BLS International Services Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 21, 2025, 2:11 pm

Market Cap	16,657 Cr.
Current Price	405
High / Low	522/278
Stock P/E	36.7
Book Value	34.7
Dividend Yield	0.26 %
ROCE	31.0 %
ROE	31.1 %
Face Value	1.00
PEG Ratio	0.66

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for BLS International Services Ltd

Competitors of BLS International Services Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Growington Ventures India Ltd	47.8 Cr.	2.98	6.60/2.12	21.9	1.21	0.00 %	11.7 %	6.36 %	1.00
Easy Trip Planners Ltd	4,366 Cr.	12.3	23.9/10.7	29.2	1.88	0.41 %	40.1 %	29.3 %	1.00
Autoriders International Ltd	21.3 Cr.	367	367/79.6	3.92	629	0.13 %	24.0 %	33.7 %	10.0
Thomas Cook (India) Ltd	6,934 Cr.	147	264/118	28.4	45.5	0.28 %	19.1 %	13.8 %	1.00
Indian Railway Catering & Tourism Corporation Ltd (IRCTC)	62,268 Cr.	778	1,148/656	50.5	44.0	0.91 %	53.8 %	40.4 %	2.00
Industry Average	22,556.25 Cr	285.38		28.44	126.05	0.33%	29.95%	25.78%	2.67

All Competitor Stocks of BLS International Services Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	227	254	273	357	438	449	383	408	438	448	493	495	513
Expenses	202	219	241	300	372	382	303	321	349	357	360	331	355
Operating Profit	26	35	31	57	66	67	80	87	89	90	133	164	158
OPM %	11%	14%	11%	16%	15%	15%	21%	21%	20%	20%	27%	33%	31%
Other Income	3	5	4	3	-18	29	7	9	9	15	18	23	15
Interest	0	0	0	0	0	0	0	1	0	1	2	6	11
Depreciation	2	2	3	4	4	8	6	7	6	11	14	18	22
Profit before tax	27	37	32	56	45	87	80	87	91	93	135	164	140
Tax %	-3%	6%	5%	9%	-3%	12%	12%	6%	4%	9%	10%	11%	9%
Net Profit	28	35	31	51	46	77	71	82	87	85	121	146	128
EPS in Rs	0.69	0.86	0.74	1.23	1.23	1.68	1.68	1.91	2.05	1.96	2.77	3.36	2.93

Last Updated: March 3, 2025, 5:12 pm

Below is a detailed analysis of the quarterly data for BLS International Services Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 513.00 Cr.. The value appears strong and on an upward trend. It has increased from 495.00 Cr. (Sep 2024) to 513.00 Cr., marking an increase of 18.00 Cr..
For Expenses, as of Dec 2024, the value is 355.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 331.00 Cr. (Sep 2024) to 355.00 Cr., marking an increase of 24.00 Cr..
For Operating Profit, as of Dec 2024, the value is 158.00 Cr.. The value appears to be declining and may need further review. It has decreased from 164.00 Cr. (Sep 2024) to 158.00 Cr., marking a decrease of 6.00 Cr..
For OPM %, as of Dec 2024, the value is 31.00%. The value appears to be declining and may need further review. It has decreased from 33.00% (Sep 2024) to 31.00%, marking a decrease of 2.00%.
For Other Income, as of Dec 2024, the value is 15.00 Cr.. The value appears to be declining and may need further review. It has decreased from 23.00 Cr. (Sep 2024) to 15.00 Cr., marking a decrease of 8.00 Cr..
For Interest, as of Dec 2024, the value is 11.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6.00 Cr. (Sep 2024) to 11.00 Cr., marking an increase of 5.00 Cr..
For Depreciation, as of Dec 2024, the value is 22.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 18.00 Cr. (Sep 2024) to 22.00 Cr., marking an increase of 4.00 Cr..
For Profit before tax, as of Dec 2024, the value is 140.00 Cr.. The value appears to be declining and may need further review. It has decreased from 164.00 Cr. (Sep 2024) to 140.00 Cr., marking a decrease of 24.00 Cr..
For Tax %, as of Dec 2024, the value is 9.00%. The value appears to be improving (decreasing) as expected. It has decreased from 11.00% (Sep 2024) to 9.00%, marking a decrease of 2.00%.
For Net Profit, as of Dec 2024, the value is 128.00 Cr.. The value appears to be declining and may need further review. It has decreased from 146.00 Cr. (Sep 2024) to 128.00 Cr., marking a decrease of 18.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 2.93. The value appears to be declining and may need further review. It has decreased from 3.36 (Sep 2024) to 2.93, marking a decrease of 0.43.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:40 pm

Metric	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	450	505	635	789	804	786	478	850	1,516	1,677	1,948
Expenses	420	467	551	629	693	700	437	742	1,293	1,326	1,403
Operating Profit	30	38	84	160	111	86	41	108	223	351	546
OPM %	7%	7%	13%	20%	14%	11%	9%	13%	15%	21%	28%
Other Income	0	0	3	4	43	-15	19	15	19	40	71
Interest	2	1	7	13	13	4	2	2	3	8	19
Depreciation	5	6	26	40	19	12	9	7	18	31	65
Profit before tax	24	31	53	111	122	55	48	114	220	352	532
Tax %	1%	1%	6%	13%	14%	4%	-4%	2%	7%	8%
Net Profit	24	31	50	97	105	52	50	111	204	326	480
EPS in Rs	0.58	0.75	1.22	2.36	2.57	1.28	1.22	2.72	4.89	7.60	11.02
Dividend Payout %	0%	0%	7%	5%	10%	20%	10%	12%	15%	13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	29.17%	61.29%	94.00%	8.25%	-50.48%	-3.85%	122.00%	83.78%	59.80%
Change in YoY Net Profit Growth (%)	0.00%	32.12%	32.71%	-85.75%	-58.72%	46.63%	125.85%	-38.22%	-23.98%

BLS International Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2015-2016 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	16%
3 Years:	52%
TTM:	16%

Compounded Profit Growth
10 Years:	%
5 Years:	33%
3 Years:	84%
TTM:	60%

Stock Price CAGR
10 Years:	%
5 Years:	115%
3 Years:	69%
1 Year:	19%

Return on Equity
10 Years:	%
5 Years:	25%
3 Years:	28%
Last Year:	31%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:34 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	10	10	10	10	10	10	10	10	41	41	41
Reserves	73	108	155	250	362	418	450	560	762	1,166	1,387
Borrowings	7	6	95	108	38	1	1	11	7	31	379
Other Liabilities	13	13	36	101	66	40	38	52	136	378	576
Total Liabilities	103	137	297	470	475	469	498	633	945	1,616	2,383
Fixed Assets	24	24	78	49	51	41	38	112	234	296	972
CWIP	0	0	0	0	3	0	0	0	0	0	6
Investments	2	2	32	28	28	29	24	70	88	116	165
Other Assets	78	111	187	393	393	400	436	451	623	1,205	1,239
Total Assets	103	137	297	470	475	469	498	633	945	1,616	2,383

Below is a detailed analysis of the balance sheet data for BLS International Services Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹41.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 41.00 Cr..
For Reserves, as of Sep 2024, the value is ₹1,387.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,166.00 Cr. (Mar 2024) to ₹1,387.00 Cr., marking an increase of 221.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹379.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 31.00 Cr. (Mar 2024) to ₹379.00 Cr., marking an increase of 348.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹576.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 378.00 Cr. (Mar 2024) to ₹576.00 Cr., marking an increase of 198.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹2,383.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,616.00 Cr. (Mar 2024) to ₹2,383.00 Cr., marking an increase of 767.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹972.00 Cr.. The value appears strong and on an upward trend. It has increased from 296.00 Cr. (Mar 2024) to ₹972.00 Cr., marking an increase of 676.00 Cr..
For CWIP, as of Sep 2024, the value is ₹6.00 Cr.. The value appears strong and on an upward trend. It has increased from 0.00 Cr. (Mar 2024) to ₹6.00 Cr., marking an increase of 6.00 Cr..
For Investments, as of Sep 2024, the value is ₹165.00 Cr.. The value appears strong and on an upward trend. It has increased from 116.00 Cr. (Mar 2024) to ₹165.00 Cr., marking an increase of 49.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹1,239.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,205.00 Cr. (Mar 2024) to ₹1,239.00 Cr., marking an increase of 34.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹2,383.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,616.00 Cr. (Mar 2024) to ₹2,383.00 Cr., marking an increase of 767.00 Cr..

Notably, the Reserves (1,387.00 Cr.) exceed the Borrowings (379.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	13	36	48	56	133	116	45	185	261	350
Cash from Investing Activity +	-11	-7	-115	-27	-66	-107	-22	-172	-238	-260
Cash from Financing Activity +	6	-2	84	-2	-87	-54	-9	-12	7	257
Net Cash Flow	8	27	17	27	-20	-45	13	2	30	347

Free Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	23.00	32.00	-11.00	52.00	73.00	85.00	40.00	97.00	216.00	320.00

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

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	5	2	34	98	80	52	76	10	8	9
Inventory Days
Days Payable
Cash Conversion Cycle	5	2	34	98	80	52	76	10	8	9
Working Capital Days	28	36	41	71	64	51	77	9	-1	-2
ROCE %		30%	31%	39%	26%	21%	11%	22%	32%	31%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	74.59%	74.59%	74.41%	74.41%	74.41%	71.68%	71.52%	71.52%	71.52%	71.52%	70.38%	70.38%
FIIs	1.36%	4.32%	6.67%	8.20%	7.57%	8.46%	7.66%	7.56%	7.67%	7.40%	8.96%	10.93%
DIIs	0.00%	0.00%	0.05%	0.05%	0.05%	0.05%	0.07%	0.89%	1.05%	1.35%	1.71%	1.36%
Public	24.01%	21.06%	18.64%	17.30%	17.92%	19.78%	20.49%	19.93%	19.65%	19.68%	18.87%	17.27%
Others	0.04%	0.03%	0.24%	0.06%	0.05%	0.04%	0.26%	0.11%	0.10%	0.07%	0.07%	0.06%
No. of Shareholders	41,702	57,531	62,499	85,081	87,068	88,435	96,119	1,11,240	1,44,947	1,51,709	1,73,612	1,70,165

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India Nifty Smallcap 250 Index Fund	65,877	0.24	1.65	65,877	2025-04-20 02:47:58	0%
Motilal Oswal Nifty Smallcap 250 Index Fund	41,409	0.24	1.04	41,409	2025-04-20 19:28:47	0%
SBI Nifty Smallcap 250 Index Fund	30,091	0.24	0.75	30,091	2025-04-20 02:47:58	0%
ICICI Prudential Nifty Smallcap 250 Index Fund	16,331	0.24	0.41	16,331	2025-04-20 02:47:58	0%
HDFC NIFTY Smallcap 250 ETF	7,459	0.24	0.19	7,459	2025-04-20 02:47:58	0%
HDFC Nifty Smallcap 250 Index Fund	5,785	0.24	0.14	5,785	2025-04-20 02:47:58	0%
Motilal Oswal Nifty 500 Index Fund	4,634	0.02	0.12	4,634	2025-04-20 02:47:58	0%
Edelweiss Nifty Smallcap 250 Index Fund	1,280	0.23	0.03	1,280	2025-04-20 02:47:58	0%
Motilal Oswal Nifty 500 ETF	209	0.02	0.01	209	2025-04-20 02:47:58	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	7.60	4.89	10.86	4.90	5.11
Diluted EPS (Rs.)	7.60	4.89	10.86	4.90	5.11
Cash EPS (Rs.)	8.66	5.42	11.56	5.84	6.30
Book Value[Excl.RevalReserv]/Share (Rs.)	35.01	20.38	55.62	44.89	41.81
Book Value[Incl.RevalReserv]/Share (Rs.)	35.01	20.38	55.62	44.89	41.81
Revenue From Operations / Share (Rs.)	40.72	36.91	82.96	46.69	76.73
PBDIT / Share (Rs.)	9.37	5.90	11.90	5.70	9.41
PBIT / Share (Rs.)	8.61	5.45	11.19	4.77	8.22
PBT / Share (Rs.)	8.55	5.37	11.12	4.72	5.35
Net Profit / Share (Rs.)	7.91	4.97	10.85	4.91	5.11
NP After MI And SOA / Share (Rs.)	7.60	4.89	10.86	4.90	5.12
PBDIT Margin (%)	22.99	15.97	14.34	12.20	12.26
PBIT Margin (%)	21.15	14.75	13.48	10.22	10.71
PBT Margin (%)	20.99	14.54	13.40	10.11	6.97
Net Profit Margin (%)	19.41	13.47	13.08	10.52	6.66
NP After MI And SOA Margin (%)	18.66	13.24	13.09	10.48	6.66
Return on Networth / Equity (%)	25.91	25.00	19.52	10.90	12.23
Return on Capital Employeed (%)	24.09	26.47	19.79	10.55	19.53
Return On Assets (%)	19.36	21.23	17.56	10.06	11.17
Total Debt / Equity (X)	0.00	0.00	0.01	0.00	0.00
Asset Turnover Ratio (%)	1.31	0.23	0.13	0.07	0.19
Current Ratio (X)	7.70	5.68	7.38	11.84	10.18
Quick Ratio (X)	7.69	5.68	7.38	11.84	10.18
Dividend Payout Ratio (NP) (%)	9.85	12.77	11.50	15.29	0.00
Dividend Payout Ratio (CP) (%)	8.96	11.69	10.79	12.87	0.00
Earning Retention Ratio (%)	90.15	87.23	88.50	84.71	0.00
Cash Earning Retention Ratio (%)	91.04	88.31	89.21	87.13	0.00
Interest Coverage Ratio (X)	148.84	362.49	183.05	107.52	60.15
Interest Coverage Ratio (Post Tax) (X)	126.68	310.54	168.02	93.73	51.04
Enterprise Value (Cr.)	12206.69	6359.48	2070.11	668.35	59.78
EV / Net Operating Revenue (X)	7.28	4.19	2.44	1.40	0.07
EV / EBITDA (X)	31.66	26.25	16.99	11.45	0.62
MarketCap / Net Operating Revenue (X)	7.71	4.49	2.81	1.98	0.38
Retention Ratios (%)	90.14	87.22	88.49	84.70	0.00
Price / BV (X)	10.71	8.47	4.20	2.06	0.69
Price / Net Operating Revenue (X)	7.71	4.49	2.81	1.98	0.38
EarningsYield	0.02	0.02	0.04	0.05	0.17

After reviewing the key financial ratios for BLS International Services Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 7.60. This value is within the healthy range. It has increased from 4.89 (Mar 23) to 7.60, marking an increase of 2.71.
For Diluted EPS (Rs.), as of Mar 24, the value is 7.60. This value is within the healthy range. It has increased from 4.89 (Mar 23) to 7.60, marking an increase of 2.71.
For Cash EPS (Rs.), as of Mar 24, the value is 8.66. This value is within the healthy range. It has increased from 5.42 (Mar 23) to 8.66, marking an increase of 3.24.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 35.01. It has increased from 20.38 (Mar 23) to 35.01, marking an increase of 14.63.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 35.01. It has increased from 20.38 (Mar 23) to 35.01, marking an increase of 14.63.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 40.72. It has increased from 36.91 (Mar 23) to 40.72, marking an increase of 3.81.
For PBDIT / Share (Rs.), as of Mar 24, the value is 9.37. This value is within the healthy range. It has increased from 5.90 (Mar 23) to 9.37, marking an increase of 3.47.
For PBIT / Share (Rs.), as of Mar 24, the value is 8.61. This value is within the healthy range. It has increased from 5.45 (Mar 23) to 8.61, marking an increase of 3.16.
For PBT / Share (Rs.), as of Mar 24, the value is 8.55. This value is within the healthy range. It has increased from 5.37 (Mar 23) to 8.55, marking an increase of 3.18.
For Net Profit / Share (Rs.), as of Mar 24, the value is 7.91. This value is within the healthy range. It has increased from 4.97 (Mar 23) to 7.91, marking an increase of 2.94.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 7.60. This value is within the healthy range. It has increased from 4.89 (Mar 23) to 7.60, marking an increase of 2.71.
For PBDIT Margin (%), as of Mar 24, the value is 22.99. This value is within the healthy range. It has increased from 15.97 (Mar 23) to 22.99, marking an increase of 7.02.
For PBIT Margin (%), as of Mar 24, the value is 21.15. This value exceeds the healthy maximum of 20. It has increased from 14.75 (Mar 23) to 21.15, marking an increase of 6.40.
For PBT Margin (%), as of Mar 24, the value is 20.99. This value is within the healthy range. It has increased from 14.54 (Mar 23) to 20.99, marking an increase of 6.45.
For Net Profit Margin (%), as of Mar 24, the value is 19.41. This value exceeds the healthy maximum of 10. It has increased from 13.47 (Mar 23) to 19.41, marking an increase of 5.94.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 18.66. This value is within the healthy range. It has increased from 13.24 (Mar 23) to 18.66, marking an increase of 5.42.
For Return on Networth / Equity (%), as of Mar 24, the value is 25.91. This value is within the healthy range. It has increased from 25.00 (Mar 23) to 25.91, marking an increase of 0.91.
For Return on Capital Employeed (%), as of Mar 24, the value is 24.09. This value is within the healthy range. It has decreased from 26.47 (Mar 23) to 24.09, marking a decrease of 2.38.
For Return On Assets (%), as of Mar 24, the value is 19.36. This value is within the healthy range. It has decreased from 21.23 (Mar 23) to 19.36, marking a decrease of 1.87.
For Total Debt / Equity (X), as of Mar 24, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.31. It has increased from 0.23 (Mar 23) to 1.31, marking an increase of 1.08.
For Current Ratio (X), as of Mar 24, the value is 7.70. This value exceeds the healthy maximum of 3. It has increased from 5.68 (Mar 23) to 7.70, marking an increase of 2.02.
For Quick Ratio (X), as of Mar 24, the value is 7.69. This value exceeds the healthy maximum of 2. It has increased from 5.68 (Mar 23) to 7.69, marking an increase of 2.01.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 9.85. This value is below the healthy minimum of 20. It has decreased from 12.77 (Mar 23) to 9.85, marking a decrease of 2.92.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 8.96. This value is below the healthy minimum of 20. It has decreased from 11.69 (Mar 23) to 8.96, marking a decrease of 2.73.
For Earning Retention Ratio (%), as of Mar 24, the value is 90.15. This value exceeds the healthy maximum of 70. It has increased from 87.23 (Mar 23) to 90.15, marking an increase of 2.92.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 91.04. This value exceeds the healthy maximum of 70. It has increased from 88.31 (Mar 23) to 91.04, marking an increase of 2.73.
For Interest Coverage Ratio (X), as of Mar 24, the value is 148.84. This value is within the healthy range. It has decreased from 362.49 (Mar 23) to 148.84, marking a decrease of 213.65.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 126.68. This value is within the healthy range. It has decreased from 310.54 (Mar 23) to 126.68, marking a decrease of 183.86.
For Enterprise Value (Cr.), as of Mar 24, the value is 12,206.69. It has increased from 6,359.48 (Mar 23) to 12,206.69, marking an increase of 5,847.21.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 7.28. This value exceeds the healthy maximum of 3. It has increased from 4.19 (Mar 23) to 7.28, marking an increase of 3.09.
For EV / EBITDA (X), as of Mar 24, the value is 31.66. This value exceeds the healthy maximum of 15. It has increased from 26.25 (Mar 23) to 31.66, marking an increase of 5.41.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 7.71. This value exceeds the healthy maximum of 3. It has increased from 4.49 (Mar 23) to 7.71, marking an increase of 3.22.
For Retention Ratios (%), as of Mar 24, the value is 90.14. This value exceeds the healthy maximum of 70. It has increased from 87.22 (Mar 23) to 90.14, marking an increase of 2.92.
For Price / BV (X), as of Mar 24, the value is 10.71. This value exceeds the healthy maximum of 3. It has increased from 8.47 (Mar 23) to 10.71, marking an increase of 2.24.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 7.71. This value exceeds the healthy maximum of 3. It has increased from 4.49 (Mar 23) to 7.71, marking an increase of 3.22.
For EarningsYield, as of Mar 24, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of BLS International Services Ltd as of April 22, 2025 is: 317.67

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 22, 2025, BLS International Services Ltd is Overvalued by 21.56% compared to the current share price 405.00

Intrinsic Value of BLS International Services Ltd as of April 22, 2025 is: 493.33

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 22, 2025, BLS International Services Ltd is Undervalued by 21.81% compared to the current share price 405.00

Last 5 Year EPS CAGR: 55.30%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 24.30%, which is a positive sign. The company has higher reserves (517.36 cr) compared to borrowings (62.18 cr), indicating strong financial stability. The company has shown consistent growth in sales (481.82 cr) and profit (151.09 cr) over the years.	The stock has a high average Working Capital Days of 37.40, which may not be favorable. The stock has a high average Cash Conversion Cycle of 37.40, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in BLS International Services Ltd:
1. Net Profit Margin: 19.41%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 24.09% (Industry Average ROCE: 29.95%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 25.91% (Industry Average ROE: 25.78%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 126.68
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 7.69
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 36.7 (Industry average Stock P/E: 28.44)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

BLS International Services Ltd. is a Public Limited Listed company incorporated on 07/11/1983 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L51909DL1983PLC016907 and registration number is 016907. Currently company belongs to the Industry of Travel/Tourism/Amusement Park. Company's Total Operating Revenue is Rs. 118.64 Cr. and Equity Capital is Rs. 41.17 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Travel/Tourism/Amusement Park	G-4B-1, Extension, New Delhi Delhi 110001	compliance@blsinternational.net http://www.blsinternational.com

Management
Name	Position Held
Mr. Diwakar Aggarwal	Chairman, Non Ind & Non Exe Director
Mr. Nikhil Gupta	Managing Director
Mr. Shikhar Aggarwal	Joint Managing Director
Mr. Karan Aggarwal	Executive Director
Ms. Shivani Mishra	Independent Director
Mr. Sarthak Behuria	Independent Director
Mr. Ramsharan Prasad Sinha	Independent Director
Mr. Atul Seksaria	Independent Director

FAQ

What is the intrinsic value of BLS International Services Ltd?

BLS International Services Ltd's intrinsic value (as of 22 April 2025) is ₹317.67 — 21.56% lower the current market price of 405.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 16,657 Cr. market cap, FY2025-2026 high/low of ₹522/278, reserves of 1,387 Cr, and liabilities of 2,383 Cr.

What is the Market Cap of BLS International Services Ltd?

The Market Cap of BLS International Services Ltd is 16,657 Cr..

What is the current Stock Price of BLS International Services Ltd as on 22 April 2025?

The current stock price of BLS International Services Ltd as on 22 April 2025 is 405.

What is the High / Low of BLS International Services Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of BLS International Services Ltd stocks is ₹522/278.

What is the Stock P/E of BLS International Services Ltd?

The Stock P/E of BLS International Services Ltd is 36.7.

What is the Book Value of BLS International Services Ltd?

The Book Value of BLS International Services Ltd is 34.7.

What is the Dividend Yield of BLS International Services Ltd?

The Dividend Yield of BLS International Services Ltd is 0.26 %.

What is the ROCE of BLS International Services Ltd?

The ROCE of BLS International Services Ltd is 31.0 %.

What is the ROE of BLS International Services Ltd?

The ROE of BLS International Services Ltd is 31.1 %.

What is the Face Value of BLS International Services Ltd?

The Face Value of BLS International Services Ltd is 1.00.