---
title: "Blue Blends (India) Ltd (BLUEBLENDS) — Share Price, Financials & Analysis"
symbol: "BLUEBLENDS"
company: "Blue Blends (India) Ltd"
canonical: "https://tapetide.com/stocks/BLUEBLENDS"
isin: "INE113O01014"
nse_symbol: "BLUEBLENDS"
bse_code: "502761"
sector: "Consumer Discretionary"
industry: "Textiles & Apparels"
generated_at: "2026-09-13T18:38:57.973Z"
---

# Blue Blends (India) Ltd (BLUEBLENDS)

Canonical page: https://tapetide.com/stocks/BLUEBLENDS

## Company

- **NSE Symbol:** BLUEBLENDS
- **BSE Code:** 502761
- **ISIN:** INE113O01014
- **Sector:** Consumer Discretionary
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2012-12-04
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** blueblends.com

## About

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

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.32 times its book value

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y | 5Y |
| --- | --- | --- |
| net income growth | -118% | 13% |
| revenue growth | — | 74% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.62 | 2.54 | 3.37 | 1.4 | 1.18 | 1.61 | 1.07 | 0.99 | 5.28 | 72.32 | 74.55 | 59.33 |
| Expenses | 1.16 | 2.53 | 2.95 | 1.32 | 1.07 | 1.44 | 1.1 | 2.27 | 4.55 | 71.59 | 74.85 | 60.51 |
| Operating Profit | 0.46 | 0.01 | 0.42 | 0.08 | 0.11 | 0.17 | -0.03 | -1.28 | 0.73 | 0.73 | -0.3 | -1.18 |
| OPM % | 28.4 | 0.39 | 12.46 | 5.71 | 9.32 | 10.56 | -2.8 | -129.29 | 13.83 | 1.01 | -0.4 | -1.99 |
| Other Income | 0.01 | 0.01 | 0.16 | 0 | 0 | 0 | 0.2 | -0.03 | 0.01 | 0.01 | 0.11 | 0.04 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.32 | 0.63 | 0.63 | 0 | 0 | 0 | 1.27 | 0.32 | 0.32 | 0.32 | 0.32 | 0.2 |
| Profit before tax | 0.15 | -0.61 | -0.05 | 0.08 | 0.11 | 0.17 | -1.1 | -1.63 | 0.42 | 0.42 | -0.51 | -1.34 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.53 | 312.69 |
| Net Profit | 0.15 | -0.62 | -0.06 | 0.08 | 0.11 | 0.17 | -1.1 | -1.63 | 0.42 | 0.42 | -0.64 | -5.53 |
| EPS in Rs | 0.07 | -0.29 | -0.03 | 0.04 | 0.05 | 0.08 | -0.51 | -0.75 | 0.19 | 0.19 | -0.3 | -2.55 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 180 | 165 | 132 | 57 | 19 | 10 | 6 | 5 | 153 | 211 |
| Expenses | 157 | 144 | 133 | 84 | 24 | 18 | 5 | 5 | 153 | 212 |
| Operating Profit | 23 | 20 | 0 | -27 | -5 | -8 | 0 | 0 | 0 | 0 |
| OPM % | 13 | 12 | -0.3 | -48 | -29 | -85 | 7 | 6 | -0.1 | 0 |
| Other Income | 0 | 0 | -20 | -8 | 2 | 0 | 0 | 0 | 0 | 0 |
| Interest | 11 | 11 | 12 | 7 | 9 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Profit before tax | 9 | 7 | -34 | -45 | -14 | -10 | -1 | -1 | -1 | -1 |
| Tax % | 7 | 0 | -5 | 1 | 0 | 3 | 0 | 0 | 9 | — |
| Net Profit | 9 | 7 | -33 | -45 | -14 | -10 | -1 | -1 | -1 | -5 |
| EPS in Rs | 4.47 | 3.39 | -15.11 | -21.01 | -6.62 | -4.71 | -0.31 | -0.34 | -0.66 | -2.47 |
| Dividend Payout % | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 19 | 19 | 21 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 11 | 26 | 33 | 4 | -42 | -56 | -66 | -135 | -15 | -16 |
| Borrowings | 71 | 76 | 76 | 72 | 87 | 91 | 70 | 108 | 0 | 0 |
| Other Liabilities | 41 | 41 | 26 | 23 | 22 | 21 | 21 | 32 | 18 | 27 |
| Total Liabilities | 142 | 163 | 155 | 121 | 89 | 78 | 46 | 27 | 25 | 33 |
| Fixed Assets | 33 | 36 | 34 | 32 | 28 | 24 | 22 | 12 | 11 | 10 |
| CWIP | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 11 | 10 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Assets | 92 | 117 | 120 | 89 | 61 | 52 | 23 | 14 | 13 | 22 |
| Total Assets | 142 | 163 | 155 | 121 | 89 | 78 | 46 | 27 | 25 | 33 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 11 | 16 | 3 | 11 | -9 | 1 | 21 | 0 | -19 | -2 |
| Cash from Investing Activity | -5 | 1 | -3 | -27 | -6 | -6 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | -14 | -10 | -4 | 12 | 15 | 5 | -21 | 0 | 18 | 2 |
| Net Cash Flow | -8 | 6 | -5 | -3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 6 | 16 | 2 | 12 | -8 | 1 | 21 | 0 | -19 | -2 |
| CFO/OP | 62 | 77 | 14 | -3874 | 33 | -31 | -257 | -65 | -5797 | 1385 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 90 | 86 | 96 | 102 | 206 | 549 | 74 | 2 | 57 | 12 |
| Inventory Days | 114 | 109 | 126 | 40 | 17 | 107 | 11 | — | — | 1 |
| Days Payable | 93 | 89 | 64 | 55 | 124 | 1458 | 1055 | — | — | 14 |
| Cash Conversion Cycle | 111 | 106 | 157 | 88 | 99 | -802 | -970 | 2 | 57 | -1 |
| Working Capital Days | 65 | 79 | 163 | 33 | -263 | -980 | -2185 | -7685 | -763 | -32 |
| ROCE % | 14 | 19 | 15 | -2 | -36 | -11 | -24 | — | -147 | -21 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Jun 2021 | Mar 2025 | Mar 2026 | Aug 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 61.37% | 57.08% | 53.16% | 53.16% | 53.16% | 53.16% | 53.16% | 53.16% | 94.87% |
| DIIs | 1.68% | 1.6% | 1.6% | 1.6% | 1.6% | 1.6% | 1.59% | 1.59% | 0.17% |
| Public | 36.95% | 41.32% | 45.24% | 45.24% | 45.24% | 45.24% | 45.25% | 45.25% | 4.95% |
| No. of Shareholders | 19067 | 21462 | 21471 | 21458 | 21431 | 21428 | 21399 | 21396 | 16768 |

### Quarterly

| Category | Mar 2021 | Jun 2021 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Aug 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 53.16% | 53.16% | 53.16% | 53.16% | 53.16% | 53.16% | 53.16% | 53.16% | 53.16% | 53.16% | 53.16% | 94.87% |
| DIIs | 1.6% | 1.6% | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% | 0.17% |
| Public | 45.24% | 45.24% | 45.24% | 45.24% | 45.24% | 45.25% | 45.25% | 45.24% | 45.25% | 45.25% | 45.24% | 4.95% |
| No. of Shareholders | 21431 | 21428 | 21405 | 21402 | 21401 | 21399 | 21402 | 21401 | 21400 | 21396 | 21396 | 16768 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 0.8 | Sell |
| EMA (10) | 0.8 | Sell |
| SMA (20) | 0.8 | Sell |
| EMA (20) | 0.8 | Sell |
| SMA (50) | 0.8 | Sell |
| EMA (50) | 0.8 | Sell |
| SMA (100) | 0.8 | Sell |
| EMA (100) | 0.8 | Sell |
| SMA (200) | 0.8 | Sell |
| EMA (200) | 0.8 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 100 | Sell |
| MACD (12,26,9) | 0 | Sell |
| Stochastic (14,3,3) | 50 | Neutral |
| ADX (14) | 0 | Neutral |
| Williams %R (14) | -50 | Neutral |
| ATR (14) | 0 | Low Volatility |
| ROC (12) | 0 | Neutral |
| Stoch RSI (14) | 50 | Neutral |
| UO (7,14,28) | — | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E September 08 2026 - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5a4faa1b-1c3c-41f3-b3d5-2896cfd7f9b8.pdf) |
| 2026-09-08 | [Outcome Of Board Meeting Held Today I.E September 08 2026 - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=97b35f91-e975-43cf-8052-8cf3e5ea3ed0.pdf) |
| 2026-08-21 | [Disclosures under Reg. 10(6) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=371199E0_D8C6_4F9B_AF25_958C1C595534_105549.pdf) |
| 2026-08-20 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C5E98F24_1772_4D4C_8482_C785C12AD667_104750.pdf) |
| 2026-08-20 | [Disclosure Under Regulation 29(1) Of SEBI (Substantial Acquisition Of Shares & Takeovers) Regulation 2011.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9027cb35-18da-48c7-abcb-1b9d84bbca6c.pdf) |
| 2026-08-18 | [Board Meeting Outcome for Outcome Of Board Meeting Held On August 18 2026 - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b4193365-6850-465d-a7ce-ea8044924000.pdf) |
| 2026-08-18 | [Cancellation Of All The Existing Equity Shares Held By The Existing Promoter & Promoter Group And Reduction Of Equity Shares Held By The Existing Public Shareholders Pursuant To The Approved Resolution Plan And Order Of The Adjudicating Authorities.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=44ae12cd-3098-4394-bcbb-cf88bb23d53a.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Allotment](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c6e7aa88-9bcd-4e98-a645-7382c0051c72.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Outcome Of Board Meeting Held On August 14 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0f67b08a-5738-4348-b7ee-f5320e984b90.pdf) |
| 2026-08-14 | [Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f9f7b394-c7ba-4253-9fce-5f5ca4ff3981.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8h - ICRA upgraded Vaibhav Global’s Combined ESG Rating to 74 (Strong) on March 5, 2026. | [ICRA Upgrades Vaibhav Global''s ESG Rating 8h - ICRA upgraded Vaibhav Global’s Combined ESG Rating to 74 (Strong) on March 5, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ad7a3e90-abb2-47cb-ad1f-54e56a22703d.pdf) |
| 7h - Newspaper Publication - Special Window for Transfer and Dematerialisation of Physical Shares | [Announcement under Regulation 30 (LODR)-Newspaper Publication 7h - Newspaper Publication - Special Window for Transfer and Dematerialisation of Physical Shares](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4626241e-4b4d-45fa-9268-91d0c5e99a11.pdf) |
| 7h - Board meeting on April 17, 2026 to approve unaudited results for quarters ended June, September and December 2025. | [Board Meeting Intimation for Board Meeting Intimation For Prior Intimation Under Regulation 29 Of The SEBI (LODR) Regulations 2015. 7h - Board meeting on April 17, 2026 to approve unaudited results for quarters ended June, September and December 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3466fef8-ffdf-4cfe-86b4-edf0d6f75453.pdf) |
| 3 Mar - Of Participation in 'Bharat Connect 2026' an Investor Conference organised by Arihant Capital Markets Limited | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3 Mar - Of Participation in 'Bharat Connect 2026' an Investor Conference organised by Arihant Capital Markets Limited](https://www.bseindia.com/xml-data/corpfiling/AttachHis/063535c7-82c5-4473-9ce1-86e77ea59530.pdf) |
| 3 Apr - Regulation 74(5) certificate for quarter ended March 31, 2026; no shares dematerialised. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 3 Apr - Regulation 74(5) certificate for quarter ended March 31, 2026; no shares dematerialised.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/de7a3799-508e-45c5-8545-940d90d8a1ab.pdf) |
| 29 Jan - Newspaper Publication - Financial Results of Q3 & 9M FY 2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Jan - Newspaper Publication - Financial Results of Q3 & 9M FY 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/66e22b43-84f1-4490-b69b-9213f2a2e8bc.pdf) |
| 28 Jan - Investor Presentation of Q3 & 9M FY26 | [Announcement under Regulation 30 (LODR)-Investor Presentation 28 Jan - Investor Presentation of Q3 & 9M FY26](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dab9a568-b442-4f8c-832c-5cdcfd1112f4.pdf) |
| 28 Jan - Audio Recording of Q3 & 9M FY26 Earnings Conference call | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 28 Jan - Audio Recording of Q3 & 9M FY26 Earnings Conference call](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e558cbe6-c789-4007-a22d-1f1238dd2162.pdf) |
| 27 Mar - Record date April 17, 2026 for issuing shares to existing shareholders under NCLT/NCLAT-approved resolution plan | [Record Date For Ascertaining The Entitlement Of Existing Shareholders 27 Mar - Record date April 17, 2026 for issuing shares to existing shareholders under NCLT/NCLAT-approved resolution plan](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8f5feb9b-dd9e-498e-acad-f1930ec6eb7f.pdf) |
| 20 Feb - Appointed M/s. Shabbir & Rita Associates LLP as statutory auditors for FY2025-26, effective 20 Feb 2026; post-CIRP implementation. | [Board Meeting Outcome for Outcome Of Board Meeting Held On February 20, 2026. 20 Feb - Appointed M/s. Shabbir & Rita Associates LLP as statutory auditors for FY2025-26, effective 20 Feb 2026; post-CIRP implementation.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fa2f5653-fc36-4d99-830d-9c0a7a8e8c53.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2020 | [Concall - Sep 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4933fea9-d684-4b9c-8d15-a7304242eed7.pdf) |
| Oct 2017 | [Concall - Oct 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/10/ff4c3298-9049-4e03-8013-96661c64890d.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e68aa034-9421-46e4-97a8-f289a904cc21.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb62a044-1348-4416-9cd2-53ca6d9cf84b.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8b353726-f492-4e85-85c9-1f377110e9d5.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/43f869a5-728c-4744-a82a-7b8bcd28576c.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8fcf8b4a-0444-464e-9458-49c711033ea8.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9eeb4658-a8ac-4b8a-90f4-73803aa73cfe.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0e1b035b-a610-4ee2-8216-9fa0f3b830bf.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b751902b-1ab5-4625-896a-be8d20ca072d.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a5e91439-bdc4-4f38-b3a2-ead9f45c90e6.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a5e045a3-a67d-4ef6-83b5-a0a1544a5779.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a5f41562-b634-47bd-80f5-46266f95c898.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532156/73622532156.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/502761/69605502761.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532156/68813532156.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532156/5321560320.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/502761/68119502761.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/502761/5027610319.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532156/5321560319.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:38:57.973Z.