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BLS International Services Ltd share Price Today

Company details

361.90
370.00
191.50
429.95
6M Return 17.79%
1Y Return 86.52%
Mkt Cap.(Cr) 14,979.14
Volume 842,523
Div Yield 0.27%
OI
-
OI Chg %
-
Volume 842,523

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Travel Support Services company BLS International Services announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue from Operations at Rs 447.7 crore, remained almost flat, as compared to Rs 448.6 crore in Q4FY23. The moderation in revenue growth was due to lower volumes in some key regions, attributed to the Ramadan festival from March 10, 2024 to April 9, 2024.
  • EBITDA grew to Rs 90.3 crore from Rs 66.5 crore in Q4FY23, a growth of 35.7%; despite an increase in Employee Costs and Other Expenses occurring due to structural changes in the business model
  • EBITDA Margin saw an expansion of 534 bps to 20.2% in Q4FY24
  • PBT before exceptional items at Rs 93.5 crore, as against Rs 65.2 crore inQ4FY23, up by 43.4%

FY24 Financial Highlights:

  • Revenue from Operations at Rs 1,676.8 crore, up by 10.6%, as compared to Rs 1,516.2 crore in FY23
  • EBITDA grew strongly by 56.4% to Rs 345.7 crore as against Rs 221.1 crore in FY23
  • EBITDA margin at 20.6% in FY24 as against 14.6% in FY23, expanded significantly by 603 bps
  • PBT before exceptional items in FY24 recorded a robust growth of 57.8%, at Rs 352.1 crore, as compared to Rs 223.1 crore

Speaking about the performance and recent updates, Shikhar Aggarwal, Joint Managing Director, BLS International Services said: “I am delighted to share that we have continuedour robust growth trajectory and achieved a revenue growth of 10.6% in FY24, withtheEBITDA and PAT surging by 56.4% and 59.4% respectively. Our EBITDA margin expanded significantly by 603 basis points (bps) to 20.6%, a testament to our strategic initiatives, including the renewal of contracts, the addition of new agreements, a favorable business mix, and structural modifications to our business model from partner model to now managing our own operations.

The fiscal year 2023-24 heralded a series of accomplishments and milestones. We successfullyrenewed our pivotal global contract from Spain, renewed our contract of India Operations in Canada, secured another vital global contract from Slovakia, and won a comprehensive Visa outsourcing agreement covering Germany, Italy, Poland, Thailand, Hungary, the Czech Republic, and Portugal. Additionally, we celebrated the successful IPO of our subsidiary, BLSE- Services Limited., raising over Rs 300 Crore to fuel its continued growth and expansion.

The year also saw us signing a definitive share purchase agreement to acquire a 100% stake in iDATA, a Turkey-based Visa & Consular service provider and manages over 37 Visa Application Centres (VAC) across 15 countries. We believe this move will significantly enhanceourbusiness and extend our reach across additional geographies. The acquisition is expected to be completed by 30th June 2024, subject to necessary approvals.

Looking ahead, we are poised for continued profitability, driven by the new contracts securedlast year and anticipated increases in application volumes from key regions. Our profitability will further be bolstered by our ongoing efforts to transform our business model, reducing dependency on partners, and taking greater control of our operations. As we usher in the new financial year, our focus remains steadfast on expanding our market share through organic growth initiatives and strategic acquisitions, steadfast in our commitment to generating sustainable value for all stakeholders.”

Result PDF

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BLS International Services Ltd shares SWOT Analysis

Strengths (12)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (0)

Data not found

Opportunity (1)

  • RSI indicating price strength

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 373.3
R2 378.6
R3 386.3
Pivot

365.63

S1 360.3
S2 352.6
S3 347.3
EMA SMA
332.5
330.9
330.1
309.6
325.4
329.3
345.9
316.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
COLUMBIA PETRO CHEM PRIVATE LIMITED Bulk Purchase 2024-02-27 373.1 2100000 NSE
SW CAPITAL PRIVATE LIMITED Bulk Purchase 2023-12-12 316.41 3687728 NSE
JAINAM BROKING LIMITED Bulk Purchase 2023-12-12 316.42 2545977 NSE
Name Category Shares
Diwakar Aggarwal PROMOTER 5.76%
Gaurav Aggarwal PROMOTER 4.86%
Madhukar Aggarwal PROMOTER 4.86%
Vinod Aggarwal PROMOTER 4.86%
Sushil Aggarwal PROMOTER 2.43%
Shikhar Aggarwal PROMOTER 2.17%
Alka Aggarwal PROMOTER 1.94%
Azadpur Finvest Private Limited PROMOTER 4.92%
BLS Finvest Limited PROMOTER 4.86%
Goodwork Finvest Private Limited PROMOTER 4.86%
GRB Finvest Private Limited PROMOTER 4.86%
Hawai Capital Private Limited PROMOTER 4.86%
Hillman Properties Private Limited PROMOTER 4.86%
Intime Finance And Investment Private Limited PROMOTER 4.86%
V S Estate Pvt Ltd PROMOTER 4.86%
Wonder Rock Finance And Investment Private Limited PROMOTER 4.86%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

BLS International Services Ltd Stocks COMPARISON

Financials( in Cr) BLS International Services Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 363.80 3,793.45 1,509.30 1,445.00 493.35
% Change -1.11 -0.22 -0.14 -0.06 -0.48
Mcap Cr 14,979.14 1,372,503.59 626,490.36 392,124.59 257,782.18
Revenue TTM Cr 1,516.19 240,893.00 153,670.00 101,456.00 90,487.60
Net Profit TTM Cr 204.27 46,099.00 26,248.00 14,845.00 11,366.50
PE TTM 48.39 29.51 24.11 24.97 23.47
1 Year Return 86.52 18.16 16.64 27.03 29.78
ROCE 31.94 62.85 44.74 27.62 17.11
ROE 29.76 51.04 37.12 23.32 15.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 802.85 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,341.08 2,221.69
LAST 3M 102,344.89 -28,029.53
LAST 6M 175,303.31 -12,219.28
LAST 12M 288,302.63 96,022.29
BLS International Services Limited - Press Release

Jun 18, 2024 l NSE Announcement

BLS International Services Limited - Acquisition

Jun 14, 2024 l NSE Announcement

Date Action Type Ratio
Feb 23, 2024 Dividend 50
Sep 14, 2023 Dividend 25
Feb 17, 2023 Dividend 50

BLS International Services Ltd Information

Stock PE (TTM)
48.39
Promoter Holding
71.52%
Book Value
29.33
ROCE
31.94%
ROE
29.76%
Description
  • BLS International Services Limited, incorporated in November, 1983 is a specialist provider for Outsourcing of Visa, Passport and Attestation Services to the Client Governments across the world. BLS serves the Diplomatic Missions by managing all administrative and non-judgmental tasks related to entire life cycle of a visa application process, enabling missions to focus entirely on key aspects of assessment in visa application and conduct interviews, where required; BLS assists in scheduling interviews. BLS is also an authorized Service Provider for attestation of documents by the Ministry of External Affairs, India. It serves the Embassy of the State of Kuwait and High Commission of Malaysia and several others in the field of Visa/Attestation of Documents/Apostille in India. It supports the consular framework with streamlined processes and work flows. Towards this end, it has necessary skilled human resources and technical capabilities (including complete biometric solutions) and financial capabilities to deliver efficient and optimal outsourcing solutions. Moreover, to ensure highly efficient project management, it assigns dedicated team of skilled and experienced persons with relevant project management experience for each project. In 2010, the Company started operations for Indian Embassy in Spain, Kuwait, Sudan and Russia. In 2011, it started VACs for Indian Embassy in UAE along with other Indian Mission`s VACs in South Asian countries. In 2012, commenced operations for Indian Embassy in Saudi Arabia and Singapore. In 2013-14, the Company began foreign missions abroad (4 missions for an EU country), added 7 Indian missions abroad including US and Canada. In 2016-17, the Company, apart from consular business, gained expertise in Citizen Services with Punjab e-governance project providing a first mover advantage in this domain. This led to first international Citizen Services contract win from the Embassy of Afghanistan. It started providing Visa Consultancy Services to various consulates in 2017. It started attestation and apostille on behalf of Ministry of External Affairs, New Delhi (India). The Company started Consular Services (ROSC) in Abuja (Nigeria) and Beirut (Lebanon) Citizen Services Contract from the Embassy of Afghanistan. It added a new contract for UAE Consular Section Services for Dakar, in Senegal in 2017. In August 2018, Company acquired a majority stake in the business correspondent vertical of Starfin India Private Limited through its subsidiary, BLS E-Services Private Limited. It also 51 % of the Share capital in Reired BLS International Private Limited dated 30.11.2018. The Company entered into a contract with Ministry of Foreign Affairs, Italy, and commenced operations for the processing of Italian visa applications in Singapore on 2nd July 2018. It began operations for French Embassy in Jordan. The Company started the Vietnam Visa application centre in Turkey, Brazil Visa application centre in Lebanon, and Morocco Visa application centre in India in 2019-20. It started accepting visa applications from October 2019 to provide efficient visa application services to people traveling to Brazil from Lebanon for business, work or leisure. It entered into an exclusive partnership with the Embassy of Libya to provide visa services Center from November, 2019. It started new Spain Visa Application Centres in Belarus and Miami. It relocated Spain Visa Application Centres to larger sites in Ankara & Tashkent to service more applicants and provide more enhanced services. In June 2022, Company acquired Zero Mass Private Ltd, India`s largest business correspondent. The all-cash acquisition - funded through accruals - graduated BLS into India`s largest business correspondent network. The acquisition was in line with BLS` strategy to strengthen its position in the business correspondent segment. The Company was authorized by the Royal Thai embassy to provide visa services in Kenya in 2023.

Registered Address

G-4B-1 Extension Mathur Road, Mohan Co-Op Indl Estate, New Delhi, New Delhi, 110044

Tel : 91-11-26972484
Email : compliance:blsinternational.net, prabhat.srivastav
Website : http://www.blsinternational.com
Registrar

Beetal Fin.&Computer Ser.P Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 540073
NSE Code : BLS
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE153T01027

FAQ’s on BLS International Services Ltd Shares

You can buy BLS International Services Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy BLS International Services Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 20, 2024 01:09 PM the closing price of BLS International Services Ltd was Rs.363.80.

The latest PE ratio of BLS International Services Ltd as of Jun 20, 2024 01:09 PM is 48.39

The latest PB ratio of BLS International Services Ltd as of Jun 20, 2024 01:09 PM is 0.08

The 52-week high of BLS International Services Ltd share price is Rs. 429.95 while the 52-week low is Rs. 191.50

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 20, 2024 01:09 PM, the market cap of BLS International Services Ltd stood at Rs. 14,979.14.

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