BirlaNu Ltd.

•

birlanu.comBSE: 509675NSE: BIRLANU

Market Cap₹ 1,086 Cr.

Current Price

High / Low₹ 2,087 / 1,190

Stock P/E33.4

Book Value₹ 1,639

Price to Book0.77

Dividend Yield1.04 %

ROCE1.4 %

ROE-1.2 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2018 • Roofing Solutions: 64.5% • Building Solutions: 30.1% • Others: 5.4%

AI Sector View

AI GENERATED

Construction Materials

Buy

Construction materials remain supported by healthy building activity. Core industries cement growth accelerated to 13.1% YoY (2026-07), while finished steel consumption was 8.0% YoY (2026-06); steel output itself was softer at 2.9% YoY (2026-07). FPI positioning is still mildly negative at INR -497 crore over 3 months to 2026-08-31, but the fundamental demand backdrop remains constructive.

Confidence

69%

View full sector analysis →

PROS

Latest quarter profit grew 77.3% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.88x)
Company has a consistent dividend-paying track record
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Company is loss-making at the operating / net level
Company has a low return on equity of 4.1% over last 3 years
Company has a low return on capital employed of 6.1%
Interest coverage is weak at 0.6x - earnings barely cover interest
Operating margins have contracted to 2.4% from 10.2%
Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Construction MaterialsConstruction MaterialsCement & Construction Materials

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ULTRACEMCO	11399.00	39.34	335904.79	2.11	2603.72	17.24	24648.20	15.85	13.25	20.35
2.	AMBUJACEM	402.80	22.87	100088.44	0.50	660.00	-31.93	9500.00	-7.67	6.24	16.78
3.	SHREECEM	23449.00	51.90	84605.75	0.64	531.12	-17.48	6233.13	18.03	10.61	20.41
4.	JKCEMENT	5079.30	41.51	39246.86	0.39	274.62	-15.31	4031.72	20.26	14.89	16.07
5.	DALBHARAT	1808.80	36.36	33926.93	0.50	192.00	-51.39	3890.00	6.99	8.15	20.69
6.	ACC	1272.25	12.52	23891.23	0.59	147.00	-60.84	5808.00	-4.59	11.60	7.90
7.	RAMCOCEM	874.85	32.06	20672.04	0.29	31.24	-63.06	2273.05	9.60	10.75	13.49
8.	JSWCEMENT	124.50	22.32	16973.89	0.40	153.43	111.23	1896.41	21.58	-4.21	16.41
9.	NUVOCO	322.60	29.85	11521.86	0.00	159.63	19.88	3128.71	8.91	7.11	18.16
10.	INDIACEM	359.75	120.54	11148.55	0.00	26.85	120.20	1019.42	-0.52	0.30	15.28
11.	STARCEMENT	185.60	20.29	7501.59	0.54	73.91	-24.71	942.89	3.39	8.42	20.63
12.	BIRLANU	1440.55	33.36	1086.30	1.04	9.40	812.12	1174.02	11.57	-2.46	6.21

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	722	466	509	534	775	481	496	581	728	479	529	625	824
	632	449	491	520	701	489	496	574	688	478	525	599	766
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	6	7	11	12	6	17	5	11	21	16	31	17	9
Interest	2	2	3	4	6	6	7	9	6	5	7	9	8
Depreciation	17	16	17	18	17	17	18	21	17	17	18	23	22
	100	19	8	5	58	69	-19	-12	38	-5	10	-23	67
Tax %	23.27%	20.26%	20.10%	22.07%	26.49%	12.59%	40.67%	15.27%	26.36%	33.20%	-12.88%	-7.43%	26.08%
Net Profit	77	15	7	4	43	60	-11	-10	28	-3	11	-25	50
	102	20	9	5	56	80	-15	-13	37	-4	15	-33	7
Equity Capital	8	8	8	8	8	8	8	8	8	8	8	8	8
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,119	1,280	1,443	1,321	1,566	1,973	2,155	2,231	2,390	2,427	2,458
	1,015	1,133	1,264	1,191	1,334	1,704	1,959	2,092	2,320	2,366	2,368
Operating Profit	127	171	211	166	259	307	228	175	105	146	—
OPM %	11	13	15	13	17	16	11	8	4	6	—
Other Income	23	24	32	37	28	37	33	36	35	85	73
Interest	5	4	19	31	19	5	7	11	37	36	30
Depreciation	41	47	42	49	49	54	58	68	85	88	79
	74	120	150	86	192	248	164	133	65	-13	49
Tax %	26	33	37	19	26	25	21	23	17	-11	33
Net Profit	55	81	95	70	142	186	130	103	54	-14	33
EPS	73	108	136	102	250	246	173	137	71	-19	—
Dividend Payout %	27	21	20	21	21	26	26	27	42	-81	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	73	108	127	93	190	247	173	137	71	-19	—

