---
title: "BSI Ltd (BSI) — Share Price, Financials & Analysis"
symbol: "BSI"
company: "BSI Ltd"
canonical: "https://tapetide.com/stocks/BSI"
sector: "Fast Moving Consumer Goods"
industry: "Agricultural Food & other Products"
generated_at: "2026-09-13T18:33:54.305Z"
---

# BSI Ltd (BSI)

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

## Company

- **Sector:** Fast Moving Consumer Goods
- **Industry:** Agricultural Food & other Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | -12% |

## Financial Statements

### Quarterly Results

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

| Item | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 29 | 32 | 25 | 27 | 40 | 41 | 32 | 32 | 38 | 35 | 31 | 39 |
| Expenses | 31 | 30 | 24 | 24 | 45 | 29 | 27 | 24 | 26 | 26 | 23 | 26 |
| Operating Profit | -2 | 2 | 1 | 4 | -5 | 12 | 5 | 8 | 11 | 10 | 8 | 12 |
| OPM % | -7 | 5 | 2 | 14 | -12 | 29 | 14 | 25 | 30 | 27 | 25 | 31 |
| Other Income | 2 | 1 | 3 | 0 | 1 | -3 | 1 | 1 | 0 | 1 | 1 | 3 |
| Interest | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 8 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | -2 | 0 | 1 | 1 | -7 | 0 | 1 | 5 | 7 | 7 | 4 | 11 |
| Tax % | 5 | 108 | 52 | -37 | 0 | -1000 | 17 | -1056 | -4 | -41 | -2 | -2 |
| Net Profit | -3 | 0 | 0 | 2 | -7 | 2 | 1 | 60 | 7 | 10 | 4 | 11 |
| EPS in Rs | -0.35 | 0 | 0.07 | 0.22 | -0.62 | 0.23 | 0.1 | 5.55 | 1.08 | 1.47 | 0.65 | 1.62 |

### Profit & Loss

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

| Item | Mar 2009 | Mar 2010 | Mar 2012 | Mar 2013 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.5 | 0.3 | 0.24 | 0.47 | 0.25 | 0.09 | 0.12 |
| Operating Profit | -0.5 | -0.3 | -0.24 | -0.47 | -0.25 | -0.09 | -0.12 |
| Other Income | 0 | 0.09 | 0.04 | 0.04 | 0 | 0 | 0 |
| Interest | 3.64 | 3.65 | 3.66 | 0 | 0 | 0 | 0 |
| Depreciation | 1.56 | 1.62 | 0.16 | 0.15 | 0.08 | 0.08 | 0.07 |
| Profit before tax | -5.7 | -5.48 | -4.02 | -0.58 | -0.33 | -0.17 | -0.19 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -5.7 | -5.48 | -4.02 | -0.58 | -0.33 | -0.17 | -0.19 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2009 | Mar 2010 | Mar 2012 | Mar 2013 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4.03 | 4.03 | 4.03 | 4.03 | 4.03 | 4.03 | 4.03 |
| Reserves | -96.2 | -101.7 | -110.36 | -110.95 | -113.85 | -114.02 | -114.2 |
| Borrowings | 92.44 | 95.66 | 102.6 | 102.18 | 102.18 | 102.18 | 102.18 |
| Other Liabilities | 45.6 | 45.89 | 45.48 | 27.23 | 18.04 | 18.04 | 18.03 |
| Total Liabilities | 45.87 | 43.88 | 41.75 | 22.49 | 10.4 | 10.23 | 10.04 |
| Fixed Assets | 8.61 | 6.99 | 6.15 | 6 | 4.82 | 4.74 | 4.67 |
| CWIP | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| Investments | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 |
| Other Assets | 35.41 | 35.04 | 33.75 | 14.64 | 3.73 | 3.64 | 3.52 |
| Total Assets | 45.87 | 43.88 | 41.75 | 22.49 | 10.4 | 10.23 | 10.04 |

### Cash Flow

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

| Item | Mar 2009 | Mar 2010 | Mar 2012 | Mar 2013 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -3.5 | -3.26 | -3.47 | 0.43 | — | — | — |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | — | — | — |
| Cash from Financing Activity | 3.47 | 3.22 | 3.47 | -0.43 | — | — | — |
| Net Cash Flow | -0.03 | -0.04 | -0.01 | 0 | — | — | — |
| Free Cash Flow | -3.5 | -3.26 | -3.47 | 0.43 | — | — | — |
| CFO/OP | 274 | 463 | 1446 | -91 | — | — | — |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 70 | 36 | 36 | 41 | 36 | 95 | 39 | 28 | 21 | 19 |
| Inventory Days | 26 | 21 | 18 | 23 | 24 | — | — | — | — | — |
| Days Payable | 304 | 292 | 350 | 343 | 345 | — | — | — | — | — |
| Cash Conversion Cycle | -208 | -234 | -296 | -280 | -286 | 95 | 39 | 28 | 21 | 19 |
| Working Capital Days | -598 | -716 | -650 | -663 | -625 | -2357 | -1544 | -668 | -80 | 57 |
| ROCE % | 3 | 3 | 1 | -7 | -9 | -15 | -21 | 0 | 2 | 9 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 24.03% | 22.81% | 22.85% | 19% | 14.27% | 13.41% | 13.41% | 95% | 84.11% | 84.11% |
| DIIs | 0.63% | 0.8% | 0.03% | 0.02% | 0.02% | 0.02% | 0.02% | 1.58% | 1.48% | 0.14% |
| Public | 75.34% | 76.39% | 77.13% | 80.98% | 85.71% | 86.56% | 86.55% | 3.42% | 14.4% | 15.74% |
| No. of Shareholders | 23997 | 28257 | 28964 | 28707 | 27660 | 28113 | 28127 | 17367 | 17424 | 16529 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 13.41% | 13.41% | 13.41% | 95% | 95% | 95% | 90% | 84.11% | 84.11% | 84.11% | 84.11% | 84.11% |
| DIIs | 0.02% | 0.02% | 0.02% | 1.58% | 1.58% | 1.58% | 1.58% | 1.48% | 1.48% | 0.88% | 0.35% | 0.14% |
| Public | 86.55% | 86.56% | 86.55% | 3.42% | 3.42% | 3.42% | 8.41% | 14.41% | 14.4% | 15.01% | 15.53% | 15.74% |
| No. of Shareholders | 28127 | 28096 | 27633 | 22079 | 17367 | 16993 | 17360 | 18062 | 17424 | 17288 | 16918 | 16529 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 6 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 58.79 | Sell |
| EMA (10) | 58.79 | Sell |
| SMA (20) | 58.52 | Sell |
| EMA (20) | 59.1 | Sell |
| SMA (50) | 61.64 | Sell |
| EMA (50) | 61.34 | Sell |
| SMA (100) | 66.15 | Sell |
| EMA (100) | 63.11 | Sell |
| SMA (200) | 62.41 | Sell |
| EMA (200) | 63.45 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.1 | Neutral |
| MACD (12,26,9) | -0.69 | Buy |
| Stochastic (14,3,3) | 42.26 | Neutral |
| ADX (14) | 23.7 | Neutral |
| Williams %R (14) | -91.01 | Buy |
| ATR (14) | 3.6 | High Volatility |
| ROC (12) | -3.61 | Sell |
| Stoch RSI (14) | 24.17 | Neutral |
| UO (7,14,28) | 37.37 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 17 Feb - Transcripts of Earnings Call held on 11.02.2026 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 17 Feb - Transcripts of Earnings Call held on 11.02.2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22ae5769-90f5-4921-8716-291bba6b4127.pdf) |
| 17 Feb - Of Analyst / Institutional Investor Meeting to be held on March 11, 2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Feb - Of Analyst / Institutional Investor Meeting to be held on March 11, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dd2cbb9b-2b16-4857-972a-8f03ca227a03.pdf) |
| 11 Feb - Q3 FY26: Total income ₹41.54cr, PAT ₹10.93cr; acquired Marriott Executive Apartments for ₹215cr. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 11 Feb - Q3 FY26: Total income ₹41.54cr, PAT ₹10.93cr; acquired Marriott Executive Apartments for ₹215cr.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c145493a-bd4e-4d59-872b-7045d702ffc7.pdf) |
| 11 Feb - Audio recording of Q3 and nine-months ended Dec 31, 2025 earnings call (11 Feb 2026) available. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 11 Feb - Audio recording of Q3 and nine-months ended Dec 31, 2025 earnings call (11 Feb 2026) available.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ec85bdcc-7c17-461b-865e-d151d11c68bb.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Investor Presentation 11 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7b28e441-0b87-463a-a47a-9c5ff63b1027.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2eb5d925-2920-4b7b-93f3-f2543431df00.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9cac883-34c3-4a15-91d8-71f49f2d3daa.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/48ed85ed-00b1-4136-9309-f6b06703bd4d.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20b1bdd0-da57-414d-81ea-e57dc107e262.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9c06795-0a6c-4ffd-826f-13caa8fae85e.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_VICEROY_2010_2011_12092011060104.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ed36f84-68b4-4a60-9df8-4b83ca1c7723.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/14026004-caae-4476-87ab-794fa9baf007.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/16f0b5a1-6c05-4034-bb57-7ad15a575bd7.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d84a32ea-846d-4d0d-b7a8-906fe70e8d70.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/523796/72835523796.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/523796/66399523796.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/523796/5237960319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/523796/5237960318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/523796/5237960317.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 2026-09-13T18:33:54.305Z.