Blue Star
Market Cap
₹80.5b
Last Updated
2020/02/19 12:50 UTC
Data Sources
Company Financials +
Executive Summary
Blue Star Limited operates as a central air conditioning and commercial refrigeration company in India and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record and pays a dividend.
Similar Companies
Share Price & News
How has Blue Star's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 500067 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.5%
500067
-1.5%
IN Building
-1.5%
IN Market
1 Year Return
41.4%
500067
12.9%
IN Building
10.7%
IN Market
Return vs Industry: 500067 exceeded the Indian Building industry which returned 12.9% over the past year.
Return vs Market: 500067 exceeded the Indian Market which returned 10.7% over the past year.
Shareholder returns
| 500067 | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.5% | -1.5% | -1.5% |
| 30 Day | -3.2% | -0.7% | -2.7% |
| 90 Day | 5.4% | 5.4% | 1.3% |
| 1 Year | 43.5%41.4% | 17.0%12.9% | 12.7%10.7% |
| 3 Year | 55.4%49.2% | 30.6%22.8% | 22.0%15.1% |
| 5 Year | 192.1%171.5% | 86.6%65.9% | 34.5%22.0% |
Price Volatility Vs. Market
How volatile is Blue Star's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
What Do Analysts Think About Blue Star Limited's (BOM:500067) Profit Growth?1 year ago | Simply Wall St
May Top Growth Stocks To Buy1 year ago | Simply Wall St
May Top Growth Stocks To BuyValuation
Is Blue Star undervalued compared to its fair value and its price relative to the market?
37.4x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 500067 (₹832.45) is trading above our estimate of fair value (₹280.71)
Significantly Below Fair Value: 500067 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 500067 is poor value based on its PE Ratio (37.4x) compared to the Building industry average (11.5x).
PE vs Market: 500067 is poor value based on its PE Ratio (37.4x) compared to the Indian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: 500067 is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: 500067 is overvalued based on its PB Ratio (9.2x) compared to the IN Building industry average (0.9x).
Next Steps
Future Growth
How is Blue Star forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
19.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 500067's forecast earnings growth (19.5% per year) is above the savings rate (6.5%).
Earnings vs Market: 500067's earnings (19.5% per year) are forecast to grow slower than the Indian market (20.6% per year).
High Growth Earnings: 500067's earnings are forecast to grow, but not significantly.
Revenue vs Market: 500067's revenue (12.6% per year) is forecast to grow faster than the Indian market (9% per year).
High Growth Revenue: 500067's revenue (12.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 500067's Return on Equity is forecast to be high in 3 years time (26.4%)
Next Steps
Past Performance
How has Blue Star performed over the past 5 years?
24.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 500067 has a high level of non-cash earnings.
Growing Profit Margin: 500067's current net profit margins (3.8%) are higher than last year (2.9%).
Past Earnings Growth Analysis
Earnings Trend: 500067's earnings have grown significantly by 24.4% per year over the past 5 years.
Accelerating Growth: 500067's earnings growth over the past year (45.5%) exceeds its 5-year average (24.4% per year).
Earnings vs Industry: 500067 earnings growth over the past year (45.5%) exceeded the Building industry 1.6%.
Return on Equity
High ROE: 500067's Return on Equity (24.7%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Blue Star's financial position?
Financial Position Analysis
Short Term Liabilities: 500067's short term assets (₹22.8B) exceed its short term liabilities (₹20.4B).
Long Term Liabilities: 500067's short term assets (₹22.8B) exceed its long term liabilities (₹1.2B).
Debt to Equity History and Analysis
Debt Level: 500067's debt to equity ratio (38.8%) is considered satisfactory.
Reducing Debt: 500067's debt to equity ratio has reduced from 91.4% to 38.8% over the past 5 years.
Debt Coverage: 500067's debt is well covered by operating cash flow (150.8%).
Interest Coverage: 500067's interest payments on its debt are well covered by EBIT (25.1x coverage).
Balance Sheet
Inventory Level: 500067 has a high level of physical assets or inventory.
Debt Coverage by Assets: 500067's debt is covered by short term assets (assets are 6.8x debt).
Next Steps
Dividend
What is Blue Star's current dividend yield, its reliability and sustainability?
1.20%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 500067's dividend (1.2%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: 500067's dividend (1.2%) is low compared to the top 25% of dividend payers in the Indian market (2.58%).
Stability and Growth of Payments
Stable Dividend: 500067's dividend payments have been volatile in the past 10 years.
Growing Dividend: 500067's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.9%), 500067's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 500067's dividends in 3 years are forecast to be well covered by earnings (39.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
B. Thiagarajan 0
3.8yrs
Tenure
₹53,644,000
Compensation
Mr. B. Thiagarajan has been Managing Director of Blue Star Limited since April 1, 2019. Mr. Thiagarajan was Joint Managing Director of Blue Star Limited from April 1, 2016 to April 1, 2019. He served as th ...
CEO Compensation Analysis
Compensation vs Market: B.'s total compensation ($USD749.64K) is above average for companies of similar size in the Indian market ($USD387.20K).
Compensation vs Earnings: B.'s compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 3.8yrs | ₹53.64m | 0.076% ₹60.8m | |
| Vice Chairman & MD | 0.8yrs | ₹85.41m | 1.17% ₹939.9m | |
| Chief Financial Officer | 5.5yrs | ₹19.88m | no data | |
| Chief Information Officer | 3.6yrs | no data | no data | |
| Company Secretary & Compliance Officer | 4.7yrs | ₹5.31m | no data | |
| Head of Corporate Communications | 0yrs | no data | 0.0050% ₹4.0m | |
| President of Sales | 0yrs | no data | no data | |
| Chief Human Resources Officer | 1.1yrs | no data | 0.020% ₹16.2m | |
| President of Electro-Mechanical Projects & Customer Service | 1.1yrs | ₹4.72m | no data | |
| Executive Vice President of R&D and Procurement | 0yrs | ₹10.21m | 0.011% ₹9.2m |
3.8yrs
Average Tenure
54.5yo
Average Age
Experienced Management: 500067's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 3.8yrs | ₹53.64m | 0.076% ₹60.8m | |
| Vice Chairman & MD | 0.8yrs | ₹85.41m | 1.17% ₹939.9m | |
| Non-Executive Director | 3.2yrs | ₹2.20m | 0.028% ₹22.5m | |
| Independent Director | 2.3yrs | ₹2.33m | no data | |
| Chairman Emeritus | 0.8yrs | ₹4.45m | 3.48% ₹2.8b | |
| Chairman Emeritus | 3.3yrs | ₹2.19m | 2.7% ₹2.2b | |
| Independent Chairman of the Board | 0.8yrs | ₹2.40m | no data | |
| Independent Director | 2.7yrs | ₹2.25m | 0.011% ₹8.9m | |
| Independent Director | 1yrs | ₹467.00k | no data | |
| Non-Executive Director | 3.2yrs | ₹2.03m | no data |
2.5yrs
Average Tenure
63yo
Average Age
Experienced Board: 500067's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Blue Star Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Blue Star Limited
- Ticker: 500067
- Exchange: BSE
- Founded: 1943
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: ₹80.494b
- Shares outstanding: 96.31m
- Website: https://www.bluestarindia.com
Number of Employees
Location
- Blue Star Limited
- Kasturi Buildings
- Mohan T Advani Chowk
- Mumbai
- Maharashtra
- 400020
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 500067 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Feb 1995 |
| BLUESTARCO | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Feb 1995 |
Biography
Blue Star Limited operates as a central air conditioning and commercial refrigeration company in India and internationally. The company operates in three segments: Electro-Mechanical Projects and Packaged Air Conditioning Systems, Unitary Products, and Professional Electronics and Industrial Systems. The Electro-Mechanical Projects and Packaged Air Conditioning Systems segment designs, manufactures, installs, commissions, and maintains central air conditioning plants, packaged/ducted systems, and variable refrigerant flow systems; and provides contracting services in electrification, plumbing, and fire-fighting, as well as after-sales services, such as revamp, retrofit, and upgrade services. The Unitary Products segment offers room air conditioners for residential and commercial applications, water purifiers, air purifiers, and air coolers; and manufactures and markets a range of commercial refrigeration products and cold chain equipment. The Professional Electronics and Industrial Systems segment trades in and services testing machines, medical, analytical, test and measuring, data communications, and industrial products and systems. As of October 17, 2019, the company operated 200 brand stores. Blue Star Limited was founded in 1943 and is headquartered in Mumbai, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 12:50 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.