Blue Cloud Softech Solutions Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Blue Cloud Softech Solutions Ltd trades at ₹20.1, in a downtrend and 83 weeks into that stage. That is −10.7% against its own 200-day average. It sits at 19% of a 52-week range of ₹17 to ₹32. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 6 straight weeks.

Today the stock is in a downtrend — week 83 of stage 4, confirmed. At ₹20.1 it trades −10.7% versus its 200-day average and sits at 19% of its 52-week range (₹17–₹32).

Against the market, two honest reads. Cumulative: over the last 9.7 years the stock moved +513% while the NIFTY 500 moved +237% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 6 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 62nd percentile of its own range.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Blue Cloud Softech Solutions Ltd trades at 31.2× P/E, mid-range by its own standards (62nd percentile). Its long-run median P/E is 26.3×, measured across 2.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 31.2× is mid-range by its own standards (62nd percentile), against a long-run median of 26.3× measured over 2.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved −20.8% against a −39.5% price move — earnings outran the price, pushing the multiple DOWN its own range.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Blue Cloud Softech Solutions Ltd reads as mixed on its fundamental arc. Mixed — growth is normalizing off a hyper-growth base: profit growth has eased from +1200.0% at its peak to +39.5% but is still expanding, ROCE holding at 14.0%. The read is built from 8 quarters across 4 curves, on partial evidence.

Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

4-Factor Sector Score

49.3/100 — rank 33 of 63 in IT - Software · 66% evidence confidence

Blue Cloud Softech Solutions Ltd scores 49.3 out of 100 against the 63 companies it is compared with in IT - Software, ranking 33. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 20.3 + 10.5 + 9.6 + 8.9 = 49.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Blue Cloud Softech Solutions Ltd reported ₹278 Cr of revenue in the Mar 26 quarter, +51.1% year on year. That is the 3rd straight quarter of year-on-year growth. Over 10 years it has compounded at 99.6% a year. The last full year, FY26, came in at ₹1,002 Cr. The last four reported quarters add to ₹1,002 Cr.

Blue Cloud Softech Solutions Ltd reported ₹278 Cr of revenue in the Mar 26 quarter, +51.1% year on year. That is the 3rd straight quarter of year-on-year growth. Over 10 years it has compounded at 99.6% a year. The last full year, FY26, came in at ₹1,002 Cr. The last four reported quarters add to ₹1,002 Cr.

FY26 revenue came in at ₹1,002 Cr (+25.7% on the year), capping 10 years at 99.6% compound. The latest quarter (Mar 26) printed ₹278 Cr, +51.1% year on year — the 3rd consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +32.1% growth against the decade's 99.6% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +25.7% over the last 4 quarters against +41.3%/yr over the last 8 — rolling over; TTM profit +39.5% vs +87.9%/yr — rolling over.

→ Revenue grew — did margins hold as it scaled? Next: 17.0% this quarter (+8.0 pp YoY).

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Blue Cloud Softech Solutions Ltd's operating margin is 17.0% in the Mar 26 quarter, +8.0 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 0.0% to 14.0%. The current quarter is running above every full year in that window.

Blue Cloud Softech Solutions Ltd's operating margin is 17.0% in the Mar 26 quarter, +8.0 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 0.0% to 14.0%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 17.0%, +8.0 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 0.0%–14.0%.

Why the margin moved: operating margin went +7.9 pp year on year while gross margin went +0.0 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

→ Margins held — did that reach the bottom line? Next: profit −7.7% in the latest quarter.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Blue Cloud Softech Solutions Ltd earned ₹12.0 Cr of net profit in the Mar 26 quarter, −7.7% year on year. Full-year FY26 profit was ₹60.0 Cr. That is 4.3% of the quarter's revenue. The same quarter a year earlier earned ₹13.0 Cr.

Blue Cloud Softech Solutions Ltd earned ₹12.0 Cr of net profit in the Mar 26 quarter, −7.7% year on year. Full-year FY26 profit was ₹60.0 Cr. That is 4.3% of the quarter's revenue. The same quarter a year earlier earned ₹13.0 Cr.

Mar 26 profit was ₹12.0 Cr, −7.7% year on year. On the full year, FY26 printed ₹60.0 Cr (+36.4%).

🚨 Why profit moved: revenue contributed +51.1% and the margin +8.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +45.0% vs revenue +32.1%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

→ Profit rose — but did the cash follow? Next: 146% of the last 3 years' profit arrived as cash.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 146% of Blue Cloud Softech Solutions Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹208 Cr of operating cash against ₹60.0 Cr of profit. After ₹938 Cr of capital spending, ₹−730 Cr was left as free cash.

FY26: operating cash of ₹208 Cr against reported profit of ₹60.0 Cr, leaving free cash of ₹−730 Cr after ₹938 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 146% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Why conversion sits at 146%: the cash cycle tightened 2,514 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: the bigger cash user is investment — capital spending ran 32.3× depreciation over three years, so the next section's job is to check what that build-out is buying.

→ So follow the cash to where it goes. Next: ₹1,001 Cr of building over 3 years.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Blue Cloud Softech Solutions Ltd's cash conversion cycle runs 141 days in FY26, down from 2,655 days in FY21. Capital spending ran ₹1,001 Cr over the last 3 years. At FY26 sales of ₹1,002 Cr each day of that cycle holds about ₹2.7 Cr, so roughly ₹387 Cr sits inside the business at any moment.

FY26: debtors at 141 days (an asset-light business — no inventory to speak of) — for a full cycle of 141 days, tighter than FY21's 2,655.

In money terms: at FY26 sales of ₹1,002 Cr, each day of the cycle holds about ₹2.7 Cr — so the 141-day loop keeps roughly ₹387 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹1,001 Cr over the last 3 fiscal years against ₹31.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 14%.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Blue Cloud Softech Solutions Ltd earns a ROCE of 14% in FY26. That is up from a trough of 0% in FY20. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 6.0% net margin on 0.73× asset turns.

FY26 ROCE is 14%, recovered from a FY20 trough of 0% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 6.0% net margin × 0.73× asset turns × 1.48× balance-sheet leverage ≈ 6.5% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.29.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Blue Cloud Softech Solutions Ltd carries ₹269 Cr of borrowings against ₹923 Cr of equity in FY26, a debt-to-equity of 0.29. Operating profit covers the interest bill 13×. Over 5 years borrowings went from ₹0.0 Cr to ₹269 Cr. Capital spending ran ₹1,001 Cr across the last 3 of those years.

FY26: borrowings of ₹269 Cr against equity of ₹923 Cr — a debt-to-equity of 0.29. Operating profit covers the interest bill 13×. Over 5 years borrowings went from ₹0.0 Cr to ₹269 Cr while capital spending ran ₹1,001 Cr in just the last 3 — part of the build-out is riding on borrowed money.

→ Who owns this, and are they adding or leaving? Next: Foreign institutions cut 9.7 points over 8 quarters.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions cut 9.7 points of Blue Cloud Softech Solutions Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 13.3% of the company. Promoters moved +2.4 points over the same window, to 38.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −9.7 points over 8 quarters to 13.3%; Promoters: +2.4 points over 8 quarters to 38.4%.

🚨 Why the register moved: foreign institutions drove it (−9.7 points), absorbed on the other side by promoters (+2.4 points) — distribution into the market’s bid.

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Blue Cloud Softech Solutions Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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