EN DE

BLS International Services Limited (BLS) Fair Value & Analysis

Industrials · IN · Market cap ₹106B

BI BLS International Services Limited BLS · NSE
Price₹262.88
Fair Value₹276.94
Upside+5.4%
Quality76/100
Watch BLS International Services Limited for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Highly profitable · 22.9% net margin
Low debt · generates free cash flow
0.96% dividend yield
Ranks above peers (10/14)
Wide moat 79/100
Evidence: Medium Range ₹212.27 – ₹683.24 Share as image

Fair value as of: Aug 2, 2026

From 26 valuation models · updated 11 days ago

Share price +9.8% over the past month.

A strong business, currently priced close to our fair value.

What matters now

  • The model range is unusually wide (₹212.27 to ₹683.24). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹500.53 ₹20.89 Fair Value ₹276.94 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹20.89 – ₹500.53 · fair‑value band ₹212.27 – ₹683.24 · the ₹262.88 price screens below the ₹276.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

BLS International Services Limited (BLS) currently trades at ₹262.88, while our model-based Fair Value estimate is ₹276.94, implying the stock looks roughly 5.4% fairly valued today. The Quality Score stands at 76/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, BLS International Services Limited generated revenue of ₹30.0B at a net margin of 22.9%. Revenue grew 17.6% year over year. It earns a return on equity of 30.1%. The balance sheet holds a net cash position of ₹7.5B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹212.27 (bear case) to ₹683.24 (bull case); at ₹262.88, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 36% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at 5%, BLS screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹334.71 ₹601.63 ₹1,141 80
Residual Income ₹120.08 ₹171.80 ₹1,402 76
Rev-Margin DCF ₹192.49 ₹318.44 ₹559.25 74
All 26 models by family
DCF Models
FCF DCF ₹354.32 ₹543.55 ₹1,146 38
Owner Earnings ₹269.76 ₹582.78 ₹1,240 31
5Y Revenue Exit ₹188.99 ₹281.01 ₹471.27 39
5Y EBITDA Exit ₹261.23 ₹427.10 ₹751.75 41
5Y P/E Exit ₹313.19 ₹657.96 ₹1,126 38
10Y Revenue Exit ₹235.72 ₹422.72 ₹521.08 36
10Y EBITDA Exit ₹292.60 ₹578.29 ₹1,062 37
10Y P/E Exit ₹330.52 ₹690.19 ₹1,277 35
Earnings-Based
Graham-Dodd ₹113.47 ₹791.32 ₹1,111 54
Lynch FV ₹314.80 ₹449.71 ₹584.62 50
PEG = 1.0 ₹314.80 ₹449.71 ₹584.62 46
EPV ₹175.26 ₹200.40 ₹222.40 59
Dividend Discount
Gordon GGM ₹29.01 ₹60.32 ₹95.69 70
DDM Multi-Stage ₹29.01 ₹50.86 ₹63.30 61
Multiples
P/E Multiple ₹262.82 ₹350.42 ₹438.03 63
P/S Multiple ₹109.29 ₹145.71 ₹182.14 58
P/B Multiple ₹202.04 ₹269.38 ₹336.73 55
EV/EBIT ₹249.08 ₹323.98 ₹398.88 53
EV/EBITDA ₹218.40 ₹283.07 ₹347.74 54
EV/Revenue ₹116.19 ₹155.53 ₹194.88 43
Asset-Based
NCAV (Graham) ₹29.93 ₹40.11 ₹59.86 50
Growth DCF
Growth DCF ₹334.71 ₹601.63 ₹1,141 80
Rev-Margin DCF ₹192.49 ₹318.44 ₹559.25 74
Economic Profit
Residual Income ₹120.08 ₹171.80 ₹1,402 76
ROIC Compounder ₹211.82 ₹290.61 ₹396.78 72
Growth Earnings
Growth-Adj P/E ₹396.54 ₹566.49 ₹736.44 68

Widest divergence: Growth Earnings (₹566.49) versus Asset-Based (₹40.11). Highest evidence: Growth DCF (80).

Notify me when BLS reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹30.0B
Revenue growth (YoY) +17.6%
Net margin 22.9%
Return on equity 30.1%
Free cash flow ₹8.1B FY2026
P/E ratio 15.5
More key figures
Operating margin 22.0%
EPS (TTM) ₹16.65
Dividend yield 1.0%
EPS growth (YoY) +31.4%
Net cash ₹7.5B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 76/100

Of which business quality 76 · Market factors (momentum, volatility) 33

Profitability 79
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

BLS International Services Limited provides outsourcing and administrative task of visa, passport, and consular services to various diplomatic missions in India. It operates through the Rendering of Visa and other Allied Services, and Digital Services segments.

Full company description

BLS International Services Limited provides outsourcing and administrative task of visa, passport, and consular services to various diplomatic missions in India. It operates through the Rendering of Visa and other Allied Services, and Digital Services segments. The company offers citizen and front-end services; consular services; e-visa; biometric and identity management services; verification and attestation services; and value-added services, such as courier, domestic money transfer, and Aadhar card, as well as services related to attestation and apostille, e-governance, business correspondent, and allied services. It also operates in the Middle East, Asia-Pacific, North America, Europe, and Africa. BLS International Services Limited was incorporated in 1983 and is headquartered in New Delhi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

BLS International Services Limited reported revenue of ₹30.0B in FY2026 versus ₹8.5B in FY2022, a compound +37.0%/yr. Reported net income was ₹6.9B in FY2026, compounding +57.6%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹30.0B
Latest YoY
+36.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+25.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+44.0%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.6%
Revenue +37.0%/yr
FY22 ₹8.5B
FY23 ₹15.2B
FY24 ₹16.8B
FY25 ₹21.9B
FY26 ₹30.0B
Net income +57.6%/yr
FY22 ₹1.1B
FY23 ₹2.0B
FY24 ₹3.1B
FY25 ₹5.1B
FY26 ₹6.9B
Character of growth · EPS growth decomposed (2015-2026) +34.4 % p.a.
Revenue per share +17.6 pp

of which total revenue +17.6 pp · buybacks/dilution −0.1 pp

EBIT margin +9.7 pp
Tax rate −0.7 pp
Residual (interest, one-offs) +7.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch BLS: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "BLS International Services Limited Fair Value". https://www.fairvalue-calculator.com/stock/BLS

Peer Group

Specialty Business Services · 252 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 76 · Top 25%
Fair Value upside +5% · Above median
Return on equity (TTM) 30% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth 18% · Top 25%
Dividend yield (TTM) 1.0% · Bottom 25%
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 15.5× · Cheaper than median
P/B 4.32× · Pricier than 75% of peers
P/S (TTM) 3.55× · Pricier than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 11.8× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 40 · sector 23
FUTURE 88 · sector 27
PAST 100 · sector 34
HEALTH 96 · sector 92
DIVIDEND 19 · sector 55

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

Compare BLS International Services Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is BLS International Services Limited (BLS) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹276.94 versus a price of ₹262.88, about +5% (fairly valued).
What is the fair value of BLS?
Our model-based fair value for BLS International Services Limited is ₹276.94 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹262.88.
What is the quality score of BLS?
BLS International Services Limited has a Quality Score of 76/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of BLS International Services Limited (BLS)?
BLS International Services Limited reported trailing-twelve-month revenue of about ₹30.0B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of BLS?
The net profit margin of BLS International Services Limited is about 22.9%, meaning it keeps roughly 22.9% of revenue as net income. Based on the latest reported figures.
Does BLS International Services Limited pay a dividend?
BLS International Services Limited currently shows a dividend yield of about 0.96% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track BLS International Services Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.