BlueStone Jewellery & Lifestyle
- P/E
- 99.80
Key Fundamentals
MicrocapConsumer DurablesConsumer DiscretionaryPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 6.78%
- Debt to Equity
- 1.04
- EPS (TTM)
- ₹6.92
- Book Value
- ₹120.12
- Market Cap
- —
- P/E (TTM)
- 99.80
- P/B
- 5.75
- ROE
- 1.11%
- Dividend Yield
- 0.00%
- EBITDA
- ₹439 Cr
- 52W High
- ₹969.90
- 52W Low
- ₹399.80
- Day Range
- ₹662.55 – ₹697.35
- Volume
- 3,46,102
Peer Comparison
Consumer Discretionary › Consumer Goods › Jewellery & Watches › Gems, Jewellery And Watches
| ₹4,754.40 | 73.27 | ₹4,08,204 Cr | 26.88 | 0.33% | 37.70% | 20.50% | ₹92,417 Cr | ₹5,760 Cr | |
| ₹529.05 | 38.06 | ₹52,836 Cr | 8.66 | 0.49% | 24.80% | 21.20% | ₹39,063 Cr | ₹1,436 Cr | |
| ₹366.05 | 19.89 | ₹20,211 Cr | 4.96 | 0.00% | 40.20% | 38.00% | ₹21,635 Cr | ₹922 Cr | |
| ₹15.82 | 16.48 | ₹14,560 Cr | 1.67 | 0.00% | 9.96% | 9.60% | ₹3,505 Cr | ₹775 Cr | |
| ₹4,285.90 | 34.07 | ₹14,306 Cr | 9.41 | 0.40% | 28.10% | 25.50% | ₹9,622 Cr | ₹392 Cr | |
| ₹927.20 | 42.85 | ₹13,567 Cr | 10.22 | 0.23% | 28.90% | 26.90% | ₹7,176 Cr | ₹344 Cr | |
| BlueStone Jewellery & Lifestyle (this company) | ₹690.65 | 99.80 | ₹10,225 Cr | 5.75 | 0.00% | 1.11% | 6.78% | ₹2,912 Cr | ₹102 Cr |
| Median 7 companies | ₹690.65 | 38.06 | ₹14,560 Cr | 8.66 | 0.23% | 28.10% | 21.20% | ₹9,622 Cr | ₹775 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 98/100
Category scores
- Quality
- 18
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 20
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 97
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 28
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 77
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 41
- Weak
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company is expected to give good quarter
Weaknesses
5- Stock is trading at 6.08 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 85.5 days to 132 days
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 10 | 5 | 4 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bearish | 8 | 0 | 2 |
Oscillators
Neutral
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 37.99
- Neutral
- MACD (12,26,9)
- −34.29
- Bearish
- SMA (50)
- 796.49
- Bearish
- SMA (200)
- 608.30
- Bullish
As of
Analyst Rating
6 of 6 analysts rate Buy, 0 Hold, 0 Sell.
As of
Growth Rate
From the financial statements below. 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.
Revenue
| 1Y | +37.63% |
|---|---|
| TTM | +41.72% |
Net profit
| 1Y | Turned to profit |
|---|---|
| TTM | Turned to profit |
Operating cash flow
| 1Y | Outflow narrowed by ₹467 Cr |
|---|---|
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 1Y | +11.64 pp |
|---|---|
| TTM | +8.53 pp |
Revenue by year
| Mar 2025 | ₹1,770 Cr |
|---|---|
| Mar 2026 | ₹2,436 Cr |
Net profit by year
| Mar 2025 | −₹222 Cr |
|---|---|
| Mar 2026 | ₹13.00 Cr |
Analyst Forecasts
AI Analysis — Bull vs Bear
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.
- 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
- 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
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.
- 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.
Quarterly Results
₹ Cr| Particulars | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 348 | 373 | 587 | 461 | 493 | 514 | 749 | 681 | 737 | 745 |
| Expenses | 346 | 378 | 537 | 436 | 438 | 473 | 584 | 557 | 630 | 652 |
| Operating Profit | 1.99 | −4.41 | 50.02 | 25.09 | 54.75 | 40.14 | 165 | 124 | 107 | 93.5 |
| OPM % | 0.57% | −1.18% | 8.52% | 5.44% | 11.11% | 7.81% | 22% | 18.25% | 14.5% | 12.55% |
| Other Income | 10.95 | 10.72 | 15.83 | 22.99 | 12.06 | 11.66 | 10.77 | 15.09 | 14.97 | 24.38 |
| Interest | 45.69 | 54.7 | 52.68 | 54.47 | 52.87 | 52.42 | 52.59 | 52.53 | 55.37 | 58.38 |
| Depreciation | 26.47 | 36.09 | 40.05 | 44.89 | 48.68 | 51.48 | 54.01 | 55.75 | 60.45 | 63.87 |
| PBT | −59.22 | −84.48 | −26.88 | −51.28 | −34.74 | −52.1 | 68.85 | 31.18 | 5.96 | −4.37 |
| Tax % | 0% | 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 | −4.37 |
| EPS (₹) | −27.61 | −25.96 | −7.94 | −14.51 | −9.8 | −3.42 | 4.57 | 2.1 | 0.46 | −0.21 |
Profit & Loss
₹ Cr| Particulars | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|
| Sales | 1,770 | 2,436 | 2,912 |
| Expenses | 1,694 | 2,049 | 2,423 |
| Operating Profit | 76 | 388 | 489 |
| OPM % | 4.3% | 16% | 17% |
| Other Income | 58 | 46 | 65 |
| Interest | 208 | 210 | 219 |
| Depreciation | 147 | 210 | 234 |
| PBT | −222 | 13 | 102 |
| Tax % | 0% | 0% | — |
| Net Profit | −222 | 13 | 102 |
| EPS (₹) | −62.91 | 0.97 | 6.92 |
| Div. Payout % | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2025 | Mar 2026 | Sep 2026 |
|---|---|---|---|
| Equity Capital | 4 | 15 | 15 |
| Reserves | 877 | 1,785 | 1,821 |
| Borrowings | 1,941 | 1,984 | 1,918 |
| Other Liabilities | 711 | 1,176 | 1,739 |
| Total Liabilities | 3,532 | 4,961 | 5,493 |
| Fixed Assets | 1,013 | 1,134 | 1,195 |
| CWIP | 5 | 3 | 2 |
| Investments | 59 | 47 | 19 |
| Other Assets | 2,455 | 3,777 | 4,277 |
| Total Assets | 3,532 | 4,961 | 5,493 |
Cash Flow
₹ Cr| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| Operating | −666 | −199 |
| Investing | −84 | −239 |
| Financing | 740 | 497 |
| Net Cash Flow | −10 | 59 |
| Free Cash Flow | −828 | −276 |
| CFO/EBITDA | −869 | −52 |
Ratios
| Particulars | 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 | 132 |
| ROCE % | — | 7% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view BlueStone Jewellery & Lifestyle insights
61 extracted metrics across FY22–FY27.
Documents
- Q1 FY27 concall · Jul 2026Transcript PPT Recording
- Concall · Jun 2026PPT
- Concall · Jun 2026PPT
- Q4 FY26 concall · Apr 2026Transcript PPT Recording
- 29 Sep 2026
- 7 Aug 2026
- General announcements 23 Oct 2026
Frequently Asked Questions about BlueStone Jewellery & Lifestyle
What does Bluestone Jewellery & Lifestyle Ltd do?
Where is Bluestone Jewellery & Lifestyle Ltd (BLUESTONE) listed?
Which sector does Bluestone Jewellery & Lifestyle Ltd belong to?
What is the PE ratio of Bluestone Jewellery & Lifestyle Ltd?
What is the 52-week high and low of Bluestone Jewellery & Lifestyle Ltd?
What is the Return on Equity (ROE) of Bluestone Jewellery & Lifestyle Ltd?
Company Information
Incorporated in 2011, BlueStone Jewellery and Lifestyle Limited manufactures and provides diamond, gold, platinum and studded jewellery.
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