BLS International Services Ltd

BLS International Services is an India-based company, which provides outsourcing of visa, passport and attestation services to the client governments across the world.

  • Market Cap: 717.63 Cr.
  • Current Price: 70.15
  • 52 weeks High / Low 144.80 / 57.50
  • Book Value: 4.22
  • Stock P/E: 32.01
  • Dividend Yield: 1.43 %
  • ROCE: 57.84 %
  • ROE: 44.92 %
  • Sales Growth (3Yrs): 48.17 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
Pros:
Company is virtually debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 40.15%
Company has been maintaining a healthy dividend payout of 79.99%
Debtor days have improved from 64.97 to 27.40 days.
Cons:
Stock is trading at 16.64 times its book value
Earnings include an other income of Rs.20.97 Cr.

Peer Comparison Sector: IT - Software // Industry: Computers - Software - Medium / Small

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
6.21 6.93 11.76 9.07 10.03 10.03 11.97 16.16 11.71 11.85 13.36 13.77
4.27 6.91 8.00 7.35 7.37 8.74 8.87 10.41 9.80 11.11 9.60 9.76
Operating Profit 1.94 0.02 3.76 1.72 2.66 1.29 3.10 5.75 1.91 0.74 3.76 4.01
OPM % 31.24% 0.29% 31.97% 18.96% 26.52% 12.86% 25.90% 35.58% 16.31% 6.24% 28.14% 29.12%
Other Income 0.09 1.32 0.31 5.07 0.19 0.51 5.73 1.05 1.13 1.44 17.01 1.39
Interest 0.06 0.03 0.04 0.07 0.12 0.17 0.14 0.18 0.25 0.17 0.21 0.20
Depreciation 0.46 0.43 0.58 0.58 0.68 0.57 0.33 0.37 0.38 0.42 0.35 0.44
Profit before tax 1.51 0.88 3.45 6.14 2.05 1.06 8.36 6.25 2.41 1.59 20.21 4.76
Tax % 34.44% 12.50% 31.01% 18.89% 29.76% -66.98% 22.13% 35.68% 34.02% 27.04% 17.42% 37.39%
Net Profit 0.99 0.77 2.37 4.98 1.44 1.77 6.51 4.02 1.60 1.16 16.69 2.97
EPS in Rs 0.10 0.07 0.23 0.49 0.14 0.17 0.64 0.39 0.16 0.11 1.63 0.29
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
13.62 15.89 24.09 40.88 51.69 50.69
9.99 13.10 18.72 30.75 38.76 40.27
Operating Profit 3.63 2.79 5.37 10.13 12.93 10.42
OPM % 26.65% 17.56% 22.29% 24.78% 25.01% 20.56%
Other Income 0.27 1.61 1.75 5.98 9.35 20.97
Interest 1.09 0.58 1.10 1.00 2.18 0.83
Depreciation 1.77 2.15 1.60 2.41 1.50 1.59
Profit before tax 1.04 1.67 4.42 12.70 18.60 28.97
Tax % 32.69% 27.54% 29.19% 16.93% 28.60%
Net Profit 0.70 1.21 3.14 10.56 13.28 22.42
EPS in Rs 0.07 0.12 0.31 1.03 1.30 2.19
Dividend Payout % 0.00% 0.00% 114.25% 48.53% 77.18%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:48.17%
TTM:5.19%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:122.17%
TTM:63.17%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-27.32%
1 Year:-40.37%
Return on Equity
10 Years:%
5 Years:%
3 Years:40.15%
Last Year:44.92%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
10.25 10.25 10.25 10.25 10.25 10.25
Reserves 2.84 4.05 7.76 15.03 23.55 32.94
Borrowings 7.04 2.78 1.82 4.90 7.81 5.19
2.46 5.88 7.74 19.83 27.11 39.11
Total Liabilities 22.59 22.96 27.57 50.01 68.72 87.49
6.04 4.14 4.58 3.61 3.89 4.67
CWIP 0.00 0.00 0.00 0.00 0.00 0.00
Investments 1.70 1.70 3.24 3.74 4.88 4.88
14.85 17.12 19.75 42.66 59.95 77.94
Total Assets 22.59 22.96 27.57 50.01 68.72 87.49

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
1.99 2.28 0.74 10.21 22.56
-8.44 1.08 0.27 -7.04 -21.46
6.44 -1.72 -1.82 -0.56 -2.68
Net Cash Flow -0.01 1.64 -0.81 2.62 -1.58

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 12.09% 29.91% 55.15% 57.84%
Debtor Days 50.38 26.19 62.88 104.64 27.40
Inventory Turnover