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Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹141 Cr.
Stock P/E
17.3
P/B
1.2
Current Price
₹136.9
Book Value
₹ 116.5
Face Value
10
52W High
₹209
52W Low
₹ 98
Dividend Yield
0%

BSL Overview

Business

BSL Ltd. is an Indian textile company primarily engaged in the manufacturing and selling of textile products. Its core business revolves around weaving, with a focus on producing suiting fabrics and other apparel fabrics. The company typically operates an integrated manufacturing facility, converting raw materials (yarn) into finished fabrics, which are then sold to domestic and international markets, including garment manufacturers, retailers, and wholesalers.

Revenue Mix

While specific revenue contributions are not provided, based on its sector and industry, BSL Ltd.'s key segments likely include:

Suiting Fabrics: Manufacturing a range of fabrics suitable for suits, trousers, and blazers.

Apparel Fabrics: Production of fabrics for various other garments.

Potentially Yarn: If it has backward integration into yarn spinning, it might also sell yarn to external customers.

The primary revenue generation comes from the sale of these woven fabrics.

Industry

The Indian textile industry is one of the oldest and largest industries, characterized by its fragmented nature and intense competition. It includes a vast network of large, medium, and small-scale players across spinning, weaving, processing, and garmenting. BSL Ltd. operates within the weaving segment, competing with numerous domestic and international players. Its positioning likely depends on factors such as product quality, design capabilities, price competitiveness, and its market reach (domestic vs. export). Companies in this segment often strive for scale, vertical integration, or specialization in niche fabrics to differentiate themselves.

MOAT

The textile weaving industry generally has weaker moats due to low switching costs and a highly competitive landscape. Potential competitive advantages for BSL Ltd. could include:

Operational Scale & Efficiency: Achieving cost advantages through large-scale, vertically integrated operations (if applicable).

Product Quality & Design: Reputation for consistent quality and ability to offer diverse, trendy designs for specific market segments (e.g., premium suitings).

Established Relationships: Long-standing customer relationships with garment manufacturers or retailers.

Brand Recognition: Within specific product categories like suiting fabrics, developing a recognized brand that commands a premium or ensures repeat business.

Growth Drivers

Rising Domestic Consumption: Increasing disposable incomes and evolving fashion trends in India drive demand for fabrics and apparel.

Export Opportunities: Growing global demand for textiles and India's position as a competitive sourcing hub can drive export growth.

Government Initiatives: Support for the textile sector through schemes like the Production Linked Incentive (PLI) scheme, promoting investment and exports.

Product Diversification & Value Addition: Expanding into higher-value fabrics, technical textiles, or new product lines.

Technological Upgradation: Investment in modern machinery to improve efficiency, reduce costs, and enhance product quality.

Risks

Raw Material Price Volatility: Fluctuations in prices of cotton, synthetic fibers, and other raw materials directly impact production costs and profitability.

Intense Competition: High competition from domestic and international players can lead to pricing pressures and margin erosion.

Fashion Cycle Changes: Rapid shifts in fashion trends can lead to inventory obsolescence and demand fluctuations.

Economic Downturns: Reduced consumer spending during economic slowdowns directly impacts demand for textile products.

Currency Fluctuations: For companies involved in exports or imports, adverse currency movements can impact revenues and costs.

Labor Costs & Availability: Increasing labor costs and potential skill gaps in the workforce.

Management & Ownership

BSL Ltd., like many Indian companies, is likely promoter-driven, meaning a founding family or group maintains significant ownership and management control. The quality of management is crucial in navigating the cyclical and competitive textile industry, requiring strategic vision, operational expertise, and prudent financial management. Specific details about the promoters, key management personnel, or the precise ownership structure are not provided in the prompt.

Outlook

BSL Ltd. operates in a mature yet dynamic textile industry. The company stands to benefit from India's growing domestic market and potential export opportunities, driven by global supply chain realignments and government support. However, it faces significant challenges from raw material price volatility, intense competition, and rapidly changing fashion trends. Its ability to maintain operational efficiency, adapt to market demands, innovate with product offerings, and prudently manage its costs will be key to sustaining profitability and achieving growth in a cyclical and competitive environment.

BSL Share Price

Live · BSE / NSE · Inception: 1970
| |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

BSL Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 171 156 164 178 170 156 158 184 167 148
Other Income 0 0 1 0 0 0 0 0 0 0
Total Income 171 156 164 178 170 156 158 184 167 148
Total Expenditure 153 140 148 162 154 143 146 171 154 138
Operating Profit 18 16 16 16 16 12 13 14 13 10
Interest 8 9 8 8 8 8 8 8 7 8
Depreciation 4 4 4 5 4 4 4 4 4 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 3 3 3 4 0 1 2 2 -1
Provision for Tax 1 0 1 1 1 -0 0 0 0 -0
Profit After Tax 4 3 2 3 3 0 0 2 1 -1
Adjustments 0 -0 0 0 -0 0 0 0 0 -0
Profit After Adjustments 4 3 2 3 3 0 0 2 1 -1
Adjusted Earnings Per Share 3.8 2.4 2.2 2.5 3 0.3 0.5 1.7 1.1 -1

BSL Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 380 378 440 403 437 390 321 436 472 666 667 657
Other Income 2 3 4 3 4 2 1 2 1 1 1 0
Total Income 382 381 444 406 441 392 323 437 473 667 668 657
Total Expenditure 342 342 404 373 407 361 293 396 418 601 607 609
Operating Profit 40 39 40 33 35 31 30 41 54 66 60 50
Interest 14 14 15 14 18 18 17 14 19 33 32 31
Depreciation 20 14 16 17 16 13 12 12 11 18 18 16
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -2 0 0 0
Profit Before Tax 6 11 9 2 1 -1 1 16 23 15 11 4
Provision for Tax -2 4 3 1 0 -3 -0 5 6 4 3 0
Profit After Tax 7 7 6 1 1 2 1 11 17 11 8 2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 7 7 6 1 1 2 1 11 17 11 8 2
Adjusted Earnings Per Share 7 6.9 5.8 1 0.8 1.6 1.3 11.2 16.4 10.9 7.9 2.3

BSL Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 67 73 79 78 77 75 78 89 104 113 119
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 42 43 44 43 29 23 32 45 159 151 139
Other Non-Current Liabilities 9 11 13 14 13 8 7 6 7 11 13
Total Current Liabilities 136 128 194 203 209 216 173 218 272 343 356
Total Liabilities 254 255 330 337 328 322 290 359 542 618 627
Fixed Assets 94 106 111 115 100 89 78 74 229 231 219
Other Non-Current Assets 5 3 6 2 2 3 2 20 4 4 17
Total Current Assets 155 145 214 221 225 230 210 264 310 383 391
Total Assets 254 255 330 337 328 322 290 359 542 618 627

BSL Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 24 44 11 37 20 29 17 3 19 -39 57
Cash Flow from Investing Activities -14 -26 -24 -17 -0 -2 -1 -15 -160 -20 -11
Cash Flow from Financing Activities -11 -18 13 -21 -20 -27 -15 13 141 60 -46
Net Cash Inflow / Outflow 0 0 0 -0 -0 0 -0 0 -0 -0 -0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 0 0

BSL Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 6.99 6.92 5.76 1 0.85 1.62 1.32 11.15 16.43 10.91 7.93
CEPS(Rs) 26.37 20.95 21.22 17.55 16.42 14.31 13.14 22.34 26.98 28.65 25.21
DPS(Rs) 1.2 1.2 1.2 1 0 0 0 1.2 1.5 1 0.8
Book NAV/Share(Rs) 65.26 71.21 76.79 75.48 74.57 72.92 76.06 86.77 101.12 109.48 115.88
Core EBITDA Margin(%) 7.9 7.55 6.5 5.72 5.3 5.54 6.92 7.07 8.47 8.02 7.4
EBIT Margin(%) 4.13 5.17 4.32 3.01 3.21 3.34 4.31 5.3 6.56 5.87 5.28
Pre Tax Margin(%) 1.16 2.28 1.66 0.34 0.2 -0.16 0.29 2.83 3.58 1.84 1.33
PAT Margin (%) 1.48 1.48 1.08 0.2 0.15 0.32 0.33 2.03 2.68 1.38 1.01
Cash Profit Margin (%) 5.6 4.48 3.99 3.46 2.91 2.81 3.24 4.07 4.41 3.63 3.22
ROA(%) 2.79 2.8 2.02 0.31 0.26 0.51 0.44 3.54 3.75 1.94 1.31
ROE(%) 10.73 10.14 7.78 1.31 1.13 2.19 1.77 13.7 17.49 10.36 7.03
ROCE(%) 9.52 11.74 10.1 6.18 7.45 7.23 7.56 11.62 11.41 9.54 7.8
Receivable days 40.81 44.91 48.76 60.54 53.7 53.38 60.6 51.31 54.08 54.15 62.27
Inventory Days 58.37 55.19 57.44 76.42 73.69 89.61 111.67 83.2 94.63 88.85 102.17
Payable days 35.99 26.14 40.08 79.16 77.93 96.28 86.65 58.87 77.2 34.96 34.5
PER(x) 4.29 9.6 12.76 55.16 51.5 12.01 24.88 10.03 9.41 15.01 21.38
Price/Book(x) 0.46 0.93 0.96 0.73 0.59 0.27 0.43 1.29 1.53 1.5 1.46
Dividend Yield(%) 4 1.81 1.63 1.82 0 0 0 1.07 0.97 0.61 0.47
EV/Net Sales(x) 0.46 0.55 0.57 0.57 0.49 0.46 0.61 0.69 1.07 0.91 0.89
EV/Core EBITDA(x) 4.37 5.27 6.36 7.06 6.24 5.91 6.45 7.25 9.27 9.18 9.87
Net Sales Growth(%) 12.35 -0.42 16.29 -8.46 8.6 -10.81 -17.59 35.59 8.24 41.27 0.09
EBIT Growth(%) -2.61 24.36 -4.95 -33.58 18.86 -5.96 2.62 66.12 38.33 15.29 -10.84
PAT Growth(%) 113.81 -1.05 -16.78 -82.66 -15.08 90.66 -18.3 744.77 47.31 -33.57 -27.38
EPS Growth(%) 113.81 -1.05 -16.78 -82.66 -15.08 90.66 -18.3 744.79 47.31 -33.57 -27.38
Debt/Equity(x) 2.15 1.9 2.24 2.25 2.24 2.15 2.06 2.08 3.32 3.88 3.53
Current Ratio(x) 1.14 1.14 1.1 1.09 1.07 1.07 1.21 1.21 1.14 1.11 1.1
Quick Ratio(x) 0.58 0.59 0.57 0.52 0.51 0.42 0.54 0.56 0.46 0.5 0.42
Interest Cover(x) 1.39 1.79 1.62 1.13 1.07 0.95 1.07 2.15 2.2 1.46 1.34
Total Debt/Mcap(x) 4.67 2.04 2.34 3.09 3.82 8.09 4.77 1.62 2.17 2.59 2.42

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% +15% +11% +6%
Operating Profit CAGR -9% +14% +14% +4%
PAT CAGR -27% -10% +32% +1%
Share Price CAGR -14% -10% +23% +7%
ROE Average +7% +12% +10% +8%
ROCE Average +8% +10% +10% +9%

BSL Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 56.72 %
FII 0 %
DII (MF + Insurance) 1.36 %
Public (retail) 43.28 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 56.7156.7156.7156.7156.7156.7256.7256.7256.7256.72
FII 0000.030.150.020.0200.020
DII 2.292.292.291.971.361.361.361.361.361.36
Public 43.2943.2943.2943.2943.2943.2843.2843.2843.2843.28
Others 0000000000
Total 100100100100100100100100100100

BSL Peer Comparison

Textile - Weaving Edit Columns

BSL Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

BSL Pros & Cons

Pros

  • Company has delivered good profit growth of 31% CAGR over last 5 years
  • Debtor days have improved from 34.96 to 34.5days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
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