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POOR
MANAGEMENT EFFICIENCY
Mildly Bearish Blue Cloud
Technical Trend
Soft.
Very Expensive
Valuation Sell
CMP: 59.82
STOCK INFO:
BSE – 539607/ NSE –
Market Cap - Small Cap (Rs. 1,305 cr)
Sector – IT - Software
52 w H/L (Rs.) – 98.9/12.3
Dividend Yield: 0%
Debt Equity: 0%
Return on Equity: 3.6%
Price to Book: 21.46
www.marketsmojo.com
Blue Cloud Soft.
CMP: 59.82 47 Sell
Report as on 19 January 2024 at 06:18 PM
Strong Sell Sell Hold Buy Strong Buy
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-500%
Ap 16
F e 17
M -1 8
M -2 0
Ja 2 2
3
Se 7
M 19
M 21
D 8
D 20
Ju 1 6
Ju 8
Ju 0
Au 2
O 19
O 21
N 16
Ju 2 3
N 23
-2
r-1
l- 1
1
-2
-2
-
p-
g-
-
-
l-
b-
b-
-
n-
n-
n-
WHAT ARE OTHER FACTORS?
ov
ec
ec
ov
ct
ct
ar
ar
ay
ay
Fe
Period 6M 1Y 2Y 3Y
Stock (%) 5.17% 339.21% 269.26% -
Sector (%) 17.65% 17.65% -0.81% -
Sensex (%) 6.83% 17.79% 19.28% -
MOJO PROFESSIONAL 1
Blue Cloud Soft. SELL | Report as on 19 January 2024 at 06:18 PM
Click Here
MOJO PROFESSIONAL 2
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MANAGEMENT RISK
ROE
The company has been able to generate a Return on Equity
0.94% ROE
(avg) of 0.94% signifying low profitability per unit of
shareholders funds
Tax Ratio
High Tax Ratio signifies that the profits generated by the
24.44% Tax Ratio
company are real and it is making adequate contributions
towards by paying due taxes
Institutional Holding
Low Institutional Holdings at 0.00%- These investors have
0.00%
Institutional Holding
better capability and resources to analyse fundamentals of
companies than most retail investors
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TECHNICALS
-32.48% 26.22%
MOJO PROFESSIONAL 4
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VALUATION
Attractive
Weak Fundamental Strong
Very
Price to Book Value vs ROE
16 32
Attractive
Fundamental
Valuation
8 16
as compared to its
past valuations 0
Dec-2021 Jun-2022 Dec-2022 Jun-2023 Jan-2024
0
MOJO PROFESSIONAL 5
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FACTORS
WORKING
FOR THE COMPANY
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CAPITAL STRUCTURE
MOJO PROFESSIONAL 7
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FINANCIAL TREND
Positive
0.26
Operating Cash
Operating Cash Flows (Rs Cr)
Flow- Annually
Highest at Rs 0.45 Cr
in the last three years
-8.5
Mar 2021 Mar 2022 Mar 2023
0.01 0.01
Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
MOJO PROFESSIONAL 8
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FINANCIAL TREND
0.01 0.01
Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
MOJO PROFESSIONAL 9
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SHAREHOLDING
previous quarter.
10%
Non Institution
66.53%
Raising FIIs Confidence
FIIs have increased holdings this quarter and now hold 22.93% of the
company
Promoters
10.54%
FIIs
22.93%
Promoter
60%
Promoter Pledge
MOJO PROFESSIONAL 10
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RETURNS
UP
-500%
Ap 16
Ja 1 7
Ap 18
F e 19
Ap 20
F e 21
Ap 22
23
Se 7
Se 19
Se 1
Se 3
N 20
N 22
Ju 1 6
Ju 0
Ju 2
N 16
Ju 1 8
N 18
r-1
r-2
r-2
2
2
-
p-
p-
p-
p-
r-
l-
l-
b-
b-
b-
n-
n-
n-
ov
ov
ov
ov
Fe
Blue Cloud Softech Solutions Ltd BSE500
2nd
Quartile
1st
Quartile
4th
Quartile
Stock has been in the 1st quartile in 2023 and
in 2nd in 1Y period
1Y 2023 2022
4.71% 331.52% -21.06%
MOJO PROFESSIONAL 11
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RESULT
ANALYSIS
MOJO PROFESSIONAL 12
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ANNUAL RESULT
Net Sales-YoY Growth in year ended Mar 2023 is 13,100.00% Standaloned Net Profit-YoY Growth in year ended Mar 2023
vs 100.00% in Mar 2022 is 500.00% vs 1,000.00% in Mar 2022
40 1
29.04
0.66
20 0.5
0.11
1.25 0.98 0.11 0.22 0.05 0.02 0.01
0 0
Mar 2018 Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2018 Mar 2019 Mar 2021 Mar 2022 Mar 2023
Operating Profit (PBDIT) excl Other Income-YoY Growth in Operating Profit Margin (Excl OI)-YoY Growth in year ended
year ended Mar 2023 is 525.00% vs 1,100.00% in Mar 2022 Mar 2023 has fallen from Mar 2022
1 100
0.75
54.55
0.5 50
Figures in Rs Crore
MOJO PROFESSIONAL 13
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0.00% Borrowings
Mar'23
0.21
Mar'22
0.21
Change%
0.00%
Increase
Other Long Term Liabilities 0.00 0.00
Fixed Assets 0.74 0.00
Investments 0.00 0.00
in Borrowings in quarter Current Assets 13.05 11.87 9.94%
ended Mar 2023 vs in
Figures in Rs Cr
Mar 2022
Other Long Term Liabilities: No Other Long Term Liabilities in the last few periods;
Fixed Assets: YoY Growth in year ended Mar 2023 is vs -100.00% in Mar 2022
Investments: No Investments in the last few periods;
Current Assets: YoY Growth in year ended Mar 2023 is 9.94% vs 306.51% in Mar 2022
-1.45
-5
-10 -8.50
Mar 2017 Mar 2018 Mar 2019 Mar 2022 Mar 2023
MOJO PROFESSIONAL 14
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PEER COMPARISION
PEER COMPARISON
Blue Cloud Soft. AGS Transact Onward OnMobile Matrimony.com
Technolog Global
Size
Market Cap (Cr.) 1,307 1,413 1,397 1,240 1,225
Annual Sales (TTM) (Cr.) 103 1,588 475 530 470
Annual Net Profit (TTM) (Cr.) 2 -63 34 25 50
Growth Factors (TTM)
Net Sales Growth 1 year 28.7% -0.1% 16.8% 0.7% 4.4%
Operating Profit Growth 1 year 63% 4% 508.6% -35.2% -17.4%
Net Profit Growth 1 year 55% 145% 361.6% 40.3% 6.1%
Net Sales Growth 5 year 82.4% -2.5% 13.1% -2.6% 6.4%
Operating Profit Growth 5 year 11.2% -8.8% 31.5% 24.9% -9.9%
Net Profit Growth 5 year 10.1% -23.6% 33.6% -1.1% -3.3%
Capital Structure Factors
EBIT to Interest 2.9 0.3 28.6 7.1 7.1
Debt to EBITDA 0.2 3.1 0.3 0.6 0.9
Net Debt to Equity - 2.3 -0.1 -0.1 -0.9
Sales to Capital Employed 1.7 1 2.6 0.9 27.7
Management Quality Factors
ROCE (latest) 4.6% 2.8% 20.3% 2.2% 231.3%
ROE(latest) 3.6% -13.2% 15.8% 3.9% 18.5%
Tax Ratio 24.4% 35.7% 28.7% 5.8% 16.6%
Operating CF to Net Profit 45% 674.4% 50% 375.6% 122.6%
Dividend Payout Ratio - - 58.3% 234.3% 23.8%
Valuation Factors
PE Ratio 585.9 -22.4 40.5 48.7 24.7
Price to Book 21.1 3 7.3 1.9 4.6
PEG Ratio 11.3 - 0.1 1.2 2.7
Dividend Yield - - 0.5% - 0.9%
EV to EBITDA 456.9 9.5 26.2 48.9 14.3
EV to Capital Employed 21 1.6 7.6 2 57.3
Shareholding
Promoter Holdings 10.5% 65.5% 38.1% 47.9% 51.6%
Promoter Pledged Holdings - 12.8% - - -
Total Institutional Holding 22.9% 5.3% 8.3% 0.4% 37.7%
FII Holdings 22.9% 0% 2.1% 0.4% 25.7%
Returns
1 Month -3.5% 26.4% -11% 5.2% 1.8%
3 Months -32.4% 74.4% 4.7% -1.2% -4.9%
YTD 3.4% 26.2% -0.6% 8.8% -4.8%
1 Year 339.8% 84.7% 91.7% 23.4% -2.4%
3 Years - - 563% 106.4% -32.8%
MOJO PROFESSIONAL 15
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COMPANY BACKGROUND
COMPANY BACKGROUND
Board of Directors
B Ravi Managing Director
Company Coordinates
MOJO PROFESSIONAL 16
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