NSE: BILVYAPAR · BSE: 500059
BIL VYAPAR LIMITED
Classified as a holding company in financial services, the entity currently operates no revenue-generating business. FY26 revenue stands at Rs 0 crore against total assets of Rs 25.24 crore. The most recent segment data available (period ending 31 December 2022) shows a Media segment contributing Rs 1.08 crore (96.4% of period segment revenue) and Rs 0.53 crore EBIT, while Logistics and Zinc and by Products segments reported zero revenue. The company is admitted under the Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated 21 November 2025, with a Resolution Professional overseeing operations. Standalone FY26 result was a net loss of Rs 3.34 lakh, net worth is fully eroded (negative Rs 1,862.77 lakh), and accumulated losses are reported at Rs 2,176.62 lakh. Total assets of Rs 252.41 lakh sit against borrowings of Rs 1,747.49 lakh, and the auditors have prepared accounts on a liquidation basis with a disclaimer of opinion. A US subsidiary was liquidated in April 2026, and an outstanding corporate guarantee of Rs 8,025 lakh has been given to lenders of Edayar Zinc Limited. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Media (96%), Logistics (0%), Zinc and by Products (0%), Unallocated (4%). Holding company currently in CIRP, with one historically active Media segment and dormant Logistics and Zinc segments
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 2 | 0 | 0 | 0 |
| EBITDA (ex other income) | (3) | (148) | (7) | 7 | (2) |
| margin % | (257.9) | (9853.3) | — | — | — |
| Owners' profit | (178) | (151) | 0 | 7 | 0 |
| EPS, as reported (₹) | (56.88) | 0.00 | (2.28) | 2.18 | (0.01) |
| ROE % · ROCE % | 3.4 · 7.1 | 80.6 · 78.6 | 3.7 · 3.7 | (3.7) · (3.7) | 0.0 · 0.0 |
| Debt / equity (x) | (2.45) | (0.93) | (0.89) | (0.93) | (0.94) |
| Cash from operations | (3) | (4) | (6) | (2) | 6 |
| Capex | 0 | 0 | 0 | (0) | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 8 | (1) | (0) | (0) | (1) | (1) | 0 | 1 |
| Net profit | 8 | (1) | (0) | (0) | (1) | (1) | 0 | 1 |
| EPS (₹) | 2.60 | (0.17) | (0.12) | (0.13) | (0.22) | (0.52) | 0.02 | 0.45 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINSERV LTD. | 2,98,542 | 27.9 | 1.97 | — | 8.1 | — | 20.0 | 40.3 |
| BAJAJ HOLDINGS & INVS LTD | 1,22,230 | 13.2 | 1.45 | — | 5.7 | — | 21.8 | 79.1 |
| CHOICE INTERNATIONAL LTD | 16,619 | 62.3 | 8.46 | 43.3 | 6.6 | 8.3 | 46.0 | 33.4 |
| EDELWEISS FIN SERV LTD | 12,107 | 17.0 | 2.04 | — | 11.4 | — | 2.2 | 25.5 |
| JM FINANCIAL LIMITED | 10,675 | 10.6 | 0.92 | — | 5.2 | — | 5.1 | 56.2 |
| RANE HOLDINGS LIMITED | 2,116 | 25.1 | 1.48 | 6.7 | 9.6 | 11.7 | 23.7 | 6.8 |
| BF INVESTMENT LIMITED | 1,533 | 3.9 | 0.18 | — | 3.3 | — | 36.0 | 90.4 |
| BALMER LAWRIE INVSTS. L | 1,443 | 11.1 | 0.64 | — | 12.4 | — | 12.2 | 15.6 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| Profit growth | 448.0 | 26.5 | 1 of 15 | 100% |
| Market cap | 13 | 1235 | 16 of 16 | 0% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 4 Nov 2026 · Creditors to review Q2 and H1 FY2026 results on 14 November | board shareholder meetings | low | — | — |
| 4 Nov 2026 · Creditors to consider September 2026 quarterly results | compliance | minimal | — | — |
| 30 Oct 2026 · 21st Creditors Meeting Postponed to 30 October 2026 | compliance | minimal | — | — |
| 28 Oct 2026 · 21st creditors committee meeting set for 29 October 2026 | compliance | minimal | — | — |
| 21 Oct 2026 · Non-applicability of Corporate Governance Report for Q2 FY27 | compliance | minimal | — | — |
| 21 Oct 2026 · BIL Vyapar: Corporate Governance Report not applicable for Sep 2026 quarter | compliance | minimal | — | — |
| 15 Oct 2026 · RTA certificate on share dematerialisation for Jul-Sep 2026 quarter | compliance | minimal | — | — |
| 9 Oct 2026 · Proceedings and outcome of 63rd AGM held on 30 September 2026 | board shareholder meetings | medium | — | — |
| 1 Oct 2026 · Shareholders approve RNM and Associates as Statutory Auditor for FY 2026-27 | general | low | — | — |
| 1 Oct 2026 · AGM 2026 voting results: Both resolutions passed with 99.99% support | board shareholder meetings | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.