Blue Star BLUESTARCO
Real Estate: Central air-conditioning, MEP projects for offices, malls, hospitals and data centres, plus room ACs
Mapped in 4 themes: Semiconductors (Fab + ATMP), Data Center / AI Infrastructure, Real Estate and Semicon 2.0 + Mobile Phones (MPMS).
Where Blue Star sits in the supply chain
Blue Star appears in 4 supply-chain layers across 4 themes: Semiconductors (Fab + ATMP), Data Center / AI Infrastructure, Real Estate and Semicon 2.0 + Mobile Phones (MPMS).
Semiconductors (Fab + ATMP) › Cleanroom, Utilities & Ultra-Pure Water
Direct supplierPrecision cleanroom air-conditioning and HVAC for fabs and ATMP plants
Other companies in this layer
Data Center / AI Infrastructure › Cooling: CRAC, Chillers & Towers
Direct supplierPrecision air conditioning and cooling for data-centre halls
Other companies in this layer
Real Estate › HVAC & lifts
Direct supplierCentral air-conditioning, MEP projects for offices, malls, hospitals and data centres, plus room ACs
Other companies in this layer
Semicon 2.0 + Mobile Phones (MPMS) › Plant build & utilities
Indirect supplierAir-conditioning and cleanroom HVAC contractor
Other companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 9,685 | 11,968 | 12,402 |
| Net profit | 414 | 591 | 527 |
Latest-year revenue ₹12,402 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths · in Real Estate
- Leader in commercial HVAC and MEP for Grade A offices
- Growing room-AC share
Risks · in Real Estate
- MEP contracts can carry cost overruns
- A cool summer hurts room-AC sales
Common questions
What does Blue Star do?
In Real Estate: Central air-conditioning, MEP projects for offices, malls, hospitals and data centres, plus room ACs. NextResearch maps it in 4 supply chains: Real Estate, Semiconductors (Fab + ATMP), Data Center / AI Infrastructure and Semicon 2.0 + Mobile Phones (MPMS).
Where does Blue Star sit in the supply chain?
Blue Star (NSE: BLUESTARCO) is mapped in 4 supply-chain layers: Cleanroom, Utilities & Ultra-Pure Water (Semiconductors (Fab + ATMP)); Cooling: CRAC, Chillers & Towers (Data Center / AI Infrastructure); HVAC & lifts (Real Estate); and Plant build & utilities (Semicon 2.0 + Mobile Phones (MPMS)).
Who are Blue Star's peers?
In the HVAC & lifts layer of Real Estate: Voltas, Bosch Home Comfort India, Kone Elevator India (not NSE-listed) and Otis Elevator Company (India) (not NSE-listed).
What is Blue Star's market cap and valuation?
As of 30 Oct 2026: market cap ₹33,532 Cr, P/E 62.6x, ROCE 21.2%, ROE 17.2%, dividend yield 0.52%.