# BLS E-Services share price today (BLS E-Services Ltd, NSE: BLSE)

> BLS E-Services share price today: ₹147.30 at the NSE close on 3 November 2026, up 68.7% in a year. BLS E-Services (NSE: BLSE) is worth ₹2,673 crore, trades at a P/E of 46.0 and has closed between ₹65.73 and ₹163.13 over the past 52 weeks. > BLS E-Services Ltd's share price has risen faster than its earnings: +68.7% in a year, against +9.3% for earnings per share. BLSE · IT - Software · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/bls-e-services-ltd

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹147.30 (+68.7% in a year)
- P/E: 46.0× (higher than 65% of the last 2.7 years)
- Revenue (Jun 2026): ₹304 Cr (+24.6% on a year ago)
- Profit (Jun 2026): ₹19.0 Cr (+5.6% on a year ago)
- Operating margin: 7.0% (flat on a year ago)
- ROCE: 16%, FY26
- Profit that came in as cash: 85%, last 3 years

The main question: the share price moved +68.7% in a year while yearly earnings per share moved +9.3%. The difference came from the market paying a higher multiple. ## What is the BLS E-Services share price today? BLS E-Services Ltd's share price was ₹147.30 at the close on 3 November 2026. It has been rising for 23 weeks. That is 15.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹66 and ₹163, and at that close it sat 84% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 36 weeks in a row. Over the last 2.7 years the share price moved −14% while the NIFTY 500 moved +10%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at BLS E-Services this quarter? Three changes stood out: profit up on a year earlier for 9 quarters in a row, promoters raised their stake for 3 quarters in a row and revenue up on a year earlier for 7 quarters in a row. 1. Profit up on a year earlier for 9 quarters in a row In the June 2026 quarter profit was ₹19 crore, +5.6% on a year earlier. Why: Profit rose because the company made more money on each transaction and kept expenses down. Next results: check whether more of the extra revenue turns into profit after the Atyati business is folded in. From the earnings call on 29 Sep 2026. 2. Promoters raised their stake for 3 quarters in a row From 68.9% to 72.5% of the company by the September 2026 quarter. 3. Revenue up on a year earlier for 7 quarters in a row In the June 2026 quarter revenue was ₹304 crore, +24.6% on a year earlier. Why: Revenue rose because the company disbursed more loans and its retail volumes grew. Next results: check whether the main bank-service network and acquired businesses keep growing revenue. From the earnings call on 29 Sep 2026. ## What are BLS E-Services' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), BLS E-Services reported revenue of ₹304 crore, up 24.6% from ₹244 crore a year earlier, and a profit of ₹19.0 crore, up 5.6% from ₹18.0 crore. ### BLS E-Services results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹304 crore | ₹244 crore | +24.6% |
| Profit | ₹19.0 crore | ₹18.0 crore | +5.6% |
| Earnings per share | ₹0.84 | ₹0.81 | +3.7% |
| Operating margin | 7.0% | 7.0% | 0.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). BLS E-Services' management discussed these results on a call held on 29 September 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the BLS E-Services share price history? BLS E-Services closed at ₹147.30 on 3 November 2026, up 68.7% from ₹87.31 a year earlier (31 October 2025). Its highest weekly close since February 2024 was ₹194.32 on 23 February 2024. ### BLS E-Services share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹145.90 | +1.0% |
| 1 month ago · 1 Oct 2026 | ₹161.03 | −8.5% |
| 6 months ago · 30 Apr 2026 | ₹98.78 | +49.1% |
| 1 year ago · 31 Oct 2025 | ₹87.31 | +68.7% |
| Earliest weekly close in our records · 9 Feb 2024 | ₹172.18 | −14.4% |
| Highest weekly close since February 2024 · 23 Feb 2024 | ₹194.32 | −24.2% |
| Lowest weekly close since February 2024, also the 52-week low · 6 Mar 2026 | ₹65.73 | +124.1% |
| 52-week high (weekly close) · 28 Aug 2026 | ₹163.13 | −9.7% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (151 weekly closes from 9 February 2024 to 3 November 2026.)

## What is the latest news on BLS E-Services? 3 Nov 2026: BLS E-Services closed at ₹147.30, up 1.0% on the week and down 8.5% on the month. 6 Oct 2026: Share split: face value cut from ₹10 to ₹5 a share (ex-date). ### Earlier

- 29 Sep 2026: BLS E-Services held its results call for April to June 2026. Management guided: Continue growing organic BC volumes and acquired businesses. - 8 Sep 2026: ex-date for a dividend of ₹0.50 a share. - Results for April to June 2026: Revenue up 24.6% and profit up 5.6% on a year earlier. - Our read, 31 May 2026: High-velocity revenue platform at a critical margin inflection, BC scale has been won; the question is whether operating profit leverage follows in FY27. - 13 Feb 2026: ex-date for an interim dividend of ₹0.50 a share. ### Our read of the business

Latest quarter: Record revenue ₹323 Cr, operating margin stays at 6% floor, margin story pending. (Our read after the latest results, written 31 May 2026.)

