Bengal & Assam Company Ltd
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]
- Market Cap ₹ 10,054 Cr.
- Current Price ₹ 8,900
- High / Low ₹ 10,635 / 6,220
- Stock P/E 13.9
- Book Value ₹ 8,641
- Dividend Yield 0.56 %
- ROCE 4.22 %
- ROE 7.64 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.03 times its book value
Cons
- The company has delivered a poor sales growth of -27.8% over past five years.
- Dividend payout has been low at 3.99% of profits over last 3 years
- Debtor days have increased from 42.7 to 62.2 days.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,251 | 1,371 | 1,438 | 1,560 | 1,531 | 12,534 | 11,119 | 10,439 | 13,609 | 16,521 | 12,962 | 2,187 | 2,173 | |
1,133 | 1,205 | 1,243 | 1,283 | 1,247 | 11,151 | 9,842 | 8,937 | 12,278 | 14,903 | 11,044 | 1,727 | 1,754 | |
Operating Profit | 118 | 166 | 195 | 277 | 284 | 1,383 | 1,278 | 1,502 | 1,330 | 1,618 | 1,918 | 460 | 419 |
OPM % | 9% | 12% | 14% | 18% | 19% | 11% | 11% | 14% | 10% | 10% | 15% | 21% | 19% |
101 | 27 | 26 | 28 | 29 | -33 | -84 | 52 | 26 | -7 | 2,929 | 52 | 121 | |
Interest | 86 | 84 | 94 | 93 | 164 | 574 | 609 | 504 | 449 | 488 | 364 | 44 | 47 |
Depreciation | 33 | 34 | 37 | 40 | 42 | 367 | 423 | 428 | 428 | 456 | 373 | 68 | 68 |
Profit before tax | 99 | 74 | 90 | 171 | 108 | 409 | 161 | 622 | 479 | 667 | 4,109 | 400 | 426 |
Tax % | 22% | 19% | 24% | 24% | 29% | 34% | -85% | 38% | 35% | 32% | 16% | 25% | |
77 | 178 | 250 | 345 | 207 | 457 | 522 | 678 | 731 | 1,071 | 4,194 | 755 | 757 | |
EPS in Rs | 83.65 | 199.70 | 279.03 | 382.63 | 231.31 | 415.28 | 402.92 | 450.08 | 555.74 | 830.10 | 3,445.53 | 648.25 | 647.47 |
Dividend Payout % | 6% | 4% | 4% | 3% | 4% | 3% | 4% | 2% | 3% | 3% | 1% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | -28% |
3 Years: | -46% |
TTM: | -76% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 7% |
3 Years: | 5% |
TTM: | -46% |
Stock Price CAGR | |
---|---|
10 Years: | 34% |
5 Years: | 49% |
3 Years: | 41% |
1 Year: | -11% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 15% |
3 Years: | 15% |
Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
Reserves | 522 | 1,274 | 1,514 | 1,813 | 2,005 | 2,991 | 3,363 | 3,904 | 4,533 | 5,502 | 9,052 | 9,750 |
371 | 410 | 444 | 422 | 348 | 6,474 | 6,093 | 5,110 | 5,527 | 5,185 | 422 | 556 | |
303 | 314 | 328 | 347 | 416 | 4,734 | 4,833 | 5,418 | 6,155 | 6,527 | 952 | 1,019 | |
Total Liabilities | 1,205 | 2,006 | 2,294 | 2,591 | 2,777 | 14,211 | 14,300 | 14,443 | 16,226 | 17,226 | 10,437 | 11,336 |
376 | 355 | 377 | 366 | 391 | 6,701 | 6,810 | 6,647 | 6,841 | 6,931 | 461 | 480 | |
CWIP | 4 | 9 | 3 | 20 | 11 | 287 | 295 | 328 | 136 | 232 | 22 | 26 |
Investments | 564 | 1,289 | 1,508 | 1,703 | 1,984 | 1,819 | 2,085 | 2,423 | 2,749 | 3,602 | 9,090 | 9,869 |
261 | 353 | 406 | 502 | 391 | 5,404 | 5,110 | 5,045 | 6,500 | 6,460 | 864 | 962 | |
Total Assets | 1,205 | 2,006 | 2,294 | 2,591 | 2,777 | 14,211 | 14,300 | 14,443 | 16,226 | 17,226 | 10,437 | 11,336 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
139 | 109 | 144 | 113 | 102 | 993 | 1,500 | 1,780 | 351 | 1,437 | 1,817 | 294 | |
44 | -105 | -102 | 54 | -163 | -368 | -359 | -177 | -188 | -647 | -1,392 | -286 | |
-183 | -3 | -37 | -172 | 64 | -567 | -1,184 | -1,567 | -144 | -778 | -590 | 39 | |
Net Cash Flow | -0 | 1 | 4 | -5 | 3 | 58 | -43 | 37 | 19 | 12 | -165 | 47 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 34 | 34 | 32 | 29 | 32 | 65 | 67 | 63 | 61 | 57 | 9 | 62 |
Inventory Days | 23 | 24 | 25 | 27 | 28 | 89 | 102 | 120 | 114 | 91 | 20 | 136 |
Days Payable | 28 | 30 | 32 | 32 | 30 | 81 | 99 | 101 | 96 | 70 | 9 | 71 |
Cash Conversion Cycle | 29 | 28 | 26 | 24 | 30 | 73 | 70 | 81 | 79 | 78 | 20 | 128 |
Working Capital Days | -16 | -20 | -8 | 22 | -3 | 9 | 51 | 40 | 51 | 42 | 9 | 52 |
ROCE % | 12% | 12% | 10% | 12% | 11% | 15% | 8% | 10% | 8% | 10% | 14% | 4% |
Documents
Announcements
- Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011 9 Sep
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Sep - Newspaper Advertisement regarding 78th Annual General Meeting of the Company
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Business Responsibility and Sustainability Reporting (BRSR)
5 Sep - Filed FY2024-25 Business Responsibility & Sustainability Report; stamp duty dispute Rs10.73 crore restrained till Dec 12, 2025.
- Reg. 34 (1) Annual Report. 5 Sep
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Notice Of 78Th Annual General Meeting
5 Sep - 78th AGM on 29 Sep 2025; Board recommends Rs50/share dividend; record date 22 Sep; e-voting 26-28 Sep.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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]