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Bls International Services Ltd

BLS

Bls International Services Ltd

BLS
Information TechnologyOutsourced services
SmallcapWith a market cap of ₹16,365 cr, stock is ranked 402
High RiskStock is 3.50x as volatile as Nifty
406.702.22% (+8.85)
406.702.22% (+8.85)

Price Chart

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1D
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1M
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Max
SIP
Information TechnologyOutsourced services
SmallcapWith a market cap of ₹16,365 cr, stock is ranked 402
High RiskStock is 3.50x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Information TechnologyOutsourced services
SmallcapWith a market cap of ₹16,365 cr, stock is ranked 402
High RiskStock is 3.50x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
45.6811.350.25%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
33.838.921.73%

Forecast & Ratings

Detailed Forecast 
—
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

BLS International Services provides outsourcing of visa, passport and attestation services to the client governments across the world

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 15.19%, vs industry avg of 6.19%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 6.44% to 9.68%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 24.36%, vs industry avg of 10.02%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue505.46637.43793.10846.39799.12497.03864.841,537.441,716.761,836.44
Raw Materialssubtract0.000.000.000.710.000.000.000.000.001,387.24
Power & Fuel Costsubtract0.450.660.570.880.270.120.311.602.00
Employee Costsubtract32.9241.7352.6666.7967.4743.7075.80139.64208.12
Selling & Administrative Expensessubtract14.5130.6361.7261.7367.1441.5158.5993.67104.45
Operating & Other expensessubtract419.41477.77514.31562.61593.66352.17607.111,060.971,011.62
Depreciation/Amortizationsubtract5.5325.9739.6019.0312.159.467.2518.4930.9438.72
Interest & Other Itemssubtract1.277.3413.4412.943.601.711.822.577.564.15
Taxes & Other Itemssubtract0.473.2514.2716.472.39-1.782.6819.7339.1148.10
EPS0.010.032.361.710.640.822.724.897.618.70
DPS0.000.090.130.130.130.130.310.751.000.75
Payout ratio0.002.900.050.070.200.150.120.150.130.09

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2023

Annual report

PDF

Investor Presentation

Jun 27PDF
Jun 27PDF
May 16PDF
+6 more
FY 2024

Annual report

PDF

Investor Presentation

Aug 9PDF
 

Peers & Comparison

Comparing 3 stocks from 
Information TechnologyOutsourced services

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Bls International Services Ltd52.2911.350.25%
Firstsource Solutions Ltd45.546.331.04%
eClerx Services Limited26.736.080.04%
Hinduja Global Solutions Ltd27.480.480.89%

Price Comparison

Compare BLS with any stock or ETF
Compare BLS with any stock or ETF
BLS
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 1.14%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 1.57%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding70.38%1.13%0.58%8.96%18.94%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep8.45%7.66%7.55%7.67%7.39%8.96%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Bls International Services Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Quant Small Cap Fund - Growth - Direct Plan

Growth
0.7069%0.43%-0.05%84/110 (-15)
Helios Flexi Cap Fund - Growth - Direct Plan

Growth
0.0998%0.80%0.80%66/68 (-7)
JM Small Cap Fund - Direct Plan - Growth

Growth
0.0466%1.36%1.36%68/90 (+15)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

BLS has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.25%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.52 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 5, 2024

Final
Final | Div/Share: ₹0.50

Dividend/Share

₹0.50

Ex DateEx Date

Sep 5, 2024

Cash Dividend

Ex DateEx DateFeb 23, 2024

Interim 1
Interim 1 | Div/Share: ₹0.50

Dividend/Share

₹0.50

Ex DateEx Date

Feb 23, 2024

Cash Dividend

Ex DateEx DateSep 14, 2023

Final
Final | Div/Share: ₹0.25

Dividend/Share

₹0.25

Ex DateEx Date

Sep 14, 2023

Cash Dividend

Ex DateEx DateFeb 17, 2023

Interim 1
Interim 1 | Div/Share: ₹0.50

Dividend/Share

₹0.50

Ex DateEx Date

Feb 17, 2023

Cash Dividend

Ex DateEx DateSep 13, 2022

Final
Final | Div/Share: ₹0.25

Dividend/Share

₹0.25

Ex DateEx Date

Sep 13, 2022

News & Opinions
Corporate
BLS International acquires majority stake in SLW Media

BLS International today announced that it has successfully completed the acquisition of 51% stake in SLW Media. SLW Media is a prominent sports management company with over two decades of experience in the golf industry. The acquisition will position BLS International as a global lifestyle and service brand, seamlessly blending premium leisure experiences with its core expertise in government and travel services. From a branding perspective, the synergy between golf events and BLS International's visa and consular services creates a unique value proposition. This strategic combination highlights BLS International's ability to cater to elite, high-net-worth individuals and corporate clients, enhancing its reputation as a provider of luxury, convenience, and exclusivity. Shikhar Aggarwal, Joint Managing Director of BLS International, said, We are quite excited on closing another acquisition within a span of few weeks of completing an acquisition in Dubai. By associating with prestigious golf events across the globe, BLS will not only strengthen its brand identity in the luxury segment but will also extends its reach into the upscale sports and leisure market, aligning its image with sophistication, global access, and high-level service. This synergy would effectively elevates brand perception, associating BLS International with not just efficient government services, but also a premium lifestyle experience.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
BLS completes acquisition of Dubai-based Citizenship Invest

BLS International Services today announced the successful completion of its acquisition of 100% stake in Citizenship Invest (CI), a Dubai-based firm specializing in fast-track investor programs for residency and citizenship across more than 15 countries. BLS, through its wholly owned subsidiary BLS International FZE, UAE, acquired CI for a total purchase consideration of USD 31 million (Rs 260 crore), fully funded through internal accruals. All necessary government and regulatory approvals were obtained ahead of schedule. For the calendar year 2023, Citizenship Invest reported audited revenues of USD 9.6 million (Rs 81 crore) and an EBITDA of USD 4.4 million (Rs 37 crore), with a robust EBITDA margin of 45%. The company experienced notable growth in 2023, with a 28% increase in revenue and a 43% rise in EBITDA. Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Spotlight
BLS International to acquire 100% stake in Citizenship Invest for Rs 260 crore

The transaction would be funded through internal accruals. The transaction is expected to be completed by 31 October 2024, subject to necessary approvals. Citizenship Invest is a Dubai-based advisory firm specializing in fast-track investor programs for obtaining residence and citizenship across more than 15 countries. Citizenship Invest has emerged as a key player in the citizenship and residency application market, offering services through 20 programs. To date, CI has successfully assisted over 1,800 clients from more than 85 nationalities, maintaining an impressive 99% application success rate - significantly higher than the industry average of 80%. For the calendar year 2023, Citizenship Invest reported audited revenues of $9.6 million (approximately Rs 81 crore) and an EBITDA of $4.4 million (nearly Rs 37 crore), reflecting a robust EBITDA margin of 45%. In CY23, the business witnessed a revenue growth of 28%, EBITDA growth of 43% and its margin expanded by 470. This acquisition marks a strategic expansion of BLS portfolio in Visa & Consular services, particularly in long-term visa solutions such as citizenship and residency services. Over its 15 years of operation, CI has built a strong brand and goodwill among high-net-worth individual (HNWI) clients, establishing itself as a reliable entity for citizenship and residency visa applications. Leveraging BLS' extensive global network across 66 countries, the acquisition is expected to significantly boost overall processing volumes. Shikhar Aggarwal, Joint Managing Director of BLS International Services, said: 'We are thrilled to announce the acquisition of Citizenship Invest, a company known for its expertise in long-term visa applications through citizenship and residency programs. This acquisition underscores our commitment to broadening our service offerings within the Visa & Consular space, and aligns with our strategic vision of enhancing synergies and boosting EBITDA. The company's outstanding 99% application success rate, combined with its high revenue per application, aligns perfectly with our customer-centric philosophy. By integrating CI into our portfolio, we are enhancing our capabilities in offering long-term visa solutions and further solidifying our position as a comprehensive global provider of visa and consular services. We are confident this acquisition will drive growth, increase application volumes, and strengthen our presence in the international market. BLS International Services is global tech-enabled services partner for governments and citizens. It operates in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa, and retail services since 2005. The company works with over 46 client governments including diplomatic missions, embassies & consulates and leverages technology and processes that ensure data security. The company's consolidated net profit jumped 70.16% to Rs 120.78 crore in Q1 FY25 as compared with Rs 70.98 crore in Q1 FY24. Revenue from operations jumped 28.47% YoY to Rs 492.66 crore during the quarter, the growth was mainly driven by the Visa & Consular business which witnessed a robust growth of 35.9% YoY in revenue. The scrip fell 3.86% to currently trade at Rs 439.75 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
BLS International Services to acquire Dubai-based Citizenship Invest

