Swastika Investmart
Rating: Subscribe
BLS E Services is a digital service provider, and it could be a beneficiary of digital India initiatives by the government. The company operates on an asset-light business model, has a wide reach for customers, and has a business model with diverse sources of revenue. The company has also reported consistent growth in its financials, said Swastika Investmart.
"A few concerns are that the company has a limited operating history, making it difficult to evaluate its business and growth; secondly, it is dependent on a single customer for major revenue; and third, it has geographical concentration. Finally, it is valued at a P/E of 44 times, which seems fairly priced, so considering all the factors, we give a 'subscribe' rating to this," it said. Read more:
