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The Bombay Burmah Trading Corporation Ltd

NSE: BBTC BSE: 501425

Founded in the year 1863, Bombay Burmah Trading Corporation Limited (BBTCL) is a flagship Company of Wadia Group. Originally BBTCL was formed as a public company to carry out Teak business of William Wallace and was catering to domestic demands. Later in 1913 BBTCL turned to tea plantations by investing in Tea estates in South India.

1,492
52W: ₹1301 — ₹2156
PE 139 · Book ₹40.6 · +3575% vs book
Market Cap₹10,406 Cr
Stock P/E139Price to Earnings
ROCE19.8%Return on Capital
ROE31.6%Return on Equity
Div. Yield1.15%Face Value ₹2

Strengths

  • +Company has reduced debt.
  • +Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%

Weaknesses

  • Stock is trading at 36.8 times its book value
  • The company has delivered a poor sales growth of 7.33% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.268 Cr.

Shareholding Pattern

Promoters74.04%
FIIs9.48%
DIIs1.46%
Public15.01%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.05%74.05%74.05%74.05%74.05%74.05%74.04%0.074.04%
FIIs8.86%9.48%0.69.64%0.29.6%0.09.33%0.39.3%0.09.42%0.19.48%0.1
DIIs1.45%1.5%0.11.48%0.01.47%0.01.43%0.01.43%1.42%0.01.46%0.0
Public15.64%14.97%0.714.84%0.114.88%0.015.19%0.315.22%0.015.12%0.115.01%0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales60716673746372807372
Expenses78837385827675888473
Operating Profit-18-11-7-12-8-13-3-8-11-2
OPM %-31%-16%-11%-16%-11%-21%-4%-10%-14%-2%
Net Profit-31668-13962733-710382
EPS ₹-4.519.421.21-1.8213.773.944.77-1.0614.6911.79

AI Insights

Revenue Trend

Mar 2026 revenue at ₹296Cr, up 7.6% YoY. OPM at -8%.

Debt Position

Borrowings at ₹208Cr. Debt-to-equity ratio: 0.77x. Moderate leverage.

Capex Cycle

CWIP at ₹3Cr (5% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 1.46% (+0.27pp change). FIIs: 9.48% (+1.24pp change). Promoters hold 74.04%.

Margin & Efficiency

ROCE improving from 7% (Mar 2015) to 20% (Mar 2026). Working capital days: -202.

Valuation

PE 139x with 19.8% ROCE. Price is 3575% above book value of ₹40.6. Dividend yield: 1.15%.

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