BBTC
The Bombay Burmah Trading Corporation Limited
Parent entity of Britannia Industries, with plantation operations
Fast Moving Consumer Goods›Fast Moving Consumer Goods›Food Products›Packaged Foods
bbtcl.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹1246.40
Market cap
8,694 Cr
Stock P/E
6.7
P/B
1.23
Dividend yield
11.6%
ROE (FY26)
12.9%
ROCE (FY26)
31.3%
Operating margin (FY26)
15.8%
Debt / equity (FY26)
0.22
OCF / EBITDA (FY26)
70.2%
OCF / EBITDA (3Y)
70.1%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
BBTC (The Bombay Burmah Trading Corporation) is a Mumbai-based holding company whose consolidated group earns almost all its revenue from food, bakery and dairy products, alongside small investments, auto-electrical components, tea plantation, horticulture and healthcare businesses.
Company snapshot
5thBy market cap
Ranked among 18 companies in Packaged Foods.
Segment mix
Reportable segments as of 2024-09-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 98.4% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Auto electrical components | 1.0% | 88 Cr | 6 Cr | — |
| Food-bakery and dairy products | 98.4% | 8,952 Cr | 1,397 Cr | — |
| Healthcare | 0.2% | 17 Cr | 3 Cr | — |
| Horticulture | 0.5% | 42 Cr | 1 Cr | — |
| Investments | 11.8% | 1,070 Cr | 27 Cr | — |
| Others | 0.0% | 2 Cr | 16 Cr | — |
| Plantations (Tea) | 0.4% | 34 Cr | -41 Cr | — |
| Unallocated | 0.1% | 5 Cr | -9 Cr | — |
Shares add up to 112% because segment revenues are before inter-segment eliminations.
What we see
Positives
- ✓Debt-to-equity of 0.22x — the company is largely funded by its own money, not borrowed funds.
2 more signals from the filings.Sign in free to see them all
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,524 Cr | 4,337 Cr | 4,162 Cr | 4,333 Cr | 4,761 Cr | 4,685 Cr | 4,519 Cr | 4,712 Cr | 4,943 Cr | 5,066 Cr | 4,818 Cr | 5,089 Cr |
| Operating expenses (approx.) | 3,665 Cr | 3,538 Cr | 3,399 Cr | 3,598 Cr | 4,037 Cr | 3,810 Cr | 3,717 Cr | 3,988 Cr | 4,004 Cr | 4,116 Cr | 3,985 Cr | 4,270 Cr |
| EBITDA | 859 Cr | 799 Cr | 763 Cr | 736 Cr | 724 Cr | 874 Cr | 802 Cr | 724 Cr | 939 Cr | 950 Cr | 833 Cr | 819 Cr |
| OPM % | 19.0% | 18.4% | 18.3% | 17.0% | 15.2% | 18.7% | 17.8% | 15.4% | 19.0% | 18.8% | 17.3% | 16.1% |
| Other income | 120 Cr | 54 Cr | 76 Cr | 70 Cr | 76 Cr | 74 Cr | 51 Cr | 72 Cr | 81 Cr | 75 Cr | 86 Cr | 68 Cr |
| Interest | 155 Cr | 53 Cr | 29 Cr | 31 Cr | 37 Cr | 51 Cr | 39 Cr | 34 Cr | 41 Cr | 39 Cr | 24 Cr | 27 Cr |
| Depreciation | 75 Cr | 81 Cr | 84 Cr | 77 Cr | 80 Cr | 86 Cr | 84 Cr | 86 Cr | 89 Cr | 88 Cr | 89 Cr | 83 Cr |
| Profit before tax | 624 Cr | 934 Cr | 733 Cr | 656 Cr | 794 Cr | 818 Cr | 788 Cr | 678 Cr | 891 Cr | 893 Cr | 889 Cr | 787 Cr |
