BLB Limited (BLBLIMITED) AI Stock Analysis

• Market Cap: ₹941.00M
• Dividend Yield: N/A
• Average Volume (3M): 4.32K
• Price to Earnings (P/E): 2.2
• Beta (1Y): 1.08
• Revenue Growth: -19.34%
• EPS Growth: 14.87%
• Country: IN
• Employees: 22
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Financial - Capital Markets
• EPS (TTM): 1.62
• Shares Outstanding: 52,865,257
• 10 Day Avg. Volume: 3,300
• 30 Day Avg. Volume: 4,321
• PEG Ratio: 0.42
• Price to Book (P/B): 0.81
• Price to Sales (P/S): 0.15
• P/FCF Ratio: -49.72
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: ₹20.00 ▲(42.96% Upside)
• Action: Upgraded Date: 02/21/26
• Date: Action: Upgraded 02/21/26

The score is driven by strong technical trend/momentum and an exceptionally low P/E valuation. Financial performance is solid on growth and profitability with a conservative balance sheet, but it is meaningfully held back by negative operating and free cash flows.

Positive Factors

Conservative balance sheet / low leverage

A low debt-to-equity profile and strong equity ratio provide durable financial flexibility: the company can fund operations or absorb shocks without forced asset sales or costly refinancing. This conservatism supports long-term solvency and strategic optionality for growth or M&A.

Consistent revenue growth and improving profitability

Sustained revenue growth paired with rising net profit margins signals improving business model execution and pricing or efficiency gains. Over months this trend supports reinvestment, margin sustainability, and stronger operating earnings that underpin long-term cash generation if conversion improves.

Healthy core operating margins (EBIT/EBITDA)

Robust EBIT/EBITDA margins indicate the underlying business generates decent operating returns before financing and tax. This structural profitability provides a cushion against cyclical revenue swings and supports reinvestment capacity, making the business more resilient over multiple quarters.

Negative Factors

Negative operating and free cash flow

Persistently negative operating and free cash flows undermine self-funding ability: the company may need external financing to support working capital, capex or growth. Over a multi-month horizon this can constrain investments, raise financing costs, and pressure liquidity.

Poor conversion of profits into cash

Weak profit-to-cash conversion suggests earnings quality issues or working capital intensity. Even with reported profits, limited cash realization can strain payroll, supplier payments and capital allocation, making reported earnings less reliable as a source of durable funding.

Modest gross margin / cost pressures

A modest gross margin reduces the firm’s buffer against rising input or operating costs and limits ability to absorb pricing pressure. Without clear structural improvements, persistent cost pressure can compress net margins and limit long-term scalability of operating profits.

BLB Limited Business Overview & Revenue Model

Company Description

BLB Limited trades and invests in shares, securities, and commodities in India. The company was founded in 1965 and is based in New Delhi, India.

How the Company Makes Money

BLB Limited generates revenue through multiple channels. Its primary revenue stream comes from software sales and licensing, where the company offers subscriptions for its software applications to businesses seeking to improve their productivity and operations. Additionally, BLB Limited earns income from manufacturing services, where it produces custom products for clients across different industries. Consulting services also contribute significantly to the company's revenue, as they provide expertise and strategic guidance to organizations looking to optimize their processes. Furthermore, strategic partnerships with technology firms and industry leaders enhance BLB Limited's market reach and enable collaborative projects, thereby diversifying its income sources.

BLB Limited Financial Statement Overview

Summary

Strong revenue growth and improving profitability support the score, and leverage is conservative with a solid equity base. The main offset is weak cash generation, with negative operating and free cash flows and poor conversion of profits into cash.

Income Statement

BLB Limited has shown strong revenue growth, with a significant increase from the previous year. The gross profit margin is modest, indicating some cost pressures. However, the net profit margin has improved, suggesting better cost management and operational efficiency. EBIT and EBITDA margins are healthy, reflecting solid core profitability.

Balance Sheet

The company's balance sheet is stable with a low debt-to-equity ratio, indicating conservative leverage. Return on equity is reasonable, showing effective use of shareholder capital. The equity ratio is strong, suggesting a solid financial foundation with a high proportion of assets financed by equity.

