BENGAL & ASSAM COMPANY LTD. (BENGALASM) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of BENGAL & ASSAM COMPANY LTD. ₹6,245, price ₹6,161, upside +1.4%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹1,282 – ₹10,278 · fair‑value band ₹4,909 – ₹7,692 · the ₹6,161 price screens below the ₹6,245 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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BENGAL & ASSAM COMPANY LTD. (BENGALASM) currently trades at ₹6,161, while our model-based Fair Value estimate is ₹6,245, implying the stock looks roughly 1.4% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹9,385 per share, and 5 of the 10 models we run sit above the ₹6,161 price.
Bear case: the Growth DCF group reads lowest at ₹1,465, and 5 of the 10 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹4,909 (bear) to ₹7,692 (bull), the price of ₹6,161 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Financials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
BENGAL & ASSAM COMPANY LTD. reported revenue of ₹23.8B in FY2026 versus ₹136B in FY2022, a compound −35.3%/yr. Reported net income was ₹8.2B in FY2026, compounding +7.0%/yr from FY2022.
Key figures
Market cap ₹70.3B (≈ $731M) · P/E ratio 26.6 · P/S ratio 9.23 · EPS (TTM) ₹231.21 · Dividend yield 0.8% · Net margin 34.6% · Return on equity 8.1% · Return on assets (EBIT) 6.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financials peers we cover trades at 56% fair-value upside, at 1%, BENGALASM screens richer than that median.
Fair Value models
Bear ₹4,909Fair Value ₹6,245Bull ₹7,692
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹87.87 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.37/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+11.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−47.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−25.6%
Start year 2021 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−21.1%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+10.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.9%
Dividend (yield on the price)0.8%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 13%
⚠ Revenue per share shrinking 26.7%/yr over ~5Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+34.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +29.4% a year for the price.
Compare BENGAL & ASSAM COMPANY LTD. with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Multi-Sector Holdings” was too small, so the broader sector is used.)Financials · 3335 stocks
Beats the sector median on 9/14 measures
Overall it ranks above its sector peers.
Valuation
Quality Score55 · Above median
Fair Value upside+2% · Above median
Profitability
Return on equity (TTM)8% · Below median
Return on assets2% · Above median
Net margin (TTM)33% · Above median
Operating margin (TTM)9% · Bottom 25%
Growth and dividend
Revenue growth25% · Top 25%
Dividend yield (TTM)0.8% · Bottom 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Financials median · lower = cheaper
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Cite: Fair Value Calculator (2026). "BENGAL & ASSAM COMPANY LTD. Fair Value". https://www.fairvalue-calculator.com/stock/BENGALASM
Frequently asked questions
Is BENGAL & ASSAM COMPANY LTD. (BENGALASM) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹6,245 versus a price of ₹6,161, about +1% upside (fairly valued).
What is the fair value of BENGALASM?
Our model-based fair value for BENGAL & ASSAM COMPANY LTD. is ₹6,245 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹6,161.
What is the quality score of BENGALASM?
BENGAL & ASSAM COMPANY LTD. has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
Our model-based price target is the fair value of ₹6,245 (as of Sep 24, 2026) from 10 valuation models. Cautious scenario ₹4,909, optimistic scenario ₹7,692. It is a calculation from audited fundamentals, not an analyst target.
What is the BENGAL & ASSAM COMPANY LTD. stock forecast for 2026?
Our models put fair value at ₹6,245, about +1% upside versus a price of ₹6,161 (fairly valued). Cautious scenario ₹4,909, optimistic scenario ₹7,692. The calculation is refreshed regularly with new filings.
What is the revenue of BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
BENGAL & ASSAM COMPANY LTD. reported trailing-twelve-month revenue of about ₹25.0B (latest available figure, as of Sep 24, 2026).
Does BENGAL & ASSAM COMPANY LTD. pay a dividend?
BENGAL & ASSAM COMPANY LTD. currently shows a dividend yield of about 0.81% relative to its recent price (as of Sep 24, 2026).
What growth is priced into BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
For today's price to be fair in a discounted-cash-flow model, BENGAL & ASSAM COMPANY LTD. would have to grow free cash flow by +34.8 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -25.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BENGALASM use?
Our models discount BENGAL & ASSAM COMPANY LTD. at 12.4 %: a base by market capitalisation (small), damped by beta 0.12, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For BENGAL & ASSAM COMPANY LTD. that is +34.8 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has BENGAL & ASSAM COMPANY LTD. (BENGALASM) delivered so far?
Over the past 5 years revenue at BENGAL & ASSAM COMPANY LTD. grew -25.6 % a year. The price currently implies +34.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
What is the free cash flow yield of BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
The free-cash-flow yield on the price is 2.17 %: that much free cash flow BENGAL & ASSAM COMPANY LTD. produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BENGAL & ASSAM COMPANY LTD. it is ₹6,245 per share (as of Sep 24, 2026), against a price of ₹6,161. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is BENGAL & ASSAM COMPANY LTD. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BENGALASM trades below its calculated fair value: price ₹6,161, fair value ₹6,245, a gap of about +1% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BENGALASM?
No. The price is what the market pays today (₹6,161); the fair value is what the company's own numbers justify (₹6,245). For BENGAL & ASSAM COMPANY LTD. the two are ₹84.15 per share apart. That gap is exactly why we show both numbers side by side.
How much is BENGAL & ASSAM COMPANY LTD. worth?
The market values BENGAL & ASSAM COMPANY LTD. at about ₹70.3B (market capitalisation, as of Sep 24, 2026). Per share that is ₹6,161; our models calculate a fair value of ₹6,245 per share.
What do the bullish and bearish scenarios say about BENGALASM?
Our models span a range for BENGAL & ASSAM COMPANY LTD.: cautious scenario ₹4,909, base ₹6,245, optimistic ₹7,692 per share (as of Sep 24, 2026, price ₹6,161). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BENGALASM?
BENGAL & ASSAM COMPANY LTD. trades at a price-to-earnings ratio of 26.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹6,245 is built from several models across several years. Other multiples: P/B 0.7, P/S 2.8, EV/EBITDA 14.9.
How solid is the balance sheet of BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
Balance-sheet figures for BENGAL & ASSAM COMPANY LTD. (as of Sep 24, 2026): return on equity 8.1%, debt of 0.05 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is BENGALASM from its 52-week high?
BENGAL & ASSAM COMPANY LTD. trades at ₹6,161, about 31% below its 52-week high of ₹8,978 and 13% above the low of ₹5,440 (as of Sep 22, 2026). Distance from the high says nothing about value: that is what the fair value of ₹6,245 is for.
Which stocks are comparable to BENGAL & ASSAM COMPANY LTD.?
From the same area (Financials) we also value Ping An Insurance (Group) Company, Federal Home Loan Mortgage Corporation, CGABL, Unum Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is BENGAL & ASSAM COMPANY LTD. stock attractive at the current price?
The data as of Sep 24, 2026: price ₹6,161, calculated fair value ₹6,245 (+1%), Quality Score 56/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BENGALASM calculated?
We run BENGAL & ASSAM COMPANY LTD. through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹6,245, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. BENGAL & ASSAM COMPANY LTD. currently trades 1 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
The closing price on Sep 22, 2026 was ₹6,161. Our model-based fair value is ₹6,245, about +1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BENGAL & ASSAM COMPANY LTD. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of BENGAL & ASSAM COMPANY LTD.
How large is the market capitalisation of BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
The market capitalisation of BENGAL & ASSAM COMPANY LTD. is ₹70.3B (≈ $731M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
The price-to-sales ratio of BENGAL & ASSAM COMPANY LTD. is 9.23 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
Earnings per share at BENGAL & ASSAM COMPANY LTD. are ₹231.21 (price ÷ EPS = P/E 26.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
The dividend yield of BENGAL & ASSAM COMPANY LTD. is 0.8% (payout 21.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
The net margin of BENGAL & ASSAM COMPANY LTD. is 34.6% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
The return on equity (ROE) of BENGAL & ASSAM COMPANY LTD. is 8.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
On an EBIT basis the return on assets of BENGAL & ASSAM COMPANY LTD. is 6.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
The operating margin of BENGAL & ASSAM COMPANY LTD. is 8.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
Revenue at BENGAL & ASSAM COMPANY LTD. is growing +25.1% versus a year earlier (3y avg −47.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at BENGAL & ASSAM COMPANY LTD. (BENGALASM)?
Earnings per share at BENGAL & ASSAM COMPANY LTD. are growing −9.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does BENGAL & ASSAM COMPANY LTD. (BENGALASM) carry?
The net debt of BENGAL & ASSAM COMPANY LTD. is ₹4.5B (fiscal year 2026, ≈ 3.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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