BLS International Services Ltd

BLS International Services Ltd

₹ 470 -1.39%
26 Dec - close price
About

BLS International Services Limited (BLS), a part of the four-decades-old BLS Group with a global presence and diversified range of services, and is the biggest global players in visa application outsourcing.[1]

Key Points

Business Segments

  • Market Cap 19,362 Cr.
  • Current Price 470
  • High / Low 502 / 263
  • Stock P/E 482
  • Book Value 2.35
  • Dividend Yield 0.21 %
  • ROCE 44.9 %
  • ROE 44.1 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 22.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 41.6%
  • Company has been maintaining a healthy dividend payout of 88.5%
  • Company's median sales growth is 36.6% of last 10 years

Cons

  • Stock is trading at 200 times its book value
  • Promoter holding has decreased over last quarter: -1.14%
  • Tax rate seems low
  • Earnings include an other income of Rs.44.4 Cr.
  • Debtor days have increased from 29.7 to 56.2 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
8 11 15 16 24 22 25 28 28 23 40 38 34
8 11 13 15 16 20 24 24 22 27 33 34 34
Operating Profit -0 0 2 1 8 2 1 3 6 -4 7 4 0
OPM % -2% 2% 16% 5% 33% 10% 5% 12% 21% -15% 17% 11% 1%
4 1 12 16 1 8 11 0 13 9 13 1 22
Interest 0 0 0 0 0 0 0 0 1 0 0 0 1
Depreciation 0 0 1 0 1 1 1 1 2 1 2 2 3
Profit before tax 3 1 14 16 9 10 12 3 16 4 18 2 18
Tax % 4% 20% 7% 2% 25% 24% 4% 27% 6% -34% 15% 26% -3%
3 0 13 16 7 8 11 2 15 5 15 1 19
EPS in Rs 0.07 0.01 0.31 0.39 0.16 0.18 0.27 0.05 0.36 0.12 0.36 0.04 0.45
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
7 10 14 16 24 41 52 53 20 40 87 119 135
6 8 10 13 19 31 39 40 24 38 74 106 128
Operating Profit 1 2 4 3 5 10 13 13 -3 2 13 13 8
OPM % 18% 20% 27% 18% 22% 25% 25% 24% -16% 6% 14% 11% 6%
0 0 0 2 2 6 9 20 30 17 37 35 44
Interest 0 0 1 1 1 1 2 1 1 0 1 2 2
Depreciation 0 1 2 2 2 2 2 2 2 2 3 6 9
Profit before tax 1 1 1 2 4 13 19 30 24 17 47 40 42
Tax % 31% 33% 33% 28% 29% 17% 29% 22% 13% 7% 12% 8%
1 1 1 1 3 11 13 23 21 16 41 37 40
EPS in Rs 0.02 0.03 0.08 0.26 0.32 0.56 0.51 0.39 1.00 0.90 0.97
Dividend Payout % 0% 0% 0% 0% 114% 49% 77% 44% 25% 79% 75% 111%
Compounded Sales Growth
10 Years: 28%
5 Years: 18%
3 Years: 80%
TTM: 32%
Compounded Profit Growth
10 Years: 49%
5 Years: 23%
3 Years: 22%
TTM: 13%
Stock Price CAGR
10 Years: %
5 Years: 95%
3 Years: 115%
1 Year: 52%
Return on Equity
10 Years: 41%
5 Years: 44%
3 Years: 42%
Last Year: 44%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10 10 10 10 10 10 10 10 10 10 41 41 41
Reserves 1 2 3 4 8 15 24 31 45 49 37 48 56
0 0 7 3 2 5 8 1 1 1 1 19 4
4 2 2 6 7 19 26 24 8 29 17 21 62
Total Liabilities 16 15 23 23 27 50 68 67 65 89 96 129 163
3 2 6 4 5 4 4 4 4 4 8 31 47
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 2 2 2 2 3 4 5 5 1 1 33 36 38
11 11 15 17 19 42 59 57 60 84 54 61 78
Total Assets 16 15 23 23 27 50 68 67 65 89 96 129 163

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-7 0 2 2 1 10 22 1 -26 -0 -6 -0
8 0 -8 1 0 -7 -21 24 33 19 35 26
-0 0 6 -2 -2 -1 -3 -23 -9 -14 -23 -31
Net Cash Flow 1 1 -0 2 -1 3 -2 2 -3 4 5 -5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 7 33 50 26 63 105 27 26 45 18 15 56
Inventory Days
Days Payable
Cash Conversion Cycle 7 33 50 26 63 105 27 26 45 18 15 56
Working Capital Days -79 -25 -43 63 79 118 130 124 570 -133 6 49
ROCE % 9% 9% 13% 12% 30% 55% 58% 73% 49% 31% 57% 45%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.59% 74.59% 74.59% 74.41% 74.41% 74.41% 71.68% 71.52% 71.52% 71.52% 71.52% 70.38%
1.47% 1.36% 4.32% 6.67% 8.20% 7.57% 8.46% 7.66% 7.56% 7.67% 7.40% 8.96%
0.00% 0.00% 0.00% 0.05% 0.05% 0.05% 0.05% 0.07% 0.89% 1.05% 1.35% 1.71%
23.86% 24.01% 21.06% 18.64% 17.30% 17.92% 19.78% 20.49% 19.93% 19.65% 19.68% 18.87%
0.08% 0.04% 0.03% 0.24% 0.06% 0.05% 0.04% 0.26% 0.11% 0.10% 0.07% 0.07%
No. of Shareholders 43,46841,70257,53162,49985,08187,06888,43596,1191,11,2401,44,9471,51,7091,73,612

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls