MarketFriction

BSL Ltd

NSE BSL · BSE 514045 · Other Textile Products
₹118.20 -0.07%
NSE close2026-10-01
52 week range98.00 - 205.00
Market cap₹117 Cr.
P/E32.3
Price band 20% Delivery 72.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales178.69171.00156.34163.72178.06169.78155.50158.01184.34166.88147.81169.72
Expenses162.85153.11139.93148.49162.36153.54143.07145.78170.63153.76137.73155.43
Operating Profit15.8417.8916.4115.2315.7016.2412.4312.2313.7113.1210.0814.29
OPM %8.86%10.46%10.50%9.30%8.82%9.57%7.99%7.74%7.44%7.86%6.82%8.42%
Other Income0.210.130.060.510.020.130.050.390.030.020.260.12
Interest7.788.479.078.137.857.957.887.797.527.387.647.65
Depreciation4.704.424.404.404.514.484.394.264.164.214.154.58
Profit before tax3.575.133.003.213.363.940.210.572.061.55-1.452.18
Tax %29.41%23.59%16.00%28.35%24.70%22.59%-33.33%19.30%16.50%23.23%-31.72%21.10%
Net Profit2.523.922.522.312.523.050.280.471.721.18-0.991.72
EPS in Rs2.453.812.452.242.452.960.270.461.671.15-0.961.67
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales378440403437390321436472666667657669
Expenses342404373407361292396418601607608618
Operating Profit363630312929405365604951
OPM %10%8%7%7%7%9%9%11%10%9%7%8%
Other Income3434112-11110
Interest141514181817141933323030
Depreciation141617161312121118181717
Profit before tax11921-111623151134
Tax %35%35%41%25%-290%-10%28%25%25%24%13%
Net Profit761121111711824
EPS in Rs6.925.751.000.851.611.3211.1516.4310.917.932.313.53
Dividend Payout %17%21%100%0%0%0%11%9%9%10%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%15%12%1%
Compounded Profit Growth-11%10%-51%-43%
Stock Price CAGR7%13%-12%-26%
Return on Equity6%10%6%2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101010101010
Reserves576369676665687994102109110
Borrowings144139177211172161161186346437421439
Other Liabilities424270477884497789688681
Total Liabilities254255326335327321288352538618627640
Fixed Assets94106111115100897874229231219231
CWIP3241100700617
Investments000000000000
Other Assets156146211220226231210270309386402393
Total Assets254255326335327321288352538618627640
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity24441137203017319-395749
Cash from Investing Activity-14-26-24-17-0-2-1-15-160-20-11-39
Cash from Financing Activity-11-1813-21-20-27-151314160-46-10
Net Cash Flow000-0-02-00-0-0-00
Free Cash Flow1118-1321202915-13-141-604610
CFO/OP67%127%38%128%69%104%52%17%43%-59%94%100%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days575772787065797575797279
Inventory Days136128177206190266272244305206237216
Days Payable2824682576102488276244437
Cash Conversion Cycle165162181260184229303237304260264258
Working Capital Days181615161313423829211912
ROCE %9%12%10%5%6%7%8%12%12%9%8%6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters56.72%56.72%56.72%56.72%56.72%56.72%56.72%56.72%56.72%56.72%56.72%56.72%
FIIs0.00%0.00%0.00%0.00%0.03%0.16%0.02%0.02%0.00%0.02%0.00%0.00%
DIIs2.30%2.30%2.30%2.30%2.22%1.61%1.61%1.61%1.61%1.61%1.61%1.61%
Public41.00%40.98%40.99%40.99%41.02%41.52%41.64%41.64%41.67%41.64%41.66%41.68%
No. of Shareholders9,7049,9029,8499,88112,47812,77712,72612,81912,64611,79511,71311,732

Fundamentals

Market Cap₹ 117 Cr.
Current Price₹ 118
Stock P/E32.3
Book Value₹ 117
ROCE5.99 %
ROE1.85 %
Dividend Yield0.68 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)1%
Compounded Profit Growth (TTM)-43%
Standalone figures.
Valuation
Market capRs 122 Cr
Enterprise valueRs 561 Cr
P/E (TTM)33.51x
Price to book1.01x
Price to sales0.18x
EV / EBITDA10.86x
EV / EBIT16.24x
EV / sales0.84x
Price to cash flow2.46x
Earnings yield2.98%
P/E, 3-year average26.62x
P/B, 3-year average1.26x
P/E, 5-year average19.85x
P/B, 5-year average1.31x
Profitability
Operating margin (excl. other income)7.48%
Operating margin (incl. other income)7.59%
EBITDA margin7.72%
Pre-tax margin0.65%
Net profit margin0.54%
Net margin, latest quarter1.01%
ROE1.99%
ROCE6.01%
ROA0.38%
ROE, 3-year average6.46%
ROCE, 3-year average7.79%
ROA, 3-year average1.21%
ROE, 5-year average10.12%
ROCE, 5-year average9.28%
ROA, 5-year average2.20%
ROIC (approx.)5.39%
Tax rate12.82%
Other income / net worth0.58%
Growth
Sales growth (latest year)-1.50%
Profit growth (latest year)-70.83%
Sales CAGR, 3 years11.68%
Sales CAGR, 5 years15.37%
Profit CAGR, 3 years-47.98%
Profit CAGR, 5 years11.84%
Sales growth QoQ14.82%
Sales growth YoY (latest quarter)7.41%
Profit growth YoY (latest quarter)265.96%
Per share
EPS (TTM)Rs 3.53
EPS (latest year)Rs 2.31
EPS (latest quarter)Rs 1.67
EPS, 3-year averageRs 7.05
EPS, 5-year averageRs 9.75
Book value per shareRs 116.51
Sales per shareRs 649.77
Cash flow per shareRs 48.02
Free cash flow per shareRs 9.72
Dividend per share, 3-year averageRs 0.90
Dividend per share, 5-year averageRs 1.12
Dividends
Dividend payout, 3-year average9.61%
Dividend payout, 5-year average9.76%
Efficiency
Asset turnover1.03x
Fixed asset turnover2.85x
Inventory turnover2.05x
Inventory days178 days
Debtor days79 days
Debtors turnover4.60x
Creditor days37 days
Cash conversion cycle258 days
Working capital days12 days
Leverage
Total debtRs 439 Cr
Cash and bankRs 0 Cr
Net debtRs 439 Cr
Debt to equity3.66x
Net debt / EBITDA8.50x
Interest coverage1.14x
Owners' fund to total sources18.73%
Debt to assets68.63%
Cash flow
Cash from Operating Activity (latest year)Rs 49 Cr
Cash from Investing Activity (latest year)Rs -39 Cr
Cash from Financing Activity (latest year)Rs -10 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 10 Cr
FCFE (approx.: FCF + change in debt)Rs 28 Cr
Cash from ops / profit, 5 years1.82x
Sales to cash flow13.29x
Statement figures
Net sales (TTM)Rs 669 Cr
Net sales (latest year)Rs 657 Cr
Sales (latest quarter)Rs 170 Cr
Operating profit excl. other income (latest year)Rs 49 Cr
Operating profit (latest quarter)Rs 14 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 52 Cr
PBDT (TTM)Rs 21 Cr
Profit before tax (TTM)Rs 4 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 17 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 30 Cr
Cost of goods sold (latest year)Rs 456 Cr
Total expenditure (latest year)Rs 608 Cr
Total income (latest year)Rs 658 Cr
Share capitalRs 10 Cr
ReservesRs 110 Cr
Shareholders' fundsRs 120 Cr
Total assetsRs 640 Cr
Net blockRs 231 Cr
Capital work in progressRs 17 Cr
ReceivablesRs 143 Cr
InventoryRs 222 Cr
Other liabilitiesRs 81 Cr
Shares outstanding (crore)1.03
Ownership
Promoter holding56.72% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 33.5 is at the 68th percentile of its own 9.4-year range (median 21.6, low 8.1, high 97.2).
P/B 1.01 is at the 45th percentile (median 1.07).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBSLNifty 50Difference
1 week-2.2%-2.8% +0.5 pts
1 month-4.1%-6.8% +2.7 pts
3 months-8.5%-7.6% -0.9 pts
6 months+15.0%+0.4% +14.6 pts
1 year-27.0%-9.9% -17.0 pts
2 years-46.4%-13.6% -32.8 pts
3 years-31.4%+14.2% -45.6 pts
5 years+87.5%+27.9% +59.6 pts

Red flags

F-score 4 of 8
explainLow interest cover Interest cover 1.1x in 2026
lookAuditor change Auditor change 2026-05-19: BSL Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹170 Cr +7.4% vs Jun 2025. Net profit ₹2 Cr +266.0%.
Against our estimate for Jun 2026: sales +11.1%, profit +124.2% beat. Our estimate for Sep 2026: sales Rs 187 Cr, profit Rs 2 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-08-21Dividend - Re 0.80 Per Share
2024-07-30Annual General Meeting/Dividend - Re 1 Per Share
2023-09-21Annual General Meeting/Dividend - Rs 1.50 Per Share
2022-09-20Annual General Meeting/Dividend - Rs 1.20 Per Share
2021-09-20 Annual General Meeting
2020-09-21 Annual General Meeting
2019-09-04 Annual General Meeting
2018-09-19 Annual General Meeting/Dividend- Re 1 Per Share
2017-09-18 Annual General Meeting/Dividend - Rs 1.20 Per Share
2016-09-15 Annual General Meeting/ Dividend - Rs 1.20/- Per Share
2015-09-11 Annual General Meeting/ Dividend - Rs 1.20 Per Share
2014-09-11Annual General Meeting / Dividend - Re 1/- Per Share
2013-09-11Annual General Meeting
2012-09-06Annual General Meeting
2011-08-29Annual General Meeting And Dividend Re.0.75 Per Share
2011-02-17Interim Dividend-Re.0.75 Per Share (Purpose Revised)
2010-09-02Annual General Meeting And Dividend Re.0.75 Per Share
2009-09-10Annual General Meeting
2008-09-04Annual General Meeting
2007-09-13Agm/Dividend-5%
2006-09-06Agm/Dividend-10%
DateTypeWhat it says
2026-09-21General UpdatesRe-Lodgement of Transfer Requests of Physical Shares
2026-09-17General UpdatesAcquisition in Bhadla Minigrid Solar 5 Private Limited, a special purpose vehicle established for owning and operating a captive power plant
2026-09-03Credit RatingCredit Rating
2026-09-02Shareholder meetingVoting results.
2026-09-01Shareholder meetingProceedings of Annual General Meeting held on September 01, 2026
2026-08-22Change in ManagementChange in Management
2026-08-22Board meeting outcomeOutcome of Board Meeting held on August 22, 2026.
2026-08-19UpdatesRe-lodgement of Transfer Requests of Physical Shares.
2026-08-14General UpdatesGeneral Updates
2026-08-11Press ReleaseA press release dated August 11, 2026, titled "Press Release of the company.".
2026-08-11Investor PresentationInvestor Presentation
2026-08-11Board meeting outcomeBSL Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-28General UpdatesGeneral Updates
2026-07-28Shareholder meetingNotice of Annual General Meeting to be held on September 01, 2026
2026-07-15UpdatesIntimation of AGM Date, Cut-Off Date, E-Voting Dates, Book Closure Date..
2026-07-15General UpdatesIntimation for 55th Annual General Meeting
2026-07-15General UpdatesRe-lodgement of Transfer Requests of Physical Shares
2026-07-01General UpdatesIntimation sent to Shareholders of the company holding shares in physical mode regarding updation of their KYC details.
2026-06-23Disclosure under SEBI TakeovBSL Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acqui...
2026-06-23Disclosure under SEBI TakeovNivedan Churiwal has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial ...
2026-06-12General UpdatesRe-Lodgement Of Transfer Of Physical Securities
2026-05-20UpdatesRe-lodgement of Transfer Requests of Physical Shares.
2026-05-19Press ReleaseA press release dated May 19, 2026, titled "Press Release of the company.".
2026-05-19Investor PresentationInvestor Presentation
2026-05-19General UpdatesAppointment and Re-appointment of Internal Auditor and Cost Auditor respectively.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-05-17CESTATBSL LTD ---VS.--- UDAIPUR
2019-05-13CESTATBSL LTD ---VS.--- UDAIPUR
2019-04-29NCLATVistrat Real Estates Pvt Ltd. VS Tata Steel BSL Ltd.
2019-04-29CESTATBSL LTD ---VS.--- UDAIPUR
2019-04-22NCLATVistrat Real Estates Pvt Ltd. VS Tata Steel BSL Ltd.
2019-04-08NCLATVistrat Real Estates Pvt Ltd. VS Tata Steel BSL Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of BSL Ltd?

BSL Ltd (BSL) has a market capitalisation of Rs 117 Cr. at the 2026-10-01 close.

What is the P/E ratio of BSL Ltd?

BSL Ltd trades at a P/E of 32.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were BSL Ltd's latest quarterly results?

In the Jun 2026 quarter, BSL Ltd sales was Rs 170 Cr (+7.4% vs Jun 2025) and net profit was Rs 2 Cr.

What is the 52-week high and low of BSL Ltd?

The 52-week high is Rs 205.00 and the 52-week low is Rs 98.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03