The world is lamenting over Russia’s invasion of Ukraine. Humanitarian crises, indeed, are always difficult to deal with. Today, we’re writing about a commodity which became one of the reasons for some European nations to invade India and making it a colony.
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On FY20 earnings, Blue Star trades at the Price-to-Earnings (P/E) multiple of ~61. The P/E ratio drops marginally to ~59 at annualized Q3FY21 earnings. By no means is this valuation cheap. However, the valuations have been high for quite a few businesses that represent a huge untapped market.
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BEML is a disinvestment candidate and is in the limelight as the date of Expression of Interest (EoI) submission nears.
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