# BLUESTARCO (BLUESTARCO) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/bluestarco

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,531.8
- Change: -1.37%
- As of: 2026-09-18
- 1D return: -1.37%
- 5D return: +1.18%
- 1M return: +1.44%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, the stock is trading at ₹1531.8, exhibiting a mixed technical stance across different timeframes. The daily timeframe shows the price above the 20-day Exponential Moving Average (EMA) and Simple Moving Average (SMA), suggesting some short-term upward momentum, yet it is below the 50-day and 200-day SMAs and the Supertrend indicator, indicating broader daily caution. The weekly and monthly timeframes present a more bearish picture, with the price below key moving averages and the Supertrend indicator on both, signaling a weaker trend over longer periods. Recent anomalies include a high-severity downward move on September 15, 2026, with a wide intraday range and a price decline of 5%, and a high-severity upward move on September 11, 2026, characterized by high volume and a 3% price increase.

The nearest resistance is observed at ₹1534.33, a pivot level approximately 0.17% above the current price. Further resistance lies at ₹1567.71. On the downside, immediate support is found at ₹1525.47, about 0.41% below the current price, followed by ₹1510.67. The stock's current setup involves elevated risk, with annualized volatility at 35% and a recent drawdown of 34%. The active monthly Harami pattern on September 18, 2026, suggests potential for a trend reversal, though its significance is yet to be confirmed by subsequent price action.

- Nearest resistance level: ₹1534.33
- Nearest support level: ₹1525.47
- Daily trend shows price above 20-day EMA and SMA, but below longer-term averages and Supertrend.
- Weekly and monthly trends are bearish, with price below key moving averages and Supertrend.
- Active monthly Harami pattern noted as of September 18, 2026.

- Harami
- Morning Star
- Bearish Engulfing Reversal
- Outside Bar
- Bullish Engulfing Reversal

### News Context

Blue Star's stock experienced a notable decline on September 15, closing down ₹73.20, or 4.69%, on the BSE to ₹1,486.80. This movement followed news that the company's partner in Oman is seeking to annul an arbitration award in a Dubai court. In broader market context, companies in the consumer durables and electronics sector, including Blue Star, are reportedly focusing on premiumization strategies to stimulate demand during the upcoming festive season. This approach aims to counter rising input costs, with some brands willing to absorb certain cost increases and potentially sacrifice margins to maintain sales volumes, particularly in the mass-market and rural segments.

- On September 15, Blue Star shares closed at ₹1,486.80, a decrease of ₹73.20 (4.69%) on the BSE.
- The company's Oman partner has initiated proceedings in a Dubai court to annul an arbitration award.
- Blue Star is mentioned among consumer durables and electronics makers looking to leverage premiumization for festive season demand.
- Industry trends indicate a focus on localization and product adjustments to manage rising input costs and protect margins during the festive period.

- Stocks to watch for September 16: HDFC Bank, BHEL, Bharat Forge, Vedanta and more
- Blue Star says Oman partner seeks annulment of arbitration award in Dubai court
- Brands turn to localisation, product cuts to protect festive margins
- Consumer durables and electronics makers bet on premiumisation to drive festive demand
- Companies hunt for margin, pricing balance

### What Changed

As of September 18, 2026, Blue Star's stock price has seen a slight decrease, closing at ₹1531.8 compared to its previous price of ₹1553.0. The available evidence does not indicate any new filings or news developments for the company. The company's profile on the NSE remains unchanged.

- On September 18, 2026, Blue Star's stock closed at ₹1531.8.
- The previous closing price for Blue Star's stock was ₹1553.0.
- No new filings or news developments were reported for Blue Star as of September 18, 2026.

### Official Filings

Blue Star Limited is seeking shareholder approval for the appointment of Mr. Nikhilesh Panchal as an Independent Director. This appointment, if approved, would be for a five-year term commencing August 14, 2026, and concluding August 13, 2031. The company is utilizing a postal ballot for this resolution, with the e-voting period open from September 17, 2026, to October 16, 2026. Mr. Panchal is a partner at Khaitan & Co., a firm that has provided professional services to Blue Star Limited, receiving fees of approximately ₹25 lakhs in the financial year 2025-26 and ₹20 lakhs up to August 2026.

In parallel, the company is engaging with investors and analysts. Blue Star Limited has scheduled several group meetings in September 2026. These include participation in the Axis Capital annual flagship conference in Mumbai on September 22, 2026, and the J.P. Morgan India Consumption forum in Gurugram on September 24, 2026. Earlier in the month, the company's Group CFO attended Axis Capital's Consumer & Tech conference in Mumbai on September 10, 2026, and the Jefferies India Forum 2026 in Gurgaon on September 16, 2026. These interactions provide opportunities for management to discuss company strategy and performance with market participants.

- Shareholder vote via postal ballot for the appointment of Mr. Nikhilesh Panchal as Independent Director is open from September 17, 2026, to October 16, 2026.
- The proposed term for Mr. Panchal's directorship is five years, from August 14, 2026, to August 13, 2031.
- Khaitan & Co., where Mr. Panchal is a partner, received professional fees from Blue Star Limited totaling approximately ₹25 lakhs in FY 2025-26 and ₹20 lakhs up to August 2026.
- Blue Star Limited participated in investor and analyst meetings on September 10, 2026, and September 16, 2026.
- Further investor and analyst meetings are scheduled for September 22, 2026, and September 24, 2026.

- Blue Star Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL
- Blue Star Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Blue Star Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting
- Blue Star Limited has informed the Exchange regarding 'Update under Regulation 30 of Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations, 2015'. |SUBJECT: Updates
- AS ON DATE : 31-Mar-2026 | PR_AND_PRGRP: 36.49 | PUBLIC_VAL: 63.5 | EMPTR: .01 | NDS_REVISED_STATUS: Revised | SUBMISSION_DT: 16-Apr-2026 | REVISION_DT: 09-Sep-2026
- Blue Star Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Record Date Updates |SUBJECT: Record Date Updates
- Blue Star Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Blue Star Limited has informed regarding Update on completion of sale and transfer of MedTech business of Blue Star Engineering & Electronics Limited, a wholly owned subsidiary of the Company |SUBJECT: Disclosure of material issue

### Fundamentals

Blue Star's recent operating performance shows a mixed trajectory. For the quarter ending June 2026 (Q1 FY2026-27), Revenue from Operations was ₹3,377.92 crore, a sequential decrease from ₹4,072.06 crore in the prior quarter (Q4 FY2025-26). Profit Before Tax for Q1 FY2026-27 stood at ₹134.79 crore, down from ₹296.44 crore in Q4 FY2025-26. The Operating Profit Margin (OPM) for Q1 FY2026-27 was 5.0%, a decrease from 7.0% in Q4 FY2025-26.

Looking at the balance sheet, Borrowings increased to ₹381 crore in March 2025 and are projected to rise to ₹810 crore by March 2026, from ₹243 crore in March 2024. Equity Capital saw a significant jump to ₹41 crore in March 2024 from ₹19 crore in prior years, with Reserves also growing to ₹2,569 crore in March 2024 and projected to reach ₹3,390 crore by March 2026. Fixed Assets have shown substantial growth, reaching ₹1,165 crore in March 2024 and projected to increase to ₹1,697 crore by March 2026. Investments have also increased, standing at ₹267 crore in March 2024 and projected to reach ₹457 crore by March 2026. Total Assets have grown to ₹6,611 crore in March 2024 and are projected to reach ₹8,567 crore by March 2026. The Cash Conversion Cycle has shifted from negative territory in prior years to a projected positive 16.0 days by March 2025 and 20.0 days by March 2026, indicating a potential change in working capital management.

Key monitoring areas include the trend in Borrowings, the management of the Cash Conversion Cycle, and the sustainability of Operating Profit Margins amidst revenue fluctuations.

- For Q1 FY2026-27, Revenue from Operations was ₹3,377.92 crore, with Profit Before Tax at ₹108.31 crore and an OPM of 5.0%.
- Borrowings are projected to increase significantly from ₹243 crore in March 2024 to ₹810 crore by March 2026.
- Fixed Assets have grown to ₹1,165 crore in March 2024 and are projected to reach ₹1,697 crore by March 2026.
- The Cash Conversion Cycle is projected to turn positive, moving from -18.0 days in March 2024 to 16.0 days by March 2025 and 20.0 days by March 2026.
- Reserves have grown to ₹2,569 crore in March 2024 and are projected to reach ₹3,390 crore by March 2026.

### Bull Case

Blue Star's operating performance shows signs of improvement, particularly in cash flow generation. The company has demonstrated a significant increase in cash flow from operations, which has positively impacted its free cash flow. This strengthening of cash flow generation is a constructive signal for the company's financial health.

- Cash flow from operating activities increased to ₹457.0 in the period ending March 2020, up from ₹258.0 in the period ending March 2019.
- Free Cash Flow rose to ₹376.0 for the period ending March 2020, compared to ₹180.0 for the period ending March 2019.
- Net Cash Flow saw a substantial increase, reaching ₹202.0 in the period ending March 2020, from ₹13.0 in the period ending March 2019.

- Stocks to watch for September 16: HDFC Bank, BHEL, Bharat Forge, Vedanta and more
- Blue Star says Oman partner seeks annulment of arbitration award in Dubai court
- Brands turn to localisation, product cuts to protect festive margins
- Consumer durables and electronics makers bet on premiumisation to drive festive demand
- Companies hunt for margin, pricing balance

### Bear Case

The company's financial position shows an increase in borrowings from ₹348 crore in March 2019 to ₹520 crore in March 2020. While total assets grew to ₹3,439 crore in March 2020 from ₹3,351 crore in March 2019, this growth was accompanied by a rise in total liabilities. The company's reserves decreased from ₹854 crore in March 2019 to ₹763 crore in March 2020. In terms of profitability, the trailing twelve months (TTM) show a 1% decrease in compounded profit growth, contrasting with a 50% growth over five years. The company's stock is currently trading below its 50-day and 200-day simple moving averages, and the weekly trend indicator is bearish, suggesting potential short-term headwinds.

- Borrowings increased to ₹520 crore in March 2020 from ₹348 crore in March 2019.
- Reserves declined to ₹763 crore in March 2020 from ₹854 crore in March 2019.
- Compounded profit growth for the trailing twelve months (TTM) was -1%, compared to 50% over five years.
- The weekly trend indicator is bearish, and the stock is trading below its 50-day and 200-day simple moving averages.

- Stocks to watch for September 16: HDFC Bank, BHEL, Bharat Forge, Vedanta and more
- Blue Star says Oman partner seeks annulment of arbitration award in Dubai court
- Brands turn to localisation, product cuts to protect festive margins
- Consumer durables and electronics makers bet on premiumisation to drive festive demand
- Companies hunt for margin, pricing balance

### FAQs

**How has Blue Star's financial health changed between March 2019 and March 2020?**

Between March 2019 and March 2020, Blue Star's total assets increased from ₹3,351 crore to ₹3,439 crore, while total liabilities also rose from ₹3,351 crore to ₹3,439 crore. Borrowings significantly increased from ₹348 crore to ₹520 crore. Equity Capital remained stable at ₹19 crore, but Reserves decreased from ₹854 crore to ₹763 crore. Cash Flow from Operations (CFO) improved from ₹84 crore to ₹192 crore, and Free Cash Flow grew from ₹180 crore to ₹376 crore.

**What is the recent trend in Blue Star's sales and profit growth?**

Over the last five years, Blue Star has shown a Compounded Sales Growth of 24% and a Compounded Profit Growth of 50%. However, for the Trailing Twelve Months (TTM) period, Compounded Sales Growth was 6%, while Compounded Profit Growth was -1%.

**What are the key technical indicators for Blue Star as of September 18, 2026?**

As of September 18, 2026, Blue Star's daily trend indicators show the closing price at ₹1,531.80. The Exponential Moving Average (EMA) 20 is ₹1,510.95, and the EMA 50 is ₹1,549.65. The Supertrend indicator is at ₹1,572.53, with a 'bearish' direction. Weekly trend indicators also show a 'bearish' Supertrend at ₹1,802.50, with the EMA 20 at ₹1,599.18 and EMA 50 at ₹1,702.27. The stock has experienced a current drawdown of -34% and a maximum drawdown of -38%.

**What recent corporate announcements has Blue Star made?**

Blue Star has announced a postal ballot shareholders meeting scheduled for September 17, 2026, to vote on appointing Mr. Nikhilesh Panchal as an Independent Director for a five-year term starting August 14, 2026. The company also scheduled investor meetings in September 2026, including events in Mumbai on September 22 and Gurugram on September 24. Additionally, the company provided its shareholding pattern as of March 31, 2026, showing promoter and promoter group shareholding at 36.49% and public shareholding at 63.5%.

- Stocks to watch for September 16: HDFC Bank, BHEL, Bharat Forge, Vedanta and more
- Blue Star says Oman partner seeks annulment of arbitration award in Dubai court
- Brands turn to localisation, product cuts to protect festive margins
- Consumer durables and electronics makers bet on premiumisation to drive festive demand
- Companies hunt for margin, pricing balance
- Blue Star Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL
- Blue Star Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Blue Star Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting
- Blue Star Limited has informed the Exchange regarding 'Update under Regulation 30 of Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations, 2015'. |SUBJECT: Updates
- AS ON DATE : 31-Mar-2026 | PR_AND_PRGRP: 36.49 | PUBLIC_VAL: 63.5 | EMPTR: .01 | NDS_REVISED_STATUS: Revised | SUBMISSION_DT: 16-Apr-2026 | REVISION_DT: 09-Sep-2026
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹1,534.33
- Risk regime: Higher Price Risk

### Support levels
- 1525.475
- 1508.1
- 1460.65

### Resistance levels
- 1567.70625
- 1679.8
- 1798.25

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.37% |
| return_10 | +3.10% |
| return_1m | +2.60% |
| return_1y | -21.89% |
| return_20 | +1.44% |
| return_3m | -10.23% |
| return_5 | +1.18% |
| return_6m | -15.82% |
| return_since_start | -32.22% |
| return_ytd | -13.57% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -38.17% |
| annualized_volatility | +34.77% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue rises 13% but profit falls 15% as expenses outpace sales growth

Blue Star Limited’s revenue for the first quarter of FY2026-27 grew 13.3% year-on-year to ₹3,377.9 crore, while net profit declined 15.2% to ₹102.5 crore. The profit contraction was accompanied by faster growth in other expenses and finance costs relative to revenue, compressing operating margins. A reported exceptional gain of ₹9.2 crore partially offset the decline.

## Revenue Growth and Profit Contraction

Revenue from operations increased 13.3% to ₹3,377.9 crore from ₹2,982.3 crore in Q1 FY2025-26. However, profit before exceptional items and tax fell 23.7% to ₹125.6 crore from ₹164.6 crore. The pre-exceptional profit margin narrowed from 5.52% to 3.72%.

Net profit (profit for the period) declined 15.2% to ₹102.5 crore from ₹120.8 crore, with the net profit margin falling from 4.05% to 3.04%.

## Expense Trends

Among the expense lines with comparable prior-year data, other expenses rose 15.7% to ₹307.4 crore from ₹265.7 crore, and finance costs increased 33.8% to ₹13.5 crore from ₹10.1 crore. Both grew faster than the 13.3% revenue increase, contributing to the profit decline.

## Exceptional Items and Tax

The company reported an exceptional gain of ₹9.2 crore (subject to confirmation) in the current quarter, compared with nil a year ago. Including this gain, profit before tax was ₹134.8 crore, down 18.1% from ₹164.6 crore.

Tax expense decreased 24.4% to ₹32.1 crore from ₹42.4 crore, partly cushioning the net profit decline. As a result, net profit fell 15.2%, a smaller drop than the 23.7% decline in pre-exceptional profit.

## Management Commentary

Blue Star's Q1FY27 consolidated revenue grew 13.3% to Rs 3,377.92 crores, but rising input costs and a delayed summer compressed EBITDA margin to 5.2% from 6.7%. The Electro-Mechanical Projects segment saw strong order bookings from data centre investments, while the Unitary Products segment faced margin pressure due to inventory pile-up and subdued pricing. The order book improved 13.5% to Rs 7,764.38 crores.

Chairman & MD Vir S. Advani noted that the company will prudently balance volume growth and margins amid volatile commodity prices and exchange rates. He highlighted the strong momentum in data centre projects as a key growth driver for coming quarters. However, given the ongoing West Asia conflict and market uncertainties, management adopts a cautious outlook for the remainder of FY27, while acknowledging strong medium-term fundamentals in the HVAC&R industry.

## Key Takeaway

Blue Star’s revenue grew 13% in Q1 FY2026-27, but net profit fell 15% as other expenses and finance costs rose faster than revenue. The reported exceptional gain partially offset the decline. Profitability was compressed compared to the year-ago quarter.

### Ratios

## Official filings

- 2026-09-16 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1898_WebXMLFile_20260916_184917375.xml)
- 2026-09-16 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_16092026185624_ScheduleIntimationUploadtoSE16092026.pdf)
- 2026-09-16 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_16092026185428_BSLstockexchangeintimationpostalballotnotice16092026.pdf)
- 2026-09-15 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_15092026170820_Stock_Exchange-OmanCaseArbitrationupdate15092026.pdf)
- 2026-09-11 — Shareholding Disclosure: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1722966_09092026045606_WEB.xml)
- 2026-09-05 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_05092026193535_ScheduleIntimationUploadtoSE04092026.pdf)
- 2026-09-04 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/BLUESTARCO_04092026120414_1RecorddateSep26.pdf)
- 2026-09-04 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1898_WebXMLFile_20260904_174711554.xml)
- 2026-09-04 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1898_WebXMLFile_20260904_175105787.xml)
- 2026-09-02 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_02092026165704_Stock_Exchange-Update_on_MEdTech_Transfer.pdf)
- 2026-08-14 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1898_WebXMLFile_20260814_211202508.xml)
- 2026-08-14 — Agreement Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_14082026210130_Stock_Exchange-Project_Bombay.pdf)
- 2026-08-13 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1898_WebXMLFile_20260813_192622583.xml)
- 2026-08-13 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_13082026184721_LettertoExchanges-Q1FY27EarningsCallTranscript.pdf)
- 2026-08-07 — Earnings Presentation: Blue Star Limited has filed an Investors’ Presentation for the First Quarter ended on June 30, 2026. The presentation details business performance across segments, including strong order bookings in Electro-Mechanical Projects driven by data centers and momentum in Commercial Air Conditioning Systems. The Room Air Conditioner business saw robust revenue growth but faced margin pressure due to rising input costs and currency depreciation. The Commercial Refrigeration business experienced degrowth, and the Professional Equipment and Industrial Solutions segment declined due to challenges in the Med Tech business. Financial highlights for Q1FY27 show a decrease in Revenue by 13% and EBITDA by 24% compared to the previous period. — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_07082026112426_InvestorpresentationtoSE.pdf)
- 2026-08-07 — Press Release: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_07082026214714_FinancialsQ1FY27Communicationtoshareholders.pdf)
- 2026-08-07 — Generic Announcement: For the first quarter ended June 30, 2026, Blue Star Limited reported a 13.3% increase in revenue to Rs 3,377.92 crore, while EBITDA decreased to Rs 174.95 crore and net profit declined to Rs 102.53 crore compared to the same period in the previous year. The carried-forward order book grew by 13.5% to Rs 7,764.38 crore. Segment I (Electro-Mechanical Projects & Commercial Air Conditioning Systems) revenue grew 15.1% to Rs 1,625.05 crore, with a significant inflow of Data Center MEP project orders. Segment II (Unitary Products) revenue grew 12.8% to Rs 1,689.31 crore, but segment results declined due to inventory liquidation and margin pressures. Segment III (Professional Electronics and Industrial Systems) revenue decreased by 9.7% to Rs 63.56 crore, though segment margins improved. — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_07082026112752_InvestorsUpdatetoUploadtoSE07082026.pdf)
- 2026-08-07 — Generic Announcement: Blue Star Limited has filed an Investors’ Presentation for the First Quarter ended on June 30, 2026. The presentation details business performance across segments, including strong order bookings in Electro-Mechanical Projects driven by data centers and momentum in Commercial Air Conditioning Systems. The Room Air Conditioner business saw robust revenue growth but faced margin pressure due to rising input costs and currency depreciation. The Commercial Refrigeration business experienced degrowth, and the Professional Equipment and Industrial Solutions segment declined due to challenges in the Med Tech business. Financial highlights for Q1FY27 show a decrease in Revenue by 13% and EBITDA by 24% compared to the previous period. — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_07082026112905_InvestorpresentationtoSE.pdf)
- 2026-08-07 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_07082026173756_AudiorecordingofInvestorsConcallQ1FY27.pdf)
- 2026-08-07 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1898_WebXMLFile_20260807_174004282.xml)
- 2026-08-07 — Management Change: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_07082026160910_SEintimationscrutiniserreport_Upload_-_Final.pdf)
- 2026-08-06 — Press Release: Blue Star Limited reported Q1FY27 consolidated revenue growth of 13.3% to Rs 3,377.92 crores, compared to Rs 2,982.25 crores in Q1FY26. Operating profit (EBITDA) decreased to Rs 174.95 crores from Rs 199.99 crores, and net profit declined to Rs 102.51 crores from Rs 120.82 crores, impacted by rising input costs and a subdued summer season. The company's order book grew 13.5% to Rs 7,764.38 crores as of June 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_06082026145848_Pressrelease06082026_-_Financials.pdf)
- 2026-08-06 — Generic Announcement: Blue Star Limited's Board of Directors, on August 6, 2026, approved the appointment of Mr. Nikhilesh Panchal as an Additional Director, designated as an Independent Director. This appointment is for a term of five consecutive years, commencing August 14, 2026, and is subject to shareholder approval via postal ballot. Mr. Panchal is a practicing lawyer with over 35 years of experience in corporate and commercial law. — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_06082026143619_BSLBMchangeindirectors06082026.pdf)
- 2026-08-06 — Management Change: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1898_WebXMLFile_20260806_144936500.xml)
- 2026-08-06 — Management Change: Blue Star Limited's Board of Directors, on August 6, 2026, approved the appointment of Mr. Nikhilesh Panchal as an Additional Director, designated as an Independent Director. This appointment is for a term of five consecutive years, commencing August 14, 2026, and is subject to shareholder approval via postal ballot. Mr. Panchal is a practicing lawyer with over 35 years of experience in corporate and commercial law. — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_06082026143449_BSLBMchangeindirectors06082026.pdf)

## News and market events

- 2026-09-15 — CNBC-TV18: **Stocks to watch for September 16: HDFC Bank, BHEL, Bharat Forge, Vedanta and more** — From BHEL signing a joint venture agreement with Titagarh Rail Systems to Sonata Information Technology signing a five-year Strategic Collaboration Agreement (SCA) with Amazon Web Services, here are the stocks to track ahead of Wednesday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-16-hdfc-bank-bhel-bharat-forge-blue-star-and-more-19991194.htm)
- 2026-09-15 — CNBC-TV18: **Blue Star says Oman partner seeks annulment of arbitration award in Dubai court** — Shares of Blue Star Ltd ended at ₹1,486.80, down by ₹73.20, or 4.69%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/blue-star-share-price-says-oman-partner-seeks-annulment-of-arbitration-award-in-dubai-court-19991145.htm)
- 2026-09-14 — Economic Times: **Brands turn to localisation, product cuts to protect festive margins** — Brands are trying to protect festive-season demand from rising input costs by increasing localisation, using alternative materials, simplifying products and improving operational efficiency. Companies plan measured price hikes but are willing to absorb some cost increases and sacrifice margins as mass-market and rural demand remain under pressure. — [Source](https://economictimes.indiatimes.com/industry/cons-products/durables/brands-turn-to-localisation-product-cuts-to-protect-festive-margins/articleshow/134235776.cms)
- 2026-09-14 — MONEYCONTROL: **Consumer durables and electronics makers bet on premiumisation to drive festive demand** — Haier, LG India, Dreame technology, Blue Star, consumer electrcinics, Crompton Greaves , festive season, — [Source](https://www.moneycontrol.com/news/companies/consumer-electronics/consumer-durables-and-electronics-makers-bet-on-premiumisation-to-drive-festive-demand-14029306.html)
- 2026-09-14 — Times of India: **Companies hunt for margin, pricing balance** — India Business News: Mumbai: Localisation, using alternatives wherever feasible and removing non-essential product features to cut cost of production. These are some measu. — [Source](https://timesofindia.indiatimes.com/business/india-business/copanies-hunt-for-margin-pricing-balance/articleshow/134229769.cms)
- 2026-09-11 — Economic Times: **LG Electronics India in Jefferies’ ‘pole position’; bull case points to 21% upside** — Jefferies retains a Buy rating on LG Electronics India with a Rs 1,895 target and sees Rs 2,000 in its bull case. Growth could come from premiumisation, exports, B2B expansion, higher in-house production and Sri City capacity expansion over time. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/lg-electronics-india-in-jefferies-pole-position-bull-case-points-to-21-upside/articleshow/134061715.cms)
- 2026-09-08 — MONEYCONTROL: **Trade Spotlight: How should you trade Titagarh Rail Systems, AIA Engineering, Apollo Hospitals, Divis Labs, Blue Star, and others on September 8?** — Trade Spotlight — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-titagarh-rail-systems-aia-engineering-apollo-hospitals-divis-labs-blue-star-and-others-on-september-8-14024785.html)
- 2026-09-06 — Times of India: **25_Vij_MNS_25-Samdani-Assembly-Lokesh-Skill-Dev | Vijayawada News - The Times of India** — Andhra Pradesh to launch AI-based skill portal by March-end; 22 industrial clusters planned to create 20 lakh jobs in 5 years, says Nara Lokesh. — [Source](https://timesofindia.indiatimes.com/city/vijayawada/25_vij_mns_25-samdani-assembly-lokesh-skill-dev/articleshow/133824961.cms)
- 2026-08-21 — The Hindu: **Appliance maker Atomberg Technologies files for IPO** — Atomberg Technologies files for an IPO worth ₹450 crore, aiming to boost growth in India's consumer appliances market. — [Source](https://www.thehindubusinessline.com/markets/appliance-maker-atomberg-technologies-files-for-ipo/article71372113.ece)
- 2026-08-21 — CNBC-TV18: **Atomberg Technologies files DRHP for IPO; eyes ₹450 crore fresh issue** — Atomberg Technologies' IPO comprises a fresh issue of equity shares worth up to ₹450 crore and an offer for sale (OFS) of up to 7.65 crore equity shares of face value ₹10 each. — [Source](https://www.cnbctv18.com/market/atomberg-technologies-files-drhp-sebi-for-ipo-eyes-450-crore-fresh-issue-19974120.htm)
- 2026-08-18 — BUSINESSTODAY: **Milky Mist shares get 'Buy from DAM Capital; Vedanta Aluminium receives 'Sell' call from Ambit** — Milky Mist target price, Milky Mist share price, Vedanta Aluminium share price, Vedanta Aluminium share price today — [Source](https://www.businesstoday.in/markets/stocks/story/milky-mist-shares-get-buy-from-dam-capital-vedanta-aluminium-receives-sell-call-from-ambit-549733-2026-08-18)
- 2026-08-18 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Milky Mist lists with an 18% premium; Nifty down 80 points** — Sensex Today | Stock Market LIVE Updates: The markets are looking to make a comeback and are moving cautious note. The Nifty, as it looks to break a 5-day losing streak, trades below the 24,300 mark. The Nifty Bank is under pressure as well, with the index falling over 150 points. Infosys, Bharti Airtel, and IndiGo are the top losers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-expiry-today-midcaps-smallcaps-banks-paytm-netweb-wipro-share-price-liveblog-19971381.htm)
- 2026-08-17 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty falls to 24,250; Infosys, HCLtech top losers** — Stock Market Live Updates: The markets are under pressure, as indices trade lower at the beginning of a new week. The Nifty is down nearly 80 points, falling below the 24,300 mark. Infosys, Tata Motors PV and HCLtech are top losers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-reliance-hdfc-bank-cochin-nmdc-voltas-gmr-jupiter-share-price-liveblog-19970547.htm)
- 2026-08-13 — MONEYCONTROL: **Arvind Panagariya On 7% Growth, ‘Permission Raj’ & Why India Is Tough For Foreign Investors | Q&A** — GDP growth — [Source](https://www.moneycontrol.com/news/videos/india/arvind-panagariya-on-7-growth-permission-raj-why-india-is-tough-for-foreign-investors-q-a-2-14004700.html)
- 2026-08-10 — MONEYCONTROL: **Accumulate Blue Star target of Rs 1653: Prabhudas Lilladher** — Prabhudas Lilladher, Accumulate, Blue Star, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/accumulate-blue-star-target-of-rs-1653-prabhudas-lilladher-13999610.html)
- 2026-08-10 — MONEYCONTROL: **Blue Star Q1 FY27: Will the second half be strong after a weak start?** — air conditioners, cooling, summer, heatwave, exports, MCPro, Moneycontrol Research, CAPEX, earnings — [Source](https://www.moneycontrol.com/news/business/moneycontrol-research/blue-star-q1-fy27-will-the-second-half-be-strong-after-a-weak-start-13999329.html)
- 2026-08-07 — CNBC-TV18: **Q1 Results LIVE Updates: Godrej Consumer Products shares down 2%; PG Electroplast up 4%** — Q1 Results LIVE Updates: Three Nifty 50 companies, SBI, Hindalco and Titan, as well as Kaynes Tech, BEML, Aarti Pharmalabs, Azad Engineering, Godrej Consumer, JK Tyre, Jubilant Pharmova, Maharashtra Seamless, Lemon Tree Hotels, Oil India, PFC, ABB India, Poly Medicure, Ramco Cements, Prism Johnson, Raymond, Raymond Realty, Ratnamani Metals & Tubes, among other companies are reporting their earnings today. Earnings reactions come from LIC, Hero MotoCorp, PG Electroplast, Britannia, Sonata Software and other companies. Watch this space for all the LIVE result updates for Q1. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-sbi-hindalco-titan-lic-pg-electroplast-hero-britannia-pfc-abb-beml-kaynes-fortis-azad-engg-share-price-liveblog-19963817.htm)
- 2026-08-07 — The Hindu: **Sensex today | Stock Market Live: Sensex slides 350 pts, Nifty slips to 24,580; TCS leads gainers; Siemens Energy soars 13%** — Sensex, Nifty, Share Prices Live: Benchmark indices opened ​lower on Friday, weighed down by ‌heavyweight financial stocks and ​rising oil prices amid ⁠concerns over the reopening of the Strait of Hormuz, while quarterly ‌earnings drove stock-specific moves. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-7th-august-2026/article71314561.ece)
- 2026-08-06 — CNBC-TV18: **Q1 Results LIVE Updates: Lloyds Engineering profit doubles; Shyam Metalics sales volumes rise** — Q1 Results LIVE Updates; Trent, Britannia, Lupin, Samvardhana Motherson, Apollo Tyres, Blue Star, Premier Energies, HCC, NCC, PG Electroplast, Emcure Pharma, Firstsource Solutions are some of the many companies that will be reporting their results during the course of Thursday's trading session on Dalal Street. Result reactions today come from PB Fintech, Aurobindo Pharma, Cummins India, GE Vernova T&D, ION Exchange and many others. Watch this space for all the LIVE Q1 result updates, management and brokerage commentary along with stock moves. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-cummins-ge-vernova-td-pb-fintech-trent-britannia-hero-lupin-samil-pgel-apollo-tyres-sci-ncc-hcc-premier-energies-share-price-liveblog-19962840.htm)

## Business profile

**Strategic vision:** Indian company in the HVAC&R industry offering integrated solutions.

### Business segments
- **Electro-Mechanical Projects and HVAC Systems:** Provides temperature control solutions including central air conditioning, packaged systems, VRF technology, and complete electro-mechanical contracting.
- **Unitary Products:** Focuses on products for climate control and freshness preservation, including residential air conditioners, commercial refrigeration, air purifiers, and air coolers.
- **Professional Electronics and Industrial Systems:** Acts as an exclusive distributor in India for international manufacturers of professional electronic equipment, services, and industrial products.

### Competitive strengths
- Integrated business model encompassing manufacturing, EPC, and after-sales services.
- Extensive network of offices, channel partners, and stores across various countries.
- Over eight decades of industry presence and experience.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/bluestarco
Markdown representation: https://faxioms.com/stocks/bluestarco?render=md