BLS E-Services Ltd

BLS E-Services Ltd

₹ 213 -1.73%
22 May 9:38 a.m.
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 1,935 Cr.
  • Current Price 213
  • High / Low 291 / 131
  • Stock P/E 36.8
  • Book Value 53.1
  • Dividend Yield 0.00 %
  • ROCE 16.5 %
  • ROE 11.5 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 13.2% over last 3 years.
  • Earnings include an other income of Rs.25.7 Cr.
  • Debtor days have increased from 41.2 to 65.7 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
69 73 75 81 72 74 75 77 128 239
60 61 67 69 61 63 64 64 112 220
Operating Profit 9 12 9 12 10 11 12 14 16 19
OPM % 13% 17% 11% 15% 14% 15% 16% 18% 12% 8%
-24 23 1 1 1 5 7 7 5 6
Interest 1 0 0 0 0 0 0 0 0 0
Depreciation 0 1 1 1 1 1 1 1 2 2
Profit before tax -16 34 9 12 11 14 17 19 19 23
Tax % -26% 25% 35% 25% 24% 24% 27% 23% 27% 26%
-12 25 6 9 8 11 13 15 14 17
EPS in Rs -1.88 3.73 0.77 1.27 1.12 1.13 1.32 1.58 1.44 1.45
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
64 97 243 301 519
60 90 210 260 459
Operating Profit 5 7 33 42 60
OPM % 7% 7% 14% 14% 12%
1 2 1 8 26
Interest 2 1 4 1 1
Depreciation 0 1 3 3 6
Profit before tax 4 7 27 46 79
Tax % 20% 21% 25% 27% 26%
3 5 20 34 59
EPS in Rs 3,150.00 5,380.00 2.83 3.46 5.78
Dividend Payout % 0% 0% 0% 0% 17%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 75%
TTM: 72%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 114%
TTM: 68%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -21%
Return on Equity
10 Years: %
5 Years: %
3 Years: 13%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.01 0.01 67 91 91
Reserves 10 15 40 340 392
11 15 5 7 7
20 26 67 71 183
Total Liabilities 41 56 179 510 672
8 15 88 93 148
CWIP 0 0 0 0 11
Investments 0 0 0 15 110
32 41 92 402 404
Total Assets 41 56 179 510 672

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
9 20 29 20 67
-1 -14 -66 -295 -23
-5 -8 46 290 -4
Net Cash Flow 3 -1 10 15 40

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 50 32 27 30 66
Inventory Days 23
Days Payable 46
Cash Conversion Cycle 50 32 27 8 66
Working Capital Days -47 -46 -56 -27 49
ROCE % 31% 45% 17% 16%

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.

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