BCL Industries Ltd

BCL Industries Ltd

₹ 60.4 12.35%
22 Jul - close price
About

BCL Industries Limited is one of India’s largest agro-processing manufacturing companies with diverse businesses and vertical integrations. Established in 1976, BCL Industries Limited is engaged in Edible Oils, Rice Milling, grain-based Distillery and Real Estate. It is present in Punjab and West Bengal.

Key Points

Business Segments[1]
BCL is one of the largest agro processing company in North India. They operate in 3 segments:
Edible Oil and Vanaspati: Manufactures Vanaspati, Refined oil, and oil & solvent extraction from seeds and rice.
Distillery: Manufactures Ethanol, Extra Neutral Alcohol (ENA) and bottling of liquor in Punjab.
Real Estate: Undertook two large real estate projects in Bhatinda, Punjab.

  • Market Cap 1,645 Cr.
  • Current Price 60.4
  • High / Low 86.3 / 43.1
  • Stock P/E 22.4
  • Book Value 23.6
  • Dividend Yield 0.83 %
  • ROCE 12.7 %
  • ROE 13.6 %
  • Face Value 1.00

Pros

  • Promoter holding has increased by 3.39% over last quarter.

Cons

  • Company might be capitalizing the interest cost

* 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: Edible Oil Industry: Solvent Extraction

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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
430 449 462 563 506 375 425 449 383 333 366 473 454
403 423 431 529 468 345 417 412 345 309 337 434 417
Operating Profit 26 26 31 35 39 30 8 36 38 24 29 38 36
OPM % 6% 6% 7% 6% 8% 8% 2% 8% 10% 7% 8% 8% 8%
1 2 1 5 3 2 3 2 1 2 2 2 2
Interest 4 2 2 4 5 4 -0 1 3 1 4 5 3
Depreciation 3 3 4 3 4 4 4 4 4 4 6 6 7
Profit before tax 21 22 27 32 33 24 7 33 32 20 22 29 29
Tax % 29% 24% 22% 24% 30% 25% 23% 25% 26% 23% 41% 16% 26%
15 17 21 24 23 18 6 25 23 15 13 24 21
EPS in Rs 0.60 0.70 0.87 1.00 0.95 0.74 0.23 1.04 0.97 0.63 0.51 0.90 0.78
Raw PDF

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
557 619 662 518 642 844 890 913 1,427 1,988 1,632 1,626
534 591 625 493 605 797 817 857 1,358 1,850 1,519 1,498
Operating Profit 22 29 37 26 37 47 74 56 69 138 112 128
OPM % 4% 5% 6% 5% 6% 6% 8% 6% 5% 7% 7% 8%
4 4 6 5 5 7 8 7 28 8 7 8
Interest 14 14 24 14 21 21 19 15 23 18 7 13
Depreciation 7 11 8 8 9 11 11 13 13 15 15 24
Profit before tax 5 8 10 9 11 22 52 35 61 114 96 99
Tax % 174% 22% 32% 27% 14% 18% 20% 26% 26% 25% 25% 26%
-3 6 7 6 10 18 41 26 45 85 72 73
EPS in Rs -0.24 0.42 0.49 0.46 0.69 1.17 2.38 1.36 1.87 3.52 2.99 2.70
Dividend Payout % 0% 12% 20% 0% 14% 0% 5% 0% 27% 14% 17% 9%
Compounded Sales Growth
10 Years: 10%
5 Years: 13%
3 Years: 4%
TTM: 0%
Compounded Profit Growth
10 Years: 29%
5 Years: 12%
3 Years: 18%
TTM: 2%
Stock Price CAGR
10 Years: 32%
5 Years: 50%
3 Years: 34%
1 Year: 26%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 18%
Last Year: 14%

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 14 14 14 14 14 16 17 19 24 24 24 27
Reserves 60 63 69 75 84 116 166 199 266 346 416 617
159 167 170 180 217 222 187 173 179 210 338 336
93 81 109 123 166 135 185 207 159 111 208 118
Total Liabilities 326 325 362 392 481 489 555 599 628 691 986 1,098
111 103 100 93 85 136 138 129 125 146 155 375
CWIP 0 0 0 9 54 0 0 0 0 29 203 11
Investments 9 9 4 4 25 33 35 36 35 44 46 68
207 213 259 287 317 320 382 434 468 473 581 644
Total Assets 326 325 362 392 481 489 555 599 628 691 986 1,098

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
3 19 22 9 43 10 67 20 -3 106 77 -36
-23 -5 2 -9 -45 -38 -13 -5 -8 -103 -261 -28
19 -14 -23 -3 16 14 -45 -20 9 7 169 65
Net Cash Flow -1 0 2 -3 13 -14 8 -5 -2 10 -14 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 11 9 11 21 27 18 34 14 34 19 15 21
Inventory Days 136 133 154 235 169 142 138 165 75 43 82 101
Days Payable 34 42 59 92 93 55 79 76 30 17 33 23
Cash Conversion Cycle 112 99 106 164 102 106 93 103 80 44 65 99
Working Capital Days 74 83 80 124 85 83 80 86 80 60 96 121
ROCE % 8% 9% 13% 8% 11% 13% 19% 13% 20% 25% 15% 13%

Shareholding Pattern

Numbers in percentages

3 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
61.36% 61.36% 61.36% 61.36% 61.36% 61.36% 61.13% 61.36% 60.41% 56.92% 56.08% 59.47%
0.00% 0.00% 0.04% 0.08% 0.06% 0.00% 0.41% 0.00% 1.66% 5.88% 6.41% 4.84%
38.64% 38.64% 38.59% 38.55% 38.57% 38.63% 38.45% 38.64% 37.92% 37.21% 37.52% 35.69%
No. of Shareholders 20,85720,57426,97526,95627,10726,82123,80525,05128,19573,11392,0011,01,647

* 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.

Documents

Concalls