BLS International Services Ltd. (BLS) AI Stock Analysis

• Market Cap: ₹158.27B
• Dividend Yield: 0.26%
• Average Volume (3M): 128.66K
• Price to Earnings (P/E): 28.0
• Beta (1Y): 1.34
• Revenue Growth: 35.01%
• EPS Growth: 57.75%
• Country: IN
• Employees: 357
• Sector: Services
• Sector Strength: N/A
• Industry: Specialty Business Services
• EPS (TTM): 4.20
• Shares Outstanding: 411,740,900
• 10 Day Avg. Volume: 165,299
• 30 Day Avg. Volume: 128,656
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹414.00
• Price Target Upside: 9.60% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 69 Neutral
• Price Target: ₹414.00 ▲(9.60% Upside)

BLS International Services Ltd. has a strong financial foundation with robust revenue growth and profitability, which is the most significant factor in its score. However, the technical analysis suggests a lack of strong momentum, and the valuation indicates limited upside potential, which slightly dampens the overall score.

BLS International Services Ltd. Business Overview & Revenue Model

Company Description

BLS International Services Ltd. (BLS) is a global leader in outsourcing and technology services for governments and diplomatic missions worldwide. The company specializes in providing visa, passport, consular, and citizen services, as well as offering biometric, e-governance, and verification services. BLS operates in over 66 countries and has established itself as a trusted partner for numerous governments, helping them streamline and manage their administrative processes efficiently.

How the Company Makes Money

BLS International Services Ltd. generates revenue primarily through service fees from processing visa and passport applications on behalf of various governments and diplomatic missions. The company charges fees for each application processed, which forms the bulk of its revenue. Additionally, BLS earns income by providing biometric enrollment services, e-governance solutions, and citizen verification services. Strategic partnerships with government entities enhance its service offerings and expand its market reach. BLS may also derive income from technology services and solutions that cater to the specific needs of its clients, ensuring efficient and secure handling of sensitive data and documents.

BLS International Services Ltd. Financial Statement Overview

Summary

BLS International Services Ltd. demonstrates robust financial health with strong revenue growth, high profitability margins, and efficient cash flow management. The company's solid equity position and low financial leverage enhance stability, though attention to capital allocation and maintaining profitability amidst competition is crucial.

Income Statement

BLS International Services Ltd. exhibits a strong income statement with a notable revenue growth rate of 30.77% in 2025, indicating expanding operations. The company has maintained a high gross profit margin of approximately 40.28% and a net profit margin of 23.17% for the same period, reflecting efficient cost management and healthy profitability. EBIT and EBITDA margins of 40.28% and 28.69%, respectively, further confirm robust operational performance. However, maintaining these margins in the face of growing competition could present future challenges.

Balance Sheet

The balance sheet of BLS International Services Ltd. is characterized by a strong equity base with a debt-to-equity ratio of 0.21, indicating low financial leverage and a solid equity position. The equity ratio stands at 61.7%, showcasing the company's reliance on equity financing, which enhances financial stability. Nevertheless, the relatively high cash reserves compared to debt suggest an opportunity for more efficient capital allocation.

Cash Flow

Cash flow analysis reveals strong operational cash flows, with an operating cash flow to net income ratio of 1.63, indicating efficient cash generation relative to net income. Additionally, free cash flow grew by 133.45%, reflecting effective cash management and reinvestment capabilities. The company exhibits a free cash flow to net income ratio of 1.31, underscoring strong cash profitability. However, substantial investing cash outflows warrant monitoring for potential impacts on liquidity.

Breakdown	Mar 2025	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	21.93B	16.77B	8.50B	15.16B	4.78B
Gross Profit	8.84B	5.01B	2.76B	4.88B	1.42B
EBITDA	6.29B	3.91B	1.23B	2.42B	595.32M
Net Income	5.08B	3.13B	1.11B	2.01B	501.54M
Balance Sheet
Total Assets	28.06B	16.16B	6.33B	9.45B	4.98B
Cash, Cash Equivalents and Short-Term Investments	9.04B	9.72B	374.61M	5.28B	2.67B
Total Debt	3.59B	305.96M	111.58M	65.31M	7.33M
Total Liabilities	7.87B	1.75B	635.06M	1.08B	381.84M
Stockholders Equity	17.31B	12.08B	5.70B	8.03B	4.60B
Cash Flow
Free Cash Flow	6.68B	2.86B	1.03B	1.92B	401.94M
Operating Cash Flow	8.29B	3.50B	1.85B	2.61B	450.07M
Investing Cash Flow	-11.19B	-2.60B	-1.72B	-2.38B	-223.80M
Financing Cash Flow	1.58B	2.57B	-120.50M	72.31M	-94.78M

BLS International Services Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 377.75
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BLS, the sentiment is Negative. The current price of 377.75 is below the 20-day moving average (MA) of 381.42, above the 50-day MA of 376.90, and below the 200-day MA of 398.08, indicating a neutral trend. The MACD of 3.42 indicates Negative momentum. The RSI at 46.42 is Neutral, neither overbought nor oversold. The STOCH value of 33.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BLS.

BLS International Services Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CMSINFO	71 Outperform	₹71.65B	19.04		2.18%	4.25%	2.53%
BLS	69 Neutral	₹158.27B	28.00		0.26%	35.01%	57.75%
UDS	63 Neutral	₹16.82B	13.21		―	10.48%	48.66%
ONEPOINT	57 Neutral	₹12.14B	33.08		―	51.01%	23.08%
Sector *	54 Neutral	C$45.05M	57.91	15.08%	4.51%	1.39%	-26.37%
HGS	52 Neutral	₹24.70B	22.01		1.32%	-4.50%	-109.54%