---
title: "Bharat Line Ltd (501815) — Share Price, Financials & Analysis"
symbol: "501815"
company: "Bharat Line Ltd"
canonical: "https://tapetide.com/stocks/501815"
bse_code: "501815"
sector: "Financial Services"
industry: "Finance"
generated_at: "2026-09-13T18:27:44.825Z"
---

# Bharat Line Ltd (501815)

Canonical page: https://tapetide.com/stocks/501815

## Company

- **BSE Code:** 501815
- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No

## About

Bharat Line is engaged in the lease of office and premises in India.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.9%
- Company has been maintaining a healthy dividend payout of 58.6%

### Weaknesses

- The company has delivered a poor sales growth of 0.89% over past five years.
- Debtor days have increased from 27.3 to 38.4 days.
- Working capital days have increased from 11.9 days to 99.2 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -10% | -2% | -3% |
| revenue growth | 10% | 3% | 1% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 24.2 | 6.59 | 22.08 | 11.16 | 24.29 | 19.58 | 20.07 | 5.14 | 11.43 | 3.1 | 7.69 | 14.88 |
| Expenses | 22.88 | 5.8 | 20.98 | 9.95 | 22.72 | 18.23 | 18.78 | 4.27 | 10.99 | 3.1 | 5.51 | 13.73 |
| Operating Profit | 1.32 | 0.79 | 1.1 | 1.21 | 1.57 | 1.35 | 1.29 | 0.87 | 0.44 | 0 | 2.18 | 1.15 |
| OPM % | 5.45 | 11.99 | 4.98 | 10.84 | 6.46 | 6.89 | 6.43 | 16.93 | 3.85 | 0 | 28.35 | 7.73 |
| Other Income | 0.2 | 0.01 | 0 | 0.03 | 0 | 0 | 0 | 0 | 0.33 | 0.03 | 0.45 | 0.03 |
| Interest | 0.91 | 0.59 | 0.93 | 1.06 | 0.92 | 0.83 | 0.67 | 0.66 | 0.68 | 0.61 | 0.7 | 0.53 |
| Depreciation | 0.15 | 0.13 | 0.08 | 0.08 | 0.09 | 0.07 | 0.08 | 0.05 | 0.09 | 0.05 | 0.05 | 0.05 |
| Profit before tax | 0.46 | 0.08 | 0.09 | 0.1 | 0.56 | 0.45 | 0.54 | 0.16 | 0 | -0.63 | 1.88 | 0.6 |
| Tax % | 28.26 | 25 | 66.67 | 10 | 26.79 | 20 | 33.33 | 25 | — | -1.59 | 16.49 | 36.67 |
| Net Profit | 0.33 | 0.05 | 0.04 | 0.08 | 0.41 | 0.35 | 0.36 | 0.12 | 0 | -0.62 | 1.57 | 0.39 |
| EPS in Rs | 0.12 | 0.02 | 0.02 | 0.03 | 0.16 | 0.13 | 0.14 | 0.05 | 0 | -0.16 | 0.39 | 0.1 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.03 | 1.43 | 1.61 | 1.96 | 2.64 | 2.4 | 2.56 | 2.57 | 2.5 | 2.76 |
| Expenses | 0.48 | 0.58 | 0.73 | 0.55 | 0.71 | 0.74 | 0.84 | 0.89 | 1.36 | 1.33 |
| Operating Profit | 0.55 | 0.85 | 0.88 | 1.41 | 1.93 | 1.66 | 1.72 | 1.68 | 1.14 | 1.43 |
| OPM % | 53.4 | 59.44 | 54.66 | 71.94 | 73.11 | 69.17 | 67.19 | 65.37 | 45.6 | 51.81 |
| Other Income | 0.01 | 0 | 0 | 0 | 0.01 | 0 | 0.06 | 0.05 | 0.75 | 0.27 |
| Interest | 0.19 | 0.22 | 0.27 | 0.22 | 0.13 | 0.07 | 0.03 | 0 | 0 | 0.01 |
| Depreciation | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.07 | 0.07 | 0.06 | 0.07 | 0.06 |
| Profit before tax | 0.32 | 0.58 | 0.56 | 1.14 | 1.75 | 1.52 | 1.68 | 1.67 | 1.82 | 1.63 |
| Tax % | 53.12 | 48.28 | 55.36 | 34.21 | 32.57 | 36.18 | 35.12 | 35.93 | 37.36 | 36.81 |
| Net Profit | 0.15 | 0.3 | 0.25 | 0.75 | 1.18 | 0.97 | 1.1 | 1.07 | 1.15 | 1.03 |
| Dividend Payout % | 66.67 | 50 | 80 | 40 | 42.37 | 56.7 | 50 | 56.07 | 56.52 | 63.11 |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Reserves | 0.23 | 0.33 | 0.3 | 0.7 | 1.3 | 1.69 | 2.14 | 2.51 | 2.9 | 3.15 |
| Borrowings | 1.97 | 2.29 | 1.79 | 1.23 | 0.58 | 1.64 | 0 | 0 | 0 | 0 |
| Other Liabilities | 1.44 | 1.18 | 1.33 | 1.54 | 2.54 | 1.08 | 2.71 | 3.03 | 4.31 | 4.37 |
| Total Liabilities | 3.74 | 3.9 | 3.52 | 3.57 | 4.52 | 4.51 | 4.95 | 5.64 | 7.31 | 7.62 |
| Fixed Assets | 2.37 | 2.56 | 2.51 | 2.46 | 2.51 | 2.43 | 2.37 | 2.31 | 2.8 | 2.74 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.09 | 0.09 | 0.07 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Other Assets | 1.28 | 1.25 | 0.94 | 1.09 | 1.99 | 2.06 | 2.56 | 3.31 | 4.49 | 4.86 |
| Total Assets | 3.74 | 3.9 | 3.52 | 3.57 | 4.52 | 4.51 | 4.95 | 5.64 | 7.31 | 7.62 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | — | — | — | — | — | — | 1.14 | 1.97 |
| Cash from Investing Activity | — | — | — | — | — | — | — | — | -0.19 | -1.85 |
| Cash from Financing Activity | — | — | — | — | — | — | — | — | -0.76 | -0.78 |
| Net Cash Flow | — | — | — | — | — | — | — | — | 0.19 | -0.66 |
| Free Cash Flow | — | — | — | — | — | — | — | — | 0.58 | 1.97 |
| CFO/OP | — | — | — | — | — | — | — | — | 163 | 181 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 31.89 | 10.21 | 11.34 | 11.17 | 11.06 | 0 | 0 | 8.52 | 35.04 | 38.35 |
| Cash Conversion Cycle | 31.89 | 10.21 | 11.34 | 11.17 | 11.06 | 0 | 0 | 8.52 | 35.04 | 38.35 |
| Working Capital Days | -223.25 | -104.65 | -113.35 | -96.84 | -178.35 | 22.81 | 54.18 | 21.3 | -84.68 | 99.18 |
| ROCE % | — | 31.87 | 33.81 | 64.45 | 93.77 | 58.78 | 60.32 | 68.87 | 64.88 | 52.48 |

