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10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
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About
B.L. Kashyap and Sons Ltd (BLKASHYAP)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532719 NSE: BLKASHYAP Construction - Real Estate | Small Cap | B.L. Kashyap and Son Share Price
₹57.04 1.41 (2.53%)
As on 12-Oct'26 16:59
B.L. Kashyap and Sons Ltd (BLKASHYAP)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532719 NSE: BLKASHYAP Construction - Real Estate | Small Cap | B.L. Kashyap and Son Share Price
₹57.04 1.41 (2.53%)
As on 12-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,286 Cr.
Current Price
₹57
52-Week Low / High
₹41 / 64
TTM EPS
₹0
TTM Sales
₹1,388 Cr.
Book Value per Share
₹23.8
P/E Ratio
1831.78
Higher than its 5-year historical median
Industry PE
41.6
Price to Book (P/B)
2.40
Higher than its 5-year historical median
Price to Sales (P/S)
0.93
In line with its 5-year historical median
EV/EBITDA
12.36
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.29%
Underperforms industry median
Return on Capital Employed (ROCE)
8.50%
Outperforms industry median
Return on Assets (ROA)
0.10%
Operating Profit Margin
7.4%
Net Profit Margin
0.11%
Gross Profit Margin
5.8%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
18%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
56.44%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-94.36%
Asset Quality
Promoter Holding
61.73%
Pledged shares (%) of Promoter's holding (%)
94.44%
Reserves
₹514 Cr.
Equity
₹22.5 Cr.
Face Value
₹1
All Time Low / High
₹3.37 / 230.00
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Semi Strong
Is B.L. Kashyap and Sons Ltd a good quality company?
B.L. Kashyap and Sons Ltd is a average quality company, based on a somewhat consistent 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 B.L. Kashyap and Sons Ltd performance compare with that of its Peers?
Revenue growth of B.L. Kashyap and Sons Ltd vs industry peers?
B.L. Kashyap and Sons Ltd revenue CAGR is 12.59%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of B.L. Kashyap and Sons Ltd?
Promoters hold 61.73% of the B.L. Kashyap and Sons Ltd, with 94.44% of their stake pledged, indicating high pledge risk.
Stock return of B.L. Kashyap and Sons Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.1% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
B.L. Kashyap and Sons Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.2% | 12.8% | 6.8% | 1.1% | 9% | 14.8% | 12.8% | 10.1% | 9.8% | 6.6% | - |
| Value Creation Index ⓘ | -0.3 | -0.1 | -0.5 | -0.9 | -0.4 | 0.1 | -0.1 | -0.3 | -0.3 | -0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 890 | 937 | 748 | 793 | 749 | 1,140 | 1,092 | 1,214 | 1,142 | 1,348 | 1,357 |
| Sales YoY Gr. | - | 5.3% | -20.1% | 5.9% | -5.5% | 52.2% | -4.2% | 11.2% | -5.9% | 18% | - |
| Adj EPS ⓘ | 0.6 | 2.3 | 0.6 | -1 | 0.1 | 2.9 | 2.3 | 1.5 | 0.7 | 1.9 | 0.8 |
| YoY Gr. | - | 266.1% | -72.7% | -258.1% | NA | 2563.6% | -21.2% | -35.5% | -55.7% | 187.9% | - |
| BVPS (₹) ⓘ | 20.7 | 24 | 24.6 | 23.3 | 23.4 | 26.3 | 28.6 | 30.1 | 31.7 | 32.6 | 33.1 |
| Adj Net Profit ⓘ | 12.7 | 49 | 13.9 | -22.2 | 2.5 | 66 | 52 | 33.7 | 14.8 | 42.8 | 19 |
| Cash Flow from Ops. ⓘ | 84.7 | 132 | 50.3 | 62.7 | 38 | 59.6 | 63 | 83.2 | 87.5 | 109 | - |
| Debt/CF from Ops. ⓘ | 7.3 | 3.7 | 8.9 | 6.3 | 10.9 | 5.6 | 4.8 | 3.7 | 3.3 | 2.6 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.7% | 12.5% | 7.3% | 18% | ||||
| Adj EPS ⓘ | 13.3% | 76.8% | -6.3% | 187.9% | ||||
| BVPSⓘ | 5.2% | 6.8% | 4.4% | 2.8% | ||||
| Share Price | 10% | 14.1% | -6% | -8.2% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3 | 10.4 | 2.6 | -4.1 | 0.5 | 11.8 | 8.4 | 5.1 | 2.1 | 5.9 | 2.5 |
| Op. Profit Mgn % ⓘ | 9.6 | 10.4 | 8.1 | 2.3 | 8.7 | 8.2 | 9.5 | 8 | 5.9 | 7.5 | 7.7 |
| Net Profit Mgn % ⓘ | 1.4 | 5.2 | 1.9 | -2.8 | 0.3 | 5.8 | 4.8 | 2.8 | 1.3 | 3.2 | 1.4 |
| Debt to Equity ⓘ | 1.4 | 1 | 0.8 | 0.8 | 0.8 | 0.6 | 0.5 | 0.5 | 0.4 | 0.4 | - |
| Working Cap Days ⓘ | 575 | 533 | 664 | 632 | 678 | 436 | 448 | 416 | 464 | 417 | 144 |
| Cash Conv. Cycle ⓘ | 243 | 192 | 213 | 235 | 259 | 160 | 168 | 119 | 85 | 74 | 27 |
Valuation of B.L. Kashyap and Son - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 99.46 | 99.46 | 99.46 | 99.46 | 99.43 | 99.39 | 99.37 | 99.36 | 99.34 | 94.44 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 924 | 1,012 | 769 | 820 | 762 | 1,158 | 1,110 | 1,245 | 1,154 | 1,379 |
| Operating Expenses ⓘ + | 835 | 927 | 713 | 799 | 699 | 1,067 | 1,012 | 1,134 | 1,088 | 1,277 |
| Operating Profit ⓘ | 89 | 85 | 57 | 21 | 63 | 90 | 98 | 110 | 65 | 102 |
| Operating Profit Margin (%) | 9.6% | 8.4% | 7.4% | 2.6% | 8.2% | 7.8% | 8.8% | 8.9% | 5.7% | 7.4% |
| Other Income ⓘ + | 2 | 31 | 9 | 16 | 25 | 2 | 20 | 12 | 27 | 22 |
| Interest ⓘ | 83 | 77 | 59 | 69 | 59 | 55 | 51 | 49 | 48 | 43 |
| Depreciation ⓘ | 13 | 12 | 12 | 12 | 11 | 10 | 10 | 10 | 12 | 15 |
| Profit Before Tax ⓘ | -6 | 27 | -10 | -82 | -1 | 66 | 21 | 63 | 50 | 27 |
| Tax ⓘ | -11 | 6 | -3 | -19 | 58 | 22 | -2 | 11 | 23 | 26 |
| Profit After Tax | 5 | 21 | -6 | -63 | -58 | 44 | 22 | 53 | 27 | 2 |
| PAT Margin (%) | 0.6% | 2.0% | -0.8% | -7.7% | -7.7% | 3.8% | 2.0% | 4.2% | 2.4% | 0.1% |
| Adjusted EPS (₹) | 0.3 | 1.0 | -0.3 | -2.8 | -2.6 | 1.9 | 1.0 | 2.3 | 1.2 | 0.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 434 | 498 | 516 | 458 | 379 | 423 | 445 | 496 | 524 | 527 | |
| Debt + | 500 | 434 | 417 | 428 | 422 | 367 | 309 | 307 | 316 | 299 | |
| Minority Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 157 | 201 | 150 | 186 | 164 | 196 | 202 | 247 | 231 | 261 | |
