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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of BSL Ltd

About the Company - BSL Ltd

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. 435.84 Cr. and Equity Capital is Rs. 10.29 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Weaving26, Industrial Area, Gandhi Nagar, Bhilwara Rajasthan 311001accounts@bslsuitings.com
http://www.bslltd.com
Management
NamePosition Held
Mr. Arun ChuriwalChairman
Mr. Ravi JhunjhunwalaDirector
Mr. Nivedan ChuriwalManaging Director
Mr. Shekhar AgarwalDirector
Mr. Amar Nath ChoudharyIndependent Director
Mr. Sushil JhunjhunwalaIndependent Director
Mr. Jagdish Chandra LaddhaIndependent Director
Mrs. Abhilasha MimaniIndependent Director
Mr. Giriraj Prasad SinghalIndependent Director
Mr. Praveen JainDirector - Operations

Basic Stock Data of BSL Ltd

Last Updated: May 13, 2024, 3:01 pm

Market Cap 182 Cr.
Current Price 177
High / Low239/155
Stock P/E13.1
Book Value 104
Dividend Yield0.85 %
ROCE11.9 %
ROE19.0 %
Face Value 10.0
PEG Ratio0.26

BSL Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales88.8091.6486.41116.39111.62121.42112.32132.72107.96118.73160.42178.69171.00
Expenses79.6882.4278.16105.16101.08111.52102.02119.5193.04103.72145.36162.85153.11
Operating Profit9.129.228.2511.2310.549.9010.3013.2114.9215.0115.0615.8417.89
OPM %10.27%10.06%9.55%9.65%9.44%8.15%9.17%9.95%13.82%12.64%9.39%8.86%10.46%
Other Income0.020.520.990.110.030.380.360.190.10-1.840.360.210.13
Interest4.393.532.933.133.644.224.364.105.414.957.457.788.47
Depreciation3.032.942.912.922.892.792.862.752.722.534.734.704.42
Profit before tax1.723.273.405.294.043.273.446.556.895.693.243.575.13
Tax %15.12%2.45%25.59%26.47%35.40%24.46%20.06%22.60%22.64%33.74%29.63%29.41%23.59%
Net Profit1.463.192.533.882.612.462.745.075.333.772.272.523.92
EPS in Rs1.423.102.463.772.542.392.664.935.183.662.212.453.81

Last Updated: May 6, 2024, 8:38 am

BSL Ltd Quarterly Chart

BSL Ltd Profit & Loss

Last Updated: May 28, 2024, 9:17 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales304295338380378440403437390321436472629
Expenses272263304342342404373407361292396418565
Operating Profit32323438363630312929405364
OPM %11%11%10%10%10%8%7%7%7%9%9%11%10%
Other Income11223434112-1-1
Interest19181714141514181817141929
Depreciation14151520141617161312121116
Profit before tax104611921-11162318
Tax %80%-30%13%-28%35%35%41%25%290%-10%28%25%
Net Profit0037761121111712
EPS in Rs0.130.343.266.996.925.751.000.851.611.3211.1516.4312.13
Dividend Payout %0%0%31%17%17%21%100%0%0%0%11%9%

BSL Ltd Profit & Loss Yearly Chart

BSL Ltd Growth

Compounded Sales Growth
10 Years:5%
5 Years:3%
3 Years:7%
TTM:33%
Compounded Profit Growth
10 Years:48%
5 Years:142%
3 Years:122%
TTM:-11%
Stock Price CAGR
10 Years:25%
5 Years:36%
3 Years:70%
1 Year:-7%
Return on Equity
10 Years:7%
5 Years:8%
3 Years:12%
Last Year:19%

Last Updated: April 17, 2024, 1:11 pm

BSL Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital10101010101010101010101010
Reserves51535757636967666568799497
Borrowings149155142144139177211172161161186346377
Other Liabilities52485342427047788449778987
Total Liabilities263267261254255326335327321288352538571
Fixed Assets11811810794106111115100897874229224
CWIP0003241100702
Investments0000000000000
Other Assets145148154156146211220226231210270309345
Total Assets263267261254255326335327321288352538571

BSL Ltd Reserves and Borrowings Chart

BSL Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 29253224441137202917319
Cash from Investing Activity -18-16-4-14-26-24-17-0-2-1-15-160
Cash from Financing Activity -11-10-27-11-1813-21-20-27-1513141
Net Cash Flow0-00000-0-00-00-0

BSL Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days625953575772787065797575
Inventory Days175205163136128177206190266272244305
Days Payable6158512824682576102488276
Cash Conversion Cycle176206166165162181260184229303237304
Working Capital Days1141171029889111154119136188156173
ROCE %9%9%10%9%12%10%5%6%7%8%12%12%

BSL Ltd Financial Efficiency Indicators Chart

BSL Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters56.44%56.44%56.44%56.44%56.44%56.44%56.44%56.44%56.44%56.72%56.72%56.72%
FIIs0.00%0.00%0.00%0.01%0.07%0.00%0.00%0.02%0.00%0.00%0.00%0.00%
DIIs4.14%4.14%3.17%2.29%2.30%2.30%2.30%2.29%2.29%2.29%2.29%2.30%
Public39.42%39.42%40.39%41.25%41.19%41.26%41.26%41.23%41.26%40.99%40.99%41.00%
No. of Shareholders10,18710,09311,57011,70611,56111,57512,14712,01410,77610,24810,0359,704

BSL Ltd Shareholding Pattern Chart

No. of BSL Ltd Shareholders

This stock is not held by any mutual fund

BSL Ltd ROCE Trend

BSL Ltd EPS Trend

BSL Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)16.4311.151.321.620.85
Diluted EPS (Rs.)16.4311.151.321.620.85
Cash EPS (Rs.)26.9822.3413.1414.3116.41
Book Value[Excl.RevalReserv]/Share (Rs.)101.1286.7776.0672.9274.57
Book Value[Incl.RevalReserv]/Share (Rs.)101.1286.7776.0672.9274.57
Dividend / Share (Rs.)1.501.200.000.000.00
Revenue From Operations / Share (Rs.)458.35423.46312.30378.97424.89
PBDIT / Share (Rs.)52.8540.2529.3229.7433.70
PBIT / Share (Rs.)42.2929.0617.5017.0518.13
PBT / Share (Rs.)21.9215.531.20-0.841.13
Net Profit / Share (Rs.)16.4311.151.321.620.84
PBDIT Margin (%)11.529.509.387.847.93
PBIT Margin (%)9.226.865.604.494.26
PBT Margin (%)4.783.660.38-0.220.26
Net Profit Margin (%)3.582.630.420.420.19
Return on Networth / Equity (%)16.2412.851.732.211.13
Return on Capital Employeed (%)16.1021.3215.3816.5815.76
Return On Assets (%)3.143.260.470.510.26
Long Term Debt / Equity (X)1.530.500.410.300.37
Total Debt / Equity (X)3.322.081.912.072.04
Asset Turnover Ratio (%)1.061.361.061.201.32
Current Ratio (X)1.141.221.221.071.07
Quick Ratio (X)0.440.540.530.410.50
Inventory Turnover Ratio (X)1.461.610.961.461.78
Interest Coverage Ratio (X)2.892.971.801.661.98
Interest Coverage Ratio (Post Tax) (X)2.011.821.081.091.05
Enterprise Value (Cr.)504.31300.53183.07174.50201.10
EV / Net Operating Revenue (X)1.070.680.560.440.45
EV / EBITDA (X)9.277.256.075.705.80
MarketCap / Net Operating Revenue (X)0.330.260.100.050.10
Price / BV (X)1.531.290.430.260.58
Price / Net Operating Revenue (X)0.330.260.100.050.10
EarningsYield0.100.090.040.080.01

BSL Ltd Profitability Ratios (%)

BSL Ltd Liquidity Ratios

BSL Ltd Liquidity Ratios (%)

BSL Ltd Interest Coverage Ratios (%)

BSL Ltd Valuation Ratios

Fair Value

Fair Value: ₹261.06

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 47.49% compared to the current price ₹177

Intrinsic Value: ₹390.97

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 120.89% compared to the current price ₹177

Last 5 Year EPS CAGR: 49.76%

*Investments are subject to market risks

Strength and Weakness of BSL Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (401.77 cr) and profit (7.00 cr) over the years.
  1. The stock has a low average ROCE of 9.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 129.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 214.42, which may not be favorable.
  4. The company has higher borrowings (193.85) compared to reserves (68.15), which may suggest financial risk.

FAQ

What is the latest fair value of BSL Ltd?

The latest fair value of BSL Ltd is ₹261.06.

What is the Market Cap of BSL Ltd?

The Market Cap of BSL Ltd is 182 Cr..

What is the current Stock Price of BSL Ltd as on 18 May 2024?

The current stock price of BSL Ltd as on 18 May 2024 is 177.

What is the High / Low of BSL Ltd stocks in FY 2024?

In FY 2024, the High / Low of BSL Ltd stocks is ₹239/155.

What is the Stock P/E of BSL Ltd?

The Stock P/E of BSL Ltd is 13.1.

What is the Book Value of BSL Ltd?

The Book Value of BSL Ltd is 104.

What is the Dividend Yield of BSL Ltd?

The Dividend Yield of BSL Ltd is 0.85 %.

What is the ROCE of BSL Ltd?

The ROCE of BSL Ltd is 11.9 %.

What is the ROE of BSL Ltd?

The ROE of BSL Ltd is 19.0 %.

What is the Face Value of BSL Ltd?

The Face Value of BSL Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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