Blue Star Limited Share Price Target 2024, 2025 to 2030

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Blue Star Limited is a premier HVAC&R company in India, generating an annual revenue of over ₹7977 crores (approximately $972 million). The company boasts a comprehensive network of 30 offices, seven state-of-the-art manufacturing facilities, and a workforce of 3132 employees, supported by 4040 channel partners. Blue Star’s extensive product range includes air conditioning and commercial refrigeration solutions, as well as air purifiers, water purifiers, air coolers, cold storage units, and specialty products. Catering to both residential and commercial sectors, the company provides precision inverter, split, and window ACs for homes, alongside VRFs and ducted systems for larger commercial buildings. Its commercial refrigeration offerings encompass water coolers, bottled water dispensers, deep freezers, modular cold rooms, ripening chambers, medical and retail refrigeration equipment, and mortuary chambers.

In recent years, Blue Star has enhanced its portfolio with advanced water purifiers, air purifiers, and air coolers. Notably, their innovative products include ACs with built-in air purifiers and Wi-Fi-enabled 5-star inverter split ACs that can be operated via voice commands. Blue Star’s integrated business model, which combines manufacturing, contracting, and after-sales service, allows it to provide comprehensive solutions and maintain a leadership position as an HVAC&R service provider. The subsidiary, Blue Star Engineering & Electronics Ltd, specializes in delivering advanced technology products and turnkey engineering services. With manufacturing facilities located in Dadra, Himachal Pradesh, Wada, and Ahmedabad, Blue Star emphasizes energy efficiency and sustainability, reinforcing its status as an industry leader.

History of Blue Star Limited

Founded in 1943 by Mohan T. Advani, Blue Star Limited began as a reconditioning company. Shortly after, it expanded its operations to manufacture ice candy machines and bottle coolers and started designing and executing central air conditioning projects, along with producing water coolers. The company diversified its product lines and began exporting to Dubai, and in 1969, it went public with an initial public offering on the Bombay Stock Exchange. In the late 2000s, Blue Star entered the electrical, plumbing, and fire-fighting contracting businesses, providing integrated mechanical, electrical, and plumbing (MEP) solutions. Later, it ventured into the residential air conditioning market, and the water and air purification segments. More recently, Blue Star expanded into the engineering facility management (EFM) space, further enhancing its comprehensive service offerings and solidifying its leadership in the HVAC&R industry.

Shareholding Patterns of Blue Star Ltd

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters +	38.79%	38.91%	36.49%	36.50%	36.50%
FIIs +	10.45%	11.06%	14.89%	15.38%	15.93%
DIIs +	25.13%	24.51%	25.24%	24.82%	24.69%
Public +	25.65%	25.54%	23.39%	23.29%	22.89%
No. of Shareholders	56,940	58,546	59,444	65,465	72,949

Between March 2023 and March 2024, the shareholding pattern of Blue Star Limited experienced notable shifts. The promoters’ ownership slightly declined from 38.79% in March 2023 to 36.50% by March 2024. Foreign Institutional Investors (FIIs) significantly boosted their stake, rising from 10.45% to 15.93% over the same period. Domestic Institutional Investors (DIIs) showed minor variations, starting at 25.13% and ending at 24.69%. Public shareholding decreased from 25.65% in March 2023 to 22.89% in March 2024. The number of shareholders increased steadily, from 56,940 in March 2023 to 72,949 in March 2024, reflecting growing investor interest in the company.

How to Purchase Blue Star Limited Shares in India?

Below are the trading platforms that you can use to purchase Blue Star Limited shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Blue Star Limited Share Price Prediction: 2024 - 2030

Blue Star Limited Share Price Prediction 2024

When	Maximum Price	Minimum Price
July 2024	1,716.70	1,492.79
August 2024	1,785.37	1,552.50
September 2024	1,856.79	1,614.60
October 2024	1,820.38	1,582.94
November 2024	1,893.19	1,646.26
December 2024	1,912.13	1,662.72

In 2024, Blue Star Ltd’s share prices are projected to experience an upward trend throughout the year. In July, the maximum price is expected to reach ₹1,716.70, with a minimum of ₹1,492.79. By December, the maximum price is anticipated to rise to ₹1,912.13, with a minimum of ₹1,662.72.

