BLS Internatl.Serv

₹319.7 -0.9 | 0.3%

WEBSITE BSE:540073 NSE : BLS 10 May, 16:01

Market Cap ₹13161 Cr.

Stock P/E 43.6

P/B 12.7

Current Price ₹319.7

Book Value ₹ 25.2

Face Value 1

52W High ₹430

Dividend Yield 0.23%

52W Low ₹ 166.3

Edit Ratio

BLS Internatl.Serv Research see more...

Asset-light Business Model and Enough Work Orders Make Up a Case for BLS International Services Limited

Overview Inc. Year: 1983Industry: Professional Services

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 services comprises Punjab State e-Governance Services. Its tour and travels comprises customize tour and travel offerings to the queries coming through the Portal; Get Dubai designed for Dubai visits, and Web portal. It specializes in Joint Visa Application Centers at Schengen (specific European) nations. Its value-added services consists of photocopy, pictures, SMS alerts, e mail and printing carrier.

BLS Internatl.Serv Share Price

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Peer Comparison

BLS Internatl.Serv Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	190	227	254	273	357	438	449	383	408	438
Other Income	3	3	5	4	3	7	7	7	9	9
Total Income	193	231	259	277	360	445	456	391	416	447
Total Expenditure	163	202	219	241	300	372	382	303	321	349
Operating Profit	30	29	40	35	60	73	74	87	95	98
Interest	0	0	0	0	0	0	0	0	1	1
Depreciation	2	2	2	3	4	4	8	6	7	6
Exceptional Income / Expenses	0	0	0	0	0	-25	22	0	0	0
Profit Before Tax	28	27	37	32	56	45	87	80	87	91
Provision for Tax	1	-1	2	2	5	-1	10	9	5	4
Profit After Tax	27	28	35	31	51	46	77	71	82	87
Adjustments	0	-0	0	-0	-1	5	-8	-2	-3	-3
Profit After Adjustments	27	28	35	30	50	51	69	69	79	85
Adjusted Earnings Per Share	0.3	0.7	0.9	0.7	1.2	1.2	1.7	1.7	1.9	2.1

BLS Internatl.Serv Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	386	450	505	635	789	804	786	478	850	1516	1678
Other Income	0	0	1	3	4	43	13	19	15	21	32
Total Income	386	450	505	637	793	846	799	497	865	1537	1710
Total Expenditure	361	420	467	551	629	693	701	438	742	1293	1355
Operating Profit	25	31	38	87	164	154	98	60	123	244	354
Interest	1	2	1	7	13	13	4	2	2	3	2
Depreciation	4	5	6	26	40	19	12	9	7	18	27
Exceptional Income / Expenses	0	0	0	0	0	0	-28	0	0	-3	22
Profit Before Tax	21	24	31	53	111	122	55	48	114	220	345
Provision for Tax	0	0	0	3	14	17	2	-2	3	16	28
Profit After Tax	20	24	31	50	97	105	52	50	111	204	317
Adjustments	0	0	-0	-0	-0	0	0	-0	0	-4	-16
Profit After Adjustments	20	24	31	50	97	105	52	50	111	201	302
Adjusted Earnings Per Share	0.5	0.6	0.8	1.2	2.4	2.6	1.3	1.2	2.7	4.9	7.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	78%	24%	14%	0%
Operating Profit CAGR	98%	36%	8%	0%
PAT CAGR	84%	58%	16%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	69%	139%	60%	NA%
ROE Average	30%	21%	22%	29%
ROCE Average	32%	22%	23%	29%

BLS Internatl.Serv Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	58	83	119	166	261	372	428	460	570	803
Minority's Interest	0	0	0	0	0	0	-0	0	0	34
Borrowings	0	6	4	49	39	1	0	0	0	0
Other Non-Current Liabilities	1	1	1	2	-2	2	-3	-3	0	0
Total Current Liabilities	8	13	13	81	169	100	38	35	54	100
Total Liabilities	67	104	137	297	467	475	464	491	625	938
Fixed Assets	22	24	24	78	49	51	41	38	112	234
Other Non-Current Assets	11	16	2	33	30	37	36	41	117	135
Total Current Assets	33	64	111	186	387	386	387	413	395	569
Total Assets	67	104	137	297	467	475	464	491	625	938

BLS Internatl.Serv Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	8	8	16	43	60	87	67	22	35	37
Cash Flow from Operating Activities	10	13	36	48	56	133	116	45	185	261
Cash Flow from Investing Activities	-10	-11	-7	-115	-27	-69	-107	-22	-172	-238
Cash Flow from Financing Activities	0	6	-2	84	-2	-87	-54	-9	-12	7
Net Cash Inflow / Outflow	0	8	27	17	27	-23	-45	13	2	30
Closing Cash & Cash Equivalent	8	16	43	60	87	67	22	35	37	67

BLS Internatl.Serv Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.5	0.58	0.75	1.22	2.36	2.57	1.28	1.22	2.72	4.89
CEPS(Rs)	0.59	0.7	0.89	1.86	3.32	3.03	1.57	1.46	2.89	5.42
DPS(Rs)	0	0	0	0.35	0.5	1	1	0.5	1.25	0.75
Book NAV/Share(Rs)	1.41	2.04	2.9	4.04	6.36	9.08	10.46	11.22	13.9	19.54
Core EBITDA Margin(%)	6.37	6.75	7.46	13.25	20.25	13.82	10.87	8.54	12.72	14.7
EBIT Margin(%)	5.57	5.7	6.46	9.56	15.75	16.75	7.43	10.47	13.62	14.71
Pre Tax Margin(%)	5.4	5.32	6.21	8.4	14.04	15.14	6.97	10.11	13.41	14.54
PAT Margin (%)	5.31	5.24	6.12	7.89	12.23	13.08	6.66	10.52	13.08	13.47
Cash Profit Margin (%)	6.22	6.37	7.22	11.98	17.25	15.45	8.21	12.5	13.94	14.69
ROA(%)	30.62	27.67	25.69	23.09	25.29	22.35	11.16	10.54	19.93	26.15
ROE(%)	35.35	33.36	30.56	35.24	45.3	33.25	13.09	11.33	21.6	29.77
ROCE(%)	37.08	34.57	30.37	31.48	39.48	34.61	13.93	11.26	22.42	32.43
Receivable days	3.71	3.97	2.92	17.8	62.92	88.21	67.08	81.24	26.3	6.61
Inventory Days	0	0	0	0	0	0	0	0	0	0.13
Payable days	0	0	0	0	0	0	5507.07	0	1961.47	968.98
PER(x)	0	0	0	34.74	12.27	11.14	5.71	18.85	21.49	33.88
Price/Book(x)	0	0	0	10.5	4.55	3.15	0.7	2.06	4.2	8.47
Dividend Yield(%)	0	0	0	0.21	0.43	0.87	3.42	0.54	0.54	0.45
EV/Net Sales(x)	0.01	0	-0.06	2.78	1.49	1.29	0.08	1.4	2.44	4.17
EV/Core EBITDA(x)	0.09	0.05	-0.82	20.38	7.16	6.74	0.62	11.22	16.83	25.91
Net Sales Growth(%)	0	16.71	12.21	25.73	24.28	1.87	-2.2	-39.15	77.66	78.4
EBIT Growth(%)	0	19.53	27.22	85.89	104.78	8.36	-56.61	-14.29	131.21	92.66
PAT Growth(%)	0	15.24	31.07	62.14	92.64	8.94	-50.19	-3.91	120.94	83.69
EPS Growth(%)	0	15.29	30.95	62.1	92.77	9	-50.18	-4.33	121.86	79.97
Debt/Equity(x)	0	0.08	0.05	0.58	0.41	0.1	0	0	0.01	0
Current Ratio(x)	4.11	4.73	8.24	2.3	2.29	3.88	10.18	11.84	7.26	5.68
Quick Ratio(x)	4.12	5.16	8.24	2.3	2.29	3.88	10.18	11.84	7.26	5.68
Interest Cover(x)	32.49	14.78	25.62	8.27	9.24	10.4	16.22	29.25	63.51	86.67
Total Debt/Mcap(x)	0	0	0	0.05	0.09	0.03	0	0	0	0

BLS Internatl.Serv Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.59	74.59	74.59	74.4	74.4	74.41	71.68	71.52	71.52	71.52
FII	1.47	1.36	4.32	6.67	8.2	7.57	8.45	7.66	7.55	7.67
DII	0	0	0	0.05	0.05	0.05	0.05	0.07	0.89	1.05
Public	23.94	24.05	21.09	18.88	17.35	17.97	19.82	20.75	20.04	19.76
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	7.64	7.64	15.28	15.28	30.57	30.57	29.45	29.45	29.45	29.45
FII	0.15	0.14	0.89	1.37	3.37	3.11	3.47	3.15	3.11	3.16
DII	0	0	0	0.01	0.02	0.02	0.02	0.03	0.36	0.43
Public	2.45	2.46	4.32	3.88	7.13	7.38	8.14	8.54	8.25	8.14
Others	0	0	0	0	0	0	0	0	0	0
Total	10.25	10.25	20.49	20.54	41.08	41.08	41.08	41.17	41.17	41.17

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 21%
Debtor days have improved from 1961.47 to 968.98days.
Company is almost debt free.

Cons

Stock is trading at 12.7 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 Internatl.Serv News

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Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

BLS Internatl.Serv

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BLS Internatl.Serv Research see more...

Overview Inc. Year: 1983Industry: Professional Services

BLS Internatl.Serv Share Price

Alert Data

Quarterly Price

Peer Comparison

BLS Internatl.Serv Quarterly Results

BLS Internatl.Serv Profit & Loss

Growth Rates

BLS Internatl.Serv Balance Sheet

BLS Internatl.Serv Cash Flow

BLS Internatl.Serv Ratios

BLS Internatl.Serv Shareholding Pattern

BLS Internatl.Serv News

IPO

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