BCL Industries Ltd

BCL Industries Ltd

₹ 60.5 12.48%
22 Jul 4:01 p.m.
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 1,647 Cr.
  • Current Price 60.5
  • High / Low 86.3 / 43.1
  • Stock P/E 18.2
  • Book Value 23.9
  • Dividend Yield 0.83 %
  • ROCE 16.1 %
  • ROE 16.7 %
  • 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

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
430 449 462 563 506 375 452 534 457 429 481 622 598
403 423 431 529 468 345 446 493 410 389 434 568 547
Operating Profit 26 26 31 34 39 30 6 40 47 39 47 55 50
OPM % 6% 6% 7% 6% 8% 8% 1% 8% 10% 9% 10% 9% 8%
1 2 1 5 3 2 3 2 1 1 2 2 2
Interest 5 2 2 4 5 4 3 5 7 7 9 10 7
Depreciation 3 4 4 4 4 4 7 7 7 7 9 10 10
Profit before tax 19 22 27 32 33 24 -1 30 33 27 30 38 35
Tax % 31% 24% 22% 24% 31% 24% -36% 24% 26% 27% 35% 13% 32%
13 17 21 24 23 18 -1 23 25 20 20 33 24
EPS in Rs 0.51 0.70 0.87 1.00 0.95 0.74 0.03 0.97 1.01 0.77 0.71 1.14 0.85
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
642 844 890 913 1,427 1,988 1,818 2,129
605 797 817 857 1,359 1,850 1,695 1,938
Operating Profit 37 47 74 56 69 138 124 191
OPM % 6% 6% 8% 6% 5% 7% 7% 9%
5 7 8 7 28 8 7 7
Interest 21 21 19 15 26 18 20 33
Depreciation 9 11 11 14 13 15 25 36
Profit before tax 11 22 52 35 58 113 85 130
Tax % 14% 18% 20% 26% 27% 25% 25% 26%
10 18 41 26 42 85 64 96
EPS in Rs 0.69 1.14 2.37 1.35 1.75 3.51 2.74 3.32
Dividend Payout % 14% 0% 5% 0% 29% 14% 18% 8%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: 14%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 29%
TTM: 41%
Stock Price CAGR
10 Years: 32%
5 Years: 50%
3 Years: 34%
1 Year: 26%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 19%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14 16 17 19 24 24 24 27
Reserves 84 116 165 198 261 342 407 624
217 228 192 178 183 260 438 477
166 136 185 209 164 130 227 172
Total Liabilities 481 495 560 604 632 758 1,096 1,301
85 136 138 129 129 153 339 641
CWIP 54 5 10 19 29 166 212 13
Investments 25 33 34 36 26 5 7 10
317 321 377 420 448 433 537 637
Total Assets 481 495 560 604 632 758 1,096 1,301

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
43 10 53 29 5 95 35 39
-45 -40 -19 -13 -13 -145 -256 -131
16 16 -25 -21 6 62 206 92
Net Cash Flow 13 -14 8 -6 -2 12 -16 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 27 18 25 14 34 19 19 21
Inventory Days 169 142 138 165 75 43 83 88
Days Payable 93 55 79 76 30 17 32 22
Cash Conversion Cycle 102 106 84 103 80 44 70 87
Working Capital Days 85 83 72 75 69 48 71 86
ROCE % 13% 19% 13% 19% 23% 14% 16%

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