Blue Star Ltd Share Price ₹1,584 | P/E 61.2

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Blue Star Ltd

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	2,624	2,226	1,890	2,241	3,328	2,865	2,276	2,807	4,019	2,982	2,422	2,925	4,072
Expenses +	2,445	2,081	1,768	2,086	3,086	2,628	2,127	2,599	3,740	2,784	2,240	2,705	3,746
Operating Profit	179	145	123	155	242	238	149	209	279	199	182	220	326
OPM %	7%	7%	6%	7%	7%	8%	7%	7%	7%	7%	8%	8%	8%
Other Income +	179	9	13	13	13	24	19	21	24	16	10	-44	45
Interest	18	18	18	10	12	8	6	16	19	10	17	22	23
Depreciation	23	23	23	23	28	28	30	35	35	41	43	46	48
Profit before tax	317	114	95	134	214	226	131	179	249	163	132	108	300
Tax %	29%	27%	26%	25%	25%	25%	27%	26%	22%	26%	25%	25%	24%
Net Profit +	225	83	71	100	160	169	96	132	194	121	99	81	227
EPS in Rs	11.70	4.33	3.44	4.88	7.81	8.21	4.68	6.45	9.42	5.88	4.82	3.92	11.04

Financials of Blue Star Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	3,182	3,798	4,385	4,639	5,235	5,360	4,264	6,046	7,977	9,685	11,968	12,402
Expenses +	3,014	3,631	4,162	4,372	4,887	5,077	4,024	5,698	7,478	9,017	11,089	11,472
Operating Profit	168	167	223	266	348	283	240	347	500	669	879	930
OPM %	5%	4%	5%	6%	7%	5%	6%	6%	6%	7%	7%	8%
Other Income +	-34	66	34	22	26	40	62	36	195	44	83	24
Interest	49	43	38	29	48	29	65	46	55	58	49	72
Depreciation	43	57	61	64	75	88	92	86	85	98	128	179
Profit before tax	43	132	159	196	251	206	145	251	555	557	785	703
Tax %	-18%	21%	23%	25%	17%	32%	32%	33%	28%	26%	25%	25%
Net Profit +	54	106	123	144	190	144	101	168	401	414	591	527
EPS in Rs	3.01	5.82	6.44	7.50	9.87	7.44	5.21	8.71	20.79	20.18	28.75	25.66
Dividend Payout %	83%	56%	58%	67%	51%	67%	38%	57%	29%	35%	31%	33%

Financials of Blue Star Ltd

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	18	18	19	19	19	19	19	19	19	41	41	41
Reserves	438	612	738	774	854	763	866	998	1,311	2,569	3,024	3,390
Borrowings +	398	365	221	376	348	520	510	554	662	243	381	810
Other Liabilities +	1,322	1,530	1,672	2,068	2,130	2,137	2,154	2,741	3,406	3,758	4,803	4,335
Total Liabilities	2,175	2,525	2,650	3,236	3,351	3,439	3,549	4,313	5,399	6,611	8,249	8,576
Fixed Assets +	257	259	356	392	400	444	384	433	859	1,165	1,536	1,768
CWIP	22	16	34	25	41	67	72	152	83	127	123	65
Investments	36	242	11	13	15	17	295	162	148	267	432	457
Other Assets +	1,860	2,007	2,250	2,806	2,895	2,911	2,799	3,565	4,309	5,053	6,158	6,285
Total Assets	2,175	2,525	2,650	3,236	3,351	3,439	3,549	4,313	5,399	6,611	8,249	8,576

Financials of Blue Star Ltd

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	215	257	159	19	258	457	350	92	247	289	688	154
Cash from Investing Activity +	-49	-48	69	-88	-65	-88	-238	-67	-179	-524	-463	-359
Cash from Financing Activity +	-190	-195	-203	51	-181	-167	-70	-87	-91	365	-162	137
Net Cash Flow	-24	13	25	-18	13	202	42	-62	-22	130	63	-68
Free Cash Flow	180	208	52	-73	180	376	367	-126	65	-144	322	-169
CFO/OP	143%	173%	70%	24%	84%	192%	150%	38%	68%	64%	99%	35%

Financials of Blue Star Ltd

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	82	76	78	75	78	57	69	72	71	74	60	63
Inventory Days	79	104	97	152	119	116	143	126	124	106	131	83
Days Payable	146	211	191	228	211	211	260	224	217	198	209	113
Cash Conversion Cycle	15	-31	-16	-2	-14	-38	-48	-27	-22	-18	-18	33
Working Capital Days	-12	-17	6	8	8	-13	-1	6	4	20	16	33
ROCE %	15%	20%	20%	20%	25%	19%	13%	20%	24%	26%	26%	21%