BSE: 506981
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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Polyester texturised yarn, Related-party yarn and material sales to BSPL. Small-scale, low-margin polyester yarn manufacturer with a high related-party concentration
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 243 | 253 | 256 | 249 | 220 |
| EBITDA (ex other income) | 7 | 4 | 3 | 1 | 3 |
| margin % | 3.0 | 1.5 | 1.3 | 0.4 | 1.2 |
| Owners' profit | 3 | 1 | 1 | (1) | 0 |
| EPS, as reported (₹) | 16.33 | 4.63 | 2.66 | (5.11) | 0.95 |
| ROE % · ROCE % | 11.7 · 15.9 | 3.3 · 5.6 | 1.9 · 3.7 | (3.8) · (3.4) | 0.7 · 1.4 |
| Debt / equity (x) | 0.41 | 0.36 | 0.16 | 0.06 | 0.00 |
| Cash from operations | 4 | 2 | 4 | 2 | 4 |
| Capex | (0) | (0) | (0) | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 68 | 64 | 61 | 56 | 57 | 56 | 54 | 53 |
| Profit before tax | (0) | (0) | (0) | (0) | (1) | (0) | (0) | 1 |
| Net profit | (0) | (0) | (0) | (0) | (1) | (0) | (0) | 1 |
| EPS (₹) | (1.88) | 0.00 | 0.00 | (0.35) | (3.09) | (1.20) | (0.06) | 5.31 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,325 | 40.9 | 6.55 | 27.0 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,367 | 74.1 | 4.09 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,669 | 17.0 | 1.39 | 11.3 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 10,870 | 27.4 | 2.28 | 13.4 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,471 | 56.1 | 3.60 | 20.4 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,310 | 35.3 | 5.40 | 22.9 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,207 | 22.0 | 2.80 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,178 | 68.8 | 2.23 | 18.6 | 4.1 | 3.5 | — | 8.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 128.2 | 16.8 | 169 of 179 | 6% |
| P/B | 0.9 | 1.1 | 75 of 185 | 59% |
| ROCE | 0.8 | 4.3 | 155 of 215 | 28% |
| ROE | 0.7 | 4.7 | 139 of 188 | 26% |
| Debt / Equity | 0.0 | 0.4 | 1 of 188 | 89% |
| EBITDA margin | 3.7 | 9.8 | 149 of 198 | 25% |
| Revenue growth | (6.1) | 6.9 | 137 of 192 | 29% |
| Profit growth | 1609.4 | 20.0 | 8 of 203 | 97% |
| Market cap | 24 | 61 | 160 of 223 | 28% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Portfolio manager clients sell 2,986 Blue Chip Tex shares | ownership changes | medium | — | — |
| 28 Oct 2026 · Counter Cyclical Investments trims Blue Chip Tex stake to 5.46% | ownership changes | medium | — | — |
| 26 Oct 2026 · Board meeting set for results and proposed buyback | corporate actions | medium | — | — |
| 5 Oct 2026 · RTA submits SEBI Reg 74(5) dematerialization certificate for Q2 FY27 | compliance | minimal | — | — |
| 23 Sept 2026 · AGM 2026: All 6 resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 22 Sept 2026 · Shareholders approve new MOA and AOA at AGM | general | low | — | — |
| 22 Sept 2026 · Independent Director Mr Saurabh Somani appointed for five years | management changes | medium | — | — |
| 22 Sept 2026 · Blue Chip Tex Industries 41st AGM proceedings - 6 resolutions for e-voting | board shareholder meetings | low | — | — |
| 5 Sept 2026 · PMS offloads 2,340 shares via open market, stake dips to 5.62% | ownership changes | high | — | — |
| 28 Aug 2026 · Notice of 41st AGM, book closure dates and remote e-voting information | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.