Bonlon Industries Ltd.
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ABOUT
AI Sector View
AI GENERATEDMetals & Mining
The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.
PROS
- Promoters have been increasing their shareholding - up 7.3pp over 2 years
- Company has delivered good sales growth of 20.7% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.44x)
- Working capital cycle has improved - days down from 51 to 32
- Company maintains a comfortable, low leverage position
CONS
- Recent results are weak - TTM profit is down 84.6% versus prior year
- Company has a low return on capital employed of 4.3%
- Company has a low return on equity of 2.9% over last 3 years
- Operating cash flow has been negative in recent years
- Contingent liabilities are large at 99.0% of net worth
- Company has delivered a poor profit growth of -25.9% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HINDZINC | 576.05 | 14.26 | 243399.50 | 1.74 | 5469.00 | 144.81 | 13747.00 | 81.10 | 69.83 | 58.56 |
| HINDALCO | 981.90 | 13.45 | 220655.17 | 0.51 | 7013.00 | 75.15 | 84825.00 | 32.06 | 10.45 | 16.43 |
| VEDL | 264.35 | 5.25 | 103371.11 | 12.86 | 7918.00 | 77.65 | 24205.00 | -35.34 | 18.72 | 35.12 |
| HINDCOPPER | 514.35 | 43.76 | 49738.88 | 0.56 | 352.37 | 162.47 | 936.50 | 81.36 | 39.44 | 54.17 |
| VOGL | 36.76 | 0.00 | 14374.59 | 0.00 | 9450.00 | — | 25070.00 | — | 0.00 | 32.47 |
| GRAVITA | 1667.00 | 31.39 | 12303.87 | 0.38 | 106.37 | 14.30 | 1475.06 | 41.84 | 17.18 | 7.44 |
| JAINREC | 284.70 | 27.22 | 9824.59 | 0.00 | 69.41 | 22.79 | 2724.46 | 75.86 | 25.74 | 3.97 |
| CMRGREEN | 216.55 | 22.33 | 4743.65 | 0.00 | 68.18 | — | 3122.73 | 91.98 | 13.41 | 4.33 |
| POCL | 454.50 | 24.31 | 3466.84 | 0.44 | 358.80 | 42.58 | 9348.90 | 55.08 | 23.32 | 5.97 |
| ONIXSOLAR | 437.95 | 26.86 | 1614.63 | 0.00 | 208.97 | — | 945.10 | — | 32.85 | 29.74 |
| ARDEE | 50.87 | 18.93 | 1603.43 | 0.00 | 199.03 | — | 3388.11 | — | 49.04 | 9.90 |
| BONLON | 40.81 | 25.46 | 66.86 | 0.00 | 0.81 | 93.81 | 100.64 | -31.11 | 5.04 | 1.98 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 89 | 131 | 93 | 119 | 134 | 205 | 138 | 146 | 180 | 242 | 128 | 101 | 111 | |
| 88 | 130 | 91 | 117 | 132 | 203 | 136 | 145 | 175 | 244 | 127 | 99 | 109 | |
| Operating Profit | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 5 | -2 | 1 | 2 | 2 |
| OPM % | 1.50% | 0.82% | 2.06% | 1.53% | 1.46% | 0.81% | 1.50% | 0.78% | 2.94% | -0.90% | 1.02% | 2.01% | 1.77% |
| 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | -3 | 1 | 1 | 2 |
| Tax % | 25.61% | 25.93% | 26.09% | 24.77% | 25.44% | 25.81% | 25.98% | 21.82% | 24.52% | 25.00% | 25.61% | 25.56% | 24.38% |
| Net Profit | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 0 | 4 | -2 | 1 | 1 | 2 |
| 0.43 | 0.14 | 0.49 | 0.58 | 0.60 | 0.33 | 0.66 | 0.30 | 2.51 | -1.50 | 0.43 | 0.69 | 1.07 |
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 238 | 242 | 215 | 244 | 135 | 388 | 511 | 431 | 623 | 582 | |
| 238 | 243 | 222 | 248 | 135 | 385 | 508 | 425 | 616 | 579 | |
| Operating Profit | 0 | -1 | -8 | -5 | 0 | 3 | 3 | 6 | 7 | 3 |
| OPM % | 0.02% | -0.62% | -3.56% | -1.85% | 0.06% | 0.80% | 0.58% | 1.45% | 1.11% | 0.54% |
| 1 | 2 | 12 | 17 | 3 | 1 | 1 | 0 | 0 | 2 | |
| Interest | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 1 |
| Profit before Tax | 0 | 0 | 3 | 12 | 3 | 3 | 2 | 3 | 4 | 2 |
| Tax % | 34.30% | 15.52% | 20.57% | 2.59% | 26.13% | 23.31% | 23.94% | 25.18% | 25.09% | 24.89% |
| Net Profit | 0 | 0 | 3 | 12 | 2 | 2 | 2 | 2 | 3 | 1 |
| EPS | 0.55 | 0.93 | 2.59 | 11.51 | 1.38 | 1.49 | 1.19 | 1.64 | 1.90 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 21%
- 3 Years:
- 17%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- -26%
- 3 Years:
- 8%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 3%
- 3 Years:
- 3%
- Last Year:
- 3%
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 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 10 | 10 | 14 | 14 | 14 | 14 | 14 |
| 10 | 10 | 38 | 50 | 59 | 61 | 62 | 65 | 67 | |
| 7 | 0 | 4 | 14 | 4 | 16 | 15 | 30 | 31 | |
| Trade Payables | 30 | 25 | 12 | 52 | 8 | 6 | 25 | 23 | 8 |
| 0 | 2 | 0 | 17 | 25 | 6 | 1 | 0 | 8 | |
| Total Liabilities | 49 | 41 | 64 | 143 | 109 | 102 | 117 | 132 | 128 |
| 3 | 2 | 4 | 3 | 2 | 9 | 11 | 11 | 15 | |
| 0 | 0 | 5 | 6 | 12 | 9 | 9 | 9 | 9 | |
| 8 | 14 | 1 | 4 | 7 | 12 | 13 | 30 | 13 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56 | 37 | |
| Cash & Bank | 2 | 3 | 1 | 8 | 5 | 1 | 0 | 2 | 30 |
| 36 | 21 | 54 | 122 | 83 | 71 | 84 | 26 | 24 | |
| Total Assets | 49 | 41 | 64 | 143 | 109 | 102 | 117 | 132 | 128 |
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 | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 13 | -2 | 59 | -43 | -44 | -8 | -11 | 37 | |
| Cash from Investing | 0 | 1 | -7 | 3 | -4 | 0 | -2 | -3 | -20 |
| Cash from Financing | 0 | -13 | 7 | -54 | 43 | 45 | 10 | 14 | -1 |
| 0 | 1 | -2 | 7 | -4 | 0 | -0 | 0 | 15 |
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 | |
|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-08 - The Exchange has sought clarification from Bonlon Industries Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: -1. Consolidated Financial Results not submitted The response of the Company is awaited.
2026-09-07 - Bonlon Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026
2026-09-07 - Bonlon Industries Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-05 - Bonlon Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026
2026-09-05 - Bonlon Industries Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-04 - Bonlon Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on September 04, 2026.
2026-08-20 - Bonlon Industries Limited has informed the Exchange regarding ''. Cancellation of the Meeting of the Rights Issue Committee of the company which was to be held on Thursday, August 20, 2026"
2026-08-17 - Bonlon Industries Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-17 - Bonlon Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
News
Recent coverage and analyst commentary for BONLON
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Bonlon Industries Ltd.
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