Blue Blends (India) Ltd - Stock Valuation and Financial Performance

BSE: 502761 | NSE: BLUEBLENDS | Textile | Small Cap

Blue Blends Share Price

0.97 0.00 0.00%
as on 26-Oct'20 18:01

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Blue Blends (India) stock performance -

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P/E Ratio (SA):
0.00
Market Cap:
2.1 Cr.
52-wk low:
1
52-wk high:
1

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

The key valuation ratios of Blue Blends (India) Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of Blue Blends:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 7.5%14.1%16.2%12%15.1%12.9%-9%-37.6%-12.6%-20.1%-
Value Creation
Index
-0.500.2-0.10.1-0.1-1.6NANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 17116917617618016513256.718.79.510
Sales YoY Gr.--1.5%4.1%0.4%2.2%-8.5%-19.8%-57.1%-67%-49.1%-
Adj EPS 3.943.72.74.63.4-8.6-18.3-7-4.7-4.7
YoY Gr.-2.3%-5.8%-26.3%67.9%-26.3%-354.6%NANANA-
BVPS (₹) -23.8412.815.619.425.85.4-14.9-20.8-24.8-23.2
Adj Net
Profit
77.27.25.38.97-18.7-39.6-15.1-10.2-10
Cash Flow from Ops. 7.612.920.110.514.50.613.3-9.51.420.8-
Debt/CF from Ops. 133.42.44.63.696.86.1-10.171.33.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -27.5%-44.5%-58.4%-49.1%
Adj EPS -202.2%-200.4%NANA
BVPSNA-205%-266.2%NA
Share Price -20% -24.7% - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on
Equity %
-68.850.416.610.514.710.7-42.7-1508.355.325.819.6
Op. Profit
Mgn %
10.26.310.310.41312.4-0.2-48-28.7-84.6-12.8
Net Profit
Mgn %
4.14.34.1354.2-14.1-69.9-80.5-106.7-106.8
Debt to
Equity
-8.91.110.90.917-3-2.2-1.5-
Working Cap
Days
1391401501752032572723988921,1150
Cash Conv.
Cycle
25345080911171221823782120

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Blue Blends (India) Ltd.

Standalone Consolidated
TTM EPS (₹) -4.7 -4.7
TTM Sales (₹ Cr.) 9.5 9.5
BVPS (₹.) -23.2 -25.2
Reserves (₹ Cr.) -63 -67
P/BV -0.04 -0.04
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 0.97 / 0.97
All Time Low / High (₹) 0.69 / 120.00
Market Cap (₹ Cr.) 2.1
Equity (₹ Cr.) 21.7
Face Value (₹) 10
Industry PE 28.5

Management X-Ray of Blue Blends:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *99.7499.7499.7499.7499.7499.7499.7499.7499.7499.74
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Blue Blends

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Sales171.19168.69175.56176.21180.15164.92132.2156.7118.729.53
Operating Expenses 153.71158.99157.46157.95157.03144.40132.5183.9224.1017.61
Manufacturing Costs40.6851.5847.9151.2549.7639.9029.4922.5212.104.34
Material Costs104.5595.3698.8996.5196.8392.5993.0238.093.044.14
Employee Cost 4.775.075.265.656.147.125.964.842.111.35
Other Costs 3.726.975.404.554.314.784.0418.466.857.79
Operating Profit 17.489.7118.0918.2623.1220.52-0.30-27.20-5.38-8.08
Operating Profit Margin (%) 10.2%5.8%10.3%10.4%12.8%12.4%-0.2%-48.0%-28.7%-84.7%
Other Income 0.561.881.150.330.521.220.330.731.740.07
Interest 1.366.8610.469.3311.1312.5311.917.568.760.02
Depreciation 5.944.364.354.463.132.222.222.191.911.88
Exceptional Items -12.4320.631.620.2500-20.29-8.8700
Profit Before Tax -1.69216.065.059.376.99-34.40-45.10-14.31-9.90
Tax 00-2.27-0.430.700.02-1.690.3700.28
Profit After Tax -1.69218.325.488.686.97-32.71-45.47-14.31-10.18
PAT Margin (%) -1.0%12.4%4.7%3.1%4.8%4.2%-24.7%-80.2%-76.5%-106.0%
Adjusted EPS (₹)-0.911.64.32.84.53.3-15.1-21.0-6.6-4.7
Dividend Payout Ratio (%)0%0%0%0%11%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21

Equity and Liabilities

Shareholders Fund -11.0439.4947.8253.3060.6962.0725.36-20.11-34.42-44.60
Share Capital 50.4450.4442.4242.4242.4229.5921.6521.6521.6521.65
Reserves -61.48-10.955.4010.8818.2732.473.71-41.76-56.07-66.25
Minority Interest0000000000
Debt98.0638.1543.2438.3737.5059.2981.3796.16100.5879.76
Long Term Debt81.6624.3137.8328.7921.4745.8938.1825.3125.0925.07
Short Term Debt16.4013.845.419.5816.0413.4043.1970.8475.4954.69
Trade Payables20.0423.7724.8224.7223.6714.8013.7712.9812.1311.98
Others Liabilities 3.787.4417.3520.8238.0619.41-3.80-4.04-4.07-4.07
Total Liabilities 110.85108.86133.23137.21159.92155.57116.7184.9974.2343.07

Fixed Assets

Gross Block94.9890.358989.9089.3089.828473.0470.0269.90
Accumulated Depreciation60.6658.3959.5363.956163.1959.7652.2952.9054.72
Net Fixed Assets34.3331.9529.4725.9528.3126.6324.2420.7517.1215.18
CWIP 00.360.575.540.0300000
Investments 10.7410.7414.3113.9312.993.493.493.493.493.49
Inventories14.4621.4528.6330.1829.0131.8510.161.820.890.12
Trade Receivables20.0320.7730.3742.6942.5543.1836.9231.9428.141.93
Cash Equivalents 1.270.7310.161.988.213.430.080.030.020.01
Others Assets30.0222.8719.7316.9438.8346.9941.8226.9624.5722.34
Total Assets 110.85108.86133.23137.21159.92155.57116.7184.9974.2343.07

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Cash Flow From Operating Activity 7.5712.9120.0810.4814.520.6413.32-9.511.4120.79
PBT 10.74216.065.059.376.99-34.40-45.10-14.31-9.90
Adjustment 6.8511.7414.3613.3114.0613.5535.6134.8314.849.18
Changes in Working Capital -9.980.821.43-7.86-6.49-19.7814.461.121.1621.55
Tax Paid -0.03-0.01-0.15-0.01-2.42-0.13-2.35-0.36-0.28-0.04
Cash Flow From Investing Activity 12.45-2.57-4.01-5.300.838.980.421.822.790.08
Capex 11.97-2.670.86-5.690.24-0.520.421.82-0.040.05
Net Investments 00-4.870.400.589.50002.830
Others 0.490.1000000000.02
Cash Flow From Financing Activity -20.75-10.87-6.65-13.36-9.12-14.40-16.777.64-4.21-20.88
Net Proceeds from Shares 00007.710.815000
Net Proceeds from Borrowing -17.27-4.1826.08-8.44-1.4012.07-4.178.55-0.260
Interest Paid -1.35-6.85-9.30-9.08-10.85-11.31-11.82-7.49-8.72-0.02
Dividend Paid 00000-1.07-0.09000
Others -2.140.15-23.434.17-4.58-14.90-5.696.584.76-20.86
Net Cash Flow -0.72-0.549.42-8.176.23-4.78-3.03-0.05-0.01-0.01
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Ratios
ROE (%)N/A051.9719.8825.5315.36-101.02N/AN/AN/A
ROCE (%)N/A32.6918.3614.5518.4715.95-20.73N/AN/AN/A
Asset Turnover Ratio1.351.541.451.31.211.050.970.560.240.16
PAT to CFO Conversion(x)N/A0.612.411.911.670.09N/AN/AN/AN/A
Working Capital Days
Receivable Days514453768695111222586576
Inventory Days33395261606758392619
Payable Days888490949176561281,5061,064

Blue Blends (India) Ltd Stock News

Blue Blends (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Blue Blends on 26-Oct-2020 18:01 is ₹0.97.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Oct-2020 18:01 the market cap of Blue Blends stood at ₹2.10.
The latest P/E ratio of Blue Blends as of 26-Oct-2020 18:01 is 0.00.
The latest P/B ratio of Blue Blends as of 26-Oct-2020 18:01 is -0.04.
The 52-week high of Blue Blends is ₹0.97 and the 52-week low is ₹0.97.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Blue Blends is ₹9.53 ( Cr.) .

About Blue Blends (India) Ltd

Blue Blends (India), the flagship company of Arya Group, was incorporated in 1983 and has been manufacturing the wonder fabric ‘Denim’ since 1995. Anand Arya, the founder of the Arya Group, has shown phenomenal drive as well as caliber to put Blue Blends on the pedestal of growth.

Today the company is very much there along with the leading textiles manufacturers of the country. They have a composite Denim Mill with installed production capacity of 18 million meters per annum, having control over the entire manufacturing process, right from fiber processing to finished Denim Fabrics.

At Blue Blends, an experienced team of fabric designers and development engineers is at work around the clock. This team is provided inputs regarding trends by the marketing team which does a scientific research and analysis of trends in global markets. This leads the company to manufacture products with appealing designs and attractive quality. Blue Blends, consistently innovate to serve customers with right mix of products.

The company supplies products to a select clientele spread over India, Spain, Portugal, Greece, Italy, Turkey, Israel, U.S.A., Bangladesh, Guatemala, Columbia, Venezuela and other Central American countries.

Manufacturing units:

The manufacturing unit of the company is located at Piplej, in the outskirts of Ahmedabad, which is the Denim Capital of India, as more than 70% of the Indian Denim production occurs in Ahmedabad.

They have a state-of-the-art plant for producing Denim fabrics based on slasher dyeing technology and air-jet weaving machines. They employ latest equipments and utilize best technology to achieve their objective of producing internationally competitive quality in all the areas.

It also has a spinning division (under group company’s name Premier Synthetics) based at Rakanpur / Santej in Ahmedabad suburb, where they  have an installed capacity commensurate with Denim Division’s requirements in both open end and ring spun yarns. This plant is also state-of-the-art with equipments from Schlafhorst, Rieter, Trutzeller and Zinser. The quality of cotton used is also very good since the unit is based close to Kadi, the best cotton ginning centre of Gujarat

Blue Blends consistently gets supplies of quality cotton fiber from Kadi and nearby locations throughout the year, and the transportation of cotton is minimal. The cotton fibers are very carefully selected to suit Denim fabrics’ ultimate requirements and properties.

Product Variety:

The company offers a wide range of products like:

  • Classic Denim
  • Ring or Silky Denim
  • Dobby/Fancy Denim
  • Structured  Denim
  • Amslur Slub Denim
  • Ring Slub Denim
  • Elastane Denim
  • Multitwist Slub Denim
  • Multi Count  Denim

Subsidiary:

Blue Blends Equity is a wholly owned subsidiary of Blue Blends (India).

Associates:

The company's  associates are:

  • Bindal Synthetics
  • Blue Blends Leasing
  • Cressida Traders
  • Blue Blend Holdings
  • Premier Synthetics
  • Blue Blend Stocks and Securities
  • Denim Online Export

Future Plan:

Blue Blends, under its efficient and dynamic leadership, foresees a very bright future for the company in the WTO’s ‘Quota-Free’ world. The company is planning to make new investments and strategies to grow faster than the Indian textile industry.

By continuously working for the achievement of economies of scale, the company aims to become a fully integrated (Fiber to Apparels) Fashion Textiles company.

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