About

Orissa Bengal Carrier Limited operates in Logistics Solution Provider within the Industrials sector.

Face value: ₹10

Market cap

₹115 Cr

P/E

—

P/B

1.4×

Dividend yield

0%

ROE

-8.9%

ROCE

-1.4%

Debt / equity

0.86

OPM

0.3%

EPS (TTM)

₹-4.0

Book value

₹39.8

52-week high

₹60.3

52-week low

₹50.9

₹54.4-1.4%1Y

Beta

0.45

Damps index moves

Volatility (1y)

28.2%

Annualised, daily returns

RSI (14)

45.1

Neither overbought nor oversold

Rel. strength (1y)

-10.8%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+High promoter holding of 72.2% with no pledge

Cons

−Low return on equity of -0.7% (3-yr avg)
−Thin operating margin of 0.3%
−Modest revenue growth of 0.5% a year over the last 5 years
−Weak interest coverage of -0.3×

Research score

Structured signal from quality, growth, valuation and momentum.

23/100

Business quality: 11
Growth: 2
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Container Corporation Of India LimitedCONCORCONCOR	₹33,663 Cr	₹33,687 Cr	₹9,085 Cr	₹1,962 Cr	21.5%	₹1,242 Cr	13.7%	12.5%	9.8%	10
Delhivery LimitedDELHIVERYDELHIVERY	₹29,952 Cr	₹29,955 Cr	₹11,145 Cr	₹633 Cr	6.1%	₹94 Cr	1.5%	2.8%	1.6%	7
Shadowfax Technologies LimitedSHADOWFAXSHADOWFAX	₹15,982 Cr	₹15,982 Cr	₹4,202 Cr	₹212 Cr	5%	₹112 Cr	2.7%	9.6%	10.4%	10
Blue Dart Express LimitedBLUEDARTBLUEDART	₹10,657 Cr	₹10,857 Cr	₹6,357 Cr	₹1,016 Cr	15.5%	₹287 Cr	4%	19.1%	14.8%	-17
Shiprocket LimitedSHIPROCKETSHIPROCKET	₹8,730 Cr	₹8,972 Cr	₹2,024 Cr	₹-67 Cr	-3.3%	₹-79 Cr	-3.9%	-3.1%	-5.4%	—
Transport Corporation Of India LimitedTCITCI	₹6,727 Cr	₹6,946 Cr	₹5,026 Cr	₹531 Cr	10.5%	₹460 Cr	9.4%	16.5%	19.5%	40
Tvs Supply Chain Solutions LimitedTVSSCSTVSSCS	₹5,666 Cr	₹6,776 Cr	₹11,746 Cr	₹830 Cr	7.1%	₹65 Cr	1.1%	7.9%	6%	-169
Vrl Logistics LimitedVRLLOGVRLLOG	₹4,986 Cr	₹5,441 Cr	₹3,356 Cr	₹685 Cr	20.2%	₹267 Cr	7.4%	18.8%	21.3%	12
Afcom Holdings LtdAFCOMAFCOM	₹4,251 Cr	₹4,314 Cr	₹583 Cr	₹234 Cr	40.1%	₹122 Cr	20.9%	36.7%	36%	73
Mahindra Logistics LimitedMAHLOGMAHLOG	₹4,131 Cr	₹4,174 Cr	₹7,378 Cr	₹416 Cr	5.4%	₹38 Cr	0.2%	8%	0.3%	-26
Gateway Distriparks LimitedGATEWAYGATEWAY	₹2,592 Cr	₹2,884 Cr	₹2,211 Cr	₹478 Cr	21.7%	₹244 Cr	11.7%	11.2%	11.4%	-278
Tci Express LimitedTCIEXPTCIEXP	₹1,938 Cr	₹1,971 Cr	₹1,264 Cr	₹129 Cr	10.1%	₹82 Cr	6.6%	13.7%	10.3%	44

