Blue Star Ltd. News and Updates

Name: Latest research reports of Blue Star Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Blue Star Ltd.
Rating: 3
Author: Motilal Oswal

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Blue Star Ltd.

05 Aug 2020

1877.80

-0.17%

Focus on working capital management remains key

Neutral: Blue Star Ltd.

Target

Motilal Oswal

5 August 2020 successful in reducing its working capital (WC) cycle in FY20. As % of sales, WC stood at 6.2% in F20 (v/s 10.6% in FY19) due to debtor days declining to 57 days in FY20 (v/s 78 days in FY19). Free cash flow (FCF) generated stood at INR3.7b in FY20, implying FCF/EBITDA of 131% and FCF/Adj. PAT of 252%. Over FY14-20, FCF generation stood strong at INR8.9b, implying 100% FCF/Adj. PAT. BLSTRs products are exported to 18 countries across the Middle East, Africa, SAARC and ASEAN regions. Revenues from abroad doubled to INR5.2b in FY20 (v/s INR2.6b in FY15). Also, share of revenue from abroad now constitutes ~10% of the companys total revenue (v/s 8.

Blue Star Ltd. is trading below its 30 day SMA of 1916.8

Blue Star Ltd.

21 Jul 2020

1877.80

-0.17%

Reduce Blue Star; target of Rs 508: Dolat Capital

Moneycontrol

Dolat Capital recommended reduce rating on Blue Star with a target price of Rs 508 in its research report dated July 20, 2020.

Blue Star Ltd. has an average target of 2038.20 from 5 brokers.

Blue Star Ltd.

20 Jul 2020

1877.80

-0.17%

Blue Star

Buy: Blue Star Ltd.

Dolat Capital

The Blue Star AR while addressing the covid-19 impact talks about company's focus on constant innovation, product expansion and dealer engagement. The company revamped its products and brand with Virat Kohli as the brand ambassador in FY20. The company has implemented the BlueStar@80 FY24 strategy; management continuity, constant...

Blue Star Ltd. has an average target of 2038.20 from 5 brokers.

Blue Star Ltd.

06 Jun 2020

1877.80

-0.17%

Pro-Khalistan slogans raised at Golden Temple on Op Blue Star anniversary

Business Standard

'Parallel Jathedar' of Akal Takht Dhian Singh Mand, who entered the premises with the Mann-led group, addressed the gathering

Number of FII/FPI investors decreased from 414 to 359 in Jun 2025 qtr

Pro-Khalistan slogans raised at Golden Temple on the 36th Operation Blue Star anniversary

Moneycontrol | 06 Jun 2020

Blue Star Ltd.

19 May 2020

1877.80

-0.17%

Buy Blue Star; target of Rs 626: Anand Rathi

Moneycontrol

Anand Rathi is bullish on Blue Star has recommended buy rating on the stock with a target price of Rs 626 in its research report dated May 18, 2020.

Blue Star Ltd. is trading below its 30 day SMA of 1916.8

Blue Star Ltd.

13 May 2020

1877.80

-0.17%

Blue Star Consolidated March 2020 Net Sales at Rs 1,299.36 crore, down 18.58% Y-o-Y

Moneycontrol

NULL

Number of FII/FPI investors decreased from 414 to 359 in Jun 2025 qtr

Blue Star Q4 net profit down 89% to Rs 8.9 crore, sales decline 18.5%

Moneycontrol | 12 May 2020

Blue Star Ltd.

13 May 2020

1877.80

-0.17%

Need to tide over COVID-19 challenges to business moat

Neutral: Blue Star Ltd.

Target

Motilal Oswal

13 May 2020 Blue Star (BLSTR) barely managed to report profit in 4QFY20 as shutdown toward end-Mar20 impacted the UCP/EMP segments. Also, BLSTR is looking at debt financing to maintain liquidity in the current challenging times. We have cut our FY21E/F22E earnings by 57%/29% as we factor in likely weak primary sales in the UCP segment in FY21 until inventory weak order inflow and execution in the EMP segment as the company focuses on cash conservation. Our SOTP-based TP stands at We continue to prefer Voltas over BLSTR to play the underpenetrated AC market in India. 4QFY20 revenue declined 18.6% YoY to INR13b and was 16% below expectation. Owing to lack of operating leverage and ECL related provisions in the project business, EBITDA declined 66% YoY to INR373m (63% below est.) EBITDA margin was down 400bp YoY to 2.9% (v/s est. Adj. PAT came in at INR96m, down 88% YoY.

Number of FII/FPI investors decreased from 414 to 359 in Jun 2025 qtr

Blue Star Ltd.

04 May 2020

1877.80

-0.17%

Temperature setting of 24 to 30 degrees centigrade ideal to avoid spread of coronavirus: Blue Star MD Vir Advani

Business Line

Does the use of air-conditioning systems (central ACs and unitary ACs) accelerate the spread of the coronavirus in offices and homes? There's been a l

Blue Star Ltd. has an average target of 2038.20 from 5 brokers.

Blue Star Ltd.

01 May 2020, 03:27PM

1877.80

-0.17%

Blue Star to issue NCDs for 300 crore

Business Line

The board of directors of Blue Star Ltd, at its meeting held on Thursday, April 30, approved the issuance of non-convertible debentures (NCD) of up

Blue Star Ltd. is trading below its 30 day SMA of 1916.8

Cash-strapped Blue Star to raise Rs 300 crore via NCDs to meet expenses

Business Standard | 01 May 2020, 08:37AM

Blue Star Ltd.

13 Mar 2020

1877.80

-0.17%

Coronavirus pandemic | Blue Star sees no disruption to supply chain in short term

Moneycontrol

Thiagarajan said the company is targeting to increase its market share to 15 per cent by FY24 in the domestic air conditioner segment from the present 12.5 per cent.

Number of FII/FPI investors decreased from 414 to 359 in Jun 2025 qtr

Is Blue Star Ltd. worth buying?

183 Votes:

Buy 78.14%

Sell 12.57%

Hold 9.29%

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