Bansal Roofing Products Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Bansal Roofing Products Ltd filed with BSE on 19 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Bansal Roofing Products reported Q1 FY27 revenue of approximately Rs45.89 crore, up 26.8% year-on-year, with EBITDA of Rs4.12 crore and PAT of Rs2.67 crore. Management described continued capacity expansion through Phase 5 and Phase 6, entry into the solar module mounting structure business, and machinery capex of approximately Rs5 crore during the quarter. Management also discussed capacity utilization across roofing sheets, decking sheets, purlins and PEB structures, and answered shareholder questions on order book, employee strength, receivables and capex plans.
Numbers mentioned
Revenue from operations: approximately Rs45.89 CR (Q1 FY27)
p. 5
“During Q1 FY27, BRPL reported revenue from operaQons of approximately Rs45.89 CR compared to with Rs 36.20 CR during Q1 FY26.”
Mr. Kailash Bansal, page 5 of the filed PDF · View the filing
Revenue growth YoY: approximately 26.8% (Q1 FY27)
p. 5
“This represents year-on-year growth of approximately 26.8%.”
Mr. Kailash Bansal, page 5 of the filed PDF · View the filing
EBITDA: approximately Rs4.12 crore (Q1 FY27)
p. 5
“EBITDA for this quarter stood at approximately Rs4.12 crore compared with Rs 3.01 crore in the corresponding quarter last year, represenQng growth of approximately 35% year-on-year.”
Mr. Kailash Bansal, page 5 of the filed PDF · View the filing
EBITDA margin: approximately 9% (Q1 FY27)
p. 5
“EBITDA margin was approximately 9% compared with approximately 8% during Q1 FY26.”
Mr. Kailash Bansal, page 5 of the filed PDF · View the filing
Profit after tax: Rs2.67 CR (Q1 FY27)
p. 5
“Profit a'er tax for the quarter stood at Rs2.67 CR compared with approximately 2.02 CR in Q1 FY26 represenQng year-on-year growth of approximately 31.9%.”
Mr. Kailash Bansal, page 5 of the filed PDF · View the filing
Diluted EPS: Rs 2.02 (Q1 FY27)
p. 5
“Diluted EPS for the quarter stood at Rs 2.02 compared with Rs1.53 during the corresponding previous last year.”
Mr. Kailash Bansal, page 5 of the filed PDF · View the filing
Roofing sheet capacity utilization: 50.72% (FY26)
p. 5
“So, our roofing sheet capacity producQon is 10,000 metric tons per annum and we have produced 5072 metric tons per annum with a uQlizaQon of 50.72%.”
Mr. Kailash Bansal, page 5 of the filed PDF · View the filing
Total employee strength: 300
p. 7
“Yes, our total employee as on date is 300 both full-Qme and contract.”
Mr. Kaushal Kumar Gupta, page 7 of the filed PDF · View the filing
Current debt level: Around Rs6 Crore (as on 30th June)
p. 9
“Around Rs6 Crore.”
Mr. Jignesh Bansal, page 9 of the filed PDF · View the filing
ROE: 24%
p. 7
“We are currently operaQng with a high ROE of 24% and ROCE of 35%.”
Moderator, page 7 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Phase 5 and Phase 6 completion — mid-September 2026
stated firmly by Mr. Kailash Bansal
p. 5
“Both phases are under construcQon and are expected to be completed by mid-September 2026.”
Mr. Kailash Bansal, page 5 of the filed PDF · View the filing
Phase 6 additional PEB capacity — approximately 200 metric tons per month
stated conditionally by Mr. Kailash Bansal
p. 5
“Upon commencement, Phase 6 is expected to contribute approximately 200 metric tons per month of addiQonal light fabricaQon PEP capacity.”
Mr. Kailash Bansal, page 5 of the filed PDF · View the filing
Roofing sheet capacity — 15,000 tons per annum
stated firmly by Mr. Kailash Bansal
p. 5
“A'er expansion, the capacity will reach from 10,000 tons per annum to 15,000 tons per annum.”
Mr. Kailash Bansal, page 5 of the filed PDF · View the filing
Full year revenue target — Rs180 to Rs 200 crore · FY27
stated as an aspiration by Mr. Kaushal Kumar Gupta
p. 7
“So, we can see this year target is roughly Rs200 crore Rs180 to Rs 200 crore.”
Mr. Kaushal Kumar Gupta, page 7 of the filed PDF · View the filing
Solar MMS production capacity — 25,000 tons in a month
stated conditionally by Mr. Kaushal Kumar Gupta
p. 6
“25,000 tons in a month we can produce and supply to the structure company.”
Mr. Kaushal Kumar Gupta, page 6 of the filed PDF · View the filing
Solar MMS monthly revenue potential — Rs20 crore per month
stated conditionally by Mr. Kaushal Kumar Gupta
p. 6
“So, it is Rs20 crore per month. If everything goes right, if he starts gefng the order, this much revenue may increase per month.”
Mr. Kaushal Kumar Gupta, page 6 of the filed PDF · View the filing
Solar gross margin — 4 to 5%
stated firmly by Mr. Kaushal Kumar Gupta
p. 6
“So, margin is roughly 4 to 5%.”
Mr. Kaushal Kumar Gupta, page 6 of the filed PDF · View the filing
Solar net margin — 2.5 to 3%
stated firmly by Mr. Kaushal Kumar Gupta
p. 7
“Gross margin I am telling but because the expenses are very less the net margin is around 2.5 to 3%.”
Mr. Kaushal Kumar Gupta, page 7 of the filed PDF · View the filing
PEB production with additional shift — up to 2000 tons
stated conditionally by Mr. Kaushal Kumar Gupta
p. 7
“So, if we get good orders in coming Qme, we can produce up to 2000 tons, no problem.”
Mr. Kaushal Kumar Gupta, page 7 of the filed PDF · View the filing
Revenue growth projection — 25.32 percentage · FY27
stated firmly by Mr. Jignesh Bansal
p. 8
“Yes, sir. We are going by the same financial projecQons we would prefer giving projected financials data in the annual investor presentaQon, basically Q4 and Q2 so in the Q4, we predicted the projecQon would be around Rs180 to 190 CR.”
Mr. Jignesh Bansal, page 8 of the filed PDF · View the filing
ROE improvement — coming years
stated as an aspiration by Mr. Jignesh Bansal
p. 8
“So, you could see improvements in the return on equity, in coming years.”
Mr. Jignesh Bansal, page 8 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management described the imported machinery capable of 25,000 tons per month, an estimated Rs20 crore per month top-line potential if orders come in, and gross margins of 4-5% with net margins of 2.5-3%.
Answered by Mr. Kaushal Kumar Gupta
Asked by Mr. Lakshman Eswaran: Can management elaborate on the solar structure opportunity, its potential, targeted capacity, revenue contribution and margins?
p. 6
“BRPL has imported machines which manufacture MMS, the HET profile and the C&U profile and we can produce 25,000 ton in a month, sorry, 100 into 20, 20,000 tons, yes, 25,000.”
Mr. Kaushal Kumar Gupta, page 6 of the filed PDF · View the filing
Management said the company typically holds around two months of orders in hand relative to a Rs180-200 crore annual target.
Answered by Mr. Kaushal Kumar Gupta
Asked: What is the current order book for the year?
p. 7
“Yeah, see we normally we have order of around 2 months in hand.”
Mr. Kaushal Kumar Gupta, page 7 of the filed PDF · View the filing
Management confirmed a past order of around Rs24 crore from a single party, currently under execution, though the average order size remains Rs3-5 crore.
Answered by Mr. Kaushal Kumar Gupta
Asked: Are larger ticket size orders exceeding 10% of revenue being received, and is the company ready for such execution?
p. 7
“So, we are capable but regularly we are not gefng that much big orders. Our average order size as of date is Rs3 to 5 crore rupees that is the average order size.”
