BLSEInformation Technology

BLS E-Services Limited

IT Enabled Services · ISIN INE0NLT01010 · BSE 544107 · NSE EQ · FV ₹10
Last price
₹315
+0.30%today
What this company does

BLS E-Services Limited operates in IT Enabled Services, part of the Information Technology sector. It booked ₹304 cr of revenue in its latest quarter (Q1 FY27) and kept 5.0% of sales as profit.

Their stated mission

to deliver convenience and companies and state governments.

In the report:
64out of 100
Equitytale Health Score
Mixed

Healthier than 64% of companies in Information Technology, on the 5 of 6 measures we could read for it. Each measure is ranked against the 105–123 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
53

At close. Not part of the score.

Profitability & returns49

How much profit it earns on the money it employs

Balance sheet93

How much it owes, and whether earnings cover the interest

Cash quality70

Whether reported profit actually arrives as cash

Valuation20

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 25% vs last year
Promoters hold 72%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 5.0% net margin

What if I invest in BLSE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹315 +0.30%
latest close · 2026-09-17
52-wk low ₹25442 sessions so far52-wk high ₹331
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio46.8High
LowAverageHigh
P/B ratio6.67High
Below bookModerateHigh
EV / EBITDA31.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity11.7%Fair
WeakFairStrong ▸15%
Return on capital17.7%Strong
WeakFairStrong
Net margin5.0%Decent
ThinDecentStrong
EBITDA margin8.8%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover178.4×Strong
RiskyOkayStrong ▸5×
Current ratio2.85Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹3,487 cr
Book value
₹47
EPS
₹1.68
latest quarter
Net debt
₹-88 cr
more cash than debt
Enterprise value
₹3,399 cr
EBITDA
₹108 cr
annualised
EBIT
₹102 cr
annualised
Operating margin
8.4%
Return on assets
8.0%
Earnings yield
2.14%
P/S
2.87
Sales / share
₹109.7
Tax rate
26.4%
Face value
₹0
Shares
11.1 cr
Working capital
₹347 cr
Current assets
₹534 cr
Current liabilities
₹187 cr
Delivery %
49.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹76₹129, midpoint ₹102

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹304 cr
Other Income₹6 cr
Total Income₹310 cr
Cost of Materials₹264 cr
Purchases of Stock-in-Trade₹3 cr
Inventory Change (±)₹-54.6 L
Employee Benefit Expense₹11 cr
Finance Costs₹14.3 L
Depreciation & Amortisation₹1 cr
Other Expenses₹5 cr
Total Expenses₹284 cr
Profit before Tax₹25 cr
Tax Expense₹7 cr
Net Profit₹19 cr
Net margin on total income6.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹267 cr86.1%
Employee benefit expense₹11 cr3.6%
Finance costs₹14.3 L0.0%
Depreciation & amortisation₹1 cr0.5%
Other expenses₹5 cr1.6%
Tax expense₹7 cr2.2%
Profit for the period₹19 cr6.0%
Total income ₹310 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue281 cr323 cr304 cr
Total income287 cr329 cr310 cr
Expenses266 cr305 cr284 cr
Profit before tax21 cr24 cr25 cr
Tax6 cr6 cr7 cr
Net profit (owners' share)13 cr15 cr15 cr
Net margin (owners' share, on revenue)4.5%4.6%5.0%
EPS (₹)1.391.621.68
YoY (latest quarter): total income +23.3% · net profit +4.2%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹762 cr
Shareholder equity
₹522 cr
parent shareholders
Total debt
₹0 cr
Cash
₹88 cr
Cash flow · H1 FY26
Operating
₹10 cr
Investing
₹-16 cr
Financing
₹-11 cr
Peer comparison
IT Enabled Services · by market value
CompanyPriceMarket capP/E
L&T Technology Services Limited₹3,324₹35,238 cr25.1
Tata Technologies Limited₹759₹30,809 cr42.6
Inventurus Knowledge Solutions Limited₹1,729₹29,538 cr37.4
Netweb Technologies India Limited₹4,579₹26,070 cr76.4
Affle 3i Limited₹1,546₹21,734 cr42.3
SAGILITY LIMITED₹45₹20,851 cr24.2
Black Box Limited₹766₹13,611 cr60.8
Amagi Media Labs Limited₹574₹12,425 cr96.4
E2E Networks Limited₹604₹12,424 cr70.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.32%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹0.5
ex 8 Sep 2026
ActionDetailEx-date
Dividend₹0.5 / share8 Sep 2026
Dividend₹0.5 / share13 Feb 2026
Dividend₹1 / share8 Sep 2025
Who owns it · 2026-06-30
No pledge
Promoter
71.9%
FII / Foreign
0.6%
DII / Domestic
0.0%
Retail / others
27.2%
Promoter stake up 3.0% over the last 11 quarters.
Smart-money activity
Insider trades
BoughtPreeti Mahendra Dudhediya · Immediate relative45,689 · ₹97.3 L13 Dec 24
Bulk / block deals
SoldPLASTOMATIC PACKAGING PRIVATE LIMITED · NSE6.11 L @ ₹278.1824 Jul 26
BoughtPLASTOMATIC PACKAGING PRIVATE LIMITED · NSE6.11 L @ ₹277.1424 Jul 26
BoughtKURJIBHAI PREMJIBHAI RUPARELIYA · NSE6.00 L @ ₹209.0810 Dec 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 15 Sep 2026
See the official result
1
a.Adoption of the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Auditors thereon; and b. Adoption of the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2026, together with the reports Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
42.06 L votes for, 109 against · 0% of mutual funds and other big investors said no
2
Declaration of Final Dividend of ₹ 0.50/- (5%) per equity share of Rs. 10/- each for the financial year ended March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
42.06 L votes for, 109 against · 0% of mutual funds and other big investors said no
3
Appointment of Mr. Diwakar Aggarwal (DIN: 00144645), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 99% of shareholders other than promotersneeded 50%
41.50 L votes for, 56,110 against · 97% of mutual funds and other big investors said no
4
Appointment of Dr. Savita (DIN: 08764773) as a Non-Executive Independent Director of the Company.
Backed by 100% of shareholders other than promotersneeded 75%
42.06 L votes for, 109 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 156 named members
owning 71.9% between them · as of 2026-06-30
BLS INTERNATIONAL SERVICES LIMITED53.89%
DIWAKAR AGGARWAL9.47%
SHIKHAR AGGARWAL .6.99%
KARAN AGGARWAL1.49%
GAURAV AGGARWAL .0.01%
NIMIT AGGARWAL0.01%
Aadifidelis Solutions Private Limitedno shares
AANCHAL SARAF AGGARWALno shares
Business done with them
FY2025 · 4 of the group
The company paid ₹8 cr to companies in the promoter group last year — about 1.5% of its ₹519 cr revenue and received ₹28 cr back from them.
BLS International Services Limited
Provided services to them · Reimbursement of expenses/ Revenue from services/ Rental income/ Cost of services/ Employee stock option plan
also owns 53.89% of the company
₹28 cr
company received
Mr. Diwakar Aggarwal
Other payments to them · Rent expense/ Sitting fees/ Security deposit
also owns 9.47% of the company
₹4 cr
company paid
BLS International Services Limited
Other payments to them · Reimbursement of expenses/ Revenue from services/ Rental income/ Cost of services/ Employee stock option plan
also owns 53.89% of the company
₹3 cr
company paid
BLS International Services Limited
Other income from them · Reimbursement of expenses/ Revenue from services/ Rental income/ Cost of services/ Employee stock option plan
also owns 53.89% of the company
₹72 L
company received
Mr. Karan Aggarwal
Other payments to them · Consultancy fees
also owns 1.49% of the company
₹6 L
company paid
Mr. Shikhar Aggarwal
Contribution received from them · Sitting fees
also owns 6.99% of the company
₹1.9 L
company received
Mr. Diwakar Aggarwal
Contribution received from them · Rent expense/ Sitting fees/ Security deposit
also owns 9.47% of the company
₹1.6 L
company received

The company also transacted with 20 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹309 cr raised in Feb 2024 by selling shares to the public

The company has not broken this money down into purposes in its filing for Jun 2026, so there is nothing to measure it against yet. Crisil Ratings Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.