Bluestone Jewellery & Lifestyle Ltd
BlueStone Jewellery and Lifestyle Limited manufactures and provides diamond, gold, platinum and studded jewellery.[1]
- Market Cap ₹ 7,397 Cr.
- Current Price ₹ 488
- High / Low ₹ 793 / 466
- Stock P/E
- Book Value ₹ 111
- Dividend Yield 0.00 %
- ROCE -0.57 %
- ROE -35.8 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 4.40 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 16.4%
- Promoters have pledged or encumbered 37.2% of their holding.
- Earnings include an other income of Rs.58.0 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Gems, Jewellery And Watches
Part of BSE IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 255 | 245 | 461 | 771 | 1,266 | 1,770 | |
| 273 | 261 | 1,697 | 826 | 1,212 | 1,692 | |
| Operating Profit | -18 | -16 | -1,236 | -55 | 53 | 78 |
| OPM % | -7% | -7% | -268% | -7% | 4% | 4% |
| 1 | 8 | 15 | 17 | 38 | 58 | |
| Interest | 3 | 9 | 19 | 67 | 138 | 208 |
| Depreciation | 4 | 13 | 22 | 62 | 95 | 147 |
| Profit before tax | -24 | -31 | -1,261 | -167 | -142 | -219 |
| Tax % | 0% | 0% | 1% | 0% | 0% | 0% |
| -24 | -31 | -1,268 | -167 | -142 | -219 | |
| EPS in Rs | -193.89 | -252.95 | -5,934.08 | -78.24 | -66.54 | -62.21 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 57% |
| TTM: | 40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| TTM: | -53% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -36% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.12 | 0.09 | 0.18 | 2 | 2 | 4 | 15 |
| Reserves | 20 | -572 | -1,837 | -81 | 346 | 884 | 1,665 |
| 20 | 678 | 2,128 | 830 | 1,388 | 1,941 | 1,889 | |
| 67 | 127 | 270 | 505 | 718 | 707 | 894 | |
| Total Liabilities | 106 | 233 | 561 | 1,255 | 2,454 | 3,535 | 4,463 |
| 7 | 75 | 215 | 445 | 585 | 1,013 | 1,060 | |
| CWIP | 2 | 0 | 0 | 1 | 17 | 5 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 78 | 68 |
| 97 | 158 | 346 | 810 | 1,852 | 2,438 | 3,335 | |
| Total Assets | 106 | 233 | 561 | 1,255 | 2,454 | 3,535 | 4,463 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -18 | 39 | 33 | 27 | -181 | -665 | |
| -5 | -43 | -71 | -205 | -382 | -91 | |
| 24 | 9 | 38 | 196 | 595 | 740 | |
| Net Cash Flow | 0 | 5 | -1 | 18 | 32 | -16 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 26 | 3 | 4 | 0 | 1 | 1 |
| Inventory Days | 57 | 140 | 194 | 275 | 480 | 549 |
| Days Payable | 51 | 80 | 86 | 54 | 105 | 55 |
| Cash Conversion Cycle | 33 | 64 | 112 | 221 | 375 | 496 |
| Working Capital Days | 13 | -73 | -91 | -153 | -57 | 38 |
| ROCE % | -30% | -626% | -19% | -0% | -1% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan
-
Announcement under Regulation 30 (LODR)-Allotment
3 Jan - Allotment of 123,069 shares on Jan 3, 2026 at Rs1 under ESOP; issued capital 151,443,441.
-
Closure of Trading Window
30 Dec - Trading window closed Jan 1, 2026 until 48 hours after board meeting on unaudited Q3/9M results ending Dec 31, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
27 Dec - Newspaper Publications relating to Notice of Postal Ballot and e-voting information.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 26 Dec
Concalls
-
Nov 2025Transcript PPT REC
-
Sep 2025Transcript PPT REC
-
Nov 2024TranscriptAI SummaryPPTREC
Business Profile[1]
BlueStone is India’s 2nd largest digital-first omni-channel jewellery retailer, operating a vertically integrated model covering design, manufacturing, and retail. It targets modern consumers with a strong focus on non-wedding, lightweight, design-led jewellery, combining online discovery with offline fulfilment.