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Bengal & Assam Company

BENGALASM NSE
₹5,675.00 +1.50 (+0.03%)
P/E
8.49
View as Markdown
MCP
Close 4 Nov 2026 ₹5,675.00 −1,834.15 −24.4% 1Y
Start ₹7,509.15

Key Fundamentals

MicrocapFinanceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

Debt to Equity
0.06
EPS (TTM)
₹668.59
Book Value
₹9,371.54
Market Cap
—
P/E (TTM)
8.49
P/B
0.61
ROE
8.11%
Dividend Yield
0.88%
52W High
₹7,723.00
52W Low
₹5,312.00
Day Range
₹5,675.00 – ₹5,747.50
Volume
50
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › NBFC › Non Banking Financial Company (NBFC)

Bengal & Assam peer comparison
Bajaj Finance
₹994.0028.53₹6,11,015 Cr5.020.62%18.20%—₹90,331 Cr₹22,067 Cr
Shriram Finance
₹908.7515.19₹2,13,704 Cr1.920.73%16.40%—₹51,877 Cr₹12,688 Cr
Cholamandalam Investment
₹1,658.0024.45₹1,42,243 Cr4.100.12%19.40%—₹32,663 Cr₹5,751 Cr
Tata Capital
₹337.7526.24₹1,41,036 Cr2.930.17%12.40%—₹32,695 Cr₹5,478 Cr
Muthoot Finance
₹2,709.809.57₹1,04,354 Cr2.481.19%30.90%—₹33,431 Cr₹11,457 Cr
L&T Finance
₹263.7020.75₹63,912 Cr2.261.09%11.20%—₹18,898 Cr₹3,198 Cr
SBI Cards
₹553.0023.14₹52,160 Cr3.060.47%14.70%—₹20,063 Cr₹2,275 Cr
Bengal & Assam (this company)
₹5,675.008.49₹6,472 Cr0.610.88%8.11%—₹2,437 Cr₹783 Cr
Median 8 companies₹951.3821.95₹1,22,695 Cr2.710.68%15.55%—₹32,679 Cr₹5,615 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

61 Good

Data confidence 94/100

Category scores

Quality
64
Good
Returns, margins, earnings quality 22% weight
Valuation
75
Strong
Cheap vs sector & own history 24% weight
Growth
44
Weak
Sales & profit trajectory 9% weight
Financial Health
95
Strong
Solvency, leverage, coverage 9% weight
Momentum
16
Poor
Trend strength, vol-adjusted 12% weight
Ownership
54
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Stock is trading at 0.64 times its book value

Weaknesses

4
  • The company has delivered a poor sales growth of -25.1% over past five years.
  • Company has a low return on equity of 11.8% over last 3 years.
  • Dividend payout has been low at 5.29% of profits over last 3 years
  • Debtor days have increased from 46.1 to 66.8 days.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1261
OscillatorsBearish261
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
39.53
Neutral
MACD (12,26,9)
−112.88
Bearish
SMA (50)
6,051.81
Bearish
SMA (200)
6,198.92
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+5.51%
5Y−25.12%
3Y−47.01%
1Y+12.39%
TTM+12.10%

Net profit

Net profit growth by window
10Y+12.92%
5Y+4.45%
3Y−7.67%
1Y+11.66%
TTM+3.43%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,560 Cr
Mar 2018₹1,531 Cr
Mar 2019₹12,534 Cr
Mar 2020₹11,119 Cr
Mar 2021₹10,439 Cr
Mar 2022₹13,609 Cr
Mar 2023₹16,521 Cr
Mar 2024₹12,962 Cr
Mar 2025₹2,187 Cr
Mar 2026₹2,458 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹345 Cr
Mar 2018₹207 Cr
Mar 2019₹457 Cr
Mar 2020₹522 Cr
Mar 2021₹678 Cr
Mar 2022₹731 Cr
Mar 2023₹1,071 Cr
Mar 2024₹4,194 Cr
Mar 2025₹755 Cr
Mar 2026₹843 Cr

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Bengal & Assam Company Ltd is a nearly debt-free financial services firm trading at a P/E of 8.4x and 0.66x book value with a market cap of Rs 7,094 Cr. However, it faces significant revenue headwinds with a 5-year sales CAGR of -26% and deteriorating working capital efficiency, while its long-term profit compounding at 13% over 10 years and stock CAGR of 22% over 10 years reflect historical value creation.

Bull Case 8
  • Company is almost debt-free, providing financial resilience and flexibility in a rising interest rate environment
  • Stock trades at 0.66x book value, significantly below its net asset value, suggesting potential undervaluation relative to balance sheet
  • P/E ratio of 8.4x is well below the financial services sector average, indicating undemanding valuations
  • 10-year compounded profit growth of 13% demonstrates long-term earnings compounding ability despite recent weakness
  • 10-year stock CAGR of 22% reflects sustained long-term wealth creation for patient investors
  • TTM profit growth of 15% signals a potential earnings recovery after a period of decline
  • 5-year stock CAGR of 26% outperforms broader market indices over the same period
  • 10-year ROE average of 14% indicates the company has historically generated reasonable returns on shareholder equity
Bear Case 8
  • 5-year compounded sales growth of -26% indicates severe and sustained revenue erosion
  • 3-year compounded sales growth of -48% shows an accelerating decline in top-line performance
  • Debtor days increased from 46.9 to 69.0 days, indicating deteriorating collection efficiency and potential credit quality concerns
  • Working capital days expanded from 44.9 to 73.5 days, reflecting worsening capital efficiency and cash conversion
  • Last year ROE dropped to 8% from a 5-year average of 13%, signalling declining profitability on equity employed
  • Dividend payout of only 5.29% of profits over last 3 years suggests minimal capital return to shareholders despite being debt-free
  • 1-year stock decline of -24% reflects recent negative market sentiment and possible fundamental concerns
  • 3-year compounded profit growth of -5% shows earnings have been contracting on a medium-term basis

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

153d ago

TL;DR: Bengal & Assam delivered a strong FY26 with consolidated net profit of ₹84,340.45 lakh and a generous ₹50 per share dividend recommendation. No material headwinds are visible in recent newsflow. The auditor resignation is health-related and routine. Outlook remains stable with shareholder-friendly capital return policy intact.

Positives 1
  • ₹50 dividend, strong FY26 profit May 29

    Board recommended ₹50 per share dividend backed by FY26 consolidated net profit of ₹84,340.45 lakh, signaling robust earnings and shareholder returns.

Neutral 3
  • Board met May 29 for results May 22

    Board meeting scheduled for May 29 to consider Q4 and FY26 audited results and dividend recommendation. Results have since been announced.

  • Secretarial Auditor resigns on health May 13

    Shri Namo Narain Agarwal resigned as Secretarial Auditor citing health issues, effective from the ensuing Board Meeting. No governance concerns flagged.

  • Saksham Niveshak KYC campaign launched May 12

    Second 100 Days Campaign running April 1 to July 9, 2026 to help shareholders complete KYC updates and prevent dividend transfer to IEPF.

Quarterly Results

₹ Cr
533095 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
4,241
4,377
3,777
523
528
590
489
521
573
642
531
630
633
Expenses
3,710
3,697
3,224
413
445
432
421
428
472
451
494
576
535
Financing Profit
402
561
447
100
73
148
57
80
88
178
26
40
86
Fin. Margin %
9%
13%
12%
19%
14%
25%
12%
15%
15%
28%
5%
6%
14%
Other Income
18
14
3,098
29
17
24
39
31
27
39
22
20
25
Interest
129
119
106
10
10
10
11
13
12
13
11
14
12
Depreciation
120
122
114
17
17
17
17
17
16
16
16
17
16
PBT
299
452
3,431
111
73
154
80
93
99
201
33
44
95
Tax %
33%
32%
11%
25%
28%
20%
29%
28%
28%
20%
22%
42%
27%
Net Profit
378
437
3,062
317
256
128
140
231
258
226
156
204
197
EPS (₹)
264
284
2,622
276
220
113
118
198
219
192
135
178
164

