BLS International Services Ltd

BLS International Services Ltd

₹ 265 -0.19%
27 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 10,901 Cr.
  • Current Price 265
  • High / Low 422 / 218
  • Stock P/E 106
  • Book Value 2.24
  • Dividend Yield 0.76 %
  • ROCE 80.7 %
  • ROE 103 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 38.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 57.2%
  • Company has been maintaining a healthy dividend payout of 106%
  • Company's median sales growth is 44.1% of last 10 years

Cons

  • Stock is trading at 118 times its book value
  • Tax rate seems low
  • Earnings include an other income of Rs.107 Cr.
  • Promoter holding has decreased over last 3 years: -4.02%

* 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 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
25 28 28 23 40 38 34 41 25 44 46 50 69
24 24 22 27 33 34 34 37 41 39 40 43 59
Operating Profit 1 3 6 -4 7 4 0 5 -15 5 6 8 10
OPM % 5% 12% 21% -15% 17% 11% 1% 11% -61% 12% 13% 15% 14%
11 0 13 9 13 1 22 1 24 2 5 23 77
Interest 0 0 1 0 0 0 1 1 2 2 2 2 2
Depreciation 1 1 2 1 2 2 3 4 4 4 4 5 8
Profit before tax 12 3 16 4 18 2 18 0 3 1 5 24 77
Tax % 4% 27% 6% -34% 15% 26% -3% 29% 40% 21% 2% -7% 8%
11 2 15 5 15 1 19 0 2 1 5 25 72
EPS in Rs 0.27 0.05 0.36 0.12 0.36 0.04 0.45 0.01 0.04 0.02 0.12 0.61 1.74
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
14 16 24 41 52 53 20 40 87 119 138 210
10 13 19 31 39 40 24 38 74 106 144 182
Operating Profit 4 3 5 10 13 13 -3 2 13 13 -6 28
OPM % 27% 18% 22% 25% 25% 24% -16% 6% 14% 11% -4% 14%
0 2 2 6 9 20 30 17 37 35 47 107
Interest 1 1 1 1 2 1 1 0 1 2 4 7
Depreciation 2 2 2 2 2 2 2 2 3 6 13 21
Profit before tax 1 2 4 13 19 30 24 17 47 40 23 107
Tax % 33% 28% 29% 17% 29% 22% 13% 7% 12% 8% 5% 4%
1 1 3 11 13 23 21 16 41 37 22 103
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 2.49
Dividend Payout % 0% 0% 114% 49% 77% 44% 25% 79% 75% 111% 187% 20%
Compounded Sales Growth
10 Years: 29%
5 Years: 60%
3 Years: 34%
TTM: 52%
Compounded Profit Growth
10 Years: 56%
5 Years: 38%
3 Years: 44%
TTM: 374%
Stock Price CAGR
10 Years: %
5 Years: 58%
3 Years: 14%
1 Year: -35%
Return on Equity
10 Years: 50%
5 Years: 52%
3 Years: 57%
Last Year: 103%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 10 10 10 10 10 10 10 10 41 41 41 41
Reserves 3 4 8 15 24 31 45 49 37 48 66 51
7 3 2 5 8 1 1 1 1 19 70 13
2 6 7 19 26 24 8 29 17 21 42 188
Total Liabilities 23 23 27 50 68 67 65 89 96 129 219 293
6 4 5 4 4 4 4 4 8 31 87 157
CWIP 0 0 0 0 0 0 0 0 0 0 0 2
Investments 2 2 3 4 5 5 1 1 33 36 42 56
15 17 19 42 59 57 60 84 54 61 90 78
Total Assets 23 23 27 50 68 67 65 89 96 129 219 293

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2 2 1 10 22 1 -26 -0 -6 -0 25 62
-8 1 0 -7 -21 24 33 19 35 26 30 54
6 -2 -2 -1 -3 -23 -9 -14 -23 -31 -30 -138
Net Cash Flow -0 2 -1 3 -2 2 -3 4 5 -5 25 -22
Free Cash Flow -4 2 -1 8 21 -1 -27 -1 -13 -10 15 21
CFO/OP 64% 109% 45% 127% 211% 61% 645% 72% -8% 13% -470% 243%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 50 26 63 105 27 26 45 18 15 56 36 37
Inventory Days
Days Payable
Cash Conversion Cycle 50 26 63 105 27 26 45 18 15 56 36 37
Working Capital Days -43 63 78 92 86 124 563 -138 4 43 -53 -88
ROCE % 13% 12% 30% 55% 58% 73% 49% 31% 57% 45% 19% 81%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Visa Applications Processed
Million

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Countries of Operation
Number
Number of Business Correspondents (BCs)
Number
Digital Service Touchpoints
Number
Net Revenue per Visa Application
INR
Digital Service Gross Transaction Value
INR Crore
Digital Service Transactions
Crore
Global Visa Outsourcing Market Share (Values)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
71.68% 71.52% 71.52% 71.52% 71.52% 70.38% 70.38% 70.38% 70.39% 70.39% 70.39% 70.39%
8.46% 7.66% 7.56% 7.67% 7.40% 8.96% 10.93% 9.94% 8.54% 6.82% 6.37% 6.14%
0.05% 0.07% 0.89% 1.05% 1.35% 1.71% 1.36% 2.26% 2.87% 2.90% 2.92% 2.99%
19.78% 20.49% 19.93% 19.65% 19.68% 18.87% 17.27% 17.38% 18.18% 19.88% 20.28% 20.42%
0.04% 0.26% 0.11% 0.10% 0.07% 0.07% 0.06% 0.04% 0.03% 0.01% 0.02% 0.05%
No. of Shareholders 88,43596,1191,11,2401,44,9471,51,7091,73,6121,70,1651,87,4932,05,1272,08,7922,10,2222,18,959

* 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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