BLS International Services today announced the signing of a definitive agreement to acquire a 100% stake in Citizenship Invest (CI), a Dubai-based advisory firm specializing in fast-track investor programs for obtaining residence and citizenship across more than 15 countries. The acquisition value of 100% stake is US$ 31.0 mn (~Rs 260 crore) and the transaction would be funded through internal accruals. The transaction is expected to be completed by 31 October 2024, subject to necessary approvals. This acquisition marks a strategic expansion of BLS portfolio in Visa & Consular services, particularly in long-term visa solutions such as citizenship and residency services. Over its 15 years of operation, CI has built a strong brand and goodwill among high-net-worth individual (HNWI) clients, establishing itself as a reliable entity for citizenship and residency visa applications. Leveraging BLS' extensive global network across 66 countries, the acquisition is expected to significantly boost overall processing volumes. Founded in 2009, Citizenship Invest has emerged as a key player in the citizenship and residency application market, offering services through 20 programs. To date, CI has successfully assisted over 1,800 clients from more than 85 nationalities, maintaining an impressive 99% application success rate - significantly higher than the industry average of 80%. For the calendar year 2023, Citizenship Invest reported audited revenues of U$ 9.6 mn (~Rs 81 Crores) and an EBITDA of US$ 4.4 mn (~Rs 37 Crores), reflecting a robust EBITDA margin of 45%. In CY23, the business witnessed a revenue growth of 28%, EBITDA growth of 43% and its margin expanded by 470 bps compared to CY22. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Board of BLS International Services approves acquisition of majority stake in SLW Media

The Board of BLS International Services at its meeting held on 30 August 2024 has approved to enter into the share purchase agreement to acquire 5,100 equity share i.e. 51% share capital of SLW Media (SLW), a company incorporated under the law of Companies Act 1956. Consequent to the said acquisition of 5,100 share capital of SLW, it will become a subsidiary of the company (SLW-S). This strategic move will enhance the brand equity of the company at a global scale into the rapidly growing sports and leisure sector.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
BLS International Services to convene AGM

BLS International Services announced that the 40th Annual General Meeting (AGM) of the company will be held on 12 September 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live

BLS International Services shares rally 10% after strong Q1 results

2 months agoBusiness Today
Live Market Update
Market turns rangebound; media shares advance, VIX drops nearly 12%

The frontline indices traded in a narrow range with substantial gains in early afternoon trade. The Nifty traded above the 24,200 level. Media shares advanced after declining in the previous three consecutive trading sessions. At 12:26 IST, the barometer index, the S&P BSE Sensex, was up 545.01 points or 0.69% to 79,304.41. The Nifty 50 index added 167.45 points or 0.70% to 24,223.05. The broader market outperformed the headline indices. The S&P BSE Mid-Cap index advanced 1.29% and the S&P BSE Small-Cap index gained 1.32%. The market breadth was strong. On the BSE, 2,584 shares rose and 1,214 shares fell. A total of 116 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 11.53% to 18.02. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 11.95% to 17.93. The Nifty 29 August 2024 futures were trading at 24,270, at a premium of 46.95 points as compared with the spot at 24,223.05 The Nifty option chain for the 29 August 2024 expiry showed maximum Call OI of 36 lakh contracts at the 25,000 strike price. Maximum Put OI of 41.7 lakh contracts were seen at 24,000 strike price. Buzzing Index: The Nifty Media index gained 2.41% to 2,052.55. The index fell 6.88% in past three consecutive trading sessions. Network 18 Media & Investments (up 7.53%), Saregama India (up 4.71%), TV18 Broadcast (up 3.12%), Zee Entertainment Enterprises (up 2.92%), Nazara Technologies (up 2.2%), Tips Industries (up 2.06%), Dish TV India (up 1.68%), PVR Inox (up 0.63%), Hathway Cable & Datacom (up 0.28%) and Sun TV Network (up 0.05%) advanced. Stocks in Spotlight : BLS International Services surged 7.99% after the company's consolidated net profit jumped 70.16% to Rs 120.78 crore in Q1 FY25 as compared with Rs 70.98 crore in Q1 FY24. Revenue from operations jumped 28.47% YoY to Rs 492.66 crore during the quarter. AXISCADES Technologies jumped 6.62% after the company reported a net profit of Rs 17 crore in Q1 FY25, which is nearly three times as compared with the PAT of Rs 6 crore recorded in Q1 FY24. Revenue from operations amounted to Rs 223 crore for the quarter, up 4.5% YoY. Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
BLS Intl jumps after Q1 PAT rises 70% YoY to Rs 121 cr in FY25

Revenue from operations jumped 28.47% YoY to Rs 492.66 crore during the quarter. The growth was mainly driven by the Visa & Consular business which witnessed a robust growth of 35.9% YoY in revenue. Profi before tax (PBT) stood at Rs 134.70, up 67.47% as compared with Rs 80.43 crore posted in Q1 FY24. During the quarter, EBITDA jumped 67.47% to Rs 134.70 crore as against Rs 80.43 crore recorded in the first quarter of FY24. EBITDA margin expanded by 615 bps to 27% during the quarter as compared with 20.9% in Q1 FY24. Revenue from Visa & Consular Business witnessed 35.9% growth to Rs 414.1 crore in Q1 FY25 as compared with Rs 304.8 crore in Q1 FY24. The said business contributes around 85% of the total revenue. During the quarter, no. of visa applications increased by 18.0% to 8.50 lakhs. Revenue from digital business fell marginally YoY to Rs 78.5 crore during the quarter. EBITDA of the digital business grew by 30.7% YoY to Rs. 11.9 crore during the quarter from Rs 9.1 crore in Q1FY24 and margin expanded to 15.2% against 11.6% recorded in Q1FY24. The said business contributes approximately 16% of the total revenue. BLS International Services is global tech-enabled services partner for governments and citizens. It operates in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa, and retail services since 2005. The company works with over 46 client governments including diplomatic missions, embassies & consulates and leverages technology and processes that ensure data security.Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
BLS International Services consolidated net profit rises 65.69% in the June 2024 quarter

Net profit of BLS International Services rose 65.69% to Rs 114.18 crore in the quarter ended June 2024 as against Rs 68.91 crore during the previous quarter ended June 2023. Sales rose 28.47% to Rs 492.67 crore in the quarter ended June 2024 as against Rs 383.49 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales492.67383.49 28 OPM %27.0320.88 - PBDT148.8586.80 71 PBT134.7180.44 67 NP114.1868.91 66 Powered by Capital Market - Live

2 months agoCapital Market - Live