BLS International Services Ltd.
•2026-08-21
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 49.1%
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.3%
- Company has delivered good sales growth of 21.1% CAGR over last 5 years
- Working capital cycle has improved - days down from 114 to 92
- Company generates healthy free cash flow
CONS
- Company is loss-making at the operating / net level
- A large part of profit comes from other income (201.9% of PBT)
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.18x)
- Operating cash flow has been negative in recent years
- Stock is trading at 179.3x its book value
- Operating margins have contracted to -4.3% from 48.9%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | URBANCO | 147.40 | 0.00 | 22731.74 | 0.00 | -921.20 | -13373.78 | 5283.40 | 1338.56 | -8.23 | -18.44 |
| 2. | BLS | 271.30 | 15.83 | 11170.53 | 0.92 | 201.62 | 11.41 | 890.53 | 25.33 | 41.51 | 28.34 |
| 3. | SIS | 413.85 | 39.92 | 5848.98 | 1.69 | 101.66 | 9.37 | 4603.58 | 29.73 | 7.39 | 4.66 |
| 4. | QUESS | 336.50 | 19.90 | 5025.96 | 3.27 | 82.12 | 61.07 | 4181.68 | 14.52 | 24.72 | 2.02 |
| 5. | BLSE | 314.00 | 49.09 | 2852.89 | 0.16 | 18.63 | 6.30 | 304.09 | 24.63 | 17.52 | 6.98 |
| 6. | TEAMLEASE | 1239.85 | 12.80 | 1894.66 | 0.00 | 34.45 | 37.74 | 3034.69 | 4.96 | 14.52 | 1.05 |
| 7. | BLUSPRING | 119.80 | 0.00 | 1791.04 | 0.00 | -1.58 | 77.90 | 949.29 | 19.07 | 1.32 | 2.17 |
| 8. | KAPSTON | 523.40 | 52.23 | 1592.82 | 0.00 | 84.89 | 1284.83 | 2216.57 | 1062.33 | 13.16 | 6.56 |
| 9. | UDS | 216.75 | 16.72 | 1451.21 | 0.00 | 30.28 | 4.47 | 764.29 | 9.15 | 9.99 | 5.54 |
| 10. | GCSL | 522.95 | 46.36 | 1263.41 | 0.13 | 12.80 | 1240.31 | 37.52 | 70.71 | 21.85 | 46.76 |
| 11. | KRYSTAL | 628.70 | 14.31 | 878.42 | 0.24 | 17.41 | 5.92 | 360.71 | 11.65 | 17.52 | 6.33 |
| 12. | INNOVISION | 266.95 | 17.22 | 635.70 | 0.00 | -73.55 | -771.26 | 2638.15 | 948.03 | 37.59 | -3.82 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28 | 28 | 23 | 40 | 38 | 34 | 41 | 25 | 44 | 46 | 50 | 69 | 69 | |
| 24 | 22 | 27 | 33 | 34 | 34 | 37 | 41 | 39 | 40 | 43 | 59 | 72 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 13 | 9 | 13 | 1 | 22 | 1 | 24 | 2 | 5 | 23 | 77 | 64 |
| Interest | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 |
| Depreciation | 1 | 2 | 1 | 2 | 2 | 3 | 4 | 4 | 4 | 4 | 5 | 8 | 9 |
| 3 | 16 | 4 | 18 | 2 | 18 | 0 | 3 | 1 | 5 | 24 | 77 | 61 | |
| Tax % | 27.36% | 6.15% | -33.60% | 15.24% | 26.02% | -2.87% | 28.95% | 39.92% | 21.05% | 2.00% | -7.12% | 7.58% | 25.44% |
| Net Profit | 2 | 15 | 5 | 15 | 1 | 19 | 0 | 2 | 1 | 5 | 25 | 72 | 45 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 0 | |
| Equity Capital | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 28
- 24
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- 3
- Tax %
- 27.36%
- Net Profit
- 2
- 0
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 28
- 22
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 1
- Depreciation
- 2
- 16
- Tax %
- 6.15%
- Net Profit
- 15
- 0
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 23
- 27
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 0
- Depreciation
- 1
- 4
- Tax %
- -33.60%
- Net Profit
- 5
- 0
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 40
- 33
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 0
- Depreciation
- 2
- 18
- Tax %
- 15.24%
- Net Profit
- 15
- 0
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 38
- 34
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 2
- 2
- Tax %
- 26.02%
- Net Profit
- 1
- 0
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 34
- 34
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 1
- Depreciation
- 3
- 18
- Tax %
- -2.87%
- Net Profit
- 19
- 0
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 41
- 37
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 4
- 0
- Tax %
- 28.95%
- Net Profit
- 0
- 0
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 25
- 41
- Operating Profit
- —
- OPM %
- —
- Other Income
- 24
- Interest
- 2
- Depreciation
- 4
- 3
- Tax %
- 39.92%
- Net Profit
- 2
- 0
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 44
- 39
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 2
- Depreciation
- 4
- 1
- Tax %
- 21.05%
- Net Profit
- 1
- 0
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 46
- 40
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 2
- Depreciation
- 4
- 5
- Tax %
- 2.00%
- Net Profit
- 5
- 0
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 50
- 43
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 2
- Depreciation
- 5
- 24
- Tax %
- -7.12%
- Net Profit
- 25
- 1
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 69
- 59
- Operating Profit
- —
- OPM %
- —
- Other Income
- 77
- Interest
- 2
- Depreciation
- 8
- 77
- Tax %
- 7.58%
- Net Profit
- 72
- 2
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 69
- 72
- Operating Profit
- —
- OPM %
- —
- Other Income
- 64
- Interest
- 3
- Depreciation
- 9
- 61
- Tax %
- 25.44%
- Net Profit
- 45
- 0
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 41
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 16 | 24 | 41 | 52 | 53 | 20 | 40 | 87 | 119 | 138 | 235 | |
| 13 | 19 | 31 | 39 | 40 | 24 | 38 | 74 | 106 | 144 | 214 | |
| Operating Profit | 4 | 7 | 16 | 22 | 33 | 27 | 20 | 50 | 48 | 41 | — |
| OPM % | 28 | 30 | 39 | 43 | 62 | 132 | 49 | 57 | 41 | 29 | — |
| Other Income | 2 | 2 | 6 | 9 | 20 | 30 | 17 | 37 | 35 | 47 | 169 |
| Interest | 1 | 1 | 1 | 2 | 1 | 1 | 0 | 1 | 2 | 4 | 8 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 6 | 13 | 26 |
| 2 | 4 | 13 | 19 | 30 | 24 | 17 | 47 | 40 | 23 | 167 | |
| Tax % | 28 | 29 | 17 | 29 | 22 | 13 | 7 | 12 | 8 | 5 | 12 |
| Net Profit | 1 | 3 | 11 | 13 | 23 | 21 | 16 | 41 | 37 | 22 | 147 |
| EPS | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 1 | 1 | — |
| Dividend Payout % | 0 | 114 | 49 | 77 | 44 | 25 | 79 | 75 | 111 | 187 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | — |
- 16
- 13
- Operating Profit
- 4
- OPM %
- 28
- Other Income
- 2
- Interest
- 1
- Depreciation
- 2
- 2
- Tax %
- 28
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- 24
- 19
- Operating Profit
- 7
- OPM %
- 30
- Other Income
- 2
- Interest
- 1
- Depreciation
- 2
- 4
- Tax %
- 29
- Net Profit
- 3
- EPS
- 0
- Dividend Payout %
- 114
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- 41
- 31
- Operating Profit
- 16
- OPM %
- 39
- Other Income
- 6
- Interest
- 1
- Depreciation
- 2
- 13
- Tax %
- 17
- Net Profit
- 11
- EPS
- 0
- Dividend Payout %
- 49
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- 52
- 39
- Operating Profit
- 22
- OPM %
- 43
- Other Income
- 9
- Interest
- 2
- Depreciation
- 2
- 19
- Tax %
- 29
- Net Profit
- 13
- EPS
- 0
- Dividend Payout %
- 77
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- 53
- 40
- Operating Profit
- 33
- OPM %
- 62
- Other Income
- 20
- Interest
- 1
- Depreciation
- 2
- 30
- Tax %
- 22
- Net Profit
- 23
- EPS
- 0
- Dividend Payout %
- 44
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- 20
- 24
- Operating Profit
- 27
- OPM %
- 132
- Other Income
- 30
- Interest
- 1
- Depreciation
- 2
- 24
- Tax %
- 13
- Net Profit
- 21
- EPS
- 2
- Dividend Payout %
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- 40
- 38
- Operating Profit
- 20
- OPM %
- 49
- Other Income
- 17
- Interest
- 0
- Depreciation
- 2
- 17
- Tax %
- 7
- Net Profit
- 16
- EPS
- 2
- Dividend Payout %
- 79
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- 87
- 74
- Operating Profit
- 50
- OPM %
- 57
- Other Income
- 37
- Interest
- 1
- Depreciation
- 3
- 47
- Tax %
- 12
- Net Profit
- 41
- EPS
- 2
- Dividend Payout %
- 75
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- 119
- 106
- Operating Profit
- 48
- OPM %
- 41
- Other Income
- 35
- Interest
- 2
- Depreciation
- 6
- 40
- Tax %
- 8
- Net Profit
- 37
- EPS
- 1
- Dividend Payout %
- 111
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- 138
- 144
- Operating Profit
- 41
- OPM %
- 29
- Other Income
- 47
- Interest
- 4
- Depreciation
- 13
- 23
- Tax %
- 5
- Net Profit
- 22
- EPS
- 1
- Dividend Payout %
- 187
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- 235
- 214
- Operating Profit
- —
- OPM %
- —
- Other Income
- 169
- Interest
- 8
- Depreciation
- 26
- 167
- Tax %
- 12
- Net Profit
- 147
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 26%
- 5 Years:
- 21%
- 3 Years:
- 51%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 41%
- 5 Years:
- -1%
- 3 Years:
- 11%
STOCK PRICE CAGR
- 10 Years:
- 27%
- 5 Years:
- 50%
- 3 Years:
- -1%
- 1 Year:
- -26%
RETURN ON EQUITY
- 10 Years:
- 38%
- 5 Years:
- 40%
- 3 Years:
- 43%
- Last Year:
- 25%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 41 | 41 | 41 |
| 4 | 8 | 15 | 24 | 31 | 45 | 49 | 37 | 46 | 50 | |
| 0 | 1 | 4 | 7 | 1 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 2 | 4 | 22 |
| 8 | 7 | 19 | 26 | 23 | 7 | 28 | 15 | 37 | 103 | |
| Total Liabilities | 23 | 27 | 49 | 68 | 66 | 64 | 88 | 95 | 128 | 216 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 4 | 5 | 4 | 4 | 4 | 4 | 4 | 8 | 31 | 87 | |
| 2 | 3 | 4 | 5 | 5 | 1 | 1 | 33 | 36 | 42 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18 | 14 | |
| Cash & Bank | 7 | 5 | 6 | 13 | 14 | 11 | 36 | 32 | 20 | 47 |
| 10 | 14 | 35 | 46 | 43 | 48 | 47 | 22 | 22 | 26 | |
| Total Assets | 23 | 27 | 49 | 68 | 66 | 64 | 88 | 95 | 128 | 216 |
| Total Debt | 3 | 2 | 5 | 8 | 1 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 9 | 10 | 16 | 26 | 32 | 43 | 21 | 32 | 37 | 35 |
| Contingent Liabilities | 16 | 81 | 78 | 143 | 115 | 101 | 56 | 51 | 34 | 63 |
| Book Value per Share | 13.95 | 17.57 | 2.47 | 3.30 | 4.06 | 5.44 | 5.76 | 1.89 | 2.11 | 2.21 |
| Face Value | 10.00 | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 3 | 2 | 5 | 8 | 1 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 9 | 10 | 16 | 26 | 32 | 43 | 21 | 32 | 37 | 35 |
| Contingent Liabilities | 16 | 81 | 78 | 143 | 115 | 101 | 56 | 51 | 34 | 63 |
| Book Value per Share | 13.95 | 17.57 | 2.47 | 3.30 | 4.06 | 5.44 | 5.76 | 1.89 | 2.11 | 2.21 |
| Face Value | 10.00 | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
- Equity Capital
- 10
- 4
- 0
- Trade Payables
- 0
- 8
- Total Liabilities
- 23
- 4
- 2
- 0
- Cash & Bank
- 7
- 10
- Total Assets
- 23
- Total Debt
- 3
- Net Working Capital
- 9
- Contingent Liabilities
- 16
- Book Value per Share
- 13.95
- Face Value
- 10.00
- Total Debt
- 3
- Net Working Capital
- 9
- Contingent Liabilities
- 16
- Book Value per Share
- 13.95
- Face Value
- 10.00
- Equity Capital
- 10
- 8
- 1
- Trade Payables
- 0
- 7
- Total Liabilities
- 27
- 5
- 3
- 0
- Cash & Bank
- 5
- 14
- Total Assets
- 27
- Total Debt
- 2
- Net Working Capital
- 10
- Contingent Liabilities
- 81
- Book Value per Share
- 17.57
- Face Value
- 10.00
- Total Debt
- 2
- Net Working Capital
- 10
- Contingent Liabilities
- 81
- Book Value per Share
- 17.57
- Face Value
- 10.00
- Equity Capital
- 10
- 15
- 4
- Trade Payables
- 1
- 19
- Total Liabilities
- 49
- 4
- 4
- 0
- Cash & Bank
- 6
- 35
- Total Assets
- 49
- Total Debt
- 5
- Net Working Capital
- 16
- Contingent Liabilities
- 78
- Book Value per Share
- 2.47
- Face Value
- 1.00
- Total Debt
- 5
- Net Working Capital
- 16
- Contingent Liabilities
- 78
- Book Value per Share
- 2.47
- Face Value
- 1.00
- Equity Capital
- 10
- 24
- 7
- Trade Payables
- 1
- 26
- Total Liabilities
- 68
- 4
- 5
- 0
- Cash & Bank
- 13
- 46
- Total Assets
- 68
- Total Debt
- 8
- Net Working Capital
- 26
- Contingent Liabilities
- 143
- Book Value per Share
- 3.30
- Face Value
- 1.00
- Total Debt
- 8
- Net Working Capital
- 26
- Contingent Liabilities
- 143
- Book Value per Share
- 3.30
- Face Value
- 1.00
- Equity Capital
- 10
- 31
- 1
- Trade Payables
- 1
- 23
- Total Liabilities
- 66
- 4
- 5
- 0
- Cash & Bank
- 14
- 43
- Total Assets
- 66
- Total Debt
- 1
- Net Working Capital
- 32
- Contingent Liabilities
- 115
- Book Value per Share
- 4.06
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- 32
- Contingent Liabilities
- 115
- Book Value per Share
- 4.06
- Face Value
- 1.00
- Equity Capital
- 10
- 45
- 0
- Trade Payables
- 0
- 7
- Total Liabilities
- 64
- 4
- 1
- 0
- Cash & Bank
- 11
- 48
- Total Assets
- 64
- Total Debt
- 0
- Net Working Capital
- 43
- Contingent Liabilities
- 101
- Book Value per Share
- 5.44
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 43
- Contingent Liabilities
- 101
- Book Value per Share
- 5.44
- Face Value
- 1.00
- Equity Capital
- 10
- 49
- 0
- Trade Payables
- 0
- 28
- Total Liabilities
- 88
- 4
- 1
- 0
- Cash & Bank
- 36
- 47
- Total Assets
- 88
- Total Debt
- 0
- Net Working Capital
- 21
- Contingent Liabilities
- 56
- Book Value per Share
- 5.76
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 21
- Contingent Liabilities
- 56
- Book Value per Share
- 5.76
- Face Value
- 1.00
- Equity Capital
- 41
- 37
- 0
- Trade Payables
- 2
- 15
- Total Liabilities
- 95
- 8
- 33
- 0
- Cash & Bank
- 32
- 22
- Total Assets
- 95
- Total Debt
- 0
- Net Working Capital
- 32
- Contingent Liabilities
- 51
- Book Value per Share
- 1.89
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 32
- Contingent Liabilities
- 51
- Book Value per Share
- 1.89
- Face Value
- 1.00
- Equity Capital
- 41
- 46
- 0
- Trade Payables
- 4
- 37
- Total Liabilities
- 128
- 31
- 36
- 18
- Cash & Bank
- 20
- 22
- Total Assets
- 128
- Total Debt
- 0
- Net Working Capital
- 37
- Contingent Liabilities
- 34
- Book Value per Share
- 2.11
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 37
- Contingent Liabilities
- 34
- Book Value per Share
- 2.11
- Face Value
- 1.00
- Equity Capital
- 41
- 50
- 0
- Trade Payables
- 22
- 103
- Total Liabilities
- 216
- 87
- 42
- 14
- Cash & Bank
- 47
- 26
- Total Assets
- 216
