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Blue Star Ltd share Price

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6M Return 18.60%
1Y Return 49.24%
Mkt Cap.(Cr) 14,134.56
Volume 50,743
Div Yield 0.82%
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Volume 50,743

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Blue Star Ltd.

Q3FY23 Quarterly Result Announced for Blue Star Ltd.

Consumer electronic firm Blue Star announced Q3FY23 results:

  • Consolidated Q3FY23:
    • The Company’s Revenue from Operations increased by 18.72% to Rs 1,788.20 crore for the quarter ended December 31, 2022, compared to Rs 1,506.22 crore during the same period in the previous year.
    • The Operating Profit (PBIDTA excluding Other Income and Finance Income) for the quarter was Rs 104.71 crore compared to Rs 90.59 crore in Q3FY22.
    • During the current financial period the Company has capitalized new capacities including plant and machinery and factory buildings. The Company was hence required to review the expected pattern of consumption of future economic benefits embodied in Property, Plant and Equipment. After the review it was decided to change the depreciation method from ‘Written Down Value’ method to ‘Straight Line Method’ with effect from October 1, 2022. This led to a lower depreciation charge for the quarter by Rs 10.80 crore.
    • Net Profit for the quarter was Rs 58.41 crore, compared to Rs 47.57 crore in Q3FY22.
    • Other Income for Q3FY23 was Rs 5.16 crore, compared to Rs 13.38 crore in Q3FY22. Other Income for Q3FY22 was higher on account of a subsidy received for one of the Company’s manufacturing plants.
    • The Tax expense for the quarter was Rs 21.64 crore, compared to Rs 22.75 crore in Q3FY22.
    • Earnings per share (not annualized) for Q3FY23 (Face value of Rs 2.00) was Rs 6.06 compared to Rs 4.94 in Q3FY22.
    • Carried Forward Order Book as on December 31, 2022, grew by 47.27% to a record Rs 4,861.99 crore compared to Rs 3,301.33 crore as on December 31, 2021.
    • Net Borrowing as on December 31, 2022, stood at Rs 395.85 crore (net debt equity ratio of 0.36) compared to Rs 165.11 crore as at December 31, 2021 (net debt equity ratio of 0.18). During the current financial period the Company and its subsidiary Blue Star Climatech Limited have invested in capacity expansion projects which has caused the debt levels to increase.
  • Consolidated Segment Q3FY23:
    • Revenue from the Electro-Mechanical Projects and Commercial Air Conditioning Systems segment grew by 20.51% to Rs 1,000.09 crore in Q3FY23 compared to Rs 829.85 crore in Q3FY22. The Segment Result for Q3FY23 grew by 36.77% to Rs 71.68 crore compared to Rs 52.41 crore in Q3FY22. 
    • Unitary Products revenue grew by 15.13% to Rs 701.90 crore in Q3FY23 compared to Rs 609.68 crore in Q3FY22. The Segment Result grew by 33.65% to Rs 51.83 crore in Q3FY23 compared to Rs 38.78 crore in Q3FY22.
    • The Professional Electronics and Industrial Systems Business revenue grew by 29.27% to Rs 86.21 crore in Q3FY23 compared to Rs 66.69 crore in Q3FY22 driven by strong demand for Healthcare solutions on the backdrop of increasing awareness and investments in the Healthcare sector.
  • Consolidated 9MFY23:
    • For the nine months ended December 31, 2022, the Company reported Revenue from Operations of Rs 5,334.76 crore compared to Rs 3,798.00 crore over the same period in the previous year, a growth of 40.46%.
    • Operating Profit (PBIDTA excluding Other Income and Finance Income) was Rs 313.61 crore compared to Rs 203.52 crore during the same period last year.
    • Net Profit for the nine months ended December 31, 2022, at Rs 175.40 crore has crossed the Net Profit of Rs 168.00 crore earned for the full year ended March 31, 2022. Net Profit for the nine months ended December 31, 2021, was Rs 91.73 crore.



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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Blue Star Ltd Stocks COMPARISION


Equity Capital: 1,017.58 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 6,206.94 33,704.16
LAST 3M 18,301.56 58,999.00
LAST 6M 64,412.59 43,706.77
LAST 12M 118,019.00 92,784.99

Blue Star Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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.

No Data Found

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500067
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 Jun 07, 2023 03:58 PM the closing price of Blue Star Ltd was ₹ 1,467.55.

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 Jun 07, 2023 03:58 PM, the market cap of Blue Star Ltd stood at ₹ 14,134.56.

The latest PE ratio of Blue Star Ltd as of Jun 07, 2023 03:58 PM is 51.02

The latest PB ratio of Blue Star Ltd as of Jun 07, 2023 03:58 PM is 0.09

The 52-week high of Blue Star Ltd is ₹ 1,615.00 while the 52-week low is ₹ 859.05

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