MarketFriction

BLS International Services Ltd

NSE BLS · BSE 540073 · Tour, Travel Related Services
₹216.51 -0.80%
NSE close2026-10-01
52 week range217.23 - 359.00
Market cap₹9,040 Cr.
P/E12.8
Nifty 500Smallcap 250 Price band 20% Delivery 45.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales408438448493495513693711737736815891
Expenses321349357360331355519506524538611638
Operating Profit878990133164158174204213198204252
OPM %21%20%20%27%33%31%25%29%29%27%25%28%
Other Income9915182315252519213023
Interest1012611966568
Depreciation7611141822232323232532
Profit before tax879193135164140167200203191204236
Tax %6%4%9%10%11%9%13%10%8%11%8%14%
Net Profit828785121146128145181186170187202
EPS in Rs1.912.051.962.773.362.933.284.154.263.954.324.62
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5056357898047864788501,5161,6772,1932,9983,178
Expenses4675516296937004377421,2931,3261,5452,1492,311
Operating Profit38841601118641108223351649849867
OPM %7%13%20%14%11%9%13%15%21%30%28%27%
Other Income03443-1519151940809593
Interest17131342238475325
Depreciation6264019129718317794103
Profit before tax31531111225548114220352606797833
Tax %1%6%13%14%4%-4%2%7%8%11%9%
Net Profit3150971055250111204326540724744
EPS in Rs0.751.222.362.571.281.222.724.897.6012.3416.6817.15
Dividend Payout %0%7%5%10%20%10%12%15%13%8%15%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth20%44%26%32%
Compounded Profit Growth36%68%49%25%
Stock Price CAGR20%28%-4%-32%
Return on Equity30%31%33%32%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101041414141
Reserves731081552503624184505607621,1661,6902,422
Borrowings7695108381111731384431
Other Liabilities13133610166403852136378721868
Total Liabilities1031372974704754694986339451,6162,8353,762
Fixed Assets242478495141381122342961,3951,706
CWIP00003000001117
Investments2232282829247088116220352
Other Assets781111873933934004364516231,2051,2101,688
Total Assets1031372974704754694986339451,6162,8353,762
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1336485613311645185261350829903
Cash from Investing Activity-11-7-115-27-66-107-22-172-238-260-1,119-446
Cash from Financing Activity6-284-2-87-54-9-127257158-246
Net Cash Flow8271727-20-4513230347-131211
Free Cash Flow731-334515011640103193286668766
CFO/OP45%96%60%37%141%153%111%178%125%105%139%116%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days52349880527610892021
Inventory Days
Days Payable
Cash Conversion Cycle52349880527610892021
Working Capital Days283620465151777-2-4-43-38
ROCE %30%31%39%26%21%11%22%32%31%33%30%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters71.52%71.52%71.52%71.52%70.38%70.38%70.38%70.39%70.39%70.39%70.39%70.39%
FIIs7.66%7.56%7.67%7.40%8.96%10.93%9.94%8.54%6.82%6.37%6.14%4.14%
DIIs0.07%0.89%1.05%1.35%1.71%1.36%2.26%2.87%2.90%2.92%2.99%3.10%
Public20.49%19.93%19.65%19.68%18.87%17.27%17.38%18.18%19.88%20.28%20.42%22.33%
Others0.26%0.11%0.10%0.07%0.07%0.06%0.04%0.03%0.01%0.02%0.05%0.04%
No. of Shareholders96,1191,11,2401,44,9471,51,7091,73,6121,70,1651,87,4932,05,1272,08,7922,10,2222,18,9592,23,624

