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BLS E-Services

₹277.8 -0.4 | 0.1%

Market Cap ₹2524 Cr.

Stock P/E 67.7

P/B 5.9

Current Price ₹277.8

Book Value ₹ 47.5

Face Value 10

52W High ₹423

Dividend Yield 0%

52W Low ₹ 258.7

BLS E-Services Research see more...

Overview Inc. Year: 2016Industry: Professional Services

BLS E-Services Limited (BESL) is a technology-enabled digital service provider that offers various services to the citizens at the grassroots level in India. It provides business correspondent services to major banks in India along with assisted e-services such as recharges, bill payments, travel bookings, e-commerce, etc. Also, e-governance services such as passport and visa applications, PAN and Aadhaar registrations, Ayushman Bharat cards, etc. The company was incorporated in 2016 and has a network of over 92,000 touchpoints across 28 states and 5 union territories in India. The company’s vision is to deliver informed and convenient services connected by its technology, partnerships and human touch. The company leverages its technology, partnerships and human touch to connect a billion lives with informed and convenient services. BESL has received recognition and awards for its excellence and innovation.

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BLS E-Services Share Price

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BLS E-Services Quarterly Results

#(Fig in Cr.) Dec 2022 Mar 2023 Dec 2023 Mar 2024
Net Sales 69 73 72 74
Other Income 1 1 1 5
Total Income 70 74 73 79
Total Expenditure 60 61 61 63
Operating Profit 10 13 11 16
Interest 1 0 0 0
Depreciation 1 1 1 1
Exceptional Income / Expenses -25 22 0 0
Profit Before Tax -16 34 11 14
Provision for Tax -4 8 3 4
Profit After Tax -12 25 8 11
Adjustments -0 -0 -0 -1
Profit After Adjustments -13 25 7 10
Adjusted Earnings Per Share -1.9 3.7 1.1 1.1

BLS E-Services Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 64 97 243 288
Other Income 1 2 3 8
Total Income 65 98 246 296
Total Expenditure 60 90 210 245
Operating Profit 5 9 36 50
Interest 1 1 4 1
Depreciation 0 1 3 4
Exceptional Income / Expenses 0 0 -3 -3
Profit Before Tax 4 7 27 43
Provision for Tax 1 1 7 11
Profit After Tax 3 5 20 32
Adjustments 0 0 -1 -1
Profit After Adjustments 3 5 19 29
Adjusted Earnings Per Share 1 1.8 2.8 4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 151% 0% 0% 0%
Operating Profit CAGR 300% 0% 0% 0%
PAT CAGR 300% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 36% 130% 130% 130%
ROCE Average 47% 36% 36% 36%

BLS E-Services Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 10 15 107
Minority's Interest 0 0 5
Borrowings 0 7 0
Other Non-Current Liabilities -2 3 1
Total Current Liabilities 31 28 64
Total Liabilities 38 53 177
Fixed Assets 8 15 88
Other Non-Current Assets 9 12 19
Total Current Assets 21 27 70
Total Assets 38 53 177

BLS E-Services Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 4 7 6
Cash Flow from Operating Activities 9 20 29
Cash Flow from Investing Activities -1 -14 -66
Cash Flow from Financing Activities -5 -8 46
Net Cash Inflow / Outflow 3 -1 10
Closing Cash & Cash Equivalent 7 6 16

BLS E-Services Ratios

# Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 1.05 1.79 2.83
CEPS(Rs) 1.07 2.06 3.46
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 0.47 2.26 16.03
Core EBITDA Margin(%) 7.36 7.2 13.63
EBIT Margin(%) 8.41 8.1 12.74
Pre Tax Margin(%) 6.08 7.01 11.1
PAT Margin (%) 4.88 5.56 8.36
Cash Profit Margin (%) 5 6.41 9.51
ROA(%) 8.27 11.8 17.69
ROE(%) 223.91 131.21 35.75
ROCE(%) 26.2 35.2 47.37
Receivable days 50.07 32.82 20.1
Inventory Days 0 0 0.84
Payable days 14.02 27.45 11.79
PER(x) 0 0 0
Price/Book(x) 0 0 0
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 0.03 -0.05 0.09
EV/Core EBITDA(x) 0.31 -0.56 0.59
Net Sales Growth(%) 0 49.95 151.36
EBIT Growth(%) 0 44.53 295.29
PAT Growth(%) 0 70.88 277.94
EPS Growth(%) 0 70.88 58.05
Debt/Equity(x) 7.83 1.29 0
Current Ratio(x) 0.67 0.96 1.1
Quick Ratio(x) 0.67 0.96 1.09
Interest Cover(x) 3.62 7.41 7.76
Total Debt/Mcap(x) 0 0 0

BLS E-Services Shareholding Pattern

# Mar 2024
Promoter 68.89
FII 9.27
DII 0.01
Public 21.84
Others 0
Total 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 130%
  • Debtor days have improved from 27.45 to 11.79days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 5.9 times its book value.

* 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.

BLS E-Services News

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