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.
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Blue Star share price as on 24 Apr 2024 is Rs. 1457.55. Over the past 6 months, the Blue Star share price has increased by 58.55% and in the last one year, it has increased by 92.32%. The 52-week low for Blue Star share price was Rs. 692.5 and 52-week high was Rs. 1489.95.
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