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BLS E-Services Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹256.20Overvalued by 17.88%vs CMP ₹312.00

P/E (48.7) × ROE (11.4%) × BV (₹57.50) × DY (0.32%)

₹152.80Overvalued by 51.03%vs CMP ₹312.00
MoS: -104.2% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹311.1923%Fair (-0.3%)
Graham NumberEarnings₹89.2717%Over (-71.4%)
Earnings PowerEarnings₹32.2411%Over (-89.7%)
DCFCash Flow₹183.1411%Over (-41.3%)
Net Asset ValueAssets₹57.627%Over (-81.5%)
EV/EBITDAEnterprise₹72.059%Over (-76.9%)
Earnings YieldEarnings₹61.607%Over (-80.3%)
ROCE CapitalReturns₹266.639%Over (-14.5%)
Revenue MultipleRevenue₹57.186%Over (-81.7%)
Consensus (9 models)₹152.80100%Overvalued
Key Drivers: Wide model spread (₹32–₹311) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 21.5%

*Investments are subject to market risks

Analyst Summary

BLS E-Services Ltd operates in the IT Enabled Services segment, NSE: BLSE | BSE: 544107, current market price is ₹312.00, market cap is 2,832 Cr.. At a glance, stock P/E is 48.7, ROE is 11.4 %, ROCE is 17.0 %, book value is 57.5, dividend yield is 0.32 %. The latest intrinsic value estimate is ₹152.80, around 51.0% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹519 Cr versus the prior period change of 72.4%, while latest net profit is about ₹59 Cr with a prior-period change of 73.5%. The 52-week range shown on this page is 328/124, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisBLS E-Services Ltd. is a Public Limited Listed company incorporated on 12/04/2016 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74999DL…

This summary is generated from the stock page data available for BLS E-Services Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

70
BLS E-Services Ltd scores 70/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health56/100 · Moderate
ROCE 17.0% GoodROE 11.4% AverageD/E 7.83 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money70/100 · Strong
FII holding up 0.43% (6mo) Slight increasePromoter increased by 2.06% Positive
Earnings Quality75/100 · Strong
OPM expanding (11% → 13%) ImprovingWorking capital: -31 days (improving) Efficient
Quarterly Momentum80/100 · Strong
Revenue (4Q): +192% YoY AcceleratingProfit (4Q): +28% YoY StrongOPM: 6.0% (down 6.0% YoY) Margin pressure
Industry Rank75/100 · Strong
P/E 48.7 vs industry 138.8 Cheaper than peersROCE 17.0% vs industry 15.5% Average3Y sales CAGR: 75% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 9:37 am

Market Cap 2,832 Cr.
Current Price 312
Intrinsic Value₹152.80
High / Low 328/124
Stock P/E48.7
Book Value 57.5
Dividend Yield0.32 %
ROCE17.0 %
ROE11.4 %
Face Value 10.0
PEG Ratio2.27

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for BLS E-Services Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
BLS E-Services Ltd 2,832 Cr. 312 328/12448.7 57.50.32 %17.0 %11.4 % 10.0
Zaggle Prepaid Ocean Services Ltd 2,572 Cr. 191 412/15420.7 1040.00 %13.5 %10.0 % 1.00
Route Mobile Ltd 3,108 Cr. 493 890/4118.78 4402.23 %17.4 %12.6 % 10.0
Hinduja Global Solutions Ltd 1,870 Cr. 402 550/342 1,7881.24 %1.42 %1.22 % 10.0
Aurum Proptech Ltd 1,673 Cr. 232 265/1511,780 70.40.00 %1.84 %2.68 % 5.00
Industry Average6,749.13 Cr499.46138.75185.340.55%15.45%15.03%7.41

All Competitor Stocks of BLS E-Services Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 6973758172747577128239244270281
Expenses 6061676961636464112220226250264
Operating Profit 912912101112141619182017
OPM % 13%17%11%15%14%15%16%18%12%8%7%7%6%
Other Income -242311157756766
Interest 1000000000000
Depreciation 0111111122122
Profit before tax -1634912111417191923232521
Tax % -26%25%35%25%24%24%27%23%27%26%25%26%27%
Net Profit -12256981113151417181815
EPS in Rs -1.883.730.771.271.121.131.321.581.441.451.621.701.39

Last Updated: March 3, 2026, 11:42 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 1:46 am

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 64972433015191,034
Expenses 6090210260459960
Operating Profit 5733426074
OPM % 7%7%14%14%12%7%
Other Income 12182625
Interest 214111
Depreciation 013366
Profit before tax 4727467992
Tax % 20%21%25%27%26%
Net Profit 3520345968
EPS in Rs 3,150.005,380.002.833.465.786.16
Dividend Payout % 0%0%0%0%17%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)66.67%300.00%70.00%73.53%
Change in YoY Net Profit Growth (%)0.00%233.33%-230.00%3.53%

BLS E-Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2021-2022 to 2024-2025.

Growth

Last Updated: September 5, 2025, 2:41 pm

Balance Sheet

Last Updated: August 10, 2026, 2:00 am

MonthMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 0.010.0167919191
Reserves 101540340392432
Borrowings 11155776
Other Liabilities 20266771183233
Total Liabilities 4156179510672762
Fixed Assets 8158893148180
CWIP -0-0-0-01115
Investments -0-0-015110126
Other Assets 324192402404441
Total Assets 4156179510672762

Reserves and Borrowings Chart

Cash Flow

MonthMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 92029206751
Cash from Investing Activity + -1-14-66-295-23-14
Cash from Financing Activity + -5-846290-4-19
Net Cash Flow 3-110154017
Free Cash Flow 91228155442
CFO/OP 195%315%99%72%120%109%

Free Cash Flow

MonthMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-6.00-8.0028.0035.0053.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 5032273066
Inventory Days 236
Days Payable 46683
Cash Conversion Cycle 5032278-611
Working Capital Days -110-55-58-29-31
ROCE %31%45%17%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 68.89%68.89%68.89%68.89%68.89%68.89%68.89%68.89%69.81%71.87%
FIIs 9.27%5.69%1.42%0.78%0.41%0.25%0.21%0.99%0.46%0.64%
DIIs 0.01%0.01%0.01%0.01%0.02%0.00%0.00%0.11%0.01%0.02%
Public 21.83%25.40%29.68%30.31%30.67%30.85%30.90%29.77%29.49%27.24%
Others 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.22%0.22%0.22%
No. of Shareholders 73,19075,00187,91291,93993,86190,44286,68978,58776,52069,588

Shareholding Pattern Chart

No. of Shareholders

BLS E-Services Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 5.794.443.020.890.52
Diluted EPS (Rs.) 5.794.443.020.890.52
Cash EPS (Rs.) 7.164.063.466199.703221.50
Book Value[Excl.RevalReserv]/Share (Rs.) 53.1347.4516.036793.901406.00
Book Value[Incl.RevalReserv]/Share (Rs.) 53.1347.4516.036793.901406.00
Revenue From Operations / Share (Rs.) 57.1633.1836.4396698.2064487.20
PBDIT / Share (Rs.) 9.485.505.448620.705472.80
PBIT / Share (Rs.) 8.795.125.027800.605399.50
PBT / Share (Rs.) 8.715.034.046777.403922.20
Net Profit / Share (Rs.) 6.473.693.055379.603148.20
NP After MI And SOA / Share (Rs.) 5.793.463.055379.603148.20
PBDIT Margin (%) 16.5816.5614.938.918.48
PBIT Margin (%) 15.3815.4413.788.068.37
PBT Margin (%) 15.2315.1611.097.006.08
Net Profit Margin (%) 11.3211.128.365.564.88
NP After MI And SOA Margin (%) 10.1210.418.365.564.88
Return on Networth / Equity (%) 10.887.2819.0179.18223.91
Return on Capital Employeed (%) 15.2510.4928.9827.7654.90
Return On Assets (%) 7.816.1611.329.617.75
Long Term Debt / Equity (X) 0.000.000.001.070.00
Total Debt / Equity (X) 0.000.000.001.297.83
Asset Turnover Ratio (%) 0.870.872.072.000.00
Current Ratio (X) 2.064.691.100.960.67
Quick Ratio (X) 2.054.661.090.960.67
Inventory Turnover Ratio (X) 498.730.000.000.000.00
Interest Coverage Ratio (X) 114.6858.469.248.433.70
Interest Coverage Ratio (Post Tax) (X) 79.3240.276.846.263.13
Enterprise Value (Cr.) 1298.842571.190.000.000.00
EV / Net Operating Revenue (X) 2.508.530.000.000.00
EV / EBITDA (X) 15.0851.500.000.000.00
MarketCap / Net Operating Revenue (X) 2.619.340.000.000.00
Price / BV (X) 2.816.530.000.000.00
Price / Net Operating Revenue (X) 2.619.340.000.000.00
EarningsYield 0.030.010.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of BLS E-Services Ltd and is it undervalued?

As of 02 September 2026, BLS E-Services Ltd's intrinsic value is ₹152.80, which is 51.03% lower than the current market price of ₹312.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (11.4 %), book value (₹57.5), dividend yield (0.32 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of BLS E-Services Ltd?

BLS E-Services Ltd is trading at ₹312.00 as of 02 September 2026, with a FY2026-2027 high of ₹328 and low of ₹124. The stock is currently near its 52-week high. Market cap stands at ₹2,832 Cr..

How does BLS E-Services Ltd's P/E ratio compare to its industry?

BLS E-Services Ltd has a P/E ratio of 48.7, which is below the industry average of 138.75. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is BLS E-Services Ltd financially healthy?

Key indicators for BLS E-Services Ltd: ROCE of 17.0 % indicates efficient capital utilization. Dividend yield is 0.32 %.

Is BLS E-Services Ltd profitable and how is the profit trend?

BLS E-Services Ltd reported a net profit of ₹59 Cr in Mar 2025 on revenue of ₹519 Cr. Compared to ₹5 Cr in Mar 2022, the net profit shows an improving trend.

Does BLS E-Services Ltd pay dividends?

BLS E-Services Ltd has a dividend yield of 0.32 % at the current price of ₹312.00. The company pays dividends, though the yield is modest.

Last Updated: August 25, 2026, 9:37 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 544107 | NSE: BLSE
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in BLS E-Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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