Blue Star Limited (BLUESTARCO) - Net Assets

Latest as of March 2026: Rs34.44 Billion INR ≈ $372.51 Million USD

Based on the latest financial reports, Blue Star Limited (BLUESTARCO) has net assets worth Rs34.44 Billion INR (≈ $372.51 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs85.76 Billion ≈ $927.46 Million USD) and total liabilities (Rs51.31 Billion ≈ $554.95 Million USD). 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. Check Blue Star Limited tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs34.44 Billion
% of Total Assets	40.16%
Annual Growth Rate	16.15%
5-Year Change	237.52%
10-Year Change	354.2%
Growth Volatility	23.43

Blue Star Limited - Net Assets Trend (2005–2026)

This chart illustrates how Blue Star Limited's net assets have evolved over time, based on quarterly financial data. See how many days can Blue Star Limited fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Blue Star Limited (2005–2026)

The table below shows the annual net assets of Blue Star Limited from 2005 to 2026. For live valuation and market cap data, see Blue Star Limited (BLUESTARCO) market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs34.44 Billion ≈ $372.51 Million	+12.29%
2025-03-31	Rs30.68 Billion ≈ $331.75 Million	+17.42%
2024-03-31	Rs26.13 Billion ≈ $282.55 Million	+95.87%
2023-03-31	Rs13.34 Billion ≈ $144.25 Million	+30.70%
2022-03-31	Rs10.21 Billion ≈ $110.37 Million	+14.94%
2021-03-31	Rs8.88 Billion ≈ $96.02 Million	+13.15%
2020-03-31	Rs7.85 Billion ≈ $84.86 Million	-10.31%
2019-03-31	Rs8.75 Billion ≈ $94.62 Million	+5.05%
2018-03-31	Rs8.33 Billion ≈ $90.07 Million	+9.82%
2017-03-31	Rs7.58 Billion ≈ $82.01 Million	+14.26%
2016-03-31	Rs6.64 Billion ≈ $71.78 Million	+45.68%
2015-03-31	Rs4.56 Billion ≈ $49.27 Million	-4.80%
2014-03-31	Rs4.79 Billion ≈ $51.75 Million	+19.43%
2013-03-31	Rs4.01 Billion ≈ $43.33 Million	+1.35%
2012-03-31	Rs3.95 Billion ≈ $42.75 Million	-22.67%
2011-03-31	Rs5.11 Billion ≈ $55.29 Million	+3.98%
2010-03-31	Rs4.92 Billion ≈ $53.17 Million	+33.92%
2009-03-31	Rs3.67 Billion ≈ $39.70 Million	+39.30%
2008-03-31	Rs2.64 Billion ≈ $28.50 Million	+23.75%
2007-03-31	Rs2.13 Billion ≈ $23.03 Million	+23.31%
2006-03-31	Rs1.73 Billion ≈ $18.68 Million	+16.37%
2005-03-31	Rs1.48 Billion ≈ $16.05 Million	--

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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs411.20 Million	1.20%
Other Components	Rs33.90 Billion	98.80%
Total Equity	Rs34.31 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
Beijing Tiantan Biological Products Corp Ltd SHG:600161	$3.61 Billion
Ningbo Zhenyu Technology Co. Ltd. SHE:300953	$3.61 Billion
Wuchan Zhongda Group Co Ltd SHG:600704	$3.61 Billion
Juneyao Airlines SHG:603885	$3.61 Billion
Hong Ri Da Technology Co. Ltd. A SHE:301285	$3.60 Billion
ShenZhen Special Economic Zone Real Estate & Properties Group Co Ltd SHE:000029	$3.60 Billion
China First Heavy Industries SHG:601106	$3.60 Billion
Asbury Automotive Group Inc NYSE:ABG	$3.60 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 2025 to 2026, total equity changed from 30,650,200,000 to 34,314,100,000, a change of 3,663,900,000 (12.0%).
Net income of 5,276,800,000 contributed positively to equity growth.
Dividend payments of 1,847,600,000 reduced retained earnings.
Other comprehensive income decreased equity by 2,218,000,000.
Other factors increased equity by 2,452,700,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs5.28 Billion	+15.38%
Dividends Paid	Rs1.85 Billion	-5.38%
Other Comprehensive Income	Rs-2.22 Billion	-6.46%
Other Changes	Rs2.45 Billion	+7.15%
Total Change	Rs-	11.95%

