NSE: BLBLIMITED · BSE: 532290
BLB LIMITED
An investment company classified under Financial Services, classified by the exchange as belonging to the Investment Company basic industry. Its only identified segment is Shares and Securities, which accounted for 100% of segment revenue in the most recent segment breakdown available. Standalone revenue from operations was Rs 744.01 crore in FY26, with a net profit of Rs 33.32 crore. The company runs with very low leverage, with debt-to-equity at 0.0021, and generates high returns on capital: ROCE of 35.16% and ROE of 25.57%. During FY26 it incorporated a wholly-owned subsidiary, BLB Growth Ventures Private Limited, which is included in consolidated results. The board has approved advancing loans, guarantees or security up to Rs 50 crore to subsidiaries or group entities under Section 185 of the Companies Act, subject to shareholder approval. The largest identified operating cost line is employee cost at Rs 2.77 crore in FY26. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Shares and Securities (100%). Asset-light investment company with negligible debt and high returns on capital
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 744 |
| EBITDA (ex other income) | 44 |
| margin % | 5.9 |
| Owners' profit | 0 |
| EPS, as reported (₹) | 6.30 |
| ROE % · ROCE % | 25.6 · 35.2 |
| Debt / equity (x) | 0.00 |
| Cash from operations | 15 |
| Capex | (1) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q4 FY26 | Q1 FY27 |
|---|---|---|
| Revenue | 72 | 93 |
| Profit before tax | 7 | 7 |
| Net profit | 4 | 6 |
| EPS (₹) | 0.82 | 1.05 |
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. % |
|---|---|---|---|---|---|---|---|---|
| JIO FIN SERVICES LTD | 1,39,326 | 65.5 | 1.04 | — | 1.2 | — | — | 70.7 |
| ADITYA BIRLA CAPITAL LTD. | 1,00,797 | 23.5 | 2.74 | — | 10.5 | — | 18.8 | 40.8 |
| L&T FINANCE LIMITED | 64,463 | 20.3 | 2.30 | — | 10.6 | — | 5.5 | 62.3 |
| TATA INVESTMENT CORP LTD | 30,734 | 71.3 | 1.05 | — | 1.5 | — | 19.5 | 92.6 |
| CHOLAMANDALAM FIN HOL LTD | 25,503 | 9.6 | 0.75 | — | 16.2 | — | 23.0 | 58.4 |
| TVS HOLDINGS LIMITED | 23,258 | 11.8 | 1.80 | — | 26.3 | — | 23.4 | 16.4 |
| MAHARASHTRA SCOOTERS LTD | 13,773 | 49.4 | 0.50 | — | 1.1 | — | — | 84.1 |
| JSW HOLDINGS LIMITED | 12,374 | 90.1 | 0.37 | — | 0.4 | — | 14.1 | 84.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.9 | 21.5 | 11 of 51 | 80% |
| P/B | 0.7 | 0.7 | 34 of 63 | 45% |
| ROCE | 34.1 | 0.4 | 1 of 28 | 100% |
| ROE | 25.6 | 1.3 | 4 of 65 | 95% |
| Debt / Equity | 0.0 | 0.0 | 19 of 27 | 31% |
| EBITDA margin | 8.4 | 61.6 | 51 of 62 | 18% |
| Market cap | 88 | 314 | 45 of 68 | 34% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · BLB Limited files Q2 FY26 dematerialization compliance certificate | compliance | minimal | — | — |
| 1 Oct 2026 · Internal Auditors resign after completing FY26 audit work | management changes | low | — | — |
| 29 Sept 2026 · Trading window closed ahead of Q2 results | compliance | minimal | — | — |
| 28 Sept 2026 · Promoter Brij Rattan Bagri buys 14,386 shares of BLB Limited in open market | ownership changes | low | — | — |
| 26 Sept 2026 · BLB Ltd promoter Brij Rattan Bagri buys 14,386 shares via open market | ownership changes | medium | — | — |
| 25 Sept 2026 · Promoter Brij Rattan Bagri buys 10,000 shares of BLB Limited in open market | ownership changes | low | — | — |
| 24 Sept 2026 · BLB Limited promoter Brij Rattan Bagri buys 16,432 shares in open market | ownership changes | low | — | — |
| 23 Sept 2026 · BLB Limited promoter buys 65,581 shares via open market, stake rises to 47.67% | ownership changes | medium | — | — |
| 22 Sept 2026 · Promoter Brij Rattan Bagri buys 55,223 shares of BLB via open market | ownership changes | medium | — | — |
| 18 Sept 2026 · BLB Ltd promoter Brij Rattan Bagri buys 69,522 shares via open market | ownership changes | 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.