Blue Star Limited Share Price Target 2025

When	Maximum Price	Minimum Price
January 2025	1,931.25	1,485.58
February 2025	1,950.76	1,500.58
March 2025	1,991.72	1,532.09
April 2025	1,972.00	1,516.92
May 2025	1,914.56	1,472.74
June 2025	2,000.72	1,539.02
July 2025	1,961.49	1,508.84
August 2025	2,022.15	1,555.50
September 2025	2,046.42	1,574.17
October 2025	2,099.63	1,615.10
November 2025	2,152.12	1,655.48
December 2025	2,248.96	1,729.97

As we step into 2025, Blue Star Ltd’s share prices are projected to display significant growth throughout the year. In January, the maximum price is expected to reach ₹1,931.25, with a minimum of ₹1,485.58. By December, these prices are anticipated to climb further, with the maximum projected at ₹2,248.96 and the minimum at ₹1,729.97. This forecast suggests a positive and robust growth trajectory for Blue Star Ltd’s shares in 2025.

Blue Star Limited Share Price Prediction 2026

When	Maximum Price	Minimum Price
January 2026	2,316.43	1,781.87
February 2026	2,258.52	1,737.32
March 2026	2,303.69	1,772.07
April 2026	2,350.71	1,808.24
May 2026	2,327.43	1,790.33
June 2026	2,385.62	1,835.09
July 2026	2,338.84	1,799.11
August 2026	2,411.18	1,854.75
September 2026	2,459.40	1,891.85
October 2026	2,523.34	1,941.03
November 2026	2,586.43	1,989.56
December 2026	2,651.09	2,039.30

Blue Star Limited Share Price Prediction 2027

When	Maximum Price	Minimum Price
January 2027	2,677.60	2,059.69
February 2027	2,746.26	2,112.50
March 2027	2,853.36	2,194.89
April 2027	2,797.41	2,151.85
May 2027	2,715.93	2,089.18
June 2027	2,838.15	2,183.19
July 2027	2,782.50	2,140.38
August 2027	2,868.56	2,206.58
September 2027	2,968.96	2,283.81
October 2027	3,046.15	2,343.19
November 2027	3,122.30	2,401.77
December 2027	3,200.36	2,461.82

Blue Star Limited Share Price Target 2028

When	Maximum Price	Minimum Price
January 2028	3,264.37	2,511.05
February 2028	3,348.07	2,575.44
March 2028	3,478.64	2,675.88
April 2028	3,410.44	2,623.41
May 2028	3,311.10	2,547.00
June 2028	3,460.10	2,661.62
July 2028	3,392.26	2,609.43
August 2028	3,497.17	2,690.13
September 2028	3,619.57	2,784.29
October 2028	3,713.68	2,856.68
November 2028	3,806.52	2,928.10
December 2028	3,901.69	3,001.30

Blue Star Limited Share Price Prediction 2029

When	Maximum Price	Minimum Price
January 2029	3,979.72	3,061.32
February 2029	4,081.76	3,139.82
March 2029	4,240.95	3,262.27
April 2029	4,157.80	3,198.31
May 2029	4,036.70	3,105.15
June 2029	4,218.35	3,244.88
July 2029	4,135.64	3,181.26
August 2029	4,263.54	3,279.65
September 2029	4,412.77	3,394.44
October 2029	4,527.50	3,482.69
November 2029	4,640.69	3,569.76
December 2029	4,756.70	3,659.00

Blue Star Limited Share Price Target 2030

When	Maximum Price	Minimum Price
January 2030	4,851.84	3,732.18
February 2030	4,976.24	3,827.88
March 2030	5,170.32	3,977.17
April 2030	5,068.94	3,899.18
May 2030	4,921.30	3,785.61
June 2030	5,142.76	3,955.97
July 2030	5,041.92	3,878.40
August 2030	5,197.85	3,998.35
September 2030	5,379.78	4,138.29
October 2030	5,519.65	4,245.89
November 2030	5,657.64	4,352.03
December 2030	5,799.09	4,460.83

As we step into 2030, Blue Star Ltd’s share prices are projected to exhibit substantial growth throughout the year. In January, the maximum price is expected to reach ₹4,851.84, with a minimum of ₹3,732.18. By December, these prices are anticipated to rise even further, with the maximum projected at ₹5,799.09 and the minimum at ₹4,460.83.

Financial Condition of Blue Star Ltd: Last 5 Years

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	5,360	4,264	6,064	7,977	9,685
Expenses +	5,077	4,024	5,717	7,478	9,020
Operating Profit	283	240	347	500	665
OPM %	5%	6%	6%	6%	7%
Other Income +	40	65	36	195	48
Interest	29	65	46	55	58
Depreciation	88	92	86	85	98
Profit before tax	206	148	251	555	557
Tax %	32%	32%	33%	28%	26%
Net Profit +	144	101	168	401	414
EPS in Rs	7.44	5.21	8.71	20.79	20.18
Dividend Payout %	67%	38%	57%	29%	35%

Based on the financial data from March 2020 to March 2024, Blue Star Ltd has exhibited steady growth across key metrics. Sales increased from ₹5,360 crore in March 2020 to ₹9,685 crore in March 2024, reflecting robust revenue growth. Concurrently, expenses rose to ₹9,020 crore in March 2024 from ₹5,077 crore in March 2020, aligning with higher sales figures. The company’s operating profit improved consistently, growing from ₹283 crore to ₹665 crore, with the Operating Profit Margin (OPM) rising from 5% to 7%. Despite fluctuations, other income positively contributed to profitability, ranging from ₹36 crore to ₹195 crore. Interest expenses and depreciation remained stable, indicating prudent financial management. Profit before tax increased significantly from ₹206 crore to ₹557 crore, showing enhanced operational efficiency and profitability. Net profit rose from ₹144 crore to ₹414 crore during the same period. Earnings Per Share (EPS) saw substantial growth, increasing from ₹7.44 to ₹20.18, driven by higher profitability and a stable tax rate. The dividend payout percentage varied but generally maintained a reasonable range, balancing rewarding shareholders and reinvestment for growth. Overall, Blue Star Ltd’s financial performance demonstrates consistent revenue growth, improved profitability metrics, and a prudent financial strategy aimed at enhancing shareholder value and sustaining long-term growth.

FAQS

What is the current share price of Blue Star Limited?

As of July 16th, 2024, the current share price of Blue Star Limited is ₹1,705.

What is the share target price for Blue Star Limited by 2025?

According to our analysis, Blue Star Limited could reach a maximum of ₹2,248.96 by the end of 2025.

What is Blue Star Limited share price target for 2030?

The share price target for Blue Star Limited in 2030 is projected to range between ₹3,732.18 and ₹5,799.09.

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Conclusion

In conclusion, Blue Star Ltd has exhibited robust financial performance over the years, marked by consistent revenue growth, strong profitability metrics, and sound financial management practices. The company’s sales have risen steadily from ₹5,360 crore in March 2020 to ₹9,685 crore in March 2024, reflecting its successful market expansion. The improvement in operating profit margins from 5% to 7% indicates enhanced operational efficiency. Additionally, net profit has seen a substantial increase from ₹144 crore to ₹414 crore, further highlighting the company’s strong growth trajectory.

Having said that, we are not a financial advisor. Please consult a SEBI-registered financial advisor before trading Blue Star Ltd. This post on Blue Star Ltd shares price target from 2024 to 2030 is for educational purposes only.

Ashnoor Khurana