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 ₹ 13,318 Cr.
- Current Price ₹ 323
- High / Low ₹ 430 / 166
- Stock P/E 46.9
- Book Value ₹ 23.1
- Dividend Yield 0.24 %
- ROCE 31.6 %
- ROE 29.5 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Stock is trading at 13.9 times its book value
- Tax rate seems low
- Promoter holding has decreased over last 3 years: -3.07%
* 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.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
450 | 505 | 635 | 789 | 804 | 786 | 478 | 850 | 1,516 | 1,678 | |
420 | 467 | 551 | 629 | 693 | 700 | 437 | 742 | 1,293 | 1,356 | |
Operating Profit | 30 | 38 | 84 | 160 | 111 | 86 | 41 | 108 | 223 | 322 |
OPM % | 7% | 7% | 13% | 20% | 14% | 11% | 9% | 13% | 15% | 19% |
0 | 0 | 3 | 4 | 43 | -15 | 19 | 15 | 19 | 54 | |
Interest | 2 | 1 | 7 | 13 | 13 | 4 | 2 | 2 | 3 | 2 |
Depreciation | 5 | 6 | 26 | 40 | 19 | 12 | 9 | 7 | 18 | 28 |
Profit before tax | 24 | 31 | 53 | 111 | 122 | 55 | 48 | 114 | 220 | 346 |
Tax % | 1% | 1% | 6% | 13% | 14% | 4% | -4% | 2% | 7% | |
24 | 31 | 50 | 97 | 105 | 52 | 50 | 111 | 204 | 317 | |
EPS in Rs | 0.58 | 0.75 | 1.22 | 2.36 | 2.57 | 1.28 | 1.22 | 2.72 | 4.89 | 7.32 |
Dividend Payout % | 0% | 0% | 7% | 5% | 10% | 20% | 10% | 12% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 24% |
TTM: | 27% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 38% |
TTM: | 54% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 59% |
3 Years: | 146% |
1 Year: | 95% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 22% |
3 Years: | 22% |
Last Year: | 30% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 41 | 41 |
Reserves | 73 | 108 | 155 | 250 | 362 | 418 | 450 | 560 | 762 | 911 |
7 | 6 | 95 | 108 | 38 | 1 | 1 | 11 | 7 | 22 | |
13 | 13 | 36 | 101 | 66 | 40 | 38 | 52 | 136 | 196 | |
Total Liabilities | 103 | 137 | 297 | 470 | 475 | 469 | 498 | 633 | 945 | 1,170 |
24 | 24 | 78 | 49 | 51 | 41 | 38 | 112 | 234 | 258 | |
CWIP | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 |
Investments | 2 | 2 | 32 | 28 | 28 | 29 | 24 | 70 | 88 | 92 |
78 | 111 | 187 | 393 | 393 | 400 | 436 | 451 | 623 | 820 | |
Total Assets | 103 | 137 | 297 | 470 | 475 | 469 | 498 | 633 | 945 | 1,170 |
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 | |
---|---|---|---|---|---|---|---|---|---|
13 | 36 | 48 | 56 | 133 | 116 | 45 | 185 | 261 | |
-11 | -7 | -115 | -27 | -66 | -107 | -22 | -172 | -238 | |
6 | -2 | 84 | -2 | -87 | -54 | -9 | -12 | 7 | |
Net Cash Flow | 8 | 27 | 17 | 27 | -20 | -45 | 13 | 2 | 30 |
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 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 5 | 2 | 34 | 98 | 80 | 52 | 76 | 10 | 8 |
Inventory Days | |||||||||
Days Payable | |||||||||
Cash Conversion Cycle | 5 | 2 | 34 | 98 | 80 | 52 | 76 | 10 | 8 |
Working Capital Days | 28 | 36 | 41 | 71 | 64 | 51 | 77 | 9 | -1 |
ROCE % | 30% | 31% | 39% | 26% | 21% | 11% | 22% | 32% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 1d
- Certificate Under Regulation 40(9) Of SEBI (LODR) Regulation 2019 For The Year Ended March 31, 2024. 15 Apr
- Compliance Certificate For The Period Ended March 31, 2024 8 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Compliance certificate dated April 05, 2024 for the fourth quarter ended March 31, 2024 received from RTA of the company i.e. Beetal Financial and Computer …
-
Announcement under Regulation 30 (LODR)-Credit Rating
4 Apr - Reg 30 of SEBI LODR, we are enclosing herewith the CRISIL credit rating rationale letter dated April 03, 2024 received by the Company from CRISIL …
Annual reports
Concalls
-
Feb 2024Transcript PPT
-
Feb 2024TranscriptNotesPPT
-
Feb 2024TranscriptNotesPPT
-
Feb 2024TranscriptNotesPPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022Transcript PPT
-
May 2022Transcript PPT
-
Feb 2022Transcript PPT
-
Oct 2021Transcript PPT
-
Jul 2021Transcript PPT
-
Jun 2021Transcript PPT
-
Feb 2021TranscriptNotesPPT
-
Nov 2020TranscriptNotesPPT
-
Jul 2020TranscriptNotesPPT
-
Jun 2020TranscriptNotesPPT
-
Feb 2020TranscriptNotesPPT
-
Nov 2019TranscriptNotesPPT
Journey
2005-2010 - Started Visa processing services in niche, untapped market.
2011-2015 - Added seven Indian missions abroad including the prestigious and high volume locations of US and Canada.
2016-17 - Got listed on NSE and BSE and it is the only Indian origin visa outsourcing company in the listed space.
After 2018 - Expanded operations in 11 more cities for attestation services.
It also commenced operations for the Embassy of Vietnam and Lebanon in India.[1]
The group serves 20 Indian diplomatic missions in various geographies.