Blue Star Ltd

Blue Star is primarily engaged in the business of manufacturing and installation of air conditioning units, commercial refrigeration units, water and air purifiers and air coolers.(Source : 201903 Annual Report Page No: 153)

Pros:
Company has been maintaining a healthy dividend payout of 58.53%
Cons:
Stock is trading at 9.18 times its book value
Tax rate seems low
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer Comparison Sector: Consumer Durables // Industry: Air-conditioners

Loading peers table ...

Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
889 918 1,369 1,511 850 932 1,346 1,508 1,032 1,099 1,596 1,575
849 884 1,297 1,400 801 890 1,286 1,371 974 1,057 1,486 1,461
Operating Profit 40 34 72 111 49 42 60 137 58 42 109 115
OPM % 5% 4% 5% 7% 6% 5% 4% 9% 6% 4% 7% 7%
Other Income 10 6 7 9 5 4 9 19 2 3 3 22
Interest 9 8 11 5 6 7 11 12 12 13 11 8
Depreciation 15 16 17 13 16 17 18 16 17 18 24 20
Profit before tax 27 16 51 102 32 21 40 127 32 14 78 108
Tax % 28% 10% 26% 25% 30% 27% 20% 26% 25% 7% 1% 30%
Net Profit 20 14 37 76 23 13 32 92 20 -1 80 77
EPS in Rs 2.09 1.52 3.89 7.96 2.37 1.40 3.31 9.53 2.03 -0.10 8.29 7.98
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
2,981 2,820 2,924 2,934 3,182 3,798 4,385 4,639 5,235 5,302
2,724 2,842 2,834 2,801 3,036 3,631 4,163 4,373 4,901 4,978
Operating Profit 256 -22 90 134 146 167 222 266 334 325
OPM % 9% -1% 3% 5% 5% 4% 5% 6% 6% 6%
Other Income 32 22 36 35 -11 66 35 22 40 31
Interest 26 72 53 54 49 43 38 29 48 44
Depreciation 32 32 33 38 43 57 61 64 75 79
Profit before tax 231 -103 41 76 43 132 159 196 251 232
Tax % 31% -1% 6% 3% -18% 21% 23% 25% 17%
Net Profit 161 -105 39 78 54 105 123 144 190 175
EPS in Rs 16.76 0.00 3.83 7.71 5.01 10.25 12.88 15.00 19.74 18.20
Dividend Payout % 39% -9% 73% 46% 83% 56% 58% 67% 51%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:12.27%
3 Years:11.29%
TTM:14.38%
Compounded Profit Growth
10 Years:%
5 Years:19.84%
3 Years:19.93%
TTM:9.98%
Stock Price CAGR
10 Years:8.29%
5 Years:19.58%
3 Years:14.35%
1 Year:50.77%
Return on Equity
10 Years:%
5 Years:20.94%
3 Years:20.42%
Last Year:22.72%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
18 18 18 36 18 18 19 19 19
Reserves 493 377 383 443 438 440 738 774 854
Borrowings 445 397 422 494 398 365 221 376 348
1,361 1,311 1,355 1,395 1,341 1,725 1,696 2,093 2,155
Total Liabilities 2,317 2,103 2,178 2,350 2,194 2,548 2,675 3,261 3,376
194 207 227 255 257 259 356 392 400
CWIP 25 32 8 15 22 16 34 25 41
Investments 27 28 27 33 36 242 11 13 15
2,071 1,837 1,915 2,046 1,879 2,030 2,274 2,831 2,920
Total Assets 2,317 2,103 2,178 2,350 2,194 2,548 2,675 3,261 3,376

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-113 244 26 67 215 257 159 19 263
-127 -51 -20 11 -49 -48 69 -88 -70
268 -192 -44 -26 -190 -195 -203 51 -181
Net Cash Flow 27 1 -37 52 -24 13 25 -18 13

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % -4% 11% 14% 15% 22% 22% 20% 25%
Debtor Days 100 92 93 96 82 76 78 75 78
Inventory Turnover 5.97 6.11 6.02 6.74 7.50 7.76 5.75 5.55