BCL Industries Ltd.

•

bcl.ind.inBSE: 524332NSE: BCLIND

Market Cap₹ 1,050 Cr.

Current Price

High / Low₹ 45 / 26

Stock P/E12.8

Book Value₹ 29

Price to Book1.37

Dividend Yield0.98 %

ROCE10.0 %

ROE10.3 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Distillery Unit: 52.3% • Oil & Vanaspati: 47.3% • Real Estate: 0.4%

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

View full sector analysis →

PROS

Company has delivered good profit growth of 22.4% CAGR over last 5 years
Company has delivered good sales growth of 16.6% CAGR over last 5 years
Company comfortably covers its interest (8.9x coverage)
Company has a consistent dividend-paying track record
Company maintains a comfortable, low leverage position

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.37x)
Free cash flow has been persistently negative
Equity base is being diluted - shares outstanding up 22.2%
Growth is decelerating - 3Y profit CAGR (-5.6%) trails the 5Y trend (22.4%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsFMCGEdible Oil

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	MARICO	810.25	55.80	105347.77	0.49	652.00	27.10	3957.00	21.42	52.25	20.70
2.	PATANJALI	341.25	18.85	37131.71	1.47	3357.34	1761.48	113374.51	1173.91	10.61	4.79
3.	AWL	187.65	21.10	24388.47	0.53	351.39	47.67	20048.14	17.52	18.52	3.56
4.	GOKULAGRO	230.50	16.18	6801.75	0.00	122.63	71.26	5281.95	7.26	37.07	3.85
5.	SUNDROP	667.00	89.96	2514.38	0.00	12.13	181.44	428.08	15.22	2.01	5.84
6.	BCLIND	35.59	9.01	1050.49	0.98	35.52	6.10	623.42	-24.00	13.60	9.80
7.	MODINATUR	350.55	8.92	466.46	0.00	12.50	19.14	155.61	0.37	23.80	14.25
8.	GOKUL	42.66	20.40	422.31	0.00	6.08	57.63	1016.75	9.75	8.66	1.63
9.	KRITINUT	83.74	12.59	419.57	3.58	8.92	-6.03	247.08	7.88	20.30	4.72
10.	VIJSOLX	647.80	8.70	207.38	0.00	5.58	428.60	622.50	35.20	7.35	1.40
11.	MKPL	4.02	32.13	150.90	0.00	1.38	-60.63	115.16	0.18	13.46	2.18
12.	ROML	42.18	3.72	67.44	0.00	1.11	-21.06	35.56	5.82	15.26	5.16

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	350	366	495	470	473	531	524	538	588	476	512	431	428
	327	337	456	433	439	495	495	508	558	435	472	396	403
Operating Profit	24	29	38	36	33	36	28	30	30	41	39	35	25
OPM %	6.73%	8.04%	7.73%	7.75%	7.07%	6.70%	5.43%	5.57%	5.15%	8.57%	7.65%	8.04%	5.94%
	2	2	2	2	2	2	2	3	3	2	2	2	4
Interest	1	4	5	3	5	3	3	1	1	4	1	5	1
Depreciation	4	6	6	7	7	7	8	8	7	9	9	9	10
Profit before Tax	20	22	29	29	23	28	20	24	25	29	31	22	30
Tax %	23.55%	41.37%	15.88%	25.65%	27.52%	23.84%	27.29%	19.15%	9.09%	27.92%	26.31%	30.23%	24.06%
Net Profit	15	13	24	21	17	21	14	19	22	21	23	15	23
	0.63	0.52	0.94	0.80	0.61	0.71	0.48	0.66	0.76	0.72	0.78	0.52	0.77

