BLUSPRINGServices

Bluspring Enterprises Limited

Diversified Commercial Services · ISIN INE0U4101014 · BSE 544414 · NSE EQ · FV ₹10
Last price
₹124
-0.59%today
What this company does

Bluspring Enterprises Limited operates in Diversified Commercial Services, part of the Services sector. It booked ₹949 cr of revenue in its latest quarter (Q1 FY27) and kept -0.2% of sales as profit. It is the 6th largest of 9 Diversified Commercial Services companies we track, by market value.

34out of 100
Equitytale Health Score
Strained

Healthier than 34% of companies in Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 85–116 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
49

At close. Not part of the score.

Profitability & returns16

How much profit it earns on the money it employs

Balance sheet45

How much it owes, and whether earnings cover the interest

Valuation7

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
Sales up 19% vs last year
Promoters hold 58%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -0.2% net margin
! Low -0.9% return on equity
! Operating cash flow is negative

What if I invest in BLUSPRING?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹124 -0.59%
latest close · 2026-09-17
52-wk low ₹10142 sessions so far52-wk high ₹140
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio9.76High
Below bookModerateHigh
EV / EBITDA63.2High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-0.9%Loss
WeakFairStrong ▸15%
Return on capital5.2%Weak
WeakFairStrong
Net margin-0.2%Loss
ThinDecentStrong
EBITDA margin2.7%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.11Comfortable
LowModerateHigh ▸1
Interest cover1.2×Risky
RiskyOkayStrong ▸5×
Current ratio1.33Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹6,520 cr
Book value
₹13
EPS
₹-0.03
latest quarter
Net debt
₹30 cr
owes more than its cash
Enterprise value
₹6,550 cr
EBITDA
₹104 cr
annualised
EBIT
₹48 cr
annualised
Operating margin
1.3%
Return on assets
-0.4%
Earnings yield
P/S
1.72
Sales / share
₹72.1
Tax rate
173.0%
Face value
₹10
Shares
52.7 cr
Working capital
₹251 cr
Current assets
₹1,005 cr
Current liabilities
₹753 cr
Delivery %
44.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹949 cr
Other Income₹5 cr
Total Income₹955 cr
Cost of Materials₹65 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹756 cr
Finance Costs₹10 cr
Depreciation & Amortisation₹14 cr
Other Expenses₹108 cr
Total Expenses₹952 cr
Profit before Tax₹2 cr
Tax Expense₹4 cr
Share of JV / Associates₹8.3 L
Net Profit₹-2 cr
Net margin on total income-0.2%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹65 cr6.8%
Employee benefit expense₹756 cr79.0%
Finance costs₹10 cr1.0%
Depreciation & amortisation₹14 cr1.4%
Other expenses₹108 cr11.3%
Tax expense₹4 cr0.4%
Total income ₹955 cr

The company made a net loss of ₹2 cr this quarter — income covered only 100 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue863 cr865 cr949 cr
Total income865 cr871 cr955 cr
Expenses861 cr858 cr952 cr
Profit before tax-26 cr8 cr2 cr
Tax-3 cr4 cr4 cr
Net profit (owners' share)-20 cr4 cr-2 cr
Net margin (owners' share, on revenue)-2.3%0.5%-0.2%
EPS (₹)-1.340.28-0.03
YoY (latest quarter): total income +19.6% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,690 cr
Shareholder equity
₹668 cr
parent shareholders
Total debt
₹80 cr
Cash
₹50 cr
Cash flow · H1 FY26
Operating
₹-127 cr
Investing
₹-6 cr
Financing
₹92 cr
Peer comparison
Diversified Commercial Services · by market value
CompanyPriceMarket capP/E
International Gemological Institute Limited₹315₹13,591 cr20.5
WeWork India Management Limited₹683₹9,464 cr
Nesco Limited₹1,082₹7,619 cr19.1
Inox Green Energy Services Limited₹175₹7,012 cr43.2
Indiabulls Limited₹30₹6,637 cr11.6
Bluspring Enterprises Limitedthis company₹124₹6,520 cr
Smartworks Coworking Spaces Limited₹520₹5,941 cr113.0
LEAP India Limited₹136₹5,619 cr56.8
Quess Corp Limited₹353₹5,272 cr16.0
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
58.0%
FII / Foreign
5.7%
DII / Domestic
8.7%
Retail / others
27.6%
Promoter stake up 1.1% over the last 6 quarters.
Smart-money activity
Insider trades
BoughtNitin Trikha · -10,000 · ₹7.8 L27 Jun 25
BoughtAjit Isaac · Promoters2.89 L · ₹2.3 cr27 Jun 25
BoughtKamal Pal Hoda · Director20,000 · ₹13.8 L26 Jun 25
Bulk / block deals
SoldJUNOMONETA FINSOL PRIVATE LIMITED · NSE7.52 L @ ₹103.6517 Jun 26
BoughtJUNOMONETA FINSOL PRIVATE LIMITED · NSE7.50 L @ ₹103.4917 Jun 26
BoughtASHISH DHAWAN · NSE17.00 L @ ₹45.5523 Mar 26
Stake changes
BoughtAshish Dhawan→ 6.10% · 17.00 L23 Mar 26
BoughtAJit Isaac · promoter→ 13.28% · 18.84 L27 Jun 25
BoughtIsaac Enterprises LLP · promoter→ 10.32% · 1.54 cr11 Jun 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 31 Aug 2026
See the official result
1
To receive, consider, and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
2.58 cr votes for, 454 against · 0% of mutual funds and other big investors said no
2
To receive, consider and adopt the Audited Consolidated Financial Statements along with the Auditor`s Report of the Company for the Financial Year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
2.58 cr votes for, 454 against · 0% of mutual funds and other big investors said no
3
To appoint Mr. Anish Thurthi (DIN:08713000) as a Director, liable to retire by rotation and being eligible,offers himself for re-appointment.
Backed by 97% of shareholders other than promotersneeded 50%
2.50 cr votes for, 8.09 L against · 6% of mutual funds and other big investors said no
4
To consider and approve the borrowing powers of the Company under Section 180(1)(c) of the Companies Act, 2013.
Backed by 98% of shareholders other than promotersneeded 75%
2.54 cr votes for, 4.01 L against · 3% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 4 named members
owning 58.0% between them · as of 2026-06-30
FAIRBRIDGE CAPITAL MAURITIUS LIMITED34.03%
AJIT ISAAC13.24%
ISAAC ENTERPRISES LLP10.28%
HWIC ASIA FUND CLASS A SHARES0.50%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.