Blu-smart Mobility

Blu-smart Mobility

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​.
Market Cap₹585.29 Cr
PE Ratio-2.71
EPS₹-1,006.08
Dividend Yield-
Book Value₹-1,169.05 Cr
Debt/Equity-3.17
Price/Book-
Price/Sales-
Industry PE-
Sales₹57.27 Cr
Profit After Tax₹-215.9 Cr
Share Capital₹2.15 Cr
Shares Outstanding-
ISININE000000009
SectorAutomotive Electric vehicles/Transportation
Symbol-
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.

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