Profit & Loss

₹ Cr
533095 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
1,371
1,438
1,560
1,531
12,534
11,119
10,439
13,609
16,521
12,962
2,187
2,458
2,437
Expenses
1,205
1,243
1,283
1,247
11,151
9,842
8,937
12,278
14,903
11,044
1,727
1,994
2,056
Financing Profit
82
101
183
120
809
668
998
882
1,130
1,553
417
414
331
Fin. Margin %
6%
7%
12%
8%
6%
6%
10%
6%
7%
12%
19%
17%
14%
Other Income
27
26
28
29
−33
−84
52
26
−7
2,929
52
28
106
Interest
84
94
93
164
574
609
504
449
488
364
44
50
50
Depreciation
34
37
40
42
367
423
428
428
456
373
68
65
65
PBT
74
90
171
108
409
161
622
479
667
4,109
400
377
372
Tax %
19%
24%
24%
29%
34%
−85%
38%
35%
32%
16%
25%
25%
—
Net Profit
178
250
345
207
457
522
678
731
1,071
4,194
755
843
782
EPS (₹)
200
279
383
231
415
403
450
556
830
3,446
648
722
669
Div. Payout %
4%
4%
3%
4%
3%
4%
2%
3%
3%
1%
8%
7%
—

Balance Sheet

₹ Cr
533095 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
9
9
9
9
11
11
11
11
11
11
11
11
Reserves
1,274
1,514
1,813
2,005
2,991
3,363
3,904
4,533
5,502
9,052
9,750
10,676
Borrowing
410
444
422
348
6,474
6,093
5,110
5,527
5,185
422
556
642
Other Liabilities
314
328
347
416
4,734
4,833
5,418
6,155
6,527
952
1,019
1,096
Total Liabilities
2,006
2,294
2,591
2,777
14,211
14,300
14,443
16,226
17,226
10,437
11,336
12,426
Fixed Assets
355
377
366
391
6,701
6,810
6,647
6,841
6,931
461
480
488
CWIP
9
3
20
11
287
295
328
136
232
22
26
52
Investments
1,289
1,508
1,703
1,984
1,819
2,085
2,423
2,749
3,602
9,090
9,869
10,804
Other Assets
353
406
502
391
5,404
5,110
5,045
6,500
6,460
864
962
1,082
Total Assets
2,006
2,294
2,591
2,777
14,211
14,300
14,443
16,226
17,226
10,437
11,336
12,426

Cash Flow

₹ Cr
533095 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
109
144
113
102
993
1,500
1,780
351
1,437
1,817
294
252
Investing
−105
−102
54
−163
−368
−359
−177
−188
−647
−1,392
−286
−202
Financing
−3
−37
−172
64
−567
−1,184
−1,567
−144
−778
−590
39
−30
Net Cash Flow
1
4
−5
3
58
−43
37
19
12
−165
47
20
Free Cash Flow
85
88
70
52
669
1,158
1,582
−5
957
1,246
267
161
CFO/OP
78
87
59
51
81
123
126
36
102
111
82
69

Ratios

533095 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
19%
17%
20%
10%
15%
16%
14%
15%
19%
22%
8%
8%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Bengal & Assam insights

47 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 72.87%
  • Public 11.53%
  • Others 11.17%
  • FIIs 4.41%
  • DIIs 0.01%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Bengal & Assam Company

What does Bengal & Assam Company Ltd do?
Bengal & Assam Company Limited is a Core Investment Company registered with the RBI. Its objective is to hold investments in its subsidiaries, other group companies, money market mutual funds etc., as prescribed by the RBI.
Where is Bengal & Assam Company Ltd (BENGALASM) listed?
Bengal & Assam Company Ltd trades as BENGALASM on the NSE and under code 533095 on the BSE.
Which sector does Bengal & Assam Company Ltd belong to?
Bengal & Assam Company Ltd is classified under the Financial Services sector, in the NBFC industry.
What is the PE ratio of Bengal & Assam Company Ltd?
Bengal & Assam Company Ltd trades at a PE ratio of 8.49 as of 4 Nov 2026, on earnings per share of ₹668.59, against a book value of ₹9,371.54 per share.
What is the 52-week high and low of Bengal & Assam Company Ltd?
Over the last 52 weeks Bengal & Assam Company Ltd has traded between ₹5,312 and ₹7,723 as of 4 Nov 2026.
Does Bengal & Assam Company Ltd pay dividends?
Bengal & Assam Company Ltd has a dividend yield of 0.88%.
What is the Return on Equity (ROE) of Bengal & Assam Company Ltd?
Bengal & Assam Company Ltd reported a return on equity of 8.11%. Its debt-to-equity ratio is 0.06.

Company Information

Bengal & Assam Company Limited is a Core Investment Company registered with the RBI. Its objective is to hold investments in its subsidiaries, other group companies, money market mutual funds etc., as prescribed by the RBI.

Website bengalassam.com
Listed 17 Aug 2009
Face Value ₹10

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