BPL Limited (BPL) AI Stock Analysis

BPL Limited

(NSE:BPL)

Select Model

Rating:31Underperform

Price Target:INR 38.00▼(-15.78% Downside)

Action:downgraded

Date:10/10/26

The overall score is critically low, driven primarily by a severe deterioration in financial performance, including negative earnings and massive cash outflows. This is compounded by a bearish technical trend with the stock trading below all major moving averages and weak momentum. The negative P/E ratio and absence of dividends offer no valuation support.

Positive Factors

Conservative balance sheetLow leverage and a sizable equity base provide financial resilience and flexibility. This reduces dependence on debt funding and may give BPL greater capacity to withstand operating volatility or support necessary investment over the next several quarters.

Negative Factors

Severe cash-flow deteriorationSharp negative operating and free cash flow raises concerns about cash conversion, working-capital swings, and potential funding needs. If the deterioration persists, it could restrict reinvestment, weaken financial flexibility, and reduce the benefit of the conservative balance sheet.

BPL Limited (BPL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 2.24B
Dividend Yield: ―
Average Volume (3M): 6,686
Price to Earnings (P/E): -15.2
Beta (1Y): 1.75
Revenue Growth: 2.03%
EPS Growth: -40.52%
Country: India
Employees: 151
Sector: General
Sector Strength: 55
Industry: Consumer Electronics

BPL Limited Business Overview & Revenue Model

Company Description

Established in 1963 and headquartered in Bengaluru, India, BPL Limited primarily operates within India, engaging in the manufacturing and distribution of a broad spectrum of electronic goods. The company's diverse product portfolio includes major con...

How the Company Makes Money

Specific, reliable details on BPL Limited’s present-day revenue model (e.g., segment-wise revenue streams, major product/service lines currently sold, licensing/brand monetization arrangements, or significant partnerships driving earnings) are not av...

BPL Limited Financial Statement Overview

Summary

Financial health is severely strained. FY2026 saw a net loss of INR 85.5M, a sharp gross margin decline to 21.2%, and an alarming operating cash outflow of INR 872.1M. The only mitigating factor is a low debt-to-equity ratio of 0.04, but negative returns and cash burn dominate the picture.

Income Statement

25Negative

Balance Sheet

45Neutral

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	802.65M	781.24M	783.59M	664.25M	522.16M	382.07M
Gross Profit	212.65M	166.00M	260.54M	336.90M	215.40M	115.52M
EBITDA	34.07M	46.91M	46.17M	194.52M	157.40M	108.49M
Net Income	-148.22M	-85.50M	942.00K	132.91M	50.91M	129.50M
Balance Sheet
Total Assets	7.14B	7.14B	6.13B	6.16B	5.99B	5.36B
Cash, Cash Equivalents and Short-Term Investments	31.05M	28.41M	15.24M	97.70M	15.91M	6.43M
Total Debt	3.14B	1.06B	101.12M	300.93M	228.55M	138.27M
Total Liabilities	3.43B	3.38B	2.29B	2.32B	2.28B	2.35B
Stockholders Equity	2.37B	2.41B	2.49B	2.49B	2.36B	1.66B
Cash Flow
Free Cash Flow	-817.71M	-875.04M	152.95M	-19.57M	18.40M	-8.90M
Operating Cash Flow	-815.70M	-872.08M	159.34M	42.92M	62.59M	-6.61M
Investing Cash Flow	-5.56M	-9.32M	515.25M	-77.97M	42.88M	36.28M
Financing Cash Flow	820.53M	880.01M	-2.94M	61.56M	-101.67M	-38.76M

BPL Limited Technical Analysis

Technical Analysis SentimentNeutral

Last Price45.12

Price Trends

50DMA45.71Negative

100DMA50.11Negative

200DMA52.27Negative

Market Momentum

MACD-1.15Negative

RSI57.23Neutral

STOCH77.70Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BPL, the sentiment is Neutral. The current price of 45.12 is above the 20-day moving average (MA) of 42.26, below the 50-day MA of 45.71, and below the 200-day MA of 52.27, indicating a neutral trend. The MACD of -1.15 indicates Negative momentum. The RSI at 57.23 is Neutral, neither overbought nor oversold. The STOCH value of 77.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:BPL.

BPL Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BPL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:VETO	79Outperform	INR 2.27B	8.29	―	0.84%	35.25%	31.03%
IN:DPWIRES	69Neutral	INR 2.77B	14.81	―	―	-13.87%	0.59%
IN:DIXON	66Neutral	INR 672.88B	34.83	―	0.09%	20.82%	4.65%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:KALYANIFRG	48Neutral	INR 2.99B	23.92	―	0.49%	-2.76%	32.15%
IN:BPL	31Underperform	INR 2.21B	-15.19	―	―	2.03%	-40.52%

* General Sector Average

Performance Comparison

IN:BPL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BPL	BPL Limited	45.12	-30.45	-40.29%
IN:DIXON	Dixon Technologies (India) Ltd.	11000.00	-4465.98	-28.88%
IN:DPWIRES	DP Wires Ltd.	178.83	-56.39	-23.97%
IN:KALYANIFRG	Kalyani Forge Limited	821.35	154.38	23.15%
IN:VETO	Veto Switchgears & Cables Ltd.	118.95	0.21	0.18%

BPL Limited Corporate Events

BPL Limited Secures SEBI Compliance Certificate for June Quarter

Jul 10, 2026

BPL Limited has notified the Bombay Stock Exchange and National Stock Exchange that it has obtained a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The...

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: Oct 10, 2026

BPL Limited AI Stock Analysis