Blue Star Limited (BLUESTARCO) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Blue Star Limited stock ₹197, price ₹1,564, that is 87.4% below the price, quality 43 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range ₹372.32 – ₹2,315 · fair‑value band ₹159.34 – ₹280.94 · the ₹1,564 price screens above the ₹197.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Blue Star Limited operates as a heating, ventilation, air conditioning, and commercial refrigeration (HVAC&R) company in India.
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It operates through three segments: Electro-Mechanical Projects and Commercial Air Conditioning Systems; Unitary Products; and Professional Electronics and Industrial Systems.
The Electro-Mechanical Projects and Commercial Air Conditioning Systems segment engages in the design, installation, and maintenance of central air conditioning systems, including packaged, ducted systems, variable refrigerant flow units, scroll chillers, screw chillers, centrifugal chillers, and data center chillers.
This segment provides turnkey contracting services for mechanical, electrical and plumbing, and firefighting sectors, as well as value-added services, such as retrofitting, system upgrades, and ongoing operational support.
Its Unitary Products segment is involved in the development, manufacture, and distribution of air conditioners for commercial and residential use, as well as the provision of commercial refrigeration solutions, cold chain equipment, air purifiers, and air coolers.
The Professional Electronics and Industrial Systems segment trades in and services testing machines, medical, analytical, test and measuring, data communications, and industrial products and systems. The company also exports its products to the Middle East, Africa, SAARC, and ASEAN regions.
Blue Star Limited was founded in 1943 and is headquartered in Mumbai, India.
Stock analysis
Blue Star Limited (BLUESTARCO) currently trades at ₹1,564, while our model-based Fair Value estimate is ₹197.04, 87% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹553.73 per share, and 0 of the 17 models we run sit above the ₹1,564 price.
Bear case: the Asset-Based group reads lowest at ₹60.49, and 17 of the 17 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹159.34 (bear) to ₹280.94 (bull), the price of ₹1,564 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Blue Star Limited reported revenue of ₹124B in FY2026 versus ₹60.6B in FY2022, a compound +19.6%/yr. Reported net income was ₹5.3B in FY2026, compounding +33.2%/yr from FY2022.
Key figures
Market cap ₹322B (≈ $3.4B) Mid · P/E ratio 60.2 · P/S ratio 2.41 · EPS (TTM) ₹25.98 · Dividend yield 0.5% · Net margin 4.0% · Return on equity 16.2% · Return on assets (EBIT) 15.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (medium confidence).
What moves the price
The share trades about 22% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −33% fair-value upside, at −87%, BLUESTARCO screens richer than that median.
Fair Value models
Bear₹159.34Fair Value ₹197.04Bull₹280.94
Price ₹1,564 · Downside -87.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹10.82 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.8%
Start year 2021 (pandemic). Over 10 years: +13.1% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.3%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+28.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+28.1%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.28.1% vs 16.3%, picking up
Profit margin 2005 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 6%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Products & Equipment · 264 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside−87.4% · Bottom 25%
Profitability
Return on equity (12 months)16.2% · Top 25%
Return on assets6.2% · Above median
Net margin (12 months)4.0% · Above median
Operating margin (12 months)5.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)21.6% · Top 25%
Dividend yield (12 months)0.5% · Bottom 25%
Valuation Multiplesvs Building Products & Equipment median · lower = cheaper
P/E (12 months)60.2× · Priciest 25%
P/B9.37× · Priciest 25%
P/S (12 months)2.41× · Priciest 25%
EV/EBITDA36.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 20
FUTURE (revenue growth)100· sector 26
PAST (return on equity)65· sector 23
HEALTH (low debt)100· sector 95
DIVIDEND (yield)11· sector 43
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Blue Star Limited Fair Value". https://www.fairvalue-calculator.com/stock/BLUESTARCO
Frequently asked questions
Is Blue Star Limited (BLUESTARCO) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of ₹197.04 versus a price of ₹1,564, about 87% lower (overvalued).
What is the fair value of BLUESTARCO?
Our model-based fair value for Blue Star Limited is ₹197.04 (as of Nov 10, 2026), built from audited fundamentals. The current price: ₹1,564.
What is the quality score of BLUESTARCO?
Blue Star Limited has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Blue Star Limited (BLUESTARCO)?
Our model-based price target is the fair value of ₹197.04 (as of Nov 10, 2026) from 17 valuation models. Cautious scenario ₹159.34, optimistic scenario ₹280.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Blue Star Limited stock forecast for 2026?
Our models put fair value at ₹197.04, about 87% lower versus a price of ₹1,564 (overvalued). Cautious scenario ₹159.34, optimistic scenario ₹280.94. The calculation is refreshed regularly with new filings.
What is the revenue of Blue Star Limited (BLUESTARCO)?
Blue Star Limited reported trailing-twelve-month revenue of about ₹133B (latest available figure, as of Nov 10, 2026).
Does Blue Star Limited pay a dividend?
Blue Star Limited currently shows a dividend yield of 0.54% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Blue Star Limited (BLUESTARCO) and when is the ex-dividend date?
Blue Star Limited pays a dividend of ₹8.50 per share a year, a dividend yield of 0.5%. The last ex-dividend date was Jul 17, 2026. A dividend has been paid every year since at least 2003. The payout ratio is 32.7% of earnings. Our assessment: Token dividend. At a yield of 0.5% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.5% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Blue Star Limited (BLUESTARCO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Blue Star Limited it is ₹197.04 per share (as of Nov 10, 2026), against a price of ₹1,564. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Blue Star Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, BLUESTARCO trades above its calculated fair value: price ₹1,564, fair value ₹197.04, a gap of about −87% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BLUESTARCO?
No. The price is what the market pays today (₹1,564); the fair value is what the company's own numbers justify (₹197.04). For Blue Star Limited the two are ₹1,367 per share apart. That gap is exactly why we show both numbers side by side.
How much is Blue Star Limited worth?
The market values Blue Star Limited at about ₹322B (market capitalisation, as of Nov 10, 2026). Per share that is ₹1,564; our models calculate a fair value of ₹197.04 per share.
What do the bullish and bearish scenarios say about BLUESTARCO?
Our models span a range for Blue Star Limited: cautious scenario ₹159.34, base ₹197.04, optimistic ₹280.94 per share (as of Nov 10, 2026, price ₹1,564). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BLUESTARCO?
Blue Star Limited trades at a price-to-earnings ratio of 60.2 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹197.04 is built from several models across several years. Other multiples: P/B 9.4, P/S 2.4, EV/EBITDA 36.5.
How solid is the balance sheet of Blue Star Limited (BLUESTARCO)?
Balance-sheet figures for Blue Star Limited (as of Nov 10, 2026): return on equity 16.2%. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is BLUESTARCO from its 52-week high?
Blue Star Limited trades at ₹1,564, about 22% below its 52-week high of ₹2,007 and 8% above the low of ₹1,445 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of ₹197.04 is for.
Which stocks are comparable to Blue Star Limited?
From the same area (Industrials) we also value Johnson Controls International plc, Trane Technologies plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Blue Star Limited stock attractive at the current price?
The data as of Nov 10, 2026: price ₹1,564, calculated fair value ₹197.04 (−87%), Quality Score 43/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BLUESTARCO calculated?
We run Blue Star Limited through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹197.04 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. Blue Star Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Blue Star Limited (BLUESTARCO)?
The closing price on Nov 11, 2026 was ₹1,564. Our model-based fair value is ₹197.04, about 87% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Blue Star Limited right now?
The price sits above even our optimistic bull case (₹280.94). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of Blue Star Limited (BLUESTARCO) come from?
Earnings per share at Blue Star Limited grew +19.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share +12.3 %, EBIT margin −6.4 %, tax rate −1.3 %, residual (interest, one-offs) +15.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Blue Star Limited
How large is the market capitalisation of Blue Star Limited (BLUESTARCO)?
The market capitalisation of Blue Star Limited is ₹322B (≈ $3.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Blue Star Limited (BLUESTARCO)?
The price-to-sales ratio of Blue Star Limited is 2.41 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Blue Star Limited (BLUESTARCO)?
Earnings per share at Blue Star Limited are ₹25.98 (price ÷ EPS = P/E 60.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Blue Star Limited (BLUESTARCO)?
The dividend yield of Blue Star Limited is 0.5% (payout 32.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Blue Star Limited (BLUESTARCO)?
The net margin of Blue Star Limited is 4.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Blue Star Limited (BLUESTARCO)?
The return on equity (ROE) of Blue Star Limited is 16.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Blue Star Limited (BLUESTARCO)?
On an EBIT basis the return on assets of Blue Star Limited is 15.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Blue Star Limited (BLUESTARCO)?
The operating margin of Blue Star Limited is 5.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Blue Star Limited (BLUESTARCO)?
Revenue at Blue Star Limited is growing +21.6% versus a year earlier (3y avg +15.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Blue Star Limited (BLUESTARCO)?
Earnings per share at Blue Star Limited are growing +25.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Blue Star Limited (BLUESTARCO) generate?
The free cash flow of Blue Star Limited is −₹2.2B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Blue Star Limited (BLUESTARCO) carry?
The net debt of Blue Star Limited is ₹4.1B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 10, 2026