BCL Industries Ltd
NSE:BCLIND
BCL Industries Ltd
BCL Industries Ltd. is a holding company, which engages in the provision of edible oil business. Its segments include Oil & Vanaspati, Distillery and Real Estate. The Company’s Refining segment includes production and marketing operations of the Oil and Vanaspati Ghee. The Distillery segment includes production and marketing operations of the liquor for human consumption. The Real Estate segment includes the construction of a residential house. The Company’s product basket includes Vanaspati Ghee, Refined Oil, Expelling Oil from seeds, Solvent Extraction of Oils from seeds, De-oiled cakes, Basmati and Para-boiled rice. The firm offers its products under the brand Home Cook, Murli, White Gold, Royal Patiala Whisky, Old Professor Whisky, Ceros Rum, Rangers Barrel, Bang Bang and On The Rocks. The Company’s subsidiary includes Svaksha Distillery Limited.
BCL Industries Ltd. is a holding company, which engages in the provision of edible oil business. Its segments include Oil & Vanaspati, Distillery and Real Estate. The Company’s Refining segment includes production and marketing operations of the Oil and Vanaspati Ghee. The Distillery segment includes production and marketing operations of the liquor for human consumption. The Real Estate segment includes the construction of a residential house. The Company’s product basket includes Vanaspati Ghee, Refined Oil, Expelling Oil from seeds, Solvent Extraction of Oils from seeds, De-oiled cakes, Basmati and Para-boiled rice. The firm offers its products under the brand Home Cook, Murli, White Gold, Royal Patiala Whisky, Old Professor Whisky, Ceros Rum, Rangers Barrel, Bang Bang and On The Rocks. The Company’s subsidiary includes Svaksha Distillery Limited.
Revenue Growth: BCL Industries reported consolidated revenue of INR 1,544 crores for H1 FY'26, up 10% year-on-year.
Profitability: EBITDA increased to INR 125 crores (up 11% YoY) and profit after tax rose to INR 65 crores (up 20% YoY). Margins remained steady at 8.1%.
Distillery Focus: The company is prioritizing its distillery business, especially ENA and IMIL/IMFL segments, in response to lower-than-expected ethanol allocations from oil marketing companies.
Ethanol Allocation Challenge: Ethanol supply contracts were lower than expected, prompting a shift to maximize ENA and IMIL sales. Management expects margin pressure due to increased ENA competition.
Capacity Expansion: The 150 KLPD ethanol expansion at Bhatinda is on track for completion in Q4 FY'26, while the Goyal Distillery project is on hold due to market conditions.
Edible Oil Exit: BCL has exited the edible oil segment, with remaining inventory to be liquidated by year-end. The maize oil extraction units are performing well.
Debt and Capex: Long-term debt stands at about INR 220 crores for BCL and INR 90 crores for Svaksha; new capex is limited to maize oil extraction and the 150 KLPD ethanol unit.
Margin Outlook: Management warned of potential margin pressure in coming quarters due to oversupply and competitive pricing in the ENA market.
