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Blue Star Ltd (BLUESTARCO)

₹1485.152.65%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Blue Star Ltd share Performance

  • ₹1,472.5
    ₹1,522.95
    ₹1485.15
    downward going graph

    0.85%

    Low

    Day's Volatility:3.40%

    High

    2.55%

    downward going graph
  • ₹695.5
    ₹1,634.4
    ₹1485.15
    downward going graph

    53.17%

    Low

    52 Weeks Volatility:63.22%

    High

    10.05%

    downward going graph
1 Month Return+ 1.4 %
3 Month Return+ 18.21 %
1 Year Return+ 103.98 %
Previous Close₹1,525.60
Open₹1,522.95
Volume2.21L
Upper Circuit-
Lower Circuit-
Market Cap₹31,368.59Cr

Analyst Rating

based on 20 analysts

BUY
60.00%
Buy
35.00%
Hold
5.00%
Sell

Based on 20 analysts offering long term price targets for Blue Star Ltd. An average target of ₹1453.65

Source: S&P Global Market Intelligence

Company Information

Blue Star Ltd is a leading Indian engineering and manufacturing company, founded in 1943. It is headed by Managing Director and CEO B Thiagarajan, who has been with the company since 2006. Blue Star Ltd offers a wide range of products and services, including air conditioning and refrigeration, engineering projects, textile machinery, water purification and treatment, cold chain solutions, and professional electronic equipment.

The company's top products include air conditioning systems, refrigeration equipment, water purifiers, cold chain solutions, and professional electronic equipment. Its popular brands include Blue Star, Carrier, Hitachi, Voltas, and Daikin. Blue Star Ltd has a strong presence in the Indian market, with a network of more than 500 dealers and distributors across the country. The company has also established a strong presence in the international market, with offices in the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, and other countries.

Share Price: ₹1485.15 per share as on 24 May, 2024 04:01 PM
Market Capitalisation: ₹31,368.59Cr as of today
Revenue: ₹3,327.77Cr as on March 2024 (Q1 24)
Net Profit: ₹159.71Cr as on March 2024 (Q1 24)
Listing date: 09 Jan, 1995
Chairperson Name: Shailesh Haribhakti
OrganisationBlue Star Ltd
Headquarters
IndustryConsumer Durables
E-voting on sharesClick here to vote

Key events for Blue Star Ltd

  • Blue Star MD Emphasizes Faster Execution Over Order Book Growth - 22 May, 2024

    In an interview, Blue Star Managing Director B Thiagarajan stressed the importance of faster execution and cash conversion over order book growth. He stated that without timely execution and cash flow, an order book is meaningless.

  • Blue Star Chairman Emphasizes Strong Governance and Innovation in Family Business - 18 May, 2024

    Vir Advani, Chairman and Managing Director of Blue Star Limited, emphasized the importance of strong governance, succession planning, product innovation, digitization, and defining the purpose of the organization for family businesses to thrive. He also highlighted the need to balance traditional core values with innovation.

  • Blue Star AC with Hydrophilic Blue Fins and Copper Condensers - 16 May, 2024

    The Blue Star 1.5 Ton AC comes equipped with Turbo-cool, Dust filters, Hydrophilic Blue Fins, Copper condensers, and Ambient cooling. It is an ideal long-term investment for small to medium rooms priced at Rs. 36,849.

  • Blue Star Expects Moderate Growth in Summer Season - 15 May, 2024

    B Thiagarajan, MD of Blue Star, expects a moderate growth rate of 30-40% in the overall summer season despite strong sales in March and April. The AC industry had a great FY24.

  • AC Industry Faces Scarcity of Products Due to High Demand - 14 May, 2024

    Voltas, Daikin, and Blue Star have reported a scarcity of AC products due to unprecedented demand driven by scorching temperatures. Executives estimate a loss of 400,000-500,000 units amounting to Rs 1,200-1,500 crore in potential business. April witnessed substantial growth in sales ranging from 70% to 90%, leading to shortages in various regions.

  • Blue Star Reports Surge in AC Sales - 12 May, 2024

    Blue Star's MD, B Thiagarajan, reported a 70-90% surge in AC sales in April compared to the previous year due to an unexpected demand surge after elections.

  • Blue Star's Accrual Ratio Indicates Lower Free Cashflow - 10 May, 2024

    Blue Star Limited's accrual ratio from cashflow for the year to March 2024 is 0.31, indicating significantly lower free cashflow than statutory profit. The company has also been diluting future earnings by issuing new shares, impacting shareholder returns.

  • Blue Star Focuses on Room ACs; Amazon Offers Discounts - 07 May, 2024

    Blue Star's Managing Director states that the company will prioritize room air conditioners and fast execution of orders over market share growth. Meanwhile, Amazon Sale 2024 is offering discounts of up to 40% on Blue Star split ACs with additional exchange/cashback offers and EMI options.

  • Blue Star Reports Strong Revenue Growth - 06 May, 2024

    Blue Star reported a 26.8% YoY growth in consolidated revenue at Rs. 3,328 crore, led by unitary products revenue, with operating profit up 35% YoY at Rs. 242 crore. The company plans to explore exports opportunities in countries like U.S. and Europe. Analysts maintain a BUY rating on the stock with a revised price target of Rs. 1,670.

  • Blue Star Ltd's Full-Year Results Beat Analyst Predictions - 05 May, 2024

    Blue Star Ltd has released its full-year results, beating analyst predictions with revenues of ₹97b and EPS of ₹20.77. The current consensus from 19 analysts is for revenues of ₹117.0b in 2025, reflecting a 20% increase on revenue over the past year. Statutory earnings per share are predicted to leap 45% to ₹29.27. Analysts have increased their price target for Blue Star by 6.6% to ₹1,312.

  • Blue Star Reports Strong Revenue Growth in Q4 and FY2024 Results - 04 May, 2024

    Blue Star reports strong YoY revenue growth in both Q4 and FY2024 results, with analysts forecasting continued growth over the next three years. The company's share price remains stable.

  • Blue Star Reports Strong YoY Growth in Net Sales for Q1 FY25 - 03 May, 2024

    Blue Star reports strong YoY growth in net sales for Q1 FY25 with standalone and consolidated net sales increasing by 28.67% and 26.83%, respectively.

  • Blue Star Reports Mixed Results for Q4 and FY2024 - 02 May, 2024

    Air conditioning and commercial refrigeration company Blue Star reported a decline in Q4 net profit but beat analyst estimates. The company also introduced a new WiFi inverter AC model. For the full fiscal year FY24, Blue Star reported growth in revenue from operations and operating profit. Overall, mixed results for Blue Star.

  • Blue Star ACs Featured in Amazon Sale - 30 Apr, 2024

    During the upcoming Amazon Sale, customers can expect exciting offers on various products, including inverter ACs such as the Blue Star 1.0 Ton 3 Star Inverter Split AC.

  • Blue Star Aims to Increase Sales of Room Air Conditioners by 20% by FY25 - 26 Apr, 2024

    Blue Star aims to capture a 20% increase in sales of room air conditioner business by the end of FY25. The company's revenue from operations rose 31.55% to Rs 7,977.32 crore in FY23 from Rs 6,064.08 crore in FY22. Its profit after tax (PAT) widened 1.4 times to Rs 400.69 crore in FY23 from Rs 168 crore in FY22.

  • Blue Star's EPS Grows by 79% YoY - 25 Apr, 2024

    Blue Star has seen a significant growth in earnings per share (EPS) over the last year, with an increase from ₹13.05 to ₹23.33. The company also reported an encouraging revenue growth of 18% to ₹90b. Insiders hold a stake worth ₹39b, aligning their interests with shareholders.

  • Blue Star Ltd Stock Breaks Out of Consolidation - 23 Apr, 2024

    The stock price of Blue Star Ltd has broken out from a two-week consolidation period, with rising volumes. The primary trend for the stock is bullish, with higher tops and bottoms on the weekly chart.

Fundamentals of Blue Star Ltd

Insights on Blue Star Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 1.90K Cr → 3.34K Cr (in ₹), with an average increase of 24.0% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 15.38% to 15.93% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, 70.67 Cr → 160.54 Cr (in ₹), with an average increase of 33.5% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 36.49% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, KEI Industries Ltd has given 611.2% return, outperforming this stock by 345.2%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, KEI Industries Ltd has given 115.5% return, outperforming this stock by 11.5%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 23.02% to 22.87% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 23.30% to 22.89% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, BLUESTARCO stock has moved down by -6.8%

Blue Star Ltd Valuation

Blue Star Ltd in the last 5 years

  • Overview

  • Trends

Lowest (21.14x)

March 30, 2020

Industry (-255.43x)

May 24, 2024

Today (71.95x)

May 24, 2024

Highest (330.04x)

December 4, 2020

LowHigh

Mutual Fund Holdings

Funds Holdings
SBI Small Cap Fund Direct Plan GrowthSBI Small Cap Fund Direct Plan Growth4.21%
Kotak Emerging Equity Scheme Direct GrowthKotak Emerging Equity Scheme Direct Growth1.86%
Axis Small Cap Fund Direct GrowthAxis Small Cap Fund Direct Growth3.79%
SBI Multicap Fund Direct GrowthSBI Multicap Fund Direct Growth3.32%
Kotak Small Cap Direct GrowthKotak Small Cap Direct Growth3.3%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
36.49%
0.00
Foreign Institutions
15.93%
0.00
Mutual Funds
22.87%
0.00
Retail Investors
22.89%
0.00
Others
1.83%
0.00

Technicals of Blue Star Ltd share

News & Events of Blue Star Ltd

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Blue Star Ltd (BLUESTARCO) share price today is ₹1485.15

Blue Star Ltd is listed on NSE

Blue Star Ltd is listed on BSE

  • Today’s highest price of Blue Star Ltd is ₹1522.95.
  • Today’s lowest price of Blue Star Ltd is ₹1472.5.

PE Ratio of Blue Star Ltd is 71.95

PE ratio = Blue Star Ltd Market price per share / Blue Star Ltd Earnings per share

Today’s traded volume of Blue Star Ltd(BLUESTARCO) is 2.21L.

Today’s market capitalisation of Blue Star Ltd(BLUESTARCO) is ₹31368.59Cr.

Blue Star Ltd(BLUESTARCOPrice
52 Week High
₹1634.4
52 Week Low
₹695.5

Blue Star Ltd(BLUESTARCO) share price is ₹1485.15. It is down -9.13% from its 52 Week High price of ₹1634.4

Blue Star Ltd(BLUESTARCO) share price is ₹1485.15. It is up 113.54% from its 52 Week Low price of ₹695.5

Blue Star Ltd(BLUESTARCOReturns
1 Day Returns
-40.45%
1 Month Returns
1.4%
3 Month Returns
18.21%
1 Year Returns
103.98%