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BLS

BLS - BLS International Services Ltd Share Price

Leisure Services

319.40-2.55(-0.79%)
Market Closed as of Nov 6, 2025, 15:30 IST

Valuation

Market Cap13.25 kCr
Price/Earnings (Trailing)23.46
Price/Sales (Trailing)5.3
EV/EBITDA16.81
Price/Free Cashflow19.65
MarketCap/EBT19.75
Enterprise Value13.25 kCr

Fundamentals

Revenue (TTM)2.5 kCr
Rev. Growth (Yr)44.2%
Earnings (TTM)599.84 Cr
Earnings Growth (Yr)49.8%

Profitability

Operating Margin27%
EBT Margin27%
Return on Equity29.71%
Return on Assets21.38%
Free Cashflow Yield5.09%

Price to Sales Ratio

Latest reported: 5

Revenue (Last 12 mths)

Latest reported: 2 kCr

Net Income (Last 12 mths)

Latest reported: 6 Cr

Growth & Returns

Price Change 1W4.7%
Price Change 1M-2.5%
Price Change 6M-6.2%
Price Change 1Y-20%
3Y Cumulative Return24.3%
5Y Cumulative Return71.7%
7Y Cumulative Return38.5%

Cash Flow & Liquidity

Cash Flow from Investing (TTM)-1.12 kCr
Cash Flow from Operations (TTM)828.83 Cr
Cash Flow from Financing (TTM)158.49 Cr
Cash & Equivalents282.86 Cr
Free Cash Flow (TTM)667.62 Cr
Free Cash Flow/Share (TTM)16.21

Balance Sheet

Total Assets2.81 kCr
Total Liabilities786.98 Cr
Shareholder Equity2.02 kCr
Current Assets1.14 kCr
Current Liabilities488.81 Cr
Net PPE320.83 Cr
Inventory48.66 L
Goodwill994.53 Cr

Capital Structure & Leverage

Debt Ratio0.07
Debt/Equity0.1
Interest Coverage19.8
Interest/Cashflow Ops26.69

Dividend & Shareholder Returns

Dividend/Share (TTM)1
Dividend Yield0.31%
Shares Dilution (1Y)0.00%
Shares Dilution (3Y)0.50%
Pros

Growth: Awesome revenue growth! Revenue grew 36.1% over last year and 160.6% in last three years on TTM basis.

Profitability: Very strong Profitability. One year profit margin are 24%.

Technicals: Bullish SharesGuru indicator.

Past Returns: Outperforming stock! In past three years, the stock has provided 24.3% return compared to 13.5% by NIFTY 50.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Balance Sheet: Strong Balance Sheet.

Size: Market Cap wise it is among the top 20% companies of india.

Cons

Insider Trading: Significant insider selling noticed recently.

Smart Money: Smart money is losing interest in the stock.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Dividend Yield0.31%
Dividend/Share (TTM)1
Shares Dilution (1Y)0.00%
Earnings/Share (TTM)13.72

Financial Health

Current Ratio2.34
Debt/Equity0.1

Technical Indicators

RSI (14d)63.62
RSI (5d)84.86
RSI (21d)47.81
MACD SignalBuy
Stochastic Oscillator SignalHold
Grufity SignalBuy
RSI SignalHold
RSI5 SignalSell
RSI21 SignalHold
SMA 5 SignalBuy
SMA 10 SignalBuy
SMA 20 SignalBuy
SMA 50 SignalSell
SMA 100 SignalSell

Summary of Latest Earnings Report from BLS International Services

Summary of BLS International Services's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Last updated:

Management provided an optimistic outlook for BLS International Services Limited, highlighting strong performance metrics and growth potential. The company achieved the highest-ever quarterly revenue of Rs. 710 crores for Q1 FY '26, representing a 44% year-on-year increase from Rs. 493 crores in Q1 FY '25. This growth was driven by consolidating recently acquired businesses like iDATA, Citizenship Invest, and Aadifidelis Solutions.

Key forward-looking points from management include:

  1. EBITDA Growth: EBITDA grew by 53% to Rs. 204 crores, with an EBITDA margin expanding by 171 basis points to 28.7%. The Visa and Consular segment delivered strong performance with an EBITDA margin of 40.4%, up from 29.3% in Q1 FY '25.

  2. Visa and Consular Services: Revenue from this segment increased by 11% to Rs. 461 crores, driven by a 33.6% increase in application volumes, reaching 11.4 lakh applications. This segment continues to support the company's long-term growth ambitions.

  3. Digital Services Expansion: A significant surge in digital services revenue, up 218% year-on-year to Rs. 250 crores, was noted. This growth was influenced by the consolidation of Aadifidelis and expansion in the Business Correspondent business.

  4. Market Opportunity: The global visa outsourcing market is projected to grow at a CAGR of 14%, reaching USD 8.2 billion by 2028, indicating a substantial opportunity for BLS to capitalize on.

  5. Sustainable Value Creation: Management emphasized commitment to maintaining a growth trajectory of 20%-25% in revenue and profitability over the next few years, aided by strategic partnerships and diversified offerings.

With a healthy net cash position of Rs. 1,126 crores, the company remains poised for future acquisitions and business expansion, while focusing on delivering sustainable long-term value.

Last updated:

Q&A Section Summary

Question: Arpit Shah: I just wanted to congratulate the management for this quarter's performance... How do we stack up against VFS, and what is our roadmap?

Answer: Thank you, Arpit. We aim to maintain our margins, already at 40% in Visa services. While VFS's valuation is high, we hold a 16%-17% market share globally. We expect a growth rate of 20%-25% annually over the next few years, leveraging new tenders and market opportunities.


Question: Ravi Naredi: What is our plan to use Rs. 1,100 crores cash immediately? Any acquisition on card?

Answer: We are exploring various opportunities but currently focusing on consolidating previous acquisitions. There's nothing finalized at this moment, but we have an M&A team actively scouting options.


Question: Vansh Solanki: Why did the EBITDA margin decline in the digital services segment?

Answer: The margin declined mainly due to the lower margin of Aadifidelis, which we acquired. While overall performance increased, the average margin took a hit from these results.


Question: Amit Chandra: Can you break down our 44% Y-o-Y growth into organic and inorganic?

Answer: About 35% of our revenue growth is from new acquisitions, contributing similarly to the EBITDA margin. Shifting to self-managed operations has significantly improved our margins going forward.


Question: Gopalakrishnan: Have you reached a saturation point for profit margins?

Answer: We anticipate margins stabilizing while still targeting growth through new contracts and M&A. We expect to continue delivering decent growth over the next few years.


Question: Vivek Gautam: With tightening visa policies, what's the impact on our volumes?

Answer: While countries tighten visa processes, the bottleneck leads to increased application volumes as embassies streamline their operations. The overall demand remains strong.


Question: Sachin: Is there a restriction for us to forward integrate into the travel industry?

Answer: We focus on our core outsourcing services and haven't explored travel agency possibilities, but this remains an option for future consideration.


Question: Dilip: Do you have a presence in France for visa services?

Answer: We continuously bid for contracts globally, including France, and aim to expand our reach as we secure more government contracts.


Revenue Breakdown

Analysis of BLS International Services's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.

Last Updated: Jun 30, 2025

DescriptionShareValue
Visa and Consular Services64.8%460.7 Cr
Digital Services35.2%249.9 Cr
Total710.6 Cr

Share Holdings

Understand BLS International Services ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Share Holding Details

Shareholder NameHolding %
Diwakar Aggarwal5.76%
Azadpur Finvest Private Limited4.92%
Grb Finvest Private Limited4.86%
Hawai Capital Private Limited4.86%
Hillman Properties Private Limited4.86%
Intime Finance And Investment Private Limited4.86%
V.s. Estates Private Limited4.86%
Wonder Rock Finance And Investment Private Li4.86%
Gaurav Aggarwal .4.83%
Madhukar Aggarwal4.8%
Vinod Aggarwal4.8%
Bls Finvest Limited4.48%
Goodwork Finvest Private Limited4.48%
Sixteenth Street Asian Gems Fund2.54%
Sushil Aggarwal2.43%
Life Insurance Corporation of India2.23%
Alka Aggarwal .1.94%
Shikhar Aggarwal .1.92%
Jlb Finvest Private Limited0.38%
Trimurti Finvest Private Limited0.38%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is BLS International Services Better than it's peers?

Detailed comparison of BLS International Services against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker
Name
Mkt Cap
Revenue
Price %, 1M
Returns, 1Y
P/E
P/S
Rev 1-Yr
Inc 1-Yr
THOMASCOOKThomas Cook (India)7.58 kCr8.61 kCr+1.10%-15.70%29.910.88--
SISSIS4.67 kCr14.18 kCr-3.50%-16.30%88.090.33--
QUESSQuess Corp3.42 kCr16.69 kCr-10.70%-67.60%39.060.21--
EASEMYTRIPEasy Trip Planners2.88 kCr566.72 Cr-2.60%-52.30%38.685.09--
TEAMLEASETeamLease Services2.85 kCr11.74 kCr-3.60%-37.00%24.270.24--

Sector Comparison: BLS vs Leisure Services

Comprehensive comparison against sector averages

Comparative Metrics

BLS metrics compared to Leisure

CategoryBLSLeisure
PE23.4655.49
PS5.305.07
Growth36.1 %15.7 %
33% metrics above sector average

Performance Comparison

BLS vs Leisure (2021 - 2025)

BLS is underperforming relative to the broader Leisure sector and has declined by 67.9% compared to the previous year.

Key Insights
  • 1. BLS is among the Top 10 Leisure Services companies but not in Top 5.
  • 2. The company holds a market share of 3.3% in Leisure Services.
  • 3. In last one year, the company has had an above average growth that other Leisure Services companies.

Income Statement for BLS International Services

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

Balance Sheet for BLS International Services

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

Cash Flow for BLS International Services

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

What does BLS International Services Ltd do?

BLS International Services Limited provides outsourcing and administrative task of visa, passport, and consular services to various diplomatic missions. The company offers citizen and front-end, e-visa, and biometric and identity management services; verification and attestation services; and value-added services, as well as passport and government services. It operates in the Middle East, Asia-Pacific, North America, Europe, Africa, and India. BLS International Services Limited was incorporated in 1983 and is headquartered in New Delhi, India.

Industry Group:Leisure Services
Employees:357
Website:www.blsinternational.com