BLS E-Services Limited share price target 2024, 2025, 2026 to 2030

In this article, we delve into a comprehensive analysis of BLS E-services share price targets for the years 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.

About

Founded in April 2016, BLS-E Services Limited is a digital service provider specializing in Business Correspondence services for leading banks in India, along with Assisted E-Services and E-Governance Services aimed at grassroots levels across the country. The company’s service portfolio encompasses three main categories: Business Correspondents Services, Assisted E-services, and E-Governance Services.

Founded	12 April 2016
Listing Date	06 Feb 2024
Sector	IT Software
Headquarters	New Delhi
Official Website	b2c.cscbls.com

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Financial Details

As of February 2, 2024, the company boasts a market capitalization of ₹3,264 crores, indicating its overall valuation in the market.

The stock’s price-to-earnings (P/E) ratio of 60.33 reflects investor sentiment and expectations for future earnings growth.

With a robust Return on Capital Employed (ROCE) of 45.1% and a healthy Return on Equity (ROE) of 33.4%, the company demonstrates efficient utilization of capital and solid profitability.

The low debt-to-equity ratio of 0.07 suggests a conservative financial structure, with manageable debt levels amounting to ₹7.88 crores.

Institutional investors, both foreign and domestic, show confidence in the company, with Foreign Institutional Investors (FIIs) holding 11.88% and Domestic Institutional Investors (DIIs) holding 3.84% of the company’s shares.

The earnings per share (EPS) of ₹2.83 reflects the company’s profitability on a per-share basis, while the impressive sales growth of 151% underscores its strong performance in generating revenue.

These metrics collectively provide insights into the company’s financial health, investor sentiment, and growth prospects.

Market Cap	₹ 3,264 Cr	Stock P/E	60.33
ROCE	45.1%	ROE	33.4 %
Debt to equity	0.07	Debt	₹ 7.88 Cr
FII Holdings	11.88%	DII Holdings	3.84%
EPS	₹ 2.83	Sales growth	151%

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Financial Statement

As of February 2, 2024, the financial performance of the company for the years 2021, 2022, and 2023 reflects a notable increase in net sales. In 2023, net sales reached ₹243 crores, compared to ₹97 crores in 2022 and ₹64 crores in 2021. This upward trend indicates substantial growth in revenue over the past three years.

Correspondingly, expenses also increased over the same period. In 2023, expenses amounted to ₹210 crores, rising from ₹90 crores in 2022 and ₹60 crores in 2021. Despite the increase in expenses, the company managed to achieve a higher level of profitability, with profit after tax reaching ₹20 crores in 2023, compared to ₹5 crores in 2022 and ₹3 crores in 2021.

Particulars	2023	2022	2021
Net Sales	243	97	64
Expenses	210	90	60
Profit After Tax	20	5	3

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Table of BLS E-Services Share Price Target

BLS E-services is anticipated to enter the market with a listing range of ₹280 to ₹294, a significant increase from its offer price of ₹135, marking a gain of nearly 107%. Our analysis will focus on forecasting the stock price based on the company’s financial performance and our comprehensive evaluation.

Year	Min Target	Max Target
2024	₹320	₹360
2025	₹376	₹445
2026	₹473	₹512
2027	₹532	₹576
2028	₹593	₹648
2029	₹673	₹708
2030	₹723	₹768

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BLS E-Services Share Price Target 2024:

• Minimum Target: ₹320
• Maximum Target: ₹360

In the upcoming year, the company is anticipated to maintain a price range between ₹320 and ₹360

BLS E-Services Share Price Target 2025:

• Minimum Target: ₹376
• Maximum Target: ₹445

Moving into 2025, the projected price range widens, reaching between ₹376 and ₹445

BLS E-Services Share Price Target 2026:

• Minimum Target: ₹473
• Maximum Target: ₹512

Further into the future, specifically in 2026, the anticipated price range expands to ₹473 to ₹512.

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BLS E-Services Share Price Target 2027:

• Minimum Target: ₹532
• Maximum Target: ₹576

By 2027, the company’s share price is expected to aim for a range of ₹532 to ₹576.

BLS E-Services Share Price Target 2028:

• Minimum Target: ₹593
• Maximum Target: ₹648

Looking ahead to 2030, the minimum and maximum targets extend to ₹593 and ₹648, respectively.

BLS E-Services Share Price Target 2029:

• Minimum Target: ₹673
• Maximum Target: ₹708

In the long term, by 2029, the company is anticipated to potentially reach a price range between ₹673 and ₹708

BLS E-Services Share Price Target 2030:

• Minimum Target: ₹723
• Maximum Target: ₹768

Projected into 2030, the minimum and maximum targets suggest a potential price range of ₹723 to ₹768.

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Positive and Negative Points of BLS E-services Ltd

Positive

• The company operates on asset light business model.
• Low customer acquisition cost

Negative

• The services are only offered in three states.
• A big portion of revenue comes from subsidiaries

Disclaimer

Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.

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