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	491	660	847	891	913	1,427	1,988	1,632	1,626	1,971	1,847
	465	623	800	817	857	1,358	1,850	1,519	1,498	1,844	1,707
Operating Profit	26	37	47	74	56	69	138	112	128	127	140
OPM %	5.21%	5.55%	5.53%	8.28%	6.14%	4.82%	6.93%	6.88%	7.85%	6.47%	7.58%
	5	5	7	8	7	28	8	7	8	9	10
Interest	14	21	21	19	15	23	18	7	13	12	11
Depreciation	8	9	11	11	13	13	15	15	24	30	37
Profit before Tax	9	11	22	52	35	61	114	96	99	94	113
Tax %	26.94%	13.58%	17.54%	20.19%	25.80%	25.78%	25.15%	25.07%	25.87%	24.28%	26.91%
Net Profit	6	10	18	41	26	45	85	72	73	72	82
EPS	4.56	6.90	10.31	24.08	13.58	20.12	35.22	2.89	2.70	2.42	—
Dividend Payout %	21.92%	14.50%	0.00%	5.05%	0.00%	26.69%	14.20%	16.75%	9.27%	10.73%	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 17%
3 Years:: 0%

COMPOUNDED PROFIT GROWTH

10 Years:: 26%
5 Years:: 22%
3 Years:: -6%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 8%
3 Years:: -12%
1 Year:: -13%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 17%
3 Years:: 14%
Last Year:: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	14	14	16	17	19	24	24	24	27	30
	75	84	110	162	199	266	346	416	595	741
	191	229	236	189	176	182	212	341	316	346
Trade Payables	95	133	101	152	153	100	77	117	79	119
	17	21	27	34	51	56	32	87	80	66
Total Liabilities	392	481	489	555	599	628	691	986	1,097	1,301
	93	84	135	137	128	124	123	134	353	343
Capital Work in Progress	9	54	0	0	0	0	29	203	11	100
	4	25	33	35	36	35	44	46	68	79
	242	241	262	266	333	251	194	292	345	376
	0	0	0	0	0	0	0	0	93	92
Cash & Bank	5	19	5	13	14	14	19	8	6	27
	39	58	53	103	88	204	282	303	223	283
Total Assets	392	481	489	555	599	628	691	986	1,097	1,301

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	11	45	14	76	25	3	143	93	-36	45
Cash from Investing	-9	-45	-38	-13	-5	-8	-103	-255	-28	-109
Cash from Financing	-3	16	14	-45	-20	9	7	169	65	81
	-3	13	-14	8	-5	-2	10	-14	0	17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
59.47	57.77	57.77	58.03	58.03	58.03	58.03	58.23	58.23
4.84	1.84	0.77	0.86	0.46	0.43	0.37	0.43	0.24
0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01
0.00	0.00	0.92	0.92	0.92	0.92	0.92	0.92	0.92
35.69	40.40	40.55	40.19	40.58	40.62	40.68	40.43	40.60

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-07 - Bcl Industries Limited has informed the Exchange about Schedule of meet

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Bcl Industries Limited has informed the Exchange about Newspaper Publication of 50th AGM Notice.

2026-09-01

Shareholders meeting

2026-09-01 - Bcl Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2026

2026-08-26

Updates

2026-08-26 - BCL Industries Limited has informed the Exchange regarding 'Normalization of 200 KLPD ethanol unit at Bathinda (Punjab)'.

2026-08-20

Updates

2026-08-20 - Bcl Industries Limited has informed the Exchange regarding 'Special Window for Transfer and Dematerialization of Physical Securities'.

2026-08-18

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-18 - Bcl Industries Limited has informed the Exchange about Transcript

2026-08-17

Updates

2026-08-17 - Bcl Industries Limited has informed the Exchange regarding order book for Supply of Ethanol to OMC s'.

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Bcl Industries Limited has informed the Exchange about Link of Recording

2026-08-13

Investor Presentation

2026-08-13 - Bcl Industries Limited has informed the Exchange about Investor Presentation

News

Recent coverage and analyst commentary for BCLIND

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BCL Industries Ltd.

