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Blue Star Ltd share Price Today

Company details

1,601.70
1,695.85
701.70
1,897.80
6M Return 69.09%
1Y Return 107.50%
Mkt Cap.(Cr) 33,721.89
Volume 368,542
Div Yield 0.43%
OI
-
OI Chg %
-
Volume 368,542

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Consumer Electronics company Blue Star announced consolidated Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • The Company’s Revenue from Operations increased by 26.8% to Rs 3,327.77 crore for the quarter ended March 31, 2024, compared to Rs 2,623.83 crore during the same period in the previous year.
  • The Operating Profit (PBIDTA excluding Other Income) for the quarter grew by 35.0% to Rs 241.90 crore (7.3% of Revenue) compared to Rs 179.17 crore in Q4FY23 (6.8% of Revenue).
  • Profit Before Exceptional Items & Tax grew by 46.4% to Rs 214.13 crore in Q4FY24 compared to Rs 146.30 crore in Q4FY23.
  • Net Profit for the quarter excluding exceptional items was Rs 159.71 crore compared to Rs 86.05 crore in Q4FY23. During the previous year, the Company had realised an exceptional gain of Rs 170.81 crore (Rs 139.24 crore net of tax) on sale of a land parcel at Thane. During the current year, no such exceptional income has been accounted for in the books of accounts.
  • Other Income, including treasury income, for Q4FY24 was Rs 12.39 crore compared to Rs 6.65 crore in Q4FY23. Increase in Other Income is mainly on account of higher treasury income attributed to QIP funds.
  • The Tax expense for the quarter was Rs 54.42 crore compared to Rs 91.82 crore in Q4FY23. In the Q4FY23, tax was on higher side due on capital gain on sale of land.

FY24 Financial Highlights:

  • The Company has reported Revenue from Operations of Rs 9,685.36 crore for the year ended March 31, 2024, compared to Rs 7,977.32 crore during FY23, representing a growth of 21.4%.
  • The Operating Profit (PBIDTA excluding Other Income) for the year grew by 34.9% to Rs 664.94 crore (6.9% of revenue) compared to Rs 492.78 crore (6.2% of revenue) in FY23.
  • Profit Before Tax Before Exceptional Items grew by 44.9% to Rs 557.16 crore in FY24 compared to Rs 384.57 crore in FY23.
  • Net Profit for the year was Rs 414.31 crore compared to Rs 400.69 crore in FY23. During the previous year, the Company had realised an exceptional gain of Rs 170.81 crore (Rs 139.24 crore net of tax) on sale of a land parcel at Thane.
  • Other Income including treasury income for FY24 was Rs 47.42 crore compared to Rs 30.87 crore in FY23.
  • Net cash balance as of March 2024 was at Rs 455.93 crore compared to a net borrowing of Rs 208.41 crore as of March 2023 due to repayment of loans from the proceeds of QIP issue.
  • Tax expense for FY24 was Rs 142.85 crore compared to Rs 154.69 crore in FY23.
  • Carried Forward Order Book as on March 31, 2024, grew by 12.3% to Rs 5,697.34 crore, compared to Rs 5,073.27 crore as of March 31, 2023.

Vir S. Advani, Chairman & Managing Director, Blue Star said, “This year was momentous for Blue Star as it marked 80 years of our existence. While the milestone placed us in the elite league of Indian companies that have achieved this feat, we are now focusing on accelerating our growth. The QIP of Rs 1,000 crore raised during the year has strengthened the Balance Sheet and enabled us to fund our growth. It is gratifying that the deficit due to unseasonal rains that impacted our unitary products business in the first quarter has been more than made up by strong sales in the balance quarters of the year helping us to end the year on a high note. The summer season has also begun well and we anticipate significant demand for room air conditioners and commercial refrigeration products to continue. The carried forward order book for the other businesses is healthy and we are confident that the Company will sustain this momentum in FY25 as well.

Result PDF

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Blue Star Ltd shares SWOT Analysis

Strengths (9)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt
  • Increasing Revenue every quarter for the past 2 quarters

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (2)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 1,690.0
R2 1,740.0
R3 1,784.2
Pivot

1,645.87

S1 1,595.9
S2 1,551.7
S3 1,501.7
EMA SMA
1,678.6
1,608.3
1,486.4
1,298.0
1,678.4
1,610.2
1,479.1
1,239.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-25 1214.85 118944 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-25 1214.85 17145 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-25 1214.85 118944 BSE
Name Category Shares
Rohina Lulla PROMOTER 2.12%
Anissa Khanna PROMOTER 2.07%
Suneel Mohan Advani PROMOTER 1.19%
Nargis Suneel Advani PROMOTER 1.11%
Vir S Advani PROMOTER 1.07%
Sunaina Murthy PROMOTER 1.04%
Suneeta Nanik Vaswani PROMOTER 0.86%
Vistra ITCL (India) Limited as a Trustee of Ashok M Advani Family Private Trust PROMOTER 11.63%
Vistra ITCL (India) Limited as a Trustee of SMA Family Private Trust PROMOTER 7.64%
Vistra ITCL (India) Limited as a Trustee of NSA Family Trust PROMOTER 2.24%
Vistra ITCL (India) Limited as a Trustee of SNA Family Trust PROMOTER 2.24%
Ashok Mohan Advani as a Trustee of Suneeta Padmi Trust PROMOTER 0.57%
Dinesh Nanik Vaswani as a Trustee of Suneeta Family Trust PROMOTER 0.56%
Dinesh Nanik Vaswani as a Trustee of Suneeta Family Trust 2 PROMOTER 0.56%
Dinesh Nanik Vaswani as a Trustee of Nanik Family Trust 2 PROMOTER 0.56%
Dinesh Nanik Vaswani as a Trustee of Nanik Family Trust PROMOTER 0.56%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Blue Star Ltd Stocks COMPARISON

Financials( in Cr) Blue Star Ltd Havells India Ltd Dixon Technologies (India) Ltd Voltas Ltd Crompton Greaves Consumer Electricals Ltd
Price 1,640.05 1,768.50 11,267.20 1,477.55 427.90
% Change -4.15 -8.34 -9.22 -0.51 1.15
Mcap Cr 33,721.89 110,870.63 67,417.29 48,889.91 27,518.55
Revenue TTM Cr 9,685.36 18,590.01 12,192.01 12,481.21 7,312.81
Net Profit TTM Cr 414.31 1,270.76 255.08 248.11 441.78
PE TTM 80.69 79.66 183.32 193.99 62.49
1 Year Return 107.50 36.97 165.83 94.91 47.17
ROCE 24.78 24.13 23.60 8.40 16.94
ROE 21.03 18.06 22.36 4.40 15.61
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,610.08 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 9,375.48 46,413.64
LAST 3M 98,140.76 57,810.87
LAST 6M 181,004.26 50,573.11
LAST 12M 308,789.42 84,868.62
Blue Star Limited - Loss of Share Certificates

Jul 18, 2024 l NSE Announcement

Blue Star Limited - Updates

Jul 15, 2024 l NSE Announcement

Date Action Type Ratio
Jul 19, 2024 Dividend 350
Jul 21, 2023 Dividend 600
Jun 20, 2023 Bonus 1:1

Blue Star Ltd Information

Stock PE (TTM)
80.69
Promoter Holding
36.52%
Book Value
126.9404
ROCE
24.78%
ROE
21.03%
Description
  • Blue Star Limited is one of India’s leading air conditioning and commercial refrigeration companies. The company caters to the cooling requirements of corporate, commercial, and residential customers. Blue Star has also forayed into the business of water and air purifiers and electrical, plumbing, and fire-fighting services. The company was founded in 1943 by Mr Mohan T Advani, and its headquarters are located in Mumbai, Maharashtra. As of 16 October 2022, the market capitalisation of the company stood at Rs 11,232 crore.

    The company went public in 1969 with its listing on the Bombay Stock Exchange (BSE) under the code 500067. The company is also listed on the National Stock Exchange (NSE) under the code BLUESTARCO. It is also a part of the BSE 500 index.

    As of 16 October 2022, Blue Star Limited has a network of 31 registered offices, five modern manufacturing facilities, 3,950 channel partners, and about 2,621 employees. The company has a manufacturing footprint of approximately 1 lakh square metres. The company’s electronics and industrial products business is handled under a wholly-owned subsidiary called Blue Star Engineering and Electronics Limited. For the quarter that ended June 2022, the company reported consolidated sales of Rs 1,970.32 crore with a net profit of Rs 74.25 crore.

    As per the shareholding pattern of the company in June 2022, a 38.78% stake in the company was owned by promoters, a 27.23% stake was owned by retail investors, a 21.18% stake was invested in mutual funds, a 12.25% stake belonged to the foreign institutional investors, and the remaining 0.56% was owned by domestic institutions. The company’s management team comprises Mr Suneel M Advani (Chairman), Mr Shailesh Haribhakti (Chairman and Independent Director), Mr Vir S Advani (Vice Chairman and MD), Mr B Thiagrajan (Managing Director), and Mr Rajiv Lulla (Non-Executive and Non-Independent Director), among others.

    On 17 October 2022, the shares of Blue Star Limited were trading at Rs 1195.20 at the NSE and Rs 1195.10 at the BSE. Blue Star Limited’s shares have provided a six-month return of 3.74% and a one-year return of 30.74%. The company’s 52-week low and 52-week high share prices are Rs 839.70 and Rs 1224.70, respectively. The top peers of the company include Voltas, Whirlpool India, Dixon Technology, and Honeywell Auto.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Kasturi Bldg M T Advani Chowk, Jamshedji Tata Road, Mumbai, Maharashtra, 400020

Tel : 91-22-66654000
Email : secretarialdesk:bluestarindia.com
Website : http://www.bluestarindia.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 0
BSE Code : 500067
NSE Code : BLUESTARCO
Book Closure Date (Month) :
BSE Group : A
ISIN : INE472A01039

FAQ’s on Blue Star Ltd Shares

You can buy Blue Star Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Blue Star Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 19, 2024 03:58 PM the closing price of Blue Star Ltd was Rs.1,640.05.

The latest PE ratio of Blue Star Ltd as of Jul 19, 2024 03:58 PM is 80.69

The latest PB ratio of Blue Star Ltd as of Jul 19, 2024 03:58 PM is 0.08

The 52-week high of Blue Star Ltd share price is Rs. 1,897.80 while the 52-week low is Rs. 701.70

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 19, 2024 03:58 PM, the market cap of Blue Star Ltd stood at Rs. 33,721.89 Cr.

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