Blue Star Limited

BSE: 500067 NSE: BLUESTARCO
Blue Star Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L28920MH1949PLC006870 Incorporated 20 January 1949 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: BLUESTARCO · BSE: 500067 Public Limited Company machinery and equipment Fortune India 500 · #219 Nifty 500
Data last updated
Market Cap
₹34,399 Cr
BLUESTARCO · NSE
Share Price
₹1,627.90
-2.70% today
Revenue
₹12,402 Cr
FY 2025-26 · +3.6% YoY
EBITDA
₹892 Cr
Margin 7.2%
Net Profit
₹559 Cr
FY 2025-26 · -3.9% YoY
P/E (TTM)
62.1x
P/B 9.6x
ROE
16.2%
ROCE 19.6%
Debt / Equity
0.18
Interest cover 10.1x

About Blue Star Limited

Data last updated:

Blue Star Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 20 January 1949 and has been in existence for over 77 years.

Blue Star is ranked #219 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L28920MH1949PLC006870. Its GSTIN is 27AAACB4487D1ZS (Maharashtra). The company holds 36 GST registrations, of which 33 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500067 and NSE: BLUESTARCO.

The company has an authorised share capital of ₹57.5 Cr and a paid-up capital of ₹41.12 Cr. It was formerly known as Blue Star Engineering Company (Bombay) Ltd. It is led by directors including Vir Suneel Advani (Managing Director) and Balasubramanian Thiagarajan (Managing Director).

Its last annual general meeting (AGM) was held on 06 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 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 3.6% compared to the previous year. For the same year it recorded a net profit of ₹558.85 Cr (net margin 4.5%) and EBITDA of ₹891.57 Cr (EBITDA margin 7.2%). The net worth stands at ₹3,431.41 Cr (up 12% YoY). Total assets are valued at ₹4,364.36 Cr (up 23.2% YoY).

The company has about 6,240 employees on its provident fund (EPFO) records. 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 ₹727.8 Cr and satisfied charges of ₹154.13 Cr on record. Court records list 317 cases involving the company, including 206 filed by the company and 111 filed against it; 31 cases are pending.

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.

Company details

CIN L28920MH1949PLC006870
Registration Number 006870
Incorporation Date 20 January 1949
ROC Mumbai
Listing Status Listed - Listed on NSE (BLUESTARCO); Listed on BSE (500067)
Company Status Active
Date of Last AGM 06 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Blue Star has one previous CIN (Corporate Identification Number): U28920MH1949PLC006870. The current CIN is L28920MH1949PLC006870, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L28920MH1949PLC006870Current
U28920MH1949PLC006870Previous
Key People
Vir Suneel Advani Managing Director Balasubramanian Thiagarajan Managing Director Mohit Sud Whole-Time Director

Recognitions & Rankings of Blue Star

Fortune India 500 2025 edition
Rank#219
Total income
₹12,336 Cr
Profit
₹591 Cr
Last year #254
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#142
Valuation
₹43,340 Cr
2023 #233 2022 #284 2021 #343
Stock market indices
Nifty 500 BSE 500

Contact details

Blue Star Limited's registered office is in Mumbai, Maharashtra. Its website is bluestarindia.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    bluestarindia.com
  • Social Media
  • Registered Address
    Kasturi Buildingjamshedji Tata Road, Mumbai, Maharashtra, India – 400020
  • Industry
    Machinery and Equipment, Industrial Compressors & Pneumatic Systems

To see the full contact details of Blue Star Limited, buy the company report.

Comprehensive company report
Blue Star Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included

Brands

Blue Star operates one associated brand: Blue Star India. Each brand links to its own profile.

BrandDescriptionWebsite
Blue Star India
Blue Star India is engaged in manufacturing air conditioning and refrigeration solutions.bluestarindia.com

Business activity

The main business activities of Blue Star are manufacturing and construction. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and demolition & site preparation, electrical, plumbing & other specialized construction activities. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment
FConstructionF3Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities

To see the full business activity and turnover split of Blue Star Limited, buy the company report.

Financials of Blue Star Limited

FY 2025-26 filings available

Blue Star Limited reported revenue of ₹12,402 Cr (up 3.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹12,402 Cr
+3.6% YoY
EBITDA
₹892 Cr
+1.9% YoY
Profit After Tax
₹559 Cr
-3.9% YoY
Net Worth
₹3,431 Cr
+12.0% YoY
Total Assets
₹4,364 Cr
+23.2% YoY
Total Debt
₹810 Cr
+112.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue12,40211,9689,6857,9776,0644,2645,360
Revenue growth+3.6%+23.6%+21.4%+31.6%+42.2%-20.5%-
EBITDA892875665493346240279
EBITDA margin+7.2%+7.3%+6.9%+6.2%+5.7%+5.6%+5.2%
Profit before tax703785557555251145206
Net profit55958141828216674.62145
Net profit margin+4.5%+4.9%+4.3%+3.5%+2.7%+1.8%+2.7%
EPS (₹)25.6728.7620.1841.5817.4210.4214.88
Balance sheet
Total assets4,3643,5422,9222,0521,6041,4181,327
Net worth3,4313,0652,6101,3311,018885782
Total debt810381243662554510520
Cash & bank402432377243270332294
Net working capital1,7731,1971,101726629449539
Cash flow
Cash from operations15468828924387.40350457
Cash from investing(354)(463)(524)(178)(67.31)(238)(88.23)
Cash from financing137(162)365(75.94)(82.37)(69.57)(167)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3,3784,0722,9252,4222,9824,0192,8072,276
Revenue growth (YoY)+13.3%+1.3%+4.2%+6.4%+4.1%---
Other income29.9345.1211.8810.0116.0723.9921.2418.51
EBITDA175326164182199279209149
EBITDA margin+5.2%+8.0%+5.6%+7.5%+6.7%+6.9%+7.4%+6.5%
Depreciation56.6248.2345.8643.3541.3535.4234.9829.95
Interest13.4723.0622.0916.9210.0718.7515.936.48
Profit before tax135300108132163249179131
Tax32.0872.9127.0733.3942.4154.8246.5335.04
Net profit10322780.5598.7812119413296.06
EPS (₹)4.9911.053.924.805.889.446.444.67
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue11,77911,3268,9997,3535,3953,8424,786
Revenue growth+4.0%+25.9%+22.4%+36.3%+40.4%-19.7%-
EBITDA686736582442292192211
EBITDA margin+5.8%+6.5%+6.5%+6.0%+5.4%+5.0%+4.4%
Profit before tax52265049250519698.35168
Net profit41448836924812640.40124
Net profit margin+3.5%+4.3%+4.1%+3.4%+2.3%+1.1%+2.6%
EPS (₹)18.7323.5817.8738.0713.266.8512.55
Balance sheet
Total assets4,0413,3972,8481,8621,6361,5701,430
Net worth3,0602,8552,5111,2781,008919850
Total debt918500312564611631558
Cash & bank317306262175205300226
Net working capital1,369897906607575452497
Cash flow
Cash from operations41.4466224730458.80308392
Cash from investing(176)(495)(699)(85.97)(7.36)(246)(58.09)
Cash from financing127(126)539(248)(147)15.35(138)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3,1983,8632,7752,2952,8473,8052,6822,126
Revenue growth (YoY)+12.4%+1.5%+3.5%+7.9%+4.9%---
Other income25.2937.668.499.5015.8318.776.1215.54
Total expenses3,0713,6172,6642,1582,6723,5672,5161,999
EBITDA128246111137175237166127
EBITDA margin+4.0%+6.4%+4.0%+6.0%+6.1%+6.2%+6.2%+6.0%
Depreciation46.7938.5236.7134.6532.2726.2426.3022.62
Interest12.9023.6323.3717.3611.4919.5216.696.19
Profit before tax93.2022259.5594.46147210129114
Tax23.8458.8515.8524.5538.1153.0732.0629.33

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 01 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3,3784,0722,9252,4222,9824,0192,8072,276
Revenue growth (YoY)+13.3%+1.3%+4.2%+6.4%+4.1%---
Other income29.9345.1211.8810.0116.0723.9921.2418.51
EBITDA175326164182199279209149
EBITDA margin+5.2%+8.0%+5.6%+7.5%+6.7%+6.9%+7.4%+6.5%
Depreciation56.6248.2345.8643.3541.3535.4234.9829.95
Interest13.4723.0622.0916.9210.0718.7515.936.48
Profit before tax135300108132163249179131
Tax32.0872.9127.0733.3942.4154.8246.5335.04
Net profit10322780.5598.7812119413296.06
EPS (₹)4.9911.053.924.805.889.446.444.67
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue12,40211,9689,6857,9776,0644,2645,360
Revenue growth+3.6%+23.6%+21.4%+31.6%+42.2%-20.5%-
Other income62.4787.5147.9120236.8162.3544.70
Total expenses11,51011,0939,0207,4855,7184,0245,081
Employee cost918919749591509382485
EBITDA892875665493346240279
EBITDA margin+7.2%+7.3%+6.9%+6.2%+5.7%+5.6%+5.2%
Depreciation17912897.6184.7885.9892.2987.99
Interest72.1448.8058.0854.7046.4064.7229.47
Profit before tax703785557555251145206
Tax17619414315582.9047.0965.32
Net profit55958141828216674.62145
Net profit margin+4.5%+4.9%+4.3%+3.5%+2.7%+1.8%+2.7%
EPS (₹)25.6728.7620.1841.5817.4210.4214.88
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital41.1241.1241.1219.2619.2619.2619.26
Reserves & surplus3,3903,0242,5691,311998866763
Shareholders' funds (net worth)3,4313,0652,6101,3311,018885782
Minority interest2.452.602.553.192.962.682.31
Secured loans89.700.000.0020968.572.7585.70
Unsecured loans720381243453485507434
Total debt810381243662554510520
Total liabilities4,3643,5422,9222,0521,6041,4181,327
Assets
Gross block2,4842,1661,7381,347856728734
Net block1,6971,5361,165859433384444
Capital work in progress13712312783.3215271.5367.36
Investments45743226714816229516.87
Inventories2,1662,1491,4071,4331,144882870
Sundry debtors2,1401,9591,9531,5491,190811838
Cash & bank balances402432377243270332294
Loans & advances1,2451,3581,054895735555650
Total current assets5,9535,8994,7914,1213,3382,5802,651
Total current liabilities4,1804,7023,6903,3952,7092,1322,112
Net working capital1,7731,1971,101726629449539
Total assets4,3643,5422,9222,0521,6041,4181,327
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash42035722723932828683.86
Net cash from operating activities15468828924387.40350457
Net cash from investing activities(354)(463)(524)(178)(67.31)(238)(88.23)
Net cash from financing activities137(162)365(75.94)(82.37)(69.57)(167)
Net change in cash(62.84)62.84130(11.16)(62.28)41.78202
Closing cash402432377243270332294
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+3.6%+23.6%+21.4%+31.6%+42.2%-20.5%-
EBITDA growth+1.9%+31.5%+34.9%+42.2%+44.5%-14.0%-
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%-
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 / equity0.180.110.230.520.560.620.52
Long-term debt / equity0.040.030.070.220.350.280.06
Interest cover10.126.5410.2413.4117.8143.8715.45
Efficiency & per share
Fixed asset turnover5.336.136.287.247.665.837.99
Inventory turnover5.756.736.826.195.984.876.16
Debtors turnover6.056.125.535.836.065.175.50
EPS (₹)25.6728.7620.1841.5817.4210.4214.88
Dividend per share (₹)8.509.007.0012.0010.004.0010.00
Book value per share (₹)166.90149.08126.95138.18105.6791.9281.24
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3,1983,8632,7752,2952,8473,8052,6822,126
Revenue growth (YoY)+12.4%+1.5%+3.5%+7.9%+4.9%---
Other income25.2937.668.499.5015.8318.776.1215.54
Total expenses3,0713,6172,6642,1582,6723,5672,5161,999
EBITDA128246111137175237166127
EBITDA margin+4.0%+6.4%+4.0%+6.0%+6.1%+6.2%+6.2%+6.0%
Depreciation46.7938.5236.7134.6532.2726.2426.3022.62
Interest12.9023.6323.3717.3611.4919.5216.696.19
Profit before tax93.2022259.5594.46147210129114
Tax23.8458.8515.8524.5538.1153.0732.0629.33
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue11,77911,3268,9997,3535,3953,8424,786
Revenue growth+4.0%+25.9%+22.4%+36.3%+40.4%-19.7%-
Other income54.9461.5841.3020136.1062.1773.43
Total expenses11,09410,5908,4176,9115,1043,6504,576
Employee cost772748597496422325415
EBITDA686736582442292192211
EBITDA margin+5.8%+6.5%+6.5%+6.0%+5.4%+5.0%+4.4%
Depreciation14296.4275.3580.3480.4988.3484.34
Interest75.8550.8955.9858.1851.4167.8932.37
Profit before tax52265049250519698.35168
Tax13716512413868.0132.4246.80
Net profit41448836924812640.40124
Net profit margin+3.5%+4.3%+4.1%+3.4%+2.3%+1.1%+2.6%
EPS (₹)18.7323.5817.8738.0713.266.8512.55
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital41.1241.1241.1219.2619.2619.2619.26
Reserves & surplus3,0192,8132,4701,259989900830
Shareholders' funds (net worth)3,0602,8552,5111,2781,008919850
Secured loans80.000.000.000.000.002.7569.80
Unsecured loans838500312564611628488
Total debt918500312564611631558
Total liabilities4,0413,3972,8481,8621,6361,5701,430
Assets
Gross block1,8211,5541,2821,014770663673
Net block1,139992764560377345406
Capital work in progress13310445.1752.7811757.7367.76
Investments1,1621,206957450392500221
Inventories1,8531,7791,2331,3141,126868850
Sundry debtors1,9501,8171,8001,3281,019712746
Cash & bank balances317306262175205300226
Loans & advances1,1441,300927774630482559
Total current assets5,2645,2024,2213,5912,9812,3622,381
Total current liabilities3,8944,3053,3162,9842,4061,9101,883
Net working capital1,369897906607575452497
Total assets4,0413,3972,8481,8621,6361,5701,430
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash30025817120129621821.79
Net cash from operating activities41.4466224730458.80308392
Net cash from investing activities(176)(495)(699)(85.97)(7.36)(246)(58.09)
Net cash from financing activities127(126)539(248)(147)15.35(138)
Net change in cash(7.69)41.2787.33(29.78)(95.13)78.01196
Closing cash317306262175205300226
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+4.0%+25.9%+22.4%+36.3%+40.4%-19.7%-
EBITDA growth-6.8%+26.5%+31.5%+51.8%+51.5%-8.8%-
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%-
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 / equity0.240.150.230.510.640.670.51
Long-term debt / equity0.040.040.030.130.310.260.04
Interest cover13.967.9611.0616.0724.3665.2325.57
Efficiency & per share
Fixed asset turnover6.987.997.848.247.535.757.85
Inventory turnover6.497.527.076.035.414.475.61
Debtors turnover6.256.265.756.276.235.275.43
EPS (₹)18.7323.5817.8738.0713.266.8512.55
Dividend per share (₹)8.509.007.0012.0010.004.0010.00
Book value per share (₹)148.85138.84122.15132.75104.7195.4488.23

To see the full year-wise statements and ratios of Blue Star Limited, buy the company report.

Board of directors of Blue Star Limited

Blue Star has 12 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vir Suneel Advani
Also directs: Blue Star Climatech Limited, J. T. Advani Advisory Private Limited, Blue Star Engineering & Electronics Limited
Managing Director01 Apr 201610 Years 7 MonthsCurrent
Balasubramanian Thiagarajan
Also directs: Blue Star Climatech Limited, Blue Star Engineering & Electronics Limited, National Skill Development Corporation
Managing Director01 Apr 201610 Years 7 MonthsCurrent
Sunaina Murthy
Also directs: Currentkids LLP
Director01 Apr 20197 Years 7 MonthsCurrent
Anita Ramachandran
Also directs: Grasim Industries Ltd, Ultratech Cement Limited, FSN E-Commerce Ventures Limited and 5 more
Director13 Jun 20224 Years 4 MonthsCurrent
Dinesh Nanik Vaswani
Also directs: Acuitas Capital Advisors Private Limited
Director01 Dec 20169 Years 11 MonthsCurrent
Anil Harish
Also directs: D. M. Harish & Co. LLP, Oberoi Realty Limited, Advani Hotels and Resorts (India) Limited and 5 more
Director22 Nov 20178 Years 11 MonthsCurrent
Showing 6 of 12 current directors. View all directors

Peer comparison

Blue Star Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Blue Star Limitedthis company₹12,402 Cr (FY 2026)₹558.85 Cr4.5%3.6%6,240Mumbai, Maharashtra, India
Daikin Airconditioning India Private Limited₹10,442 Cr (FY 2025)27.0%Delhi, India
Atlas Copco (India) Private Limited₹5,819.02 Cr (FY 2025)20.0%Dapodi, Pune-411012, Maharashtra, India
Elgi Equipments Limited₹3,568.1 Cr (FY 2025)9.0%Coimbatore, Tamil Nadu, India
Kirloskar Pneumatic Company Limited₹1,650.74 Cr (FY 2025)23.0%Pune, Maharashtra, India

To see the full peer comparison of Blue Star Limited, buy the company report.

Auditor

Blue Star Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2025.

Auditor firmFinancial yearFirm registration number
DELOITTE HASKINS & SELLS LLPFY 2025117366W/W-100018

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 36.50%, foreign institutional investors hold 12.80%, domestic institutional investors hold 28.20% and retail and other public shareholders hold 22.50%.

Promoters: 36.50%DII (Domestic Institutional): 28.20%FII (Foreign Institutional): 12.80%Retail & Others: 22.50%
Sep 2026
QUARTER
36.50% Promoters
28.20% DII (Domestic Institutional)
12.80% FII (Foreign Institutional)
22.50% Retail & Others
Promoter holding - history
Now 36.50% · Sep 2026High 36.50% · Dec 2025Low 36.50% · Dec 2025
35%35.8%36.5%37.3%38%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 36.50%Mar 2026: 36.50%Jun 2026: 36.50%Sep 2026: 36.50%36.50%36.50%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters36.50%36.50%36.50%36.50%
Public63.50%63.50%63.50%63.50%

Charges & borrowings

Open charges
₹727.8 Cr
Satisfied charges
₹154.13 Cr
Breakdown by lending institutions
The Hongkong and Shanghai Banking Corporation Limited₹711.50 Cr
Bank of Baroda₹9.50 Cr
Banque National De Paris French Bank₹5.00 Cr
The New Bank of India₹0.75 Cr
The Hongkong A7 Shanghi Banking Corporation₹0.50 Cr
Others₹0.55 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
27 Jun 2025101127554Others₹45.79 LakhOpen
01 Mar 199990231007Banque National De Paris French Bank₹5 CrOpen
26 Mar 199890230981Bank of Baroda₹1 CrOpen
30 Aug 199490230815Bank of Baroda₹8.5 CrOpen
23 Jan 199190230646State Bank of India₹50,000Open

To see the full charge records of Blue Star Limited, buy the company report.

Total charge records: 37 View all charges

Credit ratings & regulatory alerts

Blue Star Limited was last rated by Care on 29 Jun 2022.

Rating agencyRated onRating
Care29 Jun 2022

To see the full credit ratings and regulatory alerts of Blue Star Limited, buy the company report.

MSME payment delays

Blue Star Limited has 233 MSME Form 1 returns on record between 2008 and 2024, listing 15,125 overdue payments to 1,506 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 1,506)

SupplierAmount dueDue sinceReported on
Capgrid Solutions Private Limited
Rapid Cool Services
an individual supplier
Micro Motion India Private Limited
an individual supplier

To see the full MSME payment records of Blue Star Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Blue Star has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Blue Star Climatech LimitedU29243MH2021PLC360573
Blue Star Engineering & Electronics LimitedU70200MH2010PLC204612

To see the full group structure of Blue Star Limited, buy the company report.

Employees & EPFO

Blue Star Limited has a workforce of 6,240 employees on its EPFO records as of Nov 26, 2025, across 13 active EPFO establishments.

Employee count
6,240
Active EPFO establishments
13
Employee growth
4.35%

GST

Blue Star has 36 GST registrations: 33 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
36
Active
33
Cancelled / inactive
3
GSTINStateStatusRegistered on
27AAACB4487D1ZSMaharashtraActive01 Jul 2017
27AAACB4487D2ZRMaharashtraActive19 Aug 2017
02AAACB4487D1Z4Himachal PradeshActive01 Jul 2017
03AAACB4487D1Z2PunjabActive01 Jul 2017

To see the full GST registrations and return filing status of Blue Star Limited, buy the company report.

Recent activity

Blue Star Limited has 45 board changes on record since 1979: 31 appointments and 14 cessations. The latest: Nikhilesh Natwarlal Panchal was appointed as Additional Director on 14 Aug 2026.

Appointed
Nikhilesh Natwarlal Panchal was appointed as Additional Director.
AGM
Blue Star Limited last Annual general meeting of members was held on 06 Aug 2026 as per latest MCA records.
Appointed
Mohit Sud was appointed as Whole-Time Director.
Filing
Blue Star Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Mangalath Sukumarapanicker Unnikrishnan was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.46 Cr with Charge ID 101127554 was registered on 27 Jun 2025.
Appointed
Venkata Rao Ponnada was appointed as Whole-Time Director.
Ceased
Shailesh Vishnubhai Haribhakti ceased to be Director.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 711.50 Cr registered on 03 Feb 1988 with Charge ID 90230518 was modified on 22 Mar 2024.
Appointed
Murlidhar Gangadharan was appointed as Director.
Appointed
Vipin Sondhi was appointed as Director.
Appointed
Nikhil Ramakrishna Sohoni was appointed as CFO.

107 earlier events are in the company report.

News

Bluestar: Upcoming Quarters Profits Expected to Improve Due to Price Hikes
30 Oct 2026 · Exchange Update
Blue Star: EMPS EBIT Margin Guidance At 7 - 7.5% For FY27
30 Oct 2026 · Exchange Update
Blue Star: Expects Significant Recovery In Second Half, UCP EBIT Margin Steady While October Demand Is Strong
30 Oct 2026 · Exchange Update
BLUESTARCO: Q2 REVENUE 29.3B RUPEES VS 24.22B (YOY); EST 27.6B
29 Oct 2026 · Exchange Update
BLUESTARCO: Q2 CONS NET PROFIT 1.24B RUPEES VS 990M (YOY); EST ---
29 Oct 2026 · Exchange Update
BLUESTARCO: Q2 EBITDA 2B RUPEES VS 1.83B (YOY), EST 1.47B; Q2 EBITDA MARGIN 6.91% VS 7.57% (YOY), EST 5.3%
29 Oct 2026 · Exchange Update

From our blog

Frequently asked questions

Blue Star is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 20 January 1949 (77+ years old) and is registered under CIN L28920MH1949PLC006870. Listed on BSE: 500067 and NSE: BLUESTARCO.

Blue Star reported revenue of ₹12,402 Cr for FY 2025-26 (up 3.6% YoY) based on consolidated financials.

Blue Star has 12 current directors:

The latest financial statements of Blue Star on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 06 August 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Blue Star is 27AAACB4487D1ZS, registered in Maharashtra. The company has 36 GST registrations in all, of which 33 are active and 3 are cancelled or inactive. Other active GSTINs include 27AAACB4487D2ZR (Maharashtra), 02AAACB4487D1Z4 (Himachal Pradesh), 03AAACB4487D1Z2 (Punjab).

The CIN (Corporate Identification Number) of Blue Star is L28920MH1949PLC006870. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Blue Star is a listed company as per MCA records. Its shares are listed on both BSE (code: 500067) and NSE (symbol: BLUESTARCO).

Blue Star has 317 court cases on record: 206 filed by the company and 111 filed against it. 31 are pending. Most are in the district courts.

Blue Star was incorporated on 20 January 1949, making it 77+ years old. It is registered with the Registrar of Companies, Mumbai.

The peers of Blue Star by revenue are Daikin Airconditioning India Private Limited, Atlas Copco (India) Private Limited, Elgi Equipments Limited, Kirloskar Pneumatic Company Limited, all in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).

Nikhilesh Natwarlal Panchal was appointed as Additional Director on 14 Aug 2026. Mohit Sud was appointed as Whole-Time Director on 01 Apr 2026. Mangalath Sukumarapanicker Unnikrishnan was appointed as Director on 29 Jan 2026. Blue Star has 45 board changes on record in total.

Blue Star has 233 MSME Form 1 returns on record between 2008 and 2024, listing 15,125 overdue payments to 1,506 micro and small suppliers. The latest return was filed on 26 Apr 2024.