Voltas Limited vs Blue Star Limited
An objective side-by-side of VOLTAS and BLUESTARCO, both in Air-conditioners: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: VOLTAS Jun 2026 · BLUESTARCO Jun 2026
At a glance
- Voltas Limited is the larger company by market value, about 1.2 times the size of Blue Star Limited.
- On trailing earnings, Blue Star Limited trades at the lower P/E (72.6 against 85.5).
- Blue Star Limited earns the higher return on equity (12.9% against 6.9%).
- Over three years Blue Star Limited has grown profits faster (27% a year against 17%).
- Over the past year the share prices returned -19.3% (VOLTAS) and -17.2% (BLUESTARCO).
| Metric | Voltas VOLTAS |
Blue Star BLUESTARCO |
|---|---|---|
| Size and price | ||
| Market cap | ₹37,790 Cr | ₹32,175 Cr |
| Share price | ₹1,142 | ₹1,565 |
| Valuation | ||
| P/E | 85.54 | 72.61 |
| P/B | 5.93 | 9.38 |
| EV/EBITDA | 61.61 | 36.53 |
| PEG | 5.03 | 2.69 |
| Dividend yield | 0.3% | 0.6% |
| Profitability | ||
| ROE | 6.9% | 12.9% |
| ROCE | 9.0% | 21.0% |
| Operating margin | 4.2% | 7.2% |
| Sales (TTM) | ₹14,936 Cr | ₹12,520 Cr |
| Net profit (TTM) | ₹442 Cr | ₹443 Cr |
| Growth | ||
| Latest quarter sales YoY | +19.1% | +13.3% |
| Latest quarter profit YoY | +50.9% | -15.3% |
| Sales CAGR 3Y | +14.0% | +16.0% |
| Profit CAGR 3Y | +17.0% | +27.0% |
| Sales CAGR 5Y | +14.0% | +24.0% |
| Profit CAGR 5Y | -6.0% | +49.0% |
| Financial strength | ||
| Debt/Equity | 0.16 | 0.24 |
| Interest cover | 4.98 | 10.40 |
| Ownership | ||
| Promoter holding | 30.3% | 36.5% |
| Promoter change (4 qtrs) | +0.00 pp | +0.02 pp |
| Price performance | ||
| Return 1M | -6.35% | +3.64% |
| Return 3M | -15.65% | -5.99% |
| Return 1Y | -19.33% | -17.16% |
| Return YTD | -16.10% | -9.57% |
| Technical condition | ||
| Technical score | 16 | 54 |
| RS rating (1-99) | 19.00 | 32.00 |
| % vs 200-DMA | -14.90% | -8.36% |
| RSI (14) | 38.96 | 55.80 |
| % from 52-week high | -27.83% | -23.02% |
