BSL Ltd

BSE: 514045 NSE: BSL
BSL Ltd - environment in Bhilwara, Rajasthan, India. FY 2026 financials & compliance.
CIN L24302RJ1970PLC002266 Incorporated 24 October 1970 ROC Jaipur HQ Bhilwara, Rajasthan, India
Active Listed - NSE: BSL · BSE: 514045 Public Limited Company environment
Data last updated
Market Cap
₹139 Cr
BSL · NSE
Share Price
₹129.17
-4.29% today
Revenue
₹657 Cr
FY 2025-26 · -1.5% YoY
EBITDA
₹49.14 Cr
Margin 7.5%
Net Profit
₹2.21 Cr
FY 2025-26 · -71.3% YoY
P/E (TTM)
36.7x
P/B 1.1x
ROE
2.0%
ROCE 6.0%
Debt / Equity
3.60
Interest cover 93.7x

About BSL Ltd

Data last updated:

BSL Ltd is a public limited company based in Bhilwara, Rajasthan, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 24 October 1970 and has been in existence for over 56 years.

Its director Ravi Jhunjhunwala and family are #376 among India's richest people (2026). Its director Hemant Kamala Jalan and family are #872 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN L24302RJ1970PLC002266. Its GSTIN is 08AABCB0639G1ZZ (Rajasthan). The company holds 3 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 514045 and NSE: BSL.

The company has an authorised share capital of ₹34 Cr and a paid-up capital of ₹10.29 Cr. It was formerly known as Bhilwara Silk Mills Limited and Bhilwara Synthetics Limited. It is led by directors including Nivedan Churiwal (Managing Director) and Arun Kumar Churiwal (Whole-Time Director).

Its last annual general meeting (AGM) was held on 28 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bhilwara, Rajasthan.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹657.04 Cr, a decline of 1.5% compared to the previous year. For the same year it recorded a net profit of ₹2.21 Cr (net margin 0.3%) and EBITDA of ₹49.14 Cr (EBITDA margin 7.5%). The net worth stands at ₹119.91 Cr (up 0.5% YoY). Total assets are valued at ₹560.31 Cr (up 3.4% YoY).

The company has about 3,278 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: BSL Ltd. As per MCA filings, the company has open charges of ₹571.57 Cr and satisfied charges of ₹719.21 Cr on record. Court records list 242 cases involving the company, including 188 filed by the company and 54 filed against it; 32 cases are pending. The company has 8 deals on record (8 market trades); the latest was in July 2016.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bslltd.com.

Company details

CIN L24302RJ1970PLC002266
Registration Number 002266
Incorporation Date 24 October 1970
ROC Jaipur
Listing Status Listed - Listed on NSE (BSL); Listed on BSE (514045)
Company Status Active
Date of Last AGM 28 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

BSL has undergone 4 name changes throughout its history. The current legal name is Bsl Ltd.

Company NameStatus
BSL LtdCurrent
Bhilwara Silk Mills LimitedPrevious
Bhilwara Synthetics LimitedPrevious
Bhilwara Silk Mills Private LimitedPrevious
Raj General Udyog Private LimitedPrevious
Key People
Nivedan Churiwal Managing Director Arun Kumar Churiwal Whole-Time Director Praveen Kumar Jain Whole-Time Director

Recognitions & Rankings of BSL

Contact details

BSL Ltd's registered office is in Bhilwara, Rajasthan. Its website is bslltd.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    bslltd.com
  • Social Media
  • Registered Address
    Bsl Limited, Post Box No. 16 – 17 Mandpam, Bhilwara, Rajasthan, India – 311001
  • Industry
    Environment, Wind Energy Solutions, Solar Energy Solutions

To see the full contact details of BSL Ltd, buy the company report.

Comprehensive company report
BSL Ltd - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

BSL operates one associated brand: BSL Ltd. Each brand links to its own profile.

BrandDescriptionWebsite
BSL Ltd
Textiles are manufactured by BSL in Bhilwara, India.bslltd.com

Business activity

The main business activity of BSL is manufacturing. In detail, this covers manufacture of textiles.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing13Manufacture of textiles

To see the full business activity and turnover split of BSL Ltd, buy the company report.

Financials of BSL Ltd

FY 2025-26 filings available

BSL Ltd reported revenue of ₹657.04 Cr (down 1.5% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹657 Cr
-1.5% YoY
EBITDA
₹49.14 Cr
-17.5% YoY
Profit After Tax
₹2.21 Cr
-71.3% YoY
Net Worth
₹120 Cr
+0.5% YoY
Total Assets
₹560 Cr
+3.4% YoY
Total Debt
₹439 Cr
+4.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue657667666472436321390
Revenue growth-1.5%+0.1%+41.3%+8.2%+35.6%-17.6%-
EBITDA49.1459.5965.1951.2739.9328.9129.07
EBITDA margin+7.5%+8.9%+9.8%+10.9%+9.2%+9.0%+7.5%
Profit before tax2.7310.7114.9322.5515.991.22(0.87)
Net profit2.217.7011.0118.3311.341.341.66
Net profit margin+0.3%+1.2%+1.7%+3.9%+2.6%+0.4%+0.4%
EPS (₹)2.317.9310.9116.4311.151.321.62
Balance sheet
Total assets560542551451277242239
Net worth12011911310489.3078.2875.05
Total debt439421437346186161161
Cash & bank0.260.290.370.510.590.430.64
Net working capital321318325224186166153
Cash flow
Cash from operations49.4257.01(39.47)18.822.5816.5530.35
Cash from investing(39.05)(11.31)(20.36)(160)(15.22)(1.34)(1.55)
Cash from financing(10.34)(45.71)59.7814112.76(15.43)(26.91)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue170148167184158156170178
Revenue growth (YoY)+7.4%-5.0%-1.7%+3.5%-3.5%---
Other income0.120.260.020.030.390.050.130.02
Total expenses155138154171146143154162
EBITDA14.2910.0813.1213.7112.2312.4416.2315.69
EBITDA margin+8.4%+6.8%+7.9%+7.4%+7.7%+8.0%+9.6%+8.8%
Depreciation4.584.154.214.164.264.394.484.51
Interest7.657.647.387.527.797.887.957.85
Profit before tax2.18(1.45)1.552.060.570.223.933.35
Tax0.46(0.46)0.360.340.11(0.07)0.890.83

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 09 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue170148167184158156170178
Revenue growth (YoY)+7.4%-5.0%-1.7%+3.5%-3.5%---
Other income0.120.260.020.030.390.050.130.02
Total expenses155138154171146143154162
EBITDA14.2910.0813.1213.7112.2312.4416.2315.69
EBITDA margin+8.4%+6.8%+7.9%+7.4%+7.7%+8.0%+9.6%+8.8%
Depreciation4.584.154.214.164.264.394.484.51
Interest7.657.647.387.527.797.887.957.85
Profit before tax2.18(1.45)1.552.060.570.223.933.35
Tax0.46(0.46)0.360.340.11(0.07)0.890.83
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue657667666472436321390
Revenue growth-1.5%+0.1%+41.3%+8.2%+35.6%-17.6%-
Other income0.700.720.760.961.511.261.54
Total expenses608607601420396293361
Employee cost96.3695.0290.9975.5368.5456.3966.18
EBITDA49.1459.5965.1951.2739.9328.9129.07
EBITDA margin+7.5%+8.9%+9.8%+10.9%+9.2%+9.0%+7.5%
Depreciation16.7817.7918.2510.8611.5212.1713.07
Interest30.3331.8132.7718.8213.9316.7818.41
Profit before tax2.7310.7114.9322.5515.991.22(0.87)
Tax0.352.563.705.654.50(0.12)(2.52)
Net profit2.217.7011.0118.3311.341.341.66
Net profit margin+0.3%+1.2%+1.7%+3.9%+2.6%+0.4%+0.4%
EPS (₹)2.317.9310.9116.4311.151.321.62
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital10.2910.2910.2910.2910.2910.2910.29
Reserves & surplus11010910293.7879.0167.9964.76
Shareholders' funds (net worth)12011911310489.3078.2875.05
Secured loans412393409314173156152
Unsecured loans27.4328.0128.7031.9912.834.919.58
Total debt439421437346186161161
Total liabilities560542551451277242239
Assets
Gross block373344339319161153152
Net block23121923122974.3778.0389.23
Capital work in progress16.686.250.170.007.190.000.01
Investments0.000.000.000.000.000.000.00
Inventories222240210185141116139
Sundry debtors14313114497.5389.2969.5269.12
Cash & bank balances0.260.290.370.510.590.430.64
Loans & advances23.5619.4028.3122.2426.1122.2919.76
Total current assets389391382306257208229
Total current liabilities67.4673.0757.0381.5270.9941.9376.15
Net working capital321318325224186166153
Total assets560542551451277242239
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.070.080.130.230.120.340.20
Net cash from operating activities49.4257.01(39.47)18.822.5816.5530.35
Net cash from investing activities(39.05)(11.31)(20.36)(160)(15.22)(1.34)(1.55)
Net cash from financing activities(10.34)(45.71)59.7814112.76(15.43)(26.91)
Net change in cash0.02(0.02)(0.05)(0.09)0.11(0.22)1.88
Closing cash0.260.290.370.510.590.430.64
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-1.5%+0.1%+41.3%+8.2%+35.6%-17.6%-
EBITDA growth-17.5%-8.6%+27.2%+28.4%+38.1%-0.6%-
PBT growth-74.5%-28.3%-33.8%+41.0%+1210.7%+9998.0%-
Net income growth-71.3%-30.1%-39.9%+61.6%+746.3%-19.3%-
Revenue CAGR (3Y)+11.7%+15.2%+27.5%+6.5%-0.1%-7.2%-3.9%
EBITDA CAGR (3Y)-1.4%+14.3%+31.1%+20.8%+9.1%-1.0%-6.5%
Profitability & leverage
Net income margin+0.4%+1.2%+1.7%+3.6%+2.6%+0.4%+0.4%
Return on capital employed+6.0%+7.8%+9.5%+11.4%+11.6%+7.5%+7.1%
Return on net worth+2.0%+7.0%+10.4%+17.5%+13.7%+1.8%+2.2%
Debt / equity3.603.703.612.752.072.112.20
Long-term debt / equity1.171.251.431.060.460.360.34
Interest cover93.7376.1069.8146.5749.03100.24115.06
Efficiency & per share
Fixed asset turnover1.831.952.021.972.772.102.57
Inventory turnover2.842.963.372.893.382.523.03
Debtors turnover4.804.865.535.055.494.645.08
EPS (₹)2.317.9310.9116.4311.151.321.62
Dividend per share (₹)0.000.801.001.501.200.000.00
Book value per share (₹)116.51115.88109.48101.1286.7776.0672.92

