Blue Star Ltd
About
Blue Star is an Indian company that provides cooling solutions, commercial refrigeration, and mechanical, electrical, plumbing, and fire-fighting contracting solutions. In addition to its chillers, air conditioners, water coolers, and freezers, Blue Star has diversified into air purification, commercial kitchen and medical refrigeration, and engineering facilities management as well. Blue Star is devoted to infrastructure development as well. It is involved in the construction of power generation systems, transmission lines, railway electrification, rainwater harvesting, solar water heating systems, and more. The company owns 7 manufacturing facilities across the country and operates more than 10,000 retail outlets and 2,100 service centres in 900+ towns in India. Subsidiaries like Blue Star International FZCO, Blue Star Qatar WLL, Blue Star M&E Engineering (Sdn) Bhd, Blue Star North America Inc., and Blue Star Europe B.V. enable the company to drive exports to regions like the US, Europe, Southeast Asia, the Middle East, and Africa.
Featured In Fortune India Ranking
Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 9650 15.4% | 8365 36.0% | 6152 43.1% | 4298 -20.6% | 5413 6.1% | 5104 4.5% | 4885 10.1% | 4437 12.7% | 3936 21.6% | 3237 6.2% | 3048 2.3% | 2981 6.6% | 2796 -13.1% | 3218 24.6% | 2583 2.5% | 2519 - |
| Net Operating Income (INR Cr) | 9685 21.41% | 7977 31.55% | 6064 42.23% | 4264 -20.46% | 5360 2.39% | 5235 12.85% | 4639 5.79% | 4385 15.46% | 3798 19.36% | 3182 8.44% | 2934 0.35% | 2924 3.67% | 2820 -5.38% | 2981 0.00% | 2525 0.89% | 2503 12.65% |
| Profit (INR Cr) | 415 3.6% | 400 138.8% | 168 67.1% | 100 -30.0% | 143 -24.6% | 190 32.0% | 144 17.0% | 123 17.4% | 105 93.4% | 54 -30.1% | 78 98.5% | 39 - | -105 - | 161 -23.9% | 211 17.3% | 180 - |
| Assets (INR Cr) | 2920 42.3% | 2052 28.0% | 1604 13.1% | 1418 6.8% | 1327 7.0% | 1241 4.4% | 1189 19.5% | 995 -1.6% | 1011 17.4% | 861 -12.0% | 979 18.1% | 829 3.9% | 798 -16.8% | 959 71.9% | 558 41.4% | 394 - |
| Net Worth (INR Cr) | 2610 96.2% | 1331 30.8% | 1018 15.0% | 885 13.1% | 782 -10.4% | 873 10.1% | 793 4.7% | 757 20.1% | 630 38.4% | 456 -1.1% | 461 14.9% | 401 1.4% | 395 -22.7% | 511 0.0% | 492 33.9% | 367 39.3% |
| Employee Cost (INR Cr) | 749 26.6% | 591 16.3% | 509 33.2% | 382 -21.2% | 485 15.0% | 421 6.0% | 398 17.3% | 339 -18.8% | 417 52.8% | 273 10.3% | 248 7.7% | 230 4.2% | 221 2.6% | 215 26.7% | 170 0.2% | 169 - |
| Interest Cost (INR Cr) | 58 | 55 | 46 | 65 | 29 | 48 | 29 | 38 | 43 | 49 | 54 | 53 | 72 | 26 | 8 | 17 |
| Cash & Bank Balance (INR Cr) | 377 | 243 | 270 | 332 | 294 | 101 | 81 | 97 | 46 | 44 | 68 | 17 | 54 | 52 | 20 | 9 |
| Total Debt (INR Cr) | 243 | 662 | 554 | 510 | 520 | 348 | 376 | 221 | 365 | 398 | 494 | 422 | 397 | 445 | 66 | 27 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 4.3% | 4.8% | 2.7% | 2.3% | 2.7% | 3.7% | 3.0% | 2.8% | 2.7% | 1.7% | 2.5% | 1.3% | - | 5.0% | 8.2% | 7.2% |
| Profit As % Of Assets | 14.2% | 19.5% | 10.5% | 7.1% | 10.8% | 15.3% | 12.1% | 12.4% | 10.4% | 6.3% | 7.9% | 4.7% | - | 16.8% | 37.9% | 45.7% |
| Profit As % Of Networth | 15.9% | 30.1% | 16.5% | 11.3% | 18.3% | 21.8% | 18.2% | 16.3% | 16.6% | 11.9% | 16.8% | 9.8% | - | 31.5% | 43.0% | 49.1% |
| Interest Cost to EBITDA % | 8.7% | 11.1% | 13.4% | 27.0% | 10.6% | 14.3% | 10.8% | 17.0% | 27.0% | 47.0% | 40.6% | 58.4% | - | 10.0% | 3.0% | 6.7% |
| Debt to Equity Ratio | 0.09 | 0.50 | 0.54 | 0.58 | 0.66 | 0.40 | 0.47 | 0.29 | 0.58 | 0.87 | 1.07 | 1.05 | 1.01 | 0.87 | 0.13 | 0.07 |
| RONW | 21.0% | 24.1% | 17.7% | 9.0% | 17.0% | 25.1% | 18.9% | 17.6% | 19.3% | 20.0% | 12.7% | 9.6% | - | 31.0% | 49.3% | 57.2% |
| ROCE | 24.8% | 24.5% | 19.7% | 12.7% | 18.4% | 24.7% | 20.6% | 19.6% | 18.8% | 14.5% | 12.6% | 11.5% | -3.6% | 26.8% | 59.9% | 73.8% |