BSL

Why is BSL Ltd falling/rising?

As of 10-Jun, BSL Ltd's stock price is at 125.00, showing a slight upward change today. However, the stock has significant long-term declines and reduced investor participation, indicating limited potential for recovery.

As of 10-Jun, BSL Ltd's stock price is currently at 125.00, reflecting a change of 0.4 (0.32%) upward. The stock has shown a performance today that outperformed the sector by 0.63%, indicating a positive movement relative to its peers. This rise comes after two consecutive days of decline, suggesting a potential trend reversal.<BR><BR>However, despite this short-term gain, the stock has experienced significant declines over longer periods, with a year-to-date drop of 19.30% and a 3-year decline of 36.84%. In the last month, the stock has decreased by 5.02%, while the benchmark Sensex has only fallen by 4.33% during the same period, indicating that BSL Ltd has underperformed in the longer term.<BR><BR>Additionally, there is a concerning trend in investor participation, as the delivery volume on June 9 fell by 67.55% compared to the 5-day average, suggesting a decrease in investor interest. While the stock is currently trading above its 50-day moving average, it remains below the 5-day, 20-day, 100-day, and 200-day moving averages, which may indicate a lack of sustained upward momentum.<BR><BR>In summary, while BSL Ltd is experiencing a slight rise today, the overall trend shows significant declines over various time frames, coupled with reduced investor participation, which may limit the stock's potential for recovery in the near term.

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 129 Cr. As of March 2026, it reported net sales of 148 Cr and a net profit of -1 Cr, with a P/E ratio of 54.00.

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 the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 148 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: -1 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 129 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 54.00 <BR>Industry P/E: 23 <BR>Dividend Yield: 0.64% <BR>Debt-Equity: 3.66 <BR>Return on Equity: 1.98% <BR>Price to Book: 1.07 <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

Which are the latest news on BSL?

How big is BSL?

As of 10th June, BSL Ltd has a market capitalization of 129.00 Cr, classifying it as a Micro Cap company, with net sales of 657.04 Cr and a net profit of 2.38 Cr reported in the latest four quarters.

As of 10th June, BSL Ltd has a market capitalization of 129.00 Cr, which classifies it as a Micro Cap company.<BR><BR>In the latest four quarters, BSL Ltd reported net sales of 657.04 Cr and a net profit of 2.38 Cr.<BR><BR>For the latest annual period ending March 2025, BSL Ltd had shareholder's funds of 119.27 Cr and total assets amounting to 626.75 Cr.

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 Praveen Kumar Jain (Executive Director & CFO), along with several non-executive and independent directors who support the company's strategic direction and governance.

The management team of BSL includes the following key members:<BR><BR>1. **Arun Churiwal** - Chairman / Executive Director<BR>2. **Nivedan Churiwal** - Executive Director / Joint Managing Director / Promoter<BR>3. **Praveen Kumar Jain** - Executive Director & Chief Financial Officer<BR><BR>Additionally, the board features several non-executive and independent directors:<BR><BR>- **Ravi Jhunjhunwala** - Non-Executive Director<BR>- **Shekar Agarwal** - Non-Executive Director<BR>- **Sushil Jhunjhunwala** - Independent Non-Executive Director<BR>- **A N Choudhury** - Independent Non-Executive Director<BR>- **G P Singhal** - Independent Non-Executive Director<BR>- **Abhilasha Mimani** - Independent Non-Executive Director<BR>- **J C Laddha** - Independent Non-Executive Director<BR><BR>This team plays a crucial role in guiding the company's strategic direction and governance.

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.

Should I buy, sell or hold BSL Ltd?

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.

Who are the peers of the BSL?

BSL's peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Suryalata Spg., Surat Trade, Soma Textiles, and Rel. Chemotex, with varying management risks and growth rates. K P R Mill Ltd leads in 1-year returns at 41.09%, while BSL's return is -17.59%.

Peers: The peers of BSL are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Suryalata Spg., Surat Trade, Soma Textiles, and Rel. Chemotex.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent. Average management risk is present at Trident, Suryalata Spg., Surat Trade, Soma Textiles, BSL, and Rel. Chemotex. Below Average management risk is noted at Avi Ansh. Growth is Excellent at K P R Mill Ltd and Page Industries, Good at Trent, and Below Average at Vedant Fashions, Trident, Suryalata Spg., Surat Trade, Soma Textiles, BSL, Rel. Chemotex, and Avi Ansh. Capital Structure is Excellent at K P R Mill Ltd and Page Industries, Good at Trent, Average at Trident and Suryalata Spg., and Below Average at Vedant Fashions, Surat Trade, Soma Textiles, BSL, Rel. Chemotex, and Avi Ansh.<BR><BR>Return Snapshot: K P R Mill Ltd has the highest 1-year return at 41.09%, while Vedant Fashions has the lowest at -24.65%. BSL's 1-year return of -17.59% is better than Vedant Fashions but worse than K P R Mill Ltd. Additionally, the six-month returns are negative for K P R Mill Ltd, Vedant Fashions, Trident, Surat Trade, Soma Textiles, and BSL.