Bombay Dyeing & Manufacturing Company Ltd

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144.502.20 (1.55%)

03:59 PM,26th Sep 2023

144.001.80 (1.27%)

04:01 PM,26th Sep 2023

BSE : 500020


Sector : Industrials

ISIN Code : INE032A01023

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Last Updated: Sep 26 2023 | 04:01 PM IST

Market Cap (₹ Cr)


Turnover (₹ Cr)


Volume (Shares)


Face Value


52-WK High


52-WK High Date

14 Sep 2023

52-WK Low


52-WK Low Date

28 Mar 2023

All Time High


All Time High Date

09 May 2018

All Time Low


All Time Low Date

28 Apr 1999

Bombay Dyeing & Manufacturing Company Ltd

The Bombay Dyeing and Manufacturing Company Limited (Bombay Dyeing) established on 23rd August 1879 is the flagship company of the Wadia Group engaged primarily in the business of Real Estate Development Polyester Staple Fibre and Retail.In its real estate development business the company enjoys the benefits of two large contiguous land parcels with clear titles giving it a significant advantage over other real estate players. The two sites are strategically located and well connected with the commercial hub of Central Mumbai and equidistant from the commercial hubs of South Mumbai and Bandra-Kurla Complex. The plan is to develop these sites as mixed-use developments comprising of residences officesand luxury retail with well-planned amenities and large open spaces.Bombay Dyeing and Manufacturing Company is one of the six producers of Polyester Staple Fibre (PSF) in the country with a market share of about 15%.The company's Bed Bath & Coordinates retail business is operated under the Home & You brand. The Bombay Dyeing and Manufacturing Company Limited is the flagship company of the Wadia Group. One Hundred and Thirty Eight years ago Mr. Nowrosjee Wadia nurtured an overarching vision. The vision to create an enterprise which can stand the test of time scale new frontiers of excellence and constantly re-invent itself to suit the changing needs of customers. Bombay Dyeing today is testimony to the strength of that vision.Bombay Dyeing is the embodiment of that vision. Respected trusted and one of India's most endeared brands. Bombay Dyeing is one of the earliest of the Wadia Group Companies to have been listed on the Bombay Stock Exchange. The Company has extended its presence in Realty Sector Polyester Staple Fibre and Retail-Textile to cater to the evolving aspirations of its customers and enhancing their quality of life.The Company is headed by Mr. Nusli N. Wadia Chairman and its Managing Director is Mr. Jehangir N. Wadia.Archway Investment Company (P) Limited became a wholly owned subsidiary of the company during the incorporation year itself. The company had entered into an agreement with Tootal Broadhurst Lee Company Limited of Manchester during the year 1961 for the technical know-how and use of their patented crease resistant and minimum ironing processes under which the company was permitted to brand its goods with marks Tebilized and Tebilized Double. Subsequently in the year 1962 the negotiations were concluded with Heberilein & Company of Wattil Switzerland for the right to use their Hecowa finish on processed goods. Nowrosjee Wadia Ginning & Processing Company Limited was amalgamated with the company with effect from 1st October of the year 1967. BDMCL made an agreement with Hercofina of USA during the year 1978 for the purchase of equipment and machinery and for technology and technical service. The Company also entered into a Technical Services Contract with their Indonesian company P.T. Five Star Industries Limited in the year 1979. During the year 1988 the company installed 2 open-end spinning machines 3 auto coners 7 high-speed combers 1 hot air stenter and some jiggers in the processing house in Mumbai also in the same year a caustic recovery plant was installed. A year after in 1989 2 new Blow Room lines with cards 7 auto coners and 48 new Air-jet Weaving machines were installed. At the processing house in Mumbai some Polywool processing machinery and new fusible interlining machines were also installed. During the same year 1989 BDMCL had entered into a contract with 20th Century Foods Pvt Ltd of Singapore to render technical services to Thulhiriya Textile Mills (Sri Lanka) a Government owned textile mill of Sri Lanka having 130000 spindles and 560 looms. In 1990 The Company installed a blow room line with high production cards 6 open-end spinning machines 16 sulzer weaving machines and 2 auto coners at its manufacturing mills. Additions to the processing machinery included a chairless mercerizer energy efficient stenter a soaper a singeing machine and 3 yarn-dyeing units. The Capital Equipment installed included 72 air jet weaving machines 8 trutschler cards 9 draw frames 5 open end spinning machines 6 auto coners 1 warping machine and 2 sizing machines during the year 1992. In 2nd December of the year 1993 the company had launched the Euro Issue in the international markets. During the period of 1995 BDMCL had increased its capacity from 112000 TPA to 145000 TPA. The Company introduced three new brands for Home collection in the year 1997 and also in the same year BDMCL had introduced various projects in its mills to improve the quality of yarn and fabric and reduce rejects. The Company had signed up with fieldstone Cannon of the US to setup a 50:50 joint venture to make terry towels. In 1998 the company introduced two new brands viz Princeton and Forest Hills in Apparel and Tulip and Harmony in the home collection segment almost seven years after the launch of its Vivaldi brand. The Company had won the SRTEPC and TEXPROCIL Gold Trophies for its outstanding export performance for poly cotton blended fabrics and made-ups for the year 1998-99. BDMCL made a terry towel joint venture project with the US-based Fieldcrest Cannon in 1999. The Jamnagar Spinning unit of the company which was situated in Gujarat closed down with effect from July 29th of the year 2000. The Company had acquired the 51% of stake in Proline India for a sum of Rs.4 cr during the year 2002 and changed its Readymade Garment Business to the same Proline India Limited. Bombay Dyeing unveiled 150 new designs in bed and bath linen and home towel category in the same year of 2002. BDMCL made tie up with Nickleodeon for a merchandising arrangement in the year 2005. The real estate division of the company had commenced the development of the two properties Spring Mills Dadar and Textile Mills Worli during the year 2005-06. The DMT Plant operations had been suspended from 6th March of the year 2006 to enable implementation of the Polyester Stable Fibre (PSF) in the same site of the company. In January 2007 commissioning of PSF plant in sections commenced and by 31st 2007 part of the plant was under operational testing. The Company committed a major part of the total capital expenditure of Rs.206 crores in 31st March of the year 2007 for a new state-of-the-art processing unit along with in-house stitching facilities at Ranjangaon.During the financial year ended 31 March 2014 export turnover of Bombay Dyeing and Manufacturing Company's textiles division rose 45% to Rs. 73.40 crore due to significant marketing efforts which led to an increase in the customer base and introduction of Chief Value Cotton (CVC) products. To cater to premium consumers the company has launched 600 Tread Count printed bed sheets for the first time the ultimate product for luxury loving consumers. The issue of land handover that was holding up the development project of Bombay Dyeing and Manufacturing Company has been resolved with the Order passed by the High Court Mumbai in November 2013. Work on the two towers i.e. One ICC and Two ICC is now expected to commence shortly.With regard to the company's Polyester Staple Fibre division coal boiler project implementation has been completed and is operational in Q1 of 2014-15 resulting in greater cost competitiveness.During the financial year ended 31 March 2015 Bombay Dyeing and Manufacturing Company's real estate development projects were affected due to the regulatory environment in India. The year 2014-15 was a year of recovery from the polyester business perspective. Improving demand and sustained efforts on the part of the company to achieve higher capacity utilization have yielded positive results.During the financial year ended 31 March 2016 Bombay Dyeing and Manufacturing Company's real estate development projects were adversely affected due to legal and regulatory delays. The shareholders of Bombay Dyeing and Manufacturing Company through postal ballot in June 2015 had approved to sell/dispose of its textiles processing unit at B-28 MIDC Industrial Area Ranjangaon Maharashtra (Undertaking) to Oasis Procon Pvt. Ltd. New Delhi (Oasis) together with all specified tangible and intangible assets in relation to the Undertaking (excluding its brand name and the specific liabilities) on a slump sale basis as a going concern and on an 'as is where is' basis for a consideration of Rs. 230 crore. The net proceeds from the sale of the Undertaking was to be utilized to repay loans and reduce the interest burden of the company. As per the terms and conditions reflected in the agreed Term Sheet the prospective buyers were obliged to complete the transaction not later than 31st July 2015. However they failed to make the requisite payments under the contract and the sale deed could not be completed. The company is in the process of finding a new buyer for the said unit.During the year ended 31 March 2017 Archway Investment Company Ltd. (Archway) became wholly owned subsidiary of Bombay Dyeing and Manufacturing Company. Thereafter Bombay Dyeing and Manufacturing Company applied for amalgamation of Archway with it which was duly sanctioned by the National Company Law Tribunal Bench at Mumbai vide its order dated 20 June 2017.Bombay Dyeing and Manufacturing Company has entered into an Agreement to Sale (ATS) of the Ranjangaon Processing Unit's MIDC Land & Building thereon for a total consideration amount of Rs. 168.85 crore. The company has also entered into an agreement to sell the Plant & Machinery situated at Ranjangaon for Rs. 36.25 crore.During the financial year ended 31 March 2018 Bombay Dyeing and Manufacturing Company successfully rationalised number of lenders to improve operating efficiency. This greatly helped management of large volume of cash outflows. In this process it will also help tightly monitor and control finance costs in future. Continuing cheap imports from China disrupted the domestic market impacting the company's PSF business during the year under review. During the year under review the company's real estate development projects were adversely affected due to legal and regulatory delays.The Mumbai Bench of Hon'ble National Company Law Tribunal (NCLT) vide its order dated 21st February 2019 approved the Scheme of Arrangement between Scal Services Limited (Demerged Company) and The Bombay Dyeing and Manufacturing Company Limited (Resulting Company) and their respective Shareholders with effect from the Appointed Date of 1st July 2018 pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act 2013. As per the Scheme of Arrangement 3 fully paid up 8% Redeemable Non-convertible Non-Cumulative Preference Shares of Rs 100/- each of the Resulting Company were to be issued and allotted for every 1 equity share of Rs 100 each held in the Demerged Company (other than the Resulting Company being a member in the Demerged Company) as consideration. Accordingly 388800 8% Redeemable Non-Convertible NonCumulative Preference Shares of Rs 100 each fully paid up were issued and allotted to the shareholders of the Demerged Company.During the year 2019 the Company repaid the deposits aggregating to Rs 75.14 crore. Total deposits outstanding as on 31st March 2019 amounted to Rs 1.95 crore out of which 165 deposits aggregating Rs 1.37 crore had matured.PSF manufacturing operations at the Company's Patalganga Plant in Maharashtra were shut down from 25th March 2020 as per Government's direction for combating Covid-19 and especially for the safety of the workmen and employees at the plant. The plant re-started operations in a phased manner w.e.f. 4th June 2020. In the Retail Division the retail stores all over India have also been shut since the 3rd week of March 2020 and there has been a concurrent negative impact on the e-commerce market. The business is now limping back to normalcy in phases across the country.

Bombay Dyeing & Manufacturing Company Ltd - Key Fundamentals

Market Cap (₹ Cr)


EPS - TTM (₹) [S]


P/E Ratio (X) [S]


Face Value (₹) 2
Latest Dividend (%)10.00
Latest Dividend Date 08 Jul 2020
Dividend Yield (%) -
Book Value Share (₹) [S]-61.67
P/B Ratio (₹) [S]-2.34
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Motilal Oswal Nifty Microcap 250 Index Fund-Reg (G) 0.93 70536 0.29
Motilal Oswal Nifty Microcap 250 Index Fund-Dir (G) 0.93 70536 0.29

Research Reports

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Stock Strength

Today's Low/High



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Share Price Returns

1 Week-2.20%-2.20%-2.44-2.33%
1 Month6.88%6.84%1.632.07%
3 Month44.07%44.07%4.715.35%
6 Month144.83%143.88%14.6316.05%
1 Year42.36%42.43%13.5113.49%
3 Year128.46%128.46%76.3877.96%



Bulk/ Block

DateClient NameExchangeTransactionQuantityPrice
14-09-2023HRTI PRIVATE LIMITEDNSEBUY1088896161.39

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Peer Group Comparison

NamePrice(In Rs)Chg(%)Mkt Cap(Rs Cr)Sales(Rs Cr)Profit(Rs Cr)EPS(Rs)P/E(x)

Shareholding Pattern

Jun 2023
Financial Institutions Banks0.07
Foreign Institutional Investors1.38
Insurance Companies0.26
Mutual Funds Uti0.00
Other Institutional Investors1.40
Indian Public33.15
Others Non Institutional Investors10.14

Corporate Action

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Company Info

Company Information

Chairman (Non-Executive) : Nusli N Wadia

Non-Exec. & Independent Dir. : S Ragothaman

Non-Exec & Non-Independent Dir : Ness N Wadia

Non-Exec. & Independent Dir. : Vinesh Kumar Jairath

Non-Exec & Non-Independent Dir : Minnie Bodhanwala

Non-Exec. & Independent Dir. : Keki M Elavia

Non-Exec. & Independent Dir. : Sunil S Lalbhai

Independent Director : Rajesh Batra

Additional Director : Chandra Iyengar

Registered Office: Neville House J N Heredia Marg, Ballard Estate,Mumbai,Maharashtra-400001 Ph: 91-22-66620000