Bengal & Assam Company Ltd

₹ 6,282 -0.76%

10 Jul - close price

bengalassam.com BSE: 533095 NSE: BENGALASM

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 NSE

Market Cap ₹ 7,164 Cr.
Current Price ₹ 6,282
High / Low ₹ 9,200 / 5,312
Stock P/E 8.63
Book Value ₹ 9,372
Dividend Yield 0.80 %
ROCE 3.96 %
ROE 8.12 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.67 times its book value

Cons

The company has delivered a poor sales growth of -25.6% over past five years.
Company has a low return on equity of 11.8% over last 3 years.
Dividend payout has been low at 5.29% of profits over last 3 years
Debtor days have increased from 46.9 to 69.0 days.
Working capital days have increased from 44.9 days to 73.5 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)

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	4,103	4,241	4,377	3,777	523	528	590	489	521	573	642	531	630
Interest	135	129	119	106	10	10	10	11	13	12	13	11	14
	3,622	3,710	3,697	3,224	413	445	432	421	428	472	451	494	576
Financing Profit	346	402	561	447	100	73	148	57	80	88	178	26	40
Financing Margin %	8%	9%	13%	12%	19%	14%	25%	12%	15%	15%	28%	5%	6%
	201	18	14	3,098	29	17	24	39	31	27	39	22	20
Depreciation	120	120	122	114	17	17	17	17	17	16	16	16	17
Profit before tax	427	299	452	3,431	111	73	154	80	93	99	201	33	44
Tax %	19%	33%	32%	11%	25%	28%	20%	29%	28%	28%	20%	22%	42%
	345	378	437	3,062	317	256	128	140	231	258	226	156	204
EPS in Rs	253.91	263.66	283.68	2,622.08	275.57	219.90	112.86	117.57	197.56	219.05	191.94	134.98	178.04
Gross NPA %
Net NPA %
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,371	1,438	1,560	1,531	12,534	11,119	10,439	13,609	16,521	12,962	2,187	2,377
Interest	84	94	93	164	574	609	504	449	488	364	44	50
	1,205	1,243	1,283	1,247	11,151	9,842	8,937	12,278	14,903	11,044	1,727	1,994
Financing Profit	82	101	183	120	809	668	998	882	1,130	1,553	417	333
Financing Margin %	6%	7%	12%	8%	6%	6%	10%	6%	7%	12%	19%	14%
	27	26	28	29	-33	-84	52	26	-7	2,929	52	109
Depreciation	34	37	40	42	367	423	428	428	456	373	68	65
Profit before tax	74	90	171	108	409	161	622	479	667	4,109	400	377
Tax %	19%	24%	24%	29%	34%	-85%	38%	35%	32%	16%	25%	25%
	178	250	345	207	457	522	678	731	1,071	4,194	755	843
EPS in Rs	199.70	279.03	382.63	231.31	415.28	402.92	450.08	555.74	830.10	3,445.53	648.25	721.95
Dividend Payout %	4%	4%	3%	4%	3%	4%	2%	3%	3%	1%	8%	7%

Compounded Sales Growth
10 Years:	5%
5 Years:	-26%
3 Years:	-48%
TTM:	9%

Compounded Profit Growth
10 Years:	13%
5 Years:	11%
3 Years:	-5%
TTM:	15%

Stock Price CAGR
10 Years:	23%
5 Years:	29%
3 Years:	9%
1 Year:	-23%

Return on Equity
10 Years:	14%
5 Years:	13%
3 Years:	12%
Last Year:	8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	9	9	9	9	11	11	11	11	11	11	11	11
Reserves	1,274	1,514	1,813	2,005	2,991	3,363	3,904	4,533	5,502	9,052	9,750	10,676
Borrowing	410	444	422	348	6,474	6,093	5,110	5,527	5,185	422	556	642
	314	328	347	416	4,734	4,833	5,418	6,155	6,527	952	1,019	1,121
Total Liabilities	2,006	2,294	2,591	2,777	14,211	14,300	14,443	16,226	17,226	10,437	11,336	12,450
	355	377	366	391	6,701	6,810	6,647	6,841	6,931	461	480	495
CWIP	9	3	20	11	287	295	328	136	232	22	26	45
Investments	1,289	1,508	1,703	1,984	1,819	2,085	2,423	2,749	3,602	9,090	9,869	10,804
	353	406	502	391	5,404	5,110	5,045	6,500	6,460	864	962	1,106
Total Assets	2,006	2,294	2,591	2,777	14,211	14,300	14,443	16,226	17,226	10,437	11,336	12,450

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	109	144	113	102	993	1,500	1,780	351	1,437	1,817	294	252
	-105	-102	54	-163	-368	-359	-177	-188	-647	-1,392	-286	-202
	-3	-37	-172	64	-567	-1,184	-1,567	-144	-778	-590	39	-30
Net Cash Flow	1	4	-5	3	58	-43	37	19	12	-165	47	21
Free Cash Flow	85	88	70	52	669	1,158	1,582	-5	957	1,246	267	161
CFO/OP	78%	87%	59%	51%	81%	123%	126%	36%	102%	111%	82%	84%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE %	19%	17%	20%	10%	15%	16%	14%	15%	19%	22%	8%	8%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Book Value of Investments (Total Portfolio)
INR crore ・Standalone data

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x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx		xx.xx	xx.xx
xx.xx	xx.xx	xx.xx		xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
xx.xx	xx.xx	xx.xx		xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx

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Dividend Income (from Subsidiaries and Associates)
INR crore ・Standalone data

Market Value of Investments (Total Portfolio)
INR crore ・Standalone data

Stake in JK Tyre & Industries Ltd
% ・Standalone data

Stake in Umang Dairies Ltd
% ・Standalone data

Stake in JK Fenner (India) Ltd
% ・Standalone data

Stake in JK Lakshmi Cement Ltd
% ・Standalone data

Stake in JK Paper Ltd
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	72.66%	72.66%	73.02%	73.02%	73.02%	73.02%	73.02%	73.02%	73.11%	72.88%	72.88%	72.87%
	3.92%	4.28%	4.31%	4.31%	4.31%	4.55%	4.57%	4.55%	4.47%	4.42%	4.43%	4.43%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%
	23.42%	23.06%	22.67%	22.67%	22.67%	22.43%	22.41%	22.41%	22.42%	22.70%	22.68%	22.69%
No. of Shareholders	20,792	20,629	20,819	21,019	21,021	21,119	20,339	20,231	20,207	27,050	26,177	25,463

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	73.96%	74.97%	74.97%	72.66%	72.66%	72.66%	72.66%	73.02%	73.02%	72.87%
	0.00%	0.00%	0.00%	0.00%	0.00%	3.53%	3.90%	4.31%	4.55%	4.43%
	3.31%	3.30%	3.30%	2.22%	1.65%	0.50%	0.06%	0.01%	0.01%	0.00%
	0.16%	0.16%	0.16%	0.12%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%
	22.57%	21.56%	21.56%	25.00%	25.57%	23.31%	23.38%	22.67%	22.41%	22.69%
No. of Shareholders	31,519	25,691	23,896	26,731	24,624	22,984	21,435	21,019	20,231	25,463

* 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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Bengal & Assam Company Ltd

Bengal & Assam Company Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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