Arthneeti

BSL Q1 FY27 Share Price & Earnings Call Analysis

₹116.44-1.98% today
Market cap
₹120 Cr
P/E
33.06
ROE
1.85%
PEG
-0.67
Price to sales
0.18
Debt to equity
3.66
52W high / low
₹203 / ₹103
Sales growth (5Y)
15.37%
EBITDA margin
7.66%
Net profit margin
0.34%
Promoter holding
56.72%
Sales (last year)
₹669 Cr

Incorporated in 1971, BSL Ltd is a vertically integrated textile company manufacturing Poly Viscose, Worsted, Fashion Fabrics and Yarns[1]

Guidance scorecard · Q1 FY27 call

What BSL Ltd's management guided
and where it ranks in Textiles & Apparels

Revenue40%+MarginsUp 2%+CapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ4 FY23 call

40%+
  • The company foresees a 50% increase in overall revenue driven by growth in the yarn and other segments.
  • Yarn business is expected to grow by 40%, supported by the newly launched cotton spinning capacity.
  • The cotton spinning project, with 29,184 spindles, aims to produce around 700 tons per month, generating approximately ₹250 crore additional revenue annually.
  • The home furnishing business, centered around IKEA, is expected to continue growing despite temporary slowdowns due to economic conditions in Europe.
  • Domestic suiting and home décor segments have demonstrated remarkable growth, exceeding pre-pandemic levels, driven by premium product demand.

2 more points from BSL Ltd's call on revenue

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Full Q4 FY23 analysis

MarginsQ4 FY23 call

Up 2%+

See what BSL Ltd said on margins — free account, 30 seconds.

Full Q4 FY23 analysis

CapexQ4 FY23 call

Planned
  • BSL Limited recently commenced commercial operations in its cotton spinning project with an installed capacity of 29,184 spindles, expected to produce around 700 tons per month.
  • This new capacity is anticipated to generate additional revenue of approximately ₹250 crore annually based on current raw material prices.
  • The company is optimistic about profitability from this CAPEX in its first year of operation.
Full Q4 FY23 analysis

FundraisingQ4 FY23 call

See what BSL Ltd said on fundraising — free account, 30 seconds.

Full Q4 FY23 analysis

Order bookQ4 FY23 call

  • There is an encouraging improvement in demand and utilization levels in the Indian textile industry.
  • The export market showed signs of improvement with increased order flow due to inventory optimization by global retailers.
  • The cotton spinning project recently commenced commercial operation with an expected additional revenue of around ₹250 crore annually.

2 more points from BSL Ltd's call on the order book

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Full Q4 FY23 analysis
Full Textiles & Apparels ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Textiles & Apparels
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Sumeet IndustrieGood growth
    3
See all potential multibaggersWhere does BSL Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Textiles & Apparels companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹560 Cr90.6
240%+Flat₹421 Cr27.7
3Sumeet Industrie20–40%Up 2%+₹751 Cr30.3
420–40%Up 2%+₹305 Cr20.4
520–40%Up 0–2%₹2,823 Cr17.5
620–40%Up 0–2%₹1,067 Cr60.7

Sign up free to see every company in the sector ranking and track BSL Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels ranking

Financials of BSL Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of BSL Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +118.73160.42178.69171.00156.34163.72178.06169.78155.50158.01184.34166.88147.81
Expenses +103.72145.36162.85153.11139.93148.49162.36153.54143.07145.78170.63153.76137.73
Operating Profit15.0115.0615.8417.8916.4115.2315.7016.2412.4312.2313.7113.1210.08
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 +-1.840.360.210.130.060.510.020.130.050.390.030.020.26
Interest4.957.457.788.479.078.137.857.957.887.797.527.387.64
Depreciation2.534.734.704.424.404.404.514.484.394.264.164.214.15
Profit before tax5.693.243.575.133.003.213.363.940.210.572.061.55-1.45
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 +3.772.272.523.922.522.312.523.050.280.471.721.18-0.99
EPS in Rs3.662.212.453.812.452.242.452.960.270.461.671.15-0.96

Financials of BSL Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +380378440403437390321436472666667657
Expenses +342342404373407361292396418601607608
Operating Profit383636303129294053656049
OPM %10%10%8%7%7%7%9%9%11%10%9%7%
Other Income +23434112-1111
Interest141415141818171419333230
Depreciation201416171613121211181817
Profit before tax611921-11162315113
Tax %-28%35%35%41%25%-290%-10%28%25%25%24%13%
Net Profit +776112111171182
EPS in Rs6.996.925.751.000.851.611.3211.1516.4310.917.932.31
Dividend Payout %17%17%21%100%0%0%0%11%9%9%10%0%

Financials of BSL Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101010101010
Reserves576369676665687994102109110
Borrowings +144139177211172161161186346437421439
Other Liabilities +424270477884497789688681
Total Liabilities254255326335327321288352538618627640
Fixed Assets +94106111115100897874229231219231
CWIP3241100700617
Investments000000000000
Other Assets +156146211220226231210270309386402393
Total Assets254255326335327321288352538618627640

Financials of BSL Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +24441137203017319-395749
Cash from Investing Activity +-14-26-24-17-0-2-1-15-160-20-11-39
Cash from Financing Activity +-11-1813-21-20-27-151314160-46-10
Net Cash Flow000-0-02-00-0-0-00
Free Cash Flow1118-1321202915-13-141-604610
CFO/OP67%127%38%128%69%104%52%17%43%-59%94%100%

Financials of BSL Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days575772787065797575797279
Inventory Days136128177206190266272244305206237216
Days Payable2824682576102488276244437
Cash Conversion Cycle165162181260184229303237304260264258
Working Capital Days181615161313423829211912
ROCE %9%12%10%5%6%7%8%12%12%9%8%6%

Continue your research

What BSL Ltd's management said in earlier quarters

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