BLS E-Services
BLSE NSE
BLS E-Services
Information TechnologyNSE: BLSE BSE: 544107 IT Enabled Services
Key Fundamentals
MicrocapIT Enabled ServicesInformation TechnologyMarket Cap
₹2,816 Cr
Volatility
Moderate
P/E Ratio
48.95
EBITDA
₹99.90 Cr
Return on Equity
12.16%
Debt to Equity
0.01
Book Value
₹57.51
52W High
₹331.3
52W Low
₹124.3
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
4- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 76.4% CAGR over last 5 years
- Promoter holding has increased by 2.06% over last quarter.
Weaknesses
1- Company has a low return on equity of 11.2% over last 3 years.
Growth Rate
Revenue Growth
110% higher than
3Y
Net Income Growth
17.86% lower than
3Y
Cash Flow Change
-24.68% lower than
3Y
ROE
7.14% lower than
3Y
ROCE
6.68% lower than
3Y
EBITDA Margin (Avg.)
-44.68% higher than
3Y
Quarterly Results
| Particulars | 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 |
| Operating Profit | 9 | 12 | 10 | 11 | 12 | 14 | 16 | 19 | 18 | 20 | 17 | 20 | 21 |
| OPM % | 11% | 15% | 14% | 15% | 16% | 18% | 12% | 8% | 7% | 7% | 6% | 6% | 7% |
| Other Income | 1 | 1 | 1 | 5 | 7 | 7 | 5 | 6 | 7 | 6 | 6 | 6 | 6 |
| 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 |
| PBT | 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 | 0.77 | 1.27 | 1.12 | 1.13 | 1.32 | 1.58 | 1.44 | 1.45 | 1.62 | 1.7 | 1.39 | 1.62 | 1.68 |
Profit & Loss
| Particulars | 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 |
| 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 |
| Interest | 2 | 1 | 4 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 1 | 3 | 3 | 6 | 6 | 6 |
| PBT | 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 | 3,150 | 5,380 | 2.83 | 3.46 | 5.78 | 6.33 | 6.39 |
| Div. Payout % | 0% | 0% | 0% | 0% | 17% | 16% | — |
Balance Sheet
| Particulars | 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 |
| 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 Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | 9 | 20 | 29 | 20 | 67 | 51 |
| Investing | -1 | -14 | -66 | -295 | -23 | -14 |
| Financing | -5 | -8 | 46 | 290 | -4 | -19 |
| Net Cash Flow | 3 | -1 | 10 | 15 | 40 | 17 |
| Free Cash Flow | 9 | 12 | 28 | 15 | 54 | 42 |
| CFO/OP | 195 | 315 | 99 | 72 | 120 | 109 |
Ratios
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view BLS E-Services insights
64 extracted metrics + investor summaries across FY12–FY27.
Documents
1
Announcement under Regulation 30 (LODR)-Updates on Acquisition
30 Apr - BLS E-Services expects Atyati Technologies acquisition completion by July 31, 2026, pending approvals. 30 Apr - BLS E-Services expects Atyati Technologies acquisition completion by July 31, 2026, pending approvals.
2
Announcement under Regulation 30 (LODR)-Updates on Acquisition
30 Apr - BLS E-Services expects Atyati Technologies acquisition completion by July 31, 2026, pending approvals. 30 Apr - BLS E-Services expects Atyati Technologies acquisition completion by July 31, 2026, pending approvals.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Confirmation certificate for the quarter ended on March 31, 2026 as received from Registrar and Transfer Agent (RTA) of the Company i.e. KFIN Technologies Limited … 7 Apr - Confirmation certificate for the quarter ended on March 31, 2026 as received from Registrar and Transfer Agent (RTA) of the Company i.e. KFIN Technologies Limited …
4
Announcement under Regulation 30 (LODR)-Updates on Acquisition
31 Mar - BLS E-Services extends binding offer; 100% Atyati acquisition expected by April 30, 2026, pending approvals. 31 Mar - BLS E-Services extends binding offer; 100% Atyati acquisition expected by April 30, 2026, pending approvals.
5
Closure of Trading Window
25 Mar - BLS E-Services: Trading window closed from April 1, 2026 until 48 hours after audited FY2026 results. 25 Mar - BLS E-Services: Trading window closed from April 1, 2026 until 48 hours after audited FY2026 results.
Frequently Asked Questions about BLS E-Services
What does BLS E-Services Ltd do?
Incorporated in 2016, BLS-E Services
Ltd provides Digital Services including
E-Governance, Business Correspondent
and allied services[1]
Where is BLS E-Services Ltd (BLSE) listed?
BLS E-Services Ltd trades as BLSE on the NSE and under code 544107 on the BSE.
Which sector does BLS E-Services Ltd belong to?
BLS E-Services Ltd is classified under the Information Technology sector, in the IT Enabled Services industry.
What is the market capitalisation of BLS E-Services Ltd?
BLS E-Services Ltd has a market capitalisation of ₹2,816 Cr, which places it in the Small Cap band.
What is the PE ratio of BLS E-Services Ltd?
BLS E-Services Ltd trades at a PE ratio of 48.95, against a book value of ₹57.51 per share.
What is the 52-week high and low of BLS E-Services Ltd?
Over the last 52 weeks BLS E-Services Ltd has traded between ₹124.3 and ₹331.3.
Does BLS E-Services Ltd pay dividends?
BLS E-Services Ltd has a dividend yield of 0.32%.
What is the Return on Equity (ROE) of BLS E-Services Ltd?
BLS E-Services Ltd reported a return on equity of 12.16%. Its debt-to-equity ratio is 0.01.
Company Information
Incorporated in 2016, BLS-E Services Ltd provides Digital Services including E-Governance, Business Correspondent and allied services[1]
Website blseservices.com
CEO Mr. Rahul Sharma
Employees 1,200
Listed 2024-02-06
Face Value ₹ 10
Issued Size 9,08,56,485
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