BPL

BPL Limited

Legacy consumer-electronics brand with brand licensing and discontinued consumer businesses

Consumer Discretionary›Consumer Durables›Consumer Durables›Consumer Electronics

bpllimited.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹42.12
Market cap
207 Cr
Stock P/E
Loss (TTM EPS ₹-3.00)
P/B
0.86
Dividend yield
0.0%
ROE (FY26)
-2.2%
ROCE (FY26)
-1.1%
Operating margin (FY26)
2.9%
Debt / equity (FY26)
0.44
OCF / EBITDA (FY26)
-1829.0%
OCF / EBITDA (3Y)
-466.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

BPL is a consumer-electronics company registered in Kerala whose revenue comes mainly from a segment labelled PCB, with the rest from brand licensing fees.

Company snapshot

10thBy market cap

Ranked among 11 companies in Consumer Electronics.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 68.4% of revenue

SegmentRevenue shareRevenuePBTAssets
BRAND LICENCING FEE
31.6%
19 Cr6 Cr—
PCB
68.4%
41 Cr3 Cr—
Unalloted
16.1%
10 Cr10 Cr—

Shares add up to 116% because segment revenues are before inter-segment eliminations.

What we see

Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales21 Cr14 Cr16 Cr19 Cr21 Cr19 Cr19 Cr19 Cr20 Cr19 Cr20 Cr21 Cr
Operating expenses (approx.)12 Cr12 Cr16 Cr15 Cr16 Cr18 Cr17 Cr16 Cr19 Cr19 Cr19 Cr20 Cr
EBITDA10 Cr2 Cr0.48 Cr5 Cr5 Cr0.89 Cr2 Cr3 Cr0.49 Cr0.45 Cr0.48 Cr1 Cr
OPM %46.2%13.4%3.0%23.7%22.9%4.6%9.3%16.8%2.5%2.3%2.4%6.8%
Other income0.47 Cr0.19 Cr4 Cr10 Cr0.11 Cr0.20 Cr49 Cr0.44 Cr0.23 Cr0.64 Cr0.46 Cr0.22 Cr
Interest0.14 Cr0.15 Cr0.19 Cr0.26 Cr0.29 Cr0.16 Cr1 Cr0.38 Cr0.30 Cr0.30 Cr0.46 Cr0.31 Cr
Depreciation0.48 Cr0.51 Cr0.52 Cr0.53 Cr0.54 Cr0.61 Cr0.60 Cr0.60 Cr0.61 Cr0.62 Cr0.60 Cr0.60 Cr
Profit before tax10 Cr1 Cr4 Cr13 Cr4 Cr0.31 Cr-18 Cr3 Cr-0.19 Cr0.17 Cr-10 Cr-4 Cr
Tax %0.0%0.0%91.8%0.0%0.0%0.0%-0.4%0.0%0.0%0.0%-17.0%0.0%
Net profit10 Cr1 Cr0.31 Cr13 Cr4 Cr0.31 Cr-18 Cr3 Cr-0.19 Cr0.17 Cr-11 Cr-4 Cr
EPS (₹)—₹0.30₹0.06₹2.73₹0.83₹0.06—₹0.56₹-0.04₹0.04₹-2.29₹-0.72

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales38 Cr52 Cr66 Cr78 Cr78 CrSign in free for the trailing twelve months
Operating expenses (approx.)38 Cr46 Cr52 Cr66 Cr73 CrSign in free for the trailing twelve months
EBITDA0.06 Cr6 Cr14 Cr12 Cr5 CrSign in free for the trailing twelve months
OPM %0.2%11.2%21.3%15.5%6.0%Sign in free for the trailing twelve months
Other income11 Cr10 Cr6 Cr59 Cr2 CrSign in free for the trailing twelve months
Interest2 Cr2 Cr0.80 Cr2 Cr1 CrSign in free for the trailing twelve months
Depreciation2 Cr2 Cr2 Cr2 Cr2 CrSign in free for the trailing twelve months
Profit before tax8 Cr13 Cr17 Cr0.17 Cr-7 CrSign in free for the trailing twelve months
Tax %-69.3%59.6%20.5%44.8%-23.7%Sign in free for the trailing twelve months
Net profit13 Cr5 Cr13 Cr0.09 Cr-9 CrSign in free for the trailing twelve months
EPS (₹)₹3.37₹14.25₹2.76—₹-1.73Sign in free for the trailing twelve months
Dividend payout %0.0%0.0%0.0%1.8%—Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital49 Cr49 Cr49 Cr49 Cr49 Cr
Reserves117 Cr187 Cr201 Cr200 Cr192 Cr
Borrowings10 Cr23 Cr30 Cr8 Cr106 Cr
Other liabilities190 Cr206 Cr202 Cr221 Cr233 Cr
Total liabilities366 Cr599 Cr616 Cr613 Cr714 Cr
Fixed assets (net)19 Cr33 Cr35 Cr36 Cr34 Cr
CWIP—309 Cr312 Cr309 Cr308 Cr
Investments175 Cr126 Cr126 Cr126 Cr126 Cr
Inventories6 Cr4 Cr5 Cr5 Cr9 Cr
Trade receivables13 Cr14 Cr21 Cr24 Cr25 Cr
Cash & bank0.47 Cr0.87 Cr6 Cr1 Cr1 Cr
Other assets153 Cr112 Cr112 Cr112 Cr211 Cr
Total assets366 Cr599 Cr616 Cr613 Cr714 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity10 Cr13 Cr4 Cr-63 Cr-86 Cr
Cash from investing-0.24 Cr-4 Cr-5 Cr61 Cr-0.91 Cr
Cash from financing-11 Cr-9 Cr6 Cr-2 Cr87 Cr
Net cash flow-0.91 Cr0.38 Cr5 Cr-5 Cr-0.14 Cr
Free cash flow (OCF − Capex)10 Cr9 Cr-2 Cr-64 Cr-86 Cr

Ratios

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %5.7%3.6%4.3%0.6%-1.1%
ROE %7.8%1.4%3.5%0.1%-2.2%
Debtor days12497118111117
Inventory days8052544865
Days payable61231212204180
Cash conversion cycle143-82-40-462
OCF / EBITDA %n.m.229.4%30.3%-519.3%-1829.0%
OCF / EBITDA % (3 years)——139.0%-141.2%-466.6%
Debt / equity0.060.100.120.030.44
Current ratio0.670.210.280.270.72
Net debt / EBITDA0.003.761.700.5622.28