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 ₹ 2,039 Cr.
- Current Price ₹ 224
- High / Low ₹ 233 / 124
- Stock P/E 117
- Book Value ₹ 46.6
- Dividend Yield 0.44 %
- ROCE 5.53 %
- ROE 4.15 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 82.6% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 28.4%
- Debtor days have improved from 49.7 to 36.1 days.
- Promoter holding has increased by 0.92% over last quarter.
Cons
- Stock is trading at 4.84 times its book value
- Company has a low return on equity of 4.87% over last 3 years.
- Earnings include an other income of Rs.13.4 Cr.
* 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
Part of BSE Information Technology
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 10 | 21 | 40 | 67 | 87 | |
| 3 | 2 | 19 | 11 | 29 | 46 | 76 | |
| Operating Profit | -2 | -0 | -9 | 10 | 11 | 21 | 11 |
| OPM % | -193% | -11% | -83% | 47% | 27% | 31% | 13% |
| 1 | 2 | 0 | -2 | 3 | 19 | 13 | |
| Interest | 2 | 1 | 1 | 6 | 3 | 2 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | -3 | 1 | -9 | 2 | 11 | 37 | 24 |
| Tax % | 0% | 0% | -29% | 36% | 31% | 25% | 26% |
| -3 | 1 | -7 | 1 | 7 | 27 | 17 | |
| EPS in Rs | -2,570.00 | 860.00 | -6,530.00 | 0.15 | 0.80 | 3.02 | 1.92 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 33% | 52% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 120% |
| 3 Years: | 62% |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 83% |
| 3 Years: | 87% |
| TTM: | -36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 5% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 67 | 91 | 91 | 91 |
| Reserves | 13 | 14 | 8 | 26 | 302 | 328 | 332 |
| 12 | 11 | 7 | 35 | 32 | 4 | 11 | |
| 6 | 7 | 5 | 12 | 17 | 27 | 37 | |
| Total Liabilities | 31 | 32 | 20 | 139 | 442 | 450 | 470 |
| 0 | 0 | 0 | 0 | 1 | 1 | 4 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 11 | 15 |
| Investments | 12 | 13 | 13 | 131 | 131 | 221 | 245 |
| 19 | 20 | 7 | 8 | 310 | 217 | 207 | |
| Total Assets | 31 | 32 | 20 | 139 | 442 | 450 | 470 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 7 | 2 | 9 | 12 | 4 | 9 | 10 | |
| -3 | -0 | -0 | -118 | -287 | 26 | 2 | |
| -8 | -1 | -9 | 107 | 288 | -33 | -9 | |
| Net Cash Flow | -4 | 0 | 0 | 1 | 5 | 2 | 3 |
| Free Cash Flow | 7 | 2 | 9 | 12 | 4 | -2 | 3 |
| CFO/OP | -452% | -1,021% | -105% | 132% | 52% | 91% | 157% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 6,547 | 3,620 | 0 | 31 | 36 | 77 | 36 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 1 | |
| Days Payable | 0 | ||||||
| Cash Conversion Cycle | 6,547 | 3,620 | 0 | 31 | 36 | 78 | 36 |
| Working Capital Days | 315 | 266 | -51 | -57 | -49 | -37 | -47 |
| ROCE % | 7% | -43% | 14% | 5% | 9% | 6% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Number of Bank/NBFC Tie-ups Number |
|
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| Number of BLS Stores Number |
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| Number of Business Correspondents (CSPs) Number |
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| Number of touchpoints Number |
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| Number of Transactions Crores |
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| Gross Transaction Value (GTV) INR Crores |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
25 May - Filed Annual Secretarial Compliance Report for FY2026; company complied with SEBI regulations.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20 May - 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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Announcement under Regulation 30 (LODR)-Change in Management
18 May - FY26 audited results approved; 5% final dividend; Atyati acquisition revised to Rs 156.82 crore by July 31, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
18 May - BLS E-Services reported FY26 income of Rs 1,142.8 crore, PAT Rs 69.3 crore, and Rs 0.5 final dividend.
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Announcement under Regulation 30 (LODR)-Investor Presentation
18 May - An Investor Presentation with respect to Audited financial results of the Company for the fourth quarter and year ended March 31, 2026.
Concalls
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May 2026TranscriptAI SummaryPPT
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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