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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Blue Star Limited offers a wide range of room air conditioning and commercial refrigeration & air conditioning products, as well as a comprehensive range of air purifiers, air coolers, storage water coolers, water purifiers, cold chain equipment and specialty products. It…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, slow-growing business, reasonably priced.
Blue Star is scored on the general / industrial framework. It keeps a slim 4.2% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.29×) — worth a closer look. Free cash flow is worth about -0.7% of its market value.
Over the last 3 years revenue compounded at 16%/yr and profit at 10%/yr. Book value itself has compounded 37%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 15.4%. In the latest quarter profit fell 55% versus the prior quarter.
At 58× earnings, the stock sits at the 32nd percentile of its own 3.5-year range — the middle of where it has historically traded. Today's price already implies ~24%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 60.66 | 167.93 | better |
| P/B | 9 | 4.79 | worse |
| EV/EBITDA | 32.75 | 22.17 | worse |
| ROE | 15.38 | 6.71 | better |
| ROCE | 17.99 | — | — |
| ROA | 5.94 | — | — |
| Quick Ratio | 0.87 | 0.75 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| LG Electronics India | 61.3 | 14.6 | 22.0% |
| Dixon Techno | 41.6 | 18.5 | 30.8% |
| Havells India | 44.2 | 7.6 | 17.9% |
Revenue has grown every year across all 4 financial years shown. 16% CAGR over 3 years — steady double-digit compounder. Growth is decelerating — latest year grew slower than the year before.
Profit is on a 2-year growth streak. Revenue is outpacing profit (16% vs 10%) — costs are rising faster than the top line.
Operating margins have been stable around 6% — no major structural shift.
ROE at 15% — a respectable return on shareholder capital. High ROE despite single-digit margins — an asset-turn play with high capital velocity. Capital efficiency declining — ROE down 15pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (10% vs 7%) — share dilution is eroding per-share value. 7% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 0.3× PAT — reported profit isn't translating into cash, raising earnings quality questions. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 17% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (41% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 40% above earlier ones.
Profit fell 55% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.5y median.
Promoters at 36.5% — dispersed ownership; institutional flows drive the stock. FIIs trimmed 3.3pp — foreign money is rotating out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.