BLS Intl Servs Ltd
NSE: BLS · Tour, Travel Related Services · sector
₹209.13NSE close 2026-10-26
Key numbers
Market cap₹8,611 cr
Price₹209.13
52w high / low₹343 / ₹209
P/E12.2xSector median 21.1x
P/B3.5xSector median 2.7x
Book value₹59.8
Dividend yield1.51%Sector median 2.09%
ROE33.6%Sector median 16.5%
ROCE31.8%Sector median 17.0%
OPM27.3%Sector median 6.7%
Debt / equity0.09xSector median 0.09x
EV/EBITDA8.4xSector median 12.8x
Interest cover34.8x
Current ratio2.91x
Sales growth 3y+25.5%Sector median +13.8%
Profit growth 3y+50.7%Sector median +93.0%
PEG0.24x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 18 companies in Tour, Travel Related Services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,513 cr vs borrowings ₹231 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 34.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 13% of net profit in the last 12 months.
- Debtor days went from 9 (FY24) to 21 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹209.13 on 2026-10-26: -39.1% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹505.50 · low ₹209.13
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 495 | 513 | 693 | 711 | 737 | 736 | 815 | 891 |
| EBITDA | 164 | 158 | 174 | 204 | 213 | 198 | 204 | 252 |
| OPM % | 33.1% | 30.8% | 25.1% | 28.7% | 28.9% | 26.9% | 25.0% | 28.3% |
| Other income | 23 | 15 | 25 | 25 | 19 | 21 | 30 | 23 |
| Net profit | 138 | 121 | 135 | 171 | 175 | 163 | 178 | 190 |
| EPS (₹) | 3.36 | 2.93 | 3.28 | 4.15 | 4.26 | 3.95 | 4.32 | 4.62 |
| Revenue YoY | +48.8% | +43.6% | +17.6% | +25.3% | ||||
| Profit YoY | +26.8% | +34.8% | +31.6% | +11.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 850 | 1,516 | 1,677 | 2,193 | 2,998 | 3,178 |
| EBITDA | 107 | 218 | 346 | 629 | 819 | 867 |
| Net profit | 111 | 201 | 313 | 508 | 687 | 706 |
| EPS (₹) | 10.86 | 4.89 | 7.60 | 12.34 | 16.68 | 17.15 |
| Revenue growth | +78.4% | +10.6% | +30.8% | +36.7% | +31.8% | |
| Profit growth | +80.4% | +55.9% | +62.4% | +35.1% | +24.9% | |
| Dividend / share (₹) | 1.25 | 0.75 | 0.75 | 0.50 | 3.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +25.5% | +44.4% | +31.8% |
| Net profit | +50.7% | +68.8% | +24.9% |
| EPS | +50.5% | +27.8% | – |
| Share price | – | -22.8% (2y) | -33.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 803 | 1,208 | 1,731 | 2,463 |
| Borrowings | – | 0 | 0 | 205 | 231 |
| Cash & equivalents | – | 476 | 987 | 904 | 1,513 |
| Total assets | – | 945 | 1,616 | 2,806 | 3,770 |
| Fixed assets | – | 99 | 168 | 321 | 452 |
| Capital work in progress | – | – | 0 | 11 | 2 |
| Investments | – | 88 | 66 | 35 | 21 |
| Receivables | – | 33 | 40 | 122 | 171 |
| Inventory | – | 1 | 2 | 0 | 1 |
| Payables | – | 29 | 31 | 98 | 153 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 185 | 261 | 350 | 829 | 903 |
| Cash from investing | -172 | -238 | -260 | -1,119 | -446 |
| Cash from financing | -12 | 7 | 257 | 158 | -246 |
| Capex | 82 | 68 | 64 | 161 | 137 |
| Free cash flow | 103 | 192 | 286 | 668 | 766 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 25.0% | 25.9% | 29.4% | 27.9% |
| ROCE % | – | 27.5% | 29.4% | 32.7% | 30.5% |
| Debtor days | – | 8 | 9 | 20 | 21 |
| Inventory days | – | 0 | 1 | 0 | 0 |
| Payable days | – | 10 | 12 | 36 | 40 |
| Cash conversion cycle (days) | – | -2 | -2 | -16 | -19 |
| Working capital days | – | 113 | 211 | 109 | 146 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 70.41% |
| FIIs | 3.88% |
| DIIs | 3.07% |
| of which Mutual funds | 0.43% |
| of which Insurance | 2.55% |
| Government | 0.00% |
| Public (non-institutions) | 22.59% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 70.38% | 70.38% | 70.39% | 70.39% | 70.39% | 70.39% | 70.39% | 70.41% |
| Promoter group | % |
|---|---|
| Diwakar Aggarwal | 5.76% |
| Azadpur Finvest Private Limited | 4.92% |
| GRB Finvest Private Limited | 4.86% |
| Hillman Properties Private Limited | 4.86% |
| Hawai Capital Private Limited | 4.86% |
| Intime Finance and Investment Private Limited | 4.86% |
| V.S. Estates Private Limited | 4.86% |
| Wonder Rock Finance and Investment Private Limited | 4.86% |
| Gaurav Aggarwal | 4.83% |
| Vinod Aggarwal | 4.80% |
| Madhukar Aggarwal | 4.80% |
| BLS Finvest Limited | 4.48% |
| Goodwork Finvest Private Limited | 4.48% |
| Sushil Aggarwal | 2.43% |
| Alka Aggarwal | 1.94% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation of India | 2.23% |
2,24,692 shareholders. Pledged: 0.00% of promoter shares.
Peers in Tour, Travel Related Services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| IRCTC | ₹35,092 cr | 25.2x | 8.2x | 35.0% | 43.9% | 30.8% | +13.8% | 2.17% |
| TBOTEK | ₹16,449 cr | 61.2x | 10.6x | 19.3% | 17.0% | 13.8% | – | – |
| BLS | ₹8,611 cr | 12.2x | 3.5x | 33.6% | 31.8% | 27.3% | +25.5% | 1.51% |
| CORDELIA | ₹6,467 cr | – | 8.9x | – | – | – | – | – |
| IXIGO | ₹6,402 cr | 42.7x | 2.9x | 10.5% | 9.1% | 10.1% | – | – |
| THOMASCOOK | ₹4,206 cr | 19.1x | 1.6x | 9.1% | 14.1% | 4.8% | +18.5% | 0.67% |
| EASEMYTRIP | ₹2,196 cr | – | 2.7x | -6.9% | -6.9% | -14.3% | +6.1% | – |
| YATRA | ₹1,194 cr | 30.4x | 1.4x | 3.9% | 5.2% | 6.7% | – | – |
| MACHLTD | ₹453 cr | 29.0x | 4.5x | 16.6% | 20.7% | 8.5% | – | – |
| ITHL | ₹210 cr | 12.8x | 1.1x | 9.1% | 12.0% | 10.9% | +8.0% | 2.09% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Visa and consular services | ₹1,840 cr | 61.4% | ₹725 cr | 39.4% |
| Digital services | ₹1,158 cr | 38.6% | ₹95 cr | 8.2% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-16 | Dividend | Dividend - Re 0.50 Per Share |
| 2026-02-13 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2025-09-08 | Dividend | Dividend - Re 1 Per Share |
| 2024-09-05 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2024-02-23 | Dividend | Interim Dividend - Rs 0.50 Per Share |
| 2023-09-14 | Dividend | Annual General Meeting/Dividend - Re 0.25 Per Share |
| 2023-02-17 | Dividend | Interim Dividend - Rs 0.50 Per Share |
| 2022-12-08 | Bonus | Bonus 1:1 |
| 2022-09-13 | Dividend | Annual General Meeting/Dividend - Rs 0.25 Per Share |
| 2022-05-13 | Bonus | Bonus 1:1 |
| 2022-02-11 | Dividend | Interim Dividend - Re 1 Per Share |
| 2021-09-16 | Dividend | Annual General Meeting/Dividend - Rs 0.25 Per Share |
| 2021-02-11 | Dividend | Interim Dividend - Rs 0.25 Per Share |
| 2020-09-11 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2020-02-13 | Dividend | Interim Dividend - Rs 0.50 Per Share |
| 2019-09-18 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2018-09-11 | Dividend | Annual General Meeting/Dividend Re 0.5 Per Share |
| 2017-09-12 | Dividend | Annual General Meeting/Dividend - Re 0.30/- Per Share |
| 2017-04-26 | Split | Face Value Split From Rs 10/- Per Share To Re 1/- Per Share |
| 2016-11-23 | Dividend | Interim Dividend Re 0.50 Per Share |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY25
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Visa and Consular Services: BLS International Services Ltd. is a globally trusted, techenabled, AI-powered service partner for governments and citizens, with a legacy spanning two decades. Since its inception in 2005, the company has emerged as one of the top two players in visa, passport, consular, and citizen services. It is the only listed company in this sector, traded on major Indian stock exchanges (BSE: 540073, NSE: BLS). BLS International provides end-to-end solutions across e-governance, attestation, biometrics, e- visa, and retail services, consistently setting industry benchmarks
- Digital Services: BLS International Services Ltd. is a globally trusted, techenabled, AI-powered service partner for governments and citizens, with a legacy spanning two decades. Since its inception in 2005, the company has emerged as one of the top two players in visa, passport, consular, and citizen services. It is the only listed company in this sector, traded on major Indian stock exchanges (BSE: 540073, NSE: BLS). BLS International provides end-to-end solutions across e-governance, attestation, biometrics, e- visa, and retail services, consistently setting industry benchmarks
| Sector | Consumer Discretionary |
| Industry | Tour, Travel Related Services |
| Sub-industry | Tour, Travel Related Services |
| Symbol | BLS |
| BSE code | 540073 |
| ISIN | INE153T01027 |
| Face value | ₹1.0 |
| Incorporated | 1983-11-07 |
| Website | www.blsinternational.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.