BSL Ltd (BSL) AI Stock Analysis

• Market Cap: ₹1.55B
• Dividend Yield: 0.68%
• Average Volume (3M): 666.00
• Price to Earnings (P/E): 24.6
• Beta (1Y): 1.21
• 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: 179
• 30 Day Avg. Volume: 666
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹166.00
• Price Target Upside: 9.93% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 63 Neutral
• Price Target: ₹166.00 ▲(9.93% Upside)

The overall stock score reflects strong revenue growth and operational efficiency but is tempered by declining profitability and increased debt levels. Technical indicators suggest a neutral to bearish short-term trend. The valuation is moderate, but the low dividend yield offers limited income potential.

BSL Ltd Business Overview & Revenue Model

Company Description

BSL Ltd (BSL) is a leading technology company specializing in software development and IT consulting services. The company operates in the information technology sector, offering a diverse range of products and services that include custom software solutions, cloud services, and cybersecurity consulting. BSL is committed to delivering innovative and efficient IT solutions to businesses across various industries.

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

Overall, 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. Continued focus on cost control and managing debt levels will be crucial for sustained financial health.

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	Mar 2025	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	6.67B	6.66B	4.34B	4.72B	3.18B
Gross Profit	2.39B	2.12B	1.54B	2.03B	1.14B
EBITDA	595.96M	634.62M	418.13M	525.50M	305.85M
Net Income	81.58M	112.33M	114.79M	169.09M	13.59M
Balance Sheet
Total Assets	6.27B	6.18B	3.52B	5.38B	2.88B
Cash, Cash Equivalents and Short-Term Investments	2.89M	9.95M	10.90M	17.92M	5.94M
Total Debt	4.21B	4.37B	1.86B	3.46B	1.61B
Total Liabilities	5.07B	5.05B	2.63B	4.34B	2.10B
Stockholders Equity	1.19B	1.13B	893.02M	1.04B	782.78M
Cash Flow
Free Cash Flow	445.88M	-620.06M	-135.14M	-1.48B	146.79M
Operating Cash Flow	570.07M	-394.70M	25.77M	188.18M	165.46M
Investing Cash Flow	-113.13M	-203.63M	-152.19M	-1.60B	-13.40M
Financing Cash Flow	-457.12M	597.83M	127.56M	1.41B	-154.28M

BSL Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 151.00
• 50DMA: Positive
• 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:BSL, the sentiment is Negative. The current price of 151 is below the 20-day moving average (MA) of 153.84, above the 50-day MA of 148.73, and below the 200-day MA of 191.04, indicating a neutral trend. The MACD of -1.19 indicates Positive momentum. The RSI at 46.62 is Neutral, neither overbought nor oversold. The STOCH value of 64.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BSL.

BSL Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SOMATEX	68 Neutral	₹2.62B	3.65		―	67.77%	227.53%
LAMBODHARA	64 Neutral	₹1.31B	18.59		0.40%	17.57%	47.34%
BSL	63 Neutral	₹1.55B	24.61		0.68%	-1.25%	-43.95%
LAL	61 Neutral	₹1.81B	36.19		―	15.82%	2.72%
LOYALTEX	57 Neutral	₹1.67B	―		―	-27.37%	-29.73%
Sector *	54 Neutral	C$45.05M	57.91	15.08%	4.51%	1.39%	-26.37%
INDTERRAIN	48 Neutral	₹1.85B	―		―	-21.08%	-21.25%