BLS International Services Ltd

BLS International Services Ltd

₹ 402 1.82%
23 May - close price
About

BLS International Services Limited (BLS), a part of the four-decades-old BLS Group with a global presence and diversified range of services, and is the biggest global players in visa application outsourcing.[1]

Key Points

Business Segments

  • Market Cap 16,550 Cr.
  • Current Price 402
  • High / Low 522 / 278
  • Stock P/E 754
  • Book Value 2.59
  • Dividend Yield 0.25 %
  • ROCE 24.3 %
  • ROE 22.4 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 37.2%
  • Company's median sales growth is 26.4% of last 10 years

Cons

  • Stock is trading at 155 times its book value
  • Tax rate seems low
  • Earnings include an other income of Rs.46.7 Cr.
  • Promoter holding has decreased over last 3 years: -4.21%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
14.99 15.60 24.04 21.98 25.20 27.53 27.57 23.33 40.21 37.69 34.25 41.19 25.36
12.61 14.86 16.11 19.71 24.02 24.12 21.73 26.84 33.39 33.57 33.98 36.67 40.72
Operating Profit 2.38 0.74 7.93 2.27 1.18 3.41 5.84 -3.51 6.82 4.12 0.27 4.52 -15.36
OPM % 15.88% 4.74% 32.99% 10.33% 4.68% 12.39% 21.18% -15.05% 16.96% 10.93% 0.79% 10.97% -60.57%
11.73 16.09 1.41 8.29 11.40 0.44 12.95 9.03 13.03 0.67 21.63 0.51 23.85
Interest 0.02 0.02 0.02 0.03 0.02 0.02 0.81 0.31 0.34 0.46 0.78 0.94 1.65
Depreciation 0.53 0.45 0.55 0.57 1.03 0.88 2.23 1.43 1.79 2.38 2.97 3.71 4.21
Profit before tax 13.56 16.36 8.77 9.96 11.53 2.95 15.75 3.78 17.72 1.95 18.15 0.38 2.63
Tax % 7.23% 1.89% 25.09% 23.69% 4.25% 27.46% 6.16% -33.60% 15.18% 26.15% -2.81% 28.95% 39.92%
12.59 16.04 6.57 7.60 11.04 2.15 14.79 5.05 15.02 1.45 18.67 0.27 1.58
EPS in Rs 0.31 0.39 0.16 0.18 0.27 0.05 0.36 0.12 0.36 0.04 0.45 0.01 0.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
10 14 16 24 41 52 53 20 40 87 119 138
8 10 13 19 31 39 40 24 38 74 106 145
Operating Profit 2 4 3 5 10 13 13 -3 2 13 13 -6
OPM % 20% 27% 18% 22% 25% 25% 24% -16% 6% 14% 11% -5%
0 0 2 2 6 9 20 30 17 37 35 47
Interest 0 1 1 1 1 2 1 1 0 1 2 4
Depreciation 1 2 2 2 2 2 2 2 2 3 6 13
Profit before tax 1 1 2 4 13 19 30 24 17 47 40 23
Tax % 33% 33% 28% 29% 17% 29% 22% 13% 7% 12% 8% 5%
1 1 1 3 11 13 23 21 16 41 37 22
EPS in Rs 0.02 0.03 0.08 0.26 0.32 0.56 0.51 0.39 1.00 0.90 0.53
Dividend Payout % 0% 0% 0% 114% 49% 77% 44% 25% 79% 75% 111% 0%
Compounded Sales Growth
10 Years: 26%
5 Years: 21%
3 Years: 51%
TTM: 17%
Compounded Profit Growth
10 Years: 41%
5 Years: -1%
3 Years: 11%
TTM: -40%
Stock Price CAGR
10 Years: %
5 Years: 123%
3 Years: 61%
1 Year: 22%
Return on Equity
10 Years: 38%
5 Years: 36%
3 Years: 37%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 10 10 10 10 10 10 10 10 10 41 41 41
Reserves 2 3 4 8 15 24 31 45 49 37 48 66
0 7 3 2 5 8 1 1 1 1 19 7
2 2 6 7 19 26 24 8 29 17 21 106
Total Liabilities 15 23 23 27 50 68 67 65 89 96 129 219
2 6 4 5 4 4 4 4 4 8 31 87
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 2 2 2 3 4 5 5 1 1 33 36 42
11 15 17 19 42 59 57 60 84 54 61 90
Total Assets 15 23 23 27 50 68 67 65 89 96 129 219

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 2 2 1 10 22 1 -26 -0 -6 -0 25
0 -8 1 0 -7 -21 24 33 19 35 26 30
0 6 -2 -2 -1 -3 -23 -9 -14 -23 -31 -30
Net Cash Flow 1 -0 2 -1 3 -2 2 -3 4 5 -5 25

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 33 50 26 63 105 27 26 45 18 15 56 36
Inventory Days
Days Payable
Cash Conversion Cycle 33 50 26 63 105 27 26 45 18 15 56 36
Working Capital Days -25 -43 63 79 118 130 124 570 -133 6 49 -14
ROCE % 9% 13% 12% 30% 55% 58% 73% 49% 31% 57% 45% 24%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.59% 74.41% 74.41% 74.41% 71.68% 71.52% 71.52% 71.52% 71.52% 70.38% 70.38% 70.38%
4.32% 6.67% 8.20% 7.57% 8.46% 7.66% 7.56% 7.67% 7.40% 8.96% 10.93% 9.94%
0.00% 0.05% 0.05% 0.05% 0.05% 0.07% 0.89% 1.05% 1.35% 1.71% 1.36% 2.26%
21.06% 18.64% 17.30% 17.92% 19.78% 20.49% 19.93% 19.65% 19.68% 18.87% 17.27% 17.38%
0.03% 0.24% 0.06% 0.05% 0.04% 0.26% 0.11% 0.10% 0.07% 0.07% 0.06% 0.04%
No. of Shareholders 57,53162,49985,08187,06888,43596,1191,11,2401,44,9471,51,7091,73,6121,70,1651,87,493

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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