Bombay Burmah Trading Corporation Limited (BBTC) is one of India’s oldest and most storied conglomerates, founded in 1863 and part of the Wadia Group. With diversified interests spanning tea & coffee plantations, biscuits (Britannia), dairy, healthcare, auto-electrical components, and white goods, BBTC plays a unique role as both an operating company and a strategic holding entity. The company reported an extraordinary 3,369% profit growth in FY2025—primarily driven by exceptional gains from asset sales and stake monetizations—but its underlying operational growth remains modest. This article provides a fact-based outlook on its share price target for each year from 2026 through 2030, grounded in verified financials and business realities.
Bombay Burmah Trading Corporation: Company Overview
- Incorporated: 1863; listed on Indian exchanges since the pre-independence era
- Core Business Segments:
- Plantations: Tea, coffee, and other agri-products (legacy operations in South India)
- Consumer Goods: Biscuits (via Britannia stake), dairy, and packaged foods
- Healthcare: Dental, orthopedic, ophthalmic, and diagnostic businesses
- Industrial: Auto-electrical components, weighing scales, and white goods
- Strategic Investments: Significant stakes in group companies like Britannia Industries
- Key Strength:
- Over 160-year legacy with strong brand equity
- Deep integration within the Wadia Group ecosystem
- Asset-rich balance sheet with land holdings and investment portfolio
- Ownership: 74.05% held by promoters, primarily the Wadia family
Bombay Burmah Trading Corporation: Key Financial Snapshot
| Metric | Value |
|---|---|
| Market Capitalization | ₹11,820.76 Cr |
| Current Share Price | ₹1,693 (as of Feb 2026) |
| P/E (TTM) | 75.84 |
| P/B (TTM) | 36.96 |
| Book Value (TTM) | ₹45.84 |
| EPS (TTM) | ₹22.34 |
| ROE | 62.22% |
| ROCE | 31.03% |
| Dividend Yield | 1.01% |
| Sales Growth (TTM) | 5.28% |
| Profit Growth (TTM) | 3,369.80% |
| Cash Reserves | ₹26.74 Cr |
| Debt | ₹312.10 Cr |
| Face Value | ₹2 |
Bombay Burmah Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹1,750 – ₹1,950 |
| 2027 | ₹1,850 – ₹2,100 |
| 2028 | ₹1,950 – ₹2,300 |
| 2029 | ₹2,050 – ₹2,500 |
| 2030 | ₹2,150 – ₹2,700 |
Targets assume normalization of profits, continued dividend payouts, and stable promoter control. Extreme multiples (P/B > 36x) limit upside unless sustained high ROE is proven over multiple years.
Bombay Burmah Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹1,750 | ₹1,950 |
- Current valuation (P/E 75.8x, P/B 36.9x) is among the highest in Indian equities
- Upside is limited unless FY2026 shows recurring high-margin earnings
- Risk: FY2025 profits were non-recurring—markets may de-rate if FY2026 reverts to normal
Bombay Burmah Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹1,850 | ₹2,100 |
- Potential support from consistent dividends (1%+ yield) and Wadia Group stability
- Any further stake monetization (e.g., in Britannia or healthcare assets) could trigger short-term rallies
- However, low sales growth (5.3%) caps long-term re-rating
Bombay Burmah Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹1,950 | ₹2,300 |
- If ROE sustains above 30%, the market may justify a premium valuation
- But high P/B implies most asset value is already priced in
- Execution risk: Diversified businesses lack clear synergy or scale advantage
Bombay Burmah Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹2,050 | ₹2,500 |
- Long-term appeal lies in land bank and investment portfolio, not operations
- Any corporate restructuring or demerger could unlock value
- However, no such plans have been announced publicly
Bombay Burmah Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹2,150 | ₹2,700 |
- ₹2,700 is achievable only if ROE remains above 40% consistently and debt is reduced
- Realistically, the stock is likely to trade in a narrow band due to low liquidity and retail concentration
- Targets beyond ₹3,000 are not credible without major strategic shifts
Bombay Burmah: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters | 74.05% |
| Public (Retail) | 15.11% |
| Foreign Institutions (FII) | 9.42% |
| Domestic Institutions (DII) | 1.42% |
| Others | 0% |
Promoter holding is stable with no pledging, reflecting tight family control.
Bombay Burmah: Strengths vs Risks
Strengths
- Extremely high ROE (62%)—though partly inflated by one-time gains
- Strong promoter backing (Wadia Group legacy)
- Consistent dividend payer (1.01% yield, ~77% payout ratio in FY2025)
- Asset-rich with valuable land and investment holdings
Risks
- P/B of 36.96x is unsustainable for a slow-growth business
- Profit growth is misleading—driven by non-operational items
- High debt (₹312 Cr) relative to cash (₹27 Cr)
- Low sales growth (5.3%) indicates stagnant core operations
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | High |
| Time Horizon | Long-term (5+ years) |
| Volatility | Moderate to High |
| Dividend/Income | Low but consistent (1.01%) |
| Ideal Investor | Value investor betting on asset monetization or corporate action, not operational growth |
FAQs
A: A realistic range is ₹1,750 to ₹1,950, assuming no further one-time gains and modest operational performance.
A: Credible estimates suggest ₹2,150 to ₹2,700 by 2030—if ROE normalizes and asset value is maintained.
A: Reliable forecasts beyond 2030 are not possible. Such long-term projections are speculative and not based on verifiable data.
A: The Wadia family controls the company through promoters holding 74.05% of shares.
A: Yes. It has a consistent dividend history with a current yield of 1.01% and has recently declared an interim dividend of ₹17/share (850% of face value).
A: The surge was driven by exceptional FY2025 profits (up 3,369%), largely from one-time asset sales and stake monetizations, not recurring business growth.
A: No. It carries ₹312.10 crore in debt, significantly higher than its cash reserves of ₹26.74 crore.
Final Verdict
Bombay Burmah Trading Corporation is a legacy conglomerate with high reported returns, but its recent profit spike is not sustainable. While its asset base and promoter strength offer downside protection, the extreme valuation (P/B > 36x) makes it vulnerable to de-rating if earnings normalize. Our 2026–2030 price targets (₹1,750–₹2,700) reflect cautious optimism—rewarding heritage but capping upside due to operational stagnation. Suitable only for investors who understand the difference between accounting profits and economic earnings.
Disclaimer: This article is for educational purposes only. It is not investment advice. Please consult a SEBI-registered advisor before making any investment decision.
Sources
- Screener.in – Bombay Burmah Trading Corporation Ltd (Consolidated Financials)
- Finology.in – Company Essentials
- BSE India – Shareholding Pattern (Q3 FY2026)
- BBTC Investor Presentation – Q2 FY2026
- Annual Report FY2025 – Bombay Burmah Trading Corporation
