Blue Star share price
NSE: BLUESTARCOBSE: 500067Consumer DurablesMid Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹1,504.50.
27 Oct: open ₹1,500.00, high ₹1,540.30, low ₹1,495.00
- Next results date: the board meets on 29 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹31,377 Cr237th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 61.62
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 9.14
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.56%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 15.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 17.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.18
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 2,50,52527.6% delivered
About Blue Star
Blue Star Limited is a Mumbai-based maker of air conditioners and refrigeration equipment and a contractor for mechanical, electrical, plumbing and fire-fighting (MEP) work.12 It sells room air conditioners to households, and builds MEP systems for buildings, factories, data centres and infrastructure across India.345 It also exports to the Middle East, Africa and Asia, and makes air conditioning and heating equipment for other brands in North America and Europe.67
Its business runs as 3 segments: electro-mechanical projects and commercial air conditioning systems; unitary products, covering room air conditioners, commercial refrigeration and air coolers; and professional electronics and industrial systems, run by its wholly owned subsidiary Blue Star Engineering & Electronics.89 Its products include inverter, fixed-speed and window room air conditioners, among them the Iconia premium range, along with deep freezers, storage water coolers, visi coolers, cold rooms, air purifiers and water purifiers.101112 With its subsidiaries it runs 7 manufacturing facilities in India, at Ahmedabad, Dadra, Himachal Pradesh, Sri City and Wada, and R&D centres at Thane, Bhiwandi, Wada and Dadra; it sells through more than 4,000 channel partners.131415
Mohan T Advani founded Blue Star in 1943; it listed on the Bombay Stock Exchange in 1969 and began selling home air conditioners in 2011.11617 Vir S Advani is Chairman and Managing Director and B Thiagarajan is Managing Director; Ashok M Advani and Suneel M Advani are Chairmen Emeriti.1819
Blue Star key points
Results
- In the quarter to Jun 2026, consolidated revenue rose 13.3% to ₹3,378 crore from ₹2,982 crore, while profit before tax and one-off items fell 23.7% to ₹125.6 crore from ₹164.6 crore.2021
- In the year to Mar 2026, consolidated revenue rose 3.62% to ₹12,401.99 crore from ₹11,967.65 crore, and net profit after one-off items fell 10.81% to ₹527.33 crore from ₹591.28 crore.2223
- The group had a net cash position (cash held above its borrowings) of ₹900 crore at the end of June 2026, against ₹371 crore a year earlier.24
Market position
- Blue Star's market share by product, year to Mar 202625
Item year to Mar 2026 Ducted air conditioning systems 53% Scroll chillers (machines chilling water for cooling) 48% Screw chillers 20% VRF systems (an outdoor unit serving many indoor units) 19% - The company stated in its annual report for the year to Mar 2026 that it targets a 15% share of India's room air conditioner market, against about 14.25% by value; on 7 Aug 2026 it said the share would be marginally lower than 14%.2627
- On its earnings call of 7 Aug 2026, the company said it has a 30% share of data centre MEP projects and expects 10% to 12% of the data centre chiller market.28
Business segments
- Revenue by segment, year to Mar 20262930
Item year to Mar 2026 year to Mar 2025 Electro-mechanical projects and commercial air conditioning ₹6,762.80 crore ₹5,997.99 crore Unitary products ₹5,332.36 crore ₹5,621.11 crore Professional electronics and industrial systems ₹306.83 crore ₹348.55 crore - Revenue by segment, quarter to Jun 20263132
Item quarter to Jun 2026 quarter to Jun 2025 Electro-mechanical projects and commercial air conditioning ₹1,625 crore ₹1,412 crore Unitary products ₹1,689.3 crore ₹1,499 crore Professional electronics and industrial systems ₹63.6 crore ₹70.4 crore - In the quarter to Jun 2026, the unitary products segment result (the segment's profit) fell to ₹50 crore, 2.9% of revenue, from ₹87 crore, 5.8%. Commercial refrigeration sales fell about 15%, mainly in deep freezers and cold rooms.3334
International business
- Revenue of overseas subsidiaries, year to Mar 20263536
Item year to Mar 2026 year to Mar 2025 Blue Star North America ₹619.50 crore ₹333.10 crore Blue Star International FZCO, UAE, with its subsidiaries ₹293.80 crore ₹331.48 crore Blue Star Europe ₹57.28 crore ₹7.73 crore - On its earnings call of 7 Aug 2026, the company put its exports at about $80 million to $85 million in the year to Mar 2026, against about $55 million to $60 million a year earlier.37
Order book
- The carried-forward order book (orders received but not yet delivered) was ₹7,764 crore at the end of June 2026, up 13.5% from ₹6,843 crore a year earlier.38
- In the quarter to Jun 2026, orders booked by the projects and commercial air conditioning segment rose 24% to ₹2,435 crore from ₹1,963 crore; data centre MEP projects brought about ₹1,500 crore of orders.3940
Expansion and capital spending
What the company expects
- On its earnings call of 7 Aug 2026, the company said it expects about ₹3,000 crore of data centre MEP orders in the year to Mar 2027 and about ₹4,500 crore in the year to Mar 2028.4344
- On its earnings call of 7 Aug 2026, the company said it expects data centre MEP projects to bring close to 20% of its revenue, about ₹4,000 crore, by the year to Mar 2029.45
- On its earnings call of 7 Aug 2026, the company said it expects an operating margin of over 6.5% for unitary products and 6.5% to 7% for the electro-mechanical projects and commercial air conditioning segment in the year to Mar 2027.46
- On its earnings call of 7 Aug 2026, the company said it aims to generate additional export revenue of $100 million a year by the year to Mar 2028, over the year to Mar 2026 level.4748
Recent events
- Blue Star Engineering & Electronics sold its MedTech business, which supplies and services high-end medical diagnostic equipment, to Cyrix Healthcare for up to ₹40 crore, effective 1 Sep 2026.4950
- On 23 Jul 2026, an International Chamber of Commerce arbitrator dismissed all claims against the company by its Oman partner W J Towell & Co, of OMR 2,11,80,748 (about ₹461.74 crore). An award on interest and costs was reserved; the documents give no outcome.5152
- On 19 May 2026, a board committee approved buying the remaining 51% of Blue Star Qatar from Al Malki Trading & Contracting for at most ₹50 lakh, subject to Indian and Qatari approvals, to make it wholly owned; the documents give no completion.5354
Last updated
All 54 sources, each with its page
- 1. Annual report, 13 Jul 2026, page 260
- 2. Annual report, 13 Jul 2026, page 4
- 3. Annual report, 13 Jul 2026, page 196
- 4. Annual report, 13 Jul 2026, page 130
- 5. Annual report, 13 Jul 2026, page 42
- 6. Annual report, 13 Jul 2026, page 43
- 7. Annual report, 13 Jul 2026, page 133
- 8. Annual report, 13 Jul 2026, page 131
- 9. Annual report, 13 Jul 2026, page 46
- 10. Annual report, 13 Jul 2026, page 189
- 11. Annual report, 13 Jul 2026, page 190
- 12. Annual report, 13 Jul 2026, page 130
- 13. Investor presentation, 7 Aug 2026, page 6
- 14. Annual report, 13 Jul 2026, page 43
- 15. Annual report, 13 Jul 2026, page 66
- 16. Investor presentation, 7 Aug 2026, page 5
- 17. Annual report, 13 Jul 2026, page 42
- 18. Annual report, 13 Jul 2026, page 24
- 19. Annual report, 13 Jul 2026, page 32
- 20. Earnings call, 7 Aug 2026, page 6
- 21. Earnings call, 7 Aug 2026, page 5
- 22. Annual report, 13 Jul 2026, page 130
- 23. Annual report, 13 Jul 2026, page 131
- 24. Earnings call, 7 Aug 2026, page 6
- 25. Annual report, 13 Jul 2026, page 189
- 26. Annual report, 13 Jul 2026, page 192
- 27. Earnings call, 7 Aug 2026, page 4
- 28. Earnings call, 7 Aug 2026, page 14
- 29. Annual report, 13 Jul 2026, page 131
- 30. Annual report, 13 Jul 2026, page 132
- 31. Earnings call, 7 Aug 2026, page 6
- 32. Earnings call, 7 Aug 2026, page 7
- 33. Earnings call, 7 Aug 2026, page 7
- 34. Earnings call, 7 Aug 2026, page 4
- 35. Annual report, 13 Jul 2026, page 133
- 36. Annual report, 13 Jul 2026, page 134
- 37. Earnings call, 7 Aug 2026, page 19
- 38. Earnings call, 7 Aug 2026, page 6
- 39. Earnings call, 7 Aug 2026, page 6
- 40. Earnings call, 7 Aug 2026, page 5
- 41. Earnings call, 7 Aug 2026, page 14
- 42. Earnings call, 7 Aug 2026, page 15
- 43. Earnings call, 7 Aug 2026, page 5
- 44. Earnings call, 7 Aug 2026, page 10
- 45. Earnings call, 7 Aug 2026, page 5
- 46. Earnings call, 7 Aug 2026, page 4
- 47. Earnings call, 7 Aug 2026, page 6
- 48. Earnings call, 7 Aug 2026, page 19
- 49. Exchange filing, 2 Sep 2026, page 1
- 50. Exchange filing, 14 Aug 2026, page 5
- 51. Exchange filing, 23 Jul 2026, page 1
- 52. Exchange filing, 23 Jul 2026, page 2
- 53. Exchange filing, 19 May 2026, page 1
- 54. Exchange filing, 19 May 2026, page 2
Results
Consolidated; ₹ crore.Blue Star quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +5.9%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −6.3%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹3,378 Crdown 17.05%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹103 Crdown 54.88%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 3.0%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | 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 |
| Net profit | 96 | 132 | 194 | 121 | 99 | 81 | 227 | 103 |
| Net margin | 4.2% | 4.7% | 4.8% | 4.1% | 4.1% | 2.8% | 5.6% | 3.0% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹12,402 Crup 3.63%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹527 Crdown 10.82%
- Net margin
- 4.3%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,446what Revenue, Mar 2017, includes. This period's revenue includes excise duty of ₹37 crore, a tax on the goods the company makes that it collects and pays to the government. | 4,758what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹9.18 crore, a tax on the goods the company makes that it collects and pays to the government. | 5,235 | 5,360 | 4,264 | 6,046 | 7,977 | 9,685 | 11,968 | 12,402 |
| Net profit | 123 | 149 | 190 | 144 | 101 | 168 | 401 | 414 | 591 | 527 |
| Net margin | 2.8% | 3.1% | 3.6% | 2.7% | 2.4% | 2.8% | 5.0% | 4.3% | 4.9% | 4.3% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Electro - mechanical projects and commercial air conditioning systemsElectro - mechanical projects and commercial air conditioning systems, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹6,763 Crup 12.75%54.5%
- Unitary productsUnitary products, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹5,332 Crdown 5.14%43.0%
- Professional electronics and industrial systemsProfessional electronics and industrial systems, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹307 Crdown 11.97%2.5%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.Blue Star PE ratio and valuation
At or below today's level on 55% of 2,478 trading days over the last 10 years.
At or below today's level on 34% of 1,958 trading days since Nov 2018.
At or below today's level on 42% of 2,474 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −24.1% | −10.8% | −15.5% | 0.5% |
| 3 years | +33.2% | +7.2% | +23.7% | 0.5% |
| 5 years | +28.8% | +37.5% | −6.9% | 0.7% |
Mutual fund holdings
185 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 74 of the 108 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 185 funds holding Blue Star
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 4
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 3
- AddedAdded. Funds that held more shares than at the end of the month before.
- 57
- CutCut. Funds that held fewer shares than at the end of the month before.
- 51
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 68
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 5
| Fund | |||
|---|---|---|---|
| 50,40,351 | 1.15% | ₹765.1 Cr | |
| 25,10,000 | 1.62% | ₹381.0 Cr | |
| 24,28,385 | 1.20% | ₹368.6 Cr | |
| 20,82,091 | 1.26% | ₹316.1 Cr | |
| 20,02,468 | 0.38% | ₹304.0 Cr | |
| 20,00,000 | 2.55% | ₹303.6 Cr | |
| 19,81,053 | 0.56% | ₹300.7 Cr | |
| 18,10,000 | 0.55% | ₹274.8 Cr | |
| 14,07,850 | 0.70% | ₹213.7 Cr | |
| 13,89,161 | 1.10% | ₹210.9 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Blue Star insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade
Blue Star competitors and peers
Household Appliances, 26 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Blue Star in market cap.Consumer durables companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1,13,884 | 62.41 | 14.86 | – | – | 23.8% | 28.4% | 0.00% | |
| 31,308 | 69.70 | 4.91 | +3.8% | −30.6% | 7.0% | 8.8% | 0.42% | |
| 21,266 | 221.41 | 4.86 | +14.6% | −65.1% | 2.9% | 7.5% | 0.00% | |
| 12,637 | – | 4.17 | +12.1% | −137.2% | −5.5% | 20.4% | 1.53% | |
| 11,462 | 31.43 | 4.83 | +13.4% | +26.4% | 16.3% | 20.4% | 0.57% | |
| 10,747 | 42.83 | 2.58 | +6.0% | −30.5% | 6.2% | 4.8% | 0.59% | |
| 7,403 | 38.45 | 3.74 | +16.2% | +100.1% | 10.0% | 11.5% | 1.39% | |
| 6,116 | 33.80 | 1.33 | +12.5% | +5.8% | 4.0% | 5.4% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Blue Star dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 17 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹8.50 |
| 18 Jul 2025 | Final | ₹9.00 |
| 19 Jul 2024 | Final | ₹7.00 |
| 21 Jul 2023 | Final | ₹6.00 |
| 21 Jul 2022 | Final | ₹10.00 |
| 22 Jul 2021 | Final | ₹4.00 |
Latest announcements
Routine notices left out.Blue Star announcements
Oct 2026
23 Oct · Analysts
Sep 2026
28 Sep · Board meeting
16 Sep · Analysts
16 Sep · Meeting
Blue Star share price by year
Each calendar year to 2025.Blue Star share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,730.70 | −19.1% | 2,337.55 | 1,532.30 |
| 2024 | 2,139.15 | +125.9% | 2,156.65 | 935.65 |
| 2023 | 947.00 | +57.9% | 1,024.70 | 591.88 |
| 2022 | 599.78 | +18.6% | 638.33 | 432.25 |
| 2021 | 505.93 | +26.3% | 539.33 | 367.08 |
| 2020 | 400.55 | −4.7% | 429.93 | 220.25 |
| 2019 | 420.43 | +35.0% | 433.35 | 281.23 |
| 2018 | 311.45 | −23.8% | 410.75 | 255.65 |
| 2017 | 408.95 | +71.7% | 411.13 | 240.85 |
| 2016 | 238.18 | +21.0% | 287.43 | 156.43 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 1,499.00 | 1,522.20 | 1,480.10 | 1,504.50 | 1,506.81 | 2,23,758 | 30.0% |
| 23 Oct 2026 | 1,573.00 | 1,573.00 | 1,487.50 | 1,499.00 | 1,507.78 | 3,56,344 | 41.6% |
| 22 Oct 2026 | 1,535.60 | 1,575.90 | 1,520.50 | 1,564.50 | 1,554.59 | 3,51,643 | 43.1% |
| 21 Oct 2026 | 1,566.70 | 1,577.00 | 1,538.50 | 1,554.00 | 1,554.93 | 1,37,817 | 45.3% |
| 19 Oct 2026 | 1,559.80 | 1,577.60 | 1,545.50 | 1,571.20 | 1,560.30 | 1,94,246 | 47.7% |
| 16 Oct 2026 | 1,592.00 | 1,592.00 | 1,556.60 | 1,567.60 | 1,570.46 | 2,49,678 | 61.5% |
| 15 Oct 2026 | 1,601.20 | 1,617.00 | 1,582.80 | 1,592.00 | 1,597.59 | 3,64,315 | 56.8% |
| 14 Oct 2026 | 1,585.00 | 1,624.00 | 1,569.10 | 1,614.00 | 1,606.13 | 4,60,815 | 40.3% |
| 13 Oct 2026 | 1,569.90 | 1,594.00 | 1,553.90 | 1,594.00 | 1,575.29 | 2,33,413 | 41.2% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 20 Jun 2023 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
Company details
- NSE symbol
- BLUESTARCO
- BSE code
- 500067
- ISIN
- INE472A01039
- Industry
- Consumer Durables
- Website
- www.bluestarindia.com
- CIN
- L28920MH1949PLC006870
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1949
- Registered office
- Kasturi Buildings, Mohan T Advani Chowk, Jamshedji Tata Road, Mumbai 400020, Maharashtra
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments