Blue Star Ltd

Blue Star Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Blue Star Ltd

₹ 1,584 -1.65%
21 May 12:41 p.m.
bluestarindia.com BSE: 500067 NSE: BLUESTARCO
About

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]

Key Points

Business Segments
1 Electro-Mechanical Projects: Large central AC & ventilation projects, Fire-fighting projects, Water projects, Plumbing projects, Electrical projects and Railway electrification.[1]
2 Commercial Air Conditioning: Blue Star is the market leader in Conventional and Inverter Ducted Air Conditioning Systems and Scroll Chillers and is at the second position in VRFs and Screw Chillers
3 Unitary products: ACs, Air Coolers, Water Purifiers, Commercial Refrigeration etc. Products available in 8,800 outlets in 650+ locations.
4 Professional Electronics and Industrial Systems (PE&IS): Specialized Technology Solutions, Engineered Turnkey Projects, Value-Enhancing Services, MedTech Solutions, Data
Security Solutions, Industrial Solutions.[2]

Website BSE NSE
  • Market Cap ₹ 32,562 Cr.
  • Current Price ₹ 1,584
  • High / Low ₹ 2,420 / 1,469
  • Stock P/E 56.0
  • Book Value ₹ 149
  • Dividend Yield 0.42 %
  • ROCE 26.0 %
  • ROE 20.5 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 32.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 31.6%

Cons

  • Stock is trading at 10.8 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Consumer Durables Industry: Air-conditioners

Part of BSE 500 BSE Consumer Durables Nifty 500 BSE SmallCap Nifty Alpha 50

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
2,254 1,977 1,582 1,794 2,624 2,226 1,890 2,241 3,328 2,865 2,276 2,807 4,019
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
Operating Profit 143 123 86 104 179 145 123 155 242 238 149 209 279
OPM % 6% 6% 5% 6% 7% 7% 6% 7% 7% 8% 7% 7% 7%
7 11 9 5 179 9 13 13 13 24 19 21 24
Interest 13 11 12 14 18 18 18 10 12 8 6 16 19
Depreciation 23 22 24 16 23 23 23 23 28 28 30 35 35
Profit before tax 114 101 58 80 317 114 95 134 214 226 131 179 249
Tax % 33% 26% 26% 27% 29% 27% 26% 25% 25% 25% 27% 26% 22%
76 74 43 58 225 83 71 100 160 169 96 132 194
EPS in Rs 3.95 3.86 2.21 3.03 11.70 4.33 3.44 4.88 7.81 8.21 4.68 6.45 9.42
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,934 3,182 3,798 4,385 4,639 5,235 5,360 4,264 6,064 7,977 9,685 11,968
2,784 3,014 3,631 4,162 4,372 4,887 5,077 4,024 5,717 7,478 9,017 11,093
Operating Profit 150 168 167 223 266 348 283 240 347 500 669 875
OPM % 5% 5% 4% 5% 6% 7% 5% 6% 6% 6% 7% 7%
18 -34 66 34 22 26 40 65 36 195 44 88
Interest 54 49 43 38 29 48 29 65 46 55 58 49
Depreciation 38 43 57 61 64 75 88 92 86 85 98 128
Profit before tax 76 43 132 159 196 251 206 148 251 555 557 785
Tax % 3% -18% 21% 23% 25% 17% 32% 32% 33% 28% 26% 25%
78 54 106 123 144 190 144 101 168 401 414 591
EPS in Rs 4.31 3.01 5.82 6.44 7.50 9.87 7.44 5.21 8.71 20.79 20.18 28.75
Dividend Payout % 46% 83% 56% 58% 67% 51% 67% 38% 57% 29% 35% 31%
Compounded Sales Growth
10 Years: 14%
5 Years: 17%
3 Years: 25%
TTM: 24%
Compounded Profit Growth
10 Years: 20%
5 Years: 32%
3 Years: 52%
TTM: 40%
Stock Price CAGR
10 Years: 25%
5 Years: 48%
3 Years: 47%
1 Year: 2%
Return on Equity
10 Years: 19%
5 Years: 20%
3 Years: 21%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 18 18 18 19 19 19 19 19 19 19 41 41
Reserves 443 438 612 738 774 854 763 866 998 1,311 2,569 3,024
512 398 365 221 376 348 520 510 554 662 243 381
1,363 1,322 1,530 1,672 2,068 2,130 2,137 2,154 2,741 3,455 3,758 4,811
Total Liabilities 2,336 2,175 2,525 2,650 3,236 3,351 3,439 3,549 4,313 5,447 6,611 8,258
255 257 259 356 392 400 444 384 433 859 1,165 1,586
CWIP 15 22 16 34 25 41 67 72 152 83 127 73
Investments 33 36 242 11 13 15 17 295 162 148 267 432
2,032 1,860 2,007 2,250 2,806 2,895 2,911 2,799 3,565 4,357 5,053 6,167
Total Assets 2,336 2,175 2,525 2,650 3,236 3,351 3,439 3,549 4,313 5,447 6,611 8,258

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
67 215 257 159 19 258 450 350 87 243 289 688
11 -49 -48 69 -88 -65 -81 -238 -67 -178 -524 -464
-26 -190 -195 -203 51 -181 -167 -70 -82 -76 365 -162
Net Cash Flow 52 -24 13 25 -18 13 202 42 -62 -11 130 62

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 96 82 76 78 75 78 57 69 72 71 74 60
Inventory Days 125 79 104 97 152 119 116 143 125 127 106 86
Days Payable 222 146 211 191 228 211 211 260 223 223 198 138
Cash Conversion Cycle -2 15 -31 -16 -2 -14 -38 -48 -26 -25 -18 8
Working Capital Days 53 31 16 22 35 31 16 10 22 22 27 36
ROCE % 14% 15% 20% 20% 20% 25% 19% 13% 20% 25% 26% 26%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
38.78% 38.79% 38.79% 38.79% 38.91% 36.49% 36.50% 36.50% 36.53% 36.46% 36.46% 36.47%
12.25% 11.79% 10.96% 10.45% 11.06% 14.89% 15.38% 15.93% 17.04% 18.06% 18.48% 16.94%
22.06% 23.07% 24.64% 25.13% 24.51% 25.24% 24.82% 24.69% 23.56% 22.84% 22.19% 23.13%
26.92% 26.36% 25.63% 25.65% 25.54% 23.39% 23.29% 22.89% 22.85% 22.63% 22.86% 23.44%
No. of Shareholders 58,30648,63448,10956,94058,54659,44465,46572,94983,16794,6411,06,7761,29,555

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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