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Last Updated on: 06 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

BLS International Services Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 5, 2024, 10:30 pm

Market Cap 14,596 Cr.
Current Price 354
High / Low474/230
Stock P/E40.7
Book Value 29.3
Dividend Yield0.28 %
ROCE31.0 %
ROE31.1 %
Face Value 1.00
PEG Ratio1.06

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

View Share Price Target for BLS International Services Ltd

Competitors of BLS International Services Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Growington Ventures India Ltd 72.2 Cr. 4.5023.6/4.4638.8 1.160.00 %11.7 %6.37 % 1.00
Easy Trip Planners Ltd 5,896 Cr. 33.354.0/32.532.3 3.410.30 %40.1 %29.3 % 1.00
Autoriders International Ltd 7.00 Cr. 143143/30.10.89 6610.35 %24.0 %33.7 % 10.0
Thomas Cook (India) Ltd 9,186 Cr. 195264/11335.4 43.70.21 %19.1 %13.8 % 1.00
Indian Railway Catering & Tourism Corporation Ltd (IRCTC) 69,820 Cr. 8731,148/63658.7 40.40.74 %53.8 %40.4 % 2.00
Industry Average24,874.50 Cr267.1334.47129.830.31%29.95%25.78%2.67

All Competitor Stocks of BLS International Services Ltd

Quarterly Result

Month

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4505056357898047864788501,5161,678
Expenses4204675516296937004377421,2931,378
Operating Profit3038841601118641108223300
OPM %7%7%13%20%14%11%9%13%15%18%
Other Income003443-1519151927
Interest217131342232
Depreciation5626401912971826
Profit before tax2431531111225548114220299
Tax %1%1%6%13%14%4%-4%2%7%
Net Profit243150971055250111204276
EPS in Rs0.580.751.222.362.571.281.222.724.896.50
Dividend Payout %0%0%7%5%10%20%10%12%15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)29.17%61.29%94.00%8.25%-50.48%-3.85%122.00%83.78%
Change in YoY Net Profit Growth (%)0.00%32.12%32.71%-85.75%-58.72%46.63%125.85%-38.22%

BLS International Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2015-2016 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:%
5 Years:16%
3 Years:52%
TTM:10%
Compounded Profit Growth
10 Years:%
5 Years:33%
3 Years:84%
TTM:50%
Stock Price CAGR
10 Years:%
5 Years:78%
3 Years:77%
1 Year:46%
Return on Equity
10 Years:%
5 Years:25%
3 Years:28%
Last Year:31%

Last Updated: Unknown

Balance Sheet

Last Updated: September 15, 2024, 3:57 pm

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital10101010101010104141
Reserves731081552503624184505607621,166
Borrowings7695108381111731
Other Liabilities13133610166403852136378
Total Liabilities1031372974704754694986339451,616
Fixed Assets24247849514138112234296
CWIP-0-0-0-03-0-0-0-0-0
Investments2232282829247088116
Other Assets781111873933934004364516231,205
Total Assets1031372974704754694986339451,616

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 1336485613311645185261350
Cash from Investing Activity -11-7-115-27-66-107-22-172-238-260
Cash from Financing Activity 6-284-2-87-54-9-127257
Net Cash Flow8271727-20-4513230347

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow23.0032.00-11.0052.0073.0085.0040.0097.00216.00

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 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days5234988052761089
Inventory Days
Days Payable
Cash Conversion Cycle5234988052761089
Working Capital Days283641716451779-1-2
ROCE %30%31%39%26%21%11%22%32%31%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.59%74.59%74.59%74.59%74.41%74.41%74.41%71.68%71.52%71.52%71.52%71.52%
FIIs0.72%1.47%1.36%4.32%6.67%8.20%7.57%8.46%7.66%7.56%7.67%7.40%
DIIs0.00%0.00%0.00%0.00%0.05%0.05%0.05%0.05%0.07%0.89%1.05%1.35%
Public24.53%23.86%24.01%21.06%18.64%17.30%17.92%19.78%20.49%19.93%19.65%19.68%
Others0.16%0.08%0.04%0.03%0.24%0.06%0.05%0.04%0.26%0.11%0.10%0.07%
No. of Shareholders42,49043,46841,70257,53162,49985,08187,06888,43596,1191,11,2401,44,9471,51,709

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Nifty Smallcap 250 Index Fund65,8770.241.6516,3312024-10-04303.39%
Motilal Oswal Nifty Smallcap 250 Index Fund41,4090.241.0416,3312024-10-04153.56%
SBI Nifty Smallcap 250 Index Fund30,0910.240.7516,3312024-10-0484.26%
ICICI Prudential Nifty Smallcap 250 Index Fund16,3310.240.4116,3312024-10-040%
HDFC NIFTY Smallcap 250 ETF7,4590.240.1916,3312024-10-04-54.33%
HDFC Nifty Smallcap 250 Index Fund5,7850.240.1416,3312024-10-04-64.58%
Motilal Oswal Nifty 500 Index Fund4,6340.020.1216,3312024-10-04-71.62%
Edelweiss Nifty Smallcap 250 Index Fund1,2800.230.0316,3312024-10-04-92.16%
Motilal Oswal Nifty 500 ETF2090.020.0116,3312024-10-04-98.72%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)7.604.8910.864.905.11
Diluted EPS (Rs.)7.604.8910.864.905.11
Cash EPS (Rs.)8.665.4211.565.846.30
Book Value[Excl.RevalReserv]/Share (Rs.)35.0120.3855.6244.8941.81
Book Value[Incl.RevalReserv]/Share (Rs.)35.0120.3855.6244.8941.81
Revenue From Operations / Share (Rs.)40.7236.9182.9646.6976.73
PBDIT / Share (Rs.)9.375.9011.905.709.41
PBIT / Share (Rs.)8.615.4511.194.778.22
PBT / Share (Rs.)8.555.3711.124.725.35
Net Profit / Share (Rs.)7.914.9710.854.915.11
NP After MI And SOA / Share (Rs.)7.604.8910.864.905.12
PBDIT Margin (%)22.9915.9714.3412.2012.26
PBIT Margin (%)21.1514.7513.4810.2210.71
PBT Margin (%)20.9914.5413.4010.116.97
Net Profit Margin (%)19.4113.4713.0810.526.66
NP After MI And SOA Margin (%)18.6613.2413.0910.486.66
Return on Networth / Equity (%)25.9125.0019.5210.9012.23
Return on Capital Employeed (%)24.0926.4719.7910.5519.53
Return On Assets (%)19.3621.2317.5610.0611.17
Total Debt / Equity (X)0.000.000.010.000.00
Asset Turnover Ratio (%)1.310.230.130.070.19
Current Ratio (X)7.705.687.3811.8410.18
Quick Ratio (X)7.695.687.3811.8410.18
Dividend Payout Ratio (NP) (%)0.0012.7711.5015.290.00
Dividend Payout Ratio (CP) (%)0.0011.6910.7912.870.00
Earning Retention Ratio (%)0.0087.2388.5084.710.00
Cash Earning Retention Ratio (%)0.0088.3189.2187.130.00
Interest Coverage Ratio (X)148.84362.49183.05107.5260.15
Interest Coverage Ratio (Post Tax) (X)126.68310.54168.0293.7351.04
Enterprise Value (Cr.)12206.696359.482070.11668.3559.78
EV / Net Operating Revenue (X)7.284.192.441.400.07
EV / EBITDA (X)31.6626.2516.9911.450.62
MarketCap / Net Operating Revenue (X)7.714.492.811.980.38
Retention Ratios (%)0.0087.2288.4984.700.00
Price / BV (X)10.718.474.202.060.69
Price / Net Operating Revenue (X)7.714.492.811.980.38
EarningsYield0.020.020.040.050.17

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of BLS International Services Ltd as of October 6, 2024 is: ₹371.91

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 October 6, 2024, BLS International Services Ltd is Undervalued by 5.06% compared to the current share price ₹354.00

Intrinsic Value of BLS International Services Ltd as of October 6, 2024 is: ₹514.73

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 October 6, 2024, BLS International Services Ltd is Undervalued by 45.40% compared to the current share price ₹354.00

Last 5 Year EPS CAGR: 38.40%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 24.30%, which is a positive sign.
  2. The company has higher reserves (430.40 cr) compared to borrowings (30.50 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (529.90 cr) and profit (107.70 cr) over the years.
  1. The stock has a high average Working Capital Days of 37.40, which may not be favorable.
  2. 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: 40.7 (Industry average Stock P/E: 34.47)
      • 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 Services - Others. Company’s Total Operating Revenue is Rs. 40.27 Cr. and Equity Capital is Rs. 10.25 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Travel/Tourism/Amusement ParkG-4B-1, Extension, New Delhi Delhi 110001compliance@blsinternational.net
http://www.blsinternational.com
Management
NamePosition Held
Mr. Diwakar AggarwalChairman, Non Ind & Non Exe Director
Mr. Nikhil GuptaManaging Director
Mr. Shikhar AggarwalJoint Managing Director
Mr. Karan AggarwalExecutive Director
Ms. Shivani MishraIndependent Director
Mr. Sarthak BehuriaIndependent Director
Mr. Ramsharan Prasad SinhaIndependent Director
Mr. Atul SeksariaIndependent Director

FAQ

What is the latest fair value of BLS International Services Ltd?

The latest fair value of BLS International Services Ltd is ₹371.91.

What is the Market Cap of BLS International Services Ltd?

The Market Cap of BLS International Services Ltd is 14,596 Cr..

What is the current Stock Price of BLS International Services Ltd as on 06 October 2024?

The current stock price of BLS International Services Ltd as on 06 October 2024 is ₹354.

What is the High / Low of BLS International Services Ltd stocks in FY 2024?

In FY 2024, the High / Low of BLS International Services Ltd stocks is 474/230.

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

The Stock P/E of BLS International Services Ltd is 40.7.

What is the Book Value of BLS International Services Ltd?

The Book Value of BLS International Services Ltd is 29.3.

What is the Dividend Yield of BLS International Services Ltd?

The Dividend Yield of BLS International Services Ltd is 0.28 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 International 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