Blue Water Logistics Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹517 Cr
- P/E
- 14.50
- ROE
- 49.76%
- PEG
- 0.10
- Price to sales
- 0.95
- Debt to equity
- 1.33
- 52W high / low
- ₹580 / ₹134
- EBITDA margin
- 11.16%
- Net profit margin
- 6.53%
- Promoter holding
- 69.55%
- Sales (last year)
- ₹546 Cr
Incorporated in 2010, Blue Water Logistics Ltd is in the business of Freight forwarding, Custom clearance, Transportation handling services, etc.[1]
Guidance scorecard · Q1 FY27 call
What Blue Water's management guided
and where it ranks in Transport Services
Transport Services
RevenueQ1 FY27 call
40%+- Blue Water Logistics aims to continue the strong growth momentum seen last year, targeting similar or slightly better performance in FY27.
- Q1 FY27 revenue already reached about 50% of last year's total, indicating potential to meet or exceed the INR 800 crore guidance.
- Monthly revenue run rate for July is around INR 70-75 crore, expected to sustain through the year.
- Expansion has been executed across India with new branches in Mumbai, Ahmedabad, Indore, Tada, Nellore, and international expansion beginning in Dubai and targeting Southeast Asia.
- Growth is expected to come from a mix of services—ocean freight (70%), air freight (21%), NVOCC (4.6%), and surface/rail freight (3.5%)—with no over-reliance on one segment.
2 more points from Blue Water's call on revenue
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MarginsQ1 FY27 call
FlatSee what Blue Water said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Current capex is focused primarily on business expansion within India and international expansion starting with offices in Dubai, with plans to enter Indonesia, Malaysia, Thailand, Vietnam, China, and others.
- NVOCC segment growth is expected and is supported by obtaining ISO tank containers mostly on a lease-purchase (EMI) basis, avoiding large upfront capital outlay.
- Vehicle additions are made based on demand for new branches and are capital intensive but are managed carefully.
- The company is investing in in-house software as an intangible asset to support integrated services.
- Future capex plans are flexible and linked to business opportunities in new geographies; exact amounts are uncertain and depend on market conditions.
2 more points from Blue Water's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Blue Water said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- The company has ongoing project cargo contracts, such as one with HSIL Limited valued at around INR15 crores.
- The HSIL contract duration is typically 2-3 months; expected to complete within six months this year, amounting to roughly INR30 crores.
- Growth is largely driven by business expansion domestically and entry into the NVOCC segment.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Transport Services
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Transport Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹759 Cr | 23.8 | |
| 2 | 40%+ | Flat | ₹15,957 Cr | 70.8 | |
| 3 | 40%+ | Flat | ₹3,664 Cr | 24.9 | |
| 4 | Blue WaterThis stock | 40%+ | Flat | ₹551 Cr | 15.4 |
| 5 | 20–40% | Up 2%+ | ₹478 Cr | 6.3 | |
| 6 | 20–40% | Up 2%+ | ₹220 Cr | 7.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Transport Services rankingBlue Water announcements
All announcements →- Fundraise / allotmentNotableBlue Water Logistics approves allotment of 10 lakh fully convertible warrants on Oct 13, 2026
- Board / shareholder meeting outcomeNotableBlue Water Logistics Limited announces voting results of First Extraordinary General Meeting
- Board / shareholder meeting outcomeNotableBlue Water Logistics Limited holds First EGM on September 16, 2026 via VC
Financials of Blue Water
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Blue Water
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 62.36 | 52.53 | 87.42 | 112.37 | 135.38 |
| Expenses + | 57.15 | 45.31 | 78.38 | 99.40 | 119.98 |
| Operating Profit | 5.21 | 7.22 | 9.04 | 12.97 | 15.40 |
| OPM % | 8.35% | 13.74% | 10.34% | 11.54% | 11.38% |
| Other Income + | 0.01 | 0.05 | 0.07 | 0.11 | 0.14 |
| Interest | 0.78 | 0.90 | 0.75 | 1.15 | 2.07 |
| Depreciation | 0.39 | 0.67 | 1.42 | 1.94 | 1.18 |
| Profit before tax | 4.05 | 5.70 | 6.94 | 9.99 | 12.29 |
| Tax % | 25.68% | 23.86% | 26.51% | 26.13% | 25.31% |
| Net Profit + | 3.01 | 4.34 | 5.10 | 7.39 | 9.19 |
| EPS in Rs | 3.76 | 5.42 | 4.64 | 6.72 | 8.35 |
Financials of Blue Water
Profit & Loss
Annual income statement trend
| Mar 2023 7m | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales + | 98 | 139 | 196 | 386 |
| Expenses + | 94 | 128 | 177 | 342 |
| Operating Profit | 4 | 10 | 19 | 44 |
| OPM % | 4% | 8% | 10% | 11% |
| Other Income + | 0 | 0 | 0 | 0 |
| Interest | 1 | 2 | 3 | 5 |
| Depreciation | 1 | 1 | 2 | 6 |
| Profit before tax | 2 | 8 | 14 | 34 |
| Tax % | 25% | 25% | 25% | 26% |
| Net Profit + | 2 | 6 | 11 | 25 |
| EPS in Rs | 7.70 | 29.70 | 13.34 | 22.92 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Financials of Blue Water
Balance Sheet
Capital structure and asset base
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 2 | 2 | 8 | 11 |
| Reserves | 2 | 7 | 12 | 70 |
| Borrowings + | 19 | 17 | 37 | 108 |
| Other Liabilities + | 7 | 15 | 19 | 47 |
| Total Liabilities | 29 | 42 | 76 | 236 |
| Fixed Assets + | 2 | 3 | 6 | 27 |
| CWIP | 0 | 0 | 1 | 7 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets + | 27 | 39 | 69 | 201 |
| Total Assets | 29 | 42 | 76 | 236 |
Financials of Blue Water
Cash Flows
Operating, investing and financing cash movement
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from Operating Activity + | -14 | 4 | -11 | -53 |
| Cash from Investing Activity + | -3 | -2 | -5 | -33 |
| Cash from Financing Activity + | 19 | -3 | 17 | 102 |
| Net Cash Flow | 2 | -1 | -0 | 15 |
| Free Cash Flow | -17 | 2 | -17 | -86 |
| CFO/OP | -356% | 62% | -48% | -107% |
Financials of Blue Water
Ratios
Working capital efficiency and return ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 74 | 70 | 84 | 134 |
| Inventory Days | 0 | |||
| Days Payable | ||||
| Cash Conversion Cycle | 74 | 70 | 84 | 134 |
| Working Capital Days | 19 | 27 | 46 | 49 |
| ROCE % | 39% | 41% | 31% |
Guidance history
How Blue Water's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 40%+ | Flat | Planned | Planned | — |
| Q4 FY26 call → | 40%+ | Up 0–2% | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
94 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,918 stocks |
|---|---|---|
| Last 12 months | +204.8% | 98% |
| Last 6 months | +81.8% | 95% |
| Last 3 months | +13.3% | 84% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,918 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Blue Water: 0.4 × 98 + 0.4 × 95 + 0.2 × 84 = 94.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 4 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Blue Water's management said in earlier quarters
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