BCL Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹901 Cr
- P/E
- 7.72
- ROE
- 13.44%
- PEG
- 0.40
- Price to sales
- 0.35
- Debt to equity
- 0.63
- 52W high / low
- ₹40.6 / ₹25.7
- Sales growth (5Y)
- 14.36%
- EBITDA margin
- 9.66%
- Net profit margin
- 4.53%
- Promoter holding
- 58.23%
- Sales (last year)
- ₹2,583 Cr
Guidance scorecard · Q1 FY27 call
What BCL Industries Ltd's management guided
RevenueQ1 FY27 call
10–20%- Order book is full for the next 2-3 months, indicating strong near-term demand.
- Volumes for ethanol and ENA expected to increase once the 200 KLPD plant (currently shut due to fire) resumes production in about 15 days.
- Demand from flex fuel vehicles (E85/E100) is expected to take time to contribute as currently, flex fuel vehicle availability is minimal.
- Supreme Court's allowance for OMCs to procure 1.49 billion liters for Q4 FY25-'26 could add incremental volume (~4.5 crore liters) for the company in next 2-3 months.
- Country liquor volumes show strong growth (42% QoQ and 46% YoY), signaling robust momentum in this segment.
2 more points from BCL Industries Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what BCL Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The 250 KLPD grain-based plant at Fatehabad is on hold; machinery orders are finalized but construction is paused due to social media backlash against the ethanol policy. Management is waiting for clearer policy direction before proceeding.
- The malt plant project is still under consideration with no set timelines; initial focus is on entering the IMFL business before expanding into malt production.
- Bio-CNG plant evaluation is ongoing due to promising government policy, but challenges remain with paddy straw as raw material and byproduct selling.
- Biodiesel plant plans are on hold due to low biodiesel prices and imported raw materials affecting profitability.
2 more points from BCL Industries Ltd's call on capex
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FundraisingQ1 FY27 call
None plannedSee what BCL Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- The order book is full up until November 2026, covering the end of ESY 25-26.
- For the next 2-3 months, the company expects a strong order book driven by a Supreme Court order allowing OMCs an additional 1.49 billion liters procurement, with BCL Industries anticipated to gain around 45 million liters from this.
- The management expects operations to remain at 100% capacity into the next year.
2 more points from BCL Industries Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Financials of BCL Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of BCL Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 534 | 457 | 429 | 481 | 622 | 598 | 636 | 721 | 735 | 723 | 792 | 691 | 726 |
| Expenses + | 493 | 410 | 389 | 434 | 568 | 547 | 582 | 666 | 689 | 673 | 738 | 624 | 660 |
| Operating Profit | 40 | 47 | 39 | 47 | 55 | 50 | 54 | 55 | 46 | 49 | 53 | 67 | 67 |
| OPM % | 8% | 10% | 9% | 10% | 9% | 8% | 8% | 8% | 6% | 7% | 7% | 10% | 9% |
| Other Income + | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 1 | 2 |
| Interest | 5 | 7 | 7 | 9 | 10 | 7 | 11 | 6 | 8 | 5 | 7 | 10 | 7 |
| Depreciation | 7 | 7 | 7 | 9 | 10 | 10 | 11 | 11 | 12 | 12 | 11 | 13 | 13 |
| Profit before tax | 30 | 33 | 27 | 30 | 38 | 35 | 33 | 39 | 29 | 35 | 38 | 45 | 48 |
| Tax % | 24% | 26% | 27% | 35% | 13% | 32% | 27% | 24% | 28% | 21% | 11% | 30% | 26% |
| Net Profit + | 23 | 25 | 20 | 20 | 33 | 24 | 25 | 30 | 21 | 28 | 33 | 32 | 35 |
| EPS in Rs | 0.97 | 1.01 | 0.77 | 0.71 | 1.14 | 0.85 | 0.77 | 0.94 | 0.65 | 0.86 | 1.04 | 0.98 | 1.09 |
Financials of BCL Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 642 | 844 | 890 | 913 | 1,427 | 1,988 | 1,818 | 2,129 | 2,815 | 2,932 |
| Expenses + | 605 | 797 | 817 | 857 | 1,359 | 1,850 | 1,695 | 1,938 | 2,611 | 2,696 |
| Operating Profit | 37 | 47 | 74 | 56 | 69 | 138 | 124 | 191 | 205 | 237 |
| OPM % | 6% | 6% | 8% | 6% | 5% | 7% | 7% | 9% | 7% | 8% |
| Other Income + | 5 | 7 | 8 | 7 | 28 | 8 | 7 | 7 | 9 | 9 |
| Interest | 21 | 21 | 19 | 15 | 26 | 18 | 20 | 33 | 31 | 30 |
| Depreciation | 9 | 11 | 11 | 14 | 13 | 15 | 25 | 36 | 46 | 50 |
| Profit before tax | 11 | 22 | 52 | 35 | 58 | 113 | 85 | 130 | 137 | 166 |
| Tax % | 14% | 18% | 20% | 26% | 27% | 25% | 25% | 26% | 25% | |
| Net Profit + | 10 | 18 | 41 | 26 | 42 | 85 | 64 | 96 | 103 | 128 |
| EPS in Rs | 0.69 | 1.14 | 2.37 | 1.35 | 1.75 | 3.51 | 2.74 | 3.32 | 3.22 | 3.97 |
| Dividend Payout % | 14% | 0% | 5% | 0% | 29% | 14% | 18% | 8% | 8% |
Financials of BCL Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 16 | 17 | 19 | 24 | 24 | 24 | 27 | 30 | 30 |
| Reserves | 84 | 116 | 165 | 198 | 261 | 342 | 456 | 624 | 772 | 824 |
| Borrowings + | 217 | 228 | 192 | 178 | 183 | 260 | 438 | 477 | 536 | 662 |
| Other Liabilities + | 166 | 136 | 185 | 209 | 164 | 130 | 177 | 172 | 217 | 167 |
| Total Liabilities | 481 | 495 | 560 | 604 | 632 | 758 | 1,096 | 1,301 | 1,555 | 1,683 |
| Fixed Assets + | 85 | 136 | 138 | 129 | 129 | 153 | 339 | 641 | 634 | 707 |
| CWIP | 54 | 5 | 10 | 19 | 29 | 166 | 212 | 13 | 110 | 80 |
| Investments | 25 | 33 | 34 | 36 | 26 | 5 | 7 | 10 | 11 | 42 |
| Other Assets + | 317 | 321 | 377 | 420 | 448 | 433 | 537 | 637 | 800 | 853 |
| Total Assets | 481 | 495 | 560 | 604 | 632 | 758 | 1,096 | 1,301 | 1,555 | 1,683 |
Financials of BCL Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 43 | 10 | 53 | 29 | 5 | 95 | 29 | 39 | 63 |
| Cash from Investing Activity + | -45 | -40 | -19 | -13 | -13 | -145 | -250 | -131 | -129 |
| Cash from Financing Activity + | 16 | 16 | -25 | -21 | 6 | 62 | 206 | 92 | 83 |
| Net Cash Flow | 13 | -14 | 8 | -6 | -2 | 12 | -16 | 0 | 17 |
| Free Cash Flow | -3 | 2 | 34 | 15 | -17 | -72 | -228 | -98 | -71 |
| CFO/OP | 123% | 30% | 84% | 62% | 16% | 96% | 41% | 36% | 42% |
Financials of BCL Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 27 | 18 | 25 | 14 | 34 | 19 | 19 | 21 | 17 |
| Inventory Days | 169 | 142 | 138 | 165 | 75 | 43 | 83 | 88 | 73 |
| Days Payable | 93 | 55 | 79 | 76 | 30 | 17 | 32 | 22 | 21 |
| Cash Conversion Cycle | 102 | 106 | 84 | 103 | 80 | 44 | 70 | 87 | 69 |
| Working Capital Days | 23 | 27 | 29 | 35 | 37 | 19 | 29 | 47 | 41 |
| ROCE % | 13% | 19% | 13% | 19% | 23% | 13% | 16% | 13% |
Guidance history
How BCL Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | None planned | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | None planned | — |
| Q3 FY26 call → | 10–20% | Flat | — | Planned | — |
| Q2 FY26 call → | 10–20% | Down 0–2% | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
16 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −24.5% | 31% |
| Last 6 months | −14.1% | 29% |
| Last 3 months | −11.7% | 36% |
The price is 63.1% below its all-time high of ₹83.12 (16 Feb 2024). Stocks more than 20% below their peak have their score halved, so 31 became 16.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For BCL Industries Ltd: 0.4 × 31 + 0.4 × 29 + 0.2 × 36 = 31, halved to 16 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.