BLS E-Services Ltd
Incorporated in 2016, BLS-E Services
Ltd provides Digital Services including
E-Governance, Business Correspondent
and allied services[1]
- Market Cap ₹ 1,838 Cr.
- Current Price ₹ 202
- High / Low ₹ 249 / 131
- Stock P/E 74.3
- Book Value ₹ 46.1
- Dividend Yield 0.47 %
- ROCE 9.18 %
- ROE 6.74 %
- 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 66.1% CAGR over last 5 years
Cons
- Stock is trading at 4.36 times its book value
- Company has a low return on equity of 5.34% over last 3 years.
- Earnings include an other income of Rs.17.2 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.
Peer comparison
Information Technology Information Technology IT - Services IT Enabled Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 10 | 21 | 40 | 67 | 70 | |
| 3 | 2 | 19 | 11 | 29 | 46 | 52 | |
| Operating Profit | -2 | -0 | -9 | 10 | 11 | 21 | 18 |
| OPM % | -193% | -11% | -83% | 47% | 27% | 31% | 26% |
| 1 | 2 | 0 | -2 | 3 | 19 | 17 | |
| Interest | 2 | 1 | 1 | 6 | 3 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | -3 | 1 | -9 | 2 | 11 | 37 | 33 |
| Tax % | 0% | 0% | -29% | 36% | 31% | 25% | |
| -3 | 1 | -7 | 1 | 7 | 27 | 25 | |
| EPS in Rs | -2,570.00 | 860.00 | -6,530.00 | 0.15 | 0.80 | 3.02 | 2.73 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 33% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 135% |
| 3 Years: | 86% |
| TTM: | 61% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 66% |
| 3 Years: | 84% |
| TTM: | 67% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -7% |
| 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 | 1 |
| Days Payable | 0 | |||||
| Cash Conversion Cycle | 6,547 | 3,620 | 0 | 31 | 36 | 78 |
| Working Capital Days | 315 | 266 | -51 | -57 | -49 | -37 |
| ROCE % | 7% | -43% | 14% | 5% | 9% |
Documents
Announcements
-
Board Meeting Intimation for Intimation Of Meeting Of Board Of The Company Scheduled To Be Held On November 10, 2025.
17h - Board meeting Nov 10, 2025 to approve unaudited Q2 and H1 results for period ended Sep 30, 2025.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Oct - RTA confirms no dematerialisation/rematerialisation requests received for BLS E-Services quarter ended September 30, 2025.
-
Announcement under Regulation 30 (LODR)-Updates on Acquisition
29 Sep - ZMPL's June 24, 2025 slump-sale acquisition of Sub-K's SBI & HDFC CSPs aborted; banks' approvals not received before Sept 30.
- Closure of Trading Window 24 Sep
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
17 Sep - Voting results of 9th AGM on Sep 15, 2025; Rs1.00 dividend; clerical correction; directors reappointed; resolutions approved.
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