BLS International Share Price Jumps 9.5% After Strong Q4 FY26 Results: PAT Rs 187 Crore, FY26 Revenue Rs 2,998 Crore, 950% Rally in 5 Years

The BLS International share price surged approximately 9.5 percent on 20 May 2026 after the company’s board approved audited Q4 FY26 and full-year FY26 results at its meeting on 19 May. The stock, which closed at Rs 262 on 19 May (Trendlyne), was trading near Rs 287 in today’s session as investors reacted to Q4 FY26 PAT of Rs 186.9 crore (up 28.7% year on year), FY26 full-year revenue of Rs 2,998 crore (up 36.7%) and FY26 PAT of Rs 723.8 crore (up 34.1%). The company is conducting an earnings conference call today at 4:00 PM IST to discuss operational and financial performance with analysts.

BLS International Share Price: Live Data on 20 May 2026

• CMP (20 May, intraday): Approximately Rs 287 (up ~9.5% from 19 May close of Rs 262)
• Previous Close (19 May): Rs 262 (Trendlyne 3:31 PM)
• 52-Week High: Rs 422
• 52-Week Low: Rs 218.90
• Market Cap: Approximately Rs 11,800 crore (at Rs 287)
• PE (at CMP Rs 287, FY26 EPS): Approximately 15.7 times
• Analyst target (Univest blog): Rs 478 (consensus) | Bull case: Rs 574
• 5-Year Return: Approximately 950% (from pre-2021 levels near Rs 28-30 to current Rs 287)
• Earnings Call: Today, 20 May 2026 at 4:00 PM IST

Tap to Access Best Research Pieces on Univest

Q4 FY26 Results: What Made the BLS International Share Price Jump

Revenue and Profit Growth Beat Expectations

BLS International Services reported Q4 FY26 consolidated revenue of Rs 814.6 crore, up 17.6 percent year on year from Rs 692.8 crore. PAT grew 28.7 percent to Rs 186.9 crore from Rs 145.2 crore. EBITDA rose 17.1 percent to Rs 203.9 crore. The PAT margin improved to 22.9 percent from 21.0 percent a year ago, demonstrating that revenue growth is translating into proportionally higher profitability. Visa applications processed in Q4 grew 9.8 percent to 10.8 lakh from 9.8 lakh in Q4 FY25, while net revenue per application rose 9.4 percent to Rs 3,444 per application.

FY26 Full Year: Rs 2,998 Crore Revenue, Rs 724 Crore PAT

For the full financial year FY26, BLS International delivered consolidated revenue of Rs 2,998 crore, a 36.7 percent year-on-year increase from Rs 2,193 crore in FY25. PAT grew 34.1 percent to Rs 723.8 crore. EBITDA increased 30.1 percent to Rs 818.9 crore with an EBITDA margin of 27.3 percent. The company crossed the landmark Rs 1,434 crore net worth as of March 31, 2026, compared to Rs 928 crore a year earlier, reflecting Rs 500-plus crore of earnings retained in the business over FY26.

• FY26 Revenue: Rs 2,998 crore (+36.7% YoY from Rs 2,193 crore)
• FY26 EBITDA: Rs 818.9 crore (+30.1% YoY) | EBITDA Margin: 27.3%
• FY26 PAT: Rs 723.8 crore (+34.1% YoY)
• Net Worth (March 31, 2026): Rs 1,434 crore (vs Rs 928 crore in FY25)
• Visa Applications FY26: 44.1 lakh processed (+17.6% YoY)
• Q4 Revenue: Rs 814.6 crore (+17.6% YoY) | Q4 PAT: Rs 186.9 crore (+28.7% YoY)

Track BLS International share price live and Q4 FY26 result data on the Check the Univest Screener for live data.

