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Last Updated: April 2, 2026, 4:13 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532230 | NSE: BENGALT

Bengal Tea & Fabrics Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,295.73Undervalued by 793.61%vs CMP ₹145.00

P/E (13.0) × ROE (55.3%) × BV (₹223.00) × DY (1.03%)

₹353.19Undervalued by 143.58%vs CMP ₹145.00
MoS: +58.9% (Strong)Confidence: 48/100 (Moderate)Models: 3 Under, 2 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,203.6721%Under (+730.1%)
Graham NumberEarnings₹265.5115%Under (+83.1%)
Earnings PowerEarnings₹114.5610%Over (-21%)
DCFCash Flow₹131.9413%Fair (-9%)
Net Asset ValueAssets₹222.487%Under (+53.4%)
EV/EBITDAEnterprise₹7.758%Over (-94.7%)
Dividend DiscountDividends₹10.208%Over (-93%)
Earnings YieldEarnings₹140.507%Fair (-3.1%)
ROCE CapitalReturns₹111.967%Over (-22.8%)
Revenue MultipleRevenue₹29.895%Over (-79.4%)
Consensus (10 models)₹353.19100%Undervalued
Key Drivers: Wide model spread (₹8–₹1,204) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -7.1%

*Investments are subject to market risks

Investment Snapshot

55
Bengal Tea & Fabrics Ltd scores 55/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health67/100 · Strong
ROCE 5.2% WeakROE 55.3% ExcellentD/E 0.19 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
Promoter holding at 74.9% Stable
Earnings Quality40/100 · Moderate
OPM contracting (9% → -3%) Declining
Quarterly Momentum50/100 · Moderate
Revenue (4Q): -2% YoY FlatProfit (4Q): -84% YoY DecliningOPM: 12.8% (up 27.1% YoY) Margin expansion
Industry Rank65/100 · Strong
P/E 13.0 vs industry 52.2 Cheaper than peersROCE 5.2% vs industry 7.9% AverageROE 55.3% vs industry 16.7% Above peers3Y sales CAGR: -1% 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.

Bengal Tea & Fabrics Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
80/100
High
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 13.0 vs Ind 52.2 | ROCE 5.2% | ROE 55.3% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.19x | IntCov 0.0x | Current 1.83x | Borrow/Reserve 0.05x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹84 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII 0.00 pp | Prom 0.00 pp
Business Momentum
-50
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +2.6% | Q NP -3.6% | Q OPM -12.2 pp
Derived FieldValueHow it is derived
Valuation Gap %+143.6%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.05xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-113Latest shareholder count minus previous count
Quarterly Sales Change+2.6%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-3.6%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-12.2 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:13 am

Market Cap 131 Cr.
Current Price 145
Intrinsic Value₹1,203.67
High / Low 168/126
Stock P/E13.0
Book Value 223
Dividend Yield1.03 %
ROCE5.22 %
ROE55.3 %
Face Value 10.0
PEG Ratio-1.83

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

View Share Price Target for Bengal Tea & Fabrics Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
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
Dhunseri Tea & Industries Ltd 122 Cr. 116 230/102 5280.86 %4.45 %9.21 % 10.0
B&A Ltd 115 Cr. 370 639/32420.2 5280.00 %8.96 %6.02 % 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 Bengal Tea & Fabrics Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 16.663.6210.4012.3729.613.7411.2023.9314.813.799.1719.6020.11
Expenses 17.2612.779.948.4231.339.5610.2217.0816.939.629.3014.7017.53
Operating Profit -0.60-9.150.463.95-1.72-5.820.986.85-2.12-5.83-0.134.902.58
OPM % -3.60%-252.76%4.42%31.93%-5.81%-155.61%8.75%28.63%-14.31%-153.83%-1.42%25.00%12.83%
Other Income -1.122.831.060.552.233.323.601.4386.844.089.291.766.36
Interest 0.080.210.090.110.070.100.110.090.080.090.120.140.14
Depreciation 0.430.480.410.450.490.580.450.480.520.620.610.660.63
Profit before tax -2.23-7.011.023.94-0.05-3.184.027.7184.12-2.468.435.868.17
Tax % -12.56%-23.25%26.47%31.47%2,600.00%71.70%22.14%129.96%-2.28%31.71%27.64%14.85%41.13%
Net Profit -1.95-5.380.752.70-1.35-5.463.13-2.3186.04-3.246.104.994.81
EPS in Rs -2.17-5.970.833.00-1.50-6.063.48-2.5695.54-3.606.775.545.34

Last Updated: March 3, 2026, 11:50 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
Sales 253223223129122111110495550565453
Expenses 217207205129121107107394549595451
Operating Profit 361619014410100-3-02
OPM % 14%7%8%0%0%3%3%21%18%0%-6%-0%3%
Other Income 3422221-410479621
Interest 8862322100000
Depreciation 1210126655222223
Profit before tax 1922-6-7-1-2417229320
Tax % 33%20%21%-6%-24%-76%-36%6%-5%89%294%10%
Net Profit 1322-6-5-0-13180-38413
EPS in Rs 13.912.152.08-6.45-5.57-0.36-1.493.6920.310.24-3.7392.8514.05
Dividend Payout % 14%23%24%0%0%0%0%27%5%410%-27%2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192020-20212021-20222022-20232024-2025
YoY Net Profit Growth (%)-84.62%0.00%-400.00%16.67%100.00%400.00%500.00%-100.00%2900.00%
Change in YoY Net Profit Growth (%)0.00%84.62%-400.00%416.67%83.33%300.00%100.00%-600.00%3000.00%

Bengal Tea & Fabrics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-13%
5 Years:-13%
3 Years:-1%
TTM:-9%
Compounded Profit Growth
10 Years:57%
5 Years:126%
3 Years:124%
TTM:800%
Stock Price CAGR
10 Years:14%
5 Years:36%
3 Years:22%
1 Year:-12%
Return on Equity
10 Years:6%
5 Years:13%
3 Years:22%
Last Year:55%

Last Updated: September 5, 2025, 2:41 pm

Balance Sheet

Last Updated: December 10, 2025, 3:56 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 9999999999999
Reserves 58133999288878588106104101183192
Borrowings 876755522623211917659
Other Liabilities 232630221416201998761314
Total Liabilities 176236194176137136135135125128192210223
Fixed Assets 9215510998706867644748535555
CWIP 2001112212111
Investments 7571078291041121145150
Other Assets 76767867585964616736181019
Total Assets 176236194176137136135135125128192210223

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 283519199356767922
Cash from Investing Activity + -14-10-3-32011-328-24-79-20
Cash from Financing Activity + -19-25-16-14-30-5-5-4-215-2-2
Net Cash Flow -51-12-1-01-114-13-1-0
Free Cash Flow 21221718255-11035117517
CFO/OP 91%225%105%31,017%1,543%88%132%61%73%28,600%-2,606%-30,250%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-51.00-51.00-36.00-52.00-25.00-19.00-17.00-9.009.00-7.00-9.00-5.00

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 21181625203026720351
Inventory Days 1101381512872642753411,08464247171101
Days Payable 26425893537812339645432452
Cash Conversion Cycle 1061131082202302272447595984315249
Working Capital Days -124261761464813521889-460-23
ROCE %17%5%4%-2%-3%1%0%4%8%0%2%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.38%73.38%73.38%73.38%73.38%73.38%73.38%73.38%74.05%74.89%74.89%74.89%
DIIs 0.28%0.28%0.28%0.28%0.28%0.28%0.28%1.99%1.99%1.99%1.99%1.99%
Government 0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%
Public 26.22%26.21%26.22%26.20%26.21%26.22%26.22%24.50%23.82%22.99%22.99%23.00%
No. of Shareholders 7,0346,9576,8186,0986,0085,9505,9976,1716,2156,2186,2906,177

Shareholding Pattern Chart

No. of Shareholders

Bengal Tea & Fabrics 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.) 92.85-3.730.2520.313.69
Diluted EPS (Rs.) 92.85-3.730.2520.313.69
Cash EPS (Rs.) 95.11-1.592.2222.297.91
Book Value[Excl.RevalReserv]/Share (Rs.) 212.56121.65125.79127.66107.62
Book Value[Incl.RevalReserv]/Share (Rs.) 212.56121.65125.79127.66107.62
Dividend / Share (Rs.) 1.501.001.001.001.00
Revenue From Operations / Share (Rs.) 59.6362.2854.9661.1998.01
PBDIT / Share (Rs.) 11.705.313.0912.5610.74
PBIT / Share (Rs.) 9.403.171.1210.566.51
PBT / Share (Rs.) 8.992.760.6443.414.48
Net Profit / Share (Rs.) 92.80-3.730.2420.293.68
PBDIT Margin (%) 19.628.525.6320.5210.96
PBIT Margin (%) 15.765.082.0317.256.64
PBT Margin (%) 15.074.431.1770.954.57
Net Profit Margin (%) 155.62-5.980.4433.163.75
Return on Networth / Equity (%) 43.66-3.060.1915.893.42
Return on Capital Employeed (%) 4.252.540.888.225.78
Return On Assets (%) 39.78-1.750.1714.602.45
Long Term Debt / Equity (X) 0.010.010.000.000.03
Total Debt / Equity (X) 0.020.050.060.010.19
Asset Turnover Ratio (%) 0.260.350.390.420.65
Current Ratio (X) 12.001.343.916.881.83
Quick Ratio (X) 11.611.282.404.210.76
Inventory Turnover Ratio (X) 11.350.660.510.460.90
Dividend Payout Ratio (NP) (%) 1.07-26.79405.124.920.00
Dividend Payout Ratio (CP) (%) 1.05-62.9344.994.480.00
Earning Retention Ratio (%) 98.93126.79-305.1295.080.00
Cash Earning Retention Ratio (%) 98.95162.9355.0195.520.00
Interest Coverage Ratio (X) 28.5713.106.4926.225.29
Interest Coverage Ratio (Post Tax) (X) -3.51-6.12-1.8224.062.84
Enterprise Value (Cr.) 139.83123.4369.3848.1352.88
EV / Net Operating Revenue (X) 2.602.201.400.870.59
EV / EBITDA (X) 13.2625.7924.884.255.46
MarketCap / Net Operating Revenue (X) 2.522.091.301.110.39
Retention Ratios (%) 98.92126.79-305.1295.070.00
Price / BV (X) 0.701.070.560.530.35
Price / Net Operating Revenue (X) 2.522.091.301.110.39
EarningsYield 0.61-0.020.000.290.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bengal Tea and Fabrics Ltd. is a Public Limited Listed company incorporated on 16/07/1983 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L51909WB1983PLC036542 and registration number is 036542. Currently Company is involved in the business activities of Weaving, manufacture of cotton and cotton mixture fabrics.. Company's Total Operating Revenue is Rs. 53.73 Cr. and Equity Capital is Rs. 9.01 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Plantations - Tea & CoffeeCentury Towers, Kolkata West Bengal 700017Contact not found
Management
NamePosition Held
Mr. Adarsh KanoriaChairman & Managing Director
Mr. Samveg A LalbhaiNon Executive Director
Mrs. Shubha KanoriaNon Executive Director
Mr. Ashutosh BhagatIndependent Director
Mr. Navin NayarIndependent Director
Mr. Kushagra KanoriaWhole Time Director
Mr. Raghav LallIndependent Director
Mr. Mudit KumarIndependent Director

FAQ

What is the intrinsic value of Bengal Tea & Fabrics Ltd and is it undervalued?

As of 04 April 2026, Bengal Tea & Fabrics Ltd's intrinsic value is ₹353.19, which is 143.58% higher than the current market price of ₹145.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (55.3 %), book value (₹223), dividend yield (1.03 %), and 5-year EPS CAGR.

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

Bengal Tea & Fabrics Ltd is trading at ₹145.00 as of 04 April 2026, with a FY2026-2027 high of ₹168 and low of ₹126. The stock is currently in the middle of its 52-week range. Market cap stands at ₹131 Cr..

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

Bengal Tea & Fabrics Ltd has a P/E ratio of 13.0, 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 Bengal Tea & Fabrics Ltd financially healthy?

Key indicators for Bengal Tea & Fabrics Ltd: ROCE of 5.22 % is on the lower side compared to the industry average of 7.88%; ROE of 55.3 % shows strong shareholder returns. Dividend yield is 1.03 %.

Is Bengal Tea & Fabrics Ltd profitable and how is the profit trend?

Bengal Tea & Fabrics Ltd reported a net profit of ₹84 Cr in Mar 2025 on revenue of ₹54 Cr. Compared to ₹18 Cr in Mar 2022, the net profit shows an improving trend.

Does Bengal Tea & Fabrics Ltd pay dividends?

Bengal Tea & Fabrics Ltd has a dividend yield of 1.03 % at the current price of ₹145.00. 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 Tea & Fabrics 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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