AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Sep - BLS E-Services to hold virtual analyst meet on 29 September 2026 at Bharat Connect Conference.
Source: Bse
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result07 Aug, 01:02 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
69BullishSMA20 -1.9% / mo · MACD − · sector +14.5pp vs Nifty 500 (3M)
Stock trend: 49
Sector RS: 100
Sector 3M: +8.9% vs Nifty 500 -5.6%
IT FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
BLSED candles · FIT view+61.9%Latest close ₹143.35 on 2026-10-19
Bar
-0.5%
RSI
34
MACD hist
-1.69
52W pos
75%
2026-10-19O ₹144.00H ₹146.55L ₹142.10C ₹143.35Vol 3.3L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
BLSENifty ITNifty 500
- BLSE
- +5.1%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- +10.6 pp
Chart stats
19 Oct 2026- From 52W high
- -15.6%
- 52W range position
- 75%
- ATR (14)
- 4.2%
- Volume vs 20D
- 0.41x
- Avg traded value
- ₹12.4 Cr
- 20D price channel
- ₹142.1 - ₹169.9
₹169.9
₹62.2 - ₹169.9
₹6
Latest completed session
20-session average
33.5% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Momentum only
Trend is strong but fundamentals do not support a clean investment thesis.
U-Score
Legacy · FAIR VALUE49
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average32
Revenue +24.6% · PAT +5.6% YoY
Technical
Bullish69
Price trend and sector-relative-strength timing.
Valuation
Legacy model+30.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence83
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 32/100margin compression · Rev +25% YoY · PAT +6% YoY
Filed 06 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹304 Cr | +24.6% | -5.9% |
| EBITDA | ₹21 Cr | +16.7% | +5.0% |
| Operating margin | 7.0% | +0 bps | +100 bps |
| PAT | ₹19 Cr | +5.6% | +5.6% |
| PAT margin | 6.3% | -113 bps | +68 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 49.90
- P/B
- 5.55
- EV/EBITDA
- 34.60
- Market Cap
- 2900.00Cr
Profitability
- ROE
- 10.70%
- ROCE
- 16.40%
- ROA
- 9.19%
- Dividend Y
- 0.31%
Growth (CAGR)
- Revenue 5Y
- 77.00%
- EPS 5Y
- 76.00%
- Revenue 3Y
- 66.00%
- EPS 3Y
- 38.00%
Balance Sheet
- Debt/Equity
- 0.01
- Interest Coverage
- 78.00×
- Altman Z
- 8.92
- Book Value
- 57.50
Cash Flow
- FCF Yield
- 1.28%
- FCF Positive Y
- 4/5
- OCF
- 51.00 Cr
- EPS TTM
- 6.39
Shareholding
- Promoter Hold
- 71.87%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 90%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 304-5.9% vs prev
Net Profit
₹ CrLatest: 19.0+5.6% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 34. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~1.9% over last month) — short-term momentum negative.
- RSI(14) at 34 — rising, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 16% off 52W high · 131% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
91
RS percentile
Stage 2 UptrendEstablished S2
1M return
-9.4%
3M return
+5.1%
6M return
+60.2%
1Y return
+68.8%
RS 1D
0
RS 20D
-1
Sector rank
#8
Industry rank
#39
Stage evidence
- Price is 14.4% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +9.9%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
price above
S2 entered
01 Jun 2026
S2 age
99 trading sessions
Sector
improving
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 160.7-1.24%
RS vs Nifty 500161
Valuation & peers
U-Score 49 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 49 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation7/30
Growth16/25
Quality5/20
Balance Sheet12/15
Cash Flow5/10
Piotroski
7/9 (+5)
Penalties
-1
Raw sum
49
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
49/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 30.1%.
- Balance sheet contributes 12/15 to the score.
Main drags
- Penalty bucket subtracts 1 points.
- Valuation is weaker at 7/30; verify the latest quarterly trend.
- Quality is weaker at 5/20; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
49.9
PB
5.5
EV/EBITDA
34.6
ROE
10.7%
ROCE
16.4%
FCF Yield
1.3%
Debt/Equity
0.0
MoS
+30.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
49
Previous: 49
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+30.1%
Previous: +30.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
48
48
48
49
48
46
48
49
49
49
49
49
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹90.92
-57.7% MoS
Growth-justified P/E
32.1
Growth-justified Value
₹205.12
+30.1% MoS
PEG
0.82
Comparable companies
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
AIRAN
Small
Airan Limited
IT Services / Digital
match 150
36
11.8
4.4%
-4%
WATCHLIST
QUADPRO
SME
Quadpro ITeS Ltd.
IT Services / Digital
match 141
10
126.0
0.8%
-5248%
OVERVALUED
RSYSTEMS
Small
R Systems International Limited
IT Services / Digital
match 139
63
14.1
24.4%
+51%
UNDERVALUED
SANDHAR
Small
Sandhar Technologies Limited
IT Services / Digital
match 138
53
15.9
11.5%
+53%
FAIR VALUE
NIITMTS
Small
NIIT Learning Systems Limited
IT Services / Digital
match 138
67
12.0
15.5%
+67%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
BLS E-Services Limited operates in ITeS, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
83Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 95th percentile of the scored universe and 92nd percentile within IT. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
29 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
95th percentile
overall median 67 · IT: 92nd pctile, median 69 · Small: 96th pctile, median 66
Evidence depth
Financial-only
29 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
90
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 71.9%.
- ▸Promoter pledge is zero.
- ▸Promoter holding increased 3%.
- ▸FCF yield is positive at 1.3%.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching BLS E-Services Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association 16 Sep - Shareholders approved MOA capital clause change for share split on September 15, 2026.
Source: Bse
Annual reportSep 2026
Sep 2026 · Intimation Under Regulation 30 And 36(1)(B) Of SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations') - Letter To Shareholders For Annual Report Web-Link 21 Aug - BLS E-Services will hold 10th AGM on September 15, 2026; annual report FY2025-26 web-link shared.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 6 Aug - Board approved Q1 FY26 results, 1:2 share split, two independent directors, Deputy CEO appointment, and AGM on Sept 15, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Restructuring 29 Sep - ATPL to sell JLG lending business to TVAM for Rs 59.49 lakh; completion expected in 90 days.
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Aug - In continuation of the Company's earlier announcement dated August 18, 2026, we hereby submit the newsppaer publications published in Jansatta (Hindi Language, Delhi Edition) on …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Aug - Company is submitting a copy of the advertisement published in the Newspapers viz. The Financial Express (in English language with all edition) and in Jansatta …
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Updates on Acquisition 2 Jul - BLS E-Services completed 100% acquisition of Atyati Technologies for Rs.156.82 crore on July 2, 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 2 Jul - BLS E-Services acquired 100% stake in Atyati Technologies for ~₹157 crore on July 2, 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 18 May - FY26 audited results approved; 5% final dividend; Atyati acquisition revised to Rs 156.82 crore by July 31, 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Aug - Company is submitting copies of Newspaper advertisement of Un-audited Financial Results of the Company for the First quarter ended on June 30, 2026.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.