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Blue Star share price & results

Blue Star· Consumer Durables· Consumer Discretionary

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Indian AC, refrigeration & MEP provider spanning R&D, manufacturing, EPC and after-sales.

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Guidance Hit Rate
21 targets · 57% hit rate 4 achieved · 14 active →
Segment Shift
3 segments tracked See revenue & margin mix below →
Reverse DCF
Reality Gap Ready Test priced-in growth in DCF tool →
Concall & Tone
Q1 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹1,627.9 −2.70% · −₹45.1

Last close 30 Oct 2026 · NSE · INR · Source: Inve

Performance −17.2% 1Y

₹1.4k₹1.6k₹1.8k₹2.0kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 6 Nov 2025Q3 FY26 — 30 Jan 2026Q4 FY26 — 7 May 2026Q1 FY27 — 7 Aug 2026

1Y: ₹1,965.1 on 29 Oct 2025 → ₹1,627.9. High ₹2,016.7 (18 Feb 2026), low ₹1,445.3 (2 Sept 2026).

Previous close
₹1,673
Market cap
₹33.5k Cr
52-week range
₹1,445.3 – ₹2,016.7
One year
−17.02%
Price to earnings (TTM to Sept 2026)
62.44×
Return on equity (TTM to Sept 2026)
15.40%

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue2,750 ₹ crore+19.8% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin4.2 %−1.8 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit38.0 ₹ crore−45.7% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity15.40 %−3.3 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-1.35 %−4.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)8.80 %−19.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Business Mix

Where revenue comes from

3 operating segments · As of 30 Jun 2026

Unitary products 50.0% · ₹1,689.31 Cr
Electro - mechanical projects and commercial air conditioning systems 48.1% · ₹1,625.05 Cr
Professional electronics and industrial systems 1.9% · ₹63.56 Cr

Explore full multi-period segment shift & margins →

Guidance

What management said, and what became of it

4 of 7 judged targets kept · 14 open · verdicts reflect calls analysed to Q1 FY27.

Blue Star management guidance track record on Inve: 21 targets tracked across analysed earnings calls (4 achieved, 3 missed, 14 open).

TargetOriginal wordingSaidLatest callVerdict
Room AC Market Share15% by FY25
Call transcript, Q3 FY25 · 30 Jan 2025		Q3 FY25Q1 FY27:This target for FY25 was missed and is now superseded by the FY27 target.
Call transcript, Q1 FY27 · 7 Aug 2026		Missed
Room AC Market Share15% market share quickly
Call transcript, Q4 FY25 · 8 May 2025		Q4 FY25Q1 FY27:in Q1, room air conditioners market in volume terms grew by 21% is my estimate, and Blue Star grew by 18%. We had a market share loss of 50 basis points in April... we bounced back with a 10 basis point market share in tertiary sales... and another 50 basis points in June.
Call transcript, Q1 FY27 · 7 Aug 2026		At Risk
Total Capex₹750-800 crores over a period of around three years
Call transcript, Q3 FY25 · 30 Jan 2025		Q3 FY25Q1 FY27:In Q1, the capex has been in the region of around Rs.60 Crore to Rs.70 Crore. And annually... should be in the region of around Rs.300 Crore to Rs.350 Crore. This is consistent with the long-term target.
Call transcript, Q1 FY27 · 7 Aug 2026		On Track

Source: Inve Guidance Tracker for Blue Star · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Blue Star's 21 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 18 more targets are in the full ledger.

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Supply chain

Cross-company call evidence

Named counterparties and similar headwinds disclosed on earnings calls.

Similar headwinds reported by sector peers

  • demand conditions · Q2 FY27

    1 other company · demand end market

    Crompton Greaves Consumer Electricals Limited (CROMPTON) reported: The industry is currently facing commodity cost pressures and unpredictable geopolitical developments, which the company is addressing through price increases and cost optimization.

  • weather or labor disruption · Q2 FY27

    1 other company · labor execution

    Metro Brands Limited (METROBRAND) reported: Continued investment in talent and brand building, higher frontline staff costs due to minimum wage revisions, and modest occupancy costs are impacting profitability.

  • freight and shipping · Q2 FY27

    2 other companies · logistics supply chain

    VARMORA (VARMORA) reported: Export revenue fell 18% and export volume fell to 2.03 MSM from 3.42 MSM. FY27 guidance depends on exports reviving. Management says freight is easing (US rates down to about 5,500 from 7,000-7,500)

    SONAM LIMITED (SONAMLTD) reported: Freight costs accounted for 30% to 40% of H1 other expenses (₹7.5 cr), suppressing export competitiveness and prompting a pivot toward domestic markets.

  • supply chain disruption · Q2 FY27

    3 other companies · logistics supply chain

    Metro Brands Limited (METROBRAND) reported: BIS issues for Foot Locker and MetroActiv are constraining supply readiness and expansion pace; FILA's supply chain is erratic due to factory license renewals.

    Kajaria Ceramics Limited (KAJARIACER) reported: Morbi tile exports are expected to drop to ~INR 12,000 crores for FY27 owing to elevated shipping container rates and vessel availability issues.

    Orient Electric Limited (ORIENTELEC) reported: Affects supply chain visibility and business planning.

  • raw material costs · Q2 FY27

    4 other companies · raw material cost

    Havells India Limited (HAVELLS) reported: Macroeconomic uncertainties persist and commodity prices remain elevated, impacting margins in some segments.

    Orient Electric Limited (ORIENTELEC) reported: Continued inflation in copper, aluminum, and crude-linked movements impacts gross margins, requiring ongoing price increases.

    VARMORA (VARMORA) reported: Propane rose from ₹80.53 (Q2 average) to ₹92 now. Input costs are up 14-15% against a 17% price hike, leaving about 3% headroom. Management will raise prices if a large increase lasts 1-1.5 months

    SONAM LIMITED (SONAMLTD) reported: War environment and raw material inflation raised manufacturing costs, which management plans to counter via premium product launches.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

BLUESTARCO ₹1,627.9 −2.70%
Guidance Verdict (21 tracked) 4 kept · 14 open· 3 missed
AI Call Brief · Q1 FY27

Blue Star Q1 FY27

Overview

Symbol
NSE:BLUESTARCO
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Blue Star does

Based on the company's own presentations, annual report and earnings calls.

Blue Star Limited is an Indian air conditioning, refrigeration and MEP (mechanical, electrical, plumbing) solutions provider founded in 1943, operating an integrated business model spanning R&D, manufacturing, trading, EPC contracting and after-sales service. It runs three segments: Electro-Mechanical Projects and Commercial Air Conditioning Systems, which designs and executes cooling/MEP infrastructure for buildings, data centers and factories; Unitary Products, which makes and sells room air conditioners and commercial refrigeration equipment (deep freezers, cold rooms, storage water coolers) through a channel-partner network; and Professional Electronics and Industrial Systems, covering industrial solutions for automotive/steel customers, data security solutions and med-tech equipment. The company manufactures across facilities in India, has a commercial presence in 18+ countries, and is expanding internationally as a contract design and manufacturing (CDM) partner for other OEMs in the US and Europe.

Segments

  • Electro-Mechanical Projects and Commercial Air Conditioning Systems
  • Unitary Products
  • Professional Electronics and Industrial Systems
Manufacturing facilities
7 (India)
Countries with commercial presence
18+
Channel partners
4,000+
Sri City room-AC plant capacity
~9 lakh (900,000) units/year, operating near full capacity
AC & refrigeration equipment maintained (installed/serviced base)
~2 million tonnes
Operating segments
3
Founded 1943Headquarters Mumbai, Maharashtra, India Company website

How the price took the results

close before → close after

Q1 FY27
−3.6%
7 Aug
Q4 FY26
−3.2%
7 May
Q3 FY26
+4.9%
30 Jan
Q2 FY26
−6.9%
6 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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