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Blue Star Limited
(BLUESTARCO)
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Rating:49Neutral
Price Target:
₹1,507.00
▼(-7.94% Downside)
Action:Reiterated
Date:08/09/26
The score is held back primarily by weak latest-year cash flow (negative free cash flow and poor cash conversion) and clear technical weakness (below key moving averages with negative MACD). A high P/E with a low yield further limits valuation support, partially offset by strong revenue growth and a generally manageable leverage profile.
Positive Factors
Revenue Growth & Market Position
Multi-year revenue expansion indicates sustained demand for Blue Star’s HVAC and refrigeration solutions across residential and commercial segments. That top-line momentum plus scale supports durable project pipelines and distributor reach, reducing downside over a 2–6 month horizon.
Negative Factors
Weak Cash Generation
Operating cash flow collapsing to ~1.1B with free cash flow at ~-2.2B signals strained cash conversion and working-capital or investment pressure. Persistent weak cash generation reduces ability to self-fund projects, increases reliance on debt and heightens refinancing risk over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Market Position
Multi-year revenue expansion indicates sustained demand for Blue Star’s HVAC and refrigeration solutions across residential and commercial segments. That top-line momentum plus scale supports durable project pipelines and distributor reach, reducing downside over a 2–6 month horizon.
Read all positive factors
Blue Star Limited (BLUESTARCO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹299.33B
Dividend Yield0.56%
Average Volume (3M)69.04K
Price to Earnings (P/E)61.1
Beta (1Y)1.27
Revenue Growth5.90%
EPS Growth-6.28%
CountryIN
Employees3,167
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)24.78
Shares Outstanding205,614,790
10 Day Avg. Volume33,786
30 Day Avg. Volume69,041
Financial Highlights & Ratios
PEG Ratio-5.81
Price to Book (P/B)9.66
Price to Sales (P/S)2.67
P/FCF Ratio-152.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)28.02
Revenue Forecast (FY)₹142.62B
Blue Star Limited Business Overview & Revenue Model
Company Description
Blue Star Limited, headquartered in Mumbai, India, is a prominent Indian enterprise primarily focused on central air conditioning and commercial refrigeration solutions. The company's operations are diversified across three core divisions: 1. Elec...
How the Company Makes Money
Blue Star makes money primarily by selling cooling products, delivering HVAC projects, and providing associated services. A major revenue stream comes from the sale of room air conditioners and other consumer-oriented cooling products through deal...
Blue Star Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 127.98B | 124.02B | 119.68B | 96.85B | 79.77B | 60.64B |
| Gross Profit | 17.64B | 17.63B | 28.16B | 22.40B | 17.57B | 13.04B |
| EBITDA | 9.15B | 9.54B | 8.23B | 6.28B | 4.50B | 3.27B |
| Net Income | 5.09B | 5.28B | 5.91B | 4.15B | 4.00B | 1.68B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 85.76B | 82.58B | 66.18B | 53.99B | 43.13B |
| Cash, Cash Equivalents and Short-Term Investments | 8.33B | 8.37B | 8.42B | 6.23B | 3.69B | 4.11B |
| Total Debt | 0.00 | 8.10B | 3.81B | 2.43B | 6.62B | 5.54B |
| Total Liabilities | -34.34B | 51.31B | 51.90B | 40.06B | 40.65B | 32.92B |
| Stockholders Equity | 34.34B | 34.31B | 30.65B | 26.10B | 13.31B | 10.18B |
Cash Flow | ||||||
| Free Cash Flow | -8.59B | -2.18B | 3.16B | -1.52B | -1.13B | -1.26B |
| Operating Cash Flow | -7.28B | 1.12B | 6.88B | 2.89B | 2.47B | 918.00M |
| Investing Cash Flow | -373.10M | -3.68B | -4.64B | -5.25B | -1.82B | -690.10M |
| Financing Cash Flow | 4.27B | 1.89B | -1.62B | 3.65B | -910.80M | -867.70M |
Blue Star Limited Technical Analysis
Negative
1637.00
Price Trends
1579.22
Negative
1627.46
Negative
1709.43
Negative
Market Momentum
-30.82
Negative
38.43
Neutral
41.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BLUESTARCO, the sentiment is Negative. The current price of 1637 is above the 20-day moving average (MA) of 1491.07, above the 50-day MA of 1579.22, and below the 200-day MA of 1709.43, indicating a bearish trend. The MACD of -30.82 indicates Negative momentum. The RSI at 38.43 is Neutral, neither overbought nor oversold. The STOCH value of 41.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BLUESTARCO.
Blue Star Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹147.64B | 54.34 | ― | 1.63% | 8.28% | 1.08% | |
71 Outperform | ₹146.83B | 38.67 | ― | 0.38% | 5.04% | -10.39% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹140.47B | -1.87 | ― | 0.50% | 4.63% | -4.40% | |
50 Neutral | ₹377.80B | 85.37 | ― | 0.35% | 3.80% | -30.64% | |
49 Neutral | ₹299.33B | 61.10 | ― | 0.56% | 5.90% | -6.28% | |
48 Neutral | ₹433.23B | 69.23 | ― | 0.55% | 4.68% | -11.57% |
* General Sector Average
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Blue Star Limited Corporate Events
Blue Star Wins ICC Arbitration as Rs 462-Crore Claim Dismissed
Jul 23, 2026
Blue Star Limited has secured a favorable arbitration award in a long-running dispute with Oman-based partner W.J. Towell Co LLC over the management of Blue Star Oman Electro Mechanical Company. The International Chamber of Commerce tribunal dism...
Blue Star Sets August Date for 78th AGM, Opens Digital Voting Window
Jul 13, 2026
Blue Star Limited has scheduled its 78th Annual General Meeting for August 6, 2026, to be held via video conferencing and other audio-visual means in line with regulatory guidance. The company has released its integrated annual report for financia...
Blue Star Files Assured Sustainability Report for FY 2025-26
Jul 13, 2026
Blue Star Limited has filed its Business Responsibility and Sustainability Report for the 2025-26 financial year with Indian stock exchanges, in line with regulatory requirements under SEBI’s listing obligations. The report, prepared on a st...
Blue Star Moves AGM, Annual Report Access Fully Online for Unregistered Shareholders
Jul 13, 2026
Blue Star Limited has informed stock exchanges that it has sent letters to shareholders whose email addresses are not registered, directing them to the web link and QR code where the company’s Integrated Annual Report for FY 2025-26 and the ...
Blue Star Sets August 6, 2026 Virtual AGM, Details E-Voting Framework
Jul 13, 2026
Blue Star Limited has scheduled its 78th Annual General Meeting for August 6, 2026, to be conducted via video conferencing and other audiovisual means in line with regulatory guidelines, and has circulated the integrated annual report for the fina...
Blue Star Schedules Analyst and Investor Meet in Mumbai
Jun 23, 2026
Blue Star Limited has scheduled an in-person group meeting with analysts and institutional investors in Mumbai on June 29, 2026, from 10:00 a.m. to 11:00 a.m. The interaction will take place at the company’s Band Box House premises, reflecti...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.