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 ₹ 2,615 Cr.
- Current Price ₹ 144
- High / Low ₹ 170 / 62.1
- Stock P/E 43.5
- Book Value ₹ 30.4
- Dividend Yield 0.35 %
- ROCE 16.4 %
- ROE 10.7 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 76.4% CAGR over last 5 years
Cons
- Company has a low return on equity of 11.2% over last 3 years.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 64 | 97 | 243 | 301 | 519 | 1,118 | 1,333 | |
| Sales growth | +50% | +151% | +24% | +72% | +115% | +51% | |
| 60 | 90 | 210 | 260 | 459 | 1,043 | 1,245 | |
| Operating Profit | 5 | 7 | 33 | 42 | 60 | 75 | 87 |
| OPM % | 7% | 7% | 14% | 14% | 12% | 7% | 7% |
| 1 | 2 | 1 | 8 | 26 | 25 | 21 | |
| Interest | 2 | 1 | 4 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 1 | 3 | 3 | 6 | 6 | 11 |
| Profit before tax | 4 | 7 | 27 | 46 | 79 | 93 | 97 |
| Tax % | 20% | 21% | 25% | 27% | 26% | 25% | |
| 3 | 5 | 20 | 34 | 59 | 69 | 73 | |
| EPS in Rs | 1.41 | 1.73 | 2.89 | 3.16 | 3.31 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 17% | 16% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 77% |
| 3 Years: | 66% |
| TTM: | 51% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 76% |
| 3 Years: | 38% |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 39% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 11% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 67 | 91 | 91 | 91 | 91 |
| Reserves | 10 | 15 | 40 | 340 | 392 | 432 | 462 |
| 11 | 15 | 5 | 7 | 7 | 6 | 8 | |
| 20 | 26 | 67 | 71 | 214 | 233 | 312 | |
| Total Liabilities | 41 | 56 | 179 | 510 | 704 | 762 | 872 |
| 8 | 15 | 88 | 93 | 179 | 180 | 313 | |
| CWIP | 0 | 0 | 0 | 0 | 11 | 15 | 17 |
| Investments | 0 | 0 | 0 | 15 | 110 | 126 | 174 |
| 32 | 41 | 92 | 402 | 404 | 441 | 368 | |
| Total Assets | 41 | 56 | 179 | 510 | 704 | 762 | 872 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 9 | 20 | 29 | 20 | 67 | 51 | |
| -1 | -14 | -66 | -295 | -23 | -14 | |
| -5 | -8 | 46 | 290 | -4 | -19 | |
| Net Cash Flow | 3 | -1 | 10 | 15 | 40 | 17 |
| Free Cash Flow | 9 | 12 | 28 | 15 | 54 | 42 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 195% | 315% | 99% | 72% | 120% | 109% |
Ratios
Consolidated / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 50 | 32 | 27 | 30 | 66 | 39 |
| Inventory Days | 23 | |||||
| Days Payable | 46 | |||||
| Cash Conversion Cycle | 50 | 32 | 27 | 8 | 66 | 39 |
| Working Capital Days | -110 | -55 | -58 | -29 | -53 | -14 |
| ROCE % | 31% | 45% | 17% | 16% | 16% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Common Service Centres (CSCs) count ・Standalone data |
|
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| Number of Business Correspondents (BCs/CSPs) count |
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| Number of Transactions (BC Business) Million |
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| Bank/NBFC Tie-ups count |
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| Number of Touchpoints (BLS Touchpoints) count |
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| Gross Transaction Value (GTV) Rs. Crores |
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| Loan Lead Generation Value Rs. Crores |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- CRISIL monitoring report for Q2 FY27 shows IPO proceeds used; no deviation reported.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- A transcript of the Earnings Call held on Wednesday, November 4, 2026 to discuss the operational and financial performance of the Company for the quarter …
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q2 and H1 FY2026 earnings call held November 4, 2026 posted online.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Copies of Newspapaer Publication of Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- BLS E-Services reported Q2 FY27 total income of Rs. 428 crore, up 55.1% YoY.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
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