B

Blue Star Ltd.

BLUESTARCONSE
Market snapshot · 2026-08-11 11:28 UTC

1,497.90

₹-10.10 (-0.67%)

MARKET CAP

₹30.80K Cr

STOCK P/E

60.6x

52W HIGH

₹2,040.00

52W LOW

₹1,450.00

BOOK VALUE

₹166.90

EPS

₹24.73

ROE

SECTOR

Consumer Discretionary

DEBT/EQUITY

23.59

VOLUME

7.57L

P/B RATIO

8.97x

PEG RATIO

-4.01

Sector

Consumer Discretionary

Themes

Home Electronics & AppliancesAcMiniratnaData Center
D
Dividend
E
Earnings
₹1,996.21₹1,871.63₹1,747.06₹1,622.48₹1,497.90VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Blue Star is an Indian air-conditioning and refrigeration company serving residential, commercial, and industrial customers. Its revenue comes from Electro-Mechanical Projects and Commercial Air Conditioning, Unitary Products, and Professional Electronics and Industrial Systems. Central air-conditioning projects, room air conditioners, commercial refrigeration, and industrial systems drive its business mix. Recent quarterly revenue growth has not prevented profit decline, while the earnings miss highlights pressure on execution and margins. Margins are declining, and profit fell 10.8% despite 3.4% revenue growth, indicating weaker earnings quality. Debt-to-equity of 23.59 implies substantial leverage, which can amplify financial costs and pressure returns on equity. At 59.2 times earnings, Blue Star is priced richly relative to its recent growth and declining profits. Positive sentiment and potential summer demand support the outlook, but execution, margin recovery, and leverage remain key open questions.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for BLUESTARCO.

25.00 analysts

Price Forecast

Current
₹1,498
High Target
₹2,069
▲ +38.1%
Median Target
₹1,745
▲ +16.5%
Low Target
₹1,342
▼ -10.4%
Now₹1,498High ₹2,069Median ₹1,745Low ₹1,342Aug '25Now12M Target
Price history (1Y)
Analyst target range
25 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹1,219 - ₹1,82880%
6M₹1,117 - ₹1,98280%
12M₹985.30 - ₹2,21780%
Realized vol: +31.6% · Drift: +3.7%

Revenue Forecast

₹ Cr
Jun '26Current₹3,198.0
Sep 2026 ETrend estimate range
High₹2,621.7Base₹2,427.5Low₹2,233.3
Sep '25: ₹2,295.0 · Dec '25: ₹2,775.0 · Mar '26: ₹3,863.0 · Jun '26: ₹3,198.0 · Sep '26: ₹2,427.5 · Dec '26: ₹2,935.2
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E2,295.02,775.03,863.03,198.02,427.52,935.2
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹3.37
Sep 2026 ETrend estimate range
High₹2.70Base₹2.41Low₹2.12
Sep '25: ₹3.40 · Dec '25: ₹2.13 · Mar '26: ₹7.92 · Jun '26: ₹3.37 · Sep '26: ₹2.41 · Dec '26: ₹1.51
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E3.402.137.923.372.411.51
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
42%
Analyst Consensus
Weakening

From 25 analysts

Mean upside+15.6%

Fundamentals

Weakening

Fundamentals institutional score is 23 using growth durability 22.8.

Valuation

Attractive relative to peers

Valuation institutional score is 71 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 54 using mean target upside 15.6%; dispersion penalty 16.8; recommendation breadth from available consensus.

Technical Structure

Weak Structure

Technicals institutional score is 15 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 6 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. valuation provide support, while fundamentals and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Attractive relative to peersAnalyst Consensus NeutralTechnical Structure Weak StructureMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price1,731.2 target
Mean Upside+15.6%
Technical Score15%
Fundamental Score23%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 11.3% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -0.28). Confidence: 77%.

Live forward EPS implies next-12-month EPS of ₹38.95. Applying the stock's normalized valuation corridor produces a fair range of ₹2,272.34 to ₹2,948.90, with base value near ₹2,660.67 (+77.6% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹38.95

Forward P/E

38.5x

Base Fair Value

₹2,660.67

Fair Range

₹2,272.34 - ₹2,948.90

Upside To Base

+77.6%

Estimate Source

Live forward EPS

Growth Estimate

-15.1%

P/E
Strongly Undervalued

5Y Average

48.52

Current

60.57

Overvalued

75.71

Undervalued

58.34

P/B
Strongly Undervalued

5Y Average

11.18

Current

8.97

Overvalued

12.13

Undervalued

10.18

P/S
Strongly Overvalued

5Y Average

1.93

Current

2.41

Overvalued

2.22

Undervalued

1.64

Peers & Comparison

Sector: Consumer Discretionary · Theme: Home Electronics & Appliances

Home Electronics & Appliances Peers8 peers
Avg P/E: 72.7x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
WHIRLPOOL OF INDIA LTD
WHIRLPOOLHome Electronics & Appliances
+12.1%3.0%
40.3x
Undervalued
-45% vs avg
-34.6%
DIXON TECHNO (INDIA) LTD
DIXONHome Electronics & Appliances
+21.1%3.6%
41.5x
Undervalued
-43% vs avg
-10.8%
ELECTRONICS MART IND LTD
EMILHome Electronics & Appliances
+11.3%1.5%
60.1x
Undervalued
-17% vs avg
+48.2%
LG ELECTRONICS INDIA LTD
LGEINDIAHome Electronics & Appliances
+8.1%6.8%
64.2x
Fair
-12% vs avg
-7.8%
VOLTAS LTD
VOLTASHome Electronics & Appliances
+2.5%2.6%
113.0x
Premium
+55% vs avg
+3.2%
TTK PRESTIGE LTD
TTKPRESTIGHome Electronics & Appliances
+33.6%6.1%
42.7x
Undervalued
-41% vs avg
-4.3%
AMBER ENTERPRISES (I) LTD
AMBERHome Electronics & Appliances
+10.5%1.5%
147.0x
Premium
+102% vs avg
+3.7%
CROMPT GREA CON ELEC LTD
CROMPTONHome Electronics & Appliances
+12.9%-2.7%
-22.1%
WHY THESE PEERS

BLUE STAR LIMITED trades at a discount (58.5x vs peer avg 72.7x), suggesting potential undervaluation relative to the Home Electronics & Appliances cohort. Peers include WHIRLPOOL OF INDIA LTD, DIXON TECHNO (INDIA) LTD, ELECTRONICS MART IND LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹3.20K CrJun 2026

Latest net profit

₹69 CrJun 2026

Latest EPS

₹3.37Jun 2026

Net margin

4.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%2.0%4.0%6.0%8.0%0.00 Cr1.00K Cr2.00K Cr3.00K Cr4.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr1.00K Cr2.00K Cr3.00K Cr4.00K Cr₹0₹2₹4₹6₹8
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr800 Cr1.60K Cr2.40K Cr3.20K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-3.00K Cr0.00 Cr3.00K Cr6.00K Cr9.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +2,0811,7412,0553,1232,7142,1262,6823,8052,8472,2952,7753,8633,198
Expenses +1,9531,6261,9332,9052,5081,9992,5163,5672,6722,1582,6103,6173,071
Operating Profit127115122217205127166237175137165246128
OPM %6%7%6%7%8%6%6%6%6%6%6%6%4.0%
Other Income +912101021166191610-453825
Interest151611138617201117232413
Depreciation18181822212326263235373947
Profit before tax10394103192197114129210147946022293
Tax %26%25%25%25%26%26%25%25%26%26%27%27%26%
Net Profit +7770771441468597157109704416369
EPS in Rs4.003.423.736.987.104.124.717.655.283.402.137.923.37
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +36.48%36.48%36.48%36.48%36.49%
FIIs +16.21%16.05%14.66%13.80%12.75%
DIIs +23.37%25.32%26.76%27.78%28.24%
Public +23.91%22.12%22.08%21.92%22.49%
Others0.03%0.03%0.02%0.02%0.03%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Aug 07, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Aug 07, 2026PDFCompany Reports Open

Investor Update For The First Quarter Ended On June 30, 2026

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Investor Presentation

Aug 07, 2026PDFCompany Reports Open