BLUESTARCOConsumer Durables

Blue Star Limited

Household Appliances · ISIN INE472A01039 · BSE 500067 · NSE EQ · FV ₹2
Last price
₹1,553
+3.26%today
What this company does

Blue Star Limited operates in Household Appliances, part of the Consumer Durables sector. It booked ₹3,378 cr of revenue in its latest quarter (Q1 FY27) and kept 3.0% of sales as profit. It is the 3rd largest of 9 Household Appliances companies we track, by market value.

Dear Stakeholders, I am pleased to present the Annual Report of transforming Blue Star into a ₹20000 crore Blue Star Limited for FY26. enterprise in the near future. Over the past few years, Blue Star has been on a robust FINANCIAL PERFORMANCE growth trajectory while steadily strengthening its In an environment marked by demand volatility foundation.
In the report:
37out of 100
Equitytale Health Score
Strained

Healthier than 37% of companies in Consumer Durables, on all six measures of filed financials. Each measure is ranked against the 25–41 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
54

At close. Not part of the score.

Profitability & returns28

How much profit it earns on the money it employs

Balance sheet42

How much it owes, and whether earnings cover the interest

Cash quality21

Whether reported profit actually arrives as cash

Growth & consistency57

Whether sales and profit have grown, and how steadily

Valuation12

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 13% vs last year
No promoter shares pledged
Watch-outs
! Thin 3.0% net margin
! Profit down 15% vs last year
! Operating cash flow is negative

What if I invest in BLUESTARCO?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,553 +3.26%
latest close · 2026-09-17
1-year return
+300.7%
52-wk low ₹37952-wk high ₹1,738
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio77.8High
LowAverageHigh
P/B ratio9.31High
Below bookModerateHigh
EV / EBITDA39.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity11.9%Fair
WeakFairStrong ▸15%
Return on capital16.0%Strong
WeakFairStrong
Net margin3.0%Thin
ThinDecentStrong
EBITDA margin6.1%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.18Comfortable
LowModerateHigh ▸1
Interest cover11.0×Strong
RiskyOkayStrong ▸5×
Current ratio1.31Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹31,930 cr
Book value
₹167
EPS
₹4.99
latest quarter
Net debt
₹260 cr
owes more than its cash
Enterprise value
₹32,189 cr
EBITDA
₹820 cr
annualised
EBIT
₹593 cr
annualised
Operating margin
4.4%
Return on assets
4.8%
Earnings yield
1.29%
P/S
2.36
Sales / share
₹657.2
Tax rate
23.8%
Face value
₹2
Shares
20.6 cr
Working capital
₹1,522 cr
Current assets
₹6,388 cr
Current liabilities
₹4,866 cr
Delivery %
43.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹268₹451, midpoint ₹360

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹3,378 cr
Other Income₹21 cr
Total Income₹3,399 cr
Cost of Materials₹2,141 cr
Purchases of Stock-in-Trade₹493 cr
Inventory Change (±)₹12 cr
Employee Benefit Expense₹249 cr
Finance Costs₹13 cr
Depreciation & Amortisation₹57 cr
Other Expenses₹307 cr
Total Expenses₹3,273 cr
Exceptional Items₹9 cr
Profit before Tax₹135 cr
Tax Expense₹32 cr
Share of JV / Associates₹-20 L
Net Profit₹103 cr
Net margin on total income3.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹2,646 cr77.7%
Employee benefit expense₹249 cr7.3%
Finance costs₹13 cr0.4%
Depreciation & amortisation₹57 cr1.7%
Other expenses₹307 cr9.0%
Tax expense₹32 cr0.9%
Profit for the period₹103 cr3.0%
Total income ₹3,399 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue2,925 cr4,072 cr3,378 cr
Total income2,937 cr4,096 cr3,399 cr
Expenses2,773 cr3,817 cr3,273 cr
Profit before tax108 cr296 cr135 cr
Tax27 cr73 cr32 cr
Net profit (owners' share)81 cr227 cr103 cr
Net margin (owners' share, on revenue)2.8%5.6%3.0%
EPS (₹)3.9211.054.99
YoY (latest quarter): total income +13.4% · net profit -15.3%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹8,576 cr
Shareholder equity
₹3,431 cr
parent shareholders
Total debt
₹627 cr
Cash
₹367 cr
Cash flow · H1 FY26
Operating
₹-728 cr
Investing
₹-37 cr
Financing
₹427 cr
Peer comparison
Household Appliances · by market value
CompanyPriceMarket capP/E
LG Electronics India Limited₹1,653₹1.12 L cr43.0
Voltas Limited₹1,135₹37,546 cr43.9
Blue Star Limitedthis company₹1,553₹31,930 cr77.8
Crompton Greaves Consumer Electricals Limited₹225₹14,494 cr25.8
V-Guard Industries Limited₹330₹14,424 cr27.8
Whirlpool of India Limited₹727₹9,229 cr22.4
Eureka Forbes Limited₹391₹7,568 cr33.4
TTK Prestige Limited₹544₹7,447 cr31.4
IFB Industries Limited₹1,218₹5,027 cr28.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.55%
trailing 12 months
Dividend / share (TTM)
₹8.5
Last dividend
₹8.5
ex 17 Jul 2026
ActionDetailEx-date
Dividend₹8.5 / share17 Jul 2026
Dividend₹9 / share18 Jul 2025
Dividend₹7 / share19 Jul 2024
Dividend₹6 / share21 Jul 2023
Bonus issue1:120 Jun 2023
Dividend₹10 / share21 Jul 2022
Who owns it · 2026-06-30
No pledge
Promoter
36.5%
FII / Foreign
12.8%
DII / Domestic
28.3%
Retail / others
22.5%
Smart-money activity
Insider trades
SoldHaridas C · -9,000 · ₹81.9 L4 Mar 21
SoldHaresh K Khatwani · -1,150 · ₹10.5 L1 Mar 21
SoldHaresh K Khatwani · -900 · ₹7.8 L26 Feb 21
Bulk / block deals
short · NSE97516 Sep 26
short · NSE1,64015 Sep 26
short · NSE15,22410 Sep 26
Stake changes
SoldSBI Mutual fund undet its Various Schemes→ 3.36% · 3.90 L30 Sep 25
SoldSBI Mutual Fund under its various Schemes→ 5.49% · 78,55118 Oct 24
BoughtAnissa and Rohina Trust along with PAC · promoter→ 41.53%17 May 23
Promoter pledges
ReleasedHDFC LTD6.00 L · 0.67% held23 Oct 15
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 31 Mar 2026
See the official result
1
To approve re-appointment of Mr. B Thiagarajan as a Managing Director of the company for a further period commencing from April 1, 2026 to May 24, 2027
Backed by 99% of shareholders other than promotersneeded 50%
8.26 cr votes for, 11.36 L against · 1% of mutual funds and other big investors said no
2
To approve appointment of Mr. Mohit Sud as an Executive Director – Unitary Cooling Products Group with effect from April 1, 2026
Backed by 99% of shareholders other than promotersneeded 50%
8.30 cr votes for, 7.28 L against · 1% of mutual funds and other big investors said no
3
To approve appointment of Mr. M S Unnikrishnan as an Independent Director of the Company to hold office for a term of five consecutive years commencing from January 29, 2026 to January 28, 2031
Backed by 100% of shareholders other than promotersneeded 75%
8.33 cr votes for, 3.82 L against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 42 named members
owning 36.5% between them · as of 2026-06-30
Vistra ITCL (India) Limited as a Trustee of Ashok M Advani Family Private Trust11.63%
Vistra ITCL (India) Limited as a Trustee of SMA Family Private Trust7.57%
Vistra ITCL (India) Limited as a Trustee of NSA Family Trust2.24%
Vistra ITCL (India) Limited as a Trustee of SNA Family Trust2.24%
Rohina Lulla2.12%
Anissa Khanna2.07%
Suneel Mohan Advani1.19%
Nargis Suneel Advani1.11%
Business done with them
FY2026 · 1 of the group
The company paid ₹0 cr to companies in the promoter group last year — about 0.0% of its ₹12,402 cr revenue and received ₹32 L back from them.
Rajiv Lulla
Sold property or assets to them · Sale of Property, plant & equipment
₹32 L
company received

The company also transacted with 19 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.