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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 506981 | NSE: BLUECHIPT

Fundamental Analysis of Bluechip Tex Industries Ltd

Basic Stock Data

Last Updated: April 19, 2024, 11:11 pm

Market Cap 33.6 Cr.
Current Price 171
High / Low218/125
Stock P/E21.0
Book Value 146
Dividend Yield1.17 %
ROCE4.71 %
ROE3.30 %
Face Value 10.0

Data Source: screener.in

Competitors of Bluechip Tex Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sarla Performance Fibers Ltd 477 Cr. 57.274.0/36.822.4 48.90.00 %7.23 %5.45 % 1.00
Jakharia Fabric Ltd 13.8 Cr. 34.057.2/31.5 45.50.00 %2.85 %11.3 % 10.0
AK Spintex Ltd 72.0 Cr. 143169/78.58.79 68.40.00 %27.5 %27.2 % 10.0
Weizmann Ltd 183 Cr. 115155/85.522.1 43.20.43 %12.3 %6.61 % 10.0
Shekhawati Poly-Yarn Ltd 83.6 Cr. 2.502.78/0.4013.6 4.080.00 %32.2 %% 1.00
Industry Average165.88 Cr70.3413.3842.020.09%16.42%10.11%6.40

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales51.3959.5653.6263.0064.2761.9167.0464.3162.5458.8361.2367.2267.47
Expenses49.1657.8452.5059.5362.8160.8866.3963.3161.1158.0359.9465.0966.90
Operating Profit2.231.721.123.471.461.030.651.001.430.801.292.130.57
OPM %4.34%2.89%2.09%5.51%2.27%1.66%0.97%1.55%2.29%1.36%2.11%3.17%0.84%
Other Income0.150.060.160.180.040.570.300.120.030.040.020.230.11
Interest0.320.360.270.240.180.240.170.130.140.180.130.120.10
Depreciation0.700.700.680.670.660.640.640.650.650.630.640.640.63
Profit before tax1.360.720.332.740.660.720.140.340.670.030.541.60-0.05
Tax %26.47%26.39%33.33%25.55%33.33%29.17%50.00%17.65%26.87%-133.33%33.33%30.00%180.00%
Net Profit1.010.530.232.040.440.520.070.280.500.070.361.130.04
EPS in Rs5.132.691.1710.352.232.640.361.422.540.361.835.730.20

Last Updated: April 10, 2024, 6:34 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 9:04 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales495571112138140181257222156243253255
Expenses475268108131134171248210150236249250
Operating Profit234476109126745
OPM %4%5%5%4%5%4%6%4%5%4%3%2%2%
Other Income0000000000100
Interest1111222322111
Depreciation1111112333333
Profit before tax0122437482412
Tax %49%49%34%31%35%34%30%30%24%27%28%24%
Net Profit0012225362312
EPS in Rs1.071.675.898.6812.2310.6626.2914.6729.549.1916.344.628.12
Dividend Payout %71%54%20%14%12%14%7%12%6%33%18%44%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)100.00%0.00%0.00%150.00%-40.00%100.00%-66.67%50.00%-66.67%
Change in YoY Net Profit Growth (%)0.00%-100.00%0.00%150.00%-190.00%140.00%-166.67%116.67%-116.67%

Growth

Compounded Sales Growth
10 Years:16%
5 Years:7%
3 Years:4%
TTM:0%
Compounded Profit Growth
10 Years:10%
5 Years:-29%
3 Years:-46%
TTM:17%
Stock Price CAGR
10 Years:28%
5 Years:12%
3 Years:25%
1 Year:35%
Return on Equity
10 Years:17%
5 Years:13%
3 Years:8%
Last Year:3%

Last Updated: April 16, 2024, 1:50 pm

Balance Sheet

Last Updated: April 3, 2024, 5:21 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2222222222222
Reserves22357914162123252627
Borrowings9769962123181711105
Other Liabilities77818151624171215101011
Total Liabilities20181933323361585357494846
Fixed Assets13131214151328302927242120
CWIP0010003000000
Investments0000000010000
Other Assets75619181929282430242625
Total Assets20181933323361585357494846

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 216714297942
Cash from Investing Activity -83-4-6-1-0-15-6-2000
Cash from Financing Activity 6-3-22-3-4120-5-8-6-4
Net Cash Flow-0-003-3-0-1301-3-2

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-7.00-4.00-2.00-5.00-2.000.00-11.00-14.00-6.00-11.00-4.00-6.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days221410262120352123261517
Inventory Days1712913911111315331818
Days Payable37518573741381913361110
Cash Conversion Cycle2211-18-7-1181425232125
Working Capital Days-19-26-21-11035916221921
ROCE %13%17%26%23%33%27%33%18%23%10%13%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters60.00%60.00%60.00%60.00%60.00%60.00%60.00%60.00%60.00%60.00%60.00%60.00%
DIIs0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%
Public39.94%39.94%39.94%39.94%39.94%39.94%39.94%39.94%39.95%39.94%39.94%39.95%
No. of Shareholders2,7992,8262,8523,0013,2123,3503,3923,3943,3673,3823,4323,433

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)4.6316.339.2129.5114.67
Diluted EPS (Rs.)4.6316.339.2129.5114.67
Cash EPS (Rs.)17.6329.7022.0543.4628.15
Book Value[Excl.RevalReserv]/Share (Rs.)140.38138.65125.50118.1790.99
Book Value[Incl.RevalReserv]/Share (Rs.)140.38138.65125.50118.1790.99
Dividend / Share (Rs.)2.003.003.001.801.80
Revenue From Operations / Share (Rs.)1279.291230.48790.341121.061303.73
PBDIT / Share (Rs.)22.1140.6932.9261.8748.22
PBIT / Share (Rs.)9.1027.2820.0547.8534.71
PBT / Share (Rs.)6.0022.5112.6138.5520.97
Net Profit / Share (Rs.)4.6216.299.1829.4414.63
PBDIT Margin (%)1.723.304.165.513.69
PBIT Margin (%)0.712.212.534.262.66
PBT Margin (%)0.461.821.593.431.60
Net Profit Margin (%)0.361.321.162.621.12
Return on Networth / Equity (%)3.2811.747.3124.9116.08
Return on Capital Employeed (%)5.6415.9210.8323.3817.98
Return On Assets (%)1.906.623.1911.014.98
Long Term Debt / Equity (X)0.070.150.380.640.98
Total Debt / Equity (X)0.360.410.570.641.14
Asset Turnover Ratio (%)5.254.622.854.004.32
Current Ratio (X)1.601.611.451.831.34
Quick Ratio (X)0.960.930.901.250.96
Inventory Turnover Ratio (X)20.6219.0213.4823.7937.36
Dividend Payout Ratio (NP) (%)64.8218.3719.556.0912.26
Dividend Payout Ratio (CP) (%)16.9710.078.144.136.37
Earning Retention Ratio (%)35.1881.6380.4593.9187.74
Cash Earning Retention Ratio (%)83.0389.9391.8695.8793.63
Interest Coverage Ratio (X)7.138.544.426.653.51
Interest Coverage Ratio (Post Tax) (X)2.494.422.234.162.07
Enterprise Value (Cr.)32.0637.7625.5029.9838.03
EV / Net Operating Revenue (X)0.120.150.160.130.14
EV / EBITDA (X)7.344.703.922.453.99
MarketCap / Net Operating Revenue (X)0.090.120.110.070.08
Retention Ratios (%)35.1781.6280.4493.9087.73
Price / BV (X)0.901.090.700.671.15
Price / Net Operating Revenue (X)0.090.120.110.070.08
EarningsYield0.030.100.100.370.13

Last Updated: April 10, 2024, 6:20 am

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 102.36

The stock is overvalued by 40.14% compared to the current price ₹171

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 20.08%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 1.50, which is a positive sign.
  3. The company has higher reserves (13.85 cr) compared to borrowings (11.62 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (164.00 cr) and profit (3.08 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 8.67, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bluechip Tex Industries Ltd:
    1. Net Profit Margin: 0.36%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 5.64% (Industry Average ROCE: 16.07%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 3.28% (Industry Average ROE: 9.46%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.49
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.96
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 21.0 (Industry average Stock P/E: 13.12)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.36
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★★☆☆☆

About the Company - Qualitative Analysis

Blue Chip Tex Industries Ltd. is a Public Limited Listed company incorporated on 17/09/1985 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L17100DN1985PLC005561 and registration number is 037514. Currently Company is involved in the business activities of Manufacture of synthetic or artificial filament yarn, tenacity yarn whether or not textured including high tenacity yarn. Company’s Total Operating Revenue is Rs. 243.08 Cr. and Equity Capital is Rs. 1.98 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Processing/TexturisingPlot No. 63-B, Danudyog Sahakari Sangh Ltd, Silvassa Dadra & Nagar Haveli 396230bluechiptex@gmail.com
http://www.bluechiptexindustrieslimited.com
Management
NamePosition Held
Mr. Shahin N KhemaniManaging Director
Mr. Rahul A KhemaniDirector & CFO
Mr. Siddharth A KhemaniNon Exe.Non Ind.Director
Mr. Abhishek S KamdarIndependent Director
Mr. Rohit P BajajIndependent Director
Ms. Tanya SinghIndependent Director

Blue Chip Tex Industries Ltd. Share Price Update

Share PriceValue
Today₹171.90
Previous Day₹175.00

FAQ

What is the latest fair value of Bluechip Tex Industries Ltd?

The latest fair value of Bluechip Tex Industries Ltd is 102.36.

What is the Market Cap of Bluechip Tex Industries Ltd?

The Market Cap of Bluechip Tex Industries Ltd is 33.6 Cr..

What is the current Stock Price of Bluechip Tex Industries Ltd as on 19 April 2024?

The current stock price of Bluechip Tex Industries Ltd as on 19 April 2024 is 171.

What is the High / Low of Bluechip Tex Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bluechip Tex Industries Ltd stocks is ₹218/125.

What is the Stock P/E of Bluechip Tex Industries Ltd?

The Stock P/E of Bluechip Tex Industries Ltd is 21.0.

What is the Book Value of Bluechip Tex Industries Ltd?

The Book Value of Bluechip Tex Industries Ltd is 146.

What is the Dividend Yield of Bluechip Tex Industries Ltd?

The Dividend Yield of Bluechip Tex Industries Ltd is 1.17 %.

What is the ROCE of Bluechip Tex Industries Ltd?

The ROCE of Bluechip Tex Industries Ltd is 4.71 %.

What is the ROE of Bluechip Tex Industries Ltd?

The ROE of Bluechip Tex Industries Ltd is 3.30 %.

What is the Face Value of Bluechip Tex Industries Ltd?

The Face Value of Bluechip Tex Industries Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bluechip Tex Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE