Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of BSL Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 118.73 | 160.42 | 178.69 | 171.00 | 156.34 | 163.72 | 178.06 | 169.78 | 155.50 | 158.01 | 184.34 | 166.88 | 147.81 |
| Expenses + | 103.72 | 145.36 | 162.85 | 153.11 | 139.93 | 148.49 | 162.36 | 153.54 | 143.07 | 145.78 | 170.63 | 153.76 | 137.73 |
| Operating Profit | 15.01 | 15.06 | 15.84 | 17.89 | 16.41 | 15.23 | 15.70 | 16.24 | 12.43 | 12.23 | 13.71 | 13.12 | 10.08 |
| OPM % | 12.64% | 9.39% | 8.86% | 10.46% | 10.50% | 9.30% | 8.82% | 9.57% | 7.99% | 7.74% | 7.44% | 7.86% | 6.82% |
| Other Income + | -1.84 | 0.36 | 0.21 | 0.13 | 0.06 | 0.51 | 0.02 | 0.13 | 0.05 | 0.39 | 0.03 | 0.02 | 0.26 |
| Interest | 4.95 | 7.45 | 7.78 | 8.47 | 9.07 | 8.13 | 7.85 | 7.95 | 7.88 | 7.79 | 7.52 | 7.38 | 7.64 |
| Depreciation | 2.53 | 4.73 | 4.70 | 4.42 | 4.40 | 4.40 | 4.51 | 4.48 | 4.39 | 4.26 | 4.16 | 4.21 | 4.15 |
| Profit before tax | 5.69 | 3.24 | 3.57 | 5.13 | 3.00 | 3.21 | 3.36 | 3.94 | 0.21 | 0.57 | 2.06 | 1.55 | -1.45 |
| Tax % | 33.74% | 29.63% | 29.41% | 23.59% | 16.00% | 28.35% | 24.70% | 22.59% | -33.33% | 19.30% | 16.50% | 23.23% | -31.72% |
| Net Profit + | 3.77 | 2.27 | 2.52 | 3.92 | 2.52 | 2.31 | 2.52 | 3.05 | 0.28 | 0.47 | 1.72 | 1.18 | -0.99 |
| EPS in Rs | 3.66 | 2.21 | 2.45 | 3.81 | 2.45 | 2.24 | 2.45 | 2.96 | 0.27 | 0.46 | 1.67 | 1.15 | -0.96 |
Financials of BSL Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 380 | 378 | 440 | 403 | 437 | 390 | 321 | 436 | 472 | 666 | 667 | 657 |
| Expenses + | 342 | 342 | 404 | 373 | 407 | 361 | 292 | 396 | 418 | 601 | 607 | 608 |
| Operating Profit | 38 | 36 | 36 | 30 | 31 | 29 | 29 | 40 | 53 | 65 | 60 | 49 |
| OPM % | 10% | 10% | 8% | 7% | 7% | 7% | 9% | 9% | 11% | 10% | 9% | 7% |
| Other Income + | 2 | 3 | 4 | 3 | 4 | 1 | 1 | 2 | -1 | 1 | 1 | 1 |
| Interest | 14 | 14 | 15 | 14 | 18 | 18 | 17 | 14 | 19 | 33 | 32 | 30 |
| Depreciation | 20 | 14 | 16 | 17 | 16 | 13 | 12 | 12 | 11 | 18 | 18 | 17 |
| Profit before tax | 6 | 11 | 9 | 2 | 1 | -1 | 1 | 16 | 23 | 15 | 11 | 3 |
| Tax % | -28% | 35% | 35% | 41% | 25% | -290% | -10% | 28% | 25% | 25% | 24% | 13% |
| Net Profit + | 7 | 7 | 6 | 1 | 1 | 2 | 1 | 11 | 17 | 11 | 8 | 2 |
| EPS in Rs | 6.99 | 6.92 | 5.75 | 1.00 | 0.85 | 1.61 | 1.32 | 11.15 | 16.43 | 10.91 | 7.93 | 2.31 |
| Dividend Payout % | 17% | 17% | 21% | 100% | 0% | 0% | 0% | 11% | 9% | 9% | 10% | 0% |
Financials of BSL Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 57 | 63 | 69 | 67 | 66 | 65 | 68 | 79 | 94 | 102 | 109 | 110 |
| Borrowings + | 144 | 139 | 177 | 211 | 172 | 161 | 161 | 186 | 346 | 437 | 421 | 439 |
| Other Liabilities + | 42 | 42 | 70 | 47 | 78 | 84 | 49 | 77 | 89 | 68 | 86 | 81 |
| Total Liabilities | 254 | 255 | 326 | 335 | 327 | 321 | 288 | 352 | 538 | 618 | 627 | 640 |
| Fixed Assets + | 94 | 106 | 111 | 115 | 100 | 89 | 78 | 74 | 229 | 231 | 219 | 231 |
| CWIP | 3 | 2 | 4 | 1 | 1 | 0 | 0 | 7 | 0 | 0 | 6 | 17 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 156 | 146 | 211 | 220 | 226 | 231 | 210 | 270 | 309 | 386 | 402 | 393 |
| Total Assets | 254 | 255 | 326 | 335 | 327 | 321 | 288 | 352 | 538 | 618 | 627 | 640 |
Financials of BSL Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 24 | 44 | 11 | 37 | 20 | 30 | 17 | 3 | 19 | -39 | 57 | 49 |
| Cash from Investing Activity + | -14 | -26 | -24 | -17 | -0 | -2 | -1 | -15 | -160 | -20 | -11 | -39 |
| Cash from Financing Activity + | -11 | -18 | 13 | -21 | -20 | -27 | -15 | 13 | 141 | 60 | -46 | -10 |
| Net Cash Flow | 0 | 0 | 0 | -0 | -0 | 2 | -0 | 0 | -0 | -0 | -0 | 0 |
| Free Cash Flow | 11 | 18 | -13 | 21 | 20 | 29 | 15 | -13 | -141 | -60 | 46 | 10 |
| CFO/OP | 67% | 127% | 38% | 128% | 69% | 104% | 52% | 17% | 43% | -59% | 94% | 100% |
Financials of BSL Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 57 | 72 | 78 | 70 | 65 | 79 | 75 | 75 | 79 | 72 | 79 |
| Inventory Days | 136 | 128 | 177 | 206 | 190 | 266 | 272 | 244 | 305 | 206 | 237 | 216 |
| Days Payable | 28 | 24 | 68 | 25 | 76 | 102 | 48 | 82 | 76 | 24 | 44 | 37 |
| Cash Conversion Cycle | 165 | 162 | 181 | 260 | 184 | 229 | 303 | 237 | 304 | 260 | 264 | 258 |
| Working Capital Days | 18 | 16 | 15 | 16 | 13 | 13 | 42 | 38 | 29 | 21 | 19 | 12 |
| ROCE % | 9% | 12% | 10% | 5% | 6% | 7% | 8% | 12% | 12% | 9% | 8% | 6% |