Tag Archives: Room ACs

Blue Star: Conditioned well to the market conditions?

Blue Star

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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