Blue Star vs Voltas: Share Price, Comparison and Key Differences

Blue Star MCap Rs 32,384 Cr, PE 63.61x, ROE 15.38%, D/E 0.24, Div 0.54%. Voltas MCap Rs 42,304 Cr, PE 114.36x (VOLTBEK impact), ROE 5.89%, D/E 0.16.

Blue Star vs Voltas is a comparison air conditioning investors look up when evaluating two of India’s leading room and commercial cooling companies. Blue Star is India’s second largest room air conditioner maker and the largest commercial air conditioning company, serving offices, hospitals, data centres, retail and industrial clients. Voltas, a Tata Group company, is India’s largest room AC brand by volume with a leading share in the consumer AC market, but its current profitability is depressed by losses in the VOLTBEK home appliances joint venture with Arcelik.

This Blue Star vs Voltas article covers reach and market position, key products, latest declared results and stock valuation. The Blue Star vs Voltas data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

Blue Star vs Voltas: Reach and Market Position

On the Blue Star side of the Blue Star vs Voltas comparison, Blue Star sells room ACs in the Rs 30,000 to Rs 80,000 range for homes and premium offices, and serves commercial clients with chillers, precision air conditioning and clean rooms. Market capitalisation is Rs 32,384 Cr.

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On the Voltas side of the Blue Star vs Voltas comparison, Voltas sells mass-market and mid-range room ACs under the Voltas and MarQ brands and has distribution through over 20,000 retail stores. Market capitalisation is Rs 42,304 Cr.

Blue Star vs Voltas: Key Products and Business Mix

In the Blue Star vs Voltas product comparison, Blue Star offers: Blue Star earns from room ACs, air handling units, VRF systems, chillers and commercial refrigeration. EPS is Rs 24.76. PE is 63.61x, ROE 15.38 percent, D/E 0.24, Div 0.54 percent.

For Voltas in this Blue Star vs Voltas breakdown: Voltas earns from room ACs (consumer market) and engineering projects (MEP). EPS is Rs 11.18. PE is 114.36x, ROE 5.89 percent, D/E 0.16. The PE of 114x is a result of the VOLTBEK JV (Voltas-Beko) losses dragging down consolidated earnings. Voltas’s standalone room AC business is profitable.

Blue Star vs Voltas: Latest Results

The Blue Star vs Voltas results for Blue Star: Blue Star has a market cap of Rs 32,384 Cr and PE of 63.61x. ROE is 15.38 percent. Blue Star’s profitable commercial cooling business provides steady income to complement the consumer room AC segment.

The Blue Star vs Voltas results for Voltas: Voltas has a market cap of Rs 42,304 Cr and PE of 114.36x. ROE is 5.89 percent – significantly depressed by VOLTBEK joint venture losses as the home appliances business scales up. Voltas’s standalone AC business ROE would be materially higher.

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Blue Star vs Voltas: Stock and Valuation

The Blue Star vs Voltas stock comparison uses the latest available market data from Groww. Investors tracking Blue Star vs Voltas should verify current prices on NSE or BSE before trading.

Blue Star vs Voltas at current valuations: Blue Star trades at Rs 32,384 Cr market cap, PE 63.61x, ROE 15.38 percent. Voltas trades at Rs 42,304 Cr market cap, PE 114.36x (VOLTBEK-impacted), ROE 5.89 percent. Blue Star has a lower PE and higher ROE. Voltas is larger by market cap and is the No. 1 room AC brand in India by volume.

Blue Star vs Voltas: Quick Comparison Table

The Blue Star vs Voltas comparison table below summarises the key metrics covered in this article side by side.

Conclusion

The Blue Star vs Voltas comparison above covers the key data points on reach, products, results and valuation. Blue Star vs Voltas covers India’s two leading room and commercial AC brands. Blue Star has deeper commercial cooling diversification and a higher ROE at current levels. Voltas is India’s room AC market leader but its earnings are currently depressed by VOLTBEK JV losses as it builds a home appliances business alongside its core AC franchise. Blue Star vs Voltas investors should review room AC market share data, commercial project order books and VOLTBEK JV progress. Blue Star vs Voltas both benefit from India’s growing AC penetration – consult a SEBI-registered advisor for personalised guidance.

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Frequently Asked Questions

What is Blue Star known for?

Ans. Blue Star is known as India’s largest commercial air conditioning company for offices, hospitals, data centres and retail – and India’s second largest room AC brand with premium positioning.

What is the VOLTBEK JV?

Ans. VOLTBEK is a joint venture between Voltas (Tata Group) and Beko (Turkish home appliance brand under Arcelik) to manufacture and sell refrigerators, washing machines and other home appliances in India. The JV has been loss-making as it builds market share.

Why is Voltas’s PE so high?

Ans. Voltas’s PE of 114x is elevated because the VOLTBEK joint venture losses have significantly reduced consolidated earnings (EPS). The underlying room AC business is profitable; VOLTBEK is masking it.

Which has a higher ROE, Blue Star or Voltas?

Ans. Blue Star has a higher ROE at 15.38 percent versus Voltas at 5.89 percent, largely because Blue Star’s commercial cooling is profitable while Voltas’s VOLTBEK JV is loss-making.

Is Voltas in Nifty 50?

Ans. Yes. Voltas is a Tata Group constituent of Nifty 50. Blue Star is not in Nifty 50.

Does India need more ACs?

Ans. India has very low room AC penetration relative to its climate – estimated at 10 to 15 percent of households – compared to 90 percent in the US and Japan. AC demand is expected to grow strongly with rising incomes and hotter summers.

Does Blue Star pay dividends?

Ans. Yes. Blue Star pays a dividend yield of approximately 0.54 percent.