| Others Liabilities ⓘ | 544 | 478 | 598 | 579 | 460 | 372 | 254 | 271 | 365 | 510 | |
| Total Liabilities ⓘ | 1,635 | 1,610 | 1,682 | 1,652 | 1,426 | 1,358 | 1,209 | 1,322 | 1,435 | 1,597 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 88 | 84 | 79 | 70 | 68 | 62 | 73 | 93 | 123 | 162 | |
| CWIP ⓘ | 95 | 97 | 94 | 95 | 0 | 0 | 0 | 2 | 0 | 0 | |
| Investments ⓘ | 343 | 330 | 334 | 241 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 441 | 346 | 328 | 361 | 342 | 340 | 346 | 191 | 194 | 203 | |
| Trade Receivables | 396 | 353 | 371 | 383 | 438 | 348 | 420 | 378 | 437 | 434 | |
| Cash Equivalents | 10 | 12 | 11 | 13 | 26 | 45 | 60 | 33 | 35 | 43 | |
| Others Assets ⓘ | 262 | 388 | 465 | 489 | 552 | 564 | 310 | 626 | 646 | 753 | |
| Total Assets ⓘ | 1,635 | 1,610 | 1,682 | 1,652 | 1,426 | 1,358 | 1,209 | 1,322 | 1,435 | 1,597 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 245 | 117 | 164 | -23 | -181 | 87 | 20 | 79 | 77 | 115 |
| Cash Flow From Investing Activity ⓘ + | -3 | -22 | -2 | 84 | 142 | -14 | 110 | -31 | -29 | -54 |
| Cash Flow From Financing Activity ⓘ | -243 | -45 | -160 | -60 | 52 | -69 | -110 | -80 | -44 | -61 |
| Net Proceeds from Shares ⓘ + | 0 | 41 | 25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -1 | 50 | 2 | 2 | 14 | 5 | 19 | -33 | 4 | -0 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.21 | 4.42 | -1.24 | -12.89 | -13.95 | 10.96 | 5.1 | 11.16 | 5.39 | 0.29 |
| ROCE (%) | 6.46 | 9.11 | 4.6 | -1.24 | 6.26 | 14.19 | 9.19 | 14.29 | 11.98 | 8.5 |
| Asset Turnover Ratio | 0.55 | 0.62 | 0.47 | 0.49 | 0.5 | 0.83 | 0.86 | 0.98 | 0.84 | 0.91 |
| PAT to CFO Conversion(x) | 49 | 5.57 | N/A | N/A | N/A | 1.98 | 0.91 | 1.49 | 2.85 | 57.5 |
| Working Capital Days | ||||||||||
| Receivable Days | 165 | 134.90 | 171.60 | 167.90 | 196.70 | 123.90 | 126.20 | 117 | 128.90 | 115.40 |
| Inventory Days | 178.60 | 141.90 | 160 | 153.40 | 168.20 | 107.50 | 112.80 | 78.70 | 60.80 | 52.60 |
| Payable Days | 133.80 | 134.80 | 199.30 | 161.80 | 166 | 106.60 | 138 | 130.30 | 159.40 | 152 |
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B.L. Kashyap and Sons Ltd FAQs
The current trading price of B.L. Kashyap and Son on 12-Oct-2026 16:59 is ₹57.04.
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-Oct-2026 the market cap of B.L. Kashyap and Son stood at ₹1,285.9 Cr
The latest P/E ratio of B.L. Kashyap and Son as of 11-Oct-2026 is 68.63.
The latest P/B ratio of B.L. Kashyap and Son as of 11-Oct-2026 is 1.72.
The 52-week high of B.L. Kashyap and Son is ₹63.60 and the 52-week low is ₹40.79.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of B.L. Kashyap and Son is ₹1,357 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that B.L. Kashyap and Sons Ltd is a average quality company.
The key valuation ratios of B.L. Kashyap and Sons Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of B.L. Kashyap and Sons Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About B.L. Kashyap and Sons Ltd
B. L. Kashyap and Sons Ltd. (BLK) has firmly established itself as one of the pre-eminent Construction, Infrastructure and Civil Engineering companies with a pan India presence. The company got listed on the stock exchange in 2006.
It is one of the leading Construction, Infrastructure and Civil Engineering companies in India. It has been instrumental in constructing some of its country’s leading buildings & infrastructure, efficiently through cutting edge technical systems and management integration. The pan-India presence of its organization has enabled the company to service the growing infrastructure needs throughout India.
The company specialises in undertaking major industrial, residential and commercial projects. It delivers integrated Engineering, Procurement and Construction (EPC) services for civil construction and infrastructure sector projects. Along with its clients, it delivers projects that create long-term development and economic growth for the country.
The company has a diverse portfolio spread across various industries like IT Campuses, Commercial Spaces, Malls, Hotels, Residential Complexes, Institutions, Factories and Manufacturing Facilities, Healthcare and Transportation. The company has created landmark edifices across the nation. The company also undertakes turnkey projects to set up power generation plants, power transmission and distribution systems, integrated rail and metro systems, residential buildings, townships, commercial buildings, airports, industrial units, chemical process plants, water and waste water management solutions.
Business area of the company
BLK is one of India’s most respected construction and infrastructure development company with a pan India presence. Its service portfolio extends across the construction of factories manufacturing facilities, IT campuses, commercial & residential complexes, malls and hotels.
Business segments
- IT Parks
- Industrial
- Hotels
- Commercial
History and milestones
- 1998: BLK built Wild Flower Hall, an Oberoi Hotel project in Kufri, Himachal Pradesh which is 8250 feet above sea level.
- 2002: BLK constructed Park Hyatt Goa Resort & Spa, Goa, in 2002. This project is the first Park Hyatt in India.
- 2006: The Company entered the Capital Market.
- 2006: IFFCO Sadan Saket, Delhiwas BLK’s First Turnkey Office Building Construction.
- 2007: BLK was among top five construction companies in India for the year 2006 which was listed by Construction World in January 2007.
- 2007: Select City Walk, Saket, Delhi, built by BLK in 2007. It also received the Real Estate Award in 2016, Mall of the Year 2012, 2015 & 2016 - Star Retail Award.
- 2008: BLK was ranked 249 on the Bengaluru Times 500 list of India’s most valuable companies.
- 2008: BLK achieved turnover of more than Rs. 1500 Crores as on 31st March 2008.
- 2009: The Airport Terminal T1 D building in IGI Airport, Delhi was built by BLK in 2009.
- 2011: The Via duct project for DMRC, which was the first major Design-Build, Precast / Pre stressed elevated rail track was built by BLK in 2011.
- 2012: BLK achieved a turnover of more than Rs. 1900 crore as on 31st March 2012.
- 2012: Embassy Tech Village at over 28.36 lakh sqft, is built by BLK on outer ring road, Bengaluru. It was handed over in just 15 months and is the largest Composite Steel Development in India.
- 2013: Hines World Trade Tower, Gurgaon, Haryana - Turnkey office Development was handed over in 18 months (inclusive of all finishing & services). It received the Best Office & Business Development Asia, MIPIM Asia Award in 2013.
- 2013: BLK built a Green Factory for Hero MotoCorp Ltd. In Neemrana, Rajasthan in 1 year with 5.5 MW Solar Panels on Roof, Vegetable Cultivation on Roof as CSR and received Platinum Rating from the Indian Green Building Council.
- 2013: 3 Million sq ft of composite steel and R.C.C structure part of a Design-Build package was completed in one calendar year - the FIRST of its kind in India.
- 2016: Select City Walk, Saket, Delhi, built by BLK was awarded the Retail Mall of the Decade in 2016 by CNBC Awaz.
- 2016: Select City Walk, Saket, Delhi, built by BLK, received the Real Estate Award in 2016 and also revived Mall of the Year 2016 - Star Retail Award.
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