About Blue Star Limited
Data last updated: 29 September 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 the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹12,402 Cr, a growth of 3.63% compared to the previous year. The net worth stands at ₹3,431.41 Cr (up 11.95% YoY). Total assets are valued at ₹4,364.36 Cr (up 23.22% 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 & SELLS LLP for the financial year 2025. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DELOITTE HASKINS & SELLS LLP | Locked | Locked | Locked |
Complete auditor history for Blue Star Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
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 5 Months | Current |
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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 5 Months | Current |
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Sunaina Murthy
Also directs:
Blue Star Limited, Currentkids Llp
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Director | 01 Apr 2019 | 7 Years 5 Months | Current |
| Anita Ramachandran | Director | 13 Jun 2022 | 4 Years 3 Months | Current |
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Dinesh Nanik Vaswani
Also directs:
Blue Star Limited, Acuitas Capital Advisors Private Limited
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Director | 01 Dec 2016 | 9 Years 9 Months | Current |
| Anil Harish | Director | 22 Nov 2017 | 8 Years 10 Months | Current |
Financials of Blue Star Limited FY 2025-26 filings available
Blue Star Limited reported revenue of ₹12,402 Cr (up 3.63% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 12,402 | 11,968 | 9,685 | 7,977 | 6,064 | 4,264 | 5,360 |
| Revenue growth | +3.8% | +23.0% | +20.5% | +30.9% | +42.1% | -20.8% | +3.7% |
| EBITDA | 892 | 875 | 665 | 493 | 346 | 240 | 279 |
| EBITDA margin | +7.2% | +7.3% | +6.9% | +6.2% | +5.7% | +5.6% | +5.2% |
| Profit before tax | 703 | 785 | 557 | 555 | 251 | 145 | 206 |
| Net profit | 559 | 581 | 418 | 282 | 166 | 74.62 | 145 |
| Net profit margin | +4.5% | +4.9% | +4.3% | +3.5% | +2.7% | +1.8% | +2.7% |
| EPS (₹) | 25.67 | 28.76 | 20.18 | 41.58 | 17.42 | 10.42 | 14.88 |
| Balance sheet | |||||||
| Total assets | 4,364 | 3,542 | 2,922 | 2,052 | 1,604 | 1,418 | 1,327 |
| Net worth | 3,431 | 3,065 | 2,610 | 1,331 | 1,018 | 885 | 782 |
| Total debt | 810 | 381 | 243 | 662 | 554 | 510 | 520 |
| Cash & bank | 402 | 432 | 377 | 243 | 270 | 332 | 294 |
| Net working capital | 1,773 | 1,197 | 1,101 | 726 | 629 | 449 | 539 |
| Cash flow | |||||||
| Cash from operations | 154 | 688 | 289 | 243 | 87.40 | 350 | 457 |
| Cash from investing | (354) | (463) | (524) | (178) | (67.31) | (238) | (88.23) |
| Cash from financing | 137 | (162) | 365 | (75.94) | (82.37) | (69.57) | (167) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,378 | 4,072 | 2,925 | 2,422 | 2,982 | 4,019 | 2,807 | 2,276 |
| Revenue growth (YoY) | +13.3% | +1.3% | +4.2% | +6.4% | +4.1% | +20.8% | +25.3% | +20.4% |
| Other income | 29.93 | 45.12 | 11.88 | 10.01 | 16.07 | 23.99 | 21.24 | 18.51 |
| EBITDA | 175 | 326 | 164 | 182 | 199 | 279 | 209 | 149 |
| EBITDA margin | +5.2% | +8.0% | +5.6% | +7.5% | +6.7% | +6.9% | +7.4% | +6.5% |
| Depreciation | 56.62 | 48.23 | 45.86 | 43.35 | 41.35 | 35.42 | 34.98 | 29.95 |
| Interest | 13.47 | 23.06 | 22.09 | 16.92 | 10.07 | 18.75 | 15.93 | 6.48 |
| Profit before tax | 135 | 300 | 108 | 132 | 163 | 249 | 179 | 131 |
| Tax | 32.08 | 72.91 | 27.07 | 33.39 | 42.41 | 54.82 | 46.53 | 35.04 |
| Net profit | 103 | 227 | 80.55 | 98.78 | 121 | 194 | 132 | 96.06 |
| EPS (₹) | 4.99 | 11.05 | 3.92 | 4.80 | 5.88 | 9.44 | 6.44 | 4.67 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 11,779 | 11,326 | 8,999 | 7,353 | 5,395 | 3,842 | 4,786 |
| Revenue growth | +4.8% | +25.8% | +21.8% | +35.4% | +39.8% | -20.2% | +1.1% |
| EBITDA | 686 | 736 | 582 | 442 | 292 | 192 | 211 |
| EBITDA margin | +5.8% | +6.5% | +6.5% | +6.0% | +5.4% | +5.0% | +4.4% |
| Profit before tax | 522 | 650 | 492 | 505 | 196 | 98.35 | 168 |
| Net profit | 414 | 488 | 369 | 248 | 126 | 40.40 | 124 |
| Net profit margin | +3.5% | +4.3% | +4.1% | +3.4% | +2.3% | +1.1% | +2.6% |
| EPS (₹) | 18.73 | 23.58 | 17.87 | 38.07 | 13.26 | 6.85 | 12.55 |
| Balance sheet | |||||||
| Total assets | 4,041 | 3,397 | 2,848 | 1,862 | 1,636 | 1,570 | 1,430 |
| Net worth | 3,060 | 2,855 | 2,511 | 1,278 | 1,008 | 919 | 850 |
| Total debt | 918 | 500 | 312 | 564 | 611 | 631 | 558 |
| Cash & bank | 317 | 306 | 262 | 175 | 205 | 300 | 226 |
| Net working capital | 1,369 | 897 | 906 | 607 | 575 | 452 | 497 |
| Cash flow | |||||||
| Cash from operations | 41.44 | 662 | 247 | 304 | 58.80 | 308 | 392 |
| Cash from investing | (176) | (495) | (699) | (85.97) | (7.36) | (246) | (58.09) |
| Cash from financing | 127 | (126) | 539 | (248) | (147) | 15.35 | (138) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,198 | 3,863 | 2,775 | 2,295 | 2,847 | 3,805 | 2,682 | 2,126 |
| Revenue growth (YoY) | +12.4% | +1.5% | +3.5% | +7.9% | +4.9% | +21.9% | +30.5% | +22.1% |
| Other income | 25.29 | 37.66 | 8.49 | 9.50 | 15.83 | 18.77 | 6.12 | 15.54 |
| Total expenses | 3,071 | 3,617 | 2,664 | 2,158 | 2,672 | 3,567 | 2,516 | 1,999 |
| EBITDA | 128 | 246 | 111 | 137 | 175 | 237 | 166 | 127 |
| EBITDA margin | +4.0% | +6.4% | +4.0% | +6.0% | +6.1% | +6.2% | +6.2% | +6.0% |
| Depreciation | 46.79 | 38.52 | 36.71 | 34.65 | 32.27 | 26.24 | 26.30 | 22.62 |
| Interest | 12.90 | 23.63 | 23.37 | 17.36 | 11.49 | 19.52 | 16.69 | 6.19 |
| Profit before tax | 93.20 | 222 | 59.55 | 94.46 | 147 | 210 | 129 | 114 |
| Tax | 23.84 | 58.85 | 15.85 | 24.55 | 38.11 | 53.07 | 32.06 | 29.33 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,378 | 4,072 | 2,925 | 2,422 | 2,982 | 4,019 | 2,807 | 2,276 |
| Revenue growth (YoY) | +13.3% | +1.3% | +4.2% | +6.4% | +4.1% | +20.8% | +25.3% | +20.4% |
| Other income | 29.93 | 45.12 | 11.88 | 10.01 | 16.07 | 23.99 | 21.24 | 18.51 |
| EBITDA | 175 | 326 | 164 | 182 | 199 | 279 | 209 | 149 |
| EBITDA margin | +5.2% | +8.0% | +5.6% | +7.5% | +6.7% | +6.9% | +7.4% | +6.5% |
| Depreciation | 56.62 | 48.23 | 45.86 | 43.35 | 41.35 | 35.42 | 34.98 | 29.95 |
| Interest | 13.47 | 23.06 | 22.09 | 16.92 | 10.07 | 18.75 | 15.93 | 6.48 |
| Profit before tax | 135 | 300 | 108 | 132 | 163 | 249 | 179 | 131 |
| Tax | 32.08 | 72.91 | 27.07 | 33.39 | 42.41 | 54.82 | 46.53 | 35.04 |
| Net profit | 103 | 227 | 80.55 | 98.78 | 121 | 194 | 132 | 96.06 |
| EPS (₹) | 4.99 | 11.05 | 3.92 | 4.80 | 5.88 | 9.44 | 6.44 | 4.67 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 12,402 | 11,968 | 9,685 | 7,977 | 6,064 | 4,264 | 5,360 |
| Revenue growth | +3.8% | +23.0% | +20.5% | +30.9% | +42.1% | -20.8% | +3.7% |
| Other income | 62.47 | 87.51 | 47.91 | 202 | 36.81 | 62.35 | 44.70 |
| Total expenses | 11,510 | 11,093 | 9,020 | 7,485 | 5,718 | 4,024 | 5,081 |
| Employee cost | 918 | 919 | 749 | 591 | 509 | 382 | 485 |
| EBITDA | 892 | 875 | 665 | 493 | 346 | 240 | 279 |
| EBITDA margin | +7.2% | +7.3% | +6.9% | +6.2% | +5.7% | +5.6% | +5.2% |
| Depreciation | 179 | 128 | 97.61 | 84.78 | 85.98 | 92.29 | 87.99 |
| Interest | 72.14 | 48.80 | 58.08 | 54.70 | 46.40 | 64.72 | 29.47 |
| Profit before tax | 703 | 785 | 557 | 555 | 251 | 145 | 206 |
| Tax | 176 | 194 | 143 | 155 | 82.90 | 47.09 | 65.32 |
| Net profit | 559 | 581 | 418 | 282 | 166 | 74.62 | 145 |
| Net profit margin | +4.5% | +4.9% | +4.3% | +3.5% | +2.7% | +1.8% | +2.7% |
| EPS (₹) | 25.67 | 28.76 | 20.18 | 41.58 | 17.42 | 10.42 | 14.88 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 41.12 | 41.12 | 41.12 | 19.26 | 19.26 | 19.26 | 19.26 |
| Reserves & surplus | 3,390 | 3,024 | 2,569 | 1,311 | 998 | 866 | 763 |
| Shareholders' funds (net worth) | 3,431 | 3,065 | 2,610 | 1,331 | 1,018 | 885 | 782 |
| Minority interest | 2.45 | 2.60 | 2.55 | 3.19 | 2.96 | 2.68 | 2.31 |
| Secured loans | 89.70 | 0.00 | 0.00 | 209 | 68.57 | 2.75 | 85.70 |
| Unsecured loans | 720 | 381 | 243 | 453 | 485 | 507 | 434 |
| Total debt | 810 | 381 | 243 | 662 | 554 | 510 | 520 |
| Total liabilities | 4,364 | 3,542 | 2,922 | 2,052 | 1,604 | 1,418 | 1,327 |
| Assets | |||||||
| Gross block | 2,484 | 2,166 | 1,738 | 1,347 | 856 | 728 | 734 |
| Net block | 1,697 | 1,536 | 1,165 | 859 | 433 | 384 | 444 |
| Capital work in progress | 137 | 123 | 127 | 83.32 | 152 | 71.53 | 67.36 |
| Investments | 457 | 432 | 267 | 148 | 162 | 295 | 16.87 |
| Inventories | 2,166 | 2,149 | 1,407 | 1,433 | 1,144 | 882 | 870 |
| Sundry debtors | 2,140 | 1,959 | 1,953 | 1,549 | 1,190 | 811 | 838 |
| Cash & bank balances | 402 | 432 | 377 | 243 | 270 | 332 | 294 |
| Loans & advances | 1,245 | 1,358 | 1,054 | 895 | 735 | 555 | 650 |
| Total current assets | 5,953 | 5,899 | 4,791 | 4,121 | 3,338 | 2,580 | 2,651 |
| Total current liabilities | 4,180 | 4,702 | 3,690 | 3,395 | 2,709 | 2,132 | 2,112 |
| Net working capital | 1,773 | 1,197 | 1,101 | 726 | 629 | 449 | 539 |
| Total assets | 4,364 | 3,542 | 2,922 | 2,052 | 1,604 | 1,418 | 1,327 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 420 | 357 | 227 | 239 | 328 | 286 | 83.86 |
| Net cash from operating activities | 154 | 688 | 289 | 243 | 87.40 | 350 | 457 |
| Net cash from investing activities | (354) | (463) | (524) | (178) | (67.31) | (238) | (88.23) |
| Net cash from financing activities | 137 | (162) | 365 | (75.94) | (82.37) | (69.57) | (167) |
| Net change in cash | (62.84) | 62.84 | 130 | (11.16) | (62.28) | 41.78 | 202 |
| Closing cash | 402 | 432 | 377 | 243 | 270 | 332 | 294 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +3.6% | +23.6% | +21.4% | +31.6% | +42.2% | -20.5% | +2.4% |
| EBITDA growth | +1.9% | +31.5% | +34.9% | +42.2% | +44.5% | -14.0% | -16.6% |
| PBT growth | -10.4% | +40.9% | +0.3% | +121.4% | +72.9% | -29.5% | -18.0% |
| Net income growth | -3.9% | +39.2% | +48.0% | +69.7% | +122.9% | -48.5% | -23.4% |
| Revenue CAGR (3Y) | +15.9% | +25.4% | +31.5% | +14.2% | +5.0% | -2.8% | +6.9% |
| EBITDA CAGR (3Y) | +21.9% | +36.2% | +40.5% | +20.9% | +1.2% | -3.4% | +7.8% |
| Profitability & leverage | |||||||
| Net income margin | +4.3% | +4.9% | +4.3% | +5.0% | +2.8% | +2.3% | +2.6% |
| Return on capital employed | +19.6% | +25.8% | +24.8% | +24.5% | +19.7% | +12.5% | +18.4% |
| Return on net worth | +16.2% | +20.8% | +21.0% | +24.1% | +17.7% | +8.7% | +17.0% |
| Debt / equity | 0.18 | 0.11 | 0.23 | 0.52 | 0.56 | 0.62 | 0.52 |
| Long-term debt / equity | 0.04 | 0.03 | 0.07 | 0.22 | 0.35 | 0.28 | 0.06 |
| Interest cover | 10.12 | 6.54 | 10.24 | 13.41 | 17.81 | 43.87 | 15.45 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.33 | 6.13 | 6.28 | 7.24 | 7.66 | 5.83 | 7.99 |
| Inventory turnover | 5.75 | 6.73 | 6.82 | 6.19 | 5.98 | 4.87 | 6.16 |
| Debtors turnover | 6.05 | 6.12 | 5.53 | 5.83 | 6.06 | 5.17 | 5.50 |
| EPS (₹) | 25.67 | 28.76 | 20.18 | 41.58 | 17.42 | 10.42 | 14.88 |
| Dividend per share (₹) | 8.50 | 9.00 | 7.00 | 12.00 | 10.00 | 4.00 | 10.00 |
| Book value per share (₹) | 166.90 | 149.08 | 126.95 | 138.18 | 105.67 | 91.92 | 81.24 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,198 | 3,863 | 2,775 | 2,295 | 2,847 | 3,805 | 2,682 | 2,126 |
| Revenue growth (YoY) | +12.4% | +1.5% | +3.5% | +7.9% | +4.9% | +21.9% | +30.5% | +22.1% |
| Other income | 25.29 | 37.66 | 8.49 | 9.50 | 15.83 | 18.77 | 6.12 | 15.54 |
| Total expenses | 3,071 | 3,617 | 2,664 | 2,158 | 2,672 | 3,567 | 2,516 | 1,999 |
| EBITDA | 128 | 246 | 111 | 137 | 175 | 237 | 166 | 127 |
| EBITDA margin | +4.0% | +6.4% | +4.0% | +6.0% | +6.1% | +6.2% | +6.2% | +6.0% |
| Depreciation | 46.79 | 38.52 | 36.71 | 34.65 | 32.27 | 26.24 | 26.30 | 22.62 |
| Interest | 12.90 | 23.63 | 23.37 | 17.36 | 11.49 | 19.52 | 16.69 | 6.19 |
| Profit before tax | 93.20 | 222 | 59.55 | 94.46 | 147 | 210 | 129 | 114 |
| Tax | 23.84 | 58.85 | 15.85 | 24.55 | 38.11 | 53.07 | 32.06 | 29.33 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 11,779 | 11,326 | 8,999 | 7,353 | 5,395 | 3,842 | 4,786 |
| Revenue growth | +4.8% | +25.8% | +21.8% | +35.4% | +39.8% | -20.2% | +1.1% |
| Other income | 54.94 | 61.58 | 41.30 | 201 | 36.10 | 62.17 | 73.43 |
| Total expenses | 11,094 | 10,590 | 8,417 | 6,911 | 5,104 | 3,650 | 4,576 |
| Employee cost | 772 | 748 | 597 | 496 | 422 | 325 | 415 |
| EBITDA | 686 | 736 | 582 | 442 | 292 | 192 | 211 |
| EBITDA margin | +5.8% | +6.5% | +6.5% | +6.0% | +5.4% | +5.0% | +4.4% |
| Depreciation | 142 | 96.42 | 75.35 | 80.34 | 80.49 | 88.34 | 84.34 |
| Interest | 75.85 | 50.89 | 55.98 | 58.18 | 51.41 | 67.89 | 32.37 |
| Profit before tax | 522 | 650 | 492 | 505 | 196 | 98.35 | 168 |
| Tax | 137 | 165 | 124 | 138 | 68.01 | 32.42 | 46.80 |
| Net profit | 414 | 488 | 369 | 248 | 126 | 40.40 | 124 |
| Net profit margin | +3.5% | +4.3% | +4.1% | +3.4% | +2.3% | +1.1% | +2.6% |
| EPS (₹) | 18.73 | 23.58 | 17.87 | 38.07 | 13.26 | 6.85 | 12.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 41.12 | 41.12 | 41.12 | 19.26 | 19.26 | 19.26 | 19.26 |
| Reserves & surplus | 3,019 | 2,813 | 2,470 | 1,259 | 989 | 900 | 830 |
| Shareholders' funds (net worth) | 3,060 | 2,855 | 2,511 | 1,278 | 1,008 | 919 | 850 |
| Secured loans | 80.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.75 | 69.80 |
| Unsecured loans | 838 | 500 | 312 | 564 | 611 | 628 | 488 |
| Total debt | 918 | 500 | 312 | 564 | 611 | 631 | 558 |
| Total liabilities | 4,041 | 3,397 | 2,848 | 1,862 | 1,636 | 1,570 | 1,430 |
| Assets | |||||||
| Gross block | 1,821 | 1,554 | 1,282 | 1,014 | 770 | 663 | 673 |
| Net block | 1,139 | 992 | 764 | 560 | 377 | 345 | 406 |
| Capital work in progress | 133 | 104 | 45.17 | 52.78 | 117 | 57.73 | 67.76 |
| Investments | 1,162 | 1,206 | 957 | 450 | 392 | 500 | 221 |
| Inventories | 1,853 | 1,779 | 1,233 | 1,314 | 1,126 | 868 | 850 |
| Sundry debtors | 1,950 | 1,817 | 1,800 | 1,328 | 1,019 | 712 | 746 |
| Cash & bank balances | 317 | 306 | 262 | 175 | 205 | 300 | 226 |
| Loans & advances | 1,144 | 1,300 | 927 | 774 | 630 | 482 | 559 |
| Total current assets | 5,264 | 5,202 | 4,221 | 3,591 | 2,981 | 2,362 | 2,381 |
| Total current liabilities | 3,894 | 4,305 | 3,316 | 2,984 | 2,406 | 1,910 | 1,883 |
| Net working capital | 1,369 | 897 | 906 | 607 | 575 | 452 | 497 |
| Total assets | 4,041 | 3,397 | 2,848 | 1,862 | 1,636 | 1,570 | 1,430 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 300 | 258 | 171 | 201 | 296 | 218 | 21.79 |
| Net cash from operating activities | 41.44 | 662 | 247 | 304 | 58.80 | 308 | 392 |
| Net cash from investing activities | (176) | (495) | (699) | (85.97) | (7.36) | (246) | (58.09) |
| Net cash from financing activities | 127 | (126) | 539 | (248) | (147) | 15.35 | (138) |
| Net change in cash | (7.69) | 41.27 | 87.33 | (29.78) | (95.13) | 78.01 | 196 |
| Closing cash | 317 | 306 | 262 | 175 | 205 | 300 | 226 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +4.0% | +25.9% | +22.4% | +36.3% | +40.4% | -19.7% | +0.1% |
| EBITDA growth | -6.8% | +26.5% | +31.5% | +51.8% | +51.5% | -8.8% | -17.5% |
| PBT growth | -19.6% | +32.2% | -2.6% | +157.8% | +99.0% | -41.3% | -6.8% |
| Net income growth | -15.1% | +32.2% | +49.1% | +96.5% | +211.9% | -67.4% | -11.9% |
| Revenue CAGR (3Y) | +17.0% | +28.0% | +32.8% | +15.4% | +4.1% | -3.7% | +5.2% |
| EBITDA CAGR (3Y) | +15.7% | +36.1% | +44.6% | +28.0% | +4.5% | -5.8% | +1.9% |
| Profitability & leverage | |||||||
| Net income margin | +3.3% | +4.3% | +4.1% | +5.0% | +2.4% | +1.7% | +2.5% |
| Return on capital employed | +16.1% | +22.4% | +23.3% | +22.8% | +15.4% | +8.5% | +14.4% |
| Return on net worth | +13.0% | +18.1% | +19.4% | +21.7% | +13.3% | +4.6% | +13.4% |
| Debt / equity | 0.24 | 0.15 | 0.23 | 0.51 | 0.64 | 0.67 | 0.51 |
| Long-term debt / equity | 0.04 | 0.04 | 0.03 | 0.13 | 0.31 | 0.26 | 0.04 |
| Interest cover | 13.96 | 7.96 | 11.06 | 16.07 | 24.36 | 65.23 | 25.57 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 6.98 | 7.99 | 7.84 | 8.24 | 7.53 | 5.75 | 7.85 |
| Inventory turnover | 6.49 | 7.52 | 7.07 | 6.03 | 5.41 | 4.47 | 5.61 |
| Debtors turnover | 6.25 | 6.26 | 5.75 | 6.27 | 6.23 | 5.27 | 5.43 |
| EPS (₹) | 18.73 | 23.58 | 17.87 | 38.07 | 13.26 | 6.85 | 12.55 |
| Dividend per share (₹) | 8.50 | 9.00 | 7.00 | 12.00 | 10.00 | 4.00 | 10.00 |
| Book value per share (₹) | 148.85 | 138.84 | 122.15 | 132.75 | 104.71 | 95.44 | 88.23 |
Shareholding Pattern of Blue Star Limited
As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 36.50%, foreign institutional investors hold 12.80%, domestic institutional investors hold 28.20%, retail and other public shareholders hold 22.50% of Blue Star Limited.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | |
|---|---|---|---|---|
| Promoters | 36.50% | 36.50% | 36.50% | 36.50% |
| Public | 63.50% | 63.50% | 63.50% | 63.50% |
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 2025-26 (up 3.63% YoY) based on consolidated financials.
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).