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BSL Ltd (BSL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514045 NSE: BSL Textile - Weaving | Small Cap | BSL Share Price
₹125.50 1.90 (1.54%)
As on 03-Aug'26 16:59
BSL Ltd (BSL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514045 NSE: BSL Textile - Weaving | Small Cap | BSL Share Price
₹125.50 1.90 (1.54%)
As on 03-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹129 Cr.
Current Price
₹125.5
52-Week Low / High
₹98 / 209
TTM EPS
₹2.3
TTM Sales
₹657 Cr.
Book Value per Share
₹116.5
P/E Ratio
54.36
Higher than its 5-year historical median
Industry PE
17
Price to Book (P/B)
1.08
Lower than its 5-year historical median
Price to Sales (P/S)
0.20
Lower than its 5-year historical median
EV/EBITDA
11.40
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
1.99%
Outperforms industry median
Return on Capital Employed (ROCE)
6.01%
Underperforms industry median
Return on Assets (ROA)
0.38%
Operating Profit Margin
7.5%
Net Profit Margin
0.36%
Gross Profit Margin
2.5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-1.5%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-17.57%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-70.83%
Asset Quality
Promoter Holding
56.72%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹110 Cr.
Equity
₹10.3 Cr.
Face Value
₹10
All Time Low / High
₹9.35 / 333.00
Check Before You Invest
Quality
Not GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is BSL Ltd a good quality company?
BSL 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 BSL Ltd performance compare with that of its Peers?
Revenue growth of BSL Ltd vs industry peers?
BSL Ltd revenue CAGR is 15.37%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of BSL Ltd?
Promoters hold 56.72% of the BSL Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of BSL Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 4.3% 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.
BSL 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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.1% | 6.2% | 7.5% | 7.2% | 7.6% | 11.6% | 11.4% | 9.5% | 7.8% | 6% | - |
| Value Creation Index ⓘ | -0.3 | -0.6 | -0.5 | -0.5 | -0.5 | -0.2 | -0.2 | -0.3 | -0.4 | -0.6 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 440 | 403 | 437 | 390 | 321 | 436 | 472 | 666 | 667 | 657 | 657 |
| Sales YoY Gr. | - | -8.5% | 8.6% | -10.8% | -17.6% | 35.6% | 8.2% | 41.3% | 0.1% | -1.5% | - |
| Adj EPS ⓘ | 4.1 | -0.2 | -1 | 1.4 | 1 | 10.6 | 17.5 | 10.7 | 7.7 | 2.1 | 2.3 |
| YoY Gr. | - | -104.9% | NA | NA | -25.2% | 949.5% | 65.1% | -38.9% | -28.3% | -73% | - |
| BVPS (₹) ⓘ | 76.8 | 75.5 | 74.6 | 72.9 | 76.1 | 86.8 | 101.1 | 109.5 | 115.9 | 116.5 | 116.5 |
| Adj Net Profit ⓘ | 4.2 | -0.2 | -1 | 1.4 | 1 | 10.9 | 18 | 11 | 7.9 | 2.1 | 2 |
| Cash Flow from Ops. ⓘ | 11 | 37.4 | 20.2 | 28.6 | 16.6 | 2.6 | 18.8 | -39.5 | 57 | 49.4 | - |
| Debt/CF from Ops. ⓘ | 16.1 | 4.7 | 8.5 | 5.6 | 9.8 | 72.2 | 18.4 | -11.1 | 7.4 | 8.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.6% | 15.4% | 11.7% | -1.5% | ||||
| Adj EPS ⓘ | -7.3% | 15.4% | -50.9% | -73% | ||||
| BVPSⓘ | 4.7% | 8.9% | 4.8% | 0.5% | ||||
| Share Price | 4.5% | 12.7% | -10.6% | -17.1% | ||||
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 % ⓘ | 5.5 | -0.3 | -1.3 | 1.8 | 1.4 | 13 | 18.6 | 10.2 | 6.8 | 1.8 | 2 |
| Op. Profit Mgn % ⓘ | 8.1 | 7.4 | 7 | 7.5 | 9 | 9.2 | 11.3 | 9.8 | 8.9 | 7.5 | 7.5 |
| Net Profit Mgn % ⓘ | 1 | -0.1 | -0.2 | 0.4 | 0.3 | 2.5 | 3.8 | 1.7 | 1.2 | 0.3 | 0.4 |
| Debt to Equity ⓘ | 2.2 | 2.3 | 2.2 | 2.2 | 2.1 | 2.1 | 3.3 | 3.9 | 3.5 | 3.7 | 1.2 |
| Working Cap Days ⓘ | 120 | 153 | 141 | 159 | 194 | 158 | 171 | 157 | 179 | 183 | 110 |
| Cash Conv. Cycle ⓘ | 84 | 93 | 84 | 92 | 123 | 103 | 109 | 121 | 144 | 145 | 7 |
Valuation of BSL - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* 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 | 440 | 403 | 437 | 390 | 321 | 436 | 472 | 666 | 667 | 657 |
| Operating Expenses ⓘ + | 404 | 373 | 407 | 361 | 293 | 396 | 418 | 601 | 607 | 608 |
| Operating Profit ⓘ | 36 | 30 | 31 | 29 | 29 | 40 | 53 | 65 | 60 | 49 |
| Operating Profit Margin (%) | 8.1% | 7.4% | 7.0% | 7.5% | 9.0% | 9.2% | 11.3% | 9.8% | 8.9% | 7.5% |
| Other Income ⓘ + | 4 | 3 | 4 | 2 | 1 | 2 | 1 | 1 | 1 | 1 |
| Interest ⓘ | 15 | 14 | 18 | 18 | 17 | 14 | 19 | 33 | 32 | 30 |
| Depreciation ⓘ | 16 | 17 | 16 | 13 | 12 | 12 | 11 | 18 | 18 | 17 |
| Profit Before Tax ⓘ | 9 | 2 | 1 | -1 | 1 | 16 | 23 | 15 | 11 | 3 |
| Tax ⓘ | 3 | 1 | 0 | -3 | -0 | 5 | 6 | 4 | 3 | 0 |
| Profit After Tax | 6 | 1 | 1 | 2 | 1 | 11 | 17 | 11 | 8 | 2 |
| PAT Margin (%) | 1.4% | 0.3% | 0.2% | 0.4% | 0.4% | 2.6% | 3.6% | 1.7% | 1.2% | 0.4% |
| Adjusted EPS (₹) | 5.8 | 1.0 | 0.9 | 1.6 | 1.3 | 11.2 | 16.4 | 10.9 | 7.9 | 2.3 |
| Dividend Payout Ratio (%) | 20.90% | 100.20% | 0% | 0% | 0% | 10.80% | 9.10% | 9.20% | 10.10% | 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 + | 79 | 78 | 77 | 75 | 78 | 89 | 104 | 113 | 119 | 120 | |
| Debt + | 159 | 160 | 157 | 155 | 150 | 173 | 333 | 416 | 394 | 416 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 39 | 50 | 48 | 53 | 21 | 48 | 46 | 25 | 45 | 38 | |
| Others Liabilities ⓘ | 54 | 50 | 47 | 38 | 41 | 49 | 59 | 64 | 69 | 66 | |
| Total Liabilities ⓘ | 330 | 337 | 328 | 322 | 290 | 359 | 542 | 618 | 627 | 640 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 111 | 115 | 100 | 89 | 78 | 74 | 229 | 231 | 219 | 231 | |
| CWIP ⓘ | 4 | 1 | 1 | 0 | 0 | 7 | 0 | 0 | 6 | 17 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 102 | 116 | 118 | 139 | 116 | 141 | 185 | 210 | 240 | 222 | |
| Trade Receivables | 87 | 86 | 84 | 69 | 70 | 89 | 98 | 144 | 131 | 143 | |
| Cash Equivalents | 1 | 1 | 0 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | |
| Others Assets ⓘ | 26 | 19 | 23 | 23 | 26 | 46 | 30 | 32 | 30 | 28 | |
| Total Assets ⓘ | 330 | 337 | 328 | 322 | 290 | 359 | 542 | 618 | 627 | 640 | |
| 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 ⓘ + | 11 | 37 | 20 | 29 | 17 | 3 | 19 | -39 | 57 | 49 |
| Cash Flow From Investing Activity ⓘ + | -24 | -17 | -0 | -2 | -1 | -15 | -160 | -20 | -11 | -39 |
| Cash Flow From Financing Activity ⓘ + | 13 | -21 | -20 | -27 | -15 | 13 | 141 | 60 | -46 | -10 |
| Net Cash Flow ⓘ | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.78 | 1.31 | 1.13 | 2.19 | 1.77 | 13.7 | 17.49 | 10.36 | 7.03 | 1.99 |
| ROCE (%) | 10.1 | 6.18 | 7.45 | 7.23 | 7.56 | 11.62 | 11.41 | 9.54 | 7.8 | 6.01 |
| Asset Turnover Ratio | 1.87 | 1.56 | 1.74 | 1.62 | 1.36 | 1.74 | 1.4 | 1.4 | 1.29 | 1.25 |
| PAT to CFO Conversion(x) | 1.83 | 37 | 20 | 14.5 | 17 | 0.27 | 1.12 | -3.55 | 7.13 | 24.5 |
| Working Capital Days | ||||||||||
| Receivable Days | 48.80 | 60.50 | 53.70 | 53.40 | 60.60 | 51.30 | 54.10 | 54.20 | 62.30 | 63.10 |
| Inventory Days | 57.40 | 76.40 | 73.70 | 89.60 | 111.70 | 83.20 | 94.60 | 88.90 | 102.20 | 106.60 |
| Payable Days | 40.10 | 79.20 | 77.90 | 96.30 | 86.70 | 58.90 | 77.20 | 35 | 34.50 | 40.50 |
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Announcements
BSL Ltd FAQs
The current trading price of BSL on 03-Aug-2026 16:59 is ₹125.5.
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-Aug-2026 the market cap of BSL stood at ₹129.2 Cr
The latest P/E ratio of BSL as of 02-Aug-2026 is 54.36.
The latest P/B ratio of BSL as of 02-Aug-2026 is 1.08.
The 52-week high of BSL is ₹208.9 and the 52-week low is ₹98.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BSL is ₹657 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that BSL Ltd is a below average quality company.
The key valuation ratios of BSL Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
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.
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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