Scans

Tools

Home

Charts

Watchlist

Products

Blue Cloud Softech Solutions Ltd

BLUECLOUDS

NSE

₹19.51-1.37%19 Oct 2026

Reports

IT Services

Blue Cloud Softech Solutions Ltd

BLUECLOUDS

NSE

₹19.51

-1.37%

19 Oct 2026

SOICxStockScans Reports

Ask AI

IT Services

Indices

Business Overview: What the company does, in plain English.Growth Catalysts: The forward growth drivers and triggers.Guidance Report: Management guidance vs outcomes.Deep Dive Report: In-depth business analysis.

Blue Cloud Softech Solutions is an AI-first technology company that transforms raw information into intelligence for enterprises, governments, and end-users. Originally incorporated as an aquaculture business in 1991, it pivoted to software in 2015 and then underwent a fundamental reset in FY24 when a change in control brought in new leadership, a US subsidiary called IT Corpz, and a deliberate focus on proprietary AI products. The recurring approach is to build or acquire AI-driven platforms, prove them in demanding government and defense settings, and then push them into enterprise and international markets - a cycle of niche innovation, reference wins, and geographic expansion.

Business segments

A single engine with many cylinders - an AI platform business that sells cybersecurity, surveillance, healthcare, and connectivity solutions, all built on the same proprietary technology core and sold to the same mix of government and enterprise clients.

1. Cybersecurity: the revenue engine that funds everything else

The company’s largest division, contributing nearly half the business, protects networks and devices through a mix of proprietary tools and long-term government contracts.

Two homegrown detection tools - BluTOR tracks incidents across the dark web, while BluHawk is a vulnerability assessment and penetration testing solution that gives clients deep visibility for proactive threat hunting and forensic investigation.
Long-duration government contracts - existing cybersecurity engagements run for about five years, with some already two to three years in and the longest stretching to 2030, providing a stable, visible revenue base.
Device-level security for mobile workforces - SecureNode is a fully indigenous Mobile Device Management platform with cryptographic security and end-to-end protection, which won a US$3 million deployment contract from a US client, while BluTact extends similar controls to enterprises in banking, healthcare, and government.
Building security operations for others - the Hyderabad-based cybersecurity team partners with private agencies to set up their Security Operations Centers and Network Operations Centers, and trains people by the thousands, turning capability into a service line.
Expanding into defense-grade perimeter security - a US$9.63 million contract with US defense-tech firm Axiom Vortex covers turnkey endpoint detection and AI-driven perimeter security for defense clients across Africa and the Middle East, with a 15-month implementation timeline.

2. Enterprise smart applications and AI platforms: surveillance and intelligence for the state

AI-powered platforms that watch, listen, and analyze - from facial recognition on legacy cameras to social media monitoring for police forces - deployed across continents.

Facial recognition that works with existing cameras - AccessGenie is the flagship, an AI surveillance platform that integrates with legacy, conventional, and advanced cameras to analyze feeds, detect anomalies, and report them, used by state police for public safety, homeland security, and narcotics control.
Social media intelligence for law enforcement - Blura SAGA monitors publicly available social media content for police and brand-management firms, while SOCEYE is a dedicated AI platform for police forces to counter misinformation and support transparent public communication, compliant with India’s data-protection law.
A marquee coastal-surveillance project - a US$9.36 million, 18-month contract to build a coastal surveillance system along the South American coastline, integrating 360° thermal and night-vision cameras, autonomous long-range drones, patrol trawlers with radar, and a centralized command centre with AI-driven threat assessment.
Emotion AI and media automation - Emotifics provides emotion-analytics capabilities, while Blura doubles as an AI-driven internal and external communication platform for employee engagement, with content verification, duplicate detection, and source-verification features.

3. Healthcare: vital signs from a face scan

A patented platform that reads blood pressure, pulse, respiration, and hemoglobin from a 60-second facial scan, paired with a sterilization system that cleans spaces beyond operating-theatre grade.

Non-invasive screening in under a minute - BluHealth uses remote photo plethysmography (rPPG) to generate an individual’s vital parameters from a face scan within 60 seconds, tracking blood pressure, pulse rate, respiration rate, and hemoglobin, with telehealth integration and HIPAA/GDPR compliance.
A US$3.2 million platform deal - the company secured a contract from a US-based client to provide the full BluHealth Comprehensive Healthcare Platform, and separately launched v2.0 with AI-powered clinical decision support and non-invasive HbA1c testing.
Sterilization through light - BioSter uses Photocatalytic Oxidation technology to sterilize spaces to a level beyond operation-theatre grade, preventing the spread of diseases and viruses, and was deployed in a US project at a cost of US$32,000.
A wearable biosensor patent in the works - the company filed intellectual property for a system combining a multi-sensor wrist-worn device, AI analytics using convolutional and LSTM neural networks, energy-harvesting technology, and blockchain-based data management for HIPAA and GDPR compliance.
Commonwealth expansion strategy - the healthcare division is pursuing a phased rollout across 36-plus Commonwealth nations, partnering with ministries of health, private hospital chains, and development finance institutions like the World Bank and ADB, leveraging shared English-language and UK/EU regulatory standards.

4. Telecom and connectivity: private 5G networks on a revenue share

The company builds and operates private 5G networks for enterprises, with BSNL providing the spectrum and infrastructure while Blue Cloud supplies the equipment and shares the revenue.

Empanelled as a national system integrator by BSNL - the company is authorized to establish and maintain customer private networks within the BSNL AP Telecom Circle, valid for five years through August 2030.
A 70:30 revenue-sharing model for 5G Fixed Wireless Access - under a 60-month agreement, Blue Cloud designs, supplies, deploys, and maintains the radio access equipment and customer-premises gear, while BSNL provides towers, spectrum, backhaul, and billing; Blue Cloud keeps 70% of monthly revenue.
A virtual network operator licence in sight - the company received a Letter of Intent from the Department of Telecommunications for a Unified License (Virtual Network Operator) with national-area authorization, which would let it deliver enterprise-grade internet services across India.
Orange Business Services as integration partner - a Master Services Agreement with Orange brings in a global integrator to support the 5G FWA rollout, with proof-of-concept trials initiated at the BSNL exchange in Mindi, Visakhapatnam.

5. Edge AI and semiconductor: a chip designed in-house, fabricated in India

The company is co-developing a custom Edge AI microprocessor - code-named EclipseX1 - for industrial IoT and automotive applications, with the hardware architecture coming from an Israeli partner and the entire software stack owned in-house.

A US$150 million technology-transfer deal - an Israel-based partner provides the core hardware architecture and reference design, while Blue Cloud owns and develops the full software stack including firmware, AI middleware, and application frameworks, and is in advanced talks with Indian semiconductor manufacturers to fabricate the chips domestically.
The EclipseX1 chipset - a custom System-on-Chip with a multicore RISC-V CPU and integrated neural processing unit, delivering 12 trillion operations per second of AI compute at under 10 watts, targeting industrial automation, automotive telematics, and EV charging infrastructure.
A joint venture with Byte Eclipse - the US-based IoT company has signed a joint venture agreement for EdgeAI chip design and global commercialization.

Group structure and partners

A Hyderabad-headquartered holding company with a growing constellation of wholly owned US subsidiaries, a chip-design joint venture, and a network of government and technology partners across four continents.

The company is publicly traded on the Bombay Stock Exchange and has a wholly owned material subsidiary, IT Corpz Inc, based in the USA, acquired in FY24 via a share swap.
The company has a formal joint venture with Byte Eclipse Technologies Inc., USA, for Edge AI chipset commercialization, and a non-binding memorandum of understanding with GCIB for Africa Ltd. to explore joint ventures or special-purpose vehicles for projects in Senegal and other African countries spanning renewable energy, IT, infrastructure, education, and healthcare.
Key operating partners include BSNL for 5G private-network and fixed-wireless-access services, Orange Business Services as the integration partner for the 5G rollout, BlackDice Cyber of the UK for co-developing Edge AI cybersecurity on 5G routers, LedgerFi IT Solutions as the primary technology partner for a unified digital-government platform in Zanzibar, and an Israel-based technology company as the hardware-design transfer partner for the Edge AI chip program.

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Price

Charts

Documents

Edit Ratios

Mkt Cap

Market Capitalization

₹1,801Cr

Close Price

₹19.51

Industry

IT Services

Price To Earnings

17.58

Price To Sales

1.65

Revenue

₹1,088Cr

Rev Gr TTM

Revenue Growth TTM

41.04%

PAT Gr TTM

PAT Growth TTM

32.96%

Consolidated

Standalone

Numbers

Percentage

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	87	168	213	231	235	147	184	206	253	265	278	293
Growth YoY Revenue Growth YoY%					170.8	-12.5	-13.8	-10.9	7.5	80.9	51.1	42.0
Expenses ExpensesCr	84	159	199	213	218	131	166	185	229	233	230	233
Operating Profit Operating ProfitCr	3	9	14	19	18	15	17	21	24	33	48	60
OPM OPM%	3.4	5.3	6.4	8.1	7.5	10.5	9.3	10.3	9.4	12.3	17.2	20.4
Other Income Other IncomeCr	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense Interest ExpenseCr	0	2	3	3	2	1	1	0	1	5	4	5
Depreciation DepreciationCr	0	0	0	1	0	1	1	1	1	3	21	31
PBT PBTCr	3	7	11	15	16	13	16	20	22	25	23	24
Tax TaxCr	0	3	3	4	4	4	3	5	7	7	11	6
PAT PATCr	3	4	9	10	11	9	13	14	15	19	12	18
Growth YoY PAT Growth YoY%					333.2	131.0	52.0	37.3	35.9	97.7	-7.1	24.7
NPM NPM%	3.0	2.4	4.0	4.5	4.8	6.4	7.1	7.0	6.1	7.0	4.4	6.1
EPS EPS₹	0.1	0.1	0.1	0.2	0.3	0.1	0.3	0.3	0.3	0.4	0.2	0.2

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	87	168	213	231	235	147	184	206	253	265	278	293
Growth YoY Revenue Growth YoY%					170.8	-12.5	-13.8	-10.9	7.5	80.9	51.1	42.0
Expenses ExpensesCr	84	159	199	213	218	131	166	185	229	233	230	233
Operating Profit Operating ProfitCr	3	9	14	19	18	15	17	21	24	33	48	60
OPM OPM%	3.4	5.3	6.4	8.1	7.5	10.5	9.3	10.3	9.4	12.3	17.2	20.4
Other Income Other IncomeCr	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense Interest ExpenseCr	0	2	3	3	2	1	1	0	1	5	4	5
Depreciation DepreciationCr	0	0	0	1	0	1	1	1	1	3	21	31
PBT PBTCr	3	7	11	15	16	13	16	20	22	25	23	24
Tax TaxCr	0	3	3	4	4	4	3	5	7	7	11	6
PAT PATCr	3	4	9	10	11	9	13	14	15	19	12	18
Growth YoY PAT Growth YoY%					333.2	131.0	52.0	37.3	35.9	97.7	-7.1	24.7
NPM NPM%	3.0	2.4	4.0	4.5	4.8	6.4	7.1	7.0	6.1	7.0	4.4	6.1
EPS EPS₹	0.1	0.1	0.1	0.2	0.3	0.1	0.3	0.3	0.3	0.4	0.2	0.2

Consolidated

Standalone

Numbers

Percentage

Financial Year	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	502	797	1,002	1,088
Growth Revenue Growth%		58.7	25.7	41.0
Expenses ExpensesCr	475	727	877	925
Operating Profit Operating ProfitCr	27	70	125	164
OPM OPM%	5.4	8.8	12.5	15.1
Other Income Other IncomeCr	0	1	1	1
Interest Expense Interest ExpenseCr	5	8	10	14
Depreciation DepreciationCr	1	4	26	56
PBT PBTCr	21	59	90	94
Tax TaxCr	6	15	29	30
PAT PATCr	16	44	61	64
Growth PAT Growth%		180.6	36.7	33.0
NPM NPM%	3.1	5.6	6.0	5.9
EPS EPS₹	0.3	1.0	1.1	1.1

Financial Year	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	502	797	1,002	1,088
Growth Revenue Growth%		58.7	25.7	41.0
Expenses ExpensesCr	475	727	877	925
Operating Profit Operating ProfitCr	27	70	125	164
OPM OPM%	5.4	8.8	12.5	15.1
Other Income Other IncomeCr	0	1	1	1
Interest Expense Interest ExpenseCr	5	8	10	14
Depreciation DepreciationCr	1	4	26	56
PBT PBTCr	21	59	90	94
Tax TaxCr	6	15	29	30
PAT PATCr	16	44	61	64
Growth PAT Growth%		180.6	36.7	33.0
NPM NPM%	3.1	5.6	6.0	5.9
EPS EPS₹	0.3	1.0	1.1	1.1

Consolidated

Standalone

Numbers

Percentage

Financial Year	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	44	44	75
Reserves ReservesCr	34	78	848
Current Liabilities Current LiabilitiesCr	93	178	385
Non Current Liabilities Non Current LiabilitiesCr	23	51	59
Total Liabilities Total LiabilitiesCr	193	351	1,367
Current Assets Current AssetsCr	141	292	398
Non Current Assets Non Current AssetsCr	52	58	970
Total Assets Total AssetsCr	193	351	1,367

Financial Year	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	44	44	75
Reserves ReservesCr	34	78	848
Current Liabilities Current LiabilitiesCr	93	178	385
Non Current Liabilities Non Current LiabilitiesCr	23	51	59
Total Liabilities Total LiabilitiesCr	193	351	1,367
Current Assets Current AssetsCr	141	292	398
Non Current Assets Non Current AssetsCr	52	58	970
Total Assets Total AssetsCr	193	351	1,367

Consolidated

Standalone

Financial Year	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	-20	-13	208
Investing Cash Flow Investing Cash FlowCr	-48	-11	-935
Financing Cash Flow Financing Cash FlowCr	74	20	727
Net Cash Flow Net Cash FlowCr	7	-4	0
Free Cash Flow Free Cash FlowCr	-52	-23
CFO To PAT CFO To PAT%	-123.6	-28.4	343.7
CFO To EBITDA CFO To EBITDA%	-72.0	-17.9	165.8

Financial Year	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	-20	-13	208
Investing Cash Flow Investing Cash FlowCr	-48	-11	-935
Financing Cash Flow Financing Cash FlowCr	74	20	727
Net Cash Flow Net Cash FlowCr	7	-4	0
Free Cash Flow Free Cash FlowCr	-52	-23
CFO To PAT CFO To PAT%	-123.6	-28.4	343.7
CFO To EBITDA CFO To EBITDA%	-72.0	-17.9	165.8

Consolidated

Standalone

Financial Year	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	1,147	770	1,359	1,801
Price To Earnings Price To Earnings	73.1	17.5	22.5	17.6
Price To Sales Price To Sales	2.3	1.0	1.4	1.6
Price To Book Price To Book	14.9	6.3	1.5	1.4
EV To EBITDA EV To EBITDA	44.6	12.3	12.9	12.8
Profitability Ratios Profitability Ratios
GPM GPM%	16.5	17.1
OPM OPM%	5.4	8.8	12.5	15.1
NPM NPM%	3.1	5.6	6.0	5.9
ROCE ROCE%	18.5	30.9	8.4	8.4
ROE ROE%	20.4	36.4	6.5	6.5
ROA ROA%	8.2	12.6	4.4	4.4
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

Financial Year	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	1,147	770	1,359	1,801
Price To Earnings Price To Earnings	73.1	17.5	22.5	17.6
Price To Sales Price To Sales	2.3	1.0	1.4	1.6
Price To Book Price To Book	14.9	6.3	1.5	1.4
EV To EBITDA EV To EBITDA	44.6	12.3	12.9	12.8
Profitability Ratios Profitability Ratios
GPM GPM%	16.5	17.1
OPM OPM%	5.4	8.8	12.5	15.1
NPM NPM%	3.1	5.6	6.0	5.9
ROCE ROCE%	18.5	30.9	8.4	8.4
ROE ROE%	20.4	36.4	6.5	6.5
ROA ROA%	8.2	12.6	4.4	4.4
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

	TECHNVISN	KODYTECH	SAKSOFT	BLUECLOUDS	NINSYS	SILVERTUC	XTRANET
Market CapitalizationMkt CapCr	2,342	2,243	1,853	1,801	1,630	1,581	1,571
Close PriceClose₹	3,731.60	1,556.15	139.79	19.51	877.30	124.66	300.50
IndustryIndustry	IT Services	IT Services	IT Services	IT Services	IT Services	IT Services	IT Services
Price To EarningsPE	779.04	133.80	13.76	17.58	48.55	37.89	39.03
Price To SalesPS	8.18	27.95	1.84	1.65	9.20	4.39	4.30
RevenueRevenueCr	286	80	1,007	1,088	177	360	365
Revenue Growth TTMRev Gr TTM%	23.4%		8.1%	41.0%	21.6%	20.9%
PAT Growth TTMPAT Gr TTM%	248.5%		12.7%	33.0%	18.8%	82.1%

	TECHNVISN	KODYTECH	SAKSOFT	BLUECLOUDS	NINSYS	SILVERTUC	XTRANET
Market CapitalizationMkt CapCr	2,342	2,243	1,853	1,801	1,630	1,581	1,571
Close PriceClose₹	3,731.60	1,556.15	139.79	19.51	877.30	124.66	300.50
IndustryIndustry	IT Services	IT Services	IT Services	IT Services	IT Services	IT Services	IT Services
Price To EarningsPE	779.04	133.80	13.76	17.58	48.55	37.89	39.03
Price To SalesPS	8.18	27.95	1.84	1.65	9.20	4.39	4.30
RevenueRevenueCr	286	80	1,007	1,088	177	360	365
Revenue Growth TTMRev Gr TTM%	23.4%		8.1%	41.0%	21.6%	20.9%
PAT Growth TTMPAT Gr TTM%	248.5%		12.7%	33.0%	18.8%	82.1%

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2026

Jun 26