Bengal & Assam Company Ltd

Bengal & Assam Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bengal & Assam Company Ltd

₹ 7,532 -1.33%
12 Jun - close price
bengalassam.com BSE: 533095
About

Bengal & Assam Company Limited is a Core Investment Company registered with the RBI. Its objective is to hold investments in its subsidiaries, other group companies, money market mutual funds etc., as prescribed by the RBI. [1]

Key Points

Holding Company
BACL majorly holds investments in almost all the group companies of the JK group, which was founded in the year 1918. BACL held ~97% of its total assets in the form of investments in equity share and preference share capital, subsidiaries and group companies, listed companies, and unlisted companies as of FY23. The company has a notable stake in prominent group companies, including JK Lakshmi Cement Ltd, JK Tyre & Industries Ltd., JK Fenner (India) Ltd., JK Paper Ltd, JK Agri Genetics Ltd., Umang Dairies Ltd., and Divyashree Company Ltd. [1]

Website BSE
  • Market Cap ₹ 8,509 Cr.
  • Current Price ₹ 7,532
  • High / Low ₹ 11,499 / 6,220
  • Stock P/E 74.3
  • Book Value ₹ 1,027
  • Dividend Yield 0.53 %
  • ROCE 11.5 %
  • ROE 10.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 37.2%

Cons

  • Stock is trading at 7.34 times its book value
  • The company has delivered a poor sales growth of -2.24% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 10.7% over last 3 years.

* 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

Financial Services Financial Services Finance Non Banking Financial Company (NBFC)

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
11 2 97 2 43 2 85 2 63 3 121 4 29
2 1 3 1 2 1 4 2 3 1 4 2 19
Operating Profit 9 0 94 1 41 1 82 0 59 2 118 2 10
OPM % 80% 28% 97% 32% 95% 39% 96% 3% 95% 56% 97% 60% 34%
2 2 3 2 23 2 2 2 2 2 2 3 2
Interest 5 5 4 4 4 3 3 2 2 2 2 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 5 -3 92 -1 60 -1 80 -1 59 2 118 4 11
Tax % 15% 16% 18% 43% 14% 11% 16% 23% 15% -6% 16% 37% -2%
5 -3 76 -2 51 -1 67 -1 50 2 99 3 11
EPS in Rs 4.00 -2.71 67.08 -1.68 45.17 -0.83 59.28 -0.66 44.68 1.65 87.79 2.40 9.53
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
20 33 42 43 42 69 176 57 103 144 153 157
36 3 3 4 5 5 9 6 7 8 11 25
Operating Profit -16 30 39 40 37 64 167 51 96 136 142 131
OPM % -79% 90% 92% 92% 88% 93% 95% 89% 93% 94% 93% 84%
77 5 5 6 6 6 7 7 7 29 7 9
Interest 13 13 19 23 14 31 43 34 26 17 11 6
Depreciation 0 0 0 0 0 0 1 1 1 1 1 1
Profit before tax 47 22 24 22 28 38 130 24 76 148 138 134
Tax % 17% 5% 4% -3% -1% -1% 4% 1% 20% 17% 16% 15%
39 21 23 23 29 39 125 23 61 122 116 115
EPS in Rs 45.13 23.68 26.46 26.53 32.89 44.83 110.97 20.59 54.25 107.87 102.47 101.37
Dividend Payout % 11% 30% 38% 38% 30% 21% 14% 36% 28% 23% 39% 49%
Compounded Sales Growth
10 Years: 17%
5 Years: -2%
3 Years: 15%
TTM: 3%
Compounded Profit Growth
10 Years: 19%
5 Years: -2%
3 Years: 23%
TTM: -1%
Stock Price CAGR
10 Years: 31%
5 Years: 43%
3 Years: 43%
1 Year: -12%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 11%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 9 9 9 9 9 8 11 11 11 11 11 11
Reserves 315 330 344 367 387 698 791 824 883 989 1,077 1,148
99 154 194 194 126 547 432 404 260 168 100 79
8 10 4 4 5 16 17 16 18 19 19 23
Total Liabilities 431 502 552 574 526 1,269 1,251 1,256 1,173 1,187 1,208 1,263
18 18 18 17 17 26 25 25 24 24 23 23
CWIP 0 0 0 0 2 0 0 0 0 0 0 0
Investments 392 396 418 457 450 1,184 1,188 1,200 1,136 1,150 1,171 1,230
21 88 116 100 57 59 38 31 12 13 14 9
Total Assets 431 502 552 574 526 1,269 1,251 1,256 1,173 1,187 1,208 1,263

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
15 28 36 39 44 71 149 41 85 108 117 117
65 -65 -39 -20 46 -231 39 20 91 18 -10 -46
-81 38 7 -22 -90 160 -187 -62 -179 -126 -107 -72
Net Cash Flow -1 0 4 -3 0 1 1 -0 -3 0 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 8
Inventory Days 0
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 0 0 0 8
Working Capital Days -245 9 112 43 -173 89 32 105 7 12 12 -11
ROCE % -3% 8% 8% 8% 8% 8% 14% 5% 9% 12% 13% 12%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 73.02% 73.02% 73.02% 73.02% 73.02% 73.02%
3.89% 3.89% 3.89% 3.90% 3.92% 4.28% 4.31% 4.31% 4.31% 4.55% 4.57% 4.55%
0.50% 0.37% 0.07% 0.06% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
22.95% 23.09% 23.38% 23.38% 23.42% 23.06% 22.67% 22.67% 22.67% 22.43% 22.41% 22.41%
No. of Shareholders 22,66522,34521,60221,43520,79220,62920,81921,01921,02121,11920,33920,231

* 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.

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