To see the full year-wise statements and ratios of BSL Ltd, buy the company report.

Board of directors of BSL Ltd

BSL has 10 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Arun Kumar Churiwal
Also directs: RSWM Limited, Churiwala Properties and Investments Pvt Ltd, Akunth Textile Processors Private Limited and 4 more
Whole-Time Director01 Sep 200719 Years 2 MonthsCurrent
Ravi Jhunjhunwala
Also directs: RSWM Limited, RLJ Family Trusteeship Private Limited, Sklnj Family Trustee Private Limited and 5 more
Director16 Oct 199333 Years 0 MonthsCurrent
Praveen Kumar JainWhole-Time Director07 Jun 20215 Years 5 MonthsCurrent
Nivedan Churiwal
Also directs: Churiwala Properties and Investments Pvt Ltd, Prapti Apparels Company Pvt. Ltd., Mandapam Vikas Pvt Ltd
Managing Director26 Jul 199729 Years 3 MonthsCurrent
Jagdish Chandra Laddha
Also directs: Lagnam Spintex Limited, Vinati Organics Limited, Confederation of Indian Textile Industry and 3 more
Director10 Feb 20206 Years 8 MonthsCurrent
Shekhar Agarwal
Also directs: RSWM Limited, Maral Overseas Limited, Heg Limited and 5 more
Director23 May 200224 Years 5 MonthsCurrent
Showing 6 of 10 current directors. View all directors

Auditor

BSL Ltd is audited by SSMS & ASSOCIATES for the financial year 2025.

Auditor firmFinancial yearFirm registration number
SSMS & ASSOCIATESFY 2025019351C

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 56.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 1.60% and retail and other public shareholders hold 41.70%.

Promoters: 56.70%DII (Domestic Institutional): 1.60%Retail & Others: 41.70%
Sep 2026
QUARTER
56.70% Promoters
1.60% DII (Domestic Institutional)
41.70% Retail & Others
Promoter holding - history
Now 56.70% · Sep 2026High 56.70% · Dec 2025Low 56.70% · Dec 2025
55%55.8%56.5%57.3%58%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 56.70%Mar 2026: 56.70%Jun 2026: 56.70%Sep 2026: 56.70%56.70%56.70%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters56.70%56.70%56.70%56.70%
Public43.30%43.30%43.30%43.30%

Charges & borrowings

Open charges
₹571.57 Cr
Satisfied charges
₹719.21 Cr
Breakdown by lending institutions
Sbicap Trustee Company Limited₹298.00 Cr
Others₹130.43 Cr
Indian Bank₹100.36 Cr
State Bank of India₹30.22 Cr
Canara Bank₹6.85 Cr
Others₹5.72 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
16 Jun 2026101309836State Bank of India₹15.84 CrOpen
11 Jun 2026101314085Indian Bank₹7.4 CrOpen
05 Jun 2026101307134Others₹8.5 CrOpen
05 Jun 2026101308790Others₹10.15 CrOpen
02 Jun 2026101313540Others₹4.92 CrOpen

To see the full charge records of BSL Ltd, buy the company report.

Total charge records: 98 View all charges

Deals & funding

BSL Ltd has 8 deals on record (8 market trades); the latest was in July 2016.

Total deals
8
Market trades
8

Deals on record (5 of 8)

WhenDealAmountParties
Jul 2016Market trade₹8.28 CrBuyer: Akunth Textile Processors Private Limited
Seller: Investor India Limited
Oct 2015Market trade₹74.4 LakhBuyer: Bharat Jain Huf
Jul 2010Market trade₹65.5 LakhBuyer: Bharat Securities Private Limited
Seller: Sar Auto Products Limiteed, Bharat Securities Private Limited
Dec 2006Market trade₹18.7 LakhSeller: Abhyudya Trading Ltd
Dec 2006Market trade₹11.8 LakhSeller: Abhyudya Trading Ltd

To see the full deal history of BSL Ltd, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

BSL Ltd was last rated by Brickwork on 29 Nov 2021.

Rating agencyRated onRating
Brickwork29 Nov 2021

To see the full credit ratings and regulatory alerts of BSL Ltd, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for BSL Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

BSL Ltd has a workforce of 3,278 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.

Employee count
3,278
Active EPFO establishments
1
Employee growth
24.88%

GST

BSL has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
08AABCB0639G1ZZRajasthanActive01 Jul 2017
07AABCB0639G1Z1DelhiActive01 Jul 2017
19AABCB0639G1ZWWest BengalActive01 Jul 2017

To see the full GST registrations and return filing status of BSL Ltd, buy the company report.

Recent activity

BSL Ltd has 32 board changes on record since 1993: 21 appointments and 11 cessations. The latest: Abhilasha Mimani ceased to be Director on 31 Mar 2024.

Charges
A charge registered on 01 Jul 2022 via Charge ID 100588291 with Others was fully satisfied on 17 Jun 2026.
Charges
A charge with State Bank Of India amounted to Rs. 15.84 Cr with Charge ID 101309836 was registered on 16 Jun 2026.
Charges
A charge with Indian Bank amounted to Rs. 7.40 Cr with Charge ID 101314085 was registered on 11 Jun 2026.
Charges
A charge with Others amounted to Rs. 8.50 Cr with Charge ID 101307134 was registered on 05 Jun 2026.
Charges
A charge with Others amounted to Rs. 10.15 Cr with Charge ID 101308790 was registered on 05 Jun 2026.
Charges
A charge with Others amounted to Rs. 4.92 Cr with Charge ID 101313540 was registered on 02 Jun 2026.
Charges
A charge registered on 27 Jan 2023 via Charge ID 100676048 with Hdfc Bank Limited was fully satisfied on 01 Jun 2026.
Charges
A charge registered on 23 Oct 2020 via Charge ID 100403654 with Hdfc Bank Limited was fully satisfied on 23 May 2026.
Charges
A charge with Others amounted to Rs. 0.08 Cr with Charge ID 101300471 was registered on 13 May 2026.
Charges
A charge registered on 20 Jan 2025 via Charge ID 101037839 with Indian Bank was fully satisfied on 27 Apr 2026.
Charges
A charge registered on 27 Sep 2023 via Charge ID 100784604 with Others was fully satisfied on 13 Apr 2026.
Charges
A charge registered on 13 Feb 2023 via Charge ID 100683394 with Others was fully satisfied on 09 Apr 2026.

244 earlier events are in the company report.

News

BSL Limited: Acquires 26% Stake in Bhadla Minigrid Solar 5 for ₹2.35 Crore to Enhance Its Renewable Energy Capacity.
17 Sep 2026 · Exchange Update

Frequently asked questions

BSL is an active public limited company based in Bhilwara, Rajasthan, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 24 October 1970 (56+ years old) and is registered under CIN L24302RJ1970PLC002266. Listed on BSE: 514045 and NSE: BSL.

BSL reported revenue of ₹657.04 Cr for FY 2025-26 (down 1.5% YoY) based on standalone financials.

BSL has 10 current directors:

The latest financial statements of BSL on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 28 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of BSL is 08AABCB0639G1ZZ, registered in Rajasthan. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 07AABCB0639G1Z1 (Delhi), 19AABCB0639G1ZW (West Bengal).

The CIN (Corporate Identification Number) of BSL is L24302RJ1970PLC002266. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. BSL is a listed company as per MCA records. Its shares are listed on both BSE (code: 514045) and NSE (symbol: BSL).

BSL has 242 court cases on record: 188 filed by the company and 54 filed against it. 32 are pending. Most are in the high courts.

BSL was incorporated on 24 October 1970, making it 56+ years old. It is registered with the Registrar of Companies, Jaipur.

BSL has 8 deals on record (8 market trades); the latest was in July 2016.