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 ₹ 2,040 Cr.
- Current Price ₹ 224
- High / Low ₹ 233 / 124
- Stock P/E 35.5
- Book Value ₹ 57.5
- Dividend Yield 0.44 %
- ROCE 17.0 %
- ROE 11.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 78.8% CAGR over last 5 years
- Promoter holding has increased by 0.92% over last quarter.
Cons
- Company has a low return on equity of 11.3% over last 3 years.
- Earnings include an other income of Rs.25.0 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
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 | |
|---|---|---|---|---|---|---|
| 64 | 97 | 243 | 301 | 519 | 1,118 | |
| 60 | 90 | 210 | 260 | 459 | 1,043 | |
| Operating Profit | 5 | 7 | 33 | 42 | 60 | 75 |
| OPM % | 7% | 7% | 14% | 14% | 12% | 7% |
| 1 | 2 | 1 | 8 | 26 | 25 | |
| Interest | 2 | 1 | 4 | 1 | 1 | 1 |
| Depreciation | 0 | 1 | 3 | 3 | 6 | 6 |
| Profit before tax | 4 | 7 | 27 | 46 | 79 | 93 |
| Tax % | 20% | 21% | 25% | 27% | 26% | 25% |
| 3 | 5 | 20 | 34 | 59 | 69 | |
| EPS in Rs | 3,150.00 | 5,380.00 | 2.83 | 3.46 | 5.78 | 6.33 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 17% | 16% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 77% |
| 3 Years: | 66% |
| TTM: | 115% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 79% |
| 3 Years: | 41% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 4% |
| 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 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 67 | 91 | 91 | 91 |
| Reserves | 10 | 15 | 40 | 340 | 392 | 432 |
| 11 | 15 | 5 | 7 | 7 | 6 | |
| 20 | 26 | 67 | 71 | 183 | 233 | |
| Total Liabilities | 41 | 56 | 179 | 510 | 672 | 762 |
| 8 | 15 | 88 | 93 | 148 | 180 | |
| CWIP | 0 | 0 | 0 | 0 | 11 | 15 |
| Investments | 0 | 0 | 0 | 15 | 110 | 126 |
| 32 | 41 | 92 | 402 | 404 | 441 | |
| Total Assets | 41 | 56 | 179 | 510 | 672 | 762 |
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/OP | 195% | 315% | 99% | 72% | 120% | 109% |
Ratios
Consolidated Figures in Rs. Crores / 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 | 6 | ||||
| Days Payable | 46 | 683 | ||||
| Cash Conversion Cycle | 50 | 32 | 27 | 8 | -611 | 39 |
| Working Capital Days | -110 | -55 | -58 | -29 | -31 | 28 |
| ROCE % | 31% | 45% | 17% | 16% | 17% |
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