Blue Star Limited (IN:BLUESTARCO)
:BLUESTARCO
Want to see IN:BLUESTARCO full AI Analyst Report?
Top Page
Blue Star Limited
(BLUESTARCO)
Select Model
Select Model
Rating:52Neutral
Price Target:
₹1,766.00
▼(-3.30% Downside)
Action:Reiterated
Date:05/08/26
The score is mainly held back by 2026 financial quality concerns—especially negative free cash flow and weak cash conversion—despite strong revenue growth and a still-manageable leverage profile. Technicals add downside pressure with the stock trading below major moving averages, and valuation provides limited support given the high P/E and low dividend yield.
Positive Factors
Diversified business model & recurring service revenue
Blue Star's mix of central HVAC/MEP projects, unitary product sales and recurring aftermarket/AMC revenues creates durable revenue diversification. Recurring service income is typically higher margin and sticky, reducing cyclicality from project and seasonal product swings and supporting long-term cash stability.
Negative Factors
Sharp gross-margin compression
A large drop in gross margin materially weakens the company's core profitability and can persist if driven by structural factors like raw-material inflation, adverse project mix, or pricing pressure. Sustained lower gross margins erode buffer for operating costs and reduce long-term cash generation and reinvestment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model & recurring service revenue
Blue Star's mix of central HVAC/MEP projects, unitary product sales and recurring aftermarket/AMC revenues creates durable revenue diversification. Recurring service income is typically higher margin and sticky, reducing cyclicality from project and seasonal product swings and supporting long-term cash stability.
Read all positive factors
Blue Star Limited (BLUESTARCO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹340.80B
Dividend Yield0.51%
Average Volume (3M)14.76K
Price to Earnings (P/E)36.4
Beta (1Y)1.12
Revenue Growth3.63%
EPS Growth-10.72%
CountryIN
Employees3,167
SectorConsumer Defensive
Sector Strength42
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)26.58
Shares Outstanding205,614,790
10 Day Avg. Volume16,999
30 Day Avg. Volume14,756
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)33.56
Revenue Forecast (FY)₹145.62B
Blue Star Limited Business Overview & Revenue Model
Company Description
Blue Star Limited operates as a central air conditioning and commercial refrigeration company in India. The company operates through three segments: Electro-Mechanical Projects and Commercial Air Conditioning Systems, Unitary Products, and Profess...
How the Company Makes Money
Blue Star makes money primarily by (1) executing HVAC and MEP projects and (2) selling HVAC and refrigeration products, supplemented by service and maintenance revenues.
1) Project and solutions revenue (central HVAC/MEP): A significant portion o...
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 | 122.31B | 124.02B | 119.68B | 96.85B | 79.77B | 60.64B |
| Gross Profit | 23.10B | 17.63B | 28.16B | 22.40B | 17.57B | 13.04B |
| EBITDA | 8.52B | 9.30B | 8.23B | 6.28B | 4.50B | 3.27B |
| Net Income | 5.46B | 5.28B | 5.91B | 4.15B | 4.00B | 1.68B |
Balance Sheet | ||||||
| Total Assets | 79.01B | 85.76B | 82.58B | 66.18B | 53.99B | 43.13B |
| Cash, Cash Equivalents and Short-Term Investments | 4.54B | 8.37B | 8.42B | 6.23B | 3.69B | 4.11B |
| Total Debt | 11.70B | 8.10B | 3.81B | 2.43B | 6.62B | 5.54B |
| Total Liabilities | 47.71B | 51.31B | 51.90B | 40.06B | 40.65B | 32.92B |
| Stockholders Equity | 31.12B | 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
1826.35
Price Trends
1750.09
Negative
1797.23
Negative
1825.52
Negative
Market Momentum
-34.75
Positive
41.99
Neutral
53.85
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 1826.35 is above the 20-day moving average (MA) of 1741.28, above the 50-day MA of 1750.09, and above the 200-day MA of 1825.52, indicating a bearish trend. The MACD of -34.75 indicates Positive momentum. The RSI at 41.99 is Neutral, neither overbought nor oversold. The STOCH value of 53.85 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 (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹312.76B | 44.51 | ― | ― | 14.53% | 13.22% | |
69 Neutral | ₹126.87B | 28.46 | ― | 0.43% | 1.02% | -10.02% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | ₹530.70B | 50.99 | ― | 0.48% | 2.87% | 13.55% | |
59 Neutral | ₹151.87B | 63.58 | ― | ― | 22.31% | 14.98% | |
52 Neutral | ₹340.80B | 36.44 | ― | 0.51% | 3.63% | -10.72% | |
49 Neutral | ₹419.48B | 90.66 | ― | 0.50% | -7.58% | -55.33% |
* Consumer Defensive Sector Average
IN:BLUESTARCO
Blue Star Limited
1,657.45
113.02
7.32%
IN:JYOTICNC
Jyoti Cnc Automation Limited
667.80
-577.15
-46.36%
IN:KIRLOSBROS
Kirloskar Brothers Ltd.
1,597.65
-228.81
-12.53%
IN:SCHNEIDER
Schneider Electric Infrastructure Limited
1,308.05
629.60
92.80%
IN:THERMAX
Thermax Limited.
4,453.80
984.00
28.36%
IN:VOLTAS
Voltas Limited
1,267.75
20.62
1.65%
Blue Star Limited Corporate Events
Blue Star Reschedules Q4 and FY26 Earnings Call for May 7
Apr 29, 2026
Blue Star Limited has rescheduled its investors’ conference call to discuss financial results for the fourth quarter and full year ended March 31, 2026, setting the new date and time for May 7, 2026, at 12:00 p.m. IST. The company has shared...
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.