BLS E- Services (NSE:BLSE) ROE %: 11.28% (As of Mar. 2026) — 47% Below Median


NSE:BLSE BLS E- Services Ltd NSE:BLSE
46 GF Score
Price ₹225.26
! 5 Warning Signs
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What is BLS E- Services ROE %?

BLS E- Services NSE:BLSE +0.04% 46 ROE % is 11.28% as of Mar. 2026, which is 47% below its 10-year median of 21.31. GuruFocus rates NSE:BLSE with a GF Score™ of 46/100. The stock has 5 warning signs investors should review. Among 1,058 Business Services companies, BLS E- Services ranks better than 62.1% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. BLS E- Services's annualized net income for the quarter that ended in Mar. 2026 was ₹590 Mil. BLS E- Services's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹5,225 Mil. Therefore, BLS E- Services's annualized ROE % for the quarter that ended in Mar. 2026 was 11.28%.

The historical rank and industry rank for BLS E- Services's ROE % or its related term are showing as below:

NSE:BLSE' s ROE % Range Over the Past 10 Years
Min: 11.43   Med: 21.31   Max: 43.48
Current: 11.43

During the past 6 years, BLS E- Services's highest ROE % was 43.48%. The lowest was 11.43%. And the median was 21.31%.

NSE:BLSE's ROE % is ranked better than
62.1% of 1058 companies
in the Business Services industry
Industry Median: 8.095 vs NSE:BLSE: 11.43

BLS E- Services  (NSE:BLSE) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=589.584/5224.725
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(589.584 / 12934.916)*(12934.916 / 7619.204)*(7619.204 / 5224.725)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.56 %*1.6977*1.4583
=ROA %*Equity Multiplier
=7.74 %*1.4583
=11.28 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=589.584/5224.725
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (589.584 / 960.92) * (960.92 / 746.396) * (746.396 / 12934.916) * (12934.916 / 7619.204) * (7619.204 / 5224.725)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6136 * 1.2874 * 5.77 % * 1.6977 * 1.4583
=11.28 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


BLS E- Services ROE % Related Terms


BLS E- Services ROE % Historical Data

* Premium members only.

The historical data trend for BLS E- Services's ROE % 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 E- Services ROE % Chart

BLS E- Services Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial 43.48 30.95 11.67 11.50 11.44

BLS E- Services Quarterly Data
Mar21 Mar22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 10.94 12.17 12.23 10.03 11.28

NSE:BLSE vs CTAS, CPRT, ULS: ROE % Comparison

For the Specialty Business Services subindustry, BLS E- Services's ROE %, along with its competitors' market caps and ROE % 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 E- Services ROE % vs Business Services Industry

For the Business Services industry and Industrials sector, BLS E- Services's ROE % distribution charts can be found below:

* The bar in red indicates where BLS E- Services's ROE % falls into.


NSE:BLSE
46GF Score
BLS E- Services Ltd NSE:BLSE
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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BLS E- Services ROE % Calculation

BLS E- Services's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=574.964/( (4827.097+5224.725)/ 2 )
=574.964/5025.911
=11.44 %

BLS E- Services's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=589.584/( (0+5224.725)/ 1 )
=589.584/5224.725
=11.28 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 11.28% mean?
BLS E- Services (NSE:BLSE) has a ROE % of 11.28% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on BLS E- Services and its competitors. This is 47% below median its historical median of 21.31. Over the past decade, BLS E- Services' ROE % has ranged from 11.43 to 43.48. According to the industry distribution chart, BLS E- Services ranks #401 out of 1058 companies in the Business Services industry, placing it in the top 37.9%.
Is BLS E- Services' ROE % too high?
BLS E- Services' current ROE % of 11.28% is 47% below median its 10-year median of 21.31. Over the past 10 years, this metric has ranged from a low of 11.43 to a high of 43.48. The Business Services industry median ROE % is 8.10. BLS E- Services' value of 11.28% is 39.3% above this industry median. Based on the distribution chart, BLS E- Services ranks #401 out of 1058 companies in the Business Services industry, which is above the industry midpoint. Overall, BLS E- Services has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does BLS E- Services' ROE % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, BLS E- Services ranks #401 out of 1058 companies for ROE %. This puts BLS E- Services in the upper half of its industry. The industry median ROE % is 8.10. BLS E- Services' value of 11.28% is 39.3% above this benchmark. Historically, BLS E- Services' own ROE % has ranged from 11.43 to 43.48 over the past decade. While the company's 10-year median is 21.31 vs. the industry median of 8.10, BLS E- Services has consistently been above 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 ROE % for a Business Services company?
The median ROE % among Business Services companies is 8.10, based on 1,058 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BLS E- Services's current ROE % of 11.28% is 39.3% above 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on BLS E- Services and its competitors. For the Business Services industry, the median ROE % is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BLS E- Services's current ROE % is 11.28%, which is 47% below median its own 10-year median of 21.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BLS E- Services stock overvalued right now?
BLS E- Services (NSE:BLSE) has a current ROE % of 11.28%. The current ROE % is 11.28%, which is 47% below median its 10-year median of 21.31 and 39.3% above the Business Services industry median of 8.10. BLS E- Services' overall GF Score™ is 46/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For BLS E- Services (NSE:BLSE), the current ROE % is 11.28% 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.

BLS E- Services Business Description

Other Exchanges 544107:India
Address Phase V, Plot no. 865, Udyog Vihar, Gurugram, HR, IND, 122016
BLS E- Services Ltd is a digital service provider in India. It provides business correspondence services to banks in India, Assisted E-services, and E-Governance Services at grassroots levels in India. Its robust network provides access points for the delivery of essential public utility services, social welfare schemes, healthcare, financial, educational, agricultural, and banking services for governments (G2C) and businesses (B2B) alike, in addition to a host of B2C services to citizens in urban, semi-urban, rural, and remote areas. Business Correspondents provide banking products and services on behalf of banks to people while performing a variety of services, including opening savings, recurring deposit accounts, cash deposits, withdrawals, remittances, transfers, and bill collection.
46GF Score

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