1. India Stocks

  2. •

    Industrials

  3. •

    Specialty Business Services
BLS International Services Limited

BLS International Services Limited

BLS.BO
BLS International Services LimitedIN flagBombay Stock Exchange
248.30
INR
-1.65
- -
102.13BMarket Cap
BLS International Services Limited
BLS.BO
(Bombay Stock Exchange)

Recent

price

248.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
9.41
10.98
12.32
15.49
19.25
19.6
19.1
11.67
28.34
36.93
40.76
53.25
72.83
72.83
Revenue per Share
0.5
0.58
0.75
1.22
2.36
2.57
1.28
1.22
3.71
4.89
7.61
12.34
16.68
16.68
Basic EPS, GAAP
0.01
0.16
0.75
-0.83
1.07
2.3
2.83
0.98
3.44
3.87
6.95
16.21
21.93
- -
Free Cash Flow per Basic Share
- -
- -
- -
0.01
0.09
0.13
0.37
0.19
0.43
0.62
0.75
0.51
3.16
- -
Dividend per Share
1.34
1.91
2.91
4.12
6.38
8.83
9.66
10.77
18
17.18
19.49
31.32
1
1
Book Value per Share
1.13
1.79
2.71
3.89
6.14
8.39
10.01
10.91
18.06
17.1
31.95
23.7
36.81
36.81
Tangible Book Value per Share
410
410
410
410
410
410
410
410
300
411
411
412
412
412
Basic Weighted Avg Shares
3,856
4,500
5,050
6,349
7,891
8,032
7,826
4,784
8,499
15,162
16,768
21,933
29,982
29,982
Sales/Revenue/Turnover
5.63
5.76
6.43
9.16
16.2
12.86
9.57
7.64
11.73
14
19.71
25.2
24.19
24.19
Operating Margin (%)
35
51
55
260
396
190
122
95
73
185
309
765
937
937
Depreciation Expense
205
236
309
501
965
1,052
524
502
1,113
2,008
3,130
5,082
6,867
6,867
Net Income, GAAP
1.64
1.42
1.46
6.04
12.88
13.58
4.46
- -
2.42
7.36
7.51
10.88
9.2
9.2
Effective Tax Rate (%)
5.31
5.24
6.12
7.89
12.23
13.09
6.7
10.48
13.09
13.24
18.66
23.17
22.9
22.9
Profit Margin (%)
253
501
683
1,053
2,179
2,868
3,490
3,780
3,464
4,692
9,696
6,534
12,013
12,013
Working Capital
- -
56
41
487
390
9
- -
3
63
45
247
2,843
3,274
3,274
LT Debt
580
836
1,198
1,658
2,606
3,725
4,284
4,599
5,698
8,371
14,416
20,188
27,837
27,837
Total Equity
- -
34.38
29.57
28.17
34.48
22.12
16.81
- -
18.84
27.72
26.44
25.64
23.57
23.57
Return on Invested Capital (%)
- -
33.73
29.64
28.37
33.86
29.55
13.43
- -
22.55
30.49
33.4
33.4
49.15
49.15
Return on Capital (%)
- -
35.41
31.25
34.79
44.86
33.75
13.84
11.98
22.68
32.24
41.53
48.6
103.17
103.17
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
873
- -
1,032
LT Borrowings
2,055
- -
1,780
LT Finance Leases
1,108
- -
1,493
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
412
- -
412
Market Capitalization
133,179
132,170
97,016

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
17,656
- -
18,290
Cash, Cash Equivalents & STI
15,695
- -
15,975
Accounts Receivable, Net
1,572
- -
1,706
Inventories
10
- -
9
Total Current Liabilities
5,694
- -
6,277
Payables & Accruals
- -
- -
- -
ST Debt
873
- -
1,032
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
38.19%
44.19%
37.89%
Free Cash Flow
9.23%
91.91%
35.25%
Net Income, GAAP
46.5%
71.14%
35.12%
Sales/Revenue/Turnover
24.45%
46.83%
36.7%
Total Cash Common Dividend
- -
134.41%
515.75%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,835
4,077
4,379
4,477
16,768
2025
4,927
4,950
5,128
6,928
21,933
2026
7,106
7,366
7,365
8,146
29,982

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.68
1.91
2.05
- -
7.61
2025
2.77
3.36
2.93
3.28
12.34
2026
4.15
4.26
3.95
4.32
16.68

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.75
2025
- -
- -
- -
- -
0.51
2026
- -
- -
- -
- -
3.16
Similar Companies
Kakao Pay Corp. (377300.KS)
De La Rue plc (DLUEY)
Serco Group plc (SRP.L)
HomeServe plc (HMSVY)
Rich Sparkle Holdings Limited (ANPA)
NOMURA Co., Ltd. (9716.T)
Business
BLS International Services Limited provides tech-enabled outsourcing and administrative services for visa, passport, consular, and citizen processes to governments and diplomatic missions worldwide. Founded in 2005 and headquartered in New Delhi, India, the company operates in over 70 countries with more than 50,000 global offices, 46 client governments, and approximately 60,000 employees; it offers visa processing services, citizen and front-end services, consular services, value-added services, biometrics and identity management services, verification and attestation services, e-governance solutions, e-visa platforms, and retail services. BLS International holds certifications including CMMI DEV ML5 V2.0, ISO 9001:2015, ISO 27001:2013, and ISO 14001:2015, and has processed over 360 million applications to date. The company targets governments, diplomatic missions, and citizens seeking efficient administrative support, with a focus on high-volume processing in regions including Europe, Asia, the Middle East, Africa, and the Americas. In recent developments, BLS International completed the acquisition of 100% stake in Citizenship Invest, a Dubai-based firm specializing in residency and citizenship programs across 15+ countries, for USD 31 million in October 2024 through its UAE subsidiary; it signed a definitive agreement for 51% stake in SLW Media Pvt. Ltd., a sports management firm, in August 2024, and acquired 100% of iDATA in January 2024. Additionally, BLS International secured a prestigious three-year contract from India's Ministry of External Affairs in September 2024 to establish and operate Indian Visa Application Centres in China; it won a six-year UIDAI order worth INR 2,055 crore in August 2025 for Aadhaar services, reported Q1 FY26 revenues of INR 711 crore with 50% net profit growth to INR 181 crore in August 2025, and continues expanding through contracts like those with the High Commission of India in Canada and the Embassy of Poland in Manila.