BSL Limited

BSE:514045 Stock Report

Market Cap: ₹1.8b

BSL Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Nivedan Churiwal

Chief executive officer

₹20.8m

Total compensation

CEO salary percentage46.59%
CEO tenure28.3yrs
CEO ownership7.4%
Management average tenure13.3yrs
Board average tenure5.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nivedan Churiwal's remuneration changed compared to BSL's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

₹55m

Jun 30 2025n/an/a

₹63m

Mar 31 2025₹21m₹10m

₹82m

Dec 31 2024n/an/a

₹104m

Sep 30 2024n/an/a

₹113m

Jun 30 2024n/an/a

₹113m

Mar 31 2024₹19m₹9m

₹112m

Dec 31 2023n/an/a

₹125m

Sep 30 2023n/an/a

₹139m

Jun 30 2023n/an/a

₹164m

Mar 31 2023₹20m₹8m

₹169m

Dec 31 2022n/an/a

₹156m

Sep 30 2022n/an/a

₹129m

Jun 30 2022n/an/a

₹117m

Mar 31 2022₹14m₹7m

₹115m

Dec 31 2021n/an/a

₹122m

Sep 30 2021n/an/a

₹111m

Jun 30 2021n/an/a

₹98m

Mar 31 2021₹9m₹5m

₹14m

Dec 31 2020n/an/a

-₹32m

Sep 30 2020n/an/a

-₹32m

Jun 30 2020n/an/a

-₹31m

Mar 31 2020₹10m₹5m

₹17m

Dec 31 2019n/an/a

₹26m

Sep 30 2019n/an/a

₹13m

Jun 30 2019n/an/a

-₹8m

Mar 31 2019₹10m₹5m

₹9m

Compensation vs Market: Nivedan's total compensation ($USD233.32K) is above average for companies of similar size in the Indian market ($USD45.94K).

Compensation vs Earnings: Nivedan's compensation has been consistent with company performance over the past year.

CEO

Nivedan Churiwal (50 yo)

28.3yrs
Tenure
₹20,817,718
Compensation

Mr. Nivedan Churiwal is Managing Director and Whole-Time Director of BSL Limited. He joined the BSL Limited as Executive Director on July 26, 1997. He was Member of The Board of Directors of La Opala RG Li...

Leadership Team

NamePositionTenureCompensationOwnership
Arun Churiwal
Executive Chairman48yrs₹22.91m9.97%
₹ 181.7m
Nivedan Churiwal
MD & Whole-Time Directorno data₹20.82m7.38%
₹ 134.5m
Praveen Jain
CFO, Director of Operations & Director19.5yrs₹14.62m0.000050%
₹ 911.4
Shubham Jain
Company Secretary & Compliance Officer3yrs₹921.00kno data
M. Khiria
Vice President of Export Marketingno data₹6.35mno data
Arun Shraff
Vice President of Furnishing13.3yrs₹5.08mno data
Sanjay Tripathi
Sr. General Manager of IR & HRno datano datano data
13.3yrs
Average Tenure
60yo
Average Age

Experienced Management: 514045's management team is seasoned and experienced (13.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Arun Churiwal
Executive Chairman48yrs₹22.91m9.97%
₹ 181.7m
Nivedan Churiwal
MD & Whole-Time Director28.3yrs₹20.82m7.38%
₹ 134.5m
Praveen Jain
CFO, Director of Operations & Director4.4yrs₹14.62m0.000050%
₹ 911.4
Ravi Jhunjhunwala
Non-Executive Director32.1yrs₹80.00k1.53%
₹ 27.9m
Shekhar Agarwal
Non-Executive Director23.5yrs₹140.00kno data
Aarti Aggarwal
Independent Director2yrs₹140.00kno data
Hemant Jalan
Independent Director2yrs₹120.00kno data
Jagdish Laddha
Independent Director5.8yrs₹110.00kno data
Kunal Jhunjhunwala
Independent Director1.9yrs₹80.00k0.075%
₹ 1.4m
Avinash Todi
Independent Director2yrs₹120.00kno data
5.1yrs
Average Tenure
70yo
Average Age

Experienced Board: 514045's board of directors are considered experienced (5.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/25 20:15
End of Day Share Price 2025/11/25 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BSL Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anil BurraFirstCall Research