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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2024-25)
Investment Thesis
Bolzen and Mutter Limited is a niche precision fastener manufacturer operating in one of India's most important automotive industrial estates. Its Waluj location provides a structural demand advantage from India's thriving two-wheeler and commercial vehicle industry. As a young, small-scale unlisted company, it carries typical early-stage risks around scale, customer concentration, and quality compliance. The company's future hinges on successfully growing its OEM customer base and maintaining quality certifications in a demanding automotive supply chain environment.
Pros
Cons
Business Segments
Precision Fasteners
Manufacturing of nuts, screws, bolts, inserts, rivets, and washers for automobile, electronics, electricals, solar and wind energy sectors.
Revenue Model
Bolzen and Mutter Limited generates revenue through the manufacture and sale of fasteners and industrial hardware to automotive OEMs, Tier-1 auto component suppliers, and electronics companies. Revenue is driven by volume (number of fastener units sold), product mix (precision vs. standard fasteners), and customer contract terms. Proximity to Bajaj Auto and the Waluj automotive cluster likely makes automotive sector customers the primary revenue driver.
Detailed Analysis
Growth Plans
India's automotive sector growth, particularly two-wheelers (India is the world's largest two-wheeler market)
China+1 strategy encouraging global OEMs to develop India-based fastener suppliers
Electronics manufacturing growth under PLI schemes driving demand for precision fasteners
Potential supply chain partnerships with Bajaj Auto or major Waluj-based Tier-1 suppliers
Industry Tailwinds
Recent Developments
India's automotive industry recorded strong vehicle production volumes in FY2023-24, with two-wheelers, passenger vehicles, and commercial vehicles all growing. Aurangabad's Waluj cluster benefited as Bajaj Auto and its supplier ecosystem ramped up production, supporting fastener demand.
2024-01The Maharashtra government officially renamed Aurangabad to Chhatrapati Sambhajinagar in 2023. This administrative change does not affect industrial operations in the Waluj Industrial Area but is relevant for updated company filings and logistics documentation.
2023-07Comparable Companies
SUNDRMFAST · ~12,000 Cr
Frequently Asked Questions
About Bolzen & Mutter
Bolzen and Mutter Limited is a Aurangabad, Maharashtra-based manufacturer specialising in industrial fasteners — bolts, nuts, screws, and related hardware products. The company name itself derives from the German words for 'bolt' (Bolzen) and 'nut' (Mutter), reflecting its core product line. Incorporated in January 2017 under the Companies Act 2013 with CIN U27209MH2017PLC300388, the company has established itself in India's fastener manufacturing sector. India's fastener industry is a critical component of the broader manufacturing ecosystem, supplying to automotive, engineering, infrastructure, and construction sectors. Bolzen and Mutter operates from Aurangabad, a city that has developed into a significant industrial hub in Maharashtra, particularly for automotive-ancillary manufacturing. The proximity to major OEM plants (including Bajaj Auto's Chakan facility and other automotive manufacturers in the Aurangabad-Pune corridor) gives fastener manufacturers in this region natural access to large-volume industrial buyers. The company reported revenues of ₹79.5 crore in FY2025, with paid-up capital of ₹2.45 crore. The revenue figure demonstrates meaningful operating scale for a company incorporated as recently as 2017 — achieving this level of revenue in under 8 years of operations reflects strong demand or contract-based supply relationships with industrial buyers. The fastener segment is characterised by long-term supply contracts with OEMs, repeat-order volumes, and relationships built on quality certifications (ISO 9001, IATF 16949 for automotive-grade fasteners). The company operates in a segment where domestic manufacturing has been supported by the Automotive Mission Plan and Make in India initiatives, with the Indian fastener market estimated to grow substantially as domestic auto production and infrastructure investment expands. At ₹79.5 crore in revenue, Bolzen and Mutter is a mid-sized player in the fastener space, positioned between small job shops and larger listed players like Sundaram Fasteners.
Key Milestones
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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India's automotive sector growth, particularly two-wheelers (India is the world's largest two-wheeler market)
China+1 strategy encouraging global OEMs to develop India-based fastener suppliers
Electronics manufacturing growth under PLI schemes driving demand for precision fasteners
Potential supply chain partnerships with Bajaj Auto or major Waluj-based Tier-1 suppliers
Industry Headwinds
Steel price inflation compressing fastener manufacturing margins
Loss of key automotive customer due to quality failure or competition
Automation trends in fastener manufacturing requiring significant capital investment
EV transition changing fastener content per vehicle (EVs use fewer engine fasteners)
Limited public financial disclosure as unlisted company — full P&L not available
Source: Media Reports / Public Records
Very low paid-up capital (₹2.45Cr) relative to revenue (₹79.5Cr) — may indicate high leverage or working capital pressure
Source: Company Financial Filings
A small fastener company in Waluj is likely dependent on a handful of large automotive OEMs or Tier-1 suppliers; loss of one major customer could significantly impact revenue.
The Indian fastener industry is highly fragmented with hundreds of manufacturers; large national players like Sundram Fasteners command scale, quality, and customer relationship advantages.
Fastener demand is directly linked to automotive production volumes, which are cyclical and sensitive to economic conditions, interest rate changes, and fuel prices.
Steel is the primary raw material for fastener production; steel price volatility can significantly impact manufacturing margins, especially without long-term supply contracts.
Automotive OEM suppliers must meet strict quality standards (IATF 16949, PPAP, etc.); inability to maintain certifications can result in loss of automotive supply contracts.
STERTOOLS · ~1,000 Cr
LPS · ~300 Cr
Incorporated October 4, 2017 in Aurangabad, Maharashtra (CIN: U27209MH2017PLC300388)
Precision fastener manufacturer at Bajaj Nagar MIDC Waluj, Aurangabad — auto component hub
Revenue ₹79.5 Cr (FY25); authorized ₹7.5 Cr, paid-up ₹2.45 Cr
Active website: bolzenindia.com; serves auto, electronics, solar, wind sectors