BLS International Services Ltd

BLS International Services Ltd

₹ 268 -0.35%
22 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 11,022 Cr.
  • Current Price 268
  • High / Low 422 / 218
  • Stock P/E 16.0
  • Book Value 59.8
  • Dividend Yield 0.75 %
  • ROCE 29.3 %
  • ROE 32.7 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 68.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.9%
  • Company's median sales growth is 25.0% of last 10 years

Cons

  • Tax rate seems low
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
449 383 408 438 448 493 495 513 693 711 737 736 815
382 303 321 349 357 360 331 355 519 506 524 538 611
Operating Profit 67 80 87 89 90 133 164 158 174 204 213 198 204
OPM % 15% 21% 21% 20% 20% 27% 33% 31% 25% 29% 29% 27% 25%
29 7 9 9 15 18 23 15 25 25 19 21 30
Interest 0 0 1 0 1 2 6 11 9 6 6 5 6
Depreciation 8 6 7 6 11 14 18 22 23 23 23 23 25
Profit before tax 87 80 87 91 93 135 164 140 167 200 203 191 204
Tax % 12% 12% 6% 4% 9% 10% 11% 9% 13% 10% 8% 11% 8%
77 71 82 87 85 121 146 128 145 181 186 170 187
EPS in Rs 1.68 1.68 1.91 2.05 1.96 2.77 3.36 2.93 3.28 4.15 4.26 3.95 4.32
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 Mar 2026
450 505 635 789 804 786 478 850 1,516 1,677 2,193 2,998
420 467 551 629 693 700 437 742 1,293 1,326 1,545 2,179
Operating Profit 30 38 84 160 111 86 41 108 223 351 649 819
OPM % 7% 7% 13% 20% 14% 11% 9% 13% 15% 21% 30% 27%
0 0 3 4 43 -15 19 15 19 40 80 95
Interest 2 1 7 13 13 4 2 2 3 8 47 23
Depreciation 5 6 26 40 19 12 9 7 18 31 77 94
Profit before tax 24 31 53 111 122 55 48 114 220 352 606 797
Tax % 1% 1% 6% 13% 14% 4% -4% 2% 7% 8% 11% 9%
24 31 50 97 105 52 50 111 204 326 540 724
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 16.68
Dividend Payout % -0% -0% 7% 5% 10% 20% 10% 12% 15% 13% 8% 3%
Compounded Sales Growth
10 Years: 20%
5 Years: 44%
3 Years: 26%
TTM: 37%
Compounded Profit Growth
10 Years: 36%
5 Years: 69%
3 Years: 50%
TTM: 36%
Stock Price CAGR
10 Years: %
5 Years: 57%
3 Years: 16%
1 Year: -33%
Return on Equity
10 Years: 30%
5 Years: 31%
3 Years: 33%
Last Year: 33%

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 Mar 2026
Equity Capital 10 10 10 10 10 10 10 10 41 41 41 41
Reserves 73 108 155 250 362 418 450 560 762 1,166 1,690 2,422
7 6 95 108 38 1 1 11 7 31 359 431
13 13 36 101 66 40 38 52 136 378 714 876
Total Liabilities 103 137 297 470 475 469 498 633 945 1,616 2,804 3,770
24 24 78 49 51 41 38 112 234 296 1,363 1,721
CWIP -0 -0 -0 -0 3 -0 -0 -0 -0 -0 11 2
Investments 2 2 32 28 28 29 24 70 88 116 220 352
78 111 187 393 393 400 436 451 623 1,205 1,210 1,696
Total Assets 103 137 297 470 475 469 498 633 945 1,616 2,804 3,770

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 Mar 2026
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
Free Cash Flow 7 31 -33 45 150 116 40 103 193 286 668
CFO/OP 45% 96% 60% 37% 141% 153% 111% 178% 125% 105% 139%

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 Mar 2026
Debtor Days 5 2 34 98 80 52 76 10 8 9 20 21
Inventory Days
Days Payable
Cash Conversion Cycle 5 2 34 98 80 52 76 10 8 9 20 21
Working Capital Days 28 36 20 46 51 51 77 7 -2 -4 -42 2
ROCE % 30% 31% 39% 26% 21% 11% 22% 32% 31% 34% 29%

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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