BSL Ltd (IN:BSL)
:BSL
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BSL Ltd
(BSL)
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Rating:42Neutral
Price Target:
₹119.00
▼(-18.49% Downside)
Action:Reiterated
Date:05/21/26
The score is weighed down primarily by weak financial performance—compressed margins, volatile cash generation, and high leverage. Technicals are neutral-to-soft (below key longer-term moving averages), and valuation is unattractive with a high P/E and low dividend yield.
Positive Factors
Multi‑year Revenue Expansion
Sustained revenue growth from 2022–2025 indicates the company built distribution, product traction or market share over multiple years. That multi‑year top‑line expansion provides scale benefits and operational leverage potential that can support medium‑term recovery even after a modest 2026 slip.
Negative Factors
High and Rising Leverage
Leverage at ~3.7x materially reduces financial flexibility, raises interest burden and heightens refinancing risk. Over several quarters this capital structure constrains investment, forces prioritization of debt service over growth, and makes the business sensitive to cyclical downturns or margin compression.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi‑year Revenue Expansion
Sustained revenue growth from 2022–2025 indicates the company built distribution, product traction or market share over multiple years. That multi‑year top‑line expansion provides scale benefits and operational leverage potential that can support medium‑term recovery even after a modest 2026 slip.
Read all positive factors
BSL Ltd (BSL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.27B
Dividend Yield0.51%
Average Volume (3M)2.98K
Price to Earnings (P/E)44.5
Beta (1Y)1.10
Revenue Growth-1.50%
EPS Growth-70.82%
CountryIN
Employees460
SectorServices
Sector StrengthN/A
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)5.36
Shares Outstanding10,292,168
10 Day Avg. Volume1,107
30 Day Avg. Volume2,981
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)0.88
Price to Sales (P/S)0.16
P/FCF Ratio-6.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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, saf...
BSL Ltd Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
33
Negative
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.68B | 6.57B | 6.67B | 6.66B | 4.72B | 4.34B |
| Gross Profit | 2.46B | 1.12B | 2.39B | 2.90B | 2.03B | 1.54B |
| EBITDA | 552.12M | 491.34M | 595.96M | 634.62M | 506.63M | 418.13M |
| Net Income | 55.14M | 23.76M | 81.58M | 112.33M | 169.09M | 114.79M |
Balance Sheet | ||||||
| Total Assets | 6.60B | 6.40B | 6.27B | 6.18B | 5.38B | 3.52B |
| Cash, Cash Equivalents and Short-Term Investments | 12.51M | 2.61M | 2.89M | 1.58M | 17.92M | 10.90M |
| Total Debt | 4.41B | 4.39B | 4.21B | 4.37B | 3.46B | 1.86B |
| Total Liabilities | 5.40B | 5.20B | 5.07B | 5.05B | 4.34B | 2.63B |
| Stockholders Equity | 1.20B | 1.20B | 1.19B | 1.13B | 1.04B | 893.02M |
Cash Flow | ||||||
| Free Cash Flow | -54.89M | -176.00M | 445.88M | -620.06M | -1.48B | -135.14M |
| Operating Cash Flow | 136.72M | 218.65M | 570.07M | -394.70M | 188.18M | 25.77M |
| Investing Cash Flow | -187.96M | -390.51M | -113.13M | -203.63M | -1.60B | -152.19M |
| Financing Cash Flow | 51.31M | 172.10M | -457.12M | 597.83M | 1.41B | 127.56M |
BSL Ltd Technical Analysis
Negative
146.00
Price Trends
122.73
Positive
131.29
Negative
150.60
Negative
Market Momentum
0.41
Positive
48.74
Neutral
33.96
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 146 is above the 20-day moving average (MA) of 126.72, above the 50-day MA of 122.73, and below the 200-day MA of 150.60, indicating a neutral trend. The MACD of 0.41 indicates Positive momentum. The RSI at 48.74 is Neutral, neither overbought nor oversold. The STOCH value of 33.96 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹1.05B | 13.04 | ― | 0.42% | 7.16% | 0.66% | |
59 Neutral | ₹1.22B | 35.63 | ― | ― | 2.44% | -123.91% | |
56 Neutral | ₹1.15B | -1.31 | ― | ― | -33.12% | 91.23% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
52 Neutral | ₹3.35B | 61.26 | ― | ― | 410.23% | -94.13% | |
50 Neutral | ₹1.63B | -25.38 | ― | ― | 10.88% | 88.49% | |
42 Neutral | ₹1.27B | 44.50 | ― | 0.51% | -1.50% | -70.82% |
* Services Sector Average
IN:BSL
BSL Ltd
120.50
-47.01
-28.06%
IN:INDTERRAIN
Indian Terrain Fashions Limited
33.17
-4.07
-10.93%
IN:LAL
Lorenzini Apparels Ltd.
7.08
-4.69
-39.85%
IN:LAMBODHARA
Lambodhara Textiles Ltd.
100.75
-41.28
-29.06%
IN:LOYALTEX
Loyal Textile Mills Limited
239.15
-38.85
-13.97%
IN:SOMATEX
Soma Textiles & Industries Ltd
101.30
57.88
133.30%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.