Bsl Ltd - Due diligence report

A 360° intelligence report on Bsl: trust score, financial health, credit view, compliance, directors, growth and distress signals - generate…

1970-10-24 Bhilwara, Rajasthan Active Listed Active Compliant
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BL Bsl Ltd
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Bsl — 360° Intelligence Report

Generated from MCA filings & public records
72/100
Trust Score
Moderate

Bsl is assessed as Moderate with a Trust Score of 72/100. Bsl is an active public limited indian non-government company incorporated in 1970, operating in the Environment sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and moderate financial risk profile.

Report generated on 08 Jul 2026 from the latest processed filings. Bsl Ltd snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Neutral

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 35/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Profitable - internal accruals available.
  • Externally credit-rated (A2).

Charges position: 32 open (707.51 cr) · 58 satisfied (535.95 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others18 48.0 cr
Sbicap Trustee Company Limited1 48.0 cr
Indian Bank9 48.0 cr
Oriental Bank Of Commerce11 48.0 cr
State Bank Of India5 48.0 cr
Idbi Bank Limited3 48.0 cr
Compliance Score: 50/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: DSE, BSE.
  • Litigation present in 3 court forum(s).
  • 3 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 80/100
NameDIN / PANDesignationAppointedTenureDIN status
AVINASH TODI 01234567 Director 01/04/2018 6 yrs Approved
PRAVEEN KUMAR JAIN 01234567 Director 01/04/2018 6 yrs Approved
HEMANT KAMALA JALAN 01234567 Director 01/04/2018 6 yrs Approved
KUNAL JHUNJHUNWALA 01234567 Director 01/04/2018 6 yrs Approved
SHUBHAM JAIN 01234567 Director 01/04/2018 6 yrs Approved
ARUN KUMAR CHURIWAL 01234567 Director 01/04/2018 6 yrs Approved
JAGDISH CHANDRA LADDHA 01234567 Director 01/04/2018 6 yrs Approved
SHEKHAR AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
PRAVEEN JAIN 01234567 Director 01/04/2018 6 yrs Approved
NIVEDAN CHURIWAL 01234567 Director 01/04/2018 6 yrs Approved
RAVI JHUNJHUNWALA 01234567 Director 01/04/2018 6 yrs Approved
AARTI B AGGARWAL 01234567 Director 01/04/2018 6 yrs Approved
Praveen Kumar Jain 01234567 Director 01/04/2018 6 yrs Approved
  • 13 directors on the board.
  • No disqualified or deactivated DINs.
  • 5 director exits in 3 years - high churn.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2025 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 5 transfer(s)

Promoters hold a minority stake - exact percentages are part of the full report.

Key managerial personnel: PRAVEEN KUMAR JAIN (Whole-time director) · ARUN KUMAR CHURIWAL (Whole-time director) · PRAVEEN JAIN (CFO) · NIVEDAN CHURIWAL (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 75 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 55+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Profit declined two years in a row.
Compliance score is weak (50/100).
32 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence66/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment49/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 32 open charge(s) of 707.51 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view72/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
29 Oct 2025
Charge created
Others - 21.60 Lakh
15 Oct 2025
Charge created
Others - 11.25 Lakh
28 Aug 2025
Last AGM held
Annual general meeting
28 Jul 2025
Charge created
Indian Bank - 16.00 Lakh
27 May 2025
Charge created
Others - 19.50 cr
13 May 2025
Charge created
Indian Bank - 8.00 Lakh
31 Mar 2025
Latest balance sheet
Filed with ROC
20 Mar 2025
Charge created
Indian Bank - 8.00 Lakh
20 Jan 2025
Charge created
Indian Bank - 9.00 Lakh
30 Sep 2024
Charge created
Others - 18.75 cr
16 Aug 2024
Charge created
Indian Bank - 8.50 Lakh
26 Jul 2024
Charge satisfied
State Bank Of India
19 Jun 2024
Charge created
Hdfc Bank Limited - 8.00 Lakh
31 Mar 2024
Director ceased
SUSHIL JHUNJHUNWALA
19 Jan 2024
Director ceased
AVINASH TODI
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
13 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A2 from Brickwork.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Pasupati Acrylon L50102UP1982PLC015532 Up, Uttar Pradesh, India
Pashupati Cotspin L17309GJ2017PLC098117 Kadi, Gujarat, India
Axitacotton L17200GJ2013PLC076059 Kadi, Gujarat, India
Salona L17111TZ1994PLC004797 Sathyamangalam, Tamil Nadu, India
Faze Three Limited L99999DN1985PLC000197 Dapada, Dadra & Nagar Haveli, India
Gloster L17100WB1923PLC004628 Kolkata, West Bengal, India
Silvercrest U18101KA1993PTC014935 Bangalore, Karnataka, India
Brand Studio- India U17290KA2014PTC077711 Bangalore South, Karnataka, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Bsl before audits and certifications: compliance score 50/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Bsl: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Bsl - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 72/100, distress signals and MSME payment-delay disclosures - know whether Bsl pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Bsl - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Bsl an active company?

Bsl has MCA status “Active” with a compliance score of 50/100 (Moderate).

Is Bsl financially healthy?

Bsl has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.

Should I do business with Bsl?

Its overall Trust Score is 72/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Bsl?

Promoters hold a minority stake - exact percentages are in the full report. 13 active director(s) are on record.

Does Bsl have loans or charges against its assets?

32 open charge(s) are registered against its assets, and 58 earlier charge(s) stand satisfied.

Is Bsl up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 50/100 (Moderate).

Is it risky to lend to Bsl?

Its Credit Risk Score is 35/100 (Caution Indicated). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.