Birla Corporation Limited, or BCL, is an India-based holding company that operates in four sectors—cement, jute, vinoleum, and auto trim division. The company is engaged in the business of manufacturing and marketing ordinary Portland cement, Portland slag cement, low-alkali Portland cement, sulphate-resistant cement, jute fibre, cushion vinyl flooring, PVC sheet, and door trims. BCL is among the largest industrial houses in India and was founded by Late Ghanshyam Das Birla in 1919. The company has its headquarters in Kolkata, West Bengal, and its market capitalisation, as of 16 October 2022, is Rs 6,904 crore.
Birla Corpora1tion Limited became a public company in 1919 after its listing on the stock exchanges of India. It is listed on the National Stock Exchange (NSE) under the code BIRLACORPN and the Bombay Stock Exchange (BSE) under the code 500335. The company also forms a part of the Nifty 500, Nifty Smallcap 100, S&P BSE 500, and S&P BSE AllCap indices.
The company markets its products under various brands, including MP Birla Cement Rakshak, MP Birla Cement Perfect Plus, MP Birla Cement Samrat Advanced, MP Birla Cement Unique, and MP Birla Cement Ultimate Ultra, among others. It also manufactures over 120 tonnes of jute products, such as jute yarn, lino hessian, nursery cloth, jute carpets, jute bags, and scrims. The jute products of the company are exported to several international markets, including Europe, Japan, the USA, and others. For the quarter that ended June 2022, the company reported consolidated sales of Rs 2,203.76 crore with a net profit of Rs 61.92 crore.
As per the shareholding pattern of the company, a 62.90% stake in the company is owned by promoters, a 16.78% stake is owned by retail investors, a 13.57% stake is invested in mutual funds, a 4.34% stake is owned by Foreign Institutional Investors (FIIs), and the remaining 2.41% stake belonged to other domestic institutions. The top mutual funds in which the company has invested are Invesco India Smallcap Fund Direct Growth, L&T Infrastructure Fund Direct Growth, ICICI Prudential Small Cap Fund Direct Growth, and Invesco India Tax Plan Direct Growth.
On 17 October 2022, Birla Corporation Limited’s shares were trading at Rs 902.15 at the NSE and Rs 903.00 at the BSE. Birla Corporation shares have provided a one-year return of -36.26%, and their 52-week high and 52-week low prices are Rs 822.80 and Rs 1,649.00, respectively.
Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: firstname.lastname@example.org. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose