OBCL
Orissa Bengal Carrier financials
- Market cap
- ₹118 Cr
- Sector
- Services
What Orissa Bengal Carrier Limited does
Orissa Bengal Carrier Limited (OBCL) is a Full Truck Load (FTL) and third-party logistics (3PL) company that transports bulk cargo for large industrial clients across steel, aluminium, cement, coal and oil & gas, handling more than a million tonnes annually. It runs an asset-light, partnership-based model, deploying its own fleet alongside trucks leveraged from affiliated fleet-owner partners rather than owning all its capacity. Work flows from RFQ/purchase-order intake through costing and bidding, branch-level vehicle deployment, GPS and e-way-bill tracking, to safe delivery and reporting at the customer's destination. OBCL also operates OBCL Ventures Private Limited, a wholly-owned subsidiary incorporated in 2024 for trading in iron & steel, minerals and other industrial products.
Segments
- Full Truck Load (FTL) transportation
- Third-Party Logistics (3PL) services
- OBCL Ventures Private Limited
- Owned fleet
- ~117 vehicles (FY25)
- Branch network
- 39 branches PAN India (FY25)
- Bulk cargo handled
- 1 million+ tonnes/annum
- Business model
- Asset-light, partnership-based (own fleet + affiliated fleet-owner partners)
- Client industries served
- Steel, aluminium, cement, coal, oil & gas, FMCG
- Certifications
- ISO 9001:2015 certified; IBA-approved transporter
Quarterly results
Q1 FY27: revenue up 14.0%, net profit down 161.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 74 | 77 | 78 | 72 | 72 −2% | 72 −7% | 94 +20% | 82 +14% |
| EBITDA | 2 | 4 | 1 | 2 | 0 −97% | 1 −83% | -2 −224% | 2 +41% |
| Net profit | 1 | 0 | -1 | 0 | -2 −308% | -2 −2871% | -4 −289% | -0 −161% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −1.1% 1Y
1Y: ₹56.42 on 10 Sept 2025 → ₹55.78. High ₹59.99 (4 Mar 2026), low ₹50.87 (3 Jun 2026).
Financials, as filed
Revenue fell 3.5% a year over 2 years, FY24 to FY26. Operating margin narrowed to 0.2%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹333 Cr | ₹305 Cr | ₹310 Cr |
| Operating profit | ₹7 Cr | ₹10 Cr | ₹1 Cr |
| Operating margin | 2.1% | 3.2% | 0.2% |
| Interest | ₹1 Cr | ₹3 Cr | ₹5 Cr |
| Depreciation | ₹3 Cr | ₹5 Cr | ₹6 Cr |
| Net profit | ₹4 Cr | ₹1 Cr | ₹-9 Cr |
| Net margin | 1.2% | 0.4% | -2.8% |
| Cash from operations | ₹7 Cr | ₹-2 Cr | ₹9 Cr |
| Free cash flow | ₹-6 Cr | ₹-19 Cr | ₹-10 Cr |
| ROCE | 6.0% | 5.0% | -1.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity capital | ₹21 Cr | ₹21 Cr | ₹21 Cr |
| Reserves | ₹68 Cr | ₹71 Cr | ₹61 Cr |
| Borrowings | ₹14 Cr | ₹58 Cr | ₹66 Cr |
| Other liabilities | ₹11 Cr | ₹14 Cr | ₹15 Cr |
| Total liabilities | ₹114 Cr | ₹163 Cr | ₹163 Cr |
| Fixed assets | ₹17 Cr | ₹36 Cr | ₹41 Cr |
| Capital work in progress | ₹2 Cr | ₹2 Cr | ₹3 Cr |
| Investments | ₹6 Cr | ₹14 Cr | ₹14 Cr |
| Other assets | ₹89 Cr | ₹110 Cr | ₹106 Cr |
| Total assets | ₹114 Cr | ₹163 Cr | ₹163 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +3.50 pp while the public trimmed −3.49 pp. The shareholder count shrank 15% to 5,024.
- Promoters
- 72.2%
- Public
- 27.8%
Since Jun 2025
- Promoters +3.50 pp
- Public −3.49 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Over this window promoters went from 67.2% to 72.2% — +5.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 67.2%, FIIs 0.0%, Public 32.8%.Dec '23: Promoters 67.2%, Public 32.8%.Mar '24: Promoters 67.2%, FIIs 0.1%, Public 32.7%.Jun '24: Promoters 67.2%, FIIs 0.0%, Public 32.8%.Sep '24: Promoters 67.2%, FIIs 0.1%, Public 32.7%.Dec '24: Promoters 67.2%, Public 32.8%.Mar '25: Promoters 67.2%, Public 32.8%.Jun '25: Promoters 68.7%, Public 31.3%.Sep '25: Promoters 69.2%, Public 30.8%.Dec '25: Promoters 69.8%, Public 30.2%.Mar '26: Promoters 71.9%, Public 28.1%.Jun '26: Promoters 72.2%, Public 27.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Ravi Omprakash Agrawal +0.25 pp 47.17% held
- Rbg Vyapar Private Limited +0.15 pp 2.64% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Orissa Bengal Carrier Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ravi Omprakash Agrawal | 47.17% | +0.25 pp |
| Shakuntala Devi Agrawal | 14.07% | unchanged |
| Obcl Infrastructure Private Limited | 9.49% | unchanged |
| Rbg Vyapar Private Limited | 2.64% | +0.15 pp |
| Vashisth Agrawal | 1.49% | unchanged |
| Amarnath Agrawal | 1.07% | unchanged |
| Karan Taori | 1.07% | unchanged |
| Nitish Agrawal | 1.05% | unchanged |
| Minakshi Maheshkumar Gupta | 0.37% | unchanged |
| Rinky Garg | 0.02% | unchanged |
| Sunita Devi Mittal | 0.01% | unchanged |
| Rishi Kumar & Sons (Karta-Ravi Agrawall) | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Orissa Bengal Carrier Limited
Guides on how to read this kind of business and the numbers that matter.