B.L.Kashyap (BLKASHYAP)
CyclicalFairStock Score: 11/100 — RISKY
Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1
Key Financials
| Current Price | ₹51.62 |
| Market Cap | ₹1,163.94 Cr |
| P/E Ratio | 737.43 |
| ROCE | 8.08% |
| ROE | 0.29% |
| Dividend Yield | 0% |
| Profit Growth | 1.52% |
| Debt/Equity | 0.57 |
| Sales Growth | 2.39% |
| Promoter Holding | 61.71% |
| 52-Week Range | ₹40.32 — ₹71.31 |
| Sector | Construction |
| Book Value | ₹23.56 |
Strengths
- Sales growth of 33.91% shows the business is expanding, and latest quarter sales of ₹324 Cr support momentum.
- Promoter holding of 61.71% keeps management aligned with minority shareholders.
- Debt/equity of 0.59 is moderate, and Piotroski F-score of 7/9 suggests improving financial health.
- Profit growth of 965.77% signals a sharp earnings recovery, reflected in a PEG of 0.26 if growth persists.
Concerns
- P/E of 131.11 implies a very high valuation; earnings yield is below 1%.
- ROE of 4.31% and ROCE of 8.08% are weak, indicating poor capital productivity.
- Latest quarterly net margin is only about 3.7% (₹12 Cr profit on ₹324 Cr sales), leaving little cushion.
- No dividend and FairStock Score of 29/100 suggest risk; construction is cyclical with no clear moat.
AI Analysis
Let me examine B.L. Kashyap the way Graham taught me. A civil construction business selling at ₹53.79 with a market capitalisation of ₹1,168 Cr. The first red flag is the P/E of 131.11; that means the earnings yield is under 1%. When a company's reported profit grows 965.77%, I get curious, but I also get cautious -- a percentage explosion from a small base can mislead. The latest quarter shows net profit of ₹12 Cr on sales of ₹324 Cr, a thin margin of roughly 3.7%. Over the year, the company earns only 4.31% on equity and 8.08% on capital employed. Those returns are weak for a business with no pricing power. Construction is intensely competitive, cyclical, and requires constant capital; I see no durable moat here. The balance sheet is acceptable with debt/equity at 0.59, and promoter holding of 61.71% does align interests. The Piotroski F-score of 7/9 suggests recent financial health has improved. But zero dividend means I receive nothing while waiting. The PEG ratio of 0.26 looks attractive only if you believe 965% profit growth is the new normal; Graham would be sceptical. At 1.72 times book value and 131 times earnings, the margin of safety is absent. This looks more like a cyclical upturn in an ordinary business than a franchise. I would need a much lower price or a long record of higher returns on capital before I invest.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer