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NSE:BLSE

BLS E-SERVICES LIMITED

Information Technology › IT - Services
₹147.55
at close · 27 Oct 2026
▲ 5.30 (+3.73%)
ThemesArtificial Intelligence· growingQuick Commerce & E-commerce· growing

Latest filings

Next results: Mon, 2 Nov · Financial Results
  1. Board to approve Q2 and half-year results on November 2, 2026 · Results
  2. BLS E-Services files demat certificate for Sep 2026 quarter · Compliance
  3. Stock split 1:2 completed; new shares credited to demat accounts · Corporate Actions
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates a Business Correspondent and digital banking services network of 1,55,000+ touchpoints across India, acting as a last-mile agent between banks and citizens for transactions, deposits, withdrawals and account services. The BC franchise runs 45,800+ BC/CSP points on behalf of partner banks, earning commissions and transaction fees. Loan distribution is a fast-growing vertical, originating Rs. 36,800+ crore of loans in FY26 (up 213.8% year-on-year), with revenue earned as lead-generation and distribution fees from lending partners. E-governance services add a smaller stream. The network processed Gross Transaction Value of Rs. 1.11 lakh+ crore in FY26. In July 2026 the company completed the Rs. 156.82 crore all-cash acquisition of Atyati Technologies, a Bengaluru-based AI banking technology firm serving 35+ banks and financial institutions through 25,900+ customer service points across about 1,00,000 villages, adding micro-lending and tech platform capabilities. FY26 consolidated revenue stood at Rs. 1,117.79 crore, with materials/services at 87.7% of revenue — the dominant cost, reflecting pass-through payments to BC agents and technology infrastructure.

Operating scale
Network touchpoints
1,55,000+FY26
BCs/CSPs operated
45,800+FY26
Atyati customer service points
25,900+FY26
Gross Transaction Value
Rs. 1.11 lakh+ croreFY26
Loan distribution volume
Rs. 36,800+ croreFY26
Banks and financial institutions served
35+FY26
Who pays it
Banks, financial institutions, lending partners, government departments, and citizens using BC and e-governance outlets
Biggest cost
Materials and services at 87.7% of revenue — payments to BC agents and transaction-related pass-through costs
Kind of business
Asset-light, transaction-volume-driven business correspondent and digital banking services
Where it sits
Operates one of the largest BC/CSP networks in India with 1,55,000+ touchpoints; recently scaled via Aadifidelis (Nov 2024) and Atyati Technologies (July 2026) acquisitions
Market Cap
₹1,334 Cr
P / E (TTM)
23.1×
EV / EBITDA
12.2×
Div Yield
1.02%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
16.3%▲
ROCE (FY26)
ROE 12.2% · margin 8.9%
Leverage
0.00·
Debt / Equity · low
Net cash ₹88 Cr
Revenue FY24→FY26
3.7×▲
Margin −4.9 pts
₹301 Cr → ₹1,118 Cr
Cash conversion
0.85×·
Operating cash ÷ profit · 3 yrs
₹138 Cr on ₹161 Cr
Where it sits among 87 IT Enabled Services peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#47/76
P/B#41/70
ROCE#23/86
ROE#24/70
Debt / Equity#1/70
EBITDA margin#51/69
Revenue growth#28/67
Profit growth#38/64

Scorecard

Measured from the filed financials, judged against its IT Enabled Services peers · as of FY26 — not investment advice

Strengths
Returns on capital 16.3%
#23 of 86 in IT Enabled Services on the latest reported figures
No borrowings on the balance sheet
lower than 74% of its 70 IT Enabled Services peers
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

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Peers

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from BLS E-SERVICES LIMITED's filed financials and exchange disclosures

What does BLS E-SERVICES LIMITED do?

BLS E-SERVICES LIMITED is a IT - Services company listed on NSE and BSE, trading under the symbol BLSE.

Is BLS E-SERVICES LIMITED profitable?

Yes. Over the trailing twelve months BLS E-SERVICES LIMITED reported a net profit of ₹70 Cr on revenue of ₹1,178 Cr.

Does BLS E-SERVICES LIMITED pay a dividend?

Yes. The dividend yield is 1.02% at the current price. It paid out 20% of its profit as dividend in FY26.

Is BLS E-SERVICES LIMITED debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹88 Cr of cash.

Is BLS E-SERVICES LIMITED expensive compared with its peers?

On trailing P/E, BLS E-SERVICES LIMITED ranks 47 of 76 in IT Enabled Services — cheaper than 39% of them, against an industry median of 17.4×. This is a position, not a valuation judgement.

When are BLS E-SERVICES LIMITED's next results?

Financial Results on Mon, 2 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track BLS E-SERVICES LIMITED's announcements?

Every NSE and BSE filing by BLS E-SERVICES LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.