BLB Limited (BLBLIMITED) AI Stock Analysis

BLB Limited

(NSE:BLBLIMITED)

Select Model

Rating:79Outperform

Price Target:INR 16.50▲(5.16% Upside)

Action:reiterated

Date:09/06/26

The score is led by strong financial fundamentals (notably near-zero leverage and improved profitability/revenue growth) and an attractive valuation (very low P/E). Technicals add support with price above key moving averages and positive momentum. The primary risk tempering the score is historical volatility in margins and cash flows.

Positive Factors

Near-zero leverage and stronger equity baseExtremely low leverage gives BLB substantial financial flexibility because limited debt reduces interest and refinancing pressure. A growing equity base further supports resilience and the ability to sustain operations or pursue opportunities without relying heavily on borrowed capital.

Negative Factors

Historically choppy cash generationThe latest cash-flow rebound followed a weak base and does not eliminate the record of inconsistent cash generation. Repeated negative operating or free cash flow can make funding less predictable, constrain reinvestment, and increase dependence on favorable business conditions.

BLB Limited (BLBLIMITED) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 804.08M
Dividend Yield: ―
Average Volume (3M): 9,482
Price to Earnings (P/E): 2.9
Beta (1Y): 1.13
Revenue Growth: 116.81%
EPS Growth: 310.81%
Country: India
Employees: 41
Sector: General
Sector Strength: 55
Industry: Financial - Capital Markets

BLB Limited Business Overview & Revenue Model

Company Description

Formed in 1965, the company actively participates in the Indian market, engaging in the trading and investment of equities, various financial securities, and commodities. Its principal office is situated in New Delhi.

BLB Limited Financial Statement Overview

Summary

Strong overall financial profile driven by an excellent balance sheet (near-zero leverage) and a sharp latest-year improvement in revenue growth (~42% YoY) and profitability (net margin ~4.5%, operating margin ~6%). The main offset is inconsistency: margins and cash flows have been volatile across years, with multiple years of negative operating/free cash flow.

Income Statement

72Positive

Balance Sheet

90Very Positive

Cash Flow

63Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	7.78B	7.46B	5.39B	3.10B	2.16B	3.53B
Gross Profit	409.30M	506.90M	98.20M	27.81M	76.99M	118.10M
EBITDA	375.40M	460.50M	65.00M	42.41M	85.28M	121.46M
Net Income	273.60M	333.20M	38.60M	26.11M	60.49M	94.16M
Balance Sheet
Total Assets	0	1.33B	982.90M	983.97M	978.82M	935.80M
Cash, Cash Equivalents and Short-Term Investments	0	104.00M	460.20M	433.14M	58.05M	6.96M
Total Debt	0	2.70M	3.00M	2.50M	37.50M	40.00M
Total Liabilities	-1.30B	27.20M	9.30M	20.92M	41.90M	59.55M
Stockholders Equity	1.30B	1.30B	973.60M	963.05M	936.92M	876.25M
Cash Flow
Free Cash Flow	-31.00M	144.90M	-15.90M	54.46M	-82.50M	-166.19M
Operating Cash Flow	-30.80M	151.40M	-14.70M	54.51M	-82.42M	-165.88M
Investing Cash Flow	109.20M	-84.90M	-80.70M	55.14M	137.54M	187.25M
Financing Cash Flow	-1.00M	-300.00K	500.00K	-35.00M	-2.50M	15.50M

BLB Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price15.69

Price Trends

50DMA16.20Negative

100DMA16.08Negative

200DMA16.11Negative

Market Momentum

MACD-0.34Positive

RSI47.42Neutral

STOCH29.20Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BLBLIMITED, the sentiment is Negative. The current price of 15.69 is below the 20-day moving average (MA) of 15.90, below the 50-day MA of 16.20, and below the 200-day MA of 16.11, indicating a bearish trend. The MACD of -0.34 indicates Positive momentum. The RSI at 47.42 is Neutral, neither overbought nor oversold. The STOCH value of 29.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BLBLIMITED.

BLB Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BLBLIMITED against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BLBLIMITED	79Outperform	INR 829.46M	2.94	―	―	116.81%	310.81%
IN:ALMONDZ	75Outperform	INR 3.47B	9.85	―	―	22.09%	76.70%
IN:STEELCITY	75Outperform	INR 1.17B	6.82	―	5.16%	3.93%	0.11%
IN:KEYFINSERV	64Neutral	INR 1.13B	21.06	―	0.49%	-6.38%	-70.43%
IN:HYBRIDFIN	58Neutral	INR 477.16M	18.38	―	―	3.23%	-21.21%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:DBSTOCKBRO	44Neutral	INR 1.01B	40.31	―	―	2.35%	-44.06%

* General Sector Average

Performance Comparison

IN:BLBLIMITED and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BLBLIMITED	BLB Limited	15.69	-1.84	-10.50%
IN:ALMONDZ	Almondz Global Securities Limited	18.13	-0.29	-1.57%
IN:DBSTOCKBRO	DB (International) Stock Brokers Limited	29.00	3.71	14.67%
IN:HYBRIDFIN	Hybrid Financial Services Ltd.	16.21	-7.54	-31.75%
IN:KEYFINSERV	Keynote Financial Services Limited	202.35	-97.89	-32.60%
IN:STEELCITY	Steel City Securities Ltd.	77.48	-17.94	-18.80%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 06, 2026

BLB Limited AI Stock Analysis