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	339	303	367	333	339	347
COGS	—	—	—	—	0	37
Gross profit	—	—	—	—	—	310
	—	—	—	—	327	309
	13	12	8	7	12	1
OPM %	3.9%	3.8%	2.1%	2.1%	3.6%	0.3%
Depreciation	4	3	3	3	5	6
Interest	2	2	1	1	4	6
	1	3	1	2	1	4
Profit before tax	8	11	5	5	4	-7
Tax	—	—	—	—	1	1
Tax %	—	—	—	—	36%	9.4%
	6	8	4	4	2	-8
PAT margin %	1.7%	2.6%	1%	1.1%	0.7%	-2.3%
EPS (₹)	—	—	—	—	1.1	-3.7
EPS adjusted (₹)	2.8	3.7	1.7	1.8	1.1	-3.7
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	21	21	21	21	21	21	21	21
Reserves	—	48	53	61	65	68	71	63
Minority interest	—	0	0	—	—	—	—	0
	—	28	28	9	2	14	59	72
	—	16	19	11	11	11	12	16
Total equity & liabilities	—	113	122	103	98	114	163	172
	12	14	10	6	8	17	29	41
CWIP	—	—	—	—	—	—	2	3
Investments	—	—	—	—	—	—	11	11
	—	—	—	—	—	—	121	117
Total assets	12	113	122	103	98	114	163	172

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	27	4	7	-15	13
	1	3	-5	-19	-25	-18
	-2	-21	-9	10	41	8
Net cash flow	2	9	-10	-2	1	3
Free cash flow	—	—	—	—	-34	-7
CFO / Operating profit %	27.8%	235.2%	57.8%	100.9%	-124.7%	—

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities
Road Transportation Service	309.88	-8.07	10.99	15.45
Trading Business	37.33	0.91	-0.82	-0.09

SegmentFigure

Road Transportation Service · revenue

₹ crore by fiscal year

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	89.4%
EBITDA margin %	3.9%	3.8%	2.1%	2.1%	3.6%	0.3%
EBIT margin %	2.7%	3%	1.4%	1.3%	2%	-1.6%
PAT margin %	1.7%	2.6%	1%	1.1%	0.7%	-2.3%
Working capital
Receivable days	—	—	—	—	96	88
Inventory days	—	—	—	—	0	3
Payable days	—	—	—	—	10	83
NWC days	—	—	—	—	86	9
Leverage
Current ratio	2.45	4.54	6.84	5.06	2.05	1.73
Debt to EBITDA	2.15	0.8	0.26	1.98	4.87	68.67
Debt to equity	0.38	0.11	0.02	0.15	0.64	0.86
Interest coverage	4.5	7.1	4.6	5.2	1.9	-0.3
Asset turnover	2.78	2.96	3.73	2.93	2.08	2.02
Return ratios
Return on assets %	4.8%	7.6%	3.7%	3.2%	1.4%	-4.6%
Return on capital employed %	12.7%	15.2%	7.5%	7.3%	7.2%	-1.4%
Return on equity %	7.8%	9.5%	4.3%	4.1%	2.5%	-9.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.23%	67.23%	67.23%	67.23%	67.23%	67.23%	67.23%	68.68%	69.24%	69.8%	71.94%	72.19%
FII	0.01%	0%	0.06%	0.02%	0.07%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	32.76%	32.77%	32.71%	32.75%	32.7%	32.77%	32.77%	31.32%	30.76%	30.2%	28.06%	27.81%
No. of shareholders	—	—	—	—	—	—	—	—	5,811	5,526	5,223	5,024

Promoter holding up 4.96 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
Ravi AgrawalPromoters	BuyMarket Purchase	61,735	₹34.02 L	43.65% → 43.95%	29 Sept 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

