Bluechip Tex Industries Ltd

About [ edit ]

Bluechip Tex Industries Ltd is engaged mainly in manufacturing of polyester texturizing yarn.#

Key Points [ edit ]
  • Market Cap 29.3 Cr.
  • Current Price 149
  • High / Low 170 / 69.0
  • Stock P/E 16.2
  • Book Value 126
  • Dividend Yield 1.21 %
  • ROCE 9.87 %
  • ROE 7.52 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.18 times its book value
  • Company's median sales growth is 23.68% of last 10 years

Cons

  • The company has delivered a poor sales growth of 2.50% over past five years.
  • Promoters have pledged 31.33% of their holding.

Peer comparison

Sector: Textiles Industry: Textiles - Processing

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Quarterly Results

Figures in Rs. Crores

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
60.16 69.77 65.61 62.02 59.90 60.00 53.59 48.06 6.31 38.82 51.45 59.49
58.00 67.51 63.63 59.16 57.03 55.46 50.73 46.40 6.89 35.91 49.22 57.84
Operating Profit 2.16 2.26 1.98 2.86 2.87 4.54 2.86 1.66 -0.58 2.91 2.23 1.65
OPM % 3.59% 3.24% 3.02% 4.61% 4.79% 7.57% 5.34% 3.45% -9.19% 7.50% 4.33% 2.77%
Other Income 0.05 0.06 0.04 0.11 0.04 0.04 0.07 0.14 0.01 0.02 0.15 0.11
Interest 0.54 0.59 0.70 0.88 0.59 0.38 0.44 0.43 0.41 0.40 0.32 0.34
Depreciation 0.64 0.67 0.69 0.67 0.67 0.68 0.69 0.72 0.44 0.71 0.70 0.70
Profit before tax 1.03 1.06 0.63 1.42 1.65 3.52 1.80 0.65 -1.42 1.82 1.36 0.72
Tax % 34.95% 15.09% 23.81% 40.14% 29.70% 25.28% 12.22% 29.23% 23.24% 25.82% 26.47% 26.39%
Net Profit 0.67 0.89 0.48 0.84 1.15 2.63 1.58 0.46 -1.09 1.36 1.01 0.53
EPS in Rs 3.40 4.52 2.44 4.26 5.84 13.35 8.02 2.33 -5.53 6.90 5.13 2.69

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
10 12 49 55 71 112 138 140 181 257 221 156
9 11 47 52 68 108 131 134 171 248 209 150
Operating Profit 1 1 2 3 4 4 7 6 10 9 12 6
OPM % 6% 5% 4% 5% 5% 4% 5% 4% 6% 4% 5% 4%
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Interest 0 0 1 1 1 1 2 2 2 3 2 1
Depreciation 0 0 1 1 1 1 1 1 2 3 3 3
Profit before tax 1 1 0 1 2 2 4 3 7 4 8 2
Tax % 31% 30% 49% 49% 34% 31% 35% 34% 30% 30% 24% 27%
Net Profit 0 0 0 0 1 2 2 2 5 3 6 2
EPS in Rs 1.93 1.98 1.07 1.67 5.89 8.68 12.23 10.66 26.29 14.67 29.54 9.19
Dividend Payout % 39% 38% 71% 54% 20% 14% 12% 14% 7% 12% 6% 0%
Compounded Sales Growth
10 Years:29%
5 Years:3%
3 Years:-5%
TTM:-29%
Compounded Profit Growth
10 Years:17%
5 Years:-6%
3 Years:-30%
TTM:-69%
Stock Price CAGR
10 Years:26%
5 Years:9%
3 Years:-12%
1 Year:96%
Return on Equity
10 Years:21%
5 Years:21%
3 Years:17%
Last Year:8%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
2 2 2 2 2 2 2 2 2 2 2 2
Reserves 2 2 2 2 3 5 7 9 14 16 21 23
Borrowings 0 2 9 7 6 9 9 6 21 23 18 14
1 2 7 7 8 18 15 16 24 17 12 18
Total Liabilities 5 8 20 18 19 33 32 33 61 58 53 57
2 2 13 13 12 14 15 13 28 30 29 27
CWIP 0 1 0 0 1 0 0 0 3 0 0 0
Investments 1 0 0 0 0 0 0 0 0 0 1 0
1 4 7 5 6 19 18 19 29 28 24 30
Total Assets 5 8 20 18 19 33 32 33 61 58 53 57

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0 0 2 1 6 7 1 4 2 9 7 9
-1 -1 -8 3 -4 -6 -1 -0 -15 -6 -2 0
-0 1 6 -3 -2 2 -3 -4 12 0 -5 -8
Net Cash Flow -1 1 -0 -0 0 3 -3 -0 -1 3 0 1

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 14% 12% 13% 17% 26% 23% 33% 27% 33% 18% 23% 10%
Debtor Days 23 24 22 14 10 26 21 20 35 21 23 26
Inventory Turnover 37.14 46.58 38.70 27.18 42.85 40.34 38.58 39.55 40.13 38.74 25.52 13.23

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
56.62 56.62 60.17 60.00 60.00 60.00 60.00 60.00 60.00 60.00 60.00 60.00
0.06 0.06 0.06 0.06 0.06 0.14 0.06 0.06 0.06 0.06 0.06 0.06
43.32 43.32 39.78 39.94 39.94 39.86 39.94 39.94 39.94 39.94 39.94 39.94

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