Cash Flow

Cash flow performance is mixed, with negative operating and free cash flows in the latest period, raising concerns about cash generation. However, there is potential for improvement as the company has managed positive cash flows in prior periods. The operating cash flow to net income ratio indicates challenges in converting profits into cash.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.56B	5.39B	3.10B	2.16B	3.53B	5.35B
Gross Profit	72.99M	98.20M	27.81M	76.99M	118.10M	55.53M
EBITDA	86.30M	65.00M	42.41M	85.28M	121.46M	51.29M
Net Income	66.61M	38.60M	26.11M	60.49M	94.16M	11.30M
Balance Sheet
Total Assets	0.00	982.90M	983.97M	978.82M	935.80M	811.36M
Cash, Cash Equivalents and Short-Term Investments	0.00	460.20M	433.14M	58.05M	6.96M	10.60M
Total Debt	0.00	3.00M	2.50M	37.50M	40.00M	24.50M
Total Liabilities	-973.59M	9.30M	20.92M	41.90M	59.55M	29.62M
Stockholders Equity	973.59M	973.60M	963.05M	936.92M	876.25M	781.73M
Cash Flow
Free Cash Flow	0.00	-15.90M	54.46M	-82.50M	-166.19M	59.62M
Operating Cash Flow	0.00	-14.70M	54.51M	-82.42M	-165.88M	61.34M
Investing Cash Flow	0.00	-80.70M	55.14M	137.54M	187.25M	4.08M
Financing Cash Flow	0.00	500.00K	-35.00M	-2.50M	15.50M	-132.50M

BLB Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.99
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BLBLIMITED, the sentiment is Positive. The current price of 13.99 is below the 20-day moving average (MA) of 16.29, below the 50-day MA of 14.79, and below the 200-day MA of 15.40, indicating a bullish trend. The MACD of 1.01 indicates Negative momentum. The RSI at 54.43 is Neutral, neither overbought nor oversold. The STOCH value of 24.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BLBLIMITED.

BLB Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HYBRIDFIN	76 Outperform	₹542.80M	32.32	―	―	-5.50%	-12.14%
BLBLIMITED	74 Outperform	₹941.00M	2.17	―	―	-19.34%	14.87%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
DBSTOCKBRO	60 Neutral	₹902.30M	24.54	―	―	-39.80%	-49.61%
KHANDSE	49 Neutral	₹259.31M	-16.07	―	―	-12.64%	-390.34%
HBSL	46 Neutral	₹377.51M	-3.44	―	1.36%	-143.39%	-166.54%
21STCENMGM	45 Neutral	₹359.41M	-2.32	―	5.12%	―	―

BLB Limited Corporate Events

Exchange Seeks Clarification From BLB Limited After Sharp Share Price Move

BLB Limited’s share price has shown significant movement, prompting the stock exchange to step in and seek clarification from the company. The exchange has requested updated, relevant information to safeguard investor interests and ensure the market is properly informed, and a formal response from BLB Limited is still pending.

BLB Limited Publishes Q3 FY2025 Unaudited Results in Newspapers

BLB Limited has notified the stock exchanges that it has published its unaudited financial results for the quarter ended December 31, 2025, in leading English and Hindi newspapers, in line with disclosure requirements under SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015. By formally communicating the newspaper publication of these quarterly results, the company demonstrates compliance with regulatory norms and maintains transparency for investors and other stakeholders regarding its financial performance and market disclosures.

BLB Limited Forms Wholly Owned Subsidiary to Enter Real Estate Business

BLB Limited has incorporated a wholly owned subsidiary, BLB Growth Ventures Private Limited, which received its certificate of incorporation from the Ministry of Corporate Affairs on 10 January 2026. The new subsidiary, based in Delhi, will focus on property and real estate business, including purchase, sale, construction and related activities, and is intended to diversify and expand BLB Limited’s current business operations, making the group more agile and diversified while providing a dedicated vehicle for entering the real estate sector; the parent company will hold 100% of the share capital, and the subsidiary has yet to commence operations.

BLB Limited Closes Trading Window Ahead of December Quarter Results

BLB Limited has announced the closure of its trading window for company securities for all insiders, designated persons and their immediate relatives from January 1, 2026 until 48 hours after the declaration of its unaudited financial results for the quarter ended December 31, 2025. The move, in line with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code of conduct, underscores ongoing efforts to strengthen governance and prevent insider trading around sensitive financial disclosures, providing greater assurance to regulators, investors and other market participants.