About Blue Star Limited
Data last updated: 14 July 2026
Blue Star Limited is a public limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It specialises in industrial compressors and pneumatic systems, a part of the broader machinery and industrial equipment sector. Incorporated on 20 January 1949, the company has been in operation for over 77 years.
Registered with ROC Mumbai under CIN L28920MH1949PLC006870. Listed on BSE: 500067 and NSE: BLUESTARCO.
Capital: an authorised share capital of ₹57.5 Cr and a paid-up capital of ₹41.12 Cr. Formerly known as Blue Star Engineering Company (Bombay) Ltd. It is led by directors including Vir Suneel Advani and Balasubramanian Thiagarajan.
Last AGM: 06 August 2025. Financial statements filed for year ended 31 March 2025. Office: Kasturi Buildingjamshedji Tata Road, Mumbai, Maharashtra, India – 400020.
As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹12,402 Cr, a growth of 3.63% compared to the previous year. The net worth stands at ₹3,433.86 Cr (up 11.94% YoY). Total assets are valued at ₹8,575.98 Cr (up 3.86% YoY).
The company has a workforce of approximately 6,240 employees as per the latest available data. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand - Blue Star India. As per MCA filings, the company has open charges of ₹711.96 Cr and satisfied charges of ₹154.13 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bluestarindia.com.
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EmailLocked
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TelephoneLocked
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Website
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Social Media
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Registered AddressKasturi Buildingjamshedji Tata Road, Mumbai, Maharashtra, India – 400020
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IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Blue Star Limited
Blue Star Limited has one previous CIN (Corporate Identification Number): U28920MH1949PLC006870. The current CIN is L28920MH1949PLC006870, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L28920MH1949PLC006870 | Current |
| U28920MH1949PLC006870 | Previous |
Associated Brands with Blue Star Limited
Blue Star Limited operates one associated brand: Blue Star India. These brands represent Blue Star Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Blue Star India is engaged in manufacturing air conditioning and refrigeration solutions. | bluestarindia.com |
Business Activity of Blue Star Limited
Blue Star Limited is engaged in principal business activities including manufacturing and construction, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, demolition & site preparation, electrical, plumbing & other specialized construction activities. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | Locked |
Business activity turnover details for Blue Star Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Blue Star Limited
Blue Star Limited is audited by Deloitte Haskins and Sells LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Deloitte Haskins and Sells LLP (ICAI peer reviewed, certificate valid till 2027-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Blue Star Limited
Blue Star Limited is currently managed by 11 directors, with 20 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Vir Suneel Advani
Also directs:
Blue Star Limited, Blue Star Climatech Limited, J. T. Advani Advisory Private Limited and 1 more
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Managing Director | 01 Apr 2016 | 10 Years 4 Months | Current |
|
Balasubramanian Thiagarajan
Also directs:
Blue Star Limited, Blue Star Climatech Limited, Blue Star Engineering & Electronics Limited and 1 more
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Managing Director | 01 Apr 2016 | 10 Years 4 Months | Current |
|
Sunaina Murthy
Also directs:
Blue Star Limited, Currentkids Llp
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Director | 01 Apr 2019 | 7 Years 4 Months | Current |
| Anita Ramachandran | Director | 13 Jun 2022 | 4 Years 1 Months | Current |
|
Dinesh Nanik Vaswani
Also directs:
Blue Star Limited, Acuitas Capital Advisors Private Limited
|
Director | 01 Dec 2016 | 9 Years 8 Months | Current |
| Anil Harish | Director | 22 Nov 2017 | 8 Years 8 Months | Current |
Financials of Blue Star Limited FY 2026 filings available
Blue Star Limited reported revenue of ₹12,402 Cr (up 3.63% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹12,402 Cr | ₹11,968 Cr | ₹9,685.36 Cr | ₹7,977.32 Cr | ₹6,045.58 Cr | ₹4,263.59 Cr | ₹5,360.19 Cr |
| Other Income | ₹61.91 Cr | ₹75 Cr | ₹47.42 Cr | ₹30.87 Cr | ₹35.72 Cr | ₹62.35 Cr | ₹44.7 Cr |
| Total Income | ₹12,464 Cr | ₹12,043 Cr | ₹9,732.78 Cr | ₹8,008.19 Cr | ₹6,081.3 Cr | ₹4,325.94 Cr | ₹5,404.89 Cr |
| Cost of Materials Consumed | ₹8,410.89 Cr | ₹7,943.8 Cr | ₹6,146.48 Cr | ₹5,020.14 Cr | ₹3,661.98 Cr | ₹2,360.45 Cr | ₹3,108.84 Cr |
| Purchases of Stock-in-Trade | ₹1,235.35 Cr | ₹1,411.83 Cr | ₹1,161.8 Cr | ₹1,346.86 Cr | ₹1,103.64 Cr | ₹880.09 Cr | ₹917.22 Cr |
| Changes in Inventories | -₹104.15 Cr | -₹281.29 Cr | ₹83.69 Cr | -₹185.33 Cr | -₹50.94 Cr | ₹30.81 Cr | -₹7.95 Cr |
| Employee Benefit Expense | ₹918.13 Cr | ₹918.87 Cr | ₹749.48 Cr | ₹591.44 Cr | ₹508.55 Cr | ₹381.81 Cr | ₹484.51 Cr |
| Finance Costs | ₹72.14 Cr | ₹48.8 Cr | ₹58.08 Cr | ₹54.7 Cr | ₹46.4 Cr | ₹64.72 Cr | ₹29.47 Cr |
| Depreciation & Amortisation | ₹178.79 Cr | ₹128.37 Cr | ₹97.61 Cr | ₹84.78 Cr | ₹85.98 Cr | ₹92.29 Cr | ₹87.99 Cr |
| Other Expenses | ₹1,011.37 Cr | ₹1,098.52 Cr | ₹878.97 Cr | ₹711.43 Cr | ₹475.88 Cr | ₹370.62 Cr | ₹574.79 Cr |
| Total Expenses | ₹11,723 Cr | ₹11,269 Cr | ₹9,176.11 Cr | ₹7,624.02 Cr | ₹5,831.49 Cr | ₹4,180.79 Cr | ₹5,194.87 Cr |
| Profit Before Exceptional Items & Tax | ₹741.38 Cr | ₹773.75 Cr | ₹556.67 Cr | ₹384.17 Cr | ₹249.81 Cr | ₹145.15 Cr | ₹210.02 Cr |
| Exceptional Items | -₹38.83 Cr | ₹12.51 Cr | ₹0 | ₹170.81 Cr | ₹0 | ₹0 | -₹4.03 Cr |
| Profit Before Tax | ₹702.55 Cr | ₹786.26 Cr | ₹556.67 Cr | ₹554.98 Cr | ₹249.81 Cr | ₹145.15 Cr | ₹205.99 Cr |
| Total Tax Expense | ₹175.78 Cr | ₹193.65 Cr | ₹142.85 Cr | ₹154.69 Cr | ₹82.9 Cr | ₹47.09 Cr | ₹65.32 Cr |
| Net Profit | ₹527.33 Cr | ₹591.28 Cr | ₹414.31 Cr | ₹400.69 Cr | ₹168 Cr | ₹100.66 Cr | ₹143.7 Cr |
| attributable to Owners | ₹527.68 Cr | ₹591.24 Cr | - | ₹400.46 Cr | ₹167.71 Cr | ₹0 | - |
| attributable to NCI | -₹35 Lakh | ₹4 Lakh | - | ₹23 Lakh | ₹29 Lakh | -₹31 Lakh | -₹45 Lakh |
| Other Comprehensive Income | ₹16.24 Cr | ₹3.56 Cr | -₹71 Lakh | ₹8.92 Cr | ₹3.22 Cr | ₹2.47 Cr | ₹2.46 Cr |
| Total Comprehensive Income | ₹543.57 Cr | ₹594.84 Cr | ₹413.6 Cr | ₹409.61 Cr | ₹171.22 Cr | ₹103.13 Cr | ₹146.16 Cr |
| EBITDA (computed) | ₹992.31 Cr | ₹950.92 Cr | ₹712.36 Cr | ₹523.65 Cr | ₹382.19 Cr | ₹302.16 Cr | ₹327.48 Cr |
| Basic EPS | ₹25.65 | ₹28.76 | ₹20.77 | ₹41.60 | ₹17.44 | ₹10.42 | ₹14.87 |
| Diluted EPS | ₹25.65 | ₹28.76 | ₹20.77 | ₹41.60 | ₹17.44 | ₹10.42 | ₹14.87 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹8,575.98 Cr | ₹8,257.5 Cr | ₹6,618.25 Cr | ₹5,399.06 Cr |
| Non-current Assets | ₹2,187.71 Cr | ₹1,944.73 Cr | ₹1,578.22 Cr | ₹1,148.45 Cr |
| Current Assets | ₹6,388.27 Cr | ₹6,312.77 Cr | ₹5,040.03 Cr | ₹4,248.98 Cr |
| Property, Plant & Equipment | ₹1,361.15 Cr | ₹1,234.17 Cr | ₹980.01 Cr | ₹705.97 Cr |
| Inventories | ₹2,166.2 Cr | ₹2,149.15 Cr | ₹1,407.18 Cr | ₹1,433.39 Cr |
| Trade Receivables | ₹2,139.7 Cr | ₹1,959.37 Cr | ₹1,952.56 Cr | ₹1,548.82 Cr |
| Cash & Equivalents | ₹366.99 Cr | ₹425.59 Cr | ₹373.64 Cr | ₹243.33 Cr |
| Equity (Net Worth) | ₹3,433.86 Cr | ₹3,067.62 Cr | ₹2,612.63 Cr | ₹1,333.84 Cr |
| Equity Share Capital | ₹41.12 Cr | ₹41.12 Cr | ₹41.12 Cr | ₹19.26 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹161.74 Cr |
| Borrowings (Current) | ₹626.8 Cr | ₹199.36 Cr | ₹166.62 Cr | ₹415.9 Cr |
| Total Debt (computed) | ₹626.8 Cr | ₹199.36 Cr | ₹166.62 Cr | ₹577.64 Cr |
| Current Liabilities | ₹4,866.26 Cr | ₹4,944.39 Cr | ₹3,879.61 Cr | ₹3,783.75 Cr |
| Total Liabilities | ₹5,142.12 Cr | ₹5,189.88 Cr | ₹4,005.62 Cr | ₹4,065.22 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹153.81 Cr | ₹688.07 Cr | ₹289.22 Cr | ₹247.38 Cr | ₹91.8 Cr |
| Investing Cash Flow | -₹358.76 Cr | -₹463.99 Cr | -₹524.62 Cr | -₹181.66 Cr | -₹69.01 Cr |
| Financing Cash Flow | ₹137.14 Cr | -₹162.18 Cr | ₹364.83 Cr | -₹91.08 Cr | -₹86.77 Cr |
| Capital Expenditure | ₹329.03 Cr | ₹372.03 Cr | ₹440.96 Cr | ₹360.36 Cr | ₹217.94 Cr |
| Free Cash Flow (computed) | -₹175.22 Cr | ₹316.04 Cr | -₹151.74 Cr | -₹112.98 Cr | -₹126.14 Cr |
| Dividends Paid | ₹184.76 Cr | ₹143.92 Cr | ₹115.81 Cr | ₹96.37 Cr | ₹38.77 Cr |
| Net Change in Cash | -₹62.84 Cr | ₹62.84 Cr | ₹356.9 Cr | -₹22.32 Cr | -₹62.28 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹4,072.06 Cr | ₹2,925.31 Cr | ₹2,422.37 Cr | ₹2,982.25 Cr | ₹4,018.96 Cr | ₹2,807.36 Cr | ₹2,275.96 Cr | ₹2,865.37 Cr | ₹3,327.77 Cr | ₹2,241.19 Cr | ₹1,890.4 Cr | ₹2,226 Cr |
| Other Income | ₹23.95 Cr | ₹11.88 Cr | ₹10.01 Cr | ₹16.07 Cr | ₹23.99 Cr | ₹8.73 Cr | ₹18.51 Cr | ₹23.77 Cr | ₹12.39 Cr | ₹12.67 Cr | ₹12.96 Cr | ₹9.4 Cr |
| Total Income | ₹4,096.01 Cr | ₹2,937.19 Cr | ₹2,432.38 Cr | ₹2,998.32 Cr | ₹4,042.95 Cr | ₹2,816.09 Cr | ₹2,294.47 Cr | ₹2,889.14 Cr | ₹3,340.16 Cr | ₹2,253.86 Cr | ₹1,903.36 Cr | ₹2,235.4 Cr |
| Cost of Materials Consumed | ₹2,478.96 Cr | ₹2,118.94 Cr | ₹1,735.23 Cr | ₹2,077.76 Cr | ₹2,602.33 Cr | ₹2,083.06 Cr | ₹1,632.7 Cr | ₹1,625.71 Cr | ₹2,101.59 Cr | ₹1,409.76 Cr | ₹974.25 Cr | ₹1,247.26 Cr |
| Purchases of Stock-in-Trade | ₹293.23 Cr | ₹426.23 Cr | ₹163.51 Cr | ₹352.38 Cr | ₹452.29 Cr | ₹274.48 Cr | ₹231.21 Cr | ₹453.85 Cr | ₹315.2 Cr | ₹398.94 Cr | ₹398.57 Cr | ₹462.71 Cr |
| Changes in Inventories | ₹425.29 Cr | -₹287.76 Cr | -₹95.72 Cr | -₹145.96 Cr | ₹35.02 Cr | -₹235.19 Cr | -₹190.17 Cr | ₹109.05 Cr | ₹121.76 Cr | -₹109.25 Cr | ₹48.95 Cr | ₹22.23 Cr |
| Employee Benefit Expense | ₹235.2 Cr | ₹223.36 Cr | ₹227.21 Cr | ₹232.36 Cr | ₹266.88 Cr | ₹234.18 Cr | ₹219.98 Cr | ₹197.83 Cr | ₹229.73 Cr | ₹185.26 Cr | ₹173.32 Cr | ₹161.17 Cr |
| Finance Costs | ₹23.06 Cr | ₹22.09 Cr | ₹16.92 Cr | ₹10.07 Cr | ₹18.75 Cr | ₹15.93 Cr | ₹6.48 Cr | ₹7.64 Cr | ₹12.19 Cr | ₹10.24 Cr | ₹17.65 Cr | ₹18 Cr |
| Depreciation & Amortisation | ₹48.23 Cr | ₹45.86 Cr | ₹43.35 Cr | ₹41.35 Cr | ₹35.42 Cr | ₹34.98 Cr | ₹29.95 Cr | ₹28.02 Cr | ₹28.32 Cr | ₹23.49 Cr | ₹23.01 Cr | ₹22.79 Cr |
| Other Expenses | ₹313.12 Cr | ₹223.81 Cr | ₹208.72 Cr | ₹265.72 Cr | ₹383.04 Cr | ₹241.45 Cr | ₹232.93 Cr | ₹241.1 Cr | ₹317.59 Cr | ₹201.13 Cr | ₹172.62 Cr | ₹187.63 Cr |
| Total Expenses | ₹3,817.09 Cr | ₹2,772.53 Cr | ₹2,299.22 Cr | ₹2,833.68 Cr | ₹3,793.73 Cr | ₹2,648.89 Cr | ₹2,163.08 Cr | ₹2,663.2 Cr | ₹3,126.38 Cr | ₹2,119.57 Cr | ₹1,808.37 Cr | ₹2,121.79 Cr |
| Profit Before Exceptional Items & Tax | ₹278.92 Cr | ₹164.66 Cr | ₹133.16 Cr | ₹164.64 Cr | ₹249.22 Cr | ₹167.2 Cr | ₹131.39 Cr | ₹225.94 Cr | ₹213.78 Cr | ₹134.29 Cr | ₹94.99 Cr | ₹113.61 Cr |
| Exceptional Items | ₹17.52 Cr | -₹56.35 Cr | ₹0 | ₹0 | ₹0 | ₹12.51 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹296.44 Cr | ₹108.31 Cr | ₹133.16 Cr | ₹164.64 Cr | ₹249.22 Cr | ₹179.71 Cr | ₹131.39 Cr | ₹225.94 Cr | ₹213.78 Cr | ₹134.29 Cr | ₹94.99 Cr | ₹113.61 Cr |
| Total Tax Expense | ₹72.91 Cr | ₹27.07 Cr | ₹33.39 Cr | ₹42.41 Cr | ₹54.82 Cr | ₹46.53 Cr | ₹35.04 Cr | ₹57.26 Cr | ₹54.42 Cr | ₹33.93 Cr | ₹24.26 Cr | ₹30.24 Cr |
| Net Profit | ₹227.18 Cr | ₹80.55 Cr | ₹98.78 Cr | ₹120.82 Cr | ₹194 Cr | ₹132.46 Cr | ₹96.06 Cr | ₹168.76 Cr | ₹159.71 Cr | ₹100.46 Cr | ₹70.77 Cr | ₹83.37 Cr |
| attributable to Owners | ₹227.05 Cr | ₹80.66 Cr | ₹99.01 Cr | ₹120.96 Cr | ₹193.64 Cr | ₹132.57 Cr | ₹96.19 Cr | ₹168.84 Cr | - | ₹100.39 Cr | ₹70.67 Cr | ₹83.35 Cr |
| attributable to NCI | ₹13 Lakh | -₹11 Lakh | -₹23 Lakh | -₹14 Lakh | ₹36 Lakh | -₹11 Lakh | -₹13 Lakh | -₹8 Lakh | - | ₹7 Lakh | ₹10 Lakh | ₹2 Lakh |
| Other Comprehensive Income | ₹5.7 Cr | ₹2.21 Cr | ₹6.56 Cr | ₹1.77 Cr | ₹2.29 Cr | -₹71 Lakh | ₹2.61 Cr | -₹63 Lakh | -₹1.02 Cr | ₹25 Lakh | ₹98 Lakh | -₹92 Lakh |
| Total Comprehensive Income | ₹232.88 Cr | ₹82.76 Cr | ₹105.34 Cr | ₹122.59 Cr | ₹196.29 Cr | ₹131.75 Cr | ₹98.67 Cr | ₹168.13 Cr | ₹158.69 Cr | ₹100.71 Cr | ₹71.75 Cr | ₹82.45 Cr |
| EBITDA (computed) | ₹350.21 Cr | ₹232.61 Cr | ₹193.43 Cr | ₹216.06 Cr | ₹303.39 Cr | ₹218.11 Cr | ₹167.82 Cr | ₹261.6 Cr | ₹254.29 Cr | ₹168.02 Cr | ₹135.65 Cr | ₹154.4 Cr |
| Basic EPS | ₹11.05 | ₹3.92 | ₹4.80 | ₹5.88 | ₹9.44 | ₹6.44 | ₹4.67 | ₹8.21 | ₹7.77 | ₹4.89 | ₹3.65 | ₹4.33 |
| Diluted EPS | ₹11.05 | ₹3.92 | ₹4.80 | ₹5.88 | ₹9.44 | ₹6.44 | ₹4.67 | ₹8.21 | ₹7.77 | ₹4.89 | ₹3.65 | ₹4.33 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Electro-mechanical projects and commercial air conditioning systems | ₹1,989.92 Cr | ₹128.49 Cr | ₹3,690.38 Cr | ₹2,607.56 Cr |
| Unitary products | ₹1,984.96 Cr | ₹206.98 Cr | ₹3,169.17 Cr | ₹1,415.25 Cr |
| Professional electronics and industrial systems | ₹97.18 Cr | ₹14.27 Cr | ₹154.34 Cr | ₹151.14 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Electro-mechanical projects and commercial air conditioning systems | ₹6,762.8 Cr | ₹501.91 Cr | - | - |
| Unitary products | ₹5,332.36 Cr | ₹434.82 Cr | - | - |
| Professional electronics and industrial systems | ₹306.83 Cr | ₹34.89 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹11,779 Cr | ₹11,326 Cr | ₹8,998.88 Cr | ₹7,353.13 Cr | ₹5,376.99 Cr | ₹3,842.23 Cr | ₹4,786.49 Cr |
| Other Income | ₹54.94 Cr | ₹61.58 Cr | ₹41.3 Cr | ₹29.83 Cr | ₹36.1 Cr | ₹62.17 Cr | ₹73.43 Cr |
| Total Income | ₹11,834 Cr | ₹11,387 Cr | ₹9,040.18 Cr | ₹7,382.96 Cr | ₹5,413.09 Cr | ₹3,904.4 Cr | ₹4,859.92 Cr |
| Cost of Materials Consumed | ₹7,056.35 Cr | ₹6,593.6 Cr | ₹5,413.96 Cr | ₹4,778.37 Cr | ₹3,379.01 Cr | ₹2,216.38 Cr | ₹2,866.96 Cr |
| Purchases of Stock-in-Trade | ₹2,420.44 Cr | ₹2,517.77 Cr | ₹1,509.24 Cr | ₹1,135.04 Cr | ₹888.41 Cr | ₹733.18 Cr | ₹738.98 Cr |
| Changes in Inventories | -₹116.81 Cr | -₹278.6 Cr | ₹108.64 Cr | -₹149.59 Cr | -₹48.6 Cr | ₹25.49 Cr | ₹53 Lakh |
| Employee Benefit Expense | ₹771.84 Cr | ₹747.69 Cr | ₹597.18 Cr | ₹496.35 Cr | ₹421.9 Cr | ₹325.23 Cr | ₹414.95 Cr |
| Finance Costs | ₹75.85 Cr | ₹50.89 Cr | ₹55.98 Cr | ₹58.18 Cr | ₹51.41 Cr | ₹67.89 Cr | ₹32.37 Cr |
| Depreciation & Amortisation | ₹142.15 Cr | ₹96.42 Cr | ₹75.35 Cr | ₹80.34 Cr | ₹80.49 Cr | ₹88.34 Cr | ₹84.34 Cr |
| Other Expenses | ₹924.7 Cr | ₹1,009.63 Cr | ₹788.14 Cr | ₹650.48 Cr | ₹444.72 Cr | ₹349.54 Cr | ₹550.09 Cr |
| Total Expenses | ₹11,275 Cr | ₹10,737 Cr | ₹8,548.49 Cr | ₹7,049.17 Cr | ₹5,217.34 Cr | ₹3,806.05 Cr | ₹4,688.22 Cr |
| Profit Before Exceptional Items & Tax | ₹559.65 Cr | ₹649.93 Cr | ₹491.69 Cr | ₹333.79 Cr | ₹195.75 Cr | ₹98.35 Cr | ₹171.7 Cr |
| Exceptional Items | -₹37.19 Cr | ₹0 | ₹0 | ₹170.81 Cr | ₹0 | ₹0 | -₹4.03 Cr |
| Profit Before Tax | ₹522.46 Cr | ₹649.93 Cr | ₹491.69 Cr | ₹504.6 Cr | ₹195.75 Cr | ₹98.35 Cr | ₹167.67 Cr |
| Total Tax Expense | ₹137.36 Cr | ₹165.03 Cr | ₹124.19 Cr | ₹138.02 Cr | ₹68.01 Cr | ₹32.42 Cr | ₹46.8 Cr |
| Net Profit | ₹385.1 Cr | ₹484.9 Cr | ₹367.5 Cr | ₹366.58 Cr | ₹127.74 Cr | ₹65.93 Cr | ₹120.87 Cr |
| Other Comprehensive Income | -₹1.81 Cr | -₹1.57 Cr | -₹1.68 Cr | -₹16 Lakh | ₹0 | ₹3.47 Cr | -₹1.73 Cr |
| Total Comprehensive Income | ₹383.29 Cr | ₹483.33 Cr | ₹365.82 Cr | ₹366.42 Cr | ₹127.74 Cr | ₹69.4 Cr | ₹119.14 Cr |
| EBITDA (computed) | ₹777.65 Cr | ₹797.24 Cr | ₹623.02 Cr | ₹472.31 Cr | ₹327.65 Cr | ₹254.58 Cr | ₹288.41 Cr |
| Basic EPS | ₹18.73 | ₹23.58 | ₹18.43 | ₹38.06 | ₹13.26 | ₹6.85 | ₹12.55 |
| Diluted EPS | ₹18.73 | ₹23.58 | ₹18.43 | ₹38.06 | ₹13.26 | ₹6.85 | ₹12.55 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹7,955.44 Cr | ₹7,706.45 Cr | ₹6,167.63 Cr | ₹4,797.55 Cr |
| Non-current Assets | ₹2,351.76 Cr | ₹1,994.57 Cr | ₹1,637.36 Cr | ₹1,086.96 Cr |
| Current Assets | ₹5,603.68 Cr | ₹5,711.88 Cr | ₹4,530.27 Cr | ₹3,708.96 Cr |
| Property, Plant & Equipment | ₹984.68 Cr | ₹712.05 Cr | ₹604.48 Cr | ₹420.71 Cr |
| Inventories | ₹1,852.85 Cr | ₹1,779.47 Cr | ₹1,232.66 Cr | ₹1,313.8 Cr |
| Trade Receivables | ₹1,949.91 Cr | ₹1,816.99 Cr | ₹1,799.67 Cr | ₹1,328.14 Cr |
| Cash & Equivalents | ₹292.07 Cr | ₹299.76 Cr | ₹258.61 Cr | ₹175.27 Cr |
| Equity (Net Worth) | ₹3,060.35 Cr | ₹2,854.6 Cr | ₹2,511.49 Cr | ₹1,278.43 Cr |
| Equity Share Capital | ₹41.12 Cr | ₹41.12 Cr | ₹41.12 Cr | ₹19.26 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 |
| Borrowings (Current) | ₹737.11 Cr | ₹318.9 Cr | ₹235.48 Cr | ₹477.31 Cr |
| Total Debt (computed) | ₹737.11 Cr | ₹318.9 Cr | ₹235.48 Cr | ₹477.31 Cr |
| Current Liabilities | ₹4,686.54 Cr | ₹4,668.3 Cr | ₹3,572.9 Cr | ₹3,432.69 Cr |
| Total Liabilities | ₹4,895.09 Cr | ₹4,851.85 Cr | ₹3,656.14 Cr | ₹3,519.12 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹41.44 Cr | ₹662.2 Cr | ₹246.83 Cr | ₹308.1 Cr | ₹57.33 Cr |
| Investing Cash Flow | -₹175.93 Cr | -₹494.92 Cr | -₹698.64 Cr | -₹86.12 Cr | -₹2.36 Cr |
| Financing Cash Flow | ₹127.22 Cr | -₹126.09 Cr | ₹539.09 Cr | -₹247.77 Cr | -₹150.1 Cr |
| Capital Expenditure | ₹287.36 Cr | ₹258.15 Cr | ₹235.73 Cr | ₹163.15 Cr | ₹146.55 Cr |
| Free Cash Flow (computed) | -₹245.92 Cr | ₹404.05 Cr | ₹11.1 Cr | ₹144.95 Cr | -₹89.22 Cr |
| Dividends Paid | ₹184.76 Cr | ₹143.92 Cr | ₹115.81 Cr | ₹96.37 Cr | ₹38.75 Cr |
| Net Change in Cash | -₹7.69 Cr | ₹41.19 Cr | ₹87.28 Cr | -₹25.79 Cr | -₹95.13 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹3,862.88 Cr | ₹2,775.2 Cr | ₹2,294.52 Cr | ₹2,846.63 Cr | ₹3,804.7 Cr | ₹2,681.52 Cr | ₹2,126 Cr | ₹2,713.53 Cr | ₹3,122.52 Cr | ₹2,054.86 Cr | ₹1,740.86 Cr | ₹2,080.64 Cr |
| Other Income | ₹21.12 Cr | ₹8.49 Cr | ₹9.5 Cr | ₹15.83 Cr | ₹18.77 Cr | ₹6.12 Cr | ₹15.54 Cr | ₹21.15 Cr | ₹9.59 Cr | ₹9.73 Cr | ₹12.49 Cr | ₹9.49 Cr |
| Total Income | ₹3,884 Cr | ₹2,783.69 Cr | ₹2,304.02 Cr | ₹2,862.46 Cr | ₹3,823.47 Cr | ₹2,687.64 Cr | ₹2,141.54 Cr | ₹2,734.68 Cr | ₹3,132.11 Cr | ₹2,064.59 Cr | ₹1,753.35 Cr | ₹2,090.13 Cr |
| Cost of Materials Consumed | ₹2,007.94 Cr | ₹1,811.75 Cr | ₹1,566.88 Cr | ₹1,669.78 Cr | ₹2,159.21 Cr | ₹1,709.13 Cr | ₹1,373.6 Cr | ₹1,351.66 Cr | ₹1,839.57 Cr | ₹1,376.5 Cr | ₹1,056.19 Cr | ₹1,141.7 Cr |
| Purchases of Stock-in-Trade | ₹696.36 Cr | ₹681.37 Cr | ₹289.71 Cr | ₹753 Cr | ₹797.47 Cr | ₹612.14 Cr | ₹438.57 Cr | ₹669.59 Cr | ₹500.09 Cr | ₹293.88 Cr | ₹225.48 Cr | ₹489.79 Cr |
| Changes in Inventories | ₹432.43 Cr | -₹274.97 Cr | -₹87.77 Cr | -₹186.5 Cr | ₹23.88 Cr | -₹207.54 Cr | -₹201.23 Cr | ₹106.29 Cr | ₹113 Cr | -₹71.06 Cr | ₹49.3 Cr | ₹17.4 Cr |
| Employee Benefit Expense | ₹197.24 Cr | ₹187.72 Cr | ₹195.13 Cr | ₹191.75 Cr | ₹223.6 Cr | ₹188.43 Cr | ₹177.8 Cr | ₹157.86 Cr | ₹177.81 Cr | ₹149.52 Cr | ₹139.69 Cr | ₹130.16 Cr |
| Finance Costs | ₹23.63 Cr | ₹23.37 Cr | ₹17.36 Cr | ₹11.49 Cr | ₹19.52 Cr | ₹16.69 Cr | ₹6.19 Cr | ₹8.49 Cr | ₹13.34 Cr | ₹11.26 Cr | ₹16.03 Cr | ₹15.35 Cr |
| Depreciation & Amortisation | ₹38.52 Cr | ₹36.71 Cr | ₹34.65 Cr | ₹32.27 Cr | ₹26.24 Cr | ₹26.3 Cr | ₹22.62 Cr | ₹21.26 Cr | ₹21.93 Cr | ₹17.79 Cr | ₹17.66 Cr | ₹17.97 Cr |
| Other Expenses | ₹282.64 Cr | ₹204.46 Cr | ₹193.6 Cr | ₹244 Cr | ₹363.21 Cr | ₹213.52 Cr | ₹210 Cr | ₹222.9 Cr | ₹274.57 Cr | ₹183.84 Cr | ₹155.42 Cr | ₹174.31 Cr |
| Total Expenses | ₹3,678.76 Cr | ₹2,670.41 Cr | ₹2,209.56 Cr | ₹2,715.79 Cr | ₹3,613.13 Cr | ₹2,558.67 Cr | ₹2,027.55 Cr | ₹2,538.05 Cr | ₹2,940.31 Cr | ₹1,961.73 Cr | ₹1,659.77 Cr | ₹1,986.68 Cr |
| Profit Before Exceptional Items & Tax | ₹205.24 Cr | ₹113.28 Cr | ₹94.46 Cr | ₹146.67 Cr | ₹210.34 Cr | ₹128.97 Cr | ₹113.99 Cr | ₹196.63 Cr | ₹191.8 Cr | ₹102.86 Cr | ₹93.58 Cr | ₹103.45 Cr |
| Exceptional Items | ₹16.54 Cr | -₹53.73 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹221.78 Cr | ₹59.55 Cr | ₹94.46 Cr | ₹146.67 Cr | ₹210.34 Cr | ₹128.97 Cr | ₹113.99 Cr | ₹196.63 Cr | ₹191.8 Cr | ₹102.86 Cr | ₹93.58 Cr | ₹103.45 Cr |
| Total Tax Expense | ₹58.85 Cr | ₹15.85 Cr | ₹24.55 Cr | ₹38.11 Cr | ₹53.07 Cr | ₹32.06 Cr | ₹29.33 Cr | ₹50.57 Cr | ₹48.28 Cr | ₹26.17 Cr | ₹23.36 Cr | ₹26.38 Cr |
| Net Profit | ₹162.93 Cr | ₹43.7 Cr | ₹69.91 Cr | ₹108.56 Cr | ₹157.27 Cr | ₹96.91 Cr | ₹84.66 Cr | ₹146.06 Cr | ₹143.52 Cr | ₹76.69 Cr | ₹70.22 Cr | ₹77.07 Cr |
| Other Comprehensive Income | -₹1.91 Cr | ₹26 Lakh | ₹25 Lakh | -₹41 Lakh | ₹1.37 Cr | -₹1.26 Cr | -₹1.49 Cr | -₹19 Lakh | -₹65 Lakh | -₹50 Lakh | -₹47 Lakh | -₹6 Lakh |
| Total Comprehensive Income | ₹161.02 Cr | ₹43.96 Cr | ₹70.16 Cr | ₹108.15 Cr | ₹158.64 Cr | ₹95.65 Cr | ₹83.17 Cr | ₹145.87 Cr | ₹142.87 Cr | ₹76.19 Cr | ₹69.75 Cr | ₹77.01 Cr |
| EBITDA (computed) | ₹267.39 Cr | ₹173.36 Cr | ₹146.47 Cr | ₹190.43 Cr | ₹256.1 Cr | ₹171.96 Cr | ₹142.8 Cr | ₹226.38 Cr | ₹227.07 Cr | ₹131.91 Cr | ₹127.27 Cr | ₹136.77 Cr |
| Basic EPS | ₹7.92 | ₹2.13 | ₹3.40 | ₹5.28 | ₹7.65 | ₹4.71 | ₹4.12 | ₹7.10 | ₹6.98 | ₹3.73 | ₹3.62 | ₹4.00 |
| Diluted EPS | ₹7.92 | ₹2.13 | ₹3.40 | ₹5.28 | ₹7.65 | ₹4.71 | ₹4.12 | ₹7.10 | ₹6.98 | ₹3.73 | ₹3.62 | ₹4.00 |
| Segment · FY 2020 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| EMP and Commercial Air Conditioning Systems | ₹2,485.56 Cr | ₹107.33 Cr | - | - |
| Professional Electronics and Industrial Systems | ₹31 Lakh | -₹22 Lakh | - | - |
| Unitary Products | ₹2,300.62 Cr | ₹162.27 Cr | - | - |
Shareholding Pattern of Blue Star Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 36.49%, foreign institutional investors hold 13.80%, domestic institutional investors hold 27.79%, retail and other public shareholders hold 21.91% of Blue Star Limited. The company had 111,852 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 36.49% | 36.49% | 36.49% | 36.49% | 36.47% | 36.46% |
| Public | 63.50% | 63.50% | 63.50% | 63.50% | 63.53% | 63.54% |
| Employee Trusts | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 36.49% | 36.47% | 36.49% | 38.78% | 38.78% | 38.76% | 38.76% | 38.76% | 38.89% | 39.07% | 39.46% |
| Public | 63.50% | 63.53% | 63.51% | 61.22% | 61.22% | 61.24% | 61.24% | 61.24% | 61.11% | 60.93% | 60.54% |
| Employee Trusts | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Promoter change (YoY, %pts) | +0.02 | -0.02 | -2.29 | +0.00 | +0.02 | +0.00 | +0.00 | -0.13 | -0.18 | -0.39 | - |
Board & Governance of Blue Star Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Blue Star Limited has 13 directors - 7 independent and 3 executive. The board is chaired by Vir S Advani.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Vir S Advani | Executive Director · MD · Chairperson | 2010-07-01 | 1 |
| Thiagarajan Balasubramanian | Executive Director · MD | 2013-05-13 | 1 |
| Ponnada Venkata Rao | Executive Director | 2024-08-07 | 0 |
| Dinesh Nanik Vaswani | Non-Executive - Non Independent Director | 2016-12-01 | 1 |
| Rajiv Lulla | Non-Executive - Non Independent Director | 2016-12-01 | 1 |
| Sunaina Murthy | Non-Executive - Non Independent Director | 2019-04-01 | 1 |
| Sam Baman Balsara | Non-Executive - Independent Director | 2017-06-20 | 0 |
| Anil Harish | Non-Executive - Independent Director | 2017-11-22 | 3 |
| Arvind Kumar Singhal | Non-Executive - Independent Director | 2019-02-05 | 2 |
| Anita Ramachandran | Non-Executive - Independent Director | 2022-06-13 | 6 |
| Murlidhar Gangadharan | Non-Executive - Independent Director | 2024-01-30 | 1 |
| Vipin Sondhi | Non-Executive - Independent Director | 2024-01-30 | 3 |
| M S Unnikrishnan | Non-Executive - Independent Director | 2026-01-29 | 4 |
| Committee | Members |
|---|---|
| Audit Committee | Anil Harish (Chairperson), Arvind Kumar Singhal, Murlidhar Gangadharan, Thiagarajan Balasubramanian |
| Nomination and remuneration committee | Anita Ramachandran (Chairperson), Dinesh Nanik Vaswani, Vipin Sondhi, Sam Baman Balsara (Chairperson) |
| Stakeholders Relationship Committee | Arvind Kumar Singhal (Chairperson), Rajiv Lulla, Sunaina Murthy |
| Risk Management Committee | Vir S Advani (Chairperson), Rajiv Lulla, Anil Harish, Thiagarajan Balasubramanian |
| Corporate Social Responsibility Committee | Sunaina Murthy (Chairperson), Anita Ramachandran, M S Unnikrishnan, Thiagarajan Balasubramanian (Chairperson) |
Group Structure of Blue Star Limited
Blue Star Limited has 2 subsidiary companies. This group structure data is as of FY 2024. The corporate group structure reflects Blue Star Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Blue Star Climatech Limited | U29243MH2021PLC360573 | - |
| Blue Star Engineering & Electronics Limited | U70200MH2010PLC204612 | - |
Showing major subsidiaries. Total: 2.
Charges & Borrowings of Blue Star Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jun 2025 | Others | ₹45.79 Lakh | Open |
| 03 Feb 1988 | The Hongkong and Shanghai Banking Corporation Limited | ₹711.5 Cr | Open |
| 30 Nov 2019 | The Hongkong and Shanghai Banking Corporation Limited | ₹50 Cr | Satisfied |
| 26 Oct 2005 | Bnp Paribas Bank | ₹15 Cr | Satisfied |
| 28 Mar 2002 | Icici Ltd | ₹19.5 Cr | Satisfied |
Total charge records: 29 View all charges
Employees and EPFO Compliance at Blue Star Limited
Blue Star Limited has a workforce of 6,240 employees as of Nov 26, 2025.
Employee and EPFO history for Blue Star Limited
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GST Compliance of Blue Star Limited
GST registrations and filing compliance for Blue Star Limited
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Credit Ratings, Litigation & Regulatory Alerts for Blue Star Limited
Credit ratings, litigation, and regulatory alerts for Blue Star Limited
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MSME Payment Delays by Blue Star Limited
MSME payment history for Blue Star Limited
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Subsidiaries & Group Companies of Blue Star Limited
Corporate group structure for Blue Star Limited
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MCA Filings & Documents of Blue Star Limited
MCA filings and documents for Blue Star Limited
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Recent Activity on Blue Star Limited
Recent News on Blue Star Limited
Frequently Asked Questions about Blue Star Limited
Blue Star Limited is an active public limited company in the machinery and equipment sector based in Mumbai, Maharashtra, India. It was incorporated on 20 January 1949 (77+ years old) and is registered under CIN L28920MH1949PLC006870. Listed on BSE: 500067 and NSE: BLUESTARCO. The company has 6,240 employees.
Blue Star Limited reported revenue of ₹12,402 Cr for FY 2026 (up 3.63% YoY) based on consolidated NSE filings.
The current directors of Blue Star Limited are:
- Vir Suneel Advani - Managing Director
- Balasubramanian Thiagarajan - Managing Director
- Sunaina Murthy - Director
- Anita Ramachandran - Director
- Dinesh Nanik Vaswani - Director
- Anil Harish - Director
- Rajiv Ramesh Lulla - Director
- Vipin Sondhi - Director
- Murlidhar Gangadharan - Director
- Mangalath Sukumarapanicker Unnikrishnan - Director
- Mohit Sud - Whole-Time Director
The primary industry of Blue Star Limited is machinery and equipment. The company specifically operates in industrial compressors and pneumatic systems. The company is currently active in this sector.
Yes. Blue Star Limited is listed on both BSE (code: 500067) and NSE (symbol: BLUESTARCO).
Yes, Blue Star Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).