BSL Ltd

BSL Ltd

₹ 188 -0.27%
28 Feb - close price
About

Incorporated in 1971, BSL Ltd is a vertically integrated textile company manufacturing Poly Viscose, Worsted, Fashion Fabrics and Yarns[1]

Key Points

Business Overview:[1]
BSL is an IS/ISO 9001-2008 certified manufacturer of textile products ranging from synthetic, worsted, and now cotton yarn to synthetic & worsted suiting's and a variety of furnishing fabrics. It is a supplier of furnishing fabrics to IKEA and to 25 other nations

  • Market Cap 193 Cr.
  • Current Price 188
  • High / Low 239 / 146
  • Stock P/E 13.8
  • Book Value 104
  • Dividend Yield 0.80 %
  • ROCE 11.9 %
  • ROE 19.0 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 142% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.22% over past five years.
  • Company has a low return on equity of 12.1% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Sector: Textiles Industry: Textiles - Processing

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
88.80 91.64 86.41 116.39 111.62 121.42 112.32 132.72 107.96 118.73 160.42 178.69 171.00
79.68 82.42 78.16 105.16 101.08 111.52 102.02 119.51 93.04 103.72 145.36 162.85 153.11
Operating Profit 9.12 9.22 8.25 11.23 10.54 9.90 10.30 13.21 14.92 15.01 15.06 15.84 17.89
OPM % 10.27% 10.06% 9.55% 9.65% 9.44% 8.15% 9.17% 9.95% 13.82% 12.64% 9.39% 8.86% 10.46%
0.02 0.52 0.99 0.11 0.03 0.38 0.36 0.19 0.10 -1.84 0.36 0.21 0.13
Interest 4.39 3.53 2.93 3.13 3.64 4.22 4.36 4.10 5.41 4.95 7.45 7.78 8.47
Depreciation 3.03 2.94 2.91 2.92 2.89 2.79 2.86 2.75 2.72 2.53 4.73 4.70 4.42
Profit before tax 1.72 3.27 3.40 5.29 4.04 3.27 3.44 6.55 6.89 5.69 3.24 3.57 5.13
Tax % 15.12% 2.45% 25.59% 26.47% 35.40% 24.46% 20.06% 22.60% 22.64% 33.74% 29.63% 29.41% 23.59%
1.46 3.19 2.53 3.88 2.61 2.46 2.74 5.07 5.33 3.77 2.27 2.52 3.92
EPS in Rs 1.42 3.10 2.46 3.77 2.54 2.39 2.66 4.93 5.18 3.66 2.21 2.45 3.81
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
304 295 338 380 378 440 403 437 390 321 436 472 629
272 263 304 342 342 404 373 407 361 292 396 418 565
Operating Profit 32 32 34 38 36 36 30 31 29 29 40 53 64
OPM % 11% 11% 10% 10% 10% 8% 7% 7% 7% 9% 9% 11% 10%
1 1 2 2 3 4 3 4 1 1 2 -1 -1
Interest 19 18 17 14 14 15 14 18 18 17 14 19 29
Depreciation 14 15 15 20 14 16 17 16 13 12 12 11 16
Profit before tax 1 0 4 6 11 9 2 1 -1 1 16 23 18
Tax % 80% -30% 13% -28% 35% 35% 41% 25% 290% -10% 28% 25%
0 0 3 7 7 6 1 1 2 1 11 17 12
EPS in Rs 0.13 0.34 3.26 6.99 6.92 5.75 1.00 0.85 1.61 1.32 11.15 16.43 12.13
Dividend Payout % 0% 0% 31% 17% 17% 21% 100% 0% 0% 0% 11% 9%
Compounded Sales Growth
10 Years: 5%
5 Years: 3%
3 Years: 7%
TTM: 33%
Compounded Profit Growth
10 Years: 48%
5 Years: 142%
3 Years: 122%
TTM: -11%
Stock Price CAGR
10 Years: 29%
5 Years: 35%
3 Years: 82%
1 Year: 16%
Return on Equity
10 Years: 7%
5 Years: 8%
3 Years: 12%
Last Year: 19%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 51 53 57 57 63 69 67 66 65 68 79 94 97
149 155 142 144 139 177 211 172 161 161 186 346 377
52 48 53 42 42 70 47 78 84 49 77 89 87
Total Liabilities 263 267 261 254 255 326 335 327 321 288 352 538 571
118 118 107 94 106 111 115 100 89 78 74 229 224
CWIP 0 0 0 3 2 4 1 1 0 0 7 0 2
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
145 148 154 156 146 211 220 226 231 210 270 309 345
Total Assets 263 267 261 254 255 326 335 327 321 288 352 538 571

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
29 25 32 24 44 11 37 20 29 17 3 19
-18 -16 -4 -14 -26 -24 -17 -0 -2 -1 -15 -160
-11 -10 -27 -11 -18 13 -21 -20 -27 -15 13 141
Net Cash Flow 0 -0 0 0 0 0 -0 -0 0 -0 0 -0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 62 59 53 57 57 72 78 70 65 79 75 75
Inventory Days 175 205 163 136 128 177 206 190 266 272 244 305
Days Payable 61 58 51 28 24 68 25 76 102 48 82 76
Cash Conversion Cycle 176 206 166 165 162 181 260 184 229 303 237 304
Working Capital Days 114 117 102 98 89 111 154 119 136 188 156 173
ROCE % 9% 9% 10% 9% 12% 10% 5% 6% 7% 8% 12% 12%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
56.44% 56.44% 56.44% 56.44% 56.44% 56.44% 56.44% 56.44% 56.72% 56.72% 56.72% 56.72%
0.00% 0.00% 0.01% 0.07% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00%
4.14% 3.17% 2.29% 2.30% 2.30% 2.30% 2.29% 2.29% 2.29% 2.29% 2.30% 2.30%
39.42% 40.39% 41.25% 41.19% 41.26% 41.26% 41.23% 41.26% 40.99% 40.99% 41.00% 40.98%
No. of Shareholders 10,09311,57011,70611,56111,57512,14712,01410,77610,24810,0359,7049,902

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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