BLS International Services Ltd. (BLS) AI Stock Analysis

• Market Cap: ₹134.58B
• Dividend Yield: 0.36%
• Average Volume (3M): 518.27K
• Price to Earnings (P/E): 23.8
• Beta (1Y): 1.36
• Revenue Growth: 35.01%
• EPS Growth: 57.78%
• 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: 1,401,115
• 30 Day Avg. Volume: 518,274
• PEG Ratio: 0.51
• Price to Book (P/B): 9.34
• Price to Sales (P/S): 7.37
• 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: ₹319.00
• Price Target Upside: -2.40% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 63 Neutral
• Price Target: ₹319.00 ▼(-2.40% Downside)

BLS International Services Ltd. has a strong financial foundation with impressive revenue growth and profitability. However, the technical analysis indicates bearish momentum, which could pose short-term risks. The valuation is fair, but the low dividend yield may not attract income-focused investors.

BLS International Services Ltd. Business Overview & Revenue Model

Company Description

BLS International Services Ltd. is a leading provider of visa, passport, and consular services, catering to governments and diplomatic missions worldwide. Established to streamline the application process for international travel, BLS operates in multiple sectors including visa processing, document verification, and biometric services. The company is known for its technological innovation and extensive network, which facilitates efficient service delivery to its clients and end-users.

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. The company faces potential challenges in maintaining margins amidst competition.

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	4.78B
Gross Profit	10.12B	8.07B	5.01B	4.88B	2.76B	1.42B
EBITDA	7.60B	6.29B	3.91B	2.42B	1.23B	595.32M
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: Neutral
• Last Price: 326.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 Neutral. The current price of 326.85 is below the 20-day moving average (MA) of 333.03, below the 50-day MA of 356.85, and below the 200-day MA of 382.12, indicating a bearish trend. The MACD of -13.42 indicates Positive momentum. The RSI at 46.23 is Neutral, neither overbought nor oversold. The STOCH value of 40.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	₹63.16B	16.78	―	2.48%	4.25%	2.53%
UDS	69 Neutral	₹14.81B	12.13	―	―	10.48%	48.66%
ONEPOINT	64 Neutral	₹11.71B	30.14	―	―	35.37%	17.00%
BLS	63 Neutral	₹134.58B	23.80	―	0.36%	35.01%	57.78%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
HGS	48 Neutral	₹22.74B	22.01	―	1.43%	-4.50%	-109.54%