Bluestone Jewellery & Lifestyle Ltd
BLUESTONE NSE
Bluestone Jewellery & Lifestyle Ltd
Consumer GoodsNSE: BLUESTONE BSE: 544484 Jewellery & Watches
Key Fundamentals
MicrocapJewellery & WatchesConsumer GoodsMarket Cap
₹12,668 Cr
Volatility
Moderate
P/E Ratio
221.13
EBITDA
₹384 Cr
Return on Equity
-24.36%
Debt to Equity
0.94
Book Value
₹117.89
52W High
₹926
52W Low
₹399.8
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Bluestone Jewellery & Lifestyle Ltd insights
53 extracted metrics + investor summaries across FY22–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company is expected to give good quarter
Weaknesses
5- Stock is trading at 7.06 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 16.2%
- Promoters have pledged 37.2% of their holding.
- Working capital days have increased from 88.8 days to 138 days
Growth Rate
Revenue Growth
33.14% ↗
Net Income Growth
-105.94% ↘
Cash Flow Change
-32221.84% ↘
ROE
1.00% ↗
ROCE
-
EBITDA Margin (Avg.)
109.21% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 5d agoAI opinion · based on fundamentals
Risk high
Bluestone Jewellery & Lifestyle Ltd is a high-growth online jewellery company with a market cap of Rs 13,056 Cr trading at a PE of 237.4x. The company posted TTM sales growth of 40% and profit growth of 129%, but operates with very thin profitability (ROE ~1% last year) and carries significant governance concerns including low promoter holding at 16.2% with 37.2% of that pledged.
Bull Case 7
- TTM revenue growth of 40% indicates strong consumer demand and market share gains in India's online jewellery segment
- TTM profit growth of 129% shows operating leverage kicking in as the business scales
- Company is expected to deliver a good upcoming quarter, suggesting continued momentum in execution
- Market cap of Rs 13,056 Cr reflects investor confidence in the long-term digital jewellery opportunity in India
- Zero dividend yield at this stage indicates full reinvestment of earnings into growth, appropriate for an early-stage high-growth company
- Profit growth of 129% significantly outpacing sales growth of 40% TTM suggests improving unit economics and margin expansion
- Price-to-book of 7.11x reflects the market's premium valuation of Bluestone's brand, technology platform, and growth runway
Bear Case 8
- PE ratio of 237.4x is extremely elevated, leaving little room for execution misses or growth slowdown
- Promoter holding is very low at 16.2%, raising concerns about alignment of interests and vulnerability to hostile actions
- Promoters have pledged 37.2% of their already low holding, creating forced-selling risk if share price corrects
- Working capital days have deteriorated from 88.8 days to 138 days, indicating inventory buildup or slower collections that strain cash flows
- ROE of just 1% last year suggests the company is generating negligible returns on equity despite its high valuation
- Low interest coverage ratio signals that operating profits barely cover interest expenses, pointing to balance sheet stress
- Stock trading at 7.08x book value is expensive for a company with ~1% ROE, implying the valuation is entirely dependent on future growth materializing
- Absence of historical 3-year and 5-year CAGR data on sales and profits makes it difficult to assess consistency and sustainability of growth
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2d ago Neutral 1
- 15th AGM notice dispatched Aug 15
Bluestone Jewellery confirmed electronic dispatch of its 15th AGM notice to registered shareholders on August 15, 2026, signed by MD Gaurav Singh Kushwaha under SEBI LODR compliance.
TL;DR: Only a routine corporate governance disclosure is available in this period, with no material positive or negative developments reported. The AGM notice is a standard regulatory filing with no impact on fundamentals. Without additional earnings, expansion, or risk-related news, the near-term trajectory remains data-dependent on upcoming quarterly results and management commentary at the AGM.
Quarterly Results
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 348 | 373 | 587 | 461 | 493 | 514 | 749 | 681 | 737 |
| Expenses | 346 | 378 | 537 | 436 | 438 | 473 | 584 | 557 | 630 |
| Operating Profit | 1.99 | -4.41 | 50.02 | 25.09 | 54.75 | 40.14 | 165 | 124 | 107 |
| OPM % | 0.57% | -1.18% | 8.52% | 5.44% | 11.11% | 7.81% | 22% | 18.25% | 14.5% |
| Other Income | 10.95 | 10.72 | 15.83 | 22.99 | 12.06 | 11.66 | 10.77 | 15.09 | 14.97 |
| Interest | 45.69 | 54.7 | 52.68 | 54.47 | 52.87 | 52.42 | 52.59 | 52.53 | 55.37 |
| Depreciation | 26.47 | 36.09 | 40.05 | 44.89 | 48.68 | 51.48 | 54.01 | 55.75 | 60.45 |
| PBT | -59.22 | -84.48 | -26.88 | -51.28 | -34.74 | -52.1 | 68.85 | 31.18 | 5.96 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -59.22 | -84.47 | -26.88 | -51.28 | -34.75 | -52.1 | 68.85 | 31.18 | 5.96 |
| EPS in Rs | -27.61 | -25.96 | -7.94 | -14.51 | -9.8 | -3.42 | 4.57 | 2.1 | 0.46 |
Profit & Loss
| Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|
| Sales | 1,770 | 2,436 | 2,681 |
| Expenses | 1,694 | 2,052 | 2,245 |
| Operating Profit | 76 | 384 | 436 |
| OPM % | 4.3% | 16% | 16% |
| Other Income | 58 | 50 | 52 |
| Interest | 208 | 210 | 213 |
| Depreciation | 147 | 210 | 222 |
| PBT | -222 | 13 | 54 |
| Tax % | 0% | 0% | — |
| Net Profit | -222 | 13 | 54 |
| EPS in Rs | -62.91 | 0.97 | 3.71 |
| Div. Payout % | 0% | 0% | — |
Balance Sheet
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 30 | 15 |
| Reserves | 877 | 1,785 |
| Borrowings | 1,915 | 1,699 |
| Other Liabilities | 711 | 1,461 |
| Total Liabilities | 3,532 | 4,961 |
| Fixed Assets | 1,013 | 1,134 |
| CWIP | 5 | 3 |
| Investments | 59 | 47 |
| Other Assets | 2,455 | 3,777 |
| Total Assets | 3,532 | 4,961 |
Cash Flow
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Operating | -666 | -199 |
| Investing | -84 | -239 |
| Financing | 740 | 497 |
| Net Cash Flow | -10 | 59 |
| Free Cash Flow | -828 | -276 |
| CFO/OP | -869 | -52 |
Ratios
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Debtor Days | 1 | 1 |
| Inventory Days | 549 | 700 |
| Days Payable | 55 | 42 |
| Cash Conversion Cycle | 496 | 659 |
| Working Capital Days | 39 | 138 |
| ROCE % | — | 7% |
Documents
1
Announcement under Regulation 30 (LODR)-Newspaper Publication
4 May - Newspaper publications relating to Notice of Postal Ballot and e-voting information. 4 May - Newspaper publications relating to Notice of Postal Ballot and e-voting information.
2
Compliances-Reg.24(A)-Annual Secretarial Compliance
4 May - Annual Secretarial Compliance Report for FY2025-26 filed; no deviations or additional non-compliances noted. 4 May - Annual Secretarial Compliance Report for FY2025-26 filed; no deviations or additional non-compliances noted.
4
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
6 May - Bluestone says it does not qualify as a Large Corporate under SEBI debt norms as of March 31, 2026. 6 May - Bluestone says it does not qualify as a Large Corporate under SEBI debt norms as of March 31, 2026.
5
Announcement under Regulation 30 (LODR)-Newspaper Publication
27 Apr - In accordance with the Regulation 47 of SEBI (LODR) Regulations, 2015, please find attached herewith a copy of the Newspaper publications with respect to Audited … 27 Apr - In accordance with the Regulation 47 of SEBI (LODR) Regulations, 2015, please find attached herewith a copy of the Newspaper publications with respect to Audited …
Frequently Asked Questions about Bluestone Jewellery & Lifestyle Ltd
What does Bluestone Jewellery & Lifestyle Ltd do?
Incorporated in 2011, BlueStone Jewellery and Lifestyle Limited manufactures and provides diamond, gold, platinum and studded jewellery.[1]
Where is Bluestone Jewellery & Lifestyle Ltd (BLUESTONE) listed?
Bluestone Jewellery & Lifestyle Ltd is listed on the Indian stock exchanges. It is listed on NSE: BLUESTONE and BSE: 544484. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Bluestone Jewellery & Lifestyle Ltd belong to?
Bluestone Jewellery & Lifestyle Ltd operates in the Consumer Goods sector within the Jewellery & Watches industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Bluestone Jewellery & Lifestyle Ltd?
Bluestone Jewellery & Lifestyle Ltd has a market capitalisation of approximately ₹12668.40 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Bluestone Jewellery & Lifestyle Ltd?
The Price-to-Earnings (PE) ratio of Bluestone Jewellery & Lifestyle Ltd is 221.13. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Bluestone Jewellery & Lifestyle Ltd?
Over the past 52 weeks, Bluestone Jewellery & Lifestyle Ltd has traded between a low of ₹399.8 and a high of ₹926. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Bluestone Jewellery & Lifestyle Ltd?
Bluestone Jewellery & Lifestyle Ltd has a Return on Equity (ROE) of -24.36%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Bluestone Jewellery & Lifestyle Ltd on Tapetide?
On Tapetide, you can view Bluestone Jewellery & Lifestyle Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 2011, BlueStone Jewellery and Lifestyle Limited manufactures and provides diamond, gold, platinum and studded jewellery.[1]
Website bluestone.com
CEO Mr. Gaurav Singh Kushwaha
Employees 1,943
Listed 2025-08-19
Face Value ₹ 1
Issued Size 15,13,20,372