Fundamentals

Market Cap₹ 9,040 Cr.
Current Price₹ 220
Stock P/E12.8
Book Value₹ 59.8
ROCE29.8 %
ROE32.1 %
Dividend Yield1.14 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)32%
Compounded Profit Growth (TTM)25%
Consolidated figures.
Valuation
Market capRs 8,915 Cr
Enterprise valueRs 8,163 Cr
P/E (TTM)12.63x
Price to book3.62x
Price to sales2.80x
EV / EBITDA8.51x
EV / EBIT9.52x
EV / sales2.57x
Price to cash flow9.87x
Earnings yield7.92%
Dividend yield1.15%
P/E, 3-year average29.19x
P/B, 3-year average8.03x
P/E, 5-year average25.38x
P/B, 5-year average6.73x
Profitability
Operating margin (excl. other income)28.31%
Operating margin (incl. other income)31.48%
EBITDA margin30.20%
Pre-tax margin26.20%
Net profit margin22.21%
Net margin, latest quarter21.34%
ROE32.74%
ROCE33.95%
ROA20.82%
ROE, 3-year average32.82%
ROCE, 3-year average36.00%
ROA, 3-year average22.70%
ROE, 5-year average29.87%
ROCE, 5-year average32.46%
ROA, 5-year average22.64%
ROIC (approx.)45.46%
Tax rate9.20%
Other income / net worth3.86%
Growth
Sales growth (latest year)36.70%
Profit growth (latest year)35.12%
Sales CAGR, 3 years25.52%
Sales CAGR, 5 years44.35%
Profit CAGR, 3 years50.67%
Profit CAGR, 5 years68.77%
Sales growth QoQ9.33%
Profit growth QoQ6.90%
Sales growth YoY (latest quarter)25.33%
Profit growth YoY (latest quarter)11.15%
Per share
EPS (TTM)Rs 17.14
EPS (latest year)Rs 16.68
EPS (latest quarter)Rs 4.62
EPS, 3-year averageRs 12.21
EPS, 5-year averageRs 10.47
Book value per shareRs 59.83
Sales per shareRs 77.19
Cash flow per shareRs 21.93
Free cash flow per shareRs 18.60
Dividend per share (latest year)Rs 2.50
Dividend per share, 3-year averageRs 1.50
Dividend per share, 5-year averageRs 1.30
Dividends
Dividend payout14.99%
Dividend payout, 3-year average12.08%
Dividend payout, 5-year average12.62%
Efficiency
Asset turnover0.80x
Fixed asset turnover1.76x
Inventory turnover1630.82x
Inventory days0 days
Debtor days21 days
Debtors turnover17.58x
Cash conversion cycle21 days
Working capital days-38 days
Leverage
Total debtRs 431 Cr
Cash and bankRs 1,182 Cr
Net debtRs -751 Cr
Debt to equity0.17x
Net debt / EBITDA-0.78x
Interest coverage34.76x
Current ratio (filing 2026-03-31)2.91x
Quick ratio (filing 2026-03-31)2.91x
Trade payables (filing 2026-03-31)Rs 153 Cr
Owners' fund to total sources65.49%
Debt to assets11.45%
Cash flow
Cash from Operating Activity (latest year)Rs 903 Cr
Cash from Investing Activity (latest year)Rs -446 Cr
Cash from Financing Activity (latest year)Rs -246 Cr
Net Cash Flow (latest year)Rs 211 Cr
Free cash flow (latest year)Rs 766 Cr
FCFE (approx.: FCF + change in debt)Rs 813 Cr
Cash from ops / profit, 5 years1.33x
Sales to cash flow3.32x
Statement figures
Net sales (TTM)Rs 3,178 Cr
Net sales (latest year)Rs 2,998 Cr
Sales (latest quarter)Rs 891 Cr
Operating profit excl. other income (latest year)Rs 849 Cr
Operating profit (latest quarter)Rs 252 Cr
Other income (TTM)Rs 93 Cr
EBITDA (TTM)Rs 960 Cr
PBDT (TTM)Rs 935 Cr
Profit before tax (TTM)Rs 833 Cr
Tax (latest year)Rs 73 Cr
Net profit (TTM)Rs 706 Cr
Net profit (latest year)Rs 687 Cr
Net profit (latest quarter)Rs 190 Cr
Depreciation (TTM)Rs 103 Cr
Depreciation (latest quarter)Rs 32 Cr
Interest (TTM)Rs 25 Cr
Cost of goods sold (latest year)Rs 1,419 Cr
Total expenditure (latest year)Rs 2,149 Cr
Total income (latest year)Rs 3,093 Cr
Share capitalRs 41 Cr
ReservesRs 2,422 Cr
Shareholders' fundsRs 2,463 Cr
Total assetsRs 3,762 Cr
Net blockRs 1,706 Cr
Capital work in progressRs 17 Cr
InvestmentsRs 352 Cr
ReceivablesRs 171 Cr
InventoryRs 1 Cr
Other liabilitiesRs 868 Cr
Shares outstanding (crore)41.17
Ownership
Promoter holding70.39% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 12.6 is at the 14th percentile of its own 9.4-year range (median 30.8, low 2.9, high 86.1).
P/B 3.62 is at the 23th percentile (median 6.99).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBLSNifty 50Difference
1 week-3.3%-2.8% -0.5 pts
1 month-9.1%-6.8% -2.3 pts
3 months-14.6%-7.6% -7.0 pts
6 months-8.1%+0.4% -8.5 pts
1 year-37.0%-9.9% -27.0 pts
2 years-44.9%-13.6% -31.3 pts
3 years-13.4%+14.2% -27.6 pts
5 years+241.8%+27.9% +213.9 pts
40 mutual fund schemes hold about ₹35 Cr. Over three months 38 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Navi Flexi Cap Fund(Q2.16%6 +6%
Nippon India Nifty Smallcap 250 Index Fund0.13%5 +8%
DSP Nifty Smallcap250 Quality 50 Index Fund1.26%4 +15%
Navi Large & Midcap Fund1.16%4 +11%
Tata Nifty India Tourism Index Fund1.33%4 +17%
SBI Nifty Smallcap 250 Index Fund0.13%2 +8%
Navi Aggressive Hybrid Fund1.46%2 +9%
Motilal Oswal Nifty Smallcap 250 Index Fund0.13%2 +8%
Nippon India Nifty 500 Equal Weight Index Fund0.20%1 +23%
ICICI Pru Nifty Smallcap 250 Index Fund0.13%1 +9%
HDFC NIFTY Smallcap 250 Index Fund0.13%1 +9%
JioBlackRock Nifty Smallcap 250 Index Fund0.13%1 +8%
Kotak Nifty India Tourism Index Fund1.33%0 +12%
Axis Nifty500 Quality 50 Index Fund0.57%0 +10%
Motilal Oswal Nifty 500 Index Fund0.01%0 +10%
Edelweiss Nifty Smallcap 250 Index Fund0.13%0 +9%
HDFC Nifty India Digital Index Fund0.24%0 -3%
Nippon India Nifty 500 Quality 50 Index Fund0.58%0 +10%
Groww Nifty Smallcap 250 Index Fund0.13%0 +8%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.03%0 +10%
Bandhan Nifty Smallcap 250 Index Fund0.13%0 +9%
UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund0.09%0 +11%
Kotak Nifty Smallcap 250 Index Fund0.13%0 +9%
SBI Nifty 500 Index Fund0.01%0 +10%
Navi Nifty Smallcap250 Momentum Quality 100 Index Fund0.24%0 +11%

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹891 Cr +25.3% vs Jun 2025. Net profit ₹202 Cr +11.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-16Dividend - Re 0.50 Per Share
2026-02-13Interim Dividend - Rs 2 Per Share
2025-09-08Dividend - Re 1 Per Share
2024-09-05Annual General Meeting/Dividend - Re 0.50 Per Share
2024-02-23Interim Dividend - Rs 0.50 Per Share
2023-09-14Annual General Meeting/Dividend - Re 0.25 Per Share
2023-02-17Interim Dividend - Rs 0.50 Per Share
2022-12-08Bonus 1:10.5000
2022-09-13Annual General Meeting/Dividend - Rs 0.25 Per Share
2022-05-13Bonus 1:10.5000
2022-02-11Interim Dividend - Re 1 Per Share
2021-09-16 Annual General Meeting/Dividend - Rs 0.25 Per Share
2021-02-11 Interim Dividend - Rs 0.25 Per Share
2020-09-11 Annual General Meeting/Dividend - Rs 0.50 Per Share
2020-02-13 Interim Dividend - Rs 0.50 Per Share
2019-09-18 Annual General Meeting/Dividend - Re 1 Per Share
2018-09-11 Annual General Meeting/Dividend Re 0.5 Per Share
2017-09-12 Annual General Meeting/Dividend - Re 0.30/- Per Share
2017-04-26 Face Value Split From Rs 10/- Per Share To Re 1/- Per Share0.1000
2016-11-23 Interim Dividend Re 0.50 Per Share
2016-09-14 Annual General Meeting
DateTypeWhat it says
2026-09-30Resignation of Statutory AudResignation of Statutory Auditor
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of BLS International Services Ltd?

BLS International Services Ltd (BLS) has a market capitalisation of Rs 9,040 Cr. at the 2026-10-01 close.

What is the P/E ratio of BLS International Services Ltd?

BLS International Services Ltd trades at a P/E of 12.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were BLS International Services Ltd's latest quarterly results?

In the Jun 2026 quarter, BLS International Services Ltd sales was Rs 891 Cr (+25.3% vs Jun 2025) and net profit was Rs 202 Cr.

What is the 52-week high and low of BLS International Services Ltd?

The 52-week high is Rs 359.00 and the 52-week low is Rs 217.23.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03