Bengal & Assam Company Ltd

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

Bengal & Assam Company Ltd

₹ 7,634 -0.53%
11 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 ₹ 8,624 Cr.
  • Current Price ₹ 7,634
  • High / Low ₹ 11,499 / 6,220
  • Stock P/E 11.9
  • Book Value ₹ 8,634
  • Dividend Yield 0.52 %
  • ROCE 4.28 %
  • ROE 7.69 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.88 times its book value

Cons

  • The company has delivered a poor sales growth of -26.8% over past five years.
  • Dividend payout has been low at 3.96% of profits over last 3 years
  • Debtor days have increased from 43.3 to 64.0 days.
  • Working capital days have increased from 43.1 days to 78.3 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.

Peer comparison

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

Part of BSE SmallCap BSE Allcap BSE Financial Services

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
3,702 4,167 4,228 3,993 4,103 4,241 4,377 3,777 523 528 590 489 521
3,445 3,814 3,847 3,619 3,622 3,710 3,697 3,224 413 445 432 421 428
Operating Profit 257 353 381 374 481 531 680 553 110 83 157 68 93
OPM % 7% 8% 9% 9% 12% 13% 16% 15% 21% 16% 27% 14% 18%
191 149 99 191 201 18 14 3,098 29 17 24 39 31
Interest 109 107 117 129 135 129 119 106 10 10 10 11 13
Depreciation 108 112 110 114 120 120 122 114 17 17 17 17 17
Profit before tax 232 283 252 322 427 299 452 3,431 111 73 154 80 93
Tax % 8% 14% 17% 16% 19% 33% 32% 11% 25% 28% 20% 29% 28%
214 244 210 272 345 378 437 3,062 317 256 128 140 231
EPS in Rs 172.26 195.57 168.24 212.38 253.91 263.66 283.68 2,622.08 275.57 219.90 113.29 117.57 197.25
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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
1,251 1,371 1,438 1,560 1,531 12,534 10,122 10,439 13,609 16,521 12,962 2,128
1,133 1,205 1,243 1,283 1,247 11,151 8,858 8,937 12,278 14,903 11,044 1,727
Operating Profit 118 166 195 277 284 1,383 1,263 1,502 1,330 1,618 1,918 401
OPM % 9% 12% 14% 18% 19% 11% 12% 14% 10% 10% 15% 19%
101 27 26 28 29 -33 -76 52 26 -7 2,929 111
Interest 86 84 94 93 164 574 608 504 449 488 364 44
Depreciation 33 34 37 40 42 367 420 428 428 456 373 68
Profit before tax 99 74 90 171 108 409 159 622 479 667 4,109 400
Tax % 22% 19% 24% 24% 29% 34% -87% 38% 35% 32% 16% 25%
77 178 250 345 207 457 522 678 731 1,071 4,194 755
EPS in Rs 83.65 199.70 279.03 382.63 231.31 415.28 402.92 450.08 555.74 830.10 3,445.00 648.01
Dividend Payout % 6% 4% 4% 3% 4% 3% 4% 2% 3% 3% 1% 8%
Compounded Sales Growth
10 Years: 4%
5 Years: -27%
3 Years: -46%
TTM: -84%
Compounded Profit Growth
10 Years: 15%
5 Years: 7%
3 Years: 5%
TTM: -55%
Stock Price CAGR
10 Years: 31%
5 Years: 43%
3 Years: 43%
1 Year: -9%
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 9,044 9,742
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 6,527 960 1,058
Total Liabilities 1,205 2,006 2,294 2,591 2,777 14,211 14,300 14,443 16,226 17,226 10,437 11,368
376 355 377 366 391 6,701 6,810 6,647 6,841 6,931 461 497
CWIP 4 9 3 20 11 287 295 328 136 232 22 8
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 6,460 864 993
Total Assets 1,205 2,006 2,294 2,591 2,777 14,211 14,300 14,443 16,226 17,226 10,437 11,368

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 1,499 1,780 351 1,437 1,817 294
44 -105 -102 54 -163 -368 -348 -177 -188 -647 -1,392 -286
-183 -3 -37 -172 64 -567 -1,191 -1,567 -144 -778 -590 39
Net Cash Flow -0 1 4 -5 3 58 -39 37 19 12 -165 48

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 73 63 61 57 9 64
Inventory Days 23 24 25 27 28 89 118 120 114 91 20 137
Days Payable 28 30 32 32 30 81 114 101 96 70 9 71
Cash Conversion Cycle 29 28 26 24 30 73 77 81 79 78 20 130
Working Capital Days 11 13 16 40 16 61 56 40 51 42 9 78
ROCE % 12% 12% 10% 12% 11% 15% 8% 10% 8% 10% 14% 4%

Shareholding Pattern

Numbers in percentages

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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