Blue Star

₹1919.1 48.1 | 2.6%

WEBSITE BSE:500067 NSE : BLUE STAR 15 Jan, 16:01

Market Cap ₹39459 Cr.

Stock P/E 95.2

P/B 15.2

Current Price ₹1919.1

Book Value ₹ 126.3

Face Value 2

52W High ₹2420

Dividend Yield 0.36%

52W Low ₹ 1034.7

Edit Ratio

Blue Star Research see more...

Overview Inc. Year: 1949Industry: Air Conditioners

Blue Star Ltd is an air-conditioning and business refrigeration company. The Company conducts diverse activities, inclusive of electrical, plumbing and fire-fighting offerings. The Company operates via three segments: Electro-Mechanical Projects and Commercial Air Conditioning Systems, Unitary Products and Professional Electronics and Industrial Systems. Its Electro-Mechanical Projects and Commercial Air-conditioning Systems segment consist central air-conditioning projects, electric contracting enterprise, and packaged air-conditioning corporations, along with production and after-sales provider. Its Unitary Products segments include cooling home equipment, cold storage products, together with manufacturing and after-sales service. Its Professional Electronics and Industrial Systems segments include trading and services for testing machines, medical, analytical, test and measuring, information communications, commercial merchandise and systems.

Blue Star Share Price

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Quarterly Price

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Peer Comparison

Blue Star Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Blue Star Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Net Sales	2665	2934	3349	4087	4303	4784	4786	3842	5395	7353	8999
Other Income	26	10	19	34	58	23	73	62	36	30	76
Total Income	2692	2944	3368	4121	4361	4807	4860	3904	5432	7383	9075
Total Expenditure	2537	2792	3186	3891	4114	4486	4572	3650	5104	6911	8452
Operating Profit	155	152	182	230	246	320	288	255	328	472	623
Interest	50	43	36	31	23	45	32	68	51	58	56
Depreciation	34	39	50	55	61	69	84	88	80	80	75
Exceptional Income / Expenses	-17	42	30	0	18	-26	-4	0	0	171	0
Profit Before Tax	54	112	126	144	181	180	168	98	196	505	492
Provision for Tax	0	-21	18	35	49	58	47	32	68	138	124
Profit After Tax	54	133	108	109	132	122	121	66	128	367	368
Adjustments	22	20	19	3	0	0	0	0	0	0	0
Profit After Adjustments	76	153	127	112	132	122	121	66	128	367	368
Adjusted Earnings Per Share	3	7.4	6	5.7	6.9	6.3	6.3	3.4	6.6	19	17.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	22%	33%	13%	13%
Operating Profit CAGR	32%	35%	14%	15%
PAT CAGR	0%	77%	25%	21%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	81%	54%	35%	27%
ROE Average	19%	22%	17%	16%
ROCE Average	24%	25%	20%	18%

Blue Star Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	530	625	801	918	948	961	850	919	1008	1278	2511
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	42	347	173	0	0
Other Non-Current Liabilities	367	357	-92	-90	-88	-60	2	5	43	82	83
Total Current Liabilities	1718	1563	1719	1687	2231	2261	2362	2165	2794	3481	3573
Total Liabilities	2615	2545	2427	2515	3091	3162	3255	3436	4018	4842	6168
Fixed Assets	215	217	231	260	291	306	356	345	377	560	764
Other Non-Current Assets	669	825	456	427	415	440	518	450	515	571	993
Total Current Assets	1731	1503	1738	1827	2380	2415	2381	2623	3120	3709	4411
Total Assets	2615	2545	2427	2515	3091	3162	3255	3436	4018	4842	6168

Blue Star Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	11	63	21	42	74	52	22	218	296	201	171
Cash Flow from Operating Activities	84	192	271	129	-29	147	392	308	59	304	247
Cash Flow from Investing Activities	-25	-20	-73	73	-66	-73	-58	-246	-7	-86	-699
Cash Flow from Financing Activities	-8	-199	-194	-215	73	-105	-138	15	-147	-248	539
Net Cash Inflow / Outflow	52	-27	4	-14	-22	-30	196	78	-95	-30	87
Closing Cash & Cash Equivalent	63	36	42	28	52	22	218	296	201	171	258

Blue Star Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	3.01	7.39	5.98	5.72	6.89	6.32	6.28	3.42	6.63	19.03	17.87
CEPS(Rs)	4.91	9.55	8.77	8.6	10.04	9.92	10.65	8.01	10.81	23.2	21.54
DPS(Rs)	2	2.5	3.25	3.75	5	5	5	2	5	6	7
Book NAV/Share(Rs)	29.44	34.75	34.52	47.68	49.23	49.9	44.12	47.72	52.35	66.38	122.15
Core EBITDA Margin(%)	4.76	4.79	4.82	4.74	4.38	6.21	4.49	5.01	5.4	6.02	6.08
EBIT Margin(%)	3.85	5.24	4.79	4.24	4.73	4.7	4.18	4.33	4.58	7.65	6.09
Pre Tax Margin(%)	2.01	3.77	3.73	3.5	4.19	3.76	3.5	2.56	3.63	6.86	5.46
PAT Margin (%)	2.01	4.49	3.18	2.65	3.07	2.55	2.53	1.72	2.37	4.99	4.08
Cash Profit Margin (%)	3.27	5.8	4.67	3.98	4.47	3.99	4.29	4.02	3.86	6.08	4.92
ROA(%)	2.14	5.15	4.33	4.42	4.72	3.9	3.77	1.97	3.43	8.28	6.68
ROE(%)	10.58	23.03	17.27	14.27	14.25	12.78	13.35	7.45	13.26	32.06	19.39
ROCE(%)	11.26	16.05	15.86	16.24	17.46	17.34	14.96	11.68	16.23	34.07	24.33
Receivable days	89.93	81.41	71.82	66.48	68.66	69.64	67.17	69.25	58.55	58.25	63.43
Inventory Days	65.93	57.23	52.82	48.5	66.98	70.95	65.1	81.57	67.45	60.56	51.64
Payable days	206.05	190.75	185.01	180.95	210.04	221.75	224.43	265.58	189.04	159.82	160.04
PER(x)	33.44	20.82	32.07	60.54	54.75	53.63	36.7	136.93	79.24	36.19	71.09
Price/Book(x)	3.42	4.43	5.56	7.27	7.66	6.8	5.22	9.82	10.04	10.38	10.4
Dividend Yield(%)	1.99	1.62	1.69	1.08	1.33	1.47	2.17	0.43	0.95	0.87	0.55
EV/Net Sales(x)	0.82	1.04	1.1	1.64	1.74	1.44	0.98	2.42	1.94	1.85	2.9
EV/Core EBITDA(x)	14.18	20.16	20.29	29.11	30.4	21.44	16.33	36.55	31.92	28.73	41.89
Net Sales Growth(%)	-3.67	10.08	8.69	22.05	5.29	11.17	0.06	-19.73	40.43	36.28	22.38
EBIT Growth(%)	1.31	49.43	-13.01	7.92	16.51	10.31	-11	-16.9	48.68	127.7	-2.68
PAT Growth(%)	4.65	145.59	-29.44	1.61	20.91	-7.88	-0.76	-45.45	93.75	186.97	0.25
EPS Growth(%)	4.66	145.58	-19.08	-4.34	20.34	-8.17	-0.76	-45.45	93.75	186.97	-6.09
Debt/Equity(x)	0.84	0.53	0.46	0.16	0.34	0.38	0.59	0.63	0.54	0.37	0.09
Current Ratio(x)	1.01	0.96	1.01	1.08	1.07	1.07	1.01	1.21	1.12	1.07	1.23
Quick Ratio(x)	0.74	0.67	0.71	0.74	0.62	0.69	0.65	0.81	0.71	0.69	0.89
Interest Cover(x)	2.09	3.57	4.51	5.71	8.91	5	6.18	2.45	4.81	9.67	9.78
Total Debt/Mcap(x)	0.25	0.12	0.08	0.02	0.04	0.06	0.11	0.06	0.05	0.04	0.01

Blue Star Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	38.78	38.78	38.78	38.78	38.91	36.49	36.49	36.49	36.52	36.46
FII	12.25	11.79	10.96	10.44	11.06	14.89	15.38	15.93	17.03	18
DII	22.06	23.07	24.64	25.13	24.5	25.24	24.83	24.69	23.59	22.91
Public	26.92	26.36	25.62	25.65	25.53	23.38	23.3	22.89	22.86	22.63
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	3.73	3.73	3.73	3.73	7.5	7.5	7.5	7.5	7.51	7.5
FII	1.18	1.14	1.06	1.01	2.13	3.06	3.16	3.27	3.5	3.7
DII	2.12	2.22	2.37	2.42	4.72	5.19	5.1	5.08	4.85	4.71
Public	2.59	2.54	2.47	2.47	4.92	4.81	4.79	4.71	4.7	4.65
Others	0	0	0	0	0	0	0	0	0	0
Total	9.63	9.63	9.63	9.63	19.26	20.56	20.56	20.56	20.56	20.56

Pros

Company has delivered good profit growth of 24% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 22%
Company is almost debt free.

Cons

Promoter holding is low: 36.46%.
Debtor days have increased from 159.82 to 160.04days.
Stock is trading at 15.2 times its book value.

* 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.

Blue Star News

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Blue Star

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Blue Star Research see more...

Overview Inc. Year: 1949Industry: Air Conditioners

Blue Star Share Price

Alert Data

Quarterly Price

Peer Comparison

Blue Star Quarterly Results

Blue Star Profit & Loss

Growth Rates

Blue Star Balance Sheet

Blue Star Cash Flow

Blue Star Ratios

Blue Star Shareholding Pattern

Blue Star News

IPO

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