- Total Debt
- 0
- Net Working Capital
- 35
- Contingent Liabilities
- 63
- Book Value per Share
- 2.21
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 35
- Contingent Liabilities
- 63
- Book Value per Share
- 2.21
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 1 | 10 | 22 | 1 | -26 | -0 | -6 | -0 | 25 | |
| Cash from Investing | 1 | 0 | -7 | -21 | 24 | 33 | 19 | 35 | 26 | 30 |
| Cash from Financing | -2 | -2 | -1 | -3 | -23 | -9 | -14 | -23 | -31 | -30 |
| 2 | -1 | 3 | -2 | 2 | -3 | 4 | 5 | -5 | 25 | |
| Free Cash Flow | 2 | -1 | 10 | 21 | -1 | -27 | -2 | -9 | -30 | -43 |
| OCF / Net Profit | 1.88 | 0.23 | 0.97 | 1.68 | 0.06 | -1.26 | -0.03 | -0.16 | -0.01 | 1.12 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 31 | 1 | 1 | -18 | -68 | -111 |
| OCF / Net Profit | 1.88 | 0.23 | 0.97 | 1.68 | 0.06 | -1.26 | -0.03 | -0.16 | -0.01 | 1.12 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 31 | 1 | 1 | -18 | -68 | -111 |
- 2
- Cash from Investing
- 1
- Cash from Financing
- -2
- 2
- Free Cash Flow
- 2
- OCF / Net Profit
- 1.88
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.88
- Cumulative 5-Year FCF
- 0
- 1
- Cash from Investing
- 0
- Cash from Financing
- -2
- -1
- Free Cash Flow
- -1
- OCF / Net Profit
- 0.23
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.23
- Cumulative 5-Year FCF
- 0
- 10
- Cash from Investing
- -7
- Cash from Financing
- -1
- 3
- Free Cash Flow
- 10
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- 0
- 22
- Cash from Investing
- -21
- Cash from Financing
- -3
- -2
- Free Cash Flow
- 21
- OCF / Net Profit
- 1.68
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.68
- Cumulative 5-Year FCF
- 0
- 1
- Cash from Investing
- 24
- Cash from Financing
- -23
- 2
- Free Cash Flow
- -1
- OCF / Net Profit
- 0.06
- Cumulative 5-Year FCF
- 31
- OCF / Net Profit
- 0.06
- Cumulative 5-Year FCF
- 31
- -26
- Cash from Investing
- 33
- Cash from Financing
- -9
- -3
- Free Cash Flow
- -27
- OCF / Net Profit
- -1.26
- Cumulative 5-Year FCF
- 1
- OCF / Net Profit
- -1.26
- Cumulative 5-Year FCF
- 1
- -0
- Cash from Investing
- 19
- Cash from Financing
- -14
- 4
- Free Cash Flow
- -2
- OCF / Net Profit
- -0.03
- Cumulative 5-Year FCF
- 1
- OCF / Net Profit
- -0.03
- Cumulative 5-Year FCF
- 1
- -6
- Cash from Investing
- 35
- Cash from Financing
- -23
- 5
- Free Cash Flow
- -9
- OCF / Net Profit
- -0.16
- Cumulative 5-Year FCF
- -18
- OCF / Net Profit
- -0.16
- Cumulative 5-Year FCF
- -18
- -0
- Cash from Investing
- 26
- Cash from Financing
- -31
- -5
- Free Cash Flow
- -30
- OCF / Net Profit
- -0.01
- Cumulative 5-Year FCF
- -68
- OCF / Net Profit
- -0.01
- Cumulative 5-Year FCF
- -68
- 25
- Cash from Investing
- 30
- Cash from Financing
- -30
- 25
- Free Cash Flow
- -43
- OCF / Net Profit
- 1.12
- Cumulative 5-Year FCF
- -111
- OCF / Net Profit
- 1.12
- Cumulative 5-Year FCF
- -111
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 1.18 | 3.07 | 1.03 | 1.30 | 2.25 | 2.03 | 1.57 | 1.00 | 0.90 | 0.53 |
| Book Value (₹) | 13.95 | 17.57 | 2.47 | 3.30 | 4.06 | 5.44 | 5.76 | 1.89 | 2.11 | 2.21 |
| Dividend per Share (₹) | 0.00 | 3.50 | 0.50 | 1.00 | 1.00 | 0.50 | 1.25 | 0.75 | 1.00 | 1.00 |
| Cash EPS (₹) | 0.08 | 0.12 | 0.32 | 0.36 | 0.61 | 0.55 | 0.44 | 1.07 | 1.05 | 0.86 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 27.65% | 29.55% | 39.42% | 43.11% | 61.63% | 131.56% | 48.87% | 57.32% | 10.97% | -4.27% |
| Net Margin % | 7.61% | 13.03% | 25.83% | 25.69% | 43.43% | 102.72% | 40.02% | 47.51% | 31.20% | 15.86% |
| ROE % | 8.83% | 19.45% | 48.80% | 44.97% | 61.20% | 42.77% | 28.09% | 60.31% | 45.01% | 24.70% |
| ROCE % | 12.08% | 29.93% | 54.85% | 57.91% | 73.31% | 50.39% | 30.99% | 68.85% | 50.39% | 27.99% |
| 5.34% | 12.67% | 27.88% | 22.83% | 34.41% | 32.00% | 21.29% | 45.17% | 33.27% | 12.77% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 35 | 40 | 71 | 55 | 27 | 57 | 20 | 12 | 34 | 42 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 35 | 40 | 71 | 55 | 27 | 57 | 20 | 12 | 34 | 42 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.19x | 0.10x | 0.19x | 0.23x | 0.02x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 3.88x | 5.02x | 13.70x | 9.54x | 23.81x | 26.12x | 47.57x | 87.41x | 21.60x | 6.30x |
| 2.27x | 2.16x | 1.72x | 1.78x | 2.31x | 6.42x | 1.74x | 2.94x | 2.72x | 1.74x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 16.69% | 51.59% | 69.67% | 26.44% | 2.78% | -61.87% | 98.77% | 115.62% | 36.65% | 16.73% |
| Operating Profit Growth % | 12.77% | 62.00% | 126.32% | 38.27% | 46.94% | -18.60% | -26.17% | 152.92% | -2.58% | -15.96% |
| Net Profit Growth % | 73.77% | 159.77% | 236.24% | 25.78% | 73.72% | -9.81% | -22.56% | 156.00% | -10.29% | -40.65% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -10.49% | -40.65% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 349.48x | 744.14x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 149.22x | 179.30x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% | 0.25% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 266.38x | 400.01x |
- EPS (₹)
- 1.18
- Book Value (₹)
- 13.95
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.08
- Operating Margin %
- 27.65%
- Net Margin %
- 7.61%
- ROE %
- 8.83%
- ROCE %
- 12.08%
- 5.34%
- Debtor Days
- 35
- Inventory Days
- 0
- Payable Days
- 0
- 35
- Debt to Equity (x)
- 0.19x
- Interest Coverage (x)
- 3.88x
- 2.27x
- Revenue Growth %
- 16.69%
- Operating Profit Growth %
- 12.77%
- Net Profit Growth %
- 73.77%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 3.07
- Book Value (₹)
- 17.57
- Dividend per Share (₹)
- 3.50
- Cash EPS (₹)
- 0.12
- Operating Margin %
- 29.55%
- Net Margin %
- 13.03%
- ROE %
- 19.45%
- ROCE %
- 29.93%
- 12.67%
- Debtor Days
- 40
- Inventory Days
- 0
- Payable Days
- 0
- 40
- Debt to Equity (x)
- 0.10x
- Interest Coverage (x)
- 5.02x
- 2.16x
- Revenue Growth %
- 51.59%
- Operating Profit Growth %
- 62.00%
- Net Profit Growth %
- 159.77%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 1.03
- Book Value (₹)
- 2.47
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 0.32
- Operating Margin %
- 39.42%
- Net Margin %
- 25.83%
- ROE %
- 48.80%
- ROCE %
- 54.85%
- 27.88%
- Debtor Days
- 71
- Inventory Days
- 0
- Payable Days
- 0
- 71
- Debt to Equity (x)
- 0.19x
- Interest Coverage (x)
- 13.70x
- 1.72x
- Revenue Growth %
- 69.67%
- Operating Profit Growth %
- 126.32%
- Net Profit Growth %
- 236.24%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 1.30
- Book Value (₹)
- 3.30
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 0.36
- Operating Margin %
- 43.11%
- Net Margin %
- 25.69%
- ROE %
- 44.97%
- ROCE %
- 57.91%
- 22.83%
- Debtor Days
- 55
- Inventory Days
- 0
- Payable Days
- 0
- 55
- Debt to Equity (x)
- 0.23x
- Interest Coverage (x)
- 9.54x
- 1.78x
- Revenue Growth %
- 26.44%
- Operating Profit Growth %
- 38.27%
- Net Profit Growth %
- 25.78%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 2.25
- Book Value (₹)
- 4.06
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 0.61
- Operating Margin %
- 61.63%
- Net Margin %
- 43.43%
- ROE %
- 61.20%
- ROCE %
- 73.31%
- 34.41%
- Debtor Days
- 27
- Inventory Days
- 0
- Payable Days
- 0
- 27
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 23.81x
- 2.31x
- Revenue Growth %
- 2.78%
- Operating Profit Growth %
- 46.94%
- Net Profit Growth %
- 73.72%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 2.03
- Book Value (₹)
- 5.44
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 0.55
- Operating Margin %
- 131.56%
- Net Margin %
- 102.72%
- ROE %
- 42.77%
- ROCE %
- 50.39%
- 32.00%
- Debtor Days
- 57
- Inventory Days
- 0
- Payable Days
- 0
- 57
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 26.12x
- 6.42x
- Revenue Growth %
- -61.87%
- Operating Profit Growth %
- -18.60%
- Net Profit Growth %
- -9.81%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 1.57
- Book Value (₹)
- 5.76
- Dividend per Share (₹)
- 1.25
- Cash EPS (₹)
- 0.44
- Operating Margin %
- 48.87%
- Net Margin %
- 40.02%
- ROE %
- 28.09%
- ROCE %
- 30.99%
- 21.29%
- Debtor Days
- 20
- Inventory Days
- 0
- Payable Days
- 0
- 20
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 47.57x
- 1.74x
- Revenue Growth %
- 98.77%
- Operating Profit Growth %
- -26.17%
- Net Profit Growth %
- -22.56%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 1.00
- Book Value (₹)
- 1.89
- Dividend per Share (₹)
- 0.75
- Cash EPS (₹)
- 1.07
- Operating Margin %
- 57.32%
- Net Margin %
- 47.51%
- ROE %
- 60.31%
- ROCE %
- 68.85%
- 45.17%
- Debtor Days
- 12
- Inventory Days
- 0
- Payable Days
- 0
- 12
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 87.41x
- 2.94x
- Revenue Growth %
- 115.62%
- Operating Profit Growth %
- 152.92%
- Net Profit Growth %
- 156.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 0.90
- Book Value (₹)
- 2.11
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 1.05
- Operating Margin %
- 10.97%
- Net Margin %
- 31.20%
- ROE %
- 45.01%
- ROCE %
- 50.39%
- 33.27%
- Debtor Days
- 34
- Inventory Days
- 0
- Payable Days
- 0
- 34
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 21.60x
- 2.72x
- Revenue Growth %
- 36.65%
- Operating Profit Growth %
- -2.58%
- Net Profit Growth %
- -10.29%
- -10.49%
- P/E (x)
- 349.48x
- P/B (x)
- 149.22x
- Dividend Yield %
- 0.32%
- 266.38x
- EPS (₹)
- 0.53
- Book Value (₹)
- 2.21
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 0.86
- Operating Margin %
- -4.27%
- Net Margin %
- 15.86%
- ROE %
- 24.70%
- ROCE %
- 27.99%
- 12.77%
- Debtor Days
- 42
- Inventory Days
- 0
- Payable Days
- 0
- 42
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 6.30x
- 1.74x
- Revenue Growth %
- 16.73%
- Operating Profit Growth %
- -15.96%
- Net Profit Growth %
- -40.65%
- -40.65%
- P/E (x)
- 744.14x
- P/B (x)
- 179.30x
- Dividend Yield %
- 0.25%
- 400.01x
Documents
Announcements
- Acquisition
2026-08-20 - BLS International Services Limited has informed the Exchange about Acquisition of additional equity stake in BLS E-Services Limited
- Amalgamation/Merger
2026-08-18 - BLS International Services Limited has informed the Exchange about Merger of Step down Subsidiary of the Company
Annual Reports
Credit Ratings
- Credit Rating
2026-08-05 - BLS International Services Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
May 2026
Feb 2026

