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/E0.0
Book Value₹ 47
Price to Book3.23
Dividend Yield0.16 %
ROCE9.2 %
ROE6.8 %
Face Value₹ 10

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ABOUT

KEY POINTS

PROS

  • Company is almost debt free
  • Promoters have been increasing their shareholding - up 3.0pp over 2 years
  • Operating margins have improved to 30.9% from -82.0%
  • Company has been maintaining a healthy dividend payout of 33.1%
  • Working capital cycle has improved - days down from 1826 to 52
  • Company comfortably covers its interest (16.9x coverage)

CONS

  • Receivables are growing faster than sales - a possible quality concern
  • Recent results are weak - TTM profit is down 37.5% versus prior year
  • A large part of profit comes from other income (51.9% of PBT)
  • Company has a low return on equity of 3.9% over last 3 years
  • Company has a low return on capital employed of 8.1%

* 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

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023
8
7
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
0
-0
Tax %
-203.03%
Net Profit
-1
-0
Equity Capital
67
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
67
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
10
7
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
0
2
Tax %
20.83%
Net Profit
2
0
Equity Capital
67
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
67
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
8
7
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
0
1
Tax %
23.66%
Net Profit
1
0
Equity Capital
67
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
67
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
14
8
Operating Profit
OPM %
Other Income
3
Interest
1
Depreciation
0
8
Tax %
24.59%
Net Profit
6
1
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
12
8
Operating Profit
OPM %
Other Income
6
Interest
1
Depreciation
0
9
Tax %
25.37%
Net Profit
7
1
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
18
11
Operating Profit
OPM %
Other Income
6
Interest
1
Depreciation
0
11
Tax %
25.09%
Net Profit
9
1
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
21
12
Operating Profit
OPM %
Other Income
5
Interest
1
Depreciation
0
14
Tax %
25.26%
Net Profit
10
1
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
16
16
Operating Profit
OPM %
Other Income
3
Interest
0
Depreciation
0
3
Tax %
24.91%
Net Profit
2
0
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
15
13
Operating Profit
OPM %
Other Income
4
Interest
0
Depreciation
0
5
Tax %
25.34%
Net Profit
4
0
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
24
21
Operating Profit
OPM %
Other Income
4
Interest
0
Depreciation
0
7
Tax %
25.00%
Net Profit
5
1
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
23
20
Operating Profit
OPM %
Other Income
3
Interest
0
Depreciation
0
6
Tax %
26.58%
Net Profit
4
0
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
26
23
Operating Profit
OPM %
Other Income
3
Interest
0
Depreciation
0
6
Tax %
25.90%
Net Profit
5
0
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
19
17
Operating Profit
OPM %
Other Income
3
Interest
0
Depreciation
0
5
Tax %
25.94%
Net Profit
3
0
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
91
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021
2
2
Operating Profit
2
OPM %
110
Other Income
2
Interest
1
Depreciation
0
1
Tax %
-0
Net Profit
1
EPS
858
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2022
10
19
Operating Profit
-8
OPM %
-82
Other Income
0
Interest
1
Depreciation
0
-9
Tax %
29
Net Profit
-7
EPS
-6,527
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
21
11
Operating Profit
10
OPM %
48
Other Income
0
Interest
6
Depreciation
0
2
Tax %
36
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
Mar 2024
40
29
Operating Profit
14
OPM %
35
Other Income
3
Interest
3
Depreciation
0
11
Tax %
31
Net Profit
7
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 2025
67
46
Operating Profit
40
OPM %
59
Other Income
19
Interest
2
Depreciation
1
37
Tax %
25
Net Profit
27
EPS
3
Dividend Payout %
33
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
TTM
91
80
Operating Profit
OPM %
Other Income
12
Interest
0
Depreciation
1
23
Tax %
26
Net Profit
17
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:
5 Years:
3 Years:
86%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:
5 Years:
-8%
3 Years:
4%
Last Year:
7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
14
18
Total Liabilities
32
0
Capital Work in Progress
0
13
0
Cash & Bank
0
19
Total Assets
32
Total Debt
11
Net Working Capital
13
Contingent Liabilities
0
Book Value per Share
14133.80
Face Value
10.00
Total Debt
11
Net Working Capital
13
Contingent Liabilities
0
Book Value per Share
14133.80
Face Value
10.00
Mar 2022
Equity Capital
0
8
9
Total Liabilities
17
0
Capital Work in Progress
0
13
0
Cash & Bank
1
4
Total Assets
17
Total Debt
7
Net Working Capital
-1
Contingent Liabilities
0
Book Value per Share
7607.10
Face Value
10.00
Total Debt
7
Net Working Capital
-1
Contingent Liabilities
0
Book Value per Share
7607.10
Face Value
10.00
Mar 2023
Equity Capital
67
26
45
Total Liabilities
137
0
Capital Work in Progress
0
131
0
Cash & Bank
1
5
Total Assets
137
Total Debt
35
Net Working Capital
-2
Contingent Liabilities
0
Book Value per Share
13.83
Face Value
10.00
Total Debt
35
Net Working Capital
-2
Contingent Liabilities
0
Book Value per Share
13.83
Face Value
10.00
Mar 2024
Equity Capital
91
302
49
Total Liabilities
442
1
Capital Work in Progress
0
131
4
Cash & Bank
203
102
Total Assets
442
Total Debt
31
Net Working Capital
198
Contingent Liabilities
0
Book Value per Share
43.19
Face Value
10.00
Total Debt
31
Net Working Capital
198
Contingent Liabilities
0
Book Value per Share
43.19
Face Value
10.00
Mar 2025
Equity Capital
91
328
31
Total Liabilities
450
1
Capital Work in Progress
11
221
14
Cash & Bank
9
194
Total Assets
450
Total Debt
3
Net Working Capital
9
Contingent Liabilities
0
Book Value per Share
46.11
Face Value
10.00
Total Debt
3
Net Working Capital
9
Contingent Liabilities
0
Book Value per Share
46.11
Face Value
10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021
2
Cash from Investing
-0
Cash from Financing
-1
0
Free Cash Flow
2
OCF / Net Profit
2.17
Cumulative 5-Year FCF
0
OCF / Net Profit
2.17
Cumulative 5-Year FCF
0
Mar 2022
9
Cash from Investing
-0
Cash from Financing
-9
0
Free Cash Flow
9
OCF / Net Profit
-1.36
Cumulative 5-Year FCF
0
OCF / Net Profit
-1.36
Cumulative 5-Year FCF
0
Mar 2023
12
Cash from Investing
-118
Cash from Financing
107
1
Free Cash Flow
12
OCF / Net Profit
11.80
Cumulative 5-Year FCF
0
OCF / Net Profit
11.80
Cumulative 5-Year FCF
0
Mar 2024
4
Cash from Investing
-287
Cash from Financing
288
5
Free Cash Flow
3
OCF / Net Profit
0.55
Cumulative 5-Year FCF
0
OCF / Net Profit
0.55
Cumulative 5-Year FCF
0
Mar 2025
9
Cash from Investing
26
Cash from Financing
-33
2
Free Cash Flow
-2
OCF / Net Profit
0.34
Cumulative 5-Year FCF
0
OCF / Net Profit
0.34
Cumulative 5-Year FCF
0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021
EPS (₹)
857.70
Book Value (₹)
14133.80
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.29
Operating Margin %
110.08%
Net Margin %
50.42%
ROE %
6.07%
ROCE %
7.36%
2.66%
Debtor Days
3618
Inventory Days
0
Payable Days
0
3618
Debt to Equity (x)
0.78x
Interest Coverage (x)
1.86x
2.77x
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 (₹)
-6526.70
Book Value (₹)
7607.10
Dividend per Share (₹)
0.00
Cash EPS (₹)
-2.17
Operating Margin %
-81.97%
Net Margin %
-63.28%
ROE %
-60.04%
ROCE %
-42.33%
-26.51%
Debtor Days
0
Inventory Days
0
Payable Days
0
0
Debt to Equity (x)
0.95x
Interest Coverage (x)
-11.87x
0.82x
Revenue Growth %
506.34%
Operating Profit Growth %
-551.52%
Net Profit Growth %
-860.95%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
0.15
Book Value (₹)
13.83
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.16
Operating Margin %
47.71%
Net Margin %
5.02%
ROE %
2.06%
ROCE %
10.11%
1.34%
Debtor Days
31
Inventory Days
0
Payable Days
0
31
Debt to Equity (x)
0.38x
Interest Coverage (x)
1.29x
0.72x
Revenue Growth %
99.07%
Operating Profit Growth %
215.88%
Net Profit Growth %
115.79%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
0.80
Book Value (₹)
43.19
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.82
Operating Margin %
26.79%
Net Margin %
18.28%
ROE %
2.99%
ROCE %
5.03%
2.51%
Debtor Days
26
Inventory Days
0
Payable Days
0
26
Debt to Equity (x)
0.08x
Interest Coverage (x)
4.16x
12.38x
Revenue Growth %
93.18%
Operating Profit Growth %
43.55%
Net Profit Growth %
603.81%
417.03%
P/E (x)
388.33x
P/B (x)
7.18x
Dividend Yield %
0.00%
188.02x
Mar 2025
EPS (₹)
3.02
Book Value (₹)
46.11
Dividend per Share (₹)
1.00
Cash EPS (₹)
3.10
Operating Margin %
30.91%
Net Margin %
41.07%
ROE %
6.77%
ROCE %
9.22%
6.16%
Debtor Days
49
Inventory Days
0
Payable Days
0
49
Debt to Equity (x)
0.01x
Interest Coverage (x)
16.85x
1.35x
Revenue Growth %
68.47%
Operating Profit Growth %
182.21%
Net Profit Growth %
278.40%
278.38%
P/E (x)
49.36x
P/B (x)
3.23x
Dividend Yield %
0.67%
33.99x

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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