BSL Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 24, 2025, 9:53 pm

Market Cap	167 Cr.
Current Price	162
High / Low	333/144
Stock P/E	16.0
Book Value	113
Dividend Yield	0.62 %
ROCE	9.49 %
ROE	10.2 %
Face Value	10.0
PEG Ratio	0.32

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for BSL Ltd

Competitors of BSL Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Gravity (India) Ltd	4.40 Cr.	4.89	8.40/3.72		2.29	0.00 %	38.2 %	65.6 %	10.0
Flora Textiles Ltd	59.5 Cr.	99.2	187/9.00	9.43	10.8	0.00 %	88.9 %	%	10.0
E-Land Apparel Ltd	74.0 Cr.	15.4	20.1/7.36		103	0.00 %	%	%	10.0
Acknit Industries Ltd	70.6 Cr.	232	406/210	7.93	271	0.65 %	11.3 %	11.4 %	10.0
Siyaram Silk Mills Ltd	3,330 Cr.	735	1,175/410	17.0	265	1.50 %	20.5 %	16.3 %	2.00
Industry Average	2,739.00 Cr	172.43		12.53	105.33	0.33%	25.96%	22.83%	7.22

All Competitor Stocks of BSL Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	111.62	121.42	112.32	132.72	107.96	118.73	160.42	178.69	171.00	156.34	163.72	178.06	169.78
Expenses	101.08	111.52	102.02	119.51	93.04	103.72	145.36	162.85	153.11	139.93	148.49	162.36	153.54
Operating Profit	10.54	9.90	10.30	13.21	14.92	15.01	15.06	15.84	17.89	16.41	15.23	15.70	16.24
OPM %	9.44%	8.15%	9.17%	9.95%	13.82%	12.64%	9.39%	8.86%	10.46%	10.50%	9.30%	8.82%	9.57%
Other Income	0.03	0.38	0.36	0.19	0.10	-1.84	0.36	0.21	0.13	0.06	0.51	0.02	0.13
Interest	3.64	4.22	4.36	4.10	5.41	4.95	7.45	7.78	8.47	9.07	8.13	7.85	7.95
Depreciation	2.89	2.79	2.86	2.75	2.72	2.53	4.73	4.70	4.42	4.40	4.40	4.51	4.48
Profit before tax	4.04	3.27	3.44	6.55	6.89	5.69	3.24	3.57	5.13	3.00	3.21	3.36	3.94
Tax %	35.40%	24.46%	20.06%	22.60%	22.64%	33.74%	29.63%	29.41%	23.59%	16.00%	28.35%	24.70%	22.59%
Net Profit	2.61	2.46	2.74	5.07	5.33	3.77	2.27	2.52	3.92	2.52	2.31	2.52	3.05
EPS in Rs	2.54	2.39	2.66	4.93	5.18	3.66	2.21	2.45	3.81	2.45	2.24	2.45	2.96

Last Updated: March 3, 2025, 5:07 pm

Below is a detailed analysis of the quarterly data for BSL Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 169.78 Cr.. The value appears to be declining and may need further review. It has decreased from 178.06 Cr. (Sep 2024) to 169.78 Cr., marking a decrease of 8.28 Cr..
For Expenses, as of Dec 2024, the value is 153.54 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 162.36 Cr. (Sep 2024) to 153.54 Cr., marking a decrease of 8.82 Cr..
For Operating Profit, as of Dec 2024, the value is 16.24 Cr.. The value appears strong and on an upward trend. It has increased from 15.70 Cr. (Sep 2024) to 16.24 Cr., marking an increase of 0.54 Cr..
For OPM %, as of Dec 2024, the value is 9.57%. The value appears strong and on an upward trend. It has increased from 8.82% (Sep 2024) to 9.57%, marking an increase of 0.75%.
For Other Income, as of Dec 2024, the value is 0.13 Cr.. The value appears strong and on an upward trend. It has increased from 0.02 Cr. (Sep 2024) to 0.13 Cr., marking an increase of 0.11 Cr..
For Interest, as of Dec 2024, the value is 7.95 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 7.85 Cr. (Sep 2024) to 7.95 Cr., marking an increase of 0.10 Cr..
For Depreciation, as of Dec 2024, the value is 4.48 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4.51 Cr. (Sep 2024) to 4.48 Cr., marking a decrease of 0.03 Cr..
For Profit before tax, as of Dec 2024, the value is 3.94 Cr.. The value appears strong and on an upward trend. It has increased from 3.36 Cr. (Sep 2024) to 3.94 Cr., marking an increase of 0.58 Cr..
For Tax %, as of Dec 2024, the value is 22.59%. The value appears to be improving (decreasing) as expected. It has decreased from 24.70% (Sep 2024) to 22.59%, marking a decrease of 2.11%.
For Net Profit, as of Dec 2024, the value is 3.05 Cr.. The value appears strong and on an upward trend. It has increased from 2.52 Cr. (Sep 2024) to 3.05 Cr., marking an increase of 0.53 Cr..
For EPS in Rs, as of Dec 2024, the value is 2.96. The value appears strong and on an upward trend. It has increased from 2.45 (Sep 2024) to 2.96, marking an increase of 0.51.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:38 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	295	338	380	378	440	403	437	390	321	436	472	666	668
Expenses	263	304	342	342	404	373	407	361	292	396	418	601	604
Operating Profit	32	34	38	36	36	30	31	29	29	40	53	65	64
OPM %	11%	10%	10%	10%	8%	7%	7%	7%	9%	9%	11%	10%	10%
Other Income	1	2	2	3	4	3	4	1	1	2	-1	1	1
Interest	18	17	14	14	15	14	18	18	17	14	19	33	33
Depreciation	15	15	20	14	16	17	16	13	12	12	11	18	18
Profit before tax	0	4	6	11	9	2	1	-1	1	16	23	15	14
Tax %	-30%	13%	-28%	35%	35%	41%	25%	-290%	-10%	28%	25%	25%
Net Profit	0	3	7	7	6	1	1	2	1	11	17	11	10
EPS in Rs	0.34	3.26	6.99	6.92	5.75	1.00	0.85	1.61	1.32	11.15	16.43	10.91	10.10
Dividend Payout %	0%	31%	17%	17%	21%	100%	0%	0%	0%	11%	9%	9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	133.33%	0.00%	-14.29%	-83.33%	0.00%	100.00%	-50.00%	1000.00%	54.55%	-35.29%
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%

BSL Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	7%
5 Years:	9%
3 Years:	28%
TTM:	6%

Compounded Profit Growth
10 Years:	13%
5 Years:	59%
3 Years:	101%
TTM:	-25%

Stock Price CAGR
10 Years:	15%
5 Years:	49%
3 Years:	2%
1 Year:	-18%

Return on Equity
10 Years:	8%
5 Years:	10%
3 Years:	14%
Last Year:	10%

Last Updated: Unknown

Balance Sheet

Last Updated: April 13, 2025, 3:55 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	10	10	10	10	10	10	10	10	10	10	10	10	10
Reserves	53	57	57	63	69	67	66	65	68	79	94	102	106
Borrowings	155	142	144	139	177	211	172	161	161	186	346	437	415
Other Liabilities	48	53	42	42	70	47	78	84	49	77	89	68	73
Total Liabilities	267	261	254	255	326	335	327	321	288	352	538	618	604
Fixed Assets	118	107	94	106	111	115	100	89	78	74	229	231	225
CWIP	0	0	3	2	4	1	1	0	0	7	0	0	2
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	148	154	156	146	211	220	226	231	210	270	309	386	377
Total Assets	267	261	254	255	326	335	327	321	288	352	538	618	604

Below is a detailed analysis of the balance sheet data for BSL Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹10.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 10.00 Cr..
For Reserves, as of Sep 2024, the value is ₹106.00 Cr.. The value appears strong and on an upward trend. It has increased from 102.00 Cr. (Mar 2024) to ₹106.00 Cr., marking an increase of 4.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹415.00 Cr.. The value appears to be improving (decreasing). However, Borrowings exceed Reserves, which may signal higher financial risk. It has decreased from 437.00 Cr. (Mar 2024) to ₹415.00 Cr., marking a decrease of 22.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹73.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 68.00 Cr. (Mar 2024) to ₹73.00 Cr., marking an increase of 5.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹604.00 Cr.. The value appears to be improving (decreasing). It has decreased from 618.00 Cr. (Mar 2024) to ₹604.00 Cr., marking a decrease of 14.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹225.00 Cr.. The value appears to be declining and may need further review. It has decreased from 231.00 Cr. (Mar 2024) to ₹225.00 Cr., marking a decrease of 6.00 Cr..
For CWIP, as of Sep 2024, the value is ₹2.00 Cr.. The value appears strong and on an upward trend. It has increased from 0.00 Cr. (Mar 2024) to ₹2.00 Cr., marking an increase of 2.00 Cr..
For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹377.00 Cr.. The value appears to be declining and may need further review. It has decreased from 386.00 Cr. (Mar 2024) to ₹377.00 Cr., marking a decrease of 9.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹604.00 Cr.. The value appears to be declining and may need further review. It has decreased from 618.00 Cr. (Mar 2024) to ₹604.00 Cr., marking a decrease of 14.00 Cr..

However, the Borrowings (415.00 Cr.) are higher than the Reserves (₹106.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	25	32	24	44	11	37	20	29	17	3	19	-39
Cash from Investing Activity +	-16	-4	-14	-26	-24	-17	-0	-2	-1	-15	-160	-20
Cash from Financing Activity +	-10	-27	-11	-18	13	-21	-20	-27	-15	13	141	60
Net Cash Flow	-0	0	0	0	0	-0	-0	0	-0	0	-0	-0

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-123.00	-108.00	-106.00	-103.00	-141.00	-181.00	-141.00	-132.00	-132.00	-146.00	-293.00	-372.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	59	53	57	57	72	78	70	65	79	75	75	79
Inventory Days	205	163	136	128	177	206	190	266	272	244	305	206
Days Payable	58	51	28	24	68	25	76	102	48	82	76	24
Cash Conversion Cycle	206	166	165	162	181	260	184	229	303	237	304	260
Working Capital Days	117	102	98	89	111	154	119	136	188	156	173	178
ROCE %	9%	10%	9%	12%	10%	5%	6%	7%	8%	12%	12%	9%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	56.44%	56.44%	56.44%	56.44%	56.72%	56.72%	56.72%	56.72%	56.72%	56.72%	56.72%	56.72%
FIIs	0.00%	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.16%
DIIs	2.30%	2.30%	2.29%	2.29%	2.29%	2.29%	2.30%	2.30%	2.30%	2.30%	2.22%	1.61%
Public	41.26%	41.26%	41.23%	41.26%	40.99%	40.99%	41.00%	40.98%	40.99%	40.99%	41.02%	41.52%
No. of Shareholders	11,575	12,147	12,014	10,776	10,248	10,035	9,704	9,902	9,849	9,881	12,478	12,777

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	10.91	16.43	11.15	1.32	1.62
Diluted EPS (Rs.)	10.91	16.43	11.15	1.32	1.62
Cash EPS (Rs.)	28.65	26.98	22.34	13.14	14.31
Book Value[Excl.RevalReserv]/Share (Rs.)	109.48	101.12	86.77	76.06	72.92
Book Value[Incl.RevalReserv]/Share (Rs.)	109.48	101.12	86.77	76.06	72.92
Dividend / Share (Rs.)	1.00	1.50	1.20	0.00	0.00
Revenue From Operations / Share (Rs.)	647.53	458.35	423.46	312.30	378.97
PBDIT / Share (Rs.)	64.08	52.85	40.25	29.32	29.74
PBIT / Share (Rs.)	46.35	42.29	29.06	17.50	17.05
PBT / Share (Rs.)	14.51	21.92	15.53	1.20	-0.84
Net Profit / Share (Rs.)	10.91	16.43	11.15	1.32	1.62
PBDIT Margin (%)	9.89	11.52	9.50	9.38	7.84
PBIT Margin (%)	7.15	9.22	6.86	5.60	4.49
PBT Margin (%)	2.24	4.78	3.66	0.38	-0.22
Net Profit Margin (%)	1.68	3.58	2.63	0.42	0.42
Return on Networth / Equity (%)	9.96	16.24	12.85	1.73	2.21
Return on Capital Employeed (%)	17.39	16.10	21.32	15.38	16.58
Return On Assets (%)	1.81	3.14	3.26	0.47	0.51
Long Term Debt / Equity (X)	1.34	1.53	0.50	0.41	0.30
Total Debt / Equity (X)	3.88	3.32	2.08	1.91	2.07
Asset Turnover Ratio (%)	1.15	1.06	1.36	1.06	1.20
Current Ratio (X)	1.11	1.14	1.22	1.22	1.07
Quick Ratio (X)	0.50	0.44	0.54	0.53	0.41
Inventory Turnover Ratio (X)	1.81	1.46	1.61	0.96	1.46
Dividend Payout Ratio (NP) (%)	13.74	7.30	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	5.23	4.44	0.00	0.00	0.00
Earning Retention Ratio (%)	86.26	92.70	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	94.77	95.56	0.00	0.00	0.00
Interest Coverage Ratio (X)	2.01	2.89	2.97	1.80	1.66
Interest Coverage Ratio (Post Tax) (X)	1.34	2.01	1.82	1.08	1.09
Enterprise Value (Cr.)	605.49	504.31	300.53	183.07	174.50
EV / Net Operating Revenue (X)	0.90	1.07	0.68	0.56	0.44
EV / EBITDA (X)	9.18	9.27	7.25	6.07	5.70
MarketCap / Net Operating Revenue (X)	0.25	0.33	0.26	0.10	0.05
Retention Ratios (%)	86.25	92.69	0.00	0.00	0.00
Price / BV (X)	1.50	1.53	1.29	0.43	0.26
Price / Net Operating Revenue (X)	0.25	0.33	0.26	0.10	0.05
EarningsYield	0.06	0.10	0.09	0.04	0.08

After reviewing the key financial ratios for BSL Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 10.91. This value is within the healthy range. It has decreased from 16.43 (Mar 23) to 10.91, marking a decrease of 5.52.
For Diluted EPS (Rs.), as of Mar 24, the value is 10.91. This value is within the healthy range. It has decreased from 16.43 (Mar 23) to 10.91, marking a decrease of 5.52.
For Cash EPS (Rs.), as of Mar 24, the value is 28.65. This value is within the healthy range. It has increased from 26.98 (Mar 23) to 28.65, marking an increase of 1.67.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 109.48. It has increased from 101.12 (Mar 23) to 109.48, marking an increase of 8.36.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 109.48. It has increased from 101.12 (Mar 23) to 109.48, marking an increase of 8.36.
For Dividend / Share (Rs.), as of Mar 24, the value is 1.00. This value is within the healthy range. It has decreased from 1.50 (Mar 23) to 1.00, marking a decrease of 0.50.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 647.53. It has increased from 458.35 (Mar 23) to 647.53, marking an increase of 189.18.
For PBDIT / Share (Rs.), as of Mar 24, the value is 64.08. This value is within the healthy range. It has increased from 52.85 (Mar 23) to 64.08, marking an increase of 11.23.
For PBIT / Share (Rs.), as of Mar 24, the value is 46.35. This value is within the healthy range. It has increased from 42.29 (Mar 23) to 46.35, marking an increase of 4.06.
For PBT / Share (Rs.), as of Mar 24, the value is 14.51. This value is within the healthy range. It has decreased from 21.92 (Mar 23) to 14.51, marking a decrease of 7.41.
For Net Profit / Share (Rs.), as of Mar 24, the value is 10.91. This value is within the healthy range. It has decreased from 16.43 (Mar 23) to 10.91, marking a decrease of 5.52.
For PBDIT Margin (%), as of Mar 24, the value is 9.89. This value is below the healthy minimum of 10. It has decreased from 11.52 (Mar 23) to 9.89, marking a decrease of 1.63.
For PBIT Margin (%), as of Mar 24, the value is 7.15. This value is below the healthy minimum of 10. It has decreased from 9.22 (Mar 23) to 7.15, marking a decrease of 2.07.
For PBT Margin (%), as of Mar 24, the value is 2.24. This value is below the healthy minimum of 10. It has decreased from 4.78 (Mar 23) to 2.24, marking a decrease of 2.54.
For Net Profit Margin (%), as of Mar 24, the value is 1.68. This value is below the healthy minimum of 5. It has decreased from 3.58 (Mar 23) to 1.68, marking a decrease of 1.90.
For Return on Networth / Equity (%), as of Mar 24, the value is 9.96. This value is below the healthy minimum of 15. It has decreased from 16.24 (Mar 23) to 9.96, marking a decrease of 6.28.
For Return on Capital Employeed (%), as of Mar 24, the value is 17.39. This value is within the healthy range. It has increased from 16.10 (Mar 23) to 17.39, marking an increase of 1.29.
For Return On Assets (%), as of Mar 24, the value is 1.81. This value is below the healthy minimum of 5. It has decreased from 3.14 (Mar 23) to 1.81, marking a decrease of 1.33.
For Long Term Debt / Equity (X), as of Mar 24, the value is 1.34. This value exceeds the healthy maximum of 1. It has decreased from 1.53 (Mar 23) to 1.34, marking a decrease of 0.19.
For Total Debt / Equity (X), as of Mar 24, the value is 3.88. This value exceeds the healthy maximum of 1. It has increased from 3.32 (Mar 23) to 3.88, marking an increase of 0.56.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.15. It has increased from 1.06 (Mar 23) to 1.15, marking an increase of 0.09.
For Current Ratio (X), as of Mar 24, the value is 1.11. This value is below the healthy minimum of 1.5. It has decreased from 1.14 (Mar 23) to 1.11, marking a decrease of 0.03.
For Quick Ratio (X), as of Mar 24, the value is 0.50. This value is below the healthy minimum of 1. It has increased from 0.44 (Mar 23) to 0.50, marking an increase of 0.06.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.81. This value is below the healthy minimum of 4. It has increased from 1.46 (Mar 23) to 1.81, marking an increase of 0.35.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 13.74. This value is below the healthy minimum of 20. It has increased from 7.30 (Mar 23) to 13.74, marking an increase of 6.44.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 5.23. This value is below the healthy minimum of 20. It has increased from 4.44 (Mar 23) to 5.23, marking an increase of 0.79.
For Earning Retention Ratio (%), as of Mar 24, the value is 86.26. This value exceeds the healthy maximum of 70. It has decreased from 92.70 (Mar 23) to 86.26, marking a decrease of 6.44.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 94.77. This value exceeds the healthy maximum of 70. It has decreased from 95.56 (Mar 23) to 94.77, marking a decrease of 0.79.
For Interest Coverage Ratio (X), as of Mar 24, the value is 2.01. This value is below the healthy minimum of 3. It has decreased from 2.89 (Mar 23) to 2.01, marking a decrease of 0.88.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.34. This value is below the healthy minimum of 3. It has decreased from 2.01 (Mar 23) to 1.34, marking a decrease of 0.67.
For Enterprise Value (Cr.), as of Mar 24, the value is 605.49. It has increased from 504.31 (Mar 23) to 605.49, marking an increase of 101.18.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.90. This value is below the healthy minimum of 1. It has decreased from 1.07 (Mar 23) to 0.90, marking a decrease of 0.17.
For EV / EBITDA (X), as of Mar 24, the value is 9.18. This value is within the healthy range. It has decreased from 9.27 (Mar 23) to 9.18, marking a decrease of 0.09.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.25. This value is below the healthy minimum of 1. It has decreased from 0.33 (Mar 23) to 0.25, marking a decrease of 0.08.
For Retention Ratios (%), as of Mar 24, the value is 86.25. This value exceeds the healthy maximum of 70. It has decreased from 92.69 (Mar 23) to 86.25, marking a decrease of 6.44.
For Price / BV (X), as of Mar 24, the value is 1.50. This value is within the healthy range. It has decreased from 1.53 (Mar 23) to 1.50, marking a decrease of 0.03.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.25. This value is below the healthy minimum of 1. It has decreased from 0.33 (Mar 23) to 0.25, marking a decrease of 0.08.
For EarningsYield, as of Mar 24, the value is 0.06. This value is below the healthy minimum of 5. It has decreased from 0.10 (Mar 23) to 0.06, marking a decrease of 0.04.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of BSL Ltd as of April 25, 2025 is: 148.45

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.

As of April 25, 2025, BSL Ltd is Overvalued by 8.36% compared to the current share price 162.00

Intrinsic Value of BSL Ltd as of April 25, 2025 is: 223.01

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 25, 2025, BSL Ltd is Undervalued by 37.66% compared to the current share price 162.00

Last 5 Year EPS CAGR: 50.23%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (432.62 cr) and profit (7.77 cr) over the years.	The stock has a low average ROCE of 9.08%, which may not be favorable. The stock has a high average Working Capital Days of 135.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 221.42, which may not be favorable. The company has higher borrowings (218.92) compared to reserves (72.77), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in BSL Ltd:
1. Net Profit Margin: 1.68%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 17.39% (Industry Average ROCE: 23.08%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 9.96% (Industry Average ROE: 15.22%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.34
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.5
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 16 (Industry average Stock P/E: 8.35)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 3.88
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

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. 666.45 Cr. and Equity Capital is Rs. 10.29 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Textiles - Weaving	Post Box No. 16-17, Mandpam, Bhilwara Rajasthan 311001	accounts@bslsuitings.com http://www.bslltd.com

Management
Name	Position Held
Mr. Arun Churiwal	Chairman
Mr. Nivedan Churiwal	Managing Director
Mr. Praveen Jain	Director - Operations
Mr. Ravi Jhunjhunwala	Director
Mr. Shekhar Agarwal	Director
Mr. Jagdish Chandra Laddha	Independent Director
Mr. Hemant Kamala Jalan	Independent Director
Mrs. Aarti B Aggarwal	Independent Director
Mr. Avinash Todi	Independent Director
Mr. Kunal Jhunjhunwala	Independent Director

FAQ

What is the intrinsic value of BSL Ltd?

BSL Ltd's intrinsic value (as of 25 April 2025) is ₹148.45 — 8.36% lower the current market price of 162.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 167 Cr. market cap, FY2025-2026 high/low of ₹333/144, reserves of 106 Cr, and liabilities of 604 Cr.

What is the Market Cap of BSL Ltd?

The Market Cap of BSL Ltd is 167 Cr..

What is the current Stock Price of BSL Ltd as on 25 April 2025?

The current stock price of BSL Ltd as on 25 April 2025 is 162.

What is the High / Low of BSL Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of BSL Ltd stocks is ₹333/144.

What is the Stock P/E of BSL Ltd?

The Stock P/E of BSL Ltd is 16.0.

What is the Book Value of BSL Ltd?

The Book Value of BSL Ltd is 113.

What is the Dividend Yield of BSL Ltd?

The Dividend Yield of BSL Ltd is 0.62 %.

What is the ROCE of BSL Ltd?

The ROCE of BSL Ltd is 9.49 %.

What is the ROE of BSL Ltd?

The ROE of BSL Ltd is 10.2 %.

What is the Face Value of BSL Ltd?

The Face Value of BSL Ltd is 10.0.