Buy Blue Star; target of Rs 626: Anand Rathi
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, 2020.19-05-2020
19-05-2020
BLUE STAR LTD. - 500067 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
With reference to our letter dated May 6, 2020, and pursuant to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Earnings Call Transcript pertaining to Q4FY20 and FY20 Financial Results of the Company. The aforesaid information is also being made available on the website of the Company www.bluestarindia.com17-05-2020
BLUE STAR LTD. - 500067 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 (6) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations") read with Part A of Schedule III of the Listing Regulations, we hereby inform you that the following meeting is scheduled with the Analyst/Institutional Investor: Date Meeting Type of Interaction Venue 18/05/2020 Investor Community Virtual Investor Conference (Webinar) Mumbai Kindly note that the above is subject to changes, if any. Kindly also note that the Presentation submitted vide our letter dated May 14, 2020 and uploaded on our website, might be made during the aforesaid meeting. Pursuant to Regulation 46(2)(o) of the Listing Regulations, the aforesaid information is also being placed at the website of the Company, i.e. www.bluestarindia.com17-05-2020
BLUE STAR LTD. - 500067 - Announcement under Regulation 30 (LODR)-Investor Presentation
Pursuant to Regulation 30 (6) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations') read with Part A of Schedule III of the Listing Regulations,we are enclosing herewith the Investors' Presentation for Q4FY20 & FY20. Pursuant to Regulation 46 (2) (o) of the Listing Regulations, the aforesaid information is also being made available on the website of the Company i.e. www.bluestarindia.com14-05-2020
BLUE STAR LTD. - 500067 - Announcement under Regulation 30 (LODR)-Newspaper Publication
In continuation to our letter dated Tuesday, May 12, 2020 with regards to Audited Financial Results (standalone and consolidated) for the fourth quarter and financial year ended March 31, 2020, please find enclosed herewith copies of the advertisements published as follows: a) Economic Times (English and Gujarati - Mumbai Edition) issue dated May 13,2020 b) Financial Express (English - All India Edition) issue dated May 13, 2020 c) Mumbai Lakshadeep (Marathi - Mumbai Edition) issue dated May 13, 2020 The advertisement copies are also being made available on the Company's website i.e. www.bluestarindia.com This is for your information and records.13-05-2020
BLUE STAR LTD. - 500067 - Investor Update - Q4FY20 & FY20
We are enclosing herewith the Investor Update for Q4FY20 & FY20. The aforesaid information is being made available on the Company's website at www.bluestarindia.com Kindly take the same on your records.13-05-2020
Earnings Call Transcript - Q4FY20 for Blue Star
Conference Call with Blue Star Management and Analysts on Q4FY20 and Full Year Earnings Performance and Outlook. Listen in to the full earnings transcript. Key Highlights The spread of COVID19 in China in January had seen supply disruptions. Consequently all manufacturers including Blue Star accelerated the supply of raw materials and components in February. However execution of orders and revenue generation came to a halt in the second fortnight of March. This compounded the magnitude of the COVID19 problem: Materials ordered began to arrive in the Indian ports, while demand fell considerably. Resulting stress on cash flow was profound, driving us to quickly build up balances in the balance sheet. Most back end processes have functioned significantly with employees working from home. Our digital focus has allowed processes in the company to function as seamlessly as possible. We have focused on safe resumption of factories and offices when it is safe to open. Some offices in Kolkata, Bangalore and Delhi are operational. Due to significant disruptions in supply and demand in February and March, revenues fell below expectations. Financials can be seen here. Tight management and receivables resulted in reduction of capital employed. Disruptions in operating cash flow and external obligations in March 2020 necessitated additional borrowing for the company. However with tight working capital management throughout the year, borrowing actually reduced for the year to Rs. 155 crore leaving us a debt equity ratio of 0.21 (compared to Rs. 243 crore and D/E ratio of 0.28 the previous FY).13-05-2020
BLUE STAR LTD. - 500067 - Compliance Certificate - Regulation 7 (3) Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 (''Listing Regulations'')
Pursuant to Regulation 7 (3) of the Listing Regulations, we hereby confirm that the activities in relation to share transfer facility are maintained during the period October 1, 2019 to March 31 , 2020 (both days inclusive) by the Company''s Registrar and Share Transfer Agent (''RTA''), viz., Link Intime India Private Limited, a SEBI registered Category- I RTA bearing Registration Number INR000004058.12-05-2020
BLUE STAR LTD. - 500067 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
With reference to our letter dated May 6, 2020 and in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations'), we wish to inform you that the Directors at their Board Meeting held today, i.e. Tuesday, May 12, 2020, has inter alia approved the audited financial results (standalone and consolidated) for the fourth quarter and financial year ended March 31, 2020, and the audited financial statements (standalone and consolidated) as at March 31, 2020, as recommended by the Audit Committee. Pursuant to Regulation 33 of the Listing Regulations, please find enclosed herewith the audited financial results (standalone and consolidated) for the fourth quarter and financial year ended March 31, 2020, along with the Auditors'' report(s) thereon. A copy of the Press Release issued by the Company in this regard is enclosed herewith.12-05-2020