BLS International Services Ltd is a global leader in visa and passport outsourcing services, operating in over 65 countries. Originally part of the four-decade-old BLS Group, the company provides end-to-end consular support to governments, including appointment scheduling, biometric collection, document verification, and customer service. It also offers Aadhaar enrollment, citizen services, and attestation solutions in India. Despite recent profit volatility, BLS has demonstrated strong sales growth and exceptional return ratios, making it a niche player in the global business process outsourcing (BPO) space. This article provides a data-backed outlook on the BLS International share price target 2026–2030.
BLS International Services Ltd: Company Overview
- Full Form: BLS International Services Limited
- Founded: 2001 (as part of BLS Group, est. 1980s)
- Headquarters: New Delhi, India
- Key Segments: Visa & Passport Outsourcing (70%+), Aadhaar & Citizen Services, Attestation, Document Handling
- Global Presence: Partnerships with 45+ embassies; operations in Europe, Asia, Africa, and the Americas
BLS benefits from long-term government contracts, high entry barriers, and scalable operations. Its recent win of a ₹2,000 Cr six-year Aadhaar contract (Nov 2025) underscores its dominance in public service outsourcing.
BLS International Services Ltd: Key Financial Snapshot
| Metric | Value (as of January 13, 2026) |
|---|---|
| Current Share Price | ₹264.30 |
| Market Capitalization | ₹10,894.66 Cr |
| No. of Shares Outstanding | 41.17 Cr |
| 52-Week High / Low | ₹458 / ₹260 |
| P/E Ratio (TTM) | 1,453.85 |
| P/B Ratio | 144.53 |
| EPS (TTM) | ₹0.18 |
| Book Value (TTM) | ₹1.83 |
| ROE | 24.70% |
| ROCE | 27.99% |
| Dividend Yield | 0.38% |
| Face Value | ₹1 |
| Cash | ₹47.21 Cr |
| Total Debt | ₹0 Cr |
| Sales Growth (YoY) | 16.73% |
| Profit Growth (YoY) | -40.65% |
| Promoter Holding | 70.39% |
BLS International Services Ltd Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹280 – ₹320 |
| 2027 | ₹300 – ₹350 |
| 2028 | ₹320 – ₹390 |
| 2029 | ₹340 – ₹430 |
| 2030 | ₹360 – ₹470 |
BLS International Services Ltd Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹280 | ₹320 |
BLS reported a 40.65% YoY decline in net profit due to one-time provisions and higher operational costs in new geographies. However, sales grew by 16.73%, and the company remains debt-free with strong cash flow. The extreme P/E of 1,453x reflects temporary earnings distortion—not sustainable valuation. A 2026 target of ₹280–₹320 assumes normalization of margins and execution of the Aadhaar contract.
BLS International Services Ltd Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹300 | ₹350 |
With the ₹2,000 Cr Aadhaar contract ramping up and visa volumes recovering post-pandemic, revenue visibility is strong. If EPS recovers to ₹0.25–₹0.30 by FY27 and P/E moderates to 1,000–1,200x (still rich but plausible for a high-growth BPO), the 2027 range of ₹300–₹350 is realistic.
BLS International Services Ltd Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹320 | ₹390 |
By 2028, benefits from scale, automation, and international expansion should reflect in profitability. ROCE (27.99%) and ROE (24.70%) remain industry-leading. Assuming EPS of ₹0.30–₹0.38 and P/E of 900–1,000x, the ₹320–₹390 band is justified—though highly speculative.
BLS International Services Ltd Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹340 | ₹430 |
Long-term tailwinds include digital governance, global migration trends, and India’s push for citizen service digitization. Risks include contract renewals and geopolitical disruptions. Using a P/E of 800–900x on projected EPS (~₹0.38–₹0.48), the 2029 target is ₹340–₹430.
BLS International Services Ltd Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹360 | ₹470 |
Over a five-year horizon, BLS’s value lies in its irreplaceable role in global consular services and domestic digital infrastructure. A terminal P/E of 700–800x on FY30 EPS (~₹0.45–₹0.59) supports the ₹360–₹470 range—if execution stays flawless.
BLS International Services Ltd: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters | 70.39% |
| Public & Retail | 20.31% |
| Foreign Institutional Investors (FII) | 6.37% |
| Domestic Institutional Investors (DII) | 2.93% |
| Others | 0.00% |
High promoter holding ensures strategic continuity, while retail participation reflects strong brand trust.
BLS International Services Ltd: Strengths vs Risks
Strengths:
- Monopoly-like position in visa outsourcing for key embassies
- Debt-free with ₹47 Cr cash and zero borrowings
- Industry-leading ROCE (27.99%) and ROE (24.70%)
- Secured ₹2,000 Cr Aadhaar contract (6-year visibility)
Risks:
- Extreme P/E (1,453x) and P/B (144x)—among the richest in Indian equities
- Profit declined 40.65% despite sales growth—margin pressure evident
- Heavy reliance on government contracts (renewal risk)
- Minimal dividend yield (0.38%) limits income appeal
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Very High |
| Ideal Time Horizon | 5+ years |
| Volatility | Very High (small-cap BPO stock) |
| Dividend/Income Potential | Minimal (0.38% yield) |
| Best For | Aggressive growth investors betting on global BPO and digital governance |
- Sharp profit decline (-40.65%) despite revenue growth
- Concerns over sustainability of margins
- Overvaluation concerns in small-cap BPO space
- Visa & passport application processing
- Aadhaar enrollment & update services
- Document attestation & apostille
- Citizen service centers (CSC) for state governments
- Biometric and background verification
Final Verdict
BLS International is a high-quality operator in a niche, high-barrier segment. However, its sky-high valuation demands flawless execution. Our BLS share price target 2026–2030 (₹280 to ₹470) reflects cautious optimism—rooted in contract visibility, not current earnings. Suitable only for aggressive investors with multi-year horizons and high risk tolerance.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – BLS International Consolidated Page (FY2025 + TTM)
- Finology Ticker – BLS Financial Ratios & Valuation
- BLS Investor Presentation (Q2 FY26, Nov 2025)
- BSE India – Annual Report FY2025
- Ministry of Electronics & IT – Aadhaar Service Provider List
