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BLUESTARCO Consensus Forecast

No. of reports in last year
5
No. of analysts
3
Average Consensus Forecast
781
Consensus Potential
-8.80%

BLUESTARCO Price Target Potential

BrokerageTargetPotential
Nirmal Bang8501.09%
Dolat Capital730-15.17%
Kotak Securities790-6.42%

BLUESTARCO Targets in FrontPage Forums

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100% Bullish
0% Bearish
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BLUESTARCO Ratings

Long term BLUESTARCO rating by FrontPage users
5/5 (4 Ratings)

5 BLUESTARCO share price target reports by brokerages below. See what is analyst's view on BLUESTARCO share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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BLUESTARCO Share Price Target

BLUESTARCO Share Price Target - Broker Reports - 2021

10-May-21
Price @ Call: 833.35
Target: 850
ACCUMULATE
23-Mar-21
Price @ Call: 898.5
Target: 730
REDUCE
1-Feb-21
Price @ Call: 762.68
Target: 790
ADD
31-Jan-21
Price @ Call: 728.81
Target: 875
BUY

BLUESTARCO Share Price Target - Broker Reports - 2020

29-Oct-20
Price @ Call: 626.71
Target: 660
ACCUMULATE
19-May-20
Price @ Call: 466.48
Target: 545
BUY
While revenue/earnings over the medium term will be affected by the COVID-19 crisis, the AC industry’s long term growth prospects will support valuation for Blue Star. We retain Buy rating on BLSTR with a SOTP-based target price of Rs545. On FY22E earnings, we assign a P/E of 38x to Unitary Products (Rs472) segment and 15x (Rs73) to the Project business.
... Read more
14-May-20
Price @ Call: 470.45
Target: 545
BUY
Blue Star (BLSTR) reported consolidated revenue of Rs12.9bn, down 19% YoY and 10%/15% below our/consensus estimates, due to significant impact on company’s billing and order fulfillment in the wake of COVID-19 crisis. Unitary Products segment’s revenue fell 15% YoY to Rs5.9bn due to lower off-take in March (a key month in peak summer season sales of ACs). EMPS segment’s revenue declined 22% YoY to Rs6.6bn, owing to lower billing amid the COVID-19 outbreak. Unitary Products EBIT margin fell 310bps YoY to 7.3% due to lower sales in March and higher advertising and sales promotion. EMPS’ EBIT margin fell 380bps YoY to only 0.5% due to lower billing and Rs150mn provisions for doubtful receivables (230bps impact). Consolidated EBITDA margin fell by 400bps YoY to 2.9%, below our/consensus estimates of 6.3%/6.2%. Tax expenses were higher at Rs40mn (32% tax rate in 4QFY20 versus 0.8% YoY) due to tax write back and MAT credit in the base quarter of 4QFY19. Consequently, PAT fell 89% YoY to Rs89mn, much below our/consensus estimates of Rs525mn/Rs497mn. The financial impact on FY21E is likely to be significant as summer season sales are largely lost while execution in EMPS business will also be challenging as only 10% of the project sites are operational currently. We revise our estimates based on the impact of COVID-19 crisis. We retain Buy rating on BLSTR with a SOTP-based target price of Rs545. On FY22E earnings, we assign a P/E of 38x to Unitary Products segment and 15x to the Project business.
... Read more
14-May-20
Price @ Call: 470.45
Target: 456
REDUCE
In terms of forward PE, the stock is trading at 46x and 29x FY21E and FY22E standalone earnings. In view of the sharp downward revision in earnings in FY21E/FY22E, our revised target price (based on 28x FY22E) stands Rs 456 (Rs 854 earlier). In view of downside to our target price, we maintain “Reduce”. The room AC industry will have a washout fiscal in FY21E as sales in the seasonally strongest quarter of Q1FY21 has been impaired by lockdown conditions across the country. Even if lockdown is lifted, footfall in malls will be lower than earlier and risk of further lockdown remains if Covid-19 spread spirals out of control. Hence, we remain cautious and maintain “Reduce” rating. In addition to this, premium valuations remains a hindrance in giving favourable rating.
... Read more
31-Jan-20
Price @ Call: 830.64
Target: 970
BUY
Blue Star (BLSTR) reported consolidated revenue of Rs12.4bn for 3QFY20, up 13% YoY, broadly in-line with our/consensus estimates. Unitary Products segment’s revenue grew by 7% YoY to Rs4.2bn in a non-seasonal quarter for ACs (ACs up 10% YoY and commercial refrigeration products up 7% YoY). EMPS segment’s revenue grew by 16% YoY to Rs7.6bn led by healthy execution. Order book grew by 23% YoY to Rs28.1bn. Unitary Products’ EBIT margin fell 60bps YoY to 1.8% due to high advertisement spends. EMPS segment’s EBIT margin rose 50bps YoY to 5.1% owing to execution of better margin projects and cost control initiatives. Consolidated EBITDA margin rose by 70bps YoY to 4.6%, but below our/consensus estimates of 5.4%/5.1%. BLSTR is yet to shift to new tax regime as it has pending MAT credit worth Rs700mn. Tax expenses were higher at Rs120mn (37.8% tax rate versus 7% YoY) due to reversal of deferred tax asset worth Rs67mn created in FY19 towards Blue Star Engineering and Electronics. Consequently, PAT was lower at Rs196mn, below our/consensus estimate of Rs333mn/Rs327mn. We have marginally tweaked our estimates and retained Buy rating on BLSTR with a SOTP-based unchanged target price of Rs970. On September 2021E earnings, we assign a P/E of 35x to Unitary Products segment and 15x to the Project business.
... Read more
3-Feb-20
Price @ Call: 834.85
Target: 922
BUY
With expected normal onset of summer providing good demand for cooling products and the government announced infra spend of Rs105tn in next 5 years augers well for the company to get orders with improvement in margins. Based on these factors, we estimate a CAGR earnings growth of 21% over FY19-22E and maintain our BUY with a target price of Rs 922 (P/E 24x FY22E)
... Read more

BLUESTARCO Share Price Target - Broker Reports - 2019

15-Nov-19
Price @ Call: 809.3
Target: 970
BUY
Blue Star (BLSTR) reported consolidated revenue of Rs12.5bn for 2QFY20, up 21% YoY, above our/consensus estimate of Rs11bn each. Unitary Products segment’s revenue grew by 10% YoY to Rs3.8bn in a non-seasonal quarter, while demand was driven by Tier 3/4/5 towns. EMPS segment’s revenue grew by 24% YoY to Rs7.8bn on execution of a healthy order book. Order book grew by 32% YoY and 3% QoQ to Rs29.4bn as on 1HFY20. Unitary Products’ EBIT margin grew by 80bps YoY to 3.2%, while EMPS segment’s margin fell 140bps YoY at 5.7%, on a high base, but up 30bps QoQ. Consolidated EBITDA margin rose by 30bps YoY to 5.9%, exactly in- line with our/consensus estimate. The company has not shifted to the lower tax regime as it is yet to avail Rs670mn worth of MAT credit. Lower interest costs and higher other income aided bottomline, with the PAT growing by 94% YoY to Rs379mn, above our/consensus estimates of Rs301mn/Rs320mn. We have marginally tweaked our estimates and retained Buy rating on BLSTR with a SOTP-based target price of Rs970 (Rs965 earlier). On September 2021E earnings, we assign a P/E of 35x to Unitary Product segment and 15x to the project business.
... Read more
15-Nov-19
Price @ Call: 809.3
Target: 980
BUY
We estimate Blue Star to report top-line CAGR of ~13% to`6,651cr over FY2019-21E on the back of healthy demand growth in Air Conditioning and Unitary Products division. On the bottom-line front, we estimate ~20% CAGR to`269cr owing to improvement in volumes and better operating margins. We maintain our Buy recommendation on Blue Star with a Target Price of Rs980.
... Read more
15-Nov-19
Price @ Call: 809.3
Target: 941
BUY
Looking ahead, we expect BLSTR’s revenue and earnings to clock 12% and 21% CAGR, respectively through FY19-21E. At CMP, the stock trades at 34.2x FY20E and 28.4x of FY21E earnings. We are positive on BLSTR on the back of improving margin profile, healthy balance sheet, improving return ratios and improving market share. We maintain our BUY recommendation on the stock with a revised Target Price of Rs941, valuing it at 33x of FY21 earnings.
... Read more
19-Aug-19
Price @ Call: 698.05
Target: 833
BUY
We continue to maintain our estimates and expect a CAGR earning growth of 20% over FY19-21E on the back improvement in sales of cooling products and realignment of order execution by the company in the EMPS segment enabled by better working capital management. We are positive on the back of improving margin profile, return ratios and increasing market share. We maintain our BUY with a target price of Rs 833(P/E 25x FY21E)
... Read more
17-Aug-19
Price @ Call: 708.94
Target: 747
BUY
In terms of valuation, the stock is trading at 34.4x and 25.9x FY20E and FY21E earnings. In view of the earnings revision in FY21E, our price target stands revised to Rs 747 (Rs 713 earlier). In view of positive outlook on Room ACbusiness but offset by premium valuations, we recommend “ADD” as upside ismodest.
... Read more
4-Jul-19
Price @ Call: 764.4
Target: 899
BUY
The company has good distribution outreach both domestic and international, favourable market position and product-mix (both in UCP and EMPS), good return ratios, consistent strong cash flows and a sustainable leverage position enabling to provide good RoE and EPS growth prospects over the long run. Hence, we initiate coverage with a BUY rating and a target price of `899 (P/E 27x FY21E)
... Read more
3-May-19
Price @ Call: 696.33
Target: 829
BUY
Looking ahead, we expect BLSTR’s revenue and earnings to clock 13% and 14% CAGR, respectively through FY19-21E. At CMP, the stock trades at 32.3x FY20E and 27.5x of FY21E earnings. We are positive on BLSTR on the back of improving margins, healthy balance sheet, low debt, improving return ratios and improving market share. We maintain our BUY recommendation on the stock with an upwardly revised Target Price of Rs829 (from Rs806 earlier), valuing the stock at 33x FY21 earnings.
... Read more
6-May-19
Price @ Call: 697
Target: 867
BUY
We forecast Blue Star to report top-line CAGR of ~13% to `6,680cr over FY2019-21E on the back of healthy demand growth in Air Conditioning and Unitary Products division. On the bottom-line front, we estimate ~14% CAGR to Rs 246cr owing to improvement in volumes and better operating margins. We maintain our Buy recommendation on Blue Star with a Target Price of Rs 867.
... Read more
9-Apr-19
Price @ Call: 689.96
Target: 700
HOLD
2-Apr-19
Price @ Call: 707.69
Target: 815
BUY
We expect BLSTR to post 14% net revenue CAGR over FY18- FY21E. Along with operating leverage benefit (with rising scale), in-house manufacturing of room ACs, turnaround in water purifier business and improving revenue mix of EMPS segment (higher share of product and service business) will lead to improvement in the margin profile. We expect EBITDA margin to improve 190bps over FY18-FY21E, leading to a 30% adjusted earnings CAGR over FY18-FY21E. Over the next five years, BLSTR’s management has ambitious plan of growing revenues by 20% CAGR and profitability by 25% CAGR. We initiate coverage on BLSTR with a Buy rating and a target price of Rs815 based on SOTP method.
... Read more
14-Feb-19
Price @ Call: 588.78
Target: 867
BUY
We forecast Blue Star to report top-line CAGR of ~12% to Rs 5,871cr over FY2018-20E on the back of healthy demand growth in Air Conditioning and Unitary Products division. On the bottom-line front, we estimate ~17% CAGR to Rs 198cr owing to improvement in volumes and better operating margins. We maintain our Buy recommendation on Blue Star with a Target Price of Rs 867.
... Read more
8-Feb-19
Price @ Call: 590
Target: 806
BUY
7-Feb-19
Price @ Call: 584.25
Target: 620
NEUTRAL
7-Feb-19
Price @ Call: 584.25
Target: 620
ADD

BLUESTARCO Share Price Target - Broker Reports - 2018

1-Nov-18
Price @ Call: 574
Target: 655
BUY
10-Aug-18
Price @ Call: 703
Target: 743
ACCUMULATE
18-Jul-18
Price @ Call: 659.05
Target: 701
ACCUMULATE
1-Jun-18
Price @ Call: 702.95
Target: 790
NEUTRAL
16-May-18
Price @ Call: 755.9
Target: 860
NEUTRAL
6-Apr-18
Price @ Call: 796.78
Target: 867
BUY
7-Feb-18
Price @ Call: 738.45
Target: 780
NEUTRAL

BLUESTARCO Share Price Target - Broker Reports - 2017

9-Oct-17
Price @ Call: 798.2
Target: 850
BUY
12-May-17
Price @ Call: 676
Target: 750
ACCUMULATE
14-Jun-17
Price @ Call: 646
Target: 684
ACCUMULATE
12-May-17
Price @ Call: 665
Target: 763
ACCUMULATE

BLUESTARCO Share Price Target - Broker Reports - 2016

15-Nov-16
Price @ Call: 465
Target: 580
BUY
8-Jun-16
Price @ Call: 433.82
Target: 495
BUY
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  • BLUESTARCO Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3863.25
    Upside Target 2853.65
    Upside Target 1847.2
    Pivot837.6
    Downside Target 1831.15
    Downside Target 2821.55
    Downside Target 3815.1
  • BLUESTARCO Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3903.63
    Upside Target 2886.82
    Upside Target 1868.73
    Pivot851.92
    Downside Target 1833.83
    Downside Target 2817.02
    Downside Target 3798.93
  • BLUESTARCO Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3894.37
    Upside Target 2872.68
    Upside Target 1844.37
    Pivot822.68
    Downside Target 1794.37
    Downside Target 2772.68
    Downside Target 3744.37
  • BLUESTARCO Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3853.65
    Upside Target 2847.52
    Upside Target 1843.73
    Pivot837.6
    Downside Target 1831.47
    Downside Target 2827.68
    Downside Target 3821.55
  • BLUESTARCO Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3886.82
    Upside Target 2873.48
    Upside Target 1865.25
    Pivot851.92
    Downside Target 1838.58
    Downside Target 2830.35
    Downside Target 3817.02
  • BLUESTARCO Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3872.68
    Upside Target 2853.58
    Upside Target 1841.78
    Pivot822.68
    Downside Target 1803.58
    Downside Target 2791.78
    Downside Target 3772.68
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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