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Blue Star Ltd — Call Transcript 2021
May 7, 2021
61425_rns_2021-05-07_e23eaef5-f667-467a-afdf-07a43c12e6ba.pdf
Call Transcript
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May 7, 2021
BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 BSE Scrip Code: 500067 NSE Symbol: BLUESTARCO
Dear Sir/Madam,
Sub: Investor Update – Q4FY21 & FY21
We are enclosing herewith the Investor Update for Q4FY21 & FY21.
The aforesaid information are also being made available on the Company's website i.e. www.bluestarindia.com
Kindly take the same on record.
Thanking you, Yours faithfully, For Blue Star Limited
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Vijay Devadiga Company Secretary
Encl:a/a
Z:(01) Blue Star Limited\2020-21\Stock Exchange Compliances\Regulation 30 - Information and Updates\Investor Update\Q4FY21 and FY21 - Investor Update
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Blue Star Limited Investor Update (With Opening Remarks) Q4FY21 & FY21
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Good morning ladies and gentlemen, this is Neeraj Basur. I will be providing you an overview of the results for Blue Star Limited for the quarter and year ended March 2021.
I. FINANCIAL HIGHLIGHTS
With an improvement in the general business sentiments and the early onset of summer in some parts of the country, all business segments witnessed growth as compared to Q4 levels last year. The overall business recovery for the year was satisfactory and better than expectations at the year beginning. Several cost rationalization and capital preservation measures coupled with prudent working capital management resulted in healthy generation of cash from operations. These measures enabled the Company to close FY21 with a strong Balance Sheet and a healthy liquidity position.
Financial highlights for the quarter ended March 31, 2021 on a consolidated basis, are summarized below:
-
Revenue from operations for Q4FY21 recovered 124.0% to Rs 1611.56 cr as compared to Rs 1299.36 cr in Q4FY20.
-
EBIDTA (excluding other income and finance income) for Q4FY21 was Rs 101.81 cr (EBITDA margin 6.3% of revenue) as compared to Rs 37.33 cr (EBITDA margin 2.9% of revenue) in Q4FY20.
-
Other income in Q4FY21 includes a profit of Rs 32 cr from the sale of an office property in Mumbai
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PBT before exceptional items was Rs 103.34 cr in Q4FY21 as compared to Rs 13.08 cr in Q4FY20.
-
Healthy cash from operations and improvement in working capital efficiencies enabled a reduction of Rs 282.46 cr in net borrowings in Q4FY21
Financial highlights for the year ended March 31, 2021 on a consolidated basis, are summarized below:
-
Revenue from operations for FY21 recovered 79.5% to Rs 4263.59 cr as compared to Rs 5360.19 cr in FY20.
-
EBIDTA (excluding other income and finance income) for FY21 was Rs 239.81 cr (EBITDA margin 5.6% of revenue) as compared to Rs 282.78 cr (EBITDA margin 5.3% of revenue) in FY20. Improvement in EBITDA margins was driven by improved profitability across businesses coupled with cost rationalization measures.
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PBT before exceptional items recovered 69.1% to Rs 145.15 cr in FY21 as compared to Rs 210.02 cr in FY20.
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Tax expense for FY21 was Rs 47.09 cr as compared to Rs 65.32 cr in FY20.
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Net profit for FY21 recovered 70.1% to Rs 100.35 cr as compared to Rs 143.25 cr in FY20.
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Carried-forward order book as of March 31, 2021 remained almost flat at Rs 2952.42 cr as compared to Rs 2946.59 cr as on March 31, 2020.
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Capital Employed reduced to Rs 736.41 cr as on March 31, 2021 as compared to Rs 948.62 cr as on December 31, 2020 and Rs 951.13 cr as on March 31, 2020, because of our continued focus on working capital efficiencies.
-
We ended the year with a net positive cash balance of Rs 151.45 cr as of March 21 as compared to a net borrowing of Rs 131.01 cr as of December 20. Net borrowing was Rs 155.00 cr as on March 31, 2020 (debt equity ratio of 0.21).
II. BUSINESS HIGHLIGHTS FOR FY21
- Segment I: Electro Mechanical Projects & Commercial Air Conditioning Systems
Segment I revenue grew 18.1% to Rs 779.96 cr in Q4FY21 as compared to Rs 660.39 cr in Q4FY20. Segment result was Rs 48.50 cr (6.2% of revenue) in Q4FY21 as against Rs 3.17 cr (0.5% of revenue) in Q4FY20.
Segment revenue for the year recovered 78.5% to Rs 2218.72 cr as against Rs 2826.67 cr in FY20. Segment result was Rs 106.49 cr (4.8% of revenue) in FY21 compared to Rs 120.26 cr (4.3% of revenue) in FY20. Order inflow during the year was Rs 2244.84 cr as compared to Rs 3104.67 cr in FY20.
1. Electro-Mechanical Projects business
As expected, order inflows continued to be slow from the commercial buildings sector which is yet to recover. Muted government expenditure also impacted order inflows in the infrastructure sector. Order inflows from the factories and light industrial sector improved as compared to last year, driven by the Make in India initiatives of the government.
We continued to moderate the pace of our execution, basis assessment of customer credit profile and operating cash flow visibility for the ongoing jobs which enabled an improvement in margins for the business.
We will continue to focus on the Infrastructure sector such as metro railways, electrical substations and water distribution, which are expected to offer immediate growth opportunities. Factories, data centers and warehousing sectors are also expected to throw up good opportunities in the upcoming quarters.
Carried-forward order book of the Electro-Mechanical Projects business was Rs 2149 cr as on March 31, 2021 as compared to Rs 2039 cr as on March 31, 2020, a growth of 5.4%.
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Segment-wise break-up of the carry forward order book of the Electro-Mechanical Projects business is as follows:
| egment-wise break-up of the carry forward order book of s as follows: |
the Elec |
|---|---|
| Application Segment | Share |
| Office(IT/Non-IT) | 29% |
| Metro Rail | 22% |
| Hospitals | 9% |
| Industrial | 9% |
| Power Generation & Distribution | 6% |
| Malls | 4% |
| Others(airports,hotels,educational institutions etc.) | 21% |
2. Commercial Air Conditioning Systems
Our Commercial Air Conditioning business registered a growth of 19% during the quarter. While order inflows from key sectors such as IT, Offices, Marriage Halls and Auditoriums continued to be dormant, we channelized our focus on the emerging sectors such as healthcare, pharma and light industrial.
We continue to maintain our number 1 position in Ducted Air Conditioning, number 2 in VRF and number 3 in Chiller product categories.
We added new large capacity models and side-discharge system for residential use to our VRF product range and have now completely indigenized this product category.
Major orders bagged in Q4FY21 were from Birla Cement (Nagpur), Avenue Supermart (Vijaywada/Surat), ISRO (Bangalore), Flextronics (Chennai), Gujarat Biotechnology (Ahmedabad) and West Coast Pharmaceuticals (Ahmedabad).
3. International Business
Normalization of business activities enabled a growth in revenue during the quarter. We witnessed improved demand for both air conditioning and refrigeration products across SAARC and ASEAN markets with channels stocking up for the upcoming summer sales.
The upcoming EXPO 2020 at Dubai and the FIFA tournament at Qatar are expected to offer growth opportunities. The macro-economic environment in the region is expected to improve driven by the establishment of trade relations between Israel and UAE and the thawing of ties between Qatar and the GCC countries.
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The projects businesses at Qatar and Malaysia continued to be impacted owing to Covid. While the subsidiary at Qatar received some notable orders towards the end of the year that will get billed during FY22, order inflow and the pace of execution in the joint venture at Malaysia continues to be slow due to macro-economic instability.
We continue to focus on the expansion of the Blue Star product range and building brand awareness and brand visibility in different markets that we are present in.
Segment II: Unitary Products
Segment II revenue which recovered 84.5% in Q2FY21 and 117.3% in Q3FY21 continued to improve its recovery trajectory and grew 31.1% to Rs 781.81 cr in Q4FY21 as compared to Rs 596.28 cr in Q4FY20. Segment result was Rs 62.06 cr (7.9% of revenue) in Q4FY21 as compared to Rs 43.75 cr (7.3% of revenue) in Q4FY20.
Revenue for the year recovered 81.2% to Rs 1868.28 cr in FY21 as against Rs 2300.61 cr in FY20. Segment result was Rs 108.82 cr (5.8% of revenue) in FY21 as compared with Rs 162.27 cr (7.1% of revenue) in FY20.
Due to unprecedented increase in the raw material costs including steel, copper and ABS plastics as well as ocean freight, the prices were increased between 5% and 8% for various SKUs with effect from January 1, 2021.
1. Cooling and Purification Products business
Stocking of inventory by channels ahead of the peak selling season, improved share of billing from the e-commerce channels and a general business sentiment improvement enabled a growth in revenue for the room air conditioner business in Q4FY21 as compared to Q4FY20. The Room Air Conditioner market grew by 27%. We grew by 33% and expect to have improved our market share to 13.25% in Q4FY21.
Other products such as Water Purifiers, Air Purifiers and Air Coolers are performing well in line with the plans and we continue to gain market share. We achieved a market share of 3% in water purifiers with a major share of billing to e-commerce players. Having reached a break-even level, Water Purifiers will be an e-commerce centric product portfolio going forward.
2. Commercial Refrigeration business
Our Commercial Refrigeration business witnessed good traction across all product categories during the quarter. Improvement in demand across all customer segments coupled with aggressive stocking by the channel enabled a growth in revenue during Q4FY21 as compared to Q4FY20. In addition to continued demand from the healthcare, pharma and food processing and food delivery segments, order inflows also improved from restaurants and the government sector.
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With the launch of a new range of pharma cold rooms, medical freezers, ice lined refrigerators and vaccine transporters, we offer end to end solution for vaccine distribution. Our products have been well accepted by the government, vaccine manufacturers and private distributors. We continue to be the market leader in the healthcare and pharmaceutical sector.
We continue to witness healthy growth for our supermarket refrigeration equipment driven by the growth in the retail sector.
With the launch of our super coolers, we now also have a complete range of Visi Coolers, enabling us to gain momentum in this segment as well.
Major orders were bagged in Q4FY21 from Dr Reddy’s Labs, Apollo, Aurobindo Pharma, Zydus Cadilla, Rebel Foods, Swiggy, Reliance Retail etc., to name a few.
Segment III: Professional Electronics and Industrial Systems
Segment III revenue grew by 16.6% to Rs 49.79 cr in Q4FY21 as compared to Rs 42.69 cr in Q4FY20. Segment result was Rs 7.22 cr (14.5% of revenue) in Q4FY21 as compared to Rs 7.50 cr (17.6% of revenue) in Q4FY20.
Segment revenue for the year recovered by 75.8% to Rs 176.59 cr as against Rs 232.91 cr in FY20. Segment result was Rs 33.81 cr (19.1% of revenue) in FY21 as compared to Rs 54.34 cr (23.3% of revenue) in FY20.
Revenue and profitability were higher in FY20 on account of few large value orders in the Data Security Solutions business.
Revenue of this segment continues to be driven by opportunities from the BFSI sector for the Data Security Solutions business, order inflows from the healthcare sector, and orders from the essential services of the government sector.
Major orders were bagged in Q4FY21 from FIS Payment Solutions and Services, Navodaya Education Trust, Jio Platforms Limited, IndusInd Bank Limited, ICICI Bank Limited, etc. to name a few.
With the wide portfolio of products and solutions forming part of our offerings, the prospects for this business segment are positive.
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III. BUSINESS OUTLOOK
Robust business recovery witnessed in the second half of the financial year enabled us to end the year with a strong quarter. In the Electro-Mechanical projects business, we continue to prioritize our project execution based on assessment of customer credit profile and operating cash flow visibility. The government’s focus on localization under the Atmanirbhar Bharat Program has brought in good opportunities for the company in the manufacturing sector.
We have strengthened our product portfolio under all categories in Room Air Conditioners and Commercial Refrigeration. Digitization and Healthcare initiatives continue to offer good prospects for the Professional Electronics and Industrial Systems segment.
However, the sustenance of this growth momentum has been challenged by the second wave of the pandemic. Restrictions similar to lockdowns of varying degrees in many parts of the country since the middle of April 2021 might impact the planned revenue growth for April and May. We are focused on maximizing the revenue in the markets which are open and at the same time moderating the inventory levels and operating costs. As on date, our factories at Himachal Pradesh, Dadra and Ahmedabad are operational and the Wada plant is operational for executing export orders and domestic pharma and healthcare contracts.
With the experience gained in the previous year, our focus continues to be on keeping our employees, dealers and business associates safe, fulfilling emergency needs of our customers, building resiliency and operating agility. As in the past, we are confident of sustaining this phase in a prudent and balanced manner and continue our growth and expansion trajectory.
With that ladies and gentlemen, I am done with the opening remarks. I would like to now pass it back to the moderator, who will open the floor to questions. I will try and answer as many questions as I can. To the extent I am unable to, we will get back to you via e-mail.
With that, we are open for questions.
Ending remarks : Thank you very much, Ladies and Gentlemen. With this, we conclude this quarter’s earning call. Do feel free to revert to us in case any of your questions were not fully answered and we will be happy to provide you additional details by email or in person.
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For more information contact
Neeraj Basur Sudhir Shetty Blue Star Limited Adfactors PR Pvt. Limited Tel: 022-6654 4000 Tel: 022-6754 4444 [email protected] [email protected]
SAFE HARBOUR
Certain statements in this release concerning our future growth prospects are forward-looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fiscal policy, competition, inflationary pressures and general economic conditions affecting our industry. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
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BLUE STAR LIMITED Registered Office : Kasturi Buildings, Mohan T. Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, CIN No.: L28920MH1949PLC006870, Telephone No +91 22 6665 4000, Fax No. +91 22 6665 4152 STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021
| STANDALONE FINANCIAL RESULTS FOR | STANDALONE FINANCIAL RESULTS FOR | THE QUARTER AND YEAR ENDED MARCH 31, 2021 | THE QUARTER AND YEAR ENDED MARCH 31, 2021 | THE QUARTER AND YEAR ENDED MARCH 31, 2021 | THE QUARTER AND YEAR ENDED MARCH 31, 2021 | THE QUARTER AND YEAR ENDED MARCH 31, 2021 |
|---|---|---|---|---|---|---|
| ₹ in Crores | ||||||
| STANDALONE | ||||||
| SR. NO |
PARTICULARS | QUARTER ENDED (Refer Note 1) |
QUARTER ENDED (UNAUDITED) |
QUARTER ENDED (Refer Note 1) |
YEAR ENDED (AUDITED) |
YEAR ENDED (AUDITED) |
| 31.3.21 | 31.12.20 | 31.3.20 | 31.3.21 | 31.3.20 | ||
| Revenue from operations | 1,491.55 | 1,020.71 | 1,196.83 | 3,842.23 | 4,786.49 | |
| Other Income | 39.74 | 7.08 | 34.64 | 62.17 | 73.43 | |
| 1 | Total Income | 1,531.29 | 1,027.79 | 1,231.47 | 3,904.40 | 4,859.92 |
| 2 | Expenses | |||||
| a) Cost of materials consumed (including direct project and service cost) |
926.50 | 662.40 | 806.72 | 2,216.38 | 2,866.96 | |
b) Purchase of Stock in trade |
286.55 | 269.51 | 287.69 | 733.18 | 738.98 | |
| c) Changes in Inventories of Finished Goods, Stock-in-Trade and work- in-progress |
(41.33) |
(148.89) | (195.69) | 25.49 | 0.53 | |
d) Employee Benefits Expense |
99.61 | 89.45 | 105.71 | 325.23 | 414.95 | |
| e) Depreciation and Amortisation Expense | 23.89 | 24.94 | 22.29 | 88.34 | 84.34 | |
| f) Finance Cost | 13.94 | 15.97 | 7.91 | 67.89 | 32.37 | |
| g) Other Expenses | 124.58 | 81.23 | 160.64 | 349.54 | 550.09 | |
| Total Expenses | 1,433.74 | 994.61 | 1,195.27 | 3,806.05 | 4,688.22 | |
| 3 | Profit from Operations before Exceptional Items and tax(1-2) | 97.55 | 33.18 | 36.20 | 98.35 | 171.70 |
| 4 | Exceptional Items (refer note 2) | - | - | (0.75) | - | (4.03) |
| 5 | Profit before Tax (3+4) | 97.55 | 33.18 | 35.45 | 98.35 | 167.67 |
| 6 | Tax Expense | |||||
| i) Current tax | 18.07 | 7.94 | 0.81 | 18.01 | 25.04 | |
| ii) Deferred tax | 14.22 | 1.66 | 1.38 | 14.41 | 21.76 | |
| Total Tax Expense | 32.29 | 9.60 | 2.19 | 32.42 | 46.80 | |
| 7 | Net Profit after Tax (5-6) | 65.26 | 23.58 | 33.26 | 65.93 | 120.87 |
| Other Comprehensive Income, net of tax | ||||||
| Items that will not be reclassified to profit or loss (net of tax) | 2.12 | 0.61 | (0.41) | 3.47 | (1.73) | |
| 8 | Other Comprehensive Income, net of tax | 2.12 | 0.61 | (0.41) | 3.47 | (1.73) |
| 9 | Total Comprehensive Income for the period (7+8) | 67.38 | 24.19 | 32.85 | 69.40 | 119.14 |
| 10 | Paid Up Equity Share Capital (Face Value of the share ₹2/- each) | 19.26 | 19.26 | 19.26 | 19.26 | 19.26 |
| 11 | Other Equity | 899.83 | 830.43 | |||
| 12 | Earnings Per Share (EPS) (in ₹) (not annualised) | |||||
| a) Basic | 6.78 | 2.45 | 3.45 | 6.85 | 12.55 | |
| b) Diluted | 6.78 | 2.45 | 3.45 | 6.85 | 12.55 | |
| 13 | Capital redemption reserve | 2.34 | 2.34 | |||
| 14 | Net worth | 918.49 | 849.09 | |||
| 15 | Debt service coverage ratio (DSCR) | 1.45 | 8.85 | |||
| 16 | Interest service coverage ratio (ISCR) | 2.69 | 8.85 | |||
| 17 | Debt equity ratio | 0.66 | 0.59 |
NOTES:
-
1 The Audit Committee has reviewed the above results and the Board of Directors has approved the above results at their respective meetings held on May 06, 2021. Figures for the quarter ended March 31, 2021 and March 31, 2020 are balancing figures between audited figures in respect of the full financial years and the unaudited figures upto the third quarter ended December 31, for respective years, which were subjected to limited review.
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2 Exceptional item in F.Y.-20 comprises one time costs of events and programmes held to mark momentous milestone of platinum jubilee year of the Company.
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3 The Company continues to monitor the economic effects of COVID-19, including recoverability of assets based on current indicators of future economic conditions, and has taken steps to improve operational and financial efficiencies. The ultimate impact of the pandemic may be different from that presently estimated and would be recognized in the financial statements, if and when material changes to economic conditions arise.
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4 The Code on Social Security, 2020 (‘the Code’) received presidential assent on September 28, 2020. However, the date on which the Code will come into effect has not yet been notified. The Company will record any related financial impact of the Code in the books of account, in the period(s) in which the Code becomes effective.
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5 Additional disclosure as per regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements), Regulation 2015.
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i The Company has alloted unsecured redeemable non-convertible debentures (NCDs) on June 1, 2020. Total Non-Convertible Debenture of the Company outstanding as on March 31, 2021 are Rs. 350 crore. The asset cover in respect of the non-convertible debenture of the Company as on March 31, 2021 exceeds hundred percent of the principal amount of the said listed unsecured Non-Convertible Debentures.
| ii | Details of Non-Convertible Debentures are as follows : | ₹ in Crores | ₹ in Crores | ₹ in Crores | ₹ in Crores |
|---|---|---|---|---|---|
| PARTICULARS | Previous Due Date | Next Due Date | |||
| Amount | Date | Amount | Date | ||
| 7.65% Non-Convertible Debenture (Series-I)-Principal | - | - | 175.00 | 01-Jun-23 |
|
| 7.65% Non-Convertible Debenture (Series-I)-Interest | - | - | 13.39 | 01-Jun-21 | |
| 7.65% Non-Convertible Debenture (Series-II)-Principal | - | - | 175.00 | 01-Jun-23 |
|
| 7.65% Non-Convertible Debenture (Series-II)-Interest | - | - | 13.39 | 01-Jun-21 |
iii The NCDs issued by the Company are rated by CARE AA+ (Outlook : Negative) iv Formula used for calculation of ratios :
Net worth as per section 2(57) of the Companies Act, 2013
DSCR = [Earnings before interest, Tax and Exceptional Items] / [Interest expenses + Principal repayments made during the period for long term loans] ISCR = [Earnings before Interest, Tax and Exceptional Items] / Interest expenses Debt / Equity Ratio = Total Debt / Equity
| 6 | Details of Commercial Papers are as follows : ₹ in Crores |
Details of Commercial Papers are as follows : ₹ in Crores |
Details of Commercial Papers are as follows : ₹ in Crores |
|---|---|---|---|
| Period | Amount Outstanding |
Rating | |
| March 31, 2021 | - | CARE A1+, CRISIL A1+ |
|
| March 31, 2020 | 50.00 | CARE A1+, CRISIL A1+ |
|
| Movement and repayment of Commercial Papers is given in "Annexure A". |
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7 The Company is in compliance with the requirements of SEBI circular dated November 26, 2018 applicable to Large Corporate Borrowers (Refer Note 5).
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8 The Directors have recommended a dividend of ₹ 4 per equity share of ₹ 2 each for FY20-21 (FY19-20, Interim and Final Dividend of ₹ 10 per equity share). 9 Previous period / year's figures have been regrouped / rearranged, wherever necessary.
Date : May 06, 2021 Place : Mumbai
For BLUE STAR LIMITED
www.bluestarindia.com
B Thiagarajan Managing Director (DIN : 01790498)
BLUE STAR LIMITED
STATEMENT OF ASSETS AND LIABILITIES AS ON MARCH 31, 2021
| ₹ in Crores | ₹ in Crores | ||
|---|---|---|---|
| SR. NO |
PARTICULARS | STANDALONE | |
| AS AT 31.3.21 |
AS AT 31.3.20 |
||
| (AUDITED) | (AUDITED) | ||
| A B |
ASSETS 1. Non-Current Assets (a) Property Plant & Equipment (b) Right-of-use assets (c) Capital Work in Progress (d) Investment Property (e) Intangible Assets (f) Intangible Assets under development (g) Financial Assets - Investments -Loans -Other Financial Assets (h) Income tax Asset (Net) (i) Deferred Tax Assets (Net) (j) Other Non Current Assets Total - Non Current Assets 2. Current Assets (a) Inventories (b) Financial Assets -Investments -Loans -Trade Receivables -Cash and Cash Equivalents -Other Bank Balances -Other Financial Assets (c) Other Current Assets (d) Asset held for sale Total Current Assets TOTAL - ASSETS |
248.95 43.78 54.31 - 52.13 3.42 220.82 23.79 6.01 85.32 44.07 55.90 |
250.65 54.52 56.75 49.81 51.13 11.01 220.88 21.13 4.58 93.44 58.48 60.56 |
| 838.50 | 932.94 | ||
| 867.69 279.05 18.60 712.19 296.19 4.22 0.38 445.13 17.70 |
849.65 - 13.87 745.83 218.18 7.79 2.30 543.11 0.08 |
||
| 2,641.15 | 2,380.81 | ||
| 3,479.65 | 3,313.75 | ||
| EQUITY AND LIABILITIES 1. Equity (a) Equity Share Capital (b) Other Equity Total Equity 2. Non-Current Liabilities (a) Financial Liabilities - Borrowings - Lease Liabilities (b) Provisions (c) Government Grants Total - Non-current liabilities 3. Current Liabilities (a) Financial Liabilities -Borrowings -Trade Payables a. Total outstanding dues of Micro Enterprises & Small Enterprises b. Total outstanding dues of creditors other than Micro Enterprises & Small Enterprises - Lease Liabilities -Other Financial Liabilities (b) Provisions (c) Government Grants (d) Other Current Liabilities Total - Current Liabilities TOTAL - EQUITY AND LIABILITIES |
19.26 899.83 |
19.26 830.43 |
|
| 919.09 | 849.69 | ||
| 346.86 29.36 10.81 8.83 |
41.88 37.72 13.13 9.38 |
||
| 395.86 | 102.11 | ||
| 231.93 66.89 1,388.96 22.86 33.72 37.66 2.33 380.35 |
449.04 44.08 1,394.49 21.42 30.18 53.19 3.52 366.03 |
||
| 2,164.70 | 2,361.95 | ||
| 3,479.65 | 3,313.75 | ||
| Date : May 06, 2021 Place : Mumbai |
For BLUE STAR LIMITED B Thiagarajan Managing Director (DIN : 01790498) |
||
BLUE STAR LIMITED Standalone Cash Flow Statement for year ended March 31, 2021
| ₹ in Crores | ₹ in Crores | |
|---|---|---|
| Pariculars | Year ended | |
| March 31, 2021 | March 31, 2020 | |
| AUDITED | AUDITED | |
| Amortisation of government grant Fair Value (Gain) / loss on financial instruments Loss on sale of property, plant & equipments Profit on sale of property, plant & equipments Liabilities written back Rental income Mutual fund income Dividend (income) Other assets Payment for obligation towards guarantee for Joint Venture Purchase of investments Rent received Income from mutual fund Dividends received Proceeds / (repayment) from short term borrowings (net) Proceeds from long term borrowings Repayment of long term borrowings Inter Corporate Deposit Received from Subidiary NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A + B + C) Cash and cash equivalents at the beginning of the year CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR CASH FLOWS FROM INVESTING ACTIVITIES Purchase of Property Plant and equipments, including capital work in progress and capital advances Proceeds from sale of property, plant and equipment Interest received Net cash flow from/ (used in) investing activities (B) CASH FLOWS FROM FINANCING ACTIVITIES Repayment of Lease Liabilities Interest and Bank charges paid Dividend paid on equity shares (including dividend distribution tax) Other current liabilities Net cash flow from/ (used in) in financing activities (C) Inventories Loans Cash generated from operations Direct taxes paid (net of refunds) Net cash flow from/ (used in) operating activities (A) CASH FLOW FROM OPERATING ACTIVITIES Profit before Tax Depreciation/ amortisation Adjustments to reconcile profit before tax to net cash flows Trade receivables Bad debts written off and provision for doubtfull debts Unrealized foreign exchange loss / (gain) Finance Cost Interest (income) OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES Increase/ (Decrease) in working capital : Trade Payables Provisions |
98.35 88.34 (2.51) 2.00 - (32.33) 30.45 (7.58) (15.17) 67.89 (6.36) (8.94) (5.13) (2.40) |
167.67 84.34 (20.29) (5.65) 0.40 - 45.91 11.77 (6.25) 32.37 (6.32) (5.20) - (33.11) |
| 206.61 | 265.64 | |
| 39.23 (11.76) 4.34 2.04 (18.04) (7.39) 105.06 |
10.80 (10.94) 10.49 226.21 8.10 (3.32) (41.61) |
|
| 320.09 (11.74) |
465.37 (73.35) |
|
| 308.35 | 392.02 | |
| (67.28) - (279.05) 80.87 6.36 5.88 5.13 2.40 |
(85.09) (19.24) - 2.14 6.32 4.67 - 33.11 |
|
| (245.69) | (58.09) | |
| (272.11) 350.00 (50.00) 55.00 (23.71) (42.59) (1.24) |
39.63 50.00 - 45.00 (15.07) (33.00) (224.10) |
|
| 15.35 | (137.54) | |
| 78.01 | 196.39 | |
| 218.18 | 21.79 | |
| 296.19 | 218.18 | |
| - (0.00) |
||
| Date : May 06, 2021 Place : Mumbai |
For BLUE STAR LIMITED B Thiagarajan Managing Director (DIN : 01790498) |
| Annexure A | Annexure A | Annexure A | Annexure A | ||||
|---|---|---|---|---|---|---|---|
| Additional disclosure on Commercial Papers as per regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, for the year ended March 31, 2021 |
|||||||
| Sr. No. |
ISIN | Date of Issue | Maturity Date | Principal Amount (₹ in Crores) |
Whether paid on due date or not |
Outstanding Amount as on March 31, 2021 (₹ in Crores) |
|
| 1 | INE472A14LO4 | 24-03-2020 | 12-06-2020 | 50.00 | Yes | - | |
| 2 | INE472A14LQ9 | 07-04-2020 | 29-06-2020 | 50.00 | Yes | - | |
| 3 | INE472A14LQ9 | 08-04-2020 | 29-06-2020 | 25.00 | Yes | - | |
| 4 | INE472A14LS5 | 09-04-2020 | 30-06-2020 | 25.00 | Yes | - | |
| 5 | INE472A14LS5 | 13-04-2020 | 30-06-2020 | 50.00 | Yes | - | |
| 6 | INE472A14LR7 | 09-04-2020 | 28-08-2020 | 25.00 | Yes | - | |
| 7 | INE472A14LV9 | 17-06-2020 | 15-09-2020 | 50.00 | Yes | - | |
| 8 | INE472A14LT3 | 29-04-2020 | 23-10-2020 | 50.00 | Yes | - | |
| 9 | INE472A14LU1 | 10-06-2020 | 15-03-2021 | 100.00 | Yes | - |
| ₹ inCrores BLUE STAR LIMITED Registered Office : Kasturi Buildings, Mohan T. Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, CIN No.: L28920MH1949PLC006870, Telephone No +91 22 6665 4000, Fax No. +91 22 6665 4152 CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021 |
₹ inCrores BLUE STAR LIMITED Registered Office : Kasturi Buildings, Mohan T. Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, CIN No.: L28920MH1949PLC006870, Telephone No +91 22 6665 4000, Fax No. +91 22 6665 4152 CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021 |
₹ inCrores BLUE STAR LIMITED Registered Office : Kasturi Buildings, Mohan T. Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, CIN No.: L28920MH1949PLC006870, Telephone No +91 22 6665 4000, Fax No. +91 22 6665 4152 CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021 |
₹ inCrores BLUE STAR LIMITED Registered Office : Kasturi Buildings, Mohan T. Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, CIN No.: L28920MH1949PLC006870, Telephone No +91 22 6665 4000, Fax No. +91 22 6665 4152 CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021 |
₹ inCrores BLUE STAR LIMITED Registered Office : Kasturi Buildings, Mohan T. Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, CIN No.: L28920MH1949PLC006870, Telephone No +91 22 6665 4000, Fax No. +91 22 6665 4152 CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021 |
₹ inCrores BLUE STAR LIMITED Registered Office : Kasturi Buildings, Mohan T. Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, CIN No.: L28920MH1949PLC006870, Telephone No +91 22 6665 4000, Fax No. +91 22 6665 4152 CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021 |
₹ inCrores BLUE STAR LIMITED Registered Office : Kasturi Buildings, Mohan T. Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, CIN No.: L28920MH1949PLC006870, Telephone No +91 22 6665 4000, Fax No. +91 22 6665 4152 CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021 |
|---|---|---|---|---|---|---|
| CONSOLIDATED | ||||||
| SR. NO |
PARTICULARS | QUARTER ENDED (Refer Note 1) |
QUARTER ENDED (UNAUDITED) |
QUARTER ENDED (Refer Note 1) |
YEAR ENDED (AUDITED) |
YEAR ENDED (AUDITED) |
| 31.3.21 | 31.12.20 | 31.3.20 | 31.3.21 | 31.3.20 | ||
| Revenuefromoperations | 1,611.56 | 1,123.89 | 1,299.36 | 4,263.59 | 5,360.19 | |
| Other Income | 39.79 | 8.09 | 6.35 | 62.35 | 44.70 | |
| 1 | Total Income | 1,651.35 | 1,131.98 | 1,305.71 | 4,325.94 | 5,404.89 |
| 2 | Expenses | |||||
| a) Cost of materials consumed (including direct project cost) | 974.92 | 687.18 | 844.70 | 2,360.45 | 3,108.84 | |
| b)Purchase ofStock intrade | 326.06 | 315.23 | 326.43 | 880.09 | 917.22 | |
| c)Changes in inventories of finished goods, stock-in-trade and work-in- progress |
(41.64) | (150.09) | (202.24) | 30.81 | (7.95) | |
| d)EmployeeBenefitsExpense | 116.57 | 104.52 | 124.32 | 381.81 | 484.51 | |
| e)DepreciationandAmortisation Expense | 24.85 | 25.91 | 23.70 | 92.29 | 87.99 | |
| f) Finance Cost | 13.41 | 14.92 | 6.90 | 64.72 | 29.47 | |
| g) Other Expenses | 133.84 | 85.49 | 168.82 | 370.62 | 574.79 | |
| Total Expenses | 1,548.01 | 1,083.16 | 1,292.63 | 4,180.79 | 5,194.87 | |
| 3 | Profit from Operations before Exceptional Items and Tax(1-2) | 103.34 | 48.82 | 13.08 | 145.15 | 210.02 |
| 4 | Exceptional Items (refer note 3) | - | - | (0.75) | - | (4.03) |
| 5 | Profit before Tax (3+4) | 103.34 | 48.82 | 12.33 | 145.15 | 205.99 |
| 6 | Tax Expense | |||||
| i) Current tax | 21.79 | 9.82 | 2.56 | 27.75 | 37.27 | |
| ii)Deferred tax(net of MAT) | 14.44 | 3.14 | 1.39 | 19.34 | 28.05 | |
| Total Tax Expense | 36.23 | 12.96 | 3.95 | 47.09 | 65.32 | |
| 7 | Net Profit after Tax (5-6) | 67.11 | 35.86 | 8.38 | 98.06 | 140.67 |
| 8 | Sharein Profit/(Loss) ofJoint Ventures | 0.98 | 0.91 | 0.57 | 2.60 | 3.03 |
| 9 | NetProfitforthe period attributable toNon-controllinginterest | (0.12) | (0.05) | (0.05) | (0.31) | (0.45) |
| 10 | Net Profit for the period attributable to the owners of the company, (7+8+9) |
67.97 | 36.72 | 8.90 | 100.35 | 143.25 |
| OtherComprehensiveIncome,net oftax | ||||||
| A. Items thatwill not bereclassified to profit or loss | 2.57 | 0.75 | (0.58) | 4.09 | (2.01) | |
| B. Items thatwillbereclassified to profit or loss | (0.14) | (0.41) | 2.59 | (1.62) | 4.47 | |
| 11 | Other Comprehensive Income, net of tax | 2.43 | 0.34 | 2.01 | 2.47 | 2.46 |
| **12a ** | Total Comprehensive Income for the period attributable to the owners of the company (10+11) |
70.40 | 37.06 | 10.91 | 102.82 | 145.71 |
| 12b | Total Comprehensive Income for the period attributable to Non-controlling interest |
0.12 | 0.05 | 0.05 | 0.31 | 0.45 |
| 13 | Paid UpEquityShare Capital(Face Value of the share ₹ 2/-each) | 19.26 | 19.26 | 19.26 | 19.26 | 19.26 |
| 14 | Other Equity | 865.92 | 763.11 | |||
| 15 | Earnings Per Share (EPS) (in ₹) (not annualised) | |||||
| a) Basic | 7.06 | 3.81 | 0.92 | 10.42 | 14.87 | |
| b) Diluted | 7.06 | 3.81 | 0.92 | 10.42 | 14.87 | |
| 16 | Capital redemption reserve | 2.34 | 2.34 | |||
| 17 | Net worth | 884.58 | 782.37 | |||
| 18 | Debt service coverage ratio (DSCR) | 1.85 | 10.84 | |||
| 19 | Interest service coverage ratio (ISCR) | 3.67 | 12.72 | |||
| 20 | Debt equity ratio | 0.54 | 0.59 | |||
| NOTES: 1 2 ₹ inCrores (Refer Note 1) (UNAUDITED) (Refer Note 1) 31.3.21 31.12.20 31.3.20 31.3.21 31.3.20 Income from operations 1,491.55 1,020.71 1,196.83 3,842.23 4,786.49 Profit before tax (after exceptional item) 97.55 33.18 35.45 98.35 167.67 Profit after tax 65.26 23.58 33.26 65.93 120.87 Total Comprehensive Income 67.38 24.19 32.85 69.40 119.14 Financial Results of Blue Star Limited (Standalone Information) : PARTICULARS STANDALONE QUARTER ENDED (AUDITED) The Audit Committee has reviewed and the Board of Directors has approved the above results at their respective meetings held on May 06, 2021. Figures for the quarter ended March 31, 2021 and March 31, 2020 are balancing figures between audited figures in respect of the full financial years and the unaudited figures upto the third quarter ended December 31, for respective years, which were subjected to limited review. YEAR ENDED |
||||||
| PARTICULARS | STANDALONE | |||||
| QUARTER ENDED | YEAR ENDED | |||||
| (Refer Note 1) | (UNAUDITED) | (Refer Note 1) | (AUDITED) | |||
| 31.3.21 | 31.12.20 | 31.3.20 | 31.3.21 | 31.3.20 | ||
| Income from operations | 1,491.55 | 1,020.71 | 1,196.83 | 3,842.23 | 4,786.49 | |
| Profit before tax (after exceptional item) | 97.55 | 33.18 | 35.45 | 98.35 | 167.67 | |
| Profit after tax | 65.26 | 23.58 | 33.26 | 65.93 | 120.87 | |
| Total Comprehensive Income | 67.38 | 24.19 | 32.85 | 69.40 | 119.14 | |
-
3 Exceptional item in F.Y-20 comprises one time costs of events and programmes held to mark momentous milestone of platinum jubilee year of the Company. 4 The Group continues to monitor the economic effects of COVID-19, including recoverability of assets based on current indicators of future economic conditions, and has taken steps to improve operational and financial efficiencies. The ultimate impact of the pandemic may be different from that presently estimated and would be recognized in the financial statements, if and when material changes to economic conditions arise.
-
5 The Code on Social Security, 2020 (‘the Code’) received presidential assent on September 28, 2020. However, the date on which the Code will come into effect has not yet been notified. The Group will record any related financial impact of the Code in the books of account, in the period(s) in which the Code becomes effective.
6 Additional disclosure as per regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements), Regulation 2015.
i The Company has alloted unsecured redeemable non-convertible debentures (NCDs) on June 1, 2020. Total Non-Convertible Debenture of the Company outstanding as on March 31, 2021 are Rs. 350 crore. The asset cover in respect of the non-convertible debenture of the Company as on March 31, 2021 exceeds hundred percent of the principal amount of the said listed unsecured Non-Convertible Debentures.
| ii | Details of Non - Convertible Debentures are as follows : | ₹ inCrores | ₹ inCrores | ₹ inCrores | ₹ inCrores |
|---|---|---|---|---|---|
| PARTICULARS | Previous Due Date | Next Due Date | |||
| Amount | Date | Amount | Date | ||
| 7.65%Non Convertible Debentures(Series - I)- Principal | - | - | 175.00 | 01-Jun-23 | |
| 7.65%Non Convertible Debentures(Series - I)- Interest | - | - | 13.39 | 01-Jun-21 | |
| 7.65%Non Convertible Debentures(Series - II)- Principal | - | - | 175.00 | 01-Jun-23 | |
| 7.65%Non Convertible Debentures(Series - II)- Interest | - | - | 13.39 | 01-Jun-21 |
iii The NCDs issued by the Company are rated by CARE AA+ (Outlook : Negative)
- iv Net worth as per section 2(57) of the Companies Act, 2013
DSCR = [Earnings before interest, Tax and Exceptional Items] / [Interest expenses + Principal repayments made during the period for long term loans] ISCR = [Earnings before Interest, Tax and Exceptional Items] / Interest expenses Debt / Equity Ratio = Total Debt / Equity
| 7 | Details of Commercial Papers are as follows : ₹ inCrores |
Details of Commercial Papers are as follows : ₹ inCrores |
Details of Commercial Papers are as follows : ₹ inCrores |
|---|---|---|---|
| Period | Amount Outstanding |
Rating | |
| March 31, 2021 | - | CARE A1+, CRISIL A1+ |
|
| March 31, 2020 | 50.00 | CARE A1+, CRISIL A1+ |
|
| Movement and repayment of Commercial Papers is given in "Annexure A". |
- 8 The Company is in compliance with the requirements of SEBI circular dated November 26, 2018 applicable to Large Corporate Borrowers.(Refer Note 6) 9 The Directors have recommended a dividend of ₹ 4 per equity share of ₹ 2 each for FY20-21 (FY19-20, Interim and Final Dividend of ₹ 10 per equity share).
10 Previous period / year's figures have been regrouped / rearranged, wherever necessary.
Date : May 06, 2021 Place : Mumbai
For BLUE STAR LIMITED
www.bluestarindia.com
B Thiagarajan Managing Director (DIN : 01790498)
BLUE STAR LIMITED
SEGMENT WISE REVENUE, RESULTS & CAPITAL EMPLOYED FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021
| SEGMENT WISE REVENUE, RESULTS & CAPITAL EMPLOYED FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021 | SEGMENT WISE REVENUE, RESULTS & CAPITAL EMPLOYED FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021 | SEGMENT WISE REVENUE, RESULTS & CAPITAL EMPLOYED FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021 | SEGMENT WISE REVENUE, RESULTS & CAPITAL EMPLOYED FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021 | SEGMENT WISE REVENUE, RESULTS & CAPITAL EMPLOYED FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021 | SEGMENT WISE REVENUE, RESULTS & CAPITAL EMPLOYED FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021 | SEGMENT WISE REVENUE, RESULTS & CAPITAL EMPLOYED FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021 |
|---|---|---|---|---|---|---|
| ₹ in Crores | ||||||
| Sr. No. |
CONSOLIDATED | |||||
| Particulars | QUARTER ENDED (Refer Note 1) |
QUARTER ENDED (UNAUDITED) |
QUARTER ENDED (Refer Note 1) |
YEAR ENDED (AUDITED) |
YEAR ENDED (AUDITED) |
|
| 31.3.21 | 31.12.20 | 31.3.20 | 31.3.21 | 31.3.20 | ||
| I | SEGMENT REVENUE a. Electro- Mechanical Projects and Commercial Air Conditioning Systems b. Unitary Products c. Professional Electronics and Industrial Systems |
779.96 781.81 49.79 |
585.49 492.97 45.43 |
660.39 596.28 42.69 |
2,218.72 1,868.28 176.59 |
2,826.67 2,300.61 232.91 |
| TOTAL SEGMENT REVENUE | 1,611.56 | 1,123.89 | 1,299.36 | 4,263.59 | 5,360.19 | |
| II | SEGMENT RESULT PROFIT BEFORE INTEREST & TAX a. Electro- Mechanical Projects and Commercial Air Conditioning Systems b. Unitary Products c. Professional Electronics and Industrial Systems TOTAL SEGMENT RESULT Less: i) Interest and Other Financial Charges ii) Un-allocable Expenditure TOTAL PROFIT BEFORE TAXATION AND EXCEPTIONAL ITEM Exceptional items |
- 48.50 62.06 7.22 |
- 34.11 38.79 8.26 |
- 3.17 43.75 7.50 |
- 106.49 108.82 33.81 |
- 120.26 162.27 54.34 |
| 117.78 13.41 1.03 |
81.16 14.92 17.42 |
54.42 6.90 34.44 |
249.12 64.72 39.25 |
336.87 29.47 97.38 |
||
| 103.34 - |
48.82 - |
13.08 (0.75) |
145.15 - |
210.02 (4.03) |
||
| PROFIT BEFORE TAXATION | 103.34 | 48.82 | 12.33 | 145.15 | 205.99 | |
| III | SEGMENT ASSETS a. Electro- Mechanical Projects and Commercial Air Conditioning Systems b. Unitary Products c. Professional Electronics and Industrial Systems d. Un-allocable Corporate Assets |
2,409.98 0.19 1,664.85 986.97 62.36 835.27 |
2,409.98 0.19 1,574.93 898.61 57.06 805.45 |
2,409.98 0.19 1,737.05 1,001.45 76.29 624.47 |
2,409.98 0.19 1,664.85 986.97 62.36 835.27 |
1,737.05 1,001.45 76.29 624.47 |
| TOTAL SEGMENT ASSETS | 3,549.45 | 3,336.05 | 3,439.26 | 3,549.45 | 3,439.26 | |
| IV | SEGMENT LIABILITIES a. Electro- Mechanical Projects and Commercial Air Conditioning Systems b. Unitary Products c. Professional Electronics and Industrial Systems d. Un-allocable Corporate Liabilities |
1,240.69 757.71 78.50 584.69 |
1,113.74 617.56 68.89 718.24 |
1,288.63 697.00 83.52 585.43 |
1,240.69 757.71 78.50 584.69 |
1,288.63 697.00 83.52 585.43 |
| TOTAL SEGMENT LIABILITIES | 2,661.59 | 2,518.43 | 2,654.58 | 2,661.59 | 2,654.58 | |
| V | CAPITAL EMPLOYED (Segment Assets - Segment Liabilities) a. Electro- Mechanical Projects and Commercial Air Conditioning Systems b. Unitary Products c. Professional Electronics and Industrial Systems d. Un-allocable Corporate Assets less Liabilities |
424.16 229.26 (16.14) 250.58 |
461.19 281.05 (11.83) 87.21 |
448.42 304.45 (7.23) 39.04 |
424.16 229.26 (16.14) 250.58 |
448.42 304.45 (7.23) 39.04 |
| TOTAL CAPITAL EMPLOYED IN THE COMPANY | 887.86 | 817.62 | 784.68 | 887.86 | 784.68 | |
| 87,463 84,684 888 80,052 |
||||||
| Notes : (0) (0) (0) (1) 1 2 Unitary Product segment is seasonal in nature. 3 Previous period / year's figures have been regrouped / rearranged wherever necessary. Based on the "management approach" as defined in Ind AS 108-Operating Segments, the Chief Operating Decision Makers evaluate the Company's performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along these business segments. |
||||||
| For BLUE STAR LIMITED Date : May 06, 2021 Place : Mumbai (DIN : 01790498) Managing Director B Thiagarajan |
Notes : (0) (0) (0) (1) 1 Based on the "management approach" as defined in Ind AS 108-Operating Segments, the Chief Operating Decision Makers evaluate the Company's performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along these business segments.
2 Unitary Product segment is seasonal in nature.
3 Previous period / year's figures have been regrouped / rearranged wherever necessary.
| For BLUE STAR LIMITED | |||
|---|---|---|---|
| Date | : May 06, 2021 | ||
| Place | : Mumbai | B Thiagarajan | |
| Managing Director | |||
| (DIN : 01790498) |
| ₹ inCrores BLUE STAR LIMITED STATEMENT OF ASSETS AND LIABILITIES AS ON MARCH 31, 2021 |
₹ inCrores BLUE STAR LIMITED STATEMENT OF ASSETS AND LIABILITIES AS ON MARCH 31, 2021 |
₹ inCrores BLUE STAR LIMITED STATEMENT OF ASSETS AND LIABILITIES AS ON MARCH 31, 2021 |
|
|---|---|---|---|
| Sr. No. |
PARTICULARS | CONSOLIDATED | |
| AS AT 31.3.21 |
AS AT 31.3.20 |
||
| AUDITED | AUDITED | ||
| A B |
ASSETS 1. Non-Current Assets (a) Property plant & equipment (b) Right-of-use assets (b) Capital work in progress (c) Investment property (d) Intangible assets (e) Intangible assets under development (f) Investment in joint ventures (g) Financial assets -Loans -Other financial assets (h) Income tax asset (net) (i) Deferred tax assets (net) (j) Other non current assets Total - Non Current Assets 2. Current Assets (a) Inventories (b) Financial assets -Investments -Loans -Trade receivables -Cash & cash equivalents -Other bank balances -Other Financial Assets (c) Other current assets Asset held for sale Total - Current Assets TOTAL - ASSETS |
269.23 50.07 68.11 11.95 52.31 3.42 15.91 22.42 6.01 86.20 47.49 56.77 |
274.24 55.45 56.35 62.71 51.39 11.01 16.87 19.28 4.62 91.46 81.75 62.92 |
| 689.90 | 788.05 | ||
| 882.42 279.06 20.12 810.98 327.93 4.23 0.26 534.47 0.08 |
869.82 - 14.63 837.67 286.15 7.79 - 635.07 0.08 |
||
| 2,859.55 | 2,651.21 | ||
| 3,549.45 | 3,439.26 | ||
| EQUITY AND LIABILITIES 1. Equity (a) Equity share capital (b) Other equity Equity attributable to equity holders of the company 2. Non controlling interest Total Equity 3. Non-Current Liabilities (a) Financial liabilities -Borrowings -Lease liabilities (b) Long term provisions (c) Government grant Total - Non-current liabilities 4. Current Liabilities (a) Financial liabilities -Borrowings -Trade payables a. Total outstanding dues of Micro Enterprises & Small Enterprises b. Total outstanding dues of creditors other than Micro Enterprises & Small Enterprises - Lease liabilities - Other financial liabilities (b) Provisions (c) Government grants (d) Income tax liabilities (net) (d) Other current liabilities Total - Current liabilities TOTAL- EQUITY AND LIABILITIES |
19.26 865.92 |
19.26 763.11 |
|
| 885.18 | 782.37 | ||
| 2.68 | 2.31 | ||
| 887.86 | 784.68 | ||
| 349.26 31.23 10.82 8.83 |
47.71 38.54 13.26 9.38 |
||
| 400.14 | 108.89 | ||
| 102.34 66.97 1,537.92 24.10 36.81 48.37 2.33 0.59 442.02 |
401.23 44.08 1,538.29 21.24 33.37 64.98 3.52 1.43 437.56 |
||
| 2,261.45 | 2,545.69 | ||
| 3,549.45 | 3,439.26 | ||
| 0.00 (0.01) |
|||
| Date : May 06, 2021 Place : Mumbai |
~~63 143~~ For BLUE STAR LIMITED B Thiagarajan Managing Director (DIN : 01790498) |
| ₹ in Crores Blue Star Limited Consolidated Cash Flow Statement for year ended March 31, 2021 |
₹ in Crores Blue Star Limited Consolidated Cash Flow Statement for year ended March 31, 2021 |
₹ in Crores Blue Star Limited Consolidated Cash Flow Statement for year ended March 31, 2021 |
|---|---|---|
| Particulars | For theyear ended | |
| 31st March, 2021 | 31st March, 2020 | |
| AUDITED | AUDITED | |
| CASH FLOW FROM OPERATING ACTIVITIES Profit before Tax Adjustments to reconcile profit before tax to net cash flows Depreciation/ amortization Amortisation of Government Grant Fair Value (Gain) / loss on financial instruments Loss/(Profit) on sale of Property, plant and equipment Bad debts written off and provision for doubtful debts Unrealized foreign exchange loss / (gain) Liabilities written back Rental income Finance Cost Interest (income) Income form mutual fund OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES Increase/ (Decrease) in working capital : Trade payables Provisions Other current liabilities Trade receivables Inventories Loans Other assets Cash generated from operations Direct taxes paid (net of refunds) Net cash flow from/ (used in) operating activities (A) CASH FLOWS FROM INVESTING ACTIVITIES Purchase of Property Plant and equipments, including Capital work-in-progress and capital advances Purchase of investments Payment for obligation towards guarantee given for Joint Venture Proceeds from of reedemption of preference share of Joint Venture Proceeds from sale of Property, Plant and Equipment Rent received Interest received Dividends received from Joint Venture Income from mutual fund Net cash flow from/ (used in) investing activities (B) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds / (repayment) from short term borrowings Proceeds from long term borrowings Repayment of long term borrowings Repayment of lease liabilities Interest and bank charges Dividend paid on equity shares (including Dividend Distribution Tax) Net cash flow from/ (used in) in financing activities (C) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A + B + C) Cash and cash equivalents at the beginning of the year Effects of Exchange Difference on restatement of Foreign Currency Cash & Cash Equivalent CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR |
145.15 92.29 (2.51) 2.00 (32.17) 34.28 (7.66) (19.48) (6.36) 64.72 (10.22) (5.13) |
205.99 87.99 (20.29) (5.69) 0.19 48.00 11.45 (11.65) (7.47) 29.47 (7.99) (1.81) |
| 254.91 | 328.20 | |
| 53.30 (14.26) (4.35) (12.84) (12.60) (8.62) 104.50 |
50.99 (6.31) (7.35) 229.38 (0.50) (2.75) (56.31) |
|
| 360.03 (10.22) |
535.35 (85.39) |
|
| 349.81 | 449.95 | |
| (63.52) (279.06) - 3.48 80.88 6.36 7.16 - 5.13 |
(86.04) - (19.24) - 4.63 7.47 7.44 3.17 1.81 |
|
| (239.57) | (80.75) | |
| (298.89) 350.00 (53.24) (26.68) (39.52) (1.24) |
65.92 50.00 (3.11) (18.51) (31.06) (230.14) |
|
| (69.57) | (166.90) | |
| 40.67 | 202.29 | |
| 286.15 1.11 |
83.86 - |
|
| 327.93 | 286.15 | |
| Date : May 06, 2021 Place : Mumbai Managing Director (DIN : 01790498) For BLUE STAR LIMITED B Thiagarajan |
| Annexure A | Annexure A | Annexure A | Annexure A | ||||
|---|---|---|---|---|---|---|---|
| Additional disclosure on Commercial Papers as per regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, for the year ended March 31, 2021 |
|||||||
| Sr. No. |
ISIN | Date of Issue | Maturity Date | Principal Amount (₹ in Crores) |
Whether paid on due date or not |
Outstanding Amount as on March 31, 2021 (₹ in Crores) |
|
| 1 | INE472A14LO4 | 24-03-2020 | 12-06-2020 | 50.00 | Yes | - | |
| 2 | INE472A14LQ9 | 07-04-2020 | 29-06-2020 | 50.00 | Yes | - | |
| 3 | INE472A14LQ9 | 08-04-2020 | 29-06-2020 | 25.00 | Yes | - | |
| 4 | INE472A14LS5 | 09-04-2020 | 30-06-2020 | 25.00 | Yes | - | |
| 5 | INE472A14LS5 | 13-04-2020 | 30-06-2020 | 50.00 | Yes | - | |
| 6 | INE472A14LR7 | 09-04-2020 | 28-08-2020 | 25.00 | Yes | - | |
| 7 | INE472A14LV9 | 17-06-2020 | 15-09-2020 | 50.00 | Yes | - | |
| 8 | INE472A14LT3 | 29-04-2020 | 23-10-2020 | 50.00 | Yes | - | |
| 9 | INE472A14LU1 | 10-06-2020 | 15-03-2021 | 100.00 | Yes | - |