BLS E-Services Ltd

BLS E-Services Ltd

₹ 208 0.00%
03 Jan - close price
About

Incorporated in 2016, BLS-E Services
Ltd provides Digital Services including
E-Governance, Business Correspondent
and allied services[1]

Key Points

Business Overview:[1]
a) BLSe is a subsidiary of BLS International Services Ltd.
b) Company provides digital and physical products and services in the G2C, B2C, B2B categories in semi-urban, rural and remote areas
c) In FY24, company has ~1.21+ Lac Touchpoints, BLS stores ~1,000+, Business Correspondents ~29,700+, Bank Tie-ups (for Business Corspndt.) ~16, and ~130+Million Transactions

  • Market Cap 1,891 Cr.
  • Current Price 208
  • High / Low 424 / 198
  • Stock P/E 86.5
  • Book Value 44.8
  • Dividend Yield 0.00 %
  • ROCE 5.00 %
  • ROE 2.98 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 4.64 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 1.11% over last 3 years.
  • Earnings include an other income of Rs.14.4 Cr.

* 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

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3.81 10.76 7.72 10.13 8.21 13.61 11.68 18.08
2.99 2.79 7.23 7.39 6.52 7.97 7.54 11.34
Operating Profit 0.82 7.97 0.49 2.74 1.69 5.64 4.14 6.74
OPM % 21.52% 74.07% 6.35% 27.05% 20.58% 41.44% 35.45% 37.28%
-24.58 22.02 0.00 0.01 0.06 3.37 5.51 5.50
Interest 1.57 1.22 0.77 0.79 0.78 0.93 0.71 0.67
Depreciation 0.00 0.01 0.05 0.04 0.05 0.07 0.11 0.17
Profit before tax -25.33 28.76 -0.33 1.92 0.92 8.01 8.83 11.40
Tax % -25.19% 25.76% 203.03% 20.83% 23.91% 24.59% 25.37% 25.09%
-18.96 21.35 -1.00 1.52 0.70 6.04 6.59 8.54
EPS in Rs -2.84 3.20 -0.15 0.23 0.10 0.66 0.73 0.94
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1 2 10 21 40 52
3 2 19 11 29 33
Operating Profit -2 -0 -9 10 11 18
OPM % -193% -11% -83% 47% 27% 35%
1 2 0 -2 3 14
Interest 2 1 1 6 3 3
Depreciation 0 0 0 0 0 0
Profit before tax -3 1 -9 2 11 29
Tax % 0% 0% -29% 36% 31%
-3 1 -7 1 7 22
EPS in Rs -2,570.00 860.00 -6,530.00 0.15 0.80 2.43
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 186%
TTM: 59%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 103%
TTM: 96%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 1%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.01 0.01 0.01 67 91 91
Reserves 13 14 8 26 302 316
12 11 7 35 32 29
6 7 5 12 17 23
Total Liabilities 31 32 20 139 442 459
0 0 0 0 1 1
CWIP 0 0 0 0 0 6
Investments 12 13 13 131 131 131
19 20 7 8 310 321
Total Assets 31 32 20 139 442 459

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7 2 9 12 4
-3 -0 -0 -118 -287
-8 -1 -9 107 288
Net Cash Flow -4 0 0 1 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 6,547 3,620 0 31 36
Inventory Days 0 0 0 0 0
Days Payable
Cash Conversion Cycle 6,547 3,620 0 31 36
Working Capital Days 5,098 2,632 -51 -57 -47
ROCE % 7% -43% 14% 5%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2024Jun 2024Sep 2024
68.89% 68.89% 68.89%
9.27% 5.69% 1.42%
0.01% 0.01% 0.01%
21.83% 25.40% 29.68%
No. of Shareholders 73,19075,00187,912

* 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.

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