MarketFriction

BLS E-Services Ltd

NSE BLSE · BSE 544107 · IT Enabled Services
₹322.05 -1.99%
NSE close2026-10-01
52 week range124.30 - 339.80
Market cap₹2,922 Cr.
P/E50.3
IPO 2024 · +139% since Price band 20% Delivery 45.8%

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
Sales8172747577128239244270281323304
Expenses6961636464112220226250264303283
Operating Profit121011121416191820172021
OPM %15%14%15%16%18%12%8%7%7%6%6%7%
Other Income115775676666
Interest000000000000
Depreciation111112212221
Profit before tax121114171919232325212425
Tax %25%24%24%27%23%27%26%25%26%27%24%26%
Net Profit9811131514171818151819
EPS in Rs1.271.121.131.321.581.441.451.621.701.391.621.68
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales64972433015191,1181,178
Expenses60902102604591,0431,100
Operating Profit573342607578
OPM %7%7%14%14%12%7%7%
Other Income1218262523
Interest2141111
Depreciation0133666
Profit before tax472746799395
Tax %20%21%25%27%26%25%
Net Profit352034596970
EPS in Rs3,150.005,380.002.833.465.786.336.39
Dividend Payout %0%0%0%0%17%16%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%77%66%71%
Compounded Profit Growth%76%38%5%
Stock Price CAGR%%%74%
Return on Equity%13%11%11%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.010.0167919191
Reserves101540340392432
Borrowings11155776
Other Liabilities20266771214233
Total Liabilities4156179510704762
Fixed Assets8158893179180
CWIP00001115
Investments00015110126
Other Assets324192402404441
Total Assets4156179510704762
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity92029206751
Cash from Investing Activity-1-14-66-295-23-14
Cash from Financing Activity-5-846290-4-19
Net Cash Flow3-110154017
Free Cash Flow91228155442
CFO/OP195%315%99%72%120%109%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days503227306639
Inventory Days23
Days Payable46
Cash Conversion Cycle50322786639
Working Capital Days-110-55-58-29-53-14
ROCE %31%45%17%16%16%
Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters68.89%68.89%68.89%68.89%68.89%68.89%68.89%68.89%69.81%71.87%
FIIs9.27%5.69%1.42%0.78%0.41%0.25%0.21%0.99%0.46%0.64%
DIIs0.01%0.01%0.01%0.01%0.02%0.00%0.00%0.11%0.01%0.02%
Public21.83%25.40%29.68%30.31%30.67%30.85%30.90%29.77%29.49%27.24%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.22%0.22%0.22%
No. of Shareholders73,19075,00187,91291,93993,86190,44286,68978,58776,52069,588

Fundamentals

Market Cap₹ 2,922 Cr.
Current Price₹ 321
Stock P/E50.3
Book Value₹ 57.5
ROCE16.4 %
ROE10.7 %
Dividend Yield0.31 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)71%
Compounded Profit Growth (TTM)5%
Consolidated figures.
Valuation
Market capRs 2,931 Cr
Enterprise valueRs 2,933 Cr
P/E (TTM)50.43x
Price to book194.63x
Price to sales2.49x
EV / EBITDA28.79x
EV / EBIT30.70x
EV / sales2.49x
Price to cash flow148.48x
Earnings yield1.98%
Profitability
Operating margin (excl. other income)7.20%
Operating margin (incl. other income)8.96%
EBITDA margin8.65%
Pre-tax margin8.06%
Net profit margin4.93%
Net margin, latest quarter5.03%
ROE43.49%
ROCE30.76%
ROA11.15%
ROIC (approx.)455.78%
Tax rate20.65%
Other income / net worth11.29%
Growth
Sales growth (latest year)49.95%
Profit growth (latest year)70.79%
Sales growth QoQ-5.96%
Profit growth QoQ3.80%
Sales growth YoY (latest quarter)24.63%
Profit growth YoY (latest quarter)4.22%
Per share
EPS (TTM)Rs 6.39
EPS (latest year)Rs 5,380.00
EPS (latest quarter)Rs 1.68
Book value per shareRs 1.65
Sales per shareRs 129.42
Cash flow per shareRs 2.17
Free cash flow per shareRs 4.61
Efficiency
Asset turnover1.73x
Fixed asset turnover6.63x
Debtor days32 days
Debtors turnover11.32x
Creditor days46 days
Cash conversion cycle39 days
Working capital days-14 days
Leverage
Total debtRs 15 Cr
Cash and bankRs 14 Cr
Net debtRs 2 Cr
Debt to equity1.01x
Net debt / EBITDA0.02x
Interest coverage149.25x
Current ratio (filing 2026-03-31)2.85x
Quick ratio (filing 2026-03-31)2.85x
Trade payables (filing 2026-03-31)Rs 82 Cr
Owners' fund to total sources26.93%
Debt to assets27.21%
Cash flow
Cash from Operating Activity (latest year)Rs 20 Cr
Cash from Investing Activity (latest year)Rs -14 Cr
Cash from Financing Activity (latest year)Rs -8 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs 42 Cr
FCFE (approx.: FCF + change in debt)Rs 46 Cr
Cash from ops / profit, 5 years1.00x
Sales to cash flow4.90x
Statement figures
Net sales (TTM)Rs 1,178 Cr
Net sales (latest year)Rs 97 Cr
Sales (latest quarter)Rs 304 Cr
Operating profit excl. other income (latest year)Rs 7 Cr
Operating profit (latest quarter)Rs 21 Cr
Other income (TTM)Rs 23 Cr
EBITDA (TTM)Rs 102 Cr
PBDT (TTM)Rs 101 Cr
Profit before tax (TTM)Rs 95 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 58 Cr
Net profit (latest year)Rs 5 Cr
Net profit (latest quarter)Rs 15 Cr
Depreciation (TTM)Rs 6 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 66 Cr
Total expenditure (latest year)Rs 90 Cr
Total income (latest year)Rs 98 Cr
Share capitalRs 0 Cr
ReservesRs 15 Cr
Shareholders' fundsRs 15 Cr
Total assetsRs 56 Cr
Net blockRs 15 Cr
ReceivablesRs 9 Cr
Other liabilitiesRs 26 Cr
Shares outstanding (crore)9.10
Ownership
Promoter holding71.87% (+2.98 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodBLSENifty 50Difference
1 week-1.4%-2.8% +1.4 pts
1 month-1.7%-6.8% +5.1 pts
3 months+21.5%-7.6% +29.1 pts
6 months+101.2%+0.4% +100.8 pts
1 year+73.1%-9.9% +83.1 pts
2 years+32.6%-13.6% +46.1 pts

Red flags

F-score 6 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 ₹304 Cr +24.6% vs Jun 2025. Net profit ₹19 Cr +5.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-10-06Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share0.5000
2026-09-08Dividend - Re 0.50 Per Share
2026-02-13Interim Dividend - Re 0.50 Per Share
2025-09-08Dividend - Re 1 Per Share
2024-09-03Annual General Meeting
DateTypeWhat it says
2026-09-30Resignation of Statutory AudResignation of Statutory Auditor
2026-09-29General UpdatesChange in Statutory Auditors of Atyati Technologies Private Limited, a material Subsidiary of the Company.
2026-09-28Sale or disposalSale or disposal of unit or division or undertaking by material subsidiary of the Company.
2026-09-23Concall / analyst meetSchedule of meet
2026-09-18Record DateRecord date for the purpose of Split/Subdivision is 06-Oct-2026.
2026-09-16Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-09-16Shareholder meetingThe Company is hereby submitting the Voting Results (Remote E-voting and E-voting at AGM) and Consolidated Report of Scrutinizer s on voting through r...
2026-09-15Shareholder meetingProceedings of Annual General Meeting held on September 15, 2026
2026-08-21General UpdatesCommunication to Shareholders regarding Web-link letter
2026-08-21Record DateRecord date for the purpose of Final Dividend for FY 2025-26 is 08-Sep-2026.
2026-08-21General UpdatesBLS E-Services Limited has informed informed about Business Responsibility and Sustainability Report for the financial year ended March 31, 2026
2026-08-21Shareholder meetingNotice of Annual General Meeting to be held on September 15, 2026
2026-08-11Monitoring Agency ReportThe Company is submitting the Monitoring Agency Report, received from Monitoring Agency CRISIL dated August 11, 2026 for the first quarter ended June ...
2026-08-06Change in ManagementChange in Management
2026-08-06AppointmentAppointment of Mrs (Dr.) Savita as Non- Executive Independent Director of the company w.e.f. August 06, 2026.
2026-08-06AppointmentAppointment of Mr Sarthak Behuria as Non- Executive Independent Director of the company w.e.f. August 06, 2026.
2026-08-06Investor PresentationInvestor Presentation
2026-08-06Press ReleaseA press release dated August 06, 2026 with respect to Unaudited Financial Results of the Company for the first quarter ended June 30, 2026.
2026-08-06Stock splitThe Board of Directors at its meeting held on August 06, 2026, has considered and approved subdivision of 1 equity shares of Rs. 10 each into 2 equity...
2026-08-06Board meeting outcomeOutcome of Board Meeting held on August 6, 2026
2026-07-02Press ReleaseA press release dated July 02, 2026, titled "BLS E-Services Successfully Consummates Acquisition of 100% stake in Atyati Technologies, Acquisition to ...
2026-07-02AcquisitionSuccessful Completion of Acquisition of Atyati Technologies Private Limited.
2026-06-09Disclosure under SEBI TakeovShikhar Aggarwal has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial ...
2026-05-18Change in ManagementReappointment of Internal Auditors.
2026-05-18Investor PresentationInvestor Presentation
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.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 150perc in previous 12 months

Quick answers

What is the market cap of BLS E-Services Ltd?

BLS E-Services Ltd (BLSE) has a market capitalisation of Rs 2,922 Cr. at the 2026-10-01 close.

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

BLS E-Services Ltd trades at a P/E of 50.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were BLS E-Services Ltd's latest quarterly results?

In the Jun 2026 quarter, BLS E-Services Ltd sales was Rs 304 Cr (+24.6% vs Jun 2025) and net profit was Rs 19 Cr.

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

The 52-week high is Rs 339.80 and the 52-week low is Rs 124.30.

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