Bluspring Enterprises Ltd.

•

₹ 128.989.34%

2026-08-21

bluspring.comBSE: 544414NSE: BLUSPRING

Market Cap₹ 1,791 Cr.

Current Price₹ 118

High / Low₹ 132 / 44

Stock P/E—

Book Value₹ 42

Price to Book1.22

Dividend Yield0.00 %

ROCE1.3 %

ROE-4.1 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Facility Management & Food Services: 60.0% • Security Services: 19.5% • Telecom & Industrials: 18.2% • Foundit: 2.3%

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

EDIT COLUMNS

ServicesBusiness ServicesProfessional Services

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	URBANCO	147.40	0.00	22731.74	0.00	-921.20	-13373.78	5283.40	1338.56	-8.23	-18.44
2.	BLS	271.30	15.83	11170.53	0.92	201.62	11.41	890.53	25.33	41.51	28.34
3.	SIS	413.85	39.92	5848.98	1.69	101.66	9.37	4603.58	29.73	7.39	4.66
4.	QUESS	336.50	19.90	5025.96	3.27	82.12	61.07	4181.68	14.52	24.72	2.02
5.	BLSE	314.00	49.09	2852.89	0.16	18.63	6.30	304.09	24.63	17.52	6.98
6.	TEAMLEASE	1239.85	12.80	1894.66	0.00	34.45	37.74	3034.69	4.96	14.52	1.05
7.	BLUSPRING	119.80	0.00	1791.04	0.00	-1.58	77.90	949.29	19.07	1.32	2.17
8.	KAPSTON	523.40	52.23	1592.82	0.00	84.89	1284.83	2216.57	1062.33	13.16	6.56
9.	UDS	216.75	16.72	1451.21	0.00	30.28	4.47	764.29	9.15	9.99	5.54
10.	GCSL	522.95	46.36	1263.41	0.13	12.80	1240.31	37.52	70.71	21.85	46.76
11.	KRYSTAL	628.70	14.31	878.42	0.24	17.41	5.92	360.71	11.65	17.52	6.33
12.	INNOVISION	266.95	17.22	635.70	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	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—
Other Income	0	2	1	0	1	5	2	7	5
Interest	7	12	7	8	7	8	11	7	10
Depreciation	11	12	11	11	12	13	11	11	14
	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	0	-11	-1	-0	0	-1	0	-0
Equity Capital	149	149	149	149	149	149	149	149	149
Reserves	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	149	149	149	149	149	149	149	149	149
Reserves	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2024

: 723
: 705
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 7
Depreciation: 11
: 1
Tax %: 99.24%
Net Profit: 0
: 0
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 770
: 748
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 12
Depreciation: 12
: 1
Tax %: -23.61%
Net Profit: 0
: 0
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 791
: 770
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 7
Depreciation: 11
: -152
Tax %: -4.05%
Net Profit: 0
: -11
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 802
: 797
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 8
Depreciation: 11
: -20
Tax %: -13.92%
Net Profit: -23
: -1
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 797
: 786
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 7
Depreciation: 12
: -9
Tax %: 15.86%
Net Profit: -7
: -0
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 857
: 840
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 8
Depreciation: 13
: 2
Tax %: -62.96%
Net Profit: 4
: 0
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 863
: 839
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 11
Depreciation: 11
: -26
Tax %: 10.79%
Net Profit: -23
: -1
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 865
: 840
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 7
Depreciation: 11
: 8
Tax %: 51.88%
Net Profit: 4
: 0
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 949
: 952
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 10
Depreciation: 14
: 2
Tax %: 166.93%
Net Profit: -2
: -0
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 149
Reserves: 0
Promoter Pledge %: 0.00%

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	87	94	—
OPM %	3	3	—
Other Income	5	40	19
Interest	38	34	36
Depreciation	50	47	49
	-170	-24	-14
Tax %	-6	6	-29
Net Profit	-179	-23	-17
EPS	0	-1	—
Dividend Payout %	—	0	—
Minority Interest	7	8	-3
Share of Associates	0	0	0
Adjusted EPS	0	-1	—
Minority Interest	7	8	-3
Share of Associates	0	0	0
Adjusted EPS	0	-1	—

Mar 2025

: 3,484
: 3,401
Operating Profit: 87
OPM %: 3
Other Income: 5
Interest: 38
Depreciation: 50
: -170
Tax %: -6
Net Profit: -179
EPS: 0
Dividend Payout %: —
Minority Interest: 7
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 7
Share of Associates: 0
Adjusted EPS: 0

Mar 2026

: 3,382
: 3,328
Operating Profit: 94
OPM %: 3
Other Income: 40
Interest: 34
Depreciation: 47
: -24
Tax %: 6
Net Profit: -23
EPS: -1
Dividend Payout %: 0
Minority Interest: 8
Share of Associates: 0
Adjusted EPS: -1
Minority Interest: 8
Share of Associates: 0
Adjusted EPS: -1

TTM

: 3,534
: 3,471
Operating Profit: —
OPM %: —
Other Income: 19
Interest: 36
Depreciation: 49
: -14
Tax %: -29
Net Profit: -17
EPS: —
Dividend Payout %: —
Minority Interest: -3
Share of Associates: 0
Adjusted EPS: —
Minority Interest: -3
Share of Associates: 0
Adjusted EPS: —

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:: 40%

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
LIABILITIES	-	-
Equity Capital	0	149
	501	475
	79	80
Trade Payables	66	127
	893	851
Total Liabilities	1,540	1,682
ASSETS	-	-
	502	513
	35	35
	7	7
	776	877
Cash & Bank	68	55
	151	196
Total Assets	1,540	1,682
Total Debt	79	80
Net Working Capital	288	251
Contingent Liabilities	25	27
Book Value per Share	0.00	41.87
Face Value	0.00	10.00
Total Debt	79	80
Net Working Capital	288	251
Contingent Liabilities	25	27
Book Value per Share	0.00	41.87
Face Value	0.00	10.00

Mar 2025

Equity Capital: 0
: 501
: 79
Trade Payables: 66
: 893
Total Liabilities: 1,540
: 502
: 35
: 7
: 776
Cash & Bank: 68
: 151
Total Assets: 1,540
Total Debt: 79
Net Working Capital: 288
Contingent Liabilities: 25
Book Value per Share: 0.00
Face Value: 0.00
Total Debt: 79
Net Working Capital: 288
Contingent Liabilities: 25
Book Value per Share: 0.00
Face Value: 0.00

Mar 2026

Equity Capital: 149
: 475
: 80
Trade Payables: 127
: 851
Total Liabilities: 1,682
: 513
: 35
: 7
: 877
Cash & Bank: 55
: 196
Total Assets: 1,682
Total Debt: 80
Net Working Capital: 251
Contingent Liabilities: 27
Book Value per Share: 41.87
Face Value: 10.00
Total Debt: 80
Net Working Capital: 251
Contingent Liabilities: 27
Book Value per Share: 41.87
Face Value: 10.00

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
Free Cash Flow	-22	8
OCF / Net Profit	0.12	-2.24
Cumulative 5-Year FCF	0	0
OCF / Net Profit	0.12	-2.24
Cumulative 5-Year FCF	0	0

Mar 2025

: -22
Cash from Investing: -21
Cash from Financing: -68
: -111
Free Cash Flow: -22
OCF / Net Profit: 0.12
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.12
Cumulative 5-Year FCF: 0

Mar 2026

: 52
Cash from Investing: -20
Cash from Financing: -38
: -7
Free Cash Flow: 8
OCF / Net Profit: -2.24
Cumulative 5-Year FCF: 0
OCF / Net Profit: -2.24
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026
PER SHARE	-	-
EPS (₹)	0.00	-1.03
Book Value (₹)	0.00	41.87
Dividend per Share (₹)	0.00	0.00
Cash EPS (₹)	0.00	1.61
PROFITABILITY	-	-
Operating Margin %	2.36%	1.60%
Net Margin %	-5.14%	-0.68%
ROE %	-35.75%	-4.09%
ROCE %	-16.95%	1.32%
	-11.63%	-1.43%
EFFICIENCY	-	-
Debtor Days	81	89
Inventory Days	1	1
Payable Days	105	135
	-23	-45
FINANCIAL HEALTH	-	-
Debt to Equity (x)	0.16x	0.13x
Interest Coverage (x)	-3.41x	0.29x
	1.47x	1.33x
GROWTH	-	-
Revenue Growth %	0.00%	-2.91%
Operating Profit Growth %	0.00%	7.30%
Net Profit Growth %	0.00%	87.14%
	0.00%	0.00%
VALUATION	-	-
P/E (x)	0.00x	0.00x
P/B (x)	0.00x	1.22x
Dividend Yield %	0.00%	0.00%
	0.00x	8.38x

Mar 2025

EPS (₹): 0.00
Book Value (₹): 0.00
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.00
Operating Margin %: 2.36%
Net Margin %: -5.14%
ROE %: -35.75%
ROCE %: -16.95%
: -11.63%
Debtor Days: 81
Inventory Days: 1
Payable Days: 105
: -23
Debt to Equity (x): 0.16x
Interest Coverage (x): -3.41x
: 1.47x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2026

EPS (₹): -1.03
Book Value (₹): 41.87
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.61
Operating Margin %: 1.60%
Net Margin %: -0.68%
ROE %: -4.09%
ROCE %: 1.32%
: -1.43%
Debtor Days: 89
Inventory Days: 1
Payable Days: 135
: -45
Debt to Equity (x): 0.13x
Interest Coverage (x): 0.29x
: 1.33x
Revenue Growth %: -2.91%
Operating Profit Growth %: 7.30%
Net Profit Growth %: 87.14%
: 0.00%
P/E (x): 0.00x
P/B (x): 1.22x
Dividend Yield %: 0.00%
: 8.38x

Shareholding Pattern

Numbers in percentages

TRADES

	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

Jun 2025

: 58.24
: 8.83
: 8.41
Government: 0.00
: 24.52

Sep 2025

: 58.24
: 5.83
: 8.95
Government: 0.00
: 26.99

Dec 2025

: 58.24
: 5.49
: 8.81
Government: 0.00
: 27.47

Mar 2026

: 58.17
: 5.71
: 8.71
Government: 0.00
: 27.41

Jun 2026

: 58.05
: 5.69
: 8.64
Government: 0.00
: 27.61

Documents

Announcements

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

Annual Reports

Annual Report FY2025
2025

Credit Ratings

Credit Rating
2026-07-29 - Bluspring Enterprises Limited has informed the Exchange about Credit Rating

Concalls

Aug 2026
TranscriptPPTREC
Jul 2026
TranscriptPPTREC
May 2026
Transcript PPTREC