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Employees: 1,805
Size BLS International Services (BLS.NS) is an India Information Technology company (Data Processing Services) with a market value of $973M, the 602nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹223.35 on 6 Nov 2026.
Performance Over six months the shares fell 23.5%, against -31.3% for the median peer and 0.0% for the India market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 28.7% over the last twelve months (peer median +5.4%); the operating margin is 22.9% (peer median 6.8%).
Valuation It trades at 10.7× forward earnings against a peer median of 26.8× (3rd cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +44%, so the hurdle is -35 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 10.0 points above its cost of capital (14.8% WACC).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹34.1B | ₹30.0B | ₹21.9B | ₹16.8B | ₹15.2B |
| Revenue growth | — | +37% | +31% | +11% | — |
| Gross profit | ₹11.6B | ₹10.6B | ₹8.07B | ₹4.73B | ₹3.29B |
| EBITDA | ₹9.03B | ₹8.51B | ₹6.50B | ₹3.54B | ₹2.31B |
| Net income | ₹7.17B | ₹6.87B | ₹5.08B | ₹3.13B | ₹2.01B |
| Free cash flow | n/a | ₹8.07B | ₹7.05B | ₹3.20B | ₹2.35B |
| Capital expenditure | n/a | ₹1.37B | ₹1.61B | ₹638M | ₹681M |
| Total debt | ₹4.32B | ₹4.31B | ₹3.84B | ₹306M | ₹65.3M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BLS.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.1% | -14.5% | 5th highest of 21 |
| 6-month return | -23.5% | -31.3% | 8th highest of 21 |
| Distance from 52-week high | -34.9% | -53.1% | 6th highest of 21 |
| Revenue growth (TTM) | +28.7% | +5.4% | 6th highest of 21 |
| Operating margin | 22.9% | 6.8% | highest of 21 |
| Forward P/E | 10.7× | 26.8× | 3rd cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 9.7% | 17.8% | 5th least demanding of 13 |
| Growth delivered (Del g) | +44.4% | +19.3% | 2nd highest of 13 |
| Hurdle (Req g minus delivered) | -34.7 pp | -3.4 pp | 2nd least demanding of 13 |
| ROIC minus cost of capital | +10.0 pp | -4.6 pp | 3rd highest of 19 |
| EV / EBITDA | 9.3× | 12.4× | 3rd cheapest of 10 |
| Net debt / EBITDA | -1.3× | 1.6× | 3rd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BLS International Services BLS.NS | India | $973M | -23% | +29% | 23% | 10.7× | 9.7% | +44.4% |
| VNET Group, Inc. Sponsored ADR VNET | United States | $1.00B | -64% | +23% | 7% | 89.6× | n/a | n/a |
| Beijing Topnew Info & Tech 300895.SZ | China | $938M | -27% | +1% | -25% | n/a | 54.6% | -3.4% |
| Liberty Capital GLIBA | United States | $1.06B | -2% | +13% | 13% | 8.0× | 0.8% | +113.1% |
| Keel Infrastructure KEEL | United States | $1.15B | -53% | -23% | -121% | n/a | n/a | n/a |
| Rendong 002647.SZ | China | $1.20B | -43% | +6% | 6% | 19.1× | 42.3% | -17.2% |
| Ucap Cloud Information Technology 688228.SS | China | $786M | -26% | -39% | -14% | n/a | 39.9% | +6.8% |
| SharonAI SHAZ | United States | $781M | -59% | +257% | -894% | n/a | n/a | n/a |
| ASrock Rack 7711.TW | Taiwan | $1.23B | +35% | +183% | 10% | 15.3× | 7.5% | +42.1% |
| Yext YEXT | United States | $749M | +88% | -1% | 10% | 10.0× | 9.6% | +4.7% |
| Innodata INOD | United States | $1.27B | -56% | +39% | 17% | 37.3× | 15.9% | +34.0% |
| Pason Systems PSI.TO | Canada | $742M | -10% | -2% | 18% | 12.4× | 1.5% | +21.8% |
| Capitalonline Data Service 300846.SZ | China | $1.28B | -37% | 0% | -7% | n/a | n/a | n/a |
| SAKURA Internet 3778.T | Japan | $688M | -13% | +26% | 8% | 35.7× | n/a | n/a |
| HawkEye 360 HAWK | United States | $1.45B | -55% | +88% | -8% | n/a | n/a | n/a |
| Rackspace Technology RXT | United States | $645M | -54% | 0% | -2% | n/a | 35.0% | -0.2% |
| WIIT WIIT.MI | Italy | $638M | -34% | -2% | 16% | 30.0× | 23.9% | +25.8% |
| Qingmu Tec 301110.SZ | China | $637M | -32% | +5% | 9% | 26.8× | 11.9% | +16.9% |
| Suncorporation 6736.T | Japan | $1.49B | +22% | -11% | 1% | n/a | n/a | n/a |
| JMDC 4483.T | Japan | $1.52B | +10% | +19% | 20% | 31.9× | 19.7% | +24.6% |
| ChronoScale CHRN | United States | $1.57B | -31% | +190% | -68% | n/a | n/a | n/a |