Blue Blends (India) Ltd

Blue Blends (India) Ltd

₹ 0.80 -5.88%
26 Oct 2020
About

Blue Blends (India) is engaged in the business of dealings and manufacturing of denim fabrics.

  • Market Cap 1.73 Cr.
  • Current Price 0.80
  • High / Low /
  • Stock P/E
  • Book Value -20.6
  • Dividend Yield 0.00 %
  • ROCE -23.7 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 276 to 73.9 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -44.4% over past five years.
  • Contingent liabilities of Rs.3.78 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Processing

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
11.42 12.58 11.97 7.71 4.47 3.42 3.12 0.00 1.31 4.12 4.70 0.00 2.55
15.65 17.64 30.88 6.95 4.94 3.41 8.80 0.26 2.10 3.90 11.96 0.68 3.00
Operating Profit -4.23 -5.06 -18.91 0.76 -0.47 0.01 -5.68 -0.26 -0.79 0.22 -7.26 -0.68 -0.45
OPM % -37.04% -40.22% -157.98% 9.86% -10.51% 0.29% -182.05% -60.31% 5.34% -154.47% -17.65%
0.58 -8.60 0.62 0.01 0.02 0.00 1.66 0.00 0.00 0.00 0.02 0.09 0.00
Interest 2.03 1.91 2.27 2.06 2.17 2.23 2.25 2.30 2.43 2.47 -7.24 0.00 0.00
Depreciation 0.52 0.51 0.62 0.50 0.47 0.45 0.49 0.47 0.47 0.47 0.47 0.45 0.42
Profit before tax -6.20 -16.08 -21.18 -1.79 -3.09 -2.67 -6.76 -3.03 -3.69 -2.72 -0.47 -1.04 -0.87
Tax % 0.00% 0.00% 1.75% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 59.57% 0.00% 0.00%
-6.21 -16.08 -21.56 -1.79 -3.09 -2.67 -6.77 -3.04 -3.68 -2.72 -0.75 -1.04 -0.88
EPS in Rs -2.87 -7.43 -9.96 -0.83 -1.43 -1.23 -3.13 -1.40 -1.70 -1.26 -0.35 -0.48 -0.41
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
120.63 170.48 171.19 168.69 175.56 176.21 180.15 164.92 132.21 56.71 18.72 9.53 11.37
172.69 157.25 153.71 158.24 157.46 157.97 156.70 144.41 132.52 83.92 24.10 17.60 19.54
Operating Profit -52.06 13.23 17.48 10.45 18.10 18.24 23.45 20.51 -0.31 -27.21 -5.38 -8.07 -8.17
OPM % -43.16% 7.76% 10.21% 6.19% 10.31% 10.35% 13.02% 12.44% -0.23% -47.98% -28.74% -84.68% -71.86%
117.80 0.77 -11.87 21.77 1.62 0.39 -0.07 0.04 -20.04 -8.21 1.74 0.06 0.11
Interest 1.79 1.65 1.36 6.86 9.31 9.13 10.88 11.34 11.82 7.49 8.76 0.02 -4.77
Depreciation 6.79 6.79 5.94 4.36 4.35 4.46 3.13 2.22 2.22 2.19 1.91 1.88 1.81
Profit before tax 57.16 5.56 -1.69 21.00 6.06 5.04 9.37 6.99 -34.39 -45.10 -14.31 -9.91 -5.10
Tax % 0.00% 0.00% 0.00% 0.00% -37.46% -8.53% 7.47% 0.29% -4.91% 0.82% 0.00% 2.83%
57.16 5.56 -1.69 21.00 8.32 5.48 8.68 6.97 -32.71 -45.47 -14.31 -10.18 -5.39
EPS in Rs 31.45 3.06 -0.93 11.55 4.29 2.82 4.47 3.38 -15.11 -21.00 -6.61 -4.70 -2.50
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 11.18% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -25%
5 Years: -44%
3 Years: -58%
TTM: 45%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 6%
TTM: 67%
Stock Price CAGR
10 Years: -23%
5 Years: -2%
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity Capital 18.17 18.17 18.17 18.17 19.41 19.41 19.41 20.59 21.65 21.65 21.65 21.65
Reserves -65.35 -59.79 -61.48 -10.95 5.40 10.88 25.98 32.58 3.71 -41.76 -56.07 -66.25
157.69 149.78 130.36 76.17 71.75 70.77 75.59 75.66 72.37 87.16 91.58 70.76
26.08 35.66 23.79 25.47 40.17 41.15 41.29 25.64 23.20 22.16 21.28 21.13
Total Liabilities 136.59 143.82 110.84 108.86 136.73 142.21 162.27 154.47 120.93 89.21 78.44 47.29
71.06 64.66 34.32 31.95 29.47 25.95 28.31 26.63 24.24 20.75 17.12 15.18
CWIP 0.00 0.00 0.00 0.36 0.57 5.54 0.03 0.00 0.00 0.00 0.00 0.00
Investments 10.74 10.74 10.74 10.74 14.31 13.93 12.99 3.49 3.49 3.49 3.49 3.49
54.79 68.42 65.78 65.81 92.38 96.79 120.94 124.35 93.20 64.97 57.83 28.62
Total Assets 136.59 143.82 110.84 108.86 136.73 142.21 162.27 154.47 120.93 89.21 78.44 47.29

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
60.27 10.87 7.57 12.91 20.08 10.48 14.52 0.67 13.32 -9.51 1.41 20.79
0.11 -0.30 12.45 -2.57 -4.01 -5.30 0.83 -3.42 -26.69 -5.67 -5.92 0.06
-60.53 -9.56 -20.74 -10.87 -6.65 -13.36 -9.12 -1.99 10.34 15.13 4.50 -20.86
Net Cash Flow -0.15 1.01 -0.72 -0.53 9.42 -8.17 6.23 -4.75 -3.03 -0.05 -0.01 -0.01

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 66.63 60.08 42.71 44.94 63.14 88.43 86.21 95.57 101.93 205.57 548.67 73.92
Inventory Days 59.69 54.20 50.49 82.10 105.67 114.15 109.35 125.54 39.86 17.44 106.86 10.58
Days Payable 117.31 99.93 69.97 90.98 91.61 93.50 89.22 63.97 54.03 124.38 1,456.40 1,056.21
Cash Conversion Cycle 9.00 14.34 23.22 36.06 77.20 109.08 106.34 157.13 87.76 98.63 -800.87 -971.71
Working Capital Days 83.90 66.11 87.12 73.61 64.51 78.38 105.54 185.51 69.60 186.14 471.26 -131.37
ROCE % 0.83% 6.22% 12.40% 9.35% 15.28% 14.09% 18.56% 14.68% -2.23% -35.51% -10.68% -23.72%

Shareholding Pattern

Numbers in percentages

Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021
53.16% 53.16% 53.16% 53.16% 53.16% 53.16% 53.16% 53.16% 53.16% 53.16% 53.16% 53.16%
1.60% 1.60% 1.60% 1.60% 1.60% 1.60% 1.60% 1.60% 1.60% 1.60% 1.60% 1.60%
45.24% 45.24% 45.24% 45.24% 45.24% 45.24% 45.24% 45.24% 45.24% 45.24% 45.24% 45.24%
No. of Shareholders 21,49321,56021,47121,46221,48021,50021,45821,46921,44821,43421,43121,428

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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