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BSL Limited (514045) Fair Value & Analysis

Industrial Goods · IN · Market cap ₹359M

BL BSL Limited 514045 · BSE
Price₹122.00
Fair Value₹174.37
Upside+42.9%
Quality45/100
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Healthy Growth
Loss-making · -1.0% net margin
Moderate debt
1.94% dividend yield
Mixed vs. peers (5/11)
Narrow moat 14/100
Evidence: High Range ₹130.78 – ₹217.97 Share as image

Fair value as of: Aug 15, 2026

From 26 valuation models · updated today

Share price −4.5% over the past month.

Below-average quality, screening 43% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (₹130.78). The market is more pessimistic than our downside scenario.
  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

₹326.06 ₹30.99 Fair Value ₹174.37 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

60‑month range ₹30.99 – ₹326.06 · fair‑value band ₹130.78 – ₹217.97 · the ₹122.00 price screens below the ₹174.37 fair value. Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

BSL Limited (514045) currently trades at ₹122.00, while our model-based Fair Value estimate is ₹174.37, implying the stock looks roughly 42.9% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Industrial Goods sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, BSL Limited generated revenue of ₹3.1B at a net margin of -1.0%. Revenue declined 19.9% year over year. It earns a return on equity of -4.3%. The stock trades on a trailing P/E of 9.7 (as of Aug 15, 2026). Fundamentals as of Aug 15, 2026

Our scenario range runs from ₹130.78 (bear case) to ₹217.97 (bull case); at ₹122.00, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 42% below its 52-week high and 24% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrial Goods peers we cover trades at -27% fair-value upside, at 43%, 514045 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹292.74 ₹503.44 ₹788.20 80
Residual Income ₹87.41 ₹88.90 ₹87.06 76
Rev-Margin DCF ₹249.43 ₹478.73 ₹756.68 74
All 26 models by family
DCF Models
FCF DCF ₹293.87 ₹521.70 ₹843.61 38
Owner Earnings ₹65.24 ₹162.89 31
5Y Revenue Exit ₹249.43 ₹478.77 ₹775.46 39
5Y EBITDA Exit ₹317.90 ₹612.05 ₹963.25 41
5Y P/E Exit ₹103.96 ₹195.64 ₹290.24 38
10Y Revenue Exit ₹252.12 ₹457.77 ₹743.62 36
10Y EBITDA Exit ₹302.58 ₹544.17 ₹879.50 37
10Y P/E Exit ₹175.84 ₹274.22 ₹392.50 35
Earnings-Based
Graham-Dodd ₹53.90 ₹201.81 ₹272.91 54
Lynch FV ₹48.66 ₹69.51 ₹90.37 50
PEG = 1.0 ₹48.66 ₹69.51 ₹90.37 46
EPV ₹159.23 ₹199.15 ₹232.41 59
Dividend Discount
Gordon GGM ₹7.77 ₹14.00 ₹19.27 70
DDM Multi-Stage ₹7.77 ₹12.79 ₹14.96 61
Multiples
P/E Multiple ₹130.78 ₹174.37 ₹217.97 63
P/S Multiple ₹101.06 ₹134.74 ₹168.43 58
P/B Multiple ₹101.06 ₹134.74 ₹168.43 55
EV/EBIT ₹415.37 ₹598.33 ₹781.30 53
EV/EBITDA ₹387.95 ₹561.77 ₹735.58 54
EV/Revenue ₹236.48 ₹395.04 ₹553.61 43
Asset-Based
NCAV (Graham) ₹57.94 ₹77.64 ₹115.88 50
Growth DCF
Growth DCF ₹292.74 ₹503.44 ₹788.20 80
Rev-Margin DCF ₹249.43 ₹478.73 ₹756.68 74
Economic Profit
Residual Income ₹87.41 ₹88.90 ₹87.06 76
ROIC Compounder ₹171.16 ₹243.63 ₹331.92 72
Growth Earnings
Growth-Adj P/E ₹92.42 ₹132.03 ₹171.64 68

Widest divergence: Growth DCF (₹478.73) versus Dividend Discount (₹12.79). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹3.1B
Revenue growth (YoY) -19.9%
Net margin -1.0%
Return on equity -4.3%
P/E ratio 9.7 as of Aug 15, 2026
Operating margin 3.6%
More key figures
EPS (TTM) ₹2.59
Dividend yield 1.9%
EPS growth (YoY) -4.2%

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 47 · Market factors (momentum, volatility) 22

Profitability 44
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 20
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

BSL Limited, a textile company, manufactures and sells fabrics and yarns in India and internationally. The company operates through Textile and Wind Power segments.

Full company description

BSL Limited, a textile company, manufactures and sells fabrics and yarns in India and internationally. The company operates through Textile and Wind Power segments. It produces a range of polyester viscose fabrics, including suiting, shirting, safari, and corduroy blends; worsted fabrics, such as wool, wool rich, lycra blended poly wool, poly viscose, mohair polyester wool, and polyester silk wool fabrics. The company also offers wool, wool-blended, and premium lightweight fabrics; wool modal, Trevira wool, and other specialized fabrics blended with lycra, silk, linen, tencel, etc.; and furnishing and fashion fabrics. In addition, it is involved in the generation of wind power at Jaisalmer. The company also offers its products online under the BSL, GEOFFREY HAMMONDS, LINFAB, and Belfast brands. BSL Limited was incorporated in 1970 and is based in Noida, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BSL Limited reported revenue of ₹6.7B in FY2025 versus ₹3.2B in FY2021, a compound +20.0%/yr. Reported net income was ₹81.6M in FY2025, compounding +56.5%/yr from FY2021.

Growth Quality 79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
₹6.7B
Latest YoY
+0.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.3%
Avg. growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.4%
Revenue +20.0%/yr
FY21 ₹3.2B
FY22 ₹4.4B
FY23 ₹4.7B
FY24 ₹6.7B
FY25 ₹6.7B
Net income +56.5%/yr
FY21 ₹13.6M
FY22 ₹115M
FY23 ₹169M
FY24 ₹112M
FY25 ₹81.6M

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Cite: Fair Value Calculator (2026). "BSL Limited Fair Value". https://www.fairvalue-calculator.com/stock/514045

Peer Group

Textile Industrial · 16 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 45 · Bottom 25%
Fair Value upside +43% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) -1% · Below median
Operating margin (TTM) 4% · Above median
Revenue growth -20% · Above median
Dividend yield (TTM) 1.9% · Top 25%
Debt / equity 1.15× · Higher than 75% of peers

Valuation Multiples vs Textile Industrial median · lower = cheaper

P/E (TTM) 9.7× · Pricier than median
EV/EBITDA 5.7× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 91 · sector 0
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 42 · sector 97
DIVIDEND 39 · sector 0

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Textile Industrial stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).

Stock Price Fair Value vs Fair Value
Raymond Limited 500330 ₹640.90 ₹584.87 -9%
Arvind Limited 500101 ₹564.50 ₹203.30 -64%
Century Enka Limited 500280 ₹582.40 ₹422.06 -28%
Sat Industries Limited 511076 ₹125.00 ₹70.49 -44%
Banswara Syntex Limited 503722 ₹123.50 ₹208.05 +68%
Mafatlal Industries Limited 500264 ₹126.60 ₹74.12 -41%
Donear Industries Limited 512519 ₹88.21 ₹109.50 +24%
Loyal Textile Mills Limited 514036 ₹234.45 ₹171.90 -27%
Pasupati Acrylon Limited 500456 ₹61.16 ₹66.79 +9%
Shri Dinesh Mills Limited 503804 ₹345.00 ₹226.37 -34%

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Frequently asked questions

Is BSL Limited (514045) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of ₹174.37 versus a price of ₹122.00, about +43% (undervalued).
What is the fair value of 514045?
Our model-based fair value for BSL Limited is ₹174.37 (as of Aug 15, 2026), built from audited fundamentals. The current price is ₹122.00.
What is the quality score of 514045?
BSL Limited has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of BSL Limited (514045)?
BSL Limited reported trailing-twelve-month revenue of about ₹3.1B (latest available figure, as of Aug 15, 2026).
What is the net profit margin of 514045?
The net profit margin of BSL Limited is about -1.0%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does BSL Limited pay a dividend?
BSL Limited currently shows a dividend yield of about 1.94% relative to its recent price (as of Aug 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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