Blue Star Ltd. News and Updates

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Blue Star Ltd.

31 Aug 2017

1886.10

-0.33%

Blue Star's water purifiers range

Business Line

Blue Star has firmed up plans to expand its range of water purifiers across 100 towns in the country. The company had entered the residential water purifiers segment in October last year. The...

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

Blue Star Ltd.

21 Aug 2017

1886.10

-0.33%

Blue Star up 5% on winning over Rs 500 crore orders

Business Standard

The company said it has won MEP orders of over Rs 500 crore in India.

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

Blue Star Ltd.

07 Aug 2017, 07:03PM

1886.10

-0.33%

Inverter AC sales swell, ahead of new energy efficiency rules

Business Standard

The share of energy-efficient inverter air conditioners touched 31 per cent during the first six months of 2017, a new high since their introduction in the country. While sale of ACs fitted with smart compressors have been on a rise for some time, the recent surge is attributed to manufacturers' growing interest in the segment. Thanks to the new energy-efficiency norms, to take effect from January next year.LG is one company to have completely moved towards inverter split ACs. Others are preparing to align with the change. B Thiagarajan, joint managing director at Blue Star, says: "Realignment of manufacturing lines is not an issue; technologically, we are fully prepared."LG stopped producing split ACs not fitted with inverter technology from January 2017, a year ahead of the deadline. "Moving to inverter technology at one go was a more preferred idea for us, as it offers economies of scale. Also, positioning of our products is sharper, with a single key proposition to lure...

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

Blue Star Ltd.

20 Jul 2017

1886.10

-0.33%

Blue Star's water purifiers range

Business Line

Blue Star, air-conditioning and commercial refrigeration company, which entered the residential water purifier business in October last year, has now announced expansion of its range of products....

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

Blue Star Ltd.

21 Jun 2017

1886.10

-0.33%

Sam Balsara on Blue Star board

Business Line

Air-conditioning and commercial refrigeration major, Blue Star, has appointed Sam Balsara as an additional director of the company with effect from June 20. Sam Balsara is the Chairman &...

Blue Star Ltd. is trading below its 30 day SMA of 1914.9

Blue Star Ltd.

14 Jun 2017

1886.10

-0.33%

Broker's call: Blue Star (Accumulate)

Business Line

Kotak SecuritiesBlue Star (Accumulate)CMP: 649.05Target: 684Blue Star is India's leading air conditioning and commercial refrigeration company, with an annual revenue of over 4,400 crore, a...

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

Blue Star Ltd.

05 Jun 2017

1886.10

-0.33%

Bluestar (Visit Note): Short-term hiccups. NOT RATED

Not Rated: Blue Star Ltd.

HDFC Securities

BSL is well-positioned to capitalise on its brand and distribution strengths, to venture into other product categories like water coolers/ purifiers, air coolers/ purifiers. The base product (ACs) is expected to grow at ~20% over the next three to four years, by when other product categories would also mature. We expect a revenue/PAT CAGR of ~17%/45% respectively over FY17-19E, based on which we arrive at a FV of Rs 634/share

Blue Star Ltd. is trading below its 30 day SMA of 1914.9

Blue Star Ltd.

15 May 2017

1886.10

-0.33%

BLSTR 4QFY17 operational performance was below our expectations. While revenues increase...

Sell: Blue Star Ltd.

Recommendation Target

Emkay

Revenues in the Electro-mechanical projects & packaged air conditioning (EMP & PAC), Unitary product (UP) and Professional Electronics & Industrial Systems (PEIS) increased by 18%, 20% and 8% YoY respectively. While EBITAM increased in EMP & PAC (+170bps YoY) and PEIS (+650bps YoY), it declined by 10bps YoY in UP. Though the market for room air conditioner (RAC) grew by 10% YoY, BLSTR reported 17% YoY growth in RAC and100bps increase in market share to ~11.5%. Order book in EMP & PAC grew by 19% YoY to Rs19bn (Rs16bn YoY). Upgrade FY18/19 EPS estimates by 2.4% and 11.9% respectively on higher revenue...

Blue Star Ltd. is trading below its 30 day SMA of 1914.9

Is Blue Star Ltd. worth buying?

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Buy 78.38%

Sell 12.43%

Hold 9.19%

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