BLUE CHIP TEX INDUSTRIES LTD.

Manufactures polyester texturised yarn, with FY26 revenue of ₹21,982.08 lakhs (down about 11.8% from ₹24,928.96 lakhs in FY25) driven by lower yarn sales in the domestic market. The yarn is sold to domestic buyers, and a material portion of transactions flow through Beekaylon Synthetics Private Limited (BSPL), a related party: Bluechip holds 14.96% in BSPL, while BSPL holds 24.67% directly and 49.01% indirectly in Bluechip, and three Khemani-family directors sit on both boards. An EGM on 31 March 2026 approved BSPL-related purchases and sales of yarn, raw materials, packing materials, repairs, store materials and scrap capped at ₹350 crore for FY26-27. Materials make up 80.7% of revenue, with employee cost at 2.5% and other opex at 14.8%, leaving a thin EBITDA margin of 1.24% in FY26. Despite the revenue decline, the company returned to a small FY26 net profit of ₹18.68 lakhs versus a ₹100.61 lakh loss in FY25, with Q4 FY26 PAT of ₹104.60 lakhs. Operating cash flow was ₹440.26 lakhs and total borrowings were reduced to ₹160.40 lakhs.