Bombay Burmah Trading logo

Bombay Burmah Trading

BBTC NSE

Key Fundamentals

MicrocapPackaged FoodsFood Products
Market Cap
₹9,850 Cr
Volatility
Moderate
P/E Ratio
7.7
EBITDA
₹3,760 Cr
Return on Equity
26.04%
Debt to Equity
0.23
Book Value
₹1,009.29
EPS
₹165.89
52W High
₹2,135
52W Low
₹1,314.6

Tapetide Score

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

Key Insights

Strengths

1
  • Company has delivered good profit growth of 26.2% CAGR over last 5 years

Weaknesses

1
  • The company has delivered a poor sales growth of 7.84% over past five years.

Growth Rate

Revenue Growth
6.93% higher than 3Y
Net Income Growth
13.63% lower than 3Y
Cash Flow Change
8.02% lower than 3Y
ROE
-7.5% lower than 3Y
ROCE
-6.34% higher than 3Y
EBITDA Margin (Avg.)
3.27% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk medium

Bombay Burmah Trading Corporation (BBTC) is a Wadia Group holding company that indirectly controls a 50.5% majority stake in Britannia Industries. It trades at a PE of 4.4x against an industry PE of ~35x, reflecting a steep holding company discount, while delivering 26.8% CAGR profit growth over five years on modest 7-8% sales growth.

Bull Case 8
  • Trades at a PE of just 4.4x versus the FMCG industry PE of ~35x, implying a significant valuation discount
  • Holds a 50.5% majority stake in Britannia Industries (market cap ~₹1.13 lakh crore), providing substantial underlying asset value relative to BBTC's own ₹10,766 crore market cap
  • Compounded profit growth of 27% CAGR over 5 years and 31% CAGR over 3 years, demonstrating strong earnings momentum
  • Return on equity improved sharply to 19% in the last year and 3-year average, up from negative 5-year average, signaling operational turnaround
  • ROCE of ~40% (TTM) indicates efficient capital deployment across the consolidated business
  • Low debt-to-equity ratio of 0.22-0.23x suggests a conservatively leveraged balance sheet
  • Stock has compounded at 14% CAGR over 10 years despite recent 22% correction in the last year, indicating long-term value creation track record
  • Dividend yield of 1.09% provides a small but steady income stream to shareholders
Bear Case 7
  • Poor revenue growth of only 7-8% CAGR over 5 and 10 years, indicating limited top-line expansion in core operations
  • Stock has declined 22% over the past 1 year, underperforming broader markets significantly
  • 5-year ROE average is negative at -5%, reflecting historical periods of poor profitability before the recent recovery
  • Holding company structure means the stock may continue to trade at a persistent discount to its underlying asset value with no clear catalyst for re-rating
  • Promoter holding at 75.25% limits free float to ~25%, resulting in lower liquidity and potentially higher volatility
  • Core standalone businesses (tea, coffee plantations) are commodity-exposed with cyclical earnings and limited pricing power
  • Beta of ~1.5 indicates the stock is significantly more volatile than the broader market, amplifying downside risk in corrections

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

AI News Digest

Anthropic anthropic claude-opus-4.6 82d ago
Neutral 2
  • Unpaid dividend transfer to IEPF Jun 2

    Bombay Burmah will transfer unpaid dividends for FY 2018-19 and corresponding shares to IEPF on September 18, 2026. Shareholders must claim dues by September 4.

  • No promoter share encumbrance in FY26 May 28

    Promoters confirm no shares were encumbered during FY26, disclosed under Regulation 31(4) of SAST Regulations.

