B & A Ltd
NSE: BNALTD BSE: 508136
B&A Ltd was descended from Barasali Tea Company Ltd, which was founded in 1915.[1]Company is involved in cultivation & manufacturing of 'Black Tea'[2] and manufacturing of wide ranges of paper sacks. Recently the company has also ventured into flexible laminate business.[3]
₹360
52W: ₹324 — ₹558
PE 167 · Book ₹337 · +7% vs bookMarket Cap₹112 Cr
Stock P/E167Price to Earnings
ROCE4.5%Return on Capital
ROE2.36%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Stock is trading at 1.07 times its book value
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Company has low interest coverage ratio.
- −The company has delivered a poor sales growth of 0.32% over past five years.
- −Company has a low return on equity of 1.32% over last 3 years.
- −Earnings include an other income of Rs.15.2 Cr.
Shareholding Pattern
Promoters59.47%
FIIs0%
DIIs0.01%
Public40.52%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 59.15% | 59.15% | 59.15% | 59.15% | 59.46%▲0.3 | 59.46% | 59.47%▲0.0 | 59.47% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 40.85% | 40.84%▼0.0 | 40.83%▼0.0 | 40.83% | 40.52%▼0.3 | 40.53%▲0.0 | 40.53% | 40.52%▼0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 66.31 | 63 | 9.23 | 16.17 | 61.62 | 41.96 | 14.56 | 21.01 | 62.28 | 47.83 |
| Expenses | 48.43 | 54.34 | 27.44 | 22.49 | 36.35 | 43.56 | 37.21 | 23.45 | 37.36 | 52.33 |
| Operating Profit | 17.88 | 8.66 | -18.21 | -6.32 | 25.27 | -1.6 | -22.65 | -2.44 | 24.92 | -4.5 |
| OPM % | 26.96% | 13.75% | -197.29% | -39.08% | 41.01% | -3.81% | -155.56% | -11.61% | 40.01% | -9.41% |
| Net Profit | 22.8 | 7.88 | -18.75 | -6.77 | 23.98 | -3.65 | -12.08 | -3.95 | 23.37 | -6.67 |
| EPS ₹ | 73.55 | 25.42 | -60.48 | -21.84 | 77.35 | -11.77 | -38.97 | -12.74 | 75.39 | -21.52 |
AI Insights
Revenue Trend
TTM revenue at ₹146Cr, up 9% YoY. OPM at -3%.
Debt Position
Borrowings at ₹80Cr. Debt-to-equity ratio: 0.79x. Moderate leverage.
Capex Cycle
CWIP at ₹9Cr (10% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 0.01% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 59.47%.
Margin & Efficiency
ROCE declining from 19% (Mar 2014) to 4% (Mar 2025). Working capital days: -84.
Valuation
PE 167x with 4.5% ROCE. Price is 7% above book value of ₹337. Dividend yield: 0%.
Recent Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - Compliance Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 9 Apr - B&A Ltd confirms it is not a large corporate under SEBI debt issuance norms as of 31 March 2026.
- Submission Of Annual Disclosure Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011. 2 Apr - Promoters disclosed no share encumbrance created or invoked during FY ended 31 March 2026.
- Closure of Trading Window 30 Mar
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 26 Mar - EGM approved reappointment of Mr. Somnath Chatterjee as MD from 1 Apr 2026 to 31 Mar 2029; passed 75.95%.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse