BSL Ltd Stock Analysis

BSE: 514045 | NSE: BSL | Textile - Weaving | Small Cap

BSE Share Price 02-Dec-2022 18:01
199.80 -3.60 (-1.77%)

DeciZen - Make an Informed Decision on BSL

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

BSL Price Chart

P/E Ratio (SA) :
15.97
Market Cap :
205.6 Cr.
52-wk low :
85.2
52-wk high :
238
Bole Toh?

1. Is BSL Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that BSL Ltd is a average quality company.

2. Is BSL Ltd undervalued or overvalued?

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

3. Is BSL Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of BSL Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of BSL:

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.
BSL Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 6.1%6.8%8.1%7.7%6.2%3.8%4.5%5.9%5.4%8%-
Value Creation Index -0.6-0.5-0.4-0.5-0.6-0.7-0.7-0.6-0.6-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 295338380378440403437390321436478
YoY Gr. Rt. %-14.6%12.3%-0.4%16.3%-8.5%8.6%-10.8%-17.6%35.6%-
Adj EPS 0.32.86.86.44.1-0.2-11.4110.612.5
YoY Gr. Rt. %-812.9%138.9%-5.9%-35.7%-104.9%NANA-25.2%949.5%-
BVPS (₹) 61.86565.371.276.875.574.672.976.186.892.8
Adj Net Profit 0.32.976.64.2-0.2-11.4110.913
Cash Flow from Ops. 25.531.524.5441137.420.228.616.62.6-
Debt/CF from Ops. 6.14.55.93.216.14.78.55.69.872.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.4%-0.2%-0.1%35.6%
Adj EPS 48.1%21%NA949.5%
BVPS 3.82.55.214.1
Share Price 28.8% 23.9% 93.7% 111.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 0.54.510.49.35.5-0.3-1.31.81.41313.9
Op. Profit Mgn % 10.910.210.19.68.17.477.599.29.2
Net Profit Mgn % 0.10.91.81.71-0.1-0.20.40.32.52.7
Debt to Equity 2.42.12.21.92.22.32.22.22.12.10.7
Working Cap Days 136126117114120153141159194158186
Cash Conv. Cycle 857877858493849212310329

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.90%

Sales growth is good in last 4 quarters at 25.55%

Sales growth has been subdued in last 3 years -0.11%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 2.08

Latest Financials - BSL Ltd.

Standalone Consolidated
TTM EPS (₹) 12.5 -
TTM Sales (₹ Cr.) 478 -
BVPS (₹.) 92.8 -
Reserves (₹ Cr.) 85 -
P/BV 2.15 -
PE 15.97 -
From the Market
52 Week Low / High (₹) 85.20 / 238.00
All Time Low / High (₹) 9.35 / 238.00
Market Cap (₹ Cr.) 206
Equity (₹ Cr.) 10.3
Face Value (₹) 10
Industry PE 12.1

Management X-Ray of BSL :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of BSL

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

BSL Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of BSL on 02-Dec-2022 18:01 is : 199.8.
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 02-Dec-2022 18:01 the market cap of BSL stood at ₹ 205.6.
The latest PE ratio of BSL as of 02-Dec-2022 18:01 is 15.97.
The latest PB ratio of BSL as of 02-Dec-2022 18:01 is 2.15
The 52-week high of BSL is ₹ 238.0 and the 52-week low is ₹ 85.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of BSL is ₹ 478.1 ( Cr.) .

About BSL Ltd

BSL is the second member of the LNJ Bhilwara Group, BSL Ltd, was born in the desert state of Rajasthan in the year 1971 in the town of Bhilwara.

Today, as a multi-million dollar company, and having put the Group firmly on the international map of premium suitings, it is one of the prominent members of the $363 million LNJ Bhilwara Group.

The product profile of the company covers materials ranging from wool, wool-blended and premium lightweight fabrics, to wool modal, Trevira wool and other specialised fabrics blended with lycra, silk, linen, tencel, etc.

With over quarter of a century of experience in textile manufacturing, BSL currently produces over 12 million meters of fabric every year.

BSL continues to be on the cutting edge of manufacturing technology and systems. In quest for excellence, great attention is paid to details at every stage of production--from raw material to finished product

Product range of the company includes:

  • Yarns to fashion fabrics - BSL is one of the leading manufacturers of fashion fabrics and yarns in India. It produces a wide range of polyester viscose fabrics and premium range of worsted suitings, including Cashmere, Mohair, Angora and Camelhair blends. The company uses the finest Australian Merino wool for making woollen fabrics & the Low Pill Trevira polyester for making wool blends, which are imported from Hoechst, Germany. For making special fibre fabrics, it uses silk imported from China. The dyes and chemicals used for manufacturing fabric are procured leading companies like Clariant, BASF, Ciba, Bayer and Henkel. And, keeping up with the rapidly changing consumer behaviour towards the readymade garments segment, BSL has made forays in this segment with ready-made trousers under La Italia brand name. It has also recently launched a range of premium readymade shirts and accessories under La Italia brand
  • BSL Yarns - These are made from the finest Australian Merino wool that is spun to perfection on latest manufacturing systems. Meeting the most stringent international quality standards, yarns comprise a sizeable chunk of the company's export turnover. This is possible because of the company's stringent quality policy and attention to detail at every stage of production.
  • Polyester Wool Blended Suitings- BSL's polyester wool blended suitings offer a perfect blend of 100% Australian New Merino Wool ranging from 22.5 to 17 microns and Treveira/ Tergal polyester. This combination of natural and man-made fibers in 2/24 Nm to 2/100 Nm offers the best of both the worlds. The pure Merino Wool lends it the richness and sophistication, while the polyester endows it with an exciting fall and feel. This makes the fabric ideal for light winter, formal and party-wear for both men and women. BSL also offers specialised fabrics of wool blended with Lycra, Linen, Silk, Tencel, Modal etc.
  • Polyester Viscose & Polyester Cotton Blended Suitings - These exciting modern fabrics are created through blends of the finest quality polyester, viscose and Polyester cotton.Thanks to the most advanced weaving and processing technology , BSL presents a fabric with yarns of 2/15 Ne to 2/60 Ne that are impeccable and finest in finish.
  • Purewool Suitings - Immaculate Purewool Suitings are created from the purest of raw materials -- Australian New Marino Wool in 22.5 mocrons to 17 microns with yarns of 2/24 Nm to 2/80 Nm. Soft to touch and superior in drape, this is a result of a flawless blending of the finest wool with latest technology. BSL Purewool suitings are both fashionable and elegant. With an amazing natural softness, the fabric is ideal for fashioning men's as well as ladies wear.
  • Readymade Garments - BSL is setting trends with its La Italia premium range in the world of fashion. Available in a variety of fabrics like cotton, polycotton, polywool and polyester viscose, the premium range of trousers has been a run away success in the readymade garment segment. The La Italia range of trousers is available in straight, relaxed and wrinkle-free fits. The recently launched readymade shirts and accessories range under the same name have been well accepted by the discerning public.

Awards /Achievements

The company has received ISO 9002 quality certification besides the National Certificate of Merit for outstanding export performance.

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