BCL Industries Ltd

BCL Industries Ltd

₹ 57.3 -0.26%
19 Apr - close price
About

BCL Industries Limited is one of India’s largest agro-processing manufacturing companies with diverse businesses and vertical integrations. Established in 1976, BCL Industries Limited is engaged in Edible Oils, Rice Milling, grain-based Distillery and Real Estate. It is present in Punjab and West Bengal.

Key Points

Business Segments[1]
BCL is one of the largest agro processing company in North India. They operate in 3 segments:
Edible Oil and Vanaspati: Manufactures Vanaspati, Refined oil, and oil & solvent extraction from seeds and rice.
Distillery: Manufactures Ethanol, Extra Neutral Alcohol (ENA) and bottling of liquor in Punjab.
Real Estate: Undertook two large real estate projects in Bhatinda, Punjab.

  • Market Cap 1,545 Cr.
  • Current Price 57.3
  • High / Low 86.3 / 41.7
  • Stock P/E 20.4
  • Book Value 20.6
  • Dividend Yield 0.87 %
  • ROCE 15.2 %
  • ROE 17.8 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 32.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.2%
  • Debtor days have improved from 22.9 to 15.4 days.

Cons

  • Promoter holding has decreased over last quarter: -3.49%
  • Company might be capitalizing the interest cost

* 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.

Peer comparison

Sector: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
398 430 449 462 563 506 375 425 449 383 333 366 473
378 403 423 431 529 468 345 417 412 345 309 337 434
Operating Profit 20 26 26 31 35 39 30 8 36 38 24 29 38
OPM % 5% 6% 6% 7% 6% 8% 8% 2% 8% 10% 7% 8% 8%
2 1 2 1 5 3 2 3 2 1 2 2 2
Interest 4 4 2 2 4 5 4 -0 1 3 1 4 5
Depreciation 3 3 3 4 3 4 4 4 4 4 4 6 6
Profit before tax 15 21 22 27 32 33 24 7 33 32 20 22 29
Tax % 27% 29% 24% 22% 24% 30% 25% 23% 25% 26% 23% 41% 16%
11 15 17 21 24 23 18 6 25 23 15 13 24
EPS in Rs 0.45 0.60 0.70 0.87 1.00 0.95 0.74 0.23 1.04 0.97 0.63 0.51 0.90
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
519 557 619 662 518 642 844 890 913 1,427 1,988 1,632 1,555
501 534 591 625 493 605 797 817 857 1,358 1,850 1,519 1,426
Operating Profit 18 22 29 37 26 37 47 74 56 69 138 112 129
OPM % 3% 4% 5% 6% 5% 6% 6% 8% 6% 5% 7% 7% 8%
2 4 4 6 5 5 7 8 7 28 8 7 7
Interest 10 14 14 24 14 21 21 19 15 23 18 7 13
Depreciation 2 7 11 8 8 9 11 11 13 13 15 15 21
Profit before tax 7 5 8 10 9 11 22 52 35 61 114 96 102
Tax % 26% 174% 22% 32% 27% 14% 18% 20% 26% 26% 25% 25%
5 -3 6 7 6 10 18 41 26 45 85 72 76
EPS in Rs 0.34 -0.24 0.42 0.49 0.46 0.69 1.17 2.38 1.36 1.87 3.52 2.99 3.01
Dividend Payout % 0% 0% 12% 20% 0% 14% 0% 5% 0% 27% 14% 17%
Compounded Sales Growth
10 Years: 11%
5 Years: 14%
3 Years: 21%
TTM: -11%
Compounded Profit Growth
10 Years: 38%
5 Years: 32%
3 Years: 41%
TTM: 6%
Stock Price CAGR
10 Years: 42%
5 Years: 43%
3 Years: 68%
1 Year: 32%
Return on Equity
10 Years: 17%
5 Years: 20%
3 Years: 20%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 14 14 14 14 14 16 17 19 24 24 24 25
Reserves 62 60 63 69 75 84 116 166 199 266 346 416 527
137 159 167 170 180 217 222 187 173 179 210 338 369
79 93 81 109 123 166 135 185 207 159 111 208 131
Total Liabilities 293 326 325 362 392 481 489 555 599 628 691 986 1,052
20 111 103 100 93 85 136 138 129 125 146 155 379
CWIP 76 0 0 0 9 54 0 0 0 0 29 203 2
Investments 9 9 9 4 4 25 33 35 36 35 44 46 68
188 207 213 259 287 317 320 382 434 468 473 581 603
Total Assets 293 326 325 362 392 481 489 555 599 628 691 986 1,052

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-8 3 19 22 9 43 10 67 20 -3 106 77
-61 -23 -5 2 -9 -45 -38 -13 -5 -8 -103 -261
65 19 -14 -23 -3 16 14 -45 -20 9 7 169
Net Cash Flow -4 -1 0 2 -3 13 -14 8 -5 -2 10 -14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 29 11 9 11 21 27 18 34 14 34 19 15
Inventory Days 108 136 133 154 235 169 142 138 165 75 43 82
Days Payable 18 34 42 59 92 93 55 79 76 30 17 33
Cash Conversion Cycle 119 112 99 106 164 102 106 93 103 80 44 65
Working Capital Days 79 74 83 80 124 85 83 80 86 80 60 96
ROCE % 10% 8% 9% 13% 8% 11% 13% 19% 13% 20% 25% 15%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.36% 61.36% 61.36% 61.36% 61.36% 61.36% 61.36% 61.13% 61.36% 60.41% 56.92% 56.08%
0.00% 0.00% 0.00% 0.04% 0.08% 0.06% 0.00% 0.41% 0.00% 1.66% 5.88% 6.41%
0.31% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
38.33% 38.64% 38.64% 38.59% 38.55% 38.57% 38.63% 38.45% 38.64% 37.92% 37.21% 37.52%
No. of Shareholders 18,28120,85720,57426,97526,95627,10726,82123,80525,05128,19573,11392,001

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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