Bengal & Assam Company Limited Intrinsic Value
BENGALASM · Financial Services · Current price ₹5,890
Is Bengal & Assam Company Limited undervalued?
We estimate the fair value of Bengal & Assam Company Limited at ₹24,974 per share, against a market price of ₹6,265. That puts the share price about +298.6% below our estimate, at medium confidence. This is our view of what the business is worth, not a target price or a forecast of where the share price will go.
How this fair value is calculated
This estimate comes from 2 methods: Justified P/B (Gordon) (₹28,398), Relative P/B (₹18,184). Each is weighted by how well its inputs held up for this company. The full working, including the assumptions and what data was missing, is set out below.
The range around this estimate
Our estimate for Bengal & Assam Company Limited spans ₹18,184 to ₹28,398. A margin of safety means buying meaningfully below the estimate: the wider the range, the more room the assumptions leave for error.
Margin of safety
Value investors look for a margin of safety: a discount to estimated value that absorbs being wrong. At ₹6,265 against an estimated value of ₹24,974, Bengal & Assam Company Limited trades at +298.6%, i.e. a discount to our estimate. How much margin to demand depends on how much you trust the inputs, which is what the confidence band below is for.
How we got this fair value
Every number below is part of the same estimate for Bengal & Assam Company Limited. Nothing here is a target price or a forecast of where the share price will go.
Workable, with real gaps. Weigh it alongside your own view rather than on its own.
Estimate range ₹18,184 – ₹28,398
Why this method for this business
The justified P/B model is appropriate for NBFCs with sustainable ROE and a cost of equity, while the relative P/B model provides a peer-based benchmark for valuation.
The models behind the number
Each method is weighted by how well its inputs held up for this company.
17% sustainable ROE vs 10.6% cost of equity justifies ~3.0× book
- residual_income is rejected due to data inconsistency and overvaluation
- DCF is not suitable for NBFCs where debt is a core component
What was missing
- Forward estimates are not available
- Limited peer data for precise relative P/B benchmarking
What drives it
12 inputs, grouped by how strong each claim is
- ROE (normalized)
- 17.3%
- Dividend payout
- 3.2%
- Book value / share
- 9,372 ₹
- Peer-median P/B
- 1.94×
- Peers used
- 14
- Book value / share
- 9,372 ₹/share
computed
ratios/derived
reported
peer-median
peer-median
computed
- Cost of equity
- 10.6%
building-block
- Near-term growth g
- 16.7%
- High-growth years
- 10 yrs
- Terminal ROE
- 14.6%
- Terminal growth g
- 5%
computed
building-block
faded toward COE + moat
computed
- Justified P/B
- 3.03×
two-stage Gordon
Who computed this
A language model (qwen3:8b) selects the valuation method and the judgement inputs for Bengal & Assam Company Limited: which models suit the business, the moat, the growth and margin assumptions. It does not produce the number. The fair value itself is computed in Python by a deterministic engine (version 2026.08.1) from those inputs, so the same inputs always give the same result and every figure above can be traced to a source.
Estimated 14 Sept 2026. Re-run as new financials and news arrive.
How we value stocks
We estimate what a business is worth from its own economics: cash flows, returns on capital, and a multiple justified by its quality, rather than from where the share price has been. A fair value estimate is a view, not a verdict, and it is only as good as the inputs listed above.
Read the full fair-value methodologyMore on Bengal & Assam Company Limited
DocStoX estimates are computed from reported financials, for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.