W.H. Brady & Co Ltd: 112 Years Old and Still Lifting Cranes (and Rents) 🏗️
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1. At a Glance
Founded in 1913, W.H. Brady is basically the great-grandpa of Indian listed companies—older than LIC, older than RBI, heck, older than most of our grandparents’ grandparents. What does it do? A little bit of everything: trading cranes, offering aviation and highway support, renting real estate, and collecting “other income” fatter than its operating profits. With CMP ₹704 (market cap ₹180 Cr), 74% promoter holding, and FY25 PAT of ₹7.8 Cr, this centenarian company is less “tech unicorn” and more “slow elephant.” But hey, elephants still crush when they move.
2. Introduction
Imagine a company that has survived two world wars, the License Raj, demonetization, and GST. While startups brag about “5-year survival rate,” W.H. Brady has been around for 112 years, proving that even a confused business model can outlive governments if you stay stubborn enough.
It started as a trading outfit in colonial India. Today, its portfolio looks like an extended family WhatsApp group—aviation services, highway toll tech, cranes, rental properties, plus a random entertainment & hospitality subsidiary. If Reliance is a conglomerate, W.H. Brady is a “chotu conglomerate.”
And yet, the numbers aren’t terrible. 3-year sales CAGR ~21%, 5-year PAT CAGR ~14%. ROCE ~17.4%. But consistency? Let’s just say its quarterly profits swing more than Sensex on budget day.
3. Business Model (WTF Do They Even Do?)
Think of W.H. Brady as a jack of all trades:
Aviation & Highways Services
Air traffic control, air cargo terminals, aircraft/helicopter spares.