BCL Industries In Focus As Indian President’s Portfolio Acquires Stake & Ethanol Order Win of Rs 134.87 Cr

On Tuesday, the price of a share of BCL Industries Ltd increased by 3.1%, closing at Rs 40.23 per share. The previous close was Rs 39.03 and the share price has increased by 16.6% over the year. BCL Industries Ltd, which had a 52-week low of Rs 34.50, also has a high of Rs 68.83.

Indian President's portfolio has made a significant development by entering the company with an initial purchase of 27,10,000 shares, which accounts for 0.92 percent of equity. As per the recent exchange report, the company's promoter Kushal Mittal, has also made several purchases of Rs. 3,74,499 on an open market on 20, 21 and 24, March 2025. Shares of BCL Industries have shown remarkable growth returns of 1190% in the last 5 years and improved since the listing by 2694%.

BCL Industries and its subsidiary, Svaksha Distillery Limited, have also received a new order for ethanol from the Oil Marketing Companies (OMCs) amounting to around Rs 134.87 crores. This stems from their bidding activity in the tender for January 2025. The order consists of 23,054 kilolitres (KL) of ethanol made from FCI rice. BCL Industries was allocated 14,302 KL of ethanol for Rs 83.67 crores that came with an FCI rice base of 31,750 MT. Svaksha Distillery was awarded 8,752 KL for Rs 51.20 crore, which came with an FCI rice base of 19,429 MT. The order now adds to the group's commitment of 182,485 KL from an October 2024 order, further increasing the group's ability to supply ethanol.

Mixed results encapsulate BCL Industries' performance in terms of finances for Q3FY25. As was previously noted for Q3FY24, the company's net sales increased by 18.3% to Rs 762 crore, whereas net profit decreased by 36.3% to Rs 21 crore. Nonetheless, the company's annual performance for FY24 was encouraging. In FY24, as compared to FY23, the net sales grew by 21% from Rs 1,819.92 crore to Rs 2,200.62 crore and net profit grew by 49% to Rs 95.92 crore from Rs 64.36 crore in the previous year. For the nine-month period of 9MFY25, net sales increased to 2,166 crore which was an increase of 36.4% and net profit increased by 4.1% to Rs 75 crore.

Part of Mittal Group, BCL Industries Ltd has been in operation since the year 1976 and works in diverse areas such as rice and edible oil production, distilleries, real estate, etc. The company has recently undertaken expansion activities by introducing new plants and expanding subsidiaries which has increased its ethanol production capacity to 1,100 KLPD. Driving growth with construction and strategic investments, BCL Industries with a market capitalization of more than Rs 1,000 crore is aiming to strengthen its position in the market further.