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 ₹ 10,318 Cr.
- Current Price ₹ 251
- High / Low ₹ 302 / 135
- Stock P/E 43.2
- Book Value ₹ 19.5
- Dividend Yield 0.30 %
- ROCE 31.6 %
- ROE 29.5 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Stock is trading at 12.8 times its book value
- Promoter holding has decreased over last quarter: -2.73%
- Tax rate seems low
* 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 | 1,627 | |
420 | 467 | 551 | 629 | 693 | 700 | 437 | 742 | 1,293 | 1,357 | |
Operating Profit | 30 | 38 | 84 | 160 | 111 | 86 | 41 | 108 | 223 | 270 |
OPM % | 7% | 7% | 13% | 20% | 14% | 11% | 9% | 13% | 15% | 17% |
0 | 0 | 3 | 4 | 43 | -15 | 19 | 15 | 19 | 22 | |
Interest | 2 | 1 | 7 | 13 | 13 | 4 | 2 | 2 | 3 | 1 |
Depreciation | 5 | 6 | 26 | 40 | 19 | 12 | 9 | 7 | 18 | 22 |
Profit before tax | 24 | 31 | 53 | 111 | 122 | 55 | 48 | 114 | 220 | 268 |
Tax % | 1% | 1% | 6% | 13% | 14% | 4% | -4% | 2% | 7% | |
24 | 31 | 50 | 97 | 105 | 52 | 50 | 111 | 204 | 245 | |
EPS in Rs | 0.58 | 0.75 | 1.22 | 2.36 | 2.57 | 1.28 | 1.22 | 2.72 | 4.89 | 5.82 |
Dividend Payout % | 0% | 0% | 7% | 5% | 10% | 20% | 10% | 12% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 24% |
TTM: | 72% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 38% |
TTM: | 97% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 49% |
3 Years: | 123% |
1 Year: | 84% |
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 | |
---|---|---|---|---|---|---|---|---|---|
10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 41 | |
Reserves | 73 | 108 | 155 | 250 | 362 | 418 | 450 | 560 | 762 |
7 | 6 | 95 | 108 | 38 | 1 | 1 | 11 | 7 | |
13 | 13 | 36 | 101 | 66 | 40 | 38 | 52 | 136 | |
Total Liabilities | 103 | 137 | 297 | 470 | 475 | 469 | 498 | 633 | 945 |
24 | 24 | 78 | 49 | 51 | 41 | 38 | 112 | 234 | |
CWIP | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 |
Investments | 2 | 2 | 32 | 28 | 28 | 29 | 24 | 70 | 88 |
78 | 111 | 187 | 393 | 393 | 400 | 436 | 451 | 623 | |
Total Assets | 103 | 137 | 297 | 470 | 475 | 469 | 498 | 633 | 945 |
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
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Of Companies act 2013 read with Rule 6 of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 has issued a …
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 22 Sep
- Shareholder Meeting / Postal Ballot-Outcome of AGM 21 Sep
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
21 Sep - Impact following latest announcement in canada New Delhi September 21, 2023: Due to operation reasons, with immediate effect i.e., September 21, 2023, India visa services …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
12 Sep - The Management of the Company will meet with the following Analysts/Investors on 18th September 2023, the details are given below: Name 1 White Oak Capital …
Annual reports
Concalls
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Nov 2022Transcript PPT
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Oct 2021Transcript PPT
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Jun 2021Transcript PPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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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.