BlueStone Jewellery & Lifestyle
BlueStone Jewellery & Lifestyle
Consumer GoodsKey Fundamentals
MicrocapJewellery & WatchesConsumer GoodsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company is expected to give good quarter
Weaknesses
5- Stock is trading at 7.53 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
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 32d agoBluestone 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
anthropic claude-opus-4.6 29d ago- 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
| Particulars | 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
| Particulars | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|
| Sales | 1,770 | 2,436 | 2,681 |
| Expenses | 1,694 | 2,049 | 2,245 |
| Operating Profit | 76 | 388 | 436 |
| OPM % | 4.3% | 16% | 16% |
| Other Income | 58 | 46 | 52 |
| Interest | 208 | 211 | 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
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| Equity Capital | 4 | 15 |
| Reserves | 877 | 1,785 |
| Borrowings | 1,941 | 1,984 |
| Other Liabilities | 711 | 1,176 |
| 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
| 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/OP | -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
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56 extracted metrics + investor summaries across FY22–FY27.
Documents
Frequently Asked Questions about BlueStone Jewellery & Lifestyle
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Company Information
Incorporated in 2011, BlueStone Jewellery and Lifestyle Limited manufactures and provides diamond, gold, platinum and studded jewellery.[1]
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