BLS · BLS International Services Ltd · Business Services
BLS · BLS International Services Ltd · Business Services
As of 05 Nov close
52-week range
33.9% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹891 Cr
Revenue YoY
PAT YoY
+11.2%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
7.9
P/S (TTM)
3
Sector P/E
Not available from data source
Dividend yield
+1.1%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| BLS (this stock) | 14.6 | 7.9 | +22.2% | +28.6% | 0.17 | +1.1% |
| Delhivery | 374.4 | 4.4 | +0.8% | +1.0% | 0.15 | 0.0% |
| Urban Company | Not available from data source | 11.5 | -19.4% | -15.6% | 0.06 | 0.0% |
| Indegene | 31.4 | 9 | +10.5% | +12.8% | 0.05 | +0.4% |
Promoter
stable
FII
falling 3q
MF
0.43% (+0.02pp)
stable
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- loweconomictimes.indiatimes.com· 04 Nov 2026, 09:51 amBLS International Services net profit rises 8.6% to Rs 201.7 cr in July-September
- lowbusiness-standard.com· 21 Sept 2026, 04:00 pmBLS International names former Estonia President Ilves strategic advisor
Concalls & investor presentations
AI-generatedKey takeaway: During the earnings call held on August 11, 2026, management reported a strong start to FY 2027, with revenue and EBITDA increasing by 25% and 24% year-on-year, respectively. The company achieved record quarterly revenue of INR 891 crores, EBITDA of INR 252 crores, and profit after tax of INR 202 crores. The Visa & Consular Services segment saw a 22% growth in revenue, driven by strong traction in the Visa business. The Digital Services segment grew by 32%, supported by significant transactions in the business correspondent and loan distribution sectors. Management highlighted the importance of their diversified business model and global footprint in mitigating external uncertainties. They also discussed ongoing investments in technology to enhance service delivery. The balance sheet remained strong with a net cash position of INR 1,617 crores, and management expressed confidence in sustaining growth momentum moving forward.
Management emphasized strong growth and operational performance across key segments.
Sourced from an exchange-filed transcript, dated 18 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation by BLS International Services Limited, dated August 7, 2026, provided an overview of the company's financial performance for the first quarter ended June 30, 2026. Management reported a revenue of Rs. 891 Crores, reflecting a year-on-year increase of 25.3%. The Visa & Consular segment contributed Rs. 560 Crores, up 21.6% from the previous year. EBITDA reached Rs. 252 Crores, with a margin of 28.3%, while PAT was reported at Rs. 202 Crores, marking an 11.4% increase. The presentation highlighted the company's strong operational efficiencies and growth in both Visa & Consular and Digital Services. BLS emphasized its technology-driven approach and strategic partnerships with governments to enhance service delivery. The document also outlined the company's commitment to sustainability and social responsibility initiatives.
Management highlighted strong financial growth and operational efficiencies.
Sourced from an exchange-filed presentation, dated 07 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The earnings call for BLS International Services Limited on May 20, 2026, highlighted the company's strong financial performance for FY26, with revenue, EBITDA, and PAT increasing by 37%, 30%, and 34% year-on-year, respectively. Management reported that the Visa & Consular business saw significant growth, with EBITDA margins improving to 40%. The company processed over 44.1 lakh applications, with net revenue per application rising by 14%. The Digital Services segment also performed well, with revenues more than doubling to INR1,158 crores. Management noted a final dividend of 50% of face value, totaling a 250% payout for the year. Despite geopolitical tensions affecting travel, management stated that the company maintained its revenue growth. The call included discussions on ongoing contracts, technology enhancements, and future growth opportunities, including potential acquisitions and new tenders.
Management emphasized strong growth and operational performance across key metrics.
Sourced from an exchange-filed transcript, dated 25 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation by BLS International Services Limited, dated May 19, 2026, detailed the company's audited consolidated and standalone financial performance for the fourth quarter and financial year ending March 31, 2026. The presentation reported a consolidated revenue of Rs. 2,998 crores for FY26, reflecting a growth of 36.7% year-over-year. Consolidated EBITDA was Rs. 819 crores with a margin of 27.3%, while consolidated PAT reached Rs. 724 crores, marking a 34.1% increase. For Q4FY26, consolidated revenue was Rs. 815 crores, up 17.6% from the previous year, with a PAT of Rs. 187 crores, representing a 28.7% increase. Management highlighted significant contract wins, including a UIDAI work order worth Rs. 2,055 crores and various visa outsourcing contracts. The company emphasized its strong cash position, reporting net cash of Rs. 1,434 crores as of March 31, 2026.
Management highlighted strong financial growth and significant contract wins.
Sourced from an exchange-filed presentation, dated 19 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the earnings call held on February 6, 2026, management reported a strong performance for BLS International Services Limited in Q3 and the first nine months of FY26. Consolidated revenue grew by 46% year-on-year to INR2,184 crores, with profit after tax (PAT) increasing by 36% to INR537 crores. The visa and consular services segment saw a 20% revenue growth, while the digital services segment more than doubled its revenue to INR287 crores. Management highlighted successful contract wins, including a five-year global contract with the Slovak Republic and a three-year contract with the Indian government for visa application centers in China. The company also declared an interim dividend of 200% of face value. Management emphasized ongoing investments in technology and a commitment to shareholder returns, while expressing optimism about future growth opportunities in the travel and tourism sector.
Management emphasized strong growth and successful contract acquisitions.
Sourced from an exchange-filed transcript, dated 12 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation from BLS International Services Limited reported strong financial performance for the third quarter and nine months ended December 31, 2025. Consolidated revenue increased by 43.6% year-over-year to Rs. 736.5 Crores in Q3FY26, with a PAT growth of 33.1% to Rs. 170.2 Crores. For the nine-month period, revenue grew by 45.5% to Rs. 2,183.7 Crores, and PAT rose by 36.1% to Rs. 536.9 Crores. The board declared an interim dividend of Rs. 2 per equity share. The presentation highlighted new contracts won, including a global visa contract with the Slovak Republic and a project from the Bihar Government for Aadhaar enrolment. Management emphasized growth driven by increased visa applications and operational efficiencies, alongside a focus on expanding service offerings and geographic reach.
Management highlighted strong financial growth and new contract wins.
Sourced from an exchange-filed presentation, dated 06 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedBLS International Services Limited's FY2025-26 annual report highlights the company's strategic focus on expanding its visa and consular services through technological innovation and global partnerships. The report emphasizes the growing demand for digital immigration solutions, driven by governments' need for efficiency and enhanced applicant experiences. BLS positions itself as a leader in e-visa systems, leveraging its proprietary technology and deep integration with embassy infrastructure. The company also outlines plans to strengthen leadership in visa services, scale digital offerings, and pursue strategic growth opportunities while navigating geopolitical risks.
- Expansion of visa and consular services through proprietary technology and global partnerships
- Focus on digital immigration solutions to meet government efficiency and applicant experience needs
- Strategic priorities include strengthening visa services, scaling digital offerings, and pursuing growth opportunities
Key takeaway: BLS International is positioning itself as a leader in digital immigration solutions, leveraging technological innovation and strategic partnerships to capitalize on the growing demand for efficient visa and consular services globally.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (4 items); Regulatory Action (1 item); Default / Covenant Breach (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
4 occurrencesRecent (last 12 months)
The auditor has drawn attention to the termination of a master service agreement by the Punjab Government with BLS E-Solutions Private Limited, which was the sole revenue source for the subsidiary, and notes that management believes the going concern assumption is not affected.
Earlier (1-3 years ago)
The auditors of BLS International FZE Sharjah and BLS International Services (Group) have highlighted uncertainties regarding the eligibility for a 0% corporate tax rate and incomplete tax computations due to a legal status change, as noted in their audit reports dated May 13, 2025.
Older (3+ years ago)
The auditor has drawn attention to the termination of the master service agreement by the Punjab Government with two Indian subsidiaries, which was their only revenue source, and the management's assertion that the going concern assumption is not affected.
The auditor issued a qualified opinion on the consolidated financial statements of BLS International Services Limited and its subsidiaries as of March 31, 2021.
Regulatory Action
1 occurrenceEarlier (1-3 years ago)
The company faced a 1-day delay in providing prior intimation to the Stock Exchanges as noticed by NSE in letter no. NSE/LIST-SOP/FINES/0317 dated 15th March, 2024.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
The company had amounts payable in respect of statutory dues outstanding for more than six months at the financial year end.
Earlier (1-3 years ago)
The excerpt mentions reviewing reasons for substantial defaults in payment to depositors, debenture holders, indicating a default or covenant issue.
Routine disclosures
Internal Control Weakness
1 occurrenceEarlier (1-3 years ago)
The auditor mentions a risk that a material weakness exists in internal controls, and evaluates the design and operating effectiveness of internal controls based on assessed risks.
Contingent Liability
6 occurrencesRecent (last 12 months)
The company received a demand notice under Section 156 of the Income-tax Act, 1961 for ₹962.59 lakh for non-allowance of certain deductions. The company filed a rectification application on March 23, 2026, which is under process.
Earlier (1-3 years ago)
The company has contingent liabilities in the form of guarantees given to a bank on behalf of the group. The amounts for the year ended March 31, 2025, and 2024 are 6549.39 and 1667.83, respectively.
The company has provided interest-free loans to BLS International Employees Welfare Trust (ESOP) and has corporate guarantees for subsidiaries, which are disclosed as contingent liabilities.
Older (3+ years ago)
The company has contingent liabilities including guarantees issued by the bank on behalf of the company and corporate guarantees to banks on behalf of subsidiaries, with outstanding balances as of March 31, 2023 and 2022.
The company has contingent liabilities including guarantees issued by the bank on behalf of the company and corporate guarantees to banks on behalf of subsidiaries, as of March 31, 2022.
The company has contingent liabilities including guarantees issued by the bank on behalf of the company and corporate guarantees to banks on behalf of subsidiaries, as well as income tax demands, as of March 31, 2021.
Related-Party Transaction
5 occurrencesEarlier (1-3 years ago)
BLS International Services Limited allotted 9,20,908 equity shares to BLS International Employees Welfare Trust under the ESOP 2020 scheme. The trust is mentioned as a related party in the disclosures.
The company has receivables from related parties, including Mr. Karan Aggarwal, Mr. Diwakar Aggarwal, Mr. Sushil Aggarwal, and Ms. Riya Aggarwal, as noted in note 32. Additionally, there is a Rs. 55.25 pledge against bank guarantees as of March 31, 2023.
Older (3+ years ago)
The company has trade receivables with related parties, including BLS International Visa Services Philippine Inc. and BLS Kendra Private Limited, as noted in the financial statements.
The company approved Related Party Transactions during the AGM held on 21.09.2020.
The company's trade receivables include transactions with related parties such as BLS E-Solutions Private Limited, BLS E-Services Private Limited, Starfin India Private Limited, BLS International Visa Services Philippine Inc., BLS International Visa Services-Austria, and BLS Kendra Private Limited.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
5.16% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).