Blue Star Limited
NSE: BLUESTARCO · Household Appliances · sector
₹1,504.50NSE close 2026-10-26
Key numbers
Market cap₹30,933 cr
Price₹1,504.50
52w high / low₹2,033 / ₹1,432
P/E60.8xSector median 41.4x
P/B9.0xSector median 4.5x
Book value₹166.9
Dividend yield0.59%Sector median 0.69%
ROE15.7%Sector median 10.0%
ROCE18.4%Sector median 11.2%
OPM6.8%Sector median 6.7%
Debt / equity0.18xSector median 0.03x
EV/EBITDA35.1xSector median 20.9x
Interest cover9.9x
Current ratio1.31x
Sales growth 3y+15.8%Sector median +7.1%
Profit growth 3y+9.6%Sector median +9.6%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 23 companies in Household Appliances (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹837 cr vs borrowings ₹627 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 9.9x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 13% of net profit in the last 12 months.
- Debtor days went from 74 (FY24) to 63 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,504.50 on 2026-10-26: -26.0% from the 52-week high, +5.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹2,337.55 · low ₹1,445.30
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,276 | 2,807 | 4,019 | 2,982 | 2,422 | 2,925 | 4,072 | 3,378 |
| EBITDA | 149 | 222 | 279 | 200 | 183 | 164 | 344 | 184 |
| OPM % | 6.6% | 7.9% | 7.0% | 6.7% | 7.6% | 5.6% | 8.4% | 5.5% |
| Other income | 19 | 9 | 24 | 16 | 10 | 12 | 24 | 21 |
| Net profit | 96 | 133 | 194 | 121 | 99 | 81 | 227 | 102 |
| EPS (₹) | 4.67 | 6.44 | 9.44 | 5.88 | 4.80 | 3.92 | 11.05 | 4.99 |
| Revenue YoY | +6.4% | +4.2% | +1.3% | +13.3% | ||||
| Profit YoY | +2.9% | -39.2% | +17.3% | -15.3% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 6,046 | 7,977 | 9,685 | 11,968 | 12,402 | 12,798 |
| EBITDA | 346 | 664 | 665 | 888 | 892 | 876 |
| Net profit | 168 | 400 | 414 | 591 | 528 | 509 |
| EPS (₹) | 17.44 | 41.60 | 20.77 | 28.76 | 25.65 | 24.76 |
| Revenue growth | +32.0% | +21.4% | +23.6% | +3.6% | +5.9% | |
| Profit growth | +138.8% | +3.5% | +42.7% | -10.8% | -6.3% | |
| Dividend / share (₹) | 4.00 | 10.00 | 6.00 | 7.00 | 9.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +15.8% | +23.8% | +5.9% |
| Net profit | +9.6% | +39.3% | -6.3% |
| EPS | -14.9% | +19.7% | – |
| Share price | – | -12.2% (2y) | -20.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,331 | 2,610 | 3,065 | 3,431 |
| Borrowings | – | 578 | 167 | 199 | 627 |
| Cash & equivalents | – | 377 | 626 | 846 | 837 |
| Total assets | – | 5,399 | 6,618 | 8,258 | 8,576 |
| Fixed assets | – | 706 | 980 | 1,234 | 1,361 |
| Capital work in progress | – | 61 | 108 | 73 | 65 |
| Investments | – | 0 | 201 | 0 | 22 |
| Receivables | – | 1,549 | 1,953 | 1,959 | 2,140 |
| Inventory | – | 1,433 | 1,407 | 2,149 | 2,166 |
| Payables | – | 2,511 | 2,617 | 3,428 | 2,943 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 92 | 247 | 289 | 688 | 154 |
| Cash from investing | -69 | -182 | -525 | -464 | -359 |
| Cash from financing | -87 | -91 | 365 | -162 | 137 |
| Capex | 218 | 360 | 441 | 372 | 329 |
| Free cash flow | -126 | -113 | -152 | 316 | -175 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 30.1% | 15.9% | 19.3% | 15.4% |
| ROCE % | – | 31.9% | 22.1% | 25.6% | 19.1% |
| Debtor days | – | 71 | 74 | 60 | 63 |
| Inventory days | – | 85 | 69 | 86 | 83 |
| Payable days | – | 148 | 129 | 138 | 113 |
| Cash conversion cycle (days) | – | 8 | 14 | 8 | 33 |
| Working capital days | – | 21 | 44 | 42 | 45 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 36.50% |
| FIIs | 12.29% |
| DIIs | 29.11% |
| of which Mutual funds | 21.65% |
| of which Insurance | 6.88% |
| Public (non-institutions) | 22.08% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 36.46% | 36.47% | 36.49% | 36.49% | 36.49% | 36.49% | 36.50% | 36.50% |
| Promoter group | % |
|---|---|
| Vistra ITCL (India) Limited as a Trustee of Ashok M Advani Family Private Trust | 11.63% |
| Vistra ITCL (India) Limited as a Trustee of SMA Family Private Trust | 7.57% |
| Vistra ITCL (India) Limited as a Trustee of NSA Family Trust | 2.24% |
| Vistra ITCL (India) Limited as a Trustee of SNA Family Trust | 2.24% |
| Rohina Lulla | 2.12% |
| Anissa Khanna | 2.07% |
| Suneel Mohan Advani | 1.19% |
| Nargis Suneel Advani | 1.11% |
| Vir S Advani | 1.10% |
| Sunaina Murthy | 1.04% |
| Suneeta Nanik Vaswani | 0.80% |
| Ashok Mohan Advani as a Trustee of Suneeta Padmi Trust | 0.57% |
| Dinesh Nanik Vaswani as a Trustee of Nanik Family Trust | 0.57% |
| Dinesh Nanik Vaswani as a Trustee of Suneeta Family Trust 2 | 0.57% |
| Dinesh Nanik Vaswani as a Trustee of Suneeta Family Trust | 0.57% |
| Public holders above 1% | % |
|---|---|
| ICICI Prudential Multicap Fund | 3.87% |
| Kotak Midcap Fund | 3.63% |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 3.49% |
| SBI Life Insurance Co. Ltd | 2.46% |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund | 2.35% |
| UTI Nifty 500 ExchangeTraded Fund | 1.51% |
| Life Insurance Corporation Of India | 1.40% |
| SBI Multicap Fund | 1.23% |
| Fidelity Funds - India Focus Fund | 1.11% |
1,18,413 shareholders. Pledged: 0.00% of promoter shares.
Peers in Household Appliances
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LGEINDIA | ₹1,10,056 cr | 60.3x | 14.4x | 23.8% | 33.0% | 10.1% | – | – |
| VOLTAS | ₹31,347 cr | 69.8x | 4.9x | 7.0% | 11.8% | 4.7% | +14.5% | 0.74% |
| BLUESTARCO | ₹30,933 cr | 60.8x | 9.0x | 15.7% | 18.4% | 6.8% | +15.8% | 0.59% |
| AMBER | ₹20,836 cr | 216.5x | 4.8x | 2.9% | 8.7% | 6.7% | +20.7% | – |
| CROMPTON | ₹12,488 cr | – | 4.1x | -5.5% | 1.6% | 1.8% | +5.6% | 1.54% |
| VGUARD | ₹11,619 cr | 32.0x | 4.9x | 16.3% | 20.7% | 9.1% | +13.1% | 0.56% |
| WHIRLPOOL | ₹10,192 cr | 40.6x | 2.5x | 6.2% | 9.2% | 4.6% | +6.4% | 0.63% |
| TTKPRESTIG | ₹7,197 cr | 37.2x | 3.6x | 10.0% | 13.8% | 9.3% | +2.3% | 1.14% |
| EUREKAFORB | ₹5,880 cr | 32.7x | 1.3x | 4.0% | 5.5% | 10.7% | – | – |
| BOSCH-HCIL | ₹4,658 cr | 1,070.7x | 9.3x | 0.8% | 3.9% | 1.9% | +4.2% | 2.96% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Unitary products | ₹5,332 cr | 94.6% | ₹435 cr | 8.2% |
| Professional electronics and industrial systems | ₹307 cr | 5.4% | ₹35 cr | 11.4% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-17 | Dividend | Dividend - Rs 8.50 Per Share |
| 2025-07-18 | Dividend | Dividend - Rs 9 Per Share |
| 2024-07-19 | Dividend | Dividend - Rs 7 Per Share |
| 2023-07-21 | Dividend | Dividend - Rs 6 Per Share |
| 2023-06-20 | Bonus | Bonus 1:1 |
| 2022-07-21 | Dividend | Dividend - Rs 10 Per Share |
| 2021-07-22 | Dividend | Dividend - Rs 4 Per Share |
| 2020-03-19 | Dividend | Interim Dividend - Rs 10 Per Share |
| 2019-08-01 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2018-07-26 | Dividend | Annual General Meeting/ Final Dividend- Rs 8.50 Per Share/ Special Dividend- Rs 1.50 Per Share |
| 2017-07-26 | Dividend | Annual General Meeting/Dividend - Rs 7.50 Per Share |
| 2016-07-14 | Other | Annual General Meeting |
| 2016-03-22 | Dividend | Interim Dividend - Rs 6.50/- Per Share |
| 2015-07-10 | Dividend | Annual General Meeting/Dividend - Rs 5/- Per Share |
| 2014-07-10 | Dividend | Annual General Meeting / Dividend - Rs 4/- Per Share |
| 2013-07-05 | Dividend | Annual General Meeting / Dividend Rs.2/- Per Equity Share + Special Dividend Re.1/- Equity Share |
| 2012-07-16 | Dividend | Annual General Meeting/Dividend Re 1 Per Share |
| 2011-07-14 | Dividend | Annual General Meeting And Dividend Rs.7/- Per Share |
| 2010-07-12 | Dividend | Annual General Meeting And Dividend Rs.8/- Per Share |
| 2009-07-13 | Other | Agm/Div-Rs.7/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Project Execution and Commercial Air Conditioning Systems: Electro-Mechanical Projects and Commercial Air Conditioning Systems.
- Manufacturing, trading and after-sales service: Unitary Products (room air conditioners, commercial refrigeration products and systems, water purifiers, air purifiers and air coolers).
| Sector | Consumer Discretionary |
| Industry | Household Appliances |
| Sub-industry | Household Appliances |
| Symbol | BLUESTARCO |
| BSE code | 500067 |
| ISIN | INE472A01039 |
| Face value | ₹2.0 |
| Incorporated | 1949-01-20 |
| Website | www.bluestarindia.com |
| Plants (India / abroad) | 5 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.