WEBSITE BSE:500067 NSE: BLUE STAR Inc. Year: 1949 Industry: Air Conditioners
Last updated: 11:09
Blue Star Ltd is an air-conditioning and business refrigeration company. The Company conducts diverse activities, inclusive of electrical, plumbing and fire-fighting offerings. The Company operates via three segments: Electro-Mechanical Projects and Commercial Air Conditioning Systems, Unitary Products and Professional Electronics and Industrial Systems. Its Electro-Mechanical Projects and Commercial Air-conditioning Systems segment consist central air-conditioning projects, electric contracting enterprise, and packaged air-conditioning corpora...Read More
Blue Star Ltd is an air-conditioning and business refrigeration company. The Company conducts diverse activities, inclusive of electrical, plumbing and fire-fighting offerings. The Company operates via three segments: Electro-Mechanical Projects and Commercial Air Conditioning Systems, Unitary Products and Professional Electronics and Industrial Systems. Its Electro-Mechanical Projects and Commercial Air-conditioning Systems segment consist central air-conditioning projects, electric contracting enterprise, and packaged air-conditioning corporations, along with production and after-sales provider. Its Unitary Products segments include cooling home equipment, cold storage products, together with manufacturing and after-sales service. Its Professional Electronics and Industrial Systems segments include trading and services for testing machines, medical, analytical, test and measuring, information communications, commercial merchandise and systems. ...Read Less
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Market Cap ₹39640 Cr.
Stock P/E 67
P/B 12.4
Current Price ₹1927.9
Book Value ₹ 155.3
Face Value 2
52W High ₹2266.7
Dividend Yield 0.47%
52W Low ₹ 1521.2
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1890 | 2241 | 3328 | 2865 | 2276 | 2807 | 4019 | 2982 | 2422 | 2925 |
| Other Income | 13 | 13 | 12 | 24 | 19 | 9 | 24 | 16 | 10 | 12 |
| Total Income | 1903 | 2254 | 3340 | 2889 | 2294 | 2816 | 4043 | 2998 | 2432 | 2937 |
| Total Expenditure | 1768 | 2086 | 3086 | 2628 | 2127 | 2598 | 3740 | 2782 | 2239 | 2705 |
| Operating Profit | 136 | 168 | 254 | 262 | 168 | 218 | 303 | 216 | 193 | 233 |
| Interest | 18 | 10 | 12 | 8 | 6 | 16 | 19 | 10 | 17 | 22 |
| Depreciation | 23 | 23 | 28 | 28 | 30 | 35 | 35 | 41 | 43 | 46 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 13 | 0 | 0 | 0 | -56 |
| Profit Before Tax | 95 | 134 | 214 | 226 | 131 | 180 | 249 | 165 | 133 | 108 |
| Provision for Tax | 24 | 34 | 54 | 57 | 35 | 47 | 55 | 42 | 33 | 27 |
| Profit After Tax | 71 | 100 | 159 | 169 | 96 | 133 | 194 | 122 | 100 | 81 |
| Adjustments | -0 | 0 | 1 | 0 | -0 | -1 | -1 | -1 | -1 | -1 |
| Profit After Adjustments | 71 | 100 | 161 | 169 | 96 | 133 | 194 | 121 | 99 | 81 |
| Adjusted Earnings Per Share | 3.4 | 4.9 | 7.8 | 8.2 | 4.7 | 6.4 | 9.4 | 5.9 | 4.8 | 3.9 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 3182 | 3593 | 4385 | 4639 | 5235 | 5360 | 4264 | 6064 | 7977 | 9685 | 11968 | 12348 |
| Other Income | 8 | 24 | 35 | 64 | 25 | 45 | 62 | 36 | 31 | 47 | 93 | 62 |
| Total Income | 3190 | 3617 | 4420 | 4703 | 5260 | 5405 | 4326 | 6100 | 8008 | 9733 | 12061 | 12410 |
| Total Expenditure | 3015 | 3403 | 4163 | 4420 | 4888 | 5077 | 4024 | 5718 | 7485 | 9020 | 11110 | 11466 |
| Operating Profit | 176 | 213 | 257 | 283 | 371 | 327 | 302 | 382 | 524 | 712 | 951 | 945 |
| Interest | 49 | 43 | 38 | 29 | 48 | 29 | 65 | 46 | 55 | 58 | 49 | 68 |
| Depreciation | 43 | 52 | 61 | 64 | 75 | 88 | 92 | 86 | 85 | 98 | 128 | 165 |
| Exceptional Income / Expenses | -41 | -12 | 0 | 5 | 3 | -4 | 0 | 0 | 171 | 0 | 13 | -56 |
| Profit Before Tax | 43 | 107 | 159 | 196 | 251 | 206 | 148 | 251 | 555 | 557 | 785 | 655 |
| Provision for Tax | -8 | 24 | 37 | 49 | 42 | 65 | 47 | 83 | 155 | 143 | 194 | 157 |
| Profit After Tax | 51 | 83 | 122 | 146 | 209 | 141 | 101 | 168 | 401 | 414 | 591 | 497 |
| Adjustments | 4 | 22 | 1 | -2 | -19 | 3 | -0 | -0 | -0 | 1 | -0 | -4 |
| Profit After Adjustments | 54 | 105 | 123 | 144 | 190 | 143 | 100 | 168 | 400 | 415 | 591 | 495 |
| Adjusted Earnings Per Share | 3 | 5.8 | 6.4 | 7.5 | 9.9 | 7.4 | 5.2 | 8.7 | 20.8 | 20.2 | 28.8 | 24 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 24% | 25% | 17% | 14% |
| Operating Profit CAGR | 34% | 36% | 24% | 18% |
| PAT CAGR | 43% | 52% | 33% | 28% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -3% | 41% | 37% | 27% |
| ROE Average | 21% | 25% | 21% | 20% |
| ROCE Average | 28% | 30% | 25% | 22% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 456 | 630 | 757 | 793 | 873 | 782 | 885 | 1018 | 1331 | 2610 | 3065 |
| Minority's Interest | 0 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 |
| Borrowings | 24 | 18 | 20 | 26 | 9 | 48 | 349 | 242 | 162 | 0 | 0 |
| Other Non-Current Liabilities | 365 | -93 | -92 | -95 | -89 | -21 | 3 | 54 | 112 | 120 | 237 |
| Total Current Liabilities | 1688 | 1860 | 1856 | 2397 | 2449 | 2546 | 2261 | 2969 | 3832 | 3878 | 4944 |
| Total Liabilities | 2532 | 2417 | 2543 | 3123 | 3243 | 3358 | 3502 | 4285 | 5439 | 6611 | 8249 |
| Fixed Assets | 257 | 259 | 288 | 330 | 332 | 381 | 372 | 422 | 849 | 1155 | 1529 |
| Other Non-Current Assets | 650 | 269 | 233 | 214 | 251 | 325 | 271 | 380 | 340 | 416 | 407 |
| Total Current Assets | 1626 | 1886 | 2020 | 2573 | 2660 | 2651 | 2859 | 3478 | 4249 | 5040 | 6313 |
| Total Assets | 2532 | 2417 | 2543 | 3123 | 3243 | 3358 | 3502 | 4285 | 5439 | 6611 | 8249 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 68 | 2 | 15 | 89 | 71 | 84 | 286 | 328 | 239 | 227 | 357 |
| Cash Flow from Operating Activities | 215 | 257 | 159 | 19 | 258 | 450 | 350 | 87 | 243 | 289 | 688 |
| Cash Flow from Investing Activities | -49 | -65 | 69 | -88 | -65 | -81 | -240 | -69 | -182 | -525 | -464 |
| Cash Flow from Financing Activities | -190 | -195 | -203 | 51 | -181 | -167 | -70 | -82 | -76 | 365 | -162 |
| Net Cash Inflow / Outflow | -24 | -3 | 25 | -18 | 13 | 202 | 41 | -64 | -14 | 129 | 62 |
| Closing Cash & Cash Equivalent | 44 | 15 | 40 | 71 | 84 | 286 | 328 | 266 | 227 | 357 | 420 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 3.01 | 5.82 | 6.44 | 7.5 | 9.87 | 7.44 | 5.21 | 8.71 | 20.79 | 20.18 | 28.76 |
| CEPS(Rs) | 5.21 | 7.51 | 9.55 | 10.94 | 14.75 | 11.87 | 10.02 | 13.19 | 25.21 | 24.9 | 35 |
| DPS(Rs) | 2.5 | 3.25 | 3.75 | 5 | 5 | 5 | 2 | 5 | 6 | 7 | 9 |
| Book NAV/Share(Rs) | 25.33 | 25.06 | 39.27 | 41.13 | 45.33 | 40.62 | 45.96 | 52.83 | 69.09 | 126.95 | 148.9 |
| Core EBITDA Margin(%) | 5.21 | 5.24 | 5.03 | 4.7 | 6.62 | 5.28 | 5.62 | 5.71 | 6.18 | 6.87 | 7.17 |
| EBIT Margin(%) | 2.84 | 4.13 | 4.44 | 4.83 | 5.71 | 4.39 | 4.98 | 4.9 | 7.65 | 6.35 | 6.97 |
| Pre Tax Margin(%) | 1.33 | 2.94 | 3.59 | 4.21 | 4.8 | 3.84 | 3.47 | 4.14 | 6.96 | 5.75 | 6.56 |
| PAT Margin (%) | 1.58 | 2.29 | 2.76 | 3.14 | 4 | 2.62 | 2.36 | 2.77 | 5.02 | 4.28 | 4.94 |
| Cash Profit Margin (%) | 2.92 | 3.73 | 4.13 | 4.52 | 5.43 | 4.27 | 4.53 | 4.19 | 6.09 | 5.29 | 6.01 |
| ROA(%) | 1.93 | 3.36 | 4.92 | 5.16 | 6.57 | 4.26 | 2.93 | 4.31 | 8.24 | 6.88 | 7.96 |
| ROE(%) | 11.03 | 18.32 | 20.31 | 18.98 | 25.16 | 17 | 12.07 | 17.66 | 34.13 | 21.03 | 20.85 |
| ROCE(%) | 9.99 | 16.18 | 19.91 | 20.9 | 25.03 | 19.12 | 16.45 | 20.97 | 35.85 | 26.26 | 27.6 |
| Receivable days | 84.68 | 75.96 | 71.38 | 74.18 | 71.9 | 66.38 | 70.57 | 60.21 | 62.65 | 65.98 | 59.65 |
| Inventory Days | 53.7 | 51.02 | 46.65 | 63.32 | 65.76 | 59.21 | 75 | 60.99 | 58.97 | 53.52 | 54.23 |
| Payable days | 207.52 | 192.38 | 183.99 | 201.97 | 210.46 | 207.77 | 258 | 180.85 | 174.45 | 169.11 | 158.66 |
| PER(x) | 51.09 | 32.94 | 53.8 | 50.28 | 34.36 | 30.97 | 89.96 | 60.36 | 33.13 | 62.96 | 74.3 |
| Price/Book(x) | 6.08 | 7.66 | 8.82 | 9.17 | 7.48 | 5.67 | 10.2 | 9.95 | 9.97 | 10.01 | 14.35 |
| Dividend Yield(%) | 1.62 | 1.69 | 1.08 | 1.33 | 1.47 | 2.17 | 0.43 | 0.95 | 0.87 | 0.55 | 0.42 |
| EV/Net Sales(x) | 0.98 | 1.05 | 1.54 | 1.62 | 1.29 | 0.86 | 2.15 | 1.7 | 1.71 | 2.68 | 3.65 |
| EV/Core EBITDA(x) | 17.76 | 17.66 | 26.24 | 26.63 | 18.26 | 14.05 | 30.28 | 27.03 | 25.98 | 36.38 | 45.95 |
| Net Sales Growth(%) | 8.44 | 12.91 | 22.05 | 5.79 | 12.85 | 2.39 | -20.46 | 42.23 | 31.55 | 21.41 | 23.56 |
| EBIT Growth(%) | -30.06 | 64.01 | 31.34 | 14.2 | 33.3 | -21.25 | -9.76 | 41.66 | 105.21 | 0.85 | 35.51 |
| PAT Growth(%) | -31.64 | 64.25 | 46.9 | 19.83 | 43.11 | -32.74 | -28.44 | 71.32 | 138.51 | 3.4 | 42.71 |
| EPS Growth(%) | -28.46 | 93.35 | 10.56 | 16.45 | 31.61 | -24.63 | -29.95 | 67.12 | 138.78 | -2.93 | 42.48 |
| Debt/Equity(x) | 0.87 | 0.81 | 0.29 | 0.48 | 0.4 | 0.59 | 0.51 | 0.47 | 0.43 | 0.06 | 0.07 |
| Current Ratio(x) | 0.96 | 1.01 | 1.09 | 1.07 | 1.09 | 1.04 | 1.26 | 1.17 | 1.11 | 1.3 | 1.28 |
| Quick Ratio(x) | 0.68 | 0.73 | 0.77 | 0.65 | 0.73 | 0.7 | 0.87 | 0.79 | 0.73 | 0.94 | 0.84 |
| Interest Cover(x) | 1.88 | 3.49 | 5.2 | 7.8 | 6.25 | 7.99 | 3.28 | 6.41 | 11.15 | 10.59 | 17.08 |
| Total Debt/Mcap(x) | 0.14 | 0.11 | 0.03 | 0.05 | 0.05 | 0.1 | 0.05 | 0.05 | 0.04 | 0.01 | 0 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 36.49 | 36.49 | 36.49 | 36.52 | 36.46 | 36.46 | 36.47 | 36.49 | 36.49 | 36.49 |
| FII | 14.89 | 15.38 | 15.93 | 17.03 | 18 | 18.42 | 16.88 | 16.15 | 15.99 | 14.61 |
| DII | 25.24 | 24.83 | 24.69 | 23.59 | 22.91 | 22.26 | 23.19 | 23.43 | 25.38 | 26.81 |
| Public | 23.38 | 23.3 | 22.89 | 22.86 | 22.63 | 22.86 | 23.45 | 23.93 | 22.14 | 22.1 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 7.5 | 7.5 | 7.5 | 7.51 | 7.5 | 7.5 | 7.5 | 7.5 | 7.5 | 7.5 |
| FII | 3.06 | 3.16 | 3.27 | 3.5 | 3.7 | 3.79 | 3.47 | 3.32 | 3.29 | 3 |
| DII | 5.19 | 5.1 | 5.08 | 4.85 | 4.71 | 4.58 | 4.77 | 4.82 | 5.22 | 5.51 |
| Public | 4.81 | 4.79 | 4.71 | 4.7 | 4.65 | 4.7 | 4.82 | 4.92 | 4.55 | 4.54 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 20.56 | 20.56 | 20.56 | 20.56 | 20.56 | 20.56 | 20.56 | 20.56 | 20.56 | 20.56 |
* The pros and cons are machine generated.
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