Blue Chip Tex Industries
Market Cap
₹183.9m
Last Updated
2020/02/19 12:33 UTC
Data Sources
Company Financials
Executive Summary
Blue Chip Tex Industries Limited manufactures and sells polyester texturizing yarns in India.
Rewards
Risk Analysis
Snowflake Analysis
Outstanding track record with excellent balance sheet and pays a dividend.
Share Price & News
How has Blue Chip Tex Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 506981 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.2%
506981
-0.5%
IN Luxury
-1.5%
IN Market
1 Year Return
12.5%
506981
18.2%
IN Luxury
10.7%
IN Market
Return vs Industry: 506981 underperformed the Indian Luxury industry which returned 18.2% over the past year.
Return vs Market: 506981 exceeded the Indian Market which returned 10.7% over the past year.
Shareholder returns
| 506981 | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.2% | -0.5% | -1.5% |
| 30 Day | -2.1% | 3.0% | -2.7% |
| 90 Day | 1.4% | 9.2% | 1.3% |
| 1 Year | 14.9%12.5% | 19.0%18.2% | 12.7%10.7% |
| 3 Year | 28.6%22.2% | 52.2%48.8% | 22.0%15.1% |
| 5 Year | 312.9%276.9% | 106.9%100.1% | 34.5%22.0% |
Price Volatility Vs. Market
How volatile is Blue Chip Tex Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Blue Chip Tex Industries undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 506981 (₹98) is trading below our estimate of fair value (₹230)
Significantly Below Fair Value: 506981 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 506981 is good value based on its PE Ratio (3.1x) compared to the Luxury industry average (11.2x).
PE vs Market: 506981 is good value based on its PE Ratio (3.1x) compared to the Indian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 506981's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 506981 is overvalued based on its PB Ratio (0.9x) compared to the IN Luxury industry average (0.5x).
Next Steps
Future Growth
How is Blue Chip Tex Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
19.9%
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Blue Chip Tex Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Blue Chip Tex Industries is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Blue Chip Tex Industries competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
Past Performance
How has Blue Chip Tex Industries performed over the past 5 years?
22.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 506981 has high quality earnings.
Growing Profit Margin: 506981's current net profit margins (2.6%) are higher than last year (1.5%).
Past Earnings Growth Analysis
Earnings Trend: 506981's earnings have grown significantly by 22.6% per year over the past 5 years.
Accelerating Growth: 506981's earnings growth over the past year (63%) exceeds its 5-year average (22.6% per year).
Earnings vs Industry: 506981 earnings growth over the past year (63%) exceeded the Luxury industry 5.6%.
Return on Equity
High ROE: 506981's Return on Equity (29.1%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Blue Chip Tex Industries's financial position?
Financial Position Analysis
Short Term Liabilities: 506981's short term assets (₹269.5M) exceed its short term liabilities (₹167.9M).
Long Term Liabilities: 506981's short term assets (₹269.5M) exceed its long term liabilities (₹187.6M).
Debt to Equity History and Analysis
Debt Level: 506981's debt to equity ratio (79%) is considered high.
Reducing Debt: 506981's debt to equity ratio has reduced from 80.5% to 79% over the past 5 years.
Debt Coverage: 506981's debt is well covered by operating cash flow (71%).
Interest Coverage: 506981's interest payments on its debt are well covered by EBIT (5.6x coverage).
Balance Sheet
Inventory Level: 506981 has a high level of physical assets or inventory.
Debt Coverage by Assets: 506981's debt is covered by short term assets (assets are 1.6x debt).
Next Steps
Dividend
What is Blue Chip Tex Industries's current dividend yield, its reliability and sustainability?
1.84%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 506981's dividend (1.84%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: 506981's dividend (1.84%) is low compared to the top 25% of dividend payers in the Indian market (2.58%).
Stability and Growth of Payments
Stable Dividend: 506981's dividends per share have been stable in the past 10 years.
Growing Dividend: 506981's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (5.7%), 506981's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Ashok Khemani 0
Mr. Ashok K. Khemani serves as the Chairman and Managing Director of Blue Chip Tex Industries Ltd. and served as its Chief Financial Officer.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 0yrs | no data | 3.79% ₹7.0m | |
| CFO & Executive Director | 10.1yrs | ₹3.00m | 1.28% ₹2.4m | |
| Company Secretary & Compliance Officer | 1yrs | ₹765.00k | no data | |
| Executive Director | 10.1yrs | ₹3.00m | 1.45% ₹2.7m | |
| General Manager of Sales & Marketing | 2.3yrs | no data | no data | |
| Head of Dope Dyed | 4yrs | no data | no data |
2.3yrs
Average Tenure
34yo
Average Age
Experienced Management: 506981's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 0yrs | no data | 3.79% ₹7.0m | |
| CFO & Executive Director | 10.1yrs | ₹3.00m | 1.28% ₹2.4m | |
| Executive Director | 10.1yrs | ₹3.00m | 1.45% ₹2.7m | |
| Non-Executive Independent Director | 5.4yrs | ₹20.00k | no data | |
| Non-Executive Independent Director | 5.3yrs | ₹15.00k | no data | |
| Additional Non-Executive Independent Director | 0.08yrs | no data | no data | |
| Additional Non-Executive Independent Director | 0.08yrs | no data | no data |
5.3yrs
Average Tenure
Experienced Board: 506981's board of directors are considered experienced (5.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Blue Chip Tex Industries Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Blue Chip Tex Industries Limited
- Ticker: 506981
- Exchange: BSE
- Founded: 1985
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹183.946m
- Shares outstanding: 1.97m
- Website: https://www.bluechiptexindustrieslimited.com
Location
- Blue Chip Tex Industries Limited
- MakerChambers-lll
- Office Nos. 15,16 & 17, 1st Floor
- Mumbai
- Maharashtra
- 400021
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 506981 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Apr 2005 |
Biography
Blue Chip Tex Industries Limited manufactures and sells polyester texturizing yarns in India. It also generates electricity through wind farms in the State of Tamil Nadu for the Tamil Nadu Electricity Board. The company was incorporated in 1985 and is based in Mumbai, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 12:33 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.