Digital Business: The Explosive Growth Engine

The most impressive segment in BLS International’s FY26 results is its Digital Business, which reported revenue of Rs 1,158 crore, a 114.4 percent year-on-year surge from FY25. This near-doubling of digital revenues is driven by the rapid scaling of the business correspondent and loan distribution business, primarily through Aadifidelis Solutions (acquired in Q3 FY25) and BLS E-Services. In Q4 alone, Digital Business revenue grew 36 percent to Rs 342.8 crore. The digital segment is now contributing 38.6 percent of FY26 full-year revenue, up from approximately 23 percent in FY25, fundamentally changing BLS International’s revenue mix and growth profile.

Visa and Consular Business: Steady Margin Expansion

The Visa and Consular Services segment, which remains the flagship of BLS International, reported FY26 revenue of Rs 1,840 crore, an 11.3 percent year-on-year increase. While headline revenue growth is moderate, EBITDA margin for the Visa segment improved significantly to 40.1 percent in FY26 (from the self-managed model transition) and to 38.1 percent in Q4 specifically, up from 34.2 percent in Q4 FY25. This margin expansion in a high-value government contract business is exactly the kind of operating leverage that justifies the BLS International share price re-rating.

The 950% in 5 Years: BLS International’s Multi-Bagger Journey

The 950 percent five-year return on the BLS International share price is one of the most compelling wealth creation stories in Indian mid and small-cap equities. The stock traded near Rs 28 to Rs 30 in 2020-21 during the pandemic when visa operations were effectively shut globally. As international travel resumed in 2022, visa application volumes exploded and BLS International’s revenue and PAT grew at compound annual rates of 40 to 50 percent. The stock compounded from Rs 30 to a 52-week high of Rs 422, before correcting to Rs 218.90 at its 52-week low in the current macro environment.

The current BLS International share price of Rs 287 sits exactly in the middle of its 52-week range, 32 percent below the 52-week high of Rs 422 and 31 percent above the 52-week low of Rs 218.90. At 15.7 times trailing PE on FY26 PAT, the stock is at a 27 percent discount to peers’ median PE of 22.23 times, suggesting meaningful re-rating potential if FY27 growth sustains the FY26 trajectory.

BLS International: Business Model That Powers the Growth

BLS International Services Limited is a global technology-enabled services company providing outsourced visa, passport, consular, citizen, e-governance, attestation, biometric and retail services to over 46 government clients across 66-plus countries. Founded effectively in 2005 from the predecessor Welken Traders (incorporated 1983), the company operates over 50,000 service centres globally. Its business model is capital-light and contract-driven: government clients outsource time-consuming administrative services to BLS, which earns a fee per application processed.

• Government Clients: 46+ including diplomatic missions, embassies and consulates across 66+ countries
• Service Centres: 50,000+ globally
• Major Contract (Oct 2025): 3-year MEA contract for Indian Visa Application Centres in Beijing, Shanghai and Guangzhou
• Digital Expansion: Business correspondent + loan distribution through Aadifidelis (acquired Q3 FY25) and BLS E-Services
• Investment Plan: Rs 2,500 crore announced for global expansion
• Employees: 737 (as of March 2026) — asset-light model uses network partners
• ROE: Approximately 29% — exceptional for a services business
• Dividend: Rs 2 per share declared in FY26; final dividend for FY26 to be considered per 19 May board meeting

New Contracts Driving FY27 Growth Visibility

• Ministry of External Affairs (Oct 2025): 3-year contract for Indian Visa Application Centres in Beijing, Shanghai and Guangzhou. India-China travel normalisation directly benefits this contract’s revenue.
• Cyprus Visa, Kazakhstan: New Schengen-adjacent visa processing adding to European visa pipeline.
• Latin America expansion: New centres in Argentina, Ecuador (larger facility) and Bolivia (full operational control taken).
• IACCIA partnership (May 2026): Trade document attestation services across 17 centres in India, boosting India-Arab trade cooperation volumes.
• Rs 2,500 crore global expansion plan: Announced for FY27-FY28 deployment. Management aims to deepen presence in underpenetrated African and Middle East markets.

Download the Univest iOS App or the Univest Android App to get daily stock recommendations and insightful research pieces on BLS International share price live, Q4 FY26 results and analyst research on Univest!

BLS International Share Price: Hold or Buy at Rs 287?

The Bull Case

The BLS International share price at Rs 287 is trading at 15.7 times FY26 PAT, a 27 percent discount to peers at 22.23 times (Value Research). With FY27 PAT growth projected at 15 to 20 percent by analysts (Univest blog, analyst consensus), the forward PE at Rs 287 could be as low as 13 to 14 times — making this one of the cheapest high-quality government services companies in India. The bull case analyst target of Rs 574 implies 100 percent upside from current levels if the Rs 2,500 crore global expansion plan delivers new contract wins.

The Risk Case

The BLS International share price has already corrected 32 percent from its Rs 422 52-week high. The correction reflects macro headwinds: visa volumes are sensitive to global travel trends, which are being impacted by the US-Iran war, elevated crude oil prices and reduced discretionary travel budgets. The stock is also 1-year negative at -14.27 percent (ICICI Direct), meaning it has underperformed the market over the past 12 months. The earnings call today at 4 PM will be crucial for management’s FY27 guidance on visa volume trajectory, digital business margin sustainability and the pace of the Rs 2,500 crore deployment.

Conclusion

The BLS International share price is up approximately 9.5 percent today after Q4 FY26 PAT grew 28.7 percent to Rs 186.9 crore and FY26 full-year PAT reached Rs 723.8 crore (+34.1%). The digital segment’s 114.4 percent revenue growth, visa segment EBITDA margin of 40.1 percent and Rs 2,500 crore global expansion plan are the three key drivers of today’s re-rating. The stock sits 32 percent below its 52-week high at a 27 percent PE discount to peers, offering a potential re-entry for long-term investors who missed the 950 percent five-year multi-bagger run. The 4 PM earnings call today will provide critical FY27 guidance. Track the live BLS International share price on Univest. Consult a SEBI-registered advisor before making any investment decision.

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.

FAQs on BLS International Share Price and Q4 FY26 Results

Why is BLS International share price up 9.5% today?

Ans. BLS International share price is up 9.5 percent on 20 May 2026 after its board approved Q4 FY26 results: PAT of Rs 186.9 crore (+28.7% YoY), revenue of Rs 814.6 crore (+17.6% YoY) and FY26 full-year PAT of Rs 723.8 crore (+34.1%). The strong Digital Business growth (+114.4% in FY26) and visa segment EBITDA margin expansion to 40.1 percent exceeded market expectations.

What is BLS International Q4 FY26 revenue and profit?

Ans. BLS International Q4 FY26 consolidated revenue was Rs 814.6 crore (+17.6% YoY). Q4 PAT was Rs 186.9 crore (+28.7% YoY). For full-year FY26, revenue was Rs 2,998 crore (+36.7%) and PAT was Rs 723.8 crore (+34.1%). EBITDA for FY26 was Rs 818.9 crore with 27.3 percent margin.

Has BLS International really delivered 950% return in 5 years?

Ans. Yes. The BLS International share price was near Rs 28 to Rs 30 during 2020-21 when visa operations were shut during the pandemic. At the current price of Rs 287, the five-year return is approximately 950 percent, making it one of the best multi-bagger stories in Indian small-cap equities. The 52-week high is Rs 422, implying a 3-year peak return of over 1,300 percent from 2021 lows.

Should I buy BLS International at Rs 287?

Ans. At Rs 287, BLS International trades at 15.7x FY26 PAT, a 27 percent discount to peers at 22.23x PE. The consensus analyst target is Rs 478 (66% upside) with a bull case of Rs 574 (100% upside). The 4 PM earnings call today will provide FY27 guidance. Investors should wait for the call before committing capital. Consult a SEBI-registered advisor before investing.