Expect 25% sales growth in summer months: Blue Star

With inventory levels well under control at around 45 days, the company is looking to increase its market share to 10 percent.

Making most of the summer season, B Thiagarajan, Executive Director & President- AC&R Products Business, Blue Star , believes the company will be able to maintain 9 percent operating margins in the cooling division.

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With inventory levels well under control at around 45 days, the company is looking to increase its market share to 10 percent.

Blue Star expects primary sales to rise 10 percent in March and 15 percent in April on a year-on-year basis. It sees the secondary sales for Jan-Mar period to rise 10 percent Y-o-Y.

The company expects a 25 percent growth in the summer months, while the average all India volume offtake for ACs is seen at around 25 percent.

The prices have remained stable and Thiagarajan sees no reason to hike them.

Transcript to follow

Blue Star stock price

On May 09, 2014, at 14:14 hrs Blue Star was quoting at Rs 212.25, down Rs 0.3, or 0.14 percent. The 52-week high of the share was Rs 223.60 and the 52-week low was Rs 130.15.

The company's trailing 12-month (TTM) EPS was at Rs 5.74 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 36.98. The latest book value of the company is Rs 54.97 per share. At current value, the price-to-book value of the company is 3.86.

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