MarketFriction

BCL Industries Ltd

NSE BCLIND · BSE 524332 · Breweries & Distilleries
₹31.24 -1.73%
NSE close2026-10-01
52 week range25.53 - 42.08
Market cap₹958 Cr.
P/E8.22
Price band 20% Delivery 54.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales481622598636721735723792691726582583
Expenses434568547582666689673738624660527522
Operating Profit475550545546495367675561
OPM %10%9%8%8%8%6%7%7%10%9%9%10%
Other Income222222331235
Interest910711685710785
Depreciation91010111112121113131314
Profit before tax303835333929353845483747
Tax %35%13%32%27%24%28%21%11%30%26%29%24%
Net Profit203324253021283332352636
EPS in Rs0.711.140.850.770.940.650.861.040.981.090.791.09
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6428448909131,4271,9881,8182,1292,8152,7922,583
Expenses6057978178571,3451,8501,6951,9382,6112,5502,333
Operating Profit3747745682138124191205242250
OPM %6%6%8%6%6%7%7%9%7%9%10%
Other Income578758779911
Interest2121191516182033313331
Depreciation911111413152536465154
Profit before tax112252355811385130137167176
Tax %14%18%20%26%27%25%25%26%25%24%
Net Profit1018412642856496103126128
EPS in Rs0.691.142.371.351.733.512.743.323.223.903.95
Dividend Payout %14%0%5%0%29%14%18%8%8%9%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%14%15%-13%
Compounded Profit Growth%22%20%13%
Stock Price CAGR25%7%-15%-20%
Return on Equity16%16%14%13%
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital14161719242424273030
Reserves84116165198261342456624772880
Borrowings217228192178183260438477536569
Other Liabilities166136185209164130177172217169
Total Liabilities4814955606046327581,0961,3011,5551,648
Fixed Assets85136138129129153339641634818
CWIP545101929166212131107
Investments253334362657101182
Other Assets317321377420448433537637800741
Total Assets4814955606046327581,0961,3011,5551,648
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity43105329595293963325
Cash from Investing Activity-45-40-19-13-13-145-250-131-129-198
Cash from Financing Activity1616-25-216622069283-8
Net Cash Flow13-148-6-212-16017119
Free Cash Flow-323415-17-72-228-98-71193
CFO/OP123%30%84%62%13%95%41%36%42%149%
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days27182514341919211710
Inventory Days169142138165754383887347
Days Payable9355797630173222219
Cash Conversion Cycle10210684103804470876949
Working Capital Days23272935371929474128
ROCE %13%19%13%17%23%13%16%13%14%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters60.41%56.92%56.08%59.47%57.77%57.77%58.03%58.03%58.03%58.03%58.23%58.23%
FIIs1.66%5.88%6.41%4.84%1.84%0.77%0.86%0.46%0.43%0.37%0.43%0.24%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.05%0.02%0.02%0.00%0.01%
Government0.00%0.00%0.00%0.00%0.00%0.92%0.92%0.92%0.92%0.92%0.92%0.92%
Public37.92%37.21%37.52%35.69%40.39%40.54%40.19%40.54%40.60%40.66%40.43%40.61%
No. of Shareholders28,19573,11392,0011,01,6471,38,4111,41,7901,41,6471,40,4231,39,3791,36,6251,32,5991,31,345

Fundamentals

Market Cap₹ 958 Cr.
Current Price₹ 32.4
Stock P/E8.22
Book Value₹ 30.8
ROCE13.9 %
ROE13.4 %
Dividend Yield1.08 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-13%
Compounded Profit Growth (TTM)13%
Consolidated figures.
Valuation
Market capRs 923 Cr
Enterprise valueRs 1,335 Cr
P/E (TTM)7.92x
Price to book1.01x
Price to sales0.36x
EV / EBITDA5.12x
EV / EBIT6.45x
EV / sales0.52x
Price to cash flow2.84x
Earnings yield12.63%
Dividend yield1.12%
P/E, 3-year average14.03x
P/B, 3-year average1.83x
P/E, 5-year average7.69x
P/B, 5-year average1.04x
Profitability
Operating margin (excl. other income)8.67%
Operating margin (incl. other income)8.99%
EBITDA margin10.09%
Pre-tax margin6.83%
Net profit margin4.51%
Net margin, latest quarter5.53%
ROE13.44%
ROCE14.22%
ROA7.18%
ROE, 3-year average14.15%
ROCE, 3-year average14.57%
ROA, 3-year average7.12%
ROE, 5-year average16.83%
ROCE, 5-year average16.25%
ROA, 5-year average8.15%
ROIC (approx.)11.84%
Tax rate24.40%
Other income / net worth1.00%
Growth
Sales growth (latest year)-0.83%
Profit growth (latest year)21.07%
Sales CAGR, 3 years15.36%
Sales CAGR, 5 years14.36%
Profit CAGR, 3 years20.15%
Profit CAGR, 5 years22.42%
Sales growth QoQ0.18%
Profit growth QoQ38.35%
Sales growth YoY (latest quarter)-26.36%
Profit growth YoY (latest quarter)5.29%
Per share
EPS (TTM)Rs 3.95
EPS (latest quarter)Rs 1.09
EPS, 3-year averageRs 3.27
EPS, 5-year averageRs 17.28
Book value per shareRs 30.79
Sales per shareRs 87.40
Cash flow per shareRs 10.99
Free cash flow per shareRs 6.53
Dividend per share, 3-year averageRs 0.26
Dividend per share, 5-year averageRs 2.63
Dividends
Dividend payout8.98%
Dividend payout, 3-year average8.20%
Dividend payout, 5-year average11.41%
Efficiency
Asset turnover1.69x
Fixed asset turnover3.41x
Inventory turnover7.77x
Inventory days47 days
Debtor days10 days
Debtors turnover34.83x
Creditor days9 days
Cash conversion cycle49 days
Working capital days28 days
Leverage
Total debtRs 569 Cr
Cash and bankRs 157 Cr
Net debtRs 412 Cr
Debt to equity0.63x
Net debt / EBITDA1.58x
Interest coverage6.75x
Current ratio (filing 2026-03-31)2.01x
Quick ratio (filing 2026-03-31)1.26x
Trade payables (filing 2026-03-31)Rs 51 Cr
Owners' fund to total sources55.22%
Debt to assets34.54%
Cash flow
Cash from Operating Activity (latest year)Rs 325 Cr
Cash from Investing Activity (latest year)Rs -198 Cr
Cash from Financing Activity (latest year)Rs -8 Cr
Net Cash Flow (latest year)Rs 119 Cr
Free cash flow (latest year)Rs 193 Cr
FCFE (approx.: FCF + change in debt)Rs 226 Cr
Cash from ops / profit, 5 years1.16x
Sales to cash flow8.60x
Statement figures
Net sales (TTM)Rs 2,583 Cr
Net sales (latest year)Rs 2,792 Cr
Sales (latest quarter)Rs 583 Cr
Operating profit excl. other income (latest year)Rs 242 Cr
Operating profit (latest quarter)Rs 61 Cr
Other income (TTM)Rs 11 Cr
EBITDA (TTM)Rs 261 Cr
PBDT (TTM)Rs 230 Cr
Profit before tax (TTM)Rs 176 Cr
Tax (latest year)Rs 41 Cr
Net profit (TTM)Rs 117 Cr
Net profit (latest year)Rs 115 Cr
Net profit (latest quarter)Rs 32 Cr
Depreciation (TTM)Rs 54 Cr
Depreciation (latest quarter)Rs 14 Cr
Interest (TTM)Rs 31 Cr
Cost of goods sold (latest year)Rs 2,124 Cr
Total expenditure (latest year)Rs 2,550 Cr
Total income (latest year)Rs 2,801 Cr
Share capitalRs 30 Cr
ReservesRs 880 Cr
Shareholders' fundsRs 910 Cr
Total assetsRs 1,648 Cr
Net blockRs 818 Cr
Capital work in progressRs 7 Cr
InvestmentsRs 82 Cr
ReceivablesRs 80 Cr
InventoryRs 274 Cr
Other liabilitiesRs 169 Cr
Shares outstanding (crore)29.55
Ownership
Promoter holding58.23% (+0.20 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 7.9 is at the 18th percentile of its own 9.4-year range (median 15.1, low 2.2, high 50.7).
P/B 1.01 is at the 10th percentile (median 2.29).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBCLINDNifty 50Difference
1 week-6.7%-2.8% -3.9 pts
1 month-13.7%-6.8% -6.9 pts
3 months-14.5%-7.6% -6.8 pts
6 months+19.9%+0.4% +19.5 pts
1 year-25.2%-9.9% -15.3 pts
2 years-51.9%-13.6% -38.3 pts
3 years-41.4%+14.2% -55.6 pts
5 years+36.1%+27.9% +8.2 pts

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹583 Cr -26.4% vs Jun 2025. Net profit ₹36 Cr +9.1%.

Activity

Compare
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Jagatjit Industries Ltd66257.110.5 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-09-18Dividend - Re 0.35 Per Share
2025-09-19Dividend - Re 0.26 Per Share
2024-09-11Dividend - Re 0.25 Per Share
2023-10-27Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2023-09-22Annual General Meeting/Dividend - Rs 5 Per Share
2022-09-19Annual General Meeting/Dividend - Rs 3 Per Share
2022-03-22Interim Dividend - Rs 2 Per Share
2021-09-20 Annual General Meeting/Dividend - Rs 5 Per Share
DateTypeWhat it says
2026-09-28Shareholder meetingVoting results of Annual General Meeting held on September 25, 2026
2026-09-28Shareholder meetingBcl Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2026
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-07Concall / analyst meetSchedule of meet
2026-09-01Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-26UpdatesNormalization of 200 KLPD ethanol unit at Bathinda (Punjab).
2026-08-20UpdatesSpecial Window for Transfer and Dematerialization of Physical Securities.
2026-08-18Concall / analyst meetTranscript
2026-08-17UpdatesOrder book for Supply of Ethanol to OMC s.
2026-08-14Concall / analyst meetLink of Recording
2026-08-13Investor PresentationInvestor Presentation
2026-08-12Record DateRecord date for the purpose of Dividend is 18-Sep-2026.
2026-08-12Board meeting outcomeBcl Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-07Concall / analyst meetSchedule of meet
2026-07-13Capacity additionCapacity addition
2026-07-03General UpdatesGeneral Updates
2026-06-30Press ReleaseA press release dated Jun 30, 2026, titled "Completion of Acquisition of M/s Svaksha Distillery Limited ".
2026-06-20UpdatesSpecial Window for Transfer and Dematerialization of Physical Securities.
2026-06-19General UpdatesGeneral Updates
2026-06-16Updates.
2026-06-09Concall / analyst meetSchedule of meet
2026-06-09Volume querySignificant increase in volume has been observed in Bcl Industries Limited. The Exchange, in order to ensure that investors have latest relevant infor...
2026-06-08Volume querySignificant increase in volume has been observed in Bcl Industries Limited. The Exchange, in order to ensure that investors have latest relevant infor...
2026-06-08Concall / analyst meetSchedule of meet
2026-06-02Concall / analyst meetTranscript
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of BCL Industries Ltd?

BCL Industries Ltd (BCLIND) has a market capitalisation of Rs 958 Cr. at the 2026-10-01 close.

What is the P/E ratio of BCL Industries Ltd?

BCL Industries Ltd trades at a P/E of 8.22 on trailing twelve-month profit, at the 2026-10-01 close.

What were BCL Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, BCL Industries Ltd sales was Rs 583 Cr (-26.4% vs Jun 2025) and net profit was Rs 36 Cr.

What is the 52-week high and low of BCL Industries Ltd?

The 52-week high is Rs 42.08 and the 52-week low is Rs 25.53.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03