## What dividend does BLS E-Services pay? BLS E-Services paid ₹0.50 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 0.34% at the ₹147.30 close on 3 November 2026. The last was a dividend of ₹0.50 a share, ex-date 8 September 2026. ### BLS E-Services dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 8 Sep 2026 | ₹0.50 | Dividend | same day |
| 13 Feb 2026 | ₹0.50 | Interim | same day |
| 8 Sep 2025 | ₹1 | Dividend | 9 Sep 2025 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 2 of the last 12 months' payments came before a split or bonus; the 12-month total above is on today’s share count. 1 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. BLS E-Services Ltd paid out 16% of its profit as dividends in FY26, and it paid a dividend in 2 of its last 6 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did BLS E-Services management say on the latest results call? On the call for April to June 2026, held on 29 September 2026, BLS E-Services' management guided: Continue growing organic BC volumes and acquired businesses. > “When we valued the company, we did not assign any value to the JLG business, with the understanding that we would not continue with this loss-making business.”
> Amit Sudhakar, on the call for April to June 2026

### What management guided

- Increase wallet share through additional services and partner offerings. - Pursue additional government empanelments and tenders. - Continue technology spending and evaluate strategic inorganic opportunities as they arise. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/56869-29-Sep-2026.pdf). (From the call for April to June 2026, 29 September 2026.)

## What is the future of BLS E-Services? What is changing in the business? What is changing at BLS E-Services, from the latest results and calls: bc network scale + atyati integration, digital india / financial inclusion structural tailwind and bfsi cross-sales layer (new partnerships). - BC Network Scale + Atyati Integration. Aadifidelis BC consolidation drove 115% last 12 months revenue growth; Atyati adds 25,900 CSPs to reach 70,000+ network and unlocks digital lending. ⚠ estimate
- Digital India / Financial Inclusion Structural Tailwind. Government DBT disbursals (₹1,00,000 Cr processed), BC industry 19% yearly growth, Digital India mandates create durable volume floor. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the latest results, written 31 May 2026.)

## What could change the BLS E-Services story? What are the risks? Operating margin compressed 1,119 basis points in 6 quarters; if BC margins stay at 6-7%, profit margin is structurally 5-6% regardless of revenue scale. ### The main risks

- Structural Margin Compression, BC Mix Dilution Permanent: Operating margin compressed 1,119 basis points in 6 quarters; if BC margins stay at 6-7%, profit margin is structurally 5-6% regardless of revenue scale. ⚠ estimate
- Zero Institutional Participation, Weak Price Support: FII stake fell from 9.27% (Mar 2024) to 0.99% (Dec 2025); MF having 0%; 2-year return -27.5% vs Nifty. ⚠ estimate
- Atyati Integration Execution Risk + IPO Proceeds Diversion: Atyati closing slipped to Jul 2026; IPO proceeds diverted via EGM; integration of 25,900 CSPs across 28 states carries operational complexity. ⚠ estimate
- Regulatory / Government Contract Dependency: G2C revenues tied to government e-governance contracts; any CSC policy shift or MeitY budget cut directly impacts volumes. ⚠ estimate

(Our read after the latest results, written 31 May 2026.)

## What to watch in BLS E-Services' next results? When BLS E-Services reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Atyati retained-business contribution - check revenue, operating margin, and profit conversion after integration. - What to check (from the call)
- Atyati retained-business contribution - check revenue, operating margin, and profit conversion after integration. - JLG transfer to the director-linked company - check completion and any additional economics or governance explanation. - AdiFidelis working-capital absorption - check whether operating cash conversion improves as connector advances scale. - Consolidated attrition discrepancy - check methodology and management's corrected employee-turnover figure. ## Which stock lists is BLS E-Services on? BLS E-Services is on 2 of our India lists: Momentum stocks and IT stocks. - [Momentum stocks Market cap cr: 2767.3800476676884](https://www.sectoralpha.in/momentum-stocks-india)
- [IT stocks Market value (₹ crore): 2767.3800476676884](https://www.sectoralpha.in/sectors/it-stocks-india)

## Is BLS E-Services profitable? BLS E-Services Ltd earned ₹19.0 Cr of net profit in the Jun 2026 quarter, +5.6% on the same quarter a year earlier. That is the 9th quarter in a row of profit growth. Full-year FY26 profit was ₹69.0 Cr. Over 5 years profit has grown 87.2% a year on average. That is 6.3% of the quarter's revenue. The same quarter a year earlier earned ₹18.0 Cr. For the full year, FY26 profit was ₹69.0 Cr (+16.9% on the year before). Why profit moved: revenue changed +24.6% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +9.7% and revenue +107.5%. Profit is growing slower than sales: rising costs are taking part of the growth. FY26-Q4. Record revenue ₹323 Cr, OPM stays at 6% floor, margin story pending

Why-sources: our stock research file (31 May 2026) and the company’s own results for those quarters. ## How much revenue does BLS E-Services make, and is it growing? BLS E-Services Ltd reported ₹304 Cr of revenue in the Jun 2026 quarter, +24.6% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 5 years it has grown 77.2% a year on average. The last full year, FY26, came in at ₹1,118 Cr. Why this happened. BLS has processed ₹1,00,000 Cr+ in Direct Benefit Transfer payouts and opened 12 lakh new BSBD accounts. India's BC industry is projected to exceed ₹14,700 Cr by FY25 at 19% CAGR with 13.5 lakh active BCs nationwide, BLSE is building toward the top 1% of this base. Government e-governance contracts are long-tenor, volume-linked and sticky. This driver is STRUCTURAL and provides the volume floor; it does not determine margins. The last four reported quarters add to ₹1,178 Cr. FY26 revenue was ₹1,118 Cr, +115.4% on the year before. Recent pace: the last four quarters grew +107.5% on average, against 77.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +71.2%, against +97.5% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +9.4%, against +30.7% a year (rolling over). FY26-Q4. Record revenue ₹323 Cr, OPM stays at 6% floor, margin story pending

Why-sources: our stock research file (31 May 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does BLS E-Services keep? BLS E-Services Ltd's operating margin was 7.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 6 years it has been between 7.0% and 14.0%. The latest quarter is within that range. In the latest quarter it moved +0.0 percentage points on the same quarter a year ago. Why the margin moved: operating margin changed −0.3 percentage points on the year while gross margin changed −0.2 points. So the drop came mostly from the gross margin, which means input costs and prices charged. FY26-Q4. Record revenue ₹323 Cr, OPM stays at 6% floor, margin story pending

Why-sources: our stock research file (31 May 2026) and the company’s own results for those quarters. ## Is BLS E-Services' profit turning into cash? Over the last 3 years, 85% of BLS E-Services Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹51.0 Cr of operating cash against ₹69.0 Cr of profit. After ₹11.0 Cr of spending on assets, ₹40.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 85% of profit came in as cash: the cash cycle got 11 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 8.1× depreciation over three years. The next section checks what that spending is building. ## Where does BLS E-Services' cash go? BLS E-Services Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 39 days in FY26, down from 50 days in FY21. It spent ₹122 Cr on assets over the last 3 years. At FY26 sales of ₹1,118 Cr, each day of that cycle ties up about ₹3.1 Cr, so roughly ₹119 Cr is tied up in the business at any time. Spending on assets: ₹122 Cr over the last 3 years, against ₹15.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹15.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is BLS E-Services' P/E ratio, and how does it compare with its own history? BLS E-Services Ltd's P/E is 46.0×, in the middle of its own history: higher than 65% of past readings. Its usual P/E (the middle reading) is 36.5×, over 2.7 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +9.3% while the price moved +68.7%. The price did better than earnings, which pushed the multiple up within its own range. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 19% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What growth does the BLS E-Services share price assume? Worked out from its price on 20 July 2026, BLS E-Services Ltd's share price assumed profit growth of about 21.4% a year. Over the past 5 years its profit actually grew 87.2% a year. Today its P/E is 46.0×, higher than 65% of its own last 2.7 years. This is a one-day reading, taken on 20 July 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the BLS E-Services business getting better or worse? BLS E-Services Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: revenue growth has eased from +192.1% at its peak to +71.2%, but the business is still expanding, with ROCE falling at 16.0%. This is based on 8 quarters of 4 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## What is the BLS E-Services story, and has it been checked? BLS E-Services Ltd's story is not scored yet against the checks our research set on 31 May 2026. Where it sits in its own cycle: COMPRESSION WITH STAGNANT EPS. Still open: OPM compressed 1,119 bps in 6 quarters; if BC margins stay at 6-7%, PAT margin is structurally 5-6% regardless of revenue scale. Our read, 31 May 2026. High-velocity revenue platform at a critical margin inflection, BC scale has been won; the question is whether EBITDA leverage follows in FY27. From the numbers. From the price. Price stage 2, week 19, above its 200-day line, relative strength rising. From the research. High-velocity revenue platform at a critical margin inflection, BC scale has been won; the question is whether EBITDA leverage follows in FY27. Where they disagree. The MIXED decomposition flag is appropriate: price fell, EPS grew modestly, OPM contracted. 20th percentile historically. What is proven. High-velocity revenue platform at a critical margin inflection, BC scale has been won; the question is whether EBITDA leverage follows in FY27. What is not proven yet. OPM compressed 1,119 bps in 6 quarters; if BC margins stay at 6-7%, PAT margin is structurally 5-6% regardless of revenue scale. Sources: our stock research file (31 May 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## What is BLS E-Services management's track record? Short post-IPO (2024) history limits down-cycle observation; capital re-purposing reduces use-of-funds predictability. ### Regulatory and governance record

No SEBI order against the company; the only fraud-keyword hit was a false-positive on the U.S. Bureau of Labor Statistics (BLS) public scam-advisory page. 0% Promoter shares pledged

Sources:

- [sebi.gov.in](https://www.sebi.gov.in/sebiweb/home/HomeAction.do?doListing=yes&sid=2&ssid=9&smid=6)
- [moneycontrol.com](https://www.moneycontrol.com/india/stockpricequote/online-services/blse-services/BEL)

(Checked 7 June 2026.)

## How much does BLS E-Services earn on its capital? BLS E-Services Ltd earned a ROCE of 16% in FY26. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 6.2% net margin and 1.47× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 6.2% net margin × 1.47× asset turnover × 1.46× leverage (assets divided by equity) ≈ 13.3% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 19% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does BLS E-Services have too much debt? BLS E-Services Ltd had ₹6.0 Cr of borrowings against ₹523 Cr of equity in FY26, so its debt is 0.01× its equity. Its operating profit is 75 times its interest bill. Over 5 years borrowings went from ₹11.0 Cr to ₹6.0 Cr. Over the last 3 of those years it spent ₹122 Cr on assets. The spending on assets is being paid for from cash, not new debt. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 19% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the BLS E-Services shareholding pattern? Promoters raised their stake in BLS E-Services Ltd by 3.6 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 72.5% of the company. Foreign institutions moved +1.1 points over the same period, to 2.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why this happened. The Business Correspondent segment became the dominant revenue driver after Aadifidelis Solutions was consolidated in Dec 2024. Q2 FY26 highlighted the step-change: total income surged 226.8% YoY to ₹276 Cr while GTV reached ₹27,300+ Cr. The Atyati acquisition (Feb 2026, closing Jul 2026) adds Bengaluru-based technology for doorstep banking across 1 lakh villages in 28 states. The combined network (70,000+ touchpoints) is designed to enable micro-lending, currently accounting for ₹8,600 Cr of GTV, at higher margins than pure transaction facilitation. Over the last two years: Promoters: +3.6 points over 8 quarters, to 72.5%; Foreign institutions: +1.1 points over 8 quarters, to 2.5%; Domestic institutions: +0.0 points over 8 quarters, to 0.0%. Why the owners changed: promoters drove it (+3.6 points), together with foreign institutions (+1.1 points). They raised their stake step by step. ## How far is BLS E-Services from balance-sheet trouble? For BLS E-Services Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. Why this happened. Q2 FY26 saw new BFSI partnerships with Aditya Birla Capital, Piramal Finance, and Asit C. Mehta Investment Intermediaries. These financial product partnerships goal loan distribution and insurance cross-sales through the existing network, activities that generate significantly higher commissions than vanilla BC transactions. GTV from loan distribution was ₹8,600 Cr in Q2 FY26. This is the mechanism through which margins could recover: more BFSI revenue per touchpoint, not just more touchpoints. ## How does BLS E-Services rank in its industry? 50.5 out of 100, rank 34 of 69 in IT - Software, with 78% of the evidence available. BLS E-Services Ltd scores 50.5 out of 100 against the 69 companies it is compared with in IT - Software, ranking 34. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 18.5 + 10.7 + 7.6 + 13.7 = 50.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is BLS E-Services compared with? BLS E-Services ranks 34 of 69 IT - Software companies on the 4-Factor Sector Score, with 50.5 out of 100. 1. [Coforge Ltd](https://www.sectoralpha.in/stocks/coforge-ltd) COFORGE · leader · Most evidence points up · 100% evidence 69.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/35 · Revenue 41.5% · Profit 56.3% · Operating margin change 1 points · 100% evidence Capital efficiency 16.5/25 · ROCE 23.5% · Operating margin 20% · 100% evidence Valuation 11.3/20 · P/E 41.7× · PEG 0.57 · 100% evidence Relative strength 18.5/20 · Lead over its industry 24.5% · Lead over NIFTY 500 35.5% · 1 year 15% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.4 + 16.5 + 11.3 + 18.5 = 69.7 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Expleo Solutions Ltd](https://www.sectoralpha.in/stocks/expleo-solutions-ltd) EXPLEOSOL · breaking out · Most evidence points up · 81% evidence 68.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 10.4% · Profit 39.4% · Operating margin change 4 points · 88% evidence Capital efficiency 15.4/25 · ROCE 24.2% · Operating margin 15% · 100% evidence Valuation 18.7/20 · P/E 8.5× · PEG 0.33 · 100% evidence Relative strength 9.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.7% · 1 year -20.7% · 25% evidence · 8 of 12 weeks ahead Exact sum: 24.6 + 15.4 + 18.7 + 9.6 = 68.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Cigniti Technologies Ltd](https://www.sectoralpha.in/stocks/cigniti-technologies-ltd) CIGNITITEC · Too little evidence to rank firmly · 55% evidence 68.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.8/43.75 · Revenue 14% · Profit 96.1% · Operating margin change 2 points · 47% evidence Capital efficiency 20.9/31.25 · ROCE 34.1% · Operating margin 18% · 75% evidence Valuation 19.5/25 · P/E 11.4× · PEG 0.74 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 27.8 + 20.9 + 19.5 = 68.2 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Metalic Technoforge Ltd](https://www.sectoralpha.in/stocks/metalic-technoforge-ltd) META · turning · Too little evidence to rank firmly · 51% evidence 67.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.8/43.75 · Revenue 100% · Profit 100% · Operating margin change 0 points · 83% evidence Capital efficiency 20.2/31.25 · ROCE 44% · Operating margin 11% · 76% evidence Valuation 14.3/25 · P/E 6.6× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 32.8 + 20.2 + 14.3 = 67.3 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [Sahana Systems Ltd](https://www.sectoralpha.in/stocks/sahana-systems-ltd) SAHANA · leader · Too little evidence to rank firmly · 54% evidence 66.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.4/35 · Revenue 100% · Profit 100% · Operating margin change -3 points · 27% evidence Capital efficiency 18.4/25 · ROCE 39.8% · Operating margin 29% · 57% evidence Valuation 12.0/20 · P/E 14.5× · PEG n/a · 50% evidence Relative strength 17.2/20 · Lead over its industry 12.3% · Lead over NIFTY 500 22.7% · 1 year 5.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 18.4 + 18.4 + 12 + 17.2 = 66 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [Silver Touch Technologies Ltd](https://www.sectoralpha.in/stocks/silver-touch-technologies-ltd) SILVERTUC · quiet · Most evidence points up · 100% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.9/35 · Revenue 21.7% · Profit 88% · Operating margin change 5 points · 100% evidence Capital efficiency 21.3/25 · ROCE 29.8% · Operating margin 21% · 100% evidence Valuation 11.2/20 · P/E 31.6× · PEG 1.11 · 100% evidence Relative strength 3.0/20 · Lead over its industry -21.7% · Lead over NIFTY 500 -13.9% · 1 year 52.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 29.9 + 21.3 + 11.2 + 3 = 65.4 · What this means: Earnings are strong; relative strength in its sector is -21.7% and the one-year return is 52.9%. 7. [NINtec Systems Ltd](https://www.sectoralpha.in/stocks/nintec-systems-ltd) NINSYS · turning · Most evidence points up · 93% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.2/35 · Revenue 18.8% · Profit 23.3% · Operating margin change 2 points · 100% evidence Capital efficiency 22.4/25 · ROCE 54% · Operating margin 27% · 100% evidence Valuation 6.6/20 · P/E 48.1× · PEG 2.08 · 65% evidence Relative strength 18.2/20 · Lead over its industry 57.5% · Lead over NIFTY 500 70.4% · 1 year 113.7% · 100% evidence · 4 of 12 weeks ahead Exact sum: 18.2 + 22.4 + 6.6 + 18.2 = 65.4 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 8. [Unified Data- Tech Solutions Ltd](https://www.sectoralpha.in/stocks/unified-data-tech-solutions-ltd) breaking out · Too little evidence to rank firmly · 56% evidence 63.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue n/a · Profit n/a · Operating margin change 2 points · 26% evidence Capital efficiency 18.4/25 · ROCE 34.1% · Operating margin 15% · 95% evidence Valuation 10.2/20 · P/E 17.3× · PEG n/a · 15% evidence Relative strength 17.8/20 · Lead over its industry 11.5% · Lead over NIFTY 500 22% · 1 year -7.6% · 100% evidence · 8 of 12 weeks ahead Exact sum: 17 + 18.4 + 10.2 + 17.8 = 63.4 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [ASM Technologies Ltd](https://www.sectoralpha.in/stocks/asm-technologies-ltd) leader · Evidence leans up · 61% evidence 63.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.1/35 · Revenue 67.8% · Profit 89.5% · Operating margin change 2 points · 83% evidence Capital efficiency 16.0/25 · ROCE 27% · Operating margin 23% · 95% evidence Valuation 8.7/20 · P/E 124× · PEG n/a · 15% evidence Relative strength 12.3/20 · Lead over its industry n/a · Lead over NIFTY 500 66.2% · 1 year 78.6% · 25% evidence · 12 of 12 weeks ahead Exact sum: 26.1 + 16 + 8.7 + 12.3 = 63.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Tanla Platforms Ltd](https://www.sectoralpha.in/stocks/tanla-platforms-ltd) TANLA · turning · Evidence leans up · 85% evidence 62.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 17.7% · Profit 15.4% · Operating margin change 0 points · 100% evidence Capital efficiency 18.4/25 · ROCE 26.3% · Operating margin 16% · 100% evidence Valuation 14.0/20 · P/E 15× · PEG 1.07 · 100% evidence Relative strength 11.7/20 · Lead over its industry n/a · Lead over NIFTY 500 26.7% · 1 year 2.8% · 25% evidence · 3 of 12 weeks ahead Exact sum: 18.7 + 18.4 + 14 + 11.7 = 62.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [String Metaverse Ltd](https://www.sectoralpha.in/stocks/string-metaverse-ltd) breaking out · Evidence leans up · 83% evidence 62.5 out of 100 Growth Capital Valuation Relative
12. [Tech Mahindra Ltd](https://www.sectoralpha.in/stocks/tech-mahindra-ltd) TECHM · leader · Evidence leans up · 85% evidence 62.1 out of 100 Growth Capital Valuation Relative
13. [Infosys Ltd](https://www.sectoralpha.in/stocks/infosys-ltd) INFY · breaking out · Evidence leans up · 82% evidence 61.7 out of 100 Growth Capital Valuation Relative
14. [InfoBeans Technologies Ltd](https://www.sectoralpha.in/stocks/infobeans-technologies-ltd) INFOBEAN · quiet · Evidence leans up · 100% evidence 61.6 out of 100 Growth Capital Valuation Relative
15. [Zensar Technologies Ltd](https://www.sectoralpha.in/stocks/zensar-technologies-ltd) ZENSARTECH · turning · Evidence leans up · 100% evidence 61.6 out of 100 Growth Capital Valuation Relative
16. [Tata Consultancy Services Ltd](https://www.sectoralpha.in/stocks/tata-consultancy-services-ltd) TCS · breaking out · Evidence leans up · 100% evidence 60.9 out of 100 Growth Capital Valuation Relative
17. [Sasken Technologies Ltd](https://www.sectoralpha.in/stocks/sasken-technologies-ltd) SASKEN · turning · Evidence leans up · 100% evidence 60.8 out of 100 Growth Capital Valuation Relative
