1,300 per cent returns: This multibagger small-cap company receives Schengen global visa outsourcing contract for Slovakia; know more here!

The shares of the company have a ROE of 29.50 per cent and a ROCE of 31.6 per cent.

BLS International Ltd a global leader in outsourcing services for governments and diplomatic missions, has signed an exclusive global visa outsourcing contract for Slovakia in 18 countries with more than 54 offices. According to industry data, 2.64 million tourists visited Slovakia in 2021, and this number is expected to increase in line with travel trends.

BLS International's extensive experience in providing exceptional visa services has earned them the privilege of working with the Schengen member countries. With this new contract, BLS International will be entrusted with the responsibility of not only offering Tourist visa services and Business visa services but also national visa services, all to facilitate seamless travel and immigration procedures.

Notably, this achievement marks a significant addition to BLS International's portfolio of Schengen countries. The company already collaborates with Schengen member states such as Hungary, Portugal, Poland, Spain, Germany and Italy, offering a wide range of visa and consular services. Slovakia's inclusion in this elite group further solidifies BLS International's position as a trusted partner for governments and visa applicants alike.

On Tuesday, shares of BLS International Ltd surged 1.82 per cent to Rs 266 per share from its previous closing of Rs 261.25 per share. The stock’s 52-week high is Rs 302 and its 52-week low is 148.15.

Furthermore, in the financial year 2022-2023, the company announced bonus shares 2 times in a ratio of 1:1 each. The first record date was on May 13, 2022, and the second was on December 08, 2022.

As per the financial report, there was a significant increase in net sales by 40.56 per cent and net profit by 131.23 per cent in Q1FY24 compared to Q1FY23. Similarly, in FY23, the net sales grew by 78.40 per cent and net profit increased by 83.64 per cent compared to FY22.

The shares of the company have a ROE of 29.50 per cent and a ROCE of 31.6 per cent. The stock gave multibagger returns of 330 per cent in just 2 years and over 1,300 per in 3 years.  Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.