BCL Industries Ltd
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.
- Market Cap ₹ 1,615 Cr.
- Current Price ₹ 59.9
- High / Low ₹ 86.3 / 41.8
- Stock P/E 21.4
- Book Value ₹ 20.6
- Dividend Yield 0.83 %
- 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: -0.84%
- 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 43% |
5 Years: | 44% |
3 Years: | 71% |
1 Year: | 39% |
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% |
Documents
Announcements
- CERTIFICATE FROM PRACTICING COMPANY SECRETARY UNDER REG40(9) OF SEBI(LODR)REG, 2015 9 Apr
- Compliances-Reg.24(A)-Annual Secretarial Compliance 9 Apr
-
Compliance Certificate For The Period Ended 31.03.2024
5 Apr - Reg. 7(3) - Compliance Certificate (RTA & Compliance Officer).
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 5 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 29 Mar
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
Concalls
-
Feb 2024Transcript PPT
-
Feb 2024TranscriptNotesPPT
-
Nov 2023Transcript PPT
-
Sep 2023Transcript PPT
-
Aug 2023TranscriptNotesPPT
-
Jun 2023TranscriptNotesPPT
-
Jun 2023Transcript PPT REC
-
May 2023TranscriptNotesPPT
-
Feb 2023Transcript PPT
-
Feb 2023TranscriptNotesPPT
-
Dec 2022Transcript PPT
-
Nov 2022TranscriptNotesPPT
-
Oct 2022TranscriptNotesPPT
-
Aug 2022Transcript PPT
-
Jun 2022Transcript PPT
-
May 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
Mar 2022TranscriptNotesPPT
-
Jan 2022TranscriptNotesPPT
-
Nov 2021Transcript PPT
-
Aug 2021Transcript PPT
-
Aug 2021TranscriptNotesPPT
-
Jul 2021Transcript PPT
-
Jun 2021TranscriptNotesPPT
-
Jun 2021TranscriptNotesPPT
-
Mar 2021Transcript PPT
-
Feb 2021TranscriptNotesPPT
-
Nov 2020TranscriptNotesPPT
-
Sep 2020Transcript PPT
-
Jul 2020Transcript PPT
-
Feb 2020Transcript PPT
-
Dec 2019TranscriptNotesPPT
-
Nov 2019TranscriptNotesPPT
-
Aug 2019Transcript PPT
-
Jun 2019Transcript PPT
-
May 2019TranscriptNotesPPT
-
Feb 2019Transcript PPT
-
Nov 2018Transcript PPT
-
Aug 2018TranscriptNotesPPT
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.