18. [Birlasoft Ltd](https://www.sectoralpha.in/stocks/birlasoft-ltd) BSOFT · breaking out · Evidence leans up · 100% evidence 59.6 out of 100 Growth Capital Valuation Relative
19. [Seshaasai Technologies Ltd](https://www.sectoralpha.in/stocks/seshaasai-technologies-ltd) STYL · quiet · Evidence leans up · 68% evidence 59.6 out of 100 Growth Capital Valuation Relative
20. [Xchanging Solutions Ltd](https://www.sectoralpha.in/stocks/xchanging-solutions-ltd) XCHANGING · quiet · Evidence leans up · 85% evidence 59.1 out of 100 Growth Capital Valuation Relative
21. [RNIT AI Solutions Ltd](https://www.sectoralpha.in/stocks/rnit-ai-solutions-ltd) AUTOPALIND · breaking out · Evidence leans up · 69% evidence 59.1 out of 100 Growth Capital Valuation Relative
22. [Danlaw Technologies India Ltd](https://www.sectoralpha.in/stocks/danlaw-technologies-india-ltd) breaking out · Evidence leans up · 68% evidence 58.8 out of 100 Growth Capital Valuation Relative
23. [Softtech Engineers Ltd](https://www.sectoralpha.in/stocks/softtech-engineers-ltd) SOFTTECH · breaking out · Evidence leans up · 79% evidence 58.3 out of 100 Growth Capital Valuation Relative
24. [R Systems International Ltd](https://www.sectoralpha.in/stocks/r-systems-international-ltd) RSYSTEMS · losing its lead · Evidence leans up · 96% evidence 57.1 out of 100 Growth Capital Valuation Relative
25. [HCL Technologies Ltd](https://www.sectoralpha.in/stocks/hcl-technologies-ltd) HCLTECH · leader · Evidence leans up · 82% evidence 56.7 out of 100 Growth Capital Valuation Relative
26. [Datamatics Global Services Ltd](https://www.sectoralpha.in/stocks/datamatics-global-services-ltd) DATAMATICS · quiet · Evidence leans up · 81% evidence 55.8 out of 100 Growth Capital Valuation Relative
27. [Wipro Ltd](https://www.sectoralpha.in/stocks/wipro-ltd) WIPRO · turning · Evidence leans up · 100% evidence 55.4 out of 100 Growth Capital Valuation Relative
28. [Subex Ltd](https://www.sectoralpha.in/stocks/subex-ltd) SUBEXLTD · breaking out · Evidence leans up · 64% evidence 54.2 out of 100 Growth Capital Valuation Relative
29. [Ksolves India Ltd](https://www.sectoralpha.in/stocks/ksolves-india-ltd) KSOLVES · quiet · Evidence leans up · 100% evidence 52.8 out of 100 Growth Capital Valuation Relative
30. [Capillary Technologies India Ltd](https://www.sectoralpha.in/stocks/capillary-technologies-india-ltd) CAPILLARY · breaking out · Too little evidence to rank firmly · 59% evidence 52.6 out of 100 Growth Capital Valuation Relative
31. [LTM Ltd](https://www.sectoralpha.in/stocks/ltm-ltd) LTM · losing its lead · Evidence leans up · 100% evidence 51.2 out of 100 Growth Capital Valuation Relative
32. [TechNVision Ventures Ltd](https://www.sectoralpha.in/stocks/technvision-ventures-ltd) TECHNVISN · quiet · Evidence leans up · 64% evidence 51.2 out of 100 Growth Capital Valuation Relative
33. [Saksoft Ltd](https://www.sectoralpha.in/stocks/saksoft-ltd) SAKSOFT · basing · Evidence leans up · 96% evidence 50.9 out of 100 Growth Capital Valuation Relative
34. BLS E-Services Ltd this page BLSE · leader · Evidence leans up · 78% evidence 50.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.5/35 · Revenue 71.2% · Profit 9.4% · Operating margin change 0 points · 83% evidence Capital efficiency 10.7/25 · ROCE 16.4% · Operating margin 7% · 76% evidence Valuation 7.6/20 · P/E 45.9× · PEG n/a · 50% evidence Relative strength 13.7/20 · Lead over its industry 25.1% · Lead over NIFTY 500 35.4% · 1 year 68.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 18.5 + 10.7 + 7.6 + 13.7 = 50.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 35. [Mphasis Ltd](https://www.sectoralpha.in/stocks/mphasis-ltd) MPHASIS · breaking out · Evidence leans up · 81% evidence 50.4 out of 100 Growth Capital Valuation Relative
36. [Excelsoft Technologies Ltd](https://www.sectoralpha.in/stocks/excelsoft-technologies-ltd) EXCELSOFT · breaking out · Too little evidence to rank firmly · 59% evidence 50.3 out of 100 Growth Capital Valuation Relative
37. [Blue Cloud Softech Solutions Ltd](https://www.sectoralpha.in/stocks/blue-cloud-softech-solutions-ltd) BLUECLOUDS · turning · Evidence leans down · 64% evidence 49.9 out of 100 Growth Capital Valuation Relative
38. [ACS Technologies Ltd](https://www.sectoralpha.in/stocks/acs-technologies-ltd) ACSTECH · Evidence leans down · 74% evidence 49.5 out of 100 Growth Capital Valuation Relative
39. [Magellanic Cloud Ltd](https://www.sectoralpha.in/stocks/magellanic-cloud-ltd) MCLOUD · basing · Evidence leans down · 81% evidence 49.2 out of 100 Growth Capital Valuation Relative
40. [Dynacons Systems & Solutions Ltd](https://www.sectoralpha.in/stocks/dynacons-systems-solutions-ltd) DSSL · quiet · Evidence leans down · 96% evidence 48.6 out of 100 Growth Capital Valuation Relative
41. [IZMO Ltd](https://www.sectoralpha.in/stocks/izmo-ltd) IZMO · quiet · Evidence leans down · 81% evidence 48.0 out of 100 Growth Capital Valuation Relative
42. [Mastek Ltd](https://www.sectoralpha.in/stocks/mastek-ltd) MASTEK · quiet · Evidence leans down · 100% evidence 47.1 out of 100 Growth Capital Valuation Relative
43. [Sonata Software Ltd](https://www.sectoralpha.in/stocks/sonata-software-ltd) SONATSOFTW · quiet · Evidence leans down · 96% evidence 46.9 out of 100 Growth Capital Valuation Relative
44. [AvenuesAI Ltd](https://www.sectoralpha.in/stocks/avenuesai-ltd) CCAVENUE · quiet · Evidence leans down · 89% evidence 44.8 out of 100 Growth Capital Valuation Relative
45. [Unicommerce eSolutions Ltd](https://www.sectoralpha.in/stocks/unicommerce-esolutions-ltd) UNIECOM · turning · Evidence leans down · 78% evidence 44.6 out of 100 Growth Capital Valuation Relative
46. [Hexaware Technologies Ltd](https://www.sectoralpha.in/stocks/hexaware-technologies-ltd) HEXT · basing · Evidence leans down · 85% evidence 42.0 out of 100 Growth Capital Valuation Relative
47. [Allied Digital Services Ltd](https://www.sectoralpha.in/stocks/allied-digital-services-ltd) ADSL · basing · Evidence leans down · 74% evidence 41.1 out of 100 Growth Capital Valuation Relative
48. [Hypersoft Technologies Ltd](https://www.sectoralpha.in/stocks/hypersoft-technologies-ltd) quiet · Evidence leans down · 80% evidence 40.9 out of 100 Growth Capital Valuation Relative
49. [Kellton Tech Solutions Ltd](https://www.sectoralpha.in/stocks/kellton-tech-solutions-ltd) KELLTONTEC · quiet · Evidence leans down · 96% evidence 39.0 out of 100 Growth Capital Valuation Relative
50. [3i Infotech Ltd](https://www.sectoralpha.in/stocks/3i-infotech-ltd) 3IINFOLTD · Too little evidence to rank firmly · 58% evidence 38.9 out of 100 Growth Capital Valuation Relative
51. [Innovana Thinklabs Ltd](https://www.sectoralpha.in/stocks/innovana-thinklabs-ltd) INNOVANA · basing · Evidence leans down · 81% evidence 37.6 out of 100 Growth Capital Valuation Relative
52. [Mindteck (India) Ltd](https://www.sectoralpha.in/stocks/mindteck-indialtd) MINDTECK · Most evidence points down · 76% evidence 32.8 out of 100 Growth Capital Valuation Relative
53. [Aurionpro Solutions Ltd](https://www.sectoralpha.in/stocks/aurionpro-solutions-ltd) AURIONPRO · basing · Most evidence points down · 93% evidence 29.7 out of 100 Growth Capital Valuation Relative
54. [Moschip Technologies Ltd](https://www.sectoralpha.in/stocks/moschip-technologies-ltd) MOSCHIP · quiet · Most evidence points down · 65% evidence 26.1 out of 100 Growth Capital Valuation Relative
55. [Quick Heal Technologies Ltd](https://www.sectoralpha.in/stocks/quick-heal-technologies-ltd) QUICKHEAL · turning · Most evidence points down · 80% evidence 22.9 out of 100 Growth Capital Valuation Relative
56. Orient Technologies Ltd ORIENTTECH · quiet · Most evidence points down · 76% evidence 21.2 out of 100 Growth Capital Valuation Relative
57. [Covance Softsol Ltd](https://www.sectoralpha.in/stocks/covance-softsol-ltd) Too little evidence to rank firmly · 31% evidence 62.9 out of 100 Growth Capital Valuation Relative
58. [Exato Technologies Ltd](https://www.sectoralpha.in/stocks/exato-technologies-ltd) losing its lead · Too little evidence to rank firmly · 43% evidence 59.3 out of 100 Growth Capital Valuation Relative
59. [TAC Infosec Ltd](https://www.sectoralpha.in/stocks/tac-infosec-ltd) TAC · quiet · Too little evidence to rank firmly · 48% evidence 58.5 out of 100 Growth Capital Valuation Relative
60. [Veefin Solutions Ltd](https://www.sectoralpha.in/stocks/veefin-solutions-ltd) VEEFIN · basing · Too little evidence to rank firmly · 43% evidence 54.2 out of 100 Growth Capital Valuation Relative
61. [Kody Technolab Ltd](https://www.sectoralpha.in/stocks/kody-technolab-ltd) KODYTECH · leader · Too little evidence to rank firmly · 35% evidence 53.5 out of 100 Growth Capital Valuation Relative
62. [Optivalue Tek Consulting Ltd](https://www.sectoralpha.in/stocks/optivalue-tek-consulting-ltd) OPTIVALUE · Too little evidence to rank firmly · 32% evidence 51.4 out of 100 Growth Capital Valuation Relative
63. [Workmates Core2cloud Solution Ltd](https://www.sectoralpha.in/stocks/workmates-core2cloud-solution-ltd) Too little evidence to rank firmly · 26% evidence 50.7 out of 100 Growth Capital Valuation Relative
64. [Trident Techlabs Ltd](https://www.sectoralpha.in/stocks/trident-techlabs-ltd) TECHLABS · Too little evidence to rank firmly · 27% evidence 47.6 out of 100 Growth Capital Valuation Relative
65. [ERP Soft Systems Ltd](https://www.sectoralpha.in/stocks/erp-soft-systems-ltd) Too little evidence to rank firmly · 36% evidence 46.7 out of 100 Growth Capital Valuation Relative
66. [Sancode Technologies Ltd](https://www.sectoralpha.in/stocks/sancode-technologies-ltd) Too little evidence to rank firmly · 35% evidence 46.6 out of 100 Growth Capital Valuation Relative
67. [63 Moons Technologies Ltd](https://www.sectoralpha.in/stocks/63-moons-technologies-ltd) 63MOONS · leader · Too little evidence to rank firmly · 46% evidence 45.6 out of 100 Growth Capital Valuation Relative
68. [XT Global Infotech Ltd](https://www.sectoralpha.in/stocks/xt-global-infotech-ltd) XTGLOBAL · Too little evidence to rank firmly · 40% evidence 45.4 out of 100 Growth Capital Valuation Relative
69. [IDream Film Infrastructure Company Ltd](https://www.sectoralpha.in/stocks/idream-film-infrastructure-company-ltd) quiet · Too little evidence to rank firmly · 42% evidence 34.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [IT - Software](https://www.sectoralpha.in/sectors/it-software), all 69 compared on one page. ## Which companies are close to BLS E-Services in size? BLS E-Services is the 26th largest of 68 IT - Software companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Aurionpro Solutions, R Systems International and Moschip Technologies. Just below it: Sasken Technologies, TechNVision Ventures and Kody Technolab. ### IT - Software companies close in size

1. [Aurionpro Solutions Ltd](https://www.sectoralpha.in/stocks/aurionpro-solutions-ltd) ₹2,986 crore
2. [R Systems International Ltd](https://www.sectoralpha.in/stocks/r-systems-international-ltd) ₹2,972 crore
3. [Moschip Technologies Ltd](https://www.sectoralpha.in/stocks/moschip-technologies-ltd) ₹2,970 crore
4. BLS E-Services Ltd ₹2,668 crore
5. [Sasken Technologies Ltd](https://www.sectoralpha.in/stocks/sasken-technologies-ltd) ₹2,606 crore
6. [TechNVision Ventures Ltd](https://www.sectoralpha.in/stocks/technvision-ventures-ltd) ₹2,374 crore
7. [Kody Technolab Ltd](https://www.sectoralpha.in/stocks/kody-technolab-ltd) ₹2,138 crore

[All 68 IT - Software companies, largest first](https://www.sectoralpha.in/sectors/it-software#all-companies)

### Companies close in size in other industries

1. [Ganesha Ecosphere Ltd](https://www.sectoralpha.in/stocks/ganesha-ecosphere-ltd) ₹2,678 crore · Recycling
2. [Ravindra Energy Ltd](https://www.sectoralpha.in/stocks/ravindra-energy-ltd) ₹2,671 crore · Capital Goods - Electric General
3. BLS E-Services Ltd ₹2,668 crore
4. [RPSG Ventures Ltd](https://www.sectoralpha.in/stocks/rpsg-ventures-ltd) ₹2,661 crore · IT Enabled Services
5. [Balmer Lawrie & Company Ltd](https://www.sectoralpha.in/stocks/balmer-lawrie-company-ltd) ₹2,657 crore · Diversified

## What else do people ask about BLS E-Services? ### What is BLS E-Services's share price today? BLS E-Services Ltd's share price is ₹147.30, +68.7% over the past year. The whole company is worth ₹2,673 Cr on the market. In the last 52 weeks it traded between ₹66 to ₹163; today it is 84% of the way up from the low, 15.2% above its 200-day average (as of 3 November 2026). ### What were BLS E-Services's latest quarterly results? BLS E-Services Ltd reported revenue of ₹304 Cr and net profit of ₹19.0 Cr for the Jun 2026 quarter. Revenue rose 24.6% and profit rose 5.6% compared with a year earlier. Earnings per share were ₹0.84. The operating margin was 7.0%, 0.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is BLS E-Services's market cap? BLS E-Services Ltd's market capitalisation is ₹2,673 Cr at a share price of ₹147.30. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is BLS E-Services performing? BLS E-Services Ltd's share price has been rising for 23 weeks. In its latest quarter, revenue rose 24.6% and profit rose 5.6% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 36 weeks running (as of 3 November 2026). ### Will BLS E-Services's share price go up? This page does not forecast BLS E-Services Ltd's share price. What it shows instead: the share price is ₹147.30, and it has been rising for 23 weeks. Its P/E of 46.0× is higher than 65% of its own last 3 years (as of 3 November 2026). ### Who owns BLS E-Services? Promoters own 72.5% of BLS E-Services Ltd, foreign institutions 2.5%, domestic institutions 0.0% and the public 24.8% (latest quarter). The biggest change over the last two years: Promoters raised their stake by 3.6 percentage points over 8 quarters (as of 3 November 2026). ### Where is BLS E-Services in its business cycle? BLS E-Services Ltd's FY26 operating margin was 7.0%, against a 6-year range of 7.0% to 14.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 7.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the BLS E-Services story? The main question: the share price moved +68.7% in a year while yearly earnings per share moved +9.3%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is BLS E-Services a stock worth studying right now? What the numbers show: BLS E-Services Ltd's share price has risen faster than its earnings: +68.7% in a year, against +9.3% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a BLS E-Services share price forecast for 2026? What management itself guided: Continue growing organic BC volumes and acquired businesses. What is changing at BLS E-Services, from the latest results and calls: bc network scale + atyati integration, digital india / financial inclusion structural tailwind and bfsi cross-sales layer (new partnerships). What would change the story: Operating margin compressed 1,119 basis points in 6 quarters; if BC margins stay at 6-7%, profit margin is structurally 5-6% regardless of revenue scale. ### Where does this page get BLS E-Services' management information? From BLS E-Services' results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- IT stocks: https://www.sectoralpha.in/sectors/it-stocks-india

This is research, not advice. We’re not SEBI-registered.