AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 10 Sep - Arjun Makhecha resigns; Raman Sapra appointed Company Secretary from September 11, 2026.
Source: Bse
Bluspring Enterprises Limited (BLUSPRING)
Small CapFinancial Services stocks · Small cap · NSE
Bluspring Enterprises Limited operates in Services, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹155.35
-6.09 · -3.77%
Market cap ₹2,150 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:15 pm ISTDetails
Quote21 Oct, 03:15 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result01 Aug, 02:36 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
69Bullishfull bull SMA stack · SMA20 +13.7% / mo · MACD + · near 52W high
Stock trend: 85
Sector RS: 46
Sector 3M: -5.8% vs Nifty 500 -5.8%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
BLUSPRINGD candles · FIT view+150.2%TODAY · PROVISIONALLatest price ₹155.35 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-3.5%
RSI
57
MACD hist
0.85
52W pos
81%
2026-10-21O ₹161.00H ₹163.20L ₹152.59C ₹155.35Vol 2.7L shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
BLUSPRINGNifty Financial ServicesNifty 500
- BLUSPRING
- +47.2%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- +52.8 pp
Chart stats
19 Oct 2026- From 52W high
- -11.2%
- 52W range position
- 85%
- ATR (14)
- 7.2%
- Volume vs 20D
- 0.35x
- Avg traded value
- ₹15.1 Cr
- 20D price channel
- ₹121.5 - ₹181.9
₹181.9
₹44 - ₹181.9
₹11.6
Latest completed session
20-session average
63.5% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Momentum only
Trend is strong but fundamentals do not support a clean investment thesis.
U-Score
Legacy · OVERVALUED14
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good55
Revenue +19.1% · PAT NDF YoY
Technical
Bullish69
Price trend and sector-relative-strength timing.
Valuation
Legacy model-1982.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence70
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 55/100Rev +19% YoY · margin expansion · +10% QoQ
Filed 31 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹949.3 Cr | +19.1% | +9.8% |
| EBITDA | ₹20.6 Cr | +76.1% | -18.2% |
| Operating margin | 2.2% | +70 bps | -75 bps |
| PAT | ₹-1.6 Cr | NDF | -141.6% |
| PAT margin | -0.2% | +73 bps | -61 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 142.00
- P/B
- 3.21
- EV/EBITDA
- 16.81
- Market Cap
- 2150.00Cr
Profitability
- ROE
- -0.53%
- ROCE
- 5.22%
- ROA
- -1.01%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 7.14%
- EPS 5Y
- —
- Revenue 3Y
- -1.00%
- EPS 3Y
- -1.00%
Balance Sheet
- Debt/Equity
- 0.20
- Interest Coverage
- 2.42×
- Altman Z
- 4.11
- Book Value
- 44.80
Cash Flow
- FCF Yield
- 4.09%
- FCF Positive Y
- 2/5
- OCF
- 52.00 Cr
- EPS TTM
- -0.74
Shareholding
- Promoter Hold
- 58.05%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 93%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 3,382-2.9% vs prev
Net Profit
₹ CrLatest: -23.0+87.2% vs prev
Return on Equity
%Latest: -3.4+86.6% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 57. Wait for confirmation.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~13.3% over last month) — short-term momentum positive.
- RSI(14) at 57 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 15% off 52W high · 253% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
97
RS percentile
Stage 2 UptrendEstablished S2
1M return
+30.9%
3M return
+47.2%
6M return
+152.3%
1Y return
+100.3%
RS 1D
0
RS 20D
+5
Sector rank
#10
Industry rank
#16
Stage evidence
- Price is 60.3% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +14.7%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
17 Jun 2026
S2 age
87 trading sessions
Sector
weakening
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 210.29-1.26%
RS vs Nifty 500210
Valuation & peers
U-Score 14 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 14 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth2/25
Quality0/20
Balance Sheet7/15
Cash Flow5/10
Piotroski
4/9 (+1)
Penalties
-1
Raw sum
14
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
14/100 · legacy band OVERVALUED
Positive drivers
- FCF yield is supportive at 4.1%.
- Cash flow contributes 5/10 to the score.
- Balance sheet contributes 7/15 to the score.
Main drags
- Penalty bucket subtracts 1 points.
- Fair-value margin of safety is negative at -1982.1%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
142.0
PB
3.2
EV/EBITDA
16.8
ROE
-0.5%
ROCE
5.2%
FCF Yield
4.1%
Debt/Equity
0.2
MoS
-1982.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
14
Previous: 14
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-1982.1%
Previous: -1982.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
14
14
14
14
14
14
14
14
14
14
14
14
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
6.8
Growth-justified Value
—
-1982.1% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
GCSL
Small
Gretex Corporate Services Limited
Financial Services
match 87
31
62.6
12.7%
-146%
OVERVALUED
HEADSUP
Small
Heads UP Ventures Limited
Financial Services
match 79
4
—
-0.2%
—
OVERVALUED
RNFI
SME
RNFI Services Ltd.
Financial Services
match 75
52
28.0
23.0%
-9%
FAIR VALUE
AKIKO
SME
Akiko Global Services Ltd.
Financial Services
match 73
52
24.0
29.4%
+7%
FAIR VALUE
PNBGILTS
Small
PNB Gilts Limited
Financial Services
match 57
30
6.8
11.0%
-146%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Bluspring Enterprises Limited operates in Services, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
70Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 63rd percentile of the scored universe and 75th percentile within Financial Services. Main check: financial discipline is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
28 docs text-extracted · 8 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
63rd percentile
overall median 67 · Financial Services: 75th pctile, median 62 · Small: 65th pctile, median 66
Evidence depth
Financial-only
28 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
65
acceptable · profit to cash conversion
Balance sheet
88
strong · leverage and solvency
Discipline
40
weak · capital discipline
Results
75
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 58.1%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 2.6%.
- ▸Debt/equity is 0.08.
Trust risks
- ▸ROCE is low at 5.8%.
- ▸ROE is low at 4.2%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Bluspring Enterprises Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Credit ratingSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Credit Rating 8 Sep - India Ratings assigned Vedang Cellular Services bank loans of ₹500 million IND A/Stable/IND A1 on September 8, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 26 Sep
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Aug
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 26 Jun - STEAG Energy Services wins five-year O&M contract extension for 600 MW plant worth Rs 406.43 crore from July 1, 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 5 Jun - Subsidiary wins ₹2,049.8 crore, 60-month O&M contract for BALCO’s 1,740 MW power plant from July 1, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 6 Jul - STEAG India’s order book reaches ₹5,100 Cr after four long-term deals, including BALCO and Vedanta contracts.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 3 Jul - Steag Energy Services won 1,215 MW captive power plant O&M contract from VAML, worth ₹1,437.17 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 26 Jun - STEAG Energy Services won five-year O&M contract extension for Vedanta Aluminium's 1,800 MW thermal plant, valued at Rs. 1,219.85 crore.
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.