Blue Star Limited
Blue Star Limited operates as a heating, ventilation, air conditioning, and commercial refrigeration (HVAC&R) company in India. 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 … Read more
Blue Star Limited (BLUESTARCO) - Net Assets
Latest net assets as of September 2025: ₹31.30 Billion INR
Based on the latest financial reports, Blue Star Limited (BLUESTARCO) has net assets worth ₹31.30 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹79.01 Billion) and total liabilities (₹47.71 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹31.30 Billion |
| % of Total Assets | 39.62% |
| Annual Growth Rate | 16.35% |
| 5-Year Change | 245.51% |
| 10-Year Change | 362.2% |
| Growth Volatility | 23.97 |
Blue Star Limited - Net Assets Trend (2005–2025)
This chart illustrates how Blue Star Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Blue Star Limited (2005–2025)
The table below shows the annual net assets of Blue Star Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹30.68 Billion | +17.42% |
| 2024-03-31 | ₹26.13 Billion | +95.87% |
| 2023-03-31 | ₹13.34 Billion | +30.70% |
| 2022-03-31 | ₹10.21 Billion | +14.94% |
| 2021-03-31 | ₹8.88 Billion | +13.15% |
| 2020-03-31 | ₹7.85 Billion | -10.31% |
| 2019-03-31 | ₹8.75 Billion | +5.05% |
| 2018-03-31 | ₹8.33 Billion | +9.82% |
| 2017-03-31 | ₹7.58 Billion | +14.26% |
| 2016-03-31 | ₹6.64 Billion | +45.68% |
| 2015-03-31 | ₹4.56 Billion | -4.80% |
| 2014-03-31 | ₹4.79 Billion | +19.43% |
| 2013-03-31 | ₹4.01 Billion | +1.35% |
| 2012-03-31 | ₹3.95 Billion | -22.67% |
| 2011-03-31 | ₹5.11 Billion | +3.98% |
| 2010-03-31 | ₹4.92 Billion | +33.92% |
| 2009-03-31 | ₹3.67 Billion | +39.30% |
| 2008-03-31 | ₹2.64 Billion | +23.75% |
| 2007-03-31 | ₹2.13 Billion | +23.31% |
| 2006-03-31 | ₹1.73 Billion | +16.37% |
| 2005-03-31 | ₹1.48 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blue Star Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1630390000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹16.30 Billion | 53.19% |
| Common Stock | ₹411.20 Million | 1.34% |
| Other Comprehensive Income | ₹2.22 Billion | 7.24% |
| Other Components | ₹11.72 Billion | 38.23% |
| Total Equity | ₹30.65 Billion | 100.00% |
Blue Star Limited Competitors by Market Cap
The table below lists competitors of Blue Star Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Acadia Realty Trust
NYSE:AKR
|
$2.69 Billion |
|
Remitly Global Inc
NASDAQ:RELY
|
$2.69 Billion |
|
Ventia Services Group Ltd
AU:VNT
|
$2.69 Billion |
|
DiGi.Com Bhd
KLSE:6947
|
$2.69 Billion |
|
Mercury NZ Limited
PINK:MGHTF
|
$2.69 Billion |
|
Infrastrutture Wireless Italiane S.p.A
PINK:IFSUF
|
$2.68 Billion |
|
Jumbo S.A.
AT:BELA
|
$2.68 Billion |
|
Weihai Guangwei Composites Co Ltd
SHE:300699
|
$2.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blue Star Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 26,100,900,000 to 30,650,200,000, a change of 4,549,300,000 (17.4%).
- Net income of 5,912,400,000 contributed positively to equity growth.
- Dividend payments of 1,439,200,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,587,400,000.
- Other factors decreased equity by 1,511,300,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹5.91 Billion | +19.29% |
| Dividends Paid | ₹1.44 Billion | -4.7% |
| Other Comprehensive Income | ₹1.59 Billion | +5.18% |
| Other Changes | ₹-1.51 Billion | -4.93% |
| Total Change | ₹- | 17.43% |
Book Value vs Market Value Analysis
This analysis compares Blue Star Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 11.81x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 220.00x to 11.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹8.25 | ₹1815.30 | x |
| 2006-03-31 | ₹9.60 | ₹1815.30 | x |
| 2007-03-31 | ₹11.84 | ₹1815.30 | x |
| 2008-03-31 | ₹14.65 | ₹1815.30 | x |
| 2009-03-31 | ₹20.41 | ₹1815.30 | x |
| 2010-03-31 | ₹27.33 | ₹1815.30 | x |
| 2011-03-31 | ₹28.42 | ₹1815.30 | x |
| 2012-03-31 | ₹21.98 | ₹1815.30 | x |
| 2013-03-31 | ₹22.28 | ₹1815.30 | x |
| 2014-03-31 | ₹26.60 | ₹1815.30 | x |
| 2015-03-31 | ₹25.27 | ₹1815.30 | x |
| 2016-03-31 | ₹34.68 | ₹1815.30 | x |
| 2017-03-31 | ₹39.48 | ₹1815.30 | x |
| 2018-03-31 | ₹43.25 | ₹1815.30 | x |
| 2019-03-31 | ₹45.38 | ₹1815.30 | x |
| 2020-03-31 | ₹40.62 | ₹1815.30 | x |
| 2021-03-31 | ₹45.96 | ₹1815.30 | x |
| 2022-03-31 | ₹52.83 | ₹1815.30 | x |
| 2023-03-31 | ₹69.08 | ₹1815.30 | x |
| 2024-03-31 | ₹130.87 | ₹1815.30 | x |
| 2025-03-31 | ₹153.68 | ₹1815.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blue Star Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.29%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.94%
- • Asset Turnover: 1.45x
- • Equity Multiplier: 2.69x
- Recent ROE (19.29%) is above the historical average (19.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 26.38% | 4.34% | 1.98x | 3.07x | ₹243.16 Million |
| 2006 | 28.32% | 4.24% | 1.96x | 3.41x | ₹316.33 Million |
| 2007 | 33.42% | 4.53% | 2.09x | 3.54x | ₹498.84 Million |
| 2008 | 66.06% | 7.93% | 1.86x | 4.47x | ₹1.48 Billion |
| 2009 | 49.11% | 7.15% | 1.85x | 3.72x | ₹1.44 Billion |
| 2010 | -24.79% | -2029.88% | 0.00x | 3.25x | ₹-1.71 Billion |
| 2011 | 30.97% | 5.36% | 1.34x | 4.32x | ₹1.07 Billion |
| 2012 | -26.59% | -3.73% | 1.35x | 5.27x | ₹-1.45 Billion |
| 2013 | 9.52% | 1.30% | 1.35x | 5.39x | ₹-19.32 Million |
| 2014 | 16.20% | 2.64% | 1.26x | 4.85x | ₹296.89 Million |
| 2015 | 11.89% | 1.70% | 1.46x | 4.77x | ₹86.24 Million |
| 2016 | 16.35% | 2.98% | 1.40x | 3.91x | ₹421.09 Million |
| 2017 | 16.25% | 2.81% | 1.66x | 3.50x | ₹473.35 Million |
| 2018 | 17.95% | 3.22% | 1.46x | 3.83x | ₹661.22 Million |
| 2019 | 21.77% | 3.63% | 1.56x | 3.84x | ₹1.03 Billion |
| 2020 | 18.31% | 2.67% | 1.56x | 4.40x | ₹650.13 Million |
| 2021 | 11.34% | 2.35% | 1.20x | 4.01x | ₹118.32 Million |
| 2022 | 16.48% | 2.77% | 1.41x | 4.24x | ₹659.52 Million |
| 2023 | 30.10% | 5.02% | 1.48x | 4.06x | ₹2.67 Billion |
| 2024 | 15.90% | 4.28% | 1.46x | 2.54x | ₹1.54 Billion |
| 2025 | 19.29% | 4.94% | 1.45x | 2.69x | ₹2.85 Billion |
Industry Comparison
This section compares Blue Star Limited's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $1,756,811,859
- Average return on equity (ROE) among peers: 20.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blue Star Limited (BLUESTARCO) | ₹31.30 Billion | 26.38% | 1.52x | $2.69 Billion |
| Ahlada Engineers Limited (AHLADA) | $194.68 Million | 13.60% | 2.13x | $3.04 Million |
| Apollo Pipes Limited (APOLLOPIPE) | $82.31 Million | 22.41% | 0.08x | $103.29 Million |
| Aro Granite Industries Limited (AROGRANITE) | $1.13 Billion | 7.80% | 0.96x | $1.76 Million |
| Asian Granito India Limited (ASIANTILES) | $719.25 Million | 32.05% | 1.43x | $84.16 Million |
| Astral Limited (ASTRAL) | $23.86 Million | 47.46% | 4.63x | $2.29 Billion |
| Beardsell Limited (BEARDSELL) | $587.67 Million | 14.45% | 1.51x | $3.38 Million |
| Bigbloc Construction Limited (BIGBLOC) | $298.61 Million | 8.23% | 2.56x | $18.79 Million |
| BirlaNu Limited (BIRLANU) | $11.66 Billion | 18.04% | 0.91x | $138.44K |
| Cera Sanitaryware Limited (CERA) | $1.12 Billion | 23.79% | 1.14x | $219.27 Million |