TL;DR: BBTC has had a quiet news cycle with only routine regulatory disclosures. The absence of promoter share encumbrance is a mild governance positive, while the IEPF transfer is standard compliance. No material headwinds or catalysts are visible in recent coverage, leaving the near-term outlook driven by broader sector and subsidiary performance.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
4,087
4,524
4,337
4,162
4,333
4,761
4,685
4,519
4,712
4,943
5,066
4,818
5,089
Expenses
3,748
3,737
3,538
3,399
3,598
4,037
3,811
3,717
3,988
4,007
4,123
3,991
4,275
Operating Profit
339
787
799
763
736
724
873
802
724
936
943
827
814
OPM %
8%
17%
18%
18%
17%
15%
19%
18%
15%
19%
19%
17%
16%
Other Income
97
66
269
105
29
187
81
109
74
85
78
174
83
Interest
127
155
53
29
31
37
51
39
34
41
39
24
27
Depreciation
74
75
81
84
77
80
86
84
86
89
88
89
83
PBT
235
624
934
756
656
794
818
788
678
891
893
889
787
Tax %
71%
34%
22%
27%
28%
35%
23%
26%
27%
36%
27%
12%
26%
Net Profit
68
412
731
549
472
516
627
585
498
566
655
781
583
EPS in Rs
-22.38
17.49
65.46
40.73
31.86
36.22
48.58
44.24
34.5
34.64
45.34
63.63
41.3
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
8,197
8,762
9,434
10,238
11,423
11,889
13,396
14,544
16,623
17,109
18,298
19,539
19,915
Expenses
7,335
7,558
8,164
8,919
9,741
10,138
11,247
12,939
14,897
14,242
15,162
16,107
16,395
Operating Profit
861
1,204
1,270
1,319
1,683
1,751
2,150
1,605
1,726
2,867
3,136
3,432
3,520
OPM %
11%
14%
13%
13%
15%
15%
16%
11%
10%
17%
17%
18%
18%
Other Income
295
161
186
201
391
440
338
376
-781
290
406
409
419
Interest
41
44
43
55
60
124
151
252
425
364
159
138
131
Depreciation
155
126
131
153
172
200
213
215
239
313
326
352
349
PBT
961
1,195
1,282
1,312
1,841
1,868
2,124
1,514
281
2,479
3,057
3,351
3,460
Tax %
28%
34%
33%
41%
35%
31%
40%
47%
290%
32%
28%
25%
—
Net Profit
696
792
858
773
1,189
1,280
1,278
809
-534
1,689
2,199
2,499
2,584
EPS in Rs
51.15
55.36
60.45
39.76
89
85.75
52.96
9.09
-240
91.24
161
178
185
Div. Payout %
2%
2%
2%
3%
1%
1%
2%
13%
0%
1%
11%
10%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
14
14
14
14
14
14
14
14
14
14
14
14
Reserves
1,552
1,899
3,664
3,950
4,403
5,080
5,462
5,483
4,018
4,614
5,618
7,028
Borrowings
883
793
1,014
1,024
956
2,045
2,670
5,880
6,542
2,161
1,574
1,590
Other Liabilities
2,043
2,442
2,699
3,344
4,054
4,190
4,271
3,874
5,103
5,121
5,514
5,904
Total Liabilities
4,493
5,148
7,391
8,332
9,427
11,329
12,418
15,251
15,677
11,911
12,721
14,536
Fixed Assets
1,878
1,989
2,217
2,373
2,717
2,889
2,802
2,763
3,638
3,751
3,880
3,814
CWIP
49
91
33
207
108
51
131
561
108
189
90
42
Investments
779
1,071
2,365
2,832
3,221
4,998
4,638
3,818
4,795
4,281
5,332
6,751
Other Assets
1,786
1,997
2,776
2,920
3,381
3,391
4,847
8,109
7,136
3,690
3,419
3,928
Total Assets
4,493
5,148
7,391
8,332
9,427
11,329
12,418
15,251
15,677
11,911
12,721
14,536
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
656
786
411
1,213
1,104
1,409
1,692
1,447
2,475
1,935
2,239
2,419
Investing
-435
-667
-357
-967
-772
-1,643
-393
-2,993
-1,819
3,912
-866
-924
Financing
-59
-304
-26
-221
-368
267
-866
1,494
-705
-5,648
-1,781
-1,132
Net Cash Flow
162
-185
27
26
-35
33
433
-52
-50
199
-409
363
Free Cash Flow
694
503
64
796
694
1,152
1,441
886
1,884
1,678
1,979
2,287
CFO/OP
112
99
64
130
101
110
115
135
190
97
97
98
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
9
10
9
13
15
11
9
10
9
10
10
10
Inventory Days
39
39
47
43
48
43
56
59
47
47
44
45
Days Payable
56
58
50
60
64
56
64
54
55
63
61
63
Cash Conversion Cycle
-8
-9
5
-4
-1
-1
1
14
1
-6
-7
-8
Working Capital Days
-19
-13
21
14
21
-11
-24
-39
-56
-35
-27
-30
ROCE %
28%
36%
27%
21%
27%
24%
24%
16%
16%
28%
36%
33%

Insights

Beta

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

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68 extracted metrics + investor summaries across FY12–FY26.

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Shareholding Pattern

DIIs1.03%Promot.74.05%Others3.44%FIIs9.46%Public12.03%As ofJun 2026

Documents

Frequently Asked Questions about Bombay Burmah Trading

What does The Bombay Burmah Trading Corporation Ltd do?
Founded in the year 1863, Bombay Burmah Trading Corporation Limited (BBTCL) is a flagship Company of Wadia Group. Originally BBTCL was formed as a public company to carry out Teak business of William Wallace and was catering to domestic demands. Later in 1913 BBTCL turned to tea plantations by i...
Where is The Bombay Burmah Trading Corporation Ltd (BBTC) listed?
The Bombay Burmah Trading Corporation Ltd trades as BBTC on the NSE and under code 501425 on the BSE.
Which sector does The Bombay Burmah Trading Corporation Ltd belong to?
The Bombay Burmah Trading Corporation Ltd is classified under the Food Products sector, in the Packaged Foods industry.
What is the market capitalisation of The Bombay Burmah Trading Corporation Ltd?
The Bombay Burmah Trading Corporation Ltd has a market capitalisation of ₹9,850 Cr, which places it in the Mid Cap band.
What is the PE ratio of The Bombay Burmah Trading Corporation Ltd?
The Bombay Burmah Trading Corporation Ltd trades at a PE ratio of 7.70, on earnings per share of ₹165.89, against a book value of ₹1,009.29 per share.
What is the 52-week high and low of The Bombay Burmah Trading Corporation Ltd?
Over the last 52 weeks The Bombay Burmah Trading Corporation Ltd has traded between ₹1,314.6 and ₹2,135.
Does The Bombay Burmah Trading Corporation Ltd pay dividends?
The Bombay Burmah Trading Corporation Ltd has a dividend yield of 1.18%.
What is the Return on Equity (ROE) of The Bombay Burmah Trading Corporation Ltd?
The Bombay Burmah Trading Corporation Ltd reported a return on equity of 26.04%. Its debt-to-equity ratio is 0.23.

Company Information

Founded in the year 1863, Bombay Burmah Trading Corporation Limited (BBTCL) is a flagship Company of Wadia Group. Originally BBTCL was formed as a public company to carry out Teak business of William Wallace and was catering to domestic demands. Later in 1913 BBTCL turned to tea plantations by investing in Tea estates in South India. Currently BBTCL has its presence in diversified business of Tea, Coffee, other plantation products, Biscuits, Dairy products, Auto electric and White goods, weighing products, horticulture, Healthcare products, Dental, orthopedic and ophthalmic products. [1]

Website bbtcl.com
CEO Mr. Ness Nusli Wadia Esq.
Employees 1,794
Listed 1996-04-03
Face Value ₹ 2
Issued Size 6,97,71,900

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