Bluspring Enterprises Ltd.
•₹ 128.989.34%
2026-08-21
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 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
EDIT COLUMNS| 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
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 | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — |
| Other Income | 5 | 2 | 1 | 3 | 3 | 3 | 3 | 4 | 4 |
| Interest | 5 | 5 | 3 | 3 | 4 | 4 | 6 | 4 | 4 |
| Depreciation | 7 | 6 | 6 | 6 | 7 | 7 | 6 | 5 | 7 |
| 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 | -0 | -5 | -1 | 0 | 0 | -1 | 1 | 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
- 485
- 471
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 5
- Depreciation
- 7
- 7
- Tax %
- 4.28%
- Net Profit
- 6
- 0
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 508
- 499
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 5
- Depreciation
- 6
- -0
- Tax %
- -2304.00%
- Net Profit
- -6
- -0
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 531
- 515
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 3
- Depreciation
- 6
- -80
- Tax %
- 5.69%
- Net Profit
- -76
- -5
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 541
- 541
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 3
- Depreciation
- 6
- -12
- Tax %
- -10.00%
- Net Profit
- -13
- -1
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 540
- 531
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 4
- Depreciation
- 7
- -1
- Tax %
- 247.73%
- Net Profit
- 1
- 0
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 585
- 575
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 4
- Depreciation
- 7
- 2
- Tax %
- -282.61%
- Net Profit
- 6
- 0
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 591
- 575
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 6
- Depreciation
- 6
- -17
- Tax %
- 27.13%
- Net Profit
- -12
- -1
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 595
- 564
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 4
- Depreciation
- 5
- 22
- Tax %
- 2.11%
- Net Profit
- 22
- 1
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 598
- 596
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 4
- Depreciation
- 7
- 5
- Tax %
- 25.35%
- Net Profit
- 4
- 0
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 149
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 62 | 80 | — |
| OPM % | 3 | 3 | — |
| Other Income | 12 | 38 | 13 |
| Interest | 19 | 19 | 18 |
| Depreciation | 29 | 26 | 26 |
| -81 | 6 | 12 | |
| Tax % | -2 | -183 | -61 |
| Net Profit | -82 | 17 | 19 |
| EPS | 0 | 1 | — |
| Dividend Payout % | — | 0 | — |
| Minority Interest | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 |
| Adjusted EPS | 0 | 1 | — |
| Minority Interest | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 |
| Adjusted EPS | 0 | 1 | — |
Mar 2025
- 2,322
- 2,273
- Operating Profit
- 62
- OPM %
- 3
- Other Income
- 12
- Interest
- 19
- Depreciation
- 29
- -81
- Tax %
- -2
- Net Profit
- -82
- EPS
- 0
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2026
- 2,312
- 2,270
- Operating Profit
- 80
- OPM %
- 3
- Other Income
- 38
- Interest
- 19
- Depreciation
- 26
- 6
- Tax %
- -183
- Net Profit
- 17
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
TTM
- 2,369
- 2,309
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 18
- Depreciation
- 26
- 12
- Tax %
- -61
- Net Profit
- 19
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- 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:
- 2%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2025 | Mar 2026 | |
|---|---|---|
| LIABILITIES | - | - |
| Equity Capital | 0 | 149 |
| 704 | 707 | |
| 32 | 35 | |
| Trade Payables | 31 | 68 |
| 552 | 545 | |
| Total Liabilities | 1,320 | 1,505 |
| ASSETS | - | - |
| 332 | 350 | |
| 294 | 298 | |
| 6 | 7 | |
| 475 | 572 | |
| Cash & Bank | 53 | 37 |
| 160 | 240 | |
| Total Assets | 1,320 | 1,505 |
| Total Debt | 32 | 35 |
| Net Working Capital | 227 | 184 |
| Contingent Liabilities | 7 | 7 |
| Book Value per Share | 0.00 | 57.43 |
| Face Value | 0.00 | 10.00 |
| Total Debt | 32 | 35 |
| Net Working Capital | 227 | 184 |
| Contingent Liabilities | 7 | 7 |
| Book Value per Share | 0.00 | 57.43 |
| Face Value | 0.00 | 10.00 |
Mar 2025
- Equity Capital
- 0
- 704
- 32
- Trade Payables
- 31
- 552
- Total Liabilities
- 1,320
- 332
- 294
- 6
- 475
- Cash & Bank
- 53
- 160
- Total Assets
- 1,320
- Total Debt
- 32
- Net Working Capital
- 227
- Contingent Liabilities
- 7
- Book Value per Share
- 0.00
- Face Value
- 0.00
- Total Debt
- 32
- Net Working Capital
- 227
- Contingent Liabilities
- 7
- Book Value per Share
- 0.00
- Face Value
- 0.00
Mar 2026
- Equity Capital
- 149
- 707
- 35
- Trade Payables
- 68
- 545
- Total Liabilities
- 1,505
- 350
- 298
- 7
- 572
- Cash & Bank
- 37
- 240
- Total Assets
- 1,505
- Total Debt
- 35
- Net Working Capital
- 184
- Contingent Liabilities
- 7
- Book Value per Share
- 57.43
- Face Value
- 10.00
- Total Debt
- 35
- Net Working Capital
- 184
- Contingent Liabilities
- 7
- Book Value per Share
- 57.43
- Face Value
- 10.00
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 | |
| Free Cash Flow | 12 | 22 |
| OCF / Net Profit | -0.15 | 3.73 |
| Cumulative 5-Year FCF | 0 | 0 |
| OCF / Net Profit | -0.15 | 3.73 |
| Cumulative 5-Year FCF | 0 | 0 |
Mar 2025
- 12
- Cash from Investing
- -38
- Cash from Financing
- -70
- -96
- Free Cash Flow
- 12
- OCF / Net Profit
- -0.15
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.15
- Cumulative 5-Year FCF
- 0
Mar 2026
- 63
- Cash from Investing
- -54
- Cash from Financing
- -17
- -9
- Free Cash Flow
- 22
- OCF / Net Profit
- 3.73
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.73
- Cumulative 5-Year FCF
- 0
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2025 | Mar 2026 | |
|---|---|---|
| PER SHARE | - | - |
| EPS (₹) | 0.00 | 1.13 |
| Book Value (₹) | 0.00 | 57.43 |
| Dividend per Share (₹) | 0.00 | 0.00 |
| Cash EPS (₹) | 0.00 | 2.88 |
| PROFITABILITY | - | - |
| Operating Margin % | 2.14% | 1.79% |
| Net Margin % | -3.55% | 0.73% |
| ROE % | -11.71% | 2.15% |
| ROCE % | -6.87% | 2.72% |
| -6.25% | 1.19% | |
| EFFICIENCY | - | - |
| Debtor Days | 75 | 83 |
| Inventory Days | 1 | 1 |
| Payable Days | 50 | 70 |
| 26 | 14 | |
| FINANCIAL HEALTH | - | - |
| Debt to Equity (x) | 0.05x | 0.04x |
| Interest Coverage (x) | -3.16x | 1.32x |
| 1.67x | 1.38x | |
| GROWTH | - | - |
| Revenue Growth % | 0.00% | -0.46% |
| Operating Profit Growth % | 0.00% | 29.26% |
| Net Profit Growth % | 0.00% | 120.37% |
| 0.00% | 0.00% | |
| VALUATION | - | - |
| P/E (x) | 0.00x | 45.26x |
| P/B (x) | 0.00x | 0.89x |
| Dividend Yield % | 0.00% | 0.00% |
| 0.00x | 9.52x |
Mar 2025
- EPS (₹)
- 0.00
- Book Value (₹)
- 0.00
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.00
- Operating Margin %
- 2.14%
- Net Margin %
- -3.55%
- ROE %
- -11.71%
- ROCE %
- -6.87%
- -6.25%
- Debtor Days
- 75
- Inventory Days
- 1
- Payable Days
- 50
- 26
- Debt to Equity (x)
- 0.05x
- Interest Coverage (x)
- -3.16x
- 1.67x
- 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 (₹)
- 1.13
- Book Value (₹)
- 57.43
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.88
- Operating Margin %
- 1.79%
- Net Margin %
- 0.73%
- ROE %
- 2.15%
- ROCE %
- 2.72%
- 1.19%
- Debtor Days
- 83
- Inventory Days
- 1
- Payable Days
- 70
- 14
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 1.32x
- 1.38x
- Revenue Growth %
- -0.46%
- Operating Profit Growth %
- 29.26%
- Net Profit Growth %
- 120.37%
- 0.00%
- P/E (x)
- 45.26x
- P/B (x)
- 0.89x
- Dividend Yield %
- 0.00%
- 9.52x
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
Credit Ratings
- Credit Rating
2026-07-29 - Bluspring Enterprises Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
Jul 2026
May 2026