Company Overview

Bansal Roofing Products Ltd. (BRPL) is a publicly listed company specializing in design, manufacturing, and installation of Pre-Engineered Building (PEB) structures, roofing and cladding systems, and related components. Established in 2011, the company serves industries including warehousing, manufacturing, chemical, pharma, engineering, showrooms and game zones.

Management Personnel

  • Mr. Kaushalkumar S. Gupta (Chairman & Managing Director) - Aged 56 years, Bachelor's Degree in Industrial Engineering, founder promoter with 34 years experience
  • Mr. Kailash K. Bansal (Whole-time Director) - Aged 28 years, MBA from ICFAI Business School, Bachelor in Mechanical Engineering, responsible for Operations and Business Development
  • Mrs. Sangeeta K. Gupta (Non-Executive Director) - Founder promoter, Master degree in Arts (English)
  • Mrs. Ritu Bansal (Company Secretary & Compliance Officer) - Aged 29, Bachelor in Commerce, CS qualification
  • Mr. Jignesh Bansal (Finance Head) - Aged 27, Chartered Accountant
  • Mr. Chirag Rana (Chief Financial Officer)
  • Mr. Amiya Koley (General Manager-Production) - Aged 57 years

Product Range

The company manufactures:

  • Pre-Engineered Buildings
  • Color Coated Roofing Sheets
  • Purlins (Z Purlin, C Purlin, Sigma Purlin)
  • PUF Insulated Sheets
  • Rockwool Insulated Sheets
  • Polycarbonate Sheets (transparent and opaque forms)
  • Louvers
  • Ground Mounted Solar Structures (newly introduced product)

Expansion Update

Phase 5 and Phase 6 expansion projects are under construction and expected to be completed by mid-September 2026. Approximately half of Phase 6 shed has been operationalized, enabling partial commencement of light fabrication activities. Upon full completion, Phase 6 is expected to generate additional production capacity of approximately 200 MT per month of light fabrication PEB structures.

Capex & Capacity Expansion - Q1 FY 2026-27

During Q1 FY 2026-27, the Company undertook machinery capex of approximately ₹5 crore to strengthen manufacturing capabilities. Key machinery added includes:

  • C & Z Purlin Roll-Forming Machine
  • High-Speed C / U Purlin Roll-Forming Machine
  • High-Speed HAT Purlin Roll-Forming Machine
  • Roofing Sheet Roll-Forming Machine
  • CNC Plasma Cutting Machine

The investment aims to enhance production capacity, improve operating efficiency, enable faster project execution, reduce dependency on third-party job work, and support better margin retention.

New Product Segment - Solar Structures

The advanced high-speed roll-forming machinery for manufacturing Solar Module Mounting Structures (MMS) was successfully installed and made operational during Q1 FY 2026-27. The company has commenced recruitment of dedicated marketing personnel, confirmed participation in industry exhibitions, and launched a dedicated website www.bansalsolarstructures.com.

Infrastructure

  • Unit I: Built-up area approximately 18,000 sq. ft., currently leased out on monthly rental basis
  • Unit II: Primary manufacturing facility with built-up area approximately 300,000 sq. ft. across 7 acres, housing production, storage, administrative, and dispatch functions

Manufacturing Capabilities

Unit 2 facility is equipped with advanced machinery including CNC Plasma Cutting Machine, H-Beam Welding Machine, various Roll Forming Machines, MIG & Arc Welding Machines, Crimping Machine, Slitting Machine, Grinding Machines, Shearing & Bending Machines, Shot Blasting Machines, Painting Machines, EOT Cranes, Mobile Crane, Power Presses, and Threading Machines.

Operational Initiatives

  • Shift-based production with 2-shift model
  • Continuous machinery upgrades and resource optimization
  • Waste minimization and scrap control emphasis
  • Added 100 kW of rooftop solar capacity during Q1 FY 2026-27, increasing total installed solar capacity to 300 kW
  • Approximately 45% of electricity consumption now met through solar energy

Financial Performance - Q1 FY 2026-27

| Particulars | Q1 FY2026-27 | Q4 FY2025-26 | % QoQ | Q1 FY2025-26 | % YoY |

| Revenue from Operations | ₹4,589.04 lakhs | ₹4,533.20 lakhs | ↑1.23% | ₹3,619.67 lakhs | ↑26.78% |

| Other Income | ₹7.23 lakhs | ₹1.77 lakhs | - | ₹1.25 lakhs | - |

| EBITDA | ₹412.43 lakhs | ₹505.93 lakhs | ↓18.48% | ₹305.46 lakhs | ↑35.02% |

| EBITDA Margin | 8.97% | 11.16% | (219 bps) | 8.44% | 53 bps |

| PAT | ₹266.47 lakhs | ₹349.1 lakhs | ↓23.67% | ₹201.98 lakhs | ↑31.93% |

| PAT Margin | 5.80% | 7.70% | (190 bps) | 5.58% | 22 bps |

| EPS | ₹2.02 | ₹2.65 | ↓23.77% | ₹1.53 | ↑32.03% |

Historical Financial Performance (5-Year)

| Particulars | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 4Y CAGR | 5Y CAGR |

| Revenue from Operations | ₹4,173.09L | ₹7,258.55L | ₹9,325.25L | ₹10,558.40L | ₹9,662.53L | ₹15,429.57L | 20.75% | 29.89% |

| EBITDA | ₹349.37L | ₹589.43L | ₹708.07L | ₹665.86L | ₹930.4L | ₹1,595.7L | 28.27% | 35.50% |

| PAT | ₹223.5L | ₹393.86L | ₹417.06L | ₹354.57L | ₹553.81L | ₹1,038.54L | 27.43% | 35.97% |

| EPS | ₹1.70 | ₹2.99 | ₹3.16 | ₹2.69 | ₹4.20 | ₹8.00 | 27.90% | 36.31% |

| Networth | ₹1,627.31L | ₹1,988.21L | ₹2,405.27L | ₹2,760.50L | ₹3,313.66L | ₹4,220.38L | 20.70% | 21.00% |

| Outstanding Debt | ₹205.38L | ₹591.66L | ₹650.73L | ₹426.22L | ₹224L | ₹227.6L | N.A | N.A |

Key Financial Ratios

| Ratio | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 |

| Trade Receivables Turnover Ratio | 15.97 | 29.04 | 36.29 | 43.41 | 40.17 | 51.87 |

| Trade Payables Turnover Ratio | 28.26 | 31.29 | 31.72 | 31.58 | 20.23 | 22.82 |

| Inventory Turnover Ratio | 4.99 | 7.02 | 8.83 | 13.81 | 7.27 | 7.27 |

| Interest Coverage Ratio | 38.29 | 39.84 | 12.67 | 11.43 | 23.48 | 78.53 |

| Debt Service Coverage Ratio | 27.15 | 4.88 | 3.04 | 2.36 | 3.06 | 10.07 |

| Current Ratio | 3.26 | 1.55 | 1.57 | 1.16 | 1.24 | 1.57 |

| Debt Equity Ratio | 0.13 | 0.3 | 0.27 | 0.15 | 0.07 | 0.05 |

| Return on Equity (RoE) | 14.60% | 21.79% | 18.99% | 13.73% | 18.23% | 27.57% |

| Return on Capital Employed (RoCE) | 18.86% | 24.23% | 21.36% | 16.80% | 22.58% | 34.70% |

Geographical Sales Mix

Q1 FY 2026-27: Within Gujarat 87.10%, Outside Gujarat 11.62%, SEZ Area 1.28%

Product Wise Sales Mix (Quantity)

| Product | FY 2022-23 | FY 2023-24 | FY 2024-25 | FY 2025-26 | Q1 FY 2026-27 |

| Roll Forming Products | 6,149 MT | 6,151 MT | 5,491 MT | 6,901 MT | 2,310 MT |

| PEB | 2,867 MT | 3,362 MT | 3,862 MT | 7,763 MT | 2,344 MT |

Capital Market Data

  • Face Value: ₹10
  • Market Price: ₹123.4
  • 52 Week High/Low: ₹129.95/₹101.4
  • Equity Shares Outstanding: 1.32 crore shares

Certifications & Accreditations

  • CRISIL SME 1 Grading
  • ISO 9001:2015 Quality Management System
  • ISO 14001 Environmental Management System
  • ISO 45001 Occupational Health & Safety Management
  • MSME ZED Gold Certification
  • IPF Fastest Growing Manufacturing Company Award (2021)
  • GUJARAT's MOST PROMISING BRAND award

Employee Welfare Initiatives

  • Labour quarters for 120 migrant workers
  • Subsidized canteen (50% subsidized rates)
  • Transport facilities for staff and workers
  • Uniforms provided to all workers and staff
  • Medical checkups and insurance schemes
  • Performance-linked incentives
  • Training and upskilling programs
  • Annual leisure trips and staff dinners

Marketing & Branding Initiatives

  • Active presence on B2B platforms (Indiamart Premium Listing, JustDial, GEM Portal)
  • Professional digital marketing agency managing social media handles
  • SEO-optimized website with Google Ads
  • Participation in exhibitions including Steel Construction Expo Mumbai 2025
  • Annual "Let Us Discuss Steel Buildings" Seminar Series
  • Articles published in industry magazines
  • Print media ads and industrial directory listings