## Shareholding Pattern

### annual

| Category | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 61.98% | 66.34% | 67.07% | 71.98% | 71.98% | 71.98% | 68.1% | 68.1% |
| Public | 38.02% | 33.66% | 32.93% | 28.02% | 28.02% | 28.02% | 31.9% | 31.9% |
| No. of Shareholders | 69 | 61 | 54 | 48 | 49 | 79 | 271 | 286 |

### Quarterly

| Category | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 66.34% | 66.34% | 67.07% | 67.07% | 71.98% | 71.98% | 71.98% | 71.98% | 71.98% | 68.1% | 68.1% | 68.1% |
| Public | 33.66% | 33.66% | 32.93% | 32.93% | 28.02% | 28.03% | 28.02% | 28.02% | 28.02% | 31.9% | 31.9% | 31.9% |
| No. of Shareholders | 61 | 60 | 54 | 56 | 48 | 48 | 49 | 54 | 79 | 128 | 271 | 286 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 4 / 7 / 8

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 259.39 | Sell |
| EMA (10) | 258.47 | Buy |
| SMA (20) | 260.16 | Sell |
| EMA (20) | 260.08 | Sell |
| SMA (50) | 266.75 | Sell |
| EMA (50) | 263.78 | Sell |
| SMA (100) | 268.06 | Sell |
| EMA (100) | 262.48 | Sell |
| SMA (200) | 254.92 | Buy |
| EMA (200) | 257.05 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.76 | Neutral |
| MACD (12,26,9) | -2.27 | Sell |
| Stochastic (14,3,3) | 50.56 | Neutral |
| ADX (14) | 23.26 | Neutral |
| Williams %R (14) | -44.69 | Neutral |
| ATR (14) | 9.08 | High Volatility |
| ROC (12) | 1.91 | Buy |
| Stoch RSI (14) | 74.78 | Neutral |
| UO (7,14,28) | 51.65 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 29 Dec 2025 - Trading window closed from Jan 01, 2026 until 48 hours after Unaudited Results for period ended Dec 31, 2025. | [Closure of Trading Window 29 Dec 2025 - Trading window closed from Jan 01, 2026 until 48 hours after Unaudited Results for period ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/904fe41d-e860-4783-bf99-09f913f73de7.pdf) |
| 18 Nov 2025 - Approved unaudited H1 results ended 30 Sep 2025: total income ₹749.06 lakh, PAT ₹35.97 lakh. | [Results - Unaudited Financial Results For The Period Ended September 30, 2025 18 Nov 2025 - Approved unaudited H1 results ended 30 Sep 2025: total income ₹749.06 lakh, PAT ₹35.97 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d7aab53a-1697-4475-9a83-418dcf2be624.pdf) |
| 14 Nov 2025 - Board approved unaudited standalone results for half-year ended 30 Sep 2025; limited review report attached. | [Board Meeting Outcome for Approval Unaudited Standalone Financial Results Of The Company For The Period Ended On September 30, 2025 14 Nov 2025 - Board approved unaudited standalone results for half-year ended 30 Sep 2025; limited review report attached.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/216eda7d-3dd4-41cf-885b-9ad3d99e3851.pdf) |
| 10 Nov 2025 - Board meeting Nov 14, 2025 to approve unaudited results for September 30, 2025. | [Board Meeting Intimation for Approval Of Un-Audited Financial Results Of The Company For The Period Ended On September 30, 2025. 10 Nov 2025 - Board meeting Nov 14, 2025 to approve unaudited results for September 30, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22652dce-cb79-4ece-8cac-1153bad48661.pdf) |
| — | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Jan](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fde4234a-03f4-4151-919c-0da445974984.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0dbc6744-e781-4d3d-b9fc-e7d938766758.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e4e86195-51fb-4be1-810c-dc869f956a11.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6cf6de0e-a10a-435e-b8d4-212f330622e7.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/541945/77065541945.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/541945/72275541945.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/541945/65993541945.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/541945/5419450319.pdf) |

---

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 2026-09-13T18:27:44.825Z.