Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹82.45, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 16x in the Construction industry in India. Total returns to shareholders of 89% over the past three years. Upcoming Dividend • May 22
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 29 May 2026. Payment date: 20 September 2026. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.8%). Reported Earnings • May 21
Full year 2026 earnings released: EPS: ₹3.85 (vs ₹3.97 in FY 2025) Full year 2026 results: EPS: ₹3.85 (down from ₹3.97 in FY 2025). Revenue: ₹2.14b (up 33% from FY 2025). Net income: ₹64.4m (down 2.9% from FY 2025). Profit margin: 3.0% (down from 4.1% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • May 11
BCPL Railway Infrastructure Limited to Report Q4, 2026 Results on May 19, 2026 BCPL Railway Infrastructure Limited announced that they will report Q4, 2026 results on May 19, 2026 New Risk • May 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.2% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (₹1.43b market cap, or US$15.0m). Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹85.64, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 17x in the Construction industry in India. Total returns to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹72.20, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 14x in the Construction industry in India. Total returns to shareholders of 98% over the past three years. Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: ₹0.69 (vs ₹0.58 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.69 (up from ₹0.58 in 3Q 2025). Revenue: ₹268.7m (down 30% from 3Q 2025). Net income: ₹11.6m (up 20% from 3Q 2025). Profit margin: 4.3% (up from 2.5% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Jan 22
BCPL Railway Infrastructure Limited to Report Q3, 2026 Results on Jan 29, 2026 BCPL Railway Infrastructure Limited announced that they will report Q3, 2026 results on Jan 29, 2026 New Risk • Nov 15
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings have declined by 6.0% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (₹1.32b market cap, or US$14.9m). Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹1.93 (vs ₹1.15 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.93 (up from ₹1.15 in 2Q 2025). Revenue: ₹601.8m (up 125% from 2Q 2025). Net income: ₹32.2m (up 68% from 2Q 2025). Profit margin: 5.4% (down from 7.2% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Nov 05
BCPL Railway Infrastructure Limited to Report Q2, 2026 Results on Nov 13, 2025 BCPL Railway Infrastructure Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Announcement • Aug 04
BCPL Railway Infrastructure Limited to Report Q1, 2026 Results on Aug 12, 2025 BCPL Railway Infrastructure Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • Jul 23
Full year 2025 earnings released: EPS: ₹3.97 (vs ₹3.25 in FY 2024) Full year 2025 results: EPS: ₹3.97 (up from ₹3.25 in FY 2024). Revenue: ₹1.61b (up 83% from FY 2024). Net income: ₹66.4m (up 22% from FY 2024). Profit margin: 4.1% (down from 6.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Announcement • Jul 04
Bcpl Railway Infrastructure Limited Announces Stay Order Issued by the Hon. Calcutta High Court BCPL Railway Infrastructure Limited announced that the Indian Railways pursuant to stay order issued by the Hon. Calcutta High Court regarding the impugned proceedings of the Railway administration, have withdrawn their earlier notice regarding banning with immediate effect vide notice no. 2023/GS(Elect.)/240/2(BCPL), dated 03/07/2025. Upcoming Dividend • Jun 06
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 10 September 2025. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.8%). New Risk • Jun 02
New major risk - Revenue and earnings growth Earnings have declined by 4.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 4.0% per year over the past 5 years. High level of non-cash earnings (37% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (₹1.60b market cap, or US$18.7m). Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹7.94 (vs ₹3.25 in FY 2024) Full year 2025 results: EPS: ₹7.94 (up from ₹3.25 in FY 2024). Revenue: ₹3.28b (up 274% from FY 2024). Net income: ₹132.8m (up 144% from FY 2024). Profit margin: 4.0% (down from 6.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Announcement • May 21
BCPL Railway Infrastructure Limited to Report Q4, 2025 Results on May 29, 2025 BCPL Railway Infrastructure Limited announced that they will report Q4, 2025 results on May 29, 2025 New Risk • May 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 4.7% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (5.0% net profit margin). Market cap is less than US$100m (₹1.38b market cap, or US$16.2m). Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹82.59, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 111% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹62.92, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 59% over the past three years. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹0.58 (vs ₹0.61 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.58 (down from ₹0.61 in 3Q 2024). Revenue: ₹388.7m (up 102% from 3Q 2024). Net income: ₹9.62m (down 5.2% from 3Q 2024). Profit margin: 2.5% (down from 5.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Jan 30
BCPL Railway Infrastructure Limited to Report Q3, 2025 Results on Feb 07, 2025 BCPL Railway Infrastructure Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹106, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 129% over the past three years. New Risk • Nov 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 4.5% per year over the past 5 years. High level of non-cash earnings (41% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹1.45b market cap, or US$17.1m). Announcement • Nov 06
BCPL Railway Infrastructure Limited to Report Q2, 2025 Results on Nov 13, 2024 BCPL Railway Infrastructure Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹109, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 29x in the Construction industry in India. Total returns to shareholders of 119% over the past three years. Upcoming Dividend • Sep 12
Upcoming dividend of ₹0.70 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 26 October 2024. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.0%). In line with average of industry peers (0.6%). Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹1.17 (vs ₹1.03 in 1Q 2024) First quarter 2025 results: EPS: ₹1.17 (up from ₹1.03 in 1Q 2024). Revenue: ₹191.3m (down 3.5% from 1Q 2024). Net income: ₹19.5m (up 13% from 1Q 2024). Profit margin: 10% (up from 8.7% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Aug 03
BCPL Railway Infrastructure Limited to Report Q1, 2025 Results on Aug 12, 2024 BCPL Railway Infrastructure Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹102, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 26x in the Construction industry in India. Total returns to shareholders of 113% over the past three years. Announcement • May 31
BCPL Railway Infrastructure Limited, Annual General Meeting, Sep 26, 2024 BCPL Railway Infrastructure Limited, Annual General Meeting, Sep 26, 2024, at 16:00 Indian Standard Time. Announcement • May 30
BCPL Railway Infrastructure Limited Recommends for Year Ended March 31, 2024 BCPL Railway Infrastructure Limited recommended final dividend of INR 0.70 (7%) per equity share for the Financial Year 2023-24 for the approval of shareholders at the upcoming Annual General Meeting of the Company. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹3.25 (vs ₹4.81 in FY 2023) Full year 2024 results: EPS: ₹3.25 (down from ₹4.81 in FY 2023). Revenue: ₹906.4m (down 26% from FY 2023). Net income: ₹54.4m (down 32% from FY 2023). Profit margin: 6.0% (down from 6.6% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • May 22
BCPL Railway Infrastructure Limited to Report Q4, 2024 Results on May 28, 2024 BCPL Railway Infrastructure Limited announced that they will report Q4, 2024 results on May 28, 2024 Announcement • Feb 03
BCPL Railway Infrastructure Limited to Report Q3, 2024 Results on Feb 10, 2024 BCPL Railway Infrastructure Limited announced that they will report Q3, 2024 results at 3:30 PM, Indian Standard Time on Feb 10, 2024 Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Ranajit Mondal was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹114, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 24x in the Construction industry in India. Total returns to shareholders of 105% over the past three years. Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: ₹1.26 (vs ₹0.90 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.26 (up from ₹0.90 in 2Q 2023). Revenue: ₹232.7m (down 13% from 2Q 2023). Net income: ₹21.1m (up 40% from 2Q 2023). Profit margin: 9.1% (up from 5.6% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹1.38b market cap, or US$16.6m). Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹82.46, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 91% over the past three years. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: ₹1.03 (vs ₹1.52 in 1Q 2023) First quarter 2024 results: EPS: ₹1.03 (down from ₹1.52 in 1Q 2023). Revenue: ₹207.1m (down 35% from 1Q 2023). Net income: ₹17.3m (down 32% from 1Q 2023). Profit margin: 8.3% (up from 8.0% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Announcement • Aug 06
BCPL Railway Infrastructure Limited to Report Q1, 2024 Results on Aug 14, 2023 BCPL Railway Infrastructure Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Upcoming Dividend • Jul 12
Upcoming dividend of ₹0.70 per share at 1.0% yield Eligible shareholders must have bought the stock before 19 July 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹64.23, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 57% over the past three years. Announcement • Jul 06
BCPL Railway Infrastructure Limited Recommends Dividend for the Financial Year 2022-23, Payable on or Before August 22, 2023 The Board of Directors of BCPL Railway Infrastructure Limited at their meeting held on 30 May, 2023 recommended a final dividend for the year ended 31 March, 2023 at INR 0.70/- (7%) per equity shares of INR 10/- each. In accordance with the provisions of Regulation 30 & 43 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 the dividend shall be paid on or before 22 August, 2023 subject To Approve the shareholders. Announcement • Jul 04
BCPL Railway Infrastructure Limited, Annual General Meeting, Jul 26, 2023 BCPL Railway Infrastructure Limited, Annual General Meeting, Jul 26, 2023, at 16:00 Indian Standard Time. Reported Earnings • Jun 03
Full year 2023 earnings released: EPS: ₹4.80 (vs ₹4.43 in FY 2022) Full year 2023 results: EPS: ₹4.80 (up from ₹4.43 in FY 2022). Revenue: ₹1.26b (up 19% from FY 2022). Net income: ₹80.5m (up 8.6% from FY 2022). Profit margin: 6.4% (down from 7.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 31
BCPL Railway Infrastructure Limited Recommends Dividend for the Financial Year 2022-23 BCPL Railway Infrastructure Limited at its board meeting held on May 30, 2023, recommended dividend of INR 0.70 (7%) per equity share for the Financial Year 2022-23 for the approval of shareholders at the upcoming Annual General Meeting of the Company. Announcement • May 25
BCPL Railway Infrastructure Limited to Report Q4, 2023 Results on May 30, 2023 BCPL Railway Infrastructure Limited announced that they will report Q4, 2023 results at 3:30 PM, Indian Standard Time on May 30, 2023 Buying Opportunity • May 22
Now 21% undervalued Over the last 90 days, the stock is up 4.2%. The fair value is estimated to be ₹55.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 5.4%. Buying Opportunity • Feb 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be ₹55.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 5.4%. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹0.64 (vs ₹1.13 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.64 (down from ₹1.13 in 3Q 2022). Revenue: ₹290.1m (up 42% from 3Q 2022). Net income: ₹10.8m (down 43% from 3Q 2022). Profit margin: 3.7% (down from 9.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Announcement • Feb 04
BCPL Railway Infrastructure Limited to Report Q3, 2023 Results on Feb 13, 2023 BCPL Railway Infrastructure Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 13, 2023 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹40.15, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 3.8% over the past three years. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 18% share price gain to ₹49.50, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 29% over the past three years. Announcement • Nov 04
BCPL Railway Infrastructure Limited to Report Q2, 2023 Results on Nov 10, 2022 BCPL Railway Infrastructure Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Nov 10, 2022 Announcement • Aug 10
BCPL Railway Infrastructure Limited Approves Final Dividend for the Year Ended March 31, 2022 BCPL Railway Infrastructure Limited at its AGM held on August 8, 2022 approved final dividend of INR 0.70 per share on fully paid equity shares of INR 10 each of the company for the year ended March 31, 2022, be declared and to paid to the Members whose names appear in the list of beneficial holders furnished by respective Depositories as at the end of business hours on August 1, 2022. Announcement • Aug 06
BCPL Railway Infrastructure Limited to Report Q1, 2023 Results on Aug 11, 2022 BCPL Railway Infrastructure Limited announced that they will report Q1, 2023 results on Aug 11, 2022 Upcoming Dividend • Jul 22
Upcoming dividend of ₹0.70 per share Eligible shareholders must have bought the stock before 29 July 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 16% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Within top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (1.3%). Reported Earnings • Jul 21
Full year 2022 earnings released: EPS: ₹4.43 (vs ₹4.75 in FY 2021) Full year 2022 results: EPS: ₹4.43 (down from ₹4.75 in FY 2021). Revenue: ₹1.05b (up 27% from FY 2021). Net income: ₹74.2m (down 6.7% from FY 2021). Profit margin: 7.0% (down from 9.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹31.20, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 17x in the Construction industry in India. Total loss to shareholders of 9.7% over the past three years. Reported Earnings • Jun 03
Full year 2022 earnings released: EPS: ₹4.43 (vs ₹4.75 in FY 2021) Full year 2022 results: EPS: ₹4.43 (down from ₹4.75 in FY 2021). Revenue: ₹1.08b (up 30% from FY 2021). Net income: ₹74.1m (down 6.7% from FY 2021). Profit margin: 6.9% (down from 9.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year. Announcement • Jun 01
BCPL Railway Infrastructure Limited, Annual General Meeting, Aug 08, 2022 BCPL Railway Infrastructure Limited, Annual General Meeting, Aug 08, 2022, at 16:00 Indian Standard Time. Location: Registered Office of the Company at 112 Raja Ram Mohan Roy Sarani kolkatta India Announcement • May 31
BCPL Railway Infrastructure Limited Recommends Dividend for the Financial Year 2021-22 BCPL Railway Infrastructure Limited at its board meeting held on May 30, 2022 that Board has recommended dividend of INR 0.70/- (7%) per equity share for the Financial Year 2021-22 for the approval of shareholders at the upcoming Annual General Meeting of the Company. Announcement • May 22
