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 ₹ 965 Cr.
- Current Price ₹ 42.8
- High / Low ₹ 80.1 / 40.3
- Stock P/E 108
- Book Value ₹ 23.3
- Dividend Yield 0.00 %
- ROCE 8.08 %
- ROE 2.00 %
- 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 7.07% over past five years.
- Company has a low return on equity of 7.39% over last 3 years.
- Promoters have pledged 99.4% 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.
Peer comparison
Industrials Construction Construction Civil Construction
Part of BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,349 | 834 | 860 | 924 | 1,012 | 769 | 820 | 762 | 1,158 | 1,110 | 1,245 | 1,154 | 1,310 | |
| 1,296 | 816 | 792 | 834 | 927 | 713 | 799 | 699 | 1,067 | 1,012 | 1,134 | 1,088 | 1,227 | |
| Operating Profit | 53 | 19 | 68 | 89 | 85 | 57 | 21 | 63 | 90 | 98 | 110 | 65 | 83 |
| OPM % | 4% | 2% | 8% | 10% | 8% | 7% | 3% | 8% | 8% | 9% | 9% | 6% | 6% |
| -65 | 31 | 23 | 0 | 31 | 5 | -22 | 7 | 41 | -16 | 12 | 45 | 21 | |
| Interest | 97 | 81 | 82 | 83 | 77 | 59 | 69 | 59 | 55 | 51 | 49 | 47 | 44 |
| Depreciation | 23 | 47 | 21 | 13 | 12 | 12 | 12 | 11 | 10 | 10 | 10 | 12 | 14 |
| Profit before tax | -132 | -78 | -12 | -6 | 27 | -10 | -82 | -1 | 66 | 21 | 63 | 50 | 45 |
| Tax % | -36% | -26% | -48% | -181% | 23% | -34% | -23% | 8,490% | 33% | -7% | 17% | 45% | |
| -85 | -58 | -6 | 5 | 21 | -6 | -63 | -58 | 44 | 22 | 53 | 27 | 11 | |
| EPS in Rs | -4.14 | -2.82 | -0.29 | 0.24 | 0.98 | -0.28 | -2.79 | -2.59 | 1.95 | 0.98 | 2.33 | 1.22 | 0.48 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 7% |
| 3 Years: | 0% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 19% |
| 3 Years: | -18% |
| TTM: | -82% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 17% |
| 3 Years: | 11% |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 6% |
| 3 Years: | 7% |
| 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 | 21 | 21 | 21 | 21 | 22 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | 444 | 384 | 379 | 414 | 476 | 493 | 436 | 357 | 400 | 422 | 474 | 501 | 503 |
| 682 | 762 | 797 | 745 | 605 | 552 | 520 | 519 | 380 | 320 | 310 | 316 | 309 | |
| 695 | 596 | 637 | 595 | 645 | 756 | 839 | 622 | 629 | 531 | 606 | 676 | 774 | |
| Total Liabilities | 1,841 | 1,762 | 1,833 | 1,774 | 1,748 | 1,824 | 1,818 | 1,520 | 1,432 | 1,295 | 1,412 | 1,516 | 1,608 |
| 140 | 90 | 99 | 431 | 414 | 412 | 311 | 236 | 230 | 133 | 154 | 192 | 220 | |
| CWIP | 117 | 130 | 139 | 95 | 97 | 94 | 95 | -0 | -0 | -0 | 2 | 0 | 0 |
| Investments | 299 | 299 | 301 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1,285 | 1,244 | 1,294 | 1,247 | 1,236 | 1,316 | 1,412 | 1,284 | 1,202 | 1,162 | 1,256 | 1,323 | 1,388 | |
| Total Assets | 1,841 | 1,762 | 1,833 | 1,774 | 1,748 | 1,824 | 1,818 | 1,520 | 1,432 | 1,295 | 1,412 | 1,516 | 1,608 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -23 | -35 | 117 | 245 | 117 | 164 | -23 | -181 | 87 | 20 | 79 | 76 | |
| -14 | 1 | -34 | -3 | -22 | -2 | 84 | 142 | -14 | 110 | -31 | -29 | |
| 35 | 40 | -89 | -243 | -45 | -160 | -60 | 52 | -69 | -110 | -80 | -43 | |
| Net Cash Flow | -2 | 5 | -7 | -1 | 50 | 2 | 2 | 14 | 5 | 19 | -33 | 4 |
| Free Cash Flow | -37 | -47 | 77 | 244 | 111 | 157 | 46 | -46 | 82 | 120 | 48 | 40 |
| CFO/OP | -42% | -191% | 172% | 275% | 144% | 293% | -87% | -274% | 99% | 29% | 85% | 137% |
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 | 107 | 169 | 187 | 156 | 127 | 176 | 171 | 210 | 110 | 138 | 111 | 138 |
| Inventory Days | 259 | 414 | 384 | 333 | 261 | 372 | 347 | 201 | 240 | 105 | 130 | |
| Days Payable | 150 | 188 | 163 | 118 | 152 | 170 | 179 | 116 | 140 | 136 | 154 | |
| Cash Conversion Cycle | 215 | 396 | 407 | 371 | 236 | 378 | 339 | 210 | 195 | 238 | 80 | 113 |
| Working Capital Days | 37 | 73 | 94 | 13 | -19 | -7 | 41 | 84 | 41 | 64 | 68 | 94 |
| ROCE % | 4% | 0% | 6% | 7% | 9% | 5% | 2% | 8% | 10% | 14% | 14% | 8% |
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 ・Standalone data |
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| Total Built-up Area Delivered (Cumulative) Million sq ft ・Standalone data |
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| Ongoing Projects Area Million sq ft ・Standalone data |
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| Workforce Strength Employees ・Standalone data |
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| Target Share of Government Projects in Order Book % ・Standalone data |
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Documents
Announcements
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Closure of Trading Window
16h - 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.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
18 Feb - Secured ₹300 Crore Greater Noida group-housing civil contract from CRC Greens; 42-month execution; LOI 17-Feb-2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Feb - Window for transfer and Dematerialisation of physical securities
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Feb - Newspaper publication of unaudited financial results for the quarter and nine months ended December 31, 2025
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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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.