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BLS Internatl.Serv Overview

BLS International Services Ltd is an totally India-based business enterprise, which offers outsourcing of visa, passport and attestation services to the consumer governments across the world. The Company gives visa and passport, and consular services in Austria, China, Hong Kong, Malaysia, Norway, Philippines, Poland, Lithuania, South Africa, Spain, Canada, Oman, Russia, Singapore and the United Arab Emirates (UAE). The Company also gives visa and passport, and consular offerings in Kenya, India, Azerbaijan and Bangladesh. Its e-governance serv...Read More

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BLS Internatl.Serv Key Financials

Market Cap ₹12223 Cr.

Stock P/E 22.6

P/B 5.3

Current Price ₹296.9

Book Value ₹ 55.9

Face Value 1

52W High ₹421.9

Dividend Yield 0.34%

52W Low ₹ 218.5

BLS Internatl.Serv Share Price

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Volume
Price

BLS Internatl.Serv Quarterly Price

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BLS Internatl.Serv Peer Comparison

BLS Internatl.Serv Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 408 438 448 493 495 513 693 711 737 736
Other Income 9 9 15 18 23 15 25 25 19 21
Total Income 416 447 463 510 518 528 718 736 755 757
Total Expenditure 321 349 357 360 331 355 519 506 524 538
Operating Profit 95 98 105 151 187 173 199 229 231 219
Interest 1 1 1 2 6 11 9 6 6 5
Depreciation 7 6 11 14 18 22 23 23 23 23
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 87 91 93 135 164 140 167 200 203 191
Provision for Tax 5 4 8 14 18 12 21 19 17 20
Profit After Tax 82 87 85 121 146 128 145 181 186 170
Adjustments -3 -3 -5 -7 -8 -7 -10 -10 -10 -8
Profit After Adjustments 79 85 81 114 138 121 135 171 175 163
Adjusted Earnings Per Share 1.9 2.1 2 2.8 3.4 2.9 3.3 4.2 4.3 4

BLS Internatl.Serv Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 450 505 635 789 804 786 478 850 1516 1677 2193 2877
Other Income 0 1 3 4 43 13 19 15 21 40 81 90
Total Income 450 505 637 793 846 799 497 865 1537 1717 2274 2966
Total Expenditure 420 467 551 629 693 701 438 742 1293 1326 1545 2087
Operating Profit 31 38 87 164 154 98 60 123 244 391 729 878
Interest 2 1 7 13 13 4 2 2 3 8 47 26
Depreciation 5 6 26 40 19 12 9 7 18 31 77 92
Exceptional Income / Expenses 0 0 0 0 0 -28 0 0 -3 0 0 0
Profit Before Tax 24 31 53 111 122 55 48 114 220 352 606 761
Provision for Tax 0 0 3 14 17 2 -2 3 16 26 66 77
Profit After Tax 24 31 50 97 105 52 50 111 204 326 540 682
Adjustments 0 -0 -0 -0 0 0 -0 0 -4 -13 -31 -38
Profit After Adjustments 24 31 50 97 105 52 50 111 201 313 508 644
Adjusted Earnings Per Share 0.6 0.8 1.2 2.4 2.6 1.3 1.2 2.7 4.9 7.6 12.3 15.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 31% 37% 23% 17%
Operating Profit CAGR 86% 81% 49% 37%
PAT CAGR 66% 69% 60% 37%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -23% 21% 69% NA%
ROE Average 37% 33% 26% 29%
ROCE Average 42% 37% 29% 30%

BLS Internatl.Serv Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 83 119 166 261 372 428 460 570 803 1208 1731
Minority's Interest 0 0 0 0 0 -0 0 0 34 234 288
Borrowings 6 4 49 39 1 0 0 0 0 0 180
Other Non-Current Liabilities 1 1 2 -2 2 -3 -3 0 0 28 108
Total Current Liabilities 13 13 81 169 100 38 35 54 100 145 489
Total Liabilities 104 137 297 467 475 464 491 625 938 1614 2795
Fixed Assets 24 24 78 49 51 41 38 112 234 296 1363
Other Non-Current Assets 16 2 33 30 37 36 41 117 135 204 289
Total Current Assets 64 111 186 387 386 387 413 395 569 1114 1142
Total Assets 104 137 297 467 475 464 491 625 938 1614 2795

BLS Internatl.Serv Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 8 16 43 60 87 67 22 35 37 67 414
Cash Flow from Operating Activities 13 36 48 56 133 116 45 185 261 350 829
Cash Flow from Investing Activities -11 -7 -115 -27 -69 -107 -22 -172 -238 -260 -1119
Cash Flow from Financing Activities 6 -2 84 -2 -87 -54 -9 -12 7 257 158
Net Cash Inflow / Outflow 8 27 17 27 -23 -45 13 2 30 347 -131
Closing Cash & Cash Equivalent 16 43 60 87 67 22 35 37 67 414 283

BLS Internatl.Serv Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.58 0.75 1.22 2.36 2.57 1.28 1.22 2.72 4.89 7.6 12.34
CEPS(Rs) 0.7 0.89 1.86 3.32 3.03 1.57 1.46 2.89 5.42 8.66 14.97
DPS(Rs) 0 0 0.35 0.5 1 1 0.5 1.25 0.75 1 1
Book NAV/Share(Rs) 2.04 2.9 4.04 6.36 9.08 10.46 11.22 13.9 19.54 29.26 41.66
Core EBITDA Margin(%) 6.75 7.46 13.25 20.25 13.82 10.87 8.54 12.72 14.7 20.91 29.56
EBIT Margin(%) 5.7 6.46 9.56 15.75 16.75 7.43 10.47 13.62 14.71 21.45 29.74
Pre Tax Margin(%) 5.32 6.21 8.4 14.04 15.14 6.97 10.11 13.41 14.54 21 27.61
PAT Margin (%) 5.24 6.12 7.89 12.23 13.08 6.66 10.52 13.08 13.47 19.42 24.6
Cash Profit Margin (%) 6.37 7.22 11.98 17.25 15.45 8.21 12.5 13.94 14.69 21.26 28.09
ROA(%) 27.67 25.69 23.09 25.29 22.35 11.16 10.54 19.93 26.15 25.52 24.48
ROE(%) 33.36 30.56 35.24 45.3 33.25 13.09 11.33 21.6 29.77 32.44 36.96
ROCE(%) 34.57 30.37 31.48 39.48 34.61 13.93 11.26 22.42 32.43 35.78 41.51
Receivable days 3.97 2.92 17.8 62.92 88.21 67.08 81.24 26.3 6.61 7.96 13.5
Inventory Days 0 0 0 0 0 0 0 0 0.13 0.23 0.17
Payable days 0 0 0 0 0 5507.07 0 1961.47 968.98 411.38 796.12
PER(x) 0 0 34.74 12.27 11.14 5.71 18.85 21.49 33.88 41.33 32.16
Price/Book(x) 0 0 10.5 4.55 3.15 0.7 2.06 4.2 8.47 10.74 9.53
Dividend Yield(%) 0 0 0.21 0.43 0.87 3.42 0.54 0.54 0.45 0.32 0.25
EV/Net Sales(x) 0 -0.06 2.78 1.49 1.29 0.08 1.4 2.44 4.17 7.14 7.21
EV/Core EBITDA(x) 0.05 -0.82 20.38 7.16 6.74 0.62 11.22 16.83 25.91 30.65 21.69
Net Sales Growth(%) 16.71 12.21 25.73 24.28 1.87 -2.2 -39.15 77.66 78.4 10.59 30.8
EBIT Growth(%) 19.53 27.22 85.89 104.78 8.36 -56.61 -14.29 131.21 92.66 61.23 81.37
PAT Growth(%) 15.24 31.07 62.14 92.64 8.94 -50.19 -3.91 120.94 83.69 59.41 65.73
EPS Growth(%) 15.29 30.95 62.1 92.77 9 -50.18 -4.33 121.86 79.97 55.54 62.39
Debt/Equity(x) 0.08 0.05 0.58 0.41 0.1 0 0 0.01 0 0 0.12
Current Ratio(x) 4.73 8.24 2.3 2.29 3.88 10.18 11.84 7.26 5.68 7.7 2.34
Quick Ratio(x) 5.16 8.24 2.3 2.29 3.88 10.18 11.84 7.26 5.68 7.69 2.34
Interest Cover(x) 14.78 25.62 8.27 9.24 10.4 16.22 29.25 63.51 86.67 47.56 13.95
Total Debt/Mcap(x) 0 0 0.05 0.09 0.03 0 0 0 0 0 0.01

BLS Internatl.Serv Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 71.52 71.52 71.52 71.52 70.38 70.38 70.38 70.39 70.39 70.39
FII 7.66 7.55 7.67 7.39 8.96 10.94 9.94 8.53 6.82 6.37
DII 0.07 0.89 1.05 1.35 1.72 1.37 2.26 2.87 2.9 2.93
Public 20.75 20.04 19.76 19.74 18.94 17.32 17.42 18.2 19.9 20.31
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

BLS Internatl.Serv News

BLS Internatl.Serv Pros & Cons

Pros

  • Company has delivered good profit growth of 59% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 411.38 to 796.12days.
  • Stock is trading at 5.3 times its book value.
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