Belding India Ltd
Belding India Ltd (formerly Synthiko Foils Ltd) is a Pune-based engineering and technology group focused on data-centre EPC/modular infrastructure, battery energy storage systems, precision/OEM manufacturing, defence solutions and X-ray security screening. [1]
- Market Cap ₹ 1,142 Cr.
- Current Price ₹ 794
- High / Low ₹ 2,400 / 721
- Stock P/E
- Book Value ₹ 719
- Dividend Yield 0.00 %
- ROCE 0.53 %
- ROE -1.14 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.11 times its book value
Cons
- Company has low interest coverage ratio.
- Company has high debtors of 41,853 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Aluminium, Copper & Zinc Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|
| -0 | 0 | 7 | |
| Sales growth | |||
| -0 | 1 | 18 | |
| Operating Profit | -0 | -1 | -11 |
| OPM % | 2.5% | -2,600% | -163% |
| 0 | 8 | 10 | |
| Interest | -0 | 1 | 3 |
| Depreciation | -0 | 2 | 7 |
| Profit before tax | 0 | 4 | -11 |
| Tax % | -0% | 187% | |
| 0 | -4 | -16 | |
| EPS in Rs | 2.67 | -2.45 | -9.55 |
| Dividend Payout % | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 35% |
| 5 Years: | 51% |
| 3 Years: | 60% |
| 1 Year: | -39% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|
| Equity Capital | 0.87 | 14 | 14 |
| Reserves | 5 | 1,035 | 1,026 |
| -0 | 38 | 63 | |
| 0 | 56 | 26 | |
| Total Liabilities | 7 | 1,144 | 1,130 |
| 1 | 651 | 913 | |
| CWIP | -0 | 196 | 0 |
| Investments | -0 | 0 | -0 |
| 6 | 297 | 217 | |
| Total Assets | 7 | 1,144 | 1,130 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| 2 | 14 | |
| -0 | -21 | |
| -2 | 7 | |
| Net Cash Flow | 1 | 0 |
| Free Cash Flow | 2 | -46 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -1,836% |
Ratios
Consolidated / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Debtor Days | 41,853 | |
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | 41,853 | |
| Working Capital Days | 629,382 | |
| ROCE % | 1% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Nov 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Number of Permanent Employees employees ・Standalone data |
|
|||||||||
| BESS Assembly Capacity GWh ・Standalone data |
||||||||||
Extracted by Screener AI
Documents
Announcements
-
Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026
- Board approved unaudited standalone and consolidated results for quarter and half year ended September 30, 2026.
-
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
- On Nov 3, 2026, Board kept DC&T Global merger scheme in abeyance.
- Announcement under Regulation 30 (LODR)-Investor Presentation
-
Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026
- Board approved Q2 FY27 results and kept DC&T merger scheme in abeyance.
-
Board Meeting Outcome for Outcome Of Board Meeting Dated November 3, 2026
- Board approved Q2 FY2026 results and kept DC&T merger scheme in abeyance.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
-
Annual Report 2020
from bse
-
Annual Report 2019
from bse
-
Annual Report 2018
from bse
-
Annual Report 2017
from bse
-
Annual Report 2016
from bse
-
Annual Report 2015
from bse
-
Annual Report 2014
from bse
-
Annual Report 2013
from bse
-
Annual Report 2012
from bse
Concalls
-
Nov 2026PPT
Business transformation
Incorporated in 1984, the company changed control in 2025 and was renamed Belding India on February 23, 2026. The old foil business was sold for ₹9.51 cr and later classified as discontinued.[1] [2]