B.L. Kashyap and Sons Ltd.

•

blkashyap.comBSE: 532719NSE: BLKASHYAP

Market Cap₹ 1,215 Cr.

Current Price

High / Low₹ 70 / 40

Stock P/E1730.9

Book Value₹ 24

Price to Book2.21

Dividend Yield0.00 %

ROCE11.9 %

ROE5.4 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Realty

Buy

Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.

Confidence

75%

View full sector analysis →

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.71x)
Company generates healthy free cash flow

CONS

Recent results are weak - TTM profit is down 95.4% versus prior year
A large part of profit comes from other income (52.0% of PBT)
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 7.2% over last 3 years
Company has a low return on capital employed of 11.8%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

RealtyRealtyConstruction - Real Estate

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	DLF	643.60	35.83	159311.06	1.24	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1113.00	26.96	111226.00	0.38	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1891.15	52.85	67642.25	0.13	394.51	22.95	1074.94	12.80	15.41	59.77
4.	PRESTIGE	1505.00	56.92	64824.90	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
5.	OBEROIRLTY	1747.40	24.16	63535.85	0.46	543.51	29.02	1300.89	31.73	17.69	56.75
6.	GODREJPROP	1745.00	32.85	52564.02	0.57	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	599.05	37.26	21558.43	0.17	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	638.90	30.00	20844.71	0.24	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1284.65	108.49	14348.99	0.19	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1217.35	56.45	13020.02	0.49	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	762.15	10.27	10722.39	0.00	-16.53	-148.00	551.99	-36.24	34.77	-8.10
12.	BLKASHYAP	53.90	1730.94	1215.12	0.00	10.00	-7.81	345.12	2.59	11.88	8.28

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	253	327	324	341	350	267	242	294	336	355	324	364	345
	228	298	300	308	319	247	236	287	310	335	295	337	332
Operating Profit	25	29	24	33	32	20	6	7	26	20	29	27	13
OPM %	9.72%	8.89%	7.27%	9.70%	9.05%	7.55%	2.57%	2.46%	7.71%	5.77%	8.91%	7.40%	3.85%
	3	1	1	8	9	12	9	16	3	2	1	-22	1
Interest	11	11	12	15	11	14	10	13	11	11	10	12	11
Depreciation	2	3	3	3	3	3	3	3	3	4	4	4	4
Profit before Tax	14	17	10	22	27	15	2	7	15	8	16	-11	14
Tax %	28.21%	29.29%	31.04%	-5.48%	24.30%	37.51%	40.96%	149.70%	25.58%	211.38%	25.21%	-15.60%	29.94%
Net Profit	0	0	0	0	20	9	1	-3	11	-9	12	-13	10
	0.44	0.53	0.31	1.05	0.90	0.42	0.05	-0.14	0.48	-0.38	0.52	-0.56	0.44

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	860	924	1,012	769	820	762	1,158	1,110	1,245	1,154	1,388
	793	835	927	713	799	699	1,067	1,012	1,134	1,088	1,298
Operating Profit	68	89	85	57	21	63	90	98	110	65	90
OPM %	7.88%	9.64%	8.42%	7.36%	2.57%	8.25%	7.81%	8.81%	8.86%	5.66%	6.45%
	23	1	31	5	-22	7	41	-16	12	45	-18
Interest	82	83	77	59	69	59	55	51	49	47	44
Depreciation	21	13	12	12	12	11	10	10	10	12	16
Profit before Tax	-12	-6	27	-10	-82	-1	66	21	63	50	27
Tax %	47.93%	183.78%	22.89%	34.36%	23.36%	-8416.30%	33.34%	-7.43%	16.99%	45.30%	97.35%
Net Profit	-6	5	21	-6	-63	-58	44	22	53	27	1
EPS	0.00	0.00	0.00	0.00	0.00	-2.59	1.95	0.98	2.29	1.21	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 3%
5 Years:: 7%
3 Years:: 0%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: -15%

STOCK PRICE CAGR

10 Years:: 9%
5 Years:: 17%
3 Years:: 2%
1 Year:: -22%

RETURN ON EQUITY

10 Years:: 1%
5 Years:: 4%
3 Years:: 7%
Last Year:: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	21	21	22	23	23	23	23	23	23	23
Minority Interest	0	1	0	0	0	0	0	0	0	0
	379	414	476	493	436	357	400	422	474	501
	874	687	604	586	668	636	531	407	400	422
Trade Payables	197	157	201	150	186	164	196	202	247	231
	271	357	308	430	340	246	208	156	178	259
Total Liabilities	1,741	1,635	1,610	1,682	1,652	1,426	1,358	1,209	1,322	1,435
	99	88	84	79	70	68	62	73	93	123
Capital Work in Progress	139	95	97	94	95	0	0	0	2	0
	301	343	330	334	241	0	0	0	0	0
	464	441	346	328	361	342	340	346	191	194
	0	0	0	0	0	0	0	0	378	437
Cash & Bank	11	10	12	11	13	26	45	60	33	35
	727	657	741	835	872	990	911	730	626	646
Total Assets	1,741	1,635	1,610	1,682	1,652	1,426	1,358	1,209	1,322	1,435

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	118	245	122	166	-18	-173	90	28	79	76
Cash from Investing	-34	-3	-22	-2	84	142	-14	110	-31	-29
Cash from Financing	-89	-243	-45	-160	-60	52	-69	-110	-80	-43
	-7	-1	50	2	2	14	5	19	-33	4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.65	61.65	61.65	61.67	61.69	61.70	61.71	61.72	61.73
	1.65	1.87	0.58	0.72	0.40	0.34	0.31	0.29	0.26
	0.00	0.00	0.35	0.92	0.87	0.58	0.17	0.17	0.16
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	36.70	36.48	37.41	36.69	37.04	37.38	37.81	37.82	37.85

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Copy of Newspaper Publication

2026-09-08 - B. L. Kashyap and Sons Limited has informed the Exchange about Copy of Newspaper Publication regarding 37th AGM Notice and Annual Report

2026-09-07

Shareholders meeting

2026-09-07 - B. L. Kashyap and Sons Limited has informed the Exchange about Shareholders meeting to be held on 30th September 2026

2026-09-01

Copy of Newspaper Publication

2026-09-01 - B. L. Kashyap and Sons Limited has informed the Exchange about Copy of Newspaper Publication of Special window for Transfer and Dematerialisation of physical securities

2026-08-31

General Updates

2026-08-31 - B. L. Kashyap and Sons Limited has informed the Exchange about General Updates

2026-08-22

Copy of Newspaper Publication

2026-08-22 - B. L. Kashyap and Sons Limited has informed the Exchange about Copy of Newspaper Publication for 37th Annual General Meeting

2026-08-20

Bagging/Receiving of orders/contracts

2026-08-20 - B. L. Kashyap and Sons Limited has informed the Exchange about Bagging/Receiving of orders/contracts

2026-08-12

Investor Presentation

2026-08-12 - B. L. Kashyap and Sons Limited has informed the Exchange about Investor Presentation

2026-08-12

General Updates

2026-08-12 - B. L. Kashyap and Sons Limited has informed the Exchange that the 37th Annual General Meeting of the Company will be held on Wednesday, 30th September, 2026 through Video Conferencing/Other Audio Visual means

2026-08-12

Record Date

2026-08-12 - B. L. Kashyap and Sons Limited has informed the Exchange that Record date for the purpose of Meeting is 23-Sep-2026.

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