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You are here : IndiaNotes >> Research & Analysis >> Companies >> BLS International Services Ltd. >> Research

Rudra Shares recommend BLS International Services as a dark horse

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Valuation Conclusion


Driven by its unrivalled market positioning, highly successful business model and years of rich experience in consular industry, BLS holds a competitive advantage to expand its operations to untapped geographies globally. Company's new business pipeline has the potential to significantly enhance operating scale and drive substantial growth in earnings and cash flows going forward.


Moreover, backing of Afghanistan project, Spanish project coupled with some more projects lined up for BLS Coming quarters are expected to perform well. As per the management in the next few months, the application count should go up to 100,000 every day in Punjab itself which would again be an addition to the top line.


BLS is one of the world’s largest visa, passport and consular outsourcing services provider for governments and their diplomatic missions worldwide.


An acknowledged leader in the provision of Government to Citizen (G-to-C) services, BLS International Services Limited has earned itself an impeccable reputation for setting benchmarks in its domain of expertise. Leveraging its dominant position and business opportunities in rapid-growth markets, the organization is now poised to drive a transformational developments in the G-to-C Business globally.


Company Overview


Given the rapid growth in tourism globally, there is a huge market opportunity for BLS ahead to capitalize upon. With all this, various Governments initiatives & reforms would provide push to this particular industry & would benefit BLS. We suggest to accumulate the stock for 2-3 years.


Apart from the above, company's strong financial position, high net worth and robust balance sheet with very low debt, continuous top line growth and margin expansion, managing 2,320 application centres, highest level of security measures, regular investment in technological advancement, top Light Management, comprehensive and differentiated suite of consular services, first Mover Advantage in Citizen Services, provides advantage & sets it apart amongst its peers.


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About Rudra Shares and Stock Brokers

RUDRA is one of the growing & dynamic brokerage houses with a strong presence in the Retail and HNI broking segment. With over 25 years of experience and lead by a team with outstanding managerial acumen, RUDRA is a professionally managed company supported by over 100 professionals, including Chartered Accountants, MBAs and other senior executives. RUDRA can thereby cater to its clients' short-term as well as long-term financial needs through a comprehensive bouquet of investment services. RUDRA offers a diverse range of financial services, including institutional and retail brokerage of Equity, Currency, Commodities, Derivatives, Online Trading, Depository Services, Fixed Deposits, IPOs and Mutual Funds Distribution, and Wealth Advisory & Research. RUDRA is looking to become one of the biggest broking houses. RUDRA Securities Limited, is a member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited, MCX Stock Exchange, and Depository Participant of Central Depository Services (I) Limited. RUDRA can be approached online at www.rudrashares.com.

 

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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