Blue Star Ltd.

•

bluestarindia.comBSE: 500067NSE: BLUESTARCO

Market Cap₹ 32,076 Cr.

Current Price

High / Low₹ 2,033 / 1,432

Stock P/E63.0

Book Value₹ 171

Price to Book9.68

Dividend Yield0.54 %

ROCE21.2 %

ROE16.3 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Electro Mechanical Projects and Packaged Airconditioning Systems: 54.5% • Unitary Products: 43.0% • Professional Electronics and Industrial Systems: 2.5%

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company has delivered good profit growth of 39.3% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 25.0%
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 23.8% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 33.1%

CONS

Recent results are weak - TTM profit is down 19.2% versus prior year
Total debt has risen sharply - up 214.4% year on year
Stock is trading at 9.7x its book value
Recurring exceptional / one-off items are inflating headline profit
Growth is decelerating - 3Y profit CAGR (9.6%) trails the 5Y trend (39.3%)
Expensive relative to growth - PEG of 6.6

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesConsumer DurablesAir Conditioners

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100 NIFTY MIDCAP 150 NIFTY TOTAL MKT

S.No.	Name
1.	VOLTAS	1164.50	85.78	38531.53	0.34	212.76	51.31	4673.50	19.46	8.75	4.88
2.	BLUESTARCO	1560.00	62.99	32075.91	0.54	102.51	-15.15	3377.92	13.27	21.17	5.17
3.	AMBER	7237.20	265.74	25523.99	0.00	3.09	-97.09	3887.72	12.72	9.95	8.01
4.	BOSCH-HCIL	1707.50	994.18	4642.84	2.11	22.79	49.44	1095.52	28.49	1.83	3.74
5.	EPACK	185.30	113.17	1784.01	0.00	118.18	416.27	8860.24	1237.61	4.67	5.95

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2,226	1,890	2,241	3,328	2,865	2,276	2,807	4,019	2,982	2,422	2,925	4,072	3,378
	2,081	1,768	2,086	3,086	2,628	2,127	2,598	3,740	2,782	2,239	2,705	3,746	3,273
Operating Profit	145	123	155	242	238	149	209	279	200	183	221	326	105
OPM %	6.51%	6.49%	6.93%	7.27%	8.30%	6.56%	7.46%	6.95%	6.71%	7.57%	7.55%	8.01%	3.10%
	9	13	13	12	24	19	21	24	16	10	-44	41	12
Interest	18	18	10	12	8	6	16	19	10	17	22	23	13
Depreciation	23	23	23	28	28	30	35	35	41	43	46	48	57
Profit before Tax	114	95	134	214	226	131	180	249	165	133	108	296	135
Tax %	26.62%	25.54%	25.27%	25.46%	25.34%	26.67%	25.89%	22.00%	25.76%	25.08%	24.99%	24.60%	23.84%
Net Profit	0	0	0	0	169	96	132	194	121	99	81	227	103
	4.33	3.65	4.89	7.77	8.21	4.67	6.44	9.44	5.88	4.80	3.92	11.05	4.99

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	4,385	4,639	5,235	5,360	4,264	6,064	7,977	9,685	11,968	12,402	12,798
	4,163	4,420	4,888	5,077	4,024	5,718	7,485	9,020	11,110	11,495	11,962
Operating Profit	222	219	347	283	240	346	493	665	857	907	835
OPM %	5.07%	4.71%	6.62%	5.28%	5.62%	5.71%	6.18%	6.87%	7.16%	7.31%	6.53%
	35	69	27	41	62	36	202	47	106	47	19
Interest	38	29	48	29	65	46	55	58	49	72	76
Depreciation	61	64	75	88	92	86	85	98	128	179	194
Profit before Tax	159	196	251	206	148	251	555	557	785	703	672
Tax %	23.12%	25.27%	16.72%	31.71%	31.87%	33.04%	27.85%	25.64%	24.67%	25.00%	24.60%
Net Profit	122	146	209	141	101	168	401	414	591	527	507
EPS	12.84	14.98	19.74	14.87	10.42	17.44	20.80	20.18	28.76	25.67	—
Dividend Payout %	58.24%	66.69%	50.67%	67.23%	38.39%	57.42%	28.86%	34.68%	31.30%	33.12%	—

COMPOUNDED SALES GROWTH

10 Years:: 13%
5 Years:: 24%
3 Years:: 16%

COMPOUNDED PROFIT GROWTH

10 Years:: 18%
5 Years:: 39%
3 Years:: 10%

STOCK PRICE CAGR

10 Years:: 20%
5 Years:: 30%
3 Years:: 26%
1 Year:: -17%

RETURN ON EQUITY

10 Years:: 20%
5 Years:: 22%
3 Years:: 19%
Last Year:: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	19	19	19	19	19	19	19	41	41	41
Minority Interest	1	2	2	2	3	3	3	3	3	2
	731	770	854	763	866	998	1,311	2,569	3,020	3,379
	220	376	351	508	492	374	480	271	406	818
Trade Payables	1,177	1,533	1,535	1,582	1,605	2,042	2,511	2,617	3,428	2,943
	394	423	483	482	518	849	1,115	1,111	1,351	1,383
Total Liabilities	2,543	3,123	3,243	3,358	3,502	4,285	5,439	6,611	8,249	8,567
	288	330	332	381	372	422	849	1,155	1,529	1,690
Capital Work in Progress	22	18	31	56	68	145	61	108	73	65
	11	13	15	17	295	162	148	267	432	457
	596	1,017	869	870	882	1,144	1,433	1,407	2,149	2,166
	0	0	0	0	0	0	0	1,953	1,959	2,140
Cash & Bank	97	81	101	294	332	270	243	377	432	402
	1,530	1,663	1,896	1,739	1,553	2,142	2,705	1,344	1,674	1,646
Total Assets	2,543	3,123	3,243	3,358	3,502	4,285	5,439	6,611	8,249	8,567

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	156	64	294	535	360	126	336	289	688	154
Cash from Investing	69	-88	-65	-81	-240	-69	-182	-525	-464	-359
Cash from Financing	-203	51	-181	-167	-70	-82	-76	365	-162	137
	25	-18	13	202	41	-64	-14	129	62	-68

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	36.52	36.46	36.46	36.47	36.49	36.49	36.49	36.49	36.50
	17.02	18.00	18.42	16.89	16.15	15.99	14.61	13.76	12.75
	23.56	22.84	22.19	23.13	23.37	25.32	26.76	27.78	28.25
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	22.86	22.63	22.86	23.45	23.93	22.13	22.10	21.93	22.50

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-05

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-05 - Blue Star Limited has informed the Exchange about Schedule of meet

2026-09-02

Disclosure of material issue

2026-09-02 - Blue Star Limited has informed regarding Update on completion of sale and transfer of MedTech business of Blue Star Engineering & Electronics Limited, a wholly owned subsidiary of the Company

2026-08-14

Sale or disposal

2026-08-14 - Blue Star Limited has informed the Exchange about Execution of Business Transfer Agreement by Blue Star Engineering & Electronics Limited, a wholly owned subsidiary of the Company

2026-08-13

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Blue Star Limited has informed the Exchange about Transcript

2026-08-07

General Updates

2026-08-07 - Blue Star Limited has informed the Exchange about Communication to shareholders Financial Results for the First Quarter ended on June 30, 2026

2026-08-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - Blue Star Limited has informed the Exchange about Link of Recording

2026-08-07

Shareholders meeting

2026-08-07 - Blue Star Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 06, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - Blue Star Limited has informed the Exchange about Presentation

2026-08-07

Updates

2026-08-07 - Blue Star Limited has informed the Exchange regarding 'Investor Update for the First Quarter ended on June 30, 2026'.

News

Recent coverage and analyst commentary for BLUESTARCO

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Blue Star Ltd.

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Free 5nance Account

Name

VOLTAS

1164.50

85.78

38531.53

0.34

212.76

51.31

4673.50

19.46

8.75

4.88

BLUESTARCO

1560.00

62.99

32075.91

0.54

102.51

-15.15

3377.92

13.27

21.17

5.17

AMBER

7237.20

265.74

25523.99

0.00

3.09

-97.09

3887.72

12.72

9.95

8.01

BOSCH-HCIL

1707.50

994.18

4642.84

2.11

22.79

49.44

1095.52

28.49

1.83

3.74

EPACK

185.30

113.17

1784.01

0.00

118.18

416.27

8860.24

1237.61

4.67

5.95

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

2,226

1,890

2,241

3,328

2,865

2,276

2,807

4,019

2,982

2,422

2,925

4,072

3,378

2,081

1,768

2,086

3,086

2,628

2,127

2,598

3,740

2,782

2,239

2,705

3,746

3,273

Operating Profit

145

123

155

242

238

149

209

279

200

183

221

326

105

OPM %

6.51%

6.49%

6.93%

7.27%

8.30%

6.56%

7.46%

6.95%

6.71%

7.57%

7.55%

8.01%

3.10%

-44

Interest

Depreciation

Profit before Tax

114

134

214

226

131

180

249

165

133

108

296

135

Tax %

26.62%

25.54%

25.27%

25.46%

25.34%

26.67%

25.89%

22.00%

25.76%

25.08%

24.99%

24.60%

23.84%

Net Profit

169

132

194

121

227

103

4.33

3.65

4.89

7.77

8.21

4.67

6.44

9.44

5.88

4.80

3.92

11.05

4.99

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

4,385

4,639

5,235

5,360

4,264

6,064

7,977

9,685

11,968

12,402

12,798

4,163

4,420

4,888

5,077

4,024

5,718

7,485

9,020

11,110

11,495

11,962

Operating Profit

222

219

347

283

240

346

493

665

857

907

835

OPM %

5.07%

4.71%

6.62%

5.28%

5.62%

5.71%

6.18%

6.87%

7.16%

7.31%

6.53%

202

106

Interest

Depreciation

128

179

194

Profit before Tax

159

196

251

206

148

251

555

557

785

703

672

Tax %

23.12%

25.27%

16.72%

31.71%

31.87%

33.04%

27.85%

25.64%

24.67%

25.00%

24.60%

Net Profit

122

146

209

141

101

168

401

414

591

527

507

EPS

12.84

14.98

19.74

14.87

10.42

17.44

20.80

20.18

28.76

25.67

—

Dividend Payout %

58.24%

66.69%

50.67%

67.23%

38.39%

57.42%

28.86%

34.68%

31.30%

33.12%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

731

770

854

763

866

998

1,311

2,569

3,020

3,379

220

376

351

508

492

374

480

271

406

818

Trade Payables

1,177

1,533

1,535

1,582

1,605

2,042

2,511

2,617

3,428

2,943

394

423

483

482

518

849

1,115

1,111

1,351

1,383

Total Liabilities

2,543

3,123

3,243

3,358

3,502

4,285

5,439

6,611

8,249

8,567

288

330

332

381

372

422

849

1,155

1,529

1,690

Capital Work in Progress

145

108

295

162

148

267

432

457

596

1,017

869

870

882

1,144

1,433

1,407

2,149

2,166

1,953

1,959

2,140

Cash & Bank

101

294

332

270

243

377

432

402

1,530

1,663

1,896

1,739

1,553

2,142

2,705

1,344

1,674

1,646

Total Assets

2,543

3,123

3,243

3,358

3,502

4,285

5,439

6,611

8,249

8,567

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

156

294

535

360

126

336

289

688

154

Cash from Investing

-88

-65

-81

-240

-69

-182

-525

-464

-359

Cash from Financing

-203

-181

-167

-70

-82

-76

365

-162

137

-18

202

-64

-14

129

-68

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

36.52

36.46

36.47

36.49

36.50

17.02

18.00

18.42

16.89

16.15

15.99

14.61

13.76

12.75

23.56

22.84

22.19

23.13

23.37

25.32

26.76

27.78

28.25

Government

0.00

22.86

22.63

22.86

23.45

23.93

22.13

22.10

21.93

22.50

Blue Star Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Blue Star Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI