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BLS Polymers Ltd (BLSPOLY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 545011 NSE: BLSPOLY Plastic Products | Small Cap | BLS Polymers Share Price

₹234.65 -3.05 (-1.28%)

As on 12-Nov'26 16:59

BLS Polymers Ltd (BLSPOLY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 545011 NSE: BLSPOLY Plastic Products | Small Cap | BLS Polymers Share Price

₹234.65 -3.05 (-1.28%)

As on 12-Nov'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,475 Cr.
Current Price
₹234.7
52-Week Low / High
₹225 / 288
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
34.3
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
6.39%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
%
Pledged shares (%) of Promoter's holding (%)
%
Reserves
-
Equity
₹62 Cr.
Face Value
₹10
All Time Low / High
₹225.00 / 288.00

BLS Polymers stock performance

Key Ratios
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Check Before You Invest

Valuation

NA

Price Trend

Weak
Q.1 Is BLS Polymers Ltd a good quality company?
BLS Polymers Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does BLS Polymers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of BLS Polymers Ltd vs industry peers?
BLS Polymers Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of %, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of BLS Polymers Ltd?
Promoters hold % of the BLS Polymers Ltd, with % of their stake pledged, indicating no pledge risk.
Q.1 Stock return of BLS Polymers Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
BLS Polymers Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ12.4%14%26.2%30.5%-

Growth Parameters ⓘ

Sales ⓘ315296328349349
Sales YoY Gr.--5.8%10.8%6.4%-
Adj EPS ⓘ1.41.54.55.94.4
YoY Gr.-6.9%194.2%29.6%-
BVPS (₹) ⓘ8.710.415.121.156.4
Adj Net
Profit ⓘ
6.56.920.426.427
Cash Flow from Ops. ⓘ-8.92.725.138.1-
Debt/CF from Ops. ⓘ-10.135.42.91.4-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA3.6%6.4%
Adj EPS ⓘNANA59.7%29.6%
BVPSⓘNANA34.2%39.7%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
16.516.135.632.511.2
Op. Profit
Mgn % ⓘ
5.35.59.712NAN
Net Profit
Mgn % ⓘ
2.12.36.27.67.7
Debt to
Equity ⓘ
2.321.10.5-
Working Cap
Days ⓘ
01741661750
Cash Conv.
Cycle ⓘ
0125110970

Valuation of BLS Polymers - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Financials

data not found
No data found!
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No data found!
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No data found!

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Annual reports

No annual reports available.

Concalls

No concalls available.

BLS Polymers Ltd FAQs

The current trading price of BLS Polymers on 12-Nov-2026 16:59 is ₹234.7.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Nov-2026 the market cap of BLS Polymers stood at ₹1,474.5 Cr

The latest P/E ratio of BLS Polymers as of 11-Nov-2026 is 54.59.

The latest P/B ratio of BLS Polymers as of 11-Nov-2026 is 4.21.

The 52-week high of BLS Polymers is ₹288.0 and the 52-week low is ₹225.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BLS Polymers is ₹349 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that BLS Polymers Ltd is a below average quality company.

No data found

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of BLS Polymers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About BLS Polymers Ltd

BLS Polymers was incorporated under the Companies Act, 1956 as a public limited company pursuant to a certificate of incorporation dated January 16, 1991 issued by the Registrar of Companies, Delhi and Haryana at New Delhi. Further, a certificate for commencement of business dated April 23, 1991 was issued to the company by the Additional Registrar of Companies, Delhi and Haryana at New Delhi under Section 149(3) of the Companies Act, 1956.

BLS Polymers is a polymer compounding firm in India with decades of market experience, specializing in a wide range of high-performance compounds tailored for various industrial applications. The company is manufacturer of multiple grades of custom formulated polymer compounds, catering to diversified critical industries such as telecommunication, power, railways, water, oil and gas distribution, among others. With expertise in producing co-polymers such as High-Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Medium Density Polyethylene (MDPE), Cross Linked Polyethylene (XLPE), Polyvinyl Chloride (PVC), Cable Filling Compounds, and Masterbatches, the company demonstrates technical excellence, operational efficiency, and innovation-driven growth. The company was established in 1991 and has grown to become one of India's largest polymer compounders. 

The company’s product portfolio is well diversified to offer varied solutions in the wire and cables and infrastructure industry, and included products such as, HDPE, MDPE, Linear Low-Density Polyethylene (LLDPE), XLPE, Halogen-Free Flame Retardant (HFFR), PVC, CFC and adhesive coating compounds which are utilized in power, control, data, instrumentation, and telecom cables and advanced pipeline coating systems widely used in water and oil & gas pipelines for corrosion protection and mechanical damage resistance. The company also produce specialty additive masterbatches, as well as black and white masterbatches to meet diverse client requirements. The company offers a range of additives designed to enhance the surface and bulk properties of polymers, such as scratch resistance, surface smoothness, and flame retardancy. These compounds and masterbatches are classified based on different functionalities and end-uses.

Business area of the company

BLS Polymers is engaged in compounding of Polyethylene and Polyvinyl Chloride (PVC) compounds. The company is also engaged in the Trading of polymers. Further the company operates as a Del Credere Associate (DCA) cum Consignment Stockist (CS) of Indian Oil Corporation (IOCL) for the Polymer Business.

Products of the company

  • Polyethylene compounds
  • HDPE and adhesive coating compounds
  • Halogen free flame-retardant compounds
  • Polyvinyl chloride compounds
  • Cable-Filling compounds and other products

Awards, accreditations or recognitions

  • 2022: Received a certificate from BQC Assessment Private Limited confirming compliance of quality management system prescribed under ISO 9001:2015 at its Registered Office and Manufacturing Facility.
  • 2026: Received a certificate of appreciation from IndianOil Propel and Cycloplast for achieving the highest liquidation of OG in the north zone during Fiscal 2026.

History and milestones

  • 1991: Incorporated as a public limited company under the Companies Act, 1956.
  • 1993-2000: Contributed as a partner in a partnership firm, namely, BL & Sons.
  • 2001: Set up a manufacturing unit in Goa to manufacture PVC compounds, cable filling compound, LDPE black sheathing compound, MDPE insulation compound and Polythene Insulated Jelly Filled (PIJF) cables.
  • 2007: Received a approval for cable filling compound (for PIJF Cables) Grade: BLS-201 and sheathing / jacketing compound (for PIJF cable) Grade: BLS 2222 from a Miniratna CPSE telecommunication company.
  • 2008: Diversified its product portfolio by manufacturing of HDPE black compounds.
  • 2016: Implemented ERP software for facilitating centralized data management.
  • 2017: Diversified its product portfolio by manufacturing halogen-free flame retardant polymer compounds, used for cable insulation.
  • 2017: Received a source approval certificate for LSZH sheathing and jacketing compound Grade: BLS - HFFR - 1036 from a Miniratna CPSE telecommunication company.
  • 2018: Diversified its product portfolio by manufacturing anti-tracking polyethylene compounds for optical fibre cables.
  • 2018: Received a source approval certificate for Anti-tracking Polyethylene for ADSS Optical Fibre Cable Grade: BLS- ATC – 1009 from a Miniratna CPSE telecommunication company.
  • 2020: Diversified its product portfolio by manufacturing cross link polyethylene compound used for insulating power cables on account of its thermal, electrical, and mechanical properties.
  • 2022: Diversified its product portfolio by manufacturing adhesive coating compounds for 3LPE Coating, for coating of industrial pipelines.
  • 2022: Shortlisted and designated as an approved vendor for the SAUNI Yojana, a flagship program of the Government of Gujarat, for manufacturing and supplying external 3LPE coating, adhesive (second layer) and PE compound (third layer). With this empanelment, it shall offer such products during the tenure of yojana, until modification is undertaken in the product composition or any change is notified by the Government of Gujarat.
  • 2022: Designated as an approved manufacturer of High Density Polyethylene compounds by a Maharatna CPSE power transmission company for its projects.
  • 2024: Enlisted with a Navratna CPSE engineering consultancy company for its products viz., Adhesive Compound for 3LPE Coating and PE Compound for 3LPE Coating.
  • 2024: Commenced export operations by supplying its products to Kingdom of Saudi Arabia, United Arab Emirates and Egypt.
  • 2026: Enlisted with a government-promoted city gas distribution company for its products viz., Adhesive Compound for 3LPE Coating and PE Compound for 3LPE Coating.

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