BSLBSL Limited Forensic Risk Analysis

Other Textile Products
Risk ClassWatch
Market Cap₹132 Cr
Primary DriverEarnings Quality
Flagium AI Risk Score
Early signs of stress detected. Not yet widespread, but initial deterioration is visible.
32 / 100
+3 QoQ
Deteriorating
Sentinel Insight

Financial profile remains stable for now. Weakness is detected in profitability and earnings quality. This suggests a building risk profile. Risk is increasing at a faster pace.

68.3th %ile (Sector)Accel: +5 Qtrs
Updated2026-06-02
Market View
₹126.53▼2.54%
PeriodQ4 FY26

Score Waterfall
Absolute contribution points of each forensic pillar to the final risk score. Derived from: Sector Baseline + Active Penalties - Mitigation Buffers.

Earnings Quality
+12.5 pts
Competitive Position
+10.6 pts
Balance Sheet Stress
+8.6 pts
Final Composite Risk32 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 12 → 32 over 13 quarters.

Expected Direction
🚨 Escalate
Primary Deterioration Drivers
  • Relative Growth Weakness
  • Operating Leverage Stress
  • Low Interest Coverage
What to Watch Next Quarter
  • Operating profit margins
  • Operating cash flow
  • Debt growth

Active Risk Objects (7)

CriticalHigh
Low Interest Coverage
💧 Liquidity & CoverageQuarterlyActive for 12 Qtrs
More Detail
Impact Weight8/15
MomentumPersistent
Last SignalQ4 FY2026
BSL: Low Interest Coverage Ratio of 0.81x in FY2026 Q4 (Threshold: 2.5x).

"Interest coverage is dangerously low. Even a minor fall in profit could trigger a default."

Profit Collapse
📊 Earnings QualityQuarterlyActive for 5 Qtrs
More Detail
Impact Weight8/15
MomentumPersistent
Last SignalQ4 FY2026
BSL: Net Profit collapsed by 450.3% from FY2025 Q4 to FY2026 Q4.

"Earnings quality is under severe pressure. High accruals suggest potential revenue overstatement."

Cash Conversion Deficit
📊 Earnings QualityAnnualActive for 1 Years
More Detail
Impact Weight6/15
MomentumDecaying
Last SignalFY2024
BSL: OCF below Net Profit in 2/3 recent years.

"Cash conversion has normalized in the latest period. Operational cash flow is back in sync."

Negative FCF Streak
⚖️ Governance SignalsAnnualActive for 1 Years
More Detail
Impact Weight6/15
MomentumDecaying
Last SignalFY2024
BSL: Negative Free Cash Flow for last 3 consecutive years.

"Free cash flow pressure is easing as capital intensity or working capital stress recedes."

Operating Leverage Stress
📉 Trend DeteriorationAnnualActive for 5 Years
More Detail
Impact Weight10/15
MomentumPersistent
Last SignalQ4 FY2026
Expenses are consistently growing faster than revenues, creating operational pressure.

"Debt levels are creeping up. Monitor for signs of excessive borrowing for non-core activities."

Relative Growth Weakness
📊 Earnings QualityAnnualActive for 4 Years
More Detail
Impact Weight12/15
MomentumPersistent
Last SignalQ4 FY2026
Revenue growth consistently lags behind sector median (6.5%).

"Early signs of earnings quality decay. Profitability is being driven by non-core items."

Revenue-Debt Divergence
🏛️ Solvency & LeverageAnnualActive for 1 Years
More Detail
Impact Weight6/15
MomentumAccelerating
Last SignalFY2026
BSL: Revenue fell 1.5% while Debt rose 4.3% in 2026 vs 2025.

"Debt levels are creeping up. Monitor for signs of excessive borrowing for non-core activities."

Risk Trajectory
Historical 12-quarter risk trend (Q-11 to Q0) followed by a 2-quarter predictive funnel (Q+1, Q+2).
Loading Chart
Resilience Matrix
Diagnostic benchmarking comparing structural sensitivity and risk buffers against sector medians.
MetricValuevs SectorSignal
Volatility (σ)38.38✅ RESILIENT
Sensitivity (ε_s)11.00✅ RESILIENT
Escalation Prob.5%5%✅ NEUTRAL
Safety Buffer+34.0+42.0📈 CRITICAL
Forensic Benchmark Context: Other Textile Products (n=42 peers)

Correlation Analysis
Visualizing the relationship between stock price movement and structural risk objects.

Loading Chart
Share Price
Risk Score (0-100)
Market Performance
₹126.53(-2.54%)
1M Divergence+3.92%
1 Week+3.37%
1 Month+1.55%
6 Months-26.29%
1 Year-13.19%
2 Year-26.79%
3 Year-32.24%
Sector Average (1M)-2.37%
Sentinel Forensic Assessment
ALGORITHMIC RISK PROFILE • NON-ADVISORY

The risk profile is Early Signals and currently deteriorating. Recent structural triggers in earnings quality suggest a building pressure on the underlying framework. Material forensic traces are visible in operational margins and profitability metrics, indicating a progressive erosion of structural stability. Continued monitoring is necessary as risk levels remain above institutional safety parameters.

BSL • MARKET STRUCTURE

Stage 4 — Declining

The company is in a defensive phase. Sentiment and fundamentals are deteriorating under persistent downward pressure, indicating elevated risk levels.

Stage Transition Prob.0%
Trend QualityDeteriorating
Phase Progression
Phase Progression Score7.5%
Readiness LabelLow (Early Base Consolidation)
Probability of Advancing0%
CoinTree Momentum
Composite Z-Score-0.4460σ
Weakening momentum trend
Universe Rank
A cross-sectional rank of this stock's composite momentum score compared to all other tracked equities in the universe. A rank of #1 of 1035 means it has the strongest overall price momentum in the market.
#1971 of 2716
Top 72.57% in momentum strength
Timeframe Sparklines
1W+3.4%
1M+1.6%
6M-26.3%
Weinstein Indicators
150 DMA₹145.1
200 DMA₹149.42
150 DMA Slope-3.3988%Declining
Relative Strength-21.04%Lagging
Relative Turnover (RTR)0.9062
ParticipationNeutral

PEER COMPARISON

Ranked comparison against sector peers

This company shows higher risk compared to the Sector Mean (24).
BANSWRASBanswara Syntex Limited
6 Risk
Sector %ile7th
Delta+5
Active Flags17
Accel+1
Competitive Position

Stable

ABCOTSA B Cotspin India Limited
25 Risk
Sector %ile51th
Delta-5
Active Flags10
Accel+0
Balance Sheet Stress

Watch

BSLBSL Limited
32 Risk
Sector %ile68th
Delta+3
Active Flags7
Accel+5
Earnings Quality

Watch

* Peer comparison is based on risk signals, not valuation or returns.

Risk Profiles

Solvency
10100th %ile
VS Sector Median (8.5)
Governance
10100th %ile
VS Sector Median (8.5)
Earnings Quality
1.616.4th %ile
VS Sector Median (8.5)
Balance Sheet Stress
4.242.4th %ile
VS Sector Median (8.5)
Competitive Position
329.6th %ile
VS Sector Median (8.5)
Growth Sustainability
10100th %ile
VS Sector Median (8.5)

Deterioration Timeline

2026

Relative Growth Weakness

2026

Operating Leverage Stress

2026

Relative Growth Weakness

2026

Operating Leverage Stress

2026

Relative Growth Weakness

2026

Operating Leverage Stress

2026

Relative Growth Weakness

2026

Operating Leverage Stress

2026

Revenue-Debt Divergence

2025

Operating Leverage Stress

2024

Cash Conversion Deficit

2024

Negative FCF Streak

Key Financials (INR Cr)

PeriodRevenueNet ProfitOCFDebt
FY2026658249439
FY2025668857421
FY202466711-39437
FY20234731719346