Blue Water Logistics Ltd Concall Summary for Q4FY26 MANAGEMENT COMMENTARY • FY26 marked transformational growth phase • Expanded operations across 28 countries • Asset-backed logistics platform strengthening • Focused on end-to-end supply solutions • Strong confidence post successful listing OUTLOOK • Revenue expected doubling over years • ISO tank share targeting 20% • Air freight targeting 30% revenue • Fleet expansion beyond 5,000 tanks • PAT margins expected improving further INDUSTRY • Geopolitical tensions disrupting trade routes • Logistics demand supported by manufacturing • Government infrastructure aiding sector growth • Vietnam and Indonesia seeing opportunities • Trade shifts creating fresh logistics demand COMPETITIVE POSITION • Integrated logistics model provides advantage • In-house infrastructure improving profitability • Strong multinational customer relationships maintained • Diversified customer base reducing risks • Minimal bad debts across operations RISKS • Trade receivables rose sharply Q4 • Hormuz tensions impacting shipping routes • Expansion dependent on debt funding • Global security risks remain elevated • Rapid scaling execution remains critical GROWTH DRIVERS • Expansion planned across Southeast Asia • Turkish Airlines partnership boosting air cargo • ISO tank fleet expansion accelerating • Dry container business scaling gradually • Project cargo vertical under development PRODUCT MIX • Ocean freight contributes around 70% • Air freight reached 13% contribution • ISO tanks contribute around 8% • Direct business contributes nearly 85% • High-margin niche logistics expanding steadily FINANCIALS • FY26 revenue reached ₹386 Cr • EBITDA grew 134% YoY • EBITDA margin improved to 11.4% • PAT grew 135.4% YoY • PAT margin stood at 6.5% CONCLUSION • Company entering aggressive expansion phase • Asset-backed strategy improving operational control • High-margin segments driving profitability growth • International expansion strengthening long-term outlook • Strong execution supporting scalable growth story #Q4results #sharemarket #stockmarket #BlueWaterLogistics @rajiv_phantom @barathhbm @_Investor_Feed_

#SME #BlueWater #BlueWaterLogistics Blue Water Logistics H2FY26 Concall Highlights 👉 FY27 & Future Outlook ▫️ Management is confident of delivering similar growth trajectory as FY26 implying ~2x growth in FY27 with continued momentum into FY28. 💠 Driven by fleet expansion, new service verticals, and geographic diversification. ▫️ NVOCC / Container Logistics (ISO tanks upcoming dry containers) contribution targeted to rise sharply from ~8% of FY26 revenue to ~20% in FY27. 💠 Air freight contribution expected to increase significantly from ~13% to closer to 30%. ▫️ ISO Tank fleet expansion: Current 1,708 tanks; long-term target 5,000 tanks in next 3 years. Additions will be reviewed quarterly based on utilization. 💠 Dry container fleet and project cargo to be added aggressively on EMI/financed basis (no major upfront Capex). ▫️ Resilience to global disruptions: Minimal impact from Red Sea/Hormuz tensions (most ISO tanks in other regions; freight forwarding rerouted safely). Geopolitical volatility viewed as an opportunity rather than challenge. ▫️ Margin trajectory: 💠FY26 PAT margin at 6.5% (up 100 bps YoY) 💠Management expects sustained margins with further improvement in FY27 through higher-margin NVOCC/dry container business, better scale, and operational efficiency. 💠EBITDA margin stable/improving around 11.4%. 💠 Focus on asset-backed model, in-house end-to-end services, and credit management to support margin expansion. ▫️ Strategic growth drivers: 💠Air freight expansion via new airline partnerships (including exclusive tie-up with Turkish Airlines), entry into dry containers & project cargo, fleet additions, deeper customer integration 💠International expansion into Southeast Asia (Thailand, Vietnam, Indonesia in next 2 months; Malaysia & China by year-end) stronger Middle East/Red Sea presence. 👉 Current Order Book / Projects and Future Pipeline ▫️Fleet pipeline includes continued addition of ISO tanks (target 5,000 in 3 years) and new dry container fleet on EMI structure. 💠Trailer fleet already expanded to 100 . ▫️ Geographic & vertical expansion pipeline: 💠 Southeast Asia (Thailand, Vietnam, Indonesia, Malaysia) and China — key manufacturing/trade hubs — to be operationalized in phases over next 6–9 months. 💠 Air cargo: Exclusive partnership with Turkish Airlines already secured for pharma and other high-volume sectors from Hyderabad; new customer onboarding (e.g., pharma majors) expected to contribute from H2 FY27. 💠 Project cargo and dry container diversification already initiated; NVOCC operations scaling up. 💠 Domestic footprint strengthening across 10 states with new branch offices (Mumbai, Chennai, etc.) driving new client additions. ▫️ International network: 28 countries reach; associations with JCtrans, Global Logistics Alliance, FIATA, Neptune NVOCC, etc. Pipeline focused on higher-margin international trade corridors. 👉 Other Notable Points ▫️ FY26 Asset base: 1,708 ISO tanks, 100 container trailers, 6 fumigation units. ▫️ Clientele & Business Quality: 💠1,500 clients including reputed names (Welspun, Yokohama, HSIL, Maxfit, Hetero, Aurobindo, etc.). 💠~85% direct B2B business. 💠Negligible bad debts, disciplined credit cycle. 💠Receivables elevated due to strong Q4 growth and new customer onboarding but improving rapidly (30–35% already collected post-March; average 60–90 days). ▫️ Asset-backed & Integrated Model: 💠End-to-end capabilities (Ocean, Air, Surface/Rail, NVOCC Tank, Customs, Value-added services) 💠Own fleet, warehousing, and in-house customs clearance provide margin advantage and control. 💠ISO 9001:2015 & IATA certified. ▫️ Funding & Liquidity: Growth to be funded primarily through debt/EMI structures (Citibank, Axis, HSBC etc.) and internal accruals. BBB /Stable credit rating. No immediate equity dilution planned.

📦 BLUE WATER LOGISTICS clocks another quarter of massive growth 🔥🔥 💥 Revenue jumps 158% YoY to ₹135 Cr 💥 EBITDA surges 113% YoY to ₹15.4 Cr 💥 PAT doubles to ₹9.19 Cr 💥 PBT up 116% YoY QoQ growth also remains strong 👇 📈 Revenue: 20% QoQ 📈 EBITDA: 19% QoQ 📈 PAT: 24% QoQ FY26 Snapshot 🔥 ✅ Revenue: ₹386 Cr ✅ PAT: ₹25.2 Cr ✅ EPS: ₹23.97 Margins slightly softened due to aggressive scale-up, but growth momentum is turning heads This is the kind of earnings acceleration the market starts rerating fast... Follow @Rakesh_Invest for more such hidden gems & earnings breakdowns 🚀 #BlueWaterLogistics #Investment #LNPR #Earnings #Multibagger

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Awesome ! Your position makes me believe how to play like an actual ‘Wealthy Retailer’ I sold all Aegis yesterday in minor profit Holding 50% HNI allotment in Leela still- I am not expecting it to move faster than Aegis because of maximum Retail interest here. On all social media and across my network, I saw people applying to Leela with great eagerness and avoiding Aegis stating it is expensive (and less heard name ofcourse) and market rewarding the retailers as expected with loss to 0 profit for now😅😬 Aegis has more big players hence cleaner and uni directional move ⬆️ Also, you did not update on #BlueWaterLogistics #SME IPO but that also listed decent today- Booked 8% there too on the allotted lots - I was very easy allotment there with guaranteed allotment on a 4/5 lot HNI application 😇

#MarketsWithBS | #BlueWaterLogistics makes positive debut; shares list at 4.4% premium. #Markets #sharemarket #StockMarket #stockmarketsindia mybs.in/2engqGl

#BlueWaterLogistics #IPO closes with 8.76 times, #Astonea Labs offer subscribed 2.44 times Visit: kundkundtc.com . . . . #KundkundTC #India #StockMarket #trading #IPOAlert #AstoneaLabs #BlueWaterIPO #AstoneaIPO #labs

Thread 🧵: 12 Neutral Observations on #BlueWaterLogistics IPO (For informational purposes only – not financial advice. Please do your own due diligence before investing.) 1⃣ IPO Details & Listing – Opens May 27–29, 2025 | Price band ₹132–₹135 | Lot size 1,000 | Fresh issue 30 lakh shares → raise ₹40.50 Cr | Lists June 3 on NSE Emerge 2⃣ Business Profile – Founded 2010; offers freight forwarding, customs clearance, warehousing & multimodal transport via 5 branches & 25-vehicle fleet 3⃣ Promoter Background – Promoted by L. N. Mishra, L. Panda, M. Mohanty & S. Mishra; evolved from partnership (2010) → Pvt Ltd (2022) → PLC (2024) 4⃣ Financial Performance – Revenue: ₹98.1 Cr (FY23) → ₹138.7 Cr (FY24) → ₹196.2 Cr (FY25) – PAT: ₹1.54 Cr → ₹5.94 Cr → ₹10.67 Cr (FY25) 5⃣ Profitability & Returns – PAT margins: 1.6% → 4.3% → 5.4% 6⃣ Use of Proceeds – Working capital (fuel, freight guarantees, receivables) – Capex (new vehicles & body-building) 7⃣ Current Valuation – Post-issue shares ~1.10 Cr → Market cap ~₹148.5 Cr at ₹135/share 8⃣ Valuation Multiples – Trailing P/E: ~25× (₹148.5 Cr/₹5.94 Cr) – Forward P/E: ~14× (₹148.5 Cr/₹10.67 Cr) 9⃣ Leverage & Liquidity – Borrowings: ₹36.7 Cr vs. Net Worth: ₹20.2 Cr → Gearing ~1.8× – Opex cash flow turned negative in FY25 on receivables build-up 🔟 Grey Market Sentiment – GMP ~₹0 (flat) suggests muted listing-pop expectations despite 2.1× subscription by Day 3 1️⃣1️⃣ Peer Comparison – S J Logistics: P/E ~14.4× – Brace Port Logistics: P/E ~22.4× – Paradeep Parivahan: P/E ~7.8× 1️⃣2️⃣ Final Verdict Blue Water at a ~14× forward P/E sits below high-multiple Brace Port (22.4×) and SJ Logistics (14.4×), yet above budget‐priced Paradeep Parivahan (7.8×). A balanced entry among peers—muted GMP & small float suggest patience and robust due diligence post-listing. Since already better players with proven track record are available like #SJlogistics #paradeepparivahan at cheap valuations hence will avoid this No buy sell reco This thread reflects public filings and market data. #DYOR #LogisticsIPO #SMEIPO #PeerAnalysis

Blue Water Logistics IPO received muted response and subscribed 4.41 times. #Blue #BlueWater #BlueWaterLogistics #IPO #SMEIPO #SME #sebi #sebinis #stock #water #Logistics #transportlogistic2025 #travellove #infrastructure #roadshow #nseindia #NSE #NSEasyConnect #bseindia #BSE

#MarketsWithBS | Blue Water Logistics IPO closes today; subscription nears 3x, GMP nil. Check details here #Stocks #markets #stockmarketindia #stockmarketnews #sharemarket #marketnews #indianstockmarket #BlueWaterLogistics #IPO mybs.in/2en8aoM

इन 9 IPO में पैसे लगाने से पहले सावधान ET NOW स्वदेश आपको लगातार कर रहा सतर्क इन IPO's पर जानिए IPO एक्सपर्ट शरण लिलानी की राय 👇 #IPOUpdate #IPOAlert #AegisVopakTerminals #SchlossBangalore #ProstarmInfoSystems #ScodaTubes #BlueWaterLogistics #AstoneLabs #NikitaPapers #NeptunePetrochemical @sharanlillaney @Sharad9Dubey @NewzzPandey @AGaoshinde

🚨 Blue Water Logistics Limited SME IPO Alert! ✅ Date: 27-29 May 2025 ✅ Price Band: ₹132-135 ✅ Market Lot: 1000 Shares ✅ Application Amt: ₹1,35,000 ✅ Size: ₹40.50 Cr approx ✅ Retail Portion: 35% #IPO #SMEIPO #BlueWaterLogistics #StockMarket #Investment #IPOAlert