Bengal & Assam Company Ltd

Bengal & Assam Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bengal & Assam Company Ltd

₹ 8,816 -1.01%
22 Jul - close price
bengalassam.com BSE: 533095
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
  • Market Cap ₹ 9,959 Cr.
  • Current Price ₹ 8,816
  • High / Low ₹ 10,389 / 4,772
  • Stock P/E 86.0
  • Book Value ₹ 964
  • Dividend Yield 0.28 %
  • ROCE 12.6 %
  • ROE 11.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 24.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 30.0%
  • Company's median sales growth is 25.8% of last 10 years

Cons

  • Stock is trading at 9.15 times its book value
  • Company has a low return on equity of 9.83% over last 3 years.

* 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: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
26 3 86 4 11 2 97 2 43 2 85 2 63
3 1 2 1 2 1 3 1 2 1 4 2 3
Operating Profit 23 1 83 3 9 0 94 1 41 1 82 0 60
OPM % 89% 57% 97% 65% 80% 28% 97% 32% 95% 39% 96% 3% 95%
2 2 2 2 2 2 3 2 23 2 2 2 2
Interest 8 8 8 6 5 5 4 4 4 3 3 2 2
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 17 -5 77 -1 5 -3 92 -1 60 -1 80 -1 59
Tax % 3% 13% 20% -131% 15% 16% 18% 43% 14% 11% 16% 23% 15%
16 -5 62 0 5 -3 76 -2 51 -1 67 -1 50
EPS in Rs 14.51 -4.85 54.76 0.34 4.00 -2.71 67.08 -1.68 45.17 -0.83 59.28 -0.66 44.68
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
25 20 33 42 43 42 69 176 57 103 144 153
1 36 3 3 4 5 5 9 6 7 8 11
Operating Profit 24 -16 30 39 40 37 64 167 51 96 136 142
OPM % 96% -79% 90% 92% 92% 88% 93% 95% 89% 93% 94% 93%
5 77 5 5 6 6 6 7 7 7 29 7
Interest 15 13 13 19 23 14 31 43 34 26 17 11
Depreciation 0 0 0 0 0 0 0 1 1 1 1 1
Profit before tax 13 47 22 24 22 28 38 130 24 76 148 138
Tax % 6% 17% 5% 4% -3% -1% -1% 4% 1% 20% 17% 16%
13 39 21 23 23 29 39 125 23 61 122 116
EPS in Rs 14.49 45.13 23.68 26.46 26.53 32.89 44.83 110.97 20.59 54.25 107.87 102.47
Dividend Payout % 28% 11% 30% 38% 38% 30% 21% 14% 36% 28% 23% 39%
Compounded Sales Growth
10 Years: 22%
5 Years: 17%
3 Years: 39%
TTM: 6%
Compounded Profit Growth
10 Years: 23%
5 Years: 24%
3 Years: 71%
TTM: 11%
Stock Price CAGR
10 Years: 36%
5 Years: 43%
3 Years: 74%
1 Year: 85%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 10%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 9 9 9 9 9 9 8 11 11 11 11 11
Reserves 280 315 330 344 367 387 698 791 824 883 989 1,077
163 99 154 194 194 126 547 432 404 260 168 100
7 8 10 4 4 5 16 17 16 18 19 19
Total Liabilities 459 431 502 552 574 526 1,269 1,251 1,256 1,173 1,187 1,208
19 18 18 18 17 17 26 25 25 24 24 23
CWIP 0 0 0 0 0 2 0 0 0 0 0 0
Investments 424 392 396 418 457 450 1,184 1,188 1,200 1,136 1,150 1,171
17 21 88 116 100 57 59 38 31 12 13 14
Total Assets 459 431 502 552 574 526 1,269 1,251 1,256 1,173 1,187 1,208

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
23 15 28 36 39 44 71 149 41 85 108 117
0 65 -65 -39 -20 46 -231 39 20 91 18 -10
-25 -81 38 7 -22 -90 160 -187 -62 -179 -126 -107
Net Cash Flow -2 -1 0 4 -3 0 1 1 -0 -3 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 0 0 0 0
Working Capital Days -60 -245 9 112 43 -173 89 32 105 7 12 9
ROCE % 6% -3% 8% 8% 8% 8% 8% 14% 5% 9% 12% 13%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 72.66% 73.02% 73.02% 73.02%
0.00% 0.00% 3.53% 3.89% 3.89% 3.89% 3.90% 3.92% 4.28% 4.31% 4.31% 4.31%
0.52% 0.50% 0.50% 0.50% 0.37% 0.07% 0.06% 0.01% 0.01% 0.01% 0.01% 0.01%
26.82% 26.84% 23.31% 22.95% 23.09% 23.38% 23.38% 23.42% 23.06% 22.67% 22.67% 22.67%
No. of Shareholders 24,35223,64322,98422,66522,34521,60221,43520,79220,62920,81921,01921,021

* 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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