diff --git a/erpnext/stock/doctype/serial_and_batch_bundle/serial_and_batch_bundle.py b/erpnext/stock/doctype/serial_and_batch_bundle/serial_and_batch_bundle.py
index dd38e1127f87..a4fb5324ee64 100644
--- a/erpnext/stock/doctype/serial_and_batch_bundle/serial_and_batch_bundle.py
+++ b/erpnext/stock/doctype/serial_and_batch_bundle/serial_and_batch_bundle.py
@@ -1145,15 +1145,16 @@ def add_serial_batch_ledgers(entries, child_row, doc, warehouse) -> object:
 	if isinstance(entries, str):
 		entries = parse_json(entries)
 
-	if doc and isinstance(doc, str):
-		parent_doc = parse_json(doc)
+	parent_doc = doc
+	if parent_doc and isinstance(parent_doc, str):
+		parent_doc = parse_json(parent_doc)
 
 	if frappe.db.exists("Serial and Batch Bundle", child_row.serial_and_batch_bundle):
-		doc = update_serial_batch_no_ledgers(entries, child_row, parent_doc, warehouse)
+		sb_doc = update_serial_batch_no_ledgers(entries, child_row, parent_doc, warehouse)
 	else:
-		doc = create_serial_batch_no_ledgers(entries, child_row, parent_doc, warehouse)
+		sb_doc = create_serial_batch_no_ledgers(entries, child_row, parent_doc, warehouse)
 
-	return doc
+	return sb_doc
 
 
 def create_serial_batch_no_ledgers(entries, child_row, parent_doc, warehouse=None) -> object:
@@ -1177,6 +1178,7 @@ def create_serial_batch_no_ledgers(entries, child_row, parent_doc, warehouse=Non
 			"type_of_transaction": type_of_transaction,
 			"posting_date": parent_doc.get("posting_date"),
 			"posting_time": parent_doc.get("posting_time"),
+			"company": parent_doc.get("company"),
 		}
 	)
 
diff --git a/erpnext/stock/doctype/serial_and_batch_bundle/test_serial_and_batch_bundle.py b/erpnext/stock/doctype/serial_and_batch_bundle/test_serial_and_batch_bundle.py
index d74d657f3859..478cfa4d1c79 100644
--- a/erpnext/stock/doctype/serial_and_batch_bundle/test_serial_and_batch_bundle.py
+++ b/erpnext/stock/doctype/serial_and_batch_bundle/test_serial_and_batch_bundle.py
@@ -8,6 +8,9 @@
 from frappe.utils import add_days, add_to_date, flt, nowdate, nowtime, today
 
 from erpnext.stock.doctype.item.test_item import make_item
+from erpnext.stock.doctype.serial_and_batch_bundle.serial_and_batch_bundle import (
+	add_serial_batch_ledgers,
+)
 from erpnext.stock.doctype.stock_entry.stock_entry_utils import make_stock_entry
 
 
@@ -420,6 +423,43 @@ def test_auto_delete_draft_serial_and_batch_bundle(self):
 		ste.delete()
 		self.assertFalse(frappe.db.exists("Serial and Batch Bundle", bundle_doc.name))
 
+	def test_serial_and_batch_bundle_company(self):
+		from erpnext.stock.doctype.purchase_receipt.test_purchase_receipt import make_purchase_receipt
+
+		item = make_item(
+			properties={
+				"has_serial_no": 1,
+				"serial_no_series": "TT-SER-VAL-.#####",
+			}
+		)
+
+		pr = make_purchase_receipt(
+			item_code=item,
+			warehouse="_Test Warehouse - _TC",
+			qty=3,
+			rate=500,
+			do_not_submit=True,
+		)
+
+		entries = []
+		for serial_no in ["TT-SER-VAL-00001", "TT-SER-VAL-00002", "TT-SER-VAL-00003"]:
+			entries.append(frappe._dict({"serial_no": serial_no, "qty": 1}))
+
+			if not frappe.db.exists("Serial No", serial_no):
+				frappe.get_doc(
+					{
+						"doctype": "Serial No",
+						"serial_no": serial_no,
+						"item_code": item,
+					}
+				).insert(ignore_permissions=True)
+
+		item_row = pr.items[0]
+		item_row.type_of_transaction = "Inward"
+		item_row.is_rejected = 0
+		sn_doc = add_serial_batch_ledgers(entries, item_row, pr, "_Test Warehouse - _TC")
+		self.assertEqual(sn_doc.company, "_Test Company")
+
 
 def get_batch_from_bundle(bundle):
 	from erpnext.stock.serial_batch_bundle import get_batch_nos