---
title: "BS Ltd (BSLIMITED) — Share Price, Financials & Analysis"
symbol: "BSLIMITED"
company: "BS Ltd"
canonical: "https://tapetide.com/stocks/BSLIMITED"
generated_at: "2026-10-13T11:00:05.443Z"
---

# BS Ltd (BSLIMITED)

Canonical page: https://tapetide.com/stocks/BSLIMITED

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** bsgroup.in

## About

BS is engaged in manufacturing of Tower and Tower Parts and Engineering, Procurement and construction business ( EPC) relating to projects and systems for power transmission , distribution and related activities.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -44.0% over past five years.
- Contingent liabilities of Rs.199 Cr.
- Company has high debtors of 3,208 days.
- Working capital days have increased from 1,293 days to 3,001 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -178% | — | — |
| revenue growth | -49% | -65% | -44% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 632 | 394 | 226 | 30 | 30 | 37 | 7 | 2 | 35 | 1 | 2 | 1 |
| Expenses | 544 | 343 | 230 | 99 | 282 | 49 | 22 | 12 | 744 | 5 | 50 | 3 |
| Operating Profit | 88 | 51 | -4 | -69 | -252 | -13 | -15 | -10 | -709 | -5 | -48 | -2 |
| OPM % | 14 | 13 | -1.9 | -232 | -851 | -34 | -226 | -418 | -2039 | -563 | -2100 | -270 |
| Other Income | 2 | 0 | 2 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 48 | 45 | 49 | 53 | -55 | 7 | 8 | 1 | 0 | 0 | 1 | 0 |
| Depreciation | 16 | 13 | 13 | 13 | 13 | 10 | 10 | 10 | 10 | 8 | 8 | 8 |
| Profit before tax | 26 | -6 | -64 | -135 | -210 | -28 | -34 | -22 | -720 | -13 | -57 | -11 |
| Tax % | 39 | 0 | 0 | 0 | -3 | 0 | 0 | 0 | -1 | 0 | 0 | 0 |
| Net Profit | 16 | -6 | -64 | -135 | -203 | -28 | -34 | -22 | -716 | -13 | -57 | -11 |
| EPS in Rs | 0.35 | -0.15 | -1.46 | -3.05 | -4.59 | -0.64 | -0.76 | -0.49 | -16.21 | -0.3 | -1.29 | -0.24 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 521 | 872 | 1155 | 1513 | 1770 | 1905 | 2400 | 693 | 83 | 39 |
| Expenses | 461 | 750 | 1016 | 1331 | 1544 | 1626 | 2080 | 966 | 831 | 803 |
| Operating Profit | 60 | 122 | 139 | 182 | 226 | 279 | 320 | -273 | -747 | -764 |
| OPM % | 11 | 14 | 12 | 12 | 13 | 15 | 13 | -39 | -896 | -1973 |
| Other Income | 1 | 2 | 5 | 8 | 6 | 6 | 9 | 2 | 2 | 0 |
| Interest | 19 | 34 | 54 | 75 | 107 | 134 | 173 | 93 | 16 | 1 |
| Depreciation | 6 | 13 | 13 | 27 | 29 | 45 | 65 | 51 | 41 | 35 |
| Profit before tax | 37 | 77 | 77 | 89 | 96 | 106 | 92 | -415 | -803 | -800 |
| Tax % | 34 | 33 | 33 | 36 | 35 | 35 | 35 | -2 | 0 | — |
| Net Profit | 24 | 51 | 52 | 56 | 63 | 69 | 60 | -408 | -800 | -797 |
| EPS in Rs | — | 1.17 | 1.18 | 1.28 | 1.43 | 1.56 | 1.35 | -9.24 | -18.11 | -18.04 |
| Dividend Payout % | 0 | 4 | 4 | 4 | 7 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Sep 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 14 | 22 | 22 | 22 | 44 | 44 | 44 | 44 | 44 | 44 |
| Reserves | 69 | 301 | 350 | 404 | 440 | 509 | 569 | 161 | -639 | -709 |
| Borrowings | 202 | 205 | 294 | 408 | 566 | 600 | 761 | 1488 | 1546 | 1396 |
| Other Liabilities | 148 | 170 | 352 | 536 | 589 | 847 | 1054 | 237 | 304 | 335 |
| Total Liabilities | 434 | 697 | 1018 | 1369 | 1639 | 2001 | 2428 | 1930 | 1256 | 1067 |
| Fixed Assets | 106 | 105 | 208 | 220 | 218 | 356 | 292 | 240 | 198 | 182 |
| CWIP | 2 | 48 | 11 | 0 | 3 | 0 | 3 | 9 | 10 | 10 |
| Investments | 3 | 3 | 21 | 43 | 51 | 54 | 54 | 54 | 54 | 53 |
| Other Assets | 323 | 542 | 778 | 1106 | 1368 | 1590 | 2078 | 1626 | 993 | 822 |
| Total Assets | 434 | 697 | 1018 | 1369 | 1639 | 2001 | 2428 | 1930 | 1256 | 1067 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 34 | -33 | -91 | 69 | 62 | -22 | 289 | 62 | -747 | -8 |
| Cash from Investing Activity | -33 | -62 | -55 | -95 | -42 | -31 | -177 | 4 | -3 | 1 |
| Cash from Financing Activity | 1 | 101 | 157 | 34 | 34 | 37 | -88 | -46 | 645 | 6 |
| Net Cash Flow | 1 | 6 | 10 | 9 | 53 | -16 | 23 | 20 | -105 | -1 |
| Free Cash Flow | 0 | -92 | -149 | -10 | 35 | -51 | 108 | 58 | -753 | -8 |
