Blue Star Limited

BSE:500067 Stock Report

Market Cap: ₹320.3b

Blue Star Future Growth

Future criteria checks 4/6

Blue Star is forecast to grow earnings and revenue by 19.2% and 13.5% per annum respectively. EPS is expected to grow by 19.2% per annum. Return on equity is forecast to be 20.2% in 3 years.

Key information

19.2%

Earnings growth rate

19.23%

EPS growth rate

Building earnings growth21.6%
Revenue growth rate13.5%
Future return on equity20.22%
Analyst coverage

Good

Last updated11 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • May 28

500067: Upcoming Results And Dividend Will Support Earnings Resilience Narrative

Analysts have revised their price target on Blue Star from ₹2,178 to ₹2,069. This reflects updated views on slightly lower revenue growth and profit margin expectations, along with a higher assumed future P/E multiple.
Narrative Update • May 14

500067: Expanded Cooling Portfolio And Dividend Will Support Long Term Upside

Analysts now place Blue Star's price target at ₹1,810, down from ₹1,880. This reflects updated views that combine slightly higher revenue growth expectations with modestly softer profit margin and future P/E assumptions.
Narrative Update • Apr 20

500067: New AC Lineup And Board Changes Will Sustain Future Overvaluation

Analysts have trimmed their fair value estimate for Blue Star from ₹1,370.04 to ₹1,328.58, reflecting slightly updated assumptions on discount rate, revenue growth, profit margin and future P/E multiples. What's in the News A board meeting is scheduled on May 6, 2026 to review unaudited standalone and consolidated financial results for Q4 and audited results for the year ended March 31, 2026, and to consider a final dividend on equity shares, if any (company filing).
Narrative Update • Apr 06

500067: Expansive New AC Portfolio Will Likely Sustain Earnings Risk And Overvaluation

Analysts have nudged their fair value estimate for Blue Star slightly higher, with the price target moving from about ₹1,364 to roughly ₹1,370, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E. What's in the News Board meeting scheduled for May 6, 2026 to review unaudited standalone and consolidated results for Q4 and audited results for the year ended March 31, 2026, and to consider a final dividend on the equity shares, if any (Key Developments).
Narrative Update • Mar 22

500067: Upcoming Product Expansion Will Likely Reinforce Persistent Overvaluation Risk

Analysts have made only marginal tweaks to their assumptions for Blue Star, keeping the implied fair value steady at about ₹1,364. Slightly different inputs for discount rate, revenue growth, profit margin and future P/E feed into the refreshed price target narrative.
Narrative Update • Mar 07

500067: Upcoming Board Meeting Will Likely Confirm Persistent Overvaluation Risk

Analysts have lifted their price target on Blue Star to ₹1,364, citing slightly lower required returns, as well as modestly higher assumptions for revenue growth, profit margins and future P/E. What's in the News A board meeting is scheduled for January 29, 2026 to consider and approve unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025, along with other business matters (company filing).
Narrative Update • Feb 20

500067: Upcoming Board Review Will Likely Reinforce Persistent Overvaluation Concerns

Analysts have raised their price target on Blue Star to ₹1,364, citing slightly higher assumed revenue growth, a modestly stronger profit margin, a lower discount rate, and a marginally reduced future P/E multiple in their updated models. What's in the News A board meeting is scheduled on January 29, 2026, to review and approve the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025, as required under Regulation 33(3) of the Listing Regulations (Key Developments).
Narrative Update • Feb 04

500067: Upcoming Results Review Will Likely Confirm Persistent Overvaluation

Analysts have lowered their fair value estimate for Blue Star from ₹1,404.98 to ₹1,364.30, reflecting updated assumptions for revenue growth, profit margins, and future P/E levels, while keeping the overall risk profile broadly consistent with earlier assessments. What's in the News Blue Star has scheduled a board meeting on January 29, 2026 to consider and approve the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025, as required under regulation 33(3) of the listing regulations (Key Developments).
Narrative Update • Jan 21

500067: Future Board Decisions On Results Will Likely Expose Overvaluation

Analysts now place their price target for Blue Star at ₹1,404.98, compared with the prior ₹1,340.39, citing updated assumptions for revenue growth, profit margins, and a slightly lower future P/E multiple as the key drivers of this change. What's in the News Blue Star has scheduled a board meeting on January 29, 2026 to consider and approve the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025, as required under regulation 33(3) of the listing regulations (Key Developments).
Narrative Update • Jan 06

500067: Upcoming Results Will Confirm Earnings Resilience And Supportive Board Review

Analysts have maintained their fair value estimate for Blue Star at ₹2,178, noting only minor adjustments in assumptions related to the discount rate, revenue growth, profit margin and future P/E to reflect updated views on the company’s risk and earnings profile. What's in the News Board meeting scheduled on January 29, 2026, to consider and approve the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025, as required under regulation 33(3) of the listing regulations (Key Developments).
Narrative Update • Dec 14

500067: Upcoming Results Are Expected To Confirm Improving Profitability Outlook

Analysts have trimmed their price target on Blue Star to ₹2,178 from ₹2,419, as a modestly higher discount rate and lower future valuation multiples more than offset slightly stronger expectations for revenue growth and profit margins. What's in the News A board meeting is scheduled for November 5, 2025, to consider and approve the unaudited standalone and consolidated financial results for the second quarter and half year ending September 30, 2025, in compliance with Regulation 33(3) of the Listing Regulations (Key Developments).
Narrative Update • Aug 10

Expanding Eco-Friendly HVAC Reach In India Will Unlock Future Value

The upward revision in Blue Star's consensus price target is primarily supported by modest improvements in both revenue growth forecasts and net profit margins, resulting in the fair value estimate increasing from ₹1,754 to ₹1,842. What's in the News Board meeting scheduled to consider and approve unaudited standalone and consolidated financial results for Q1 ended June 30, 2025.
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New Narrative • Dec 14

AI-Enabled Air Conditioners And Global Expansion Drive Revenue And Margin Growth

Strong growth in residential and commercial air conditioning sectors highlighted by development initiatives and AI-enabled models driving potential revenue and margin expansion.

Earnings and Revenue Growth Forecasts

BSE:500067 - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2029192,7659,9508,19910,64210
3/31/2028168,4758,6336,2919,31823
3/31/2027145,0556,7326,4209,21323
3/31/2026124,0205,277-1,7521,538N/A
12/31/2025123,4894,943N/AN/AN/A
9/30/2025122,3095,462-4,082-427N/A
6/30/2025120,8455,434N/AN/AN/A
3/31/2025119,6775,9123,1606,881N/A
12/31/2024112,7655,581N/AN/AN/A
9/30/2024107,1035,2605613,761N/A
6/30/2024103,2475,004N/AN/AN/A
3/31/202496,8544,150-1,5172,892N/A
12/31/202389,8144,797N/AN/AN/A
9/30/202385,3444,377-2,7341,687N/A
6/30/202382,2634,096N/AN/AN/A
3/31/202379,7734,005-1,1712,432N/A
12/31/202276,0012,514N/AN/AN/A
9/30/202273,1812,405-1,8831,483N/A
6/30/202269,8162,293N/AN/AN/A
3/31/202260,6411,677-1,305874N/A
12/31/202154,1651,595N/AN/AN/A
9/30/202150,2721,4853,0894,152N/A
6/30/202146,8901,327N/AN/AN/A
3/31/202142,7131,0042,8633,498N/A
12/31/202039,788413N/AN/AN/A
9/30/202040,9082412721,106N/A
6/30/202044,382468N/AN/AN/A
3/31/202053,6021,4333,6394,500N/A
12/31/201956,7642,142N/AN/AN/A
9/30/201955,4371,937N/A5,090N/A
6/30/201953,2081,753N/AN/AN/A
3/31/201952,3811,901N/A2,584N/A
12/31/201850,8721,472N/AN/AN/A
9/30/201849,2031,615N/AN/AN/A
6/30/201847,3791,647N/AN/AN/A
3/31/201846,3901,440N/A189N/A
12/31/201746,4491,352N/AN/AN/A
9/30/201745,8141,309N/AN/AN/A
6/30/201746,3471,301N/AN/AN/A
3/31/201743,8521,231N/A1,585N/A
12/31/201640,404968N/AN/AN/A
9/30/201639,101913N/AN/AN/A
6/30/201638,623764N/AN/AN/A
3/31/201636,346830N/A2,567N/A
12/31/201534,944579N/AN/AN/A
9/30/201533,697567N/AN/AN/A
6/30/201534,2651,065N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500067's forecast earnings growth (19.2% per year) is above the savings rate (6.9%).

Earnings vs Market: 500067's earnings (19.2% per year) are forecast to grow faster than the Indian market (16.1% per year).

High Growth Earnings: 500067's earnings are forecast to grow, but not significantly.

Revenue vs Market: 500067's revenue (13.5% per year) is forecast to grow faster than the Indian market (10.8% per year).

High Growth Revenue: 500067's revenue (13.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 500067's Return on Equity is forecast to be high in 3 years time (20.2%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/11 21:07
End of Day Share Price 2026/06/11 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Blue Star Limited is covered by 34 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null null360 ONE Capital Market Private Limited
Kunal Sheth360 ONE Capital Market Private Limited
Dhruv JainAmbit Capital