76 deals · 17 Aug 2021 – 28 Jan 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Jan 2026	INDIAN INFOTECH AND SOFTWARE LIMITED	Bulk	NSE	Sell	1,11,000	₹54.63	₹0.61 Cr
28 Jan 2026	GRETEX SHARE BROKING LIMITED	Bulk	NSE	Buy	1,11,000	₹54.63	₹0.61 Cr
22 Aug 2025	ORION STOCKS LTD	Bulk	NSE	Sell	1,29,505	₹58.96	₹0.76 Cr
22 Aug 2025	ORION STOCKS LTD	Bulk	NSE	Buy	38,434	₹59.43	₹0.23 Cr
24 Mar 2025	ASHISH GOYAL	Bulk	NSE	Buy	1,78,681	₹54.99	₹0.98 Cr
21 Mar 2025	ASHISH GOYAL	Bulk	NSE	Buy	1,68,738	₹53.95	₹0.91 Cr
21 Mar 2025	RBG COMMODITIES LIMITED	Bulk	NSE	Sell	1,54,602	₹54.00	₹0.83 Cr
27 Jan 2025	RBG COMMODITIES LIMITED	Bulk	NSE	Buy	1,37,465	₹56.58	₹0.78 Cr
18 Dec 2024	RBG COMMODITIES LIMITED	Bulk	NSE	Sell	2,23,468	₹56.10	₹1.25 Cr
18 Dec 2024	VASHISTH AGRAWAL	Bulk	NSE	Buy	1,44,611	₹56.10	₹0.81 Cr

1–10 of 76

1 / 8

Mr. GOPAL KUMAR AGRAWALLANon-Executive - Non Independent Director-Chairperson
Mr. RAVI AGRAWALExecutive Director-MD
Mrs. PRITI AGRAWALExecutive Director
Mrs. SHAKUNTALA DEVI AGRAWALNon-Executive - Non Independent Director
Mr. ASHISH DAKALIANon-Executive - Independent Director
Mr. MANISH KUMAR AGRAWALNon-Executive - Independent Director
Mr. Kapil MittalChief Financial Officer
Ms. Muskaan GuptaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Orissa Bengal Carrier Limited. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

30

Annual reports

8

Credit ratings

1

Please refer the enclosed file.10 Jun 2026

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

2

Dividend dividend27 Aug 2020 · ex-date₹0.5
Final dividend25 Jul 2019 · ex-date₹0.5

1

Board meeting to consider results29 Jul 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

87 announcementsExport CSV

7 Sept 2026, 6:07 pmCompany Update

Announcement under Regulation 30 (LODR)-Updates on Acquisition

Acquisition PDF

3 Sept 2026, 9:43 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

2 Sept 2026, 5:57 pmCompany Update

Announcement under Regulation 30 (LODR)-Updates on Acquisition

Acquisition PDF

31 Aug 2026, 5:24 pmCompany Update

Announcement under Regulation 30 (LODR)-Updates on Acquisition

Acquisition PDF

27 Aug 2026, 8:49 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

22 Aug 2026, 10:31 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

21 Aug 2026, 6:22 pmCompany Update

Announcement under Regulation 30 (LODR)-Updates on Acquisition

Acquisition PDF

21 Aug 2026, 4:29 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
7 Sept 2026, 6:07 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Updates on Acquisition	PDF
3 Sept 2026, 9:43 am	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Loading announcements…

Orissa Bengal Carrier Limited

Orissa Bengal Carrier Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Road Transportation Service · revenue

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

2

1

Announcements

Not in the F&O segment

2

1

Announcements

Annual reports

Credit ratings

No fund holdings on record

Segment results

Road Transportation Service · revenue

Compounded sales growth

Stock price CAGR

Return on equity

Orissa Bengal Carrier Limited

Orissa Bengal Carrier Limited

About

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Segment results

Road Transportation Service · revenue

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends2

Board meetings1

Announcements

Not in the F&O segment

Dividends2

Board meetings1

Announcements

Annual reports

Credit ratings

Ratio timeline

No fund holdings on record

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Segment results

Road Transportation Service · revenue

Compounded sales growth

Stock price CAGR

Return on equity

2

1

2

1