Bluspring Enterprises Ltd.

•

bluspring.comBSE: 544414NSE: BLUSPRING

Market Cap₹ 1,966 Cr.

Current Price

High / Low₹ 140 / 44

Stock P/E101.0

Book Value₹ 58

Price to Book0.89

Dividend Yield0.00 %

ROCE2.7 %

ROE2.2 %

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 is almost debt free
Latest quarter profit grew 205.3% YoY, showing strong momentum
Working capital cycle has improved - days down from 36 to 29
Company converts assets efficiently - asset turnover of 1.6x

CONS

A large part of profit comes from other income (646.0% of PBT)
Receivables are growing faster than sales - a possible quality concern
Interest coverage is weak at 1.3x - earnings barely cover interest
Effective tax rate is unusually low at -183.5% - earnings may be flattered
Company's return on assets is weak at 1.2%

* 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

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	485	508	531	541	540	585	591	595	598
	471	499	515	541	531	575	575	564	596
Operating Profit	14	9	16	0	9	10	17	32	2
OPM %	2.94%	1.87%	3.06%	0.03%	1.64%	1.71%	2.82%	5.33%	0.30%
	5	2	-87	-3	1	3	-22	0	4
Interest	5	5	3	3	4	4	6	4	4
Depreciation	7	6	6	6	7	7	6	5	7
Profit before Tax	7	-0	-80	-12	-1	2	-17	22	5
Tax %	4.28%	-2304.00%	5.69%	-10.00%	247.73%	-282.61%	27.13%	2.11%	25.35%
Net Profit	6	-6	-76	-13	1	6	-12	22	4
	0.44	-0.40	-5.07	-0.89	0.09	0.41	-0.83	1.46	0.27

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2025	Mar 2026	TTM
	2,322	2,312	2,369
	2,273	2,270	2,309
Operating Profit	50	41	60
OPM %	2.14%	1.79%	2.54%
	-82	9	-15
Interest	19	19	18
Depreciation	29	26	26
Profit before Tax	-81	6	12
Tax %	-1.79%	-183.48%	-60.63%
Net Profit	-82	17	19
EPS	0.00	1.13	—
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:: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2025	Mar 2026
Equity Capital	0	149
	704	707
	50	64
Trade Payables	31	68
	535	516
Total Liabilities	1,320	1,505
	332	350
	294	298
	6	7
	475	572
Cash & Bank	53	37
	160	240
Total Assets	1,320	1,505

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2025	Mar 2026
	12	63
Cash from Investing	-38	-54
Cash from Financing	-70	-17
	-96	-9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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

485

508

531

541

540

585

591

595

598

471

499

515

541

531

575

564

596

Operating Profit

OPM %

2.94%

1.87%

3.06%

0.03%

1.64%

1.71%

2.82%

5.33%

0.30%

-87

-3

-22

Interest

Depreciation

Profit before Tax

-0

-80

-12

-1

-17

Tax %

4.28%

-2304.00%

5.69%

-10.00%

247.73%

-282.61%

27.13%

2.11%

25.35%

Net Profit

-6

-76

-13

-12

0.44

-0.40

-5.07

-0.89

0.09

0.41

-0.83

1.46

0.27

Mar 2025

Mar 2026

TTM

2,322

2,312

2,369

2,273

2,270

2,309

Operating Profit

OPM %

2.14%

1.79%

2.54%

-82

-15

Interest

Depreciation

Profit before Tax

-81

Tax %

-1.79%

-183.48%

-60.63%

Net Profit

-82

EPS

0.00

1.13

—

Dividend Payout %

—

0.00%

—

Mar 2025

Mar 2026

Equity Capital

149

704

707

Trade Payables

535

516

Total Liabilities

1,320

1,505

332

350

294

298

475

572

Cash & Bank

160

240

Total Assets

1,320

1,505

Mar 2025

Mar 2026

Cash from Investing

-38

-54

Cash from Financing

-70

-17

-96

-9

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