MarketFriction

Blue Star Ltd

NSE BLUESTARCO · BSE 500067 · Household Appliances
₹1,459.60 -3.85%
NSE close2026-10-01
52 week range1,432.30 - 2,032.90
Market cap₹31,449 Cr.
P/E59.4
Results 29-10 Nifty 200Nifty 500Nifty Midcap 100Midcap 150Nifty Consumer Durables No price band Delivery 45.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,8902,2413,3282,8652,2762,8074,0192,9822,4222,9254,0723,378
Expenses1,7682,0863,0862,6282,1272,5993,7402,7842,2402,7053,7463,203
Operating Profit123155242238149209279199182220326175
OPM %6%7%7%8%7%7%7%7%8%8%8%5%
Other Income131313241921241610-444530
Interest1810128616191017222313
Depreciation232328283035354143464857
Profit before tax95134214226131179249163132108300135
Tax %26%25%25%25%27%26%22%26%25%25%24%24%
Net Profit71100160169961321941219981227103
EPS in Rs3.444.887.818.214.686.459.425.884.823.9211.044.99
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,7984,3854,6395,2355,3604,2646,0647,9779,68511,96812,40212,798
Expenses3,6314,1624,3724,8875,0774,0245,7177,4789,01711,08911,46911,894
Operating Profit167223266348283240347500669879933903
OPM %4.4%5%6%7%5%6%6%6%7%7%8%7%
Other Income6634222640623619544832141
Interest433829482965465558497276
Depreciation576164758892868598128179194
Profit before tax132159196251206145251555557785703674
Tax %21%23%25%17%32%32%33%28%26%25%25%
Net Profit106123144190144101168401414591527509
EPS in Rs5.826.447.509.877.445.218.7120.7920.1828.7525.6624.77
Dividend Payout %56%58%67%51%67%38%57%29%35%31%33%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%24%16%6%
Compounded Profit Growth18%50%26%-1%
Stock Price CAGR19%27%20%-19%
Return on Equity19%20%19%17%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital181819191919191919414141
Reserves4386127387748547638669981,3112,5693,0243,390
Borrowings398365221376348520510554662243381810
Other Liabilities1,3221,5301,6722,0682,1302,1372,1542,7413,4553,7584,8034,325
Total Liabilities2,1752,5252,6503,2363,3513,4393,5494,3135,4476,6118,2498,567
Fixed Assets2572593563924004443844338591,1651,5361,697
CWIP2216342541677215283127123137
Investments3624211131517295162148267432457
Other Assets1,8602,0072,2502,8062,8952,9112,7993,5654,3575,0536,1586,276
Total Assets2,1752,5252,6503,2363,3513,4393,5494,3135,4476,6118,2498,567
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2152571591925845735087243289688154
Cash from Investing Activity-49-4869-88-65-88-238-67-178-524-463-354
Cash from Financing Activity-190-195-20351-181-167-70-82-76365-162137
Net Cash Flow-241325-181320242-62-1113063-63
Free Cash Flow18020852-73180376367-13126-144319-169
CFO/OP143%173%70%24%84%192%150%36%67%64%99%35%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days827678757857697271746063
Inventory Days7910497152119116143125127106131131
Days Payable146211191228211211260223223198209177
Cash Conversion Cycle15-31-16-2-14-38-48-26-25-18-1816
Working Capital Days-12-17688-13-162201620
ROCE %15%20%20%20%25%19%13%20%25%26%26%21%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters36.49%36.50%36.50%36.53%36.46%36.46%36.47%36.48%36.48%36.48%36.48%36.49%
FIIs14.89%15.38%15.93%17.04%18.06%18.48%16.94%16.21%16.05%14.66%13.80%12.75%
DIIs25.24%24.82%24.69%23.56%22.84%22.19%23.13%23.37%25.32%26.76%27.78%28.24%
Public23.39%23.29%22.89%22.85%22.63%22.86%23.44%23.91%22.12%22.08%21.92%22.49%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%
No. of Shareholders59,44465,46572,94983,16794,6411,06,7761,29,5551,48,9321,17,7341,11,2151,11,8521,20,369

Fundamentals

Market Cap₹ 31,449 Cr.
Current Price₹ 1,530
Stock P/E59.4
Book Value₹ 167
ROCE21.2 %
ROE17.2 %
Dividend Yield0.56 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)-1%
Consolidated figures.
Valuation
Market capRs 30,012 Cr
Enterprise valueRs 30,419 Cr
P/E (TTM)58.94x
Price to book8.75x
Price to sales2.35x
EV / EBITDA32.22x
EV / EBIT40.56x
EV / sales2.38x
Price to cash flow195.12x
Earnings yield1.70%
Dividend yield0.58%
P/E, 3-year average66.72x
P/B, 3-year average11.34x
P/E, 5-year average49.39x
P/B, 5-year average8.80x
Profitability
Operating margin (excl. other income)7.52%
Operating margin (incl. other income)7.69%
EBITDA margin7.38%
Pre-tax margin5.27%
Net profit margin3.98%
Net margin, latest quarter3.03%
ROE16.25%
ROCE20.17%
ROA6.28%
ROE, 3-year average19.38%
ROCE, 3-year average24.01%
ROA, 3-year average7.04%
ROE, 5-year average21.98%
ROCE, 5-year average25.26%
ROA, 5-year average6.72%
ROIC (approx.)14.65%
Tax rate25.00%
Other income / net worth0.61%
Growth
Sales growth (latest year)3.63%
Profit growth (latest year)-10.75%
Sales CAGR, 3 years15.85%
Sales CAGR, 5 years23.81%
Profit CAGR, 3 years9.63%
Profit CAGR, 5 years39.37%
Sales growth QoQ-17.05%
Profit growth QoQ-54.86%
Sales growth YoY (latest quarter)13.27%
Profit growth YoY (latest quarter)-15.26%
Per share
EPS (TTM)Rs 24.77
EPS (latest year)Rs 25.66
EPS (latest quarter)Rs 4.99
EPS, 3-year averageRs 24.87
EPS, 5-year averageRs 26.72
Book value per shareRs 166.89
Sales per shareRs 622.41
Cash flow per shareRs 7.48
Free cash flow per shareRs -8.22
Dividend per share (latest year)Rs 8.50
Dividend per share, 3-year averageRs 8.17
Dividend per share, 5-year averageRs 9.30
Dividends
Dividend payout33.12%
Dividend payout, 3-year average33.03%
Dividend payout, 5-year average37.08%
Efficiency
Asset turnover1.45x
Fixed asset turnover7.31x
Inventory turnover4.48x
Inventory days81 days
Debtor days63 days
Debtors turnover5.80x
Creditor days177 days
Cash conversion cycle16 days
Working capital days20 days
Leverage
Total debtRs 810 Cr
Cash and bankRs 402 Cr
Net debtRs 408 Cr
Debt to equity0.24x
Net debt / EBITDA0.43x
Interest coverage9.93x
Current ratio (filing 2026-03-31)1.31x
Quick ratio (filing 2026-03-31)0.87x
Trade payables (filing 2026-03-31)Rs 2,943 Cr
Owners' fund to total sources40.06%
Debt to assets9.46%
Cash flow
Cash from Operating Activity (latest year)Rs 154 Cr
Cash from Investing Activity (latest year)Rs -354 Cr
Cash from Financing Activity (latest year)Rs 137 Cr
Net Cash Flow (latest year)Rs -63 Cr
Free cash flow (latest year)Rs -169 Cr
FCFE (approx.: FCF + change in debt)Rs 260 Cr
Cash from ops / profit, 5 years0.70x
Sales to cash flow80.63x
Statement figures
Net sales (TTM)Rs 12,798 Cr
Net sales (latest year)Rs 12,402 Cr
Sales (latest quarter)Rs 3,378 Cr
Operating profit excl. other income (latest year)Rs 933 Cr
Operating profit (latest quarter)Rs 175 Cr
Other income (TTM)Rs 41 Cr
EBITDA (TTM)Rs 944 Cr
PBDT (TTM)Rs 869 Cr
Profit before tax (TTM)Rs 674 Cr
Tax (latest year)Rs 176 Cr
Net profit (TTM)Rs 509 Cr
Net profit (latest year)Rs 528 Cr
Net profit (latest quarter)Rs 102 Cr
Depreciation (TTM)Rs 194 Cr
Depreciation (latest quarter)Rs 57 Cr
Interest (TTM)Rs 76 Cr
Cost of goods sold (latest year)Rs 9,702 Cr
Total expenditure (latest year)Rs 11,469 Cr
Total income (latest year)Rs 12,423 Cr
Share capitalRs 41 Cr
ReservesRs 3,390 Cr
Shareholders' fundsRs 3,431 Cr
Total assetsRs 8,567 Cr
Net blockRs 1,697 Cr
Capital work in progressRs 137 Cr
InvestmentsRs 457 Cr
ReceivablesRs 2,140 Cr
InventoryRs 2,166 Cr
Other liabilitiesRs 4,325 Cr
Shares outstanding (crore)20.56
Ownership
Promoter holding36.49% (+0.01 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 58.9 is at the 41th percentile of its own 9.4-year range (median 62.5, low 24.9, high 116.4).
P/B 8.75 is at the 16th percentile (median 10.88).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBLUESTARCONifty 50Difference
1 week-4.3%-2.8% -1.5 pts
1 month-2.1%-6.8% +4.7 pts
3 months-7.8%-7.6% -0.2 pts
6 months-9.4%+0.4% -9.8 pts
1 year-24.3%-9.9% -14.3 pts
2 years-27.5%-13.6% -13.9 pts
3 years+66.8%+14.2% +52.6 pts
5 years+221.0%+27.9% +193.1 pts
180 mutual fund schemes hold about ₹6,870 Cr. Over three months 33 bought more and 115 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Kotak Mid Cap Fund1.09%775 -7%
SBI Multicap Fund1.50%367 -6%
Axis Small Cap Fund1.13%355 -9%
Nippon India Small Cap Fund0.35%293 -7%
Kotak Large & Mid Cap Fund0.91%293 -6%
Nippon India Multi Cap Fund0.52%290 +56%
Nippon India Growth Mid Cap Fund0.51%265 -8%
ICICI Pru Flexi Cap Fund1.02%265 +43%
Kotak Small Cap Fund1.03%203 -7%
UTI Mid Cap Fund1.32%168 -8%
Axis Midcap Fund0.48%165 -48%
ICICI Pru Multi Cap Fund0.84%164 -9%
Canara Rob Small Cap Fund1.08%158 -21%
ICICI Pru Multi Cap Fund0.84%157 -9%
ICICI Pru Large & Mid Cap Fund0.44%149 +1984%
HDFC Multi Cap Fund0.66%136 +28%
ICICI Pru Innovation Fund1.69%133 +8%
HDFC Large & Mid Cap Fund0.40%121 -6%
PGIM India Midcap Fund1.00%112 -18%
Edelweiss Mid Cap Fund0.52%103 -13%
Aditya Birla SL Balanced Advantage Fund1.00%102 -9%
Nippon India Vision Large & Mid Cap Fund1.20%95 -8%
Bajaj Finserv Flexi Cap Fund1.15%94 -20%
Mahindra Manulife Mid Cap Fund1.58%86 -8%
Axis Large & Mid Cap Fund0.49%84 +16%

Red flags

F-score 4 of 8
explainDebt up, profit down Borrowings up 113% while net profit fell in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-03-04Haridas C-sell9,000Rs 0.82 CrMarket Sale
2021-03-01Haresh K Khatwani-sell1,150Rs 0.11 CrMarket Sale
2021-02-26Haresh K Khatwani-sell900Rs 0.08 CrMarket Sale
2021-02-25Haresh K Khatwani-sell300Rs 0.03 CrMarket Sale
2021-02-03Haresh K Khatwani-sell650Rs 0.06 CrMarket Sale
2020-12-24Nanik Family TrustPromoter Groupother528,642Inter-se-Transfer
2020-12-24Nanik Family Trust 2Promoter Groupother528,639Inter-se-Transfer
2020-12-24Mr. Nanik R VaswaniPromoter Groupother1,057,281Inter-se-Transfer
2020-12-24Mr. Nanik R VaswaniPromoter Groupother124,880Inter-se-Transfer
2020-12-24Ms Suneeta N VaswaniPromoter Groupother1,182,160Inter-se-Transfer
2020-12-24SUNEETA FAMILY TRUSTPromoter Groupother528,640Inter-se-Transfer
2020-12-24SUNEETA FAMILY TRUST 2Promoter Groupother528,640Inter-se-Transfer
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹3,378 Cr +13.3% vs Jun 2025. Net profit ₹103 Cr -14.9%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 8.50 Per Share
2025-07-18Dividend - Rs 9 Per Share
2024-07-19Dividend - Rs 7 Per Share
2023-07-21Dividend - Rs 6 Per Share
2023-06-20Bonus 1:10.5000
2022-07-21Dividend - Rs 10 Per Share
2021-07-22 Dividend - Rs 4 Per Share
2020-03-19 Interim Dividend - Rs 10 Per Share
2019-08-01 Annual General Meeting/Dividend - Rs 10 Per Share
2018-07-26 Annual General Meeting/ Final Dividend- Rs 8.50 Per Share/ Special Dividend- Rs 1.50 Per Share
2017-07-26 Annual General Meeting/Dividend - Rs 7.50 Per Share
2016-07-14 Annual General Meeting
2016-03-22 Interim Dividend - Rs 6.50/- Per Share
2015-07-10Annual General Meeting/Dividend - Rs 5/- Per Share
2014-07-10Annual General Meeting / Dividend - Rs 4/- Per Share
2013-07-05Annual General Meeting / Dividend Rs.2/- Per Equity Share + Special Dividend Re.1/- Equity Share
2012-07-16Annual General Meeting/Dividend Re 1 Per Share
2011-07-14Annual General Meeting And Dividend Rs.7/- Per Share
2010-07-12Annual General Meeting And Dividend Rs.8/- Per Share
2009-07-13Agm/Div-Rs.7/- Per Share
2008-07-14Agm/Dividend - 350%
2007-07-23Agm/Dividend - 30%
2007-03-21Int Div-Rs.2.40 Per Sharepurpose Revised
2006-09-20Fv Split Rs.10/- To Rs.2/0.2000
2006-07-17Agm/Div-Rs.12/- Per Sh
DateTypeWhat it says
2026-09-16Concall / analyst meetSchedule of meet
2026-09-16Shareholder meetingNotice of Postal Ballot
2026-09-15UpdatesUpdate under Regulation 30 of Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-09-05Concall / analyst meetSchedule of meet
2026-09-02Disclosure of material issueBlue Star Limited has informed regarding Update on completion of sale and transfer of MedTech business of Blue Star Engineering & Electronics Limited,...
2026-08-14Sale or disposalExecution of Business Transfer Agreement by Blue Star Engineering & Electronics Limited, a wholly owned subsidiary of the Company
2026-08-13Concall / analyst meetTranscript
2026-08-07General UpdatesCommunication to shareholders Financial Results for the First Quarter ended on June 30, 2026
2026-08-07Concall / analyst meetLink of Recording
2026-08-07Shareholder meetingVoting results.
2026-08-07Concall / analyst meetPresentation
2026-08-07UpdatesInvestor Update for the First Quarter ended on June 30, 2026.
2026-08-07Investor PresentationInvestor Presentation
2026-08-06Shareholder meetingProceedings of Annual General Meeting held on August 06, 2026
2026-08-06Press ReleaseA press release dated August 06, 2026, titled "Blue Stars Q1FY27 Consolidated Revenue grows 13.3% to Rs 3,377.92 crores; rising input costs impact mar...
2026-08-06Board meeting outcomeOutcome of Board Meeting held on August 06, 2026.
2026-08-06AppointmentAppointment of Mr Nikhilesh Panchal as Independent Director of the company w.e.f. August 14, 2026.
2026-08-06Board meeting outcomeBlue Star Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-05Concall / analyst meetSchedule of meet
2026-07-30Concall / analyst meetSchedule of meet
2026-07-23LitigationPendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-07-13Shareholder meetingNotice of Annual General Meeting to be held on August 06, 2026
2026-07-13General UpdatesIntimation under Regulations 30 and 36 of the Securities and Exchange Boardof India (Listing Obligations and Disclosure Requirements) Regulations, 201...
2026-07-13General UpdatesBusiness Responsibility and Sustainability Report for the Financial Year 2025-26
2026-07-13Shareholder meetingNotice of undefined to be held on August 06, 2026
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.59
Max pain (expiry 2026-10-27)1,500
Largest call open interest at1,600
Largest put open interest at1,420
Implied volatility, at the money37.7%
Underlying at snapshot1,459.60
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-301,298
2026-09-29335
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-15NCLTM/s. Blue Star Ltd. Vs M/s. Upal Buildtech Pvt. Ltd.
2021-07-02NCLTM/s. Blue Star Limited Vs Chempharm Industries India Private Limited.
2021-04-13NCLTM/s. Blue Star Ltd. Vs M/s. Upal Buildtech Pvt. Ltd.
2021-03-26NCLTBlue star buildprop Pvt Ltd Vs Earth Water limited
2021-03-16NCLTM/s. Blue Star Ltd. Vs M/s. Upal Buildtech Pvt. Ltd.
2021-02-25NCLTM/s. Blue Star Ltd. Vs M/s. Upal Buildtech Pvt. Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Blue Star Ltd?

Blue Star Ltd (BLUESTARCO) has a market capitalisation of Rs 31,449 Cr. at the 2026-10-01 close.

What is the P/E ratio of Blue Star Ltd?

Blue Star Ltd trades at a P/E of 59.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Blue Star Ltd's latest quarterly results?

In the Jun 2026 quarter, Blue Star Ltd sales was Rs 3,378 Cr (+13.3% vs Jun 2025) and net profit was Rs 103 Cr.

What is the 52-week high and low of Blue Star Ltd?

The 52-week high is Rs 2,032.90 and the 52-week low is Rs 1,432.30.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03