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| Name of Company | BLB Ltd |
| BSE Code | 532190 |
| NSE Code |
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| ICICI Code | |
| Established | 1965 |
| My Take | So-So |
| Headquarters | Delhi |
| Promoters | Bagri family (Founded by Babu Lal Bagri) |
| Story | Great revenues at >600 Cr each Qtr. Fy09 revenues were at 1700 Cr. Well founded company. |
| Sector | NBFC |
| Sub-sector | Trading, |
| Website | |
| Positives | Promoters hold 67%, corporate hold 21%. Public hold only 11%. That means - Only 32% public holding. Regular dividend paying company as well (yield expected > 0.5 every year for a price of Rs. 16). Revenues are bigger than India Bulls or India Infoline. But it commands a P/E of 3.4 (at Rs. 16) compared to 17 to 20 for India bulls and India Infoline. Management is transparent – no insider trading, no questions about the management. |
| Negatives | No mutual funds, pension funds (foreign or Indian) have any stake. Very low OPM and NPM compared to other NBFC brokerages – India bulls and India infoline have around 10-25% NPM, while BLB has around 1%. Low profits, slow growth. |
| Peers | India bulls, India infoline |
May 3, 2010
BLB Ltd - 532190
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