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Last Updated: February 25, 2026, 8:00 am
Author: Getaka|Social: XLinkedIn

Blue Star Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: February 25, 2026, 8:00 am

Market Cap 40,290 Cr.
Current Price 1,960
Intrinsic Value₹2,294.00
High / Low 2,270/1,521
Stock P/E75.4
Book Value 151
Dividend Yield0.46 %
ROCE26.2 %
ROE20.6 %
Face Value 2.00
PEG Ratio3.35

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Blue Star Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bosch Home Comfort India Ltd 3,747 Cr. 1,378 1,897/1,264116 1762.61 %13.8 %9.96 % 10.0
Blue Star Ltd 40,290 Cr. 1,960 2,270/1,52175.4 1510.46 %26.2 %20.6 % 2.00
Industry Average22,018.50 Cr1,669.0095.70163.501.54%20.00%15.28%6.00

All Competitor Stocks of Blue Star Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,7942,6242,2261,8902,2413,3282,8652,2762,8074,0192,9822,4222,925
Expenses 1,6902,4452,0811,7682,0863,0862,6282,1272,5993,7402,7842,2402,705
Operating Profit 104179145123155242238149209279199182220
OPM % 6%7%7%6%7%7%8%7%7%7%7%8%8%
Other Income 51799131313241921241610-44
Interest 141818181012861619101722
Depreciation 16232323232828303535414346
Profit before tax 8031711495134214226131179249163132108
Tax % 27%29%27%26%25%25%25%27%26%22%26%25%25%
Net Profit 582258371100160169961321941219981
EPS in Rs 3.0311.704.333.444.887.818.214.686.459.425.884.823.92

Last Updated: February 6, 2026, 11:16 am

Below is a detailed analysis of the quarterly data for Blue Star Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

  • For Sales, as of Dec 2025, the value is 2,925.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,422.00 Cr. (Sep 2025) to 2,925.00 Cr., marking an increase of 503.00 Cr..
  • For Expenses, as of Dec 2025, the value is 2,705.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,240.00 Cr. (Sep 2025) to 2,705.00 Cr., marking an increase of 465.00 Cr..
  • For Operating Profit, as of Dec 2025, the value is 220.00 Cr.. The value appears strong and on an upward trend. It has increased from 182.00 Cr. (Sep 2025) to 220.00 Cr., marking an increase of 38.00 Cr..
  • For OPM %, as of Dec 2025, the value is 8.00%. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 8.00%.
  • For Other Income, as of Dec 2025, the value is -44.00 Cr.. The value appears to be declining and may need further review. It has decreased from 10.00 Cr. (Sep 2025) to -44.00 Cr., marking a decrease of 54.00 Cr..
  • For Interest, as of Dec 2025, the value is 22.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 17.00 Cr. (Sep 2025) to 22.00 Cr., marking an increase of 5.00 Cr..
  • For Depreciation, as of Dec 2025, the value is 46.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 43.00 Cr. (Sep 2025) to 46.00 Cr., marking an increase of 3.00 Cr..
  • For Profit before tax, as of Dec 2025, the value is 108.00 Cr.. The value appears to be declining and may need further review. It has decreased from 132.00 Cr. (Sep 2025) to 108.00 Cr., marking a decrease of 24.00 Cr..
  • For Tax %, as of Dec 2025, the value is 25.00%. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 25.00%.
  • For Net Profit, as of Dec 2025, the value is 81.00 Cr.. The value appears to be declining and may need further review. It has decreased from 99.00 Cr. (Sep 2025) to 81.00 Cr., marking a decrease of 18.00 Cr..
  • For EPS in Rs, as of Dec 2025, the value is 3.92. The value appears to be declining and may need further review. It has decreased from 4.82 (Sep 2025) to 3.92, marking a decrease of 0.90.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 3:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,9343,1823,7984,3854,6395,2355,3604,2646,0647,9779,68511,96812,349
Expenses 2,7843,0143,6314,1624,3724,8875,0774,0245,7177,4789,01711,08911,469
Operating Profit 150168167223266348283240347500669879880
OPM % 5%5%4%5%6%7%5%6%6%6%7%7%7%
Other Income 18-346634222640653619544836
Interest 54494338294829654655584968
Depreciation 3843576164758892868598128166
Profit before tax 7643132159196251206148251555557785652
Tax % 3%-18%21%23%25%17%32%32%33%28%26%25%
Net Profit 7854106123144190144101168401414591494
EPS in Rs 4.313.015.826.447.509.877.445.218.7120.7920.1828.7524.04
Dividend Payout % 46%83%56%58%67%51%67%38%57%29%35%31%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-30.77%96.30%16.04%17.07%31.94%-24.21%-29.86%66.34%138.69%3.24%42.75%
Change in YoY Net Profit Growth (%)0.00%127.07%-80.26%1.04%14.87%-56.15%-5.65%96.20%72.35%-135.45%39.51%

Blue Star Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:17%
3 Years:25%
TTM:17%
Compounded Profit Growth
10 Years:20%
5 Years:32%
3 Years:52%
TTM:7%
Stock Price CAGR
10 Years:28%
5 Years:44%
3 Years:52%
1 Year:14%
Return on Equity
10 Years:20%
5 Years:20%
3 Years:21%
Last Year:21%

Last Updated: September 5, 2025, 1:10 am

Balance Sheet

Last Updated: December 4, 2025, 1:03 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 18181819191919191919414141
Reserves 4434386127387748547638669981,3112,5693,0243,070
Borrowings 5123983652213763485205105546622433811,030
Other Liabilities 1,3631,3221,5301,6722,0682,1302,1372,1542,7413,4553,7584,8033,759
Total Liabilities 2,3362,1752,5252,6503,2363,3513,4393,5494,3135,4476,6118,2497,901
Fixed Assets 2552572593563924004443844338591,1651,5361,680
CWIP 15221634254167721528312712360
Investments 333624211131517295162148267432360
Other Assets 2,0321,8602,0072,2502,8062,8952,9112,7993,5654,3575,0536,1585,801
Total Assets 2,3362,1752,5252,6503,2363,3513,4393,5494,3135,4476,6118,2497,901

Below is a detailed analysis of the balance sheet data for Blue Star Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 41.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 41.00 Cr..
  • For Reserves, as of Sep 2025, the value is 3,070.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,024.00 Cr. (Mar 2025) to 3,070.00 Cr., marking an increase of 46.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 1,030.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 381.00 Cr. (Mar 2025) to 1,030.00 Cr., marking an increase of 649.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 3,759.00 Cr.. The value appears to be improving (decreasing). It has decreased from 4,803.00 Cr. (Mar 2025) to 3,759.00 Cr., marking a decrease of 1,044.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 7,901.00 Cr.. The value appears to be improving (decreasing). It has decreased from 8,249.00 Cr. (Mar 2025) to 7,901.00 Cr., marking a decrease of 348.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 1,680.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,536.00 Cr. (Mar 2025) to 1,680.00 Cr., marking an increase of 144.00 Cr..
  • For CWIP, as of Sep 2025, the value is 60.00 Cr.. The value appears to be declining and may need further review. It has decreased from 123.00 Cr. (Mar 2025) to 60.00 Cr., marking a decrease of 63.00 Cr..
  • For Investments, as of Sep 2025, the value is 360.00 Cr.. The value appears to be declining and may need further review. It has decreased from 432.00 Cr. (Mar 2025) to 360.00 Cr., marking a decrease of 72.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 5,801.00 Cr.. The value appears to be declining and may need further review. It has decreased from 6,158.00 Cr. (Mar 2025) to 5,801.00 Cr., marking a decrease of 357.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 7,901.00 Cr.. The value appears to be declining and may need further review. It has decreased from 8,249.00 Cr. (Mar 2025) to 7,901.00 Cr., marking a decrease of 348.00 Cr..

Notably, the Reserves (3,070.00 Cr.) exceed the Borrowings (1,030.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 672152571591925845035087243289688
Cash from Investing Activity + 11-49-4869-88-65-81-238-67-178-524-463
Cash from Financing Activity + -26-190-195-20351-181-167-70-82-76365-162
Net Cash Flow 52-241325-181320242-62-1113063

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-362.00-230.00-198.002.00-110.000.00-237.00-270.00-207.00-162.00426.00498.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 968276787578576972717460
Inventory Days 1257910497152119116143125127106131
Days Payable 222146211191228211211260223223198209
Cash Conversion Cycle -215-31-16-2-14-38-48-26-25-18-18
Working Capital Days -9-12-17688-13-1622016
ROCE %14%15%20%20%20%25%19%13%20%25%26%26%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 38.79%38.91%36.49%36.50%36.50%36.53%36.46%36.46%36.47%36.48%36.48%36.48%
FIIs 10.45%11.06%14.89%15.38%15.93%17.04%18.06%18.48%16.94%16.21%16.05%14.66%
DIIs 25.13%24.51%25.24%24.82%24.69%23.56%22.84%22.19%23.13%23.37%25.32%26.76%
Public 25.65%25.54%23.39%23.29%22.89%22.85%22.63%22.86%23.44%23.91%22.12%22.08%
Others 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%
No. of Shareholders 56,94058,54659,44465,46572,94983,16794,6411,06,7761,29,5551,48,9321,17,7341,11,215

Shareholding Pattern Chart

No. of Shareholders

Blue Star Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Midcap Fund 5,291,126 1.63 961.34N/AN/AN/A
SBI Small Cap Fund 3,300,000 1.74 599.589,400,0002025-12-08 05:11:37-64.89%
Axis Small Cap Fund 2,603,151 1.85 472.975,097,6142025-12-08 05:11:37-48.93%
SBI Multicap Fund 2,510,000 1.98 456.044,550,2692025-12-08 00:00:23-44.84%
Nippon India Small Cap Fund 2,002,468 0.55 363.832,769,3952025-12-08 05:11:37-27.69%
Kotak Large & Midcap Fund 2,000,000 1.21 363.38N/AN/AN/A
Axis Midcap Fund 1,909,554 1.12 346.95N/AN/AN/A
Nippon India Growth Mid Cap Fund 1,686,498 0.73 306.42N/AN/AN/A
Kotak Small Cap Fund 1,389,161 1.54 252.41,468,2932026-02-23 00:16:12-5.39%
Canara Robeco Small Cap Fund 1,274,202 1.83 231.51N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 28.7620.7741.6017.4410.42
Diluted EPS (Rs.) 28.7620.7741.6017.4410.42
Cash EPS (Rs.) 35.0724.8850.3726.2619.77
Book Value[Excl.RevalReserv]/Share (Rs.) 149.08127.07138.51105.9792.20
Book Value[Incl.RevalReserv]/Share (Rs.) 149.08127.07138.51105.9792.20
Revenue From Operations / Share (Rs.) 582.08471.08828.38627.79442.74
PBDIT / Share (Rs.) 46.2534.6554.3839.6931.38
PBIT / Share (Rs.) 40.0129.9045.5730.7621.79
PBT / Share (Rs.) 38.2427.0857.6325.9415.07
Net Profit / Share (Rs.) 28.8220.1341.5717.3310.18
NP After MI And SOA / Share (Rs.) 28.7620.1841.5817.4210.42
PBDIT Margin (%) 7.947.356.566.327.08
PBIT Margin (%) 6.876.345.504.894.92
PBT Margin (%) 6.565.746.954.133.40
Net Profit Margin (%) 4.954.275.012.762.29
NP After MI And SOA Margin (%) 4.944.285.012.772.35
Return on Networth / Equity (%) 19.2815.8930.0916.4811.33
Return on Capital Employeed (%) 24.8222.4427.1622.0416.29
Return On Assets (%) 7.166.267.413.882.82
Long Term Debt / Equity (X) 0.000.000.120.230.39
Total Debt / Equity (X) 0.060.060.430.460.51
Asset Turnover Ratio (%) 1.611.611.611.421.11
Current Ratio (X) 1.281.301.121.171.26
Quick Ratio (X) 0.840.930.740.780.87
Inventory Turnover Ratio (X) 6.734.333.893.362.55
Dividend Payout Ratio (NP) (%) 24.3427.8524.0422.970.00
Dividend Payout Ratio (CP) (%) 19.9922.5419.8415.180.00
Earning Retention Ratio (%) 75.6672.1575.9677.030.00
Cash Earning Retention Ratio (%) 80.0177.4680.1684.820.00
Interest Coverage Ratio (X) 19.4912.279.578.244.67
Interest Coverage Ratio (Post Tax) (X) 12.898.135.204.602.52
Enterprise Value (Cr.) 43700.5925918.4213601.2910333.709149.76
EV / Net Operating Revenue (X) 3.652.681.701.712.15
EV / EBITDA (X) 45.9636.3825.9727.0430.28
MarketCap / Net Operating Revenue (X) 3.672.701.661.672.12
Retention Ratios (%) 75.6572.1475.9577.020.00
Price / BV (X) 14.3310.019.979.9510.20
Price / Net Operating Revenue (X) 3.672.701.661.672.12
EarningsYield 0.010.010.030.010.01

After reviewing the key financial ratios for Blue Star Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 28.76. This value is within the healthy range. It has increased from 20.77 (Mar 24) to 28.76, marking an increase of 7.99.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 28.76. This value is within the healthy range. It has increased from 20.77 (Mar 24) to 28.76, marking an increase of 7.99.
  • For Cash EPS (Rs.), as of Mar 25, the value is 35.07. This value is within the healthy range. It has increased from 24.88 (Mar 24) to 35.07, marking an increase of 10.19.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 149.08. It has increased from 127.07 (Mar 24) to 149.08, marking an increase of 22.01.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 149.08. It has increased from 127.07 (Mar 24) to 149.08, marking an increase of 22.01.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 582.08. It has increased from 471.08 (Mar 24) to 582.08, marking an increase of 111.00.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 46.25. This value is within the healthy range. It has increased from 34.65 (Mar 24) to 46.25, marking an increase of 11.60.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 40.01. This value is within the healthy range. It has increased from 29.90 (Mar 24) to 40.01, marking an increase of 10.11.
  • For PBT / Share (Rs.), as of Mar 25, the value is 38.24. This value is within the healthy range. It has increased from 27.08 (Mar 24) to 38.24, marking an increase of 11.16.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 28.82. This value is within the healthy range. It has increased from 20.13 (Mar 24) to 28.82, marking an increase of 8.69.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 28.76. This value is within the healthy range. It has increased from 20.18 (Mar 24) to 28.76, marking an increase of 8.58.
  • For PBDIT Margin (%), as of Mar 25, the value is 7.94. This value is below the healthy minimum of 10. It has increased from 7.35 (Mar 24) to 7.94, marking an increase of 0.59.
  • For PBIT Margin (%), as of Mar 25, the value is 6.87. This value is below the healthy minimum of 10. It has increased from 6.34 (Mar 24) to 6.87, marking an increase of 0.53.
  • For PBT Margin (%), as of Mar 25, the value is 6.56. This value is below the healthy minimum of 10. It has increased from 5.74 (Mar 24) to 6.56, marking an increase of 0.82.
  • For Net Profit Margin (%), as of Mar 25, the value is 4.95. This value is below the healthy minimum of 5. It has increased from 4.27 (Mar 24) to 4.95, marking an increase of 0.68.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 4.94. This value is below the healthy minimum of 8. It has increased from 4.28 (Mar 24) to 4.94, marking an increase of 0.66.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 19.28. This value is within the healthy range. It has increased from 15.89 (Mar 24) to 19.28, marking an increase of 3.39.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 24.82. This value is within the healthy range. It has increased from 22.44 (Mar 24) to 24.82, marking an increase of 2.38.
  • For Return On Assets (%), as of Mar 25, the value is 7.16. This value is within the healthy range. It has increased from 6.26 (Mar 24) to 7.16, marking an increase of 0.90.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 24) which recorded 0.00.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.06. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.06.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 1.61. There is no change compared to the previous period (Mar 24) which recorded 1.61.
  • For Current Ratio (X), as of Mar 25, the value is 1.28. This value is below the healthy minimum of 1.5. It has decreased from 1.30 (Mar 24) to 1.28, marking a decrease of 0.02.
  • For Quick Ratio (X), as of Mar 25, the value is 0.84. This value is below the healthy minimum of 1. It has decreased from 0.93 (Mar 24) to 0.84, marking a decrease of 0.09.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 6.73. This value is within the healthy range. It has increased from 4.33 (Mar 24) to 6.73, marking an increase of 2.40.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 24.34. This value is within the healthy range. It has decreased from 27.85 (Mar 24) to 24.34, marking a decrease of 3.51.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 19.99. This value is below the healthy minimum of 20. It has decreased from 22.54 (Mar 24) to 19.99, marking a decrease of 2.55.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 75.66. This value exceeds the healthy maximum of 70. It has increased from 72.15 (Mar 24) to 75.66, marking an increase of 3.51.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 80.01. This value exceeds the healthy maximum of 70. It has increased from 77.46 (Mar 24) to 80.01, marking an increase of 2.55.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 19.49. This value is within the healthy range. It has increased from 12.27 (Mar 24) to 19.49, marking an increase of 7.22.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 12.89. This value is within the healthy range. It has increased from 8.13 (Mar 24) to 12.89, marking an increase of 4.76.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 43,700.59. It has increased from 25,918.42 (Mar 24) to 43,700.59, marking an increase of 17,782.17.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 3.65. This value exceeds the healthy maximum of 3. It has increased from 2.68 (Mar 24) to 3.65, marking an increase of 0.97.
  • For EV / EBITDA (X), as of Mar 25, the value is 45.96. This value exceeds the healthy maximum of 15. It has increased from 36.38 (Mar 24) to 45.96, marking an increase of 9.58.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 3.67. This value exceeds the healthy maximum of 3. It has increased from 2.70 (Mar 24) to 3.67, marking an increase of 0.97.
  • For Retention Ratios (%), as of Mar 25, the value is 75.65. This value exceeds the healthy maximum of 70. It has increased from 72.14 (Mar 24) to 75.65, marking an increase of 3.51.
  • For Price / BV (X), as of Mar 25, the value is 14.33. This value exceeds the healthy maximum of 3. It has increased from 10.01 (Mar 24) to 14.33, marking an increase of 4.32.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 3.67. This value exceeds the healthy maximum of 3. It has increased from 2.70 (Mar 24) to 3.67, marking an increase of 0.97.
  • For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Blue Star Ltd as of February 25, 2026 is: ₹1,884.94

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 25, 2026, Blue Star Ltd is Overvalued by 3.83% compared to the current share price ₹1,960.00

Intrinsic Value of Blue Star Ltd as of February 25, 2026 is: ₹2,309.30

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 25, 2026, Blue Star Ltd is Undervalued by 17.82% compared to the current share price ₹1,960.00

Last 5 Year EPS CAGR: 22.51%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 20.25%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 1.17, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -18.58, which is a positive sign.
  4. The company has higher reserves (1,266.15 cr) compared to borrowings (470.77 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (5.77 cr) and profit (308.54 cr) over the years.

    Stock Analysis

    • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Blue Star Ltd:
      1. Net Profit Margin: 4.95%
        • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
      2. ROCE: 24.82% (Industry Average ROCE: 20%)
        • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
      3. ROE%: 19.28% (Industry Average ROE: 15.28%)
        • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
      4. Interest Coverage Ratio (Post Tax): 12.89
        • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
      5. Quick Ratio: 0.84
        • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
      6. Stock P/E: 75.4 (Industry average Stock P/E: 95.7)
        • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
      7. Total Debt / Equity: 0.06
        • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
      The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
      Stock Rating:

    About the Company - Qualitative Analysis

    Blue Star Ltd. is a Public Limited Listed company incorporated on 20/01/1949 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L28920MH1949PLC006870 and registration number is 006870. Currently Company is involved in the business activities of Other electrical electrical installation. Company's Total Operating Revenue is Rs. 11325.75 Cr. and Equity Capital is Rs. 41.12 Cr. for the Year ended 31/03/2025.
    INDUSTRYADDRESSCONTACT
    Air ConditionersKasturi Buildings, Mumbai Maharashtra 400020Contact not found
    Management
    NamePosition Held
    Mr. Ashok M AdvaniChairman Emeritus
    Mr. Suneel M AdvaniChairman Emeritus
    Mr. Vir S AdvaniChairman & Managing Director
    Mr. B ThiagarajanManaging Director
    Mr. P V RaoExecutive Director - Projects
    Ms. Sunaina MurthyNon Executive Director
    Mr. Dinesh N VaswaniNon Executive Director
    Mr. Rajiv R LullaNon Executive Director
    Mr. Anil HarishIndependent Director
    Mrs. Anita RamachandraIndependent Director
    Mr. Sam BalsaraIndependent Director
    Mr. Arvind K SinghalIndependent Director
    Mr. G MurlidharIndependent Director
    Mr. Vipin SondhiIndependent Director

    FAQ

    What is the intrinsic value of Blue Star Ltd?

    Blue Star Ltd's intrinsic value (as of 25 February 2026) is ₹2309.30 which is 17.82% higher the current market price of ₹1,960.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹40,290 Cr. market cap, FY2025-2026 high/low of ₹2,270/1,521, reserves of ₹3,070 Cr, and liabilities of ₹7,901 Cr.

    What is the Market Cap of Blue Star Ltd?

    The Market Cap of Blue Star Ltd is 40,290 Cr..

    What is the current Stock Price of Blue Star Ltd as on 25 February 2026?

    The current stock price of Blue Star Ltd as on 25 February 2026 is ₹1,960.

    What is the High / Low of Blue Star Ltd stocks in FY 2025-2026?

    In FY 2025-2026, the High / Low of Blue Star Ltd stocks is ₹2,270/1,521.

    What is the Stock P/E of Blue Star Ltd?

    The Stock P/E of Blue Star Ltd is 75.4.

    What is the Book Value of Blue Star Ltd?

    The Book Value of Blue Star Ltd is 151.

    What is the Dividend Yield of Blue Star Ltd?

    The Dividend Yield of Blue Star Ltd is 0.46 %.

    What is the ROCE of Blue Star Ltd?

    The ROCE of Blue Star Ltd is 26.2 %.

    What is the ROE of Blue Star Ltd?

    The ROE of Blue Star Ltd is 20.6 %.

    What is the Face Value of Blue Star Ltd?

    The Face Value of Blue Star Ltd is 2.00.

    Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Blue Star Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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