Blue Star Ltd.: History, Latest Updates, Milestones, Subsidiaries & Share Price
Company Overview
Blue Star Ltd. stands as a key player in India's air conditioning and refrigeration sector, offering everything from home cooling units to large-scale engineering projects for buildings and industries. The Mumbai-based company, founded in 1943, has built a solid reputation through its own factories, project management skills, and reliable after-service support, serving customers at home and abroad.?
The small venture has now emerged as Blue Star Ltd., the leader in the fields of room ACs, cold storage establishments, water filters, and air cleaners with an extensive dealer network all over India. The company has also diversified into complete, mechanized MEP work on major infrastructure projects, including metro and factories, to offer mechanical, electrical, plumbing, and fire safety services. This integrated engagement has made it a contracted partner for any complex cooling or engineering requirements. ?
Blue Star share price reflects its good progress, increasing gradually in the high demand for its products. On November 28, 2025, Blue Star share price hovered near Rs.1,765 on the NSE, with decent trading volume keeping things steady. It reported operational revenue of about Rs.4,019 crore in Q4 FY25, sharply higher year-over-year, while full-year profits rose by more than 35% due to improved margins; the market cap reached around Rs.3.6 lakh crore by late 2025.?
Growth of energy-saving ACs, improvement in cold chains for food retailing, and large infra projects are driving Blue Star momentum. Capacity expansions at plants like Sri City, along with new eco-friendly products, will keep it competitive. A healthy order backlog of Rs.6,260 crore as of March 2025 secures steady work for the future across railways, real estate, and others.?
Tools on Enrich Money let traders watch the live prices, charts, ratios, and order flows of Blue Star in real time to make smarter moves. The features under the spotlight are margins, valuations, and trends to guide buys, sells, or holds. With its brand strength and market tailwinds, Blue Star remains a top pick for those eyeing consumer goods and infra plays.
Recent Developments in 2025
Blue Star Ltd. kicked off the year on a high note in January 2025 by reporting robust Q3 FY25 results with revenue up 25% year-over-year, driven by strong demand in electro-mechanical projects and cooling products, thereby raising investor optimism and Blue Star share price momentum.
In March, the company announced aggressive capacity expansion plans of Rs 400 crore to achieve higher production of air conditioners in anticipation of a scorching summer, and this news helped its shares rally sharply from recent highs.
In May, Q4 FY25 results demonstrated revenue growth of more than 20% to Rs 4,019 crore, along with a leap in net profit by 21%, capping a great fiscal year and encouraging the declaration of a dividend that sustained positive market sentiments relating to Blue Star Ltd. stock.
Results for Q1 FY26, announced in August, were marked by a modest 4.1% increase in revenues to Rs 2,982 crore and softer profitability as unseasonal rains hurt AC sales, though the healthy order book offered reassurance on steady project execution ahead.
The order book expanded 7.9% in September to Rs 7,120 crore, riding on electro-mechanical projects, although new inflows have softened some, setting up cautious optimism amid weather challenges.
Blue Star Ltd. reported Q2 FY26 numbers in November, wherein its revenue went up 6% at Rs 2,422 crore; its net profit inched up by almost 3% at Rs 99 crore on improved EBITDA margins of 7.6%, as unitary products faced headwinds from the rains and adjustments due to GST-management is now expecting demand pickup during the festive season.
Evolution
Founding Era (1940s)
Blue Star Ltd. traces its roots back to 1943, when Mohan T Advani started a small three-person outfit in Mumbai involved in refurbishing air conditioners and refrigerators due to shortages experienced during World War II. In 1946, it had gained agencies for overseas companies like Melchior Armstrong Dessau. In 1947, it combined with Worthington to launch ice candy machines, bottle coolers, and central AC projects, which marked its entry into manufacturing. That was followed by water coolers in 1948, with the firm converting into a private limited company in 1949 and laying the base for exports to Dubai.
Growth and Diversification (1950s-1960s)
The 1950s saw distributorships for Honeywell in 1954 and GDR testing machines in 1955, and a tie-up with Perkin-Elmer in 1957 initiated electronics ventures. Revenue crossed Rs 1 crore in 1960, the employee count reached 1,000 in 1964, and the creation of Techniglas in 1965 was for insulation materials. The Thane factory opened in 1969 after shifting from Colaba and created larger-scale operations.
Expansion and Milestones (1970s)
HP distributorship started in 1970 and was followed by other landmark projects in Mumbai, such as the Air India Building and Oberoi Hotel. Revenue crossed Rs 10 crore and staff went beyond 2,000 in 1972. Middle East focus started in 1977 with Al Shirawi JV, Hitachi medical gear in 1977, Bharuch plant in 1980, and the industrial division started in 1978.
Technology and Global Push (1980s)
Major Middle East AC projects ran through 1980-86, with York collaboration in 1984, and centrifugal chiller production in 1985 at Thane; revenue topped Rs 100 crore in 1986. Yokogawa JV and Gandhinagar EPABX plant emerged in 1987, Mitsubishi tie-up, PC assembly under Quantum, and top central AC status arrived in 1988.
Restructuring and Modernization (1990s)
Gandhinagar closed in 1990, HP-Motorola JV in 1989, revenue touched Rs 200 crore in 1992 with Motorola exit, and Arab Malaysian JV plus 50th anniversary in 1993. HP JV ended in 1995, Dadra plant opened in 1997, dealer push and brand focus in 1998, industrial projects exit and Blue Star Infotech spin-off in 1999-2000 with Rs 500 crore revenue.
Revenue Surge and Acquisitions (2000s)
AC exports started in 2001, Yokogawa exit in 2003, Kala Amb plant and Rs 1,000 crore revenue with 5:1 stock split in 2006. Qatar JV and Wada plant in 2007, Naseer Electricals buy for electrification and Rs 2,000 crore in 2008.
Leadership and Core Focus (2010s)
DS Gupta acquisition strengthened MEP in 2010, residential AC entry in 2011, 70th anniversary in 2013. Oman JV, PE&IS subsidiary, international group, and Rs 3,000 crore in 2015; water/air purifiers, kitchen gear in 2016. Rs 4,000 crore, facility management, patent, Dubai subsidiary in 2017; Rs 4,600 crore and platinum jubilee in 2018; Virat Kohli ambassador in 2019.
Recent Acceleration (2020s)
Governance award in 2020, affordable split ACs in 2021, Thane Innovation Centre, water projects, Rs 6,000 crore, and customer center in 2022. Rs 8,008 crore FY23 in 2023, Vir S Advani as CMD in 2024. Strong FY25 growth with Rs 12,000 crore income and Rs 581 crore profit underscores sustained momentum.
Company Information
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Company Information |
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Trade Name |
Blue Star Ltd. |
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Founded year |
1943 |
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Headquarters |
Mumbai, India |
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Industry |
Air Conditioning & Refrigeration |
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Chairman |
Vir S. Advan |
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Revenue |
Rs.11,387 crore (FY 2024-25) |
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NSE code |
BLUESTARCO |
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BSE code |
500067 |
Milestones , Awards and Achievements
Founding Era (1940s-1950s)
Blue Star Ltd. trace their roots back to 1943 when founder Mohan T Advani started a small outfit of three persons, reconditioning ACs and refrigerators in Mumbai. By 1947, the company tied up with international names like Worthington to launch production of ice candy machines and central ACs, thus marking early manufacturing success stories. The firm went private limited in 1949, began the assembly of water coolers in 1948, and by 1954 secured Honeywell distributorship, while hitting Rs.1 crore revenue in 1960.
Expansion and Diversification (1960s-1970s)
The number of employees crossed the 1,000-plus mark by 1964 as Blue Star shifted factories to Thane in 1969 and went public that year. Landmarks included air conditioning Mumbai's iconic Air India Building, Express Towers, and Oberoi Hotel in 1972, alongside Rs.10 crore revenue and 2,000 staff. A 1977 Dubai JV with Al Shirawi launched Middle East growth, with an Industrial Division starting in 1978.
Manufacturing Milestones (1980s)
Factories sprang up in Bharuch (1980) and Dadra (1997), and centrifugal chiller production was sited at Thane in 1985. Blue Star claimed the top spot in India for central ACs in 1988, launched Mitsubishi collaboration and PC assembly that year, and crossed Rs.100 crore income in 1986. JVs like Yokogawa (1987) fueled the progress in technological advancement amid major Middle East projects.
Restructuring and Global Push (1990s-2000s)
Revenue crossed Rs.200 crore in 1992, Rs.500 crore in 2001, Rs.1,000 crore in 2006, and Rs.2,000 crore in 2008. Important related moves included a software spin-off to Blue Star Infotech in 2000, a 5-for-1 stock split in 2006, and factories in Wada in 2007 and Kala Amb in 2005. MEPS services were ramped up with acquisitions such as that of Naseer Electricals in 2008. Qatar JV formed in 2007.
Modern Achievements (2010s)
Blue Star entered residential ACs, acquired D S Gupta for plumbing strength, hit Rs.3,000 crore income, and created water purifiers, patents like vacuum breakers, and a Dubai subsidiary for global ops. Platinum Jubilee celebrated in 2018 with Rs.4,600 crore revenue while Virat Kohli became the brand ambassador in 2019.
Recent Honors (2020s)
Governance glittered with the 2020 ICSI 'Best Governed Company' award and Golden Peacock for Risk Management (2020, 2022). Revenue crossed Rs.6,000 crore, Thane Innovation Centre opened, and water projects launched. Vir S Advani took over as Chairman in 2024 after a record Rs.8,008 crore in FY23; 70th anniversary noted in 2013.
News, Major Corporate Actions & Announcements in 2025
Key Announcements
Bluestar had opened 2025 with strong Q4 FY25 earnings in May, when its revenue jumped over 20% to about Rs.4,000 crore and net profit grew 21%, helping the Blue Star share price remain resilient during choppy markets. This year also saw no buybacks, stock splits, or rights issues, thereby maintaining the management's focus on operations.
Dividend and Corporate Actions
The board approved a strong final dividend of Rs.9 per share (450% on Rs.2 face value) in May for FY25, with July 18 as the record and ex-date—payments followed by early August, boosting shareholder returns without altering share structure.
Quarterly Results Highlights
Q1 FY26 results in August had revenue rise 4.1% to Rs.2,982 crore, but profits softened due to weather impacts on AC sales; a Rs.6,260 crore order book offered comfort, though Blue Star share price cooled slightly. November's Q2 FY26 brought revenue growth of 6% at Rs.2,422 crore and a 3% profit uptick to Rs.99 crore despite headwinds guidance trim led to a 6-7% drop in Blue Star share price right after.
Strategic Updates
A cut in the GST on room ACs in August ignited hopes of better festive sales, while changes in the 2026 energy label promised holiday demand. According to analysts, the Blue Star share price may recover up to Rs.1,765 by the end of November. ESOP grants in October rounded out the actions, emphasizing talent retention in light of project wins.
Blue Star Share Price
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Company Name |
Sector |
Share Price Link |
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Blue Star Ltd. |
Consumer Durables |
Conclusion
Blue Star Ltd. blends legacy with innovation in cooling solutions, strong growth in 2025, decent dividends, and order book in place for the steady Blue Star share price . Use Enrich Money tools to track in real-time for smart trades in this infra-consumer outlier.
Frequently Asked Questions
What is today's Blue Star stock price?
The Blue Star share price is trading at around Rs. 1,765 on NSE as of late November 2025, up 0.41% on regular volumes.
Any recent movement in Blue Star share price?
The Blue Star share price has been oscillating at Rs.1,765, well within the yearly range of Rs.1,521 to Rs.2,417 propelled by strong sectoral demand.
Where can we find live Blue Star share prices?
Blue Star share price stands at Rs.1,765 as of 28th November,2025.
What is the current Blue Star share price outlook?
The Blue Star share price ended near Rs.1,765, buoyed by quarterly gains yet cautious after guidance tweaks, with festive hopes ahead.
What is the quick insight on Blue Star share price today?
The Blue Star share price today, near Rs.1,765, boasts a P/E of 67 on robust orders; Blue Star share price analysis says it's a fair buy opportunity.
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