Blue Blends (I) Limited Stock Analysis

Name: Blue Blends (I) Limited (BLUEBLENDS) Stock Analysis
Brand: NSE India
Rating: 2 (1 reviews)

BLUEBLENDS NSE India

Blue Blends (I) Limited (BLUEBLENDS) is a India-based company listed on NSE. This AI-powered analysis provides investment insights based on quarterly earnings reports and financial performance metrics.

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Blue Blends (India) Limited presents an extremely distressed financial profile as this is our first coverage initiation. The company emerged from Corporate Insolvency Resolution Process (CIRP) only on December 6, 2024, after being under insolvency proceedings since December 2, 2021 — a three-year restructuring that fundamentally altered its capital structure. For FY2025, standalone revenue collapsed to Rs. 526.30 lakhs versus Rs. 590.92 lakhs in FY2024 (a 10.9% YoY decline), while the company posted a standalone net loss of Rs. 65.20 lakhs for the full year. Most critically, the balance sheet shows accumulated negative other equity of Rs. 11,504.13 lakhs on a standalone basis, meaning the company's liabilities dwarf its assets in equity terms, reflecting years of losses and the legacy of insolvency — a fundamental solvency concern that no retail investor should dismiss.

Based on: Blue Blends (I) Limited - Financial Results (19/2/2026) (Feb 19, 2026)

+ Key Strengths

Auditor issued an unmodified (clean) opinion on both standalone and consolidated financial results for Q4 FY2025 and FY2025, providing basic assurance that the numbers presented are not materially misstated.

Q4 FY2025 (standalone) delivered a profit of Rs. 17.09 lakhs versus a loss of Rs. 5.63 lakhs in Q3 FY2025 and a loss of Rs. 109.55 lakhs in Q4 FY2024, indicating that the most recent quarter showed meaningful sequential and year-over-year improvement at the bottom line.

The CIRP resolution plan approved by NCLT in December 2024 has cleared a significant legal overhang — outstanding operational creditor and statutory creditor balances have been transferred to Capital Reserve, eliminating a large liability burden and improving the headline balance sheet structure post-resolution.

Short-term borrowings dropped dramatically from Rs. 10,925.14 lakhs (FY2024) to Rs. 50.31 lakhs (FY2025) on a standalone basis, reflecting the debt haircut under the Resolution Plan — this is a transformational deleveraging of the balance sheet.

Finance costs remain negligible at Rs. 0.04 lakhs for FY2025, indicating the restructured company carries virtually zero interest-bearing debt burden, which reduces cash outflow pressure going forward.

- Key Risks

The company carries negative other equity of Rs. 11,504.13 lakhs (standalone) and Rs. 11,479.17 lakhs (consolidated) as of March 31, 2025, indicating that accumulated losses have completely eroded shareholders' funds — the technical net worth is deeply negative and the company is effectively insolvent on a book-value basis.

Full-year standalone revenue of Rs. 526.30 lakhs in FY2025 versus Rs. 590.92 lakhs in FY2024 represents a 10.9% revenue contraction, while Q4 FY2025 standalone revenue of Rs. 107.27 lakhs is sharply lower than both Q3 FY2025 (Rs. 161.16 lakhs) and Q4 FY2024 (Rs. 337.21 lakhs), showing accelerating quarterly revenue deterioration.

Power & Fuel costs of Rs. 316.55 lakhs consumed 60.1% of FY2025 standalone revenues of Rs. 526.30 lakhs, revealing an extremely cost-heavy operational model with little room for profitability at current revenue levels — any energy price increase could further destabilize margins.

Cash flow from operating activities was deeply negative at Rs. -365.87 lakhs (standalone) for FY2025, meaning the company burned cash from core operations and relied entirely on financing activities (notably Rs. 12,128.62 lakhs change in other equity from CIRP resolution adjustments) to survive — sustainable free cash flow generation does not yet exist.

The implementation of the CIRP Resolution Plan is explicitly stated to be 'still under progress' including share allotment and re-listing processes — this creates significant regulatory uncertainty and potential for delays that could affect the company's operational and governance trajectory for the next several quarters.

Subsidiary Bindal Synthetics Private Limited contributed zero revenue for both Q4 FY2025 and full-year FY2025 (Group's share of total revenue Rs. 0.00 lakhs as confirmed in the auditor's report), adding no value while contributing a net loss of Rs. 1.58 lakhs for the year, making the consolidated structure a drag rather than a diversification benefit.

Forward Outlook

The report does not provide any forward guidance, capacity expansion plans, new project announcements, or strategic growth initiatives for the coming quarters. The only forward-looking statement relates to the ongoing implementation of the NCLT-approved Resolution Plan, which includes pending share allotment, re-listing procedures, and statutory appointments by the new management. Given that the Resolution Plan implementation is still underway as of the reporting date (September 2, 2025), the company is in an operational limbo — it has survived insolvency but has not yet demonstrated any credible path to revenue recovery or profitability at scale. The sequential revenue decline from Rs. 337.21 lakhs in Q4 FY2024 to Rs. 107.27 lakhs in Q4 FY2025 suggests the business has not yet stabilized post-CIRP. Until the new management provides a concrete business revival plan, demonstrates sustained quarter-over-quarter revenue growth, and completes the re-listing process, the stock should be approached with extreme caution — this is a speculative restructuring play with binary outcomes and no near-term earnings visibility.

All Scores

Date	Report	Score	Sentiment	AI
Feb 19, 2026	Blue Blends (I) Limited - Financial Results (19/2/2026)	2.0	Strong Sell	Claude
Blue Blends (India) Limited presents an extremely distressed financial profile as this is our first coverage initiation. The company emerged from Corporate Insolvency Resolution Process (CIRP) only on December 6, 2024, after being under insolvency proceedings since December 2, 2021 — a three-year restructuring that fundamentally altered its capital structure. For FY2025, standalone revenue collapsed to Rs. 526.30 lakhs versus Rs. 590.92 lakhs in FY2024 (a 10.9% YoY decline), while the company posted a standalone net loss of Rs. 65.20 lakhs for the full year. Most critically, the balance sheet shows accumulated negative other equity of Rs. 11,504.13 lakhs on a standalone basis, meaning the company's liabilities dwarf its assets in equity terms, reflecting years of losses and the legacy of insolvency — a fundamental solvency concern that no retail investor should dismiss. STRENGTHS: Auditor issued an unmodified (clean) opinion on both standalone and consolidated financial results for Q4 FY2025 and FY2025, providing basic assurance that the numbers presented are not materially misstated. / Q4 FY2025 (standalone) delivered a profit of Rs. 17.09 lakhs versus a loss of Rs. 5.63 lakhs in Q3 FY2025 and a loss of Rs. 109.55 lakhs in Q4 FY2024, indicating that the most recent quarter showed meaningful sequential and year-over-year improvement at the bottom line. / The CIRP resolution plan approved by NCLT in December 2024 has cleared a significant legal overhang — outstanding operational creditor and statutory creditor balances have been transferred to Capital Reserve, eliminating a large liability burden and improving the headline balance sheet structure post-resolution. / Short-term borrowings dropped dramatically from Rs. 10,925.14 lakhs (FY2024) to Rs. 50.31 lakhs (FY2025) on a standalone basis, reflecting the debt haircut under the Resolution Plan — this is a transformational deleveraging of the balance sheet. / Finance costs remain negligible at Rs. 0.04 lakhs for FY2025, indicating the restructured company carries virtually zero interest-bearing debt burden, which reduces cash outflow pressure going forward. RISKS: The company carries negative other equity of Rs. 11,504.13 lakhs (standalone) and Rs. 11,479.17 lakhs (consolidated) as of March 31, 2025, indicating that accumulated losses have completely eroded shareholders' funds — the technical net worth is deeply negative and the company is effectively insolvent on a book-value basis. / Full-year standalone revenue of Rs. 526.30 lakhs in FY2025 versus Rs. 590.92 lakhs in FY2024 represents a 10.9% revenue contraction, while Q4 FY2025 standalone revenue of Rs. 107.27 lakhs is sharply lower than both Q3 FY2025 (Rs. 161.16 lakhs) and Q4 FY2024 (Rs. 337.21 lakhs), showing accelerating quarterly revenue deterioration. / Power & Fuel costs of Rs. 316.55 lakhs consumed 60.1% of FY2025 standalone revenues of Rs. 526.30 lakhs, revealing an extremely cost-heavy operational model with little room for profitability at current revenue levels — any energy price increase could further destabilize margins. / Cash flow from operating activities was deeply negative at Rs. -365.87 lakhs (standalone) for FY2025, meaning the company burned cash from core operations and relied entirely on financing activities (notably Rs. 12,128.62 lakhs change in other equity from CIRP resolution adjustments) to survive — sustainable free cash flow generation does not yet exist. / The implementation of the CIRP Resolution Plan is explicitly stated to be 'still under progress' including share allotment and re-listing processes — this creates significant regulatory uncertainty and potential for delays that could affect the company's operational and governance trajectory for the next several quarters. / Subsidiary Bindal Synthetics Private Limited contributed zero revenue for both Q4 FY2025 and full-year FY2025 (Group's share of total revenue Rs. 0.00 lakhs as confirmed in the auditor's report), adding no value while contributing a net loss of Rs. 1.58 lakhs for the year, making the consolidated structure a drag rather than a diversification benefit.

What is the AI Stock Score?

The AI Stock Score is a composite rating from 0-10 generated by analyzing quarterly earnings reports using three leading AI models (Google Gemini, Anthropic Claude, and OpenAI ChatGPT). Each AI independently evaluates financial performance, growth prospects, risks, and market positioning to provide an objective investment perspective.

How should I interpret Buy/Hold/Sell ratings?

Buy (7.0-10.0): Strong fundamentals and positive outlook. Hold (4.0-6.9): Mixed signals, suitable for existing positions. Sell (0-3.9): Deteriorating fundamentals or significant risks. These are AI-generated opinions for informational purposes only, not investment advice.

How is the composite score calculated?

The composite score is the mathematical average of the latest scores from each AI provider. For example, if Gemini rates 7.5, Claude rates 4.5, and ChatGPT rates 6.0, the composite score would be (7.5+4.5+6.0)/3 = 6.0. This multi-AI approach reduces bias from any single model.

How often are scores updated?

Scores are automatically generated within hours of quarterly earnings results being published on NSE. The system monitors earnings announcements 4 times daily and processes new reports immediately. Check the "Last Updated" date at the top of this page for the most recent analysis timestamp.

Is this financial advice?

No. This is AI-generated analysis for informational and educational purposes only. MarketsHost is not a SEBI-registered Research Analyst or Investment Adviser. AI models can produce inaccurate results. Always consult a qualified financial advisor and conduct your own due diligence before making investment decisions.