BPL Ltd
Incorporated in 1963, BPL Ltd is in the business of manufacturing Printed Circuit Boards[1]
- Market Cap ₹ 218 Cr.
- Current Price ₹ 44.5
- High / Low ₹ 100 / 37.6
- Stock P/E 4.33
- Book Value ₹ 51.5
- Dividend Yield 0.00 %
- ROCE 7.85 %
- ROE -8.15 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.86 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of -0.15% over last 3 years.
- Contingent liabilities of Rs.69.8 Cr.
- Promoters have pledged 79.6% 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
Consumer Discretionary Consumer Durables Consumer Durables Consumer Electronics
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 45 | 24 | 40 | 94 | 124 | 140 | 95 | 44 | 38 | 52 | 66 | 78 | 77 | |
| 53 | 23 | 41 | 116 | 114 | 137 | 111 | 41 | 38 | 46 | 52 | 65 | 71 | |
| Operating Profit | -8 | 1 | -1 | -22 | 10 | 3 | -16 | 2 | 0 | 7 | 15 | 13 | 6 |
| OPM % | -18% | 3% | -2% | -24% | 8% | 2% | -17% | 5% | 0% | 13% | 22% | 16% | 8% |
| 14 | 9 | 16 | 80 | 15 | 3 | 2 | 1 | 11 | 10 | 5 | -8 | -16 | |
| Interest | 0 | 0 | 1 | 4 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 2 | 2 |
| Depreciation | 1 | 2 | 0 | 1 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 4 | 8 | 14 | 53 | 23 | 4 | -17 | -1 | 8 | 13 | 17 | 0 | -15 |
| Tax % | 3,061% | 0% | 159% | 1% | 68% | 75% | -122% | 3,874% | -69% | 57% | 20% | 17% | |
| -127 | 8 | -8 | 53 | 7 | 1 | 4 | -21 | 13 | 6 | 13 | 0 | -15 | |
| EPS in Rs | -26.04 | 1.59 | -1.73 | 10.86 | 1.50 | 0.19 | 0.77 | -4.39 | 2.65 | 1.17 | 2.75 | 0.08 | -3.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | -4% |
| 3 Years: | 27% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 178% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 14% |
| 3 Years: | -8% |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | -1% |
| 3 Years: | 0% |
| Last Year: | -8% |
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 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 |
| Reserves | 21 | 29 | 21 | 109 | 116 | 117 | 121 | 100 | 117 | 187 | 201 | 201 | 203 |
| 170 | 170 | 176 | 24 | 6 | 9 | 12 | 13 | 10 | 2 | 9 | 8 | 106 | |
| 29 | 18 | 56 | 196 | 189 | 192 | 195 | 194 | 190 | 191 | 189 | 185 | 187 | |
| Total Liabilities | 268 | 266 | 301 | 377 | 360 | 367 | 377 | 355 | 366 | 429 | 447 | 443 | 546 |
| 15 | 12 | 12 | 10 | 8 | 8 | 24 | 23 | 21 | 24 | 25 | 27 | 26 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | 0 | 0 | 3 | 0 | 0 |
| Investments | 136 | 21 | 21 | 56 | 56 | 56 | 56 | 56 | 175 | 240 | 240 | 240 | 240 |
| 117 | 233 | 269 | 312 | 296 | 299 | 296 | 277 | 170 | 165 | 178 | 176 | 280 | |
| Total Assets | 268 | 266 | 301 | 377 | 360 | 367 | 377 | 355 | 366 | 429 | 447 | 443 | 546 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | -121 | -20 | -60 | 4 | -7 | 8 | 1 | -0 | 6 | 8 | 9 | |
| 10 | 122 | 14 | 57 | 15 | -4 | -12 | 0 | 4 | 4 | -9 | -11 | |
| -21 | -0 | 6 | 14 | -20 | 2 | 0 | -1 | -4 | -10 | 6 | -2 | |
| Net Cash Flow | -4 | 1 | -1 | 11 | -1 | -9 | -3 | 0 | -1 | 0 | 5 | -5 |
| Free Cash Flow | 17 | -115 | -7 | -4 | 18 | -11 | -3 | 1 | -1 | 2 | 1 | 57 |
| CFO/OP | -84% | -19,495% | 2,306% | 272% | 37% | -215% | -52% | 56% | -512% | 96% | 52% | 71% |
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 | 28 | 1,766 | 1,054 | 45 | 28 | 51 | 38 | 131 | 125 | 97 | 118 | 111 |
| Inventory Days | 20 | 53 | 57 | 101 | 54 | 44 | 33 | 72 | 80 | 52 | 58 | 51 |
| Days Payable | 118 | 247 | 133 | 68 | 50 | 49 | 61 | 135 | 61 | 75 | 67 | 92 |
| Cash Conversion Cycle | -70 | 1,573 | 978 | 78 | 32 | 45 | 10 | 67 | 143 | 74 | 108 | 70 |
| Working Capital Days | -1 | 1,824 | 844 | -288 | -157 | -114 | -256 | -555 | -637 | -636 | -491 | -377 |
| ROCE % | -0% | 1% | 1% | 1% | 6% | 3% | -9% | 1% | 6% | 7% | 7% | 8% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Actual Production - Printed Circuit Boards (PCB) Square Meters (Sqm) |
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| Installed Capacity - Printed Circuit Boards (PCB) Square Meters (Sqm) |
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| Total Number of Employees Nos. |
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| Actual Production - Color Television (CTV) Nos. |
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| Installed Capacity - Color Television (CTV) Nos. |
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| Number of Retail Points / Dealers Nos. |
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| Number of Service Centers / Providers Nos. |
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| Actual Production - Medical Electronic Products Nos. |
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| Installed Capacity - Medical Electronic Products Nos. |
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| Sales Volume - Traded Consumer Electronics (LED TVs/Washers/Fridge) Nos. |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1 Apr - DRT Jan 19, 2026 order allows ARCIL to invoke Rs10 crore corporate guarantee for BDDL loan; BPL to appeal.
- Board Meeting Outcome for Outcome Of Board Meeting 31 Mar
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Board Meeting Intimation for BM Intimation
25 Mar - Board meeting on 31 March 2026 to consider and adopt 2026-27 Annual Operating Plans.
- Closure of Trading Window 24 Mar
- Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Feb
Annual reports
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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
from bse
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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 2012
from bse
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Financial Year 2011
from nse
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Financial Year 2011
from bse
Business Overview:[1]
BPL is in the business of consumer electronic durable products and manufacturing of Printed Circuit Boards (PCBs). The end-user industries for manufactured PCBs are the lighting and automotive industry. It manufactures high precision hermetically sealed panel meters for defense applications. It has also diversified into the manufacturing of medical products like electro-cardiographs as well as into infrastructure development in power and telecommunication.