MoneyWorks4Me

BPL Ltd (BPL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500074 NSE: BPL Electronics - Components | Small Cap | BPL Share Price

₹45.85 0.31 (0.68%)

As on 01-Oct'26 16:59

BPL Ltd (BPL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500074 NSE: BPL Electronics - Components | Small Cap | BPL Share Price

₹45.85 0.31 (0.68%)

As on 01-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹225 Cr.
Current Price
₹45.9
52-Week Low / High
₹38 / 84
TTM EPS
₹-3
TTM Sales
₹80 Cr.
Book Value per Share
₹48.5
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
49.2
Price to Book (P/B)
0.95
Lower than its 5-year historical median
Price to Sales (P/S)
2.81
Lower than its 5-year historical median
EV/EBITDA
73.99
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-3.49%
Underperforms industry median
Return on Capital Employed (ROCE)
-1.66%
Underperforms industry median
Return on Assets (ROA)
-1.35%
Operating Profit Margin
6.1%
Net Profit Margin
-10.94%
Gross Profit Margin
6.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-0.31%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-60.98%
Net Profit Growth (1 Year)
-
-9600%
Asset Quality
Promoter Holding
63.13%
Pledged shares (%) of Promoter's holding (%)
79.61%
Reserves
₹188 Cr.
Equity
₹49 Cr.
Face Value
₹10
All Time Low / High
₹7.99 / 636.00

BPL stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Weak
Q.1 Is BPL Ltd a good quality company?
BPL Ltd is a weak quality company, based on a inconsistent 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 BPL Ltd performance compare with that of its Peers?
Q.1 Revenue growth of BPL Ltd vs industry peers?
BPL Ltd revenue CAGR is 14.12%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of BPL Ltd?
Promoters hold 63.13% of the BPL Ltd, with 79.61% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of BPL Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -5.8% 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.
BPL 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ26.7%14.1%3.2%-8.2%1%5.6%7.1%7.1%1.1%-1.7%-
Value Creation
Index ⓘ
0.90-0.8-1.6-0.9-0.6-0.5-0.5-0.9-1.1-

Growth Parameters ⓘ

Sales ⓘ93.912414094.643.838.252.266.478.478.180
Sales YoY Gr.-32.3%12.9%-32.6%-53.7%-12.7%36.7%27.2%18%-0.3%-
Adj EPS ⓘ3-0.40.10.6-4.42.71.22.72.6-0.4-3
YoY Gr.--112.5%NA625%-856.9%NA-56.2%129.3%-2.6%-115.1%-
BVPS (₹) ⓘ32.233.733.934.730.433.848.2515149.348.6
Adj Net
Profit ⓘ
14.5-1.80.42.8-21.5135.71312.7-1.9-15
Cash Flow from Ops. ⓘ-60.13.7-6.58.41.3-0.46.47.59.2-85.7-
Debt/CF from Ops. ⓘ-0.41.7-1.41.49.9-25.70.31.10.9-1.2-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ-2%12.3%14.4%-0.3%
Adj EPS ⓘ-179.8%NA-169.5%-115.1%
BVPSⓘ4.8%10.1%0.8%-3.3%
Share Price -5.8% -18.3% -18.2% -43.5%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
7.3-1.10.21.7-13.58.32.85.45.1-0.8-6.1
Op. Profit
Mgn % ⓘ
-23.58.22.2-17.35.20.212.521.716.36.84
Net Profit
Mgn % ⓘ
15.5-1.50.33-49.133.910.819.616.2-2.4-18.2
Debt to
Equity ⓘ
0.200.10.10.10.10000.40.4
Working Cap
Days ⓘ
8797346749792,0551,820939755666920980
Cash Conv.
Cycle ⓘ
2313733414011683737889-154

Valuation of BPL - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.0079.6179.6179.6179.61
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'16Mar'22Mar'23Mar'24Mar'25Mar'26
Sales917796108403852667878
Operating Expenses ⓘ + 9889101130413846526673
Manufacturing Costs7683123233
Material Costs59496281292529303844
Employee Cost 151714214678911
Other Costs ⓘ 17161825758121615
Operating Profit ⓘ -8-12-5-22-10614125
Operating Profit Margin (%) -8.5%-15.3%-5.5%-20.5%-2.1%0.3%11.2%21.3%15.6%6.1%
Other Income ⓘ + 1397639171611106592
Exceptional Items ⓘ -23-2000000-66-10
Interest ⓘ 115118122122
Depreciation ⓘ 21824022222
Profit Before Tax ⓘ 774921-1714813170-7
Tax ⓘ 1-94013223-57302
Profit After Tax 7658-19-149-8135130-9
PAT Margin (%) 83.6%75.2%-20.0%-138.0%-20.9%33.9%9.7%20.2%0.1%-10.9%
Adjusted EPS (₹)16.312.0-1.2-29.0-1.72.71.02.70.1-1.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'16Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 299358353251227166236249249241
Share Capital ⓘ 218.10218.26218.47218.47218.4748.9148.9848.9848.9848.98
Reserves ⓘ 81140135329117187201200192
Debt +13648230731233030128
Long Term Debt13148230721212222118
Short Term Debt500001029810
Minority Interest18171421770135135135134134
Trade Payables19191632111819192324
Others Liabilities ⓘ -177-195-12419-2152157155147158
Total Liabilities ⓘ 295248411479243501570588584685

Fixed Assets

Net Fixed Assets ⓘ +72273238125356586058
Gross Block2248791997111179838586
Accumulated Depreciation152605961595723252628
CWIP ⓘ 19192993060309309312309308
Investments ⓘ 13711600959124124124124
Inventories89821564559
Trade Receivables181318271161314212425
Cash Equivalents 46734312923
Others Assets ⓘ 365846529960605961159
Total Assets ⓘ 295248411479243501570588584685
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'16Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 7-4832-16-15-1679-86
PBT ⓘ 995120-1714813170-7
Adjustment ⓘ -80-62-254-7-7-611211
Changes in Working Capital ⓘ -12-3836-2-22-1-0-11-3-90
Tax Paid ⓘ -0-000-000000
Cash Flow From Investing Activity ⓘ + 159112-134-8844-861-1
Capex 158112-134-1113-0-4-648-0
Net Investments 0000-5-0-1-33-1
Others ⓘ 10030491101
Cash Flow From Financing Activity ⓘ + -169-63103516-4-106-7587
Net Proceeds from Shares ⓘ 1012675000000
Net Proceeds from Borrowing ⓘ 0-89-25-237000096
Interest Paid ⓘ -25-5-11-8-1-2-2-1-2-1
Dividend Paid ⓘ 0-0-0-0000000
Others ⓘ -145301370-2-97-73-8
Net Cash Flow ⓘ -31127-1-105-5-0
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'16Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)83.1536.52-10.28-112.48-12.1811.62.525.520.04-3.49
ROCE (%)18.2112.367.94-2.726.054.366.166.570.87-1.66
Asset Turnover Ratio0.270.290.30.250.120.10.10.110.130.12
PAT to CFO Conversion(x)0.09-0.83N/AN/AN/A-0.081.20.54N/AN/A
Working Capital Days
Receivable Days65.9070.6057.6073.80595.406159496.80105.50114.20
Inventory Days35.9041.1032.2048.20109.1050.4035.7025.3023.5032.80
Payable Days279.60142.20103106.30270.10208.70235.40229.90200.20192.10

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Announcements

BPL Ltd FAQs

The current trading price of BPL on 01-Oct-2026 16:59 is ₹45.85.

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 30-Sep-2026 the market cap of BPL stood at ₹224.6 Cr

The latest P/E ratio of BPL as of 30-Sep-2026 is 0.00.

The latest P/B ratio of BPL as of 30-Sep-2026 is 0.94.

The 52-week high of BPL is ₹83.50 and the 52-week low is ₹38.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BPL is ₹80.04 ( Cr.) .

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

The key valuation ratios of BPL Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

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

About BPL Ltd

Incorporated in 1963 as a private limited concern under the name British Physical Laboratories India, the company is popularly known as BPL. The company was established as a single product company manufacturing high precision hermetically sealed panel meters for defence applications.

Within a span of five years, BPL has exemplified the quest for excellence in the world of medical products becoming the country’s foremost in manufacturing electro-cardiographs. With the increasing nationwide infrastructure development in power and telecommunication, BPL ventured into this field with its Power Line Communications Carrier (PLCC) and continues to be a leader in this field. With the advent of televisions in India, BPL used its manufacturing strengths and strong technical tie up with Sanyo of Japan to launch the BPL brand televisions in the Indian market. With relentless commitment to quality, consistent dedication to customer satisfaction and unparalleled standards of service, BPL is recognized as a benchmark for new age technology, superior quality, digital concepts and personalized service that has ensured loyal customers and nationwide acclaim in the industry.

The company operates subsidiaries namely BPL Display Devices, Bharat Energy Ventures, and BPL Securities.

BPL established its image as a reliable and strong brand in the consumer durables market, a reputation that it still enjoys. In India, BPL has its footprint across the country through a distribution network comprising of over 7000 channel partners.

Products

  • Mobile Products
  • Landline Phones
  • Home Theatre
  • Television
  • Household products that includes products for home lighting, home UPS, gas tables and cooking hubs.
  • Medical systems, which includes healthcare products caters various segments such as cardiology, patient monitoring systems, imaging, gynaecology, oxyenators, nebulisers and welch allyn range.
  • Enterprise communication products include communication solutions, digital switches, mini EPABX systems, DKX series of telephone systems and convex voice processing system.
  • Energy communications equipments
  • Other products include engineering design and tool room, moulding shop, PCB and GSM modules.

Milestones

  • 1963: British Physical Laboratories India -- a private limited established for the manufacture of hermetically sealed panel meters in collaboration with BPL (Instruments), UK.
  • 1967: Commencement of manufacture of electrocardiographs in technical collaboration with Fukuda Electric Co, Japan.
  • 1971: Commencement the manufacture of Power Line Carrier Communication Equipment.
  • 1972: The company formed technical collaboration with Nihon Kohden Kogyo Company, Japan for patient monitoring systems.
  • 1975: The company established an independent marketing and sales department.
  • 1979: BPL collaborated with Gestetner of the UK to manufacture of plain paper copiers.
  • 1982: BPL forayed into consumer electronics.
  • 1984: It started manufacturing of EPABX and telephone instruments.
  • 1985: BPL received industrial license for manufacture of VCRs in collaboration with Sanyo.
  • 1989: The company diversified into home appliance business in collaboration with Sanyo.
  • 1994: It started manufacturing of kitchen appliances.
  • 1995: The company commenced of mobile telephony services in Mumbai, Maharashtra, Tamilnadu and Kerala.
  • 1996: BPL took over Uptron's CPT unit from BIFR.
  • 1997: It diversified into the manufacture and distribution of batteries (dry cells and alkaline).
  • 2000: The company formed strategic alliance with Slovenian Manufacturing Company for off-shore manufacturing in Europe.
  • 2001: BPL set up state-of-the-art design and development centre for systems and embedded software solutions at BPL Telecom.
  • 2005: The company entered into a JV with Sanyo for CTV manufacture and distribution.

Future Plans

BPL’s R&D facility is continuously working on developing new products in order to cater domestic and international consumers.

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