BLS International Services (NSE:BLS) Debt-to-Equity: 0.18 (As of Mar. 2026) — 200% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:BLS BLS International Services Ltd NSE:BLS
80 GF Score
Price ₹237.50
GF Value ₹544.46
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is BLS International Services Debt-to-Equity?

BLS International Services NSE:BLS +1.67% 80 Debt-to-Equity is 0.18 as of Mar. 2026, which is 200% above its 10-year median of 0.06. GuruFocus rates NSE:BLS with a GF Score™ of 80/100 and a GF Value™ of ₹544.46 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 957 Business Services companies, BLS International Services ranks better than 63.32% on this metric.

BLS International Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹1,032 Mil. BLS International Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹3,274 Mil. BLS International Services's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₹24,635 Mil. BLS International Services's debt to equity for the quarter that ended in Mar. 2026 was 0.17.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for BLS International Services's Debt-to-Equity or its related term are showing as below:

NSE:BLS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.06   Max: 0.58
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of BLS International Services was 0.58. The lowest was 0.00. And the median was 0.06.

NSE:BLS's Debt-to-Equity is ranked better than
63.32% of 957 companies
in the Business Services industry
Industry Median: 0.33 vs NSE:BLS: 0.18

BLS International Services  (NSE:BLS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


BLS International Services Debt-to-Equity Related Terms


BLS International Services Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for BLS International Services's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

BLS International Services Debt-to-Equity Chart

BLS International Services Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.01 0.03 0.21 0.18

BLS International Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.21 N/A 0.19 N/A 0.18

NSE:BLS vs CTAS, CPRT, GPN: Debt-to-Equity Comparison

For the Specialty Business Services subindustry, BLS International Services's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BLS International Services Debt-to-Equity vs Business Services Industry

For the Business Services industry and Industrials sector, BLS International Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where BLS International Services's Debt-to-Equity falls into.


NSE:BLS
80GF Score
BLS International Services Ltd NSE:BLS
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BLS International Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BLS International Services's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

BLS International Services's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.18 mean?
BLS International Services (NSE:BLS) has a Debt-to-Equity of 0.18 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on BLS International Services and its competitors. This is 200% above median its historical median of 0.06. According to the industry distribution chart, BLS International Services ranks #351 out of 957 companies in the Business Services industry, placing it in the top 36.7%.
Is BLS International Services' Debt-to-Equity too high?
BLS International Services' current Debt-to-Equity of 0.18 is 200% above median its 10-year median of 0.06. The Business Services industry median Debt-to-Equity is 0.33. BLS International Services' value of 0.18 is 45.5% below this industry median. Based on the distribution chart, BLS International Services ranks #351 out of 957 companies in the Business Services industry, which is above the industry midpoint. Overall, BLS International Services has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BLS International Services' Debt-to-Equity compare to CTAS and CPRT?
According to the Business Services industry distribution chart, BLS International Services ranks #351 out of 957 companies for Debt-to-Equity. This puts BLS International Services in the upper half of its industry. The industry median Debt-to-Equity is 0.33. BLS International Services' value of 0.18 is 45.5% below this benchmark. While the company's 10-year median is 0.06 vs. the industry median of 0.33, BLS International Services has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Business Services company?
The median Debt-to-Equity among Business Services companies is 0.33, based on 957 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BLS International Services's current Debt-to-Equity of 0.18 is 45.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on BLS International Services and its competitors. For the Business Services industry, the median Debt-to-Equity is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BLS International Services's current Debt-to-Equity is 0.18, which is 200% above median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BLS International Services stock overvalued right now?
Based on GuruFocus' analysis, BLS International Services (NSE:BLS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹544.46, compared to a current price of ₹237.50 — trading 56.4% below its estimated fair value. The current Debt-to-Equity is 0.18, which is 200% above median its 10-year median of 0.06 and 45.5% below the Business Services industry median of 0.33. BLS International Services' overall GF Score™ is 80/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For BLS International Services (NSE:BLS), the current Debt-to-Equity is 0.18 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is BLS International Services (NSE:BLS) Overvalued in 2026?

Based on GuruFocus' analysis, BLS International Services stock appears to be undervalued. The current stock price of ₹237.50 is trading 56.4% below its estimated GF Value™ of ₹544.46. GuruFocus considers BLS International Services to be Significantly Undervalued.

Key valuation signals for NSE:BLS:

  • Debt-to-Equity: 0.18 (200% above median its 10-year median of 0.06)
  • GF Value™: ₹544.46 vs. price of ₹237.50 (56.4% below fair value)
  • GF Score™: 80/100 with 1 warning sign
  • Industry Position: 45.5% below the Business Services median (#351 of 957)

No single metric tells the full story. See the NSE:BLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BLS International Services Business Description

Other Exchanges 540073:India
Address No. 21, Barakhamba Road, 912, Indra Prakash Building, New Delhi, IND, 110001
BLS International Services Ltd is a provider of miscellaneous business services in India. These services include outsourcing and administrative tasks, and passport and consular services to diplomatic missions across the world. It generates the majority of its revenue from operations rendered to the Middle East. Other regions include India, South Africa, Europe, North America, and Asia-Pacific. The company's businesses include Visa/Passport and OCI Application services, attestation, BLS Visa Consultancy, and BLS Embassy Notification Services.
80GF Score

Get the complete analysis for NSE:BLS

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹237.50
Price
₹544.46
GF Value