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.
Strong Growth: BCL Industries reported robust Q3 results with revenue of INR 758 crores and EBITDA up 41% year-on-year to INR 68 crores, as well as a PAT increase of 69% to INR 35 crores.
Volume Momentum: ENA volumes surged 60% YoY in Q3 (15,330 KL), and ethanol volumes reached 47,420 KL. Company operated at near 100% capacity utilization.
Margin Expansion: EBITDA margin improved by 270 basis points to 9%, mainly driven by lower raw material and energy costs.
Strategic Acquisition: The company will acquire the remaining 25% stake in Svaksha Distillery by June 2026 for INR 55 crores, making it a wholly owned subsidiary.
Edible Oil Exit: BCL completed exit from packaged oil business and will report oil trading separately for more transparency.
Capacity Expansion: Ongoing projects will raise total distillery capacity to 900 KLPD by end of FY '26. Maize oil extraction unit set to be commissioned in Q4 FY '26.
Challenging Market: Ethanol allocations remain below expectations due to policy uncertainty, forcing a shift towards ENA sales at lower margins and competitive pricing.
Balance Sheet: Consolidated debt stands at INR 494 crores, with strong interest coverage and expectation for further reduction in coming quarters.