Mr. Kaushal Kumar Gupta, page 7 of the filed PDF · View the filing
Management stated total employees are 300, split between full-time and contract, with plans to increase headcount once Phase 5 and Phase 6 are completed.
Answered by Mr. Kaushal Kumar Gupta
Asked: What is the total employee strength and are there plans to increase it?
p. 7
“Once we reach to the we will complete five and six phase, we have to increase our permanent and temporary employees.”
Mr. Kaushal Kumar Gupta, page 7 of the filed PDF · View the filing
Management said returns could see a slight dip as the lower-margin solar business scales but expected overall results to remain strong.
Answered by Mr. Kaushal Kumar Gupta
Asked: With ROE at 24% and ROCE at 35%, can consistent 25% return metrics be expected going forward?
p. 8
“So, we can expect liole fall in that but the overall result will be very good and Mr. Jignesh Bansal will be able to give more idea on this over to Mr. Jignesh Bansal for this parQcular quesQon the quesQon number 6.”
Mr. Kaushal Kumar Gupta, page 8 of the filed PDF · View the filing
Management said the solar business is capital intensive for contractors and will typically require 30-45 days of credit, impacting receivables.
Answered by Mr. Kaushal Kumar Gupta
Asked: Will the solar structure business impact receivable days, which have historically been under two weeks?
p. 8
“Yes, because solar business is very much capital incenQve for contractor, so normally, even the good contractor, needs credit, so 30 to 45 days is a normal credit period in market, so this receivable will impact.”
Mr. Kaushal Kumar Gupta, page 8 of the filed PDF · View the filing
Management confirmed they are on the same run rate as projected and noted the projection is conservative since it excludes solar revenue.
Answered by Mr. Kaushal Kumar Gupta
Asked by Mr. Manish Kalaji: Is the company still targeting the 25.32% revenue growth projection given in the prior quarter's presentation, despite new machinery additions?
p. 9
“And it will be beoer than this because I think Mr. Jignesh Bansal and we all have not considered the revenue from solar machine yet.”
Mr. Kaushal Kumar Gupta, page 9 of the filed PDF · View the filing
Management said no external funds are currently required, but future projects may need modest capex funded through term loans and government subsidies.
Answered by Mr. Kaushal Kumar Gupta
Asked by Mr. Manish Kalaji: Will capex requirements, including for a potential sandwich panel project, be met through internal accruals?
p. 9
“Till date, we don't require any fund from outside. For the future expansion, we may require some fund.”
Mr. Kaushal Kumar Gupta, page 9 of the filed PDF · View the filing
Management said the Mumbai office is closed after the person hired left, so there is no revenue contribution.
Answered by Mr. Kaushal Kumar Gupta
Asked by Mr. Manish Kalaji: Is there any revenue contribution from the Mumbai office?
p. 8
“Actually, Mumbai office is not operaQng right now. It is closed because the person who was hired has le', so that office is closed now.”
Mr. Kaushal Kumar Gupta, page 8 of the filed PDF · View the filing
Risks flagged
Solar business margins are lower than core PEB business, which could reduce blended profitability ratios as solar scales.
p. 8
“So, if we expect the increase of sales turnover of Rs 20 crore rupees in a month, ROCE may decrease a liole bit.”
Mr. Kaushal Kumar Gupta, page 8 of the filed PDF · View the filing
Entry into the solar business is expected to lengthen receivable days due to contractor credit needs.
p. 8
“Yes, because solar business is very much capital incenQve for contractor, so normally, even the good contractor, needs credit, so 30 to 45 days is a normal credit period in market, so this receivable will impact.”
Mr. Kaushal Kumar Gupta, page 8 of the filed PDF · View the filing
Large orders remain irregular despite capability to execute them.
p. 7
“So, we are capable but regularly we are not gefng that much big orders.”
Mr. Kaushal Kumar Gupta, page 7 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.