| Tax % | 34.1% | 21.8% | 28.2% | 28.2% | 35.1% | 23.3% | 25.8% | 26.6% | 36.5% | 26.7% | 12.1% | 25.9% |
| Net profit | 412 Cr | 731 Cr | 526 Cr | 472 Cr | 516 Cr | 627 Cr | 585 Cr | 498 Cr | 566 Cr | 655 Cr | 781 Cr | 583 Cr |
| EPS (₹) | ₹17.48 | ₹65.42 | ₹37.51 | ₹31.86 | ₹36.22 | ₹48.58 | ₹44.24 | ₹34.50 | ₹34.64 | ₹45.34 | ₹63.63 | ₹41.31 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9,713 Cr | 10,228 Cr | 11,423 Cr | 11,890 Cr | 13,396 Cr | 14,544 Cr | 16,623 Cr | 17,109 Cr | 18,298 Cr | 19,539 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 8,452 Cr | 8,878 Cr | 9,741 Cr | 10,138 Cr | 10,982 Cr | 12,314 Cr | 13,840 Cr | 14,009 Cr | 15,162 Cr | 16,093 Cr | Sign in free for the trailing twelve months |
| EBITDA | 1,261 Cr | 1,350 Cr | 1,683 Cr | 1,752 Cr | 2,414 Cr | 2,230 Cr | 2,783 Cr | 3,100 Cr | 3,136 Cr | 3,445 Cr | Sign in free for the trailing twelve months |
| OPM % | 13.0% | 13.2% | 14.7% | 14.7% | 18.0% | 15.3% | 16.7% | 18.1% | 17.1% | 17.6% | Sign in free for the trailing twelve months |
| Other income | 195 Cr | 289 Cr | 225 Cr | 323 Cr | 339 Cr | 367 Cr | 456 Cr | 398 Cr | 269 Cr | 315 Cr | Sign in free for the trailing twelve months |
| Interest | 43 Cr | 55 Cr | 60 Cr | 124 Cr | 150 Cr | 252 Cr | 425 Cr | 364 Cr | 158 Cr | 138 Cr | Sign in free for the trailing twelve months |
| Depreciation | 131 Cr | 153 Cr | 173 Cr | 200 Cr | 213 Cr | 215 Cr | 239 Cr | 313 Cr | 327 Cr | 352 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 1,282 Cr | 1,312 Cr | 2,109 Cr | 1,868 Cr | 2,124 Cr | 1,514 Cr | 289 Cr | 2,527 Cr | 3,057 Cr | 3,351 Cr | Sign in free for the trailing twelve months |
| Tax % | 33.0% | 41.1% | 30.9% | 31.4% | 39.9% | 46.6% | 284.3% | 31.3% | 28.0% | 25.4% | Sign in free for the trailing twelve months |
| Net profit | 858 Cr | 773 Cr | 1,457 Cr | 1,280 Cr | 1,278 Cr | 809 Cr | -533 Cr | 1,737 Cr | 2,199 Cr | 2,499 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹60.45 | ₹39.76 | ₹127.37 | ₹85.75 | ₹52.96 | ₹9.09 | ₹-240.94 | ₹98.03 | ₹160.90 | ₹178.10 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 112.9% | 158.7% | — | 49.6% | 45.3% | 40.5% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 14 Cr | 14 Cr | 14 Cr | 14 Cr | 14 Cr | 14 Cr | 14 Cr | 14 Cr | 14 Cr | 14 Cr |
| Reserves | 3,664 Cr | 3,950 Cr | 4,750 Cr | 5,080 Cr | 5,462 Cr | 5,483 Cr | 4,020 Cr | 4,662 Cr | 5,618 Cr | 7,028 Cr |
| Borrowings | 975 Cr | 886 Cr | 795 Cr | 1,865 Cr | 2,629 Cr | 5,653 Cr | 6,541 Cr | 2,134 Cr | 1,538 Cr | 1,556 Cr |
| Other liabilities | 1,395 Cr | 1,807 Cr | 2,082 Cr | 2,187 Cr | 2,536 Cr | 2,859 Cr | 3,376 Cr | 3,177 Cr | 3,373 Cr | 3,385 Cr |
| Total liabilities | 7,391 Cr | 8,359 Cr | 9,784 Cr | 11,357 Cr | 12,436 Cr | 15,305 Cr | 15,732 Cr | 11,962 Cr | 12,723 Cr | 14,539 Cr |
| Fixed assets (net) | 1,128 Cr | 1,311 Cr | 1,653 Cr | 1,843 Cr | 1,763 Cr | 1,726 Cr | 2,574 Cr | 2,702 Cr | 2,830 Cr | 2,757 Cr |
| CWIP | 33 Cr | 207 Cr | 108 Cr | 51 Cr | 130 Cr | 547 Cr | 107 Cr | 189 Cr | 90 Cr | 42 Cr |
| Investments | 2,365 Cr | 2,832 Cr | 3,583 Cr | 5,013 Cr | 4,652 Cr | 3,832 Cr | 4,837 Cr | 4,356 Cr | 5,361 Cr | 6,779 Cr |
| Loans & advances | — | — | 1,313 Cr | 1,192 Cr | 950 Cr | 788 Cr | 542 Cr | 211 Cr | 61 Cr | 76 Cr |
| Inventories | 734 Cr | 727 Cr | 882 Cr | 836 Cr | 1,184 Cr | 1,435 Cr | 1,268 Cr | 1,244 Cr | 1,306 Cr | 1,408 Cr |
| Trade receivables | 231 Cr | 361 Cr | 459 Cr | 368 Cr | 313 Cr | 392 Cr | 390 Cr | 463 Cr | 515 Cr | 538 Cr |
| Cash & bank | 156 Cr | 195 Cr | 139 Cr | 179 Cr | 605 Cr | 598 Cr | 542 Cr | 747 Cr | 341 Cr | 704 Cr |
| Other assets | 2,745 Cr | 2,725 Cr | 1,647 Cr | 1,876 Cr | 2,840 Cr | 5,986 Cr | 5,471 Cr | 2,050 Cr | 2,219 Cr | 2,234 Cr |
| Total assets | 7,391 Cr | 8,359 Cr | 9,784 Cr | 11,357 Cr | 12,436 Cr | 15,305 Cr | 15,732 Cr | 11,962 Cr | 12,723 Cr | 14,539 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 411 Cr | 1,213 Cr | 1,104 Cr | 1,412 Cr | 1,663 Cr | 1,447 Cr | 2,474 Cr | 2,038 Cr | 2,328 Cr | 2,418 Cr |
| Cash from investing | -357 Cr | -967 Cr | -859 Cr | -1,567 Cr | -365 Cr | -2,997 Cr | -857 Cr | 3,786 Cr | -958 Cr | -938 Cr |
| Cash from financing | -26 Cr | -221 Cr | -273 Cr | 185 Cr | -863 Cr | 1,494 Cr | -1,161 Cr | -5,647 Cr | -1,844 Cr | -1,132 Cr |
| Net cash flow | 27 Cr | 26 Cr | -28 Cr | 30 Cr | 433 Cr | -52 Cr | 466 Cr | 204 Cr | -472 Cr | 363 Cr |
| Free cash flow (OCF − Capex) | 42 Cr | 781 Cr | 690 Cr | 1,149 Cr | 1,402 Cr | 872 Cr | 1,752 Cr | 1,464 Cr | 1,940 Cr | 2,185 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 22.1% | 20.9% | 28.2% | 21.7% | 23.0% | 14.2% | 5.8% | 32.9% | 34.4% | 31.3% |
| ROE % | 8.4% | 13.6% | 12.9% | 8.2% | 5.1% | 0.9% | -28.8% | 10.3% | 14.4% | 12.9% |
| Debtor days | 9 | 13 | 15 | 11 | 8 | 10 | 9 | 10 | 10 | 10 |
| Inventory days | 54 | 53 | 57 | 51 | 65 | 69 | 54 | 52 | 48 | 49 |
| Days payable | 58 | 75 | 76 | 70 | 75 | 63 | 63 | 69 | 65 | 67 |
| Cash conversion cycle | 4 | -9 | -4 | -8 | -1 | 15 | -0 | -7 | -7 | -8 |
| OCF / EBITDA % | 32.6% | 89.9% | 65.6% | 80.5% | 68.9% | 64.9% | 88.9% | 65.7% | 74.2% | 70.2% |
| OCF / EBITDA % (3 years) | — | — | 63.5% | 77.9% | 71.4% | 70.7% | 75.2% | 73.4% | 75.8% | 70.1% |
| Debt / equity | 0.27 | 0.22 | 0.17 | 0.37 | 0.48 | 1.03 | 1.62 | 0.46 | 0.27 | 0.22 |
| Current ratio | 1.57 | 1.76 | 1.71 | 1.31 | 1.54 | 1.81 | 1.60 | 1.21 | 1.07 | 1.19 |
| Net debt / EBITDA | 0.65 | — | 0.39 | 0.96 | 0.84 | 2.27 | 2.16 | 0.45 | 0.38 | 0.25 |