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    BLS E-Services Limited

    Asset-light BC network linking banks & governments to rural India via touchpoints, CSCs & loan distribution.

    Information Technology
    Information Technology
    ₹227.03
    +13.61% from avg

    Overview

    Price

    ₹227.03

    Market Cap

    ₹2.6k Cr

    Sector

    Information Technology

    Information Technology

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital006791919191
    Reserves101540340392414432
    Borrowings111557776
    Other Liabilities20266771183205233
    Total Liabilities4156179510672717762
    AssetsFixed Assets8158893148179180
    CWIP0000111215
    Investments00015110130126
    Other Assets324192402404397441
    Total Assets4156179510672717762

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating92029206751
    Cash from Investing-1-14-66-295-23-14
    Cash from Financing-5-846290-4-19
    SummaryCapital Expenditure
    Free Cash Flow91228155442
    FCF Margin

    Valuation

    Assumptions

    Current — BLSE
    Price
    ₹227
    EPS (TTM)
    ₹6.33
    PE (TTM)
    35.9
    Profit growth
    42.5%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (33.1×) and current (35.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹227
    vs
    Fair value · 15% return
    ₹608
    168%Undervalued

    At 42.5% growth and a 33× exit, ₹227 only delivers your return if you pay ₹608. The price is currently baking in 19% growth.

    EPS grows 42.5%/yr for 5 years, then fades to 6% over 2, exits at 33×.

    YearGrowthEPS (₹)
    FY2742.5%9.02
    FY2842.5%12.85
    FY2942.5%18.32
    FY3042.5%26.10
    FY3142.5%37.19
    FY3224.3% ·fade46.21
    FY336.0% ·fade48.99

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse BLS E-Services Limited

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