BPL Ltd
Incorporated in 1963, BPL Ltd is in the business of manufacturing Printed Circuit Boards[1]
- Market Cap ₹ 331 Cr.
- Current Price ₹ 67.6
- High / Low ₹ 144 / 62.9
- Stock P/E 6.58
- Book Value ₹ 50.9
- Dividend Yield 0.00 %
- ROCE 4.91 %
- ROE -36.6 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of -10.5% over last 3 years.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2016 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 198 | 94 | 82 | 89 | 76 | 94 | 105 | 40 | 38 | 52 | 66 | 78 | 77 | |
| 397 | 116 | 128 | 97 | 85 | 99 | 127 | 41 | 38 | 46 | 52 | 66 | 71 | |
| Operating Profit | -199 | -23 | -47 | -8 | -10 | -5 | -22 | -1 | 0 | 6 | 14 | 13 | 6 |
| OPM % | -101% | -24% | -57% | -9% | -13% | -6% | -21% | -2% | 0% | 11% | 22% | 16% | 8% |
| 11 | 2 | 67 | 116 | 72 | 39 | 17 | 16 | 11 | 10 | 5 | -8 | -16 | |
| Interest | 24 | 25 | 13 | 11 | 5 | 11 | 8 | 1 | 2 | 2 | 1 | 2 | 2 |
| Depreciation | 23 | 16 | 11 | 21 | 8 | 2 | 4 | 0 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | -235 | -62 | -4 | 77 | 49 | 21 | -17 | 14 | 8 | 13 | 17 | 0 | -15 |
| Tax % | -38% | -106% | -22% | 1% | -18% | 192% | 755% | 159% | -69% | 60% | 21% | 47% | |
| -146 | 4 | -3 | 76 | 58 | -19 | -149 | -14 | 13 | 5 | 13 | 0 | -15 | |
| EPS in Rs | -30.03 | 0.81 | -0.58 | 16.25 | 12.00 | -1.17 | -29.01 | -2.85 | 2.65 | 1.03 | 2.77 | 0.05 | -3.03 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 162% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 27% |
| 3 Years: | -2% |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -10% |
| Last Year: | -37% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2016 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 |
| Reserves | -64 | -60 | 5 | 95 | 154 | 149 | 48 | 8 | 117 | 187 | 201 | 200 |
| 529 | 570 | 456 | 306 | 218 | 193 | 170 | 176 | 31 | 23 | 30 | 30 | |
| 165 | 104 | 112 | 78 | 68 | 221 | 282 | 56 | 339 | 340 | 337 | 334 | |
| Total Liabilities | 679 | 664 | 622 | 527 | 488 | 611 | 548 | 289 | 536 | 599 | 616 | 613 |
| 160 | 145 | 114 | 72 | 27 | 32 | 38 | 12 | 56 | 58 | 60 | 61 | |
| CWIP | 17 | 19 | 19 | 19 | 19 | 300 | 306 | 0 | 309 | 309 | 312 | 309 |
| Investments | 141 | 137 | 137 | 137 | 116 | 0 | 0 | 9 | 59 | 124 | 124 | 124 |
| 361 | 363 | 352 | 298 | 327 | 280 | 204 | 269 | 113 | 108 | 121 | 119 | |
| Total Assets | 679 | 664 | 622 | 527 | 488 | 611 | 548 | 289 | 536 | 599 | 616 | 613 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2016 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -13 | -7 | 0 | 7 | -48 | 32 | -15 | -1 | 6 | 7 | 9 | ||
| 3 | 0 | 0 | 159 | 112 | -134 | 8 | 4 | 4 | -8 | -11 | ||
| 11 | 17 | 0 | -169 | -63 | 103 | 6 | -4 | -10 | 6 | -2 | ||
| Net Cash Flow | 1 | 10 | 0 | -3 | 1 | 1 | -1 | -1 | 0 | 5 | -5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2016 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56 | 48 | 71 | 73 | 63 | 71 | 93 | 1,051 | 125 | 97 | 118 | 111 |
| Inventory Days | 64 | 64 | 63 | 52 | 62 | 47 | 96 | 57 | 80 | 52 | 58 | 51 |
| Days Payable | 349 | 509 | 464 | 115 | 128 | 92 | 142 | 133 | 244 | 231 | 226 | 219 |
| Cash Conversion Cycle | -229 | -397 | -330 | 9 | -3 | 27 | 46 | 975 | -39 | -82 | -50 | -57 |
| Working Capital Days | 35 | 22 | 79 | 13 | -6 | -18 | 40 | 842 | -1,624 | -1,141 | -887 | -713 |
| ROCE % | -36% | -1% | -4% | -6% | -4% | -1% | -3% | 4% | 4% | 5% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Nov - Newspaper Publication of Financial Results for Q2 ending Sept 30 ,2025
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Board Meeting Outcome for Outcome Of Board Meeting
12 Nov - Board approved unaudited Q2 results for quarter ended 30 Sep 2025; noted Rs72Cr paid, Rs96Cr deposited.
- Shareholder Meeting / Postal Ballot-Outcome of EGM 11 Nov
-
Board Meeting Intimation for Prior Intimation Of Board Meeting
6 Nov - Board meeting on 12 Nov 2025 to consider unaudited results for quarter ended 30 Sep 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Oct - Newspaper Publication for EGM scheduled on 11.11.2025
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
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.