Blue Star

Blue Star

1,768.40
-19.30
(-1.08%)
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Key Fundamentals
Add Ratio
Market Cap
36,360.90 Cr
EPS
28.76
PE Ratio
66.58
Dividend Yield
0.51 %
52 Week High
2,417.00
52 Week Low
1,521.00
PB Ratio
11.68
Debt to Equity
0.11
Analyst Rating and Forecast
- By Refinitiv from21 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+47.62 %
+47.62 %
Hold
Hold+38.10 %
+38.10 %
Sell
Sell+14.29 %
+14.29 %
Forecast For
Actual

Company News

View All News
Caret
neutral
Blue Star Limited reported revenue growth of 6.4% to Rs. 2,422 crores in Q2 FY26 compared to Rs. 2,276 crores in Q2 FY25. Net profit increased 2.8% to Rs. 99 crores from Rs. 96 crores in the previous year. EBITDA margin improved to 7.6% from 6.6% in Q2 FY25. The company faced multiple challenges including prolonged rains, lower temperatures impacting secondary sales, and GST rate reduction announcement on August 15, 2025, which deferred demand until implementation on September 22, 2025. The Electro-Mechanical Projects and Commercial Air Conditioning segment grew 16.5% to Rs. 1,664 crores with margins improving to 8.8%. The Unitary Products segment declined 9.5% to Rs. 694 crores. Carried-forward order book grew 7.9% to Rs. 7,120 crores. The company moved from net cash position of Rs. 185 crores to net borrowings of Rs. 417 crores. Management revised growth guidance from positive 5% to flat growth for the year, citing high inventory levels of 65 days versus ideal 45 days and continued weather disruptions.
negative
Blue Star shares declined over 6% after management revised its revenue growth guidance to flat from the previous 5% projection. The company reported challenges during the festive season despite GST rate reductions on consumer durables like air conditioners. Blue Star maintains a 65-day inventory that needs clearing before energy norm changes in January 2026. Management expects the Room AC industry to decline 15% but believes Blue Star will outpace industry growth while maintaining current margin levels. The company projects EBITDA margins of 7% to 7.5% for both EMP and UCP segments for the remainder of the year. Shares traded 5.5% lower at ₹1,814.4, down 10% from daily highs.
negative
Blue Star experienced a decline in revenue for its air conditioning business, which the company attributes to an extended monsoon season.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
1,350.90
#1 44,699.20
69.86
#1 15,737.30
23.58
#1 834
-76.28
45.97
1,768.40
#2 36,360.90
#7 66.58
#2 12,042.70
#3 23.73
#2 591
#5 2.81
33.00
7,376.00
25,925.90
113.19
10,046.60
#1 48.08
251
-252.86
38.07
276.15
17,781.30
#1 36.85
7,932.40
7.48
564
-41.14
33.55
1,245.00
15,795.50
44.88
8,110.20
15.97
363
-21.87
40.43
351.25
15,314.50
52.76
5,598.70
14.48
314
3.00
37.98
587.45
11,361.50
66.44
2,451.50
11.53
164
31.87
65.00
663.55
9,087.30
88.72
2,789.50
1.31
108
20.84
51.35
1,764.30
7,148.70
56.50
5,126.90
14.69
119
#1 61.78
46.81
888.20
6,099.40
47.09
1,622.70
34.46
213
-66.07
40.03
Growth Rate
Revenue Growth
23.73 %
Net Income Growth
42.72 %
Cash Flow Change
137.91 %
ROE
21.50 %
ROCE
12.07 %
EBITDA Margin (Avg.)
7.92 %

