{"id":19153,"date":"2025-06-20T09:32:02","date_gmt":"2025-06-20T09:32:02","guid":{"rendered":"https:\/\/wp-api.pocketful.in\/blog\/?p=19153"},"modified":"2026-01-12T05:59:35","modified_gmt":"2026-01-12T05:59:35","slug":"voltas-vs-blue-star","status":"publish","type":"post","link":"https:\/\/wp-api.pocketful.in\/blog\/voltas-vs-blue-star\/","title":{"rendered":"Voltas vs Blue Star: Which is Better?"},"content":{"rendered":"\n<p>With the increasing temperature during the summer season, everyone seems to be rushing to purchase a new air conditioner. While global warming is a serious concern, this growing demand for air conditioners also presents an opportunity for innovation and growth within the air conditioning industry. Companies specializing in cooling technologies are now in a position to develop more energy-efficient, eco-friendly solutions.<\/p>\n\n\n\n<p>In this blog, we will compare Voltas Limited and Blue Star Limited, the top players in the Indian Air Conditioning industry.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wp-api.pocketful.in\/blog\/voltas-vs-blue-star\/#Voltas_Limited_Overview\" title=\"Voltas Limited Overview\">Voltas Limited Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wp-api.pocketful.in\/blog\/voltas-vs-blue-star\/#Business_Model_of_Voltas_Limited\" title=\"Business Model of Voltas Limited\">Business Model of Voltas Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wp-api.pocketful.in\/blog\/voltas-vs-blue-star\/#Blue_Star_Limited_Overview\" title=\"Blue Star Limited Overview\">Blue Star Limited Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wp-api.pocketful.in\/blog\/voltas-vs-blue-star\/#Business_Model_of_Blue_Star_Limited\" title=\"Business Model of Blue Star Limited\">Business Model of Blue Star Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wp-api.pocketful.in\/blog\/voltas-vs-blue-star\/#Market_Information\" title=\"Market Information&nbsp;\">Market Information&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wp-api.pocketful.in\/blog\/voltas-vs-blue-star\/#Performance_Comparison\" title=\"Performance Comparison\">Performance Comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wp-api.pocketful.in\/blog\/voltas-vs-blue-star\/#Financial_Statement_Comparison\" title=\"Financial Statement Comparison\">Financial Statement Comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/wp-api.pocketful.in\/blog\/voltas-vs-blue-star\/#Key_Performance_Ratios\" title=\"Key Performance Ratios\">Key Performance Ratios<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/wp-api.pocketful.in\/blog\/voltas-vs-blue-star\/#Future_Plan_of_Voltas_Limited\" title=\"Future Plan of Voltas Limited\">Future Plan of Voltas Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/wp-api.pocketful.in\/blog\/voltas-vs-blue-star\/#Future_Plan_of_Blue_Star_Limited\" title=\"Future Plan of Blue Star Limited\">Future Plan of Blue Star Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/wp-api.pocketful.in\/blog\/voltas-vs-blue-star\/#Who_is_Better_Voltas_Limited_or_Blue_Star_Limited\" title=\"Who is Better: Voltas Limited or Blue Star Limited?\">Who is Better: Voltas Limited or Blue Star Limited?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/wp-api.pocketful.in\/blog\/voltas-vs-blue-star\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/wp-api.pocketful.in\/blog\/voltas-vs-blue-star\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-voltas-limited-overview\"><span class=\"ez-toc-section\" id=\"Voltas_Limited_Overview\"><\/span>Voltas Limited Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.pocketful.in\/stocks\/voltas-ltd\">Voltas <\/a>was incorporated in 1954 as a result of a collaboration between Tata Sons and Volkart Brothers. By the year 1960, it had established itself as a prominent player in the Indian refrigeration and air conditioning industry. The company has expanded its production capacity and ventured into Middle Eastern countries. It has a strong presence in Southeast Asia and Africa. The company has executed various large projects in the UAE, Qatar, Oman, and Saudi Arabia. The headquarters of the company are situated in Mumbai.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-business-model-of-voltas-limited\"><span class=\"ez-toc-section\" id=\"Business_Model_of_Voltas_Limited\"><\/span>Business Model of Voltas Limited<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are major business segments of Voltas as listed below:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Cooling Products:<\/strong> The company offers cooling solutions for residential, commercial and industrial use. Their product portfolio includes air conditioners, water and air purifiers, and commercial freezers.&nbsp;<\/li>\n\n\n\n<li><strong>Electro and Mechanical Projects<\/strong>: Voltas has executed various electrical and plumbing projects in India and other countries. They have provided services to Burj Khalifa and Ferrari World.<\/li>\n\n\n\n<li><strong>Water Treatment:<\/strong> They also provide pumps and other services related to water treatment.<\/li>\n<\/ol>\n\n\n\n<p><strong>Read Also:<\/strong> <a href=\"https:\/\/www.pocketful.in\/blog\/voltas-case-study\/\">Voltas Case Study: Business Model And Key Insights<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-blue-star-limited-overview\"><span class=\"ez-toc-section\" id=\"Blue_Star_Limited_Overview\"><\/span>Blue Star Limited Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.pocketful.in\/stocks\/blue-star-ltd\">Blue Star <\/a>was established in 1943 by Mohan T. Advani. Initially, it operated as a reconditioning company. Later, the company ventured into the manufacturing of ice candy machines and bottle coolers. In the late 2000s, the company expanded into electrical, plumbing and fire-fighting contracting businesses. In 2017, the company formed a wholly owned subsidiary called Blue Star International FZCO to manage global sales. The company has seven manufacturing plants across India. Their products, like room air conditioners, water purifiers, air purifiers, commercial refrigeration, etc, have become a household name. The company has its headquarters situated in Mumbai.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-business-model-of-blue-star-limited\"><span class=\"ez-toc-section\" id=\"Business_Model_of_Blue_Star_Limited\"><\/span>Business Model of Blue Star Limited<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Blue Star has primarily three business segments:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Commercial Air Conditioning System<\/strong>: A significant portion of the company\u2019s revenue comes from providing air conditioning solutions to large-scale projects. It offers central AC services, ducting systems and MEP (Mechanical, Electrical, Plumbing and Fire Fighting Solution) services for various buildings, factories etc.&nbsp;<\/li>\n\n\n\n<li><strong>Cooling Products<\/strong>: It also manufactures products such as inverter AC, split AC, Window AC, deep freezer, etc.<\/li>\n\n\n\n<li><strong>Electronic and Industrial Systems:<\/strong> Blue Star provides marketing, distribution, and servicing of imported professional electronics and industrial equipment through its wholly-owned subsidiary, Blue Star Engineering &amp; Electronics Ltd.<\/li>\n<\/ol>\n\n\n\n<p><strong>Read Also: <\/strong><a href=\"https:\/\/www.pocketful.in\/blog\/bluestar-case-study-and-swot-analysis\/\">Bluestar Case Study: Products, Financials, and SWOT Analysis<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-market-information-nbsp\"><span class=\"ez-toc-section\" id=\"Market_Information\"><\/span>Market Information&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particulars<\/th><th class=\"has-text-align-center\" data-align=\"center\">Voltas Limited<\/th><th class=\"has-text-align-center\" data-align=\"center\">Blue Star Limited<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">Current Market Price (INR)<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,268<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,604<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Market Capitalisation (In Crores)<\/td><td class=\"has-text-align-center\" data-align=\"center\">41,956<\/td><td class=\"has-text-align-center\" data-align=\"center\">32,981<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">52 Week High (INR)<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,946<\/td><td class=\"has-text-align-center\" data-align=\"center\">2,420<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">52 Week Low (INR)<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,135<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,521<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Book Value (INR<\/td><td class=\"has-text-align-center\" data-align=\"center\">197<\/td><td class=\"has-text-align-center\" data-align=\"center\">149<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">P\/E Ratio (x)<\/td><td class=\"has-text-align-center\" data-align=\"center\">50.9<\/td><td class=\"has-text-align-center\" data-align=\"center\">56.7<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">(As of 20 June 2025)<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-performance-comparison\"><span class=\"ez-toc-section\" id=\"Performance_Comparison\"><\/span>Performance Comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Return<\/th><th class=\"has-text-align-center\" data-align=\"center\">Voltas Limited<\/th><th class=\"has-text-align-center\" data-align=\"center\">Blue Star Limited<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">1 Month<\/td><td class=\"has-text-align-center\" data-align=\"center\">2.09%<\/td><td class=\"has-text-align-center\" data-align=\"center\">-0.47%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">6 Months<\/td><td class=\"has-text-align-center\" data-align=\"center\">-24.97%<\/td><td class=\"has-text-align-center\" data-align=\"center\">-18.95%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">1 Year<\/td><td class=\"has-text-align-center\" data-align=\"center\">-14.74%<\/td><td class=\"has-text-align-center\" data-align=\"center\">-3.94%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">5 Years<\/td><td class=\"has-text-align-center\" data-align=\"center\">130.60%<\/td><td class=\"has-text-align-center\" data-align=\"center\">534.28%<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">(As of 20 June 2025)<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-financial-statement-comparison\"><span class=\"ez-toc-section\" id=\"Financial_Statement_Comparison\"><\/span>Financial Statement Comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-income-statement-comparison\">Income Statement Comparison<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particulars<\/th><th class=\"has-text-align-center\" data-align=\"center\">Voltas Limited<\/th><th class=\"has-text-align-center\" data-align=\"center\">Blue Star Limited<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">Total Revenue<\/td><td class=\"has-text-align-center\" data-align=\"center\">15,737<\/td><td class=\"has-text-align-center\" data-align=\"center\">12,042<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Total Expenses<\/td><td class=\"has-text-align-center\" data-align=\"center\">14,358<\/td><td class=\"has-text-align-center\" data-align=\"center\">11,207<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">EBIT<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,378<\/td><td class=\"has-text-align-center\" data-align=\"center\">835<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Profit After Tax<\/td><td class=\"has-text-align-center\" data-align=\"center\">960<\/td><td class=\"has-text-align-center\" data-align=\"center\">592<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">(All values are in INR crores and the data is as of March 2025)<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"452\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/06\/income-statement-voltas.png\" alt=\"\" class=\"wp-image-19156\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/06\/income-statement-voltas.png 752w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/06\/income-statement-voltas-300x180.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/06\/income-statement-voltas-150x90.png 150w\" sizes=\"auto, (max-width: 752px) 100vw, 752px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-balance-sheet-comparison\">Balance Sheet Comparison<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particulars<\/th><th class=\"has-text-align-center\" data-align=\"center\">Voltas Limited<\/th><th class=\"has-text-align-center\" data-align=\"center\">Blue Star Limited<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">Reserves &amp; Surplus&nbsp;<\/td><td class=\"has-text-align-center\" data-align=\"center\">6,480<\/td><td class=\"has-text-align-center\" data-align=\"center\">3,023<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Current Liabilities<\/td><td class=\"has-text-align-center\" data-align=\"center\">6,013<\/td><td class=\"has-text-align-center\" data-align=\"center\">4,944<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Current Assets<\/td><td class=\"has-text-align-center\" data-align=\"center\">8,877<\/td><td class=\"has-text-align-center\" data-align=\"center\">6,312<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Other Assets<\/td><td class=\"has-text-align-center\" data-align=\"center\">3,290<\/td><td class=\"has-text-align-center\" data-align=\"center\">285<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">(All values are in INR crores and the data is as of March 2025)<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"452\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/06\/balance-sheet-voltas.png\" alt=\"\" class=\"wp-image-19157\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/06\/balance-sheet-voltas.png 752w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/06\/balance-sheet-voltas-300x180.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/06\/balance-sheet-voltas-150x90.png 150w\" sizes=\"auto, (max-width: 752px) 100vw, 752px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-cash-flow-statement\">Cash Flow Statement<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particulars<\/th><th class=\"has-text-align-center\" data-align=\"center\">Voltas Limited<\/th><th class=\"has-text-align-center\" data-align=\"center\">Blue Star Limited<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">Cash Flow from Operating Activities<\/td><td class=\"has-text-align-center\" data-align=\"center\">-224<\/td><td class=\"has-text-align-center\" data-align=\"center\">688<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Cash Flow from Investing Activities<\/td><td class=\"has-text-align-center\" data-align=\"center\">157<\/td><td class=\"has-text-align-center\" data-align=\"center\">-463<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Cash Flow from Financing Activities<\/td><td class=\"has-text-align-center\" data-align=\"center\">-99<\/td><td class=\"has-text-align-center\" data-align=\"center\">-162<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">(All values are in INR crores and the data is as of March 2025)<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"452\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/06\/cash-flow-statement-voltas.png\" alt=\"\" class=\"wp-image-19158\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/06\/cash-flow-statement-voltas.png 752w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/06\/cash-flow-statement-voltas-300x180.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/06\/cash-flow-statement-voltas-150x90.png 150w\" sizes=\"auto, (max-width: 752px) 100vw, 752px\" \/><\/figure>\n\n\n\n<p><strong>Read Also:<\/strong><a href=\"https:\/\/www.pocketful.in\/blog\/sail-vs-tata-steel\/\"> SAIL Vs Tata Steel: Which is Better?<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-key-performance-ratios\"><span class=\"ez-toc-section\" id=\"Key_Performance_Ratios\"><\/span>Key Performance Ratios<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particulars<\/th><th class=\"has-text-align-center\" data-align=\"center\">Voltas Limited<\/th><th class=\"has-text-align-center\" data-align=\"center\">Blue Star Limited<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">Operating Profit Margin (%)<\/td><td class=\"has-text-align-center\" data-align=\"center\">8.94<\/td><td class=\"has-text-align-center\" data-align=\"center\">6.87<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Net Profit Margin (%)<\/td><td class=\"has-text-align-center\" data-align=\"center\">6.23<\/td><td class=\"has-text-align-center\" data-align=\"center\">4.95<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">ROE (%)<\/td><td class=\"has-text-align-center\" data-align=\"center\">12.91<\/td><td class=\"has-text-align-center\" data-align=\"center\">19.28<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">ROCE (%)<\/td><td class=\"has-text-align-center\" data-align=\"center\">19.31<\/td><td class=\"has-text-align-center\" data-align=\"center\">24.82<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Debt to Equity (x)<\/td><td class=\"has-text-align-center\" data-align=\"center\">0.13<\/td><td class=\"has-text-align-center\" data-align=\"center\">0.07<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-future-plan-of-voltas-limited\"><span class=\"ez-toc-section\" id=\"Future_Plan_of_Voltas_Limited\"><\/span>Future Plan of Voltas Limited<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To expand its business operations, the company is planning to expand its product portfolio by providing efficient and eco-friendly air cooling systems. The company has recently launched the appliances under the Voltas Beko brand name to accelerate its growth in the home appliance segment. The company is also planning to expand its operations in the Middle East and Africa.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-future-plan-of-blue-star-limited\"><span class=\"ez-toc-section\" id=\"Future_Plan_of_Blue_Star_Limited\"><\/span>Future Plan of Blue Star Limited<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To become a leader in air conditioning and the commercial segment, the company is spending a huge amount on R&amp;D to introduce innovative products. The company is planning to invest a huge sum of money to establish manufacturing units in Himachal Pradesh and Mumbai. The company is expected to increase its market share to 14.25% from 13.75 %. The company is also focusing on strengthening its distribution and after-sales services.&nbsp;<\/p>\n\n\n\n<p><strong>Read Also: <\/strong><a href=\"https:\/\/www.pocketful.in\/blog\/bajaj-finserv-and-bajaj-finance\/\">Bajaj Finserv and Bajaj Finance: Which is Better?<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-who-is-better-voltas-limited-or-blue-star-limited\"><span class=\"ez-toc-section\" id=\"Who_is_Better_Voltas_Limited_or_Blue_Star_Limited\"><\/span>Who is Better: Voltas Limited or Blue Star Limited?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Both companies have their strengths and weaknesses. Voltas is supported by the Tata Group brand and has a competitive edge in residential AC solutions. It is considered a top player in terms of volume. Voltas has also provided their cooling equipment in Burj Khalifa, and other top commercial and residential buildings. On the other hand, Blue Star offers a more diversified product range in the commercial segment, and it has a significant presence in the commercial sector. It provides solutions like HVAC, MEP, etc. It is difficult to say which one is better as it depends on the company&#8217;s fundamentals, future financial performance and investor\u2019s risk profile. You are required to analyse both companies&#8217; financial statements thoroughly before making any investment decision or consult a financial advisor to make an informed investment decision.<\/p>\n\n\n\n<p><strong>Read Also:<\/strong> <a href=\"https:\/\/www.pocketful.in\/blog\/best-air-conditioner-stocks-in-india\/\">Listed AC Manufacturing Companies in India<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>On a concluding note, both Voltas and Blue Star are prominent players in the Indian air conditioning industry. Voltas has partnered with Beko to offer refrigerators, washing machines and other household items, thereby strengthening their market position. On the other hand, Blue Star is primarily focusing on providing innovative cooling solutions. Both companies are aggressively expanding their business operations by providing a wide range of cooling solutions. However, before investing in any of these companies, it is advisable to consult your investment advisor and consider your risk profile.<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">S.NO.<\/th><th class=\"has-text-align-left\" data-align=\"left\">Check Out These Interesting Posts You Might Enjoy!<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">1<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/jk-tyre-vs-ceat-tyre\/\">JK Tyre Vs CEAT: Which is Better?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">2<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/apollo-hospitals-vs-fortis-healthcare\/\">Apollo Hospitals vs Fortis Healthcare<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">3<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/xirr-vs-cagr\/\">ITC vs HUL: Comparison of India\u2019s FMCG Giants<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">4<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/indigo-vs-spicejet\/\">IndiGo vs SpiceJet: Which is Better?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">5<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/tata-motors-vs-ashok-leyland\/\">Tata Motors Vs Ashok Leyland: Which is Better?<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions-faqs\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\">Which is the older company, Blue Star or Voltas?<\/h3><p class=\"saswp-faq-answer-text\">Blue Star is the older company as it was founded in 1943, whereas Voltas was established in 1954.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Which companies are major competitors for both Voltas and Blue Star?<\/h3><p class=\"saswp-faq-answer-text\">Both companies face intense competition from various companies such as LG, Daikin, Hitachi, Samsung, Godrej, etc.\u00a0<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Which of Blue Star and Voltas is the bigger company?<\/h3><p class=\"saswp-faq-answer-text\">Based on market capitalisation, Voltas is the bigger company.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Is Voltas a part of the Tata Group?<\/h3><p class=\"saswp-faq-answer-text\">Yes, Voltas Limited is a part of the Tata Group, established due to the collaboration between Tata Sons and Volkart Brothers.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Which company has the higher FII holding among Voltas Limited and Blue Star Limited?<\/h3><p class=\"saswp-faq-answer-text\">As of 31st March 2025, Voltas Limited has a higher FII holding of 21.96% compared to 16.94% in Blue Star Limited.\u00a0\u00a0<\/p><\/ul><\/div>\n\n\n<p><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the increasing temperature during the summer season, everyone seems to be rushing to purchase a new air conditioner. While global warming is a serious concern, this growing demand for air conditioners also presents an opportunity for innovation and growth within the air conditioning industry. Companies specializing in cooling technologies are now in a position [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":19163,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"is_paper_insight":false,"paper_insight_image":0,"paper_insight_pdf":0,"paper_insight_ppt":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-19153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-study"],"acf":{"freelancer":"Akash Gupta"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Voltas vs Blue Star: Which Air Conditioning Stock Is Better?<\/title>\n<meta name=\"description\" content=\"Compare Voltas vs Blue Star across financials, products, and performance. 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