Blue Star Ltd (BLUESTARCO) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 500067 | NSE: BLUESTARCO | Air Conditioners | Mid Cap

Blue Star Share Price

1,741.25 -11.55 -0.66%
as on 05-Dec'25 12:12

Blue Star Ltd (BLUESTARCO) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 500067 | NSE: BLUESTARCO | Air Conditioners | Mid Cap

DeciZen - make an informed investing decision on Blue Star

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Blue Star stock performance -

Key Ratios
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P/E Ratio (SA):
83.30
Market Cap:
36,040.2 Cr.
52-wk low:
1,521.2
52-wk high:
2,420

Is Blue Star Ltd an attractive stock to invest in?


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10 Year X-Ray of Blue Star: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Blue Star Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 15.9%16.2%17.5%17.3%15%11.7%16.2%34.1%24.3%23.7%-
Value Creation
Index
0.10.20.30.30.1-0.10.21.51.21.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,3494,0874,3034,7844,7863,8425,3957,3538,99911,32611,627
Sales YoY Gr.-22.1%5.3%11.2%0.1%-19.7%40.4%36.3%22.4%25.9%-
Adj EPS 4.85.76.36.46.82.46.813.3182421
YoY Gr.-17.6%10.4%2.7%5.6%-65.1%187.3%95.5%35%33.7%-
BVPS (₹) 34.547.749.249.944.147.752.466.4122.2138.7138.7
Adj Net
Profit
86.710812012413145.6131256369494433
Cash Flow from Ops. 271129-2914739230858.8304247662-
Debt/CF from Ops. 1.11.2-112.51.31.99.21.610.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.5%18.8%28%25.9%
Adj EPS 19.5%28.8%52.2%33.7%
BVPS16.7%25.7%38.4%13.5%
Share Price 25.7% 33.3% 41.6% -11.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
12.212.612.91314.45.213.622.419.518.415.2
Op. Profit
Mgn %
4.94.84.46.34.75.15.56.26.56.56.2
Net Profit
Mgn %
2.62.72.82.62.71.22.43.54.14.43.7
Debt to
Equity
0.50.20.30.40.60.60.50.40.10.10
Working Cap
Days
20215818218918521617416215714984
Cash Conv.
Cycle
161124151431826242513

Recent Performance Summary

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Latest Financials - Blue Star Ltd.

Standalone Consolidated
TTM EPS (₹) 21 26.6
TTM Sales (₹ Cr.) 11,627 12,231
BVPS (₹.) 138.7 151.3
Reserves (₹ Cr.) 2,810 3,070
P/BV 12.64 11.58
PE 83.30 65.99
From the Market
52 Week Low / High (₹) 1521.20 / 2419.95
All Time Low / High (₹) 1.87 / 2419.95
Market Cap (₹ Cr.) 36,040
Equity (₹ Cr.) 41.1
Face Value (₹) 2
Industry PE 94.3

Management X-Ray of Blue Star:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Blue Star - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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Key Ratios of Blue Star

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3,3494,0874,3034,7844,7863,8425,3957,3538,99911,326
Operating Expenses 3,1863,8914,1144,4864,5723,6505,1046,9118,41710,609
Manufacturing Costs6879791,0491,2981,3331,0301,4301,8892,5383,186
Material Costs1,8212,1652,2082,3512,3291,9892,8653,9624,5955,797
Employee Cost 325310359373415325422496597748
Other Costs 353438498465495305387563688878
Operating Profit 163195189297215192292442582717
Operating Profit Margin (%) 4.9%4.8%4.4%6.2%4.5%5.0%5.4%6.0%6.5%6.3%
Other Income 19345823736236304180
Interest 36312345326851585651
Depreciation 50556169848880807596
Exceptional Items 30018-26-40017100
Profit Before Tax 12614418118016898196505492650
Tax 18354958473268138124165
Profit After Tax 10810913212212166128367368485
PAT Margin (%) 3.2%2.7%3.1%2.5%2.5%1.7%2.4%5.0%4.1%4.3%
Adjusted EPS (₹)6.05.76.96.36.33.46.619.017.923.6
Dividend Payout Ratio (%)54%66%73%79%80%58%75%32%39%38%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 6219119459618509191,0081,2782,5112,851
Share Capital 18191919191919194141
Reserves 6038929269428309009891,2592,4702,810
Minority Interest0000000000
Debt286149319364491579365303235319
Long Term Debt000042347173000
Short Term Debt286149319364449232192303235319
Trade Payables1,0381,1091,4321,4251,4391,4561,8432,2562,4003,157
Others Liabilities 4833463954114764828021,0041,0211,380
Total Liabilities 2,4272,5153,0913,1623,2553,4364,0184,8426,1687,706

Fixed Assets

Gross Block2613224024796066637701,0141,2821,554
Accumulated Depreciation3063111173250318393454518562
Net Fixed Assets 231260291306356345377560764992
CWIP 1634254168581175345104
Investments 3722152202212215003924509571,207
Inventories5155801,0028588508681,1261,3141,2331,779
Trade Receivables6908138101,0167467121,0191,3281,8001,817
Cash Equivalents 43786527226300205175262306
Others Assets 5605366786927896537819621,1071,501
Total Assets 2,4272,5153,0913,1623,2553,4364,0184,8426,1687,706

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 271129-2914739230859304247662
PBT 18014818118016898196505492650
Adjustment -13554411598108106-26106123
Changes in Working Capital 133-78-209-120200113-208-94-22850
Tax Paid -304-44-28-73-12-34-81-123-160
Cash Flow From Investing Activity -7373-66-73-58-246-7-86-699-495
Capex -54-102-80-77-8314-125-156-231-256
Net Investments 8159130-19-27913736-55-169
Others -2615144420-1934-413-70
Cash Flow From Financing Activity -194-21573-105-13815-147-248539-126
Net Proceeds from Shares 0713100000983-1
Net Proceeds from Borrowing 0000503000-175-1750
Interest Paid -35-35-23-45-33-43-45-61-61-35
Dividend Paid -105-2-86-115-224-1-39-96-116-144
Others -54-1861694670-241-6385-9254
Net Cash Flow 4-14-22-3019678-95-308741

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)17.2714.2714.2512.7813.357.4513.2632.0619.3918.09
ROCE (%)15.8616.2417.4617.3414.9611.6816.2334.0724.3323.67
Asset Turnover Ratio1.361.671.541.531.491.151.451.661.631.63
PAT to CFO Conversion(x)2.511.18-0.221.23.244.670.460.830.671.36
Working Capital Days
Receivable Days72666970676959586358
Inventory Days53496771658267615249
Payable Days185181210222224266189160160149

Blue Star Ltd Stock News

Blue Star Ltd FAQs

The current trading price of Blue Star on 05-Dec-2025 12:12 is ₹1,741.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Blue Star stood at ₹36,040.2.
The latest P/E ratio of Blue Star as of 04-Dec-2025 is 83.30.
The latest P/B ratio of Blue Star as of 04-Dec-2025 is 12.64.
The 52-week high of Blue Star is ₹2,420 and the 52-week low is ₹1,521.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Blue Star is ₹11,627 ( Cr.) .

About Blue Star Ltd

Blue Star is India's leading Air Conditioning, Commercial Refrigeration and MEP (Mechanical, Electrical, Plumbing and Fire-fighting) contracting company. The company’s philosophy is rooted in the principles of ‘Trust’ and ‘Excellence’, which have served as the guiding force behind its remarkable journey of growth. Renowned for its customer-centric ethos, Blue Star is recognised for delivering innovative, value-driven products and solutions that strongly resonate in the market. 

The company offers a plethora of cooling solutions including chillers, ducted systems, VRFs, room ACs, deep freezers, water coolers, and cold rooms, amongst others. It has also made inroads into air purification, engineering facilities management, commercial kitchen and medical refrigeration. The company’s integrated business model of a manufacturer; engineering, procurement and construction (EPC) services provider; and an after-sales service provider enables it to provide comprehensive solutions for the Residential, Commercial and Infrastructure segments, making it a key differentiator in the marketplace. Additionally, the company also offers expertise in allied contracting activities such as electrical, plumbing, fire-fighting and industrial projects, further enhancing its ability to deliver turnkey solutions.

Blue Star’s range of elegant and contemporary Air Purifiers packed with advanced features such as SensAir and nanoeTM or Plasma technologies, supported by a multi-stage filtration process, helps keep the air in homes pure, clean and healthy. Further, the company also rolled out its new innovative models: AC with in-built air purifier, which cools and purifies the air in the room at the same time; and next-gen Wi-Fi-enabled 5-star inverter split AC, which can be operated through voice commands in both English and Hindi by using an appropriate interface device. 

With a robust network of many offices, several modern manufacturing facilities across the country, and over thousands of employees, Blue Star operates retail outlets and maintains service centres across more many towns in India. Its expansive global footprint is complemented by ventures in marketing and maintenance of imported professional electronic equipment and services, as well as industrial products and systems. Blue Star places a strong emphasis on strengthening its R&D ecosystem to maintain its growth momentum in a highly competitive market, with state-of-the-art R&D centres. 

Business area of the company

Blue Star offers one of India’s widest range of air conditioning and commercial refrigeration products, as well as a comprehensive range of air purifiers, water purifiers, air coolers, cold storages and specialty products. The diverse air conditioning product range serves both commercial and residential segments, and includes a solution for every need. Blue Star’s AC&R range has been further augmented recently by the launch of product categories such as water purifiers, air purifiers and air coolers, each a complete range of technologically advanced solutions. The company’s Water Purifiers use RO+UV technology and a 3-stage filtration process along with unique features such as cold and hot water, touchscreen, speech assist and electronic dispensing to deliver absolutely safe and pure drinking water. 

Products

  • Room Air Conditioners
  • Air Coolers
  • Air Purifiers
  • Water Purifiers
  • Cassette Air Conditioners
  • Verticool Air Conditioners
  • Central Air Conditioning
  • Heat Pumps
  • Commercial Refrigeration
  • Cold Storages
  • Water Coolers
  • Speciality Products

Awards and recognitions

2016-17

  • Blue Star was recognised as the ‘MEP Company of the Year’ at the Annual Metro Rail India Summit 2017.
  • Blue Star Oman Electro-Mechanical Company LLC has won the ‘Most Promising MEP Contractor’ at the Dossier Construction’s Infrastructure Awards & Summit 2016.
  • Blue Star received the Brand Excellence Award in FMCG sector (Consumer Durables) in 2016.
  • Blue Star chillers were certified by the Air Conditioning, Heating, and Refrigeration Institute (AHRI) for achieving a 100% success rate in the performance testing of the air cooled as well as water cooled chillers in 2016.
  • The Company won the Water Digest Awards 2017 for the ‘Best Domestic RO+UV Purifier’ in the country.

2017-18

  • Blue Star was recognised as the MEP Contractor of the Year at the 'Construction Week India Awards 2017’.
  • Blue Star received a commendation, ‘Strong Commitment to Excel’ at ‘CII-EXIM Bank Awards for Business Excellence, 2017’.
  • Blue Star won the IDC Insight Awards for Operational Excellence 2017 for its mobile-based Preventive Maintenance Service app.
  • Blue Star won an award for its mobile field service app at the ‘12th Annual CIO 100 Symposium and Awards ceremony 2017’ and at the ‘Manufacturing IT Summit 2017’.

2018-19

  • Blue Star was recognised in “Best Brands 2019” by the Economic Times group.
  • Blue Star was felicitated at the YES Bank Best CFO & Digital Transformation Awards 2018, with an award for its remote monitoring project ‘rView’, under the category ‘Best Customer Excellence’.
  • Blue Star’s Air Conditioning and Refrigeration Service Group won a ‘Customer Excellence in Manufacturing and Engineering’ award for its Service Management Mobile app at the Indian Merchants’ Chambers Digital Technology Awards.
  • Blue Star’s Himachal Pradesh Plant won the ‘KK Pillar Best Kaizen’ award at the 11th National TPM Circle Competition organised by CII.
  • Blue Star Customer Service Group won the ‘Gold Plus’ award at the CII-EXIM Bank Awards for Business Excellence and was also commended with the ‘Gold Plus’ award at the 26th Quality Summit 2018.
  • Blue Star won the 'MEP Contractor of the Year' award at Construction Week India 2018 Awards for the third time at the 8th edition of the Construction Week India 2018 Awards.
  • Blue Star’s Water Purifier Division’s innovative product, Stella, was awarded the ‘Best Domestic RO+UV Water Purifier’ in the country for the third time in a row and Blue Star’s Research & Innovation Center (R&I)-WPD was awarded the 'Best Water R&D and Technological Breakthrough’ for its product, ‘Eternia’ at the 13th edition of Water Digest Awards.

2019-20

  • Wada Plant won the ‘Excellence Award’ for ‘5S’ Kaizen Implementation.
  • Dadra Plant won the first prize at the 31st Quality Circle Regional Finals organised by CII.
  • Won the prestigious Golden Peacock awards for Excellence in Corporate Governance-2019.
  • Won the prestigious Golden Peacock Award for Corporate Ethics-2019.
  • Best Governed Company award in the medium listed company category at the 19th ICSI National Awards for Excellence in Corporate Governance.
  • Won the ‘MEP Contractor of the Year’ award at Construction Week India 2019 Awards for the fourth time at the ninth edition of the Construction Week India 2019 Awards.
  • ‘Cold Room Manufacturer of the Century’ at the ‘Hall of Fame Awards’ by the Indian Food Service Equipment Council
  • Gold Award for quality concepts in the International Convention on Quality Concepts, Japan.
  • CIO Award for digital transformation.
  • Negative Temperature condensing unit adjudged ‘Innovative Refrigeration Product of the Year 2019’ at Refcold India Emerson Awards
2020-21

  • Blue Star’s Dadra plant was declared winner at the 3rd CII National Kaizen Circle Competition in the ‘Innovative Stream in the Manufacturing Sector - Large Segment’ category
  • Blue Star’s Himachal Pradesh plant won the CII National LEAN Manufacturing award
  • Blue Star was declared winner at the 37th National Kai-Zen Competition organised by CII
  • Blue Star won the ‘MEP Contractor of the Year’ award by Construction Week India for the 5th time for its work done at Apollo’s Proton Cancer Care (APCC) centre in Chennai, at the 10th Annual Construction Week India Awards 2020
  • Blue Star was declared winner of the ‘Golden Peacock Award for Excellence in Corporate Governance’ for the second time in a row
  • Jubilant FoodWorks recognised Blue Star with the ‘Long Term Partnership’ award for the sales and service support provided by Blue Star
  • Blue Star was recognised by Flipkart with the ‘Best Customer Service Support’ award for providing best support during the times of Big Billion Days and the festive season
2021-22
  • Blue Star adjudged as the ‘MEP Contractor of the Year’ in recognition of the work done for Apollo Tyres Tada at the 11th Annual Construction Week India Awards 2021
  • Blue Star conferred with the ‘Golden Peacock Award for Corporate Governance 2021’
  • Blue Star’s Dadra Plant declared ’Silver Winner’ at the 11th Edition of CII 3M Competition in 2021
  • Blue Star’s Wada Plant wins Platinum and Gold awards at the 10th CII National Poka Yoke Competition
  • Blue Star recognised with the ‘Diversity Marketing Campaign of the Year’ Award at the D&I Summit and Awards 2021
  • Blue Star wins the ‘Excellence in HR through Technology’ Award organized by the World HRD Congress under the category of Maharshtra Best Employer Brand Awards
  • Blue Star bestowed with the ‘Best Product Quality Subcontractor’ Award from L&T for HVAC works at the Chennai Airport
  • Blue Star wins ‘Best Water R&D and Technological Breakthrough-Domestic’ award at Water Digest Awards 2021-22
2022-23
  • Blue Star winning the 'MEP Contractor of the Year' award by Construction Week India for the seventh time in a row for the MEP works at the OLA Future Factory, Tamil Nadu
  • Blue Star declared winner of the prestigious ‘Golden Peacock Award for Excellence in Risk Management’ for the second time
  • Blue Star recognised for 'Design Innovation in Building' at the Autodesk Imagine Awards
  • Blue Star winning the award for 'Best Customer Service Initiative of the Year 2022' 
  • Blue Star being awarded the ‘Best Water R&D and Technological Breakthrough-Domestic’ award at the 15th edition of Water Digest Awards 2021-22
  • Blue Star winning the Best Stall award at CII Agro Tech Export, Chandigarh
  • Blue Star certified as a 'Great Place to Work'
2023-24
  • At the ‘India Design Mark’ awards held in Coimbatore, Blue Star secured two prestigious awards for ‘Hard Top Chest Freezer’ and ‘Glass Top Chest Freezer’.
  • Blue Star’s Himachal Pradesh Plant won a Gold medal in the Large-scale Manufacturing Facility category at the prestigious ‘National Awards for Manufacturing Competitiveness (NAMC) 2022’
  • Blue Star Climatech’s Sri City Plant was awarded a Gold medal for being highly competitive in manufacturing at the ‘National Awards for Manufacturing Competitiveness (NAMC) 2023-24’ event
  • Blue Star won the ‘CII TCM Cost Maturity Award’ at the CII Cost Congress 2023.
  • At the Data Analytics and AI Show 2024, Blue Star was awarded the ‘Best Use of Real-Time Analytics Platform’ award for its outstanding implementation of AI in Invoice Analytics
  • Blue Star won the ‘MEP Contractor of the Year’ award at the 13th Construction Week India Awards 2023 for the Wistron Project in Bengaluru.
2024-25
  • Blue Star was honoured with the prestigious Adam Smith award for ‘Best Emerging Technology Solution’
  • Dadra Plant won multiple Gold Awards at the International Convention on Quality Control Circles
  • Himachal Pradesh Plant won Gold award at the Quality Circle Forum of India
  • Blue Star won Gold Award at the National Competitiveness Cluster Summit
  • Blue Star honoured with seven Brandon Hall HCM Excellence Awards at the HCM Excellence Conference
  • Sri City Plant won multiple accolades at the Quality Circle Forum
  • Wada and Dadra Plants won at the 12th Manufacturing Today Annual Conference and Awards
  • Wada Plant won Excellence Award for rooftop solar at the CII Performance Excellence Award
  • Blue Star won at the Future of Learning Summit and Awards
  • Blue Star honoured with the Best Use of Technology in CX award at the 8th Service Quality Excellence India Summit and Awards
  • Blue Star won NSCI Safety Award for a project in Pune
  • Blue Star awarded the Best Warehousing Company of the Year at the prestigious 3rd Annual Warehouse and Supply Chain Leadership Awards
  • Blue Star won Special Recognition for Design Innovation at the Autodesk Imagine Award
  • Blue Star won two awards at the All India Supply Chain Rankings

History and milestones

  • 1943: Mohan T Advani establishes Blue Star Engineering Company as a proprietary firm.
  • 1946: Blue Star secures Melchior Armstrong Dessau agency.
  • 1947: Worthington selects Blue Star as Indian partner. Manufacturing of ice candy machines and bottle coolers begins. Central air conditioning system design and execution begins.
  • 1948: Manufacturing of water coolers commences.
  • 1949: Proprietorship converted to Private Limited Companies.
  • 1954: Blue Star selected as distributor for Honeywell.
  • 1955: GDR Testing machines distributorship begins.
  • 1957: Perkin-Elmer tie-up marks the start of the electronics business. GDR business machines agency commences.
  • 1960: Total income crosses the Rs 1 crore mark.
  • 1962: GDR Machine Tools distributorship begins.
  • 1964: Total employment crosses 1,000.
  • 1965: Techniglas Pvt Ltd set up to manufacture insulation material.
  • 1969: Factory moves from Colaba in Mumbai to Thane.
  • 1970: Hewlett-Packard distributorship commences.
  • 1972: First skyscrapers of Mumbai - Air India Building, Express Towers and Oberoi Hotel set-up - all air conditioned by Blue Star.
  • 1972: Total income crosses Rs 10 crore. Employment crosses 2,000.
  • 1974: Water Cooler manufacturing license granted to Yusuf Alghanim, Kuwait.
  • 1977: Middle East thrust begins. Joint Venture (JV) with Al Shirawi in Dubai.
  • 1977: Hitachi Medical Equipment distributorship begins.
  • 1978: Industrial Division commences activity.
  • 1980: Bharuch factory set up.
  • 1980-86: Major AC and R projects executed in the Middle East.
  • 1983: International Software Division inaugurated in Seepz.
  • 1984: York technology collaboration begins.
  • 1985: Manufacturing of centrifugal packaged chillers commences at Thane plant.
  • 1986: Total income crosses Rs 100 crore.
  • 1987: Gandhinagar factory set up for EPABX systems.
  • 1987: Yokogawa Blue Star JV formed.
  • 1988: Assembly of personal computers under the brand name ‘Quantum’ begins.
  • 1988: Manufacturing collaboration with Mitsubishi commences.
  • 1988: Blue Star becomes India’s largest central air conditioning company.
  • 1989: JV with Hewlett-Packard and Motorola begins.
  • 1990: Gandhinagar factory closes.
  • 1992: Blue Star exits from Motorola JV.
  • 1992: Total income crosses Rs 200 crores.
  • 1993: Blue Star celebrates its 50th Anniversary.
  • 1993: Formation of Arab Malaysian Blue Star JV in Malaysia.
  • 1995: Blue Star exits from HP India JV.
  • 1997: Dadra plant inaugurated.
  • 1998: Major thrust on dealerization and brand building begins.
  • 1999: Blue Star exits from industrial projects business.
  • 2000: International Software business spun off to form Blue Star Infotech. Gets listed on stock exchange.
  • 2001: Total income crosses Rs 500 crores. Export of air conditioning products begins.
  • 2003: Blue Star exits Yokogawa JV.
  • 2005: Blue Star sets up factory at Kala Amb in Himachal Pradesh.
  • 2006: Blue Star opts for a 5 for 1 stock split.
  • 2006: Total income crosses the Rs 1,000 crores mark.
  • 2007: Blue Star sets up its 5th factory at Wada in Thane district.
  • 2007: Formation of Blue Star Qatar, headquartered at Doha, to handle central air conditioning and MEP contracts in the Middle East for residential, commercial and industrial purposes.
  • 2008: Total income crosses Rs 2,000 crores.
  • 2008: Blue Star powers into Building Electrification by acquiring Naseer Electricals, a leading electrical contractor.
  • 2010: The Company acquires D S Gupta Construction, the largest independent Indian plumbing & firefighting contractor. Thereby fortifying Blue Star’s integrated mechanical, electrical and plumbing & firefighting (MEP) contract offerings.
  • 2011: Blue Star forays into the residential air conditioning segment.
  • 2012: Blue Star celebrates Birth Centennial of Founder, Mohan T Advani.
  • 2013: Blue Star celebrates its 70th Anniversary.
  • 2015: International Business Group was formed, comprising Global Product Sales and International Projects, with a focus on increasing the Company’s global footprint.
  • 2015: Professional Electronics & Industrial Systems business of the Company transferred to a separate subsidiary named Blue Star Engineering & Electronics.
  • 2015: Blue Star enters into JV with W J Towell & Co LLC; forms Blue Star Oman Electro-Mechanical Company LLC.
  • 2015: Total income crosses Rs 3,000 crores.
  • 2016: The Company forays into professional kitchen equipment and healthcare refrigeration.
  • 2016: Blue Star expands its product portfolio to water purifiers, air purifiers and air coolers.
  • 2017: Total income crosses Rs 4,000 crores.
  • 2017: The Company sets up a wholly owned subsidiary, Blue Star International FZCO, in Dubai Airport Freezone, UAE to consolidate its international business ownership.
  • 2017: Blue Star forays into Engineering Facility Management.
  • 2017: Blue Star receives its first patent for a unique Vacuum Breaker Assembly for deep freezers.
  • 2018: Total Income crosses Rs 4600 crores.
  • 2018: Blue Star embarks on its Platinum Jubilee Year.
  • 2019: Blue Star appoints Virat Kohli as the Company’s Brand Ambassador.
  • 2020: Blue Star wins 'The Best Governed Company' award at the '19th ICSI National Awards for Excellence in Corporate Governance'
  • 2021: Blue Star expands market reach with the launch of new affordable range of split ACs to cater to the mass market.
  • 2022: Blue Star inaugurated a new contemporary office at Thane, the ‘Blue Star Innovation Centre.
  • 2022: Blue Star inaugurated the Company’s first-of-its-kind ‘Customer Experience Centre,’ built on an area of 1000 sq ft, at Blue Star Innovation Centre in Thane.
  • 2022: Blue Star forays into Water Projects Business
  • 2022: Blue Star’s revenue crosses Rs 6000 crore mark!
  • 2023: With a Total Income of Rs 8008.19 crores Blue Star delivers exceptional financial results in FY23 in an orbit shifting all round performance
  • 2024: Vir S Advani takes over the reins of the Company, as Chairman and Managing Director

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