Orissa Bengal Carrier Ltd
Incorporated in 1994, Odisha-Bengal Carrier Ltd is engaged in Transportation & Logistics business[1]
- Market Cap ₹ 113 Cr.
- Current Price ₹ 54.0
- High / Low ₹ 64.8 / 44.0
- 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: | 15% |
| 3 Years: | -11% |
| 1 Year: | -2% |
| 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
-
Board Meeting Intimation for Meeting To Be Held On Saturday, February 14, 2026
7 Feb - Board meeting on Feb 14, 2026 to approve unaudited Q3/9M results (ended Dec 31, 2025).
- Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Jan
-
Announcement under Regulation 30 (LODR)-Meeting Updates
21 Jan - EGM on 20 Feb 2026 to approve name change to OBCL Limited.
- Extra-Ordinary General Meeting (EGM) Of The Company To Be Held On Friday, February 20, 2026 21 Jan
-
Announcement under Regulation 30 (LODR)-Change of Company Name
14 Jan - Board approved proposed name change to 'OBCL Limited' and approved EGM notice; subject to shareholder and MCA approvals
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.