Voltas vs Blue Star: share price, P/E, ROE and financials compared
Voltas and Blue Star at a glance
Voltas and Blue Star are both listed in Consumer Durables. Voltas is the larger by market cap, at ₹36,364 Cr against ₹32,381 Cr for Blue Star. On valuation, Voltas has the lower price-to-book (5.70× against 9.28×), while Blue Star has the lower P/E (60.6× against 81.0×). On returns and margins, Blue Star has the higher ROCE (20.7% against 9.3%), the higher ROE (16.2% against 5.8%) and the higher operating margin (6.9% against 4.9%). Over three years, Voltas has faster 3-year profit growth (+40.7% against +9.6% a year), while Blue Star has faster 3-year sales growth (+15.7% against +14.5% a year). Voltas carries less debt for its equity, with a debt-to-equity of 0.16× against 0.22×.
Key metrics, side by side
| Metric | VoltasVOLTAS | Blue StarBLUESTARCO |
|---|---|---|
| Price (₹) | 1,099.00 | 1,575.00 |
| Market cap (₹ Cr) | 36,364 | 32,381 |
| P/E | 81.0× | 60.6× (the lower figure, shaded) |
| P/B | 5.70× (the lower figure, shaded) | 9.28× |
| Dividend yield, trailing | 0.36% | 0.54% (the higher figure, shaded) |
| ROE | 5.8% | 16.2% (the higher figure, shaded) |
| ROCE | 9.3% | 20.7% (the higher figure, shaded) |
| Operating margin (OPM) | 4.9% | 6.9% (the higher figure, shaded) |
| Net margin (NPM) | 3.0% | 4.0% (the higher figure, shaded) |
| Sales CAGR 3Y | +14.5% | +15.7% (the higher figure, shaded) |
| Profit CAGR 3Y | +40.7% (the higher figure, shaded) | +9.6% |
| Debt to equity | 0.16× (the lower figure, shaded) | 0.22× |
| Interest cover | 7.4× | 12.1× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 449 | 534 |
| 1Y return | −17.9% | −18.0% |
| Promoter holding | 30.30% | 36.50% |
Voltas vs Blue Star: common questions
Which is bigger, Voltas or Blue Star?
By market cap, Voltas is bigger at ₹36,364 Cr, against ₹32,381 Cr for Blue Star (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹449 Cr for Voltas and ₹534 Cr for Blue Star.
Which has a lower P/E ratio, Voltas or Blue Star?
Voltas trades at a P/E of 81.0× and Blue Star at 60.6×. Blue Star has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Voltas or Blue Star?
Voltas reports a return on equity of 5.8% and Blue Star 16.2%. Blue Star has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Voltas or Blue Star?
Over the last three years: Sales grew +14.5% a year at Voltas and +15.7% at Blue Star, so Blue Star grew sales faster; profit grew +40.7% a year at Voltas and +9.6% at Blue Star, so Voltas grew profit faster. Past growth doesn’t predict future growth.