Bluspring Enterprises Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,213 Cr
- P/E
- 145.83
- ROE
- -0.53%
- Price to sales
- 0.63
- Debt to equity
- 0.20
- 52W high / low
- ₹173 / ₹44.7
- EBITDA margin
- 2.46%
- Net profit margin
- -0.16%
- Promoter holding
- 58.41%
- Sales (last year)
- ₹3,534 Cr
Incorporated in 2025, Bluspring Enterprises Ltd is in the business as an infrastructure services company[1]
Guidance scorecard · Q1 FY27 call
What Bluspring Enterprises Ltd's management guided
and where it ranks in Commercial Services & Supplies
Commercial Services & Supplies
RevenueQ1 FY27 call
40%+- Bluspring targets over INR4,700 crores revenue for FY27, a 42% YoY growth.
- Organic business growth is expected around 15%-16% revenue growth annually.
- New client onboarding contributes approximately 10% to revenue growth yearly.
- Existing clients contribute an additional 8%-10% growth through increased wallet share and expansion.
- The two acquisitions have accelerated growth, raising full-year revenue growth to about 42% and EBITDA growth to 65%.
- The foundit platform aims to reach breakeven by FY27-end with sales scaling up from INR25 crores in Q1.
- The security business is focused on margin improvement and volume growth after an initial dip due to Q1 seasonality.
2 more points from Bluspring Enterprises Ltd's call on revenue
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MarginsQ1 FY27 call
Up 2%+See what Bluspring Enterprises Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The company is focusing on integrating recent acquisitions (STEAG and LSG) to leverage synergies and improve operations rather than immediate further acquisitions in the current financial year.
- Capital is being directed towards accelerating debt repayment rather than new capital expenditure.
- Investments have been made in the food business in terms of sales, operational capabilities, and digitalization, which are contributing to growth.
- There is emphasis on building capabilities related to large contract execution, particularly in power O&M and facility management.
FundraisingQ1 FY27 call
See what Bluspring Enterprises Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- STEAG acquisition order book stands at approximately INR 5,200 crores, which is over five times the size of the Smart Infrastructure segment's current order book.
- For FY27, STEAG is expected to contribute close to INR 1,000 crores in revenues, with mobilizations already started from July 1 and August 1, 2026.
- STEAG's business EBITDA margin is estimated at 7% to 8%.
- The overall order book size post-acquisition also benefits from large deals accelerated by Bluspring's entrepreneurial capabilities.
2 more points from Bluspring Enterprises Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Commercial Services & Supplies
on management's own guidance
- Strong growth2
- 1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Commercial Services & Supplies companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Bluspring Enterprises LtdThis stock | 40%+ | Up 2%+ | ₹2,470 Cr | 162.7 |
| 2 | 40%+ | Up 2%+ | ₹41 Cr | 6.6 | |
| 3 | 40%+ | Flat | ₹556 Cr | 40.0 | |
| 4 | 40%+ | Flat | ₹102 Cr | 10.4 | |
| 5 | 20–40% | Up 2%+ | ₹3,473 Cr | 40.9 | |
| 6 | 20–40% | Up 0–2% | ₹872 Cr | 13.3 |
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Pro shows every company guiding 40%+ revenue growth →Full Commercial Services & Supplies rankingFinancials of Bluspring Enterprises Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Bluspring Enterprises Ltd
Shareholding breakup across reporting periods.
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Promoters + | 58.24% | 58.24% | 58.24% | 58.16% | 58.05% | 58.41% |
| FIIs + | 8.83% | 5.83% | 5.49% | 5.71% | 5.69% | 5.28% |
| DIIs + | 8.41% | 8.95% | 8.81% | 8.71% | 8.64% | 8.62% |
| Public + | 24.50% | 26.98% | 27.47% | 27.40% | 27.60% | 27.69% |
| No. of Shareholders | 1,15,089 | 1,07,788 | 1,01,112 | 87,200 | 81,683 | 78,334 |
Pros & Cons
Bluspring Enterprises Ltd
Key positives and risks surfaced from the company insights section.
- Stock is trading at 3.30 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -0.77% over last 3 years.
- Company's cost of borrowing seems high
- Stock is trading at 3.30 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -0.77% over last 3 years.
- Company's cost of borrowing seems high
Financials of Bluspring Enterprises Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 770.43 | 790.92 | 801.51 | 797.23 | 857.48 | 862.53 | 864.80 | 949.29 |
| Expenses + | 747.86 | 770.18 | 796.76 | 785.56 | 840.13 | 838.55 | 839.67 | 928.74 |
| Operating Profit | 22.57 | 20.74 | 4.75 | 11.67 | 17.35 | 23.98 | 25.13 | 20.55 |
| OPM % | 2.93% | 2.62% | 0.59% | 1.46% | 2.02% | 2.78% | 2.91% | 2.16% |
| Other Income + | 2.13 | -154.37 | -5.75 | -0.40 | 5.29 | -27.76 | 1.11 | 5.45 |
| Interest | 11.73 | 6.90 | 7.93 | 7.49 | 7.79 | 11.06 | 7.48 | 9.83 |
| Depreciation | 11.53 | 11.45 | 11.47 | 12.29 | 12.69 | 11.21 | 10.80 | 13.81 |
| Profit before tax | 1.44 | -151.98 | -20.40 | -8.51 | 2.16 | -26.05 | 7.96 | 2.36 |
| Tax % | -24.31% | 4.05% | 13.92% | -15.86% | -62.96% | -10.79% | 51.88% | 166.95% |
| Net Profit + | 1.78 | -158.13 | -23.24 | -7.15 | 3.52 | -23.24 | 3.82 | -1.59 |
| EPS in Rs | -0.32 | 0.35 | -1.34 | 0.28 | -0.03 |
Financials of Bluspring Enterprises Ltd
Profit & Loss
Annual income statement trend
| Mar 2024 11m | Dec 2024 11m | Mar 2025 14m | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales + | 2,682 | 2,682 | 3,484 | 3,382 | 3,534 |
| Expenses + | 2,604 | 2,604 | 3,401 | 3,328 | 3,447 |
| Operating Profit | 78 | 78 | 83 | 54 | 87 |
| OPM % | 2.9% | 2.9% | 2.4% | 1.6% | 2.5% |
| Other Income + | -158 | -158 | -163 | 3 | -16 |
| Interest | 30 | 30 | 38 | 34 | 36 |
| Depreciation | 39 | 39 | 50 | 47 | 49 |
| Profit before tax | -149 | -149 | -170 | -24 | -14 |
| Tax % | 4% | 4% | 6% | -6% | |
| Net Profit + | -156 | -156 | -179 | -23 | -17 |
| EPS in Rs | -1.03 | -0.74 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% |
Financials of Bluspring Enterprises Ltd
Balance Sheet
Capital structure and asset base
| Mar 2024 | Dec 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.00 | 149 | 149 | 149 |
| Reserves | 569 | 569 | 546 | 519 |
| Borrowings + | 160 | 160 | 140 | 136 |
| Other Liabilities + | 803 | 654 | 695 | 882 |
| Total Liabilities | 1,532 | 1,532 | 1,530 | 1,686 |
| Fixed Assets + | 495 | 495 | 502 | 512 |
| CWIP | 7 | 7 | 7 | 8 |
| Investments | 35 | 35 | 35 | 35 |
| Other Assets + | 995 | 995 | 986 | 1,130 |
| Total Assets | 1,532 | 1,532 | 1,530 | 1,686 |
Financials of Bluspring Enterprises Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2024 | Dec 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from Operating Activity + | -84 | -84 | -22 | 52 |
| Cash from Investing Activity + | -17 | -17 | 146 | 36 |
| Cash from Financing Activity + | -30 | -30 | -68 | -38 |
| Net Cash Flow | -130 | -130 | 56 | 50 |
| Free Cash Flow | -104 | -104 | -49 | 24 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -75% | -75% | 7% | 167% |
Financials of Bluspring Enterprises Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2024 | Dec 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 109 | 109 | 81 | 95 |
| Inventory Days | 14 | 14 | ||
| Days Payable | 76 | 76 | ||
| Cash Conversion Cycle | 47 | 47 | 81 | 95 |
| Working Capital Days | 34 | 34 | 23 | 21 |
| ROCE % | 4% | 5% |
Guidance history
How Bluspring Enterprises Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 40%+ | Up 2%+ | Planned | — | Rising |
| Q4 FY26 call → | 10–20% | Up 2%+ | Planned | Planned | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 10–20% | Up 0–2% | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
94 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +83.7% | 92% |
| Last 6 months | +129.0% | 98% |
| Last 3 months | +27.6% | 92% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Bluspring Enterprises Ltd: 0.4 × 92 + 0.4 × 98 + 0.2 × 92 = 94.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Bluspring Enterprises Ltd's management said in earlier quarters
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