As of 6 Nov 2026, B & A trades at 165.0× trailing earnings, above the industry P/E of 19.5×. Sales fell 1.0% a year over 3 years, with ROCE of 4.5% and ROE of −2.8%. Debt is 0.68× equity. It is a small-cap company with a market cap of ₹121 Cr, ranked 78th of 127 Packaged Foods companies by market cap; the shares fell 6.0% over the past year.
- ₹389.50
- ₹389.50
- ₹389.50
- ₹389.50
- 11
Health check
- ReturnsIn line
−6.0% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 165.0 vs industry 19.5.
- GrowthShrinking
Sales −1.0% a year over 3 years.
- ProfitabilityWeak
ROCE 4.5% vs peer median 15.3%.
- Balance sheetStretched
Debt 0.68× equity, interest covered 1.4×, Piotroski 2 of 9.
- Red flags3 to check
Return on equity is low at −2.8%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹121 Cr
- Small cap
- P/E
- 165.0
- Industry 19.5
- Price to book
- 0.88
- Peers 8.88
- Dividend yield
- 0.00%
- ROE
- −2.8%
- Peers 14.8%
- ROCE
- 4.5%
- Peers 15.3%
- Debt to equity
- 0.68
- Debt ₹111 Cr
- EPS (TTM)
- ₹2.36
- Face value ₹10
- OPM (TTM)
- 6.0%
- Net margin 0.2%
- Sales growth
- +28.7%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.40
- EV/EBITDA 13.7
Strengths and risks
Strengths
- Quarterly sales up 28.7% on a year ago.
Risks to check
- Return on equity is low at −2.8%.
- P/E of 165.0 against an industry P/E of 19.5.
- Interest coverage of only 1.8×.
About B & A
B & A Limited, together with its subsidiaries, cultivates, produces, and sells black tea in India. It operates in three segments: Tea, Paper Sacks and Flexible Laminates. The company also operates tea estates. It also offers retail tea under the Gatoonga Tea Estate brand name. The company was formerly known as Barasali Tea Estate Limited and changed its name to B & A Limited in December 2000. B & A Limited was incorporated in 1915 and is based in Kolkata,…
- Headquarters
- Kolkata
- Employees
- 4,386
- Sector
- Consumer Defensive
- ISIN
- INE489D01011
- Website
- barooahs.com
Price range
- Avg volume (3M)
- 364
- 1-year return
- minus 6.0%
- From 52-week high
- minus 6.3%
Peers · Packaged Foods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NESTLEINDNestle India | 1,282.10 | plus 1.89% | 2,47,229 | 60.6 | 42.76 | – | 79.9% | 21.0% | – | – | 0.94% | minus 0.5% |
| BRITANNIABritannia Industries | 4,785.00 | minus 3.92% | 1,15,255 | 43.2 | 27.13 | 61.2% | 66.7% | 18.4% | 5.7% | 3.0% | 1.89% | minus 15.5% |
| TATACONSUMTata Consumer Products | 1,086.30 | plus 0.80% | 1,07,511 | 63.3 | 4.86 | 8.3% | 7.6% | 14.0% | 13.9% | 8.6% | 0.92% | minus 8.6% |
| PATANJALIPatanjali Foods | 411.50 | plus 0.19% | 44,776 | 22.7 | 3.42 | 11.2% | 14.8% | 4.2% | 8.7% | 27.0% | 0.98% | minus 28.6% |
| HATSUNHatsun Agro Product | 1,068.10 | plus 0.33% | 23,792 | 66.0 | 12.07 | 20.2% | 19.0% | 10.7% | 11.2% | 29.0% | 1.87% | plus 2.4% |
| MILKYMISTMilky Mist Dairy Food | 297.20 | plus 0.93% | 22,880 | 91.2 | 8.88 | – | 9.7% | 10.1% | – | – | 0.00% | plus 63.7% |
| AWLAWL Agri Business | 167.00 | minus 0.48% | 21,573 | 18.7 | 1.98 | 15.3% | 11.1% | 2.9% | 8.7% | 21.4% | 0.60% | minus 39.5% |
| BNALTDB & A | 389.50 | 0.00% | 121 | 165.0 | 0.88 | 4.5% | −2.8% | 6.0% | −1.0% | – | 0.00% | minus 6.0% |
| Median of 7 peers | – | 0.33% | 44,776 | 60.6 | 8.88 | 15.3% | 14.8% | 10.7% | 8.7% | 21.4% | 0.94% | −8.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 55.6 | 103 | 80.9 | 43.7 | 71.6 | |
| 55.6 | 72.8 | 83.9 | 59.3 | 65.2 | |
| −0 | 30.1 | −3 | −15.5 | 6.4 | |
| 0.0% | 29.2% | −3.7% | −35.6% | 8.9% | |
| 1.1 | 1.1 | 0.5 | 2.2 | 1.2 | |
| 1.7 | 2.1 | 1.6 | 1.7 | 2.1 | |
| 1.5 | 1.5 | 1.6 | 2.3 | 1.9 | |
| −2.1 | 27.4 | −5.6 | −17.3 | 3.6 | |
| −11.2% | 3.9% | 2.1% | −18.4% | 27.6% | |
| −2.8 | 25.5 | −5.8 | −20.8 | 1.9 |
Profit & loss
- Sales CAGR 3Y
- −1.0%
- ROE
- −2.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 291 | 289 | 263 | 282 | |
| – | minus 0.7% | minus 8.9% | +7.1% | |
| 268 | 271 | 243 | 270 | |
| 23.7 | 18.2 | 20.4 | 11.8 | |
| 8.1% | 6.3% | 7.7% | 4.2% | |
| 2 | 2.2 | 4.1 | 4.2 | |
| 3.7 | 3.9 | 5.5 | 6.4 | |
| 5.2 | 5.1 | 5.9 | 6.9 | |
| 3.7 | 5.8 | 0.3 | −0.3 | |
| 20.5 | 17.1 | 13.4 | 2.4 | |
| 32.8% | 18.6% | 17.7% | 179.7% | |
| 11.4 | 10.7 | 8.2 | −3.9 | |
| – | minus 6.1% | minus 23.2% | minus 147.8% |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.1 | 3.1 | 3.1 | 3.1 | |
| 120 | 130 | 138 | 134 | |
| 30.2 | 49 | 69.4 | 111 | |
| 64.7 | 70.7 | 64.9 | 73.6 | |
| 218 | 253 | 275 | 321 | |
| 93.1 | 126 | 132 | 156 | |
| 5.7 | 10 | 14.7 | 26.5 | |
| 0.8 | 0.8 | 8 | 1.2 | |
| 15.1 | 30.4 | 28.2 | 13.2 | |
| 103 | 85.1 | 92.6 | 124 | |
| 218 | 253 | 275 | 321 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.7 | 32.7 | −0.8 | −0.4 | |
| −16 | −50.2 | −4.1 | −31.9 | |
| −6 | 8.7 | 13.8 | 34 | |
| −11.2 | −8.8 | 8.9 | 1.7 | |
| −9.1 | −40.3 | −11.2 | −32.2 | |
| 1.6 | −7.5 | −12 | −32.6 | |
| −0.8 | −0.4 | −0.3 | −0.1 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.