BLS E-Services Limited (BLSE) AI Stock Analysis

• Market Cap: ₹15.97B
• Dividend Yield: 0.57%
• Average Volume (3M): 22.84K
• Price to Earnings (P/E): 28.9
• Beta (1Y): 1.54
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 850
• Sector: Technology
• Sector Strength: 88
• Industry: Specialty Business Services
• EPS (TTM): 1.62
• Shares Outstanding: 90,856,480
• 10 Day Avg. Volume: 24,037
• 30 Day Avg. Volume: 22,844
• PEG Ratio: 0.85
• Price to Book (P/B): 2.82
• Price to Sales (P/S): 2.62
• P/FCF Ratio: 17.44
• 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: ₹194.00
• Price Target Upside: 10.35% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 67 Neutral
• Price Target: ₹194.00 ▲(10.35% Upside)

BLS E-Services Limited's strong financial performance is the most significant factor, showcasing robust growth and stability. However, technical indicators suggest bearish momentum, and the stock's high valuation limits its attractiveness. The absence of earnings call data and corporate events does not impact the score.

BLS E-Services Limited Business Overview & Revenue Model

Company Description

BLS E-Services Ltd., a technology enabled digital service provider, offers assisted E-services and E-governance services in India. It operates a network of access points that offer essential public utility, social welfare scheme related, healthcare, financial, educational, agricultural, and banking services to governments and businesses to citizens in urban, semi-urban, rural, and remote areas. The company was incorporated in 2016 and is based in Gurugram, India. BLS E-Services Limited operates as a subsidiary of BLS International Services Limited.

How the Company Makes Money

BLS E-Services Limited generates revenue primarily through contracts with government entities and diplomatic missions to provide outsourcing services. The company earns money by charging fees for the processing of visas, passports, and other consular services, often based on the volume of applications processed. Additionally, BLSE may earn revenue through partnerships with technology providers to enhance its service offerings and improve operational efficiency. The company's income is significantly influenced by its ability to secure and maintain government contracts, which are often multi-year agreements providing stable and consistent cash flow.

BLS E-Services Limited Financial Statement Overview

Summary

BLS E-Services Limited exhibits a robust financial profile with strong revenue growth, efficient cost management, and solid cash flow generation. The company's low leverage and high equity base enhance its financial stability.

Income Statement

BLS E-Services Limited demonstrates impressive revenue growth with a steady increase from 2021 to 2025. The company's Gross Profit Margin and Net Profit Margin have remained robust, indicating efficient cost management and profitability. Notably, the EBIT and EBITDA margins are strong, reflecting operational efficiency and a healthy earnings profile.

Balance Sheet

The company maintains a solid financial position with a low Debt-to-Equity Ratio, signifying minimal financial leverage and risk. The Return on Equity is commendable, showcasing effective use of shareholder funds. A high Equity Ratio implies a strong asset base funded by equity, enhancing financial stability.

Cash Flow

BLS E-Services Limited has achieved significant Free Cash Flow growth, demonstrating improved cash generation capabilities. The Operating Cash Flow to Net Income Ratio indicates a strong cash flow conversion from earnings, while the Free Cash Flow to Net Income Ratio further supports financial robustness.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.88B	5.19B	3.01B	2.43B	966.98M	644.87M
Gross Profit	852.88M	747.12M	665.86M	581.63M	270.52M	186.50M
EBITDA	923.59M	861.12M	500.03M	337.55M	86.56M	54.95M
Net Income	552.55M	525.63M	313.99M	188.80M	53.80M	31.48M
Balance Sheet
Total Assets	0.00	6.72B	5.10B	1.79B	559.29M	405.87M
Cash, Cash Equivalents and Short-Term Investments	2.01B	2.01B	2.65B	457.00M	154.79M	97.31M
Total Debt	0.00	71.29M	73.08M	51.83M	152.18M	110.16M
Total Liabilities	-5.18B	1.54B	719.05M	680.14M	408.62M	309.08M
Stockholders Equity	5.18B	4.83B	4.31B	1.07B	150.67M	96.79M
Cash Flow
Free Cash Flow	0.00	779.80M	150.09M	279.86M	124.88M	85.64M
Operating Cash Flow	0.00	910.80M	196.51M	288.73M	197.43M	86.41M
Investing Cash Flow	0.00	-465.21M	-2.95B	-656.32M	-136.21M	-5.72M
Financing Cash Flow	0.00	-42.17M	2.90B	464.16M	-75.72M	-48.09M

BLS E-Services Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 175.80
• 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:BLSE, the sentiment is Negative. The current price of 175.8 is below the 20-day moving average (MA) of 183.69, below the 50-day MA of 182.44, and below the 200-day MA of 179.38, indicating a bearish trend. The MACD of -3.33 indicates Positive momentum. The RSI at 45.40 is Neutral, neither overbought nor oversold. The STOCH value of 40.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BLSE.

BLS E-Services Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RADIANTCMS	75 Outperform	₹6.04B	14.04	―	4.42%	8.77%	3.97%
CMSINFO	71 Outperform	₹63.16B	16.78	―	2.48%	4.25%	2.53%
UDS	69 Neutral	₹14.81B	12.13	―	―	10.48%	48.66%
BLSE	67 Neutral	₹15.97B	28.91	―	0.57%	―	―
ONEPOINT	64 Neutral	₹11.71B	30.14	―	―	35.37%	17.00%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

BLS E-Services Limited Corporate Events

BLS E-Services Limited Releases FY 2024-25 Annual Report

BLS E-Services Limited has announced the availability of its Annual Report for the fiscal year 2024-25, which includes the notice for its 9th Annual General Meeting scheduled for September 15, 2025. The company has provided a web-link to the report for shareholders who have not registered their email addresses, ensuring compliance with SEBI regulations and maintaining transparency with its stakeholders.

BLS E-Services Limited Announces Strong Q1FY26 Performance and Strategic Expansion

BLS E-Services Limited reported a robust financial performance for Q1FY26, with a significant 205.3% year-on-year increase in total income and a 38.7% rise in profit after tax. The company has signed a strategic agreement to acquire customer service points from Sub-K Impact Solutions Ltd, enhancing its network across several Indian states. The firm continues to expand its digital and financial services, including new projects and partnerships, aiming to empower communities and drive financial inclusion.