B C C Fuba India Ltd
B C C Fuba India Ltd manufactures high-reliability printed circuit boards at Nalagarh, Himachal Pradesh. It supplies single-layer, double-layer, multilayer, and metal-core PCBs to OEMs in automotive, power infrastructure, telecom, defence, medical, railways, and consumer electronics [1]
- Market Cap ₹ 773 Cr.
- Current Price ₹ 318
- High / Low ₹ 332 / 102
- Stock P/E 69.5
- Book Value ₹ 29.2
- Dividend Yield 0.00 %
- ROCE 19.2 %
- ROE 17.0 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 61.2% CAGR over last 5 years
- Company's working capital requirements have reduced from 26.7 days to 10.3 days
Cons
- Stock is trading at 11.0 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 32.3%
- Promoter holding has decreased over last 3 years: -6.51%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 8 | 9 | 15 | 41 | 47 | 44 | 29 | 29 | 32 | 47 | 73 | 95 | |
| Sales growth | +37% | +11% | +19% | +67% | +175% | +14% | -6% | -36% | +0% | +13% | +46% | +54% | +62% |
| 8 | 8 | 9 | 16 | 41 | 48 | 43 | 27 | 26 | 28 | 40 | 62 | 77 | |
| Operating Profit | -1 | -1 | -0 | -1 | 1 | -0 | 1 | 2 | 3 | 4 | 7 | 11 | 18 |
| OPM % | -13% | -8% | -0.9% | -4.9% | 1.8% | -0.8% | 2.6% | 6% | 11% | 14% | 14% | 15% | 19% |
| 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 |
| Profit before tax | -1 | -1 | -0 | -1 | 0 | -1 | 1 | 1 | 2 | 4 | 5 | 8 | 16 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 6% | -4% | 28% | 28% | |
| -1 | -1 | -0 | -1 | 0 | -1 | 1 | 1 | 2 | 4 | 4 | 6 | 11 | |
| EPS in Rs | -1.65 | -1.07 | -0.17 | -0.36 | 0.11 | -0.54 | 0.34 | 0.51 | 1.31 | 2.15 | 2.14 | 2.95 | 4.94 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 10% |
| 3 Years: | 36% |
| TTM: | 62% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 61% |
| 3 Years: | 37% |
| TTM: | 136% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 48% |
| 5 Years: | 84% |
| 3 Years: | 80% |
| 1 Year: | 90% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 18% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 18 | 20 |
| Reserves | -9 | -10 | -11 | -2 | -2 | -3 | -3 | -2 | 0 | 4 | 8 | 28 | 51 |
| 9 | 10 | 11 | 1 | 0 | 4 | 6 | 8 | 7 | 9 | 12 | 16 | 18 | |
| 2 | 2 | 2 | 5 | 22 | 6 | 7 | 7 | 8 | 6 | 6 | 19 | 26 | |
| Total Liabilities | 7 | 7 | 8 | 19 | 35 | 22 | 25 | 28 | 31 | 34 | 41 | 81 | 115 |
| 1 | 1 | 2 | 3 | 4 | 5 | 6 | 6 | 7 | 10 | 15 | 22 | 26 | |
| CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 6 | 2 | 5 | 20 |
| 6 | 6 | 7 | 15 | 30 | 17 | 20 | 21 | 21 | 17 | 24 | 53 | 64 | |
| Total Assets | 7 | 7 | 8 | 19 | 35 | 22 | 25 | 28 | 31 | 34 | 41 | 81 | 115 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1 | -1 | -0 | -4 | 0 | 1 | 4 | -0 | 4 | 5 | -0 | 9 | |
| -0 | -0 | -1 | -2 | -1 | -0 | -1 | -4 | -3 | -7 | -2 | -12 | |
| 1 | 1 | 1 | 8 | -1 | -1 | -1 | 1 | -1 | 2 | 2 | 20 | |
| Net Cash Flow | 0 | -0 | 0 | 2 | -1 | 0 | 2 | -3 | -0 | 0 | 0 | 17 |
| Free Cash Flow | -1 | -1 | -1 | -6 | -0 | 1 | 3 | -2 | 2 | 2 | -7 | 1 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 89% | 169% | 12% | 535% | 18% | -355% | 364% | -23% | 122% | 137% | 9% | 100% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 125 | 119 | 99 | 182 | 186 | 80 | 89 | 156 | 142 | 101 | 99 | 96 |
| Inventory Days | 235 | 212 | 204 | 139 | 84 | 37 | 51 | 107 | 158 | 126 | 113 | 119 |
| Days Payable | 82 | 55 | 78 | 82 | 189 | 32 | 55 | 95 | 132 | 81 | 44 | 131 |
| Cash Conversion Cycle | 278 | 277 | 226 | 238 | 81 | 86 | 85 | 168 | 168 | 145 | 168 | 83 |
| Working Capital Days | 213 | 216 | 176 | 190 | 74 | 61 | 40 | 75 | 63 | 17 | 53 | 10 |
| ROCE % | -18% | -13% | -1% | -9% | 4% | -5% | 6% | 7% | 13% | 15% | 19% | 19% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Electricity Consumption per Sq. Mtr of PCB Units/Sq. Mtr |
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| Total Electricity Consumed Units |
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| Finished Goods Stock of PCB Sq. Mts. |
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| Number of Permanent Employees Count |
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| Copper Clad Laminates Consumption Sq. Mts. |
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| PCB Sales Volume Sq. Mts. |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication for unaudited Financial results for Quarter and half year ended on 30th September, 2026
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Outcome Of Board Meeting
- Board noted consolidated related party transactions for half year ended September 30, 2026.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- Second monitoring report shows no deviation in ₹34.45 crore rights issue use for quarter ended September 30, 2026.
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Announcement under Regulation 30 (LODR)-Meeting Updates
- Board noted consolidated related party transactions for half year ended September 30, 2026.
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Reg 32_Statement Of Variation And Deviation
- 86th board meeting approved Q2 and half-year FY2026 unaudited standalone and consolidated results on 6 Nov 2026.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2013
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Annual Report 2012
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Annual Report 2011
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Business Overview:[1][2]
Formed as a German joint venture with Fuba and DEG, the company currently operates without subsidiaries. Its manufacturing machinery was imported from Germany, Italy, France, the UK, and the USA.
Having fully absorbed Fuba's technology, the company independently manufactures multilayer and double-sided printed circuit boards with SMT pads. It also deals in cables, AC coils, switchgear, LED lights, and switches.