BLS E-Services Limited
NSE: BLSEIT Enabled Services
Share price
₹149.35
-5.20% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
71
out of 100 · worked out 9 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹2,718 Cr
P/E ratio
46.8
P/B ratio
5.2
ROCE
16.4%
ROE
10.7%
Dividend yield
0.3%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 71.2% over the past year, and 84.6% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 14.9% to 6.7% over the last two years.
Whether it grew faster than its sector
It grew 84.6% a year against a sector median of 14.5% — 70.1 percentage points faster.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 1.2 times its growth rate, on earnings growth of 38%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| BLS E-Services Limited — this one | 38%/yr | 46.8× | ₹1.2 |
| L&T Technology Services Limited | 6%/yr | 25.5× | ₹4.3 |
| Inventurus Knowledge Solutions Limited | 30%/yr | 38.2× | ₹1.3 |
| Tata Technologies Limited | -1%/yr | 44.5× | — |
| Netweb Technologies India Limited | 64%/yr | 99.9× | ₹1.6 |
| SAGILITY LIMITED | 86%/yr | 20.0× | ₹0.23 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (IT Enabled Services), it ranks 21 of 58 on returns, 1 of 54 on growth, 41 of 58 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 16.4% on capital, ahead of 64% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹187 crore of cash from the business and spent ₹36 crore on plant and equipment, with ₹151 crore to spare; it still raised ₹305 crore from shareholders — borrowings did not rise. And the profit is real: of every 100 rupees it reported over 6 years, about 103 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back more slowly than it used to: it went from being paid 55 days before it paid its own suppliers to paid 14 days before it paid its own suppliers.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
9 of 10 checks clear · 90%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Revenue grew 24.6% to Rs 304 crore but profit rose just 3.5% to Rs 18.6 crore
Announced 6 Aug 2026 · Consolidated · Unaudited
Revenue
₹304 Cr
Revenue vs last year
+24.6%
Revenue vs last quarter
-5.9%
Net profit
₹19 Cr
Profit vs last year
+3.5%
Profit vs last quarter
+3.5%
Net margin
6.1%
EPS
₹1.68
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹2,718 Cr
- Prev close
- ₹149.35
- 52w High
- ₹170
- 52w Low
- ₹62.2
- Enterprise value
- ₹2,336 Cr
- Beta
- 1.2
- Price CAGR 1y
- 73.0%
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 9.1%
- PEG ratio
- 1.2
- P/E ratio
- 46.8
- P/B ratio
- 5.2
- EV / EBITDA
- 29.9
- Industry P/E
- 26.9
- ROCE
- 16.4%
- ROCE 5y average
- 25.0%
- ROE
- 10.7%
- Debt / Equity
- 0.0
- Interest coverage
- 94.0
- Dividend yield
- 0.3%
- ROE 3y average
- 11.0%
- ROE last year
- 11.0%
Annual P&L
- Annual revenue
- ₹1,118 Cr
- Annual profit
- ₹69 Cr
- Operating margin
- 7.0%
- Net profit margin
- 6.2%
- EBITDA margin
- 6.7%
- Sales growth 3y
- 66.3%
- Sales growth 5y
- 77.2%
- Profit growth 3y
- 38.0%
- Profit growth 5y
- 76.0%
- EPS
- ₹3.2
- Sales growth TTM
- 71.0%
- Profit growth TTM
- 5.0%
- Dividend payout
- 16.0%
Quarter P&L
- Sales latest quarter
- ₹304 Cr
- Profit latest quarter
- ₹19 Cr
- YoY quarterly sales growth
- 24.6%
- YoY quarterly profit growth
- 5.6%
- OPM latest quarter
- 7.0%
Balance Sheet
- Book Value
- ₹28.7
- Face Value
- ₹5.0
- Total debt
- ₹6 Cr
- Total cash
- ₹262 Cr
- Borrowings
- ₹6 Cr
- Reserves / Equity
- 4.7
Cash Flow
- Operating cash flow
- ₹51 Cr
- Free cash flow
- ₹42 Cr
- FCF yield
- 1.5%
- Net cash flow
- ₹17 Cr
Shareholding
- Promoter holding
- 71.9%
- FII holding
- 0.6%
- DII holding
- 0.0%
- Public holding
- 27.2%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| L&T Technology | 3,252.10 | 25.7 | 34,489 | 1.78 | 357.1 | 17.4 | 2,940.1 | 11.5 | 26.7 |
| Inventurus Knowl | 1,737.40 | 39.1 | 29,838 | 0.00 | 193.7 | 27.9 | 893.6 | 20.7 | 31.5 |
| Tata Technolog. | 697.60 | 43.5 | 28,346 | 1.20 | 180.8 | 6.2 | 1,664.6 | 33.8 | 20.9 |