BCPL Railway Infrastructure Limited to Report Q4, 2022 Results on May 30, 2022 BCPL Railway Infrastructure Limited announced that they will report Q4, 2022 results at 2:30 PM, Indian Standard Time on May 30, 2022 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 23% share price gain to ₹48.65, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 18x in the Construction industry in India. Total returns to shareholders of 42% over the past three years. Announcement • Feb 05
BCPL Railway Infrastructure Limited to Report Q3, 2022 Results on Feb 12, 2022 BCPL Railway Infrastructure Limited announced that they will report Q3, 2022 results on Feb 12, 2022 Upcoming Dividend • Jul 28
Upcoming dividend of ₹0.70 per share Eligible shareholders must have bought the stock before 04 August 2021. Payment date: 31 August 2021. Trailing yield: 1.3%. Lower than top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (1.1%). Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₹59.95, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 42% over the past year. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 20% share price gain to ₹54.75, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 40% over the past year. Announcement • May 15
BCPL Railway Infrastructure Limited Recommends Dividend for the Financial Year 2020-21 BCPL Railway Infrastructure Limited announced that at its Board of Directors at its Meeting held on May 14, 2021, has recommended dividend of INR 0.70 (7%) per equity share for the Financial Year 2020-21 for the approval of shareholders at the ensuing Annual General Meeting of the company. Announcement • Mar 05
BCPL Railway Infrastructure Limited Receives LOA from Railway Vikas Nigam Limited BCPL Railway Infrastructure Limited received a LOA from Railway Vikas Nigam Limited (RVNL). This LOA has been received for deployment of 25KV OHE Gang to complete the residual overhead (OHE) adjustment works and provision of bonding/earthing work and safety related works in section Sreerampur Assam Fakiragram of NF Railway. It is expected to be executed over a period of 45 days. The recent order adds to the strong orderbook position for the Company of around INR 1.65 billion. Announcement • Feb 09
Bcpl Railway Infra Plays Critical Role in 100% Electrification of Railway in Nimtita - New Farakka Section, West Bengal BCPL Railway Infrastructure Limited is quite enthused in updating its esteemed stakeholders about their recent success where the company has exclusively executed electrification project in Nimtita New Farakka section of West Bengal. BCPL Railway Infra has successfully completed the work of Design, Supply, Erection, Testing & Commissioning of 25KV, 50 Hz, Single Phase, AC Electrification works including OHE & TSS as composite Electrical work in Azimgunj (Incl) Nalhati (Excl) & Azimganj New Farakka /Toldanga (Excl.) section, Group - 188A & 189 including Sagardighi Thermal Power Station & Sonar Bangla Cement Siding in Azimgunj-New Farakka Section of Howrah & Malda Division of Eastern Railway under RE Danapur. The total distance of the project was 79 RKM /152 TKM. The total value of the project was around INR 314 Millions. BCPL has successfully conducted a trial run at 100 kmph on the newly electrified Nimtita - New Farakka section in West Bengal, which has concluded 100% electrification of the Eastern Railway. The project marks one of the major milestone in the Eastern Railway history as it completes 100% Electrification. The project has received significant credit & appreciation from the government authorities on social media through many well recognized handles. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS ₹1.48 (vs ₹1.35 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹215.2m (down 32% from 3Q 2020). Net income: ₹24.8m (up 10.0% from 3Q 2020). Profit margin: 12% (up from 7.1% in 3Q 2020). The increase in margin was driven by lower expenses. Announcement • Jan 31
BCPL Railway Infrastructure Limited Approves Board Appointment BCPL Railway Infrastructure Limited informed that apart from general business discussion and approval of the appointment of Mr. Debasis Sircar as an Additional Director to function as Executive Director and appointment of Mr. Sudipta Kumar Mukherjee as an Additional Director to function as an Independent Director, were approved by the Board of Directors of the Company at their meeting held on January 30, 2021. Announcement • Jan 13
BCPL Railway Infra Receives Major Order Worth INR 516 Million from Rail Vikas Nigam Limited BCPL Railway Infrastructure Limited is taking pride in updating its esteemed stakeholders that the Company has received a Letter of Acceptance (LOA) from Rail Vikas Nigam Limited. This is the major order received by the Company for Supply, Erection, Testing & Commissioning of 25KV, 50HZ single phase traction Overhead Equipment (OHE) and switching stations between sections Fakiragram - new bongaigaon (excluding) in Alipurduar division (35RKM/90TKM) in the state of Assam. The total size of the order amounts to ~INR 516.04 Million which is expected to be completed within a period of 6 months from the date of commencement. Railways are the lifeline for Indian Passenger and Freight movement. Indian Railway boasts of 3rd largest railway network in the World, which is one of the main pillars for driving the economy. Government has laid major thrust in strengthening the railway infrastructure of country by way of upgradation, modernizations and new mega greenfield projects like Dedicated Freight Corridors, Bullet Trains, etc. With an aim to improve the efficiency of the rail performance and move save cost and also a step towards greener energy, Railways has taken substantial measures of electrification of the rail network in the country. Railways has substantially increased its electrification program, which has registered an increase of ~16% CAGR over the past few years. Indian Railways has aimed for 100% Electrification, which would result in savings of around INR 810 billion in fuel costs till year 2027 to the Railways. Announcement • Jan 08
BCPL Railway Infrastructure Limited Receives Order Worth INR 164 Million from Howrah Division Electrical, Eastern Railway BCPL Railway Infrastructure Limited announced that it has received a Letter of Acceptance (LOA) from Howrah Division Electrical, Eastern Railway. This LOA has been received for Design, Drawing, Supply, Erection, Testing & Commissioning of 25KV Overhead Equipment (OHE) in connection with Liluah-Bally Conversion of unregulated OHE to regulated OHE in Liluah-Bally Chord Line Section and Saktigarh-Barddhaman Section (PH-III) in Howrah Division of Eastern Railway. The total size of the order amounts to ~INR 164.20 Million which is expected to be executed over a period of 24 months. The recent order adds to the strong orderbook position for the Company of around INR 2 billion. BCPL Railway Infrastructure Ltd. has developed its niche into the Railway Electrification projects with rich expertise built over 2-3 decades. Its skills in designing, engineering and project execution are one which stands BPCL apart over its peers. The company has demonstrated its skills in executing and implementing projects even in the most difficult terrains and situations, which augurs well for its long-term growth prospects. The company boasts of strong leadership team led by the promoters and equally supported by experienced team of Engineers to effectively and efficiently execute projects on a timely basis. It has built excellent track record of project execution, which has resulted in building strong relationships with its vendors and railways authorities. As a result, the company has managed to post consistent performance in terms of order book and financial performance. The company has strong presence of projects on hand and execution mainly on the Eastern Part of the country like West Bengal, Chhattisgarh, Bihar, Odisha and Jharkhand and other regions like Punjab, Haryana, Delhi and Andhra Pradesh. It is taking all the efforts to widen its geographic presence pan-India in coming years. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 23% share price gain to ₹69.75, the stock is trading at a trailing P/E ratio of 17.3x, up from the previous P/E ratio of 14.1x. This compares to an average P/E of 14x in the Construction industry in India. Total returns to shareholders over the past year are 75%. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 30% share price gain to ₹56.75, the stock is trading at a trailing P/E ratio of 14.1x, up from the previous P/E ratio of 10.8x. This compares to an average P/E of 14x in the Construction industry in India. Total returns to shareholders over the past year are 51%. Is New 90 Day High Low • Dec 18
New 90-day high: ₹56.00 The company is up 4.0% from its price of ₹53.80 on 11 September 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 30% over the same period. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹42.05, the stock is trading at a trailing P/E ratio of 10.4x, down from the previous P/E ratio of 12.4x. This compares to an average P/E of 14x in the Construction industry in India. Total returns to shareholders over the past year are 12%. Valuation Update With 7 Day Price Move • Nov 27
Market bids up stock over the past week After last week's 16% share price gain to ₹52.00, the stock is trading at a trailing P/E ratio of 12.9x, up from the previous P/E ratio of 11.2x. This compares to an average P/E of 13x in the Construction industry in India. Total returns to shareholders over the past year are 32%. Is New 90 Day High Low • Nov 11
New 90-day low: ₹45.00 The company is down 7.0% from its price of ₹48.50 on 12 August 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 8.0% over the same period. Announcement • Nov 05
BCPL Railway Infrastructure Limited to Report Q2, 2021 Results on Nov 11, 2020 BCPL Railway Infrastructure Limited announced that they will report Q2, 2021 results on Nov 11, 2020 Announcement • Jul 01
BCPL Railway Infrastructure Limited has completed an IPO in the amount of INR 170.1 million. BCPL Railway Infrastructure Limited has completed an IPO in the amount of INR 170.1 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 4,860,000
Price\Range: INR 35
Transaction Features: Regulation S 
