blue star crisil report

7/27/2019 Blue Star Crisil Report

1/6

CRISIL COMPANY REPORT | 1

Blue Star Infotech Limited

GC : : C & : ..

E : BEF

B : B:

F / : 10.0

D. (%): 4.8

C ( 21 A 2011/): 103.4

52 21 A 2011 () (H/): 139.00/92.60

C 21 A 2011 ( ): 1,034

E 21 A 2011 ( ): 932

(): 10.0

F F (%): 44.6

A (12 ): 9,394

B (2 ): 0.8

I 1983, B I L (BIL)

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D 1 3 12

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NIF 11 10 3 12

(%)

:

1) D A 1, 2010 A 21, 2011.

2) 1, 3 12 A 21, 2 011.

08 09 10

( ) 1,456.3 1,564.0 1,337.8

EBIDA (%) 6.0 17.5 12.4

PA ( ) 49.1 155.5 137.8

PA (%) 3.4 9.9 10.3

G () EP (/) 4.9 15.6 13.8

PE () 11.8 3.0 7.5

P/B () 1.0 0.7 1.3

CE (%) 10.4 40.3 22.1

E (%) 8.4 24.6 18.8

E/EBIDA () 4.7 1.3 5.6

..: N

O

41%

DII

4%

P

55%

(A D 31, 2010)

F


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CEE

B

10 10 10 10

( ) 1,337.8 1,334.2 2,322.1 3,553.6

EBIDA (%) 12.4 44.9 9.2 17.1

PA ( ) 137.8 378.6 169.1 363.1

PA (%) 10.3 28.4 7.3 10.2

G () 0.8 0.4 0.2

EP (/ ) 13.8 29.2 0.3 3.0

PE () 7.5 0.6 244.9 11.4

P/B () 1.3 0.1 18.7 2.0

CE (%) 22.1 14.6 11.1 20.7

E (%) 18.8 21.4 11.6 17.9

E/EBIDA () 5.6 2.7 189.3 6.6 .: N

FACA FE

E F10

O , BIL 14.5% 1.3 F10

1.5 F09.

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E . E 21% .H, F10.

EBIDA 510 12.4% F10 17.5% F09,

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L , , 11.4%

PA. 138 F10, 156

F09.

08 09 10

1,456.3 1,564.0 1,337.8

EBIDA P 6.0 17.5 12.4

PA 49.1 155.5 137.8

PA P 3.4 9.9 10.3

P 21.0 7.4 14.5

EBIDA P 40.6 212.4 39.6

PA P 45.9 217.0 11.4

G 0.0 0.0 0.0

CE P 10.4 40.3 22.1

E P 8.4 24.6 18.8

F

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B

AA E

B

( ) 08 09 10 ( ) 08 09 10

N 1,435.7 1,550.3 1,302.5 E 100.0 100.0 100.0

1,456.3 1,564.0 1,337.8 495.8 570.8 693.4

595.8 670.8 793.4

EBDA 87.8 274.2 165.7 D : 8.9 7.1 2.7

EBDA 6.0 17.5 12.4 L 0.0 0.0 0.0

0.0 0.0 0.0

D 27.8 25.7 23.1 0.0 0.0 0.0

I 12.8 86.4 10.4 C 253.5 249.4 247.2

O I 0.6 3.4 10.3 46.1 83.6 83.5

886.5 996.7 1,121.4

PB 47.7 165.5 150.3 G 363.8 375.1 380.3

A 49.1 155.5 137.8 N 195.8 192.2 183.8

0.0 116.4 275.1

A 3.4 9.9 10.3 C 690.6 688.0 662.5

299.9 311.0 272.7

N. (M N.) 10.0 10.0 10.0 I 44.0 25.2 16.4

C 164.0 110.7 101.3

E (EP) 4.9 15.6 13.8 886.4 996.6 1,121.4

C

( ) 08 09 10 08 09 10

P 47.7 165.5 142.4 (%) 21.0 7.4 14.5

8.1 8.2 8.1 EBIDA (%) 40.6 212.4 39.6

D 27.8 25.7 23.1 PA (%) 45.9 217.0 11.4

C 53.1 17.2 13.8

EBIDA (%) 6.0 17.5 12.4

C 120.5 1 65.8 1 71.2 (%) 17.4 3.8 5.8

C E 11.6 17.4 16.2 PA (%) 3.4 9.9 10.3

I 10.7 116.4 158.7

D (%) 50.9 32.1 36.3

D () 2.5 5.0 5.0

C 0.9 13 3.8 1 74.9 B () 59.6 67.1 79.3

E /() 0.0 0.0 0.0 E (%) 8.4 24.6 18.8

D /() 0.0 0.0 0.0 (%) 10.4 40.3 22.1

D (. ) 29.2 58.5 58.5O ( ) 0.0 26.8 52.7 G () 0.0 0.0 0.0

I () 6.9 3.2 16.0

D/EBIDA () 0.0 0.0 0.0

C 29.2 85.3 5.8

C 90.4 53.3 9.5 A () 4.1 4.2 3.5

O 73.6 164.0 110.7 C () 2.3 2.4 2.8

C 164.0 110.7 101.3 G () 141 122 124

n.m:Notmeaningful;

AE E

( ) D10 % D09 % 10 % D10 % D09 %

N M 3 3 3 9 9

321.0 100.0 346.2 100.0 321.2 100.0 977.4 100.0 1,033.4 100.0

EBDA 35.7 11.1 52.3 15.1 29.8 9.3 124.5 12.7 136.6 13.2

I

D 5.9 1.8 5.6 1.6 5.7 1.8 17.0 1.7 17.2 1.7

PB 26.8 8.3 46.7 13.5 20.7 6.5 101.1 10.3 119.4 11.6

A 21.4 6.7 43.3 12.5 15.3 4.8 84.8 8.7 110.2 10.7


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B

FC CHA & ABE

2010 2010 2010 D 2010

P 55.4 55.4 55.4 55.4FII 0.1 0.1 0.1

DII 3.6 3.6 3.6 3.6

O 40.9 40.9 40.9 41.0

( )

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M A (M.) C & M D,PD

A M A (M.) C, PD

P G H (D.) NE D

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Sales Sales growth y-o-y (RHS)

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Net Profit Net profit growth y-o-y (RHS)

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5/6

L Company Quarterly Update l 09 Dec 2011

Sep11 Result Summary

Rs mn Sep11 Jun11 Sep10 qoq (%) yoy (%)

Net Sales 302 291 304 4.0 0.5

Other Income 13 13 17 4.5 26.2

Raw material cost

Employees cost 189 188 190 0.3 0.5

Other expenses 94 111 102 15.2 7.5

EBITDA 32 5 30 557.1 8.1

EBITDA margin (%) 10.7% 1.7% 9.8% 900 bps 90 bps

Depreciation 8 7 6 19.7 38.6

EBIT 24 2 24 n.m. 1.2

Interest and finance charges

Extraordinary Income : [Expenses] 3

PBT 24 2 21 n.m. 17.9

Tax 8 3 5 134.4 38.9

PAT 17 5 15 n.m. 10.5

PAT margin (%) 5.6% 1.7% 5.0% n.m. 60 bps

No of equity shares (Mn) 10.4 10.0 10.0

EPS (Rs) 1.67 0.50 1.53 n.m. 13.3

Top line decreased by a marginal ~0.5% yearonyear

to ~Rs 302 mn in Q2FY12, largely on account of

decline in revenue from the export business due to

adverse macroeconomic factors. Export revenue

declined ~20% yoy while domestic revenue jumped

~50%, partially offsetting lower exports.

EBITDA margin improved to 10.7% in Q2FY12 from

9.8% in Q2FY11 owing to favourable exchange rate

movement and lower professional charges, travel and

conveyance expenses. PAT increased ~11% yoy to

~Rs 17 mn, largely due to higher operating profit and

absence of exceptional expenses which were present

in Q2FY11.

Additional Disclosure

This report has been sponsored by NSE Investor Protection Fund Trust (NSEIPFT).

Disclaimer

This report is based on data publicly available or from sources considered reliable. CRISIL Ltd. (CRISIL) does not represent that it is accurate or complete and hence, it should not be relied upon as

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contact 'Client Servicing' at +912233423561, or via email: clientse [email protected].

lue Star Infotech Ltd


6/6


Blue Star Infotech Limited

% % 291 301 320 3 9

13 13 15 5 12

188 186 180 1 5

111 98 97 13 15

BDA 5 29 59 83 92

BDA (%) 1.7 9.6 18.4 790 1670

D 7 6 5 5 25

B 2 23 54 .. ..

B 2 23 54 .. ..

3 24 6 86 43

A 5 1 48 .. ..

A (%) 1.7 0.3 15.0 .. ..

() 10.0 10.0 10.0

() 0.5 0.1 4.8 .. ..

Revenue and EBITDA margins PAT and PAT margins

Share price movement Shareholding pattern

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