BSL

Why is BSL Ltd falling/rising?

As of 20-Aug, BSL Ltd's stock price is at 121.10, reflecting a decline of 1.54% and a year-to-date drop of 21.82%. The stock has underperformed compared to the Sensex and its sector, trading below all moving averages despite increased investor participation.

As of 20-Aug, BSL Ltd's stock price is falling, currently at 121.10, which reflects a decrease of 1.9 or 1.54%. This decline is evident in the stock's performance over various periods, with a year-to-date drop of 21.82% compared to a 9.02% decline in the Sensex. Over the past year, BSL Ltd has decreased by 24.24%, while the Sensex has only fallen by 5.28%. Additionally, the stock has underperformed its sector by 2.4% today and is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. <BR><BR>Despite a rise in investor participation, with a delivery volume increase of 35.68% against the 5-day average, the overall sentiment appears negative, contributing to the stock's downward trend.

Which are the latest news on BSL?

Who are in the management team of BSL?

The management team of BSL includes Arun Churiwal (Chairman/Executive Director), Nivedan Churiwal (Executive Director/Joint Managing Director), and several non-executive and independent directors, including Ravi Jhunjhunwala and Sushil Jhunjhunwala, among others. Praveen Kumar Jain serves as the Executive Director and Chief Financial Officer.

The management team of BSL includes the following individuals:<BR><BR>1. **Arun Churiwal** - Chairman / Executive Director<BR>2. **Nivedan Churiwal** - Executive Director / Joint Managing Director / Promoter<BR>3. **Ravi Jhunjhunwala** - Non-Executive Director<BR>4. **Shekar Agarwal** - Non-Executive Director<BR>5. **Sushil Jhunjhunwala** - Independent Non-Executive Director<BR>6. **A N Choudhury** - Independent Non-Executive Director<BR>7. **G P Singhal** - Independent Non-Executive Director<BR>8. **Abhilasha Mimani** - Independent Non-Executive Director<BR>9. **J C Laddha** - Independent Non-Executive Director<BR>10. **Praveen Kumar Jain** - Executive Director & Chief Financial Officer<BR><BR>This team oversees the strategic direction and management of the company.

What does BSL do?

BSL Ltd is a major vertically integrated textile company in India, specializing in garments and apparel, with a market cap of INR 125 Cr and reported net sales of 170 Cr and a net profit of 2 Cr for June 2026. The company has a P/E ratio of 35.00 and a dividend yield of 0.66%.

Overview:<BR>BSL Ltd is one of India's largest vertically integrated textile companies, operating in the Garments & Apparels industry within the Micro Cap market segment.<BR><BR>History:<BR>Incorporated on 24 October 1970, BSL Ltd was initially promoted as Bhartiya Udyog Sangh and was taken over in 1971 by Jhunjhunwala. The latest quarterly results reported net sales and profit for June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 170 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 2 Cr (Quarterly Results - Jun 2026)<BR>- Market Cap: INR 125 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 35.00<BR>- Industry P/E: 28<BR>- Dividend Yield: 0.66%<BR>- Debt Equity: 3.66<BR>- Return on Equity: 3.03%<BR>- Price to Book: 1.05<BR><BR>Contact Details:<BR>Address: 26 Industrial Area, Gandhi Nagar Bhilwara Rajasthan : 311001<BR>Tel: 91-01482-249101-102/245000<BR>Email: accounts@bslsutings.com<BR>Website: http://www.bslltd.com

Who are the peers of the BSL?

BSL's peers include Salona Cotspin, Praxis Home, APM Industries, Indian CardCloth, Premco Global, Weizmann, Scoobee Garments, Bhilwara Spinner, and Lambodhara Text, with APM Industries showing the highest 1-year return at 52.70% and Praxis Home the lowest at -40.46%. BSL's 1-year return is -17.57%.

Peers: The peers of BSL are Salona Cotspin, Praxis Home, APM Industries, Indian CardCloth, Premco Global, Weizmann, Scoobee Garments, Bhilwara Spinner, and Lambodhara Text.<BR><BR>Quality Snapshot: Excellent management risk is observed at Bhilwara Spinner, while Average management risk is found at Salona Cotspin, Scoobee Garments, and Lambodhara Text., and the rest. Below Average management risk is present at Praxis Home, APM Industries, Indian CardCloth, Premco Global, Weizmann. Growth is Excellent at Bhilwara Spinner, Below Average at Salona Cotspin, Praxis Home, APM Industries, Indian CardCloth, Premco Global, Weizmann, Scoobee Garments, Lambodhara Text., and the rest. Average capital structure is noted at Lambodhara Text., while Good capital structure is seen at APM Industries, Premco Global, and Weizmann, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is APM Industries at 52.70%, while the lowest is Praxis Home at -40.46%. BSL's own 1-year return is -17.57%, which is higher than Praxis Home's but lower than APM Industries'. Additionally, the six-month return is negative for Praxis Home, Premco Global, Weizmann, Scoobee Garments, and BSL.

How big is BSL?

As of 14th August, BSL Ltd has a market capitalization of 125.72 Cr, classifying it as a Micro Cap company, with recent net sales of 668.75 Cr and a net profit of 3.63 Cr over the last four quarters.

As of 14th August, <BR><BR>Market Cap: BSL Ltd has a market capitalization of 125.72 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 668.75 Cr, while the sum of Net Profit for the same period is 3.63 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2026, with Shareholder's Funds amounting to 119.91 Cr and Total Assets valued at 640.12 Cr.

Should I buy, sell or hold BSL Ltd?

Are BSL Ltd latest results good or bad?

BSL Ltd's latest Q4 FY26 results are concerning, showing a net loss of ₹0.99 crore compared to a profit of ₹0.28 crore last year, alongside an 11.43% revenue drop. Overall, the financial health is declining, indicating a need for significant operational improvements.

BSL Ltd's latest results for Q4 FY26 indicate a troubling financial performance. The company reported a net loss of ₹0.99 crore, a significant decline from a profit of ₹0.28 crore in the same quarter last year. This marks a sharp reversal from profitability, highlighting serious operational challenges.<BR><BR>Revenue for the quarter also decreased to ₹147.81 crore, which is an 11.43% drop compared to the previous quarter and a 4.95% decline year-on-year. The operating margin fell to 6.82%, down from 7.99% in Q4 FY25, reflecting increasing cost pressures that the company has struggled to manage.<BR><BR>For the full fiscal year FY26, BSL's net sales were ₹657.04 crore, showing a slight decline of 1.51% from the previous year, but the profit after tax plummeted by 70.25% to ₹2.38 crore. This deterioration in profitability, despite relatively stable revenue, suggests significant margin compression.<BR><BR>Overall, the results are concerning, with multiple indicators pointing to declining financial health, including high leverage and weak interest coverage ratios. The company's operational challenges and the lack of institutional investor interest further compound the negative outlook. Therefore, the latest results can be characterized as bad, indicating a need for substantial operational improvement and financial restructuring.

When is the next results date for BSL Ltd?

The next results date for BSL Ltd is 19 May 2026.

The next results date for BSL Ltd is scheduled for 19 May 2026.

How has been the historical performance of BSL?

BSL's historical performance shows steady growth in net sales and total assets, increasing from INR 321.42 crore in March 2021 to INR 667.06 crore in March 2025. However, profitability has declined, with profit before tax dropping from INR 22.56 crore in March 2023 to INR 10.72 crore in March 2025, and cash flow from operating activities turning negative in March 2024.

Answer:<BR>The historical performance of BSL shows a mixed trend over the years, with fluctuations in net sales, profits, and expenses.<BR><BR>Breakdown:<BR>BSL's net sales have shown a steady increase from INR 321.42 crore in March 2021 to INR 667.06 crore in March 2025, with a slight rise from INR 666.45 crore in March 2024. Total operating income followed a similar trajectory, reaching INR 667.06 crore in March 2025. However, total expenditure has also risen, from INR 292.52 crore in March 2021 to INR 607.46 crore in March 2025. Operating profit (PBDIT) has varied, peaking at INR 65.95 crore in March 2024 but dropping to INR 60.32 crore in March 2025. Profit before tax saw a decline from INR 22.56 crore in March 2023 to INR 10.72 crore in March 2025, while profit after tax also decreased from INR 16.91 crore in March 2023 to INR 8.16 crore in March 2025. The company's total assets grew from INR 320.66 crore in March 2020 to INR 626.75 crore in March 2025, alongside total liabilities increasing from INR 155.17 crore to INR 421.28 crore in the same period. Cash flow from operating activities turned negative in March 2024 at INR -39 crore, contrasting with positive cash flows in previous years. Overall, BSL's financial performance reflects growth in sales and assets but challenges in profitability and cash flow management.

Is BSL overvalued or undervalued?

As of October 15, 2025, BSL is considered fairly valued with a PE ratio of 28.16, an EV to EBITDA of 10.59, and a ROE of 5.30%, showing relative attractiveness compared to peers but underperforming the Sensex year-to-date with a return of -36.64%.

As of 15 October 2025, BSL's valuation grade has moved from very attractive to attractive, indicating a shift in market perception. The company is currently considered fairly valued. Key ratios include a PE ratio of 28.16, an EV to EBITDA of 10.59, and a ROE of 5.30%. <BR><BR>In comparison to its peers, BSL's PE ratio is lower than K P R Mill Ltd, which has a PE of 42.24, and Trident, which stands at 32.51. This suggests that while BSL is relatively attractive, it is still priced higher than some of its peers like Vardhman Textile, which has a PE of 13.72. Notably, BSL's stock has underperformed the Sensex year-to-date, with a return of -36.64% compared to the Sensex's 5.72%, reinforcing the notion that the stock may be fairly valued in the current market context.

Who are the top shareholders of the BSL?

The top shareholders of BSL include promoters, with Arun Kumar Churiwal holding the largest share at 9.97%, and public shareholder Sangeetha S at 3.99%. Individual investors own 27.08% of the shares, while a Foreign Institutional Investor holds 0.02%, with no pledged promoter holdings or mutual fund schemes involved.

The top shareholders of BSL include the promoters, who hold the majority of the shares. Among them, Arun Kumar Churiwal is the promoter with the highest holding at 9.97%. The highest public shareholder is Sangeetha S, who holds 3.99%. Additionally, individual investors collectively hold 27.08% of the shares. There is also one Foreign Institutional Investor (FII) that holds a small stake of 0.02%. Notably, there are no pledged promoter holdings or mutual fund schemes involved in the shareholding.

What is the technical trend for BSL?

As of May 28, 2025, BSL's technical trend has shifted to bearish, supported by negative signals from the MACD, Bollinger Bands, and daily moving averages, despite a mildly bullish KST on the weekly timeframe.

As of 28 May 2025, the technical trend for BSL has changed from mildly bearish to bearish. The current stance is bearish with a strong indication from the weekly MACD and Bollinger Bands both signaling bearish trends. The daily moving averages also confirm a bearish outlook. The KST shows a mildly bullish signal on the weekly timeframe, but this is overshadowed by the overall bearish sentiment. The Dow Theory reflects a mildly bearish stance on both weekly and monthly bases. Overall, the indicators suggest a strong bearish trend in the short term, with no significant bullish signals present.

Has BSL declared dividend?

Yes, BSL Ltd has declared a 10% dividend, amounting to 1 per share, with an ex-date of July 30, 2024. Despite this, recent total returns show significant volatility, with negative returns in the short term but substantial gains over longer periods.

BSL Ltd has declared a 10% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Amount per share: 1<BR>- Ex-date: 30 Jul 24<BR><BR>Dividend Yield: 0.71%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, BSL Ltd experienced a price return of -47.73%, a dividend return of 0%, resulting in a total return of -47.73%.<BR><BR>Over the past year, the company had a price return of -21.6%, a dividend return of 0.54%, leading to a total return of -21.06%.<BR><BR>In the 2-year period, BSL Ltd recorded a price return of -27.83%, a dividend return of 1.26%, culminating in a total return of -26.57%.<BR><BR>For the last 3 years, the price return was 28.22%, with a dividend return of 4.22%, resulting in a total return of 32.44%.<BR><BR>In the 4-year period, the company saw a price return of 130.01%, a dividend return of 6.53%, which led to a total return of 136.54%.<BR><BR>Finally, over the past 5 years, BSL Ltd achieved a price return of 471.67%, a dividend return of 14.40%, resulting in a total return of 486.07%.<BR><BR>Overall, while BSL Ltd has declared a dividend, the recent total returns indicate significant volatility, with negative returns in the shorter terms but substantial gains over longer periods. The dividend yield remains relatively low, suggesting that investors may be more focused on price appreciation than income generation from dividends.