A leading agro-processing manufacturing company, this organization operates two distilleries with a combined capacity of 700 kLPD. It is expanding with a new 150 kLPD ethanol unit in Bathinda and a 75 kLPD biodiesel plant in progress. The company is focusing on increasing revenue guidance to Rs. 1,800 crores for its distillery segment.
Stock Price Movement:
In Monday’s trading session, BCL Industries Limited’s share jumped by 0.35 percent from the previous close of Rs. 51.89. The stock opened at Rs. 52.21 and is currently trading at Rs. 52.07, with a high of Rs. 53.01 and a low of Rs. 51.46. The market capitalization now stands at approximately Rs. 1,536.92 crore.
Company Overview:
BCL Industries Limited was founded in 1976 and is a leading agro-processing manufacturing company in India. The company specializes in edible oils, rice milling, grain-based distillation, and real estate.
The company operates with two distilleries at a combined capacity of 700 kLPD and is headquartered in Punjab, India. The company has grown from a small oil mill to a major vertically integrated player in the agro-based sector.
Expansion Plans:
BCL Industries Limited plans to set up a biogas plant with a capacity of 20 metric tons per day (approx. 7,300 MTPA), utilizing paddy straw. The company’s new 150 kLPD ethanol unit is expected in Bathinda, increasing the total capacity to 850 kLPD.
Additionally, the company is establishing a 75 kLPD biodiesel plant under construction in Bathinda, with completion anticipated by April-May 2025.
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Future Outlooks:
BCL Industries Limited maintains revenue guidance of Rs. 1,800 crores for the distillery segment. The company is optimistic about the biodiesel sector, highlighting a 5% blending mandate with current blending rates below 1%.
Recent Developments:
BCL Industries Limited has successfully added a 100 kLPD capacity at the Svaksha Distillery, achieving full utilization.
The company also acquired Goyal Distillery Private Limited in Fatehabad, Haryana, to establish a new 250 kLPD grain-based ethanol unit. Goyal Distillery is now a wholly-owned subsidiary, enabling quicker commissioning due to existing land and permissions.
Operational Insights:
BCL Industries Limited’s ethanol segment volumes grew by 73% to 50,914 KL, with revenue from the ethanol segment reaching Rs. 362 crores, a 95% increase year-on-year.
In the distillery segment, the EBITDA rose to Rs. 52 crores, up by 16% from the previous year. The company has maintained stable performance in the edible oil segment despite market volatility, planning a phased exit from this business.
Shareholding Pattern:
In September 2024, BCL Industries Limited had a majority stake held by the promoters at 57.77 percent, foreign institutional investors at 1.84 percent, and the public at 40.39 percent.
Recent quarter results and ratios:
BCL Industries Limited’s revenue has increased from Rs. 481 crore in Q2 FY24 to Rs. 721 crore in Q2 FY25, which has grown by 49.9 percent. The net profit of BCL Industries Limited has also grown by 50 percent, from Rs. 20 crore in Q2 FY24 to Rs. 30 crore in Q2 FY25.
BCL Industries Limited’s revenue and net profit have grown at a CAGR of 19.06 percent and 18.55 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE should be 15.7 percent and 16 percent, respectively. The debt-to-equity ratio of the company is to be 0.50x. BCL Industries Limited’s EPS is to be Rs. 3.69
Written By – Nikhil Naik
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