B.L.Kashyap (BLKASHYAP)

FairStock Score: 11/100 — RISKY

Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

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.

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Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer