Bls International Services Ltd
BLSBls International Services Ltd
BLSPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
49.00 | 12.18 | 0.23% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
36.31 | 9.61 | 1.59% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
BLS International Services provides outsourcing of visa, passport and attestation services to the client governments across the world
Peers
Compare with peersFirstsource Solutions Ltd
eClerx Services Limited
Hinduja Global Solutions Ltd
Vakrangee Limited
One Point One Solutions Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
Revenue Forecast
Earnings Per Share Forecast
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 505.46 | 637.43 | 793.10 | 846.39 | 799.12 | 497.03 | 864.84 | 1,537.44 | 1,716.76 | 1,836.44 | ||||||||||
Raw Materials | 0.00 | 0.00 | 0.00 | 0.71 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,387.24 | ||||||||||
Power & Fuel Cost | 0.45 | 0.66 | 0.57 | 0.88 | 0.27 | 0.12 | 0.31 | 1.60 | 2.00 | |||||||||||
Employee Cost | 32.92 | 41.73 | 52.66 | 66.79 | 67.47 | 43.70 | 75.80 | 139.64 | 208.12 | |||||||||||
Selling & Administrative Expenses | 14.51 | 30.63 | 61.72 | 61.73 | 67.14 | 41.51 | 58.59 | 93.67 | 104.45 | |||||||||||
Operating & Other expenses | 419.41 | 477.77 | 514.31 | 562.61 | 593.66 | 352.17 | 607.11 | 1,060.97 | 1,011.62 | |||||||||||
EBITDA | 38.17 | 86.64 | 163.84 | 153.67 | 70.58 | 59.53 | 123.03 | 241.56 | 390.57 | 449.20 | ||||||||||
Depreciation/Amortization | 5.53 | 25.97 | 39.60 | 19.03 | 12.15 | 9.46 | 7.25 | 18.49 | 30.94 | 38.72 | ||||||||||
PBIT | 32.64 | 60.67 | 124.24 | 134.64 | 58.43 | 50.07 | 115.78 | 223.07 | 359.63 | 410.48 | ||||||||||
Interest & Other Items | 1.27 | 7.34 | 13.44 | 12.94 | 3.60 | 1.71 | 1.82 | 2.57 | 7.56 | 4.15 | ||||||||||
PBT | 31.37 | 53.33 | 110.80 | 121.70 | 54.83 | 48.36 | 113.96 | 220.50 | 352.07 | 406.33 | ||||||||||
Taxes & Other Items | 0.47 | 3.25 | 14.27 | 16.47 | 2.39 | -1.78 | 2.68 | 19.73 | 39.11 | 48.10 | ||||||||||
Net Income | 30.90 | 50.08 | 96.53 | 105.23 | 52.44 | 50.14 | 111.28 | 200.77 | 312.96 | 358.23 | ||||||||||
EPS | 0.01 | 0.03 | 2.36 | 1.71 | 0.64 | 0.82 | 2.72 | 4.89 | 7.61 | 8.70 | ||||||||||
DPS | 0.00 | 0.09 | 0.13 | 0.13 | 0.13 | 0.13 | 0.31 | 0.75 | 1.00 | 0.75 | ||||||||||
Payout ratio | 0.00 | 2.90 | 0.05 | 0.07 | 0.20 | 0.15 | 0.12 | 0.15 | 0.13 | 0.09 |
Company Updates
Peers & Comparison
Information TechnologyOutsourced services
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Bls International Services Ltd | 56.08 | 12.18 | 0.23% |
Firstsource Solutions Ltd | 41.40 | 5.76 | 1.14% |
eClerx Services Limited | 26.04 | 5.92 | 0.04% |
Hinduja Global Solutions Ltd | 32.05 | 0.49 | 0.86% |
Price Comparison
Compare BLS with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Bls International Services Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Quant Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6040% | Percentage of the fund’s portfolio invested in the stock 0.46% | Change in the portfolio weight of the stock over the last 3 months -0.09% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 84/119 (-18) |
Helios Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0849% | Percentage of the fund’s portfolio invested in the stock 0.90% | Change in the portfolio weight of the stock over the last 3 months 0.90% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 63/63 (-7) |
Tata Nifty India Tourism Index Fund - Direct - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0300% | Percentage of the fund’s portfolio invested in the stock 1.77% | Change in the portfolio weight of the stock over the last 3 months 1.77% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 12/19 (0) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
BLS has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.23%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.35 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
Cash Dividend
Ex DateEx DateSep 5, 2024
Dividend/Share
₹0.50
Ex DateEx Date
Sep 5, 2024
Past Dividends
Cash Dividend
Ex DateEx DateFeb 23, 2024
Dividend/Share
₹0.50
Ex DateEx Date
Feb 23, 2024
Cash Dividend
Ex DateEx DateSep 14, 2023
Dividend/Share
₹0.25
Ex DateEx Date
Sep 14, 2023
Cash Dividend
Ex DateEx DateFeb 17, 2023
Dividend/Share
₹0.50
Ex DateEx Date
Feb 17, 2023
Cash Dividend
Ex DateEx DateSep 13, 2022
Dividend/Share
₹0.25
Ex DateEx Date
Sep 13, 2022
Cash Dividend
Ex DateEx DateFeb 11, 2022
Dividend/Share
₹1.00
Ex DateEx Date
Feb 11, 2022
The Board of BLS International Services at its meeting held on 30 August 2024 has approved to enter into the share purchase agreement to acquire 5,100 equity share i.e. 51% share capital of SLW Media (SLW), a company incorporated under the law of Companies Act 1956. Consequent to the said acquisition of 5,100 share capital of SLW, it will become a subsidiary of the company (SLW-S). This strategic move will enhance the brand equity of the company at a global scale into the rapidly growing sports and leisure sector.Powered by Capital Market - Live
BLS International Services announced that the 40th Annual General Meeting (AGM) of the company will be held on 12 September 2024.Powered by Capital Market - Live
BLS International Services shares rally 10% after strong Q1 results
The frontline indices traded in a narrow range with substantial gains in early afternoon trade. The Nifty traded above the 24,200 level. Media shares advanced after declining in the previous three consecutive trading sessions. At 12:26 IST, the barometer index, the S&P BSE Sensex, was up 545.01 points or 0.69% to 79,304.41. The Nifty 50 index added 167.45 points or 0.70% to 24,223.05. The broader market outperformed the headline indices. The S&P BSE Mid-Cap index advanced 1.29% and the S&P BSE Small-Cap index gained 1.32%. The market breadth was strong. On the BSE, 2,584 shares rose and 1,214 shares fell. A total of 116 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 11.53% to 18.02. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 11.95% to 17.93. The Nifty 29 August 2024 futures were trading at 24,270, at a premium of 46.95 points as compared with the spot at 24,223.05 The Nifty option chain for the 29 August 2024 expiry showed maximum Call OI of 36 lakh contracts at the 25,000 strike price. Maximum Put OI of 41.7 lakh contracts were seen at 24,000 strike price. Buzzing Index: The Nifty Media index gained 2.41% to 2,052.55. The index fell 6.88% in past three consecutive trading sessions. Network 18 Media & Investments (up 7.53%), Saregama India (up 4.71%), TV18 Broadcast (up 3.12%), Zee Entertainment Enterprises (up 2.92%), Nazara Technologies (up 2.2%), Tips Industries (up 2.06%), Dish TV India (up 1.68%), PVR Inox (up 0.63%), Hathway Cable & Datacom (up 0.28%) and Sun TV Network (up 0.05%) advanced. Stocks in Spotlight : BLS International Services surged 7.99% after the company's consolidated net profit jumped 70.16% to Rs 120.78 crore in Q1 FY25 as compared with Rs 70.98 crore in Q1 FY24. Revenue from operations jumped 28.47% YoY to Rs 492.66 crore during the quarter. AXISCADES Technologies jumped 6.62% after the company reported a net profit of Rs 17 crore in Q1 FY25, which is nearly three times as compared with the PAT of Rs 6 crore recorded in Q1 FY24. Revenue from operations amounted to Rs 223 crore for the quarter, up 4.5% YoY. Powered by Capital Market - Live
Revenue from operations jumped 28.47% YoY to Rs 492.66 crore during the quarter. The growth was mainly driven by the Visa & Consular business which witnessed a robust growth of 35.9% YoY in revenue. Profi before tax (PBT) stood at Rs 134.70, up 67.47% as compared with Rs 80.43 crore posted in Q1 FY24. During the quarter, EBITDA jumped 67.47% to Rs 134.70 crore as against Rs 80.43 crore recorded in the first quarter of FY24. EBITDA margin expanded by 615 bps to 27% during the quarter as compared with 20.9% in Q1 FY24. Revenue from Visa & Consular Business witnessed 35.9% growth to Rs 414.1 crore in Q1 FY25 as compared with Rs 304.8 crore in Q1 FY24. The said business contributes around 85% of the total revenue. During the quarter, no. of visa applications increased by 18.0% to 8.50 lakhs. Revenue from digital business fell marginally YoY to Rs 78.5 crore during the quarter. EBITDA of the digital business grew by 30.7% YoY to Rs. 11.9 crore during the quarter from Rs 9.1 crore in Q1FY24 and margin expanded to 15.2% against 11.6% recorded in Q1FY24. The said business contributes approximately 16% of the total revenue. BLS International Services is global tech-enabled services partner for governments and citizens. It operates in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa, and retail services since 2005. The company works with over 46 client governments including diplomatic missions, embassies & consulates and leverages technology and processes that ensure data security.Powered by Capital Market - Live
Net profit of BLS International Services rose 65.69% to Rs 114.18 crore in the quarter ended June 2024 as against Rs 68.91 crore during the previous quarter ended June 2023. Sales rose 28.47% to Rs 492.67 crore in the quarter ended June 2024 as against Rs 383.49 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales492.67383.49 28 OPM %27.0320.88 - PBDT148.8586.80 71 PBT134.7180.44 67 NP114.1868.91 66 Powered by Capital Market - Live
Net profit of BLS International Services declined 32.56% to Rs 1.45 crore in the quarter ended June 2024 as against Rs 2.15 crore during the previous quarter ended June 2023. Sales rose 36.91% to Rs 37.69 crore in the quarter ended June 2024 as against Rs 27.53 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales37.6927.53 37 OPM %10.9612.42 - PBDT4.343.84 13 PBT1.962.96 -34 NP1.452.15 -33 Powered by Capital Market - Live
Board of BLS International Services approves fund raising of up to Rs 2,000 cr
The Board of BLS International Services at its meeting held on 05 August 2024 has approved the proposal for raising funds for an amount of up to Rs 2,000 crore by way of fund raising options including but not limited to by issuance of securities by way of one or more public and/or private offerings, Qualified Institutions Placement or Right Issue basis or any combination thereof as may be deemed appropriate depending on market conditions subject to approval of shareholders and statutory authorities, if any, as per requirements of applicable laws. Powered by Capital Market - Live
BLS International Services will hold a meeting of the Board of Directors of the Company on 5 August 2024.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 15.19%, vs industry avg of 6.19%
Increasing Market Share
Over the last 5 years, market share increased from 6.44% to 9.68%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 24.36%, vs industry avg of 10.02%