The company has issued more shares over this period, which dilutes each existing shareholder’s stake.
Diluted shares outstanding: 48.9M (2022) → 49.4M (2026)
Established in 1963 and headquartered in Bengaluru, India, BPL Limited primarily operates within India, engaging in the manufacturing and distribution of a broad spectrum of electronic goods. The company's diverse product portfolio includes major consumer electronics such as televisions, refrigerators, air conditioners, and washing machines. They also provide various lighting solutions, including LED bulbs, tube lights, and battens, alongside ceiling and exhaust fans. Furthermore, their offerings extend to kitchen and home appliances like induction cookers, audio equipment such as speakers and soundbars, accessories, and personal care items. Beyond consumer products, BPL Limited supplies components for medical electronics and printed circuit boards. All its goods are marketed under the distinctive BPL brand name.
When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.
+11.0% YoY
YoY Growth Rate
Steady revenue growth
-228.6% YoY
YoY Growth Rate
Earnings declining
₹0/ year
0.0% of revenue
Below sector average (15%)
Research and development spending
Cash flow positive
₹1.3B cash & investments
Quarterly Free Cash Flow
↑ Burn rate improving
Company generates more cash than it spends — no dilution risk from fundraising
BPL Limited is a rare growth stock that's already generating positive cash flow while growing at 11%. The Winston Score doesn't fully credit this transition from "burner" to "earner."
The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.
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ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.
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Free cash flow is negative. They are burning cash, not generating it.
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Interest coverage below 1. Their profits don't cover the interest bill.
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