BLS E-Services Ltd.

320.9-0.06%

2026-08-21

blseservices.comBSE: 544107NSE: BLSE
Market Cap₹ 2,853 Cr.
Current Price₹ 321
High / Low₹ 325 / 124
Stock P/E49.1
Book Value₹ 60
Price to Book2.81
Dividend Yield0.16 %
ROCE17.5 %
ROE12.9 %
Face Value₹ 10

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ABOUT

KEY POINTS

PROS

  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 27.4%
  • Promoters have been increasing their shareholding - up 3.0pp over 2 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 20.4%
  • Company has consistently been profitable over the last 5 years
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.03x)

CONS

  • Receivables are growing faster than sales - a possible quality concern
  • A large part of profit comes from other income (33.1% of PBT)

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

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.URBANCO147.400.0022731.740.00-921.20-13373.785283.401338.56-8.23-18.44
2.BLS271.3015.8311170.530.92201.6211.41890.5325.3341.5128.34
3.SIS413.8539.925848.981.69101.669.374603.5829.737.394.66
4.QUESS336.5019.905025.963.2782.1261.074181.6814.5224.722.02
5.BLSE314.0049.092852.890.1618.636.30304.0924.6317.526.98
6.TEAMLEASE1239.8512.801894.660.0034.4537.743034.694.9614.521.05
7.BLUSPRING119.800.001791.040.00-1.5877.90949.2919.071.322.17
8.KAPSTON523.4052.231592.820.0084.891284.832216.571062.3313.166.56
9.UDS216.7516.721451.210.0030.284.47764.299.159.995.54
10.GCSL522.9546.361263.410.1312.801240.3137.5270.7121.8546.76
11.KRYSTAL628.7014.31878.420.2417.415.92360.7111.6517.526.33
12.INNOVISION266.9517.22635.700.00-73.55-771.262638.15948.0337.59-3.82
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
75
67
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
1
9
Tax %
35.27%
Net Profit
0
1
Equity Capital
67
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
67
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
81
69
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
1
12
Tax %
25.18%
Net Profit
0
1
Equity Capital
67
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
67
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
72
61
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
1
11
Tax %
24.36%
Net Profit
0
1
Equity Capital
67
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
67
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
74
63
Operating Profit
OPM %
Other Income
5
Interest
0
Depreciation
1
14
Tax %
24.34%
Net Profit
0
1
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
75
64
Operating Profit
OPM %
Other Income
7
Interest
0
Depreciation
1
17
Tax %
27.16%
Net Profit
13
1
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
77
64
Operating Profit
OPM %
Other Income
7
Interest
0
Depreciation
1
19
Tax %
23.32%
Net Profit
15
2
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
128
112
Operating Profit
OPM %
Other Income
5
Interest
0
Depreciation
2
19
Tax %
26.61%
Net Profit
14
1
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
239
220
Operating Profit
OPM %
Other Income
6
Interest
0
Depreciation
2
23
Tax %
25.80%
Net Profit
17
1
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
244
226
Operating Profit
OPM %
Other Income
7
Interest
0
Depreciation
1
23
Tax %
25.00%
Net Profit
18
2
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
270
250
Operating Profit
OPM %
Other Income
6
Interest
0
Depreciation
2
25
Tax %
25.66%
Net Profit
18
2
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
281
264
Operating Profit
OPM %
Other Income
6
Interest
0
Depreciation
2
21
Tax %
27.35%
Net Profit
15
1
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
323
303
Operating Profit
OPM %
Other Income
6
Interest
0
Depreciation
2
24
Tax %
24.06%
Net Profit
18
2
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
304
284
Operating Profit
OPM %
Other Income
6
Interest
0
Depreciation
1
25
Tax %
26.40%
Net Profit
19
0
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
64
60
Operating Profit
5
OPM %
9
Other Income
1
Interest
1
Depreciation
0
4
Tax %
20
Net Profit
3
EPS
1
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2022
97
90
Operating Profit
9
OPM %
9
Other Income
2
Interest
1
Depreciation
1
7
Tax %
21
Net Profit
5
EPS
1
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2023
243
210
Operating Profit
36
OPM %
15
Other Income
3
Interest
4
Depreciation
3
27
Tax %
25
Net Profit
20
EPS
3
Dividend Payout %
0
Minority Interest
-1
Share of Associates
0
Adjusted EPS
3
Minority Interest
-1
Share of Associates
0
Adjusted EPS
3
Mar 2024
301
260
Operating Profit
50
OPM %
17
Other Income
8
Interest
1
Depreciation
3
46
Tax %
27
Net Profit
34
EPS
3
Dividend Payout %
0
Minority Interest
-2
Share of Associates
0
Adjusted EPS
3
Minority Interest
-2
Share of Associates
0
Adjusted EPS
3
Mar 2025
519
459
Operating Profit
86
OPM %
17
Other Income
26
Interest
1
Depreciation
6
79
Tax %
26
Net Profit
59
EPS
6
Dividend Payout %
17
Minority Interest
-6
Share of Associates
0
Adjusted EPS
6
Minority Interest
-6
Share of Associates
0
Adjusted EPS
6
TTM
1,178
1,101
Operating Profit
OPM %
Other Income
23
Interest
1
Depreciation
6
95
Tax %
26
Net Profit
70
EPS
Dividend Payout %
Minority Interest
3
Share of Associates
0
Adjusted EPS
Minority Interest
3
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
75%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:
114%

STOCK PRICE CAGR

10 Years:
5 Years:
3 Years:
1 Year:
79%

RETURN ON EQUITY

10 Years:
5 Years:
83%
3 Years:
20%
Last Year:
13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

Feb 13

₹ 0.05

Rs.0.5000 per share(5%)Interim Dividend

2025

Sep 8

₹ 0.10

Rs.1.0000 per share(10%) Final Dividend

2026

May 18

₹ 0.05

Rs.0.5000 per share(5%)Final Dividend

Mar 2021
Equity Capital
0
1
11
Trade Payables
2
24
Total Liabilities
38
8
Capital Work in Progress
0
0
0
0
Cash & Bank
9
21
Total Assets
38
Total Debt
11
Net Working Capital
-10
Contingent Liabilities
20
Book Value per Share
1406.00
Face Value
10.00
Total Debt
11
Net Working Capital
-10
Contingent Liabilities
20
Book Value per Share
1406.00
Face Value
10.00
Mar 2022
Equity Capital
0
7
2
Trade Payables
8
37
Total Liabilities
53
15
Capital Work in Progress
0
0
0
0
Cash & Bank
14
25
Total Assets
53
Total Debt
9
Net Working Capital
-1
Contingent Liabilities
20
Book Value per Share
6793.90
Face Value
10.00
Total Debt
9
Net Working Capital
-1
Contingent Liabilities
20
Book Value per Share
6793.90
Face Value
10.00
Mar 2023
Equity Capital
67
40
0
Trade Payables
2
67
Total Liabilities
177
88
Capital Work in Progress
0
0
1
0
Cash & Bank
45
44
Total Assets
177
Total Debt
0
Net Working Capital
6
Contingent Liabilities
23
Book Value per Share
16.03
Face Value
10.00
Total Debt
0
Net Working Capital
6
Contingent Liabilities
23
Book Value per Share
16.03
Face Value
10.00
Mar 2024
Equity Capital
91
340
0
Trade Payables
3
75
Total Liabilities
509
93
Capital Work in Progress
0
15
2
25
Cash & Bank
252
122
Total Assets
509
Total Debt
0
Net Working Capital
243
Contingent Liabilities
23
Book Value per Share
47.45
Face Value
10.00
Total Debt
0
Net Working Capital
243
Contingent Liabilities
23
Book Value per Share
47.45
Face Value
10.00
Mar 2025
Equity Capital
91
392
0
Trade Payables
55
134
Total Liabilities
671
148
Capital Work in Progress
11
110
0
93
Cash & Bank
91
218
Total Assets
671
Total Debt
0
Net Working Capital
157
Contingent Liabilities
3
Book Value per Share
53.13
Face Value
10.00
Total Debt
0
Net Working Capital
157
Contingent Liabilities
3
Book Value per Share
53.13
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
9
Cash from Investing
-1
Cash from Financing
-5
3
Free Cash Flow
9
OCF / Net Profit
2.74
Cumulative 5-Year FCF
0
OCF / Net Profit
2.74
Cumulative 5-Year FCF
0
Mar 2022
20
Cash from Investing
-14
Cash from Financing
-8
-1
Free Cash Flow
12
OCF / Net Profit
3.67
Cumulative 5-Year FCF
0
OCF / Net Profit
3.67
Cumulative 5-Year FCF
0
Mar 2023
29
Cash from Investing
-66
Cash from Financing
46
10
Free Cash Flow
-47
OCF / Net Profit
1.42
Cumulative 5-Year FCF
0
OCF / Net Profit
1.42
Cumulative 5-Year FCF
0
Mar 2024
20
Cash from Investing
-295
Cash from Financing
290
15
Free Cash Flow
11
OCF / Net Profit
0.59
Cumulative 5-Year FCF
0
OCF / Net Profit
0.59
Cumulative 5-Year FCF
0
Mar 2025
67
Cash from Investing
-23
Cash from Financing
-4
40
Free Cash Flow
-5
OCF / Net Profit
1.14
Cumulative 5-Year FCF
0
OCF / Net Profit
1.14
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
EPS (₹)
3148.20
Book Value (₹)
1406.00
Dividend per Share (₹)
0.00
Cash EPS (₹)
1.07
Operating Margin %
8.52%
Net Margin %
4.88%
ROE %
223.91%
ROCE %
26.20%
8.27%
Debtor Days
50
Inventory Days
0
Payable Days
14
36
Debt to Equity (x)
7.83x
Interest Coverage (x)
3.62x
0.67x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
5379.60
Book Value (₹)
6793.90
Dividend per Share (₹)
0.00
Cash EPS (₹)
2.06
Operating Margin %
8.95%
Net Margin %
5.56%
ROE %
131.21%
ROCE %
35.20%
11.80%
Debtor Days
33
Inventory Days
0
Payable Days
27
5
Debt to Equity (x)
1.29x
Interest Coverage (x)
7.41x
0.96x
Revenue Growth %
49.95%
Operating Profit Growth %
57.53%
Net Profit Growth %
70.88%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
2.83
Book Value (₹)
16.03
Dividend per Share (₹)
0.00
Cash EPS (₹)
3.46
Operating Margin %
14.96%
Net Margin %
8.36%
ROE %
35.75%
ROCE %
47.37%
17.69%
Debtor Days
20
Inventory Days
1
Payable Days
227
-206
Debt to Equity (x)
0.00x
Interest Coverage (x)
7.76x
1.10x
Revenue Growth %
151.36%
Operating Profit Growth %
320.02%
Net Profit Growth %
277.94%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
3.46
Book Value (₹)
47.45
Dividend per Share (₹)
0.00
Cash EPS (₹)
4.06
Operating Margin %
13.90%
Net Margin %
11.12%
ROE %
12.47%
ROCE %
17.33%
9.78%
Debtor Days
26
Inventory Days
1
Payable Days
40
-13
Debt to Equity (x)
0.00x
Interest Coverage (x)
50.27x
4.69x
Revenue Growth %
24.03%
Operating Profit Growth %
37.54%
Net Profit Growth %
64.95%
22.14%
P/E (x)
89.70x
P/B (x)
6.53x
Dividend Yield %
0.00%
51.29x
Mar 2025
EPS (₹)
5.79
Book Value (₹)
53.13
Dividend per Share (₹)
1.00
Cash EPS (₹)
7.16
Operating Margin %
11.57%
Net Margin %
11.32%
ROE %
12.87%
ROCE %
17.52%
9.97%
Debtor Days
42
Inventory Days
1
Payable Days
362
-319
Debt to Equity (x)
0.00x
Interest Coverage (x)
85.71x
2.06x
Revenue Growth %
72.27%
Operating Profit Growth %
72.58%
Net Profit Growth %
75.36%
67.40%
P/E (x)
25.77x
P/B (x)
2.81x
Dividend Yield %
0.67%
14.64x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
68.89
5.69
0.01
Government
0.00
25.41
Sep 2024
68.89
1.42
0.01
Government
0.00
29.68
Dec 2024
68.89
0.78
0.01
Government
0.00
30.31
Mar 2025
68.89
0.41
0.02
Government
0.00
30.68
Jun 2025
68.89
0.25
0.00
Government
0.00
30.86
Sep 2025
68.89
0.21
0.00
Government
0.00
30.90
Dec 2025
68.89
0.99
0.11
Government
0.00
30.01
Mar 2026
69.81
0.46
0.01
Government
0.00
29.72
Jun 2026
71.87
0.64
0.02
Government
0.00
27.47

Documents

Announcements

  • Copy of Newspaper Publication

    2026-08-19 - In continuation of the Company s earlier announcement dated August 18, 2026, we hereby submit the Newspaper advertisements published in Jansatta (Hindi Language, Delhi Edition) on August 19, 2026.

  • Copy of Newspaper Publication

    2026-08-18 - The Company has published Newspaper Advertisements for the attention of the Equity Shareholders of the Company in respect of information regarding the AGM scheduled to be held on Tuesday, September 15, 2026 at 03:00 p.m. (IST) through Video Conferencing/Other Audio Visual Means ( VC/OAVM ) facility and other related information, published today i.e. Tuesday, August 18, 2026 in the following newspapers:1. Financial Express- English Language- All edition2. Jansatta- Hindi Language Delhi Edition

Credit Ratings

Nothing filed yet.

Concalls

  • Aug 2026

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  • May 2026

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  • Feb 2026

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