Logo
Whalesbook
HomeNewsCorporate NewsPremiumStocks
HomeNewsCorporate NewsPremiumStocks

BLS E-Services Ltd

₹ 194-2.70%
05 Jan – close price
🔗blseservices.com•BSE: 544107•NSE: BLSE
Market Cap₹ 1,762 Cr.
Current Price₹ 194
High / Low₹ 233
Stock P/E83.2
Book Value₹ 46.2
Dividend Yield0.52 %
ROCE9.18 %
ROE6.74 %
Face Value₹ 10.0
Sales₹ 75.8 Cr.
OPM19.1 %
Mar Cap₹ 1,762 Cr.

ABOUT

Incorporated in 2016, BLS-E ServicesLtd provides Digital Services includingE-Governance, Business Correspondentand allied services[1]

KEY POINTS

Business Overview:[1]a)BLSe is a subsidiary of BLS International Services Ltd.b)Company provides digital and physical products and services in the G2C, B2C, B2B categories in semi-urban, rural and remote areasc)In FY24, company has ~1.21+ LacTouchpoints, BLS stores ~1,000+, Business Correspondents ~29,700+, Bank Tie-ups (for Business Corspndt.) ~16, and ~130+Million Transactions

Also present in buckets:
Excellent ResultsCapacity Expansion And ProductsJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.L&T Technology4416.1036.6346805.941.25329.202.852979.5015.8028.2911480.9016.751277.90328.707.5613.920.10
2.Inventurus Knowl1701.3047.9029205.050.00180.7259.93781.0921.5227.202902.3131.55609.74180.7213.0316.710.34
3.Tata Technolog.651.0538.1026415.941.28165.505.141323.332.0725.805170.6516.93693.29165.507.4111.060.07
4.Affle 3i1821.9061.1325629.980.00110.5120.13646.7219.1316.822471.3822.30419.30110.517.8711.090.01
5.Sagility52.0230.4824352.270.10250.83113.761658.5025.179.586218.9924.55798.87250.832.745.080.14
6.Netweb Technol.3274.60137.5818551.880.0831.4320.05303.7220.9832.451353.5714.29134.8431.4332.0615.150.03
7.Cyient1154.2022.7412823.422.25142.90-34.471781.00-3.6816.587328.4013.90563.86117.362.308.870.08
8.BLS E-Services193.9783.211762.340.524.98-41.6923.8231.759.1875.7719.0621.184.984.206.140.00
–Median: 62 Co.312.5733.67873.820.010.4520.5110.0420.9816.04249.2714.6828.779.843.389.280.08

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2023Sep 2024Sep 2025
Sales
3.818.2121.377.7211.6814.8910.7613.6115.6910.1318.0823.82
Expenses
2.996.5211.587.237.5413.182.797.9715.847.3911.3420.73
Operating Profit
0.821.699.790.494.141.717.975.64-0.152.746.743.09
Other Income
-24.580.064.530.005.513.7122.023.373.490.015.503.76
Profit before tax
-25.330.9213.58-0.338.835.2128.768.012.881.9211.406.64
Tax %
-25.19%23.91%25.26%203.03%25.37%25.34%25.76%24.59%25.35%20.83%25.09%25.00%
Net Profit
-18.960.7010.15-1.006.593.8921.356.042.161.528.544.98
EPS in Rs
-2.840.101.12-0.150.730.433.200.660.240.230.940.55

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
121021406776
Expenses
321911294661
Operating Profit
-2-0-910112114
Other Income
120-231915
Interest
2116321
Depreciation
0000011
Profit before tax
-31-92113728
Net Profit
-31-7172721
EPS in Rs
-2,570.00860.00-6,530.000.150.803.022.34
Dividend Payout %
0%0%0%0%0%33%–

Compounded Profit Growth

10 Years:%
5 Years:66%
3 Years:84%
TTM:-3%

Compounded Sales Growth

10 Years:%
5 Years:135%
3 Years:86%
TTM:47%

Return on Equity

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

Stock Price CAGR

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

Balance Sheet

Standalone figures in ₹ crores

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
0.010.010.0167919191
Reserves
1314826302328329
Borrowings
12117353240
Other Liabilities
67512172733
Total Liabilities
313220139442450453
Fixed Assets
0000111
Gross Block
0.220.220.220.201.032.06–
Accumulated Depreciation
0.150.170.180.120.331.01–
CWIP
000001112
Investments
121313131131221246
Other Assets
192078310217195
Total Assets
313220139442450453

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
7291249
Cash from Investing Activity
-3-0-0-118-28726
Cash from Financing Activity
-8-1-9107288-33
Net Cash Flow
-400152

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
6,5473,6200313677
Inventory Days
000001
Days Payable
–––––0
Cash Conversion Cycle
6,5473,6200313678
Working Capital Days
315266-51-57-49-37
ROCE %
–7%-43%14%5%9%

Shareholding Pattern

Numbers in percentages

Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
68.89%68.89%68.89%68.89%68.89%68.89%68.89%
FIIs
9.27%5.69%1.42%0.78%0.41%0.25%0.21%
DIIs
0.01%0.01%0.01%0.01%0.02%0.00%0.00%
Public
21.83%25.40%29.68%30.31%30.67%30.85%30.90%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

