BLS International Services Ltd.

NSE: BLS · Tour, Travel Related Services

52W Range₹219 ₹415

Snapshot

Unlock BLS International Services Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

BLS International Services Limited is a global provider of visa, passport, and consular outsourcing services for diplomatic missions and governments. The company facilitates citizen services, biometric identity management, and document verification across multiple continents.

Business Model

The company generates revenue through service fees charged for processing visa applications, biometric enrolment, and administrative support for government and consular departments. It operates as a critical intermediary between diplomatic missions and citizens, leveraging a global network of service centres.

Growth Outlook

Growth is driven by the increasing demand for international travel and the outsourcing of consular tasks by governments seeking to improve administrative efficiency. Expansion into new geographic markets and the diversification of digital identity services remain key strategic priorities.

Key Risks

  • Geopolitical Instability. Changes in diplomatic relations or travel policies between countries can significantly impact visa processing volumes.
  • Contractual Dependency. The company's revenue is heavily reliant on long-term government contracts, the loss or non-renewal of which could materially affect financial performance.
  • Regulatory and Compliance Risk. Operating across diverse jurisdictions requires strict adherence to varying data privacy and security regulations regarding sensitive citizen information.
  • Global Travel Trends. Macroeconomic factors and health crises that reduce international mobility directly correlate with a decline in visa application demand.

Price

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Key Metrics

REVENUE

₹2,998 Cr

TTM · consolidated

+36.7%YoY

NET PROFIT

₹724 Cr

TTM · consolidated

+34.1%YoY

EPS

₹16.68

TTM · consolidated

+35.2%YoY

RETURN ON EQUITY

37.8%

TTM · consolidated

-2.5 ppYoY

RETURN ON CAPITAL EMPLOYED

32.5%

TTM · consolidated

-5.1 ppYoY

P/E

14.3x

Q4 FY26 · consolidated

14.3 vs 179.2x5Y avg

EV/EBITDA

10.4x

Q4 FY26 · consolidated

10.4 vs 414.1x5Y avg

EBITDA MARGIN

30.5%

TTM · consolidated

-1.9 ppYoY

NET PROFIT MARGIN

22.9%

Q4 FY26 · consolidated

+1.9 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · consolidated

-0.03xYoY

Peers · Tour, Travel Related Services

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
BLS International Services Ltd.BLS
10,42514.2710.4336.7%30.5%37.8%32.5%-38.6%
TBO Tek Ltd.TBOTEK
11,51063.5635.9854.1%15.7%19.0%21.1%+3.1%
Le TravenuesIXIGO
7,484106.3660.03-100.0%39.8%14.2%21.2%+11.1%
Thomas Cook (India) LimitedTHOMASCOOK
4,49622.167.103.2%7.0%9.5%12.8%-37.2%
Easy Trip Plann.EASEMYTRIP
2,41423.5281.8410.6%4.6%-6.4%-4.6%-35.7%
Yatra OnlineYATRA
1,59236.5916.1127.2%10.5%5.9%7.3%+26.7%

As of Q4 FY26

Financials