B.L. Kashyap & Sons Ltd. (BLKASHYAP) AI Stock Analysis

• Market Cap: ₹10.72B
• Dividend Yield: N/A
• Average Volume (3M): 28.26K
• Price to Earnings (P/E): 12592.1
• Beta (1Y): 1.80
• Revenue Growth: -4.30%
• EPS Growth: -99.86%
• Country: IN
• Employees: 1,288
• Sector: Services
• Sector Strength: N/A
• Industry: Engineering & Construction
• EPS (TTM): -0.38
• Shares Outstanding: 225,440,000
• 10 Day Avg. Volume: 21,333
• 30 Day Avg. Volume: 28,256
• PEG Ratio: -0.86
• Price to Book (P/B): 2.15
• Price to Sales (P/S): 0.98
• P/FCF Ratio: -60.39
• 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: 52 Neutral
• Price Target: ₹47.00 ▼(-7.95% Downside)

The overall stock score is primarily influenced by mixed financial performance and bearish technical indicators. The high P/E ratio suggests overvaluation, and the lack of dividend yield reduces attractiveness. The absence of earnings call and corporate events data limits further insights.

Positive Factors

EPC end-to-end capabilities

End-to-end EPC capabilities provide durable contract visibility and multiple revenue touchpoints (design, procurement, construction). This vertical scope supports higher capture of project value, helps win turnkey mandates, and stabilizes mid-term revenue as large projects progress over months.

Reduced leverage

Improving debt-to-equity signals stronger balance sheet flexibility and lower financial risk. Reduced leverage supports bidding on larger EPC contracts, better absorbs project cost overruns, and lowers refinancing pressure, enhancing resilience across a 2–6 month horizon.

Operational margin resilience

Reasonable operating margins reflect effective project execution and cost controls. Sustained EBIT/EBITDA margins provide buffer against input-cost swings and support reinvestment in equipment and capabilities, helping maintain competitiveness and profitability over the medium term.

Negative Factors

Declining revenue trend

Negative revenue growth indicates shrinking billings or slower project wins, reducing scale economies and bargaining power with suppliers. Persistent top-line contraction can compress margins, limit capacity to invest in backlog replenishment, and impair medium-term growth prospects.

Weak cash generation

Negative free cash flow and declining operating cash flow constrain working-capital funding and capex for equipment. This raises reliance on external financing, increases vulnerability to project delays or retention timings, and elevates liquidity risk over coming months.

Margin pressure / falling net income

Eroding gross and net margins point to rising input costs, contract pricing pressure, or execution inefficiencies. Continued margin decline reduces retained earnings and cash generation, impairing ability to invest in bid capacity and weakening competitive positioning over the medium term.

B.L. Kashyap & Sons Ltd. Business Overview & Revenue Model

Company Description

B.L. Kashyap and Sons Limited, together with its subsidiaries, engages in the construction and infrastructure development activities in India. The company constructs IT campuses, commercial spaces, malls, hotels, residential complexes, institutions, factories and manufacturing facilities, and healthcare and transportation facilities. It also undertakes turnkey projects, such as power generation plants, power transmission and distribution systems, integrated rail and metro systems, residential buildings, townships, commercial buildings, airports, industrial units, chemical process plants, and water and waste water management solutions. The company was founded in 1978 and is based in New Delhi, India.

How the Company Makes Money

B.L. Kashyap & Sons Ltd. primarily generates revenue through contracts for construction and infrastructure projects, which includes both public and private sector assignments. The company's revenue model is based on winning tenders for various construction projects, where they earn money by executing these contracts within agreed timelines and budgets. Key revenue streams include residential developments, commercial constructions, and infrastructure projects such as roads, bridges, and industrial facilities. Additionally, BLKASHYAP may engage in joint ventures and partnerships with other firms to undertake larger projects, which can enhance their bidding capabilities and share risks. The company's reputation for quality and reliability also helps secure repeat business and long-term contracts, contributing significantly to its earnings.

B.L. Kashyap & Sons Ltd. Financial Statement Overview

Summary

B.L. Kashyap & Sons Ltd. shows mixed financial performance. Operational efficiency is decent, but inconsistencies in revenue growth and net margins are concerning. The balance sheet is moderately strong with reduced leverage, but cash flow challenges could impact liquidity and investment capacity.

Income Statement

The income statement shows a mixed performance. The gross profit margin has seen fluctuations, with a notable decrease in the most recent year. Net profit margin has been positive but has decreased from the previous year. Revenue growth has been inconsistent, impacting overall profitability. EBITDA and EBIT margins are reasonable, indicating operational efficiency, but the drop in net income is a concern.

Balance Sheet

The balance sheet reflects a moderately strong position, with a healthy stockholders' equity base. The debt-to-equity ratio has improved over recent years, indicating reduced leverage. However, the equity ratio shows a limited portion of assets funded by equity, suggesting potential risk if liabilities increase. Return on equity has been positive, showcasing effective use of equity capital.

Cash Flow

Cash flow analysis reveals challenges, particularly with negative free cash flow in the most recent year, indicating potential liquidity issues. Operating cash flow has decreased significantly, affecting the company's ability to cover its net income with cash flows. The free cash flow to net income ratio highlights difficulties in generating sufficient cash compared to profits.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	11.40B	11.54B	12.45B	11.10B	11.32B	7.47B
Gross Profit	2.69B	697.22M	4.14B	3.54B	3.35B	2.39B
EBITDA	977.50M	1.10B	1.15B	812.01M	1.31B	645.54M
Net Income	180.81M	274.75M	525.29M	221.39M	439.47M	-584.13M
Balance Sheet
Total Assets	0.00	15.16B	14.12B	12.95B	14.32B	15.20B
Cash, Cash Equivalents and Short-Term Investments	350.57M	350.57M	179.58M	516.10M	329.43M	264.70M
Total Debt	0.00	3.16B	3.10B	3.20B	3.80B	5.19B
Total Liabilities	-5.24B	9.92B	9.15B	8.50B	10.09B	11.41B
Stockholders Equity	5.24B	5.24B	4.96B	4.45B	4.23B	3.79B
Cash Flow
Free Cash Flow	0.00	-186.47M	438.25M	-39.40M	785.42M	-1.91B
Operating Cash Flow	0.00	344.10M	788.10M	195.39M	871.60M	-1.81B
Investing Cash Flow	0.00	-346.94M	-311.41M	1.10B	-137.08M	1.42B
Financing Cash Flow	0.00	47.37M	-802.67M	-1.10B	-688.31M	524.41M

B.L. Kashyap & Sons Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 51.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BLKASHYAP, the sentiment is Negative. The current price of 51.06 is above the 20-day moving average (MA) of 48.31, above the 50-day MA of 49.45, and below the 200-day MA of 61.97, indicating a bearish trend. The MACD of -0.94 indicates Negative momentum. The RSI at 45.97 is Neutral, neither overbought nor oversold. The STOCH value of 39.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BLKASHYAP.

B.L. Kashyap & Sons Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GPTINFRA	61 Neutral	₹13.19B	14.71	―	1.80%	15.97%	28.83%
VASCONEQ	61 Neutral	₹9.48B	6.43	―	―	3.46%	159.96%
SPMLINFRA	58 Neutral	₹12.19B	25.16	―	―	-35.16%	115.70%
OMINFRAL	56 Neutral	₹7.56B	29.62	―	0.39%	-45.35%	-0.88%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
BLKASHYAP	52 Neutral	₹10.72B	12,592.11	―	―	-4.30%	-99.86%
RIIL	52 Neutral	₹10.74B	86.80	―	0.42%	―	―

B.L. Kashyap & Sons Ltd. Corporate Events

B.L. Kashyap & Sons Announces Trading Window Closure Ahead of Quarterly Results

B.L. Kashyap & Sons Ltd. has announced that, in line with its code of conduct and the SEBI (Prohibition of Insider Trading) Regulations, 2015, it will close its trading window for designated persons and their immediate relatives from January 1, 2026. The restriction will remain in place until 48 hours after the publication of the company’s unaudited financial results for the quarter ended December 31, 2025, underscoring its adherence to regulatory norms on insider trading and information symmetry for market participants.