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 ₹ 1,303 Cr.
- Current Price ₹ 899
- High / Low ₹ 2,400 / 845
- Stock P/E
- Book Value ₹ 725
- Dividend Yield 0.00 %
- ROCE 0.53 %
- ROE -1.14 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.8.24 Cr.
- 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 | 0 | |
| 0 | 1 | 5 | |
| Operating Profit | 0 | -1 | -5 |
| OPM % | 2.5% | -2,600% | -1,832% |
| 0 | 8 | 8 | |
| Interest | 0 | 1 | 2 |
| Depreciation | 0 | 2 | 4 |
| Profit before tax | 0 | 4 | -2 |
| Tax % | 0% | 187% | |
| 0 | -4 | -10 | |
| EPS in Rs | 2.67 | -2.45 | -6.13 |
| 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: | 38% |
| 5 Years: | 57% |
| 3 Years: | 65% |
| 1 Year: | -31% |
| 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 | |
|---|---|---|
| Equity Capital | 0.87 | 14 |
| Reserves | 5 | 1,035 |
| 0 | 38 | |
| 0 | 56 | |
| Total Liabilities | 7 | 1,144 |
| 1 | 651 | |
| CWIP | 0 | 196 |
| Investments | 0 | 0 |
| 6 | 297 | |
| Total Assets | 7 | 1,144 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Number of Permanent Employees employees ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submission of Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026
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Intimation Of Listing And Trading Approval From The National Stock Exchange Of India Limited (''NSE'')
- NSE approved listing of 1,44,78,849 equity shares; trading begins October 12, 2026 under BELDING.
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Announcement under Regulation 30 (LODR)-Change in Management
- AGM approved M/s. Mishra & Associates as Secretarial Auditor for FY2026-27 to FY2030-31.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- 41st AGM voting results घोषित; four resolutions passed, including shifting registered office on September 30, 2026.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
from bse
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Annual Report 2012
from bse
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]