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BCL Industries Ltd (IN:BCLIND)
:BCLIND
India Market
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BCL Industries Ltd (BCLIND) AI Stock Analysis

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IN:BCLIND

BCL Industries Ltd

(BCLIND)

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Neutral 61 (OpenAI - Gpt-5.6Sol)
Rating:61Neutral
Price Target:
₹29.00
▼(-7.97% Downside)
Action:Reiterated
Date:10/14/26
The score is driven primarily by solid underlying financial performance (growth and improving earnings, with leverage broadly manageable) but tempered by historically weak cash-flow consistency despite a FY2026 rebound. Technicals materially drag the score due to a clear downtrend and bearish momentum signals, while low valuation (low P/E and a modest dividend yield) provides partial offset.
Positive Factors
Multi-year revenue expansion
Revenue nearly doubled between FY2021 and FY2025, demonstrating meaningful expansion in the company’s operating scale across its ethanol, alcohol, and agri-processing activities. Although the latest year was softer, the multi-year trajectory supports a stronger platform for future capacity utilization and growth.
Negative Factors
Latest-year revenue contraction
The slight FY2026 revenue decline interrupts the company’s earlier expansion trend and may indicate weaker demand, pricing, or volume conditions in its served markets. A sustained slowdown would reduce operating leverage and make it harder to convert the enlarged asset base into consistent earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue expansion
Revenue nearly doubled between FY2021 and FY2025, demonstrating meaningful expansion in the company’s operating scale across its ethanol, alcohol, and agri-processing activities. Although the latest year was softer, the multi-year trajectory supports a stronger platform for future capacity utilization and growth.
Read all positive factors

BCL Industries Ltd (BCLIND) vs. iShares MSCI India ETF (INDA)

BCL Industries Ltd Business Overview & Revenue Model

Company Description
BCL Industries Limited, a company founded in 1976 and based in Bhatinda, India, engages in the production and sale of edible oils and spirits across India and the broader South Asian region. Its operations are structured into three primary divisio...
How the Company Makes Money
BCL Industries makes money mainly by manufacturing and selling alcohol and related agri-processing outputs. Key revenue streams typically include: (1) Ethanol sales: Producing grain-based ethanol and supplying it largely for blending with petrol u...

BCL Industries Ltd Financial Statement Overview

Summary
Financial fundamentals are constructive but not fully consistent. Income statement strength (Score 74) reflects solid multi-year revenue expansion and rising net income, though FY2026 revenue dipped slightly and margins have been volatile. The balance sheet (Score 71) shows a growing asset/equity base with manageable-to-moderate leverage, but absolute debt has risen. Cash flow is the key risk (Score 62): multi-year weak cash conversion and negative free cash flow improved sharply in FY2026, but sustainability is unproven.
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
62
Positive
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue26.49B29.04B28.15B21.29B18.18B19.88B
Gross Profit6.23B6.78B5.02B2.19B4.10B1.59B
EBITDA2.56B2.51B2.14B1.98B1.28B1.45B
Net Income1.17B1.15B949.65M902.97M662.88M848.42M
Balance Sheet
Total Assets0.0016.48B15.55B13.01B10.96B7.58B
Cash, Cash Equivalents and Short-Term Investments1.98B1.98B195.54M21.59M113.14M180.79M
Total Debt0.005.69B5.36B4.77B4.38B2.57B
Total Liabilities-9.51B6.97B7.23B6.27B6.05B3.79B
Stockholders Equity9.51B9.10B8.02B6.52B4.80B3.67B
Cash Flow
Free Cash Flow365.70M1.61B-1.01B-979.76M-2.22B-749.42M
Operating Cash Flow1.05B2.92B329.14M391.84M345.77M950.53M
Investing Cash Flow-967.91M-1.98B-1.29B-1.31B-2.56B-1.48B
Financing Cash Flow1.01B249.80M1.13B920.63M2.06B620.77M

BCL Industries Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price31.51
Price Trends
50DMA
33.34
Negative
100DMA
34.41
Negative
200DMA
32.41
Negative
Market Momentum
MACD
-1.49
Positive
RSI
29.35
Positive
STOCH
12.07
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BCLIND, the sentiment is Negative. The current price of 31.51 is above the 20-day moving average (MA) of 30.45, below the 50-day MA of 33.34, and below the 200-day MA of 32.41, indicating a bearish trend. The MACD of -1.49 indicates Positive momentum. The RSI at 29.35 is Positive, neither overbought nor oversold. The STOCH value of 12.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BCLIND.

BCL Industries Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
₹160.99B21.36―3.81%2.82%-8.52%
74
Outperform
₹1.01T53.17―0.52%25.00%12.83%
69
Neutral
₹63.97B22.48―2.01%3.85%-22.29%
65
Neutral
₹636.85B32.31―2.30%7.40%10.63%
61
Neutral
₹8.32B7.05―1.24%-10.85%13.24%
59
Neutral
₹856.35B44.53―2.38%9.22%3.19%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:BCLIND
BCL Industries Ltd
28.20
-10.57
-27.26%
IN:DABUR
Dabur India Limited
359.00
-134.70
-27.28%
IN:EMAMILTD
Emami Limited
366.65
-174.44
-32.24%
IN:GODREJCP
Godrej Consumer Products Limited
836.85
-257.32
-23.52%
IN:JYOTHYLAB
Jyothy Labs Limited
174.20
-134.76
-43.62%
IN:MARICO
Marico Limited
775.00
57.08
7.95%

BCL Industries Ltd Corporate Events

BCL Industries Opens Special Window for Legacy Physical Share Transfers
Oct 19, 2026
BCL Industries Ltd has announced the opening of a special one-year window, from February 5, 2026 to February 4, 2027, for investors to transfer and dematerialize physical securities linked to transactions conducted before April 1, 2019 that were p...
BCL Industries Opens SEBI-Mandated Window for Old Physical Share Transfers
Aug 20, 2026
BCL Industries Ltd has announced the opening of a special one-year window, from February 5, 2026 to February 4, 2027, to facilitate the transfer and dematerialization of physical securities that were sold or purchased before April 1, 2019 but coul...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 14, 2026