BSEL ALGO Ltd

BSEL ALGO Ltd

₹ 3.62 1.40%
02 Apr - close price
About

Incorporated in 1995, BSEL Algo Ltd undertakes algorithm-based trading and also deals in real estate.[1]

Key Points

Business Overview:[1][2]
BSELAL has diversified from real estate into technology-driven financial services, developing proprietary algorithmic trading software and actively trading in F&O, derivatives, commodities, and equities. The company also focuses on R&D to enhance its trading algorithms and systems for proprietary and client use, while continuing its presence in real estate.

  • Market Cap 31.4 Cr.
  • Current Price 3.62
  • High / Low 8.88 / 3.17
  • Stock P/E 31.7
  • Book Value 56.7
  • Dividend Yield 0.00 %
  • ROCE 2.88 %
  • ROE 2.15 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.06 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 20.4%
  • Company has a low return on equity of 5.61% over last 3 years.
  • Earnings include an other income of Rs.2.21 Cr.
  • Company has high debtors of 11,190 days.
  • Working capital days have increased from 5,768 days to 9,238 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
21.79 8.66 16.48 10.98 -7.59 8.24 22.75 9.56 -12.03 -7.32 0.54 -0.28 10.16
0.44 0.43 0.32 0.42 0.40 0.49 0.27 0.44 0.55 0.28 0.24 0.33 0.36
Operating Profit 21.35 8.23 16.16 10.56 -7.99 7.75 22.48 9.12 -12.58 -7.60 0.30 -0.61 9.80
OPM % 97.98% 95.03% 98.06% 96.17% 94.05% 98.81% 95.40% 55.56% 96.46%
0.50 0.40 0.35 0.33 0.50 0.98 0.51 0.50 0.30 0.68 0.48 0.49 0.56
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Profit before tax 21.84 8.62 16.50 10.88 -7.50 8.72 22.98 9.61 -12.29 -6.93 0.77 -0.13 10.35
Tax % 23.44% -53.48% 22.36% 19.94% -22.13% -9.17% 19.76% 25.29% -25.87% -5.77% 80.52% 200.00% 25.02%
16.72 13.23 12.80 8.71 -5.84 9.52 18.44 7.18 -9.11 -6.53 0.15 -0.39 7.76
EPS in Rs 2.02 1.60 1.55 1.05 -0.71 1.15 2.23 0.83 -1.05 -0.75 0.02 -0.05 0.90
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
0.71 0.36 0.64 0.44 0.39 5.16 -0.01 -0.04 -0.05 39.57 30.27 14.80 3.10
55.03 6.64 1.20 1.27 1.63 21.59 2.14 0.58 1.00 1.40 1.63 1.53 1.21
Operating Profit -54.32 -6.28 -0.56 -0.83 -1.24 -16.43 -2.15 -0.62 -1.05 38.17 28.64 13.27 1.89
OPM % -7,650.70% -1,744.44% -87.50% -188.64% -317.95% -318.41% -5,375.00% 96.46% 94.62% 89.66% 60.97%
24.38 2.12 -2.53 5.20 2.01 -3.60 -4.32 2.06 7.00 1.47 0.00 0.14 2.21
Interest 0.00 0.00 0.03 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.24 0.16 0.16 0.15 0.15 0.14 0.03 0.03 0.03 0.04 0.05 0.05 0.04
Profit before tax -30.18 -4.32 -3.28 4.21 0.62 -20.17 -6.50 1.41 5.92 39.60 28.59 13.36 4.06
Tax % 2.82% 13.89% 10.06% 30.64% 14.52% 0.15% 0.31% 65.25% 17.91% 1.64% 11.89% 25.37%
-31.03 -4.91 -3.61 2.92 0.54 -20.20 -6.52 0.49 4.86 38.94 25.20 9.97 0.99
EPS in Rs -3.76 -0.59 -0.44 0.35 0.07 -2.45 -0.79 0.06 0.59 4.71 3.05 1.15 0.12
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 45%
5 Years: %
3 Years: %
TTM: -89%
Compounded Profit Growth
10 Years: 14%
5 Years: 27%
3 Years: 31%
TTM: -96%
Stock Price CAGR
10 Years: 0%
5 Years: 31%
3 Years: -12%
1 Year: -56%
Return on Equity
10 Years: 1%
5 Years: 4%
3 Years: 6%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 82.62 82.62 82.62 82.62 82.62 82.62 82.62 82.62 82.62 82.62 82.62 86.62 86.62
Reserves 253.52 259.77 271.96 268.46 269.84 267.83 285.95 277.45 291.57 357.60 375.68 383.81 404.25
2.52 1.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
340.52 355.86 378.81 369.79 371.73 396.83 430.54 418.26 431.92 468.88 482.74 488.13 507.18
Total Liabilities 679.18 699.51 733.39 720.87 724.19 747.28 799.11 778.33 806.11 909.10 941.04 958.56 998.05
2.39 2.20 2.05 1.93 1.77 1.64 1.30 1.27 1.24 1.26 1.22 1.18 1.15
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 6.58 6.69 2.84 15.38 23.94 28.75 20.48 21.76 14.25 50.35 78.95 72.42 82.66
670.21 690.62 728.50 703.56 698.48 716.89 777.33 755.30 790.62 857.49 860.87 884.96 914.24
Total Assets 679.18 699.51 733.39 720.87 724.19 747.28 799.11 778.33 806.11 909.10 941.04 958.56 998.05

