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Blue Star Limited (BLUESTARCO.NS)

INR1,753.90 +7.70 (+0.44%)
IN NSE Industrials Industrial - Machinery
Address Kasturi Buildings 400020
Mumbai, IN
CEO Vir S. Advani
IPO 2002-07-01
ISIN INE472A01039

Explore sections of this company profile

Also trades on Bombay Stock Exchange · BLUESTARCO.BO (INR) National Stock Exchange of India · BLUESTARCO.NS (INR)
Description

Blue Star Limited, headquartered in Mumbai, India, is a prominent Indian enterprise primarily focused on central air conditioning and commercial refrigeration solutions. The company's operations are diversified across three core divisions: 1. Electro-Mechanical Projects and Commercial Air Conditioning Systems: This segment manages the entire lifecycle of large-scale cooling solutions. It encompasses the design, manufacturing, installation, commissioning, and ongoing maintenance of central air conditioning plants, packaged/ducted systems, and variable refrigerant flow (VRF) systems. Additionally, this division offers specialized contracting services for electrification, plumbing, and fire-fighting, alongside comprehensive after-sales support including system revamps, retrofits, and upgrades. 2. Unitary Products: This division caters to consumer and light commercial markets. It provides room air conditioners for both residential and business applications, as well as water purifiers, air purifiers, and air coolers. Furthermore, it is responsible for the production and distribution of various commercial refrigeration products and essential cold chain equipment. 3. Professional Electronics and Industrial Systems: Through this segment, Blue Star engages in the trading and servicing of a diverse portfolio of specialized equipment. This includes testing machinery, medical devices, analytical instruments, precision test and measurement tools, data communication systems, and other industrial products and systems. With a substantial retail footprint of approximately 7,000 stores across India, Blue Star also extends its market reach internationally. Its products are exported to 18 countries spanning the Middle East, African, SAARC (South Asian Association for Regional Cooperation), and ASEAN (Association of Southeast Asian Nations) regions. The company was established in 1943.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR1,753.90 +7.70 (+0.44%)
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Volume Profile
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Liquidity & share structure
Average Volume
622.2K
Beta
0.16
Float Shares
179.17M
Free Float %
87.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.84% -10.58% -3.51% -17.40% -9.31% -5.78% +0.39% +130.19% +297.22% +667.27% +43,615.82%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,753.90
DCF (Unlevered) 2,253.14 +28.5%
DCF (Levered) 708.32 -59.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 42% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 6 -1
Hold 9 0
Sell 3 -1
Strong Sell 2 0
Quality scores
Altman Z-Score
5.93
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Industrial - Machinery: +7.4%
    +3.6% Q1'26: +1.3% (vs Q1'25)
  • EPS growth Industrial - Machinery: +15.6%
    -10.8% Q1'26: +17.1% (vs Q1'25)
  • FCF margin FCF growth · Industrial - Machinery: +38.2%
    -0.4% Q1'26: -21.1% (vs Q1'25)
  • EBIT margin Industrial - Machinery: +10.0%
    +6.1% Q1'26: +6.8% (vs Q1'25)
  • ROIC Industrial - Machinery: +6.8%
    +16.6% Q1'26: +24.7% (vs Q1'25)
  • Share dilution Industrial - Machinery: +0.0%
    +3.2% Q1'26: +0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×
    0.87× Q1'26: 0.62× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.23) × ERP
WACC = 98% × Ke + 2% × Kd (8.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,915.32 Current price: 1,753.90
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2011
actual
Mar 2012
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
22 Rev. Ana.
17 EPS Ana.
Mar 2027
17 Rev. Ana.
17 EPS Ana.
Mar 2028
23 Rev. Ana.
22 EPS Ana.
Mar 2029
11 Rev. Ana.
16 EPS Ana.
Mar 2030
11 Rev. Ana.
10 EPS Ana.
Revenue
29.51B
est: 29.23B (+1.0%)
28.20B
est: 28.81B (-2.1%)
29.24B
est: 29.21B (+0.1%)
29.34B
est: 29.33B (+0.0%)
31.82B
est: 31.40B (+1.3%)
36.35B
est: 34.69B (+4.8%)
43.85B
est: 43.48B (+0.9%)
46.39B
est: 49.07B (-5.5%)
52.38B
est: 51.63B (+1.5%)
53.60B
est: 57.46B (-6.7%)
42.71B
est: 42.03B (+1.6%)
60.64B
est: 56.61B (+7.1%)
79.77B
est: 78.01B (+2.3%)
96.85B
est: 94.83B (+2.1%)
119.68B
est: 119.07B (+0.5%)
126.38B
121.60B – 128.93B
+6.1% YoY
145.63B
143.71B – 148.89B
+15.2% YoY
169.22B
160.92B – 179.53B
+16.2% YoY
192.81B
186.53B – 201.14B
+13.9% YoY
214.82B
207.82B – 224.10B
+11.4% YoY
EBITDA
2.83B
est: 3.29B (-13.9%)
-58.93M
est: 2.37B (-102.5%)
1.10B
est: -1.44B (+176.3%)
1.54B
est: 589.53M (+160.5%)
1.71B
est: 841.73M (+103.6%)
1.98B
est: 503.31M (+293.3%)
2.23B
est: 2.00B (+11.5%)
2.62B
est: 2.37B (+10.8%)
3.48B
est: 2.56B (+35.9%)
2.77B
est: 3.08B (-10.2%)
2.28B
est: 2.11B (+7.8%)
3.27B
est: 2.73B (+19.5%)
4.50B
est: 3.04B (+47.9%)
6.28B
est: 3.59B (+75.2%)
8.23B
est: 11.93B (-31.0%)
12.85B
12.36B – 13.11B
+7.7% YoY
14.80B
14.61B – 15.14B
+15.2% YoY
17.20B
16.36B – 18.25B
+16.2% YoY
19.60B
18.96B – 20.45B
+13.9% YoY
21.84B
21.13B – 22.78B
+11.4% YoY
EBIT
2.57B
est: 2.58B (-0.6%)
-376.50M
est: 2.49B (-115.1%)
803.61M
est: -503.82M (+259.5%)
1.20B
est: 597.87M (+100.8%)
1.33B
est: 812.92M (+63.2%)
1.48B
est: 761.77M (+93.8%)
1.70B
est: 1.35B (+25.5%)
2.09B
est: 1.82B (+14.8%)
2.88B
est: 2.22B (+29.7%)
2.12B
est: 3.03B (-29.9%)
1.66B
est: 1.61B (+2.9%)
2.70B
est: 2.08B (+29.7%)
3.96B
est: 2.32B (+70.5%)
5.60B
est: 2.74B (+104.7%)
7.31B
est: 9.62B (-24.0%)
10.36B
9.97B – 10.57B
+7.7% YoY
11.94B
11.78B – 12.20B
+15.2% YoY
13.87B
13.19B – 14.72B
+16.2% YoY
15.80B
15.29B – 16.49B
+13.9% YoY
17.61B
17.03B – 18.37B
+11.4% YoY
Net Income
1.58B
est: 2.22B (-28.8%)
-1.05B
est: 1.58B (-166.3%)
381.35M
est: -1.07B (+135.8%)
775.42M
est: 392.89M (+97.4%)
541.81M
est: 845.66M (-35.9%)
1.08B
est: 600.61M (+80.4%)
1.23B
est: 1.31B (-5.7%)
1.49B
est: 1.38B (+8.1%)
1.90B
est: 1.53B (+24.5%)
1.43B
est: 2.11B (-32.3%)
1.00B
est: 1.11B (-9.5%)
1.68B
est: 1.43B (+16.9%)
4.00B
est: 1.60B (+150.6%)
4.15B
est: 1.88B (+120.4%)
5.91B
est: 6.38B (-7.3%)
5.50B
4.97B – 6.29B
-13.7% YoY
6.79B
6.14B – 7.20B
+23.4% YoY
8.59B
7.56B – 10.30B
+26.4% YoY
9.90B
9.49B – 10.46B
+15.3% YoY
10.78B
10.32B – 11.39B
+8.8% YoY
SGA
2.20B
est: 3.82B (-42.5%)
1.80B
est: 4.02B (-55.3%)
4.56B
est: 2.48B (+84.0%)
4.85B
est: 6.14B (-21.1%)
3.52B
est: 7.16B (-50.8%)
3.99B
est: 6.36B (-37.3%)
5.03B
est: 9.47B (-47.0%)
5.78B
est: 8.87B (-34.9%)
5.92B
est: 8.90B (-33.4%)
6.57B
est: 9.85B (-33.3%)
4.85B
est: 7.66B (-36.6%)
6.39B
est: 9.91B (-35.5%)
7.70B
est: 11.04B (-30.3%)
9.82B
est: 13.01B (-24.5%)
11.87B
est: 11.36B (+4.5%)
12.23B
11.77B – 12.48B
+7.7% YoY
14.10B
13.91B – 14.41B
+15.2% YoY
16.38B
15.58B – 17.38B
+16.2% YoY
18.66B
18.05B – 19.47B
+13.9% YoY
20.79B
20.12B – 21.69B
+11.4% YoY
EPS
8.95
est: 19.16 (-53.3%)
-5.84
est: -6.11 (+4.3%)
2.17
est: 7.53 (-71.2%)
4.20
est: 5.76 (-27.1%)
3.01
est: 3.46 (-13.0%)
5.50
est: 7.03 (-21.8%)
6.45
est: 7.12 (-9.4%)
7.79
est: 8.92 (-12.7%)
9.90
est: 7.74 (+27.9%)
7.44
est: 11.19 (-33.5%)
5.21
est: 4.99 (+4.4%)
8.71
est: 8.58 (+1.6%)
20.79
est: 14.34 (+45.0%)
20.81
est: 19.84 (+4.9%)
28.76
est: 29.72 (-3.2%)
26.74
24.15 – 30.59
-10.0% YoY
33.02
29.84 – 34.98
+23.4% YoY
41.74
36.75 – 50.06
+26.4% YoY
48.15
46.11 – 50.85
+15.3% YoY
52.40
50.18 – 55.34
+8.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.04B
OE per share TTM
9.92
Owner's Yield
0.57%
Maintenance CapEx ratio
10.79%
Maint CapEx / Avg PPE
11.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 24 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard Emerging Markets Ex-China ETF VEXC 0.03% 64.7K 0.07%
2 Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating VFEA.L 0.02% 1.20M 0.17%
3 Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing VDEM.L 0.02% 1.20M 0.17%
4 Schwab Emerging Markets Equity ETF SCHE 0.02% 2.54M 0.06%
5 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.02% 584.6K 0.26%
6 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.02% 259.2K 0.48%
7 Vanguard FTSE Emerging Markets ETF VWO 0.02% 28.85M 0.06%
8 Vanguard FTSE Asia ex Japan Shares Index ETF VAE.AX 0.02% 106.1K 0.40%
9 Vanguard ESG International Stock ETF VSGX 0.01% 416.3K 0.10%
10 Vanguard All-World ex-US Shares Index ETF VEU.AX 0.01% 231.8K 0.04%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.37M
Shares Outstanding
205.59M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Vir S. Advani Chairman & MD 171M male
Thiagarajan MD & Executive Director 138M male
Girish Hingorani Vice President of Marketing (Unitary Cooling Products) & Corporate Communications
Nikhil Sohoni Group Chief Financial Officer male
Rajesh Digambar Parte Company Secretary & Compliance Officer male
Sanjeev Agrawal Group Chief Technology Officer male
Udit Pahwa Chief Information Officer
Arun Rajan Group Chief Human Resources Officer male
Wilson Jebaraj Executive Vice President - Electro-Mechanical Projects & Customer Service
C. Haridas Executive Vice President of All India Sales, Unitary Cooling Products Group
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits