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Last Updated: April 2, 2026, 4:13 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533095 | NSE: BENGALASM

Bengal & Assam Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹4,234.07Overvalued by 25.99%vs CMP ₹5,721.00

P/E (7.7) × ROE (7.6%) × BV (₹8,954.00) × DY (0.87%)

₹8,761.83Undervalued by 53.15%vs CMP ₹5,721.00
MoS: +34.7% (Strong)Confidence: 54/100 (Moderate)Models: 6 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹4,681.2324%Over (-18.2%)
Graham NumberEarnings₹12,239.0917%Under (+113.9%)
Earnings PowerEarnings₹11,245.2311%Under (+96.6%)
DCFCash Flow₹12,966.9714%Under (+126.7%)
Net Asset ValueAssets₹8,953.318%Under (+56.5%)
EV/EBITDAEnterprise₹477.049%Over (-91.7%)
Earnings YieldEarnings₹7,435.308%Under (+30%)
ROCE CapitalReturns₹12,609.259%Under (+120.4%)
Consensus (8 models)₹8,761.83100%Undervalued
Key Drivers: Wide model spread (₹477–₹12,967) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 10.6%

*Investments are subject to market risks

Investment Snapshot

51
Bengal & Assam Company Ltd scores 51/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health45/100 · Moderate
ROCE 4.2% WeakROE 7.6% AverageD/E 1.30 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 72.9% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum58/100 · Moderate
Profit (4Q): +4% YoY Positive
Industry Rank55/100 · Moderate
P/E 7.7 vs industry 101.6 Cheaper than peersROCE 4.2% vs industry 15.8% Below peers

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, 4:13 am

Market Cap 6,524 Cr.
Current Price 5,721
Intrinsic Value₹8,761.83
High / Low 9,200/5,312
Stock P/E7.67
Book Value 8,954
Dividend Yield0.87 %
ROCE4.22 %
ROE7.64 %
Face Value 10.0
PEG Ratio0.73

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

View Share Price Target for Bengal & Assam Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bengal & Assam Company Ltd 6,524 Cr. 5,721 9,200/5,3127.67 8,9540.87 %4.22 %7.64 % 10.0
Fedbank Financial Services Ltd 4,887 Cr. 131 178/80.015.5 72.40.00 %9.82 %9.38 % 10.0
Dhenu Buildcon Infra Ltd 4,765 Cr. 8.03 8.60/5.093,610 0.010.00 %0.08 %14.3 % 1.00
SBFC Finance Ltd 9,291 Cr. 84.0 123/79.622.0 31.30.00 %11.6 %11.6 % 10.0
Five-Star Business Finance Ltd 10,628 Cr. 360 850/3389.59 2310.56 %16.3 %18.6 % 1.00
Industry Average22,241.21 Cr369.74101.56513.160.26%15.81%8.84%8.50

All Competitor Stocks of Bengal & Assam Company Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue3,9934,1034,2414,3773,777523528590489521573642531
Interest 1291351291191061010101113121311
Expenses 3,6193,6223,7103,6973,224413445432421428472451494
Financing Profit2453464025614471007314857808817826
Financing Margin %6%8%9%13%12%19%14%25%12%15%15%28%5%
Other Income 19120118143,0982917243931273922
Depreciation 1141201201221141717171717161616
Profit before tax 3224272994523,4311117315480939920133
Tax % 16%19%33%32%11%25%28%20%29%28%28%20%22%
Net Profit 2723453784373,062317256128140231258226156
EPS in Rs 212.38253.91263.66283.682,622.08275.57219.90112.86117.57197.56219.05191.94134.98
Gross NPA %
Net NPA %

Last Updated: March 3, 2026, 11:52 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 1:15 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue1,2511,3711,4381,5601,53112,53411,11910,43913,60916,52112,9622,1872,268
Interest 868494931645746095044494883644450
Expenses 1,1331,2051,2431,2831,24711,1519,8428,93712,27814,90311,0441,7271,846
Financing Profit31821011831208096689988821,1301,553417372
Financing Margin %2%6%7%12%8%6%6%10%6%7%12%19%16%
Other Income 10127262829-33-845226-72,92952119
Depreciation 33343740423674234284284563736865
Profit before tax 9974901711084091616224796674,109400426
Tax % 22%19%24%24%29%34%-85%38%35%32%16%25%
Net Profit 771782503452074575226787311,0714,194755870
EPS in Rs 83.65199.70279.03382.63231.31415.28402.92450.08555.74830.103,445.53648.25743.53
Dividend Payout % 6%4%4%3%4%3%4%2%3%3%1%8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)131.17%40.45%38.00%-40.00%120.77%14.22%29.89%7.82%46.51%291.60%-82.00%
Change in YoY Net Profit Growth (%)0.00%-90.72%-2.45%-78.00%160.77%-106.55%15.66%-22.07%38.69%245.09%-373.59%

Bengal & Assam Company 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:4%
5 Years:-28%
3 Years:-46%
TTM:-76%
Compounded Profit Growth
10 Years:15%
5 Years:7%
3 Years:5%
TTM:-46%
Stock Price CAGR
10 Years:33%
5 Years:45%
3 Years:45%
1 Year:-16%
Return on Equity
10 Years:15%
5 Years:15%
3 Years:15%
Last Year:8%

Last Updated: September 5, 2025, 2:36 pm

Balance Sheet

Last Updated: February 1, 2026, 2:26 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 999991111111111111111
Reserves 5221,2741,5141,8132,0052,9913,3633,9044,5335,5029,0529,75010,199
Borrowing3714104444223486,4746,0935,1105,5275,185422556559
Other Liabilities 3033143283474164,7344,8335,4186,1556,5279521,0191,056
Total Liabilities 1,2052,0062,2942,5912,77714,21114,30014,44316,22617,22610,43711,33611,826
Fixed Assets 3763553773663916,7016,8106,6476,8416,931461480472
CWIP 4932011287295328136232222624
Investments 5641,2891,5081,7031,9841,8192,0852,4232,7493,6029,0909,86910,322
Other Assets 2613534065023915,4045,1105,0456,5006,4608649621,008
Total Assets 1,2052,0062,2942,5912,77714,21114,30014,44316,22617,22610,43711,33611,826

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1391091441131029931,5001,7803511,4371,817294
Cash from Investing Activity + 44-105-10254-163-368-359-177-188-647-1,392-286
Cash from Financing Activity + -183-3-37-17264-567-1,184-1,567-144-778-59039
Net Cash Flow -014-5358-43371912-16547
Free Cash Flow 195858870526691,1581,582-59571,246267
CFO/OP 140%78%87%59%51%81%123%126%36%102%111%82%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-370.00-409.00-443.00-421.00-347.005.003.003.007.009.00-411.00-555.00

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 34343229326567636157962
Inventory Days 2324252728891021201149120136
Days Payable 283032323081991019670971
Cash Conversion Cycle 2928262430737081797820128
Working Capital Days -16-20-822-3951405142952
ROCE %12%12%10%12%11%15%8%10%8%10%14%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.66%72.66%72.66%73.02%73.02%73.02%73.02%73.02%73.02%73.11%72.88%72.88%
FIIs 3.90%3.92%4.28%4.31%4.31%4.31%4.55%4.57%4.55%4.47%4.42%4.43%
DIIs 0.06%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public 23.38%23.42%23.06%22.67%22.67%22.67%22.43%22.41%22.41%22.42%22.70%22.68%
No. of Shareholders 21,43520,79220,62920,81921,01921,02121,11920,33920,23120,20727,05026,177

Shareholding Pattern Chart

No. of Shareholders

Bengal & Assam Company 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.) 642.143444.99830.10555.74450.07
Diluted EPS (Rs.) 632.653444.99830.10555.74450.07
Cash EPS (Rs.) 325.453399.57804.25656.90719.49
Book Value[Excl.RevalReserv]/Share (Rs.) 8641.358180.766630.285429.774794.59
Book Value[Incl.RevalReserv]/Share (Rs.) 8641.358180.766630.285429.774794.59
Revenue From Operations / Share (Rs.) 1883.7111435.0814599.1612017.819206.93
PBDIT / Share (Rs.) 442.661726.191480.241197.451351.39
PBIT / Share (Rs.) 382.061395.901076.82818.18972.92
PBT / Share (Rs.) 354.283637.68590.50424.02556.81
Net Profit / Share (Rs.) 264.853069.28400.84277.63341.02
NP After MI And SOA / Share (Rs.) 648.253444.99830.11555.74450.07
PBDIT Margin (%) 23.4915.0910.139.9614.67
PBIT Margin (%) 20.2812.207.376.8010.56
PBT Margin (%) 18.8031.814.043.526.04
Net Profit Margin (%) 14.0526.842.742.313.70
NP After MI And SOA Margin (%) 34.4130.125.684.624.88
Return on Networth / Equity (%) 7.5042.9717.0013.8112.98
Return on Capital Employeed (%) 4.1116.1713.5912.5016.90
Return On Assets (%) 6.4437.165.403.843.50
Long Term Debt / Equity (X) 0.000.000.030.040.05
Total Debt / Equity (X) 0.050.040.941.221.30
Asset Turnover Ratio (%) 0.190.920.010.010.01
Current Ratio (X) 12.1713.611.110.950.86
Quick Ratio (X) 11.7613.090.790.630.60
Inventory Turnover Ratio (X) 5.744.680.000.000.00
Dividend Payout Ratio (NP) (%) 6.170.721.801.340.00
Dividend Payout Ratio (CP) (%) 5.640.661.210.800.00
Earning Retention Ratio (%) 93.8399.2898.2098.660.00
Cash Earning Retention Ratio (%) 94.3699.3498.7999.200.00
Interest Coverage Ratio (X) 11.405.353.433.013.03
Interest Coverage Ratio (Post Tax) (X) 7.542.562.051.691.71
Enterprise Value (Cr.) 8809.2810221.9510977.729439.467853.80
EV / Net Operating Revenue (X) 4.140.790.660.690.75
EV / EBITDA (X) 17.625.246.576.985.14
MarketCap / Net Operating Revenue (X) 3.830.740.250.190.14
Retention Ratios (%) 93.8299.2798.1998.650.00
Price / BV (X) 0.831.070.740.580.39
Price / Net Operating Revenue (X) 3.830.740.250.190.14
EarningsYield 0.080.400.220.230.32

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bengal & Assam Company Ltd. is a Public Limited Listed company incorporated on 30/01/1947 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L67120WB1947PLC221402 and registration number is 116830. Currently Company is involved in the business activities of Activities of holding companies. Company's Total Operating Revenue is Rs. 157.49 Cr. and Equity Capital is Rs. 11.30 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)7, Council House Street, Kolkata West Bengal 700001Contact not found
Management
NamePosition Held
Mr. Bharat Hari SinghaniaChairman
Mr. Sanjeev Kumar JhunjhunwalaDirector
Mr. Ashok Kumar KinraDirector
Dr. Raghupati SinghaniaDirector
Mr. Sanjay Kumar KhaitanDirector
Mr. Mudit KumarDirector
Mr. Kalpataru TripathyDirector
Ms. Vinita SinghaniaDirector
Ms. Deepa Gopalan WadhwaDirector

FAQ

What is the intrinsic value of Bengal & Assam Company Ltd and is it undervalued?

As of 13 April 2026, Bengal & Assam Company Ltd's intrinsic value is ₹8761.83, which is 53.15% higher than the current market price of ₹5,721.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (7.64 %), book value (₹8,954), dividend yield (0.87 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bengal & Assam Company Ltd?

Bengal & Assam Company Ltd is trading at ₹5,721.00 as of 13 April 2026, with a FY2026-2027 high of ₹9,200 and low of ₹5,312. The stock is currently near its 52-week low. Market cap stands at ₹6,524 Cr..

How does Bengal & Assam Company Ltd's P/E ratio compare to its industry?

Bengal & Assam Company Ltd has a P/E ratio of 7.67, which is below the industry average of 101.56. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Bengal & Assam Company Ltd financially healthy?

Key indicators for Bengal & Assam Company Ltd: ROCE of 4.22 % is on the lower side compared to the industry average of 15.81%; ROE of 7.64 % is below ideal levels (industry average: 8.84%). Dividend yield is 0.87 %.

Is Bengal & Assam Company Ltd profitable and how is the profit trend?

Bengal & Assam Company Ltd reported a net profit of ₹755 Cr in Mar 2025 on revenue of ₹2,187 Cr. Compared to ₹731 Cr in Mar 2022, the net profit shows an improving trend.

Does Bengal & Assam Company Ltd pay dividends?

Bengal & Assam Company Ltd has a dividend yield of 0.87 % at the current price of ₹5,721.00. The company pays dividends, though the yield is modest.

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 Bengal & Assam Company 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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