Blue Star Ltd
Blue Star Limited operates as a heating, ventilation, air conditioning, and commercial refrigeration (HVAC&R) company in India. It operates through three segments: Electro-Mechanical Projects and Commercial Air Conditioning Systems; Unitary Products; and Professional Electronics and Industrial Systems. The Electro-Mechanical Projects and Commercial Air Conditioning Systems segment engages in the design, installation, and maintenance of central air conditioning systems, including packaged, ducted systems, variable refrigerant flow units, scroll chillers, screw chillers, centrifugal chillers, and data center chillers. This segment provides turnkey contracting services for mechanical, electrical and plumbing, and firefighting sectors, as well as value-added services, such as retrofitting, system upgrades, and ongoing operational support. Its Unitary Products segment is involved in the development, manufacture, and distribution of air conditioners for commercial and residential use, as well as the provision of commercial refrigeration solutions, cold chain equipment, air purifiers, and air coolers. The Professional Electronics and Industrial Systems segment trades in and services testing machines, medical, analytical, test and measuring, data communications, and industrial products and systems. The company also exports its products to the Middle East, Africa, SAARC, and ASEAN regions. Blue Star Limited was founded in 1943 and is headquartered in Mumbai, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Feb has averaged the highest return (+12.9%); May the lowest (-5.4%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.8%Positive MonthJan 2026: +4.76% | +6.8%Positive MonthFeb 2026: +6.80% | -17.0%Negative MonthMar 2026: -17.02% | +10.8%Positive MonthApr 2026: +10.79% | -11.0%Negative MonthMay 2026: -10.98% | +2.4%Positive MonthJun 2026: +2.43% | +3.3%Positive MonthJul 2026: +3.34% | -11.2%*Negative MonthAug 2026: -11.15% | β | β | β | β |
| 2025 | -15.3%Negative MonthJan 2025: -15.28% | +5.4%Positive MonthFeb 2025: +5.36% | +11.5%Positive MonthMar 2025: +11.53% | -20.2%Negative MonthApr 2025: -20.22% | -10.2%Negative MonthMay 2025: -10.18% | +6.9%Positive MonthJun 2025: +6.91% | +6.1%Positive MonthJul 2025: +6.14% | +8.4%Positive MonthAug 2025: +8.36% | -0.2%Neutral MonthSep 2025: -0.16% | +3.0%Positive MonthOct 2025: +3.03% | -8.8%Negative MonthNov 2025: -8.83% | -1.7%Neutral MonthDec 2025: -1.75% |
| 2024 | +20.5%Positive MonthJan 2024: +20.50% | +11.6%Positive MonthFeb 2024: +11.63% | -0.0%Neutral MonthMar 2024: -0.02% | +17.7%Positive MonthApr 2024: +17.69% | +6.2%Positive MonthMay 2024: +6.21% | +2.8%Positive MonthJun 2024: +2.84% | +5.6%Positive MonthJul 2024: +5.59% | -1.2%Neutral MonthAug 2024: -1.25% | +21.1%Positive MonthSep 2024: +21.06% | -9.4%Negative MonthOct 2024: -9.42% | -0.8%Neutral MonthNov 2024: -0.84% | +15.9%Positive MonthDec 2024: +15.86% |
| 2023 | +3.0%Positive MonthJan 2023: +3.00% | +16.9%Positive MonthFeb 2023: +16.91% | -4.1%Negative MonthMar 2023: -4.06% | +7.2%Positive MonthApr 2023: +7.20% | -2.2%Negative MonthMay 2023: -2.22% | +6.3%Positive MonthJun 2023: +6.27% | +2.2%Positive MonthJul 2023: +2.16% | -5.7%Negative MonthAug 2023: -5.75% | +18.5%Positive MonthSep 2023: +18.52% | +0.2%Neutral MonthOct 2023: +0.25% | +14.2%Positive MonthNov 2023: +14.22% | -5.8%Negative MonthDec 2023: -5.77% |
| 2022 | -14.6%Negative MonthJan 2022: -14.64% | +23.9%Positive MonthFeb 2022: +23.90% | -1.9%Neutral MonthMar 2022: -1.94% | +8.4%Positive MonthApr 2022: +8.36% | -10.0%Negative MonthMay 2022: -10.04% | -11.7%Negative MonthJun 2022: -11.69% | +8.8%Positive MonthJul 2022: +8.79% | +11.5%Positive MonthAug 2022: +11.54% | +0.4%Neutral MonthSep 2022: +0.43% | +12.0%Positive MonthOct 2022: +11.96% | -0.7%Neutral MonthNov 2022: -0.74% | -2.7%Negative MonthDec 2022: -2.67% |
| 2021 | β | β | β | β | β | -1.4%Neutral MonthJun 2021: -1.45% | +3.4%Positive MonthJul 2021: +3.38% | -8.2%Negative MonthAug 2021: -8.19% | +17.5%Positive MonthSep 2021: +17.54% | +5.5%Positive MonthOct 2021: +5.47% | -0.8%Neutral MonthNov 2021: -0.82% | +6.5%Positive MonthDec 2021: +6.47% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ11.33 K Cr | β | βΉ485.00 Cr | β | β | 17.0% | 25.9% | 31.8% |
| Mar 2024 | βΉ9.00 K Cr | β | βΉ368.00 Cr | β | β | 14.7% | 22.4% | 0.3% |
| Mar 2023 | βΉ7.35 K Cr | β | βΉ367.00 Cr | β | β | 28.7% | 36.3% | 186.7% |
| Mar 2022 | βΉ5.39 K Cr | β | βΉ128.00 Cr | β | β | 12.7% | 40.4% | 93.9% |
| Mar 2021 | βΉ3.84 K Cr | β | βΉ66.00 Cr | β | β | 7.2% | -19.7% | -45.5% |
| Mar 2020 | βΉ4.79 K Cr | β | βΉ121.00 Cr | β | β | 14.3% | 0.0% | -0.8% |
| Mar 2019 | βΉ4.78 K Cr | β | βΉ122.00 Cr | β | β | 12.7% | 11.2% | -7.6% |
| Mar 2018 | βΉ4.30 K Cr | β | βΉ132.00 Cr | β | β | 13.9% | 4.7% | 17.9% |
| Mar 2017 | βΉ4.11 K Cr | β | βΉ112.00 Cr | β | β | 12.2% | 16.4% | -11.8% |
| Mar 2016 | βΉ3.53 K Cr | β | βΉ127.00 Cr | β | β | 15.9% | 14.6% | -17.0% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net 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 |
| Total 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 |
| EBIT / Operating Profit | 151 | 174 | 190 | 200 | 231 | 299 | 215 | 192 | 292 | 449 | 584 | 740 | 715 |
| OPM % | 5% | 6% | 5% | 5% | 5% | 6% | 4% | 5% | 5% | 6% | 6% | 7% | 6% |
| Other Income | 10 | 51 | 54 | 34 | 33 | -5 | 69 | 62 | 36 | 194 | 39 | 58 | 50 |
| Finance Costs | 50 | 43 | 36 | 31 | 23 | 45 | 32 | 68 | 51 | 58 | 56 | 51 | 65 |
| Depreciation & Amortisation | 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 |
| Tax % | 0% | -7% | 17% | 24% | 27% | 32% | 28% | 33% | 35% | 27% | 25% | 25% | - |
| Net Profit / PAT | 76 | 153 | 127 | 112 | 132 | 122 | 121 | 66 | 128 | 367 | 368 | 485 | 433 |
| EPS (βΉ) | 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% | - |
Peer Comparison
Consumer Discretionary sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Blue Star Ltdthis co. | βΉ36.90 K Cr | βΉ11.33 K Cr | 85.30 | 12.90 | 58.31 | 25.9% |
| Titan Company Limited | βΉ3.76 L Cr | βΉ54.84 K Cr | 96.60 | 21.09 | 69.49 | 16.4% |
| Eternal Limited | βΉ2.84 L Cr | βΉ8.62 K Cr | 120.00 | 7.95 | 193.91 | 30.1% |
| Avenue Supermarts Limited | βΉ2.49 L Cr | βΉ57.79 K Cr | 79.80 | 10.46 | 57.86 | 16.7% |
| Trent Ltd [Lakme Ltd] | βΉ1.39 L Cr | βΉ16.67 K Cr | 82.40 | 21.09 | 49.02 | 39.8% |
| Marico Limited | βΉ98.15 K Cr | βΉ7.58 K Cr | 52.30 | 19.38 | 63.51 | 8.3% |
| SWIGGY LIMITED | βΉ96.87 K Cr | βΉ8.80 K Cr | β | 7.26 | -63.92 | 38.0% |
| Industry Average | β | βΉ4.70 K Cr | 80.04 | 7.96 | 62.25 | 24.3% |
