Bengal & Assam Company Ltd

Bengal & Assam Company Ltd

₹ 8,062 -1.24%
19 Apr - close price
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]

  • Market Cap 9,107 Cr.
  • Current Price 8,062
  • High / Low 10,389 / 3,503
  • Stock P/E 6.70
  • Book Value 5,401
  • Dividend Yield 0.31 %
  • ROCE 9.76 %
  • ROE 19.0 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 36.8% CAGR over last 5 years

Cons

  • Earnings include an other income of Rs.3,639 Cr.

* 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: Finance Industry: Finance & Investments

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
3,100 3,318 3,021 3,380 3,473 3,702 4,167 4,228 3,993 4,103 4,241 4,377 3,777
2,547 2,835 2,666 3,002 3,165 3,445 3,814 3,847 3,619 3,622 3,710 3,697 3,224
Operating Profit 553 483 355 377 307 257 353 381 374 481 531 680 553
OPM % 18% 15% 12% 11% 9% 7% 8% 9% 9% 12% 13% 16% 15%
134 165 110 58 118 191 149 99 191 201 196 144 3,098
Interest 115 115 117 115 108 109 107 117 129 135 129 119 106
Depreciation 109 105 107 107 106 108 112 110 114 120 120 122 114
Profit before tax 463 429 241 212 212 232 283 252 322 427 478 583 3,431
Tax % 27% 21% 20% 28% 19% 8% 14% 17% 16% 19% 21% 25% 11%
338 337 193 153 170 214 244 210 272 345 378 437 3,062
EPS in Rs 199.61 213.57 143.60 111.33 128.55 172.26 195.57 168.24 212.38 253.91 263.66 283.68 2,622.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,032 1,144 1,251 1,371 1,438 1,560 1,531 12,534 10,122 10,439 13,609 16,521 16,498
937 1,000 1,133 1,205 1,243 1,283 1,247 11,151 8,858 8,937 12,278 14,903 14,253
Operating Profit 95 144 118 166 195 277 284 1,383 1,263 1,502 1,330 1,618 2,245
OPM % 9% 13% 9% 12% 14% 18% 19% 11% 12% 14% 10% 10% 14%
12 29 101 27 26 28 29 -33 -76 52 26 -7 3,639
Interest 41 91 86 84 94 93 164 574 608 504 449 488 489
Depreciation 25 32 33 34 37 40 42 367 420 428 428 456 476
Profit before tax 41 49 99 74 90 171 108 409 159 622 479 667 4,918
Tax % 18% 22% 22% 19% 24% 24% 29% 34% -87% 38% 35% 32%
33 38 77 178 250 345 207 457 522 678 731 1,071 4,222
EPS in Rs 35.05 40.19 83.65 199.70 279.03 382.63 231.31 415.28 402.92 450.08 555.74 830.10 3,423.33
Dividend Payout % 11% 10% 6% 4% 4% 3% 4% 3% 4% 2% 3% 3%
Compounded Sales Growth
10 Years: 31%
5 Years: 61%
3 Years: 18%
TTM: 3%
Compounded Profit Growth
10 Years: 39%
5 Years: 37%
3 Years: 24%
TTM: 52%
Stock Price CAGR
10 Years: 38%
5 Years: 37%
3 Years: 82%
1 Year: 124%
Return on Equity
10 Years: 16%
5 Years: 16%
3 Years: 16%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 9 9 9 9 9 9 9 11 11 11 11 11 11
Reserves 416 455 522 1,274 1,514 1,813 2,005 2,991 3,363 3,904 4,533 5,502 6,090
489 483 371 410 444 422 348 6,474 6,093 5,110 5,527 5,185 4,747
274 294 303 314 328 347 416 4,734 4,833 5,418 6,155 6,527 7,325
Total Liabilities 1,188 1,241 1,205 2,006 2,294 2,591 2,777 14,211 14,300 14,443 16,226 17,226 18,173
371 395 376 355 377 366 391 6,701 6,810 6,647 6,841 6,931 6,919
CWIP 9 4 4 9 3 20 11 287 295 328 136 232 478
Investments 538 578 564 1,289 1,508 1,703 1,984 1,819 2,085 2,423 2,749 3,602 3,980
270 264 261 353 406 502 391 5,404 5,110 5,045 6,500 6,460 6,796
Total Assets 1,188 1,241 1,205 2,006 2,294 2,591 2,777 14,211 14,300 14,443 16,226 17,226 18,173

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
159 128 139 109 144 113 102 993 1,499 1,780 351 1,437
-377 -64 44 -105 -102 54 -163 -368 -348 -177 -188 -647
230 -77 -183 -3 -37 -172 64 -567 -1,191 -1,567 -144 -778
Net Cash Flow 12 -14 -0 1 4 -5 3 58 -39 37 19 12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 37 39 34 34 32 29 32 65 73 63 61 57
Inventory Days 27 24 23 24 25 27 28 89 118 120 114 91
Days Payable 29 22 28 30 32 32 30 81 114 101 96 70
Cash Conversion Cycle 35 41 29 28 26 24 30 73 77 81 79 78
Working Capital Days -11 20 11 13 16 40 16 61 56 40 51 42
ROCE % 9% 14% 12% 12% 10% 12% 11% 15% 8% 10% 8% 10%

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 73.02% 73.02%
0.00% 0.00% 0.00% 3.53% 3.89% 3.89% 3.89% 3.90% 3.92% 4.28% 4.31% 4.31%
1.11% 0.52% 0.50% 0.50% 0.50% 0.37% 0.07% 0.06% 0.01% 0.01% 0.01% 0.01%
0.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
26.15% 26.82% 26.84% 23.31% 22.95% 23.09% 23.38% 23.38% 23.42% 23.06% 22.67% 22.67%
No. of Shareholders 24,79224,35223,64322,98422,66522,34521,60221,43520,79220,62920,81921,019

* 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