BLS International Services Share Price Dips Amid MEA Ban on Future Tenders

Market Performance

Shares of BLS International Services saw a sharp decline in early trading on October 13, dropping nearly 18% to touch a fresh 52-week low of Rs 276.95. Later, the stock recovered slightly, trading at Rs 295, still down 12.4% as of 10:08 am.This extended the company’s losing streak to four consecutive trading sessions., making BLS International the top loser on the Nifty 500 index.

The decline comes in response to a recent order by the Ministry of External Affairs (MEA), which barred the company from participating in future MEA tenders and Indian Mission contracts abroad for two years.

Main News: MEA Ban and Its Implications

In a filing post-market hours on October 11, BLS International confirmed the MEA order but clarified that all existing contracts remain valid and will continue as scheduled. The company emphasized that the ban will not significantly impact its current financial outlook.

The MEA action reportedly stems from complaints and ongoing court cases linked to the company’s operations. BLS International is evaluating legal options to address the issue.

Key Points on the MEA Ban

• Ban applies to future MEA tenders and Indian Mission contracts abroad for two years.
• Existing contracts with Indian Missions remain active and unaffected.
• MEA order primarily procedural; BLS sees it as part of regulatory norms in visa outsourcing.
• Legal evaluation in progress to address the matter.

Company Details and Diversification

BLS International has steadily diversified its business portfolio over the past few years, reducing dependency on a single client or region. Notable moves include:

• Securing and renewing contracts with clients in USA, UAE, Spain, Slovakia, Hungary, Poland, Portugal, and participating in India’s UIDAI project.
• Strategic acquisitions of iDATA and Citizenship Invest last financial year.
• Diversified revenue mix helps mitigate regional disruptions, strengthening resilience.

During the first quarter of FY26 (April–June), Indian Missions contributed approximately 12% to consolidated revenue and nearly 8% to EBITDA. Despite the ban, BLS continues to maintain operational momentum and remains confident in resolving the issue constructively.

BLS International Services Share Price History

• Four consecutive sessions of decline.
• Stock down over 20% in the past month.
• Year-to-date (2025) decline: nearly 40%.
• Current P/E ratio: 23+.
• Down approximately 47% from its 52-week high of Rs 521.80 reached in January 2025.

Summary

The sharp decline in BLS International Services shares reflects investor reaction to the MEA ban on future tenders. However, existing contracts continue, and the company’s diversified global portfolio supports resilience. While the stock faces short-term pressure, BLS International remains committed to its ongoing operations and business growth across multiple geographies.