BLS International Services Ltd

BLS International Services Ltd

₹ 399 1.56%
21 May 10:01 a.m.
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 16,435 Cr.
  • Current Price 399
  • High / Low 522 / 278
  • Stock P/E 32.4
  • Book Value 42.0
  • Dividend Yield 0.25 %
  • ROCE 32.9 %
  • ROE 34.6 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 46.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.4%

Cons

  • Stock is trading at 9.36 times its book value
  • Tax rate seems low
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
254 273 357 438 449 383 408 438 448 493 495 513 693
219 241 300 372 382 303 321 349 357 360 331 355 519
Operating Profit 35 31 57 66 67 80 87 89 90 133 164 158 174
OPM % 14% 11% 16% 15% 15% 21% 21% 20% 20% 27% 33% 31% 25%
5 4 3 -18 29 7 9 9 15 18 23 15 25
Interest 0 0 0 0 0 0 1 0 1 2 6 11 9
Depreciation 2 3 4 4 8 6 7 6 11 14 18 22 23
Profit before tax 37 32 56 45 87 80 87 91 93 135 164 140 167
Tax % 6% 5% 9% -3% 12% 12% 6% 4% 9% 10% 11% 9% 13%
35 31 51 46 77 71 82 87 85 121 146 128 145
EPS in Rs 0.86 0.74 1.23 1.23 1.68 1.68 1.91 2.05 1.96 2.77 3.36 2.93 3.28
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
450 505 635 789 804 786 478 850 1,516 1,677 2,193
420 467 551 629 693 700 437 742 1,293 1,326 1,564
Operating Profit 30 38 84 160 111 86 41 108 223 351 629
OPM % 7% 7% 13% 20% 14% 11% 9% 13% 15% 21% 29%
0 0 3 4 43 -15 19 15 19 40 80
Interest 2 1 7 13 13 4 2 2 3 8 28
Depreciation 5 6 26 40 19 12 9 7 18 31 77
Profit before tax 24 31 53 111 122 55 48 114 220 352 606
Tax % 1% 1% 6% 13% 14% 4% -4% 2% 7% 8% 11%
24 31 50 97 105 52 50 111 204 326 540
EPS in Rs 0.58 0.75 1.22 2.36 2.57 1.28 1.22 2.72 4.89 7.60 12.34
Dividend Payout % 0% 0% 7% 5% 10% 20% 10% 12% 15% 13% 0%
Compounded Sales Growth
10 Years: 17%
5 Years: 23%
3 Years: 37%
TTM: 31%
Compounded Profit Growth
10 Years: 36%
5 Years: 46%
3 Years: 66%
TTM: 63%
Stock Price CAGR
10 Years: %
5 Years: 122%
3 Years: 59%
1 Year: 24%
Return on Equity
10 Years: 29%
5 Years: 29%
3 Years: 32%
Last Year: 35%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 41 41 41
Reserves 73 108 155 250 362 418 450 560 762 1,166 1,690
7 6 95 108 38 1 1 11 7 31 359
13 13 36 101 66 40 38 52 136 378 716
Total Liabilities 103 137 297 470 475 469 498 633 945 1,616 2,806
24 24 78 49 51 41 38 112 234 296 1,363
CWIP 0 0 0 0 3 0 0 0 0 0 11
Investments 2 2 32 28 28 29 24 70 88 116 220
78 111 187 393 393 400 436 451 623 1,205 1,212
Total Assets 103 137 297 470 475 469 498 633 945 1,616 2,806

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
13 36 48 56 133 116 45 185 261 350 829
-11 -7 -115 -27 -66 -107 -22 -172 -238 -260 -1,119
6 -2 84 -2 -87 -54 -9 -12 7 257 158
Net Cash Flow 8 27 17 27 -20 -45 13 2 30 347 -131

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 5 2 34 98 80 52 76 10 8 9 20
Inventory Days
Days Payable
Cash Conversion Cycle 5 2 34 98 80 52 76 10 8 9 20
Working Capital Days 28 36 41 71 64 51 77 9 -1 -2 -2
ROCE % 30% 31% 39% 26% 21% 11% 22% 32% 31% 33%

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.

Documents

Concalls