Blue Star Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Strong return on equity (ROE 17.1%)
- ✓Efficient capital deployment (ROCE 21.2%)
- ✓Low debt relative to equity (D/E 0.2x)
Concerns
- ✗High premium to book value (P/B 9.5x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹4,268 | ₹3.6L Cr | 70.3 | 24.11 | 37.7 | 25.8 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,677 | ₹2.6L Cr | 57.5 | 12 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹1,500 -0.69% | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| HAVELLS Havells India Limited | ₹1,152 | ₹74K Cr | 43.6 | 7.63 | 19 | 24.9 | 0.03 |
| DIXON Dixon Technologies (India) Limited | ₹11,450 | ₹71K Cr | 49.3 | 14.89 | 37.4 | 42 | 0.34 |
| BERGEPAINT Berger Paints (I) Limited | ₹490 -0.81% | ₹59K Cr | 50.8 | 8.27 | 17.8 | 22.2 | 0.11 |
| VOLTAS Voltas Limited | ₹1,301 | ₹41K Cr | 104 | 6.74 | 6.1 | 9.04 | 0.28 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
BLUESTARCO · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 36.50% | 36.50% | 36.53% | 36.46% | 36.46% | 36.47% |
| FII | 15.38% | 15.93% | 17.04% | 18.06% | 18.48% | 16.94% |
| DII | 24.82% | 24.69% | 23.56% | 22.84% | 22.19% | 23.13% |
| Public | 23.29% | 22.89% | 22.85% | 22.63% | 22.86% | 23.44% |
Corporate Events
Dividend - Rs 8.50 Per Share
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Dividend - Rs 9 Per Share
Dividend - Rs 7 Per Share
Dividend - Rs 6 Per Share
Bonus 1:1
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.9K Cr ▲20.8% | ₹2.4K Cr ▼18.8% | ₹3.0K Cr ▼25.8% | ₹4.0K Cr ▲43.2% | ₹2.8K Cr ▲23.3% | ₹2.3K Cr ▼20.6% | ₹2.9K Cr ▼13.9% | ₹3.3K Cr |
| Op. Profit | ₹220 Cr ▲20.9% | ₹182 Cr ▼8.5% | ₹199 Cr ▼28.7% | ₹279 Cr ▲33.5% | ₹209 Cr ▲40.3% | ₹149 Cr ▼37.4% | ₹238 Cr ▼1.7% | ₹242 Cr |
| OPM | 8.0% ▲0.0% | 8.0% ▲14.3% | 7.0% ▲0.0% | 7.0% ▲0.0% | 7.0% ▲0.0% | 7.0% ▼12.5% | 8.0% ▲14.3% | 7.0% |
| Net Profit | ₹81 Cr ▼18.2% | ₹99 Cr ▼18.2% | ₹121 Cr ▼37.6% | ₹194 Cr ▲47.0% | ₹132 Cr ▲37.5% | ₹96 Cr ▼43.2% | ₹169 Cr ▲5.6% | ₹160 Cr |
| EPS (₹) | 3.92 ▼18.7% | 4.82 ▼18.0% | 5.88 ▼37.6% | 9.42 ▲46.0% | 6.45 ▲37.8% | 4.68 ▼43.0% | 8.21 ▲5.1% | 7.81 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹12.4K Cr ▲3.6% | ₹12.0K Cr ▲23.6% | ₹9.7K Cr ▲21.4% | ₹8.0K Cr ▲31.9% | ₹6.0K Cr ▲41.8% | ₹4.3K Cr ▼20.4% | ₹5.4K Cr ▲2.4% | ₹5.2K Cr ▲12.8% | ₹4.6K Cr ▲5.8% | ₹4.4K Cr |
| Expenses | ₹11.5K Cr ▲3.5% | ₹11.1K Cr ▲23.0% | ₹9.0K Cr ▲20.6% | ₹7.5K Cr ▲31.2% | ₹5.7K Cr ▲41.6% | ₹4.0K Cr ▼20.7% | ₹5.1K Cr ▲3.9% | ₹4.9K Cr ▲11.8% | ₹4.4K Cr ▲5.0% | ₹4.2K Cr |
| Op. Profit | ₹930 Cr ▲5.8% | ₹879 Cr ▲31.4% | ₹669 Cr ▲33.8% | ₹500 Cr ▲44.1% | ₹347 Cr ▲44.6% | ₹240 Cr ▼15.2% | ₹283 Cr ▼18.7% | ₹348 Cr ▲30.8% | ₹266 Cr ▲19.3% | ₹223 Cr |
| OPM | 8.0% ▲14.3% | 7.0% ▲0.0% | 7.0% ▲16.7% | 6.0% ▲0.0% | 6.0% ▲0.0% | 6.0% ▲20.0% | 5.0% ▼28.6% | 7.0% ▲16.7% | 6.0% ▲20.0% | 5.0% |
| Other Income | ₹24 Cr ▼71.1% | ₹83 Cr ▲88.6% | ₹44 Cr ▼77.4% | ₹195 Cr ▲441.7% | ₹36 Cr ▼41.9% | ₹62 Cr ▲55.0% | ₹40 Cr ▲53.8% | ₹26 Cr ▲18.2% | ₹22 Cr ▼35.3% | ₹34 Cr |
| Interest | ₹72 Cr ▲46.9% | ₹49 Cr ▼15.5% | ₹58 Cr ▲5.5% | ₹55 Cr ▲19.6% | ₹46 Cr ▼29.2% | ₹65 Cr ▲124.1% | ₹29 Cr ▼39.6% | ₹48 Cr ▲65.5% | ₹29 Cr ▼23.7% | ₹38 Cr |
| Depreciation | ₹179 Cr ▲39.8% | ₹128 Cr ▲30.6% | ₹98 Cr ▲15.3% | ₹85 Cr ▼1.2% | ₹86 Cr ▼6.5% | ₹92 Cr ▲4.5% | ₹88 Cr ▲17.3% | ₹75 Cr ▲17.2% | ₹64 Cr ▲4.9% | ₹61 Cr |
| PBT | ₹703 Cr ▼10.4% | ₹785 Cr ▲40.9% | ₹557 Cr ▲0.4% | ₹555 Cr ▲121.1% | ₹251 Cr ▲73.1% | ₹145 Cr ▼29.6% | ₹206 Cr ▼17.9% | ₹251 Cr ▲28.1% | ₹196 Cr ▲23.3% | ₹159 Cr |
| Tax % | 25.0% ▲0.0% | 25.0% ▼3.8% | 26.0% ▼7.1% | 28.0% ▼15.2% | 33.0% ▲3.1% | 32.0% ▲0.0% | 32.0% ▲88.2% | 17.0% ▼32.0% | 25.0% ▲8.7% | 23.0% |
| Net Profit | ₹527 Cr ▼10.8% | ₹591 Cr ▲42.8% | ₹414 Cr ▲3.2% | ₹401 Cr ▲138.7% | ₹168 Cr ▲66.3% | ₹101 Cr ▼29.9% | ₹144 Cr ▼24.2% | ₹190 Cr ▲31.9% | ₹144 Cr ▲17.1% | ₹123 Cr |
| EPS (₹) | 25.66 ▼10.7% | 28.75 ▲42.5% | 20.18 ▼2.9% | 20.79 ▲138.7% | 8.71 ▲67.2% | 5.21 ▼30.0% | 7.44 ▼24.6% | 9.87 ▲31.6% | 7.5 ▲16.5% | 6.44 |
| Div Payout | 33.0% ▲6.5% | 31.0% ▼11.4% | 35.0% ▲20.7% | 29.0% ▼49.1% | 57.0% ▲50.0% | 38.0% ▼43.3% | 67.0% ▲31.4% | 51.0% ▼23.9% | 67.0% ▲15.5% | 58.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹41 Cr ▲0.0% | ₹41 Cr ▲0.0% | ₹41 Cr ▲115.8% | ₹19 Cr ▲0.0% | ₹19 Cr ▲0.0% | ₹19 Cr ▲0.0% | ₹19 Cr ▲0.0% | ₹19 Cr ▲0.0% | ₹19 Cr ▲0.0% | ₹19 Cr |
| Reserves | ₹3.1K Cr ▲1.5% | ₹3.0K Cr ▲17.7% | ₹2.6K Cr ▲96.0% | ₹1.3K Cr ▲31.4% | ₹998 Cr ▲15.2% | ₹866 Cr ▲13.5% | ₹763 Cr ▼10.7% | ₹854 Cr ▲10.3% | ₹774 Cr ▲4.9% | ₹738 Cr |
| Borrowings | ₹1.0K Cr ▲170.3% | ₹381 Cr ▲56.8% | ₹243 Cr ▼63.3% | ₹662 Cr ▲19.5% | ₹554 Cr ▲8.6% | ₹510 Cr ▼1.9% | ₹520 Cr ▲49.4% | ₹348 Cr ▼7.4% | ₹376 Cr ▲70.1% | ₹221 Cr |
| Other Liabilities | ₹3.8K Cr ▼21.7% | ₹4.8K Cr ▲27.8% | ₹3.8K Cr ▲10.3% | ₹3.4K Cr ▲24.3% | ₹2.7K Cr ▲27.3% | ₹2.2K Cr ▲0.8% | ₹2.1K Cr ▲0.3% | ₹2.1K Cr ▲3.0% | ₹2.1K Cr ▲23.7% | ₹1.7K Cr |
| Total Liabilities | ₹7.9K Cr ▼4.2% | ₹8.2K Cr ▲24.8% | ₹6.6K Cr ▲22.4% | ₹5.4K Cr ▲25.2% | ₹4.3K Cr ▲21.5% | ₹3.5K Cr ▲3.2% | ₹3.4K Cr ▲2.6% | ₹3.4K Cr ▲3.6% | ₹3.2K Cr ▲22.1% | ₹2.6K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹1.7K Cr ▲9.4% | ₹1.5K Cr ▲31.8% | ₹1.2K Cr ▲35.6% | ₹859 Cr ▲98.4% | ₹433 Cr ▲12.8% | ₹384 Cr ▼13.5% | ₹444 Cr ▲11.0% | ₹400 Cr ▲2.0% | ₹392 Cr ▲10.1% | ₹356 Cr |
| CWIP | ₹60 Cr ▼51.2% | ₹123 Cr ▼3.1% | ₹127 Cr ▲53.0% | ₹83 Cr ▼45.4% | ₹152 Cr ▲111.1% | ₹72 Cr ▲7.5% | ₹67 Cr ▲63.4% | ₹41 Cr ▲64.0% | ₹25 Cr ▼26.5% | ₹34 Cr |
| Investments | ₹360 Cr ▼16.7% | ₹432 Cr ▲61.8% | ₹267 Cr ▲80.4% | ₹148 Cr ▼8.6% | ₹162 Cr ▼45.1% | ₹295 Cr ▲1635.3% | ₹17 Cr ▲13.3% | ₹15 Cr ▲15.4% | ₹13 Cr ▲18.2% | ₹11 Cr |
| Other Assets | ₹5.8K Cr ▼5.8% | ₹6.2K Cr ▲21.9% | ₹5.1K Cr ▲17.3% | ₹4.3K Cr ▲20.9% | ₹3.6K Cr ▲27.4% | ₹2.8K Cr ▼3.8% | ₹2.9K Cr ▲0.6% | ₹2.9K Cr ▲3.2% | ₹2.8K Cr ▲24.7% | ₹2.3K Cr |
| Total Assets | ₹7.9K Cr ▼4.2% | ₹8.2K Cr ▲24.8% | ₹6.6K Cr ▲22.4% | ₹5.4K Cr ▲25.2% | ₹4.3K Cr ▲21.5% | ₹3.5K Cr ▲3.2% | ₹3.4K Cr ▲2.6% | ₹3.4K Cr ▲3.6% | ₹3.2K Cr ▲22.1% | ₹2.6K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹688 Cr ▲138.1% | ₹289 Cr ▲17.0% | ₹247 Cr ▲168.5% | ₹92 Cr ▼73.7% | ₹350 Cr ▼23.4% | ₹457 Cr ▲77.1% | ₹258 Cr ▲1257.9% | ₹19 Cr ▼88.1% | ₹159 Cr ▼38.1% | ₹257 Cr |
| Investing CF | ₹-463 Cr ▲11.6% | ₹-524 Cr ▼192.7% | ₹-179 Cr ▼167.2% | ₹-67 Cr ▲71.8% | ₹-238 Cr ▼170.5% | ₹-88 Cr ▼35.4% | ₹-65 Cr ▲26.1% | ₹-88 Cr ▼227.5% | ₹69 Cr ▲243.8% | ₹-48 Cr |
| Financing CF | ₹-162 Cr ▼144.4% | ₹365 Cr ▲501.1% | ₹-91 Cr ▼4.6% | ₹-87 Cr ▼24.3% | ₹-70 Cr ▲58.1% | ₹-167 Cr ▲7.7% | ₹-181 Cr ▼454.9% | ₹51 Cr ▲125.1% | ₹-203 Cr ▼4.1% | ₹-195 Cr |
| Net Cash Flow | ₹63 Cr ▼51.5% | ₹130 Cr ▲690.9% | ₹-22 Cr ▲64.5% | ₹-62 Cr ▼247.6% | ₹42 Cr ▼79.2% | ₹202 Cr ▲1453.8% | ₹13 Cr ▲172.2% | ₹-18 Cr ▼172.0% | ₹25 Cr ▲92.3% | ₹13 Cr |
| Free Cash Flow | ₹322 Cr ▲323.6% | ₹-144 Cr ▼321.5% | ₹65 Cr ▲151.6% | ₹-126 Cr ▼134.3% | ₹367 Cr ▼2.4% | ₹376 Cr ▲108.9% | ₹180 Cr ▲346.6% | ₹-73 Cr ▼240.4% | ₹52 Cr ▼75.0% | ₹208 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60d ▼18.9% | 74d ▲4.2% | 71d ▼1.4% | 72d ▲4.3% | 69d ▲21.1% | 57d ▼26.9% | 78d ▲4.0% | 75d ▼3.8% | 78d ▲2.6% | 76d |
| Inventory Days | 131d ▲23.6% | 106d ▼14.5% | 124d ▼1.6% | 126d ▼11.9% | 143d ▲23.3% | 116d ▼2.5% | 119d ▼21.7% | 152d ▲56.7% | 97d ▼6.7% | 104d |
| Days Payable | 209d ▲5.6% | 198d ▼8.8% | 217d ▼3.1% | 224d ▼13.8% | 260d ▲23.2% | 211d ▲0.0% | 211d ▼7.5% | 228d ▲19.4% | 191d ▼9.5% | 211d |
| Cash Conv. Cycle | -18d ▲0.0% | -18d ▲18.2% | -22d ▲18.5% | -27d ▲43.8% | -48d ▼26.3% | -38d ▼171.4% | -14d ▼600.0% | -2d ▲87.5% | -16d ▲48.4% | -31d |
| Working Capital Days | 16d ▼20.0% | 20d ▲400.0% | 4d ▼33.3% | 6d ▲700.0% | -1d ▲92.3% | -13d ▼262.5% | 8d ▲0.0% | 8d ▲33.3% | 6d ▲135.3% | -17d |
| ROCE | 26.0% ▲0.0% | 26.0% ▲8.3% | 24.0% ▲20.0% | 20.0% ▲53.8% | 13.0% ▼31.6% | 19.0% ▼24.0% | 25.0% ▲25.0% | 20.0% ▲0.0% | 20.0% ▲0.0% | 20.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Blue Star Limited
Blue star manufacturers air purifiers, air coolers, water purifiers, cold storage and speciality products. The Company offers turnkey solutions in MEP (Mechanical, Electrical, Plumbing, and Fire-fighting) Projects. It is the largest after-sales service provider for air conditioning and commercial refrigeration products in the country. [1] [2]
Consumer Durables · Consumer Durables