BSL Ltd
BSL Ltd (BSL) last reported results for the quarter ended Jun 2026, with sales of ₹170 crore and net profit of ₹1.72 crore. The stock last traded at ₹121, a market capitalisation of ₹125 crore, on a P/E of 34.4. Over the past 52 weeks the stock has ranged between ₹98 and ₹205. Figures are as of 9 Oct 2026 and are not real time.
BSL Ltd share price and key metrics
- Current price
- ₹121
- Market cap
- ₹125 cr
- Stock P/E
- 34.4
- Book value
- ₹117
- ROE
- 1.85%
- ROCE
- 5.99%
- Dividend yield
- 0.00%
- 52w high / low
- 205/98.0
Metrics as of 9 Oct 2026. Not real time.
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BSL Ltd growth and returns
- 10 Years
- 6%
- 5 Years
- 15%
- 3 Years
- 12%
- TTM
- 1%
- 10 Years
- -11%
- 5 Years
- 10%
- 3 Years
- -51%
- TTM
- -43%
- 10 Years
- 6%
- 5 Years
- 12%
- 3 Years
- -14%
- 1 Year
- -25%
- 10 Years
- 6%
- 5 Years
- 10%
- 3 Years
- 6%
- Last Year
- 2%
BSL Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹170 cr, up 7.4% from ₹158 cr a year earlier. Net profit was ₹1.72 cr, up 266.0% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 178 | 170 | 156 | 158 | 184 | 167 | 148 | 170 |
| Expenses | 162 | 154 | 143 | 146 | 171 | 154 | 138 | 155 |
| Operating profit | 15.7 | 16.24 | 12.43 | 12.23 | 13.71 | 13.12 | 10.08 | 14.29 |
| OPM % | 8.82% | 9.57% | 7.99% | 7.74% | 7.44% | 7.86% | 6.82% | 8.42% |
| Other income | 0.02 | 0.13 | 0.05 | 0.39 | 0.03 | 0.02 | 0.26 | 0.12 |
| Interest | 7.85 | 7.95 | 7.88 | 7.79 | 7.52 | 7.38 | 7.64 | 7.65 |
| Depreciation | 4.51 | 4.48 | 4.39 | 4.26 | 4.16 | 4.21 | 4.15 | 4.58 |
| Profit before tax | 3.36 | 3.94 | 0.21 | 0.57 | 2.06 | 1.55 | -1.45 | 2.18 |
| Tax % | 24.70% | 22.59% | -33.33% | 19.30% | 16.50% | 23.23% | -31.72% | 21.10% |
| Net profit | 2.52 | 3.05 | 0.28 | 0.47 | 1.72 | 1.18 | -0.99 | 1.72 |
| EPS (₹) | 2.45 | 2.96 | 0.27 | 0.46 | 1.67 | 1.15 | -0.96 | 1.67 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
BSL Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 440 | 403 | 437 | 390 | 321 | 436 | 472 | 666 | 667 | 657 | 669 |
| Operating profit | 36 | 30 | 31 | 29 | 29 | 40 | 53 | 65 | 60 | 49 | 51 |
| OPM % | 8% | 7% | 7% | 7% | 9% | 9% | 11% | 10% | 9% | 7% | 8% |
| Net profit | 6 | 1 | 1 | 2 | 1 | 11 | 17 | 11 | 8 | 2 | 4 |
| EPS (₹) | 5.75 | 1.00 | 0.85 | 1.61 | 1.32 | 11.15 | 16.43 | 10.91 | 7.93 | 2.31 | 3.53 |
TTM is the trailing twelve months to the most recent quarter.
BSL Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 69 | 67 | 66 | 65 | 68 | 79 | 94 | 102 | 109 | 110 |
| Borrowings | 177 | 211 | 172 | 161 | 161 | 186 | 346 | 437 | 421 | 439 |
| Other liabilities | 70 | 47 | 78 | 84 | 49 | 77 | 89 | 68 | 86 | 81 |
| Total liabilities | 326 | 335 | 327 | 321 | 288 | 352 | 538 | 618 | 627 | 640 |
| 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 |
| Other assets | 211 | 220 | 226 | 231 | 210 | 270 | 309 | 386 | 402 | 393 |
| Total assets | 326 | 335 | 327 | 321 | 288 | 352 | 538 | 618 | 627 | 640 |
As reported by the company. Total assets equal total liabilities by construction.
BSL Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 11 | 37 | 20 | 30 | 17 | 3 | 19 | -39 | 57 | 49 |
| Cash from investing | -24 | -17 | -0 | -2 | -1 | -15 | -160 | -20 | -11 | -39 |
| Cash from financing | 13 | -21 | -20 | -27 | -15 | 13 | 141 | 60 | -46 | -10 |
| Net cash flow | 0 | -0 | -0 | 2 | -0 | 0 | -0 | -0 | -0 | 0 |
| Free cash flow | -13 | 21 | 20 | 29 | 15 | -13 | -141 | -60 | 46 | 10 |
| CFO / operating profit | 38% | 128% | 69% | 104% | 52% | 17% | 43% | -59% | 94% | 100% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
BSL Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 10% | 5% | 6% | 7% | 8% | 12% | 12% | 9% | 8% | 6% |
| Debtor days | 72 | 78 | 70 | 65 | 79 | 75 | 75 | 79 | 72 | 79 |
| Inventory days | 177 | 206 | 190 | 266 | 272 | 244 | 305 | 206 | 237 | 216 |
| Days payable | 68 | 25 | 76 | 102 | 48 | 82 | 76 | 24 | 44 | 37 |
| Cash conversion cycle | 181 | 260 | 184 | 229 | 303 | 237 | 304 | 260 | 264 | 258 |
| Working capital days | 15 | 16 | 13 | 13 | 42 | 38 | 29 | 21 | 19 | 12 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
BSL Ltd shareholding pattern
Promoters held 56.72% at Sep 2026, broadly unchanged since Sep 2025. FIIs 0.00% and DIIs 1.61%.
| % held | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 56.72% | 56.72% | 56.72% | 56.72% | 56.72% | 56.72% | 56.72% | 56.72% |
| FIIs | 0.16% | 0.02% | 0.02% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% |
| DIIs | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% |
| Public | 41.52% | 41.64% | 41.64% | 41.67% | 41.64% | 41.66% | 41.68% | 41.66% |
| No. of shareholders | 12,777 | 12,726 | 12,819 | 12,646 | 11,795 | 11,713 | 11,732 | 11,583 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
BSL Ltd corporate filings
- Certificate under Rer. 74(5) of SEBI (DP) Regulations, 2018Company Updatelow impact
- Intimation of closure of Trading WindowInsider Trading / SASTlow impact
- BSL Ltd announces re-lodgement of physical share transfer requestsCompany Updatelow impact
Cruxal's analysis: BSL Ltd has issued a routine corporate update regarding the re-lodgement of transfer…
Read the full analysis - BSL Ltd. to acquire 26% stake in Bhadla Minigrid Solar 5 for INR 2.35 crore to boost captive renewable energy capacityCompany Updatemedium impact
Cruxal's analysis: BSL Ltd. has entered into an agreement to acquire a 26% equity stake in Bhadla Minigrid…
Read the full analysis - BSL Limited Receives Credit Rating Affirmation of IND BBB-/Negative/IND A3 for Bank Loan FacilitiesCompany Updatelow impact
Cruxal's analysis: BSL Limited has received an affirmation of its credit ratings from India Ratings &…
Read the full analysis - BSL Ltd. Announces Successful Conclusion of 55th Annual General Meeting and Passing of All ResolutionsAGM/EGMlow impact
Cruxal's analysis: BSL Ltd. has successfully concluded its 55th Annual General Meeting held on September 1…
Read the full analysis - BSL Ltd. Concludes 55th Annual General Meeting; Re-appoints Key Directors and Ratifies Cost Auditor RemunerationAGM/EGMlow impact
Cruxal's analysis: BSL Ltd. has successfully concluded its 55th Annual General Meeting held on 1st September…
Read the full analysis - BSL Ltd. Appoints Anurag Mathur as Chief Operating Officer to Strengthen Senior ManagementOtherslow impact
Cruxal's analysis: BSL Ltd. has announced the appointment of Shri Anurag Mathur as the Chief Operating…
Read the full analysis - BSL Ltd announces re-lodgement of physical share transfer requestsCompany Updatelow impact
Cruxal's analysis: BSL Ltd has issued a routine administrative update regarding the re-lodgement of transfer…
Read the full analysis - BSL Ltd files routine disclosure under SEBI Regulation 30Company Updatelow impact
Cruxal's analysis: BSL Ltd has submitted a disclosure under Regulation 30 of the SEBI (Listing Obligations…
Read the full analysis - BSL Ltd submits newspaper publication of financial results noticeCompany Updatelow impact
Cruxal's analysis: BSL Ltd has submitted copies of the newspaper advertisement regarding the publication of…
Read the full analysis - BSL Ltd releases routine corporate media updateCompany Updatelow impact
Cruxal's analysis: BSL Ltd has filed a press release under Regulation 30 of the SEBI (LODR) Regulations. The…
Read the full analysis - BSL Limited Reports Q1 FY27 Financial Results with Revenue Growth of 7.4% YoY and Significant PAT TurnaroundCompany Updatehigh impact
Cruxal's analysis: BSL Limited reported Q1 FY27 revenue from operations of 169.7 crore, marking a 7.4% YoY…
Read the full analysis - BSL Ltd. reports Q1 FY27 turnaround with PAT of 1.72 crore, signaling recovery from previous quarter lossBoard Meetinghigh impact
Cruxal's analysis: BSL Ltd. has reported a significant financial turnaround for the quarter ended 30th June…
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