BCL Industries Limited

NSE: BCLIND · Breweries & Distilleries · sector

₹28.21NSE close 2026-10-26

Key numbers

Market cap₹833 cr

Price₹28.21

52w high / low₹41 / ₹26

P/E7.1xSector median 21.8x

P/B0.9xSector median 1.9x

Book value₹30.8

Dividend yield0.94%Sector median 0.83%

ROE13.6%Sector median 8.9%

ROCE14.0%Sector median 10.9%

OPM9.2%Sector median 6.1%

Debt / equity0.62xSector median 0.49x

EV/EBITDA4.8xSector median 24.1x

Interest cover6.8x

Current ratio2.01x

Sales growth 3y+16.9%Sector median +11.1%

Profit growth 3y+21.3%Sector median +14.2%

PEG–

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 27 companies in Breweries & Distilleries (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹198 cr vs borrowings ₹568 cr (FY26): borrowings are higher by ₹371 cr.
Borrowings rose in each of the last 3 years (₹438 cr → ₹568 cr).
Operating profit covered interest 6.8x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 3 of the last 5 years (FY25, FY24, FY23).
Revenue was higher than a year earlier in 0 of the last 4 quarters.
Other income was 10% of net profit in the last 12 months.
Debtor days went from 20 (FY24) to 10 (FY26).
Dividend paid in 5 of the last 5 financial years.
Price ₹28.21 on 2026-10-26: -31.2% from the 52-week high, +10.5% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹64.95 · low ₹25.68

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	746	762	743	820	719	756	608	623
EBITDA	55	46	49	54	67	67	55	61
OPM %	7.4%	6.1%	6.6%	6.5%	9.3%	8.8%	9.0%	9.8%
Other income	2	2	3	3	1	2	3	5
Net profit	28	19	25	31	29	32	23	32
EPS (₹)	0.94	0.65	0.86	1.04	0.98	1.09	0.79	1.09
Revenue YoY					-3.6%	-0.7%	-18.2%	-24.0%
Profit YoY					+4.5%	+67.4%	-8.6%	+5.3%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	1,993	1,820	2,201	2,910	2,904	2,707
EBITDA	138	124	191	205	242	250
Net profit	85	64	90	95	115	117
EPS (₹)	35.10	27.45	3.54	3.26	3.90	3.95
Revenue growth		-8.7%	+20.9%	+32.2%	-0.2%	-11.9%
Profit growth		-24.2%	+40.3%	+5.2%	+21.1%	+13.2%
Dividend / share (₹)	7.00	3.00	5.00	0.25	0.26

Compounded growth	3 years	5 years	Last 12 months
Sales	+16.9%	+15.2%	-11.9%
Net profit	+21.3%	+22.4%	+13.2%
EPS	-47.8%	-27.0%	–
Share price	–	-28.3% (2y)	-27.9%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	480	652	802	910
Borrowings	–	438	476	535	568
Cash & equivalents	–	8	6	175	198
Total assets	–	1,096	1,301	1,555	1,648
Fixed assets	–	316	618	610	796
Capital work in progress	–	212	13	110	7
Investments	–	7	10	11	42
Receivables	–	93	122	132	80
Inventory	–	321	385	445	274
Payables	–	124	95	130	51

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	95	35	39	63	325
Cash from investing	-145	-256	-131	-129	-198
Cash from financing	62	206	92	83	-8
Capex	167	256	137	134	132
Free cash flow	-72	-222	-98	-71	193

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	13.4%	13.9%	11.8%	12.6%
ROCE %	–	11.5%	14.4%	12.5%	13.6%
Debtor days	–	19	20	17	10
Inventory days	–	83	88	73	47
Payable days	–	32	22	21	9
Cash conversion cycle (days)	–	70	86	69	48
Working capital days	–	31	47	43	47

Shareholding

Holder	% (2026-09-30)
Promoters	58.23%
FIIs	0.12%
DIIs	0.01%
Government	0.92%
Public (non-institutions)	40.72%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	57.77%	58.03%	58.03%	58.03%	58.03%	58.23%	58.23%	58.23%

Promoter group	%
Sunita Mittal	16.59%
Kushal Mittal	16.49%
Rajinder Mittal	15.17%
Rajinder Mittal & Sons Huf .	4.88%
Sara Garg	3.73%
Garima Mittal	0.34%
Shreiya Aggarwal	0.34%
Shweta Jhunjhunwala	0.34%
Swati Mittal	0.34%
Radhika Mittal	0.02%
Manoj Mittal & Sons	0.00%
Vithal Mittal	0.00%
Meenu Aggarwal	0.00%
Manoj Finvest Private Limited	0.00%
Rachna Mittal	0.00%

Public holders above 1%	%
Sangeetha S	1.13%
Investor Education and Protection Fund	1.05%

1,32,290 shareholders. Pledged: 0.00% of promoter shares.

Peers in Breweries & Distilleries

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
UNITDSPR	₹89,828 cr	46.7x	10.0x	22.1%	26.0%	7.5%	0.0%	1.40%
RADICO	₹56,251 cr	79.9x	17.0x	23.2%	27.0%	5.2%	+18.1%	0.09%
UBL	₹30,041 cr	76.0x	6.6x	8.9%	10.9%	4.6%	+1.6%	0.83%
ABDL	₹18,770 cr	85.7x	11.3x	13.8%	17.1%	7.1%	–	0.54%
TI	₹12,032 cr	–	4.0x	-1.7%	2.6%	3.5%	+28.6%	0.16%
PICCADIL	₹5,389 cr	38.1x	6.0x	15.6%	15.5%	20.3%	–	–
GLOBUSSPR	₹2,069 cr	20.5x	1.9x	9.6%	12.1%	7.3%	+8.6%	0.39%
INDIAGLYCO	₹1,916 cr	5.8x	0.7x	12.2%	11.3%	6.5%	+13.9%	3.93%
GMBREW	₹1,784 cr	10.3x	1.6x	16.3%	20.0%	6.1%	+8.6%	0.96%
BCLIND	₹833 cr	7.1x	0.9x	13.6%	14.0%	9.2%	+16.9%	0.94%

All 27 companies in Breweries & Distilleries →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
(b) Segment – Distillery	₹1,253 cr	41.0%	₹124 cr	9.9%
(d) Svaksha Distillery Ltd. Kharagpur (Subsidary)	₹899 cr	29.4%	₹99 cr	11.0%
(a) Maize Oil Extraction & Refinery	₹761 cr	24.9%	₹28 cr	3.7%
(f) Oil Trading Unit	₹138 cr	4.5%	₹1 cr	1.0%
(c) Segment – Real Estates	₹5 cr	0.2%	₹-1 cr	-24.4%
(e) Goyal Distillery Pvt. Ltd. (Subsidary)	₹0 cr	0.0%	₹-1 cr	-1,289.9%
(g) Un-allocated	₹0 cr	–	₹0 cr	–

Dividends & corporate actions

Ex-date	Action	Detail
2026-09-18	Dividend	Dividend - Re 0.35 Per Share
2025-09-19	Dividend	Dividend - Re 0.26 Per Share
2024-09-11	Dividend	Dividend - Re 0.25 Per Share
2023-10-27	Split	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share
2023-09-22	Dividend	Annual General Meeting/Dividend - Rs 5 Per Share
2022-09-19	Dividend	Annual General Meeting/Dividend - Rs 3 Per Share
2022-03-22	Dividend	Interim Dividend - Rs 2 Per Share
2021-09-20	Dividend	Annual General Meeting/Dividend - Rs 5 Per Share

Documents

Links go to the original files on the exchange website.

About the company

Extraction: Maize Oil & Refinery
Manufacturing: Distillery
Construction: Real Estate
Processing: Edible oil


Sector	Fast Moving Consumer Goods
Industry	Breweries & Distilleries
Sub-industry	Breweries & Distilleries
Symbol	BCLIND
BSE code	524332
ISIN	INE412G01024
Face value	₹1.0
Incorporated	1976-02-03
Website	www.bcl.ind.in
Plants (India / abroad)	1 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.