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Swing Capital

Orissa Bengal Carrier Ltd

NSE: OBCL BSE: 541206Logistics

Incorporated in 1994, Odisha-Bengal Carrier Ltd is engaged in Transportation & Logistics business[1]

₹54
52W: ₹44 — ₹64.8
PE 0 · Book ₹41.9 · +29% vs book
Market Cap₹114 Cr
Stock P/E—Price to Earnings
ROCE4.14%Return on Capital
ROE0.92%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Promoter holding has increased by 2.14% over last quarter.
  • +Company's working capital requirements have reduced from 59.6 days to 46.5 days

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 -4.75% over past five years.
  • −Company has a low return on equity of 2.60% over last 3 years.
  • −Contingent liabilities of Rs.132 Cr.
  • −Earnings include an other income of Rs.1.51 Cr.

Shareholding Pattern

Promoters71.93%
FIIs0%
DIIs0%
Public28.07%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters67.23%67.23%67.23%67.23%68.69%▲1.569.24%▲0.569.8%▲0.671.93%▲2.1
FIIs0.02%0.07%▲0.10%▼0.10%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%
Public32.76%32.71%▼0.032.77%▲0.132.78%▲0.031.3%▼1.530.76%▼0.530.19%▼0.628.07%▼2.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales90.4192.371.6875.4373.977.1978.3772.2672.3771.54
Expenses87.3689.3273.8873.0771.4273.5676.9470.5172.370.91
Operating Profit3.052.98-2.22.362.483.631.431.750.070.63
OPM %3.37%3.23%-3.07%3.13%3.36%4.7%1.82%2.42%0.1%0.88%
Net Profit2.261.6-1.921.021.130.07-1.140.18-2.35-1.94
EPS ₹1.070.76-0.910.480.540.03-0.540.09-1.11-0.92

AI Insights

Revenue Trend

TTM revenue at ₹295Cr, down 3.3% YoY. OPM at 1%.

Debt Position

Borrowings at ₹54Cr. Debt-to-equity ratio: 0.81x. Moderate leverage.

Capex Cycle

CWIP at ₹2Cr (6% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 71.93%.

Margin & Efficiency

ROCE declining from 6% (Mar 2013) to 4% (Mar 2025). Working capital days: 46.

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