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BSL Ltd
(BSL)
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Rating:41Neutral
Price Target:
₹113.00
▼(-10.99% Downside)
Action:Reiterated
Date:10/02/26
The score is held down primarily by stressed financial performance (very thin 2026 profitability, volatile cash generation with negative FCF, and high leverage). Technical indicators add further pressure with the stock trading below key moving averages and negative MACD. Valuation provides only limited offset due to a high P/E and low dividend yield.
Positive Factors
Historical Revenue Expansion
Strong revenue expansion across 2022–2025 indicates the business previously achieved meaningful top-line growth and market demand. Although momentum cooled in 2026, the established scale provides a base from which improved execution or demand recovery could support future growth.
Negative Factors
Severe Margin Compression
The sharp decline in net margin leaves very little earnings buffer against cost increases, weaker demand, or operational disruption. Net income also dropped sharply in 2026, indicating that revenue scale is currently translating into substantially weaker shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Historical Revenue Expansion
Strong revenue expansion across 2022–2025 indicates the business previously achieved meaningful top-line growth and market demand. Although momentum cooled in 2026, the established scale provides a base from which improved execution or demand recovery could support future growth.
Read all positive factors
BSL Ltd (BSL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.22B
Dividend Yield0.68%
Average Volume (3M)530.00
Price to Earnings (P/E)33.4
Beta (1Y)0.98
Revenue Growth1.12%
EPS Growth-42.47%
CountryIN
Employees427
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)3.53
Shares Outstanding10,292,168
10 Day Avg. Volume449
30 Day Avg. Volume530
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)0.88
Price to Sales (P/S)0.16
P/FCF Ratio-6.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BSL Ltd Business Overview & Revenue Model
Company Description
BSL Limited operates as a global textile manufacturer, producing and distributing a variety of fabrics and yarns both domestically in India and internationally. Its operations are bifurcated into textile production and wind energy generation. The ...
BSL Ltd Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
33
Negative
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.69B | 6.57B | 6.67B | 6.66B | 4.72B | 4.34B |
| Gross Profit | 1.46B | 1.12B | 2.39B | 2.90B | 2.03B | 1.54B |
| EBITDA | 515.08M | 498.31M | 595.96M | 634.62M | 506.63M | 418.13M |
| Net Income | 36.33M | 23.76M | 81.58M | 112.33M | 169.09M | 114.79M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 6.40B | 6.27B | 6.18B | 5.38B | 3.52B |
| Cash, Cash Equivalents and Short-Term Investments | 1.51M | 1.51M | 2.89M | 1.58M | 17.92M | 10.90M |
| Total Debt | 0.00 | 4.39B | 4.21B | 4.37B | 3.46B | 1.86B |
| Total Liabilities | -1.20B | 5.20B | 5.07B | 5.05B | 4.34B | 2.63B |
| Stockholders Equity | 1.20B | 1.20B | 1.19B | 1.13B | 1.04B | 893.02M |
Cash Flow | ||||||
| Free Cash Flow | -54.89M | -176.00M | 445.88M | -620.06M | -1.48B | -135.14M |
| Operating Cash Flow | 136.72M | 218.65M | 570.07M | -394.70M | 188.18M | 25.77M |
| Investing Cash Flow | -187.96M | -390.51M | -113.13M | -203.63M | -1.60B | -152.19M |
| Financing Cash Flow | 51.31M | 172.10M | -457.12M | 597.83M | 1.41B | 127.56M |
BSL Ltd Technical Analysis
Negative
126.95
Price Trends
122.63
Negative
124.78
Negative
129.25
Negative
Market Momentum
-1.09
Positive
43.78
Neutral
15.64
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BSL, the sentiment is Negative. The current price of 126.95 is above the 20-day moving average (MA) of 121.20, above the 50-day MA of 122.63, and below the 200-day MA of 129.25, indicating a bearish trend. The MACD of -1.09 indicates Positive momentum. The RSI at 43.78 is Neutral, neither overbought nor oversold. The STOCH value of 15.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BSL.
BSL Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹1.34B | 10.71 | ― | 0.39% | -1.05% | 75.71% | |
58 Neutral | ₹756.07M | 14.63 | ― | 1.03% | -38.13% | -69.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹988.33M | -1.75 | ― | 1.15% | -38.89% | -4.55% | |
50 Neutral | ₹986.20M | -85.63 | ― | ― | 74.10% | 79.69% | |
49 Neutral | ₹1.05B | 26.18 | ― | 1.02% | -1.58% | -14.14% | |
41 Neutral | ₹1.22B | 33.43 | ― | 0.68% | 1.12% | -42.47% |
* General Sector Average
IN:BSL
BSL Ltd
118.10
-43.85
-27.08%
IN:DIGJAMLMTD
Digjam Ltd.
49.31
-5.94
-10.75%
IN:FIBERWEB
Fiberweb (India) Limited
26.26
-17.35
-39.78%
IN:LAMBODHARA
Lambodhara Textiles Ltd.
128.90
-8.03
-5.87%
IN:LOYALTEX
Loyal Textile Mills Limited
205.20
-80.80
-28.25%
IN:SURYALAXMI
Suryalakshmi Cotton Mills Ltd.
56.01
-7.24
-11.45%
BSL Ltd Corporate Events
BSL Ltd Reports Completion of Income Tax Department Inspection of Accounts
Aug 14, 2026
BSL Ltd has disclosed that officials from the Income Tax department visited its corporate office on 10 August 2026 to examine the company’s books of accounts. The review concluded on 13 August 2026, with the company stating that management f...
BSL Ltd Sets 55th AGM for September 1, Rolls Out Digital Annual Report
Jul 28, 2026
BSL Ltd has announced that its 55th Annual General Meeting will be held on 1 September 2026 at 4:00 p.m. IST via video conferencing and other audio-visual means, in line with regulatory requirements. The company has circulated the AGM notice and i...
BSL Ltd sets virtual 55th AGM and circulates FY 2025-26 annual report digitally
Jul 28, 2026
BSL Ltd has scheduled its 55th Annual General Meeting for September 1, 2026, at 4:00 p.m. IST, to be held exclusively via video conferencing and other audio-visual means in line with regulatory provisions. The company has circulated the AGM notice...
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.