BPL Limited (BPL) · mywealthgrid

Loading page…

About

Bpl Limited is a consumer electronics company operating in the Consumer Discretionary sector. With a market cap of ₹245.74 Cr and recent quarterly revenue around ₹19–21 Cr, it is a small-cap operator currently loss-making with negative ROE of -3.43%.

Face value: ₹10

Market cap

₹222 Cr

P/E

—

P/B

0.9×

Dividend yield

ROE

-3.4%

ROCE

0.9%

Debt / equity

0.44

OPM

EPS (TTM)

₹-3.0

Book value

₹49.2

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Persistent losses: Net losses in six of eight recent quarters with negative ROE of -3.43%, indicating ongoing shareholder value destruction.
Thin and volatile margins: Operating profit margin ranges 2.34–7.15% across recent quarters, signaling operational inconsistency and vulnerability to cost pressures.
Stagnant revenue base: Quarterly revenue flat at ₹19–21 Cr with no visible growth trajectory.
Consumer discretionary exposure: Sector vulnerability to economic slowdowns and cyclical spending patterns; verify competitive positioning and pricing power in consumer electronics.

Generated analysis · source review pending

Growth drivers

Profitability recovery: Dec 2025 delivered ₹0.17 Cr net profit on ₹19.19 Cr revenue; repeating this execution would stabilise operations and reverse cumulative losses.
Margin expansion: OPM peaked at 7.15% in Jun 2026; sustaining these margins would materially improve returns given the current revenue base.
Revenue growth potential: Quarterly revenue of ₹19–21 Cr is a small base; with margins demonstrated at 7.15%, incremental sales would generate significant profit improvement. Verify market demand and company's competitive positioning.

Generated analysis · source review pending

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

₹45.3-2.6%1Y

Quick read

rule-based

Pros

+High promoter holding of 63.1% with no pledge

Cons

−Low return on equity of 0.7% (3-yr avg)
−Thin operating margin of 6%

Research score

Structured signal from quality, growth, valuation and momentum.

35/100

Business quality: 19
Growth: 36
Valuation: 50

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

Loading peers…

Financials

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

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	38	52	66	78	78
COGS	27	31	32	40	47
Gross profit	12	22	34	38	31
	11	16	20	26	26
	0	6	14	12	5
OPM %	0.2%	11.2%	21.3%	15.5%	6%
Depreciation	2	2	2	2	2
Interest	2	2	1	2	1
	11	10	6	-8	-8
Profit before tax	8	13	17	0	-7
Tax	-5	7	3	0	2
Tax %	-69.3%	59.6%	20.5%	47.1%	23.7%
	13	5	13	0	-9
PAT margin %	33.9%	9.7%	20.2%	0.1%	-10.9%
EPS (₹)	3.4	14.3	2.8	0	-1.7
EPS adjusted (₹)	3.4	1	2.7	0.1	-1.7
Annual report	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	—	—

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	49	49	49	49	49
Reserves	117	187	201	200	192
Minority interest	—	135	135	134	134
	31	23	30	8	106
	339	206	202	221	233
Total equity & liabilities	536	599	616	613	714
	—	56	58	60	58
CWIP	—	309	312	309	308
Investments	—	126	126	126	126
	536	108	121	119	222
Total assets	536	599	616	613	714

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	10	13	4	-63	-86
	-0	-4	-5	61	-1
	-11	-9	6	-2	87
Net cash flow	-1	0	5	-5	-0
Free cash flow	10	9	-2	-64	-86
CFO / Operating profit %	—	229.2%	30.3%	-519.2%	—

Compounded sales growth

7 years: —
5 years: —
3 years: 14%
1 year: -0%

Return on equity

7 years: —
5 years: 2%
3 years: 0%
Last year: -2%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
PCB	61.86	2.16	70.95	9.18	61.77	3.5
BRAND LICENCING FEE	16.26	1.02

Loading financials…

Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	30.3%	41.2%	51.3%	48.9%	39.8%
EBITDA margin %	0.2%	11.2%	21.3%	15.5%	6%
EBIT margin %	-4.2%	8%	18.3%	12.6%	2.9%
PAT margin %	33.9%	9.7%	20.2%	0.1%	-10.9%
Working capital
Receivable days	—	97	118	111	117
Inventory days	—	52	54	48	68
Payable days	244	231	211	207	187
NWC days	—	-82	-40	-47	-2
Leverage
Current ratio	—	0.21	0.28	0.27	0.72
Debt to EBITDA	445.57	3.9	2.13	0.66	22.56
Debt to equity	0.19	0.1	0.12	0.03	0.44
Interest coverage	5.4	9.1	22.1	31.7	2.8
Asset turnover	0.07	0.09	0.11	0.13	0.11
Return ratios
Return on assets %	2.4%	0.8%	2.2%	0%	-1.2%
Return on capital employed %	—	3.6%	4.4%	16.9%	0.9%
Return on equity %	7.8%	2.1%	5.4%	0%	-3.5%

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.

Loading ratios…

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
	63.13%	63.13%	63.13%	63.13%	63.13%	63.13%	63.13%	63.13%	63.13%	63.13%	63.13%	63.13%
	0%	0.03%	0.01%	0.17%	0%	0.01%	0.03%	0%	0.04%	0.08%	0.03%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	36.87%	36.84%	36.86%	36.7%	36.87%	36.86%	36.84%	36.87%	36.83%	36.79%	36.84%	36.87%
No. of shareholders	—	—	—	—	—	—	—	—	45,638	45,473	45,356	44,893

Promoter holding up 0 percentage points since Sep 2023.

51 deals · 3 Sept 2021 – 16 Dec 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
16 Dec 2024	ASSET RECONSTRUCTION COMPANY INDIA LIMITED	Bulk	NSE	Sell	4,00,000	₹131.18	₹5.25 Cr
16 Dec 2024	PRIYA MILAN SADARIYA	Bulk	NSE	Buy	3,24,351	₹136.64	₹4.43 Cr
16 Dec 2024	PRIYA MILAN SADARIYA	Bulk	NSE	Sell	3,24,351	₹137.26	₹4.45 Cr
16 Dec 2024	QE SECURITIES LLP	Bulk	NSE	Sell	2,64,126	₹135.91	₹3.59 Cr
16 Dec 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	2,63,401	₹135.27	₹3.56 Cr
16 Dec 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	2,63,401	₹135.15	₹3.56 Cr
16 Dec 2024	QE SECURITIES LLP	Bulk	NSE	Buy	2,48,745	₹133.71	₹3.33 Cr
27 Jun 2024	ASHOK POPATLAL SHAH	Bulk	NSE	Buy	3,00,000	₹134.59	₹4.04 Cr
24 Jun 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	3,71,959	₹134.59	₹5.01 Cr
24 Jun 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	3,71,959	₹134.82	₹5.01 Cr

1–10 of 51

1 / 6

Mr. AJIT GOPAL NAMBIARExecutive Director-Chairperson related to Promoter-CEO-MD
Mrs. ANJU CHANDRSEKHARNon-Executive - Non Independent Director
Mr. CHANDAN JUNEJANon-Executive - Independent Director
Mr. NOWROZ J CAMANon-Executive - Independent Director
Mr. SABAREESHAN C KNon-Executive - Independent Director
Mr. SUKUMAR RANGACHARINon-Executive - Non Independent Director
Mrs. Karuna BaluChief Financial Officer

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

Loading shareholding…

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.

Loading f&o…

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 BPL Limited. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

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

Announcements

Annual reports

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

Loading documents…

Events

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

1

Board meeting to consider results12 Aug 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

13 announcementsExport CSV

28 Sept 2026, 12:42 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

3 Sept 2026, 2:10 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

3 Sept 2026, 12:05 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

2 Sept 2026, 6:47 pmAGM/EGM

Notice Of Shareholder Meeting

AGM PDF

2 Sept 2026, 4:30 pmAGM/EGM

NOTICE Of AGM

AGM PDF

31 Aug 2026, 6:13 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting

Outcome of Board Meeting PDF

26 Aug 2026, 3:29 pmBoard Meeting

Board Meeting Intimation for Approval And Consideration Of Notice And Boards Report For FY 25-26

Exchange filing PDF

10 Aug 2026, 3:51 pmAGM/EGM

BPL Ltd - 500074 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Postal Ballot PDF

Date	Category	Subject	Filing
28 Sept 2026, 12:42 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
3 Sept 2026, 2:10 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

Loading announcements…

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	30.3%	41.2%	51.3%	48.9%	39.8%
EBITDA margin %	0.2%	11.2%	21.3%	15.5%	6%
EBIT margin %	-4.2%	8%	18.3%	12.6%	2.9%
PAT margin %	33.9%	9.7%	20.2%	0.1%	-10.9%
Working capital
Receivable days	—	97	118	111	117
Inventory days	—	52	54	48	68
Payable days	244	231	211	207	187
NWC days	—	-82	-40	-47	-2
Leverage
Current ratio	—	0.21	0.28	0.27	0.72
Debt to EBITDA	445.57	3.9	2.13	0.66	22.56
Debt to equity	0.19	0.1	0.12	0.03	0.44
Interest coverage	5.4	9.1	22.1	31.7	2.8
Asset turnover	0.07	0.09	0.11	0.13	0.11
Return ratios
Return on assets %	2.4%	0.8%	2.2%	0%	-1.2%
Return on capital employed %	—	3.6%	4.4%	16.9%	0.9%
Return on equity %	7.8%	2.1%	5.4%	0%	-3.5%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Pg Electroplast LimitedPGELPGEL	₹13,740 Cr	₹14,337 Cr	₹5,818 Cr	₹414 Cr	7.3%	₹206 Cr	3.7%	10.9%	6.7%	69
Ikio Technologies LimitedIKIOIKIO	₹1,476 Cr	₹1,517 Cr	₹644 Cr	₹88 Cr	13%	₹47 Cr	7%	10%	6.5%	242
Onida Electronics LimitedONIDAONIDA	₹1,158 Cr	₹1,260 Cr	₹766 Cr	₹13 Cr	1.8%	₹2 Cr	0.3%	3.7%	0.8%	250
CWD LtdCWDCWD	₹651 Cr	—	₹142 Cr	₹22 Cr	15.4%	₹11 Cr	7.8%	—	—	—
Universus Photo Imagings LimitedUNIVPHOTOUNIVPHOTO	₹534 Cr	₹534 Cr	₹19 Cr	₹1 Cr	-1.5%	₹-18 Cr	-425.7%	2.4%	-9.5%	51
Sharp India LtdSMAARTSMAART	₹334 Cr	₹475 Cr	₹0 Cr	₹-8 Cr	—	₹-24 Cr	—	—	—	—
Veto Switchgears And Cables LimitedVETOVETO	₹261 Cr	₹283 Cr	₹411 Cr	₹41 Cr	9.8%	₹27 Cr	6.4%	12.4%	8.8%	242
BPL LimitedBPLBPL	₹222 Cr	₹327 Cr	₹80 Cr	₹3 Cr	6%	₹-15 Cr	-10.9%	0.9%	-3.4%	-2
Nanta Tech LtdNANTANANTA	₹170 Cr	—	₹51 Cr	₹7 Cr	12.7%	₹5 Cr	9.2%	—	—	—
Calcom Vision LtdCALCOMCALCOM	₹90 Cr	₹154 Cr	₹58 Cr	₹4 Cr	6.2%	₹1 Cr	1.1%	9.6%	2.9%	86
Khaitan (India) LimitedKHAITANLTDKHAITANLTD	₹71 Cr	₹76 Cr	₹118 Cr	₹8 Cr	6.6%	₹6 Cr	5.4%	20.2%	19.9%	-48
Samtel India LtdSAMTELINSAMTELIN	₹40 Cr	₹40 Cr	₹0 Cr	₹-0 Cr	-825%	₹-0 Cr	75%	-20.7%	3.2%	-59

BPL Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

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

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Segment results

BRAND LICENCE · revenue

1

1