| Netweb Technol. | 4,685.40 | 106.8 | 27,839 | 0.06 | 85.3 | 179.9 | 819.7 | 172.1 | 37.5 |
| Affle 3i | 1,436.00 | 42.4 | 20,246 | 0.00 | 128.4 | 21.7 | 747.2 | 20.4 | 16.8 |
| Sagility | 43.11 | 19.7 | 20,232 | 0.35 | 216.8 | 53.0 | 1,963.5 | 27.6 | 13.4 |
| ESDS Software | 1,359.00 | 129.3 | 15,955 | 0.00 | 29.3 | 14.0 | 133.7 | 7.3 | 30.2 |
| BLS E-Services | 158.20 | 49.5 | 2,874 | 0.32 | 18.6 | 4.2 | 304.1 | 24.6 | 16.4 |
| Median | 235.02 | 26.7 | 907 | 0.00 | 9.2 | 21.2 | 111.8 | 21.0 | 16.6 |
Competes with: Affle 3i Limited, Amagi Media Labs Limited, Black Box Limited, Cyient Limited, ESDS Software Solution Limited, Inventurus Knowledge Solutions Limited, L&T Technology Services Limited, Netweb Technologies India Limited, SAGILITY LIMITED, Tata Technologies Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 75 | 81 | 72 | 74 | 75 | 77 | 128 | 239 | 244 | 270 | 281 | 323 | 304 |
| Expenses | 67 | 69 | 61 | 63 | 64 | 64 | 112 | 220 | 226 | 250 | 264 | 303 | 283 |
| Material Cost | 212 | 235 | 248 | 286 | 264 | ||||||||
| Change in Inventories | 0 | 0 | 0 | 0 | -0.55 | ||||||||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | 2.77 | ||||||||
| Employee Cost | 9.75 | 11 | 11 | 11 | 11 | ||||||||
| Other Expenses | 4.67 | 3.64 | 5.43 | 5.66 | 4.99 | ||||||||
| Operating Profit | 9 | 12 | 10 | 11 | 12 | 14 | 16 | 19 | 18 | 20 | 17 | 20 | 21 |
| OPM % | 11 | 15 | 14 | 15 | 16 | 18 | 12 | 8.12 | 7.27 | 7.42 | 5.94 | 6.33 | 6.98 |
| Other Income | 1 | 1 | 1 | 5 | 7 | 7 | 5 | 6 | 7 | 6 | 6 | 6 | 6 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | 0 | 0 | ||||||||
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 2 | 1 |
| Profit before tax | 9 | 12 | 11 | 14 | 17 | 19 | 19 | 23 | 23 | 25 | 21 | 24 | 25 |
| Tax % | 35 | 25 | 24 | 24 | 27 | 23 | 27 | 26 | 25 | 26 | 27 | 24 | 26 |
| Net Profit | 6 | 9 | 8 | 11 | 13 | 15 | 14 | 17 | 18 | 18 | 15 | 18 | 19 |
| EPS in Rs | 0.39 | 0.64 | 0.56 | 0.57 | 0.66 | 0.79 | 0.72 | 0.73 | 0.81 | 0.85 | 0.70 | 0.81 | 0.84 |
| Diluted EPS in Rs | 1.62 | 1.70 | 1.39 | 1.62 | 1.68 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 64 | 97 | 243 | 301 | 519 | 1,118 | 1,178 |
| Expenses | 60 | 90 | 210 | 260 | 459 | 1,043 | 1,100 |
| Material Cost | 981 | ||||||
| Change in Inventories | 0 | ||||||
| Purchases of Stock-in-Trade | 0 | ||||||
| Employee Cost | 43 | ||||||
| Other Expenses | 19 | ||||||
| Operating Profit | 5 | 7 | 33 | 42 | 60 | 75 | 78 |
| OPM % | 7 | 7 | 14 | 14 | 12 | 7 | 7 |
| Other Income | 1 | 2 | 1 | 8 | 26 | 25 | 23 |
| Exceptional items (within Other Income) | 0 | ||||||
| Interest | 2 | 1 | 4 | 1 | 0.75 | 0.67 | 1 |
| Depreciation | 0 | 1 | 3 | 3.37 | 6.23 | 6.27 | 6 |
| Profit before tax | 4 | 7 | 27 | 46 | 79 | 93 | 95 |
| Tax % | 20 | 21 | 25 | 27 | 26 | 25 | |
| Net Profit | 3 | 5 | 20 | 34 | 59 | 69 | 70 |
| EPS in Rs | 1.41 | 1.73 | 2.89 | 3.16 | 3.20 | ||
| Diluted EPS in Rs | 6.33 | ||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 17 | 16 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 77%
- 3 years
- 66%
- TTM
- 71%
Compounded profit growth
- 10 years
- —
- 5 years
- 76%
- 3 years
- 38%
- TTM
- 5%
Stock price CAGR
- 10 years
- —
- 5 years
- —
- 3 years
- —
- 1 year
- 73%
Return on equity
- 10 years
- —
- 5 years
- 13%
- 3 years
- 11%
- Last year
- 11%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 67 | 91 | 91 | 91 |
| Reserves | 10 | 15 | 40 | 340 | 392 | 432 |
| Borrowings | 11 | 15 | 5 | 7 | 7 | 6 |
| Other Liabilities | 20 | 26 | 67 | 71 | 214 | 233 |
| Minority Interest | 47 | |||||
| Total Liabilities | 41 | 56 | 179 | 510 | 704 | 762 |
| Fixed Assets | 8 | 15 | 88 | 93 | 179 | 180 |
| CWIP | 0 | 0 | 0 | 0 | 11 | 15 |
| Investments | 0 | 0 | 0 | 15 | 110 | 126 |
| Other Assets | 32 | 41 | 92 | 402 | 404 | 441 |
| Total Assets | 41 | 56 | 179 | 510 | 704 | 762 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 9 | 20 | 29 | 20 | 67 | 51 |
| Cash from Investing Activity | -1 | -14 | -66 | -295 | -23 | -14 |
| Cash from Financing Activity | -5 | -8 | 46 | 290 | -4 | -19 |
| Net Cash Flow | 3 | -1 | 10 | 15 | 40 | 17 |
| Free Cash Flow | 9 | 12 | 28 | 15 | 54 | 42 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 50 | 32 | 27 | 30 | 66 | 39 |
| Inventory Days | 23 | |||||
| Days Payable | 46 | |||||
| Cash Conversion Cycle | 50 | 32 | 27 | 8 | 66 | 39 |
| Working Capital Days | -110 | -55 | -58 | -29 | -53 | -14 |
| ROCE % | 31 | 45 | 17 | 16 | 16 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
-382inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
71,01,366inr
2026-03-31
News
News and filings about BLS E-Services Limited. Open one to see why it matters.
30 Sept, 19:00 IST · Company event · high impact
BLS E-Services Limited has reported a change of statutory auditor
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Sells to
- Axis Bank · loan-lead generation services
- Central Bank of India · business correspondent / customer service point banking services
- HDFC Bank · loan-lead generation and customer service point / banking correspondent services
- Indian Overseas Bank · business correspondent / customer service point banking services
- Kotak Mahindra Bank · loan-lead generation services
- Punjab National Bank · business correspondent / customer service point banking services
- State Bank of India · business correspondent / customer service point banking services
- Uttarakhand Gramin Bank · business correspondent / customer service point banking services
Buys from
- Xtranet Technologies Limited · IT solutions and services - system integration, ERP implementation and support, applicatio…
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Information Technology
- Industry
- IT Enabled Services
- Classification
- Information Technology › IT Enabled Services
- ISIN
- INE0NLT01010
News impact
Big market events that reach BLS E-Services Limited, and how the effect spreads.
11 Sept, 04:38 IST · Market event · low impact
Wipro AI push frees capacity equal to 20,000 workers; 100,000 staff get advanced AI training
Wipro says AI tools now do the work of 20,000 staff, letting it protect margins without layoffs while rivals race to copy the model.
Who it hits first
- Wipro converts AI productivity into margin defence and faster delivery
- Peers (TCS, Infosys) accelerate their own AI capacity programmes
- AI-infra names (E2E, Netweb) gain enterprise-AI validation
Who may gain
- Clients get cheaper, faster delivery — deal win rates improve
- AI server and cloud providers gain enterprise AI spend
Along the supply chain
Downstream
Clients negotiate AI-linked productivity discounts into renewals.
Upstream
AI cloud and GPU providers gain as IT firms scale internal AI usage.
Where demand moves
Business
Delivery pyramids flatten as AI agents handle routine code and testing; freed staff move to forward-deployed engineering at client sites.
Capital
Money rewards AI-led margin stories in IT; Wipro's turnaround narrative strengthens.
How it spreads across sectors
Information Technology
AI productivity becomes table stakes; margin leaders pull ahead
When it plays out
Immediate
Wipro firms on margin narrative; sector sentiment mildly positive.
Medium term
AI-led delivery permanently lifts sector margins 100-200 bps over 3 years.
Short term
Watch Q3 margins and headcount data for proof of AI leverage.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 6 Oct 2026 | split | ₹0 |
|---|---|---|
| 8 Sep 2026 | unspecified | ₹0.5 |
| 13 Feb 2026 | interim | ₹0.5 |
| 8 Sep 2025 | unspecified | ₹1 |
Splits, bonuses & buybacks
- subject0.5× · 6 Oct 2026
- daily-prices repair: 5 rows from NSE's archive (replace 1, delete 1, insert 3), 2024-03-02..2026-02-01 (docs/flat_day_repair.md)1× · 2 Mar 2024
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 24 Jul 2026 | PLASTOMATIC PACKAGING PRIVATE LIMITED | SELL | 6,11,480 | ₹278.18 |
| 24 Jul 2026 | PLASTOMATIC PACKAGING PRIVATE LIMITED | BUY | 6,11,480 | ₹277.14 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2621 Aug 2026
- Results presentation30 Jun 2026
- Annual report · 2024-2520 Aug 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.