Multibagger visa processing company that rallied over 1300%

Business Overview

BLS International Services Limited, an India-based company, specializes in providing visa, consular, and citizen services with the aid of technology. The company operates globally, serving the governments of various regions including Asia, Africa, Europe, South America, North America, and the Middle East.

The company’s main divisions are Visa and Consular Services, as well as Digital Services. Under its tech-enabled citizen services, the company offers front-end and citizen services, consular services, identity verification, and attestation, as well as biometric and identity management services.

The visa processing services encompass outsourced visa processing, document verification and attestation, passport services, e-visa services, and other related services. Additionally, BLS International provides convenience services such as photocopying, courier services, Internet access, insurance, translation services, mobile biometrics, and premium visa appointment scheduling. The company’s Digital Services segment includes e-governance, business correspondent services, and other related services.

Financial Performance 

If we check the company’s financials, in FY23 annual revenue experienced a significant increase of 78% YoY, rising from Rs 850 Crore to Rs 1516 Crore. The company’s revenue for the first time touched a significant milestone of over Rs 1500 Crore and it has become approximately double this year compared to the previous year.

The operating profit of the company stands at Rs 221 Crore, accompanied by an operating profit margin of 15%. Furthermore, the net profit of the company amounts to Rs 204 Crore.

The company’s return on capital employed (ROCE) and return on equity (ROE) are in single digits at 32.2% and 29.6%, respectively.

Stock Performance 

The stock opened at Rs 219.90, a flat opening from the previous day’s closing price of Rs 218.65 on BSE. Its 52-week highs and lows are Rs 226 and Rs 103.83, respectively. The company’s current market capitalization stands at Rs 9023.66 Crore. The stock is trading at a price-to-earnings ratio of 44.4 times.

In terms of returns, the stock of BLS International has shown impressive performance. Over the past three months, it has generated an impressive return of 27%, while over the last two years, it has generated a multibagger return of over 550%.

Furthermore, the most astonishing returns are witnessed over the last three years, where the stock has delivered a multibagger return of over 1300%, leaving investors stunned. 

Regarding ownership, the promoters of the company possess 74.41% of the company’s shares. Stakes held by foreign institutional investors (FIIs) and domestic institutional investors (DIIs) are 7.57% and 0.05%, respectively. The remaining portion, which accounts for 17.92%, is owned by public investors.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.