Let's break down Blue Star Ltd. (BLUESTARCO) — from its financial performance to how the market is valuing the stock.
Blue Star Revenue Trend
Revenue for Blue Star Ltd. came in at ₹12,043 Cr in FY2025, growing 23.7% year-over-year.
A 14.2% CAGR over 10 years puts Blue Star Ltd. in solid growth territory. The top line went from ₹3,182 Cr to ₹12,043 Cr in that span.
Blue Star Ltd. is a major airconditioners company by revenue, with a top line of ₹12,043 Cr.
It's been 4 years of continuous revenue growth for Blue Star Ltd. — a pattern worth noting.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹12,043 Cr | +23.7% |
| FY2024 | ₹9,733 Cr | +22.0% |
| FY2023 | ₹7,977 Cr | +31.6% |
| FY2022 | ₹6,064 Cr | +40.2% |
| FY2021 | ₹4,326 Cr | — |
View Blue Star Ltd.'s full 10-year revenue trend with CAGR analysis →
Blue Star Profitability
Blue Star Ltd. turned in a net profit of ₹591 Cr for FY2025. That's 42.7% better than the ₹414 Cr earned in FY2024.
Cost discipline paid off, with net profit margin expanding to 4.9% from 4.3%.
On an EPS basis, the company earned ₹28.76 (diluted) in FY2025 versus ₹20.77 in FY2024.
Is Blue Star Undervalued
The P/E Ratio model estimates an intrinsic value of ₹1,941, implying a 22.8% upside from the current price.
Blue Star Ltd. shares are currently trading at ₹1,580.80.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹1,941 | 22.8% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Blue Star Ltd. with detailed assumptions →
Blue Star Shareholding Pattern
No change in promoter stake — it has held at 36.5% for the past 4 quarters.
On the foreign institutional side, the holding is 13.8% as of March 2026 — down from 16.2%.
Domestic institutions moved their stake up to 27.8% from 23.4% over the past year.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 36.5% | 13.8% | 27.8% | 21.9% |
| Dec 2025 | 36.5% | 14.7% | 26.8% | 22.1% |
| Sep 2025 | 36.5% | 16.1% | 25.3% | 22.1% |
| Jun 2025 | 36.5% | 16.2% | 23.4% | 23.9% |
Track quarterly shareholding changes for Blue Star Ltd. →
Blue Star Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹82.58B at the end of FY2025, up 24.8% from ₹66.18B a year earlier.
Inventories is the largest block at 26.0%, followed by Receivables at 23.7% and Other Assets at 22.0%.
Equity makes up 37.1% of liabilities and equity, with debt at 4.6% and operating liabilities at 58.2%. Over the year, debt is up 56.8% and equity is up 17.4%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 8.40B |
| Receivables | 19.59B |
| Inventories | 21.49B |
| Property, Plant & Equipment | 13.08B |
| Investments | 179.40M |
| Intangibles & Goodwill | 1.63B |
| Other Assets | 18.21B |
| Category | Value |
|---|---|
| Equity | 30.68B |
| Short-term Debt | 2.42B |
| Long-term Debt | 1.39B |
| Trade Payables | 34.28B |
| Other Liabilities | 13.81B |
Blue Star at a Glance
In summary, Blue Star Ltd. (BLUESTARCO) presents the following picture for fundamental analysts.
Revenue of ₹12,043 Cr in FY2025, up 23.7% year-over-year.
Long-term revenue has been compounding at 14.2% annually over 10 years.
The company is profitable, with a net margin of 4.9% and net income of ₹591 Cr.
The P/E Ratio model implies 22.8% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
There's more to the story. Craytheon's full profile for Blue Star Ltd. includes three valuation models, decade-long financials, and insider activity.