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Orissa Bengal Carrier Ltd.
(OBCL)
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Rating:45Neutral
Price Target:
₹54.00
▲(12.15% Upside)
Action:Reiterated
Date:09/06/26
The score is primarily constrained by weak financial performance (sharp revenue decline, losses, higher leverage, and inconsistent/negative free cash flow). Technicals are relatively neutral and slightly supportive, but valuation remains pressured due to negative earnings and no dividend yield data to offset profitability risk.
Positive Factors
Established road-freight model
OBCL’s core business is tied to an essential logistics function: moving goods between locations. Revenue can be generated through freight trips, contracted lanes, dedicated capacity, and ancillary services, providing a clear operating model that can support recovery if shipment volumes and network utilization improve.
Negative Factors
Sharp revenue and profit deterioration
The steep FY2026 revenue decline and shift into losses indicate material deterioration in demand, utilization, pricing, or cost absorption. Negative EBIT weakens internal funding capacity and makes recovery dependent on restoring volumes and margins rather than relying on stable existing profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Established road-freight model
OBCL’s core business is tied to an essential logistics function: moving goods between locations. Revenue can be generated through freight trips, contracted lanes, dedicated capacity, and ancillary services, providing a clear operating model that can support recovery if shipment volumes and network utilization improve.
Read all positive factors
Orissa Bengal Carrier Ltd. (OBCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.15B
Dividend Yield0.31%
Average Volume (3M)2.10K
Price to Earnings (P/E)―
Beta (1Y)0.52
Revenue Growth-1.23%
EPS Growth-368.25%
CountryIN
Employees275
SectorGeneral
Sector StrengthN/A
IndustryTrucking
Share Statistics
EPS (TTM)-4.03
Shares Outstanding21,082,790
10 Day Avg. Volume356
30 Day Avg. Volume2,105
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)1.44
Price to Sales (P/S)0.35
P/FCF Ratio-10.61
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)N/A
Revenue Forecast (FY)N/A
Orissa Bengal Carrier Ltd. Business Overview & Revenue Model
Company Description
Operating from Raipur, India, Orissa Bengal Carrier Limited is an Indian enterprise established in 1994, specializing in a comprehensive range of transportation and logistics services. The company's service portfolio includes full truckload (FTL) ...
How the Company Makes Money
OBCL primarily makes money by charging customers for freight transportation services, where revenue is earned on the basis of shipment movement (e.g., per trip, per tonne/ton-km, per vehicle, or contracted lane rates, depending on customer agreeme...
Orissa Bengal Carrier Ltd. Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
49
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.44B | 3.47B | 3.39B | 3.33B | 3.67B | 3.03B |
| Gross Profit | 70.91M | 82.54M | 119.42M | 107.22M | 143.23M | 120.38M |
| EBITDA | 10.05M | 48.84M | 127.60M | 93.06M | 89.64M | 148.69M |
| Net Income | -84.88M | -78.29M | 23.12M | 36.86M | 36.69M | 78.32M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.72B | 1.63B | 1.14B | 983.65M | 1.03B |
| Cash, Cash Equivalents and Short-Term Investments | 41.74M | 41.74M | 23.39M | 13.04M | 23.26M | 120.21M |
| Total Debt | 0.00 | 724.24M | 590.18M | 136.50M | 19.62M | 93.05M |
| Total Liabilities | -839.26M | 877.23M | 709.82M | 241.66M | 126.52M | 204.89M |
| Stockholders Equity | 839.26M | 839.26M | 917.83M | 894.39M | 857.14M | 820.12M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -113.83M | -337.69M | -62.58M | -11.07M | 272.70M |
| Operating Cash Flow | 0.00 | 91.36M | -151.02M | 79.88M | 43.52M | 273.35M |
| Investing Cash Flow | 0.00 | -194.66M | -252.94M | -193.95M | -53.26M | 25.88M |
| Financing Cash Flow | 0.00 | 130.77M | 414.78M | 103.85M | -87.20M | -205.67M |
Orissa Bengal Carrier Ltd. Technical Analysis
Neutral
48.15
Price Trends
53.93
Positive
54.79
Negative
55.00
Negative
Market Momentum
0.33
Positive
50.86
Neutral
37.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:OBCL, the sentiment is Neutral. The current price of 48.15 is below the 20-day moving average (MA) of 54.67, below the 50-day MA of 53.93, and below the 200-day MA of 55.00, indicating a neutral trend. The MACD of 0.33 indicates Positive momentum. The RSI at 50.86 is Neutral, neither overbought nor oversold. The STOCH value of 37.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:OBCL.
Orissa Bengal Carrier Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹881.91M | 8.77 | ― | 2.18% | 16.11% | 28.77% | |
68 Neutral | ₹51.41B | 18.88 | ― | 3.47% | 5.59% | 21.76% | |
62 Neutral | ₹3.10B | 9.70 | ― | 0.67% | 2.03% | 26.42% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹9.15B | 29.26 | ― | ― | 16.89% | -27.40% | |
54 Neutral | ₹939.68M | 12.34 | ― | 0.18% | 20.99% | 69.45% | |
45 Neutral | ₹1.15B | -13.89 | ― | 0.31% | -1.23% | -368.25% |
* General Sector Average
IN:OBCL
Orissa Bengal Carrier Ltd.
54.77
-1.98
-3.49%
IN:AVG
AVG Logistics Ltd.
173.70
-49.30
-22.11%
IN:JETFREIGHT
Jet Freight Logistics Ltd.
20.01
6.74
50.79%
IN:PATINTLOG
Patel Integrated Logistics Ltd.
13.22
-1.38
-9.45%
IN:RITCO
Ritco Logistics Ltd.
315.10
41.10
15.00%
IN:VRLLOG
VRL Logistics Ltd.
288.75
21.62
8.09%
Orissa Bengal Carrier Ltd. Corporate Events
OBCL Clears Quarterly Results, Sets AGM and Expands Borrowing Powers
Jul 29, 2026
OBCL Limited has approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, alongside the Board’s Report for the year ended March 31, 2026 and the notice convening its 31st Annual General Meetin...
Orissa Bengal Carrier Confirms Full Demat Shareholding for June Quarter
Jul 10, 2026
Orissa Bengal Carrier Ltd. has reported that Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 is not applicable to the company for the quarter ended June 30, 2026. The company’s registrar, Bigshare Services Pvt....
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.