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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]
Business Segments1Electro-Mechanical Projects: Large central AC & ventilation projects, Fire-fighting projects, Water projects, Plumbing projects, Electrical projects and Railway electrification.[1]2Commercial 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 Chillers3Unitary products: ACs, Air Coolers, Water Purifiers, Commercial Refrigeration etc. Products available in 8,800 outlets in 650+ locations.4Professional Electronics and Industrial Systems (PE&IS): Specialized Technology Solutions, Engineered Turnkey Projects, Value-Enhancing Services, MedTech Solutions, DataSecurity Solutions, Industrial Solutions.[2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | LG Electronics | 1605.60 | 53.04 | 108983.70 | 0.00 | 389.43 | -27.30 | 6174.03 | 0.98 | 56.83 | 24366.64 | 12.78 | 2200.92 | 389.43 | – | 21.99 | 0.07 |
| 2. | Voltas | 1329.40 | 80.28 | 43987.82 | 0.53 | 31.50 | -74.41 | 2347.32 | -10.38 | 17.64 | 14158.57 | 4.61 | 547.90 | 34.29 | 6.91 | 6.56 | 0.28 |
| 3. | Blue Star | 1752.40 | 83.28 | 36031.94 | 0.51 | 69.91 | -17.42 | 2294.52 | 7.93 | 22.81 | 11627.37 | 6.15 | 432.65 | 69.91 | 12.64 | 7.03 | 0.41 |
| 4. | Amber Enterp. | 6750.00 | 106.49 | 23741.13 | 0.00 | -32.15 | -271.15 | 1647.01 | -2.24 | 14.49 | 10983.17 | 6.97 | 222.95 | -32.86 | 6.51 | 3.37 | 0.77 |
| 5. | Crompton Gr. Con | 258.90 | 34.25 | 16670.96 | 1.16 | 75.42 | -31.79 | 1915.57 | 1.02 | 19.01 | 7743.80 | 10.36 | 486.80 | 85.19 | 4.91 | 9.09 | 0.05 |
| 6. | V-Guard Industri | 338.00 | 50.77 | 14748.45 | 0.44 | 65.29 | 3.00 | 1340.92 | 3.63 | 19.50 | 5613.73 | 8.55 | 290.49 | 65.29 | 6.73 | 9.57 | 0.07 |
| 7. | Whirlpool India | 979.10 | 36.64 | 12422.02 | 0.51 | 41.80 | -32.22 | 1647.27 | -3.84 | 12.63 | 7789.11 | 6.69 | 338.99 | 35.26 | 3.05 | 5.58 | 0.02 |
| – | Median: 23 Co. | 634.25 | 50.77 | 5529.41 | 0.25 | 19.0 | 3.0 | 702.61 | 3.63 | 15.04 | 2621.99 | 6.97 | 92.42 | 21.36 | 4.73 | 5.56 | 0.13 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,417 | 1,655 | 2,427 | 2,081 | 1,741 | 2,055 | 3,123 | 2,714 | 2,126 | 2,682 | 3,805 | 2,847 | 2,295 |
Expenses | 1,347 | 1,559 | 2,266 | 1,953 | 1,626 | 1,933 | 2,905 | 2,508 | 1,999 | 2,516 | 3,567 | 2,672 | 2,158 |
Operating Profit | 70 | 95 | 161 | 127 | 115 | 122 | 217 | 205 | 127 | 166 | 237 | 175 | 137 |
Other Income | 8 | 6 | 178 | 9 | 12 | 10 | 10 | 21 | 16 | 6 | 19 | 16 | 10 |
Profit before tax | 41 | 70 | 302 | 103 | 94 | 103 | 192 | 197 | 114 | 129 | 210 | 147 | 94 |
Tax % | 26% | 26% | 28% | 26% | 25% | 25% | 25% | 26% | 26% | 25% | 25% | 26% | 26% |
Net Profit | 30 | 52 | 217 | 77 | 70 | 77 | 144 | 146 | 85 | 97 | 157 | 109 | 70 |
EPS in Rs | 1.56 | 2.70 | 11.27 | 4.00 | 3.42 | 3.73 | 6.98 | 7.10 | 4.12 | 4.71 | 7.65 | 5.28 | 3.40 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 2,790 | 3,081 | 3,530 | 4,110 | 4,303 | 4,784 | 4,786 | 3,842 | 5,395 | 7,353 | 8,999 | 11,326 | 11,627 |
Expenses | 2,639 | 2,906 | 3,340 | 3,909 | 4,072 | 4,485 | 4,571 | 3,650 | 5,104 | 6,904 | 8,415 | 10,586 | 10,913 |
Operating Profit | 151 | 174 | 190 | 200 | 231 | 299 | 215 | 192 | 292 | 449 | 584 | 740 | 715 |
Other Income | 10 | 51 | 54 | 34 | 33 | -5 | 69 | 62 | 36 | 194 | 39 | 58 | 50 |
Interest | 50 | 43 | 36 | 31 | 23 | 45 | 32 | 68 | 51 | 58 | 56 | 51 | 65 |
Depreciation | 35 | 39 | 55 | 55 | 61 | 69 | 84 | 88 | 80 | 80 | 75 | 96 | 119 |
Profit before tax | 76 | 143 | 153 | 148 | 181 | 180 | 168 | 98 | 196 | 505 | 492 | 650 | 580 |
Net Profit | 76 | 153 | 127 | 112 | 132 | 122 | 121 | 66 | 128 | 367 | 368 | 485 | 433 |
EPS in Rs | 4.22 | 8.48 | 7.05 | 5.86 | 6.89 | 6.32 | 6.28 | 3.42 | 6.63 | 19.03 | 17.87 | 23.58 | 21.04 |
Dividend Payout % | 47% | 29% | 46% | 64% | 73% | 79% | 80% | 58% | 75% | 32% | 39% | 38% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 18 | 18 | 18 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 41 | 41 | 41 |
Reserves | 512 | 607 | 783 | 899 | 929 | 942 | 830 | 900 | 989 | 1,259 | 2,470 | 2,813 | 2,810 |
Borrowings | 447 | 332 | 286 | 149 | 319 | 364 | 558 | 631 | 611 | 564 | 312 | 500 | 1,162 |
Other Liabilities | 1,275 | 1,236 | 1,446 | 1,553 | 1,931 | 1,914 | 1,906 | 1,930 | 2,423 | 3,003 | 3,344 | 4,351 | 3,443 |
Total Liabilities | 2,251 | 2,193 | 2,533 | 2,620 | 3,199 | 3,240 | 3,314 | 3,480 | 4,042 | 4,846 | 6,168 | 7,706 | 7,456 |
Fixed Assets | 215 | 218 | 231 | 319 | 347 | 359 | 406 | 345 | 377 | 560 | 764 | 992 | 1,127 |
Gross Block | 483 | 518 | 261 | 389 | 469 | 546 | 673 | 663 | 770 | 1,014 | 1,282 | 1,554 | – |
Accumulated Depreciation | 268 | 300 | 30 | 70 | 122 | 187 | 267 | 318 | 393 | 454 | 518 | 562 | – |
CWIP | 15 | 22 | 16 | 34 | 25 | 41 | 68 | 58 | 117 | 53 | 45 | 104 | 50 |
Investments | 121 | 232 | 435 | 215 | 220 | 221 | 221 | 500 | 392 | 450 | 957 | 1,206 | 1,114 |
Other Assets | 1,899 | 1,721 | 1,850 | 2,052 | 2,606 | 2,618 | 2,619 | 2,577 | 3,155 | 3,783 | 4,402 | 5,404 | 5,165 |
Total Assets | 2,251 | 2,193 | 2,533 | 2,620 | 3,199 | 3,240 | 3,314 | 3,480 | 4,042 | 4,846 | 6,168 | 7,706 | 7,456 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 84 | 192 | 271 | 129 | -29 | 147 | 392 | 308 | 59 | 304 | 247 | 662 |
Cash from Investing Activity | -24 | -20 | -73 | 73 | -66 | -73 | -58 | -246 | -7 | -86 | -699 | -495 |
Cash from Financing Activity | -8 | -199 | -194 | -215 | 73 | -105 | -138 | 15 | -147 | -248 | 539 | -126 |
Net Cash Flow | 52 | -27 | 4 | -14 | -22 | -30 | 196 | 78 | -95 | -30 | 87 | 41 |
Standalone Figures in ₹ Crores / Yearly
| 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 | 89 | 76 | 71 | 72 | 69 | 78 | 57 | 68 | 69 | 66 | 73 | 59 |
Inventory Days | 125 | 111 | 78 | 98 | 166 | 133 | 133 | 159 | 143 | 121 | 98 | 112 |
Days Payable | 212 | 201 | 156 | 187 | 237 | 221 | 226 | 267 | 235 | 208 | 191 | 199 |
Cash Conversion Cycle | 2 | -15 | -7 | -17 | -2 | -11 | -35 | -40 | -22 | -21 | -20 | -28 |
Working Capital Days | -7 | -11 | -19 | 6 | 8 | 10 | -16 | -10 | -1 | -3 | 16 | 7 |
ROCE % | 15% | 15% | 16% | 17% | 16% | 20% | 15% | 9% | 15% | 23% | 24% | 23% |
Direct from BSE filings, auto-summarised
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