Bluspring Enterprises Ltd.

•

bluspring.comBSE: 544414NSE: BLUSPRING

Market Cap₹ 1,966 Cr.

Current Price

High / Low₹ 140 / 44

Stock P/E—

Book Value₹ 42

Price to Book1.22

Dividend Yield0.00 %

ROCE1.3 %

ROE-4.1 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Facility Management & Food Services: 60.0% • Security Services: 19.5% • Telecom & Industrials: 18.2%

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Company maintains a comfortable, low leverage position
Company converts assets efficiently - asset turnover of 2.1x

CONS

Company is loss-making at the operating / net level
Interest coverage is weak at 0.3x - earnings barely cover interest
Receivables are growing faster than sales - a possible quality concern
Effective tax rate is unusually low at 5.7% - earnings may be flattered
Company's return on assets is weak at -1.4%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesBusiness ServicesProfessional Services

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	URBANCO	166.95	0.00	25746.71	0.00	-921.20	-13373.78	5283.40	1338.56	-8.23	-18.44
2.	BLS	231.65	13.51	9537.98	1.08	201.62	11.41	890.53	25.33	36.54	28.34
3.	SIS	420.05	40.52	5937.25	1.67	101.66	9.37	4603.58	29.73	7.39	4.66
4.	QUESS	350.00	20.70	5228.51	3.14	82.12	61.07	4181.68	14.52	24.72	2.02
5.	BLSE	314.65	49.19	2858.80	0.32	18.63	6.30	304.09	24.63	18.67	6.98
6.	BLUSPRING	131.50	100.98	1965.95	0.00	-1.58	77.90	949.29	19.07	1.32	2.17
7.	TEAMLEASE	1236.60	12.77	1889.70	0.00	34.45	37.74	3034.69	4.96	16.22	1.05
8.	KAPSTON	588.20	58.70	1790.02	0.00	84.89	1284.83	2216.57	1062.33	13.16	6.56
9.	GCSL	601.20	55.17	1503.32	0.12	128.00	1240.31	375.21	70.67	21.85	46.76
10.	UDS	207.45	16.00	1388.94	0.00	30.28	4.47	764.29	9.15	9.99	5.54
11.	KRYSTAL	615.35	14.01	859.76	0.24	17.41	5.92	360.71	11.65	16.36	6.33
12.	INNOVISION	261.10	16.84	621.77	0.00	-73.55	-771.26	2638.15	948.03	37.59	-3.82

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	723	770	791	802	797	857	863	865	949
	705	748	770	797	786	840	839	840	952
Operating Profit	19	23	21	5	12	17	24	25	-3
OPM %	2.58%	2.93%	2.62%	0.59%	1.46%	2.02%	2.78%	2.90%	-0.33%
	0	2	-154	-6	-0	5	-28	1	5
Interest	7	12	7	8	7	8	11	7	10
Depreciation	11	12	11	11	12	13	11	11	14
Profit before Tax	1	1	-152	-20	-9	2	-26	8	2
Tax %	99.24%	-23.61%	-4.05%	-13.92%	15.86%	-62.96%	10.79%	51.88%	166.93%
Net Profit	0	0	0	-23	-7	4	-23	4	-2
	0.04	0.26	-10.53	-1.33	-0.32	0.35	-1.34	0.28	-0.03

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026	TTM
	3,484	3,382	3,534
	3,401	3,328	3,471
Operating Profit	82	54	63
OPM %	2.36%	1.60%	1.79%
	-163	3	-16
Interest	38	34	36
Depreciation	50	47	49
Profit before Tax	-170	-24	-14
Tax %	-5.58%	5.70%	-28.79%
Net Profit	-179	-23	-17
EPS	0.00	-1.03	—
Dividend Payout %	—	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 66%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: —
Last Year:: -4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026
Equity Capital	0	149
Minority Interest	79	71
	501	475
	126	122
Trade Payables	66	127
	767	738
Total Liabilities	1,540	1,682
	502	513
	35	35
	7	7
	776	877
Cash & Bank	68	55
	151	196
Total Assets	1,540	1,682

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026
	-22	52
Cash from Investing	-21	-20
Cash from Financing	-68	-38
	-111	-7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.24	58.24	58.24	58.17	58.05
	8.83	5.83	5.49	5.71	5.69
	8.41	8.95	8.81	8.71	8.64
Government	0.00	0.00	0.00	0.00	0.00
	24.52	26.99	27.47	27.41	27.61

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

General Updates

2026-09-10 - Bluspring Enterprises Limited has informed the Exchange regarding Authorisation to Key Managerial Personnel for the purpose of determining the materiality of an event or information and for making disclosures to Stock Exchange(s).

2026-09-10

Resignation of Director/KMP/SMP

2026-09-10 - Bluspring Enterprises Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-09-10

Change in Company Secretary/Compliance Officer

2026-09-10 - Bluspring Enterprises Limited has informed the Exchange regarding the Appointment of Mr. Raman Sapra as the Company Secretary, Compliance Officer (Key Managerial Personnel) and Nodal Officer of the Company.

2026-09-10

Resignation

2026-09-10 - Bluspring Enterprises Limited has informed the Exchange regarding the Resignation of Mr. Arjun Sunil Makhecha from the position of Company Secretary, Compliance Officer(Key Managerial Personnel) and Nodal Officer of the Company.

2026-09-08

Credit Rating

2026-09-08 - Bluspring Enterprises Limited has informed the Exchange about Credit Rating

2026-09-01

Shareholders meeting

2026-09-01 - Bluspring Enterprises Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 31, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-31

Shareholders meeting

2026-08-31 - Bluspring Enterprises Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 31, 2026

2026-08-12

Updates

2026-08-12 - Bluspring Enterprises Limited has informed the Exchange regarding 'Amalgamation of wholly owned subsidiaries of the Company'.

2026-08-08

Copy of Newspaper Publication

2026-08-08 - Bluspring Enterprises Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for BLUSPRING

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Bluspring Enterprises Ltd.

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Free 5nance Account

Name

URBANCO

166.95

0.00

25746.71

0.00

-921.20

-13373.78

5283.40

1338.56

-8.23

-18.44

BLS

231.65

13.51

9537.98

1.08

201.62

11.41

890.53

25.33

36.54

28.34

SIS

420.05

40.52

5937.25

1.67

101.66

9.37

4603.58

29.73

7.39

4.66

QUESS

350.00

20.70

5228.51

3.14

82.12

61.07

4181.68

14.52

24.72

2.02

BLSE

314.65

49.19

2858.80

0.32

18.63

6.30

304.09

24.63

18.67

6.98

BLUSPRING

131.50

100.98

1965.95

0.00

-1.58

77.90

949.29

19.07

1.32

2.17

TEAMLEASE

1236.60

12.77

1889.70

0.00

34.45

37.74

3034.69

4.96

16.22

1.05

KAPSTON

588.20

58.70

1790.02

0.00

84.89

1284.83

2216.57

1062.33

13.16

6.56

GCSL

601.20

55.17

1503.32

0.12

128.00

1240.31

375.21

70.67

21.85

46.76

UDS

207.45

16.00

1388.94

0.00

30.28

4.47

764.29

9.15

9.99

5.54

KRYSTAL

615.35

14.01

859.76

0.24

17.41

5.92

360.71

11.65

16.36

6.33

INNOVISION

261.10

16.84

621.77

0.00

-73.55

-771.26

2638.15

948.03

37.59

-3.82

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

723

770

791

802

797

857

863

865

949

705

748

770

797

786

840

839

840

952

Operating Profit

-3

OPM %

2.58%

2.93%

2.62%

0.59%

1.46%

2.02%

2.78%

2.90%

-0.33%

-154

-6

-0

-28

Interest

Depreciation

Profit before Tax

-152

-20

-9

-26

Tax %

99.24%

-23.61%

-4.05%

-13.92%

15.86%

-62.96%

10.79%

51.88%

166.93%

Net Profit

-23

-7

-23

-2

0.04

0.26

-10.53

-1.33

-0.32

0.35

-1.34

0.28

-0.03

Mar 2025

Mar 2026

TTM

3,484

3,382

3,534

3,401

3,328

3,471

Operating Profit

OPM %

2.36%

1.60%

1.79%

-163

-16

Interest

Depreciation

Profit before Tax

-170

-24

-14

Tax %

-5.58%

5.70%

-28.79%

Net Profit

-179

-23

-17

EPS

0.00

-1.03

—

Dividend Payout %

—

0.00%

—

Mar 2025

Mar 2026

Equity Capital

149

Minority Interest

501

475

126

122

Trade Payables

127

767

738

Total Liabilities

1,540

1,682

502

513

776

877

Cash & Bank

151

196

Total Assets

1,540

1,682

Mar 2025

Mar 2026

-22

Cash from Investing

-21

-20

Cash from Financing

-68

-38

-111

-7

Mar 2025

Mar 2026

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

58.24

58.17

58.05

8.83

5.83

5.49

5.71

5.69

8.41

8.95

8.81

8.71

8.64

Government

0.00

24.52

26.99

27.47

27.41

27.61

Bluspring Enterprises Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Bluspring Enterprises Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI