BLB Limited (BLBLIMITED)
₹16.22 -0.18% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, BLB's revenue was ₹93.2 Cr (+65.2% year on year, +30.2% on the previous quarter), and net profit ₹5.5 Cr (-51.9% year on year); the operating margin was 10.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹93.2 | +65.2% | +30.2% |
| Operating profit | ₹9.9 | -32.8% | +34.1% |
| Net profit | ₹5.5 | -51.9% | +28.3% |
| EPS (₹) | 1.05 | -51.6% | +28.0% |
| Operating margin | 10.7% | — | — |
BLBLIMITED delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 58.71% of the BLBLIMITED shares traded on NSE were taken to delivery, against the stock's own 20-session average of 68.48%. That is close to its usual level. Turnover was only ₹9 lakh, so a handful of trades can move this figure. Volume was 0.4 times its average, well below normal.
Delivery in the last 5 sessions: 65.3% · 78.4% · 87.8% · 50.6% · 58.7%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
BLB Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent Abhipra Capital Limited, confirms that securities received for dematerialization were processed within 15 days. Security certificates were mutilated and cancelled after due verification, and depositories were substituted as the registered owner. This is a regular administrative disclosure with no financial impact.
- Regulation 74(5) compliance certificate submitted for the quarter ended September 30, 2026
- Confirmation provided by Registrar and Share Transfer Agent Abhipra Capital Limited dated October 05, 2026
- Securities received for dematerialization confirmed and processed within the mandated 15 days
BLB Limited has announced the resignation of M/s. Sarat Jain & Associates as the company's Internal Auditors with effect from October 1, 2026. The resignation comes upon completion of their internal audit assignments and submission of reports for the financial year ended March 31, 2026. The departing firm confirmed there are no unresolved audit observations or other material reasons for the exit. BLB Limited reported TTM revenue of Rs 501 Cr and operates as a debt-free entity with a market capitalization of Rs 88 Cr.
- Cessation of internal auditor M/s. Sarat Jain & Associates effective October 1, 2026
- Assignment completed for FY 2025-26 with reports submitted for half-years ended September 30, 2025, and March 31, 2026
- Auditor confirmed no pending reports, unresolved audit observations, or material reasons for leaving
- Firm Registration Number (FRN) of the exiting auditor is 014793C
BLB Limited reported a consolidated revenue of ₹93.22 Cr for Q1 FY27, a 65.2% increase from ₹56.42 Cr in the same quarter last year. However, Net Profit declined significantly by 51.9% YoY to ₹5.53 Cr, down from ₹11.49 Cr, as total expenses more than doubled to ₹83.72 Cr. Sequentially, the company showed improvement with revenue growing 30% and PAT growing 28% compared to Q4 FY26. The company remains debt-free with a net worth of ₹130 Cr, maintaining its low-leverage operational model.
- Consolidated Revenue from Operations grew 65.2% YoY to ₹93.22 Cr from ₹56.42 Cr.
- Net Profit for the quarter fell 51.9% YoY to ₹5.53 Cr compared to ₹11.49 Cr in Q1 FY26.
- Purchase of stock-in-trade surged to ₹91.94 Cr, representing 98.6% of operational revenue.
- Basic and Diluted EPS decreased to ₹1.05 from ₹2.17 in the year-ago period.
- Total expenses rose to ₹83.72 Cr, a 99.5% increase from ₹41.97 Cr in Q1 FY26.
BLB Limited concluded its 45th Annual General Meeting on July 24, 2026, where shareholders approved the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. A significant special resolution was passed authorizing the company to advance loans, provide guarantees, or offer security under Section 185 of the Companies Act, 2013. Additionally, Sh. Brij Rattan Bagri was re-appointed as a Director. The company continues to operate with a debt-free balance sheet and a net worth of approximately ₹130 Cr.
- Shareholders approved the Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026
- Passed a Special Resolution for advancing loans or providing guarantees/security under Section 185
- Re-appointed Sh. Brij Rattan Bagri (DIN: 00007441) as a Director following his retirement by rotation
- Company maintains a debt-free status with ₹0 Cr debt as per latest financial context
- Net Capital Turnover Ratio improved significantly from 3.80 to 8.01 in the preceding period
BLB Limited held its 45th Annual General Meeting on July 24, 2026, where all four proposed resolutions were passed with a requisite majority. Key approvals included the adoption of standalone and consolidated financial statements for FY26 and a special resolution authorizing the company to provide loans, guarantees, or securities under Section 185 of the Companies Act. The Section 185 resolution received 99.96% approval from the 3.37 crore valid votes cast. Promoter participation was 100% for the financial statements and the special resolution, while public non-institutional participation stood at 33.41%.
- All 4 resolutions passed with over 99.9% majority of votes polled
- Special resolution for Section 185 loans/guarantees approved with 3,37,62,630 votes in favour
- Total of 14,743 shareholders were registered as of the cut-off date of July 17, 2026
- 79 shareholders attended the meeting through video conferencing
- Promoter group cast 2,41,95,548 votes in favour of the financial statements and loan powers
BLB Limited conducted its 45th Annual General Meeting on July 24, 2026, via video conferencing with 79 members in attendance. Key agenda items included the adoption of FY26 financial statements and the re-appointment of Sh. Brij Rattan Bagri as Director. A special resolution was also tabled to approve advancing loans or providing security under Section 185 of the Companies Act. The company maintains a debt-free balance sheet with a net worth of Rs 130 Cr.
- 45th AGM held on July 24, 2026, concluding at 01:27 p.m.
- 79 members participated in the meeting through Video Conferencing
- Special Resolution proposed for advancing loans or providing security under Section 185
- Net Capital Turnover Ratio improved from 3.80 to 8.01 as per financial context
BLB Limited has submitted its quarterly compliance certificate for the period ended June 30, 2026, as required under SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by its Registrar and Share Transfer Agent (RTA), Abhipra Capital Limited, confirms that all share certificates received for dematerialization were processed within the mandated 15-day timeframe. This filing is a standard administrative procedure to ensure the accuracy of the company's shareholding records. There are no material financial implications or changes to business operations reported in this document.
- Compliance certificate issued for the quarter ended June 30, 2026
- Dematerialization requests were confirmed to depositories within 15 days of receipt
- Security certificates received were mutilated and cancelled after due verification
- Registrar and Share Transfer Agent (RTA) confirmed as M/s. Abhipra Capital Limited
BLB Limited has announced the closure of its trading window for all insiders and designated persons starting July 01, 2026. This is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of unaudited financial results for the quarter ended June 30, 2026. The window will remain closed until 48 hours after the results are declared. This follows a quarter (Mar 2026) where the company reported a revenue of ‡71.61 crore and a net profit of ‡4.31 crore.
- Trading window closure effective from Wednesday, July 01, 2026.
- Closure pertains to the financial results for the quarter ended June 30, 2026.
- Window to reopen 48 hours after the official declaration of results.
- Company maintains a debt-free balance sheet with a net worth of ‡130 Cr.
- Preceding quarter (Mar 2026) revenue stood at ‡71.61 Cr with an EPS of ‡0.82.
BLB Limited has initiated the formal process for its 45th Annual General Meeting (AGM), scheduled for July 24, 2026. The company is dispatching physical letters to shareholders who have not registered their email addresses, providing them with a web link to the FY 2025-26 Annual Report. Additionally, the filing serves as a regulatory reminder for shareholders to update KYC details and dematerialize physical securities as per SEBI mandates. The company maintains a debt-free balance sheet with a net worth of Rs 130 Cr.
- 45th Annual General Meeting scheduled for July 24, 2026, at 12:30 p.m. IST via Video Conferencing.
- Annual Report for FY 2025-26 is now accessible via the company's website for all shareholders.
- Mandatory KYC update reminder issued pursuant to SEBI Master Circular dated June 23, 2025.
- Company remains debt-free (Rs 0 Cr debt) with a reported net worth of Rs 130 Cr.
BLB Limited has scheduled its 45th Annual General Meeting (AGM) for July 24, 2026. A key special resolution involves seeking shareholder approval to provide loans, guarantees, or securities up to ₹50 Crores to subsidiaries, associates, or entities where directors are interested. This proposed limit is significant, representing approximately 38.5% of the company's reported net worth of ₹130 Crores. The meeting will also cover the adoption of FY26 audited financial statements and the re-appointment of Director Brij Rattan Bagri.
- 45th Annual General Meeting scheduled for July 24, 2026, via video conferencing
- Proposed special resolution to authorize loans/guarantees up to ₹50.00 Crores under Section 185
- The ₹50 Cr authorization limit represents ~38.5% of the company's ₹130 Cr net worth
- Cut-off date for e-voting eligibility is fixed as July 17, 2026
- Remote e-voting period to run from July 21, 2026, to July 23, 2026
The Board of BLB Limited has approved a proposal to provide loans, guarantees, or securities to entities covered under Section 185 of the Companies Act, 2013, up to an aggregate limit of ₹50.00 Crores. This move is subject to shareholder approval and is intended to be in the best interest of the company. Additionally, the board has scheduled the 45th Annual General Meeting (AGM) for July 24, 2026, to be held via video conferencing. The board also finalized the Annual Report and Corporate Governance disclosures for the financial year 2025-26.
