Nuvama Projects 61% Upside for BLS International by 2025

Nuvama Projects 61% Upside for BLS International by 2025

BLS International Services Limited, a prominent player in the visa and consular services sector, has witnessed a remarkable stock performance over the past few years. Leading brokerage firm Nuvama has now projected a 61% upside for the company's shares, setting a target price of ₹637.

Impressive Financial Performance

In the third quarter of the fiscal year 2025, BLS International reported a net profit of ₹121 crore, marking a 43.2% increase from ₹84.5 crore in the same period last year. Operational revenue also saw a 17% rise, reaching ₹513 crore compared to ₹438 crore in the corresponding quarter of the previous fiscal year.

Stock Market Milestones

As of February 18, 2025, the company's shares closed at ₹378.35 apiece on the BSE, reflecting a 2.26% increase. Over the past two years, the stock has delivered a 123% return and an impressive 570% surge over the last three years. The market capitalization stands at ₹15,823.82 crore, positioning BLS International as a mid-cap company.

Strategic Growth Initiatives

BLS International continues to expand its global footprint by adding new geographies and offices to its existing network. With approximately 50% of the market yet to be outsourced, the company sees significant potential opportunities ahead. The integration of Aadifidelis Solutions has bolstered the digital services segment, contributing to an 87% surge in this area.

Analyst Insights

Nuvama's optimistic projection is based on BLS International's robust financial performance and strategic expansions. The brokerage firm has raised the share price target from ₹604 to ₹637, indicating a potential 61% upside. They attribute this to new visa contracts and an expanding digital services network, which are expected to enhance profitability further.

Investor Considerations

While the outlook appears promising, potential investors should conduct thorough research and consider market volatility. It's advisable to consult with financial advisors to align investment decisions with individual risk profiles and financial goals.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Investors are encouraged to perform their own due diligence before making investment decisions.