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-57.04 -3.94 -21.53 18.52 5.12 -7.57 -29.07 8.05 -23.17 -34.55 34.40 -6.68
34.60 13.17 21.13 -17.54 -6.22 9.76 28.90 -8.22 23.76 32.02 -33.56 6.07
24.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash Flow 1.94 9.23 -0.39 0.97 -1.10 2.19 -0.17 -0.17 0.59 -2.53 0.84 -0.61
Free Cash Flow -57.00 -3.95 -21.54 18.48 5.14 -7.58 -28.76 8.05 -23.18 -34.61 34.39 -6.68
CFO/OP 105% 63% 3,845% -2,231% -413% 46% 1,352% -1,298% 2,207% -91% 120% -50%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 172,423.94 347,469.86 206,584.30 294,447.16 332,851.92 26,575.68 -14,933,975.00 -3,627,278.75 -3,080,454.00 4,227.99 5,478.38 11,189.96
Inventory Days 1,038,358.64 2,964,986.25 2,082,994.17 2,447,763.00 3,068,190.00 6,009.00 -13,258,990.00 -3,224,045.00 -2,654,061.00
Days Payable 63,476.82 182,317.50 129,149.17 151,256.00 189,617.50 397.01
Cash Conversion Cycle 1,147,305.76 3,130,138.61 2,160,429.30 2,590,954.16 3,211,424.42 32,187.67 -28,192,965.00 -6,851,323.75 -5,734,515.00 4,227.99 5,478.38 11,189.96
Working Capital Days 160,224.72 316,302.92 186,212.73 266,607.61 300,488.59 22,310.27 12,500,155.00 3,037,621.25 2,583,835.00 3,562.37 4,504.68 9,238.20
ROCE % -8.96% -1.44% 0.22% 1.20% 0.07% -6.21% -2.05% 0.01% 1.47% 9.72% 6.36% 2.88%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Permanent Employees
Number ・Standalone data

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Number of Residential Tower Plots in UAE
Number
Work-in-Progress (Inventory Value)
INR Lakhs
Algo Trading Subscription Revenue
INR Lakhs
Increase in Median Remuneration
Percentage ・Standalone data

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
16.45% 16.45% 16.45% 16.45% 16.45% 16.45% 16.45% 16.45% 20.31% 20.31% 20.31% 20.41%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12%
83.53% 83.55% 83.55% 83.55% 83.55% 83.54% 83.43% 83.43% 79.58% 79.57% 79.58% 79.46%
No. of Shareholders 52,24453,18451,95254,97160,25958,72658,12361,78363,13763,97364,27463,525

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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