BLUE STAR LIMITED (BLUESTARCO) financials

BLUE STAR LIMITED (BLUESTARCO) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

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]

Market Cap: ₹32,232Cr.
Current Price: ₹1,568
Stock P/E: 89.6
ROE: 14.0%
ROCE: 17.4%
Book Value: ₹149
Dividend Yield: 0.54%
52W High / Low: ₹2,033/1,432

In Jun 2026, BLUE STAR LIMITED (BLUESTARCO) reported sales ₹3,198 Cr and net profit ₹69 Cr.

Annual TTM: sales ₹12,131 Cr, net profit ₹346 Cr.

Shareholding: Promoters 36.49% (Sep 2026), FIIs 12.29% (Sep 2026), DIIs 29.12% (Sep 2026), Public 22.09% (Sep 2026), Others 0.01% (Sep 2026).

BLUESTARCO quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	2,126	2,682	3,805	2,847	2,295	2,775	3,863	3,198
Expenses	1,999	2,516	3,567	2,672	2,158	2,610	3,617	3,071
Operating Profit	127	166	237	175	137	165	246	128
OPM %	6%	6%	6%	6%	6%	6%	6%	4.0%
Other Income	16	6	19	16	10	-45	38	25
Interest	6	17	20	11	17	23	24	13
Depreciation	23	26	26	32	35	37	39	47
Profit before tax	114	129	210	147	94	60	222	93
Tax %	26%	25%	25%	26%	26%	27%	27%	26%
Net Profit	85	97	157	109	70	44	163	69
EPS in Rs	4.12	4.71	7.65	5.28	3.40	2.13	7.92	3.37
Raw PDF	—	—	—	—	—	—	—	—

BLUESTARCO profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	4,786	3,842	5,395	7,353	8,999	11,326	11,779	12,131
Expenses	4,571	3,650	5,104	6,904	8,415	10,586	11,055	11,455
Operating Profit	215	192	292	449	584	740	725	676
OPM %	4.5%	5%	5%	6%	6%	7%	6%	6%
Other Income	69	62	36	194	39	58	16	27
Interest	32	68	51	58	56	51	76	77
Depreciation	84	88	80	80	75	96	142	157
Profit before tax	168	98	196	505	492	650	522	469
Tax %	28%	33%	35%	27%	25%	25%	26%	—
Net Profit	121	66	128	367	368	485	385	346
EPS in Rs	6.28	3.42	6.63	19.03	17.87	23.58	18.73	16.82
Dividend Payout %	80%	58%	75%	32%	39%	38%	45%	—

BLUESTARCO balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	19	19	19	19	19	41	41	41
Reserves	942	830	900	989	1,259	2,470	2,813	3,019
Borrowings	364	558	631	611	564	312	500	918
Other Liabilities	1,914	1,906	1,930	2,423	3,003	3,344	4,351	3,977
Total Liabilities	3,240	3,314	3,480	4,042	4,846	6,168	7,706	7,955
Fixed Assets	359	406	345	377	560	764	992	1,139
CWIP	41	68	58	117	53	45	104	133
Investments	221	221	500	392	450	957	1,206	1,162
Other Assets	2,618	2,619	2,577	3,155	3,783	4,402	5,404	5,521
Total Assets	3,240	3,314	3,480	4,042	4,846	6,168	7,706	7,955

BLUESTARCO cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	147	392	308	59	304	247	662	41
Cash from Investing Activity	-73	-58	-246	-7	-86	-699	-495	-176
Cash from Financing Activity	-105	-138	15	-147	-248	539	-126	127
Net Cash Flow	-30	196	78	-95	-30	87	41	-8
Free Cash Flow	71	309	322	-67	284	19	406	-241
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	59%	216%	166%	32%	86%	63%	111%	25%

BLUESTARCO shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	36.46%	36.47%	36.48%	36.48%	36.48%	36.48%	36.49%	36.49%
FIIs	18.48%	16.94%	16.21%	16.05%	14.66%	13.80%	12.75%	12.29%
DIIs	22.19%	23.13%	23.37%	25.32%	26.76%	27.78%	28.24%	29.12%
Public	22.86%	23.44%	23.91%	22.12%	22.08%	21.92%	22.49%	22.09%
Others	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
No. of Shareholders	1,06,776	1,29,555	1,48,932	1,17,734	1,11,215	1,11,852	1,20,369	1,18,413

BLUESTARCO key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	78	57	68	69	66	73	59	60
Inventory Days	133	133	159	143	121	98	112	113
Days Payable	221	226	267	235	208	191	199	167
Cash Conversion Cycle	-11	-35	-40	-22	-21	-20	-28	7
Working Capital Days	10	-16	-10	-1	-3	16	7	8
ROCE %	20%	15%	9%	15%	23%	24%	23%	17%

BLUESTARCOUpdated 18 Oct 2026, 5:12

Blue Star Limited

BLUESTARCOUpdated 18 Oct 2026, 5:12

Market Cap

₹32,232Cr.

Current Price

₹1,568

High / Low

₹2,033/1,432

Stock P/E

89.6

ROE14.0%

ROCE17.4%

Book Value₹149

Face Value₹2.00

Dividend Yield0.54%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	2081	15	1953	9	18	103	26	77	4
Sep 2023	1741	16	1626	12	18	94	25	70	3.42
Dec 2023	2055	11	1933	10	18	103	25	77	3.73
Mar 2024	3123	13	2905	10	22	192	25	144	6.98
Jun 2024	2714	8	2508	21	21	197	26	146	7.1
Sep 2024	2126	6	1999	16	23	114	26	85	4.12
Dec 2024	2682	17	2516	6	26	129	25	97	4.71
Mar 2025	3805	20	3567	19	26	210	25	157	7.65
Jun 2025	2847	11	2672	16	32	147	26	109	5.28
Sep 2025	2295	17	2158	10	35	94	26	70	3.4
Dec 2025	2775	23	2610	-45	37	60	27	44	2.13
Mar 2026	3863	24	3617	38	39	222	27	163	7.92
Jun 2026	3198	13	3071	25	47	93	26	69	3.37

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	3081	43	2906	51	39	143	-7	153	8.48
Mar 2016	3530	36	3340	54	55	153	17	127	7.05
Mar 2017	4110	31	3909	34	55	148	24	112	5.86
Mar 2018	4303	23	4072	33	61	181	27	132	6.89
Mar 2019	4784	45	4485	-5	69	180	32	122	6.32
Mar 2020	4786	32	4571	69	84	168	28	121	6.28
Mar 2021	3842	68	3650	62	88	98	33	66	3.42
Mar 2022	5395	51	5104	36	80	196	35	128	6.63
Mar 2023	7353	58	6904	194	80	505	27	367	19.03
Mar 2024	8999	56	8415	39	75	492	25	368	17.87
Mar 2025	11326	51	10586	58	96	650	25	485	23.58
Mar 2026	11779	76	11055	16	142	522	26	385	18.73
TTM	12131	77	11455	27	157	469	—	346	16.82

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	36.49%
FIIs	12.29%
DIIs	29.12%
Public	22.09%
Others	0.01%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Government	Public	Others
Dec 2023	36.5%	15.38%	24.82%	—	23.29%	0%
Mar 2024	36.5%	15.93%	24.69%	—	22.89%	0%
Jun 2024	36.53%	17.04%	23.56%	—	22.85%	0%
Sep 2024	36.46%	18.06%	22.84%	—	22.63%	0%
Dec 2024	36.46%	18.48%	22.19%	—	22.86%	0%
Mar 2025	36.47%	16.94%	23.13%	—	23.44%	0%
Jun 2025	36.48%	16.21%	23.37%	—	23.91%	0.01%
Sep 2025	36.48%	16.05%	25.32%	—	22.12%	0.01%
Dec 2025	36.48%	14.66%	26.76%	—	22.08%	0.01%
Mar 2026	36.48%	13.8%	27.78%	—	21.92%	0.01%
Jun 2026	36.49%	12.75%	28.24%	—	22.49%	0.01%
Sep 2026	36.49%	12.29%	29.12%	—	22.09%	0.01%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	18	607	332	1236	2193	218	22	232	1721	2193
Mar 2016	18	783	286	1446	2533	231	16	435	1850	2533
Mar 2017	19	899	149	1553	2620	319	34	215	2052	2620
Mar 2018	19	929	319	1931	3199	347	25	220	2606	3199
Mar 2019	19	942	364	1914	3240	359	41	221	2618	3240
Mar 2020	19	830	558	1906	3314	406	68	221	2619	3314
Mar 2021	19	900	631	1930	3480	345	58	500	2577	3480
Mar 2022	19	989	611	2423	4042	377	117	392	3155	4042
Mar 2023	19	1259	564	3003	4846	560	53	450	3783	4846
Mar 2024	41	2470	312	3344	6168	764	45	957	4402	6168
Mar 2025	41	2813	500	4351	7706	992	104	1206	5404	7706
Mar 2026	41	3019	918	3977	7955	1139	133	1162	5521	7955

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	192	-20	-199	-27
Mar 2016	271	-73	-194	4
Mar 2017	129	73	-215	-14
Mar 2018	-29	-66	73	-22
Mar 2019	147	-73	-105	-30
Mar 2020	392	-58	-138	196
Mar 2021	308	-246	15	78
Mar 2022	59	-7	-147	-95
Mar 2023	304	-86	-248	-30
Mar 2024	247	-699	539	87
Mar 2025	662	-495	-126	41
Mar 2026	41	-176	127	-8

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	76	71	72	69	78	57	68	69	66	73	59	60
Inventory Days	111	78	98	166	133	133	159	143	121	98	112	113
Days Payable	201	156	187	237	221	226	267	235	208	191	199	167
Cash Conversion Cycle	-15	-7	-17	-2	-11	-35	-40	-22	-21	-20	-28	7
Working Capital Days	-11	-19	6	8	10	-16	-10	-1	-3	16	7	8
ROCE %	15%	16%	17%	16%	20%	15%	9%	15%	23%	24%	23%	17%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of BLUE STAR LIMITED (BLUESTARCO)?

The reported market capitalisation for BLUE STAR LIMITED (BLUESTARCO) is ₹32,232Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of BLUESTARCO?

The current price shown for BLUE STAR LIMITED (BLUESTARCO) on Fincrux is ₹1,568 with a 52-week high/low of ₹2,033/1,432.

What is the P/E ratio of BLUE STAR LIMITED (BLUESTARCO)?

The stock P/E for BLUE STAR LIMITED (BLUESTARCO) is 89.6 on Fincrux, with ROE at 14.0% and ROCE at 17.4%.

What were BLUESTARCO latest quarterly results?

For Jun 2026, BLUE STAR LIMITED (BLUESTARCO) reported sales ₹3,198 Cr and net profit ₹69 Cr (figures in ₹ crore unless noted).

What are BLUESTARCO annual sales and net profit?

For TTM, BLUE STAR LIMITED (BLUESTARCO) shows sales of ₹12,131 Cr and net profit of ₹346 Cr on the Fincrux profit & loss statement.

Who owns BLUE STAR LIMITED (BLUESTARCO)?

Latest shareholding for BLUE STAR LIMITED (BLUESTARCO) on Fincrux: Promoters 36.49% (Sep 2026), FIIs 12.29% (Sep 2026), DIIs 29.12% (Sep 2026), Public 22.09% (Sep 2026), Others 0.01% (Sep 2026).

Where can I find BLUE STAR LIMITED (BLUESTARCO) financials?

BLUE STAR LIMITED (BLUESTARCO) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show BLUESTARCO balance sheet and cash flow?

Yes. The BLUE STAR LIMITED (BLUESTARCO) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 5:12