Bengal & Assam logo

Bengal & Assam

BENGALASM NSE

Key Fundamentals

MicrocapNBFCFinancial Services
Market Cap
₹7,066 Cr
Volatility
Moderate
P/E Ratio
9.37
EBITDA
₹502 Cr
Return on Equity
2.6%
Debt to Equity
0.06
Book Value
₹9,371.54
52W High
₹7,268
52W Low
₹5,845.85

Tapetide Score

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

Key Insights

Strengths

2
  • Company is almost debt free.
  • Stock is trading at 0.67 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.

Growth Rate

Revenue Growth
12.05% higher than 3Y
Net Income Growth
-5.08% lower than 3Y
Cash Flow Change
-14.28% higher than 3Y
ROE
-13.33% lower than 3Y
ROCE
-11.46% higher than 3Y
EBITDA Margin (Avg.)
-10.46% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 44d ago
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

Anthropic anthropic claude-opus-4.6 101d ago
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.

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.

Quarterly Results

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 in Rs
264
284
2,622
276
220
113
118
198
219
192
135
178
164
Figures in ₹ Crores

Profit & Loss

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 in Rs
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%
—
Figures in ₹ Crores

Balance Sheet

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
Figures in ₹ Crores

Cash Flow

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
Figures in ₹ Crores

Ratios

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

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Shareholding Pattern

DIIs0.01%Promot.72.87%FIIs4.41%Others11.21%Public11.50%As ofJun 2026

Documents

Frequently Asked Questions about Bengal & Assam

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. [1]
Where is Bengal & Assam Company Ltd (533095) 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 market capitalisation of Bengal & Assam Company Ltd?
Bengal & Assam Company Ltd has a market capitalisation of ₹7,066 Cr, which places it in the Mid Cap band.
What is the PE ratio of Bengal & Assam Company Ltd?
Bengal & Assam Company Ltd trades at a PE ratio of 9.37, 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 ₹5,845.85 and ₹7,268.
Does Bengal & Assam Company Ltd pay dividends?
Bengal & Assam Company Ltd has a dividend yield of 0.81%.
What is the Return on Equity (ROE) of Bengal & Assam Company Ltd?
Bengal & Assam Company Ltd reported a return on equity of 2.60%. 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. [1]

Website bengalassam.com
Listed 2009-08-17
Face Value ₹ 10

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