COMPOUNDED SALES GROWTH

10 Years:: 8%
5 Years:: 9%
3 Years:: 4%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -26%

RETURN ON EQUITY

10 Years:: 11%
5 Years:: 9%
3 Years:: 4%
Last Year:: -1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	7	7	7	7	7	8	8	8	8	8
	495	558	638	695	866	1,020	1,106	1,180	1,216	1,179
	2	0	50	164	55	54	105	180	310	251
Trade Payables	137	196	223	218	172	202	234	238	266	267
	239	257	534	452	300	249	222	347	363	494
Total Liabilities	880	1,019	1,453	1,537	1,401	1,534	1,676	1,952	2,162	2,199
ASSETS	-	-	-	-	-	-	-	-	-	-
	486	471	535	546	571	568	651	654	919	908
Capital Work in Progress	7	49	29	27	6	19	29	36	55	38
	20	121	274	290	304	274	274	376	274	313
	206	185	220	286	213	342	368	414	421	386
	0	0	0	0	0	0	0	135	177	173
Cash & Bank	10	14	11	10	15	26	10	69	8	14
	151	179	384	378	292	304	345	267	308	366
Total Assets	880	1,019	1,453	1,537	1,401	1,534	1,676	1,952	2,162	2,199
Total Debt	72	67	390	429	145	66	117	313	427	458
Net Working Capital	78	110	-62	-100	1	80	86	206	-75	-44
Contingent Liabilities	77	87	65	58	59	75	125	123	140	60
Book Value per Share	673.94	757.32	864.20	939.91	1166.08	1367.99	1477.96	1574.45	1622.05	1573.05
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	151	187	-68	71	293	138	124	77	48	144
Cash from Investing	-36	-165	-219	-56	35	-18	-125	-171	-24	-106
Cash from Financing	-109	-20	284	-15	-323	-118	-4	153	-89	-33
	6	2	-3	-1	5	3	-5	59	-66	5
Free Cash Flow	151	121	-154	29	241	81	-20	1	-297	98
OCF / Net Profit	2.76	2.32	-0.71	1.01	2.06	0.75	0.95	0.75	0.89	-10.24
Cumulative 5-Year FCF	0	0	0	0	388	319	178	333	8	-135

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	73.19	108.21	127.43	93.25	189.85	247.31	172.60	136.56	71.07	-18.63
Book Value (₹)	673.94	757.32	864.20	939.91	1166.08	1367.99	1477.96	1574.45	1622.05	1573.05
Dividend per Share (₹)	20.00	22.50	25.00	20.00	40.00	65.00	45.00	37.50	30.00	15.00
Cash EPS (₹)	128.07	171.06	183.32	158.99	255.48	318.93	249.62	226.67	184.04	97.45
PROFITABILITY
Operating Margin %	10.16%	12.31%	13.79%	12.23%	16.03%	15.14%	10.25%	6.00%	2.84%	2.41%
Net Margin %	4.39%	5.83%	6.21%	5.13%	8.79%	9.17%	5.84%	4.46%	2.17%	-0.56%
ROE %	11.40%	15.12%	15.73%	10.34%	18.04%	19.54%	12.15%	8.95%	4.45%	-1.17%
ROCE %	13.24%	20.49%	20.30%	10.79%	19.51%	23.87%	14.63%	10.51%	6.41%	1.42%
	6.11%	8.50%	7.70%	4.66%	9.68%	12.66%	8.11%	5.68%	2.61%	-0.64%
EFFICIENCY
Debtor Days	28	24	26	29	20	15	16	19	23	25
Inventory Days	63	52	48	68	56	50	58	62	62	58
Payable Days	88	99	108	120	85	64	64	66	63	66
	3	-23	-34	-23	-9	1	11	15	22	17
FINANCIAL HEALTH
Debt to Equity (x)	0.14x	0.12x	0.60x	0.61x	0.17x	0.06x	0.11x	0.26x	0.35x	0.39x
Interest Coverage (x)	15.19x	32.01x	8.76x	3.76x	11.25x	56.08x	25.69x	13.38x	2.75x	0.65x
	1.29x	1.33x	0.86x	0.83x	1.00x	1.18x	1.17x	1.34x	0.90x	0.94x
GROWTH
Revenue Growth %	2.08%	14.35%	12.73%	-8.45%	15.13%	26.03%	9.21%	3.51%	7.12%	1.55%
Operating Profit Growth %	13.25%	34.89%	23.78%	-21.30%	48.33%	18.18%	-25.53%	-23.58%	-40.04%	39.29%
Net Profit Growth %	37.72%	47.84%	17.90%	-26.75%	85.42%	30.64%	-29.99%	-20.85%	-47.96%	-126.21%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-20.88%	-47.96%	-126.21%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	19.06x	25.38x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.65x	1.11x	0.77x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.44%	1.66%	1.25%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	12.64x	17.00x	9.28x

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
40.57	40.57	40.57	40.57	40.57	40.57	40.57	40.57	40.57
1.54	1.35	1.29	1.40	2.05	2.23	2.64	2.87	2.74
3.27	3.57	2.48	0.10	0.11	0.14	0.14	0.06	0.08
4.05	4.05	4.05	4.05	4.05	4.05	4.05	4.05	4.05
50.57	50.46	51.61	53.88	53.22	53.01	52.60	52.45	52.56

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-17

General Updates

2026-08-17 - BirlaNu Limited informed that the Company has today, i.e. August 17, 2026, entered into Share Subscription and Shareholder Agreement ( SSHA ) with Fourth Partner Energy Private Limited and FPEL HR5 Energy Private Limited.

2026-08-12

Updates

2026-08-12 - BirlaNu Limited has informed the Exchange regarding 'Notice to shareholders regarding opening of Special Window for transfer and dematerialisation of physical securities'.

2026-08-12

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-12 - BirlaNu Limited has informed the Exchange about Transcript

2026-08-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - BirlaNu Limited has informed the Exchange about Link of Recording

2026-08-07

Copy of Newspaper Publication

2026-08-07 - BirlaNu Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-06

Shareholders meeting

2026-08-06 - BirlaNu Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 06, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-06

Shareholders meeting

2026-08-06 - BirlaNu Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 06, 2026

2026-08-06

Investor Presentation

2026-08-06 - BirlaNu Limited has informed the Exchange about Investor Presentation

2026-08-06

Capacity addition

2026-08-06 - BirlaNu Limited has informed the Exchange about Capacity addition

News

Recent coverage and analyst commentary for BIRLANU

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Free 5nance Account

Name

ULTRACEMCO

11399.00

39.34

335904.79

2.11

2603.72

17.24

24648.20

15.85

13.25

20.35

AMBUJACEM

402.80

22.87

100088.44

0.50

660.00

-31.93

9500.00

-7.67

6.24

16.78

SHREECEM

23449.00

51.90

84605.75

0.64

531.12

-17.48

6233.13

18.03

10.61

20.41

JKCEMENT

5079.30

41.51

39246.86

0.39

274.62

-15.31

4031.72

20.26

14.89

16.07

DALBHARAT

1808.80

36.36

33926.93

0.50

192.00

-51.39

3890.00

6.99

8.15

20.69

ACC

1272.25

12.52

23891.23

0.59

147.00

-60.84

5808.00

-4.59

11.60

7.90

RAMCOCEM

874.85

32.06

20672.04

0.29

31.24

-63.06

2273.05

9.60

10.75

13.49

JSWCEMENT

124.50

22.32

16973.89

0.40

153.43

111.23

1896.41

21.58

-4.21

16.41

NUVOCO

322.60

29.85

11521.86

0.00

159.63

19.88

3128.71

8.91

7.11

18.16

INDIACEM

359.75

120.54

11148.55

0.00

26.85

120.20

1019.42

-0.52

0.30

15.28

STARCEMENT

185.60

20.29

7501.59

0.54

73.91

-24.71

942.89

3.39

8.42

20.63

BIRLANU

1440.55

33.36

1086.30

1.04

9.40

812.12

1174.02

11.57

-2.46

6.21

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

722

466

509

534

775

481

496

581

728

479

529

625

824

632

449

491

520

701

489

496

574

688

478

525

599

766

Operating Profit

—

OPM %

—

Other Income

Interest

Depreciation

100

-19

-12

-5

-23

Tax %

23.27%

20.26%

20.10%

22.07%

26.49%

12.59%

40.67%

15.27%

26.36%

33.20%

-12.88%

-7.43%

26.08%

Net Profit

-11

-10

-3

-25

102

-15

-13

-4

-33

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,119

1,280

1,443

1,321

1,566

1,973

2,155

2,231

2,390

2,427

2,458

1,015

1,133

1,264

1,191

1,334

1,704

1,959

2,092

2,320

2,366

2,368

Operating Profit

127

171

211

166

259

307

228

175

105

146

—

OPM %

—

Other Income

Interest

Depreciation

120

150

192

248

164

133

-13

Tax %

-11

Net Profit

142

186

130

103

-14

EPS

108

136

102

250

246

173

137

-19

—

Dividend Payout %

-81

—

Minority Interest

Share of Associates

Adjusted EPS

108

127

190

247

173

137

-19

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

495

558

638

695

866

1,020

1,106

1,180

1,216

1,179

164

105

180

310

251

Trade Payables

137

196

223

218

172

202

234

238

266

267

239

257

534

452

300

249

222

347

363

494

Total Liabilities

880

1,019

1,453

1,537

1,401

1,534

1,676

1,952

2,162

2,199

ASSETS

486

471

535

546

571

568

651

654

919

908

Capital Work in Progress

121

274

290

304

274

376

274

313

206

185

220

286

213

342

368

414

421

386

135

177

173

Cash & Bank

151

179

384

378

292

304

345

267

308

366

Total Assets

880

1,019

1,453

1,537

1,401

1,534

1,676

1,952

2,162

2,199

Total Debt

390

429

145

117

313

427

458

Net Working Capital

110

-62

-100

206

-75

-44

Contingent Liabilities

125

123

140

Book Value per Share

673.94

757.32

864.20

939.91

1166.08

1367.99

1477.96

1574.45

1622.05

1573.05

Face Value

10.00

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

151

187

-68

293

138

124

144

Cash from Investing

-36

-165

-219

-56

-18

-125

-171

-24

-106

Cash from Financing

-109

-20

284

-15

-323

-118

-4

153

-89

-33

-3

-1

-5

-66

Free Cash Flow

151

121

-154

241

-20

-297

OCF / Net Profit

2.76

2.32

-0.71

1.01

2.06

0.75

0.95

0.75

0.89

-10.24

Cumulative 5-Year FCF

388

319

178

333

-135

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

73.19

108.21

127.43

93.25

189.85

247.31

172.60

136.56

71.07

-18.63

Book Value (₹)

673.94

757.32

864.20

939.91

1166.08

1367.99

1477.96

1574.45

1622.05

1573.05

Dividend per Share (₹)

20.00

22.50

25.00

20.00

40.00

65.00

45.00

37.50

30.00

15.00

Cash EPS (₹)

128.07

171.06

183.32

158.99

255.48

318.93

249.62

226.67

184.04

97.45

PROFITABILITY

Operating Margin %

10.16%

12.31%

13.79%

12.23%

16.03%

15.14%

10.25%

6.00%

2.84%

2.41%

Net Margin %

4.39%

5.83%

6.21%

5.13%

8.79%

9.17%

5.84%

4.46%

2.17%

-0.56%

ROE %

11.40%

15.12%

15.73%

10.34%

18.04%

19.54%

12.15%

8.95%

4.45%

-1.17%

ROCE %

13.24%

20.49%

20.30%

10.79%

19.51%

23.87%

14.63%

10.51%

6.41%

1.42%

6.11%

8.50%

7.70%

4.66%

9.68%

12.66%

8.11%

5.68%

2.61%

-0.64%

EFFICIENCY

Debtor Days

Inventory Days

Payable Days

108

120

-23

-34

-23

-9

FINANCIAL HEALTH

Debt to Equity (x)

0.14x

0.12x

0.60x

0.61x

0.17x

0.06x

0.11x

0.26x

0.35x

0.39x

Interest Coverage (x)

15.19x

32.01x

8.76x

3.76x

11.25x

56.08x

25.69x

13.38x

2.75x

0.65x

1.29x

1.33x

0.86x

0.83x

1.00x

1.18x

1.17x

1.34x

0.90x

0.94x

GROWTH

Revenue Growth %

2.08%

14.35%

12.73%

-8.45%

15.13%

26.03%

9.21%

3.51%

7.12%

1.55%

Operating Profit Growth %

13.25%

34.89%

23.78%

-21.30%

48.33%

18.18%

-25.53%

-23.58%

-40.04%

39.29%

Net Profit Growth %

37.72%

47.84%

17.90%

-26.75%

85.42%

30.64%

-29.99%

-20.85%

-47.96%

-126.21%

0.00%

-20.88%

-47.96%

-126.21%

VALUATION

P/E (x)

0.00x

19.06x

25.38x

0.00x

P/B (x)

0.00x

1.65x

1.11x

0.77x

Dividend Yield %

0.00%

1.44%

1.66%

1.25%

0.00x

12.64x

17.00x

9.28x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

40.57

1.54

1.35

1.29

1.40

2.05

2.23

2.64

2.87

2.74

3.27

3.57

2.48

0.10

0.11

0.14

0.06

0.08

4.05

50.57

50.46

51.61

53.88

53.22

53.01

52.60

52.45

52.56

BirlaNu Ltd.

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BirlaNu Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI