Bulkcorp International Ltd

Bulkcorp International Ltd

₹ 50.4 -5.00%
27 Feb - close price
About

Incorporated in 2009, Bulkcorp International Ltd is in the business of manufacturing, distribution, selling and exports of the FIBC & other allied products[1]

Key Points

Business Overview:[1]
BIL is an ISO certified company by INTERTEK. It manufactures food-grade bags with an international-standard clean-room facility and a range of packaging solutions like FIBC (Jumbo Bags) and container liners, which are currently used in various industries, including fertilizer, cement, sand, food grains, sugar, cattle feed, fish meal, pulses, spices, dates, agricultural products, minerals, resin, polymers, rubber, etc.

  • Market Cap 37.8 Cr.
  • Current Price 50.4
  • High / Low 94.6 / 50.0
  • Stock P/E 9.63
  • Book Value 43.6
  • Dividend Yield 0.00 %
  • ROCE 21.4 %
  • ROE 17.4 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.15 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.2%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Working capital days have increased from 56.2 days to 140 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.

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Half Yearly Results

Figures in Rs. Crores

Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025
17.60 27.56 26.15 34.24 33.43
16.33 24.19 23.60 31.11 30.24
Operating Profit 1.27 3.37 2.55 3.13 3.19
OPM % 7.22% 12.23% 9.75% 9.14% 9.54%
0.65 0.69 0.34 0.55 0.38
Interest 0.17 0.42 0.41 0.55 0.70
Depreciation 0.30 0.33 0.39 0.45 0.43
Profit before tax 1.45 3.31 2.09 2.68 2.44
Tax % 25.52% 26.28% 33.49% 20.52% 26.23%
1.07 2.43 1.39 2.13 1.80
EPS in Rs 5.91 4.39 1.85 2.83 2.40
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
31.39 48.42 38.47 45.17 60.38 67.67
29.49 45.71 36.05 40.55 54.70 61.35
Operating Profit 1.90 2.71 2.42 4.62 5.68 6.32
OPM % 6.05% 5.60% 6.29% 10.23% 9.41% 9.34%
0.38 0.77 0.49 1.34 0.89 0.93
Interest 0.44 0.69 0.61 0.58 0.96 1.25
Depreciation 0.50 0.54 0.58 0.64 0.84 0.88
Profit before tax 1.34 2.25 1.72 4.74 4.77 5.12
Tax % 52.99% 23.56% 29.07% 26.16% 26.21%
0.64 1.73 1.21 3.50 3.52 3.93
EPS in Rs 3.54 9.56 6.69 6.32 4.68 5.23
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 8%
TTM: 26%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 27%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -16%
Return on Equity
10 Years: %
5 Years: 29%
3 Years: 26%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 1.81 1.81 1.81 5.54 7.51 7.51
Reserves 0.07 1.76 2.97 3.83 23.49 25.29
6.49 8.89 5.42 6.35 6.78 10.23
11.39 9.31 7.45 16.65 5.07 6.68
Total Liabilities 19.76 21.77 17.65 32.37 42.85 49.71
5.97 5.73 5.63 5.70 8.31 8.09
CWIP 0.00 0.07 0.00 1.78 0.92 3.24
Investments 0.00 0.00 0.00 0.00 0.00 0.00
13.79 15.97 12.02 24.89 33.62 38.38
Total Assets 19.76 21.77 17.65 32.37 42.85 49.71

Cash Flows

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0.03 -1.22 3.70 1.37 -14.66
-0.18 -0.49 -0.41 -2.48 -2.59
0.04 1.72 -4.08 1.14 17.94
Net Cash Flow -0.12 0.01 -0.79 0.03 0.68

Ratios

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 61.28 58.50 55.98 85.98 86.50
Inventory Days 96.94 56.61 64.61 119.92 119.73
Days Payable 187.25 84.91 89.99 170.96 28.28
Cash Conversion Cycle -29.04 30.19 30.60 34.93 177.96
Working Capital Days -11.98 6.48 1.14 27.80 139.52
ROCE % 28.23% 20.56% 41.05% 21.42%

Insights

In beta
Mar 2023Oct 2024Nov 2025
Export Revenue Contribution
%

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Trade Receivables Turnover Ratio
Times
Capacity Utilization
%
Installed Production Capacity
MTPA
Food-Grade Bags as % of Product Volume
%
Installed Solar Power Capacity
KW
Skilled Workforce Strength
Number

Shareholding Pattern

Numbers in percentages

Sep 2024Mar 2025Sep 2025
72.26% 72.26% 72.26%
0.96% 0.00% 0.00%
6.88% 8.92% 8.92%
19.90% 18.81% 18.81%
No. of Shareholders 680605541

* 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.

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