B.L.Kashyap & Sons Ltd
B.L.Kashyap & Sons Ltd is an EPC company engaged in the business of Construction of Buildings High-Rise Residential and Commercial Complexes, IT Parks, Institutional Buildings, etc. [1]
- Market Cap ₹ 1,162 Cr.
- Current Price ₹ 51.6
- High / Low ₹ 80.1 / 40.3
- Stock P/E 56.2
- Book Value ₹ 32.4
- Dividend Yield 0.00 %
- ROCE 6.63 %
- ROE 1.98 %
- Face Value ₹ 1.00
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 7.58% over past five years.
- Company has a low return on equity of 5.03% over last 3 years.
- Promoters have pledged 99.3% of their holding.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,282 | 808 | 842 | 890 | 937 | 748 | 793 | 749 | 1,140 | 1,092 | 1,214 | 1,142 | 1,277 | |
| 1,246 | 792 | 774 | 804 | 840 | 688 | 775 | 684 | 1,046 | 988 | 1,117 | 1,075 | 1,197 | |
| Operating Profit | 36 | 16 | 68 | 85 | 97 | 61 | 18 | 65 | 94 | 104 | 97 | 67 | 80 |
| OPM % | 3% | 2% | 8% | 10% | 10% | 8% | 2% | 9% | 8% | 10% | 8% | 6% | 6% |
| -54 | 37 | 27 | 21 | 44 | 17 | 2 | 28 | 53 | 24 | 10 | 40 | 17 | |
| Interest | 92 | 75 | 75 | 77 | 66 | 47 | 56 | 47 | 47 | 47 | 48 | 47 | 43 |
| Depreciation | 22 | 44 | 20 | 10 | 9 | 9 | 10 | 9 | 8 | 8 | 9 | 11 | 13 |
| Profit before tax | -131 | -67 | 0 | 19 | 66 | 22 | -46 | 37 | 91 | 74 | 50 | 50 | 41 |
| Tax % | -34% | -21% | -400% | 33% | 26% | 36% | -34% | 93% | 28% | 29% | 30% | 27% | |
| -86 | -52 | 1 | 13 | 49 | 14 | -31 | 2 | 66 | 52 | 35 | 36 | 31 | |
| EPS in Rs | -4.19 | -2.55 | 0.05 | 0.61 | 2.27 | 0.62 | -1.36 | 0.11 | 2.93 | 2.31 | 1.55 | 1.59 | 1.36 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 8% |
| 3 Years: | 0% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 22% |
| 3 Years: | -27% |
| TTM: | -24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 26% |
| 3 Years: | 10% |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 4% |
| 3 Years: | 5% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 21 | 21 | 21 | 21 | 22 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | 464 | 411 | 412 | 405 | 496 | 533 | 502 | 506 | 571 | 623 | 657 | 693 | 707 |
| 567 | 591 | 627 | 615 | 494 | 445 | 396 | 415 | 334 | 304 | 305 | 291 | 283 | |
| 638 | 533 | 570 | 500 | 521 | 499 | 634 | 579 | 533 | 501 | 574 | 643 | 740 | |
| Total Liabilities | 1,690 | 1,555 | 1,630 | 1,540 | 1,532 | 1,499 | 1,555 | 1,523 | 1,461 | 1,450 | 1,558 | 1,649 | 1,753 |
| 129 | 81 | 91 | 81 | 77 | 72 | 64 | 62 | 57 | 67 | 86 | 117 | 144 | |
| CWIP | 4 | 4 | 4 | 5 | 7 | 4 | 5 | -0 | -0 | -0 | 2 | 0 | 0 |
| Investments | 14 | 14 | 13 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| 1,543 | 1,455 | 1,521 | 1,441 | 1,436 | 1,410 | 1,474 | 1,448 | 1,392 | 1,371 | 1,458 | 1,521 | 1,597 | |
| Total Assets | 1,690 | 1,555 | 1,630 | 1,540 | 1,532 | 1,499 | 1,555 | 1,523 | 1,461 | 1,450 | 1,558 | 1,649 | 1,753 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 14 | 38 | 85 | 132 | 50 | 63 | 38 | 60 | 63 | 83 | 87 | |
| 28 | 39 | -3 | 5 | 14 | 21 | 45 | -3 | 36 | -5 | -29 | -23 | |
| -34 | -52 | -38 | -91 | -99 | -69 | -104 | -28 | -87 | -75 | -48 | -61 | |
| Net Cash Flow | -0 | 1 | -3 | -1 | 47 | 2 | 3 | 6 | 9 | -16 | 6 | 4 |
| Free Cash Flow | 2 | 16 | 9 | 83 | 127 | 48 | 61 | 34 | 55 | 48 | 55 | 60 |
| CFO/OP | 35% | 129% | 57% | 99% | 142% | 85% | 372% | 68% | 66% | 69% | 101% | 149% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 121 | 179 | 198 | 171 | 129 | 173 | 192 | 199 | 119 | 148 | 120 | 138 |
| Inventory Days | 224 | 350 | 311 | 260 | 262 | 328 | 312 | 188 | 231 | 59 | 69 | |
| Days Payable | 148 | 187 | 162 | 115 | 169 | 166 | 176 | 116 | 147 | 134 | 150 | |
| Cash Conversion Cycle | 197 | 343 | 348 | 315 | 223 | 335 | 327 | 199 | 191 | 232 | 45 | 57 |
| Working Capital Days | 34 | 66 | 86 | -0 | -16 | 17 | 65 | 73 | 65 | 70 | 54 | 69 |
| ROCE % | 4% | 1% | 7% | 9% | 13% | 7% | 2% | 9% | 10% | 13% | 10% | 7% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2020 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Order Book INR Cr |
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| Number of Completed Projects (Cumulative) Projects |
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| Total Built-up Area Delivered (Cumulative) Million sq ft |
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| Ongoing Projects Area Million sq ft |
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| Workforce Strength Employees |
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| Target Share of Government Projects in Order Book % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4h - Opening of a special window for transfer and dematerilisation of physial securities
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
20 Apr - B.L. Kashyap confirms it is not a 'Large Corporate' under SEBI framework.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
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Closure of Trading Window
31 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for quarter/year ended Mar 31, 2026.
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Transmission Of Shares And Change In Promoter Group Classification
19 Mar - 76968 shares transmitted from deceased promoter Aradhana Kashyap to heir Saurabh Kashyap; promoter classification updated 19-Mar-2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2013
from nse
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Financial Year 2012
from bse
Overview[1]`
B L Kashyap & Sons Ltd. is one of the leading Engineering, Procurement, and Construction (EPC) Company, engaged in civil construction and Infrastructure with a pan-India presence.