BLS International Services Ltd.

•

blsinternational.comBSE: 540073NSE: BLS

Market Cap₹ 9,538 Cr.

Current Price

High / Low₹ 372 / 219

Stock P/E13.5

Book Value₹ 64

Price to Book3.97

Dividend Yield1.08 %

ROCE36.5 %

ROE34.8 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Visa & Consular Services: 61.4% • Digital Services: 38.6%

AI Sector View

AI GENERATED

Consumer Services

Buy

Consumer services have a mixed operating backdrop but strong market sponsorship. Foreign tourist arrivals in India rose 6.0% YoY (2026-06), export of services grew 13.0% YoY (2026-06), and headline tourist arrivals were 584000 (Jun/26), though airport passenger traffic was -2.0% YoY (2026-06). Strong FPI inflow of INR 19847 crore over 3 months to 2026-08-31 supports a Buy stance despite some travel softness.

Confidence

73%

View full sector analysis →

PROS

Company has delivered good profit growth of 70.4% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 37.8%
Company has a good return on equity (ROE) track record: 3 Years ROE 34.7%
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 44.4% CAGR over last 5 years

CONS

Effective tax rate is unusually low at 9.2% - earnings may be flattered
Working capital days have increased from 108 to 146 days
Growth is decelerating - 3Y profit CAGR (52.5%) trails the 5Y trend (70.4%)
Though reporting repeated profits, the company pays out little dividend (15.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer ServicesBusiness ServicesProfessional Services

Part ofNIFTY TOTAL MKT NIFTY SML250 Q50 NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	URBANCO	166.95	0.00	25746.71	0.00	-921.20	-13373.78	5283.40	1338.56	-8.23	-18.44
2.	BLS	231.65	13.51	9537.98	1.08	201.62	11.41	890.53	25.33	36.54	28.34
3.	SIS	420.05	40.52	5937.25	1.67	101.66	9.37	4603.58	29.73	7.39	4.66
4.	QUESS	350.00	20.70	5228.51	3.14	82.12	61.07	4181.68	14.52	24.72	2.02
5.	BLSE	314.65	49.19	2858.80	0.32	18.63	6.30	304.09	24.63	18.67	6.98
6.	BLUSPRING	131.50	100.98	1965.95	0.00	-1.58	77.90	949.29	19.07	1.32	2.17
7.	TEAMLEASE	1236.60	12.77	1889.70	0.00	34.45	37.74	3034.69	4.96	16.22	1.05
8.	KAPSTON	588.20	58.70	1790.02	0.00	84.89	1284.83	2216.57	1062.33	13.16	6.56
9.	GCSL	601.20	55.17	1503.32	0.12	128.00	1240.31	375.21	70.67	21.85	46.76
10.	UDS	207.45	16.00	1388.94	0.00	30.28	4.47	764.29	9.15	9.99	5.54
11.	KRYSTAL	615.35	14.01	859.76	0.24	17.41	5.92	360.71	11.65	16.36	6.33
12.	INNOVISION	261.10	16.84	621.77	0.00	-73.55	-771.26	2638.15	948.03	37.59	-3.82

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	383	408	438	448	493	495	513	693	711	737	736	815	891
	303	321	349	357	360	331	355	519	506	524	538	611	678
Operating Profit	80	87	89	90	133	164	158	174	204	213	198	204	213
OPM %	20.88%	21.27%	20.23%	20.16%	27.03%	33.13%	30.82%	25.13%	28.74%	28.88%	26.88%	25.03%	23.91%
	7	9	9	15	18	23	15	25	25	19	21	30	23
Interest	0	1	0	1	2	6	11	9	6	6	5	6	8
Depreciation	6	7	6	11	14	18	22	23	23	23	23	25	32
Profit before Tax	80	87	91	93	135	164	140	167	200	203	191	204	236
Tax %	11.75%	5.94%	4.19%	8.57%	10.33%	11.12%	8.77%	12.86%	9.60%	8.45%	10.67%	8.18%	14.44%
Net Profit	0	0	0	0	121	146	128	145	181	186	170	187	202
	1.68	1.91	2.05	1.96	2.77	3.36	2.93	3.28	4.15	4.26	3.95	4.32	4.62

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	635	789	804	786	478	850	1,516	1,677	2,193	2,998	3,178
	551	629	693	701	438	742	1,293	1,326	1,545	2,149	2,351
Operating Profit	84	160	111	85	41	108	223	351	648	849	828
OPM %	13.25%	20.25%	13.82%	10.87%	8.54%	12.72%	14.70%	20.91%	29.56%	28.31%	26.04%
	3	4	43	-15	19	15	19	40	81	95	93
Interest	7	13	13	4	2	2	3	8	47	53	25
Depreciation	26	40	19	12	9	7	18	31	77	94	103
Profit before Tax	53	111	122	55	48	114	220	352	606	797	833
Tax %	6.04%	12.88%	13.58%	4.45%	-4.07%	2.42%	7.36%	7.51%	10.88%	9.20%	10.59%
Net Profit	50	97	105	52	50	111	204	326	540	724	744
EPS	0.00	0.00	0.00	0.00	4.90	10.86	4.89	7.60	12.34	16.68	—
Dividend Payout %	7.16%	5.31%	9.74%	19.54%	10.21%	11.51%	15.35%	13.16%	8.10%	14.99%	—

COMPOUNDED SALES GROWTH

10 Years:: 19%
5 Years:: 44%
3 Years:: 26%

COMPOUNDED PROFIT GROWTH

10 Years:: 36%
5 Years:: 69%
3 Years:: 51%

STOCK PRICE CAGR

10 Years:: 24%
5 Years:: 30%
3 Years:: -6%
1 Year:: -37%

RETURN ON EQUITY

10 Years:: 29%
5 Years:: 31%
3 Years:: 35%
Last Year:: 35%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10	10	10	10	10	10	41	41	41	41
Minority Interest	0	0	0	-0	0	0	34	234	288	320
	155	250	362	418	450	560	762	1,164	1,674	2,404
	95	108	38	1	0	9	4	25	335	382
Trade Payables	13	39	24	16	10	18	29	31	98	153
	23	59	41	18	21	27	67	119	463	534
Total Liabilities	297	467	475	464	491	625	938	1,614	2,899	3,835
	78	49	51	41	38	112	234	296	1,395	1,706
Capital Work in Progress	0	0	3	0	0	0	0	0	0	2
	32	28	28	29	24	70	88	116	220	352
	0	0	0	0	0	0	1	2	0	1
	0	0	0	0	0	0	0	40	122	171
Cash & Bank	70	119	174	239	277	324	476	962	741	1,182
	117	270	219	155	152	118	139	199	421	422
Total Assets	297	467	475	464	491	625	938	1,614	2,899	3,835

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	50	59	156	131	45	192	279	350	829	903
Cash from Investing	-115	-27	-69	-107	-22	-172	-238	-260	-1,119	-446
Cash from Financing	84	-2	-87	-54	-9	-12	7	257	158	-246
	17	27	-23	-45	13	2	30	347	-131	211

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	71.52	70.38	70.38	70.38	70.39	70.39	70.39	70.39	70.39
	7.40	8.96	10.93	9.94	8.54	6.82	6.37	6.14	4.14
	1.35	1.71	1.36	2.26	2.87	2.90	2.92	2.99	3.10
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	19.73	18.94	17.32	17.42	18.21	19.88	20.31	20.48	22.37

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-30

Copy of Newspaper Publication

2026-08-30 - BLS International Services Limited has informed the Exchange about Newspaper Publication for completion of dispatch of Notice of 42nd Annual General Meeting of the Company

2026-08-29

General Updates

2026-08-29 - BLS International Services Limited has informed the Exchange about Web Link Letter

2026-08-29

Record Date

2026-08-29 - BLS International Services Limited has informed the Exchange that Record date for the purpose of Dividend is 16-Sep-2026.

2026-08-29

Updates

2026-08-29 - BLS International Services Limited has informed the Exchange regarding 'Business Responsibility & Sustainability Report'.

2026-08-29

Shareholders meeting

2026-08-29 - BLS International Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2026

2026-08-25

Copy of Newspaper Publication

2026-08-25 - The Company has published Newspaper Advertisements for the attention of the Equity Shareholders of the Company in respect of information regarding the AGM other related information, to the members of the Company, published today i.e. Tuesday, August 25, 2026 in the following newspapers: 1. Financial Express- English Language- All edition 2. Jansatta- Hindi Language - Delhi Edition

2026-08-24

Press Release

2026-08-24 - BLS International Services Limited has informed the Exchange regarding Media Release with reference to categorically rejects allegations of Involvement in Visa Irregularities appearing in various Media Reports

2026-08-21

Sale or disposal

2026-08-21 - BLS International Services Limited has informed the Exchange about Deregistration of Visametric LLC, Tajikistan, Step down subsidary of the Company

2026-08-20

Acquisition

2026-08-20 - BLS International Services Limited has informed the Exchange about Acquisition of additional equity stake in BLS E-Services Limited

News

Recent coverage and analyst commentary for BLS

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BLS International Services Ltd.

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Free 5nance Account

Name

URBANCO

166.95

0.00

25746.71

0.00

-921.20

-13373.78

5283.40

1338.56

-8.23

-18.44

BLS

231.65

13.51

9537.98

1.08

201.62

11.41

890.53

25.33

36.54

28.34

SIS

420.05

40.52

5937.25

1.67

101.66

9.37

4603.58

29.73

7.39

4.66

QUESS

350.00

20.70

5228.51

3.14

82.12

61.07

4181.68

14.52

24.72

2.02

BLSE

314.65

49.19

2858.80

0.32

18.63

6.30

304.09

24.63

18.67

6.98

BLUSPRING

131.50

100.98

1965.95

0.00

-1.58

77.90

949.29

19.07

1.32

2.17

TEAMLEASE

1236.60

12.77

1889.70

0.00

34.45

37.74

3034.69

4.96

16.22

1.05

KAPSTON

588.20

58.70

1790.02

0.00

84.89

1284.83

2216.57

1062.33

13.16

6.56

GCSL

601.20

55.17

1503.32

0.12

128.00

1240.31

375.21

70.67

21.85

46.76

UDS

207.45

16.00

1388.94

0.00

30.28

4.47

764.29

9.15

9.99

5.54

KRYSTAL

615.35

14.01

859.76

0.24

17.41

5.92

360.71

11.65

16.36

6.33

INNOVISION

261.10

16.84

621.77

0.00

-73.55

-771.26

2638.15

948.03

37.59

-3.82

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

383

408

438

448

493

495

513

693

711

737

736

815

891

303

321

349

357

360

331

355

519

506

524

538

611

678

Operating Profit

133

164

158

174

204

213

198

204

213

OPM %

20.88%

21.27%

20.23%

20.16%

27.03%

33.13%

30.82%

25.13%

28.74%

28.88%

26.88%

25.03%

23.91%

Interest

Depreciation

Profit before Tax

135

164

140

167

200

203

191

204

236

Tax %

11.75%

5.94%

4.19%

8.57%

10.33%

11.12%

8.77%

12.86%

9.60%

8.45%

10.67%

8.18%

14.44%

Net Profit

121

146

128

145

181

186

170

187

202

1.68

1.91

2.05

1.96

2.77

3.36

2.93

3.28

4.15

4.26

3.95

4.32

4.62

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

635

789

804

786

478

850

1,516

1,677

2,193

2,998

3,178

551

629

693

701

438

742

1,293

1,326

1,545

2,149

2,351

Operating Profit

160

111

108

223

351

648

849

828

OPM %

13.25%

20.25%

13.82%

10.87%

8.54%

12.72%

14.70%

20.91%

29.56%

28.31%

26.04%

-15

Interest

Depreciation

103

Profit before Tax

111

122

114

220

352

606

797

833

Tax %

6.04%

12.88%

13.58%

4.45%

-4.07%

2.42%

7.36%

7.51%

10.88%

9.20%

10.59%

Net Profit

105

111

204

326

540

724

744

EPS

0.00

4.90

10.86

4.89

7.60

12.34

16.68

—

Dividend Payout %

7.16%

5.31%

9.74%

19.54%

10.21%

11.51%

15.35%

13.16%

8.10%

14.99%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

-0

234

288

320

155

250

362

418

450

560

762

1,164

1,674

2,404

108

335

382

Trade Payables

153

119

463

534

Total Liabilities

297

467

475

464

491

625

938

1,614

2,899

3,835

112

234

296

1,395

1,706

Capital Work in Progress

116

220

352

122

171

Cash & Bank

119

174

239

277

324

476

962

741

1,182

117

270

219

155

152

118

139

199

421

422

Total Assets

297

467

475

464

491

625

938

1,614

2,899

3,835

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

156

131

192

279

350

829

903

Cash from Investing

-115

-27

-69

-107

-22

-172

-238

-260

-1,119

-446

Cash from Financing

-2

-87

-54

-9

-12

257

158

-246

-23

-45

347

-131

211

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

71.52

70.38

70.39

7.40

8.96

10.93

9.94

8.54

6.82

6.37

6.14

4.14

1.35

1.71

1.36

2.26

2.87

2.90

2.92

2.99

3.10

Government

0.00

19.73

18.94

17.32

17.42

18.21

19.88

20.31

20.48

22.37

BLS International Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

BLS International Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI