OBCL Ltd.

•

obclimited.comBSE: 541206NSE: OBCL

Market Cap₹ 115 Cr.

Current Price

High / Low₹ 62 / 47

Stock P/E0.0

Book Value₹ 39

Price to Book1.52

Dividend Yield0.00 %

ROCE-2.1 %

ROE-9.9 %

Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Promoters have been increasing their shareholding - up 5.0pp over 2 years
Company converts assets efficiently - asset turnover of 1.9x

CONS

Company is loss-making at the operating / net level
Company has a low return on equity of -1.5% over last 3 years
Company has a low return on capital employed of 3.2%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -4.81x)
Interest coverage is weak at -0.6x - earnings barely cover interest
Company's sales have been declining over the last five years

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

Peer comparison

ServicesLogisticsLogistics

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

S.No.	Name
1.	CONCOR	510.10	31.28	38850.13	1.69	268.90	0.61	2159.76	0.28	14.79	20.41
2.	DELHIVERY	452.70	362.59	33914.79	0.00	31.91	-64.96	2930.73	27.76	2.97	4.75
3.	SHADOWFAX	253.60	133.20	14879.49	0.00	654.00	6732.86	13581.20	1806.32	11.58	6.76
4.	BLACKBUCK	582.60	62.87	10613.06	0.00	42.17	25.14	204.17	42.17	12.75	24.35
5.	TCI	868.10	14.61	6669.71	1.15	106.60	-0.56	1248.50	9.58	20.52	12.30
6.	TVSSCS	124.35	84.72	5486.62	0.00	22.48	-96.84	3335.22	28.66	11.51	6.75
7.	VRLLOG	231.45	19.65	4048.92	0.00	805.30	1509.31	8788.40	1080.70	26.47	21.23
8.	MAHLOG	391.75	101.07	3889.19	0.64	27.83	394.81	2002.88	23.29	10.40	5.76
9.	SINDHUTRAD	23.81	47.44	3671.33	0.00	38.74	-79.39	129.21	-21.85	12.80	45.34
10.	GATEWAY	53.04	10.85	2650.11	6.13	512.68	724.44	5492.97	897.94	17.99	21.31
11.	TCIEXP	542.30	25.28	2084.83	1.29	20.49	5.24	313.40	9.29	13.92	10.03
12.	OBCL	54.77	0.00	115.47	0.00	1.21	-35.29	82.37	-3.35	-1.02	2.98

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
	78	90	92	72	75	74	77	78	72	72	72	94	82
	75	87	89	74	73	71	74	77	71	72	71	96	83
Operating Profit	3	3	3	-2	2	2	4	1	2	0	1	-2	2
OPM %	3.93%	3.37%	3.23%	-3.07%	3.13%	3.36%	4.70%	1.82%	2.42%	0.10%	0.87%	-1.90%	2.99%
Other Income	1	1	0	1	0	1	-0	-1	1	0	0	1	1
Interest	0	0	1	0	0	1	1	1	1	1	1	1	1
Depreciation	1	1	1	1	1	1	2	1	1	1	2	2	2
	3	3	2	-2	1	2	0	-1	0	-2	-2	-5	0
Tax %	22.11%	23.57%	25.93%	7.25%	20.93%	25.17%	82.93%	4.20%	53.85%	-8.76%	-10.86%	2.42%	317.65%
Net Profit	2	2	2	-2	1	1	0	-1	0	-2	-2	-4	-0
	1	1	1	-1	0	1	0	-1	0	-1	-1	-2	-0
Equity Capital	21	21	21	21	21	21	21	21	21	21	21	21	21
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	213	384	488	389	339	303	367	333	305	310	320
	202	369	467	370	326	292	359	326	297	309	322
Operating Profit	12	18	23	20	14	15	9	9	11	3	—
OPM %	5	5	5	5	4	5	2	3	4	1	—
Other Income	1	2	2	1	1	3	1	2	3	3	2
Interest	3	3	3	3	2	2	1	1	3	5	5
Depreciation	3	5	5	5	4	3	3	3	5	6	7
	6	10	15	12	8	11	5	5	2	-8	-8
Tax %	33	34	29	25	26	26	27	32	46	-6	-5
Net Profit	4	6	11	9	6	8	4	4	1	-9	-9
EPS	23	18	5	5	3	4	2	2	1	-4	—
Dividend Payout %	0	0	10	11	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	3	4	5	4	3	4	2	2	1	-4	—

COMPOUNDED SALES GROWTH

10 Years:: 3%
5 Years:: -2%
3 Years:: -5%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 3%
1 Year:: -3%

RETURN ON EQUITY

10 Years:: 9%
5 Years:: 2%
3 Years:: -1%
Last Year:: -10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	2	16	21	21	21	21	21	21	21	21
	27	19	40	48	53	61	65	68	69	61
	12	16	16	20	23	8	1	4	28	33
Trade Payables	17	33	22	12	15	9	8	7	9	8
	19	23	16	12	9	3	5	14	28	41
Total Liabilities	76	107	116	113	122	103	100	115	155	163
ASSETS	-	-	-	-	-	-	-	-	-	-
	13	15	16	14	10	6	8	17	29	41
Capital Work in Progress	1	1	0	0	0	0	0	2	2	3
	0	0	0	0	0	0	2	6	13	14
	0	0	0	0	0	0	0	71	76	78
Cash & Bank	2	2	2	2	3	12	2	0	0	4
	60	89	98	97	109	84	87	19	34	24
Total Assets	76	107	116	113	122	103	100	115	155	163
Total Debt	28	33	28	28	28	9	2	14	52	66
Net Working Capital	29	34	55	62	62	68	66	63	39	34
Contingent Liabilities	5	4	5	7	5	9	9	10	132	11
Book Value per Share	165.44	22.28	29.11	32.92	35.18	38.90	40.66	42.42	42.95	38.88
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6	5	-2	6	4	27	4	7	2	9
Cash from Investing	-6	-6	-5	-3	1	3	-5	-19	-38	-14
Cash from Financing	-1	1	7	-4	-3	-21	-9	10	35	9
	-1	-0	0	-0	1	9	-10	-2	-0	4
Free Cash Flow	-10	1	-6	4	4	11	4	0	-9	-9
OCF / Net Profit	1.59	0.76	-0.19	0.69	0.63	3.49	1.19	1.89	2.22	-1.03
Cumulative 5-Year FCF	0	0	0	0	-7	14	18	24	11	-2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	22.78	4.11	5.04	4.41	2.75	3.71	1.74	1.75	0.51	-4.05
Book Value (₹)	165.44	22.28	29.11	32.92	35.18	38.90	40.66	42.42	42.95	38.88
Dividend per Share (₹)	0.00	0.00	0.50	0.50	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	4.63	7.10	7.52	6.91	4.61	4.91	2.96	2.95	3.01	-0.98
PROFITABILITY
Operating Margin %	5.46%	4.56%	4.67%	5.26%	4.15%	4.90%	2.46%	2.07%	2.68%	0.22%
Net Margin %	1.85%	1.66%	2.18%	2.39%	1.71%	2.58%	1.00%	1.11%	0.35%	-2.76%
ROE %	14.91%	20.22%	22.17%	14.23%	8.08%	10.03%	4.38%	4.21%	1.20%	-9.91%
ROCE %	16.00%	20.73%	22.38%	16.34%	10.18%	12.76%	7.21%	7.09%	4.46%	-2.06%
	5.46%	6.97%	9.55%	8.12%	4.94%	6.98%	3.63%	3.44%	0.80%	-5.37%
EFFICIENCY
Debtor Days	88	64	64	84	99	94	63	74	88	91
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0
	88	64	64	84	99	94	63	74	88	91
FINANCIAL HEALTH
Debt to Equity (x)	0.98x	0.96x	0.45x	0.40x	0.38x	0.11x	0.02x	0.15x	0.58x	0.81x
Interest Coverage (x)	3.31x	3.92x	6.74x	5.32x	4.46x	7.11x	4.46x	5.15x	1.58x	-0.59x
	1.92x	1.62x	2.28x	2.76x	2.45x	4.54x	6.28x	4.74x	1.87x	1.61x
GROWTH
Revenue Growth %	-3.44%	80.59%	27.04%	-20.34%	-12.84%	-10.57%	21.07%	-9.34%	-8.39%	1.63%
Operating Profit Growth %	70.78%	50.94%	29.86%	-10.12%	-31.30%	5.71%	-39.31%	3.13%	15.50%	-67.48%
Net Profit Growth %	115.33%	62.45%	66.68%	-12.54%	-37.67%	35.07%	-53.15%	0.46%	-70.72%	-891.67%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.46%	-70.72%	-891.64%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	26.96x	101.56x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.11x	1.21x	1.52x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	12.11x	15.03x	53.35x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.23	67.23	67.23	67.23	68.68	69.24	69.80	71.94	72.19
	0.02	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	32.75	32.70	32.77	32.77	31.32	30.76	30.20	28.06	27.81

Documents

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

2026-08-21

Copy of Newspaper Publication

2026-08-21 - OBCL Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-20

Shareholders meeting

2026-08-20 - OBCL Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 16, 2026

2026-07-30

Copy of Newspaper Publication

2026-07-30 - OBCL Limited has informed the Exchange about Copy of Newspaper Publication

2026-07-30

General Updates

2026-07-30 - OBCL Limited has informed the Exchange about General Updates

2026-07-29

Updates

2026-07-29 - OBCL Limited has informed the Exchange regarding 'Intimation of AGM'.

2026-07-29

Outcome of Board Meeting

2026-07-29 - OBCL Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-13

Name Change

2026-07-13 - OBCL: Members of the Exchange are hereby informed that the name of Orissa Bengal Carrier Limited shall be changed to OBCL Limited w.e.f. July 17, 2026.

2026-07-10

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-10 - Orissa Bengal Carrier Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-06-26

Trading Window

2026-06-26 - Orissa Bengal Carrier Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

News

Recent coverage and analyst commentary for OBCL

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Free 5nance Account

Name

CONCOR

510.10

31.28

38850.13

1.69

268.90

0.61

2159.76

0.28

14.79

20.41

DELHIVERY

452.70

362.59

33914.79

0.00

31.91

-64.96

2930.73

27.76

2.97

4.75

SHADOWFAX

253.60

133.20

14879.49

0.00

654.00

6732.86

13581.20

1806.32

11.58

6.76

BLACKBUCK

582.60

62.87

10613.06

0.00

42.17

25.14

204.17

42.17

12.75

24.35

TCI

868.10

14.61

6669.71

1.15

106.60

-0.56

1248.50

9.58

20.52

12.30

TVSSCS

124.35

84.72

5486.62

0.00

22.48

-96.84

3335.22

28.66

11.51

6.75

VRLLOG

231.45

19.65

4048.92

0.00

805.30

1509.31

8788.40

1080.70

26.47

21.23

MAHLOG

391.75

101.07

3889.19

0.64

27.83

394.81

2002.88

23.29

10.40

5.76

SINDHUTRAD

23.81

47.44

3671.33

0.00

38.74

-79.39

129.21

-21.85

12.80

45.34

GATEWAY

53.04

10.85

2650.11

6.13

512.68

724.44

5492.97

897.94

17.99

21.31

TCIEXP

542.30

25.28

2084.83

1.29

20.49

5.24

313.40

9.29

13.92

10.03

OBCL

54.77

0.00

115.47

0.00

1.21

-35.29

82.37

-3.35

-1.02

2.98

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

Operating Profit

-2

OPM %

3.93%

3.37%

3.23%

-3.07%

3.13%

3.36%

4.70%

1.82%

2.42%

0.10%

0.87%

-1.90%

2.99%

Other Income

-0

-1

Interest

Depreciation

-2

-1

-2

-5

Tax %

22.11%

23.57%

25.93%

7.25%

20.93%

25.17%

82.93%

4.20%

53.85%

-8.76%

-10.86%

2.42%

317.65%

Net Profit

-2

-1

-2

-4

-0

-1

-2

-0

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

213

384

488

389

339

303

367

333

305

310

320

202

369

467

370

326

292

359

326

297

309

322

Operating Profit

—

OPM %

—

Other Income

Interest

Depreciation

-8

Tax %

-6

-5

Net Profit

-9

EPS

-4

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

-4

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

Trade Payables

Total Liabilities

107

116

113

122

103

100

115

155

163

ASSETS

Capital Work in Progress

Cash & Bank

109

Total Assets

107

116

113

122

103

100

115

155

163

Total Debt

Net Working Capital

Contingent Liabilities

132

Book Value per Share

165.44

22.28

29.11

32.92

35.18

38.90

40.66

42.42

42.95

38.88

Face Value

10.00

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-2

Cash from Investing

-6

-5

-3

-5

-19

-38

-14

Cash from Financing

-1

-4

-3

-21

-9

-1

-0

-10

-2

-0

Free Cash Flow

-10

-6

-9

OCF / Net Profit

1.59

0.76

-0.19

0.69

0.63

3.49

1.19

1.89

2.22

-1.03

Cumulative 5-Year FCF

-7

-2

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

22.78

4.11

5.04

4.41

2.75

3.71

1.74

1.75

0.51

-4.05

Book Value (₹)

165.44

22.28

29.11

32.92

35.18

38.90

40.66

42.42

42.95

38.88

Dividend per Share (₹)

0.00

0.50

0.00

Cash EPS (₹)

4.63

7.10

7.52

6.91

4.61

4.91

2.96

2.95

3.01

-0.98

PROFITABILITY

Operating Margin %

5.46%

4.56%

4.67%

5.26%

4.15%

4.90%

2.46%

2.07%

2.68%

0.22%

Net Margin %

1.85%

1.66%

2.18%

2.39%

1.71%

2.58%

1.00%

1.11%

0.35%

-2.76%

ROE %

14.91%

20.22%

22.17%

14.23%

8.08%

10.03%

4.38%

4.21%

1.20%

-9.91%

ROCE %

16.00%

20.73%

22.38%

16.34%

10.18%

12.76%

7.21%

7.09%

4.46%

-2.06%

5.46%

6.97%

9.55%

8.12%

4.94%

6.98%

3.63%

3.44%

0.80%

-5.37%

EFFICIENCY

Debtor Days

Inventory Days

Payable Days

FINANCIAL HEALTH

Debt to Equity (x)

0.98x

0.96x

0.45x

0.40x

0.38x

0.11x

0.02x

0.15x

0.58x

0.81x

Interest Coverage (x)

3.31x

3.92x

6.74x

5.32x

4.46x

7.11x

4.46x

5.15x

1.58x

-0.59x

1.92x

1.62x

2.28x

2.76x

2.45x

4.54x

6.28x

4.74x

1.87x

1.61x

GROWTH

Revenue Growth %

-3.44%

80.59%

27.04%

-20.34%

-12.84%

-10.57%

21.07%

-9.34%

-8.39%

1.63%

Operating Profit Growth %

70.78%

50.94%

29.86%

-10.12%

-31.30%

5.71%

-39.31%

3.13%

15.50%

-67.48%

Net Profit Growth %

115.33%

62.45%

66.68%

-12.54%

-37.67%

35.07%

-53.15%

0.46%

-70.72%

-891.67%

0.00%

0.46%

-70.72%

-891.64%

VALUATION

P/E (x)

0.00x

26.96x

101.56x

0.00x

P/B (x)

0.00x

1.11x

1.21x

1.52x

Dividend Yield %

0.00%

0.00x

12.11x

15.03x

53.35x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

67.23

68.68

69.24

69.80

71.94

72.19

0.02

0.07

0.00

DIIs

0.00

Government

0.00

32.75

32.70

32.77

31.32

30.76

30.20

28.06

27.81

OBCL Ltd.

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OBCL 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