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

Fair Value

₹241.46Overvalued by 22.86%vs CMP ₹313.00

P/E (48.9) × ROE (10.7%) × BV (₹57.50) × DY (0.32%)

₹148.67Overvalued by 52.50%vs CMP ₹313.00
MoS: -110.5% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹293.2823%Fair (-6.3%)
Graham NumberEarnings₹89.2717%Over (-71.5%)
Earnings PowerEarnings₹32.2311%Over (-89.7%)
DCFCash Flow₹183.0811%Over (-41.5%)
Net Asset ValueAssets₹57.607%Over (-81.6%)
EV/EBITDAEnterprise₹72.039%Over (-77%)
Earnings YieldEarnings₹61.607%Over (-80.3%)
ROCE CapitalReturns₹266.549%Over (-14.8%)
Revenue MultipleRevenue₹57.166%Over (-81.7%)
Consensus (9 models)₹148.67100%Overvalued
Key Drivers: Wide model spread (₹32–₹293) — 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

Analysis summary

Data coverage: Price-data record updated 14 September 2026, 3:29 pm +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

BLS E-Services Ltd: the stored intrinsic value estimate is ₹148.67, compared with a stored share price of ₹313.00. The model value is 52.5% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation.

Operating performance

Revenue for Mar 2025 was ₹519.00 Cr, versus ₹301.00 Cr in Mar 2024 (72.4% year on year). Net profit for Mar 2025 was ₹59.00 Cr, versus ₹34.00 Cr in Mar 2024 (73.5% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹67.00 Cr against net profit of ₹59.00 Cr. Cash flow covered 1.14 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

Balance-sheet check

Reported borrowings were ₹6.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

84
BLS E-Services Ltd scores 84/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health84/100 · Strong
ROCE 16.4% GoodROE 10.7% AverageD/E 0.00 Low debtInterest Coverage 114.7x StrongProfitable 5/5 available years Reported history
Smart Money70/100 · Strong
FII holding up 0.43% (6mo) Slight increasePromoter increased by 2.06% Positive
Earnings Quality100/100 · Strong
CFO/NP ratio: 1.03x Cash-backed earningsOPM 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 48.9 vs industry 137.5 Lower P/EROCE 16.4% vs industry 15.3% Average3Y sales CAGR: 75% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

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Share Price and Basic Stock Data

Last Updated: September 14, 2026, 3:29 pm

Market Cap 2,842 Cr.
Current Price 313
Intrinsic Value₹148.67
High / Low 331/124
Stock P/E48.9
Book Value 57.5
Dividend Yield0.32 %
ROCE16.4 %
ROE10.7 %
Face Value 10.0
PEG Ratio2.28

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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 2,842 Cr. 313 331/12448.9 57.50.32 %16.4 %10.7 % 10.0
Route Mobile Ltd 3,110 Cr. 494 890/4118.79 4402.23 %17.4 %12.6 % 10.0
Zaggle Prepaid Ocean Services Ltd 2,514 Cr. 187 405/15420.2 1040.00 %13.5 %10.0 % 1.00
Hinduja Global Solutions Ltd 1,870 Cr. 402 550/342 1,7881.24 %1.42 %1.22 % 10.0
Aurum Proptech Ltd 1,615 Cr. 224 265/1511,719 70.40.00 %1.33 %3.76 % 5.00
Industry Average6,843.20 Cr512.46137.53185.340.55%15.26%14.87%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

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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

Free cash flow reported in the stored cash-flow statement (₹ Cr)
PeriodMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Free Cash Flow9.0012.0028.0015.0054.0042.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

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

Frequently asked questions

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

BLS E-Services Ltd: the stored intrinsic value estimate is ₹148.67, compared with a stored share price of ₹313.00. The model value is 52.5% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for BLS E-Services Ltd?

The stored share price is ₹313.00. Price-data record updated: 14 September 2026, 3:29 pm +05:30. This is not a live quote. The stored 52-week high / low is 331/124; this is a rolling range, not a financial-year range.

How have BLS E-Services Ltd's revenue and profit changed?

Revenue for Mar 2025 was ₹519.00 Cr, versus ₹301.00 Cr in Mar 2024 (72.4% year on year). Net profit for Mar 2025 was ₹59.00 Cr, versus ₹34.00 Cr in Mar 2024 (73.5% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Does BLS E-Services Ltd's profit convert into cash?

For the same Mar 2025 period, operating cash flow was ₹67.00 Cr against net profit of ₹59.00 Cr. Cash flow covered 1.14 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

What should I check in BLS E-Services Ltd's balance sheet?

Reported borrowings were ₹6.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare BLS E-Services Ltd's P/E with other stocks?

The stored P/E is 48.90. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change BLS E-Services Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.

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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