BLS

BLS International Services Limited

Visa and consular services provider for governments and citizens worldwide

Consumer Discretionary›Consumer Services›Leisure Services›Tour, Travel Related Services

blsinternational.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹227.53
Market cap
9,361 Cr
Stock P/E
13.3
P/B
3.80
Dividend yield
1.4%
ROE (FY26)
24.7%
ROCE (FY26)
27.2%
Operating margin (FY26)
24.2%
Debt / equity (FY26)
0.09
OCF / EBITDA (FY26)
110.3%
OCF / EBITDA (3Y)
116.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

BLS International (BLS) runs visa and consular application services for governments and a Digital Services business that distributes loans and acts as a business correspondent, with Visa & Consular the larger business.

Company snapshot

3rdBy market cap

Ranked among 8 companies in Tour, Travel Related Services.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 73.3% of revenue

SegmentRevenue shareRevenuePBTAssets
Digital Services
28.2%
145 Cr20 Cr720 Cr
Visa and Consular Services
73.3%
376 Cr120 Cr1,961 Cr

Shares add up to 101% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 24.1% — the business keeps a healthy share of every rupee it earns.
4 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales408 Cr438 Cr448 Cr493 Cr495 Cr513 Cr693 Cr711 Cr737 Cr736 Cr815 Cr891 Cr
Operating expenses (approx.)321 Cr349 Cr357 Cr360 Cr331 Cr355 Cr519 Cr506 Cr524 Cr538 Cr611 Cr638 Cr
EBITDA87 Cr89 Cr90 Cr133 Cr164 Cr158 Cr174 Cr204 Cr213 Cr198 Cr204 Cr252 Cr
OPM %21.3%20.2%20.2%27.0%33.1%30.8%25.1%28.7%28.9%26.9%25.0%28.3%
Other income9 Cr9 Cr15 Cr18 Cr23 Cr15 Cr25 Cr25 Cr19 Cr21 Cr30 Cr23 Cr
Interest0.99 Cr0.50 Cr0.82 Cr2 Cr6 Cr11 Cr9 Cr6 Cr6 Cr5 Cr6 Cr8 Cr
Depreciation7 Cr6 Cr11 Cr14 Cr18 Cr22 Cr23 Cr23 Cr23 Cr23 Cr25 Cr32 Cr
Profit before tax87 Cr91 Cr93 Cr135 Cr164 Cr140 Cr167 Cr200 Cr203 Cr191 Cr204 Cr236 Cr
Tax %5.9%4.2%8.6%10.3%11.1%8.8%12.9%9.6%8.4%10.7%8.2%14.4%
Net profit82 Cr87 Cr85 Cr121 Cr146 Cr128 Cr145 Cr181 Cr186 Cr170 Cr187 Cr202 Cr
EPS (₹)₹1.91₹2.05₹1.96₹2.77₹3.36₹2.93₹3.28₹4.15₹4.26₹3.95₹4.32₹4.62

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales635 Cr789 Cr804 Cr786 Cr478 Cr850 Cr1,516 Cr1,677 Cr2,193 Cr2,998 CrSign in free for the trailing twelve months
Operating expenses (approx.)553 Cr630 Cr695 Cr703 Cr439 Cr743 Cr1,295 Cr1,331 Cr1,564 Cr2,179 CrSign in free for the trailing twelve months
EBITDA82 Cr159 Cr108 Cr83 Cr40 Cr107 Cr221 Cr346 Cr629 Cr819 CrSign in free for the trailing twelve months
OPM %13.0%20.1%13.5%10.6%8.3%12.6%14.6%20.6%28.7%27.3%Sign in free for the trailing twelve months
Other income3 Cr4 Cr43 Cr13 Cr19 Cr15 Cr21 Cr40 Cr81 Cr95 CrSign in free for the trailing twelve months
Interest6 Cr12 Cr10 Cr2 Cr0.54 Cr0.67 Cr0.67 Cr3 Cr28 Cr23 CrSign in free for the trailing twelve months
Depreciation26 Cr40 Cr19 Cr12 Cr9 Cr7 Cr18 Cr31 Cr77 Cr94 CrSign in free for the trailing twelve months
Profit before tax53 Cr111 Cr122 Cr55 Cr48 Cr114 Cr220 Cr352 Cr606 Cr797 CrSign in free for the trailing twelve months
Tax %6.0%12.9%13.6%4.5%-4.1%2.4%7.4%7.5%10.9%9.2%Sign in free for the trailing twelve months
Net profit50 Cr97 Cr105 Cr52 Cr50 Cr111 Cr204 Cr326 Cr540 Cr724 CrSign in free for the trailing twelve months
EPS (₹)₹4.89₹9.42₹10.27₹5.11₹4.90₹10.86₹4.89₹7.60₹12.34₹16.68Sign in free for the trailing twelve months
Dividend payout %————15.2%11.5%12.6%9.5%3.9%18.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr41 Cr41 Cr41 Cr41 Cr
Reserves155 Cr250 Cr362 Cr418 Cr450 Cr560 Cr762 Cr1,166 Cr1,690 Cr2,422 Cr
Borrowings84 Cr93 Cr29 Cr——3 Cr——205 Cr231 Cr
Other liabilities47 Cr116 Cr76 Cr41 Cr38 Cr60 Cr108 Cr175 Cr582 Cr756 Cr
Total liabilities297 Cr470 Cr477 Cr469 Cr498 Cr633 Cr945 Cr1,616 Cr2,806 Cr3,770 Cr
Fixed assets (net)72 Cr41 Cr25 Cr23 Cr25 Cr84 Cr99 Cr168 Cr321 Cr452 Cr
CWIP———0 Cr0 Cr——0 Cr11 Cr2 Cr
Investments32 Cr28 Cr28 Cr29 Cr24 Cr70 Cr88 Cr116 Cr220 Cr352 Cr
Inventories——0 Cr0 Cr0 Cr0 Cr0.56 Cr2 Cr0.49 Cr0.87 Cr
Trade receivables60 Cr212 Cr176 Cr113 Cr100 Cr22 Cr33 Cr40 Cr122 Cr171 Cr
Cash & bank60 Cr87 Cr67 Cr22 Cr35 Cr37 Cr67 Cr414 Cr283 Cr494 Cr
Other assets73 Cr102 Cr180 Cr283 Cr314 Cr420 Cr658 Cr876 Cr1,849 Cr2,298 Cr
Total assets297 Cr470 Cr477 Cr469 Cr498 Cr633 Cr945 Cr1,616 Cr2,806 Cr3,770 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity48 Cr56 Cr136 Cr116 Cr45 Cr185 Cr261 Cr350 Cr829 Cr903 Cr
Cash from investing-115 Cr-27 Cr-68 Cr-107 Cr-22 Cr-172 Cr-238 Cr-260 Cr-1,119 Cr-446 Cr
Cash from financing84 Cr-2 Cr-87 Cr-54 Cr-9 Cr-12 Cr7 Cr257 Cr158 Cr-246 Cr
Net cash flow17 Cr27 Cr-20 Cr-45 Cr13 Cr2 Cr30 Cr347 Cr-131 Cr211 Cr
Free cash flow (OCF − Capex)-34 Cr44 Cr105 Cr101 Cr40 Cr103 Cr192 Cr286 Cr668 Cr766 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %23.6%34.8%32.9%13.2%10.6%20.0%26.4%24.6%28.5%27.2%
ROE %30.2%37.1%28.3%12.2%10.9%19.5%24.0%21.7%25.2%24.7%
Debtor days349880527610892021
Inventory days——00000100
Days payable7291611101210123640
Cash conversion cycle2769644166-2-2-2-16-19
OCF / EBITDA %58.2%35.1%125.3%138.9%113.4%173.3%117.9%101.2%131.7%110.3%
OCF / EBITDA % (3 years)——68.5%87.7%128.1%150.5%133.5%118.1%120.3%116.0%
Debt / equity0.510.360.08——0.0055——0.120.09
Current ratio2.302.293.8710.1811.847.385.687.702.342.91
Net debt / EBITDA0.29—-0.35-0.26-0.89-0.32-0.30-1.20-0.12-0.32