Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Blue Chip Tex Industries. This is due to cash flow or dividend data being
unavailable. The share price is
₹86.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
Blue Chip Tex Industries's
earnings,
growth
and
assets
is considered below, and whether this is a fair price.
Price based on past earnings
Are
Blue Chip Tex Industries's earnings available for a low price, and how does
this compare to other companies in the same industry?
No analysts cover Blue Chip Tex Industries, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
it right!
-7.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Blue Chip Tex Industries
expected to grow at an
attractive
rate?
Blue Chip Tex Industries's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
Blue Chip Tex Industries's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
Unable to compare Blue Chip Tex Industries's revenue growth to the India market average as no estimate data is available.
Blue Chip Tex Industries's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
Unable to determine if Blue Chip Tex Industries is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
All data from Blue Chip Tex Industries Company Filings, last reported 1 month ago, and in
Trailing twelve months (TTM)
annual period rather than quarterly.
BSE:506981 Past Financials Data
Date (Data in INR Millions)
EPS *
2018-12-31
19.28
2018-09-30
24.88
2018-06-30
26.35
2018-03-31
26.31
2017-12-31
18.48
2017-09-30
12.75
2017-06-30
10.83
2017-03-31
10.64
2016-12-31
12.77
2016-09-30
14.31
2016-06-30
14.56
2016-03-31
12.23
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
Unable to establish if Blue Chip Tex Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
We assess
Blue Chip Tex Industries's future performance by looking at:
Is the annual earnings growth rate expected to beat the low risk savings rate, plus a
premium to keep pace with inflation?
Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
Is the annual earnings growth rate expected to be above 20%? (1 check)
Is the annual revenue growth rate expected to be above 20%? (1 check)
Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making
in the relevant year.
Blue Chip Tex Industries
has a total score of
0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Blue Chip Tex Industries's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
Blue Chip Tex Industries has delivered over 20% year on year earnings growth in the past 5 years.
Blue Chip Tex Industries's 1-year earnings growth is less than its 5-year average (4.3% vs 28.4%)
Blue Chip Tex Industries's earnings growth has not exceeded the IN Luxury industry average in the past year (4.3% vs 13.5%).
Earnings and Revenue History
Blue Chip Tex Industries's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
All data from Blue Chip Tex Industries Company Filings, last reported 1 month ago, and in
Trailing twelve months (TTM)
annual period rather than quarterly.
BSE:506981 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions)
Revenue
Net Income *
G+A Expenses
R&D Expenses
2018-12-31
2,528.81
38.00
52.92
2018-09-30
2,337.22
49.05
50.99
2018-06-30
2,018.74
51.95
47.30
2018-03-31
1,810.37
51.84
43.25
2017-12-31
1,626.89
36.42
40.38
2017-09-30
1,470.56
25.12
37.73
2017-06-30
1,465.05
21.35
28.51
2017-03-31
1,400.80
20.97
34.19
2016-12-31
1,350.37
25.17
32.40
2016-09-30
1,375.84
28.20
31.19
2016-06-30
1,351.40
28.63
30.45
2016-03-31
1,379.90
24.10
29.31
2015-12-31
1,366.83
24.83
40.63
2015-09-30
1,362.59
21.49
39.00
2015-06-30
1,293.84
14.19
36.35
2015-03-31
1,115.65
17.13
19.29
2014-12-31
974.27
14.39
19.92
2014-09-30
847.42
15.34
17.41
2014-06-30
747.49
14.65
15.60
2014-03-31
714.48
11.56
14.16
2013-12-31
647.33
6.48
12.32
2013-09-30
586.39
2.81
12.09
2013-06-30
573.56
4.11
11.70
2013-03-31
550.08
3.28
11.50
2012-12-31
630.38
4.21
7.32
2012-09-30
667.21
3.41
6.34
2012-06-30
569.52
1.34
5.66
2012-03-31
487.42
2.11
5.01
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
Whilst Blue Chip Tex Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
Blue Chip Tex Industries used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
Blue Chip Tex Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
We assess
Blue Chip Tex Industries's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Luxury
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
Blue Chip Tex Industries
has a total score of
2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).
The boxes below represent the relative size of what makes up
Blue Chip Tex Industries's finances.
The net worth of a company is the difference between its assets and liabilities.
Net Worth
Blue Chip Tex Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Blue Chip Tex Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
Blue Chip Tex Industries's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
We assess
Blue Chip Tex Industries's financial health by checking for:
Are short term assets greater than short term liabilities? (1 check)
Are short term assets greater than long term liabilities? (1 check)
Has the debt to equity ratio increased in the past 5 years? (1 check)
Is the debt to equity ratio over 40%? (1 check)
Is the debt covered by operating cash flow? (1 check)
Are earnings greater than 5x the interest on debt (if company pays interest
at all)? (1 check)
Blue Chip Tex Industries
has a total score of
3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
2.09%
Current annual income from
Blue Chip Tex Industries
dividends.
If you bought
₹2,000 of
Blue Chip Tex Industries
shares you are expected to receive
₹42
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
Blue Chip Tex Industries's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
Blue Chip Tex Industries's dividend is below the markets top 25% of dividend payers in India (2.1%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.
We also check to see if the dividend has increased in the past 10 years.
We assess
Blue Chip Tex Industries's dividend by checking for:
Firstly is the company paying a notable dividend (greater than 0.3%) - if
not then the rest of the checks are ignored.
Is current dividend yield above the bottom 25% of dividend payers? (1 check)
Is current dividend yield above the top 25% of dividend payers? (1 check)
Have they paid a dividend for 10 years, and during this period has the
dividend been volatile (drop of more than 25%)? (1 check)
If they have paid a dividend for 10 years has it increased in this time? (1
check)
How sustainable is the dividend, can
Blue Chip Tex Industries
afford to pay it from its earnings today and in 3 years (Payout ratio less than
90%)? (2 checks)
Blue Chip Tex Industries
has a total score of
4/6, see the detailed checks below.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
CEO
AshokKhemani
COMPENSATION
₹0
CEO Bio
Mr. Ashok K. Khemani serves as the Chairman and Managing Director of Blue Chip Tex Industries Ltd. and served as its Chief Financial Officer.
CEO Compensation
Insufficient data for Ashok to compare compensation growth.
Ashok's remuneration is lower than average for companies of similar size in India.
Management Team
Ashok Khemani
TITLE
Chairman & MD
Rahul Khemani
TITLE
CFO & Executive Director
COMPENSATION
₹3M
AGE
33
Shahin Khemani
TITLE
Executive Director
COMPENSATION
₹3M
AGE
33
Bhumit Dharod
TITLE
Company Secretary & Compliance Officer
Board of Directors Tenure
Average tenure of the
Blue Chip Tex Industries
board of directors in years:
4.4
Average Tenure
The tenure for the Blue Chip Tex Industries board of directors is about average.
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.
Blue Chip Tex Industries Limited
MakerChambers-lll,
Office Nos. 15,16 & 17, 1st Floor,
Mumbai,
Maharashtra, 400021,
India
Listings
Exchange Symbol
Ticker Symbol
Security
Exchange
Country
Currency
Listed on
BSE
506981
Equity Shares
Mumbai Stock Exchange
IN
INR
05. Apr 2005
Number of employees
Current staff
0
Blue Chip Tex Industries
employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area
Date (UTC time)
Company Analysis updated:
2019/02/16 12:32
End of day share price update:
2019/02/15 00:00
Last earnings filing:
2019/02/11
Last earnings reported:
2018/12/31
Last annual earnings reported:
2018/03/31
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.