About Bsl Ltd
Data last updated: 25 September 2026
Bsl Ltd is a public limited company based in Bhilwara, Rajasthan, India. It specialises in wind energy solutions, a part of the broader environmental services sector. Incorporated on 24 October 1970, the company has been in operation for over 56 years.
Registered with ROC Jaipur under CIN L24302RJ1970PLC002266. Listed on BSE: 514045 and NSE: BSL.
Capital: an authorised share capital of ₹34 Cr and a paid-up capital of ₹10.29 Cr. Formerly known as Bhilwara Silk Mills Limited and Bhilwara Synthetics Limited. It is led by directors including Arun Kumar Churiwal and Ravi Jhunjhunwala.
Last AGM: 28 August 2025. Financial statements filed for year ended 31 March 2025. Office: 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. The net worth stands at ₹119.91 Cr (up 0.55% YoY). Total assets are valued at ₹560.31 Cr (up 3.44% YoY).
The company has a workforce of approximately 3,278 employees as per the latest available data.
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.
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.
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EmailLocked
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Registered AddressBsl Limited, Post Box No. 16 – 17 Mandpam, Bhilwara, Rajasthan, India – 311001
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IndustryEnvironment, Wind Energy Solutions, Solar Energy Solutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Bsl Ltd
Bsl Ltd has undergone 4 name changes throughout its history. The current legal name is Bsl Ltd, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Bsl Ltd | Current |
| Bhilwara Silk Mills Limited | Previous |
| Bhilwara Synthetics Limited | Previous |
| Bhilwara Silk Mills Private Limited | Previous |
| Raj General Udyog Private Limited | Previous |
Associated Brands with Bsl Ltd
Bsl Ltd operates one associated brand: BSL Ltd. These brands represent Bsl Ltd's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Textiles are manufactured by BSL in Bhilwara, India. | bslltd.com |
Business Activity of Bsl Ltd
Bsl Ltd is engaged in the principal business activity of manufacturing, with detailed activities including textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details for Bsl Ltd
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Bsl Ltd
Bsl Ltd is audited by SSMS & ASSOCIATES for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SSMS & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Bsl Ltd
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Bsl Ltd
Bsl Ltd is currently managed by 10 directors, with 13 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Arun Kumar Churiwal
Also directs:
Rswm Limited, Churiwala Properties And Investments Pvt Ltd, Akunth Textile Processors Private Limited and 4 more
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Whole-Time Director | 01 Sep 2007 | 19 Years 0 Months | Current |
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Ravi Jhunjhunwala
Also directs:
Rswm Limited, Rlj Family Trusteeship Private Limited, Sklnj Family Trustee Private Limited and 5 more
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Director | 16 Oct 1993 | 32 Years 11 Months | Current |
| Praveen Kumar Jain | Whole-Time Director | 07 Jun 2021 | 5 Years 3 Months | Current |
| Nivedan Churiwal | Managing Director | 26 Jul 1997 | 29 Years 1 Months | Current |
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Jagdish Chandra Laddha
Also directs:
Lagnam Spintex Limited, Vinati Organics Limited, Confederation Of Indian Textile Industry and 3 more
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Director | 10 Feb 2020 | 6 Years 7 Months | Current |
| Shekhar Agarwal | Director | 23 May 2002 | 24 Years 4 Months | Current |
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 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 657 | 667 | 666 | 472 | 436 | 321 | 390 |
| Revenue growth | +0.1% | +1.0% | +43.0% | +6.2% | +35.4% | -19.0% | -11.2% |
| EBITDA | 49.14 | 59.59 | 65.19 | 51.27 | 39.93 | 28.91 | 29.07 |
| EBITDA margin | +7.5% | +8.9% | +9.8% | +10.9% | +9.2% | +9.0% | +7.5% |
| Profit before tax | 2.73 | 10.71 | 14.93 | 22.55 | 15.99 | 1.22 | (0.87) |
| Net profit | 2.21 | 7.70 | 11.01 | 18.33 | 11.34 | 1.34 | 1.66 |
| Net profit margin | +0.3% | +1.2% | +1.7% | +3.9% | +2.6% | +0.4% | +0.4% |
| EPS (₹) | 2.31 | 7.93 | 10.91 | 16.43 | 11.15 | 1.32 | 1.62 |
| Balance sheet | |||||||
| Total assets | 560 | 542 | 551 | 451 | 277 | 242 | 239 |
| Net worth | 120 | 119 | 113 | 104 | 89.30 | 78.28 | 75.05 |
| Total debt | 439 | 421 | 437 | 346 | 186 | 161 | 161 |
| Cash & bank | 0.26 | 0.29 | 0.37 | 0.51 | 0.59 | 0.43 | 0.64 |
| Net working capital | 321 | 318 | 325 | 224 | 186 | 166 | 153 |
| Cash flow | |||||||
| Cash from operations | 49.42 | 57.01 | (39.47) | 18.82 | 2.58 | 16.55 | 30.35 |
| Cash from investing | (39.05) | (11.31) | (20.36) | (160) | (15.22) | (1.34) | (1.55) |
| Cash from financing | (10.34) | (45.71) | 59.78 | 141 | 12.76 | (15.43) | (26.91) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 170 | 148 | 167 | 184 | 158 | 156 | 170 | 178 |
| Revenue growth (YoY) | +7.4% | -5.0% | -1.7% | +3.5% | -3.5% | -0.5% | -0.7% | -0.4% |
| Other income | 0.12 | 0.26 | 0.02 | 0.03 | 0.39 | 0.05 | 0.13 | 0.02 |
| Total expenses | 155 | 138 | 154 | 171 | 146 | 143 | 154 | 162 |
| EBITDA | 14.29 | 10.08 | 13.12 | 13.71 | 12.23 | 12.44 | 16.23 | 15.69 |
| EBITDA margin | +8.4% | +6.8% | +7.9% | +7.4% | +7.7% | +8.0% | +9.6% | +8.8% |
| Depreciation | 4.58 | 4.15 | 4.21 | 4.16 | 4.26 | 4.39 | 4.48 | 4.51 |
| Interest | 7.65 | 7.64 | 7.38 | 7.52 | 7.79 | 7.88 | 7.95 | 7.85 |
| Profit before tax | 2.18 | (1.45) | 1.55 | 2.06 | 0.57 | 0.22 | 3.93 | 3.35 |
| Tax | 0.46 | (0.46) | 0.36 | 0.34 | 0.11 | (0.07) | 0.89 | 0.83 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 170 | 148 | 167 | 184 | 158 | 156 | 170 | 178 |
| Revenue growth (YoY) | +7.4% | -5.0% | -1.7% | +3.5% | -3.5% | -0.5% | -0.7% | -0.4% |
| Other income | 0.12 | 0.26 | 0.02 | 0.03 | 0.39 | 0.05 | 0.13 | 0.02 |
| Total expenses | 155 | 138 | 154 | 171 | 146 | 143 | 154 | 162 |
| EBITDA | 14.29 | 10.08 | 13.12 | 13.71 | 12.23 | 12.44 | 16.23 | 15.69 |
| EBITDA margin | +8.4% | +6.8% | +7.9% | +7.4% | +7.7% | +8.0% | +9.6% | +8.8% |
| Depreciation | 4.58 | 4.15 | 4.21 | 4.16 | 4.26 | 4.39 | 4.48 | 4.51 |
| Interest | 7.65 | 7.64 | 7.38 | 7.52 | 7.79 | 7.88 | 7.95 | 7.85 |
| Profit before tax | 2.18 | (1.45) | 1.55 | 2.06 | 0.57 | 0.22 | 3.93 | 3.35 |
| Tax | 0.46 | (0.46) | 0.36 | 0.34 | 0.11 | (0.07) | 0.89 | 0.83 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 657 | 667 | 666 | 472 | 436 | 321 | 390 |
| Revenue growth | +0.1% | +1.0% | +43.0% | +6.2% | +35.4% | -19.0% | -11.2% |
| Other income | 0.70 | 0.72 | 0.76 | 0.96 | 1.51 | 1.26 | 1.54 |
| Total expenses | 608 | 607 | 601 | 420 | 396 | 293 | 361 |
| Employee cost | 96.36 | 95.02 | 90.99 | 75.53 | 68.54 | 56.39 | 66.18 |
| EBITDA | 49.14 | 59.59 | 65.19 | 51.27 | 39.93 | 28.91 | 29.07 |
| EBITDA margin | +7.5% | +8.9% | +9.8% | +10.9% | +9.2% | +9.0% | +7.5% |
| Depreciation | 16.78 | 17.79 | 18.25 | 10.86 | 11.52 | 12.17 | 13.07 |
| Interest | 30.33 | 31.81 | 32.77 | 18.82 | 13.93 | 16.78 | 18.41 |
| Profit before tax | 2.73 | 10.71 | 14.93 | 22.55 | 15.99 | 1.22 | (0.87) |
| Tax | 0.35 | 2.56 | 3.70 | 5.65 | 4.50 | (0.12) | (2.52) |
| Net profit | 2.21 | 7.70 | 11.01 | 18.33 | 11.34 | 1.34 | 1.66 |
| Net profit margin | +0.3% | +1.2% | +1.7% | +3.9% | +2.6% | +0.4% | +0.4% |
| EPS (₹) | 2.31 | 7.93 | 10.91 | 16.43 | 11.15 | 1.32 | 1.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.29 | 10.29 | 10.29 | 10.29 | 10.29 | 10.29 | 10.29 |
| Reserves & surplus | 110 | 109 | 102 | 93.78 | 79.01 | 67.99 | 64.76 |
| Shareholders' funds (net worth) | 120 | 119 | 113 | 104 | 89.30 | 78.28 | 75.05 |
| Secured loans | 412 | 393 | 409 | 314 | 173 | 156 | 152 |
| Unsecured loans | 27.43 | 28.01 | 28.70 | 31.99 | 12.83 | 4.91 | 9.58 |
| Total debt | 439 | 421 | 437 | 346 | 186 | 161 | 161 |
| Total liabilities | 560 | 542 | 551 | 451 | 277 | 242 | 239 |
| Assets | |||||||
| Gross block | 373 | 344 | 339 | 319 | 161 | 153 | 152 |
| Net block | 231 | 219 | 231 | 229 | 74.37 | 78.03 | 89.23 |
| Capital work in progress | 16.68 | 6.25 | 0.17 | 0.00 | 7.19 | 0.00 | 0.01 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 222 | 240 | 210 | 185 | 141 | 116 | 139 |
| Sundry debtors | 143 | 131 | 144 | 97.53 | 89.29 | 69.52 | 69.12 |
| Cash & bank balances | 0.26 | 0.29 | 0.37 | 0.51 | 0.59 | 0.43 | 0.64 |
| Loans & advances | 23.56 | 19.40 | 28.31 | 22.24 | 26.11 | 22.29 | 19.76 |
| Total current assets | 389 | 391 | 382 | 306 | 257 | 208 | 229 |
| Total current liabilities | 67.46 | 73.07 | 57.03 | 81.52 | 70.99 | 41.93 | 76.15 |
| Net working capital | 321 | 318 | 325 | 224 | 186 | 166 | 153 |
| Total assets | 560 | 542 | 551 | 451 | 277 | 242 | 239 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.07 | 0.08 | 0.13 | 0.23 | 0.12 | 0.34 | 0.20 |
| Net cash from operating activities | 49.42 | 57.01 | (39.47) | 18.82 | 2.58 | 16.55 | 30.35 |
| 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) | 59.78 | 141 | 12.76 | (15.43) | (26.91) |
| Net change in cash | 0.02 | (0.02) | (0.05) | (0.09) | 0.11 | (0.22) | 1.88 |
| Closing cash | 0.26 | 0.29 | 0.37 | 0.51 | 0.59 | 0.43 | 0.64 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -1.5% | +0.1% | +41.3% | +8.2% | +35.6% | -17.6% | -10.8% |
| EBITDA growth | -17.5% | -8.6% | +27.2% | +28.4% | +38.1% | -0.6% | -5.5% |
| 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% | +9998.0% |
| 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 / equity | 3.60 | 3.70 | 3.61 | 2.75 | 2.07 | 2.11 | 2.20 |
| Long-term debt / equity | 1.17 | 1.25 | 1.43 | 1.06 | 0.46 | 0.36 | 0.34 |
| Interest cover | 93.73 | 76.10 | 69.81 | 46.57 | 49.03 | 100.24 | 115.06 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.83 | 1.95 | 2.02 | 1.97 | 2.77 | 2.10 | 2.57 |
| Inventory turnover | 2.84 | 2.96 | 3.37 | 2.89 | 3.38 | 2.52 | 3.03 |
| Debtors turnover | 4.80 | 4.86 | 5.53 | 5.05 | 5.49 | 4.64 | 5.08 |
| EPS (₹) | 2.31 | 7.93 | 10.91 | 16.43 | 11.15 | 1.32 | 1.62 |
| Dividend per share (₹) | 0.00 | 0.80 | 1.00 | 1.50 | 1.20 | 0.00 | 0.00 |
| Book value per share (₹) | 116.51 | 115.88 | 109.48 | 101.12 | 86.77 | 76.06 | 72.92 |
Shareholding Pattern of Bsl Ltd
As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 56.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 1.60%, retail and other public shareholders hold 41.70% of Bsl Ltd.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | |
|---|---|---|---|---|
| Promoters | 56.70% | 56.70% | 56.70% | 56.70% |
| Public | 43.30% | 43.30% | 43.30% | 43.30% |
Charges & Borrowings of Bsl Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Jun 2026 | State Bank of India | ₹15.84 Cr | Open |
| 11 Jun 2026 | Indian Bank | ₹7.4 Cr | Open |
| 05 Jun 2026 | Others | ₹8.5 Cr | Open |
| 05 Jun 2026 | Others | ₹10.15 Cr | Open |
| 02 Jun 2026 | Others | ₹4.92 Cr | Open |
Total charge records: 98 View all charges
Employees and EPFO Compliance at Bsl Ltd
Bsl Ltd has a workforce of 3,278 employees as of Apr 06, 2024.
Employee and EPFO history for Bsl Ltd
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
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GST Compliance of Bsl Ltd
GST registrations and filing compliance for Bsl Ltd
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
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Credit Ratings, Litigation & Regulatory Alerts for Bsl Ltd
Credit ratings, litigation, and regulatory alerts for Bsl Ltd
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Bsl Ltd
MSME payment history for Bsl Ltd
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
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Subsidiaries & Group Companies of Bsl Ltd
Corporate group structure for Bsl Ltd
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
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MCA Filings & Documents of Bsl Ltd
MCA filings and documents for Bsl Ltd
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Bsl Ltd
Frequently Asked Questions about Bsl Ltd
Bsl Ltd is an active public limited company in the environment sector based in Bhilwara, Rajasthan, India. It was incorporated on 24 October 1970 (56+ years old) and is registered under CIN L24302RJ1970PLC002266. Listed on BSE: 514045 and NSE: BSL. The company has 3,278 employees.
Bsl Ltd reported revenue of ₹657.04 Cr for FY 2025-26 (down 1.5% YoY) based on standalone financials.
The current directors of Bsl Ltd are:
- Arun Kumar Churiwal - Whole-Time Director
- Ravi Jhunjhunwala - Director
- Praveen Kumar Jain - Whole-Time Director
- Nivedan Churiwal - Managing Director
- Jagdish Chandra Laddha - Director
- Shekhar Agarwal - Director
- Avinash Todi - Director
- Hemant Kamala Jalan - Director
- Aarti B Aggarwal - Director
- Kunal Jhunjhunwala - Director
The primary industry of Bsl Ltd is environment. The company specifically operates in wind energy solutions. The company is currently active in this sector.
Yes. Bsl Ltd is listed on both BSE (code: 514045) and NSE (symbol: BSL).
Bsl Ltd can be reached at the registered office: Bsl Limited, Post Box No. 16 – 17 Mandpam, Bhilwara, Rajasthan, India – 311001, or through the website bslltd.com.