Blue Star Limited

Blue Star Limited

1,497.00
INR
-67.50
(-4.31%)
25.83EPS
63.02P/E
334.77BMarket Cap
Oct 29Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
160.47
174.47
196.91
226.85
239.38
270.42
277.07
219.89
311.46
410.04
480.13
576.45
595.83
649.71
Basic EPS, GAAP
4.31
3.01
5.49
6.44
7.51
9.9
7.44
5.21
8.71
20.79
20.81
28.75
25.67
25.84
Free Cash Flow per Basic Share
1.48
8.6
10.69
2.67
-4.14
7.81
18.89
14.86
-6.78
-6.08
-7.61
15.37
-8.52
- -
Dividend per Share
1.5
2.18
5.59
0.1
4.51
6.01
11.95
0.06
2.01
5
5.81
7
8.99
- -
Book Value per Share
25.6
26.63
35.04
37.87
41.29
45.32
40.62
45.95
52.83
69.08
126.94
149.07
166.9
- -
Tangible Book Value per Share
23.73
24.31
32.34
34.95
38
42.17
37.38
43.06
50.29
64.86
121.48
141.13
155.86
- -
Basic Weighted Avg Shares
180
180
191
191
192
192
193
193
193
193
199
206
206
206
Sales/Revenue/Turnover
28,864
31,382
37,548
43,328
45,866
51,920
53,364
42,350
59,995
78,985
95,757
118,527
122,500
133,575
Operating Margin (%)
4.25
4.35
4.37
3.81
4.46
5.34
3.84
3.58
4.43
5.36
6.06
6.65
6.45
5.46
Depreciation Expense
378
431
571
606
638
749
880
923
860
848
976
1,284
1,788
1,921
Net Income, GAAP
775
542
1,048
1,231
1,440
1,901
1,433
1,004
1,677
4,005
4,150
5,912
5,277
5,312
Effective Tax Rate (%)
2.93
- -
17.85
23.12
25.27
16.72
31.71
31.87
33.04
27.85
25.64
24.67
25
24.73
Profit Margin (%)
2.69
1.73
2.79
2.84
3.14
3.66
2.68
2.37
2.8
5.07
4.33
4.99
4.31
3.98
Working Capital
-36
-255
281
1,382
1,813
2,117
1,055
5,981
5,142
4,187
11,619
13,684
15,220
- -
LT Debt
- -
253
183
202
259
87
863
3,805
2,935
2,252
545
1,387
1,238
- -
Total Equity
4,785
4,798
6,314
7,251
7,943
8,749
7,847
8,879
10,205
13,338
26,126
30,676
34,339
- -
Return on Invested Capital (%)
13.77
- -
14.77
14.79
16.96
21.45
11.77
8.26
12.82
24.86
18.23
19.09
14.5
- -
Return on Capital (%)
11.82
- -
13.94
15.1
15.18
18.62
12.59
10.43
13.08
24.32
18.7
19.71
14.96
- -
Return on Common Equity (%)
18.01
11.53
18.89
18.17
18.98
22.82
17.31
12.04
17.63
34.11
21.06
20.84
16.25
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
6,862
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
1,238
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
206
206
206
Market Capitalization
355,858
331,149
334,767

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
63,883
- -
Cash, Cash Equivalents & STI
- -
8,662
- -
Accounts Receivable, Net
- -
22,516
- -
Inventories
- -
21,662
- -
Total Current Liabilities
- -
48,663
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
6,862
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.82%
34.17%
11.94%
Free Cash Flow
-108.79%
-118.01%
-155.44%
Net Income, GAAP
25.31%
48.25%
-10.75%
Sales/Revenue/Turnover
13.83%
24.33%
3.35%
Total Cash Common Dividend
780.57%
649.6%
28.38%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
28,654
22,760
28,074
40,190
118,527
2026
29,823
- -
29,253
40,721
122,500
2027
33,779
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
8.21
4.67
6.44
9.44
28.75
2026
5.88
- -
3.92
11.05
25.67
2027
4.99
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
7
2026
- -
- -
- -
- -
8.99
2027
- -
- -
- -
- -
- -

Company Description

CEO
Vir S. Advani
Full Time Employees
14,125
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Band Box House Mumbai MA India 400030
IPO Date
Jan 9, 1995
Business
Blue Star Limited is an Indian multinational company specializing in air conditioning, commercial refrigeration, and engineering contracting services. Founded in 1943 and headquartered in Mumbai, the company manufactures and markets a wide range of HVAC&R (heating, ventilation, air conditioning, and refrigeration) products including precision inverter, split and window air conditioners, VRF (variable refrigerant flow) systems, ducted and packaged ACs, chillers, commercial refrigeration products such as water coolers, bottled water dispensers, deep freezers, modular cold rooms, and specialty refrigeration solutions including medical and retail refrigeration equipment. Blue Star also provides water purifiers with advanced RO+UV technology and features such as hot and cold water dispensing, air purifiers, air coolers, and allied contracting services in electrical, plumbing, fire-fighting, and industrial project execution within its MEP segment. The company operates over 30 offices and 7 manufacturing facilities across India, with a dealer network spanning more than 10,000 retail outlets and service centers in over 900 towns, and maintains a global footprint through ventures and joint ventures in the Middle East, Africa, SAARC, and ASEAN regions. Blue Star's recent strategic developments include business expansion into residential air conditioning and water and air purification segments, growth in their MEP business, and the launch of technologically advanced water and air purifiers. It continues to pursue market share expansion in the Indian room air conditioning segment, targeting a 15% market share by FY27. The company’s subsidiary, Blue Star Engineering & Electronics Limited, focuses on specialized technology solutions, turnkey projects, MedTech equipment, data security, and industrial solutions. Blue Star also actively works on advancing product innovation and increasing indigenization to improve margins. It engages in international infrastructure projects through its joint ventures and exports its products to several international markets. Operating primarily in air conditioning, commercial refrigeration, and MEP solutions, Blue Star serves a broad customer base including corporate, commercial, residential, industrial, infrastructure, and healthcare sectors. The company's extensive product portfolio, comprehensive service network, and integration of allied contracting services position it as a leading player across India and selected international markets. Blue Star Limited is listed on the National Stock Exchange of India under the ticker BLUESTARCO.NS. The company’s enduring focus on innovation, customer-centric solutions, and strategic geographic expansion continues to drive its growth trajectory. This description incorporates Blue Star Limited’s main products and services alongside its latest major strategic shifts and expansions as of 2025.