---
title: "OBCL Ltd (OBCL) — Share Price, Financials & Analysis"
symbol: "OBCL"
company: "OBCL Ltd"
canonical: "https://tapetide.com/stocks/OBCL"
isin: "INE426Z01016"
nse_symbol: "OBCL"
bse_code: "541206"
sector: "Logistics & Cargo"
industry: "Logistics Solution Provider"
market_cap_cr: 119.54
generated_at: "2026-09-13T20:08:08.706Z"
---

# OBCL Ltd (OBCL)

Canonical page: https://tapetide.com/stocks/OBCL

## Company

- **NSE Symbol:** OBCL
- **BSE Code:** 541206
- **ISIN:** INE426Z01016
- **Sector:** Logistics & Cargo
- **Industry:** Logistics Solution Provider
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2022-04-07
- **CEO:** Mr. Ravi Agrawal
- **Employees:** 147
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** obclimited.com

## About

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

## Latest Price

- **Price:** ₹55.78
- **Change:** -0.11 (-0.2%)
- **Open:** ₹56.7
- **Day High:** ₹56.7
- **Day Low:** ₹55.7
- **Previous Close:** ₹55.89
- **Volume:** 4948
- **As Of:** 2026-09-11T09:59:32+00:00

## Key Fundamentals

Observed at 2026-09-11T04:48:53.232177Z.

- **Market Cap:** ₹119.54 Cr
- **Classification:** Microcap
- **P/E (reported):** -14.6
- **EPS (TTM):** ₹-4.03
- **EPS (reported):** ₹1.42
- **Book Value:** ₹39.81
- **Price to Book:** 1.48
- **Dividend Yield:** 0%
- **ROE:** -9.33%
- **ROCE:** -1.45%
- **Debt to Equity:** 0.86
- **Revenue (yearly):** ₹351 Cr
- **Net Income:** ₹-7.8 Cr
- **EBITDA:** ₹4.9 Cr
- **52-Week High:** ₹62
- **52-Week Low:** ₹46.51
- **RSI (14):** 58.42

## Tapetide Score

- **Score:** 42 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Rising
- **Percentile:** 19.7 (of 4473 scored stocks)
- **Confidence:** 91%
- **Data coverage:** 81%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 22.09 | 9% |
| growth | 43.3 | 9% |
| momentum | 65.94 | 12% |
| ownership | 51.52 | 24% |
| quality | 39.71 | 22% |
| valuation | 30.69 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company's working capital requirements have reduced from 56.4 days to 42.2 days

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -0.51% over last 3 years.
- Earnings include an other income of Rs.3.03 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 175.64% | 90.67% | 314.02% |
| ebitda margin growth | 400% | -62.83% | -49.82% | — |
| net income growth | 123.08% | -439.13% | -310.81% | — |
| revenue growth | -13.92% | 2.84% | 1.55% | — |
| roce | -181.33% | -121.58% | -121.04% | — |
| roe | -123.45% | -470.24% | -0.9% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 78.41 | 71.68 | 75.43 | 79.78 | 92.49 | 91.15 | 85.22 | 86.25 | 77.55 | 98.19 | 82.37 |
| Expenses | 75.33 | 73.88 | 73.08 | 77.25 | 87.71 | 88.71 | 83.21 | 86.1 | 76.82 | 100.02 | 79.92 |
| Operating Profit | 3.08 | -2.2 | 2.35 | 2.53 | 4.78 | 2.44 | 2.01 | 0.15 | 0.73 | -1.83 | 2.45 |
| OPM % | 3.93 | -3.07 | 3.12 | 3.17 | 5.17 | 2.68 | 2.36 | 0.17 | 0.94 | -1.86 | 2.97 |
| Other Income | 0.55 | 1.33 | 0.45 | 1.25 | -0.6 | -0.45 | 3.34 | 0.67 | -0.16 | 0.22 | 2.3 |
| Interest | 0.11 | 0.42 | 0.42 | 0.75 | 1.05 | 1.67 | 1.6 | 1.31 | 1.31 | 1.57 | 1.41 |
| Depreciation | 0.58 | 0.78 | 1.1 | 1.47 | 1.77 | 0.92 | 1.38 | 1.43 | 1.54 | 2.14 | 1.7 |
| Profit before tax | 2.94 | -2.07 | 1.28 | 1.56 | 1.36 | -0.6 | 2.37 | -1.92 | -2.28 | -5.32 | 1.64 |
| Tax % | 22.11 | -7.25 | 21.09 | 25 | 41.18 | 11.67 | 21.1 | 11.98 | 4.39 | -3.01 | 26.22 |
| Net Profit | 2.29 | -1.92 | 1.02 | 1.17 | 0.8 | -0.67 | 1.87 | -2.15 | -2.39 | -5.16 | 1.21 |
| EPS in Rs | 1.09 | -0.91 | 0.48 | 0.55 | 0.38 | -0.32 | 0.89 | -1.02 | -1.13 | -2.45 | 0.57 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- |
| Sales | 333 | 339 | 347 | 344 |
| Expenses | 326 | 327 | 344 | 343 |
| Operating Profit | 7 | 12 | 3 | 2 |
| OPM % | 2.1 | 3.6 | 0.8 | 0.4 |
| Other Income | 2 | 1 | 2 | 3 |
| Interest | 1 | 4 | 6 | 6 |
| Depreciation | 3 | 5 | 6 | 7 |
| Profit before tax | 5 | 4 | -7 | -8 |
| Tax % | 32 | 36 | 9 | — |
| Net Profit | 4 | 2 | -8 | -8 |
| EPS in Rs | 1.75 | 1.1 | -3.71 | -4.03 |
| Dividend Payout % | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Equity Capital | 21 | 21 | 21 |
| Reserves | 68 | 71 | 63 |
| Borrowings | 14 | 59 | 72 |
| Other Liabilities | 11 | 12 | 15 |
| Total Liabilities | 114 | 163 | 172 |
| Fixed Assets | 17 | 29 | 42 |
| CWIP | 2 | 2 | 3 |
| Investments | 6 | 11 | 11 |
| Other Assets | 89 | 121 | 115 |
| Total Assets | 114 | 163 | 172 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Cash from Operating Activity | 7 | -18 | 13 |
| Cash from Investing Activity | -19 | -23 | -18 |
| Cash from Financing Activity | 10 | 41 | 8 |
| Net Cash Flow | -2 | 1 | 3 |
| Free Cash Flow | -6 | -34 | -7 |
| CFO/OP | 125 | -134 | 483 |

### Ratios

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Debtor Days | 78 | 96 | 88 |
| Inventory Days | — | 0 | 3 |
| Days Payable | — | — | 83 |
| Cash Conversion Cycle | 78 | 96 | 9 |
| Working Capital Days | 69 | 58 | 42 |
| ROCE % | — | 7 | -1 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 67.23% | 67.23% | 67.23% | 67.23% | 67.23% | 67.23% | 67.23% | 68.68% | 69.24% | 69.8% | 71.94% | 72.19% |
| FIIs | 0.01% | 0% | 0.06% | 0.02% | 0.07% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 25.9% | 25.67% | 26.85% | 24.84% | 24.45% | 24.64% | 24.92% | 24.22% | 22.98% | 21.88% | 20.88% | 20.36% |
| Others | 6.87% | 7.1% | 5.86% | 7.92% | 8.25% | 8.13% | 7.85% | 7.09% | 7.78% | 8.31% | 7.19% | 7.45% |
| No. of Shareholders | 4565 | 5038 | 5926 | 6957 | 6843 | 6555 | 6176 | 5882 | 5811 | 5526 | 5223 | 5024 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 6 / 2

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 55.31 | Buy |
| EMA (10) | 55.5 | Buy |
| SMA (20) | 55.23 | Buy |
| EMA (20) | 55.15 | Buy |
| SMA (50) | 54.03 | Buy |
| EMA (50) | 54.71 | Buy |
| SMA (100) | 54.69 | Buy |
| EMA (100) | 54.76 | Buy |
| SMA (200) | 55.13 | Buy |
| EMA (200) | 54.89 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 57.35 | Neutral |
| MACD (12,26,9) | 0.45 | Buy |
| Stochastic (14,3,3) | 73.78 | Neutral |
| ADX (14) | 17.75 | Neutral |
| Williams %R (14) | -19.32 | Sell |
| ATR (14) | 2.02 | High Volatility |
| ROC (12) | -3.29 | Sell |
| Stoch RSI (14) | 25.15 | Neutral |
| UO (7,14,28) | 44.67 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 31 Mar - Ravi Agrawal acquired OBCL shares on-market on Mar 27 and Mar 30, 2026; Form C filed. | [Announcement under Regulation 30 (LODR)-Updates on Acquisition 31 Mar - Ravi Agrawal acquired OBCL shares on-market on Mar 27 and Mar 30, 2026; Form C filed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/404804dc-d1a7-4d6f-83ec-296d7d465697.pdf) |
| 27 Mar - MD Ravi Agrawal bought 59,900 shares (10,000 on 24-Mar-2026; 49,900 on 25-Mar-2026), stake rose to 46.85%. | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 27 Mar - MD Ravi Agrawal bought 59,900 shares (10,000 on 24-Mar-2026; 49,900 on 25-Mar-2026), stake rose to 46.85%.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/26507E05_95C1_4AD0_A6A9_E20682A9AEE9_140509.pdf) |
| 26 Mar - Trading window closed from April 1, 2026 until 48 hours post Q4 FY2026 results declaration. | [Closure of Trading Window 26 Mar - Trading window closed from April 1, 2026 until 48 hours post Q4 FY2026 results declaration.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/41ced713-4090-4779-bbdb-d1759d3511ba.pdf) |
| 26 Mar - MD Ravi Agrawal acquired 49,900 shares on-market on 24–25 March 2026; Form C filed. | [Announcement under Regulation 30 (LODR)-Updates on Acquisition 26 Mar - MD Ravi Agrawal acquired 49,900 shares on-market on 24–25 March 2026; Form C filed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d008aec1-472d-4b26-8add-2d9153dafb16.pdf) |
| 20 Mar - Managing Director Ravi Agrawal acquired company shares on-market March 18–20, 2026; Form C disclosure filed. | [Announcement under Regulation 30 (LODR)-Updates on Acquisition 20 Mar - Managing Director Ravi Agrawal acquired company shares on-market March 18–20, 2026; Form C disclosure filed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f2b3e563-9967-4012-a29c-c70477061c30.pdf) |
| 2 Mar - Promoter MD Ravi Agrawal purchased 19,612 shares on-market (26Feb,27Feb,02Mar2026), ~0.08% of capital. | [Announcement under Regulation 30 (LODR)-Updates on Acquisition 2 Mar - Promoter MD Ravi Agrawal purchased 19,612 shares on-market (26Feb,27Feb,02Mar2026), ~0.08% of capital.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/48fb68b9-2728-4b7d-b61b-67e1c29aff30.pdf) |
| 2 Mar - Name changed from Orissa Bengal Carrier Limited to OBCL Limited effective March 2, 2026. | [Announcement under Regulation 30 (LODR)-Change of Company Name 2 Mar - Name changed from Orissa Bengal Carrier Limited to OBCL Limited effective March 2, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/06859bfc-a113-408a-bc92-310dcc1231d4.pdf) |
| 17 Mar - MD Ravi Agrawal acquired equity shares on-market on Mar 13, 16 and 17, 2026. | [Announcement under Regulation 30 (LODR)-Updates on Acquisition 17 Mar - MD Ravi Agrawal acquired equity shares on-market on Mar 13, 16 and 17, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b8a9204-fa8c-495a-8a78-e4af7540b3ac.pdf) |
| 13 Mar - MD Ravi Agrawal bought shares on-market March 10–12, 2026; promoter stake ~45.74% (≈96.41 million shares). | [Announcement under Regulation 30 (LODR)-Updates on Acquisition 13 Mar - MD Ravi Agrawal bought shares on-market March 10–12, 2026; promoter stake ~45.74% (≈96.41 million shares).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a0c36acc-1e90-4f15-a85e-a3e9636dd0c6.pdf) |
| 11 Sep - Promoter group bought 4,750 shares on-market on 8 and 10 September 2026. | [Announcement under Regulation 30 (LODR)-Updates on Acquisition 11 Sep - Promoter group bought 4,750 shares on-market on 8 and 10 September 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4f0ff538-3f75-4678-8989-be4a7caa4e80.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=E03FEADB_1A5F_4D6C_8BB8_9D577BBEF82F_105731.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Updates on Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20dbdedd-7e75-4049-8edc-bf4c1fa84fc4.pdf) |
| 2026-09-03 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C0F1EA65_AFDD_426D_A57B_3349B8C0CDF3_094321.pdf) |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Updates on Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=82a63b46-9a0a-4f03-bd14-6d88a255e5e4.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Updates on Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=78398e62-73b5-4832-b8df-51f4b53e23c7.pdf) |
| 2026-08-27 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=AD986CCE_BF35_4D63_B483_449D2906F73B_084902.pdf) |
| 2026-08-22 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67E371E8_48B1_4FC6_8C4B_533543D2222A_103141.pdf) |
| 2026-08-21 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4adf9b04-cabf-424a-94a9-527d5f2cb6b3.pdf) |
| 2026-08-21 | [Announcement under Regulation 30 (LODR)-Updates on Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a5d93abb-aadd-4069-9ca5-3e63b1837ad8.pdf) |
| 2026-08-20 | [Notice Of The 31St Annual General Meeting Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=815e0098-36a1-4ec1-8569-84aa0f46c426.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-29 | [Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=69e988d7-a9dd-423b-94be-fe8f321087e1.pdf) |
| 2026-05-29 | [Financial Results For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=252ca76f-f31e-4555-8228-b6120462aa2d.pdf) |
| 2026-02-14 | [Financial Results Of The Company For The Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ec914c0-90e3-45bc-b6b1-d4c2cd8169ac.pdf) |
| 2025-11-14 | [Financial Results Of The Company For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f00a403c-d48e-47f7-99b8-8e9438c5eaeb.pdf) |
| 2025-08-13 | [Financial Results Of The Company For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=75b5327a-5d1a-49eb-b3d7-a5b9e7140da8.pdf) |
| 2025-05-30 | [Financial Results Of The Company For The Quarter And Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3b43e3e2-ed3c-4b3b-8ffc-91d60cff98d7.pdf) |
| 2025-02-14 | [Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d58e5fc0-6b38-4178-8498-3a675f23306e.pdf) |
| 2024-11-14 | [Unaudited Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07529ab9-8aaf-4ff6-993d-b0b631322daf.pdf) |
| 2024-08-14 | [Unaudited Financial Results Of The Company For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=916101b8-6daf-433d-bccf-848ce1ae8afe.pdf) |
| 2024-05-30 | [Audited Standalone Financial Results Of The Company For The Quarter And Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=87de5550-6cdc-40b3-954d-0bf998b9d3ad.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/229655ec-4f84-4c75-b3f7-5404c2e48b60.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93abb4e2-9517-4b75-a9e6-ff851a0e13d8.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/26682744-d032-41f3-8ddf-749742b4e9ad.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/541206/74200541206.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/541206/70349541206.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/541206/5412060320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/541206/5412060319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/541206/5412060318.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=635937a2-9fe3-42a5-81f1-d32876007149.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e8840b8-8054-4453-9c53-4037e52ba2a4.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/635937a2-9fe3-42a5-81f1-d32876007149.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9e8840b8-8054-4453-9c53-4037e52ba2a4.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:08:08.706Z.