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BCL Industries Ltd
(BCLIND)
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Rating:67Neutral
Price Target:
₹35.00
▲(11.08% Upside)
Action:Reiterated
Date:07/14/26
The score is driven primarily by improving fundamentals (earnings growth and manageable leverage) but tempered by historically inconsistent cash-flow generation despite a strong FY2026 rebound. Valuation is favorable due to a low P/E, while technical indicators suggest mixed-to-weak momentum, limiting the overall score.
Positive Factors
Multi-year scale-up and stronger equity base
The substantial expansion in assets and equity indicates that BCL Industries has built a larger operating base over several years. This supports continued capacity and business development, while the stronger equity cushion can improve resilience as the company scales its agri-processing and distillery operations.
Negative Factors
FY2026 revenue contraction
The slight FY2026 revenue decline interrupts an otherwise strong multi-year expansion and indicates that growth has become less consistent. If weaker volumes or realizations persist, slower top-line growth could limit operating leverage and make it harder to sustain the company’s recent earnings trajectory.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year scale-up and stronger equity base
The substantial expansion in assets and equity indicates that BCL Industries has built a larger operating base over several years. This supports continued capacity and business development, while the stronger equity cushion can improve resilience as the company scales its agri-processing and distillery operations.
Read all positive factors
BCL Industries Ltd (BCLIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹9.41B
Dividend Yield1.12%
Average Volume (3M)58.57K
Price to Earnings (P/E)7.9
Beta (1Y)1.20
Revenue Growth-10.85%
EPS Growth13.24%
CountryIN
Employees692
SectorGeneral
Sector StrengthN/A
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)3.95
Shares Outstanding295,163,330
10 Day Avg. Volume48,367
30 Day Avg. Volume58,572
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)0.84
Price to Sales (P/S)0.26
P/FCF Ratio4.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)5.2
Revenue Forecast (FY)₹26.65B
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
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.49B | 29.04B | 28.15B | 21.29B | 18.18B | 19.88B |
| Gross Profit | 6.23B | 6.78B | 5.02B | 2.19B | 4.10B | 1.59B |
| EBITDA | 2.56B | 2.51B | 2.14B | 1.98B | 1.27B | 1.45B |
| Net Income | 1.17B | 1.15B | 949.65M | 902.97M | 662.88M | 848.42M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 16.48B | 15.55B | 13.01B | 10.96B | 7.58B |
| Cash, Cash Equivalents and Short-Term Investments | 1.98B | 1.98B | 195.54M | 21.59M | 113.14M | 180.79M |
| Total Debt | 0.00 | 5.69B | 5.36B | 4.77B | 4.38B | 2.57B |
| Total Liabilities | -9.51B | 6.97B | 7.23B | 6.27B | 6.05B | 3.79B |
| Stockholders Equity | 9.51B | 9.10B | 8.02B | 6.52B | 4.80B | 3.67B |
Cash Flow | ||||||
| Free Cash Flow | 365.70M | 1.61B | -1.01B | -979.76M | -2.22B | -749.42M |
| Operating Cash Flow | 1.05B | 2.92B | 329.14M | 391.84M | 345.77M | 950.53M |
| Investing Cash Flow | -967.91M | -1.98B | -1.29B | -1.31B | -2.56B | -1.48B |
| Financing Cash Flow | 1.01B | 249.80M | 1.13B | 920.63M | 2.06B | 620.77M |
BCL Industries Ltd Technical Analysis
Negative
31.51
Price Trends
35.16
Negative
34.92
Negative
32.54
Negative
Market Momentum
-0.94
Positive
28.57
Positive
17.84
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 below the 20-day moving average (MA) of 33.77, below the 50-day MA of 35.16, and below the 200-day MA of 32.54, indicating a bearish trend. The MACD of -0.94 indicates Positive momentum. The RSI at 28.57 is Positive, neither overbought nor oversold. The STOCH value of 17.84 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹1.02T | 53.59 | ― | 0.51% | 25.00% | 12.83% | |
74 Outperform | ₹166.59B | 21.73 | ― | 3.76% | 2.82% | -8.52% | |
69 Neutral | ₹68.56B | 23.63 | ― | 1.91% | 3.85% | -22.29% | |
67 Neutral | ₹9.41B | 7.91 | ― | 1.12% | -10.85% | 13.24% | |
65 Neutral | ₹675.88B | 33.66 | ― | 2.19% | 7.40% | 10.63% | |
59 Neutral | ₹873.85B | 44.90 | ― | 2.36% | 9.22% | 3.19% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:BCLIND
BCL Industries Ltd
31.31
-9.66
-23.58%
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372.35
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IN:GODREJCP
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843.00
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-25.22%
IN:JYOTHYLAB
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IN:MARICO
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10.27%
BCL Industries Ltd Corporate Events
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...
BCL Industries boosts Bathinda ethanol capacity to 550 KLPD
Jul 13, 2026
BCL Industries Ltd has completed commissioning a 150 KLPD ethanol brownfield expansion at its Bathinda, Punjab distillery, increasing total distillery capacity at the site to 550 KLPD. The capacity addition strengthens the company’s status a...
BCL Industries JMD Kushal Mittal Named to Hurun India U30 List
Jul 3, 2026
BCL Industries Ltd announced that its Joint Managing Director, Kushal Mittal, has been featured in the Avendus Wealth – Hurun India U30 List 2026, which honours entrepreneurs aged 30 and under whose innovation and leadership have created not...
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.