- Board approved advancing loans or providing guarantees/securities up to an aggregate of ₹50.00 Crores.
- Proposed financial assistance is subject to shareholder approval under Section 185 of the Companies Act.
- The 45th Annual General Meeting (AGM) is scheduled for July 24, 2026, at 12:30 p.m.
- Approval of the Board's Report and Management Discussion and Analysis Report for FY 2025-26.
BLB Limited demonstrated exceptional growth in FY26, with annual revenue reaching ₹744.01 crore, a 38% increase over FY25. The company's net profit for the full year skyrocketed to ₹33.35 crore from just ₹3.86 crore in the previous year. Fourth-quarter results also showed a strong turnaround, posting a profit of ₹4.34 crore compared to a loss of ₹3.02 crore in Q4 FY25. This performance is reflected in the annual EPS, which jumped to ₹6.31 from ₹0.73.
- Annual Revenue from Operations increased by 38% YoY to ₹74,401 Lacs
- Full-year Net Profit (PAT) surged to ₹3,335 Lacs from ₹386 Lacs in FY25
- Q4 FY26 turned profitable with a PAT of ₹434 Lacs compared to a loss of ₹302 Lacs in Q4 FY25
- Earnings Per Share (EPS) for FY26 rose significantly to ₹6.31 from ₹0.73 in the previous year
- Total Equity (Other Equity) grew to ₹12,506 Lacs from ₹9,207 Lacs YoY
BLB Limited's promoter group, led by Chairman Brij Rattan Bagri, has submitted its annual disclosure under SEBI Takeover Regulations for the financial year ending March 31, 2026. The promoter group collectively holds 2,41,95,548 equity shares in the company. The declaration confirms that no direct or indirect encumbrances or pledges were created on these shares during the entire financial year. This transparency provides assurance regarding the stability of the promoter's stake and the absence of pledge-related risks.
- Promoter and promoter group hold a total of 2,41,95,548 equity shares as of March 31, 2026.
- Declaration confirms zero encumbrance or pledge on the entire promoter holding during FY 2025-26.
- Disclosure covers seven promoter entities including Brij Rattan Bagri and BRSB Securities Private Limited.
- Compliance submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Brij Rattan Bagri, Chairman and Promoter of BLB Limited, has submitted a declaration under SEBI Takeover Regulations for the financial year ended March 31, 2026. The promoter group collectively holds 2,41,95,548 equity shares in the company. The filing confirms that no direct or indirect encumbrances or pledges were created on these shares during the year. This annual disclosure is a standard regulatory requirement that provides transparency regarding the stability of promoter holdings.
- Promoter group holds a total of 2,41,95,548 equity shares in BLB Limited.
- Declaration confirms zero encumbrance or pledges were made during the financial year ended March 31, 2026.
- Compliance filing made under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- The promoter group includes Brij Rattan Bagri, Malati Bagri, and several entities like BRSB Securities Private Limited.
BLB Limited has received an intimation order for Assessment Year 2025-26 from the Income Tax Department involving an income adjustment of ₹197.48 Lacs. The company claims the department inadvertently double-counted this income under the 'Schedule BP - Business and Profession' head, leading to an incorrect tax demand. BLB Limited intends to file a rectification application under Section 154 of the Income Tax Act to resolve the discrepancy. Management has clarified that this development has no material impact on the company's current operations or financial health.
- Income Tax Department issued an intimation order for A.Y. 2025-26 on May 15, 2026.
- Adjustment of ₹197.48 Lacs was made to the returned income, resulting in a consequential tax demand.
- The company identifies the adjustment as a 'mistake apparent from records' due to the same income being added twice.
- A rectification application under Section 154 will be filed to correct the taxable income enhancement.
- Management states there is no material impact on the financials or operations of the company.
Financial Performance
Revenue Growth by Segment
The company operates in a single segment: trading and investment in shares and securities, which saw revenue grow by 71.52% to INR 539.23 Cr in FY25 from INR 314.38 Cr in FY24.
Geographic Revenue Split
100% of revenue is generated within India, primarily through operations on the NSE and BSE exchanges.
Profitability Margins
Net Profit Margin decreased from 0.83% in FY24 to 0.72% in FY25. While absolute profit grew 47.85% to INR 3.86 Cr, the margin compression was attributed to lower relative profitability during the high-turnover period.
EBITDA Margin
The company uses adjusted EBITDA for performance assessment; Return on Capital Employed (ROCE) improved from 4.20% to 5.74% YoY, indicating better operational efficiency in capital deployment.
Capital Expenditure
Not explicitly disclosed in absolute INR Cr for future periods, though the company focuses on maintaining a debt-free balance sheet to fund trading operations.
Credit Rating & Borrowing
The company is debt-free with a Debt-Equity Ratio of 0.00. It has sanctioned working capital limits exceeding INR 5 Cr from banks secured against current assets and fixed deposits.
Operational Drivers
Raw Materials
Shares, Securities, and Mutual Funds, which constitute 100% of the company's stock-in-trade.
Import Sources
Sourced entirely from Indian capital markets (NSE and BSE).
Key Suppliers
National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and various Asset Management Companies (AMCs) for mutual fund units.
Capacity Expansion
Acquired BRSB Securities Private Limited, a corporate member of NSE and BSE with a FY25 turnover of INR 94.98 Cr, to expand its stock broking and advisory footprint.
Raw Material Costs
Cost of goods sold relates to the purchase price of securities; the Inventory Turnover Ratio improved significantly from 12.40 to 22.17, reflecting faster churning of the trading book.
Manufacturing Efficiency
Net Capital Turnover Ratio improved from 3.80 to 8.01, indicating the company is generating double the revenue for every unit of working capital compared to the previous year.
Logistics & Distribution
Not applicable; all transactions are executed and settled digitally through exchange mechanisms.
Strategic Growth
Expected Growth Rate
71.52%
Growth Strategy
Growth is driven by inorganic expansion, such as the acquisition of BRSB Securities Private Limited, and a focus on high-volume trading. The strategy involves leveraging a debt-free balance sheet to capitalize on increased retail participation in Indian capital markets.
Products & Services
Equity trading services, investment in mutual funds, and corporate advisory services for restructuring and acquisitions.
Brand Portfolio
BLB Limited, BRSB Securities.
New Products/Services
Expansion into the stock broking segment via the acquisition of BRSB Securities Private Limited, which contributed INR 94.98 Cr in turnover in FY25.
Market Expansion
Targeting the growing mutual fund ecosystem and digital investment platforms to capture higher investor participation.
Strategic Alliances
Acquisition of BRSB Securities Private Limited through Optionally Convertible Redeemable Preference Shares (OCRPS).
External Factors
Industry Trends
The industry is shifting toward digital platforms and inclusive wealth creation; the mutual fund industry is becoming a crucial channel for financial savings, growing significantly in recent years.
Competitive Landscape
Faces competition from large-scale digital discount brokers and traditional financial service firms.
Competitive Moat
The primary moat is a debt-free balance sheet (0.00 debt-equity) and established corporate memberships in major exchanges, providing a low-cost operational base compared to leveraged peers.
Macro Economic Sensitivity
Highly sensitive to GDP growth and macro fundamentals which drive corporate earnings and investor confidence in capital markets.
Consumer Behavior
Shift in consumer behavior toward financialization of savings, moving away from physical assets to equity and mutual funds.
Geopolitical Risks
Global geopolitical instability affecting India's sovereign rating and foreign institutional investor (FII) flows into the equity market.
Regulatory & Governance
Industry Regulations
Subject to SEBI regulations, exchange bylaws, and the Companies Act 2013; must maintain strict audit trails for all accounting software transactions.
Environmental Compliance
Minimal impact due to the nature of financial services; ESG compliance costs are not a material factor.
Taxation Policy Impact
Compliant with Indian Accounting Standards (Ind AS) since 2017; specific tax rate % not provided.
Legal Contingencies
The company has disclosed the impact of pending litigations in its financial statements as of March 31, 2025; however, specific aggregate INR values for these cases were not provided in the summary.
Risk Analysis
Key Uncertainties
Market volatility and regulatory changes in the financial services sector could impact margins by 10-15% depending on the severity of the overhaul.
Geographic Concentration Risk
100% concentration in the Indian market, making it vulnerable to domestic regulatory shifts.
Third Party Dependencies
High dependency on technology vendors and exchange infrastructure for daily business operations.
Technology Obsolescence Risk
Risk of technological disruption in trading platforms; the company is mitigating this through continuous spending on technology products and services.
Credit & Counterparty Risk
Exposure to credit risk in trading operations, managed through comprehensive risk management techniques and exchange-mandated safeguards.
