Executive Summary
BLS International Services Limited provides outsourcing and administrative services for governments and their diplomatic missions worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet unattractive dividend payer.
Share Price & News
How has BLS International Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BLS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.07%
BLS
-0.4%
IN IT
-0.07%
IN Market
1 Year Return
-34.1%
BLS
7.9%
IN IT
9.5%
IN Market
Return vs Industry: BLS underperformed the Indian IT industry which returned 7.9% over the past year.
Return vs Market: BLS underperformed the Indian Market which returned 9.5% over the past year.
Shareholder returns
| BLS | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.07% | -0.4% | -0.07% |
| 30 Day | 1.2% | 0.2% | -1.3% |
| 90 Day | 4.0% | 7.1% | 1.9% |
| 1 Year | -32.8%-34.1% | 10.8%7.9% | 11.5%9.5% |
| 3 Year | -59.8%-60.7% | 70.1%60.2% | 23.6%16.7% |
| 5 Year | n/a | 55.9%41.6% | 35.5%22.9% |
Price Volatility Vs. Market
How volatile is BLS International Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
There's A Lot To Like About BLS International Services Limited's (NSE:BLS) Upcoming ₹0.50 Dividend3 weeks ago | Simply Wall St
Boasting A 16% Return On Equity, Is BLS International Services Limited (NSE:BLS) A Top Quality Stock?1 month ago | Simply Wall St
How Much is BLS International Services Limited's (NSE:BLS) CEO Getting Paid?Valuation
Is BLS International Services undervalued compared to its fair value and its price relative to the market?
11.7x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BLS (₹68.75) is trading above our estimate of fair value (₹38.38)
Significantly Below Fair Value: BLS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BLS is poor value based on its PE Ratio (11.6x) compared to the IT industry average (10.8x).
PE vs Market: BLS is good value based on its PE Ratio (11.6x) compared to the Indian market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BLS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BLS is overvalued based on its PB Ratio (1.4x) compared to the IN IT industry average (0.9x).
Next Steps
Future Growth
How is BLS International Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
9.3%
Forecasted Software industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BLS International Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine BLS International Services's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- BLS International Services competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
Past Performance
How has BLS International Services performed over the past 5 years?
23.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BLS has a high level of non-cash earnings.
Growing Profit Margin: BLS's current net profit margins (6.9%) are lower than last year (14%).
Past Earnings Growth Analysis
Earnings Trend: BLS's earnings have grown significantly by 23.3% per year over the past 5 years.
Accelerating Growth: BLS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BLS had negative earnings growth (-44.4%) over the past year, making it difficult to compare to the IT industry average (7.2%).
Return on Equity
High ROE: BLS's Return on Equity (15.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is BLS International Services's financial position?
Financial Position Analysis
Short Term Liabilities: BLS's short term assets (₹3.7B) exceed its short term liabilities (₹647.8M).
Long Term Liabilities: BLS's short term assets (₹3.7B) exceed its long term liabilities (₹23.1M).
Debt to Equity History and Analysis
Debt Level: BLS's debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: BLS's debt to equity ratio has reduced from 6.9% to 1.3% over the past 5 years.
Debt Coverage: BLS's debt is well covered by operating cash flow (1149.2%).
Interest Coverage: BLS's interest payments on its debt are well covered by EBIT (50.8x coverage).
Balance Sheet
Inventory Level: BLS has a low level of unsold assets or inventory.
Debt Coverage by Assets: BLS's debt is covered by short term assets (assets are 70.8x debt).
Next Steps
Dividend
What is BLS International Services's current dividend yield, its reliability and sustainability?
1.44%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BLS's dividend (1.45%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).
High Dividend: BLS's dividend (1.45%) is low compared to the top 25% of dividend payers in the Indian market (2.59%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BLS has been paying a dividend for less than 10 years.
Growing Dividend: BLS's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (16.8%), BLS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Shikhar Aggarwal (28yo)
3.7yrs
Tenure
₹6,000,000
Compensation
Mr. Shikhar Aggarwal has been Joint Managing Director and Executive Director of BLS International Services Limited since June 17, 2016. Mr. Aggarwal has been associated with BLS International Services sinc ...
CEO Compensation Analysis
Compensation vs Market: Shikhar's total compensation ($USD83.53K) is above average for companies of similar size in the Indian market ($USD50.06K).
Compensation vs Earnings: Shikhar's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Joint MD & Executive Director | 3.7yrs | ₹6.00m | 1.95% ₹137.5m | |
| General Counsel | 0.9yrs | ₹2.94m | no data | |
| Executive Director | 2.7yrs | ₹2.10m | no data | |
| MD & Additional Director | 0yrs | no data | no data | |
| Chief Financial Officer | 0.5yrs | no data | no data | |
| Vice President Finance & Accounts and General Manager of Finance | 0yrs | no data | no data | |
| Manager of Public Relations | 0yrs | no data | no data | |
| Chief Human Resource Officer | 2.4yrs | no data | no data | |
| Chief Operating Officer of Strategic Markets | 17.8yrs | no data | no data | |
| Chief Operating Officer of Visa & Consular Line of Business | 4.5yrs | no data | no data |
3.0yrs
Average Tenure
Experienced Management: BLS's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Joint MD & Executive Director | 3.7yrs | ₹6.00m | 1.95% ₹137.5m | |
| Executive Director | 2.7yrs | ₹2.10m | no data | |
| MD & Additional Director | 0yrs | no data | no data | |
| Independent Non-Executive Director | 3.3yrs | ₹140.00k | no data | |
| Member of the Advisory Board | 1.1yrs | no data | no data | |
| Chairman of the Advisory Board | 1.1yrs | no data | no data | |
| Independent Non-Executive Director | 4.7yrs | ₹150.00k | no data | |
| Independent Non-Executive Director | 4.7yrs | ₹120.00k | no data | |
| Member of the Advisory Board | 1.1yrs | no data | no data | |
| Member of the Advisory Board | 1.1yrs | no data | no data |
2.7yrs
Average Tenure
50yo
Average Age
Experienced Board: BLS's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
BLS International Services Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: BLS International Services Limited
- Ticker: BLS
- Exchange: NSEI
- Founded: 1983
- Industry: Data Processing and Outsourced Services
- Sector: Software
- Market Cap: ₹7.043b
- Shares outstanding: 102.45m
- Website: https://www.blsinternational.com
Number of Employees
Location
- BLS International Services Limited
- 912, Indra Prakash Building
- 21 Barakhamba Road
- New Delhi
- Delhi
- 110001
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BLS | NSEI (National Stock Exchange of India) | Yes | Share Capital | IN | INR | Jun 2016 |
| 540073 | BSE (Mumbai Stock Exchange) | Yes | Share Capital | IN | INR | Jun 2016 |
Biography
BLS International Services Limited provides outsourcing and administrative services for governments and their diplomatic missions worldwide. The company provides outsourced visa and passport services, front end and citizen support, consular, passport verification, e-visa, biometrics and identity management, and verification and attestation services, B2C, as well as value added services. It also manages visa and passport-issuance related administrative and non-judgmental tasks for its client governments, which enables diplomatic missions to focus singularly on the judgemental part of the visa issuance process. BLS International Services Limited was incorporated in 1983 and is headquartered in New Delhi, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/24 13:24 |
| End of Day Share Price | 2020/02/24 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.