Orissa Bengal Carrier Ltd
Incorporated in 1994, Odisha-Bengal Carrier Ltd is engaged in Transportation & Logistics business[1]
- Market Cap ₹ 117 Cr.
- Current Price ₹ 55.7
- High / Low ₹ 64.8 / 46.2
- Stock P/E
- Book Value ₹ 41.9
- Dividend Yield 0.00 %
- ROCE 4.14 %
- ROE 0.92 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 59.6 days to 46.5 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -4.75% over past five years.
- Company has a low return on equity of 2.60% over last 3 years.
- Contingent liabilities of Rs.132 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
Services Services Transport Services Logistics Solution Provider
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 135 | 206 | 220 | 213 | 384 | 488 | 389 | 339 | 303 | 367 | 333 | 305 | 300 | |
| 130 | 201 | 215 | 202 | 369 | 467 | 370 | 326 | 292 | 359 | 326 | 295 | 293 | |
| Operating Profit | 6 | 5 | 6 | 11 | 15 | 21 | 19 | 13 | 12 | 8 | 7 | 10 | 7 |
| OPM % | 4% | 3% | 3% | 5% | 4% | 4% | 5% | 4% | 4% | 2% | 2% | 3% | 2% |
| 0 | 1 | 2 | 1 | 2 | 2 | 1 | 1 | 3 | 1 | 2 | 1 | 1 | |
| Interest | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 2 | 2 | 1 | 1 | 3 | 5 |
| Depreciation | 4 | 3 | 2 | 3 | 5 | 5 | 5 | 4 | 3 | 3 | 3 | 5 | 5 |
| Profit before tax | 0 | 1 | 3 | 6 | 10 | 15 | 12 | 8 | 11 | 5 | 5 | 2 | -3 |
| Tax % | 33% | 31% | 38% | 33% | 34% | 29% | 25% | 26% | 26% | 27% | 32% | 47% | |
| 0 | 1 | 2 | 4 | 6 | 11 | 9 | 6 | 8 | 4 | 4 | 1 | -3 | |
| EPS in Rs | 1.29 | 5.34 | 10.56 | 22.79 | 4.11 | 5.05 | 4.41 | 2.75 | 3.71 | 1.74 | 1.75 | 0.51 | -1.53 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | 10% | 11% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -5% |
| 3 Years: | 0% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | -38% |
| 3 Years: | -51% |
| TTM: | -277% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | -16% |
| 1 Year: | -9% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 5% |
| 3 Years: | 3% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 16 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
| Reserves | 18 | 21 | 22 | 27 | 19 | 40 | 48 | 53 | 61 | 65 | 68 | 69 | 67 |
| 17 | 19 | 24 | 28 | 33 | 28 | 28 | 28 | 9 | 2 | 14 | 52 | 54 | |
| 12 | 20 | 20 | 20 | 39 | 27 | 16 | 20 | 11 | 11 | 11 | 12 | 13 | |
| Total Liabilities | 48 | 61 | 68 | 76 | 107 | 116 | 113 | 122 | 102 | 98 | 114 | 154 | 156 |
| 9 | 7 | 10 | 13 | 15 | 16 | 14 | 10 | 6 | 8 | 17 | 29 | 36 | |
| CWIP | -0 | -0 | -0 | 1 | 1 | -0 | 0 | 0 | -0 | -0 | 2 | 2 | 2 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 2 | 6 | 13 | 15 |
| 39 | 54 | 57 | 62 | 91 | 100 | 99 | 112 | 96 | 88 | 89 | 110 | 102 | |
| Total Assets | 48 | 61 | 68 | 76 | 107 | 116 | 113 | 122 | 102 | 98 | 114 | 154 | 156 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 7 | 6 | 6 | 5 | -2 | 6 | 4 | 27 | 4 | 7 | 2 | |
| -5 | -1 | -6 | -6 | -6 | -5 | -3 | 1 | 3 | -5 | -19 | -38 | |
| 3 | -5 | 2 | -1 | 1 | 7 | -4 | -3 | -21 | -9 | 10 | 35 | |
| Net Cash Flow | 0 | 0 | 1 | -1 | -0 | 0 | -0 | 1 | 9 | -10 | -2 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 99 | 90 | 82 | 92 | 78 | 68 | 84 | 103 | 74 | 65 | 78 | 91 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 99 | 90 | 82 | 92 | 78 | 68 | 84 | 103 | 74 | 65 | 78 | 91 |
| Working Capital Days | 68 | 56 | 38 | 46 | 30 | 39 | 56 | 64 | 67 | 63 | 69 | 46 |
| ROCE % | 6% | 10% | 14% | 19% | 22% | 16% | 10% | 12% | 6% | 6% | 4% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 19 Nov
-
Announcement under Regulation 30 (LODR)-Updates on Acquisition
19 Nov - MD-promoter Ravi Agrawal acquired 50,000 shares (≈0.24%) on-market on 17 Nov 2025.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Nov
-
Financial Results Of The Company For The Quarter And Half Year Ended September 30 2025
14 Nov - Board approved unaudited Q2/H1 FY2026 results; H1 consolidated revenue ₹17,146.80 lakh, consolidated loss ₹19.35 lakh.
-
Board Meeting Outcome for Meeting Held On Friday, November 14, 2025
14 Nov - Board approved Q2/H1 results ended 30 Sep 2025; consolidated H1 revenue Rs17,146.80 lakh; H1 loss Rs19.35 lakh.
Business Overview:[1][2][3]
OBCL is in the transportation business and deals in bulk transportation up to 1 lakh ton per annum. It provides services including transportation services, third party logistics, warehousing, full truck load (FTL), Parcel and part truck load services, less than Truck load (LTL), etc. Company has a pan-India surface logistics distribution network having 40 branches spread in various parts of India.