This small-cap air conditioner manufacturing company aims to double its exports within 3 years

This small-cap air conditioner manufacturing company aims to double its exports within 3 years

by 5paisa Research Team Last Updated: May 15, 2023 - 02:22 pm 154 Views

Shares of this company are trading in the green after the company’s management made this announcement 

In order to increase its global presence, Blue Star plans to double its exports within three years. The company wants to increase its exports within the next three years, which are currently worth about Rs 800 crore. 

The company that specializes in commercial refrigeration and air conditioning has been producing a wide variety of chillers to cool buildings like office buildings, IT parks, hospitals, airports, hotels, and shopping centres. The company recently presented a wide variety of air conditioners for the summer, including a flagship luxury line and a best-in-class cheap range. In contrast to the over 8 lakh units sold last year, the company hopes to sell one million (10 lakh) units this year. 

Share Price Movement of Blue Star Ltd 

The scrip opened today at Rs 1,410.05 and touched a high and low of Rs 1,426 and Rs 1,408.45, respectively. Its 52-week high stood at Rs 1,550, whereas its 52-week low was Rs 860. The current market cap of the company is Rs 13,686.20 crore. Promoters hold 38.79%, whereas the Institutional and non-institutional holdings are 35.58% and 25.65%, respectively. 

Company profile 

Blue Star is India's leading air conditioning and commercial refrigeration company. The company has enormous showrooms for refrigeration systems, chillers, cold rooms, packaged air conditioners, and room air conditioners. The ability to give an end-to-end solution to its customers is made possible by Blue Star's integrated business model, which combines its roles as a manufacturer, contractor, and after-sales service provider. This model has proven to be a key differentiator in the industry. In fact, Blue Star products are deployed in every third commercial building in India. A significant number of corporate, commercial, and residential customers have their cooling needs met by the company. 

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