Batliboi Ltd Machine-Tools Backlog Is Rs 172 Crore, Trading-Led

Batliboi Ltd reported a Rs 172 crore Machine Tools order backlog at September 2026, of which Rs 130 crore was in trading and Rs 42 crore in manufacturing. The division represented 27% of the company’s Rs 646 crore outstanding orderbook, while manufacturing installed 179 machines and trading installed three in 1HFY27.

What is Batliboi’s Machine Tools backlog split?

Batliboi’s Machine Tools backlog was Rs 172 crore at September 2026, comprising Rs 130 crore in trading and Rs 42 crore in manufacturing. Trading therefore accounted for about 76% of the disclosed division backlog and was more than three times the manufacturing backlog.

The Rs 172 crore backlog equalled 27% of Batliboi’s Rs 646 crore outstanding orderbook at September 2026. The presentation says the Machine Tools backlog includes Pats Robotics and Penta Robotics, but it does not disclose the value attributable to either business or explain how their orders are allocated within the manufacturing and trading split.

Batliboi’s manufacturing division produces multi-axis computer numerical control, or CNC, machines, including vertical machining centres, turning centres and vertical turning lathes. Its general-purpose equipment includes radial drilling machines and portable drilling machines with universal heads, while the agency division represents metal-cutting, metal-forming and workshop-machine-package products.

How did Batliboi’s machine-tools activity change in FY27?

Batliboi’s combined machine-tool trading and manufacturing order inflow declined to Rs 50 crore in 2QFY27 from Rs 59 crore in 1QFY27, a reduction of Rs 9 crore. In contrast, manufacturing revenue rose to Rs 24 crore from Rs 22 crore over the same two quarters.

The scope of the two disclosures differs: order inflow includes trading and manufacturing, while the revenue figures cover manufacturing only. Batliboi therefore does not provide quarterly trading revenue that could be compared directly with the Rs 130 crore trading backlog at September 2026.

Batliboi identifies auto components, tractors, dies and molds, light engineering and infrastructure as the principal industries served by the Indian Machine Tools operation. The division has 60 trained engineers and technicians for sales and service and operates through a network of 15 offices, according to the presentation.

What do Batliboi’s installations say about manufacturing activity?

Batliboi’s manufacturing division installed 179 machines in 1HFY27, compared with three machines installed by the trading division. Manufacturing installations increased to 91 in 2QFY27 from 88 in 1QFY27, adding three machines quarter on quarter.

The 179 manufacturing installations were recorded alongside Rs 46 crore of first-half manufacturing revenue, calculated from Rs 22 crore in 1QFY27 and Rs 24 crore in 2QFY27. Batliboi does not disclose installation values, average selling prices or a reconciliation between installed-machine numbers and revenue, so the presentation does not establish revenue per machine.

The installation pattern and the backlog composition measure different stages of activity. Manufacturing accounted for 179 of the 182 disclosed first-half installations, yet held Rs 42 crore of the Rs 172 crore September backlog; trading installed three machines but accounted for Rs 130 crore of the pending book.

Batliboi’s disclosed figures also do not identify whether the three trading installations relate to the same orders included in the September backlog. The presentation reports installations for 1HFY27 and backlog as of September 2026, but it does not give order dates, delivery schedules or expected conversion periods for either part of the Machine Tools book.

How does Quickmill fit into Batliboi’s machine-tools business?

Quickmill, Batliboi’s Canadian subsidiary, recorded Rs 86 crore of order inflow and Rs 86 crore of turnover in 1HFY27 as of September 2026. It manufactures and sells large gantry drilling and milling machines from Peterborough, Ontario, Canada.

Quickmill serves the energy, structural steel, aviation, large-equipment manufacturing and job-shop manufacturing sectors. Its machines installed rose to nine in 2QFY27 from five in 1QFY27, taking first-half installations to 14 machines.

Quickmill’s contribution to Batliboi’s total revenue declined to 28% in 2QFY27 from 35% in 1QFY27, a fall of seven percentage points. The presentation does not give the underlying quarterly revenue amounts for Quickmill or Batliboi’s total revenue in this section, so the reasons for the lower contribution percentage are not quantified.

Management said Quickmill’s order bookings and enquiry levels improved compared with the second quarter of the previous fiscal year and positioned it for a stronger remainder of FY27, subject to unforeseen circumstances. The presentation also reports more than 400 installed projects, 105 satisfied clients and more than 130 customers worldwide, and describes Quickmill as net debt free with adequate surplus.

Conclusion

Batliboi’s September 2026 data show that the Rs 172 crore Machine Tools backlog is weighted towards trading, which accounts for Rs 130 crore, versus Rs 42 crore for manufacturing. This pending-order mix differs from the first-half installation record, where manufacturing installed 179 machines against three for trading, while manufacturing revenue increased by Rs 2 crore between 1QFY27 and 2QFY27.

The next disclosed developments to watch are whether combined machine-tool order inflow recovers after falling from Rs 59 crore to Rs 50 crore in 2QFY27, and whether the Rs 130 crore trading backlog converts into revenue. Management’s stated expectation of a stronger remainder of FY27 at Quickmill is another item to monitor, while the amount of the Machine Tools backlog attributable to Pats Robotics and Penta Robotics remains undisclosed.