Bluspring Enterprises Ltd
Incorporated in 2025, Bluspring Enterprises
Ltd is in the business as an infrastructure
services company[1]
- Market Cap ₹ 749 Cr.
- Current Price ₹ 50.2
- High / Low ₹ 101 / 42.0
- Stock P/E
- Book Value ₹ 46.2
- Dividend Yield 0.00 %
- ROCE 4.32 %
- ROE -5.12 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.09 times its book value
Cons
- Company has low interest coverage ratio.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Diversified Commercial Services
Part of BSE Allcap BSE Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 11m | Dec 2024 11m | Mar 2025 | TTM | |
|---|---|---|---|---|
| 2,682 | 2,682 | 3,484 | 3,319 | |
| 2,604 | 2,604 | 3,401 | 3,261 | |
| Operating Profit | 78 | 78 | 83 | 58 |
| OPM % | 3% | 3% | 2% | 2% |
| -158 | -158 | -163 | -29 | |
| Interest | 30 | 30 | 38 | 34 |
| Depreciation | 39 | 39 | 50 | 48 |
| Profit before tax | -149 | -149 | -170 | -53 |
| Tax % | 4% | 4% | 6% | |
| -156 | -156 | -179 | -50 | |
| EPS in Rs | ||||
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
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| TTM: | -250% |
| Stock Price CAGR | |
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| Return on Equity | |
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| Last Year: | -5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Dec 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.00 | 149 | 149 | 149 |
| Reserves | 569 | 569 | 546 | 539 |
| 160 | 160 | 140 | 243 | |
| 803 | 654 | 695 | 791 | |
| Total Liabilities | 1,532 | 1,532 | 1,530 | 1,722 |
| 495 | 495 | 502 | 495 | |
| CWIP | 7 | 7 | 7 | 0 |
| Investments | 35 | 35 | 35 | 35 |
| 995 | 995 | 986 | 1,192 | |
| Total Assets | 1,532 | 1,532 | 1,530 | 1,722 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Dec 2024 | Mar 2025 | |
|---|---|---|---|
| -84 | -84 | -22 | |
| -17 | -17 | 146 | |
| -30 | -30 | -68 | |
| Net Cash Flow | -130 | -130 | 56 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Dec 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 109 | 109 | 81 |
| Inventory Days | 14 | 14 | |
| Days Payable | 76 | 76 | |
| Cash Conversion Cycle | 47 | 47 | 81 |
| Working Capital Days | 34 | 34 | 23 |
| ROCE % | 4% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Total Headcount Numbers |
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| Meals Served per Day Numbers |
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| Metal Capacity Served (Industrial) MTPA |
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| New Contracts Added (Facility & Food) Numbers |
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| Security Headcount Numbers |
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| Sites Secured Numbers |
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| Space Managed Mn Sq. Ft. |
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| Telecom Network Nodes Maintained Monthly Numbers |
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Documents
Announcements
-
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
10h - Ashish Dhawan acquired 1.7M shares (open market) on 23-Mar-2026; now 6.10%.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 15h
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Announcement under Regulation 30 (LODR)-Acquisition
19 Mar - Bluspring subsidiary signed SPA on March 19, 2026 to acquire SESI for INR 180 crore, 100% stake.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
19 Mar - Bluspring to acquire 100% of STEAG India; adds INR600 crore revenue, ~7GW assets; closes in 60–90 days.
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Announcement under Regulation 30 (LODR)-Credit Rating
6 Mar - Ind-Ra assigns IND A/Stable to INR4,700m bank loans; IND A1 to INR1,000m CP (Mar 6, 2026).
Annual reports
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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Jun 2025TranscriptAI SummaryPPT
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Jun 2025TranscriptAI SummaryPPT
Business Overview:[1]
BSL is an integrated facility management service provider offering end-to-end solutions
like Soft Services, Hard Services / Engineering Services, Production Support Services, Hygiene Services, Technology Enabled Services