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Last Updated: April 2, 2026, 2:44 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 514045 | NSE: BSL

BSL Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹207.36Undervalued by 80.31%vs CMP ₹115.00

P/E (32.4) × ROE (6.8%) × BV (₹117.00) × DY (0.70%)

₹209.69Undervalued by 82.34%vs CMP ₹115.00
MoS: +45.2% (Strong)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹164.9329%Under (+43.4%)
Graham NumberEarnings₹96.6721%Over (-15.9%)
Net Asset ValueAssets₹116.959%Fair (+1.7%)
EV/EBITDAEnterprise₹178.3512%Under (+55.1%)
Earnings YieldEarnings₹35.509%Over (-69.1%)
ROCE CapitalReturns₹700.7312%Under (+509.3%)
Revenue MultipleRevenue₹325.027%Under (+182.6%)
Consensus (7 models)₹209.69100%Undervalued
Key Drivers: EPS CAGR -20.5% drags value — could be higher if earnings stabilize. | Wide model spread (₹36–₹701) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -20.5%

*Investments are subject to market risks

Investment Snapshot

43
BSL Ltd scores 43/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health41/100 · Moderate
ROCE 7.7% WeakROE 6.8% AverageD/E 1.91 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 56.7% Stable
Earnings Quality60/100 · Moderate
OPM stable around 10% SteadyWorking capital: 19 days (improving) Efficient
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 0% YoY FlatProfit (4Q): -51% YoY Declining
Industry Rank20/100 · Weak
P/E 32.4 vs industry 12.7 Premium to peersROCE 7.7% vs industry 16.1% Below peersROE 6.8% vs industry 21.2% Below peers3Y sales CAGR: 15% Moderate

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, 2:44 am

Market Cap 118 Cr.
Current Price 115
Intrinsic Value₹209.69
High / Low 209/98.0
Stock P/E32.4
Book Value 117
Dividend Yield0.70 %
ROCE7.73 %
ROE6.79 %
Face Value 10.0
PEG Ratio-1.58

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

View Share Price Target for BSL Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
BSL Ltd 118 Cr. 115 209/98.032.4 1170.70 %7.73 %6.79 % 10.0
Orbit Exports Ltd 390 Cr. 147 267/13510.2 1130.00 %17.0 %13.1 % 10.0
Donear Industries Ltd 438 Cr. 84.2 130/76.711.0 49.10.24 %13.5 %14.5 % 2.00
Siyaram Silk Mills Ltd 2,150 Cr. 474 850/43310.4 2992.53 %20.4 %16.4 % 2.00
Alok Industries Ltd 6,182 Cr. 12.4 23.5/11.1 42.30.00 %4.76 %% 1.00
Industry Average1,855.60 Cr130.1012.74114.590.45%16.06%21.20%7.22

All Competitor Stocks of BSL Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 132.72107.96118.73160.42178.69171.00156.34163.72178.06169.78155.50158.01184.34
Expenses 119.5193.04103.72145.36162.85153.11139.93148.49162.36153.54143.07145.78170.63
Operating Profit 13.2114.9215.0115.0615.8417.8916.4115.2315.7016.2412.4312.2313.71
OPM % 9.95%13.82%12.64%9.39%8.86%10.46%10.50%9.30%8.82%9.57%7.99%7.74%7.44%
Other Income 0.190.10-1.840.360.210.130.060.510.020.130.050.390.03
Interest 4.105.414.957.457.788.479.078.137.857.957.887.797.52
Depreciation 2.752.722.534.734.704.424.404.404.514.484.394.264.16
Profit before tax 6.556.895.693.243.575.133.003.213.363.940.210.572.06
Tax % 22.60%22.64%33.74%29.63%29.41%23.59%16.00%28.35%24.70%22.59%-33.33%19.30%16.50%
Net Profit 5.075.333.772.272.523.922.522.312.523.050.280.471.72
EPS in Rs 4.935.183.662.212.453.812.452.242.452.960.270.461.67

Last Updated: January 2, 2026, 4:29 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 4:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 338380378440403437390321436472666667665
Expenses 304342342404373407361292396418601607613
Operating Profit 34383636303129294053656051
OPM % 10%10%10%8%7%7%7%9%9%11%10%9%8%
Other Income 223434112-1110
Interest 17141415141818171419333231
Depreciation 15201416171613121211181817
Profit before tax 4611921-11162315114
Tax % 13%-28%35%35%41%25%-290%-10%28%25%25%24%
Net Profit 3776112111171184
EPS in Rs 3.266.996.925.751.000.851.611.3211.1516.4310.917.933.55
Dividend Payout % 31%17%17%21%100%0%0%0%11%9%9%10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)133.33%0.00%-14.29%-83.33%0.00%100.00%-50.00%1000.00%54.55%-35.29%-27.27%
Change in YoY Net Profit Growth (%)0.00%-133.33%-14.29%-69.05%83.33%100.00%-150.00%1050.00%-945.45%-89.84%8.02%

BSL 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:6%
5 Years:11%
3 Years:15%
TTM:-1%
Compounded Profit Growth
10 Years:1%
5 Years:36%
3 Years:-11%
TTM:-44%
Stock Price CAGR
10 Years:14%
5 Years:47%
3 Years:13%
1 Year:-21%
Return on Equity
10 Years:7%
5 Years:10%
3 Years:12%
Last Year:7%

Last Updated: September 5, 2025, 1:25 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 10101010101010101010101010
Reserves 57576369676665687994102109110
Borrowings 142144139177211172161161186346437421441
Other Liabilities 53424270477884497789688699
Total Liabilities 261254255326335327321288352538618627660
Fixed Assets 10794106111115100897874229231219217
CWIP 03241100700619
Investments 0000000000000
Other Assets 154156146211220226231210270309386402425
Total Assets 261254255326335327321288352538618627660

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3224441137203017319-3957
Cash from Investing Activity + -4-14-26-24-17-0-2-1-15-160-20-11
Cash from Financing Activity + -27-11-1813-21-20-27-151314160-46
Net Cash Flow 0000-0-02-00-0-0-0
Free Cash Flow 271118-1321202915-13-141-6046
CFO/OP 94%67%127%38%128%69%104%52%17%43%-59%94%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-108.00-106.00-103.00-141.00-181.00-141.00-132.00-132.00-146.00-293.00-372.00-361.00

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 535757727870657975757972
Inventory Days 163136128177206190266272244305206237
Days Payable 5128246825761024882762444
Cash Conversion Cycle 166165162181260184229303237304260264
Working Capital Days 251816151613134238292119
ROCE %10%9%12%10%5%6%7%8%12%12%9%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 56.72%56.72%56.72%56.72%56.72%56.72%56.72%56.72%56.72%56.72%56.72%56.72%
FIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.03%0.16%0.02%0.02%0.00%0.02%
DIIs 2.29%2.29%2.30%2.30%2.30%2.30%2.22%1.61%1.61%1.61%1.61%1.61%
Public 40.99%40.99%41.00%40.98%40.99%40.99%41.02%41.52%41.64%41.64%41.67%41.64%
No. of Shareholders 10,24810,0359,7049,9029,8499,88112,47812,77712,72612,81912,64611,795

Shareholding Pattern Chart

No. of Shareholders

BSL 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 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 7.9310.9116.4311.151.32
Diluted EPS (Rs.) 7.9310.9116.4311.151.32
Cash EPS (Rs.) 25.2128.6526.9822.3413.14
Book Value[Excl.RevalReserv]/Share (Rs.) 115.88109.48101.1286.7776.06
Book Value[Incl.RevalReserv]/Share (Rs.) 115.88109.48101.1286.7776.06
Dividend / Share (Rs.) 0.801.001.501.200.00
Revenue From Operations / Share (Rs.) 648.12647.53458.35423.46312.30
PBDIT / Share (Rs.) 58.6064.0852.8540.2529.32
PBIT / Share (Rs.) 41.3246.3542.2929.0617.50
PBT / Share (Rs.) 10.4114.5121.9215.531.20
Net Profit / Share (Rs.) 7.9310.9116.4311.151.32
PBDIT Margin (%) 9.049.8911.529.509.38
PBIT Margin (%) 6.377.159.226.865.60
PBT Margin (%) 1.602.244.783.660.38
Net Profit Margin (%) 1.221.683.582.630.42
Return on Networth / Equity (%) 6.839.9616.2412.851.73
Return on Capital Employeed (%) 15.6817.3916.1021.3215.38
Return On Assets (%) 1.301.813.143.260.47
Long Term Debt / Equity (X) 1.161.341.530.500.41
Total Debt / Equity (X) 3.533.883.322.081.91
Asset Turnover Ratio (%) 1.071.151.061.361.06
Current Ratio (X) 1.101.111.141.221.22
Quick Ratio (X) 0.420.500.440.540.53
Inventory Turnover Ratio (X) 2.963.371.461.610.96
Dividend Payout Ratio (NP) (%) 12.6113.747.300.000.00
Dividend Payout Ratio (CP) (%) 3.965.234.440.000.00
Earning Retention Ratio (%) 87.3986.2692.700.000.00
Cash Earning Retention Ratio (%) 96.0494.7795.560.000.00
Interest Coverage Ratio (X) 1.902.012.892.971.80
Interest Coverage Ratio (Post Tax) (X) 1.261.342.011.821.08
Enterprise Value (Cr.) 595.39605.49504.31300.53183.07
EV / Net Operating Revenue (X) 0.890.901.070.680.56
EV / EBITDA (X) 9.879.189.277.256.07
MarketCap / Net Operating Revenue (X) 0.260.250.330.260.10
Retention Ratios (%) 87.3886.2592.690.000.00
Price / BV (X) 1.461.501.531.290.43
Price / Net Operating Revenue (X) 0.260.250.330.260.10
EarningsYield 0.040.060.100.090.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

BSL Ltd. is a Public Limited Listed company incorporated on 24/10/1970 and has its registered office in the State of Rajasthan, India. Company's Corporate Identification Number(CIN) is L24302RJ1970PLC002266 and registration number is 002266. Currently Company is involved in the business activities of Weaving, manufacturing of man-made fiber and man-made mixture fabrics.. Company's Total Operating Revenue is Rs. 667.06 Cr. and Equity Capital is Rs. 10.29 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - WeavingPost Box No. 16-17, Mandpam, Bhilwara Rajasthan 311001Contact not found
Management
NamePosition Held
Mr. Arun ChuriwalChairman
Mr. Nivedan ChuriwalManaging Director
Mr. Praveen JainDirector - Operations
Mr. Ravi JhunjhunwalaDirector
Mr. Shekhar AgarwalDirector
Mr. Jagdish Chandra LaddhaIndependent Director
Mr. Hemant Kamala JalanIndependent Director
Mrs. Aarti B AggarwalIndependent Director
Mr. Kunal JhunjhunwalaIndependent Director
Mr. Avinash TodiIndependent Director

FAQ

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

As of 09 April 2026, BSL Ltd's intrinsic value is ₹209.69, which is 82.34% higher than the current market price of ₹115.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (6.79 %), book value (₹117), dividend yield (0.70 %), and 5-year EPS CAGR.

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

BSL Ltd is trading at ₹115.00 as of 09 April 2026, with a FY2026-2027 high of ₹209 and low of ₹98.0. The stock is currently near its 52-week low. Market cap stands at ₹118 Cr..

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

BSL Ltd has a P/E ratio of 32.4, which is above the industry average of 12.74. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is BSL Ltd financially healthy?

Key indicators for BSL Ltd: ROCE of 7.73 % is on the lower side compared to the industry average of 16.06%; ROE of 6.79 % is below ideal levels (industry average: 21.20%). Dividend yield is 0.70 %.

Is BSL Ltd profitable and how is the profit trend?

BSL Ltd reported a net profit of ₹8 Cr in Mar 2025 on revenue of ₹667 Cr. Compared to ₹11 Cr in Mar 2022, the net profit shows a declining trend.

Does BSL Ltd pay dividends?

BSL Ltd has a dividend yield of 0.70 % at the current price of ₹115.00. The company pays dividends, though the yield is modest.

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 BSL 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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