BSL Ltd (BSL) AI Stock Analysis

• Market Cap: ₹1.63B
• Dividend Yield: 0.51%
• Average Volume (3M): 2.98K
• Price to Earnings (P/E): 29.4
• Beta (1Y): 1.26
• Revenue Growth: -0.22%
• EPS Growth: -51.08%
• Country: IN
• Employees: 460
• Sector: Services
• Sector Strength: N/A
• Industry: Apparel - Manufacturers
• EPS (TTM): 1.67
• Shares Outstanding: 10,292,168
• 10 Day Avg. Volume: 1,107
• 30 Day Avg. Volume: 2,981
• PEG Ratio: -0.78
• Price to Book (P/B): 1.45
• Price to Sales (P/S): 0.26
• P/FCF Ratio: 3.88
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹187.00 ▲(18.77% Upside)

BSL Ltd's overall stock score is primarily influenced by its financial performance, which shows strong revenue growth and improved operational efficiency. However, the declining net profit margin and increased debt levels are significant risks. The technical analysis presents mixed signals, with some bullish momentum but no clear trend. The valuation suggests the stock may be overvalued, with a high P/E ratio and low dividend yield.

Positive Factors

Operational Efficiency

The significant improvement in EBIT margin indicates enhanced operational efficiency, which can lead to better profitability and competitive positioning.

Cash Flow Generation

Improved cash flow generation enhances financial flexibility, allowing the company to invest in growth opportunities and manage debt more effectively.

Revenue Growth

Consistent revenue growth reflects successful market expansion and product adoption, supporting long-term business sustainability.

Negative Factors

Rising Debt Levels

Higher debt levels can strain cash flow and limit financial flexibility, potentially impacting long-term stability and increasing financial risk.

Declining Net Profit Margin

A declining net profit margin suggests rising costs or inefficiencies, which could hinder profitability and shareholder value over time.

Decreased Financial Stability

A lower equity ratio indicates reduced financial stability, potentially increasing vulnerability to economic downturns and limiting growth potential.

BSL Ltd Business Overview & Revenue Model

Company Description

BSL Limited, a textile company, manufactures and sells fabrics and yarns in India and internationally. The company operates through Textile and Wind Power segments. It produces a range of polyester viscose fabrics, including suiting, shirting, safari, and corduroy blends; worsted fabrics, such as wool, wool rich, lycra blended poly wool, poly viscose, mohair polyester wool, and polyester silk wool fabrics. The company also offers wool, wool-blended, and premium lightweight fabrics; wool modal, Trevira wool, and other specialized fabrics blended with lycra, silk, linen, tencel, etc.; and furnishing and fashion fabrics. In addition, it is involved in the generation of wind power at Jaisalmer. The company offers its products online under the BSL, INSIGNIA, and GEOFFREY HAMMONDS brands. BSL Limited was incorporated in 1970 and is based in Noida, India.

How the Company Makes Money

BSL generates revenue through multiple streams, primarily by selling its core products and services to businesses and consumers. The company utilizes a direct sales model, complemented by online sales channels, allowing it to reach a wider audience. Additionally, BSL engages in strategic partnerships with key players in the industry, enhancing its distribution capabilities and expanding its market reach. The company may also derive income from recurring revenue models, such as subscriptions or maintenance contracts, which provide a steady income flow. Furthermore, BSL invests in research and development to innovate and introduce new products, ensuring ongoing demand and customer loyalty.

BSL Ltd Financial Statement Overview

Summary

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.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.61B	6.67B	6.66B	4.72B	4.34B	3.21B
Gross Profit	2.49B	2.39B	2.90B	2.03B	1.54B	1.14B
EBITDA	571.92M	595.96M	634.62M	506.63M	418.13M	305.85M
Net Income	63.15M	81.58M	112.33M	169.09M	114.79M	13.59M
Balance Sheet
Total Assets	0.00	6.27B	6.18B	5.38B	3.52B	2.88B
Cash, Cash Equivalents and Short-Term Investments	1.43M	2.89M	1.58M	17.92M	10.90M	5.94M
Total Debt	0.00	4.21B	4.37B	3.46B	1.86B	1.61B
Total Liabilities	-1.19B	5.07B	5.05B	4.34B	2.63B	2.10B
Stockholders Equity	1.19B	1.19B	1.13B	1.04B	893.02M	782.78M
Cash Flow
Free Cash Flow	0.00	445.88M	-620.06M	-1.48B	-135.14M	146.79M
Operating Cash Flow	0.00	570.07M	-394.70M	188.18M	25.77M	165.46M
Investing Cash Flow	0.00	-113.13M	-203.63M	-1.60B	-152.19M	-13.40M
Financing Cash Flow	0.00	-457.12M	597.83M	1.41B	127.56M	-154.28M

BSL Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 157.45
• 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:BSL, the sentiment is Negative. The current price of 157.45 is below the 20-day moving average (MA) of 164.68, below the 50-day MA of 178.75, and below the 200-day MA of 163.25, indicating a bearish trend. The MACD of -6.54 indicates Positive momentum. The RSI at 36.31 is Neutral, neither overbought nor oversold. The STOCH value of 37.09 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
LAMBODHARA	69 Neutral	₹1.28B	17.44	―	0.42%	13.13%	-2.13%
BSL	61 Neutral	₹1.63B	29.39	―	0.51%	-0.22%	-51.08%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
LAL	54 Neutral	₹1.65B	-27.76	―	―	20.81%	-133.88%
SOMATEX	50 Neutral	₹3.68B	133.16	―	―	-19.83%	-96.76%
INDTERRAIN	48 Neutral	₹1.80B	-13.27	―	―	-5.67%	71.26%
LOYALTEX	46 Neutral	₹1.02B	-6.53	―	―	-30.97%	80.99%

BSL Ltd Corporate Events

BSL Ltd Announces Analyst and Investor Meeting Schedule

BSL Ltd has announced a schedule for an upcoming analyst and institutional investor meeting, which will be attended by company representatives. The meeting, set for December 3, 2025, will focus on discussing the company’s operations without disclosing any unpublished price-sensitive information, reflecting BSL’s transparency and engagement with stakeholders.