Bluestone Jewellery & Lifestyle Ltd
Incorporated in 2011, BlueStone Jewellery and Lifestyle Limited manufactures and provides diamond, gold, platinum and studded jewellery.[1]
- Market Cap ₹ 11,178 Cr.
- Current Price ₹ 731
- High / Low ₹ 971 / 400
- Stock P/E 107
- Book Value ₹ 120
- Dividend Yield 0.00 %
- ROCE 6.78 %
- ROE 1.11 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
Cons
- 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
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|
| 1,770 | 2,436 | 2,912 | |
| 1,694 | 2,049 | 2,423 | |
| Operating Profit | 76 | 388 | 489 |
| OPM % | 4.3% | 16% | 17% |
| 58 | 46 | 65 | |
| Interest | 208 | 211 | 219 |
| Depreciation | 147 | 210 | 234 |
| Profit before tax | -222 | 13 | 102 |
| Tax % | 0% | 0% | |
| -222 | 13 | 102 | |
| EPS in Rs | -62.91 | 0.97 | 6.92 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 42% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 164% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -2% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|
| Equity Capital | 4 | 15 | 15 |
| Reserves | 877 | 1,785 | 1,821 |
| 1,941 | 1,984 | 1,918 | |
| 711 | 1,176 | 1,739 | |
| Total Liabilities | 3,532 | 4,961 | 5,493 |
| 1,013 | 1,134 | 1,195 | |
| CWIP | 5 | 3 | 2 |
| Investments | 59 | 47 | 19 |
| 2,455 | 3,777 | 4,277 | |
| Total Assets | 3,532 | 4,961 | 5,493 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| -666 | -199 | |
| -84 | -239 | |
| 740 | 497 | |
| Net Cash Flow | -10 | 59 |
| Free Cash Flow | -828 | -276 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -869% | -52% |
Ratios
Consolidated / View Standalone
| 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
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Average Order Value (AOV) INR ・Standalone data |
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| Repeat Revenue Ratio % ・Standalone data |
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| Store Count (Total) number ・Standalone data |
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| Cities Covered number ・Standalone data |
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| Cumulative Customer Base (Life Till Date) number ・Standalone data |
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| Revenue per Store per Month (PSPM) for Mature Stores (>3 years operational) INR million ・Standalone data |
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| Same-Store Sales Growth (SSSG) % ・Standalone data |
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| Number of Designs number ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Statement Of Deviation And Variation For The Quarter Ended September 30, 2026
- BlueStone reports no deviation in IPO proceeds utilization for quarter ended September 30, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Q2 FY2026-27 earnings conference call recording posted on BlueStone’s website.
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Announcement under Regulation 30 (LODR)-Investor Presentation
- Investor Presentation for Q2 Results FY 2026-2027
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Intimation Of Fund Raising In Accordance With The SEBI (LODR) Regulations, 2015 ("Listing Regulations").
- Board approved up to ₹300 crore NCD issue via private placement for debt refinancing and growth needs.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- CARE report for quarter ended September 30, 2026 shows no deviation; ₹16.57 crore remains unutilized.
Concalls
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Oct 2026PPT REC
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Jul 2026Transcript PPT REC
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Jun 2026PPT
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Jun 2026PPT
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Apr 2026Transcript PPT REC
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Jan 2026Transcript
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Jan 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Sep 2025Transcript PPT REC
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Nov 2024REC
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.