Share the post "Blue Star Ltd Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
Blue Star Ltd has unveiled its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This comprehensive report offers a deep dive into the company’s shareholding landscape, including details on Promoters, promoter groups, Foreign investors, public investors, and government entities. Through meticulous comparative analysis, it tracks the evolution of shareholding percentages and quantities, highlighting any shifts in ownership dynamics. Investors gain invaluable insights into the company’s ownership structure and the evolving investment landscape.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 7.50 | 7.50 | 36.49 | 36.49 | 0 |
| Public | 4.79 | 4.71 | 23.3 | 22.89 | -0.41 % |
| DII | 5.10 | 5.08 | 24.83 | 24.69 | -0.14 % |
| FII | 3.16 | 3.27 | 15.38 | 15.93 | +0.55 % |
| Government | 0.00 | 0.00 | 0 | 0 | 0 |
Promoters shareholding remained stable, at 36.49% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. Domestic Institutional Investor’s (DII) shareholding decreased slightly from 24.83% in December 2023 to 24.69% in March 2024 , indicating that domestic institutions reduced their -0.14 stake in the company.FIIs (Foreign Institutional Investors): There was a significant increase from 15.38% in December 2023 to 15.93% in March 2024. This suggests that foreign institutions grew their investments 0.55 in the company during the quarter. During quater from December 2023 to March 2024, Goverenment ownership remained steady at 0%.This indicates that the government’s stake in the company remained consistent during this period.
Let’s delve deeper into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 2.663 | 2.641 | 12.95 | 12.84 | -0.11 % |
| Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 1.150 | 1.038 | 5.59 | 5.05 | -0.54 % |
| Non Resident Indians (NRIs) | 0.311 | 0.373 | 1.51 | 1.82 | + 0.31 % |
| Bodies Corporate | 0.147 | 0.138 | 0.71 | 0.67 | -0.04 % |
| Any Other (specify) | 0.404 | 0.400 | 1.97 | 1.95 | -0.02 % |
| Unclaimed or Suspense or Escrow Account | 0.115 | 0.113 | 0.56 | 0.55 | -0.01 % |
| Trusts | 0.226 | 0.224 | 1.1 | 1.09 | -0.01 % |
Observations indicate a sizeable -0.11 % variance in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.54 % variance in Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, Non Resident Indians (NRIs) lifts the bar with a remarkable 0.31 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Observations indicate a sizeable -0.04 % variance in Bodies Corporate’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.02 % variance in Any Other (specify)’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.01 % variance in Unclaimed or Suspense or Escrow Account’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.01 % variance in Trusts’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Mutual Funds/ | 4.734 | 4.701 | 23.02 | 22.87 | -0.15 % |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 0.259 | 0.230 | 1.26 | 1.12 | -0.14 % |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund | 0.626 | 0.630 | 3.04 | 3.06 | + 0.02 % |
| Kotak Emerging Equity Scheme | 1.271 | 1.207 | 6.18 | 5.87 | -0.31 % |
| SBI Small Cap Fund | 0 | 1.593 | 0 | 7.75 | +7.75% |
| Alternate Investment Funds | 0.104 | 0.087 | 0.51 | 0.42 | -0.09 % |
| Insurance Companies | 0.263 | 0.286 | 1.28 | 1.39 | + 0.11 % |
| Sbi Small Cap Fund | 1.632 | 0 | 7.94 | 0 | -7.94% |
Mutual Funds/ decreased their stake from 22.87% in the previous quarter to 23.02% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.15 %.Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund decreased their stake from 1.12% in the previous quarter to 1.26% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.14 %.The latest quarter saw a considerable enhancement in profitability for Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund, reflecting an uptick of 0.02 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.Kotak Emerging Equity Scheme decreased their stake from 5.87% in the previous quarter to 6.18% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.31 %.Alternate Investment Funds decreased their stake from 0.42% in the previous quarter to 0.51% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.09 %.The latest quarter saw a considerable enhancement in profitability for Insurance Companies, reflecting an uptick of 0.11 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.SBI Small Cap Fund had no shares in the previous quarter but now holds 7.75% of shares in the current quarter.Sbi Small Cap Fund had 7.94% of shares in the previous quarter but exited in the current quarter.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Foreign Portfolio Investors Category I | 2.929 | 3.016 | 14.25 | 14.67 | + 0.42 % |
| Fidelity Funds – India Focus Fund | 0.213 | 0.244 | 1.04 | 1.18 | + 0.14 % |
| Government Pension Fund Global | 0.392 | 0.398 | 1.91 | 1.94 | + 0.03 % |
| Foreign Portfolio Investors Category II | 0.232 | 0.259 | 1.13 | 1.26 | + 0.13 % |
| T. Rowe Price International Discovery Fund | 0.236 | 0 | 1.15 | 0 | -1.15% |
During this past quarter, there was a noteworthy upswing in profitability for Foreign Portfolio Investors Category I, which experienced a significant increase of 0.42 % in net profit.During this past quarter, there was a noteworthy upswing in profitability for Fidelity Funds – India Focus Fund, which experienced a significant increase of 0.14 % in net profit.During this past quarter, there was a noteworthy upswing in profitability for Government Pension Fund Global, which experienced a significant increase of 0.03 % in net profit.During this past quarter, there was a noteworthy upswing in profitability for Foreign Portfolio Investors Category II, which experienced a significant increase of 0.13 % in net profit.T. Rowe Price International Discovery Fund had 1.15% of shares in the previous quarter but exited in the current quarter.
