BSL Ltd (BSL) AI Stock Analysis

• Market Cap: ₹1.68B
• Dividend Yield: 0.5%
• Average Volume (3M): 5.11K
• Price to Earnings (P/E): 26.6
• Beta (1Y): 1.27
• Revenue Growth: -1.25%
• EPS Growth: -43.95%
• Country: IN
• Employees: 460
• Sector: Services
• Sector Strength: N/A
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.45
• Shares Outstanding: 10,292,168
• 10 Day Avg. Volume: 5,412
• 30 Day Avg. Volume: 5,105
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹172.00
• Price Target Upside: 5.36% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 61 Neutral
• Price Target: ₹172.00 ▲(5.36% Upside)

BSL Ltd's overall stock score is driven primarily by its financial performance, which shows strong revenue growth and improved cash flow generation. However, the declining net profit margin and increased debt levels are significant concerns. The technical analysis presents mixed signals, with some bullish momentum but no clear overbought conditions. The valuation indicates the stock is relatively expensive, with a low dividend yield, which may deter income-focused investors.

BSL Ltd Business Overview & Revenue Model

Company Description

BSL Limited, a textile company, manufactures and sells fabrics and yarns in India and internationally. The company operates through Textile and Wind Power segments. It produces a range of polyester viscose fabrics, including suiting, shirting, safari, and corduroy blends; worsted fabrics, such as wool, wool rich, lycra blended poly wool, poly viscose, mohair polyester wool, and polyester silk wool fabrics. The company also offers wool, wool-blended, and premium lightweight fabrics; wool modal, Trevira wool, and other specialized fabrics blended with lycra, silk, linen, tencel, etc.; and furnishing and fashion fabrics. In addition, it is involved in the generation of wind power at Jaisalmer. The company offers its products online under the BSL, INSIGNIA, and GEOFFREY HAMMONDS brands. BSL Limited was incorporated in 1970 and is based in Noida, India.

How the Company Makes Money

BSL Ltd generates revenue primarily through its software development and IT consulting services. The company charges clients for custom software projects, which are priced based on the complexity and duration of the development process. Additionally, BSL offers subscription-based cloud services, providing businesses with scalable and secure cloud solutions for their IT needs. Cybersecurity consulting is another key revenue stream, with BSL offering specialized services to help companies safeguard their digital assets. Significant partnerships with technology providers and businesses in need of IT transformation also contribute to BSL's earnings, enabling the company to expand its market reach and offer comprehensive solutions.

BSL Ltd Financial Statement Overview

Summary

BSL Ltd has demonstrated strong revenue growth and improved operational efficiency, as seen in the enhanced EBIT margin. However, the declining net profit margin and increased debt levels pose potential risks. The company has shown improvement in cash flow generation, which is a positive sign, but the increased leverage and declining equity ratio indicate potential financial stability concerns.

Income Statement

BSL Ltd has shown a strong growth trajectory in revenue over the years with a significant increase from 2022 to 2025. The gross profit margin improved from 35.6% in 2022 to 35.9% in 2025. However, the net profit margin has declined from 2.6% in 2022 to 1.2% in 2025, highlighting a decrease in profitability. The EBIT margin has improved from 6.5% in 2022 to 21.6% in 2025, indicating better operational efficiency, but the drop in net income suggests rising costs or other expenses.

Balance Sheet

The debt-to-equity ratio has increased from 2.08 in 2022 to 3.53 in 2025, indicating a higher reliance on debt financing. The equity ratio has decreased from 25.4% in 2022 to 19.0% in 2025, suggesting reduced financial stability. Return on Equity (ROE) has decreased from 12.9% in 2022 to 6.8% in 2025, reflecting challenges in generating returns for shareholders.

Cash Flow

BSL Ltd's free cash flow has improved significantly from a negative figure in 2022 to a positive 445.9 million in 2025, showing improved cash generation capability. The operating cash flow to net income ratio is positive, indicating efficient cash conversion, though the volatility in cash flows over the years suggests potential liquidity management issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2022	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.67B	6.67B	6.66B	4.34B	4.72B	3.18B
Gross Profit	2.41B	2.39B	2.12B	1.54B	2.03B	1.14B
EBITDA	603.18M	595.96M	634.62M	418.13M	525.50M	305.85M
Net Income	81.58M	81.58M	112.33M	114.79M	169.09M	13.59M
Balance Sheet
Total Assets	6.27B	6.27B	6.18B	3.52B	5.38B	2.88B
Cash, Cash Equivalents and Short-Term Investments	2.89M	2.89M	9.95M	10.90M	17.92M	5.94M
Total Debt	4.21B	4.21B	4.37B	1.86B	3.46B	1.61B
Total Liabilities	5.07B	5.07B	5.05B	2.63B	4.34B	2.10B
Stockholders Equity	1.19B	1.19B	1.13B	893.02M	1.04B	782.78M
Cash Flow
Free Cash Flow	0.00	445.88M	-620.06M	-135.14M	-1.48B	146.79M
Operating Cash Flow	0.00	570.07M	-394.70M	25.77M	188.18M	165.46M
Investing Cash Flow	0.00	-113.13M	-203.63M	-152.19M	-1.60B	-13.40M
Financing Cash Flow	0.00	-457.12M	597.83M	127.56M	1.41B	-154.28M

BSL Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 163.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BSL, the sentiment is Neutral. The current price of 163.25 is below the 20-day moving average (MA) of 168.70, above the 50-day MA of 160.39, and below the 200-day MA of 179.21, indicating a neutral trend. The MACD of 0.65 indicates Positive momentum. The RSI at 48.88 is Neutral, neither overbought nor oversold. The STOCH value of 11.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:BSL.

BSL Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LAMBODHARA	64 Neutral	1.42B	20.04	5.82%	0.37%	17.57%	47.28%
BSL	61 Neutral	₹1.68B	26.60	―	0.50%	-1.25%	-43.95%
LAL	60 Neutral	1.83B	37.05	12.26%	―	3.05%	-29.77%
SOMATEX	54 Neutral	2.17B	3.03	43.89%	―	67.77%	227.42%
INDTERRAIN	46 Neutral	1.63B	-4.28	-23.33%	―	-21.08%	-21.17%
LOYALTEX	46 Neutral	1.45B	-2.66	-19.05%	―	-26.76%	-25.96%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%