BLS E-Services Confirms No Share Dematerialization in Q4 FY26

7th April 2026, 11:34 pm

BLS E-Services Updates ATPL Acquisition Timeline, Extends Binding Offer

1st April 2026, 3:34 am

BLS E-Services to close trading window from April 1, 2026 for financial results

25th March 2026, 10:22 pm

BLS E-Services Shareholders Approve IPO Proceeds Utilization Plan

18th March 2026, 12:23 am

BLS E-Services EGM Approves IPO Proceeds Use Changes, Extends Utilization Timeline

17th March 2026, 12:54 am

Published by Other Websites

External media mentions & references

BLS International Deploys AI VoiceBot for Spain Visa Applications

23rd February 2026, 4:03 pm

Market Movers: Delhivery EVs, Reliance Africa JV, TCS AI, Cochin Shipyard Win Big

17th February 2026, 8:03 am

BLS E-Services Acquires Atyati Tech for ₹154 Cr, Bolstering Lending Capabilities

16th February 2026, 4:42 pm

IT Stocks Steady as AI Fear Peaks; Motilal Oswal Sees Valuations Pricing In Shock

16th February 2026, 12:58 pm

Dividend Rush: 30+ Indian Stocks Turn Ex-Dividend Next Week

6th February 2026, 1:04 pm

News Articles

Editorial & research coverage

India's IPO Market Shatters Records, But Retail Investors Demand Value: Are Big Listings Missing the Mark?
India's IPO Market Shatters Records, But Retail Investors Demand Value: Are Big Listings Missing the Mark?

23rd November 2025, 1:24 pm

Indian Stock Market Ends Week Lower Amid FII Outflows; PSU Banks Shine
Indian Stock Market Ends Week Lower Amid FII Outflows; PSU Banks Shine

8th November 2025, 1:20 pm

BLS E-Services Declares 5% Dividend Amidst Mixed Q3 Results
BLS E-Services Declares 5% Dividend Amidst Mixed Q3 Results
BLS E-Services Q3 Revenue Soars 115%, But Margins Squeeze Sharply
BLS E-Services Q3 Revenue Soars 115%, But Margins Squeeze Sharply
BLS E-Services Surges 120% Revenue Post-Acquisition, But Margins Compress
BLS E-Services Surges 120% Revenue Post-Acquisition, But Margins Compress

Documents

Announcements

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Newspaper Publication

12 Nov 2025 - Company has published the Newspaper advertisement of unaudited financial results of the Company for the second quarter and half year ended on September 30, 2025 …

Announcement under Regulation 30 (LODR)-Monitoring Agency Report

11 Nov 2025 - Crisil monitoring report: IPO net proceeds Rs27,774.50 lakh; Rs2,090.00 lakh paid for Aadifidelis acquisition; unutilized Rs15,878.95 lakh.

Announcement under Regulation 30 (LODR)-Investor Presentation

10 Nov 2025 - Investor Presentation with respect to unaudited financial results of the Company for the second quarter and half year ended September 30, 2025

Announcement under Regulation 30 (LODR)-Press Release / Media Release

10 Nov 2025 - Q2FY26 total income Rs276.0cr (+226.8% YoY); PAT Rs18.3cr; H1 total Rs527.2cr; new partnerships.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Credit Ratings

No credit ratings.

Concalls

Nov 2025

PPT

Aug 2025

PPT

May 2025

PPT

May 2025

PPT

Feb 2025

PPT

Feb 2025

PPT

Nov 2024

PPT

Aug 2024

PPT

May 2024

PPT

Stock Analysis

Description

BLS E-Services Ltd provides digital services including E-Governance, Business Correspondent, and allied services, operating in semi-urban, rural, and remote areas.

Key Growth Triggers

Currently no data available for Key Growth Triggers.

Order Book

Currently no data available for Order Book.

Key Red Flags

Currently no data available for Key Red Flags.

Key Dates To Watch

Currently no data available for Key Dates To Watch.

Corporate Announcements

7th Apr 26
Impact Rating: 6
BLS E-Services Limited confirmed compliance for the quarter ended March 31, 2026. Its RTA, KFIN Technologies, reported zero requests for share dematerialization or re-materialization during the period.
31st Mar 26
Impact Rating: 8
BLS E-Services has extended its binding offer for the acquisition of Atyati Technologies Private Limited (ATPL). The deal is now expected to complete by April 30, 2026, with the previous target being March 31, 2026, subject to necessary approvals.
25th Mar 26
Impact Rating: 5
Complying with SEBI regulations, BLS E-Services Limited is closing its trading window for insiders and relatives from April 1, 2026. The restriction will end 48 hours after the company publicly releases its audited financial results for the fourth quarter and the financial year that concluded on March 31, 2026.
17th Mar 26
Impact Rating: 7
BLS E-Services Limited held an EGM on March 16, 2026, where shareholders overwhelmingly approved a special resolution concerning the utilization of Initial Public Offering (IPO) proceeds and the extension of the time limit for their use.
16th Mar 26
Impact Rating: 6
BLS E-Services Limited held its Extra-Ordinary General Meeting on March 16, 2026, via Video Conference. The key agenda was a special resolution to change how IPO proceeds are used and extend the timeline for their utilization.