BLSEBLS E-Services Limited Forensic Risk Analysis

IT Enabled Services
Risk ClassWatch
Market Cap₹1,508 Cr
Primary DriverEarnings Quality
Flagium AI Risk Score
Early signs of stress detected. Not yet widespread, but initial deterioration is visible.
25 / 100
+5 QoQ
Deteriorating
Sentinel Insight

Financial profile remains stable for now. Weakness is detected in profitability and earnings quality. This suggests a building risk profile. Risk is increasing at a faster pace.

86.1th %ile (Sector)Accel: +5 Qtrs
Updated2026-06-02
Market View
₹224.21▲0.51%
PeriodQ4 FY26

Score Waterfall
Absolute contribution points of each forensic pillar to the final risk score. Derived from: Sector Baseline + Active Penalties - Mitigation Buffers.

Earnings Quality
+25.0 pts
Final Composite Risk25 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 0 → 25 over 12 quarters.

Expected Direction
🚨 Escalate
Primary Deterioration Drivers
  • Margin Compression
  • Operating Leverage Stress
  • Cash Conversion Deficit
What to Watch Next Quarter
  • Debt growth
  • Operating cash flow
  • Operating profit margins

Active Risk Objects (3)

CriticalHigh
Operating Leverage Stress
📉 Trend DeteriorationAnnualActive for 5 Years
More Detail
Impact Weight10/15
MomentumPersistent
Last SignalQ4 FY2026
Expenses are consistently growing faster than revenues, creating operational pressure.

"The balance sheet is heavily over-leveraged. Interest payments are consuming most of the profit."

Cash Conversion Deficit
📊 Earnings QualityAnnualActive for 1 Years
More Detail
Impact Weight6/15
MomentumAccelerating
Last SignalFY2026
BLSE: OCF below Net Profit in 2/3 recent years.

"Cash conversion is dangerously low. Operational cash flow is significantly trailing reported PAT."

Margin Compression
📊 Earnings QualityAnnualActive for 4 Years
More Detail
Impact Weight15/15
MomentumPersistent
Last SignalQ4 FY2026
Operating margin declined by 2.2 bps YoY for two consecutive quarters.

"Early signs of margin erosion. Input costs are beginning to eat into core profits."

Risk Trajectory
Historical 12-quarter risk trend (Q-11 to Q0) followed by a 2-quarter predictive funnel (Q+1, Q+2).
Loading Chart
Resilience Matrix
Diagnostic benchmarking comparing structural sensitivity and risk buffers against sector medians.
MetricValuevs SectorSignal
Volatility (σ)2.274.03✅ RESILIENT
Sensitivity (ε_s)11.00✅ RESILIENT
Escalation Prob.5%5%✅ NEUTRAL
Safety Buffer+41.0+60.0📈 CRITICAL
Forensic Benchmark Context: IT Enabled Services (n=37 peers)

Correlation Analysis
Visualizing the relationship between stock price movement and structural risk objects.

Loading Chart
Share Price
Risk Score (0-100)
Market Performance
₹224.21(+0.51%)
1M Divergence+7.58%
1 Week+2.44%
1 Month+13.48%
6 Months+8.45%
1 Year+5.83%
2 Year-8.07%
3 Year-38.8%
Sector Average (1M)+5.9%
Sentinel Forensic Assessment
ALGORITHMIC RISK PROFILE • NON-ADVISORY

The risk profile is Early Signals and currently deteriorating. Recent structural triggers in earnings quality suggest a building pressure on the underlying framework. Material forensic traces are visible in operational margins and profitability metrics, indicating a progressive erosion of structural stability. Strategic vigilance is advised as structural decay is accelerating.

BLSE • MARKET STRUCTURE

Stage 2 — Advancing

The company is in a growth phase. Institutional sentiment is highly positive, supported by strong fundamentals and sustained risk reduction.

Stage Transition Prob.95%
Trend QualityStrong
Phase Progression
Phase Progression Score85%
Readiness LabelHigh (Phase Transition Imminent)
Probability of Advancing95%
CoinTree Momentum
Composite Z-Score+1.1591σ
Strong positive momentum leadership
Universe Rank
A cross-sectional rank of this stock's composite momentum score compared to all other tracked equities in the universe. A rank of #1 of 1035 means it has the strongest overall price momentum in the market.
#198 of 2716
Top 7.29% in momentum strength
Timeframe Sparklines
1W+2.4%
1M+13.5%
6M+8.4%
Weinstein Indicators
150 DMA₹183.52
200 DMA₹182.95
150 DMA Slope+1.7621%Rising
Relative Strength+13.94%Leading
Relative Turnover (RTR)0.7093
ParticipationWeak

PEER COMPARISON

Ranked comparison against sector peers

This company shows higher risk compared to the Sector Mean (6).
ADROITINFOAdroit Infotech Limited
15 Risk
Sector %ile69th
Delta-5
Active Flags10
Accel+0
Governance

Stable

BLSEBLS E-Services Limited
25 Risk
Sector %ile86th
Delta+5
Active Flags3
Accel+5
Earnings Quality

Watch

GENESYSGENESYS
46 Risk
Sector %ile100th
Delta+11
Active Flags19
Accel+2
Earnings Quality

Moderate Deterioration

* Peer comparison is based on risk signals, not valuation or returns.

Risk Profiles

Solvency
10100th %ile
VS Sector Median (8.5)
Governance
10100th %ile
VS Sector Median (8.5)
Earnings Quality
00th %ile
VS Sector Median (8.5)
Balance Sheet Stress
10100th %ile
VS Sector Median (8.5)
Competitive Position
10100th %ile
VS Sector Median (8.5)
Growth Sustainability
10100th %ile
VS Sector Median (8.5)

Deterioration Timeline

2026

Operating Leverage Stress

2026

Margin Compression

2026

Operating Leverage Stress

2026

Margin Compression

2026

Operating Leverage Stress

2026

Margin Compression

2026

Operating Leverage Stress

2026

Margin Compression

2026

Cash Conversion Deficit

2025

Operating Leverage Stress

Key Financials (INR Cr)

PeriodRevenueNet ProfitOCFDebt
FY20261,1436951-
FY20255455867-
FY20243103420-