BLS International Services Limited (BLS) - Net Assets
Based on the latest financial reports, BLS International Services Limited (BLS) has net assets worth Rs24.39 Billion INR (≈ $263.79 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs33.39 Billion ≈ $361.07 Million USD) and total liabilities (Rs9.00 Billion ≈ $97.28 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check BLS International Services Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs24.39 Billion |
| % of Total Assets | 73.06% |
| Annual Growth Rate | 38.09% |
| 5-Year Change | 338.94% |
| 10-Year Change | 1598.6% |
| Growth Volatility | 17.57 |
BLS International Services Limited - Net Assets Trend (2014–2025)
This chart illustrates how BLS International Services Limited's net assets have evolved over time, based on quarterly financial data. Also explore BLS International Services Limited total assets for the complete picture of this company's asset base.
Annual Net Assets for BLS International Services Limited (2014–2025)
The table below shows the annual net assets of BLS International Services Limited from 2014 to 2025. For live valuation and market cap data, see BLS International Services Limited market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs20.19 Billion ≈ $218.32 Million |
+40.04% |
| 2024-03-31 | Rs14.42 Billion ≈ $155.90 Million |
+72.21% |
| 2023-03-31 | Rs8.37 Billion ≈ $90.53 Million |
+46.91% |
| 2022-03-31 | Rs5.70 Billion ≈ $61.62 Million |
+23.89% |
| 2021-03-31 | Rs4.60 Billion ≈ $49.74 Million |
+7.36% |
| 2020-03-31 | Rs4.28 Billion ≈ $46.33 Million |
+15.00% |
| 2019-03-31 | Rs3.72 Billion ≈ $40.28 Million |
+42.92% |
| 2018-03-31 | Rs2.61 Billion ≈ $28.19 Million |
+58.28% |
| 2017-03-31 | Rs1.65 Billion ≈ $17.81 Million |
+38.55% |
| 2016-03-31 | Rs1.19 Billion ≈ $12.85 Million |
+42.19% |
| 2015-03-31 | Rs835.83 Million ≈ $9.04 Million |
+44.17% |
| 2014-03-31 | Rs579.76 Million ≈ $6.27 Million |
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Equity Component Analysis
This analysis shows how different components contribute to BLS International Services Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2700.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs12.49 Billion | 72.15% |
| Common Stock | Rs411.74 Million | 2.38% |
| Other Comprehensive Income | Rs1.14 Billion | 6.56% |
| Other Components | Rs3.27 Billion | 18.91% |
| Total Equity | Rs17.31 Billion | 100.00% |
BLS International Services Limited Competitors by Market Cap
The table below lists competitors of BLS International Services Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bright Real Estate Group Co Ltd
SHG:600708
|
$1.24 Billion |
|
Shenzhen JingQuanHua Electronics Co Ltd
SHE:002885
|
$1.24 Billion |
|
Guangdong Jinma Entertainment Corp Ltd
SHE:300756
|
$1.24 Billion |
|
KANGJI MED.HLDS DL-00001
F:50J
|
$1.24 Billion |
|
Metropolitan Kentjana Tbk
JK:MKPI
|
$1.24 Billion |
|
Shenzhen Shenbao Industrial Co Ltd
SHE:000019
|
$1.24 Billion |
|
Sichuan Huiyu Pharmaceutical Co Ltd
SHG:688553
|
$1.24 Billion |
|
Superloop Ltd
AU:SLC
|
$1.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BLS International Services Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,076,389,000 to 17,308,314,000, a change of 5,231,925,000 (43.3%).
- Net income of 5,082,271,000 contributed positively to equity growth.
- Dividend payments of 211,153,000 reduced retained earnings.
- Other comprehensive income increased equity by 333,783,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs5.08 Billion | +29.36% |
| Dividends Paid | Rs211.15 Million | -1.22% |
| Other Comprehensive Income | Rs333.78 Million | +1.93% |
| Other Changes | Rs27.02 Million | +0.16% |
| Total Change | Rs- | 43.32% |
Book Value vs Market Value Analysis
This analysis compares BLS International Services Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.63x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 197.03x to 6.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-03-31 | Rs1.41 | Rs278.31 | x |
| 2015-03-31 | Rs2.04 | Rs278.31 | x |
| 2016-03-31 | Rs2.90 | Rs278.31 | x |
| 2017-03-31 | Rs4.01 | Rs278.31 | x |
| 2018-03-31 | Rs6.36 | Rs278.31 | x |
| 2019-03-31 | Rs9.08 | Rs278.31 | x |
| 2020-03-31 | Rs10.46 | Rs278.31 | x |
| 2021-03-31 | Rs11.22 | Rs278.31 | x |
| 2022-03-31 | Rs13.89 | Rs278.31 | x |
| 2023-03-31 | Rs19.55 | Rs278.31 | x |
| 2024-03-31 | Rs29.35 | Rs278.31 | x |
| 2025-03-31 | Rs41.98 | Rs278.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BLS International Services Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 29.36%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.17%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.62x
- Recent ROE (29.36%) is above the historical average (25.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 35.35% | 5.31% | 5.78x | 1.15x | Rs146.74 Million |
| 2015 | 28.25% | 5.24% | 4.35x | 1.24x | Rs152.42 Million |
| 2016 | 26.02% | 6.12% | 3.68x | 1.15x | Rs190.19 Million |
| 2017 | 30.44% | 7.86% | 2.15x | 1.80x | Rs336.27 Million |
| 2018 | 37.05% | 12.23% | 1.68x | 1.80x | Rs704.81 Million |
| 2019 | 28.28% | 13.03% | 1.69x | 1.28x | Rs680.18 Million |
| 2020 | 12.24% | 6.61% | 1.69x | 1.10x | Rs95.79 Million |
| 2021 | 10.91% | 10.37% | 0.97x | 1.08x | Rs41.73 Million |
| 2022 | 19.53% | 13.09% | 1.34x | 1.11x | Rs542.94 Million |
| 2023 | 25.01% | 13.24% | 1.60x | 1.18x | Rs1.20 Billion |
| 2024 | 25.92% | 18.66% | 1.04x | 1.34x | Rs1.92 Billion |
| 2025 | 29.36% | 23.17% | 0.78x | 1.62x | Rs3.35 Billion |
Industry Comparison
This section compares BLS International Services Limited's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $5,517,309,667
- Average return on equity (ROE) among peers: 17.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BLS International Services Limited (BLS) | Rs24.39 Billion | 35.35% | 0.37x | $1.24 Billion |
| Alldigi Tech Limited (ALLDIGI) | $2.65 Billion | 13.25% | 0.20x | $137.26 Million |
| Apollo Sindoori Hotels Limited (APOLSINHOT) | $1.35 Billion | 8.19% | 1.34x | $32.60 Million |
| BLS E-Services Limited (BLSE) | $150.67 Million | 35.70% | 2.71x | $193.70 Million |
| CMS Info Systems Limited (CMSINFO) | $7.46 Billion | 12.89% | 0.46x | $516.45 Million |
| DJ Mediaprint & Logistics Limited (DJML) | $690.86 Million | 9.73% | 0.65x | $34.33 Million |
| GKW Limited (GKWLIMITED) | $25.70 Billion | -0.72% | 0.24x | $106.54 Million |
| Hinduja Global Solutions Limited (HGS) | $9.99 Billion | 10.74% | 0.36x | $205.87 Million |
| Kapston Services Limited (KAPSTON) | $26.94 Million | 53.93% | 3.19x | $113.07 Million |
| Krystal Integrated Services Ltd (KRYSTAL) | $1.64 Billion | 16.04% | 1.47x | $91.60 Million |
About BLS International Services Limited
BLS International Services Limited provides outsourcing and administrative task of visa, passport, and consular services to various diplomatic missions in India. It operates through the Rendering of Visa and other Allied Services, and Digital Services segments. The company offers citizen and front-end services; consular services; e-visa; biometric and identity management services; verification an… Read more