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: 9.72x
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 196.50x to 9.72x 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	Rs8.25	Rs1621.40	x
2006-03-31	Rs9.60	Rs1621.40	x
2007-03-31	Rs11.84	Rs1621.40	x
2008-03-31	Rs14.65	Rs1621.40	x
2009-03-31	Rs20.41	Rs1621.40	x
2010-03-31	Rs27.33	Rs1621.40	x
2011-03-31	Rs28.42	Rs1621.40	x
2012-03-31	Rs21.98	Rs1621.40	x
2013-03-31	Rs22.28	Rs1621.40	x
2014-03-31	Rs26.60	Rs1621.40	x
2015-03-31	Rs25.27	Rs1621.40	x
2016-03-31	Rs34.68	Rs1621.40	x
2017-03-31	Rs39.48	Rs1621.40	x
2018-03-31	Rs43.25	Rs1621.40	x
2019-03-31	Rs45.38	Rs1621.40	x
2020-03-31	Rs40.62	Rs1621.40	x
2021-03-31	Rs45.96	Rs1621.40	x
2022-03-31	Rs52.83	Rs1621.40	x
2023-03-31	Rs69.08	Rs1621.40	x
2024-03-31	Rs130.87	Rs1621.40	x
2025-03-31	Rs153.68	Rs1621.40	x
2026-03-31	Rs166.80	Rs1621.40	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): 15.38%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.25%
• Asset Turnover: 1.45x
• Equity Multiplier: 2.50x
Recent ROE (15.38%) is below the historical average (19.07%), suggesting potential challenges in 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	Rs243.16 Million
2006	28.32%	4.24%	1.96x	3.41x	Rs316.33 Million
2007	33.42%	4.53%	2.09x	3.54x	Rs498.84 Million
2008	66.06%	7.93%	1.86x	4.47x	Rs1.48 Billion
2009	49.11%	7.15%	1.85x	3.72x	Rs1.44 Billion
2010	-24.79%	-2029.88%	0.00x	3.25x	Rs-1.71 Billion
2011	30.97%	5.36%	1.34x	4.32x	Rs1.07 Billion
2012	-26.59%	-3.73%	1.35x	5.27x	Rs-1.45 Billion
2013	9.52%	1.30%	1.35x	5.39x	Rs-19.32 Million
2014	16.20%	2.64%	1.26x	4.85x	Rs296.89 Million
2015	11.89%	1.70%	1.46x	4.77x	Rs86.24 Million
2016	16.35%	2.98%	1.40x	3.91x	Rs421.09 Million
2017	16.25%	2.81%	1.66x	3.50x	Rs473.35 Million
2018	17.95%	3.22%	1.46x	3.83x	Rs661.22 Million
2019	21.77%	3.63%	1.56x	3.84x	Rs1.03 Billion
2020	18.31%	2.67%	1.56x	4.40x	Rs650.13 Million
2021	11.34%	2.35%	1.20x	4.01x	Rs118.32 Million
2022	16.48%	2.77%	1.41x	4.24x	Rs659.52 Million
2023	30.10%	5.02%	1.48x	4.06x	Rs2.67 Billion
2024	15.90%	4.28%	1.46x	2.54x	Rs1.54 Billion
2025	19.29%	4.94%	1.45x	2.69x	Rs2.85 Billion
2026	15.38%	4.25%	1.45x	2.50x	Rs1.85 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: $3,822,932,522
Average return on equity (ROE) among peers: 6.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Blue Star Limited (BLUESTARCO)	Rs34.44 Billion	26.38%	1.49x	$3.61 Billion
Ahlada Engineers Limited (AHLADA)	$1.26 Billion	4.05%	0.57x	$5.74 Million
Apollo Pipes Limited (APOLLOPIPE)	$46.91 Million	-0.38%	0.09x	$236.79 Million
Aro Granite Industries Limited (AROGRANITE)	$1.05 Billion	9.05%	0.76x	$4.16 Million
Beardsell Limited (BEARDSELL)	$403.41 Million	-1.86%	2.17x	$12.36 Million
Bigbloc Construction Limited (BIGBLOC)	$319.77 Million	7.72%	2.56x	$77.26 Million
Cera Sanitaryware Limited (CERA)	$4.37 Billion	19.08%	0.84x	$865.60 Million
Electrosteel Castings Limited (ELECTCAST)	$22.12 Billion	-0.72%	1.47x	$516.65 Million
Everest Industries Limited (EVERESTIND)	$3.47 Billion	9.91%	1.69x	$58.90 Million
Exxaro Tiles Limited (EXXARO)	$1.36 Billion	11.19%	1.71x	$32.81 Million

About Blue Star Limited

NSE:BLUESTARCO India Building Products & Equipment

Market Cap

$3.61 Billion

Rs333.35 Billion INR

Market Cap Rank

#4480 Global

#188 in India

Share Price

Rs1621.40

Change (1 day)

+0.63%

52-Week Range

Rs1528.30 - Rs2016.70

All Time High

Rs2337.55