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Last Updated: April 2, 2026, 4:11 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 508136 | NSE: BNALTD

B&A Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹523.93Undervalued by 41.60%vs CMP ₹370.00

P/E (20.2) × ROE (6.0%) × BV (₹528.00) × DY (2.00%)

₹457.75Undervalued by 23.72%vs CMP ₹370.00
MoS: +19.2% (Adequate)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹392.6026%Fair (+6.1%)
Graham NumberEarnings₹467.0319%Under (+26.2%)
Earnings PowerEarnings₹82.0412%Over (-77.8%)
Net Asset ValueAssets₹527.658%Under (+42.6%)
EV/EBITDAEnterprise₹106.1710%Over (-71.3%)
Earnings YieldEarnings₹183.608%Over (-50.4%)
ROCE CapitalReturns₹1,589.5610%Under (+329.6%)
Revenue MultipleRevenue₹424.706%Under (+14.8%)
Consensus (8 models)₹457.75100%Undervalued
Key Drivers: EPS CAGR -25.1% drags value — could be higher if earnings stabilize. | Wide model spread (₹82–₹1,590) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -25.1%

*Investments are subject to market risks

Investment Snapshot

56
B&A Ltd scores 56/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 9.0% AverageROE 6.0% AverageD/E 0.36 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 59.5% Stable
Earnings Quality50/100 · Moderate
OPM contracting (12% → 5%) DecliningWorking capital: 15 days (improving) Efficient
Quarterly Momentum70/100 · Strong
Revenue (4Q): +9% YoY GrowingProfit (4Q): +28% YoY StrongOPM: -3.7% (down 5.4% YoY) Margin pressure
Industry Rank45/100 · Moderate
P/E 20.2 vs industry 52.2 Cheaper than peersROCE 9.0% vs industry 7.9% AverageROE 6.0% vs industry 16.7% Below peers3Y sales CAGR: -3% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:11 am

Market Cap 115 Cr.
Current Price 370
Intrinsic Value₹457.75
High / Low 639/324
Stock P/E20.2
Book Value 528
Dividend Yield0.00 %
ROCE8.96 %
ROE6.02 %
Face Value 10.0
PEG Ratio-0.81

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for B&A Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
B&A Ltd 115 Cr. 370 639/32420.2 5280.00 %8.96 %6.02 % 10.0
Dhunseri Tea & Industries Ltd 122 Cr. 116 230/102 5280.86 %4.45 %9.21 % 10.0
Bengal Tea & Fabrics Ltd 131 Cr. 145 168/12613.0 2231.03 %5.22 %55.3 % 10.0
Norben Tea & Exports Ltd 140 Cr. 89.9 99.5/30.5 12.90.00 %3.90 %1.22 % 10.0
Rossell India Ltd 166 Cr. 44.1 87.1/40.09.33 59.20.91 %10.5 %10.8 % 2.00
Industry Average8,439.13 Cr368.0352.18265.000.47%7.88%16.74%7.00

All Competitor Stocks of B&A Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 80.3038.4254.33101.8196.2637.7150.5197.3873.4443.0255.63102.9080.88
Expenses 76.5949.2758.7177.1284.4252.3451.7767.6572.2163.3655.6472.8583.90
Operating Profit 3.71-10.85-4.3824.6911.84-14.63-1.2629.731.23-20.34-0.0130.05-3.02
OPM % 4.62%-28.24%-8.06%24.25%12.30%-38.80%-2.49%30.53%1.67%-47.28%-0.02%29.20%-3.73%
Other Income 3.331.940.596.360.931.430.931.061.2412.771.111.050.53
Interest 1.050.571.671.060.820.991.661.531.441.421.672.121.57
Depreciation 1.341.421.311.371.311.141.761.761.770.621.491.541.58
Profit before tax 4.65-10.90-6.7728.6210.64-15.33-3.7527.50-0.74-9.61-2.0627.44-5.64
Tax % 17.42%26.61%9.01%6.46%7.52%-0.46%-10.67%4.47%113.51%12.49%11.17%3.90%-2.13%
Net Profit 3.84-13.81-7.3926.789.83-15.26-3.3526.27-1.58-10.80-2.2926.38-5.51
EPS in Rs 10.58-44.94-25.1982.2629.94-52.42-13.9782.00-6.97-36.06-8.9782.23-18.84

Last Updated: March 3, 2026, 12:00 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 12:00 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 140146156156189191207248290292290264282
Expenses 116125134138166173190216247269273255276
Operating Profit 242222182419173243231897
OPM % 17%15%14%11%12%10%8%13%15%8%6%4%2%
Other Income 111101122691615
Interest 7655566544567
Depreciation 3334455555565
Profit before tax 151315101598243621171310
Tax % 23%21%28%30%30%26%20%30%26%33%19%18%
Net Profit 1110117116617271414118
EPS in Rs 35.5531.2931.6518.9729.9716.1913.1046.1677.7136.8434.5826.5818.36
Dividend Payout % 8%10%9%16%10%6%0%2%3%1%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-9.09%10.00%-36.36%57.14%-45.45%0.00%183.33%58.82%-48.15%0.00%-21.43%
Change in YoY Net Profit Growth (%)0.00%19.09%-46.36%93.51%-102.60%45.45%183.33%-124.51%-106.97%48.15%-21.43%

B&A Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:5%
3 Years:-3%
TTM:-6%
Compounded Profit Growth
10 Years:-2%
5 Years:15%
3 Years:-30%
TTM:-35%
Stock Price CAGR
10 Years:14%
5 Years:19%
3 Years:9%
1 Year:-27%
Return on Equity
10 Years:10%
5 Years:11%
3 Years:7%
Last Year:6%

Last Updated: September 5, 2025, 2:31 pm

Balance Sheet

Last Updated: December 4, 2025, 2:28 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3333333333333
Reserves 6874835967707388111119130138161
Borrowings 44423846424536412430496787
Other Liabilities 34374244515952546065716580
Total Liabilities 149156166152163177165186199217253274331
Fixed Assets 10010010265788282848689117118122
CWIP 159211197566101511
Investments 0000000000111
Other Assets 4951556774867696107123124140197
Total Assets 149156166152163177165186199217253274331

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 81819517121316311132-3
Cash from Investing Activity + -6-10-9-8-7-7-2-6-14-16-49-3
Cash from Financing Activity + -0-9-8-7-9-9-60-5-69-4
Net Cash Flow 2-11-110-451012-11-9-10
Free Cash Flow 289-4951110243-0-14
CFO/OP 34%89%98%46%83%79%106%71%87%96%217%-11%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-20.00-20.00-16.00-28.00-18.00-26.00-19.00-9.0019.00-7.00-31.00-58.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 262527272830303230283032
Inventory Days 107121115163138171112280342
Days Payable 1111251421099910269130155
Cash Conversion Cycle 2221-0816810072182216283032
Working Capital Days -59-61-51-48-32-32-121041482515
ROCE %19%16%16%12%18%12%11%22%27%13%9%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 59.15%59.15%59.15%59.15%59.15%59.15%59.15%59.15%59.15%59.46%59.46%59.47%
DIIs 0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public 40.84%40.85%40.84%40.85%40.85%40.85%40.84%40.83%40.83%40.52%40.53%40.53%
No. of Shareholders 2,6642,6052,4052,3382,2182,1932,2132,1542,1232,1222,1242,128

Shareholding Pattern Chart

No. of Shareholders

B&A Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 26.5833.0336.8377.7246.18
Diluted EPS (Rs.) 26.5833.0336.8377.7246.18
Cash EPS (Rs.) 54.6460.0861.28100.6170.41
Book Value[Excl.RevalReserv]/Share (Rs.) 454.76493.75451.57419.66336.27
Book Value[Incl.RevalReserv]/Share (Rs.) 454.76493.75451.57419.66336.27
Revenue From Operations / Share (Rs.) 852.74935.85942.66936.71795.72
PBDIT / Share (Rs.) 81.8986.4583.19144.31109.21
PBIT / Share (Rs.) 62.8169.8666.45129.7694.59
PBT / Share (Rs.) 43.2755.2366.19116.3579.01
Net Profit / Share (Rs.) 35.5643.4944.5486.0655.79
NP After MI And SOA / Share (Rs.) 26.5833.0336.8377.7246.17
PBDIT Margin (%) 9.609.238.8215.4013.72
PBIT Margin (%) 7.367.467.0413.8511.88
PBT Margin (%) 5.075.907.0212.429.92
Net Profit Margin (%) 4.174.644.729.187.01
NP After MI And SOA Margin (%) 3.113.523.908.295.80
Return on Networth / Equity (%) 5.847.749.3521.0715.71
Return on Capital Employeed (%) 10.3111.4912.9526.5923.62
Return On Assets (%) 3.014.055.2612.107.71
Long Term Debt / Equity (X) 0.110.100.010.040.05
Total Debt / Equity (X) 0.470.370.240.210.36
Asset Turnover Ratio (%) 1.011.241.401.081.06
Current Ratio (X) 1.531.821.961.961.34
Quick Ratio (X) 1.031.311.151.220.80
Inventory Turnover Ratio (X) 7.113.043.181.872.77
Dividend Payout Ratio (NP) (%) 0.001.515.431.280.00
Dividend Payout Ratio (CP) (%) 0.001.003.731.080.00
Earning Retention Ratio (%) 0.0098.4994.5798.720.00
Cash Earning Retention Ratio (%) 0.0099.0096.2798.920.00
Interest Coverage Ratio (X) 4.195.916.9010.777.01
Interest Coverage Ratio (Post Tax) (X) 2.823.963.717.434.57
Enterprise Value (Cr.) 203.09176.25106.26105.3978.37
EV / Net Operating Revenue (X) 0.760.600.360.360.31
EV / EBITDA (X) 8.006.584.122.362.31
MarketCap / Net Operating Revenue (X) 0.550.470.250.270.18
Retention Ratios (%) 0.0098.4894.5698.710.00
Price / BV (X) 1.041.040.610.680.50
Price / Net Operating Revenue (X) 0.550.470.250.270.18
EarningsYield 0.050.070.150.300.31

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

B&A Ltd. is a Public Limited Listed company incorporated on 01/06/1915 and has its registered office in the State of Assam, India. Company's Corporate Identification Number(CIN) is L01132AS1915PLC000200 and registration number is 000200. Currently Company is involved in the business activities of Growing of tea. Company's Total Operating Revenue is Rs. 134.31 Cr. and Equity Capital is Rs. 3.10 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Plantations - Tea & CoffeeGariahabi Grant, Jorhat Assam 785006Contact not found
Management
NamePosition Held
Mr. Robin Aidan FarleyChairman
Mr. Somnath ChatterjeeManaging Director
Mr. Dhruba Jyoti DowerahDeputy Managing Director
Mr. Rajkamal BhuyanDirector
Mr. Anjan GhoshDirector
Mr. Amit ChowdhuriDirector
Mr. Himangshu Sekhar DasDirector
Mr. Amit Kiran DebDirector
Mrs. Mou MukherjeeDirector
Ms. Simeen HossaiDirector
Mr. Gauri Prosad SarmaDirector
Mr. Dipankar MukherjeeDirector

FAQ

What is the intrinsic value of B&A Ltd and is it undervalued?

As of 15 April 2026, B&A Ltd's intrinsic value is ₹457.75, which is 23.72% higher than the current market price of ₹370.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (6.02 %), book value (₹528), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of B&A Ltd?

B&A Ltd is trading at ₹370.00 as of 15 April 2026, with a FY2026-2027 high of ₹639 and low of ₹324. The stock is currently near its 52-week low. Market cap stands at ₹115 Cr..

How does B&A Ltd's P/E ratio compare to its industry?

B&A Ltd has a P/E ratio of 20.2, which is below the industry average of 52.18. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is B&A Ltd financially healthy?

Key indicators for B&A Ltd: ROCE of 8.96 % is on the lower side compared to the industry average of 7.88%; ROE of 6.02 % is below ideal levels (industry average: 16.74%). Dividend yield is 0.00 %.

Is B&A Ltd profitable and how is the profit trend?

B&A Ltd reported a net profit of ₹11 Cr in Mar 2025 on revenue of ₹264 Cr. Compared to ₹27 Cr in Mar 2022, the net profit shows a declining trend.

Does B&A Ltd pay dividends?

B&A Ltd has a dividend yield of 0.00 % at the current price of ₹370.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in B&A Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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