Multibagger Alert: This smallcap edible oil manufacturer has given stellar returns of 402.73% in a year!

Multibagger Alert: This smallcap edible oil manufacturer has given stellar returns of 402.73% in a year!

by 5paisa Research Team Last Updated: 2022-02-21T14:33:28+05:30

BCL is the only company in India and the South Asian region that has a forward and backward integrated Distillery-Ethanol plant.

BCL Industries Ltd is an oil refining and ethanol distillery company that has given investors stellar returns of 402.73% over the last year. The share price of the company stood at Rs 82.45 on February 22, 2021, and since then, it has increased investor wealth by more than fivefold.

BCL Industries Ltd is a key player in vegetable oil refining (physical and chemical), solvent extraction, oil extraction, Distillery-Ethanol Industry, real estate and rice sheller. The company is engaged in the business of extracting, manufacturing and marketing clarified butter and oil. The company also manufactures vegetable, mustard, sunflower, cottonseed, soybean and rice bran oils, clarified butter, oil cakes, stearic acid, acid oil and other products.

In Q3FY22, revenue grew by 41.46% YoY to Rs 564.81 crore from Rs 399.27 crore in Q3FY21. On a sequential basis, the top-line was up by 22%. PBIDT (Ex OI) was reported at Rs 34.52 crore, up by 75.46% as compared to the year-ago period and the corresponding margin was reported at 6.11%, expanding by 118 basis points YoY. PAT was reported at Rs 24.13 crore, up by 139.65% from Rs 10.07 crore in the same quarter for the previous fiscal year. The PAT margin stood at 4.27% in Q3FY22 expanding from 2.52% in Q3FY21.

BCL has the expertise in producing ENA/ Ethanol from multiple crops. This allows to reduce dependency on a single crop and avoid the vagaries of raw material’s price fluctuation. It is the only company in India and the South Asian region that has a forward and backward integrated Distillery-Ethanol plant. The company has also obtained in-principal approval from MoEF for enhancing the capacity by another 100 KLPD at the same premises. With all units of the company and subsidiary generating production, BCL will be one of the largest producers of Ethanol from grains in the private sector in India.

At 1:05 pm on Monday, the stock of BCL Industries Ltd was trading at Rs 414, up by 0.04% or Rs 0.15 per share on BSE. The 52-week high of the script is recorded at Rs 514 and the 52-week low at Rs 81.65 on the BSE.


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