Welcome to Brady & Morris Engineering Company Ltd, a 1946-born industrial veteran that manufactures cranes, hoists, and lifting equipment while lifting investor curiosity every quarter.
Sounds solid? Wait. In FY25, profit was ₹24 Cr thanks to a giant ₹19+ Cr “Other Income” entry. Remove that, and things look more… mechanical.
Is this a steady engineering compounder or a property-deal-powered earnings machine?
Let’s open the toolbox.
2. Introduction – 1946 Se Shuru Hua Yeh Industrial Drama
Some companies make apps. Some make EVs. And then there’s Brady & Morris — making cranes since before Independence.
Incorporated in 1946, listed in 1957, partnered with UK’s Morris brand, and controlled by the Morarka family — this is a proper old-school industrial story.
But here’s the twist.
The stock hit ₹2,018 at its high. Now it’s at ₹846.
Returns over 5 years? 60% CAGR. Last 1 year? -20%.
Why? Because FY25 profit was boosted by property-related income. Markets don’t like one-time fireworks.
Meanwhile, Q3 FY26 shows steady but modest performance.
So the real question is: Are we looking at a steady engineering business? Or a lumpy earnings machine powered by occasional real estate magic?
Let’s decode.
3. Business Model – WTF Do They Even Do?
Imagine every factory that needs to lift heavy things.
