BLS International Services
- Market cap
- ₹ 8,593 Cr.
- P/E
- 12.2x
- P/B
- 3.66x
- 52-week range
- 203.15 – 343.25
- ROE
- 33%
- ROCE
- 29%
- Dividend yield
- 1.1%
- Debt / equity
- 0.17
- Sector
- Leisure Services
- Industry
- Tour, Travel Related Services
- Listed on
- NSE, BSE
About
BLS International Services Limited is an India-based global tech-enabled services partner for governments and citizens. The Company’s services include visa processing services, citizen and front-end services, consular services, e-visas, biometrics and identity management services, verification and attestation services. It operates through two segments: Visa and Consular Services and Digital Services. Its Digital Services segment includes e-Governance, business correspondent and allied services. Its consular services include accepting passport applications, replacement passports and associated travel documents, national identification cards, consular appointments, renunciation of citizenships, and notarial services, including witnessing and authenticating documents. The Company also provides assisted applications, registration, and biometric solutions. It provides services to state and provincial governments, including Embassies and Consulates.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Tour, Travel Related Services: 22 companies →BLS International Services against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)12.2 against a typical 22.1: cheaper than most peers (1st = cheapest).7th of 22
- Sales growth+25.3% against a typical +18.1% from a year earlier.6th of 15
- Profit growth+11.6% against a typical −13.5% from a year earlier.3rd of 13
- Share price, 3 months−9.9% against a typical −9.7%.12th of 22
- Size₹ 8,593 Cr. market value against a typical ₹ 48 Cr. (1st = largest).1st of 19
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated AA- to A+ by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA- | Stable | 5 Aug 2026 |
| CRISIL | Crisil A+ | Stable | 10 Apr 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 5 Aug 2026 | New rating | [ICRA]AA- | — | ICRA | ₹ 300 Cr. | |
| 10 Apr 2026 | Reaffirmed | Crisil A+/Watch Developing → Crisil A+ | — | CRISIL | ₹ 300 Cr. | |
| 21 Jan 2026 | Reaffirmed | Crisil A+/Watch Developing | — | CRISIL | ₹ 300 Cr. | |
| 23 Oct 2025 | Rating action | Crisil A+/Watch Developing | — | CRISIL | ₹ 300 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 7 Aug 2026 | Financial Results | To consider and approve unaudited standalone and consolidated financial results for the period ended Jun 30, 2026 |
| 19 May 2026 | Financial Results/Dividend | To consider and approve the Audited Standalone and Consolidated Financial Results for the period ended March 31, 2026 and Final Dividend |
| 6 Feb 2026 | Financial Results/Dividend | Pursuant to the provisions of Regulations 29 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, February 06, 2026, inter-alia, to consider the following items:-a. To consider and approve the Un-audited Standalone and Consolidated Financial Results of the Company for the third quarter and nine months ended on December 31, 2025, along with Limited Review Report of the Statutory Auditors thereon.b. To consider and approve Interim Dividend for the Financial Year 2025-26, if any. |
| 11 Nov 2025 | Financial Results | To consider and approve the Un-audited Standalone and Consolidated Financial Results of the Company for the second quarter and half year ended on September 30, 2025, along with Limited Review Report of the Statutory Auditors thereon |
| 5 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 15 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 | 408 | 438 | 448 | 493 | 495 | 513 | 693 | 711 | 737 | 736 | 815 | 891 |
| Expenses | 321 | 349 | 357 | 360 | 331 | 355 | 519 | 506 | 524 | 538 | 611 | 638 |
| Operating Profit | 87 | 89 | 90 | 133 | 164 | 158 | 174 | 204 | 213 | 198 | 204 | 252 |
| OPM % | 21% | 20% | 20% | 27% | 33% | 31% | 25% | 29% | 29% | 27% | 25% | 28% |
| Other Income | 9 | 9 | 15 | 18 | 23 | 15 | 25 | 25 | 19 | 21 | 30 | 23 |
| Interest | 1 | 0 | 1 | 2 | 6 | 11 | 9 | 6 | 6 | 5 | 6 | 8 |
| Depreciation | 7 | 6 | 11 | 14 | 18 | 22 | 23 | 23 | 23 | 23 | 25 | 32 |
| Profit before tax | 87 | 91 | 93 | 135 | 164 | 140 | 167 | 200 | 203 | 191 | 204 | 236 |
| Tax % | 6% | 4% | 9% | 10% | 11% | 9% | 13% | 10% | 8% | 11% | 8% | 14% |
| Net Profit | 82 | 87 | 85 | 121 | 146 | 128 | 145 | 181 | 186 | 170 | 187 | 202 |
| EPS in Rs | 1.91 | 2.05 | 1.96 | 2.77 | 3.36 | 2.93 | 3.28 | 4.15 | 4.26 | 3.95 | 4.32 | 4.62 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 20%
- 5 Years
- 44%
- 3 Years
- 26%
- TTM
- 32%
- 10 Years
- 36%
- 5 Years
- 69%
- 3 Years
- 50%
- TTM
- 25%
- 10 Years
- —
- 5 Years
- 50%
- 3 Years
- −1%
- TTM
- —
- 10 Years
- 30%
- 5 Years
- 31%
- 3 Years
- 33%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| BLS International Services | ₹ 219.09 | ₹ 8,593 Cr. | 12.2x | 3.7x | 33% | — |
| Delhivery | ₹ 370.00 | ₹ 27,724 Cr. | 226x | 3.8x | 1.6% | 1.5% |
| Urban Company | ₹ 132.65 | ₹ 20,457 Cr. | — | 8.9x | −11.9% | −15.1% |
| Indegene | ₹ 570.00 | ₹ 13,763 Cr. | 29.5x | 3.9x | 13.9% | 11.4% |
| Axiscades Technologies | ₹ 1,915.00 | ₹ 8,154 Cr. | 83.3x | 9.1x | 10.5% | 6.2% |
| TVS Supply Chain Solutions | ₹ 109.19 | ₹ 4,818 Cr. | 26.7x | 3x | 6% | 1.1% |
Management
- Diwakar Aggarwal
- Executive Chairman of the Board
- Amit Sudhakar
- Chief Financial Officer
- Dharak Arvind Mehta
- Compliance Officer, Company Secretary
- Shikhar Aggarwal
- Joint Managing Director, Executive Director
- Nikhil Gupta
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.