| CFO/OP | 108 | -44 | -71 | 68 | 27 | -13 | 95 | 19 | 274 | 1 |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 106 | 152 | 133 | 169 | 163 | 193 | 204 | 235 | 721 | 3208 |
| Inventory Days | 37 | 83 | 192 | 202 | 110 | 54 | 65 | 48 | 64 | 172 |
| Days Payable | 44 | 179 | 185 | 393 | 236 | 157 | 185 | 180 | 79 | 432 |
| Cash Conversion Cycle | 99 | 57 | 139 | -22 | 37 | 90 | 84 | 104 | 705 | 2948 |
| Working Capital Days | 92 | 119 | 144 | 126 | 119 | 152 | 136 | 146 | 733 | 3001 |
| ROCE % | 25 | 26 | 27 | 22 | 22 | 22 | 22 | 21 | -21 | -60 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- |
| Promoters | 51.78% | 51.51% | 51.51% |
| DIIs | 0.01% | 0% | 0% |
| Public | 48.21% | 48.49% | 48.49% |
| No. of Shareholders | 30160 | 28825 | 28723 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 66.82% | 66.52% | 60.38% | 51.78% | 51.5% | 51.5% | 51.51% | 51.51% | 51.51% | 51.51% | 51.51% | 51.51% |
| FIIs | 2.75% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0.13% | 0.01% | 0.01% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 30.43% | 33.48% | 39.49% | 48.21% | 48.49% | 48.5% | 48.49% | 48.49% | 48.49% | 48.49% | 48.49% | 48.49% |
| No. of Shareholders | 10900 | 22350 | 27354 | 30160 | 22973 | 30193 | 29803 | 28825 | 28760 | 28670 | 28656 | 28723 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 363.95 | Sell |
| EMA (10) | 363.39 | Sell |
| SMA (20) | 368.02 | Sell |
| EMA (20) | 365.31 | Sell |
| SMA (50) | 366.85 | Sell |
| EMA (50) | 368.06 | Sell |
| SMA (100) | 373.1 | Sell |
| EMA (100) | 372.55 | Sell |
| SMA (200) | 383.86 | Sell |
| EMA (200) | 378.84 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.77 | Neutral |
| MACD (12,26,9) | -1.91 | Sell |
| Stochastic (14,3,3) | 46.22 | Neutral |
| ADX (14) | 15.97 | Neutral |
| Williams %R (14) | -63.65 | Neutral |
| ATR (14) | 12.4 | High Volatility |
| ROC (12) | -4.14 | Sell |
| Stoch RSI (14) | 39.89 | Neutral |
| UO (7,14,28) | 44.07 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2019-11-20 | [Intimation of the commencement of Liquidation Process](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C7B577FA_3ADD_4D02_AAD3_CCC82909ED7A_195716.pdf) |
| 2019-11-20 | [Intimation of the commencement of Liquidation Process](https://www.bseindia.com/xml-data/corpfiling/AttachHis/C7B577FA_3ADD_4D02_AAD3_CCC82909ED7A_195716.pdf) |
| 2019-08-02 | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d5301f0b-ebe1-4460-b326-f0b30350e73d.pdf) |
| 2019-08-02 | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d5301f0b-ebe1-4460-b326-f0b30350e73d.pdf) |
| 2019-07-17 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c641ea1-72b7-4452-8092-78db7255f40b.pdf) |
| 2019-07-17 | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bf02d49b-780a-4b74-b077-689ee1bd2397.pdf) |
| 2019-07-17 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c641ea1-72b7-4452-8092-78db7255f40b.pdf) |
| 2019-07-17 | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bf02d49b-780a-4b74-b077-689ee1bd2397.pdf) |
| 2019-07-05 | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a0d113a4-1216-4d89-b6a7-914aefecf22a.pdf) |
| 2019-07-05 | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a0d113a4-1216-4d89-b6a7-914aefecf22a.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/533276/5332760318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/533276/5332760317.pdf) |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/533276/5332760316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/533276/5332760315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/533276/5332760314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/533276/5332760313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/533276/5332760312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/533276/5332760311.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2020-01-31 | Credit rating update — CARE Ratings |
| 2018-09-19 | Credit rating update — CARE Ratings |
| 2017-07-12 | Credit rating update — CARE Ratings |
| 2017-03-28 | Credit rating update — CARE Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:05.443Z.