NSE₹2255.00+1.2%BSE₹1800.50-0.5%HDFC₹1650.10+0.8%TCS₹3500.00+2.1%RELIANCE₹2800.00-0.3%INFY₹1450.00+1.5%HINDUNILVR₹2500.00+0.9%ITC₹300.00-1.0%LT₹2000.00+1.8%SBIN₹600.00-0.2%AXISBANK₹700.00+0.4%ICICIBANK₹800.00+1.1%NSE₹2255.00+1.2%BSE₹1800.50-0.5%HDFC₹1650.10+0.8%TCS₹3500.00+2.1%RELIANCE₹2800.00-0.3%INFY₹1450.00+1.5%HINDUNILVR₹2500.00+0.9%ITC₹300.00-1.0%LT₹2000.00+1.8%SBIN₹600.00-0.2%AXISBANK₹700.00+0.4%ICICIBANK₹800.00+1.1%
Blu-smart Mobility

Blu-smart Mobility

2,100 - ₹3,500
LTP:2,100
Min Qty:714
LTP:2,600
Min Qty:873
LTP:2,700
Min Qty:548
LTP:2,800
Min Qty:797
LTP:2,900
Min Qty:501
Fundamentals

Quick Insights

  • Largest EV Ride-Hailing Network: BluSmart is India’s first and largest all-electric ride-hailing service and EV charging infrastructure network​.
  • Extensive Charging Infrastructure: BluSmart has established a robust network of EV charging superhubs, with over 2,850 charging guns (AC and DC)​.
  • Strong Technological Integration: Their proprietary tech stack supports efficient fleet management, charging station optimization, and ride assignment​.
  • Sustainability-Focused Brand: Commitment to "Zero Emissions, Zero Cancellations, and Zero Surge Pricing" enhances customer satisfaction and brand reputation​.
  • Recognition and Awards: BluSmart has received accolades like LinkedIn’s Top 25 Startups and the Delhi Government's EV Ride-Hailing Service award.
Market Cap₹585.29 Cr
PE Ratio-2.71
EPS-₹1006.08
Dividend Yield0%
Book Value₹-₹1,169.05
Debt/Equity-3.17
Price/Book0
Industry PE0
Sales₹57.27 Cr
Profit After Tax-₹215.9 Cr
ISININE000000009
SectorAutomotive Electric vehicles/Transportation
About Company

BluSmart Mobility, launched in 2019, is India's first and largest all-electric cab-hailing service. With a fleet of 3,000 electric vehicles, the company offers zero-emission rides, zero surge pricing, and zero ride denials.

By building its own charging infrastructure through strategic partnerships, BluSmart has completed over 140 million clean kilometers, saving more than 9,800 tonnes of CO₂ emissions to date.

Latest News
No news available.
Strengths & Weaknesses

Strengths

Largest EV Ride-Hailing Network: BluSmart is India’s first and largest all-electric ride-hailing service and EV charging infrastructure network​.
Extensive Charging Infrastructure: BluSmart has established a robust network of EV charging superhubs, with over 2,850 charging guns (AC and DC)​.
Strong Technological Integration: Their proprietary tech stack supports efficient fleet management, charging station optimization, and ride assignment​.
Sustainability-Focused Brand: Commitment to "Zero Emissions, Zero Cancellations, and Zero Surge Pricing" enhances customer satisfaction and brand reputation​.
Recognition and Awards: BluSmart has received accolades like LinkedIn’s Top 25 Startups and the Delhi Government's EV Ride-Hailing Service award.

Weaknesses

Financial Losses: Despite a significant revenue increase, the company continues to incur high losses (Rs. 21,608.68 lakhs consolidated loss for FY 2022-23)​.
High Operational Costs: Scaling up EV fleet operations and maintaining charging infrastructure requires substantial investment​.
Limited Geographic Presence: Operations are currently restricted to Delhi NCR and Bengaluru, limiting market reach​.
Annual Reports

No annual reports available.

Balance SheetFY2023FY2022
Equity Capital2.152.14
Reserves-253.26-49.48
Total Equity-251.11-47.34
Borrowings628.46217.07
Provisions0.900.33
Other Non Current Liabilities595.14134.47
Total Non Current Liabilities 1224.50351.87
Borrowings168.4152.31
Other Current Liabilities172.3147.44
Total Current Liabilities340.7399.74
Equity + Liabilities1314.12404.28
Fixed Assets (incl. WIP)22.265.04
Other Non Current Assets1018.43258.45
Total Non Current Assets1040.68263.49
Trade Receivables0.360.07
Cash & Cash Equivalents227.78120.62
Other Current Assets45.2920.10
Total Current Assets273.43140.79
Total Assets1314.12404.28
Profit & LossFY2023FY2022
Revenue from Operations57.273.78
Growth %1415.60%0
Operating Expenses125.4742.33
Growth %196.41%0
Operating Profit-68.20-38.55
Op. Profit Margin %-119.08%-1020.17%
Other Income13.634.27
Finance Costs59.3243.47
Depreciation102.0422.61
Profit Before Tax-215.93-100.36
Tax0.00.0
Tax %00
Profit After Tax-215.93-100.36
Growth %115.15%0
PAT %-377.02%-2655.81%
Diluted EPS-1006.08-468.02
Shareholding Pattern
ColorShareholderHolding
Puneet Singh Jaggi16.64%
Puneet Goyal9.08%
Anmol Singh Jaggi17.39%
Others56.89%
Board of Directors
Mr. Anmol Singh Jaggi Co-founder, CEO
Punit K. Goya Co-founder
Mr. Dharmichand Sunil KumarDirector
Mr. Inderpreet Singh WadhwaDirector
Ms. Sophia Isabella Marie NadurDirector
Senior Management
Mr. Anmol Singh Jaggi Co-founder, CEO
Punit K. Goya Co-founder
Rishabh SoodCTO
Rahul JainCFO
Tushar GargCEO, BluSmart Charge Founding Team
Kamaljeet Kaur Chief People Officer