Bombay Cycle & Motor Agency Ltd — Updates, 11-07-2025: Company Update

Bombay Cycle & Motor Agency Ltd. has announced a board meeting to consider the financial results for the quarter and half-year ended March 31, 2025, declaration of final dividend of ₹5 per equity share, re-appointment of Mr. Chirag C. Doshi as Chairman & Managing Director for five years without remuneration, appointment of M/s. L M R A and Associates as statutory auditors for five years, approval for loans, investments, and guarantees up to ₹50 Cr, appointment of M/s. Ragini Chokshi & Co. as secretarial auditors for five years, and approval of a material related party transaction between its wholly owned subsidiary Walchand Advanced Composites Pvt. Ltd. and group company Walchandnagar Industries Ltd. for composite products worth ₹2.736 Cr plus GST.

For FY 2024-25, standalone revenue was ₹12.03 Cr, nearly flat YoY, with profit after tax at ₹2.68 Cr, down from ₹3.41 Cr. Consolidated revenue was ₹12.37 Cr, up slightly, but consolidated PAT was a loss of ₹3.09 Cr versus a profit of ₹3.13 Cr last year, impacted by the full consolidation of the subsidiary acquired during the year. The company’s Auto division contributed higher profits despite lower revenue compared to the Hospitality division. The Board has proposed a final dividend of ₹5 per share, subject to shareholder approval.

The company’s balance sheet shows strong equity of ₹30.58 Cr standalone and ₹26.70 Cr consolidated, with low debt levels (debt-equity ratio ~0.02). Current ratio declined due to redemption of investments but remains healthy at 2.68 standalone and 2.73 consolidated. Return on equity declined due to lower profits. The company maintains adequate internal controls and compliance with corporate governance norms. No material litigation or regulatory penalties were reported.

Key operational highlights include the acquisition of the remaining 50% stake in Walchand Sun Advanced Composites Pvt. Ltd., making it a wholly owned subsidiary, leading to a change in accounting from equity method to full consolidation. This has affected comparability of financials and ratios. The company continues to focus on its Automobile and Hospitality segments, with growth opportunities in premium vehicles and food & beverage services, while managing inflation and operational costs.

Overall, Bombay Cycle & Motor Agency Ltd. remains financially stable with steady revenues, a moderate dividend payout, and strategic investments in its subsidiary to support long-term growth.