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Bengal Tea & Fabrics Ltd (532230)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532230 NSE: Tea/Coffee | Small Cap | Bengal Tea & Fabrics Share Price

₹138.30 -3.70 (-2.61%)

As on 02-Jul'26 16:59

Bengal Tea & Fabrics Ltd (532230)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532230 NSE: Tea/Coffee | Small Cap | Bengal Tea & Fabrics Share Price

₹138.30 -3.70 (-2.61%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹125 Cr.
Current Price
₹138.3
52-Week Low / High
₹127 / 169
TTM EPS
₹5
TTM Sales
₹52.5 Cr.
Book Value per Share
₹217.2
P/E Ratio
27.74
Higher than its 5-year historical median
Industry PE
62.7
Price to Book (P/B)
0.64
In line with its 5-year historical median
Price to Sales (P/S)
2.37
Higher than its 5-year historical median
EV/EBITDA
10.91
Higher than its 5-year historical median
Dividend Yield
1.08%
Profitability Efficiency
Return on Equity (ROE)
-1.11%
Underperforms industry median
Return on Capital Employed (ROCE)
5.42%
Underperforms industry median
Return on Assets (ROA)
-0.80%
Operating Profit Margin
-0.5%
Net Profit Margin
-3.1%
Gross Profit Margin
18.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-4.26%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
74.89%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹187 Cr.
Equity
₹9 Cr.
Face Value
₹10
All Time Low / High
₹0.92 / 226.85

Bengal Tea & Fabrics stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Bengal Tea & Fabrics Ltd a good quality company?
Bengal Tea & Fabrics Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Bengal Tea & Fabrics Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Bengal Tea & Fabrics Ltd vs industry peers?
Bengal Tea & Fabrics Ltd revenue CAGR is -13.45%, compared to the industry median CAGR of 3.64%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Bengal Tea & Fabrics Ltd?
Promoters hold 74.89% of the Bengal Tea & Fabrics Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Bengal Tea & Fabrics Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 12.5% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bengal Tea & Fabrics Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 6.8%-0.9%5.2%1.1%0.4%7.8%34.1%0.9%2.4%5.4%-
Value Creation
Index
-0.5-1.1-0.6-0.9-1.0-0.41.4-0.9-0.8-0.6-

Growth Parameters

Sales 22321412211111149.255.149.556.153.753
Sales YoY Gr.--4.1%-43.1%-9.1%0%-55.6%12.1%-10.2%13.3%-4.3%-
Adj EPS 1.3-6.96.2-1.3-1.79.220.8-2.2-3.4-2.35
YoY Gr.--617.3%NA-121.3%NANA127.2%-110.6%NANA-
BVPS (₹) 71.9112.6107.5106.4104.3107.6127.7125.8121.7212.6217.2
Adj Net
Profit
1.2-6.25.5-1.2-1.58.318.8-2-3.1-24
Cash Flow from Ops. 18.818.693.34.566.66.179.421.7-
Debt/CF from Ops. 2.92.82.97.14.73.30.11.10.10.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -14.6%-13.5%-0.9%-4.3%
Adj EPS -206.1%NA-147.7%NA
BVPS12.8%15.3%18.5%74.7%
Share Price 8.5% 22.6% 21% -5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1-5.95.6-1.2-1.68.617.7-1.8-2.8-1.42.3
Op. Profit
Mgn %
8.34.19.53.43.520.618-0.4-5.6-0.54.1
Net Profit
Mgn %
0.5-2.94.6-1.1-1.316.834-4-5.5-3.88.6
Debt to
Equity
0.90.50.30.20.20.200.10.100
Working Cap
Days
1241201621601764032772071251211,076
Cash Conv.
Cycle
62601021111072111721567220974

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2232141221111114955505654
Operating Expenses + 2042051101071073945505954
Manufacturing Costs492930292966768
Material Costs1091154846411214162515
Employee Cost 33312424261719202224
Other Costs 1330981046757
Operating Profit 19912441010-0-3-0
Operating Profit Margin (%) 8.7%4.1%9.5%3.4%3.5%20.6%18.0%-0.4%-5.6%-0.5%
Other Income + 22121113811
Exceptional Items -00000030000
Interest 6633210000
Depreciation 121265522222
Profit Before Tax 2-74-1-2939128
Tax 1-1-2-1-10-12510
Profit After Tax 2-66-0-1840-1-3-2
PAT Margin (%) 0.8%-2.7%4.9%-0.3%-1.2%16.9%72.5%-2.4%-4.6%-3.1%
Adjusted EPS (₹)2.1-6.56.6-0.4-1.59.244.4-1.3-2.9-1.9
Dividend Payout Ratio (%)24.10%0%0%0%0%10.80%2.30%-74.50%-34.70%-81.20%

Valuation of Bengal Tea & Fabrics - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 10810197969497115113110192
Share Capital 9999999999
Reserves 999288878588106104101183
Debt +4744242021190765
Long Term Debt271882030022
Short Term Debt2025161921160743
Minority Interest0000000000
Trade Payables171371014132222
Others Liabilities 221753-100-27226
Total Liabilities 194175132129128129117120189225

Fixed Assets

Net Fixed Assets +109987068676447485355
Gross Block1941098789928855586468
Accumulated Depreciation8512162125248101113
CWIP 0111221211
Investments 71078291041121145
Inventories454035353936252154
Trade Receivables109798100010
Cash Equivalents 13112114221
Others Assets 221411898205719
Total Assets 194175132129128129117120189225

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 19199356767922
PBT 2-7-7-1-241822108
Adjustment 171611662-15-3-4-6
Changes in Working Capital -096-21151084-65
Tax Paid -10-0-0-0-0-1-2-2-15
Cash Flow From Investing Activity + -3-32011-328-24-79-20
Capex -1-1161-54285-5-5
Net Investments -2-2306-7-0-30-76-19
Others 0000001124
Cash Flow From Financing Activity + -16-14-30-5-5-4-215-2-2
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -8-9-16-6-53-102-0
Interest Paid -6-5-4-3-2-2-2-0-0-0
Dividend Paid -0-00000-1-1-1-1
Others -21-1032-5-186-3-1
Net Cash Flow -12-1-01-114-13-1-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.92-6.995.95-0.34-1.418.7137.72-1.06-2.33-1.11
ROCE (%)6.82-0.885.161.080.387.8334.050.862.425.42
Asset Turnover Ratio1.041.160.80.850.860.380.450.420.360.26
PAT to CFO Conversion(x)9.5N/A1.5N/AN/A0.750.18N/AN/AN/A
Working Capital Days
Receivable Days16.7015.9023.3025.9027.7064.1032.201.603.803
Inventory Days72.3072.90111.80114.30121276.40202.70170.1084.6030.70
Payable Days51.2048.2076.3066.70105.40407.60192.6040.7025.9046.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Bengal Tea & Fabrics Ltd FAQs

The current trading price of Bengal Tea & Fabrics on 02-Jul-2026 16:59 is ₹138.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Bengal Tea & Fabrics stood at ₹124.5 Cr

The latest P/E ratio of Bengal Tea & Fabrics as of 01-Jul-2026 is 27.74.

The latest P/B ratio of Bengal Tea & Fabrics as of 01-Jul-2026 is 0.64.

The 52-week high of Bengal Tea & Fabrics is ₹169.0 and the 52-week low is ₹126.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bengal Tea & Fabrics is ₹52.53 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bengal Tea & Fabrics Ltd is a average quality company.

The key valuation ratios of Bengal Tea & Fabrics Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bengal Tea & Fabrics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Bengal Tea & Fabrics Ltd

Bengal Tea & Fabrics, belonging to the B D Kanoria Group was incorporated in the year 1983. The company took over the Bengal Tea & Industries, earlier known as Bengal Tea Company, in the year 1985.

Bengal Tea Company was incorporated in the year 1950 by the Kanorias and took over the undertakings of The Ananda Assam Tea Company and Asarwa Mills in the year 1970 and 1976, respectively.

Currently the company has interest in the business of Tea and Textiles, with a turnover of about Rs 126.8 crore.

The tea estates of the company are situated in Upper Assam and produces about1.7 million kilograms of quality black tea.

Asarwa Mills, a composite textile mill, is situated in the heart of Ahmedabad in the state of Gujarat and has an installed capacity of 47,616 spindles and 72 looms. It was set-up in the year 1900 and is one of the oldest mills in India. The present management has modernized the mill in a phased manner to transform the same in a state-of-art, tech-savvy mill. The revenue from export of yarn is about Rs 0.372 crore.

Product Variety:

The Company has interest in the business of tea and textiles.

Tea -

Bengal Tea owns following three tea estates with an annual production of about 1.7 million kilo grams of tea, having a planted area of 623 hectares, situated in North Lakhimpur in Upper Assam.

  • Ananda Tea Estate
  • Pathalipam Tea Estate
  • Bordeobam Tea Estate

The Company processes the green tea leaves at its own factory situated at Ananda Tea Estate. It also processes green tea leaves purchased from small growers.

Products:

Black Tea - CTC - Leaf and Dust and tea seed.

Textile -

The company owns a composite textile mill, namely Asarwa Mills, with an installed capacity of 47,616 spindles and 94 looms, situated in Ahmedabad in the state of Gujarat.

Products:

  • Cotton Yarn
  • Manmade Fiber Yarn
  • Blended Yarn
  • Fabrics - Cloth

Latest Development:

The board of directors of Bengal Tea & Fabrics has recommended a dividend of 5%, at Re 0.50 per equity share of Rs 10 each, subject to shareholders approval.

Outlook:

Due to improvement of demand of quality and the company’s thrust on producing the same, the tea division is expected to maintain profitability.

The outlook of the textile industry appears to be brighter as the farmers continue to cover more area for sowing of BT cottonseeds resulting in higher yields. The company has undertaken the second phase of modernization cum expansion plan and is visualizing a big opportunity in the country having a population of over 1.1 billion with the improving standard of living and changing lifestyle.

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