Blue Star Ltd.
BLUESTARCOConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
31 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 31 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20190213 | 2018-12-31 | yes | |
| TRANSCRIPT | 20190516 | 2019-03-31 | yes | |
| TRANSCRIPT | 20190816 | 2019-06-30 | yes | |
| TRANSCRIPT | 20191118 | 2019-09-30 | yes | |
| TRANSCRIPT | 20200207 | 2019-12-31 | yes | |
| TRANSCRIPT | 20200517 | 2020-03-31 | yes | |
| TRANSCRIPT | 20200813 | 2020-06-30 | yes | |
| TRANSCRIPT | 20201111 | 2020-09-30 | yes | |
| TRANSCRIPT | 20210204 | 2020-12-31 | yes | |
| TRANSCRIPT | 20210511 | 2021-03-31 | yes | |
| TRANSCRIPT | 20210813 | 2021-06-30 | yes | |
| TRANSCRIPT | 20211102 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220209 | 2021-12-31 | yes | |
| TRANSCRIPT | 20220510 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220809 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221110 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230206 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230510 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230809 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231106 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240206 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240509 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240813 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241113 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250204 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250514 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250813 | 2025-06-30 | yes | |
| TRANSCRIPT | 20260204 | 2025-12-31 | yes | |
| TRANSCRIPT | 20251112 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260512 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260813 | 2026-06-30 | yes |
BLUESTARCO
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 1,525.00 |
| 52-week range | 1445.3 – 2016.7 |
| Return 1M | 0.66% |
| Return 3M | -6.85% |
| Return 1Y | -21.56% |
| Return 3Y | 67.27% |
| Return 5Y | 239.7% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 3,378.00 |
| Other income | 21.00 |
| Total income | 3,399.00 |
| Cost of materials consumed | 2,141.00 |
| Purchases of stock-in-trade | 493.00 |
| Changes in inventories | 12.00 |
| Employee benefit expense | 249.00 |
| Finance costs | 13.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.36 | 0.00 |
| institutions foreign | 0.13 | -0.01 |
| institutions domestic | 0.28 | 0.00 |
| mutual funds | 0.22 | -0.00 |
| public | 0.63 | -0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 31 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,576.00 | 1,788.00 | 2,624.00 | 2,226.00 | 1,890.00 | 2,241.00 | 3,328.00 | 2,865.00 | 2,276.00 | 2,807.00 | 4,019.00 | 2,982.00 | 2,422.00 | 2,925.00 | 4,072.00 | 3,378.00 |
| Other income | 9.00 | 5.00 | 7.00 | 9.00 | 13.00 | 13.00 | 12.00 | 24.00 | 19.00 | 9.00 | 24.00 | 16.00 | 10.00 | 12.00 | 24.00 | 21.00 |
| Total income | 1,585.00 | 1,793.00 | 2,630.00 | 2,235.00 | 1,903.00 | 2,254.00 | 3,340.00 | 2,889.00 | 2,294.00 | 2,816.00 | 4,043.00 | 2,998.00 | 2,432.00 | 2,937.00 | 4,096.00 | 3,399.00 |
| Cost of materials consumed | 1,038.00 | 1,209.00 | 1,597.00 | 1,247.00 | 974.00 | 1,410.00 | 2,102.00 | 1,626.00 | 1,633.00 | 2,083.00 | 2,602.00 | 2,078.00 | 1,735.00 | 2,119.00 | 2,479.00 | 2,141.00 |
| Purchases of stock-in-trade | 245.00 | 262.00 | 499.00 | 463.00 | 399.00 | 399.00 | 315.00 | 454.00 | 231.00 | 274.00 | 452.00 | 352.00 | 164.00 | 426.00 | 293.00 | 493.00 |
| Changes in inventories | -73.00 | -85.00 | -83.00 | 22.00 | 49.00 | -109.00 | 122.00 | 109.00 | -190.00 | -235.00 | 35.00 | -146.00 | -96.00 | -288.00 | 425.00 | 12.00 |
| Employee benefit expense | 142.00 | 145.00 | 170.00 | 161.00 | 173.00 | 185.00 | 230.00 | 198.00 | 220.00 | 234.00 | 267.00 | 232.00 | 227.00 | 223.00 | 235.00 | 249.00 |
| Finance costs | 12.00 | 14.00 | 18.00 | 18.00 | 18.00 | 10.00 | 12.00 | 8.00 | 6.00 | 16.00 | 19.00 | 10.00 | 17.00 | 22.00 | 23.00 | 13.00 |
| Depreciation and amortisation | 24.00 | 16.00 | 23.00 | 23.00 | 23.00 | 23.00 | 28.00 | 28.00 | 30.00 | 35.00 | 35.00 | 41.00 | 43.00 | 46.00 | 48.00 | 57.00 |
| Other expenses | 139.00 | 153.00 | 262.00 | 188.00 | 173.00 | 201.00 | 318.00 | 241.00 | 233.00 | 241.00 | 383.00 | 266.00 | 209.00 | 224.00 | 313.00 | 307.00 |
| Total expenses | 1,527.00 | 1,713.00 | 2,485.00 | 2,122.00 | 1,808.00 | 2,120.00 | 3,126.00 | 2,663.00 | 2,163.00 | 2,649.00 | 3,794.00 | 2,834.00 | 2,299.00 | 2,773.00 | 3,817.00 | 3,273.00 |
| Profit before exceptional items and tax | 58.00 | 80.00 | 145.00 | 114.00 | 95.00 | 134.00 | 214.00 | 226.00 | 131.00 | 167.00 | 249.00 | 165.00 | 133.00 | 165.00 | 279.00 | 126.00 |
| Exceptional items | 0.00 | 0.00 | 171.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.00 | 0.00 | 0.00 | 0.00 | -56.00 | 18.00 | 9.00 |
| Profit before tax | 58.00 | 80.00 | 316.00 | 114.00 | 95.00 | 134.00 | 214.00 | 226.00 | 131.00 | 180.00 | 249.00 | 165.00 | 133.00 | 108.00 | 296.00 | 135.00 |
| Current tax | 15.00 | 20.00 | 72.00 | 29.00 | 30.00 | 27.00 | 49.00 | 54.00 | 36.00 | 43.00 | 56.00 | 45.00 | 33.00 | 31.00 | 48.00 | 29.00 |
| Deferred tax | -1.00 | 2.00 | 20.00 | 2.00 | -6.00 | 7.00 | 6.00 | 4.00 | -1.00 | 4.00 | -1.00 | -3.00 | -0.00 | -4.00 | 25.00 | 3.00 |
| Tax expense | 15.00 | 22.00 | 92.00 | 30.00 | 24.00 | 34.00 | 54.00 | 57.00 | 35.00 | 47.00 | 55.00 | 42.00 | 33.00 | 27.00 | 73.00 | 32.00 |
| Profit for the period | 43.00 | 58.00 | 225.00 | 83.00 | 71.00 | 100.00 | 160.00 | 169.00 | 96.00 | 132.00 | 194.00 | 121.00 | 99.00 | 81.00 | 227.00 | 103.00 |
| Profit attributable to owners | 43.00 | 58.00 | 225.00 | 83.00 | 71.00 | 100.00 | — | 169.00 | 96.00 | 133.00 | 194.00 | 121.00 | 99.00 | 81.00 | 227.00 | 102.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | 0.00 | 0.00 |
| Other comprehensive income | 3.00 | 3.00 | -1.00 | -1.00 | 1.00 | 0.00 | -1.00 | -1.00 | 3.00 | -1.00 | 2.00 | 2.00 | 7.00 | 2.00 | 6.00 | -2.00 |
| Total comprehensive income | 45.00 | 61.00 | 224.00 | 82.00 | 72.00 | 101.00 | 159.00 | 168.00 | 99.00 | 132.00 | 196.00 | 123.00 | 105.00 | 83.00 | 233.00 | 101.00 |
| Earnings per share, basic | 4.43 | 6.06 | 23.39 | 4.33 | 3.65 | 4.89 | 7.77 | 8.21 | 4.67 | 6.44 | 9.44 | 5.88 | 4.80 | 3.92 | 11.05 | 4.99 |
| Earnings per share, diluted | 4.43 | 6.06 | 23.39 | 4.33 | 3.65 | 4.89 | 7.77 | 8.21 | 4.67 | 6.44 | 9.44 | 5.88 | 4.80 | 3.92 | 11.05 | 4.99 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,235.00 | 5,360.00 | 4,264.00 | 6,046.00 | 7,977.00 | 9,685.00 | 11,968.00 | 12,402.00 |
| Other income | 25.00 | 45.00 | 62.00 | 36.00 | 31.00 | 47.00 | 75.00 | 62.00 |
| Total income | 5,260.00 | 5,405.00 | 4,326.00 | 6,081.00 | 8,008.00 | 9,733.00 | 12,043.00 | 12,464.00 |
| Cost of materials consumed | 2,801.00 | 3,109.00 | 2,360.00 | 3,662.00 | 5,020.00 | 6,146.00 | 7,944.00 | 8,411.00 |
| Purchases of stock-in-trade | 960.00 | 917.00 | 880.00 | 1,104.00 | 1,347.00 | 1,162.00 | 1,412.00 | 1,235.00 |
| Changes in inventories | 170.00 | -8.00 | 31.00 | -51.00 | -185.00 | 84.00 | -281.00 | -104.00 |
| Employee benefit expense | 421.00 | 485.00 | 382.00 | 509.00 | 591.00 | 749.00 | 919.00 | 918.00 |
| Finance costs | 48.00 | 29.00 | 65.00 | 46.00 | 55.00 | 58.00 | 49.00 | 72.00 |
| Depreciation and amortisation | 75.00 | 88.00 | 92.00 | 86.00 | 85.00 | 98.00 | 128.00 | 179.00 |
| Other expenses | 536.00 | 575.00 | 371.00 | 476.00 | 711.00 | 879.00 | 1,099.00 | 1,011.00 |
| Total expenses | 5,011.00 | 5,195.00 | 4,181.00 | 5,831.00 | 7,624.00 | 9,176.00 | 11,269.00 | 11,723.00 |
| Profit before exceptional items and tax | 248.00 | 210.00 | 145.00 | 250.00 | 384.00 | 557.00 | 774.00 | 741.00 |
| Exceptional items | 3.00 | -4.00 | 0.00 | 0.00 | 171.00 | 0.00 | 13.00 | -39.00 |
| Profit before tax | 251.00 | 206.00 | 145.00 | 250.00 | 555.00 | 557.00 | 786.00 | 703.00 |
| Current tax | 39.00 | 37.00 | 28.00 | 63.00 | 135.00 | 135.00 | 189.00 | 158.00 |
| Deferred tax | 3.00 | 28.00 | 19.00 | 20.00 | 20.00 | 8.00 | 5.00 | 18.00 |
| Tax expense | 42.00 | 65.00 | 47.00 | 83.00 | 155.00 | 143.00 | 194.00 | 176.00 |
| Profit for the period | 190.00 | 144.00 | 101.00 | 168.00 | 401.00 | 414.00 | 591.00 | 527.00 |
| Profit attributable to owners | — | — | 0.00 | 168.00 | 400.00 | — | 591.00 | 528.00 |
| Profit attributable to non-controlling interests | -0.00 | -0.00 | -0.00 | 0.00 | 0.00 | — | 0.00 | -0.00 |
| Other comprehensive income | -3.00 | 2.00 | 2.00 | 3.00 | 9.00 | -1.00 | 4.00 | 16.00 |
| Total comprehensive income | 187.00 | 146.00 | 103.00 | 171.00 | 410.00 | 414.00 | 595.00 | 544.00 |
| Earnings per share, basic | 19.75 | 14.87 | 10.42 | 17.44 | 41.60 | 20.77 | 28.76 | 25.65 |
| Earnings per share, diluted | 19.74 | 14.87 | 10.42 | 17.44 | 41.60 | 20.77 | 28.76 | 25.65 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 4,411.00 | 5,399.00 | 6,053.00 | 6,618.00 | 6,471.00 | 8,258.00 | 7,901.00 | 8,576.00 |
| Non-current assets | 1,039.00 | 1,148.00 | 1,383.00 | 1,578.00 | 1,706.00 | 1,945.00 | 2,097.00 | 2,188.00 |
| Current assets | 3,368.00 | 4,249.00 | 4,670.00 | 5,040.00 | 4,762.00 | 6,313.00 | 5,804.00 | 6,388.00 |
| Property, plant and equipment | 413.00 | 706.00 | 797.00 | 980.00 | 1,106.00 | 1,234.00 | 1,298.00 | 1,361.00 |
| Capital work-in-progress | 195.00 | 61.00 | 141.00 | 108.00 | 47.00 | 73.00 | 60.00 | 65.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 40.00 | 59.00 | 65.00 | 93.00 | 95.00 | 113.00 | 120.00 | 156.00 |
| Inventories | 1,201.00 | 1,433.00 | 1,355.00 | 1,407.00 | 1,714.00 | 2,149.00 | 2,429.00 | 2,166.00 |
| Trade receivables | 1,031.00 | 1,549.00 | 1,245.00 | 1,953.00 | 1,381.00 | 1,959.00 | 1,439.00 | 2,140.00 |
| Cash and cash equivalents | 199.00 | 243.00 | 425.00 | 374.00 | 210.00 | 426.00 | 87.00 | 367.00 |
| Total equity and liabilities | 4,411.00 | 5,399.00 | 6,053.00 | 6,618.00 | 6,471.00 | 8,258.00 | 7,901.00 | 8,576.00 |
| Equity | 1,049.00 | 1,334.00 | 2,355.00 | 2,613.00 | 2,736.00 | 3,068.00 | 3,114.00 | 3,434.00 |
| Equity share capital | 19.00 | 19.00 | 41.00 | 41.00 | 41.00 | 41.00 | 41.00 | 41.00 |
| Other equity | 1,026.00 | 1,311.00 | 2,311.00 | 2,569.00 | 2,692.00 | 3,024.00 | 3,070.00 | 3,390.00 |
| Total liabilities | 3,363.00 | 4,065.00 | 3,697.00 | 4,006.00 | 3,735.00 | 5,190.00 | 4,787.00 | 5,142.00 |
| Non-current liabilities | 280.00 | 281.00 | 267.00 | 126.00 | 175.00 | 245.00 | 239.00 | 276.00 |
| Current liabilities | 3,082.00 | 3,784.00 | 3,430.00 | 3,880.00 | 3,560.00 | 4,944.00 | 4,548.00 | 4,866.00 |
| Borrowings, non-current | 174.00 | 162.00 | 150.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Borrowings, current | 551.00 | 416.00 | 641.00 | 167.00 | 247.00 | 199.00 | 846.00 | 627.00 |
| Trade payables | 1,616.00 | 2,511.00 | 1,846.00 | 2,617.00 | 2,248.00 | 3,428.00 | 2,465.00 | 2,943.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | -6.00 | 247.00 | -84.00 | 289.00 | 3.00 | 688.00 | -728.00 | 154.00 |
| Net cash from investing activities | -151.00 | -182.00 | -765.00 | -525.00 | -84.00 | -464.00 | -37.00 | -359.00 |
| Net cash from financing activities | 89.00 | -91.00 | 1,030.00 | 365.00 | -73.00 | -162.00 | 427.00 | 137.00 |
| Purchase of property, plant and equipment | 176.00 | 360.00 | 258.00 | 441.00 | 137.00 | 372.00 | 130.00 | 329.00 |
| Net increase in cash | -67.00 | -22.00 | 181.00 | 357.00 | -154.00 | 63.00 | -336.00 | -63.00 |
| con:CFO.BEFORE_TAX | 55.00 | 340.00 | -40.00 | 426.00 | 91.00 | 870.00 | -615.00 | 326.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 60.00 | 93.00 | 44.00 | 136.00 | 88.00 | 182.00 | 113.00 | 172.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 178.00 | 3.00 | 5.00 | 1.00 | 3.00 | 4.00 | 7.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-06-30 | 2023-09-22 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 38.91 | 36.46 | 36.49 | 36.49 | 36.49 | 36.52 | 36.46 | 36.46 | 36.47 | 36.49 | 0.36 | 0.36 | 0.36 | 0.36 |
| Domestic institutions | 24.50 | 26.10 | 25.24 | 24.83 | 24.69 | 23.57 | 22.85 | 22.20 | 23.14 | 23.37 | 0.25 | 0.27 | 0.28 | 0.28 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 21.18 | 0.22 | 0.22 | 0.22 | 0.22 |
| Insurance companies | 0.44 | 1.17 | 1.21 | 1.28 | 1.39 | 1.57 | 1.63 | 1.65 | 1.76 | 1.78 | 0.03 | 0.04 | 0.05 | 0.06 |
| Foreign institutions | 11.06 | 13.62 | 14.89 | 15.38 | 15.93 | 17.05 | 18.06 | 18.49 | 16.94 | 16.21 | 0.16 | 0.15 | 0.14 | 0.13 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | — | — | 0.00 |
| Public | 61.09 | 63.54 | 63.51 | 63.51 | 63.51 | 63.48 | 63.54 | 63.54 | 63.53 | 63.50 | 0.64 | 0.64 | 0.64 | 0.63 |
| Non-institutional | 25.53 | 23.82 | 23.38 | 23.30 | 22.89 | 22.86 | 22.63 | 22.86 | 23.45 | 23.92 | 0.22 | 0.22 | 0.22 | 0.22 |
| Shares outstanding | 192627776 | 205614788 | 205614788 | 205614788 | 205614788 | 205614788 | 205614788 | 205614788 | 205614788 | 205614788 | 205614788 | 205614788 | 205614788 | 205614788 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Blue Star Climatech Ltd. | Subsidiary company | Any other transaction, Inter-corporate deposit, Inte | 11,466,300,000.00 | 21 |
| Blue Star North America Inc. | Subsidiary company | Any other transaction, Sale of goods or services | 1,653,600,000.00 | 12 |
| Blue Star International FZCO | Subsidiary company | Any other transaction, Dividend received, Sale of go | 511,800,000.00 | 13 |
| Blue Star MEA Airconditioning LLC | Subsidiary company of Blue Star In | Any other transaction, Loan, Purchase of goods or se | 365,500,000.00 | 14 |
| Madison Communications Private Limited | Director and relatives of the Comp | Purchase of goods or services, Sale of goods or serv | 314,600,000.00 | 2 |
| Blue Star Europe B.V. | Subsidiary company | Any other transaction, Sale of goods or services | 177,300,000.00 | 12 |
| Ashok M Advani | Promoter and Promoter Group | Any other transaction | 171,900,000.00 | 1 |
| Blue Star Innovation Japan LLC | Subsidiary company | Any other transaction, Sale of goods or services | 159,500,000.00 | 11 |
| Blue Star Provident Fund Trust | Trust created by the company | Any other transaction | 158,200,000.00 | 1 |
| Vir S Advani | Chairman & Managing Director | Remuneration | 79,500,000.00 | 1 |
| B Thiagarajan | Managing Director | Loan, Remuneration | 64,500,000.00 | 2 |
| Blue Star Engineering & Electronics Ltd. | Subsidiary company | Any other transaction, Dividend received, Inter-corp | 50,600,000.00 | 16 |
| Blue Star Gratuity trust | Trust created by the company | Any other transaction | 38,700,000.00 | 2 |
| Thomas Overs | Director of subsidiary | Remuneration | 33,700,000.00 | 1 |
| MOMS Outdoor Media Solutions Private Limited | Director and relatives of the Comp | Purchase of goods or services, Sale of goods or serv | 30,900,000.00 | 2 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-13 | Q1FY27 | STAR LIMITED | Read the call |
| 2026-05-12 | Q4FY26 | STAR LIMITED | Read the call |
| 2026-02-04 | Q3FY26 | Read the call | |
| 2025-11-12 | FYFY26 | Read the call | |
| 2025-08-13 | Q1FY26 | Read the call | |
| 2025-05-14 | Q4FY25 | Read the call | |
| 2025-02-04 | Q3FY25 | Read the call | |
| 2024-11-13 | Q2FY25 | Read the call | |
| 2024-08-13 | Q1FY25 | Read the call | |
| 2024-05-09 | Q4FY24 | Read the call | |
| 2024-02-06 | Q3FY24 | Read the call | |
| 2023-11-06 | Q2FY24 | Read the call | |
| 2023-08-09 | Q1FY24 | FINANCIAL, GROUP, NIKHIL | Read the call |
| 2023-05-10 | Q4FY23 | Read the call | |
| 2023-02-06 | Q3FY23 | Read the call | |
| 2022-11-10 | Q2FY23 | Read the call | |
| 2022-08-09 | Q1FY23 | Read the call | |
| 2022-05-10 | Q4FY22 | Read the call | |
| 2022-02-09 | Q3FY22 | Read the call | |
| 2021-11-02 | Q2FY22 | Read the call | |
| 2021-08-13 | Q1FY22 | Read the call | |
| 2021-05-11 | Q4FY21 | Read the call | |
| 2021-02-04 | Q3FY21 | Read the call | |
| 2020-11-11 | Q2FY21 | Read the call | |
| 2020-08-13 | Q1FY21 | Read the call | |
| 2020-05-17 | Q4FY20 | Read the call | |
| 2020-02-07 | Q3FY20 | OFFICER, BLUE STAR LIMITED | Read the call |
| 2019-11-18 | Q2FY20 | Read the call | |
| 2019-08-16 | Q1FY20 | Read the call | |
| 2019-05-16 | Q4FY19 | Read the call | |
| 2019-02-13 | Q3FY19 | Read the call |
What they said about it, quarter by quarter
| Topic | Q4FY19 | Q4FY20 | Q4FY21 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | Regular capex continues to be in the range of about Rs.100 Crores and we do not expect that to be any different in FY20. In addition we are expanding … | However, due to potential cut backs in capex of Government and private sectors, some of the segments such as Testing Equipments may potentially face c… | If you can talk about our CAPEX plans and PLI scheme, are we looking at some component manufacturing or any new plant etc., if you can talk about that… | Electro-Mechanical Projects business Revival of capex cycle led to improved pace of project execution as compared to the previous quarters. | This was because of the government investment in infrastructure, the good uptick which was there in private capex which all of us are aware of. | — | — | Thirdly, your capex and FY '27 outlook in terms of revenue or margins, please? |
| Capital allocation | — | — | — | — | Of course, one important thing also is that yesterday, the board has declared the dividend of Rs 12 per share and they have also declared bonus of 1:1… | 139.24 crores net of tax) in FY23. In view of the record revenue and profits earned by the company, a dividend of Rs. | — | — |
| Costs | — | Consequently, all manufacturers including Blue Star accelerated shipments of raw materials and components in the second half of February. | This is a challenge in the interim that is going to be faced by all the players since the cost of raw materials and inputs definitely is one major iss… | Continued headwinds in input costs, disruptions in the international supply chain and increased supply lead time led to a drop in segment margins for … | Otherwise, raw materials only we import. | — | It is a question of raw material and what you have planned and how that is being imported or locally sourced month-after-month. | And is it completely enough to cover the cost inflation, which is there and protect the EBIT level margins for the Cooling Products segment? |
| Debt and cash | Blue Star Limited May 3, 2019 -Capital employed increased marginally to Rs 1121.51 cr as on Mar 31, 2019 from Rs 1088.96 cr as on Mar 31, 2018 to supp… | The resultant stress on cash flows was profound, requiring swift actions to rebuild adequate liquidity on the Company’s Balance Sheet, so as to meet e… | One part we have been talking about relatively consistently is around our decision to focus closely on the customer’s overall credit profile and opera… | The other important highlight is also the fact that throughout the free cash flows is excellent and you will see when Neeraj speaks how we had perform… | When we are investing in growth what is most important is the cash flow and how we are financing it. | 2/- each On the back of strong operating cash flows, coupled with QIP inflows the Company reported a net cash position of Rs 455.93 crores as of Mar… | So compared with what we are doing, and many number of projects we can get into, our principle has been that do the project selectively where your cas… | Then the question is whether, you are able to protect your margins, whether you are able to protect your cash flows. |
| Demand | The segment-wise break-up of the carry forward order book of the Electro-Mechanical | Due to the significant demand and supply chain disruptions across India in the month of March, the Company fell short of revenue and profit across all… | I will give you the order book position for the Electro Mechanical Projects business. | The demand for our offerings across various segments not only continued but also accelerated in the month of March. | In commercial air conditioning there has been a product portfolio expansion, and at the same time, there is also a good demand from Tier 2, 3, 4 towns… | We are happy to inform that the FY25 also has begun with a huge unprecedented demand in the room air conditioners category due to ongoing summer seaso… | There is no doubt that the demand is coming back in many sectors, driven by the modernization of the traditional Kirana stores itself. | The real advertising for room air conditioners including tactical, is indeed a function of how the demand in the marketplace. |
| Guidance | Faster pace of order finalization in the factory and office spaces segments besides orders from industrial EPC and substation projects contributed to … | In addition, taking into consideration the outlook for financial stress in the commercial real estate and Blue Star Limited May 13, 2020 infrastructur… | We expect that the commodity prices should start cooling off as and when the market conditions normalize. | But the important thing that I want to share is April had gone on well, the outlook for Q1 is very good, and despite the interest rate hikes, I still … | We also have a Blue Star Way, which are eleven guiding principles, again, that we follow. | Our subsidiaries in US and Europe are engaging with customers and we expect the business to pick up traction soon. | So just in terms of sustainability, if you could help us qualitatively understand outlook for Commercial AC, Commercial Ref and Projects also, going i… | Second question was qualitatively, if you could talk about the growth outlook for fiscal '27 on commercial AC, commercial refs and projects. |
| Margin | Segment result grew to Rs 73.32 cr (10.4%) in Q4 FY19 as compared to Rs 40.75 cr (6.9%) in Q4 FY18. Margin improved during the quarter due to better p… | Post the lifting of the lock down, a detailed evaluation of each and every project would be carried out to ensure credit worthiness of customers, visi… | The trigger for gross margin pressure in Q4 is primarily the unprecedented increase in input cost. | So, the commodity price increase is so much and despite price increase we have delivered lesser margin as far as the cooling product segment is concer… | If there is a margin pressure, we have announced it. | In an all-round performance, all businesses performed well gaining market share and the company improved operating margin by 70 bps (6.9% in FY24 vs 6… | You launch a product, it is functioning very well, but you want to make it very cost effective, improve the margin. | 13% will cover the desired margin levels. |
| People | — | — | — | — | — | The cost structure is impacted by a few other things which is not applicable for other categories, like for example, once in two years, the energy lab… | — | First, on the RAC business for the Unitary Cooling, can you help us with the volume numbers for FY ‘26 and at what utilization levels are you sitting … |
| Pricing | Sir if I look at the margins profile for the current quarter, it has clearly improved quite sharply, so as you said that it has got to do with price h… | We had also indicated that there will be a 5% price increase due to the hike in customs duty and ocean freight and the air-lifting of certain critical… | But we have taken 5% to 7% price increase at the Unitary Products level. | The second important thing is that we had a huge commodity price increase and consequently, the price increases implemented by Blue Star on April 1, 2… | In fact, if there is going to be a price increase, in all probability it would have been Blue Star that would have announced that there is going to be… | And secondly, with the recent increase in raw material prices, have we taken any price hikes either in Q4 or in Q1 so far? | Given that all of our major players have backward integrated, are now sitting with massive capacities, and the season has kind of at least started wit… | Indeed, in February and March, they would have bought it because they know the price increase has been announced and the new material that will go int… |
| Revenue growth | The impact on revenue and profit was not material for the full year FY18. Following are the financial highlights of the Company for the year ended Mar… | In the above background, the Company’s revenue from operations registered a modest growth for the full year, FY20. Financial highlights for the year e… | — | The early onset of summer in some parts of the country also helped revenue growth in several product categories. | If in three months 22% growth is there, it should be a growth of similar nature is our understanding - that is what we are aiming for. | FINANCIAL HIGHLIGHTS FOR Q4FY24 and FY24 The Company ended FY24 on a high note with a revenue growth of 21.4 %, Operating profit growth of 34.9%, a re… | Now that you have mentioned and all your peers have also given out numbers, the top-line growth was strong, could be because of channel filling and th… | And this is for the growth of the industry. |