BLS E-Services Ltd
Incorporated in 2016, BLS-E Services
Ltd provides Digital Services including
E-Governance, Business Correspondent
and allied services[1]
- Market Cap ₹ 1,344 Cr.
- Current Price ₹ 148
- High / Low ₹ 343 / 145
- Stock P/E 27.0
- Book Value ₹ 50.3
- Dividend Yield 0.00 %
- ROCE 16.5 %
- ROE 11.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.24.7 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.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Part of BSE SmallCap BSE Allcap BSE Information Technology BSE IPO
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|
| 64 | 97 | 243 | 301 | 354 | |
| 60 | 90 | 210 | 260 | 302 | |
| Operating Profit | 5 | 7 | 33 | 42 | 52 |
| OPM % | 7% | 7% | 14% | 14% | 15% |
| 1 | 2 | 1 | 8 | 25 | |
| Interest | 2 | 1 | 4 | 1 | 1 |
| Depreciation | 0 | 1 | 3 | 3 | 6 |
| Profit before tax | 4 | 7 | 27 | 46 | 70 |
| Tax % | 20% | 21% | 25% | 27% | |
| 3 | 5 | 20 | 34 | 52 | |
| EPS in Rs | 3,150.00 | 5,380.00 | 2.83 | 3.46 | 5.47 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 67% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 115% |
| TTM: | 68% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -50% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 67 | 91 | 91 |
| Reserves | 10 | 15 | 40 | 340 | 366 |
| 11 | 15 | 5 | 7 | 6 | |
| 20 | 26 | 67 | 71 | 93 | |
| Total Liabilities | 41 | 56 | 179 | 510 | 556 |
| 8 | 15 | 88 | 93 | 92 | |
| CWIP | 0 | 0 | 0 | 0 | 6 |
| Investments | 0 | 0 | 0 | 15 | 43 |
| 32 | 41 | 92 | 402 | 415 | |
| Total Assets | 41 | 56 | 179 | 510 | 556 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 9 | 20 | 29 | 20 | |
| -1 | -14 | -66 | -295 | |
| -5 | -8 | 46 | 290 | |
| Net Cash Flow | 3 | -1 | 10 | 15 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 50 | 32 | 27 | 30 |
| Inventory Days | 23 | |||
| Days Payable | 46 | |||
| Cash Conversion Cycle | 50 | 32 | 27 | 8 |
| Working Capital Days | -47 | -46 | -56 | -27 |
| ROCE % | 31% | 45% | 17% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
13 Feb - Monitoring Agency Report for IPO proceeds utilization.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Feb - Submission of Newspaper Publication of Unaudited Financial Results of the Company for the third quarter and nine months ended December 31, 2024.
-
Integrated Filing (Financial)
10 Feb - Submission of integrated financial results for Q3 2024.
-
Statement Of Deviation Or Variation In Utilisation Of Funds Raised Through Initial Public Offer (''IPO'') For The Quarter Ended December 31, 2024
10 Feb - No deviation in IPO fund utilization for Q4 2024.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
10 Feb - BLS E-Services reports Q3 FY25 financial results.
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