BCL Industries Ltd.

36.5-1.86%

2026-08-21

bcl.ind.inBSE: 524332NSE: BCLIND
Market Cap₹ 1,059 Cr.
Current Price₹ 37
High / Low₹ 45 / 26
Stock P/E9.1
Book Value₹ 32
Price to Book1.32
Dividend Yield0.98 %
ROCE13.6 %
ROE14.4 %
Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Distillery Unit: 66.1% • Oil & Vanaspati: 33.6% • Real Estate: 0.3%

PROS

  • Company has delivered good profit growth of 31.8% CAGR over last 5 years
  • Company has consistently been profitable over the last 5 years
  • Company has delivered good sales growth of 25.2% CAGR over last 5 years
  • Company has a consistent dividend-paying track record
  • Company converts assets efficiently - asset turnover of 2.0x

CONS

  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.50x)
  • Free cash flow has been persistently negative
  • Equity base is being diluted - shares outstanding up 22.2%
  • Growth is decelerating - 3Y profit CAGR (6.7%) trails the 5Y trend (31.8%)
  • Though reporting repeated profits, the company pays out little dividend (8.1%)

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

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.MARICO848.5558.36110174.700.47652.0027.103957.0021.4252.2520.70
2.PATANJALI351.0019.3938192.611.003357.341761.48113374.511173.9122.344.79
3.AWL188.5521.2024505.440.53351.3947.6720048.1417.5218.523.56
4.GOKULAGRO242.5017.027155.850.00122.6371.265281.957.2634.583.85
5.SUNDROP650.0087.672450.300.0012.13181.44428.0815.222.015.84
6.BCLIND35.889.081059.050.9835.526.10623.42-24.0013.609.80
7.KRITINUT84.2012.66421.873.568.92-6.03247.087.8820.304.72
8.GOKUL40.0019.13395.980.006.0857.631016.759.758.661.63
9.VIJSOLX700.009.40224.090.005.58428.60622.5035.207.351.40
10.MKPL4.180.00156.910.001.38-60.63115.160.1813.462.18
11.ROML44.003.8870.350.001.11-21.0635.565.8215.265.16
12.NKIND62.790.0037.740.00-0.665.482.27-39.970.00-4.94
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
446
406
Operating Profit
OPM %
Other Income
2
Interest
7
Depreciation
7
27
Tax %
26.76%
Net Profit
0
1
Equity Capital
24
Reserves
492
Promoter Pledge %
0.00%
Equity Capital
24
Reserves
492
Promoter Pledge %
0.00%
Sep 2023
481
434
Operating Profit
OPM %
Other Income
2
Interest
9
Depreciation
9
30
Tax %
35.15%
Net Profit
0
1
Equity Capital
25
Reserves
546
Promoter Pledge %
0.00%
Equity Capital
25
Reserves
546
Promoter Pledge %
0.00%
Dec 2023
644
590
Operating Profit
OPM %
Other Income
2
Interest
10
Depreciation
10
38
Tax %
12.58%
Net Profit
0
1
Equity Capital
27
Reserves
612
Promoter Pledge %
0.00%
Equity Capital
27
Reserves
612
Promoter Pledge %
0.00%
Mar 2024
614
563
Operating Profit
OPM %
Other Income
2
Interest
7
Depreciation
10
35
Tax %
32.00%
Net Profit
0
1
Equity Capital
27
Reserves
624
Promoter Pledge %
0.00%
Equity Capital
27
Reserves
624
Promoter Pledge %
0.00%
Jun 2024
659
605
Operating Profit
OPM %
Other Income
2
Interest
11
Depreciation
11
34
Tax %
26.84%
Net Profit
25
1
Equity Capital
30
Reserves
706
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
706
Promoter Pledge %
0.00%
Sep 2024
746
691
Operating Profit
OPM %
Other Income
2
Interest
6
Depreciation
11
39
Tax %
23.98%
Net Profit
30
1
Equity Capital
30
Reserves
727
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
727
Promoter Pledge %
0.00%
Dec 2024
762
715
Operating Profit
OPM %
Other Income
2
Interest
8
Depreciation
12
29
Tax %
27.55%
Net Profit
21
1
Equity Capital
30
Reserves
747
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
747
Promoter Pledge %
0.00%
Mar 2025
743
694
Operating Profit
OPM %
Other Income
3
Interest
5
Depreciation
12
35
Tax %
21.14%
Net Profit
28
1
Equity Capital
30
Reserves
772
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
772
Promoter Pledge %
0.00%
Jun 2025
820
767
Operating Profit
OPM %
Other Income
3
Interest
7
Depreciation
11
38
Tax %
11.31%
Net Profit
33
1
Equity Capital
30
Reserves
803
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
803
Promoter Pledge %
0.00%
Sep 2025
719
652
Operating Profit
OPM %
Other Income
1
Interest
10
Depreciation
13
45
Tax %
29.97%
Net Profit
32
1
Equity Capital
30
Reserves
824
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
824
Promoter Pledge %
0.00%
Dec 2025
756
690
Operating Profit
OPM %
Other Income
2
Interest
7
Depreciation
13
48
Tax %
26.03%
Net Profit
35
1
Equity Capital
30
Reserves
856
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
856
Promoter Pledge %
0.00%
Mar 2026
608
553
Operating Profit
OPM %
Other Income
3
Interest
8
Depreciation
13
37
Tax %
28.92%
Net Profit
26
1
Equity Capital
30
Reserves
880
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
880
Promoter Pledge %
0.00%
Jun 2026
623
581
Operating Profit
OPM %
Other Income
5
Interest
5
Depreciation
14
47
Tax %
24.13%
Net Profit
36
0
Equity Capital
30
Reserves
902
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
902
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017
660
623
Operating Profit
41
OPM %
6
Other Income
5
Interest
21
Depreciation
9
11
Tax %
14
Net Profit
10
EPS
7
Dividend Payout %
15
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2018
847
800
Operating Profit
54
OPM %
6
Other Income
7
Interest
21
Depreciation
11
22
Tax %
18
Net Profit
18
EPS
10
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2019
891
817
Operating Profit
81
OPM %
9
Other Income
8
Interest
19
Depreciation
11
52
Tax %
20
Net Profit
41
EPS
24
Dividend Payout %
5
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2020
913
857
Operating Profit
63
OPM %
7
Other Income
7
Interest
15
Depreciation
14
35
Tax %
26
Net Profit
26
EPS
13
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2021
1,427
1,359
Operating Profit
97
OPM %
7
Other Income
28
Interest
26
Depreciation
13
58
Tax %
27
Net Profit
42
EPS
19
Dividend Payout %
29
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2022
1,988
1,850
Operating Profit
146
OPM %
7
Other Income
8
Interest
18
Depreciation
15
113
Tax %
25
Net Profit
85
EPS
35
Dividend Payout %
14
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Mar 2023
1,818
1,695
Operating Profit
130
OPM %
7
Other Income
7
Interest
20
Depreciation
25
85
Tax %
25
Net Profit
64
EPS
3
Dividend Payout %
18
Minority Interest
2
Share of Associates
0
Adjusted EPS
3
Minority Interest
2
Share of Associates
0
Adjusted EPS
3
Mar 2024
2,129
1,938
Operating Profit
199
OPM %
9
Other Income
8
Interest
33
Depreciation
36
130
Tax %
26
Net Profit
96
EPS
3
Dividend Payout %
8
Minority Interest
-6
Share of Associates
0
Adjusted EPS
3
Minority Interest
-6
Share of Associates
0
Adjusted EPS
3
Mar 2025
2,815
2,611
Operating Profit
214
OPM %
8
Other Income
9
Interest
31
Depreciation
46
137
Tax %
25
Net Profit
103
EPS
3
Dividend Payout %
8
Minority Interest
-8
Share of Associates
0
Adjusted EPS
3
Minority Interest
-8
Share of Associates
0
Adjusted EPS
3
TTM
2,707
2,476
Operating Profit
OPM %
Other Income
11
Interest
31
Depreciation
54
176
Tax %
27
Net Profit
128
EPS
Dividend Payout %
Minority Interest
3
Share of Associates
0
Adjusted EPS
Minority Interest
3
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
25%
3 Years:
12%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
30%
3 Years:
4%

STOCK PRICE CAGR

10 Years:
5 Years:
11%
3 Years:
-6%
1 Year:
-11%

RETURN ON EQUITY

10 Years:
5 Years:
18%
3 Years:
16%
Last Year:
14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

Sep 18

₹ 0.35

Rs.0.3500 per share(35%)Final Dividend

2025

Sep 19

₹ 0.26

Rs.0.2600 per share(26%)Final Dividend

2024

Sep 11

₹ 0.25

Rs.0.2500 per share(25%)Final Dividend

2023

Sep 22

₹ 0.50

Rs.5.0000 per share(50%)Final Dividend

2022

Sep 19

₹ 0.30

Rs.3.0000 per share(30%)Final Dividend

2022

Mar 22

₹ 0.20

Rs.2.0000 per share(20%)Interim Dividend

2021

Sep 20

₹ 0.50

Rs.5.0000 per share(50%)Final Dividend

2017

Sep 14

₹ 0.10

2015

Sep 21

₹ 0.04

Rs.0.4000 per share(4%)Final Dividend

2026

Aug 13

₹ 0.35

Rs.0.3500 per share(35%)Final Dividend

Mar 2017
Equity Capital
14
84
109
Trade Payables
133
141
Total Liabilities
481
84
Capital Work in Progress
54
25
241
0
Cash & Bank
19
58
Total Assets
481
Total Debt
217
Net Working Capital
81
Contingent Liabilities
0
Book Value per Share
68.67
Face Value
10.00
Total Debt
217
Net Working Capital
81
Contingent Liabilities
0
Book Value per Share
68.67
Face Value
10.00
Mar 2018
Equity Capital
16
110
126
Trade Payables
101
142
Total Liabilities
495
136
Capital Work in Progress
5
33
262
0
Cash & Bank
5
54
Total Assets
495
Total Debt
228
Net Working Capital
98
Contingent Liabilities
0
Book Value per Share
79.46
Face Value
10.00
Total Debt
228
Net Working Capital
98
Contingent Liabilities
0
Book Value per Share
79.46
Face Value
10.00
Mar 2019
Equity Capital
17
162
104
Trade Payables
152
125
Total Liabilities
560
138
Capital Work in Progress
10
34
266
0
Cash & Bank
14
98
Total Assets
560
Total Debt
192
Net Working Capital
110
Contingent Liabilities
8
Book Value per Share
102.71
Face Value
10.00
Total Debt
192
Net Working Capital
110
Contingent Liabilities
8
Book Value per Share
102.71
Face Value
10.00
Mar 2020
Equity Capital
19
198
112
Trade Payables
153
121
Total Liabilities
604
129
Capital Work in Progress
19
36
333
0
Cash & Bank
14
74
Total Assets
604
Total Debt
178
Net Working Capital
127
Contingent Liabilities
6
Book Value per Share
113.31
Face Value
10.00
Total Debt
178
Net Working Capital
127
Contingent Liabilities
6
Book Value per Share
113.31
Face Value
10.00
Mar 2021
Equity Capital
24
261
125
Trade Payables
100
123
Total Liabilities
632
129
Capital Work in Progress
29
26
251
0
Cash & Bank
14
184
Total Assets
632
Total Debt
183
Net Working Capital
175
Contingent Liabilities
3
Book Value per Share
117.68
Face Value
10.00
Total Debt
183
Net Working Capital
175
Contingent Liabilities
3
Book Value per Share
117.68
Face Value
10.00
Mar 2022
Equity Capital
24
343
145
Trade Payables
79
167
Total Liabilities
758
130
Capital Work in Progress
166
5
196
0
Cash & Bank
21
240
Total Assets
758
Total Debt
260
Net Working Capital
126
Contingent Liabilities
1
Book Value per Share
151.63
Face Value
10.00
Total Debt
260
Net Working Capital
126
Contingent Liabilities
1
Book Value per Share
151.63
Face Value
10.00
Mar 2023
Equity Capital
24
407
205
Trade Payables
124
335
Total Liabilities
1,096
316
Capital Work in Progress
212
7
321
0
Cash & Bank
8
232
Total Assets
1,096
Total Debt
438
Net Working Capital
154
Contingent Liabilities
6
Book Value per Share
178.40
Face Value
10.00
Total Debt
438
Net Working Capital
154
Contingent Liabilities
6
Book Value per Share
178.40
Face Value
10.00
Mar 2024
Equity Capital
27
603
189
Trade Payables
95
386
Total Liabilities
1,301
619
Capital Work in Progress
13
10
385
122
Cash & Bank
6
147
Total Assets
1,301
Total Debt
476
Net Working Capital
281
Contingent Liabilities
19
Book Value per Share
23.12
Face Value
1.00
Total Debt
476
Net Working Capital
281
Contingent Liabilities
19
Book Value per Share
23.12
Face Value
1.00
Mar 2025
Equity Capital
30
772
229
Trade Payables
130
395
Total Liabilities
1,555
613
Capital Work in Progress
110
11
445
132
Cash & Bank
28
216
Total Assets
1,555
Total Debt
535
Net Working Capital
343
Contingent Liabilities
14
Book Value per Share
27.14
Face Value
1.00
Total Debt
535
Net Working Capital
343
Contingent Liabilities
14
Book Value per Share
27.14
Face Value
1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017
65
Cash from Investing
-45
Cash from Financing
-6
13
Free Cash Flow
65
OCF / Net Profit
6.64
Cumulative 5-Year FCF
0
OCF / Net Profit
6.64
Cumulative 5-Year FCF
0
Mar 2018
10
Cash from Investing
-40
Cash from Financing
16
-14
Free Cash Flow
-3
OCF / Net Profit
0.58
Cumulative 5-Year FCF
0
OCF / Net Profit
0.58
Cumulative 5-Year FCF
0
Mar 2019
53
Cash from Investing
-19
Cash from Financing
-25
8
Free Cash Flow
35
OCF / Net Profit
1.28
Cumulative 5-Year FCF
0
OCF / Net Profit
1.28
Cumulative 5-Year FCF
0
Mar 2020
29
Cash from Investing
-13
Cash from Financing
-21
-6
Free Cash Flow
17
OCF / Net Profit
1.11
Cumulative 5-Year FCF
0
OCF / Net Profit
1.11
Cumulative 5-Year FCF
0
Mar 2021
5
Cash from Investing
-13
Cash from Financing
6
-2
Free Cash Flow
-17
OCF / Net Profit
0.11
Cumulative 5-Year FCF
0
OCF / Net Profit
0.11
Cumulative 5-Year FCF
0
Mar 2022
95
Cash from Investing
-145
Cash from Financing
62
12
Free Cash Flow
-58
OCF / Net Profit
1.12
Cumulative 5-Year FCF
-26
OCF / Net Profit
1.12
Cumulative 5-Year FCF
-26
Mar 2023
29
Cash from Investing
-250
Cash from Financing
206
-16
Free Cash Flow
-228
OCF / Net Profit
0.44
Cumulative 5-Year FCF
-252
OCF / Net Profit
0.44
Cumulative 5-Year FCF
-252
Mar 2024
39
Cash from Investing
-131
Cash from Financing
92
0
Free Cash Flow
-98
OCF / Net Profit
0.41
Cumulative 5-Year FCF
-385
OCF / Net Profit
0.41
Cumulative 5-Year FCF
-385
Mar 2025
63
Cash from Investing
-129
Cash from Financing
83
17
Free Cash Flow
-71
OCF / Net Profit
0.61
Cumulative 5-Year FCF
-472
OCF / Net Profit
0.61
Cumulative 5-Year FCF
-472

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017
EPS (₹)
6.71
Book Value (₹)
68.67
Dividend per Share (₹)
1.00
Cash EPS (₹)
1.29
Operating Margin %
6.15%
Net Margin %
1.45%
ROE %
10.05%
ROCE %
10.39%
2.03%
Debtor Days
26
Inventory Days
131
Payable Days
93
63
Debt to Equity (x)
2.23x
Interest Coverage (x)
1.53x
1.32x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2018
EPS (₹)
11.45
Book Value (₹)
79.46
Dividend per Share (₹)
0.00
Cash EPS (₹)
1.81
Operating Margin %
6.30%
Net Margin %
2.10%
ROE %
16.07%
ROCE %
12.78%
3.65%
Debtor Days
19
Inventory Days
108
Payable Days
64
64
Debt to Equity (x)
1.82x
Interest Coverage (x)
2.02x
1.39x
Revenue Growth %
28.40%
Operating Profit Growth %
29.74%
Net Profit Growth %
82.72%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2019
EPS (₹)
23.72
Book Value (₹)
102.71
Dividend per Share (₹)
1.20
Cash EPS (₹)
2.99
Operating Margin %
9.06%
Net Margin %
4.61%
ROE %
27.17%
ROCE %
19.20%
7.82%
Debtor Days
21
Inventory Days
108
Payable Days
66
63
Debt to Equity (x)
1.07x
Interest Coverage (x)
3.78x
1.40x
Revenue Growth %
5.10%
Operating Profit Growth %
51.66%
Net Profit Growth %
131.44%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2020
EPS (₹)
13.54
Book Value (₹)
113.31
Dividend per Share (₹)
0.00
Cash EPS (₹)
2.06
Operating Margin %
6.88%
Net Margin %
2.81%
ROE %
13.05%
ROCE %
12.93%
4.44%
Debtor Days
19
Inventory Days
119
Payable Days
76
63
Debt to Equity (x)
0.82x
Interest Coverage (x)
3.36x
1.42x
Revenue Growth %
2.57%
Operating Profit Growth %
-22.18%
Net Profit Growth %
-37.38%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
17.47
Book Value (₹)
117.68
Dividend per Share (₹)
5.00
Cash EPS (₹)
2.27
Operating Margin %
6.75%
Net Margin %
2.95%
ROE %
16.82%
ROCE %
19.45%
6.82%
Debtor Days
22
Inventory Days
74
Payable Days
38
58
Debt to Equity (x)
0.64x
Interest Coverage (x)
3.23x
1.65x
Revenue Growth %
56.26%
Operating Profit Growth %
52.83%
Net Profit Growth %
63.07%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
35.13
Book Value (₹)
151.63
Dividend per Share (₹)
5.00
Cash EPS (₹)
4.12
Operating Margin %
7.31%
Net Margin %
4.25%
ROE %
26.07%
ROCE %
23.95%
12.20%
Debtor Days
22
Inventory Days
41
Payable Days
20
43
Debt to Equity (x)
0.71x
Interest Coverage (x)
7.42x
1.49x
Revenue Growth %
39.27%
Operating Profit Growth %
50.81%
Net Profit Growth %
101.11%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
27.45
Book Value (₹)
178.40
Dividend per Share (₹)
5.00
Cash EPS (₹)
3.70
Operating Margin %
7.16%
Net Margin %
3.54%
ROE %
16.15%
ROCE %
13.64%
6.95%
Debtor Days
20
Inventory Days
52
Payable Days
26
45
Debt to Equity (x)
1.02x
Interest Coverage (x)
5.31x
1.43x
Revenue Growth %
-8.52%
Operating Profit Growth %
-10.59%
Net Profit Growth %
-24.09%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
3.32
Book Value (₹)
23.12
Dividend per Share (₹)
0.25
Cash EPS (₹)
4.84
Operating Margin %
8.70%
Net Margin %
4.36%
ROE %
18.09%
ROCE %
15.92%
8.01%
Debtor Days
18
Inventory Days
58
Payable Days
25
51
Debt to Equity (x)
0.76x
Interest Coverage (x)
4.92x
1.81x
Revenue Growth %
17.10%
Operating Profit Growth %
52.94%
Net Profit Growth %
49.05%
-87.92%
P/E (x)
16.93x
P/B (x)
2.43x
Dividend Yield %
0.45%
10.03x
Mar 2025
EPS (₹)
3.22
Book Value (₹)
27.14
Dividend per Share (₹)
0.26
Cash EPS (₹)
5.05
Operating Margin %
7.03%
Net Margin %
3.53%
ROE %
14.38%
ROCE %
13.60%
7.20%
Debtor Days
16
Inventory Days
52
Payable Days
18
49
Debt to Equity (x)
0.67x
Interest Coverage (x)
5.41x
1.81x
Revenue Growth %
32.22%
Operating Profit Growth %
7.23%
Net Profit Growth %
7.23%
-2.96%
P/E (x)
11.10x
P/B (x)
1.32x
Dividend Yield %
0.73%
7.31x

Shareholding Pattern

Numbers in percentages

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

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