The Bombay Burmah Trading Corporation Ltd
BBTC NSE
The Bombay Burmah Trading Corporation Ltd
Fast Moving Consumer GoodsNSE: BBTC BSE: 501425 Food Products
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. Currently BBTCL has its presence in diversified business of Tea, Coffee, other plantation products, Biscuits, Dairy products, Auto electric and White goods, weighing products, horticulture, Healthcare products, Dental, orthopedic and ophthalmic products. [1]
AI Verdict: HOLD Confidence: 5%
BBTC trades at an attractive PE of 4.4x with strong profit CAGR of 31% over 3 years, but tepid sales growth of just 7-8% and a negative 5-year ROE trend raise concerns about sustainability. The stock's 16% decline over the past year suggests the market is already pricing in headwinds.
Key Fundamentals
MicrocapPackaged FoodsFood ProductsMarket Cap
₹10,933 Cr
Volatility
Moderate
P/E Ratio
8.74
EBITDA
₹3,134 Cr
Return on Equity
26.15%
Debt to Equity
0.36
Book Value
₹1,009.29
EPS
₹165.89
52W High
₹2,135
52W Low
₹1,314.6
Technical Indicators
Key Insights
Strengths
1- Company has delivered good profit growth of 26.8% CAGR over last 5 years
Weaknesses
1- The company has delivered a poor sales growth of 7.84% over past five years.
Growth Rate
Revenue Growth
3.63% ↗
Net Income Growth
13.33% ↘
Cash Flow Change
17.68% ↗
ROE
9.88% ↘
ROCE
-0.32% ↗
EBITDA Margin (Avg.)
-13.03% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 1d agoHOLD
Risk high
BBTC trades at an attractive PE of 4.4x with strong profit CAGR of 31% over 3 years, but tepid sales growth of just 7-8% and a negative 5-year ROE trend raise concerns about sustainability. The stock's 16% decline over the past year suggests the market is already pricing in headwinds.
Bull Case 8
- Extremely low PE ratio of 4.4x suggests deep value relative to FMCG sector median of 40-50x
- Compounded profit growth of 31% CAGR over 3 years demonstrates strong earnings momentum
- 5-year compounded profit growth of 27% CAGR significantly outpaces revenue growth, indicating margin expansion
- Last year ROE of 19% is healthy and shows efficient capital utilization in the most recent period
- 10-year stock CAGR of 15% shows long-term wealth creation track record
- Price-to-book of 1.57x is reasonable for a company with diversified plantation and FMCG interests
- Dividend yield of 1.07% provides modest income support while waiting for re-rating
- Market cap of Rs 11,252 Cr provides reasonable liquidity and institutional eligibility
Bear Case 8
- Poor sales growth of just 7.84% over 5 years indicates weak topline traction in a sector where revenue growth drives re-rating
- 5-year ROE of negative 5% signals prolonged period of capital destruction before recent recovery
- Stock has declined 16% over the past 1 year, indicating negative price momentum and market skepticism
- Zero analyst coverage with no buy, hold, or sell ratings suggests institutional neglect and limited price discovery support
- 10-year ROE of just 2% indicates structurally low long-term returns on equity despite recent improvement
- TTM sales growth of only 7% shows no acceleration in revenue despite broader FMCG sector recovery
- 5-year stock CAGR of just 4% lags broader market indices like Nifty50 which delivered approximately 15% CAGR over the same period
- Absence of reported debt-to-equity and EPS data limits visibility into balance sheet health and per-share earnings quality
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 1d ago Neutral 2
- Unpaid dividend transfer to IEPF Jun 2
Bombay Burmah will transfer unpaid dividends for FY 2018-19 and corresponding shares to IEPF on September 18, 2026. Shareholders must claim dues by September 4.
- No promoter share encumbrance in FY26 May 28
Promoters confirm no shares were encumbered during FY26, disclosed under Regulation 31(4) of SAST Regulations.
