BPL Limited (BPL) AI Stock Analysis

• Market Cap: ₹2.70B
• Dividend Yield: N/A
• Average Volume (3M): 4.90K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.73
• Revenue Growth: 9.12%
• EPS Growth: -177.06%
• Country: IN
• Employees: 125
• Sector: Energy
• Sector Strength: 52
• Industry: Consumer Electronics
• EPS (TTM): 0.04
• Shares Outstanding: 48,975,750
• 10 Day Avg. Volume: 5,541
• 30 Day Avg. Volume: 4,897
• PEG Ratio: -38.73
• Price to Book (P/B): 1.45
• Price to Sales (P/S): 4.62
• P/FCF Ratio: 23.69
• 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: ₹63.00 ▲(3.58% Upside)
• Action: Reiterated Date: 12/10/25
• Date: Action: Reiterated 12/10/25

BPL Limited's overall stock score is primarily impacted by its stable financial position, despite challenges in profitability and operational efficiency. The bearish technical indicators and negative valuation metrics further weigh down the score, reflecting a cautious outlook.

Positive Factors

Diversified revenue streams

BPL's mix of hospital-facing medical devices, consumer electronics and recurring service contracts provides structural revenue diversification. This reduces reliance on a single end market, supports steadier cash flows, and partnerships expand tech access and market reach over the medium term.

Low financial leverage

A debt-to-equity of 0.04 signals very low leverage, giving BPL durable financial flexibility. Low fixed interest obligations preserve cash for capex, R&D or strategic M&A, and provide a buffer against demand shocks, supporting medium-term investment capacity and stability.

Strong free cash flow conversion

Nearly one-to-one free cash flow conversion suggests BPL generates cash efficiently relative to reported earnings. Reliable FCF enables reinvestment in product development, maintenance of service networks, and reduces dependence on external financing, strengthening long-term operational resilience.

Negative Factors

Significant margin erosion

A sharp decline in gross margin and near-zero net margin point to structural pressure on profitability—whether from cost inflation, pricing pressure, or worse product mix. Sustained margin degradation undermines free cash generation, limits reinvestment, and imperils competitive positioning over months.

Very low return on equity

An ROE of 0.04% indicates shareholder capital is generating almost no return, implying inefficient asset use or poor operating leverage. Persistently low ROE constrains the company's ability to attract capital and fund growth internally, limiting strategic optionality over time.

Earnings volatility and deterioration

Steep negative EPS growth and near-zero net margins signal volatile, deteriorating profitability. Such earnings instability hampers long-range planning, raises execution risk for product launches or service expansion, and may force cost cuts that damage long-term competitiveness.

BPL Limited Business Overview & Revenue Model

Company Description

BPL Limited manufactures and sells electronic products primarily in India. The company offers televisions, bulbs, LED tube lights, LED bulbs, LED batten, refrigerators, air conditioners, ceiling and exhaust fans, kitchen and home appliances, induction cookers, speakers, soundbars, accessories, and washing machines, as well as personal care products. It also offers medical electronic and printed circuit boards components. The company provides its products under the BPL brand name. BPL Limited was incorporated in 1963 and is based in Bengaluru, India.

How the Company Makes Money

BPL Limited generates revenue through multiple streams, primarily by selling medical devices and healthcare solutions to hospitals, clinics, and healthcare providers. The company has established key partnerships with various healthcare institutions and government agencies, which facilitate large-scale procurement of its products. Additionally, BPL earns income from consumer electronics sales, including home appliances. The company also benefits from service contracts related to maintenance and support of its medical equipment, providing a steady revenue flow. Furthermore, strategic collaborations with international firms for technology exchange and product development enhance its market reach and revenue potential.

BPL Limited Financial Statement Overview

Summary

BPL Limited shows a stable financial position with low leverage and a solid equity base. However, challenges in profitability and operational efficiency are evident from declining profit margins. The cash flow position has improved, but volatility remains a concern.

Income Statement

BPL Limited has shown a modest revenue growth rate of 3.38% in the latest year, indicating a positive trajectory. However, the gross profit margin has decreased significantly from 50.72% to 33.25%, and the net profit margin has dropped to a mere 0.12%, highlighting challenges in maintaining profitability. The EBIT and EBITDA margins have also declined, suggesting operational inefficiencies.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.04, indicating low leverage and financial stability. However, the return on equity is very low at 0.04%, reflecting limited profitability from equity investments. The equity ratio remains healthy, showcasing a solid capital structure.

Cash Flow

BPL Limited's cash flow statement reveals a significant improvement in free cash flow, but the operating cash flow to net income ratio is relatively low at 0.08. The free cash flow to net income ratio is strong at 0.96, indicating efficient cash generation relative to net income. However, the volatility in free cash flow growth suggests potential cash flow management challenges.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	772.44M	783.59M	664.25M	522.16M	382.07M	437.57M
Gross Profit	258.60M	260.54M	336.90M	215.40M	115.52M	144.04M
EBITDA	-106.51M	46.17M	194.52M	155.31M	107.85M	27.84M
Net Income	-149.42M	942.00K	132.91M	50.91M	129.50M	-214.65M
Balance Sheet
Total Assets	7.15B	6.13B	6.16B	5.99B	5.36B	3.55B
Cash, Cash Equivalents and Short-Term Investments	26.91M	15.24M	97.70M	15.91M	6.43M	14.01M
Total Debt	1.05B	101.12M	300.93M	228.55M	138.27M	126.20M
Total Liabilities	3.28B	2.29B	2.32B	2.28B	2.35B	2.06B
Stockholders Equity	2.52B	2.49B	2.49B	2.36B	1.66B	1.49B
Cash Flow
Free Cash Flow	-962.76M	152.95M	-19.57M	18.40M	-8.90M	15.71M
Operating Cash Flow	-960.05M	159.34M	42.92M	62.59M	-6.61M	16.23M
Investing Cash Flow	-7.10M	515.25M	-77.97M	42.88M	36.28M	-200.00K
Financing Cash Flow	968.13M	-2.94M	61.56M	-101.67M	-38.76M	-13.48M

BPL Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 60.82
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BPL, the sentiment is Negative. The current price of 60.82 is above the 20-day moving average (MA) of 57.40, above the 50-day MA of 59.20, and below the 200-day MA of 74.09, indicating a bearish trend. The MACD of -1.26 indicates Positive momentum. The RSI at 40.76 is Neutral, neither overbought nor oversold. The STOCH value of 27.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BPL.

BPL Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TDPOWERSYS	70 Outperform	₹141.15B	64.27	―	0.23%	40.14%	53.51%
TNPETRO	66 Neutral	₹8.44B	7.26	―	1.14%	8.27%	195.27%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SWELECTES	57 Neutral	₹7.88B	14.64	―	0.47%	39.01%	-42.51%
ZODIAC	57 Neutral	₹3.69B	18.52	―	0.25%	64.71%	48.65%
DIXON	56 Neutral	₹640.77B	40.26	―	0.06%	75.56%	103.31%
BPL	52 Neutral	₹2.70B	-18.09	―	―	9.12%	-177.06%

BPL Limited Corporate Events

BPL Limited Closes Trading Window Ahead of December Quarter Results

BPL Limited has announced that its trading window for dealings in the company’s securities by designated persons, including directors, specified employees and their immediate relatives, will be closed from 1 January 2026 until 48 hours after the announcement of its unaudited financial results for the quarter ended 31 December 2025. The move is in line with the company’s internal code of conduct and SEBI’s Prohibition of Insider Trading Regulations, underscoring its compliance focus and temporarily restricting insider trades around the upcoming quarterly results to protect market integrity and investor confidence.