Unlisted Shares
BLSX Limited
BLSX Limited (Unlisted)
Verified Unlisted CompanyOff-market Transfer · NSDL / CDSL
About BLSX Limited
BLSX Limited is an industrial manufacturing company engaged in producing high-performance rubber and engineering components, serving sectors such as steel, mining, defense, aerospace, and infrastructure. The company has expanded into infrastructure solutions like bridge rehabilitation and operates with a global presence.
Share Details
| company Name | BLSX Limited (Unlisted) |
| indicative Unlisted Share Price | ₹35 |
| market Capitalization | ₹207 Crore |
| lot Size | 1000 |
| 52 Week High | ₹32 |
| 52 Week Low | ₹24 |
| face Value | ₹1 |
| book Value | ₹1.53 |
| pe Ratio | 133.33 |
| pb Ratio | 15.69 |
| debt To Equity | 0 |
| return On Equity | 12.73 |
| total Outstanding Shares | 8,62,32,180 |
| isin | INE0MDG01016 |
| depository | NSDL & CDSL |
| pan | AAKCB8340F |
| cin | U29309TG2022PLC163679 |
| rta | Bigshare Services Pvt Ltd |
Income Statement (Profit & Loss) (₹ in Crore)
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | - | 2.76 | 8.97 | 15.09 |
| Cost of Material Consumed | - | 1.55 | 5.52 | 7.52 |
| Change in Inventory | - | 0 | -2.54 | -0.88 |
| Gross Margin | - | 43.84 | 65.78 | 56 |
| Employee Benefit Expenses | - | 0.65 | 2.79 | 3.94 |
| Other Expenses | - | 0.3 | 1.14 | 1.86 |
| EBITDA | - | 0.26 | 2.06 | 2.85 |
| Operating Profit Margin (%) | - | 9.42 | 22.97 | 18.89 |
| Other Income | - | 0 | 0 | 0.07 |
| Finance Cost | - | 0 | 0 | 0.05 |
| Depreciation | - | 0.76 | 0.85 | 0.73 |
| EBIT | - | -0.51 | 1.21 | 2.12 |
| EBIT Margin (%) | - | -18.12 | 13.49 | 14.05 |
| PBT | - | -0.51 | 1.15 | 2.13 |
| PBT Margin (%) | - | -18.48 | 12.82 | 14.12 |
| Tax | - | -0.05 | 0.34 | 0.58 |
| PAT | - | -0.46 | 0.81 | 1.55 |
| Net Profit Margin (%) | - | -16.67 | 9.03 | 10.27 |
| EPS (₹) | - | -0.05 | 0.09 | 0.18 |
Key Financial Ratios (Last 3–5 Years)
| Ratio | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Operating Profit Margin (%) | - | 9.42 | 22.97 | 18.89 |
| Net Profit Margin (%) | - | -16.67 | 9.03 | 10.27 |
| Earning Per Share (₹) | - | -0.05 | 0.09 | 0.18 |
Financial Annual Report Summary
Financials show strong growth from FY23 to FY25 with improving profitability, turning from losses to positive earnings and expanding margins.
Why Invest in BLSX Limited
- Strong revenue growth from FY23 to FY25.
- Turnaround from losses in FY23 to profitability in FY24–FY25.
- Improving operating margins.
- Still relatively low EPS compared to valuation.
Balance Sheet - Assets (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Fixed Assets | - | 3.66 | 2.82 | 2.33 |
| CWIP | - | 0 | 0 | 0 |
| Investments | - | 0 | 0 | 0 |
| Trade Receivables | - | 0.79 | 1.42 | 0.96 |
| Inventory | - | 4.07 | 6.61 | 7.49 |
| Other Assets | - | 1.68 | 2.98 | 3.59 |
| Total Assets | - | 10.2 | 13.83 | 14.37 |
Balance Sheet - Liabilities & Equity (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Share Capital | - | 8.62 | 8.62 | 8.62 |
| Face Value | - | 1 | 1 | 1 |
| Reserves | - | 1.2 | 2.02 | 3.56 |
| Borrowings | - | 0 | 0 | 0 |
| Trade Payables | - | 0.22 | 1 | 0.84 |
| Other Liabilities | - | 0.16 | 2.19 | 1.35 |
| Total Liabilities | - | 10.2 | 13.83 | 14.37 |
Liabilities Breakdown & Balance Sheet Insights
Balance Sheet Insights
Assets growth driven by inventory buildup and rising reserves. Company remains debt-free.
Liabilities Breakdown
No borrowings across all years → completely debt-free structure.
Additional Insights
Growth funded internally via equity and retained earnings; inventory-heavy working capital structure.
Cash Flow Insights
- Heavy working capital usage (inventory driven).
- Positive operating cash flow achieved from FY24.
- Initial funding via equity in FY23.
- No debt financing used.
Shareholding Pattern
2025
Promoter: 65.35%
Institutional: -
Public: -
Promoters & Management
Promoted by Vipul Trivedi and associated leadership.
Key Management
Vipul Trivedi - Chairman
20+ years
Umesh Trivedi - MD
20+ years
Registrar & Transfer Agent (RTA)
Registrar: Bigshare Services Pvt Ltd
Management Analysis
Focused on scaling manufacturing operations and improving profitability while remaining debt-free.
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