BLS International Services Ltd. (BLS) AI Stock Analysis

• Market Cap: ₹124.43B
• Dividend Yield: 0.31%
• Average Volume (3M): 518.27K
• Price to Earnings (P/E): 20.7
• Beta (1Y): 1.35
• Revenue Growth: 41.61%
• EPS Growth: 44.11%
• Country: IN
• Employees: 357
• Sector: Services
• Sector Strength: N/A
• Industry: Specialty Business Services
• EPS (TTM): 4.13
• Shares Outstanding: 411,740,900
• 10 Day Avg. Volume: 1,401,115
• 30 Day Avg. Volume: 518,274
• PEG Ratio: 0.51
• Price to Book (P/B): 9.35
• Price to Sales (P/S): 7.38
• P/FCF Ratio: 24.23
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: ₹370.00 ▲(18.23% Upside)

BLS International Services Ltd. scores well due to its strong financial performance, characterized by robust revenue growth and profitability. However, technical analysis and valuation present challenges, with bearish momentum indicators and a low dividend yield limiting the stock's attractiveness. The absence of earnings call insights and corporate events further emphasizes the need for careful monitoring of market conditions and strategic decisions.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding operations and market presence, which supports long-term business sustainability and competitiveness.

Profitability Margins

High profitability margins reflect efficient cost management and robust operational performance, enhancing long-term financial health.

Cash Flow Management

Strong cash flow growth and management indicate effective reinvestment capabilities and financial flexibility, supporting future growth initiatives.

Negative Factors

Competitive Landscape

Increasing competition may pressure margins and market share, requiring strategic focus to maintain profitability and market position.

Capital Allocation

Inefficient capital allocation could limit growth potential and financial returns, necessitating strategic improvements in resource deployment.

Investing Cash Outflows

High investing cash outflows could impact liquidity and financial stability, requiring careful management to ensure long-term viability.

BLS International Services Ltd. Business Overview & Revenue Model

Company Description

BLS International Services Limited provides outsourcing and administrative task of visa, passport, and consular services to various diplomatic missions. The company offers citizen and front-end services, e-visa, bio metric and identity management; verification and attestation; and convenience services. In addition, it offers passport and government services. The company operates in Asia, Africa, Europe, South America, North America, and the Middle East. BLS International Services Limited was incorporated in 1983 and is headquartered in New Delhi, India.

How the Company Makes Money

BLS International generates revenue primarily through service fees charged for processing visa and passport applications on behalf of various governments and embassies. The company's revenue model includes transaction-based fees, which are collected for each application processed. Additionally, BLS may charge fees for value-added services such as document verification, biometric enrollment, and appointment scheduling. Strategic partnerships with governments and diplomatic missions enhance its service offerings and expand its market presence, contributing significantly to its earnings. The company also benefits from long-term contracts and agreements, ensuring a stable revenue stream.

BLS International Services Ltd. Financial Statement Overview

Summary

BLS International Services Ltd. demonstrates robust financial health with strong revenue growth, high profitability margins, a solid equity position, and efficient cash flow management. However, attention to capital allocation and sustained profitability in a competitive landscape will be 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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	24.11B	21.93B	16.77B	15.16B	8.50B	4.84B
Gross Profit	9.80B	8.75B	5.01B	3.46B	1.98B	1.03B
EBITDA	6.66B	5.89B	3.42B	2.25B	1.07B	446.98M
Net Income	5.65B	5.08B	3.13B	2.01B	1.11B	501.54M
Balance Sheet
Total Assets	0.00	28.06B	16.16B	9.45B	6.33B	4.98B
Cash, Cash Equivalents and Short-Term Investments	9.04B	9.04B	9.72B	4.39B	3.06B	2.67B
Total Debt	0.00	3.59B	305.96M	65.31M	111.58M	7.33M
Total Liabilities	-20.19B	7.87B	1.75B	1.08B	635.06M	381.84M
Stockholders Equity	20.19B	17.31B	12.08B	8.03B	5.70B	4.60B
Cash Flow
Free Cash Flow	0.00	6.68B	2.86B	1.92B	1.03B	401.94M
Operating Cash Flow	0.00	8.29B	3.50B	2.61B	1.85B	450.07M
Investing Cash Flow	0.00	-11.19B	-2.60B	-2.38B	-1.72B	-223.80M
Financing Cash Flow	0.00	1.58B	2.57B	72.31M	-120.50M	-94.78M

BLS International Services Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 312.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 312.95 is below the 20-day moving average (MA) of 317.05, below the 50-day MA of 319.74, and below the 200-day MA of 356.55, indicating a bearish trend. The MACD of -3.41 indicates Positive momentum. The RSI at 34.29 is Neutral, neither overbought nor oversold. The STOCH value of 10.97 is Positive, 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	74 Outperform	₹55.00B	15.36	―	2.71%	0.13%	-3.14%
ONEPOINT	73 Outperform	₹14.33B	36.31	―	―	25.17%	9.55%
BLS	70 Outperform	₹124.43B	20.66	―	0.31%	41.61%	44.11%
UDS	63 Neutral	₹11.53B	10.22	―	―	8.98%	13.54%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
HGS	49 Neutral	₹20.09B	-2,149.82	―	1.51%	-2.43%	-100.43%

BLS International Services Ltd. Corporate Events

BLS International Announces Subsidiary Closure and Strategic Management Appointment

BLS International Services Ltd. announced the closure of its wholly-owned subsidiary, Reired BLS International Services Private Limited, which was initially set up for a specific project that did not materialize. The subsidiary contributed minimally to the company’s turnover and net worth, prompting its voluntary strike-off. Additionally, the company reported its unaudited financial results for the second quarter and half-year ending September 30, 2025, and appointed Mr. Ajit Hugh Dias as the Chief Human Resource Officer, indicating a strategic focus on strengthening its senior management team.