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Employees: 6
Size Bengal & Assam (BENGALASM.NS) is an India Consumer Discretionary company (Automotive Aftermarket) with a market value of $688M, the 725th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹5,698 on 6 Nov 2026.
Performance Over six months the shares fell 13.1%, against -17.9% for the median peer and 0.0% for the India market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 12.0% over the last twelve months (peer median +8.5%); the operating margin is 12.7% (peer median 5.8%).
Valuation It trades at 2.7× enterprise value to sales against a peer median of 0.9× (2nd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is -26%, so the hurdle is +45 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.5 points below its cost of capital (10.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹24.3B | ₹23.7B | ₹21.2B | ₹129B | ₹165B |
| Revenue growth | — | +12% | -84% | -22% | — |
| Gross profit | ₹8.58B | ₹7.13B | ₹6.57B | ₹29.5B | ₹27.8B |
| EBITDA | ₹3.72B | ₹3.89B | ₹4.10B | ₹18.8B | ₹16.0B |
| Net income | ₹7.62B | ₹8.23B | ₹7.32B | ₹38.9B | ₹9.38B |
| Free cash flow | n/a | ₹1.17B | ₹1.63B | ₹8.66B | ₹4.17B |
| Capital expenditure | n/a | ₹997M | ₹1.03B | ₹5.91B | ₹5.68B |
| Total debt | n/a | ₹6.57B | ₹5.64B | ₹4.34B | ₹51.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BENGALASM.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.6% | -5.0% | 9th lowest of 21 |
| 6-month return | -13.1% | -17.9% | 9th highest of 21 |
| Distance from 52-week high | -21.6% | -31.4% | 4th highest of 21 |
| Revenue growth (TTM) | +12.0% | +8.5% | 7th highest of 21 |
| Operating margin | 12.7% | 5.8% | 3rd highest of 21 |
| EV / Sales | 2.7× | 0.9× | 2nd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 19.9% | -3.5% | 3rd most demanding of 12 |
| Growth delivered (Del g) | -25.6% | +9.7% | lowest of 12 |
| Hurdle (Req g minus delivered) | +45.5 pp | -10.1 pp | most demanding of 12 |
| ROIC minus cost of capital | -8.5 pp | +0.0 pp | 3rd lowest of 21 |
| EV / EBITDA | 17.5× | 9.3× | most expensive of 12 |
| Net debt / EBITDA | 1.5× | 2.0× | 5th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Bengal & Assam BENGALASM.NS | India | $688M | -13% | +12% | 13% | 2.7× | 19.9% | -25.6% |
| Nankang Rubber Tire 2101.TW | Taiwan | $607M | -18% | +10% | 26% | 2.0× | -15.5% | -2.8% |
| Aeolus Tire 600469.SS | China | $598M | -30% | +2% | 4% | 0.7× | n/a | n/a |
| Giti Tire 600182.SS | China | $578M | -22% | -1% | 10% | 1.2× | -5.6% | +11.6% |
| Jiangsu General Science Technology 601500.SS | China | $831M | -25% | +11% | 5% | 1.2× | -3.5% | +19.8% |
| Prinx Chengshan 1809.HK | Hong Kong | $508M | -20% | +9% | 9% | 0.3× | n/a | n/a |
| Guizhou Tyre 000589.SZ | China | $974M | -18% | +8% | 8% | 0.9× | n/a | n/a |
| Standard Motor Products SMP | United States | $993M | +10% | +6% | 11% | 0.8× | -8.5% | +9.7% |
| Kenda Rubber Industrial 2106.TW | Taiwan | $461M | -8% | 0% | 2% | 0.8× | 10.9% | +2.3% |
| XPEL XPEL | United States | $1.06B | -12% | +13% | 14% | 2.1× | n/a | n/a |
| JK Tyre & Industries JKTYRE.NS | India | $1.10B | -12% | +13% | 7% | 0.9× | n/a | n/a |
| Nexen Tire 002350.KS | South Korea | $429M | -19% | +11% | 4% | 0.2× | -20.0% | +13.4% |
| Kumhotire 073240.KS | South Korea | $1.12B | -9% | +2% | 12% | 0.3× | n/a | n/a |
| TS Tech 7313.T | Japan | $1.25B | -3% | 0% | 2% | 0.3× | n/a | n/a |
| Goodyear Tire & Rubber GT | United States | $1.26B | -33% | -4% | 3% | 0.5× | 5.9% | +8.2% |
| JTEKT India JTEKTINDIA.NS | India | $347M | -16% | +17% | 4% | 1.2× | n/a | n/a |
| TVS Srichakra TVSSRICHAK.NS | India | $346M | +9% | +19% | 4% | 0.8× | 24.3% | +13.4% |
| Triangle Tyre 601163.SS | China | $1.38B | -21% | +2% | 5% | 0.8× | -7.2% | +2.9% |
| Qingdao Doublestar 000599.SZ | China | $1.45B | -34% | +390% | 8% | 1.3× | -2.9% | +1.0% |
| Guangdong Dcenti Auto Parts Stock 603335.SS | China | $322M | -29% | -18% | -11% | 3.4× | n/a | n/a |
| CEAT CEATLTD.NS | India | $1.52B | +6% | +24% | 7% | 1.1× | 24.9% | +15.5% |