BLS International Services Ltd
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]
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 |
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| Number of Business Correspondents (BCs) Number |
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| Digital Service Touchpoints Number |
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| Net Revenue per Visa Application INR |
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| Digital Service Gross Transaction Value INR Crore |
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| Digital Service Transactions Crore |
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| Global Visa Outsourcing Market Share (Values) % |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
23h - Submitted annual secretarial compliance report for FY ended March 31, 2026; no major non-compliances reported.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - In compliance with Regulation 47 of the SEBI (LODR) Regulations, 2015 (including any statutory modification(s), amendment(s) and re-enactment(s) thereof), we are hereby enclosing copies of …
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Audio Recording Of Earnings Call On Operational And Financial Performance For The Fourth Quarter And Financial Year Ended On March 31, 2026
2d - Audio recording of FY2026 and Q4 earnings call held May 20, 2026 available online.
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Announcement under Regulation 30 (LODR)-Investor Presentation
19 May - Investor Presentation with respect to Audited Consolidated and Standalone Financial Performance of the BLS International Services Limited for the fourth quarter and financial year ended …
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Outcome Of The Meeting Of Nomination And Remuneration Committee Held On Tuesday, May 19, 2026
19 May - NRC approved 1,50,000 ESOPs on May 19, 2026 at Rs.254.70, vesting over 3 years.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Concalls
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May 2026TranscriptPPT REC
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Nov 2025Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Feb 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT
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Oct 2021Transcript PPT
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Jul 2021Transcript PPT
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Jun 2021Transcript PPT
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Feb 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Jul 2020TranscriptAI SummaryPPT
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Jun 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
Business Segments