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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Business Correspondent services, Loan distribution, E-governance services, AI banking technology (Atyati). Asset-light, transaction-volume-driven business correspondent and digital banking services
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 301 | 519 | 1,118 |
| EBITDA (ex other income) | 42 | 60 | 75 |
| margin % | 13.9 | 11.6 | 6.7 |
| Owners' profit | 31 | 53 | 57 |
| EPS, as reported (₹) | 4.44 | 5.79 | 6.33 |
| ROE % · ROCE % | 7.7 · 10.5 | 11.3 · 15.3 | 12.2 · 16.3 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 |
| Cash from operations | 20 | 67 | 51 |
| Capex | (5) | (13) | (9) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 77 | 128 | 239 | 244 | 270 | 281 | 323 | 304 |
| Profit before tax | 19 | 19 | 23 | 23 | 25 | 21 | 24 | 25 |
| Net profit | 15 | 14 | 17 | 18 | 18 | 15 | 18 | 19 |
| EPS (₹) | 1.58 | 1.44 | 1.45 | 1.62 | 1.70 | 1.39 | 1.62 | 1.68 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| L&T TECHNOLOGY SER. LTD. | 35,510 | 26.9 | 5.47 | 16.3 | 19.7 | 21.1 | 15.1 | 19.6 |
| TATA TECHNOLOGIES LIMITED | 31,087 | 55.8 | 7.92 | 33.8 | 13.9 | 14.3 | — | 18.3 |
| INVENTURUS KNOWLEDGE SO L | 29,665 | 38.0 | 10.59 | 27.0 | 25.8 | 27.7 | — | 33.6 |
| NETWEB TECH INDIA LTD | 28,723 | 109.9 | 39.71 | — | 28.5 | 37.5 | — | 15.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 22 Aug 2026 · BLS E-Services files newspaper ad confirming 10th AGM notice dispatch | compliance | minimal | — | — |
| 21 Aug 2026 · Annual Report FY 2025-26 web link shared with shareholders; 10th AGM on Sept 15, 2026 | compliance | minimal | — | — |
| 21 Aug 2026 · Record date fixed for BLS E-Services final dividend FY26 | corporate actions | high | — | — |
| 21 Aug 2026 · BLS E-Services files BRSR for FY 2025-26 | compliance | minimal | — | — |
| 21 Aug 2026 · 10th AGM notice: dividend, stock split, director appointments | board shareholder meetings | low | — | — |
| 21 Aug 2026 · BLS E-Services files FY26 Annual Report; 10th AGM set for September 15 | compliance | medium | — | — |
| 19 Aug 2026 · Corrigendum to 10th AGM newspaper advertisement | compliance | minimal | — | — |
| 18 Aug 2026 · Newspaper advertisement published for 10th AGM notice | compliance | minimal | — | — |
| 11 Aug 2026 · Monitoring Agency Report on IPO proceeds for Q1 FY27 | fund raising | medium | — | — |
| 8 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| AFFLE 3I LIMITED | 22,105 | 46.2 | 6.05 | 30.4 | 12.5 | 15.2 | 39.3 | 25.8 |
| SAGILITY LIMITED | 21,150 | 21.3 | 2.19 | 12.0 | 9.6 | 11.6 | — | 22.3 |
| BLACK BOX LIMITED | 14,299 | 61.3 | 11.11 | 28.4 | 16.9 | 9.5 | 6.2 | 8.4 |
| E2E NETWORKS LIMITED | 12,632 | 287.1 | — | — | — | — | — | 82.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 48.5 | 18.9 | 65 of 78 | 17% |
| P/B | 4.9 | 2.2 | 56 of 70 | 20% |
| ROCE | 16.2 | 9.7 | 24 of 87 | 73% |
| ROE | 12.2 | 9.4 | 26 of 72 | 65% |
| Debt / Equity | 0.0 | 0.0 | 3 of 72 | 72% |
| EBITDA margin | 8.8 | 13.0 | 51 of 69 | 27% |
| Revenue growth | 24.6 | 20.8 | 28 of 67 | 59% |
| Profit growth | 6.3 | 14.6 | 38 of 64 | 41% |
| Market cap | 2804 | 309 | 14 of 87 | 85% |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