Quarterly Financial Results

Quarterly Financials
Jun 2015
Sept 2015
Dec 2015
Mar 2016
Jun 2016
Sept 2016
Dec 2016
Mar 2017
Jun 2017
Sept 2017
Dec 2017
Mar 2018
Jun 2018
Sept 2018
Dec 2018
Mar 2019
Jun 2019
Sept 2019
Dec 2019
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
1,049
835
784
1,173
1,220
899
924
1,377
1,519
854
936
1,355
1,526
1,037
1,109
1,602
1,597
1,260
1,242
1,306
635
908
1,133
1,652
1,060
1,248
1,520
2,261
1,988
1,591
1,799
2,803
2,235
1,903
2,254
3,341
2,889
2,295
2,829
4,043
2,998
2,432
Expenses
939
811
759
1,127
1,133
849
884
1,298
1,400
801
890
1,286
1,371
977
1,064
1,489
1,461
1,178
1,180
1,263
625
847
1,042
1,510
1,010
1,169
1,416
2,111
1,854
1,497
1,690
2,445
2,081
1,768
2,086
3,086
2,628
2,127
2,599
3,740
2,784
2,240
EBITDA
110
24
25
46
88
50
40
79
119
53
46
70
155
60
46
113
137
83
62
43
10
61
91
143
50
79
104
150
133
94
110
358
154
136
168
255
262
168
230
303
215
192
Operating Profit %
7 %
2 %
2 %
3 %
6 %
5 %
4 %
5 %
7 %
6 %
5 %
4 %
9 %
5 %
3 %
7 %
7 %
6 %
4 %
3 %
0 %
6 %
7 %
6 %
4 %
6 %
6 %
6 %
6 %
5 %
6 %
7 %
7 %
6 %
7 %
7 %
8 %
7 %
7 %
7 %
7 %
8 %
Depreciation
12
17
16
18
14
15
16
17
13
16
17
18
16
17
18
24
20
22
22
24
21
21
26
25
20
20
23
23
22
25
16
23
23
23
24
28
28
30
35
35
41
43
Interest
10
11
11
11
9
9
8
11
5
6
7
11
12
12
13
11
8
7
8
7
19
18
15
13
11
11
12
13
11
12
14
18
18
18
10
12
8
7
16
19
10
17
Profit Before Tax
95
5
10
18
65
27
16
51
102
32
21
41
127
32
14
78
108
54
32
12
-30
23
50
104
19
47
70
114
101
58
80
317
114
95
134
214
226
131
179
249
163
132
Tax
22
0
1
3
14
7
1
14
26
9
8
9
35
12
15
-2
31
16
12
3
-10
7
13
36
7
16
23
38
26
15
22
92
30
24
34
54
57
35
47
55
42
33
Net Profit
73
5
10
15
51
20
15
37
76
23
13
32
92
20
-1
80
77
38
20
9
-20
15
37
68
13
32
48
76
74
43
58
225
83
71
101
160
169
96
133
194
121
99
EPS in ₹
7.60
0.54
0.94
1.57
5.39
2.09
1.52
3.89
7.96
2.37
1.40
3.31
9.53
2.03
-0.10
8.29
7.98
3.94
2.03
0.92
-2.04
1.59
3.82
7.06
1.32
3.27
4.94
7.92
7.72
4.43
6.06
23.39
4.33
3.65
4.89
7.77
8.21
4.67
6.44
9.44
5.88
4.80

Balance Sheet

Balance Sheet
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
2,175
2,525
2,650
3,236
3,351
3,439
3,549
4,313
5,447
6,618
8,258
Fixed Assets
257
333
356
392
400
444
384
433
859
1,165
1,536
Current Assets
1,626
1,888
2,021
2,579
2,661
2,651
2,860
3,483
4,251
5,040
6,313
Capital Work in Progress
22
16
34
25
41
67
72
152
83
127
123
Investments
0
168
11
13
15
17
295
162
148
267
432
Other Assets
1,896
2,007
2,250
2,806
2,895
2,911
2,799
3,565
4,357
5,060
6,167
Total Liabilities
2,175
2,525
2,650
3,236
3,351
3,439
3,549
4,313
5,447
6,618
8,258
Current Liabilities
1,688
1,860
1,856
2,397
2,449
2,546
2,261
2,969
3,832
3,878
4,944
Non Current Liabilities
32
33
36
45
27
109
400
323
282
128
246
Total Equity
456
631
758
794
875
785
888
1,021
1,334
2,613
3,068
Reserve & Surplus
438
440
738
774
854
763
866
998
1,311
2,569
3,024
Share Capital
18
18
19
19
19
19
19
19
19
41
41

Cash Flow

Cash Flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Net Cash Flow
-24
13
25
-18
13
202
42
-62
-11
130
63
Investing Activities
-49
-49
69
-88
-65
-81
-239
-67
-178
-524
-463
Operating Activities
215
257
159
19
258
450
350
87
243
289
688
Financing Activities
-190
-195
-203
51
-181
-167
-70
-82
-76
365
-162

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Promoter
38.76 %
38.76 %
38.76 %
38.76 %
38.78 %
38.78 %
38.78 %
38.78 %
38.78 %
38.91 %
36.49 %
36.49 %
36.49 %
36.52 %
36.46 %
36.46 %
36.47 %
36.49 %
36.49 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
15.93 %
17.05 %
18.06 %
18.49 %
16.94 %
16.21 %
16.05 %
DIIs
20.85 %
21.17 %
21.90 %
22.17 %
22.18 %
21.74 %
22.80 %
24.64 %
25.13 %
24.05 %
24.72 %
24.32 %
24.69 %
23.57 %
22.85 %
22.20 %
23.14 %
23.37 %
25.32 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
24.92 %
24.75 %
24.09 %
23.76 %
23.49 %
23.44 %
21.74 %
21.19 %
21.15 %
20.37 %
18.61 %
18.55 %
17.89 %
17.86 %
17.40 %
17.55 %
17.96 %
18.46 %
16.91 %
Others
15.47 %
15.31 %
15.25 %
15.32 %
15.54 %
16.04 %
16.68 %
15.39 %
14.94 %
16.67 %
20.17 %
20.64 %
5.00 %
5.00 %
5.24 %
5.31 %
5.48 %
5.47 %
5.23 %
No of Share Holders
54,876
62,365
55,741
53,488
56,504
58,306
48,634
48,109
56,940
57,706
59,386
65,465
72,949
83,167
94,641
1,06,776
1,29,555
1,48,932
1,17,734

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 6.5 7.5 10 10 10 4 10 12 7 9
Dividend Yield (%) 1.88 1.99 2.95 4.35 2.14 0.76 1.45 0.94 0.33 0.51

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
23 Jul 2021 DIVIDEND Dividend
₹ 4.00 /share
22 Jul 2021 418.15 426.80
22 Jul 2022 DIVIDEND Dividend
₹ 10.00 /share
21 Jul 2022 563.35 499.90
04 Aug 2022 ANNUAL GENERAL MEETING Annual General Meeting
NA
04 Aug 2022 457.93 485.40
20 Jun 2023 BONUS Bonus
1:1
20 Jun 2023 729.53 762.60
21 Jul 2023 DIVIDEND Dividend
₹ 12.00 /share
21 Jul 2023 719.30 791.35
03 Aug 2023 ANNUAL GENERAL MEETING Annual General Meeting
NA
03 Aug 2023 719.30 774.60
20 Jul 2024 DIVIDEND Dividend
₹ 7.00 /share
19 Jul 2024 1,496.15 1,638.90
06 Aug 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
06 Aug 2024 1,496.15 1,626.95
06 Nov 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
06 Nov 2024 2,026.30 1,857.00
29 Jan 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
29 Jan 2025 1,984.00 1,762.40
07 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
07 May 2025 2,196.20 1,691.00
18 Jul 2025 DIVIDEND Dividend
₹ 9.00 /share
18 Jul 2025 1,691.00 1,881.50
06 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
06 Aug 2025 1,644.40 1,750.70
06 Aug 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
06 Aug 2025 1,691.00 1,750.70
05 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
05 Nov 2025 1,944.20 1,917.00

Announcements

Announcement under Regulation 30 (LODR)-Earnings Call Transcript2 days ago
Communication To Shareholders - Financial Results For The Second Quarter And Half Year Ended September 30 20258 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation8 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome8 days ago
Investor Update For The Second Quarter And Half Year Ended September 30 20259 days ago
Announcement under Regulation 30 (LODR)-Investor Presentation9 days ago
Board Meeting Outcome for Unaudited Standalone And Consolidated Financial Results For The Second Quarter And Half Year Ended On September 30 20259 days ago
Announcement under Regulation 30 (LODR)-Change in Management9 days ago
Announcement under Regulation 30 (LODR)-Press Release / Media Release9 days ago
Unaudited Standalone And Consolidated Financial Results For The Second Quarter And Half Year Ended On September 30 20259 days ago
Announcement under Regulation 30 (LODR)-Meeting Updates9 days ago
Grant Of Options Under Blue Star Employees Stock Option Scheme 2024 (ESOP 2024)Oct 31, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 27, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 09, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Oct 03, 2025
Closure of Trading WindowSep 25, 2025
Board Meeting Intimation for Approving The Un-Audited Standalone And Consolidated Financial Results (With Limited Review Report) For The Second Quarter And Half Year Ending On September 30 2025 As Required Under Regulation 33(3) Of The Listing RegulationsSep 25, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 10, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 04, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 13, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 07, 2025
Investor Update For The First Quarter Ended June 30 2025Aug 07, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 07, 2025
Communication To Shareholders - Financial Results For The First Quarter Ended June 30 2025Aug 07, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 07, 2025
Investor Update For The First Quarter Ended June 30 2025Aug 07, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationAug 07, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMAug 06, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 06, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 06, 2025
Announcement under Regulation 30 (LODR)-Meeting UpdatesAug 06, 2025
Board Meeting Outcome for Outcome Of The Board Meeting Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (The Listing Regulations)Aug 06, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementAug 01, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementJul 29, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 23, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 14, 2025
Intimation Under Regulations 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 - Letter To MembersJul 12, 2025
Reg. 34 (1) Annual Report.Jul 11, 2025
Notice Of The 77Th Annual General Meeting Of The CompanyJul 11, 2025
Business Responsibility and Sustainability Reporting (BRSR)Jul 11, 2025
Reg. 34 (1) Annual Report.Jul 11, 2025
Notice Of The 77Th Annual General Meeting Of The CompanyJul 11, 2025
NewspapoJul 01, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementJun 30, 2025
Board Meeting Intimation for Approving The Un-Audited Standalone And Consolidated Financial Results (With Limited Review Report) For The First Quarter Ended June 30 2025 As Required Under Regulation 33(3) Of The Listing Regulations.Jun 26, 2025
Closure of Trading WindowJun 26, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 19, 2025
Newspaper AdvertisementJun 11, 2025
Communication To Shareholders - Tax Deduction On Dividend PayoutMay 30, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 30, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
ICICI Prudential Multicap Fund Direct Plan-Growth
1.16%
258624
0.30%
0.29%
UTI Mid Cap Fund Direct-Growth
1.60%
200000
0.31%
1.60%
HSBC Midcap Fund Direct-Growth
0.07%
-194100
-0.31%
-0.92%
ICICI Prudential Innovation Fund Direct - Growth
2.01%
182325
0.46%
0.72%
JM Flexicap Fund Direct Plan-Growth
0.34%
-151160
-0.47%
-0.48%
HDFC Multi Cap Fund Direct - Growth
0.12%
-92236
-0.10%
-0.10%
Invesco India Business Cycle Fund Direct-Growth
0.00%
-87683
-2.17%
-2.51%
Sundaram Multi Cap Fund Direct-Growth
0.80%
-83806
-0.56%
-0.65%
HSBC Large and Mid Cap Fund Direct - Growth
0.01%
-80000
-0.34%
-0.81%
ICICI Prudential Flexicap Fund Direct - Growth
0.55%
75000
0.07%
0.10%
JM Midcap Fund Direct - Growth
0.59%
-65083
-0.86%
-0.87%
UTI India Consumer Fund Direct-Growth
0.53%
20000
0.53%
0.53%
PGIM India Small Cap Fund Direct - Growth
2.23%
-20000
-0.27%
-0.29%
Nippon India Retirement Fund - Wealth Creation Scheme Direct-Growth
0.59%
-20000
-0.12%
-0.13%
UTI Small Cap Fund Direct - Growth
1.14%
-17600
-0.10%
-0.09%
Bandhan Small Cap Fund Direct-Growth
0.24%
-14042
-0.03%
-0.05%
WhiteOak Capital Arbitrage Fund Direct-Growth
0.36%
13650
0.36%
0.36%
Invesco India ELSS Tax Saver Fund Direct-Growth
1.83%
-13523
-0.08%
-0.75%
Union Midcap Fund Direct - Growth
0.88%
11776
0.13%
0.10%
Aditya Birla Sun Life Business Cycle Fund Direct-Growth
1.38%
-10566
-0.14%
-0.14%
ICICI Prudential Rural Opportunities Fund Direct - Growth
0.53%
10000
0.09%
0.06%
PGIM India Balanced Advantage Fund Direct - Growth
0.53%
-8665
-0.16%
-0.26%
Mirae Asset Arbitrage Fund Direct - Growth
0.02%
4225
0.02%
0.02%
Kotak Arbitrage Fund Direct-Growth
0.00%
2600
0.00%
0.00%
Motilal Oswal Nifty Midcap 150 Index Fund Direct - Growth
0.67%
2116
-0.01%
-0.04%

Technical Indicators

RSI(14)
Neutral
33.00
ATR(14)
Less Volatile
56.80
STOCH(9,6)
Neutral
21.88
STOCH RSI(14)
Neutral
20.94
MACD(12,26)
Bearish
-18.01
ADX(14)
Strong Trend
28.87
UO(9)
Bearish
37.75
ROC(12)
Downtrend And Accelerating
-9.39
WillR(14)
Oversold
-80.89

About Blue Star

Blue Star Limited is a heating, ventilation, air conditioning and commercial refrigeration company operating in three segments: Electro-Mechanical Projects and Commercial Air Conditioning Systems, Unitary Products, and Professional Electronics and Industrial Systems. The company manufactures and services central air-conditioning systems, packaged air conditioners, cooling appliances, cold storage products, and various electronics and industrial systems. Blue Star has manufacturing facilities in India and exports products to 18 countries in the Middle East, Africa, South Asia and other regions. The company offers a wide range of products including air conditioners, water purifiers, air purifiers, and commercial refrigeration equipment. Blue Star has expanded through acquisitions, joint ventures, and new product launches in recent years.
Chairperson NameAshok M Advani