Bengal & Assam Company Ltd

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

Bengal & Assam Company Ltd

₹ 8,875 -0.35%
22 Jul 4:01 p.m.
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 ₹ 10,026 Cr.
  • Current Price ₹ 8,875
  • High / Low ₹ 10,389 / 4,772
  • Stock P/E 6.43
  • Book Value ₹ 8,016
  • Dividend Yield 0.28 %
  • ROCE 20.6 %
  • ROE 21.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.11 times its book value
  • Company has delivered good profit growth of 32.6% CAGR over last 5 years
  • Company's working capital requirements have reduced from 35.6 days to 13.0 days

Cons

  • The company has delivered a poor sales growth of 0.60% over past five years.
  • Earnings include an other income of Rs.3,700 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

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
3,318 3,021 3,380 3,473 3,702 4,167 4,228 3,993 4,103 4,241 4,377 3,777 523
2,835 2,666 3,002 3,165 3,445 3,814 3,847 3,619 3,622 3,710 3,697 3,224 413
Operating Profit 483 355 377 307 257 353 381 374 481 531 680 553 110
OPM % 15% 12% 11% 9% 7% 8% 9% 9% 12% 13% 16% 15% 21%
165 110 58 118 191 149 99 191 201 196 144 3,098 262
Interest 115 117 115 108 109 107 117 129 135 129 119 106 10
Depreciation 105 107 107 106 108 112 110 114 120 120 122 114 17
Profit before tax 429 241 212 212 232 283 252 322 427 478 583 3,431 344
Tax % 21% 20% 28% 19% 8% 14% 17% 16% 19% 21% 25% 11% 8%
337 193 153 170 214 244 210 272 345 378 437 3,062 317
EPS in Rs 213.57 143.60 111.33 128.55 172.26 195.57 168.24 212.38 253.91 263.66 283.68 2,622.08 275.57
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,144 1,251 1,371 1,438 1,560 1,531 12,534 10,122 10,439 13,609 16,521 12,917
1,000 1,133 1,205 1,243 1,283 1,247 11,151 8,858 8,937 12,278 14,903 11,044
Operating Profit 144 118 166 195 277 284 1,383 1,263 1,502 1,330 1,618 1,874
OPM % 13% 9% 12% 14% 18% 19% 11% 12% 14% 10% 10% 14%
29 101 27 26 28 29 -33 -76 52 26 -7 3,700
Interest 91 86 84 94 93 164 574 608 504 449 488 364
Depreciation 32 33 34 37 40 42 367 420 428 428 456 373
Profit before tax 49 99 74 90 171 108 409 159 622 479 667 4,836
Tax % 22% 22% 19% 24% 24% 29% 34% -87% 38% 35% 32% 13%
38 77 178 250 345 207 457 522 678 731 1,071 4,194
EPS in Rs 40.19 83.65 199.70 279.03 382.63 231.31 415.28 402.92 450.08 555.74 830.10 3,445.00
Dividend Payout % 10% 6% 4% 4% 3% 4% 3% 4% 2% 3% 3% 1%
Compounded Sales Growth
10 Years: 26%
5 Years: 1%
3 Years: 7%
TTM: -22%
Compounded Profit Growth
10 Years: 56%
5 Years: 33%
3 Years: 47%
TTM: 63%
Stock Price CAGR
10 Years: 36%
5 Years: 44%
3 Years: 74%
1 Year: 86%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 19%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 11 11 11 11 11 11
Reserves 455 522 1,274 1,514 1,813 2,005 2,991 3,363 3,904 4,533 5,502 9,044
483 371 410 444 422 348 6,474 6,093 5,110 5,527 5,185 422
294 303 314 328 347 416 4,734 4,833 5,418 6,155 6,527 993
Total Liabilities 1,241 1,205 2,006 2,294 2,591 2,777 14,211 14,300 14,443 16,226 17,226 10,471
395 376 355 377 366 391 6,701 6,810 6,647 6,841 6,931 478
CWIP 4 4 9 3 20 11 287 295 328 136 232 5
Investments 578 564 1,289 1,508 1,703 1,984 1,819 2,085 2,423 2,749 3,602 9,090
264 261 353 406 502 391 5,404 5,110 5,045 6,500 6,460 897
Total Assets 1,241 1,205 2,006 2,294 2,591 2,777 14,211 14,300 14,443 16,226 17,226 10,471

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
128 139 109 144 113 102 993 1,499 1,780 351 1,437 1,817
-64 44 -105 -102 54 -163 -368 -348 -177 -188 -647 -1,260
-77 -183 -3 -37 -172 64 -567 -1,191 -1,567 -144 -778 -590
Net Cash Flow -14 -0 1 4 -5 3 58 -39 37 19 12 -33

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 39 34 34 32 29 32 65 73 63 61 57 9
Inventory Days 24 23 24 25 27 28 89 118 120 114 91 18
Days Payable 22 28 30 32 32 30 81 114 101 96 70 8
Cash Conversion Cycle 41 29 28 26 24 30 73 77 81 79 78 19
Working Capital Days 20 11 13 16 40 16 61 56 40 51 42 13
ROCE % 14% 12% 12% 10% 12% 11% 15% 8% 10% 8% 10% 21%

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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