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Last Updated: April 2, 2026, 2:43 am
Author: Getaka|Social: XLinkedIn

BPL Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹14.80Overvalued by 66.67%vs CMP ₹44.40

P/E (4.3) × ROE (8.2%) × BV (₹51.50) × DY (2.00%)

₹18.53Overvalued by 58.27%vs CMP ₹44.40
MoS: -139.6% (Negative)Confidence: 56/100 (Moderate)Models: 1 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹10.1328%Over (-77.2%)
Graham NumberEarnings₹9.6320%Over (-78.3%)
Net Asset ValueAssets₹51.3213%Under (+15.6%)
EV/EBITDAEnterprise₹8.9611%Over (-79.8%)
Earnings YieldEarnings₹0.809%Over (-98.2%)
ROCE CapitalReturns₹39.319%Over (-11.5%)
Revenue MultipleRevenue₹23.8310%Over (-46.3%)
Consensus (7 models)₹18.53100%Overvalued
Key Drivers: EPS CAGR -31.6% drags value — could be higher if earnings stabilize. | Wide model spread (₹1–₹51) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -31.6%

*Investments are subject to market risks

Investment Snapshot

56
BPL Ltd scores 56/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 7.9% WeakROE 8.2% AverageD/E 0.11 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money60/100 · Moderate
FII holding up 0.04% (6mo) Slight increasePromoter holding at 63.1% Stable
Earnings Quality65/100 · Strong
OPM expanding (7% → 19%) Improving
Quarterly Momentum40/100 · Moderate
Revenue (4Q): +9% YoY GrowingProfit (4Q): -175% YoY DecliningOPM: 2.8% (down 20.5% YoY) Margin pressure
Industry Rank65/100 · Strong
P/E 4.3 vs industry 60.2 Cheaper than peersROCE 7.9% vs industry 14.9% Below peers3Y sales CAGR: 27% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:43 am

Market Cap 218 Cr.
Current Price 44.4
Intrinsic Value₹18.53
High / Low 100/37.6
Stock P/E4.32
Book Value 51.5
Dividend Yield0.00 %
ROCE7.85 %
ROE8.15 %
Face Value 10.0
PEG Ratio-0.14

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for BPL Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
BPL Ltd 218 Cr. 44.4 100/37.64.32 51.50.00 %7.85 %8.15 % 10.0
Focus Lighting & Fixtures Ltd 422 Cr. 62.5 126/57.1116 21.40.00 %14.0 %11.3 % 2.00
Elin Electronics Ltd 523 Cr. 105 234/93.612.7 1120.00 %6.97 %4.38 % 5.00
CWD Ltd 599 Cr. 270 425/16270.3 47.90.00 %9.51 %5.78 % 10.0
IKIO Lighting Ltd 882 Cr. 114 259/10446.4 74.50.00 %8.22 %5.55 % 10.0
Industry Average14,072.20 Cr923.2860.24124.510.23%14.89%11.51%6.44

All Competitor Stocks of BPL Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 11.8612.8815.3414.4521.4914.4216.1819.3920.9219.3218.7419.4819.84
Expenses 9.6011.4913.8311.3411.5112.2315.6714.5616.0618.3716.8616.1319.29
Operating Profit 2.261.391.513.119.982.190.514.834.860.951.883.350.55
OPM % 19.06%10.79%9.84%21.52%46.44%15.19%3.15%24.91%23.23%4.92%10.03%17.20%2.77%
Other Income 0.370.208.510.130.200.153.999.390.060.13-17.330.370.16
Interest 0.320.390.330.180.140.150.190.260.290.161.290.380.30
Depreciation 0.550.500.230.470.480.510.520.530.540.610.600.600.61
Profit before tax 1.760.709.462.599.561.683.7913.434.090.31-17.342.74-0.20
Tax % 0.00%0.00%78.75%0.00%0.00%0.00%91.29%0.00%0.00%0.00%0.46%0.00%0.00%
Net Profit 1.760.702.012.599.561.680.3213.434.090.31-17.422.74-0.20
EPS in Rs 0.360.140.410.531.950.340.072.740.840.06-3.560.56-0.04

Last Updated: January 2, 2026, 5:01 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 4:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4524409412414095443852667877
Expenses 532341116114137111413846526571
Operating Profit -81-1-22103-1620715136
OPM % -18%3%-2%-24%8%2%-17%5%0%13%22%16%8%
Other Income 14916801532111105-8-16
Interest 0014222221122
Depreciation 1201001222222
Profit before tax 481453234-17-1813170-15
Tax % 3,061%0%159%1%68%75%-122%3,874%-69%57%20%17%
Net Profit -1278-853714-21136130-15
EPS in Rs -26.041.59-1.7310.861.500.190.77-4.392.651.172.750.08-3.01
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)106.30%-200.00%762.50%-86.79%-85.71%300.00%-625.00%161.90%-53.85%116.67%-100.00%
Change in YoY Net Profit Growth (%)0.00%-306.30%962.50%-849.29%1.08%385.71%-925.00%786.90%-215.75%170.51%-216.67%

BPL Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:-4%
3 Years:27%
TTM:10%
Compounded Profit Growth
10 Years:36%
5 Years:93%
3 Years:72%
TTM:119%
Stock Price CAGR
10 Years:12%
5 Years:35%
3 Years:7%
1 Year:-29%
Return on Equity
10 Years:5%
5 Years:8%
3 Years:12%
Last Year:26%

Last Updated: September 5, 2025, 1:20 am

Balance Sheet

Last Updated: December 4, 2025, 1:04 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 49494949494949494949494949
Reserves 212921109116117121100117187201201203
Borrowings 1701701762469121310298106
Other Liabilities 291856196189192195194190191189185187
Total Liabilities 268266301377360367377355366429447443546
Fixed Assets 151212108824232124252726
CWIP 0000040000300
Investments 13621215656565656175240240240240
Other Assets 117233269312296299296277170165178176280
Total Assets 268266301377360367377355366429447443546

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 7-121-20-604-781-0689
Cash from Investing Activity + 10122145715-4-12044-9-11
Cash from Financing Activity + -21-0614-2020-1-4-106-2
Net Cash Flow -41-111-1-9-30-105-5
Free Cash Flow 17-115-7-418-11-31-12157
CFO/OP -84%-19,495%2,306%272%37%-215%-52%56%-512%96%52%71%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-178.00-169.00-177.00-46.004.00-6.00-28.00-11.00-10.005.006.005.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 281,7661,0544528513813112597118111
Inventory Days 2053571015444337280525851
Days Payable 1182471336850496113561756792
Cash Conversion Cycle -701,57397878324510671437410870
Working Capital Days -11,824844-288-157-114-256-555-637-636-491-377
ROCE %-0%1%1%1%6%3%-9%1%6%7%7%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 63.13%63.13%63.13%63.13%63.13%63.13%63.13%63.13%63.13%63.13%63.13%63.13%
FIIs 0.06%0.01%0.00%0.03%0.01%0.16%0.00%0.01%0.03%0.00%0.03%0.07%
Public 36.81%36.85%36.86%36.83%36.86%36.70%36.87%36.86%36.84%36.87%36.83%36.80%
No. of Shareholders 41,42240,80440,25237,97539,45042,39743,42245,05045,83942,95945,63845,473

Shareholding Pattern Chart

No. of Shareholders

BPL Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 16
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -0.042.7614.253.37-2.85
Diluted EPS (Rs.) -0.042.7614.253.37-2.85
Cash EPS (Rs.) 0.483.141.382.99-1.63
Book Value[Excl.RevalReserv]/Share (Rs.) 50.9150.9475.7061.5311.74
Book Value[Incl.RevalReserv]/Share (Rs.) 50.9150.9475.7061.5311.74
Revenue From Operations / Share (Rs.) 16.0013.5610.667.818.26
PBDIT / Share (Rs.) 14.454.013.212.263.22
PBIT / Share (Rs.) 13.983.612.871.923.12
PBT / Share (Rs.) 0.033.442.551.562.91
Net Profit / Share (Rs.) 0.012.741.032.65-1.73
NP After MI And SOA / Share (Rs.) 0.052.741.032.65-2.85
PBDIT Margin (%) 90.3029.5930.1428.9138.95
PBIT Margin (%) 87.3826.6026.9024.5337.74
PBT Margin (%) 0.2125.3923.9520.0135.26
Net Profit Margin (%) 0.1220.189.6833.89-20.93
NP After MI And SOA Margin (%) 0.3120.189.6833.89-34.50
Return on Networth / Equity (%) 0.095.372.147.79-24.26
Return on Capital Employeed (%) 16.874.353.562.896.47
Return On Assets (%) 0.042.170.842.41-4.81
Long Term Debt / Equity (X) 0.080.080.090.010.11
Total Debt / Equity (X) 0.110.120.810.060.11
Asset Turnover Ratio (%) 0.120.100.090.000.00
Current Ratio (X) 0.260.270.210.342.77
Quick Ratio (X) 0.240.250.190.322.68
Inventory Turnover Ratio (X) 15.5414.445.990.000.00
Dividend Payout Ratio (NP) (%) 0.000.010.000.000.00
Dividend Payout Ratio (CP) (%) 0.000.010.000.000.00
Earning Retention Ratio (%) 0.0099.990.000.000.00
Cash Earning Retention Ratio (%) 0.0099.990.000.000.00
Interest Coverage Ratio (X) 32.8224.4810.226.4015.75
Interest Coverage Ratio (Post Tax) (X) 31.7317.704.298.50-7.46
Enterprise Value (Cr.) 511.43585.09587.24473.00299.54
EV / Net Operating Revenue (X) 6.538.8111.2512.387.42
EV / EBITDA (X) 7.2329.7637.3142.8119.05
MarketCap / Net Operating Revenue (X) 4.456.475.018.053.13
Retention Ratios (%) 0.0099.980.000.000.00
Price / BV (X) 1.401.721.111.852.20
Price / Net Operating Revenue (X) 4.456.475.018.053.13
EarningsYield 0.000.030.010.04-0.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

BPL Ltd. is a Public Limited Listed company incorporated on 16/04/1963 and has its registered office in the State of Kerala, India. Company's Corporate Identification Number(CIN) is L28997KL1963PLC002015 and registration number is 002015. Currently company belongs to the Industry of Consumer Electronics. Company's Total Operating Revenue is Rs. 78.36 Cr. and Equity Capital is Rs. 48.98 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Consumer ElectronicsBPL Works, Palakkad Kerala 678007Contact not found
Management
NamePosition Held
Mr. Ajit G NambiarChairman & Managing Director
Mrs. Anju ChandrasekharDirector
Mr. Nowroz J CamaDirector
Dr. Chandan JunejaDirector
Mr. Sukumar RangachariDirector
Mr. C K SabareeshanDirector

FAQ

What is the intrinsic value of BPL Ltd and is it undervalued?

As of 18 April 2026, BPL Ltd's intrinsic value is ₹18.53, which is 58.27% lower than the current market price of ₹44.40, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.15 %), book value (₹51.5), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of BPL Ltd?

BPL Ltd is trading at ₹44.40 as of 18 April 2026, with a FY2026-2027 high of ₹100 and low of ₹37.6. The stock is currently near its 52-week low. Market cap stands at ₹218 Cr..

How does BPL Ltd's P/E ratio compare to its industry?

BPL Ltd has a P/E ratio of 4.32, which is below the industry average of 60.24. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is BPL Ltd financially healthy?

Key indicators for BPL Ltd: ROCE of 7.85 % is on the lower side compared to the industry average of 14.89%. Dividend yield is 0.00 %.

Is BPL Ltd profitable and how is the profit trend?

BPL Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹78 Cr. Compared to ₹13 Cr in Mar 2022, the net profit shows a declining trend.

Does BPL Ltd pay dividends?

BPL Ltd has a dividend yield of 0.00 % at the current price of ₹44.40. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in BPL Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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