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Free 5nance Account

Name

MARICO

810.25

55.80

105347.77

0.49

652.00

27.10

3957.00

21.42

52.25

20.70

PATANJALI

341.25

18.85

37131.71

1.47

3357.34

1761.48

113374.51

1173.91

10.61

4.79

AWL

187.65

21.10

24388.47

0.53

351.39

47.67

20048.14

17.52

18.52

3.56

GOKULAGRO

230.50

16.18

6801.75

0.00

122.63

71.26

5281.95

7.26

37.07

3.85

SUNDROP

667.00

89.96

2514.38

0.00

12.13

181.44

428.08

15.22

2.01

5.84

BCLIND

35.59

9.01

1050.49

0.98

35.52

6.10

623.42

-24.00

13.60

9.80

MODINATUR

350.55

8.92

466.46

0.00

12.50

19.14

155.61

0.37

23.80

14.25

GOKUL

42.66

20.40

422.31

0.00

6.08

57.63

1016.75

9.75

8.66

1.63

KRITINUT

83.74

12.59

419.57

3.58

8.92

-6.03

247.08

7.88

20.30

4.72

VIJSOLX

647.80

8.70

207.38

0.00

5.58

428.60

622.50

35.20

7.35

1.40

MKPL

4.02

32.13

150.90

0.00

1.38

-60.63

115.16

0.18

13.46

2.18

ROML

42.18

3.72

67.44

0.00

1.11

-21.06

35.56

5.82

15.26

5.16

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

350

366

495

470

473

531

524

538

588

476

512

431

428

327

337

456

433

439

495

508

558

435

472

396

403

Operating Profit

OPM %

6.73%

8.04%

7.73%

7.75%

7.07%

6.70%

5.43%

5.57%

5.15%

8.57%

7.65%

8.04%

5.94%

Interest

Depreciation

Profit before Tax

Tax %

23.55%

41.37%

15.88%

25.65%

27.52%

23.84%

27.29%

19.15%

9.09%

27.92%

26.31%

30.23%

24.06%

Net Profit

0.63

0.52

0.94

0.80

0.61

0.71

0.48

0.66

0.76

0.72

0.78

0.52

0.77

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

491

660

847

891

913

1,427

1,988

1,632

1,626

1,971

1,847

465

623

800

817

857

1,358

1,850

1,519

1,498

1,844

1,707

Operating Profit

138

112

128

127

140

OPM %

5.21%

5.55%

5.53%

8.28%

6.14%

4.82%

6.93%

6.88%

7.85%

6.47%

7.58%

Interest

Depreciation

Profit before Tax

114

113

Tax %

26.94%

13.58%

17.54%

20.19%

25.80%

25.78%

25.15%

25.07%

25.87%

24.28%

26.91%

Net Profit

EPS

4.56

6.90

10.31

24.08

13.58

20.12

35.22

2.89

2.70

2.42

—

Dividend Payout %

21.92%

14.50%

0.00%

5.05%

0.00%

26.69%

14.20%

16.75%

9.27%

10.73%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

110

162

199

266

346

416

595

741

191

229

236

189

176

182

212

341

316

346

Trade Payables

133

101

152

153

100

117

119

Total Liabilities

392

481

489

555

599

628

691

986

1,097

1,301

135

137

128

124

123

134

353

343

Capital Work in Progress

203

100

242

241

262

266

333

251

194

292

345

376

Cash & Bank

103

204

282

303

223

283

Total Assets

392

481

489

555

599

628

691

986

1,097

1,301

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

143

-36

Cash from Investing

-9

-45

-38

-13

-5

-8

-103

-255

-28

-109

Cash from Financing

-3

-45

-20

169

-3

-14

-5

-2

-14

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

59.47

57.77

58.03

58.23

4.84

1.84

0.77

0.86

0.46

0.43

0.37

0.43

0.24

0.00

0.01

0.00

0.92

35.69

40.40

40.55

40.19

40.58

40.62

40.68

40.43

40.60

BCL Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

BCL Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI