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Blue Star Ltd share Price Today

Company details

1,374.45
1,437.70
692.50
1,485.35
6M Return 59.87%
1Y Return 94.80%
Mkt Cap.(Cr) 28,451.98
Volume 393,368
Div Yield 0.41%
OI
-
OI Chg %
-
Volume 393,368

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Consumer electronics company Blue Star announced Q1FY24 results:

  • Revenue from operations increased by 12.6% to Rs 2,226.00 crore for Q1FY24, compared to Rs 1,977.03 crore during Q1FY23.
  • The operating profit (PBIDTA excluding other income and finance income) for Q1FY24 was Rs 145.00 crore (6.5% of Revenue) compared to Rs 123.31 crore (6.2% of Revenue) in Q1FY23.
  • Net profit for Q1FY24 grew to Rs 83.37 crore compared to Rs 74.35 crore in Q1FY23.
  • Other income (including finance income) for Q1FY24 was Rs 9.40 crore compared to Rs 10.51 crore in Q1FY23.
  • Finance cost for Q1FY24 increased to Rs 18.00 crore from Rs 10.62 crore in Q1FY23.
  • Tax expense for Q1FY24 was Rs 30.24 crore compared to Rs 26.34 crore in Q1FY23.
  • Earnings per share (not annualized) for Q1FY24 (Face value of Rs 2.00) was Rs 4.33 compared to Rs 3.86 in Q1FY23.
  • Carried forward order book as on June 30, 2023, grew by 37.4% to Rs 5,359.05 crore, compared to Rs 3,901.48 crore as on June 30, 2022.
  • Net borrowing as on June 30, 2023, was Rs 283.46 crore (Debt Equity ratio of 0.20 on a net basis), compared to a net cash position of Rs 81.03 crore as of June 30, 2022. Relatively higher borrowing levels are due to the investments in manufacturing capacity expansion to meet the growth in demand.

 

 

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Blue Star Ltd shares SWOT Analysis

Strengths (14)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Strong Annual EPS Growth

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (3)

  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price
  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 1,422.8
R2 1,461.9
R3 1,486.1
Pivot

1,398.63

S1 1,359.6
S2 1,335.4
S3 1,296.3
EMA SMA
1,329.6
1,258.4
1,159.5
1,026.9
1,309.4
1,269.9
1,132.9
978.6
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 1.05%
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 1,383.75 1,510.65 7,845.40 1,309.35 298.95
% Change -2.53 0.62 0.22 -2.49 2.94
Mcap Cr 28,451.98 94,669.87 46,925.69 43,324.43 19,138.63
Revenue TTM Cr 7,977.32 16,910.73 12,192.01 9,498.77 6,869.61
Net Profit TTM Cr 400.69 1,071.73 255.08 136.22 476.40
PE TTM 79.38 80.07 132.90 155.11 44.43
1 Year Return 94.80 29.14 163.53 59.05 -0.03
ROCE 23.89 21.93 23.60 9.54 17.89
ROE 23.42 16.97 22.36 4.46 18.64
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,330.65 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,235.36 6,962.55
LAST 3M 82,992.21 54,903.33
LAST 6M 132,133.63 84,033.60
LAST 12M 206,189.80 211,987.34

Blue Star Ltd Information

Stock PE (TTM)
79.38
Promoter Holding
36.49%
Book Value
114.3961
ROCE
23.89%
ROE
23.42%
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 Apr 12, 2024 04:05 PM the closing price of Blue Star Ltd was ₹ 1,383.75.

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 Apr 12, 2024 04:05 PM, the market cap of Blue Star Ltd stood at ₹ 28,451.98.

The latest PE ratio of Blue Star Ltd as of Apr 12, 2024 04:05 PM is 79.38

The latest PB ratio of Blue Star Ltd as of Apr 12, 2024 04:05 PM is 0.08

The 52-week high of Blue Star Ltd share price is ₹ 1,485.35 while the 52-week low is ₹ 692.50

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