Orissa Bengal (OBCL)
TurnaroundScore breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 0/2 · Dividend: 0/1
Key Financials
| Current Price | ₹54.43 |
| Market Cap | ₹114.75 Cr |
| P/E Ratio | 0 |
| ROCE | 5.65% |
| ROE | -5.73% |
| Dividend Yield | 0% |
| Profit Growth | -161.35% |
| Debt/Equity | 0.86 |
| Sales Growth | 12.89% |
| Promoter Holding | 69.8% |
| 52-Week Range | ₹46 — ₹62 |
| Sector | Transport Services |
| Book Value | ₹39.84 |
Strengths
- Promoter holding of 69.80% aligns management interests with minority shareholders.
- Book value of ₹43.05 provides some asset backing; P/B of 1.35 is not excessive.
- Debt/equity of 0.63 is moderate for a logistics business.
- Quarterly sales of ₹78 crore indicate operating scale.
Concerns
- Latest quarter net loss of ₹2 crore; P/E is meaningless with negative earnings.
- Sales growth -16.15% and profit growth -398.75% show deteriorating fundamentals.
- ROE of -5.73% destroys shareholder equity; ROCE 5.65% is thin.
- Piotroski F-Score of 3/9 and no dividend offer no financial comfort.
AI Analysis
When I look at Orissa Bengal, I see a small logistics player with a market cap of ₹118 crore and a share price of ₹58. My first question is always: what are the earnings? Here, the P/E is zero because there are no earnings. The latest quarter reported a net loss of ₹2 crore on sales of ₹78 crore. Sales have declined 16.15%, and profit growth is -398.75%, which means the business has swung sharply into the red. This is not a compounding machine. Graham taught me to demand a margin of safety. At ₹58, I am paying 35% over book value of ₹43.05, yet the company earns -5.73% on equity. That is the opposite of value creation. ROCE of 5.65% is thin and barely covers the cost of capital, especially with debt/equity at 0.63. The Piotroski F-score of 3 out of 9 is another red flag; financially healthy companies score much higher. There is no dividend, so shareholders rely entirely on price appreciation while the underlying business shrinks. Promoter holding of 69.80% is a positive: those who control the company have a large stake. Logistics is essential, but essential industries are not always good businesses. This is a competitive, low-moat sector. I would need evidence of a real turnaround: stabilising sales, positive profits, and improving returns. Without that, the stock is speculation, not investment. At ₹58, near the middle of its 52-week range of ₹46 to ₹64.84, I see no obvious bargain. This belongs in the too-hard pile until the numbers start improving.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer