BSE: 512195
BENTLEY COMMERCIAL ENTERPRISES
Operates as a single-segment investment holding entity with no operating business of its own. Revenue from operations was Rs 0.48 lakhs in FY26, with virtually all income coming from dividends (Rs 559.32 lakhs) and interest (Rs 128.85 lakhs) on a portfolio of quoted and unquoted securities. Non-current investments stood at Rs 11,634.37 lakhs at FY26 year-end, against total assets of Rs 13,926.75 lakhs. The company holds no debt borrowings, has no subsidiaries, and reported a profit after tax of Rs 481.93 lakhs for FY26. Movements in the market value of its investment portfolio drive Other Comprehensive Income, which swung to a Rs 2,479.33 lakhs loss for 9M FY26 from a Rs 3,933.80 lakhs gain a year earlier. The entity filed its 40th annual general meeting in September 2025 and is listed on BSE. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Dividend income, Interest income, Revenue from operations. Investment holding entity with no operating business
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | (0) |
| margin % | (3464.4) | (3519.6) | (3543.5) | (6806.2) | (7954.2) |
| Owners' profit | 2 | 2 | 14 | 5 | 5 |
| EPS, as reported (₹) | 19.05 | 19.15 | 139.49 | 48.10 | 48.39 |
| ROE % · ROCE % | 1.6 · 2.2 | 2.1 · 2.8 | 10.0 · 13.3 | 2.8 · 3.8 | 3.5 · 4.7 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (2) | 1 | (5) | (2) | (2) |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 2 | 2 | (0) | 3 | 2 | 2 | 1 |
| Net profit | 2 | 1 | 1 | (0) | 2 | 1 | 1 | 0 |
| EPS (₹) | 20.89 | 14.03 | 13.81 | (0.19) | 21.43 | 12.72 | 14.42 | 3.97 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 17,213 | 28.2 | 11.57 | 16.5 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 8,821 | 101.2 | 29.48 | 5.6 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,059 | 16.9 | 2.36 | 11.9 | 13.8 | 14.8 | 26.2 | 68.9 |
| NIRLON LTD | 5,677 | 16.4 | 12.12 | — | 73.8 | 18.1 | — | 79.4 |
| SMARTWORKS COWORKING SP L | 5,439 | 195.1 | 10.25 | 4.6 | 2.0 | 0.3 | — | 65.8 |
| QUESS CORP LIMITED | 4,838 | 19.1 | 4.14 | 14.5 | 19.0 | 14.4 | 7.1 | 2.6 |
| INOX GREEN ENERGY SER LTD | 4,250 | 34.0 | 2.48 | 25.3 | 6.0 | 9.0 | — | 131.6 |
| INDIQUBE SPACES LIMITED | 3,731 | — | 7.25 | — | (20.7) | (2.5) | — | 67.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | 4.7 | 3.4 | 45 of 103 | 57% |
| ROE | 3.5 | 2.9 | 53 of 113 | 54% |
| Debt / Equity | 0.0 | 0.1 | 1 of 91 | 77% |
| Profit growth | 2236.8 | 5.2 | 4 of 110 | 97% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 16 Oct 2026 · Reg 74(5) Demat Certificate Filed with BSE for Q2 FY26 | compliance | minimal | — | — |
| 5 Oct 2026 · 41st AGM voting results: all 3 resolutions passed with 100% assent | compliance | minimal | — | — |
| 30 Sept 2026 · 41st AGM concluded; 3 resolutions including related party transactions tabled | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 and H1 FY26 results | compliance | minimal | — | — |
| 11 Sept 2026 · Addendum to AGM Notice - Material Related Party Loan of Rs 50 Cr | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Newspaper Publication of Notice of 41st Annual General Meeting | compliance | minimal | — | — |
| 7 Sept 2026 · 41st AGM notice on Sept 30, 2026; FY26 annual report web link shared | board shareholder meetings | low | — | — |
| 7 Sept 2026 · 41st AGM notice seeks approval for Rs 50 crore related party loan | results | high | — | — |
| 27 Aug 2026 · 41st AGM on Sep 30 2026; record date fixed as Sep 23 2026 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Book closure Sep 24-30 for 41st AGM; record date Sep 23 | corporate actions | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.