BLS E-Services Limited (BLSE) Fair Value & Analysis
Industrials · IN · Market cap ₹20.6B
Fair value as of: Aug 2, 2026
From 26 valuation models · updated 11 days ago
Share price +19.2% over the past month.
A solid business, but screening 60% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹158.56). The favourable scenario is already priced in.
- Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (3 years)
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
30‑month range ₹128.58 – ₹396.01 · fair‑value band ₹95.14 – ₹158.56 · the ₹316.65 price screens above the ₹126.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.
Analysis
BLS E-Services Limited (BLSE) currently trades at ₹316.65, while our model-based Fair Value estimate is ₹126.85, implying the stock looks roughly 59.9% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, BLS E-Services Limited generated revenue of ₹11.2B at a net margin of 5.1%. Revenue grew 35.2% year over year. It earns a return on equity of 12.7%. The balance sheet holds a net cash position of ₹2.6B. Fundamentals as of Aug 2, 2026
Our scenario range runs from ₹95.14 (bear case) to ₹158.56 (bull case); at ₹316.65, the current price sits above 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 near its 52-week high and 155% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at -60%, BLSE screens richer 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.
All 26 models by family
Widest divergence: Growth Earnings (₹286.04) versus Dividend Discount (₹24.13). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 91
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 E-Services Limited, a technology enabled digital service company, provides assisted E-services and E-governance services in India and internationally. The company offers business correspondents services to banks.
Full company description
BLS E-Services Limited, a technology enabled digital service company, provides assisted E-services and E-governance services in India and internationally. The company offers business correspondents services to banks. It also operates a network of access points that offers essential public utility, social welfare scheme, healthcare, financial, educational, agricultural, and banking services to governments and businesses to citizens in urban, semi-urban, rural, and remote areas. The company was formerly known as BLS E-Services Private Limited and changed its name to BLS E-Services Limited in April 2023. The company was incorporated in 2016 and is based in Gurugram, India. BLS E-Services Limited is a subsidiary of BLS International Services Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
BLS E-Services Limited reported revenue of ₹11.2B in FY2026 versus ₹967M in FY2022, a compound +84.4%/yr. Reported net income was ₹575M in FY2026, compounding +80.8%/yr from FY2022.
BLSE screens 60% overvalued. Compare with Cintas Corporation →
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.
Valuation Multiples vs Specialty Business Services median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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% |
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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.
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