B. L. Kashyap And Sons Limited (BLKASHYAP)

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B. L. Kashyap And Sons Limited (BLKASHYAP) · mywealthgrid

About

B.L. Kashyap And Sons Limited operates in civil construction within India's Industrials sector. With market cap ₹1,163.51 Cr and quarterly revenue of ₹302–363 Cr, it is a mid-sized contractor focused on EPC project delivery.

Face value: ₹1

Market cap

₹1,132 Cr

P/E

1,640.8×

P/B

2.1×

Dividend yield

ROE

0.3%

ROCE

15.8%

Debt / equity

0.57

OPM

7.4%

EPS (TTM)

₹0.0

Book value

₹23.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Severe quarterly volatility in net profit: losses of ₹7.27–₹12.52 Cr (Mar 2026) offset by gains of ₹10–11.83 Cr in other quarters, indicating project execution or timing risks
Operating margins thin at 7.41% average with lows of 5.54%; verify if compressed by project mix, competitive tendering, or cost inflation that constrains growth
ROE of 0.3% reveals poor capital efficiency; verify whether projects deliver acceptable returns or if cost structure needs restructuring
Civil construction sector exposed to raw material cost volatility, project delays, and government infrastructure spending cycles; verify company's order book diversification

Generated analysis · source review pending

Growth drivers

Operating margin improved from 5.54% (Sep 2025) to 8.46%–8.95% (Dec 2025–Jun 2026); if sustained, this recovery could drive net profitability and offset recent quarterly losses
Quarterly revenue consistency at ₹302–363 Cr indicates predictable execution; revenue growth requires new contract wins—verify order pipeline and bid strategy for larger projects
D/E of 0.57 provides borrowing capacity; verify if company plans to leverage this to pursue higher-value or higher-margin construction segments

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹50.2-1.3%1Y

Quick read

rule-based

Pros

+High promoter holding of 61.7% with no pledge

Cons

−Low return on equity of 5.6% (3-yr avg)
−Thin operating margin of 7.4%
−Profit declined 58.8% a year over the last 3 years
−Expensive at 1640.8× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

26/100

Business quality: 25
Growth: 14
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Larsen & ToubroLTLT	₹5,05,996 Cr	₹6,27,679 Cr	₹2,90,137 Cr	₹28,950 Cr	10.2%	₹16,590 Cr	6.6%	15.4%	15.5%	-142
Rail Vikas Nigam LimitedRVNLRVNL	₹41,075 Cr	₹45,888 Cr	₹20,825 Cr	₹891 Cr	3.8%	₹900 Cr	4.3%	10.2%	9%	66
Kalpataru Projects International LimitedKPILKPIL	₹23,167 Cr	₹26,474 Cr	₹27,380 Cr	₹2,277 Cr	8.3%	₹1,136 Cr	3.8%	20.3%	14.6%	-94
Nbcc (India) LimitedNBCCNBCC	₹20,898 Cr	₹20,898 Cr	₹12,752 Cr	₹656 Cr	4.8%	₹743 Cr	5.8%	29.3%	26.2%	-7,663
Irb Infrastructure Developers LimitedIRBIRB	₹20,533 Cr	₹40,541 Cr	₹7,686 Cr	₹4,182 Cr	52.1%	₹954 Cr	11.1%	6.1%	4.2%	67
Cemindia Projects LimitedCEMPROCEMPRO	₹20,254 Cr	₹21,120 Cr	₹10,185 Cr	₹1,058 Cr	10.2%	₹602 Cr	5.9%	44.8%	28.2%	-110
Engineers India LimitedENGINERSINENGINERSIN	₹17,577 Cr	₹17,577 Cr	₹3,878 Cr	₹750 Cr	17.7%	₹784 Cr	17.6%	28.8%	23.8%	-22
Techno Electric & Engineering Company LimitedTECHNOETECHNOE	₹11,614 Cr	₹11,686 Cr	₹3,356 Cr	₹469 Cr	14.2%	₹431 Cr	14.6%	13.6%	12%	-33
Ircon International LimitedIRCONIRCON	₹10,369 Cr	₹16,033 Cr	₹9,241 Cr	₹771 Cr	8.4%	₹524 Cr	6.5%	7.8%	9.2%	-469
Rites LimitedRITESRITES	₹10,068 Cr	₹10,068 Cr	₹2,458 Cr	₹555 Cr	22.9%	₹417 Cr	18.8%	19.3%	15.4%	-2,276
Welspun Enterprises LimitedWELENTWELENT	₹10,026 Cr	₹11,998 Cr	₹3,544 Cr	₹716 Cr	20.7%	₹308 Cr	10.9%	17.3%	12.5%	-422
Kec International LimitedKECKEC	₹9,912 Cr	₹15,015 Cr	₹23,506 Cr	₹1,599 Cr	7.1%	₹554 Cr	2.6%	23.1%	10.5%	-132

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	820	762	1,158	1,110	1,245	1,154	1,379
COGS	379	385	617	526	520	547	591
Gross profit	440	377	540	584	724	606	788
	419	314	450	486	614	541	686
	21	63	90	98	110	65	102
OPM %	2.6%	8.3%	7.8%	8.8%	8.9%	5.7%	7.4%
Depreciation	12	11	10	10	10	12	15
Interest	69	59	55	51	49	47	43
	-22	7	41	-16	12	45	-16
Profit before tax	-82	-1	66	21	63	50	27
Tax	-19	58	22	-2	11	23	26
Tax %	-23.4%	8,366.7%	33.3%	-7.4%	17%	45.3%	94.3%
	-63	-58	44	22	53	27	2
PAT margin %	-7.7%	-7.7%	3.8%	2%	4.2%	2.4%	0.1%
EPS (₹)	-2.8	-2.6	2	1	2.3	1.2	0.1
EPS adjusted (₹)	1	-2.6	2	1	2.3	1.2	0.1
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	23	23	23	23	23	23	23
Reserves	—	357	400	422	474	501	504
Minority interest	—	0	—	0	—	0	—
	—	422	380	320	309	316	299
	—	719	629	531	607	676	836
Total equity & liabilities	—	1,520	1,432	1,295	1,412	1,516	1,662
	70	68	62	73	93	123	162
CWIP	—	—	—	0	2	0	0
Investments	—	168	168	60	62	70	71
	—	1,284	1,202	1,162	1,256	1,323	1,428
Total assets	—	1,520	1,432	1,295	1,412	1,516	1,662

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	53.7%	49.4%	46.7%	52.6%	58.2%	52.5%	57.1%
EBITDA margin %	2.6%	8.3%	7.8%	8.8%	8.9%	5.7%	7.4%
EBIT margin %	1.1%	6.8%	6.9%	7.9%	8%	4.6%	6.3%
PAT margin %	-7.7%	-7.7%	3.8%	2%	4.2%	2.4%	0.1%
Working capital
Receivable days	—	210	110	138	110	138	115
Inventory days	—	324	201	240	348	129	126
Payable days	—	156	116	145	161	154	161
NWC days	—	378	195	234	298	114	79
Leverage
Current ratio	—	1.25	1.23	1.36	1.37	1.4	1.3
Debt to EBITDA	—	6.71	4.21	3.27	2.8	4.83	2.92
Debt to equity	—	1.11	0.9	0.72	0.62	0.6	0.57
Interest coverage	0.4	1.3	1.5	2.1	2.3	1.7	2.5
Asset turnover	—	0.5	0.81	0.86	0.88	0.76	0.83
Return ratios
Return on assets %	—	-3.8%	3.1%	1.7%	3.7%	1.8%	0.1%
Return on capital employed %	—	10.8%	11.9%	17.3%	18.1%	11.8%	15.8%
Return on equity %	—	-15.4%	10.4%	5%	10.6%	5.2%	0.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.65%	61.65%	61.65%	61.65%	61.65%	61.65%	61.67%	61.68%	61.7%	61.71%	61.72%	61.73%
	0.35%	0.31%	0.9%	1.65%	1.87%	0.59%	0.72%	0.4%	0.35%	0.31%	0.29%	0.26%
	0%	0.08%	0.03%	0%	0%	0.36%	0.93%	0.88%	0.58%	0.17%	0.18%	0.17%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	38%	37.96%	37.42%	36.7%	36.48%	37.4%	36.68%	37.04%	37.37%	37.81%	37.81%	37.84%
No. of shareholders	—	—	—	—	—	—	—	—	44,066	43,801	42,623	41,453

Promoter holding up 0.08 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
SAURABH KASHYAPPromoter Group	BuyMarket Purchase	18,176	₹10.72 L	0.16% → 0.17%	26 Sept 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

5 deals · 1 Feb 2024 – 8 Jul 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
8 Jul 2024	JITENDRA MOHANDAS VIRWANI	Bulk	NSE	Sell	13,71,339	₹99.95	₹13.71 Cr
7 Jun 2024	EMBASSY PROPERTY DEVELOPMENTS PRIVATE LIMITED	Bulk	NSE	Sell	14,80,522	₹81.47	₹12.06 Cr
6 Jun 2024	EMBASSY PROPERTY DEVELOPMENTS PRIVATE LIMITED	Bulk	NSE	Sell	18,25,528	₹78.34	₹14.30 Cr
1 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	14,50,687	₹74.17	₹10.76 Cr
1 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	14,50,687	₹74.06	₹10.74 Cr

1–5 of 5

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Vinod KashyapExecutive Director-Chairperson
Manoj AgrawalChief Financial Officer
Mr. Vineet KashyapExecutive Director-MD
Mr. Vikram KashyapExecutive Director
Mr. Vivek Prannath TalwarNon-Executive - Independent Director
Mr. Settihalli BasavarajNon-Executive - Independent Director
Mr. Vishal Sharat OhriNon-Executive - Nominee Director
Mr. Gopinath AmbadithodyNon-Executive - Independent Director
Mrs. Neelam Naresh KothariNon-Executive - Independent Director
Pushpak KumarGM. Corporate Affairs Company Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in B. L. Kashyap And Sons Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Credit ratings on the Bank facilities of the Company have been upgraded by CRISIL Ratings.16 Dec 2025 from CRISIL

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

61 announcementsExport CSV

1 Oct 2026, 5:07 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Sept 2026, 3:37 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

22 Sept 2026, 4:59 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

8 Sept 2026, 12:38 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Sept 2026, 5:33 pmAGM/EGM

Notice Of AGM Of The Company

AGM PDF

7 Sept 2026, 5:29 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

1 Sept 2026, 1:00 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

31 Aug 2026, 9:05 amCompany Update

Intimation Regarding Receipt Of Communication From Lead Bank In Relation To Settlement Of Right Of Recompense (ROR)

General PDF

Date	Category	Subject	Filing
1 Oct 2026, 5:07 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 3:37 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	53.7%	49.4%	46.7%	52.6%	58.2%	52.5%	57.1%
EBITDA margin %	2.6%	8.3%	7.8%	8.8%	8.9%	5.7%	7.4%
EBIT margin %	1.1%	6.8%	6.9%	7.9%	8%	4.6%	6.3%
PAT margin %	-7.7%	-7.7%	3.8%	2%	4.2%	2.4%	0.1%
Working capital
Receivable days	—	210	110	138	110	138	115
Inventory days	—	324	201	240	348	129	126
Payable days	—	156	116	145	161	154	161
NWC days	—	378	195	234	298	114	79
Leverage
Current ratio	—	1.25	1.23	1.36	1.37	1.4	1.3
Debt to EBITDA	—	6.71	4.21	3.27	2.8	4.83	2.92
Debt to equity	—	1.11	0.9	0.72	0.62	0.6	0.57
Interest coverage	0.4	1.3	1.5	2.1	2.3	1.7	2.5
Asset turnover	—	0.5	0.81	0.86	0.88	0.76	0.83
Return ratios
Return on assets %	—	-3.8%	3.1%	1.7%	3.7%	1.8%	0.1%
Return on capital employed %	—	10.8%	11.9%	17.3%	18.1%	11.8%	15.8%
Return on equity %	—	-15.4%	10.4%	5%	10.6%	5.2%	0.3%

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-181	76	20	79	76	115
	142	-2	110	-31	-29	-54
	52	-69	-110	-80	-43	-61
Net cash flow	14	5	19	-33	4	-0
Free cash flow	-191	67	-4	44	23	58
CFO / Operating profit %	-287.4%	83.8%	20%	71.5%	117%	112.2%

B. L. Kashyap And Sons Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Announcements

Not in the F&O segment

No fund holdings on record

7

1

1

Compounded sales growth

Compounded profit growth

Return on equity

Announcements

Annual reports

Credit ratings

B. L. Kashyap And Sons Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Announcements

Not in the F&O segment

Ratio timeline

Quarterly record

Insider dealing

Bulk & block deals

Board and management

No fund holdings on record

Dividends7

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Announcements

Annual reports

Credit ratings

7

1

1