TL;DR: BBTC has had a quiet news cycle with only routine regulatory disclosures. The absence of promoter share encumbrance is a mild governance positive, while the IEPF transfer is standard compliance. No material headwinds or catalysts are visible in recent coverage, leaving the near-term outlook driven by broader sector and subsidiary performance.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,108 | 4,087 | 4,524 | 4,337 | 4,162 | 4,333 | 4,761 | 4,685 | 4,519 | 4,712 | 4,943 | 5,066 | 4,818 |
| Expenses | 3,431 | 3,748 | 3,737 | 3,538 | 3,399 | 3,598 | 4,037 | 3,811 | 3,717 | 3,988 | 4,007 | 4,123 | 3,991 |
| Operating Profit | 678 | 339 | 787 | 799 | 763 | 736 | 724 | 873 | 802 | 724 | 936 | 943 | 827 |
| OPM % | 16% | 8% | 17% | 18% | 18% | 17% | 15% | 19% | 18% | 15% | 19% | 19% | 17% |
| Other Income | -1,532 | 97 | 66 | 269 | 105 | 29 | 187 | 81 | 109 | 74 | 85 | 78 | 174 |
| Interest | 113 | 127 | 155 | 53 | 29 | 31 | 37 | 51 | 39 | 34 | 41 | 39 | 24 |
| Depreciation | 69 | 74 | 75 | 81 | 84 | 77 | 80 | 86 | 84 | 86 | 89 | 88 | 89 |
| PBT | -1,037 | 235 | 624 | 934 | 756 | 656 | 794 | 818 | 788 | 678 | 891 | 893 | 889 |
| Tax % | 29% | 71% | 34% | 22% | 27% | 28% | 35% | 23% | 26% | 27% | 36% | 27% | 12% |
| Net Profit | -1,334 | 68 | 412 | 731 | 549 | 472 | 516 | 627 | 585 | 498 | 566 | 655 | 781 |
| EPS in Rs | -231 | -22.38 | 17.49 | 65.46 | 40.73 | 31.86 | 36.22 | 48.58 | 44.24 | 34.5 | 34.64 | 45.34 | 63.63 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,197 | 8,762 | 9,434 | 10,238 | 11,423 | 11,889 | 13,396 | 14,544 | 16,623 | 17,109 | 18,298 | 19,539 |
| Expenses | 7,335 | 7,558 | 8,164 | 8,919 | 9,741 | 10,138 | 11,247 | 12,939 | 14,897 | 14,242 | 15,162 | 16,107 |
| Operating Profit | 861 | 1,204 | 1,270 | 1,319 | 1,683 | 1,751 | 2,150 | 1,605 | 1,726 | 2,867 | 3,136 | 3,432 |
| OPM % | 11% | 14% | 13% | 13% | 15% | 15% | 16% | 11% | 10% | 17% | 17% | 18% |
| Other Income | 295 | 161 | 186 | 201 | 391 | 440 | 338 | 376 | -781 | 290 | 406 | 409 |
| Interest | 41 | 44 | 43 | 55 | 60 | 124 | 151 | 252 | 425 | 364 | 159 | 138 |
| Depreciation | 155 | 126 | 131 | 153 | 172 | 200 | 213 | 215 | 239 | 313 | 326 | 352 |
| PBT | 961 | 1,195 | 1,282 | 1,312 | 1,841 | 1,868 | 2,124 | 1,514 | 281 | 2,479 | 3,057 | 3,351 |
| Tax % | 28% | 34% | 33% | 41% | 35% | 31% | 40% | 47% | 290% | 32% | 28% | 25% |
| Net Profit | 696 | 792 | 858 | 773 | 1,189 | 1,280 | 1,278 | 809 | -534 | 1,689 | 2,199 | 2,499 |
| EPS in Rs | 51.15 | 55.36 | 60.45 | 39.76 | 89 | 85.75 | 52.96 | 9.09 | -240 | 91.24 | 161 | 178 |
| Div. Payout % | 2% | 2% | 2% | 3% | 1% | 1% | 2% | 13% | 0% | 1% | 11% | 10% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 1,552 | 1,899 | 3,664 | 3,950 | 4,403 | 5,080 | 5,462 | 5,483 | 4,018 | 4,614 | 5,618 | 7,028 |
| Borrowings | 883 | 793 | 1,014 | 1,024 | 956 | 2,045 | 2,670 | 5,880 | 6,542 | 2,161 | 1,574 | 1,590 |
| Other Liabilities | 2,043 | 2,442 | 2,699 | 3,344 | 4,054 | 4,190 | 4,271 | 3,874 | 5,103 | 5,121 | 5,515 | 5,906 |
| Total Liabilities | 4,493 | 5,148 | 7,391 | 8,332 | 9,427 | 11,329 | 12,418 | 15,251 | 15,677 | 11,911 | 12,721 | 14,539 |
| Fixed Assets | 1,878 | 1,989 | 2,217 | 2,373 | 2,717 | 2,889 | 2,802 | 2,763 | 3,638 | 3,751 | 3,880 | 3,814 |
| CWIP | 49 | 91 | 33 | 207 | 108 | 51 | 131 | 561 | 108 | 189 | 90 | 42 |
| Investments | 779 | 1,071 | 2,365 | 2,832 | 3,221 | 4,998 | 4,638 | 3,818 | 4,795 | 4,281 | 5,332 | 6,751 |
| Other Assets | 1,786 | 1,997 | 2,776 | 2,920 | 3,381 | 3,391 | 4,847 | 8,109 | 7,136 | 3,690 | 3,419 | 3,931 |
| Total Assets | 4,493 | 5,148 | 7,391 | 8,332 | 9,427 | 11,329 | 12,418 | 15,251 | 15,677 | 11,911 | 12,721 | 14,539 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 656 | 786 | 411 | 1,213 | 1,104 | 1,409 | 1,692 | 1,447 | 2,475 | 1,935 | 2,278 | 2,418 |
| Investing | -435 | -667 | -357 | -967 | -772 | -1,643 | -393 | -2,993 | -1,819 | 3,912 | -905 | -1,187 |
| Financing | -59 | -304 | -26 | -221 | -368 | 267 | -866 | 1,494 | -705 | -5,648 | -1,844 | -1,132 |
| Net Cash Flow | 162 | -185 | 27 | 26 | -35 | 33 | 433 | -52 | -50 | 199 | -472 | 99 |
| Free Cash Flow | 694 | 503 | 64 | 796 | 694 | 1,152 | 1,441 | 886 | 1,884 | 1,678 | 2,017 | 2,286 |
| CFO/OP | 112 | 99 | 64 | 130 | 101 | 110 | 115 | 135 | 190 | 97 | 98 | 98 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 9 | 10 | 9 | 13 | 15 | 11 | 9 | 10 | 9 | 10 | 10 | 10 |
| Inventory Days | 39 | 39 | 47 | 43 | 48 | 43 | 56 | 59 | 47 | 47 | 44 | 45 |
| Days Payable | 56 | 58 | 50 | 60 | 64 | 56 | 64 | 54 | 55 | 63 | 61 | 63 |
| Cash Conversion Cycle | -8 | -9 | 5 | -4 | -1 | -1 | 1 | 14 | 1 | -6 | -6 | -7 |
| Working Capital Days | -19 | -13 | 21 | 14 | 21 | -11 | -24 | -39 | -56 | -35 | -27 | 0 |
| ROCE % | 28% | 36% | 27% | 21% | 27% | 24% | 24% | 16% | 16% | 28% | 36% | 33% |
Documents
1
Board Meeting Intimation for Consideration And Approval Of Audited Financial Results (Standalone And Consolidated) Of The Corporation For The Year Ended 31St March 2026 And Recommendation Of Final Dividend, If Any, For The Financial Year Ended 31St March 2026.
7 May - Board meeting on 13 May 2026 to approve audited FY26 results and consider final dividend. 7 May - Board meeting on 13 May 2026 to approve audited FY26 results and consider final dividend.
2
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. 7 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.
3
Announcement under Regulation 30 (LODR)-Change in Management
31 Mar - COO Rajiv Arora resigned effective close of business 31 March 2026, citing personal and family reasons. 31 Mar - COO Rajiv Arora resigned effective close of business 31 March 2026, citing personal and family reasons.
5
Intimation Under Regulation 30 - Execution Of Asset Purchase Agreement For Sale Of Tea Plantations (Dunsandle Estate)
27 Mar - Sold Dunsandle Estate (Nilgiris) on 27-Mar-2026 for Rs.120 crore; Rs.110 crore received. 27 Mar - Sold Dunsandle Estate (Nilgiris) on 27-Mar-2026 for Rs.120 crore; Rs.110 crore received.
Frequently Asked Questions about The Bombay Burmah Trading Corporation Ltd
What does The Bombay Burmah Trading Corporation Ltd do?
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 i...
Where is The Bombay Burmah Trading Corporation Ltd (BBTC) listed?
The Bombay Burmah Trading Corporation Ltd is listed on the Indian stock exchanges. It is listed on NSE: BBTC and BSE: 501425. You can view its live share price, financials, and ratios on Tapetide.
Which sector does The Bombay Burmah Trading Corporation Ltd belong to?
The Bombay Burmah Trading Corporation Ltd operates in the Fast Moving Consumer Goods sector within the Food Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of The Bombay Burmah Trading Corporation Ltd?
The Bombay Burmah Trading Corporation Ltd has a market capitalisation of approximately ₹10932.56 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of The Bombay Burmah Trading Corporation Ltd?
The Price-to-Earnings (PE) ratio of The Bombay Burmah Trading Corporation Ltd is 8.74. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of The Bombay Burmah Trading Corporation Ltd?
Over the past 52 weeks, The Bombay Burmah Trading Corporation Ltd has traded between a low of ₹1,314.6 and a high of ₹2,135. This range helps investors understand the stock's price volatility and recent trading levels.
Does The Bombay Burmah Trading Corporation Ltd pay dividends?
Yes, The Bombay Burmah Trading Corporation Ltd has a dividend yield of 1.08%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of The Bombay Burmah Trading Corporation Ltd?
The Bombay Burmah Trading Corporation Ltd has a Return on Equity (ROE) of 26.15%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research The Bombay Burmah Trading Corporation Ltd on Tapetide?
On Tapetide, you can view The Bombay Burmah Trading Corporation Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
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. Currently BBTCL has its presence in diversified business of Tea, Coffee, other plantation products, Biscuits, Dairy products, Auto electric and White goods, weighing products, horticulture, Healthcare products, Dental, orthopedic and ophthalmic products. [1]
Website bbtcl.com
CEO Mr. Ness Nusli Wadia Esq.
Employees 1,794
Listed 1996-04-03
Face Value ₹ 2
Issued Size 6,97,71,900