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

Share Price and Basic Stock Data

Last Updated: April 24, 2025, 8:27 pm

Market Cap	8,700 Cr.
Current Price	7,702
High / Low	11,499/6,220
Stock P/E	10.7
Book Value	8,330
Dividend Yield	0.52 %
ROCE	14.1 %
ROE	22.3 %
Face Value	10.0
PEG Ratio	0.86

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Bengal & Assam Company Ltd

Competitors of Bengal & Assam Company Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Minolta Finance Ltd	14.9 Cr.	1.49	1.91/0.65	166	1.08	0.00 %	0.59 %	0.47 %	1.00
Money Masters Leasing & Finance Ltd	17.2 Cr.	1.71	19.5/1.61	22.0	1.56	0.00 %	2.57 %	4.07 %	1.00
Moneyboxx Finance Ltd	771 Cr.	236	373/158	72.4	81.0	0.00 %	11.4 %	7.45 %	10.0
Moongipa Capital Finance Ltd	20.8 Cr.	22.7	41.0/17.7	10.7	8.69	0.00 %	34.9 %	31.6 %	10.0
Morarka Finance Ltd	51.7 Cr.	115	191/95.0	18.4	387	5.23 %	4.04 %	3.58 %	10.0
Industry Average	26,448.22 Cr	535.01		40.99	534.29	0.26%	19.41%	10.52%	8.49

All Competitor Stocks of Bengal & Assam Company Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	3,473	3,702	4,167	4,228	3,993	4,103	4,241	4,377	3,777	523	528	590	490
Expenses	3,165	3,445	3,814	3,847	3,619	3,622	3,710	3,697	3,224	413	445	432	421
Operating Profit	307	257	353	381	374	481	531	680	553	110	83	157	70
OPM %	9%	7%	8%	9%	9%	12%	13%	16%	15%	21%	16%	27%	14%
Other Income	118	191	149	99	191	201	18	14	3,098	28	17	24	38
Interest	108	109	107	117	129	135	129	119	106	10	10	10	11
Depreciation	106	108	112	110	114	120	120	122	114	17	17	17	17
Profit before tax	212	232	283	252	322	427	299	452	3,431	111	73	154	80
Tax %	19%	8%	14%	17%	16%	19%	33%	32%	11%	25%	28%	20%	29%
Net Profit	170	214	244	210	272	345	378	437	3,062	317	256	128	140
EPS in Rs	128.55	172.26	195.57	168.24	212.38	253.91	263.66	283.68	2,622.08	275.57	219.90	113.29	117.57

Last Updated: February 28, 2025, 1:02 pm

Below is a detailed analysis of the quarterly data for Bengal & Assam Company Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 490.00 Cr.. The value appears to be declining and may need further review. It has decreased from 590.00 Cr. (Sep 2024) to 490.00 Cr., marking a decrease of 100.00 Cr..
For Expenses, as of Dec 2024, the value is 421.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 432.00 Cr. (Sep 2024) to 421.00 Cr., marking a decrease of 11.00 Cr..
For Operating Profit, as of Dec 2024, the value is 70.00 Cr.. The value appears to be declining and may need further review. It has decreased from 157.00 Cr. (Sep 2024) to 70.00 Cr., marking a decrease of 87.00 Cr..
For OPM %, as of Dec 2024, the value is 14.00%. The value appears to be declining and may need further review. It has decreased from 27.00% (Sep 2024) to 14.00%, marking a decrease of 13.00%.
For Other Income, as of Dec 2024, the value is 38.00 Cr.. The value appears strong and on an upward trend. It has increased from 24.00 Cr. (Sep 2024) to 38.00 Cr., marking an increase of 14.00 Cr..
For Interest, as of Dec 2024, the value is 11.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 10.00 Cr. (Sep 2024) to 11.00 Cr., marking an increase of 1.00 Cr..
For Depreciation, as of Dec 2024, the value is 17.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 17.00 Cr..
For Profit before tax, as of Dec 2024, the value is 80.00 Cr.. The value appears to be declining and may need further review. It has decreased from 154.00 Cr. (Sep 2024) to 80.00 Cr., marking a decrease of 74.00 Cr..
For Tax %, as of Dec 2024, the value is 29.00%. The value appears to be increasing, which may not be favorable. It has increased from 20.00% (Sep 2024) to 29.00%, marking an increase of 9.00%.
For Net Profit, as of Dec 2024, the value is 140.00 Cr.. The value appears strong and on an upward trend. It has increased from 128.00 Cr. (Sep 2024) to 140.00 Cr., marking an increase of 12.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 117.57. The value appears strong and on an upward trend. It has increased from 113.29 (Sep 2024) to 117.57, marking an increase of 4.28.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 1:49 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,144	1,251	1,371	1,438	1,560	1,531	12,534	10,122	10,439	13,609	16,521	12,962	2,132
Expenses	1,000	1,133	1,205	1,243	1,283	1,247	11,151	8,858	8,937	12,278	14,903	11,044	1,711
Operating Profit	144	118	166	195	277	284	1,383	1,263	1,502	1,330	1,618	1,918	421
OPM %	13%	9%	12%	14%	18%	19%	11%	12%	14%	10%	10%	15%	20%
Other Income	29	101	27	26	28	29	-33	-76	52	26	-7	2,929	107
Interest	91	86	84	94	93	164	574	608	504	449	488	364	41
Depreciation	32	33	34	37	40	42	367	420	428	428	456	373	68
Profit before tax	49	99	74	90	171	108	409	159	622	479	667	4,109	418
Tax %	22%	22%	19%	24%	24%	29%	34%	-87%	38%	35%	32%	16%
Net Profit	38	77	178	250	345	207	457	522	678	731	1,071	4,194	841
EPS in Rs	40.19	83.65	199.70	279.03	382.63	231.31	415.28	402.92	450.08	555.74	830.10	3,445.00	726.33
Dividend Payout %	10%	6%	4%	4%	3%	4%	3%	4%	2%	3%	3%	1%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	102.63%	131.17%	40.45%	38.00%	-40.00%	120.77%	14.22%	29.89%	7.82%	46.51%	291.60%
Change in YoY Net Profit Growth (%)	0.00%	28.54%	-90.72%	-2.45%	-78.00%	160.77%	-106.55%	15.66%	-22.07%	38.69%	245.09%

Bengal & Assam Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	26%
5 Years:	1%
3 Years:	7%
TTM:	-87%

Compounded Profit Growth
10 Years:	56%
5 Years:	34%
3 Years:	49%
TTM:	-40%

Stock Price CAGR
10 Years:	32%
5 Years:	47%
3 Years:	44%
1 Year:	-9%

Return on Equity
10 Years:	17%
5 Years:	18%
3 Years:	19%
Last Year:	22%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:43 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	9	9	9	9	9	9	11	11	11	11	11	11	11
Reserves	455	522	1,274	1,514	1,813	2,005	2,991	3,363	3,904	4,533	5,502	9,044	9,398
Borrowings	483	371	410	444	422	348	6,474	6,093	5,110	5,527	5,185	422	460
Other Liabilities	294	303	314	328	347	416	4,734	4,833	5,418	6,155	6,527	960	993
Total Liabilities	1,241	1,205	2,006	2,294	2,591	2,777	14,211	14,300	14,443	16,226	17,226	10,437	10,863
Fixed Assets	395	376	355	377	366	391	6,701	6,810	6,647	6,841	6,931	461	461
CWIP	4	4	9	3	20	11	287	295	328	136	232	22	8
Investments	578	564	1,289	1,508	1,703	1,984	1,819	2,085	2,423	2,749	3,602	9,090	9,468
Other Assets	264	261	353	406	502	391	5,404	5,110	5,045	6,500	6,460	864	926
Total Assets	1,241	1,205	2,006	2,294	2,591	2,777	14,211	14,300	14,443	16,226	17,226	10,437	10,863

Below is a detailed analysis of the balance sheet data for Bengal & Assam Company Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹11.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 11.00 Cr..
For Reserves, as of Sep 2024, the value is ₹9,398.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,044.00 Cr. (Mar 2024) to ₹9,398.00 Cr., marking an increase of 354.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹460.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 422.00 Cr. (Mar 2024) to ₹460.00 Cr., marking an increase of 38.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹993.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 960.00 Cr. (Mar 2024) to ₹993.00 Cr., marking an increase of 33.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹10,863.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 10,437.00 Cr. (Mar 2024) to ₹10,863.00 Cr., marking an increase of 426.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹461.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 461.00 Cr..
For CWIP, as of Sep 2024, the value is ₹8.00 Cr.. The value appears to be declining and may need further review. It has decreased from 22.00 Cr. (Mar 2024) to ₹8.00 Cr., marking a decrease of 14.00 Cr..
For Investments, as of Sep 2024, the value is ₹9,468.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,090.00 Cr. (Mar 2024) to ₹9,468.00 Cr., marking an increase of 378.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹926.00 Cr.. The value appears strong and on an upward trend. It has increased from 864.00 Cr. (Mar 2024) to ₹926.00 Cr., marking an increase of 62.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹10,863.00 Cr.. The value appears strong and on an upward trend. It has increased from 10,437.00 Cr. (Mar 2024) to ₹10,863.00 Cr., marking an increase of 426.00 Cr..

Notably, the Reserves (9,398.00 Cr.) exceed the Borrowings (460.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	128	139	109	144	113	102	993	1,499	1,780	351	1,437	1,817
Cash from Investing Activity +	-64	44	-105	-102	54	-163	-368	-348	-177	-188	-647	-1,392
Cash from Financing Activity +	-77	-183	-3	-37	-172	64	-567	-1,191	-1,567	-144	-778	-590
Net Cash Flow	-14	-0	1	4	-5	3	58	-39	37	19	12	-165

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-339.00	-253.00	-244.00	-249.00	-145.00	-64.00	-5.00	-5.00	-4.00	-4.00	-4.00	-421.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	39	34	34	32	29	32	65	73	63	61	57	9
Inventory Days	24	23	24	25	27	28	89	118	120	114	91	20
Days Payable	22	28	30	32	32	30	81	114	101	96	70	9
Cash Conversion Cycle	41	29	28	26	24	30	73	77	81	79	78	20
Working Capital Days	20	11	13	16	40	16	61	56	40	51	42	9
ROCE %	14%	12%	12%	10%	12%	11%	15%	8%	10%	8%	10%	14%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	72.66%	72.66%	72.66%	72.66%	72.66%	72.66%	72.66%	73.02%	73.02%	73.02%	73.02%	73.02%
FIIs	3.53%	3.89%	3.89%	3.89%	3.90%	3.92%	4.28%	4.31%	4.31%	4.31%	4.55%	4.57%
DIIs	0.50%	0.50%	0.37%	0.07%	0.06%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	23.31%	22.95%	23.09%	23.38%	23.38%	23.42%	23.06%	22.67%	22.67%	22.67%	22.43%	22.41%
No. of Shareholders	22,984	22,665	22,345	21,602	21,435	20,792	20,629	20,819	21,019	21,021	21,119	20,339

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	3444.99	830.10	555.74	450.07	402.92
Diluted EPS (Rs.)	3444.99	830.10	555.74	450.07	402.92
Cash EPS (Rs.)	3399.57	804.25	656.90	719.49	636.12
Book Value[Excl.RevalReserv]/Share (Rs.)	8180.76	6630.28	5429.77	4794.59	4147.06
Book Value[Incl.RevalReserv]/Share (Rs.)	8180.76	6630.28	5429.77	4794.59	4147.06
Revenue From Operations / Share (Rs.)	11435.08	14599.16	12017.81	9206.93	8951.93
PBDIT / Share (Rs.)	1726.19	1480.24	1197.45	1351.39	1142.33
PBIT / Share (Rs.)	1395.90	1076.82	818.18	972.92	770.32
PBT / Share (Rs.)	3637.68	590.50	424.02	556.81	138.06
Net Profit / Share (Rs.)	3069.28	400.84	277.63	341.02	264.11
NP After MI And SOA / Share (Rs.)	3444.99	830.11	555.74	450.07	402.92
PBDIT Margin (%)	15.09	10.13	9.96	14.67	12.76
PBIT Margin (%)	12.20	7.37	6.80	10.56	8.60
PBT Margin (%)	31.81	4.04	3.52	6.04	1.54
Net Profit Margin (%)	26.84	2.74	2.31	3.70	2.95
NP After MI And SOA Margin (%)	30.12	5.68	4.62	4.88	4.50
Return on Networth / Equity (%)	42.97	17.00	13.81	12.98	13.48
Return on Capital Employeed (%)	16.17	13.59	12.50	16.90	15.64
Return On Assets (%)	37.16	5.40	3.84	3.50	3.16
Long Term Debt / Equity (X)	0.00	0.03	0.04	0.05	0.06
Total Debt / Equity (X)	0.04	0.94	1.22	1.30	1.81
Asset Turnover Ratio (%)	0.92	0.01	0.01	0.01	0.02
Current Ratio (X)	13.61	1.11	0.95	0.86	0.74
Quick Ratio (X)	13.09	0.79	0.63	0.60	0.52
Inventory Turnover Ratio (X)	4.68	0.00	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	0.72	1.80	1.34	0.00	3.72
Dividend Payout Ratio (CP) (%)	0.66	1.21	0.80	0.00	1.93
Earning Retention Ratio (%)	99.28	98.20	98.66	0.00	96.28
Cash Earning Retention Ratio (%)	99.34	98.79	99.20	0.00	98.07
Interest Coverage Ratio (X)	5.35	3.43	3.01	3.03	2.12
Interest Coverage Ratio (Post Tax) (X)	2.56	2.05	1.69	1.71	1.66
Enterprise Value (Cr.)	10221.95	10977.72	9439.46	7853.80	8527.27
EV / Net Operating Revenue (X)	0.79	0.66	0.69	0.75	0.84
EV / EBITDA (X)	5.24	6.57	6.98	5.14	6.61
MarketCap / Net Operating Revenue (X)	0.74	0.25	0.19	0.14	0.13
Retention Ratios (%)	99.27	98.19	98.65	0.00	96.27
Price / BV (X)	1.07	0.74	0.58	0.39	0.40
Price / Net Operating Revenue (X)	0.74	0.25	0.19	0.14	0.13
EarningsYield	0.40	0.22	0.23	0.32	0.33

After reviewing the key financial ratios for Bengal & Assam Company Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 3,444.99. This value is within the healthy range. It has increased from 830.10 (Mar 23) to 3,444.99, marking an increase of 2,614.89.
For Diluted EPS (Rs.), as of Mar 24, the value is 3,444.99. This value is within the healthy range. It has increased from 830.10 (Mar 23) to 3,444.99, marking an increase of 2,614.89.
For Cash EPS (Rs.), as of Mar 24, the value is 3,399.57. This value is within the healthy range. It has increased from 804.25 (Mar 23) to 3,399.57, marking an increase of 2,595.32.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 8,180.76. It has increased from 6,630.28 (Mar 23) to 8,180.76, marking an increase of 1,550.48.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 8,180.76. It has increased from 6,630.28 (Mar 23) to 8,180.76, marking an increase of 1,550.48.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 11,435.08. It has decreased from 14,599.16 (Mar 23) to 11,435.08, marking a decrease of 3,164.08.
For PBDIT / Share (Rs.), as of Mar 24, the value is 1,726.19. This value is within the healthy range. It has increased from 1,480.24 (Mar 23) to 1,726.19, marking an increase of 245.95.
For PBIT / Share (Rs.), as of Mar 24, the value is 1,395.90. This value is within the healthy range. It has increased from 1,076.82 (Mar 23) to 1,395.90, marking an increase of 319.08.
For PBT / Share (Rs.), as of Mar 24, the value is 3,637.68. This value is within the healthy range. It has increased from 590.50 (Mar 23) to 3,637.68, marking an increase of 3,047.18.
For Net Profit / Share (Rs.), as of Mar 24, the value is 3,069.28. This value is within the healthy range. It has increased from 400.84 (Mar 23) to 3,069.28, marking an increase of 2,668.44.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 3,444.99. This value is within the healthy range. It has increased from 830.11 (Mar 23) to 3,444.99, marking an increase of 2,614.88.
For PBDIT Margin (%), as of Mar 24, the value is 15.09. This value is within the healthy range. It has increased from 10.13 (Mar 23) to 15.09, marking an increase of 4.96.
For PBIT Margin (%), as of Mar 24, the value is 12.20. This value is within the healthy range. It has increased from 7.37 (Mar 23) to 12.20, marking an increase of 4.83.
For PBT Margin (%), as of Mar 24, the value is 31.81. This value is within the healthy range. It has increased from 4.04 (Mar 23) to 31.81, marking an increase of 27.77.
For Net Profit Margin (%), as of Mar 24, the value is 26.84. This value exceeds the healthy maximum of 10. It has increased from 2.74 (Mar 23) to 26.84, marking an increase of 24.10.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 30.12. This value exceeds the healthy maximum of 20. It has increased from 5.68 (Mar 23) to 30.12, marking an increase of 24.44.
For Return on Networth / Equity (%), as of Mar 24, the value is 42.97. This value is within the healthy range. It has increased from 17.00 (Mar 23) to 42.97, marking an increase of 25.97.
For Return on Capital Employeed (%), as of Mar 24, the value is 16.17. This value is within the healthy range. It has increased from 13.59 (Mar 23) to 16.17, marking an increase of 2.58.
For Return On Assets (%), as of Mar 24, the value is 37.16. This value is within the healthy range. It has increased from 5.40 (Mar 23) to 37.16, marking an increase of 31.76.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.03 (Mar 23) to 0.00, marking a decrease of 0.03.
For Total Debt / Equity (X), as of Mar 24, the value is 0.04. This value is within the healthy range. It has decreased from 0.94 (Mar 23) to 0.04, marking a decrease of 0.90.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.92. It has increased from 0.01 (Mar 23) to 0.92, marking an increase of 0.91.
For Current Ratio (X), as of Mar 24, the value is 13.61. This value exceeds the healthy maximum of 3. It has increased from 1.11 (Mar 23) to 13.61, marking an increase of 12.50.
For Quick Ratio (X), as of Mar 24, the value is 13.09. This value exceeds the healthy maximum of 2. It has increased from 0.79 (Mar 23) to 13.09, marking an increase of 12.30.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 4.68. This value is within the healthy range. It has increased from 0.00 (Mar 23) to 4.68, marking an increase of 4.68.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 0.72. This value is below the healthy minimum of 20. It has decreased from 1.80 (Mar 23) to 0.72, marking a decrease of 1.08.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.66. This value is below the healthy minimum of 20. It has decreased from 1.21 (Mar 23) to 0.66, marking a decrease of 0.55.
For Earning Retention Ratio (%), as of Mar 24, the value is 99.28. This value exceeds the healthy maximum of 70. It has increased from 98.20 (Mar 23) to 99.28, marking an increase of 1.08.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 99.34. This value exceeds the healthy maximum of 70. It has increased from 98.79 (Mar 23) to 99.34, marking an increase of 0.55.
For Interest Coverage Ratio (X), as of Mar 24, the value is 5.35. This value is within the healthy range. It has increased from 3.43 (Mar 23) to 5.35, marking an increase of 1.92.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 2.56. This value is below the healthy minimum of 3. It has increased from 2.05 (Mar 23) to 2.56, marking an increase of 0.51.
For Enterprise Value (Cr.), as of Mar 24, the value is 10,221.95. It has decreased from 10,977.72 (Mar 23) to 10,221.95, marking a decrease of 755.77.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.79. This value is below the healthy minimum of 1. It has increased from 0.66 (Mar 23) to 0.79, marking an increase of 0.13.
For EV / EBITDA (X), as of Mar 24, the value is 5.24. This value is within the healthy range. It has decreased from 6.57 (Mar 23) to 5.24, marking a decrease of 1.33.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.74. This value is below the healthy minimum of 1. It has increased from 0.25 (Mar 23) to 0.74, marking an increase of 0.49.
For Retention Ratios (%), as of Mar 24, the value is 99.27. This value exceeds the healthy maximum of 70. It has increased from 98.19 (Mar 23) to 99.27, marking an increase of 1.08.
For Price / BV (X), as of Mar 24, the value is 1.07. This value is within the healthy range. It has increased from 0.74 (Mar 23) to 1.07, marking an increase of 0.33.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.74. This value is below the healthy minimum of 1. It has increased from 0.25 (Mar 23) to 0.74, marking an increase of 0.49.
For EarningsYield, as of Mar 24, the value is 0.40. This value is below the healthy minimum of 5. It has increased from 0.22 (Mar 23) to 0.40, marking an increase of 0.18.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bengal & Assam Company Ltd as of April 24, 2025 is: 15,983.66

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 24, 2025, Bengal & Assam Company Ltd is Undervalued by 107.53% compared to the current share price 7,702.00

Intrinsic Value of Bengal & Assam Company Ltd as of April 24, 2025 is: 17,982.88

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 24, 2025, Bengal & Assam Company Ltd is Undervalued by 133.48% compared to the current share price 7,702.00

Last 5 Year EPS CAGR: 12.51%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock is trading at a low valuation with an average P/B ratio of 1,006.83 and average Dividend Yield of 9.11%. The company has higher reserves (3,562.92 cr) compared to borrowings (2,442.23 cr), indicating strong financial stability. The company has shown consistent growth in sales (6.23 cr) and profit (257.62 cr) over the years.	The stock has a low average ROCE of 11.33%, which may not be favorable. The stock has a high average Working Capital Days of 31.25, which may not be favorable. The stock has a high average Cash Conversion Cycle of 48.83, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bengal & Assam Company Ltd:
1. Net Profit Margin: 26.84%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 16.17% (Industry Average ROCE: 19.41%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 42.97% (Industry Average ROE: 10.31%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2.56
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 13.09
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 10.7 (Industry average Stock P/E: 32.95)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.04
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

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. 152.75 Cr. and Equity Capital is Rs. 11.30 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Non-Banking Financial Company (NBFC)	7, Council House Street, Kolkata West Bengal 700001	dswain@jkmail.com http://www.bengalassam.com

Management
Name	Position Held
Mr. Bharat Hari Singhania	Chairman
Mr. Sanjeev Kumar Jhunjhunwala	Director
Mr. Ashok Kumar Kinra	Director
Mr. Bakul Jain	Director
Dr. Raghupati Singhania	Director
Mr. Sanjay Kumar Khaitan	Director
Mr. Shailendra Swarup	Director
Ms. Vinita Singhania	Director
Ms. Deepa Gopalan Wadhwa	Director

FAQ

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

Bengal & Assam Company Ltd's intrinsic value (as of 24 April 2025) is ₹15983.66 — 107.53% higher the current market price of 7,702.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 8,700 Cr. market cap, FY2025-2026 high/low of ₹11,499/6,220, reserves of 9,398 Cr, and liabilities of 10,863 Cr.

What is the Market Cap of Bengal & Assam Company Ltd?

The Market Cap of Bengal & Assam Company Ltd is 8,700 Cr..

What is the current Stock Price of Bengal & Assam Company Ltd as on 24 April 2025?

The current stock price of Bengal & Assam Company Ltd as on 24 April 2025 is 7,702.

What is the High / Low of Bengal & Assam Company Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Bengal & Assam Company Ltd stocks is ₹11,499/6,220.

What is the Stock P/E of Bengal & Assam Company Ltd?

The Stock P/E of Bengal & Assam Company Ltd is 10.7.

What is the Book Value of Bengal & Assam Company Ltd?

The Book Value of Bengal & Assam Company Ltd is 8,330.

What is the Dividend Yield of Bengal & Assam Company Ltd?

The Dividend Yield of Bengal & Assam Company Ltd is 0.52 %.

What is the ROCE of Bengal & Assam Company Ltd?

The ROCE of Bengal & Assam Company Ltd is 14.1 %.

What is the ROE of Bengal & Assam Company Ltd?

The ROE of Bengal & Assam Company Ltd is 22.3 %.

What is the Face Value of Bengal & Assam Company Ltd?

The Face Value of Bengal & Assam Company Ltd is 10.0.