High ROE & High ROCE Multibagger Stock; Board announced bonus shares!

The stock gave multibagger returns of over 206.28 per cent in just 3 years with a ROE of 25 per cent and a ROCE of 26 per cent.

On Friday, shares of Blue Star Ltd gained 0.27 per cent to Rs 1,530 per share with an intraday high of Rs 1,547.75 and an intraday low of Rs 1,500 on the NSE. The stock has a 52-week high of Rs 1,615 and a 52-week low of Rs 859.05.

Blue Star Ltd (BSE Script Code: 500067; NSE Script Code: BLUESTARCO) informed that The Board of Directors of the company has approved bonus shares in the ratio 1:1 i.e., 1 (One) equity share of Rs 2 each for every 1 (One) existing Equity Share of Rs 2 each. The company verified the record date as Tuesday, June 20, 2023.

Blue Star Ltd manufactures air purifiers, air coolers, water purifiers, cold storage and speciality products. The company offers turnkey solutions in MEP projects.

According to the financials, this S&P BSE 500 company has a market cap of Rs 14,735 crore. The net sales increased by 16.40 per cent to Rs 2,623.83 crore and net profit skyrocketed by 196.32 per cent to Rs 224.02 crore in Q4FY23 over Q4FY22. The net sales increased by 31.55 per cent to Rs 7,977.32 crore and net profit skyrocketed by 139.82 per cent to Rs 400.26 crore in FY23 over FY22.

The company has maintained a healthy dividend payout of 42 per cent. The stock has a ROE of 25 per cent and a ROCE of 26 per cent. The stock gave multibagger returns of over 206.28 per cent in just 3 years. Investors should keep an eye on this mid-cap company stock under their watchlist.