BLS E-Services Limited Net Assets
BLS E-Services Limited net assets. Based on the latest financial reports, BLS E-Services Limited (BLSE) has net assets worth Rs5.70 Billion INR (≈ $61.62 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs7.62 Billion ≈ $82.40 Million USD) and total liabilities (Rs1.92 Billion ≈ $20.78 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. Also explore net asset growth rate of BLS E-Services Limited to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs5.70 Billion |
| % of Total Assets | 74.79% |
| Annual Growth Rate | 125.96% |
| 5-Year Change | 3681.89% |
| 10-Year Change | N/A |
| Growth Volatility | 241.59 |
Net Assets of BLS E-Services Limited (2021–2026)
Net assets of BLS E-Services Limited from 2021 to 2026. This chart illustrates how BLS E-Services Limited's net assets have evolved over time, based on quarterly financial data. See BLSE net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for BLS E-Services Limited (2021–2026)
The table below shows the annual net assets of BLS E-Services Limited from 2021 to 2026. For live market cap and overall valuation, see BLSE market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs5.70 Billion ≈ $61.62 Million |
+9.94% |
| 2025-03-31 | Rs5.18 Billion ≈ $56.05 Million |
+18.39% |
| 2024-03-31 | Rs4.38 Billion ≈ $47.34 Million |
+292.78% |
| 2023-03-31 | Rs1.11 Billion ≈ $12.05 Million |
+639.71% |
| 2022-03-31 | Rs150.67 Million ≈ $1.63 Million |
+55.67% |
| 2021-03-31 | Rs96.79 Million ≈ $1.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to BLS E-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 1572.7% over the analyzed period, indicating profitable operations and earnings retention.
BLS E-Services Limited Net Assets Breakdown (March 2026)
BLS E-Services Limited net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs1.52 Billion | 29.15% |
| Common Stock | Rs908.57 Million | 17.39% |
| Other Components | Rs2.79 Billion | 53.46% |
| Total Equity | Rs5.22 Billion | 100.00% |
BLS E-Services Limited Competitors by Market Cap
The table below lists competitors of BLS E-Services Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sichuan Golden Summit Group Joint Stock Co Ltd
SHG:600678
|
$291.09 Million |
|
Nanjing Wondux Environmental Protection Technology Corp Ltd
SHG:688178
|
$291.17 Million |
|
Accent Group Ltd
AU:AX1
|
$291.38 Million |
|
Beijing Jiaman Dress Co. Ltd. A
SHE:301276
|
$291.49 Million |
|
Afrimat
JSE:AFT
|
$291.01 Million |
|
Syncmold Enterprise Corp
TW:1582
|
$290.90 Million |
|
Green Cross
KO:005250
|
$290.81 Million |
|
KNOTUS Co.Ltd
KQ:278650
|
$290.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BLS E-Services Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 4,827,097,000 to 5,224,725,000, a change of 397,628,000 (8.2%).
- Net income of 574,964,000 contributed positively to equity growth.
- Dividend payments of 135,893,000 reduced retained earnings.
- Share repurchases of 44,303,000 reduced equity.
- Other comprehensive income increased equity by 76,116,000.
- Other factors decreased equity by 73,256,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs574.96 Million | +11.0% |
| Dividends Paid | Rs135.89 Million | -2.6% |
| Share Repurchases | Rs44.30 Million | -0.85% |
| Other Comprehensive Income | Rs76.12 Million | +1.46% |
| Other Changes | Rs-73.26 Million | -1.4% |
| Total Change | Rs- | 8.24% |
Book Value vs Market Value Analysis
This analysis compares BLS E-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: 5.16x
- 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 139.34x to 5.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-03-31 | Rs1.07 | Rs148.44 | x |
| 2022-03-31 | Rs1.66 | Rs148.44 | x |
| 2023-03-31 | Rs5.89 | Rs148.44 | x |
| 2024-03-31 | Rs30.48 | Rs148.44 | x |
| 2025-03-31 | Rs26.60 | Rs148.44 | x |
| 2026-03-31 | Rs28.76 | Rs148.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BLS E-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): 11.00%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.14%
- • Asset Turnover: 1.47x
- • Equity Multiplier: 1.46x
- Recent ROE (11.00%) is below the historical average (19.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 32.53% | 4.88% | 1.59x | 4.19x | Rs21.80 Million |
| 2022 | 35.70% | 5.56% | 1.73x | 3.71x | Rs38.73 Million |
| 2023 | 17.65% | 7.77% | 1.35x | 1.68x | Rs81.86 Million |
| 2024 | 7.28% | 10.42% | 0.59x | 1.18x | Rs-117.13 Million |
| 2025 | 10.89% | 10.12% | 0.77x | 1.39x | Rs42.92 Million |
| 2026 | 11.00% | 5.14% | 1.47x | 1.46x | Rs52.49 Million |
Industry Comparison
This section compares BLS E-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: $5,446,775,556
- Average return on equity (ROE) among peers: 19.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BLS E-Services Limited (BLSE) | Rs5.70 Billion | 32.53% | 0.34x | $291.06 Million |
| Alldigi Tech Limited (ALLDIGI) | $2.59 Billion | 32.10% | 0.62x | $137.08 Million |
| Apollo Sindoori Hotels Limited (APOLSINHOT) | $675.21 Million | 30.45% | 0.51x | $32.46 Million |
| BLS International Services Limited (BLS) | $5.70 Billion | 19.53% | 0.11x | $964.86 Million |
| CMS Info Systems Limited (CMSINFO) | $22.67 Billion | 16.43% | 0.38x | $386.78 Million |
| DJ Mediaprint & Logistics Limited (DJML) | $690.86 Million | 9.73% | 0.65x | $24.74 Million |
| GKW Limited (GKWLIMITED) | $867.91 Million | 14.13% | 0.15x | $105.94 Million |
| Hinduja Global Solutions Limited (HGS) | $11.38 Billion | 9.32% | 0.88x | $174.30 Million |
| Kapston Services Limited (KAPSTON) | $73.75 Million | 29.32% | 3.27x | $166.23 Million |
| Krystal Integrated Services Ltd (KRYSTAL) | $4.37 Billion | 10.00% | 0.74x | $87.62 Million |
About BLS E-Services Limited
BLS E-Services Limited, a technology enabled digital service company, provides assisted E-services and E-governance services in India. The company act as business correspondents to provide banking products and services on behalf of banks to people, such as opening savings, recurring deposit accounts, cash deposits, withdrawals, remittance, transfer, and bill collection services, etc; and value ad… Read more