BLS E-Services Ltd

BLS E-Services Ltd

₹ 197 -0.05%
02 Jul - close price
About

Incorporated in 2016, BLS-E Services
Ltd provides Digital Services including
E-Governance, Business Correspondent
and allied services[1]

Key Points

Business Overview:[1]
a) BLSe is a subsidiary of BLS International Services Ltd.
b) Company provides digital and physical products and services in the G2C, B2C, B2B categories in semi-urban, rural and remote areas
c) In FY24, company has ~1.21+ Lac Touchpoints, BLS stores ~1,000+, Business Correspondents ~29,700+, Bank Tie-ups (for Business Corspndt.) ~16, and ~130+Million Transactions

  • Market Cap 1,792 Cr.
  • Current Price 197
  • High / Low 268 / 131
  • Stock P/E 65.3
  • Book Value 46.1
  • Dividend Yield 0.00 %
  • ROCE 9.18 %
  • ROE 6.76 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 66.2% CAGR over last 5 years

Cons

  • Stock is trading at 4.28 times its book value
  • Company has a low return on equity of 5.35% over last 3 years.
  • Earnings include an other income of Rs.19.0 Cr.
  • Debtor days have increased from 47.9 to 76.7 days.

* 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
3.81 10.76 7.72 10.13 8.21 13.61 11.68 18.08 21.37 15.69
2.99 2.79 7.23 7.39 6.52 7.97 7.54 11.34 11.58 15.84
Operating Profit 0.82 7.97 0.49 2.74 1.69 5.64 4.14 6.74 9.79 -0.15
OPM % 21.52% 74.07% 6.35% 27.05% 20.58% 41.44% 35.45% 37.28% 45.81% -0.96%
-24.58 22.02 0.00 0.01 0.06 3.37 5.51 5.50 4.53 3.49
Interest 1.57 1.22 0.77 0.79 0.78 0.93 0.71 0.67 0.55 0.25
Depreciation 0.00 0.01 0.05 0.04 0.05 0.07 0.11 0.17 0.19 0.21
Profit before tax -25.33 28.76 -0.33 1.92 0.92 8.01 8.83 11.40 13.58 2.88
Tax % -25.19% 25.76% 203.03% 20.83% 23.91% 24.59% 25.37% 25.09% 25.26% 25.35%
-18.96 21.35 -1.00 1.52 0.70 6.04 6.59 8.54 10.15 2.16
EPS in Rs -2.84 3.20 -0.15 0.23 0.10 0.66 0.73 0.94 1.12 0.24
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1 2 10 21 40 67
3 2 19 11 29 46
Operating Profit -2 -0 -9 10 11 21
OPM % -193% -11% -83% 47% 27% 31%
1 2 0 -2 3 19
Interest 2 1 1 6 3 2
Depreciation 0 0 0 0 0 1
Profit before tax -3 1 -9 2 11 37
Tax % 0% 0% -29% 36% 31% 25%
-3 1 -7 1 7 27
EPS in Rs -2,570.00 860.00 -6,530.00 0.15 0.80 3.02
Dividend Payout % 0% 0% 0% 0% 0% 33%
Compounded Sales Growth
10 Years: %
5 Years: 135%
3 Years: 86%
TTM: 68%
Compounded Profit Growth
10 Years: %
5 Years: 66%
3 Years: 84%
TTM: 281%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -22%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 5%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.01 0.01 0.01 67 91 91
Reserves 13 14 8 26 302 328
12 11 7 35 32 4
6 7 5 12 17 27
Total Liabilities 31 32 20 139 442 450
0 0 0 0 1 1
CWIP 0 0 0 0 0 11
Investments 12 13 13 131 131 221
19 20 7 8 310 217
Total Assets 31 32 20 139 442 450

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
7 2 9 12 4 9
-3 -0 -0 -118 -287 26
-8 -1 -9 107 288 -33
Net Cash Flow -4 0 0 1 5 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 6,547 3,620 0 31 36 77
Inventory Days 0 0 0 0 0
Days Payable
Cash Conversion Cycle 6,547 3,620 0 31 36 77
Working Capital Days 5,098 2,632 -51 -57 -47 5
ROCE % 7% -43% 14% 5% 9%

Shareholding Pattern

Numbers in percentages

Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
68.89% 68.89% 68.89% 68.89% 68.89%
9.27% 5.69% 1.42% 0.78% 0.41%
0.01% 0.01% 0.01% 0.01% 0.02%
21.83% 25.40% 29.68% 30.31% 30.67%
No. of Shareholders 73,19075,00187,91291,93993,861

* 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