Bombay Dyeing and Manufacturing Company Limited, established by Nowrosjee Wadia on August 23, 1879, is a venerable and flagship company of the Wadia Group. With a rich history spanning over 145 years, it has evolved from its origins as a traditional textile manufacturer into a diversified conglomerate with significant interests in real estate development and polyester manufacturing. The company is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Bombay Dyeing & Manufacturing Company operates across three primary business segments:
- Real Estate Development (Bombay Realty - BR Division): This division focuses on developing high-value real estate properties, including residences, offices, hotels, serviced apartments, hospitals, schools, and retail facilities. Notable projects include Springs and AXIS Bank HQ.
- Polyester Staple Fibre (PSF) Division: The company is a key player in the Indian Polyester Staple Fibre market, holding approximately 15% market share. Its PSF manufacturing unit is located in Raigarh, Maharashtra. This B2B segment serves domestic and overseas customers, with its products primarily used in the spinning and non-woven industries.
- Retail (Textiles) Division: This represents the company's heritage textile business, offering stylish linens, towels, home furnishings, and leisure clothing through a well-established distribution network.
As of recent data, Bombay Dyeing & Manufacturing Company has a market capitalization of ₹3,443 crore, having experienced a -23.6% decrease in the last year. It is classified as a Small Cap company by Value Research. The company is noted for being almost debt-free, which is a significant financial strength.
Recent Financial Highlights:
- Quarter Ended March 2025: Net profit declined by 82.64% to ₹11.54 crore, and sales decreased by 5.68% to ₹359.02 crore compared to the previous year.
- Full Year FY25: Consolidated net profit slumped by 83.37% to ₹490.16 crore, with a 4.91% decrease in revenue to ₹1,605.43 crore compared to FY24.
- Dividend: The company's board recommended a final dividend of ₹1.20 per equity share for the financial year ended March 31, 2025.
- Market Capitalization: ₹3,443 Crore (as of recent data)
- Net Profit (Mar 2025 Quarter): ₹11.54 Crore
- Sales (Mar 2025 Quarter): ₹359.02 Crore
- Net Profit (FY25): ₹490.16 Crore
- Revenue (FY25): ₹1,605.43 Crore
- Promoter Holding: 53.58% (as of Mar 2025)
- Debt: The company is almost debt-free.
Bombay Dyeing has navigated several challenges, including intense competition from cheap imports from China and regulatory hurdles between 2014-2019. The COVID-19 pandemic also led to temporary shutdowns of its PSF manufacturing operations.
However, the company has undertaken significant modernization initiatives, upgrading its facilities with advanced machinery and launching new product lines. CRISIL Ratings has noted an expected improvement in the company's business profile, driven by steady revenue growth and enhanced operating margins in the PSF business due to cost efficiency and value-added products.
- 52-Week High: ₹256.4
- 52-Week Low: ₹117.5
- 12-Month Performance: Down by 13.18% on BSE.
- 3-Year Performance: Up by 58.72% on BSE.
Valuation Metrics (as of 17-Apr-2025):
- P/B Ratio: 1.09 times (27% discount to peers)
- P/E Ratio: 5.14 times (66% discount to peers)
The company exports its Polyester Staple Fibre products to diverse international markets, including Europe, North and South America, the Middle East, Africa, and Asia.
Promoter holding in Bombay Dyeing & Manufacturing Company Ltd stood at 53.58% as of March 2025, remaining stable from the previous period. There is no reported promoter pledging.
Bombay Dyeing & Manufacturing Company represents a diversified business with a long-standing heritage. While recent financial results have shown a downturn, its debt-free status, ongoing modernization efforts, and strong position in the polyester staple fiber market offer a foundation for future recovery and potential growth.
