BPL Ltd
Incorporated in 1963, BPL Ltd is in the business of manufacturing Printed Circuit Boards[1]
- Market Cap ₹ 415 Cr.
- Current Price ₹ 84.8
- High / Low ₹ 144 / 62.9
- Stock P/E 7.58
- Book Value ₹ 51.5
- Dividend Yield 0.00 %
- ROCE 26.6 %
- ROE 26.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.2% over last 3 years.
- Contingent liabilities of Rs.127 Cr.
* 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 | 78 | |
53 | 23 | 41 | 116 | 114 | 137 | 111 | 41 | 38 | 46 | 52 | 66 | 67 | |
Operating Profit | -8 | 1 | -1 | -22 | 10 | 3 | -16 | 2 | 0 | 7 | 15 | 13 | 11 |
OPM % | -18% | 3% | -2% | -24% | 8% | 2% | -17% | 5% | 0% | 13% | 22% | 16% | 14% |
14 | 9 | 16 | 80 | 15 | 3 | 2 | 1 | 11 | 10 | 5 | -8 | -17 | |
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 | -10 |
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 | -10 | |
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 | -2.10 |
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: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 36% |
5 Years: | 93% |
3 Years: | 72% |
TTM: | 119% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 35% |
3 Years: | 4% |
1 Year: | -23% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 8% |
3 Years: | 12% |
Last Year: | 26% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 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 |
170 | 170 | 176 | 24 | 6 | 9 | 12 | 13 | 10 | 2 | 9 | 8 | |
29 | 18 | 56 | 196 | 189 | 192 | 195 | 194 | 190 | 191 | 189 | 185 | |
Total Liabilities | 268 | 266 | 301 | 377 | 360 | 367 | 377 | 355 | 366 | 429 | 447 | 443 |
15 | 12 | 12 | 10 | 8 | 8 | 24 | 23 | 21 | 24 | 25 | 27 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | 0 | 0 | 3 | 0 |
Investments | 136 | 21 | 21 | 56 | 56 | 56 | 56 | 56 | 175 | 240 | 240 | 240 |
117 | 233 | 269 | 312 | 296 | 299 | 296 | 277 | 170 | 165 | 178 | 176 | |
Total Assets | 268 | 266 | 301 | 377 | 360 | 367 | 377 | 355 | 366 | 429 | 447 | 443 |
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 | 61 | |
-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 | 67 |
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 | 54 | 48 |
Days Payable | 118 | 247 | 133 | 68 | 50 | 49 | 61 | 135 | 61 | 75 | 63 | 87 |
Cash Conversion Cycle | -70 | 1,573 | 978 | 78 | 32 | 45 | 10 | 67 | 143 | 74 | 109 | 72 |
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% | 27% |
Documents
Announcements
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 17h
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 1d
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 1d
-
Announcement Under Regln 30
1d - Promoter group pledged BPL shares to Claypond Capital to secure INR 96 crore loan, agreement dated 15 Sep 2025.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - Company deposited Rs.96 crore with Supreme Court by 16 Sep 2025 under protest relating to creditor dispute.
Annual reports
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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
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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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.