Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Oct - Newspaper Publication w.r.t. opening of Special Window for transfer & dematerialization of physical securities
Source: Bse
Bengal & Assam Company Limited (BENGALASM)
Small CapFinancial Services stocks · Small cap · NSE
Bengal & Assam Company Limited operates in Holding, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹5,920
+12.00 · +0.20%
Market cap ₹6,677 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:50 pm ISTDetails
Quote19 Oct, 05:50 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result13 Aug, 05:10 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
40NeutralSMA20 -4.3% / mo · MACD − · near 52W low
Stock trend: 38
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
BENGALASMD candles · FIT view+0.7%Latest close ₹5920.00 on 2026-10-19
Daily history is available from 2026-04-20; the requested 1Y window is partially covered.
Bar
+0.3%
RSI
44
MACD hist
-3.60
52W pos
27%
2026-10-19O ₹5900.00H ₹5920.00L ₹5826.00C ₹5920.00Vol 32 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
BENGALASMNifty Financial ServicesNifty 500
- BENGALASM
- -5.2%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- +0.4 pp
Chart stats
19 Oct 2026- From 52W high
- -18.5%
- 52W range position
- 27%
- ATR (14)
- 3.2%
- Volume vs 20D
- 0.08x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹5,421 - ₹6,275
₹7,268
₹5,421 - ₹7,268
₹188.6
Latest completed session
20-session average
35.6% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE58
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +10.5% · PAT -23.6% YoY
Technical
Neutral40
Price trend and sector-relative-strength timing.
Valuation
Legacy model+71.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence73
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -24% YoY · Rev +10% YoY
Filed 13 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹633 Cr | +10.5% | +0.5% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹197 Cr | -23.6% | -3.4% |
| PAT margin | 31.1% | -1391 bps | -126 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 8.68
- P/B
- 0.62
- EV/EBITDA
- 112.60
- Market Cap
- 6677.00Cr
Profitability
- ROE
- 8.11%
- ROCE
- 3.92%
- ROA
- 6.29%
- Dividend Y
- 0.87%
Growth (CAGR)
- Revenue 5Y
- -25.00%
- EPS 5Y
- 11.00%
- Revenue 3Y
- -47.00%
- EPS 3Y
- -5.00%
Balance Sheet
- Debt/Equity
- 0.06
- Interest Coverage
- —
- Altman Z
- 3.82
- Book Value
- 9372.00
Cash Flow
- FCF Yield
- 0.75%
- FCF Positive Y
- 11/5
- OCF
- 252.00 Cr
- EPS TTM
- 668.59
Shareholding
- Promoter Hold
- 72.87%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 14%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 3.0-72.7% vs prev
Net Profit
₹ CrLatest: 843+11.7% vs prev
Return on Equity
%Latest: 7,664+108450.1% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
NeutralTrend is undirectional — long-term trend unclear. RSI 44.
- SMA20 falling (~4.5% over last month) — short-term momentum negative.
- RSI(14) at 44 — sideways, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 19% off 52W high · 9% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
56
RS percentile
Insufficient history
1M return
-4.5%
3M return
-5.2%
6M return
-5.0%
1Y return
-
RS 1D
+1
RS 20D
-
Sector rank
#10
Industry rank
#34
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
price below
200-DMA
unavailable
Sector
weakening
Industry
weakening
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
127 observations
19 Oct 2026Value 104.44+1.24%
RS vs Nifty 500104
Valuation & peers
U-Score 58 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 58 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · FAIR VALUEValuation27/30
Growth12/25
Quality0/20
Balance Sheet11/15
Cash Flow6/10
Piotroski
4/9 (+1)
Penalties
1
Raw sum
58
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
58/100 · legacy band FAIR VALUE
Positive drivers
- Fair-value margin of safety is positive at 71.1%.
- Valuation contributes 27/30 to the score.
- Balance sheet contributes 11/15 to the score.
Main drags
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Growth is weaker at 12/25; verify the latest quarterly trend.
- Cash flow is weaker at 6/10; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
8.7
PB
0.6
EV/EBITDA
112.6
ROE
8.1%
ROCE
3.9%
FCF Yield
0.8%
Debt/Equity
0.1
MoS
+71.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
58
Previous: 58
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+71.1%
Previous: +71.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
58
58
58
58
58
58
58
58
58
58
58
58
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹11,873.73
+50.1% MoS
Growth-justified P/E
30.6
Growth-justified Value
₹20,458.85
+71.1% MoS
PEG
0.79
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
KAMAHOLD
Small
Kama Holdings Limited
Holding Company
match 88
75
6.3
12.6%
+78%
DEEP VALUE
BFINVEST
Small
BF Investment Limited
Holding Company
match 82
63
4.2
3.6%
+49%
UNDERVALUED
NSIL
Small
Nalwa Sons Investments Limited
Holding Company
match 82
34
48.3
0.3%
-299%
WATCHLIST
RANEHOLDIN
Small
Rane Holdings Limited
Holding Company
match 82
37
28.1
7.0%
+1%
WATCHLIST
FEDDERSHOL
Small
Fedders Holding Limited
Holding Company
match 81
51
17.0
11.6%
+45%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Bengal & Assam Company Limited operates in Holding, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
73Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 72nd percentile of the scored universe and 84th percentile within Financial Services. Main check: financial discipline is weak at 48/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
7 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
72nd percentile
overall median 67 · Financial Services: 84th pctile, median 62 · Small: 75th pctile, median 66
Evidence depth
Financial-only
7 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
88
strong · leverage and solvency
Discipline
48
watch · capital discipline
Results
62
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 72.9%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.7%.
- ▸11 years of positive FCF.
Trust risks
- ▸ROCE is low at 3.9%.
- ▸3 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Bengal & Assam Company Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 21 Aug - Newspaper Publication w.r.t. opening of special window for physical transfers
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Aug - Newspaper Publication w.r.t. 79th Annual General Meeting of the Company
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Aug - Newspaper publication w.r.t. 79th Annual General Meeting of the Company
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 29 May - Board approved reappointment of Upendra Kumar Gupta as CEO and CFO for 3 years from 15 July 2026, subject to AGM approval.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Jul - Intimation regarding Newspaper Publication - IEPF Shareholders Notice
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Jun - Second Newspaper Publication regarding Opening of Special Window for transfer of Physical Shares
Source: Bse
AnnouncementMay 2026
May 2026 · Announcement under Regulation 30 (LODR)-Change in Management 29 May - Board appointed Ronak Jhuthawat & Co. as Secretarial Auditor from 29 May 2026, subject to AGM approval.
Source: Bse
AnnouncementMay 2026
May 2026 · Corporate Action-Board approves Dividend 29 May - Board approved FY26 audited results on 29 May 2026 and recommended Rs. 50 dividend per share.
Source: Bse
AnnouncementMay 2026
May 2026 · Announcement under Regulation 30 (LODR)-Change in Management 13 May - Shri Namo Narain Agarwal resigns as Secretarial Auditor, effective from ensuing Board Meeting, due to health issues.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 12 May
Source: Bse
Annual report
Annual Report 2026 from bse
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.