Blu-smart Mobility - Unlisted Shares
Fundamentals
- Current Price
- ₹2,725
- Market Cap
- ₹585.29 Cr
- ISIN
- INE000000009
- Face Value
- ₹10
- EPS
- -₹1006.08
- P/B Ratio
- 0
- Book Value
- -₹1,169.05
- Debt / Equity Ratio
- -3.17
Key Financials
Profit & Loss
| Metric | FY2023 | FY2022 |
|---|---|---|
| Revenue from Operations | 57.27 | 3.78 |
| Growth % | 1415.60% | 0 |
| Operating Expenses | 125.47 | 42.33 |
| Growth % | 196.41% | 0 |
| Operating Profit | -68.20 | -38.55 |
| Op. Profit Margin % | -119.08% | -1020.17% |
| Other Income | 13.63 | 4.27 |
| Finance Costs | 59.32 | 43.47 |
| Depreciation | 102.04 | 22.61 |
| Profit Before Tax | -215.93 | -100.36 |
| Tax | 0.0 | 0.0 |
| Tax % | 0 | 0 |
| Profit After Tax | -215.93 | -100.36 |
| Growth % | 115.15% | 0 |
| PAT % | -377.02% | -2655.81% |
| Diluted EPS | -1006.08 | -468.02 |
Company Financials
| Metric | FY2023 | FY2022 |
|---|---|---|
| Equity Capital | 2.15 | 2.14 |
| Reserves | -253.26 | -49.48 |
| Total Equity | -251.11 | -47.34 |
| Borrowings | 628.46 | 217.07 |
| Provisions | 0.90 | 0.33 |
| Other Non Current Liabilities | 595.14 | 134.47 |
| Total Non Current Liabilities | 1224.50 | 351.87 |
| Borrowings | 168.41 | 52.31 |
| Other Current Liabilities | 172.31 | 47.44 |
| Total Current Liabilities | 340.73 | 99.74 |
| Equity + Liabilities | 1314.12 | 404.28 |
| Fixed Assets (incl. WIP) | 22.26 | 5.04 |
| Other Non Current Assets | 1018.43 | 258.45 |
| Total Non Current Assets | 1040.68 | 263.49 |
| Trade Receivables | 0.36 | 0.07 |
| Cash & Cash Equivalents | 227.78 | 120.62 |
| Other Current Assets | 45.29 | 20.10 |
| Total Current Assets | 273.43 | 140.79 |
| Total Assets | 1314.12 | 404.28 |
Shareholding Pattern
- Puneet Singh Jaggi
- 16.64%%
- Puneet Goyal
- 9.08%%
- Anmol Singh Jaggi
- 17.39%%
- Others
- 56.89%%
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.
About Blu-smart Mobility
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.
Board of Directors
- Mr. Anmol Singh Jaggi - Co-founder, CEO
- Punit K. Goya - Co-founder
- Mr. Dharmichand Sunil Kumar - Director
- Mr. Inderpreet Singh Wadhwa - Director
- Ms. Sophia Isabella Marie Nadur - Director
Senior Management
- Mr. Anmol Singh Jaggi - Co-founder, CEO
- Punit K. Goya - Co-founder
- Rishabh Sood - CTO
- Rahul Jain - CFO
- Tushar Garg - CEO, BluSmart Charge Founding Team
- Kamaljeet Kaur - Chief People Officer
