BLUESTONEConsumer Durables

BlueStone Jewellery and Lifestyle Limited

Gems, Jewellery And Watches · ISIN INE304W01038 · BSE 544484 · NSE EQ · FV ₹1
Last price
₹831
-2.90%today
What this company does

BlueStone Jewellery and Lifestyle Limited operates in Gems, Jewellery And Watches, part of the Consumer Durables sector. It booked ₹737 cr of revenue in its latest quarter (Q1 FY27) and kept 0.9% of sales as profit. It is the 5th largest of 9 Gems, Jewellery And Watches companies we track, by market value.

In the report:
12out of 100
Equitytale Health Score
Fragile

Healthier than 12% of companies in Consumer Durables, on the 5 of 6 measures we could read for it. Each measure is ranked against the 30–41 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
51

At close. Not part of the score.

Profitability & returns5

How much profit it earns on the money it employs

Balance sheet22

How much it owes, and whether earnings cover the interest

Cash quality0

Whether reported profit actually arrives as cash · lowest in its sector on what we could measure

Valuation12

What today's price implies, against our models or its peers

Governance & risk30

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 50% vs last year
Watch-outs
! Thin 0.9% net margin
! 37.2% of promoter stake pledged
! Low 1.5% return on equity
! Operating cash flow is negative

What if I invest in BLUESTONE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹831 -2.90%
latest close · 2026-09-17
52-wk low ₹61742 sessions so far52-wk high ₹926
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio451.7High
LowAverageHigh
P/B ratio7.03High
Below bookModerateHigh
EV / EBITDA27.1High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity1.5%Weak
WeakFairStrong ▸15%
Return on capital8.8%Fair
WeakFairStrong
Net margin0.9%Thin
ThinDecentStrong
EBITDA margin16.7%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.41Comfortable
LowModerateHigh ▸1
Interest cover1.1×Risky
RiskyOkayStrong ▸5×
Current ratio1.67Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹12,667 cr
Book value
₹118
EPS
₹0.46
latest quarter
Net debt
₹637 cr
owes more than its cash
Enterprise value
₹13,304 cr
EBITDA
₹491 cr
annualised
EBIT
₹249 cr
annualised
Operating margin
8.5%
Return on assets
0.6%
Earnings yield
0.22%
P/S
4.30
Sales / share
₹193.4
Tax rate
0.0%
Face value
₹1
Shares
15.2 cr
Working capital
₹1,434 cr
Current assets
₹3,561 cr
Current liabilities
₹2,127 cr
Delivery %
27.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹737 cr
Other Income₹15 cr
Total Income₹752 cr
Cost of Materials₹712 cr
Purchases of Stock-in-Trade₹5 cr
Inventory Change (±)₹-280 cr
Employee Benefit Expense₹76 cr
Finance Costs₹55 cr
Depreciation & Amortisation₹60 cr
Other Expenses₹117 cr
Total Expenses₹745 cr
Profit before Tax₹7 cr
Tax Expense₹0 cr
Share of JV / Associates₹-1 cr
Net Profit₹6 cr
Net margin on total income0.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹436 cr58.1%
Employee benefit expense₹76 cr10.1%
Finance costs₹55 cr7.4%
Depreciation & amortisation₹60 cr8.1%
Other expenses₹117 cr15.5%
Profit for the period₹6 cr0.8%
Total income ₹752 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue749 cr681 cr737 cr
Total income759 cr697 cr752 cr
Expenses689 cr664 cr745 cr
Profit before tax70 cr33 cr7 cr
Tax0 cr0 cr0 cr
Net profit (owners' share)69 cr32 cr7 cr
Net margin (owners' share, on revenue)9.2%4.7%0.9%
EPS (₹)4.552.050.46
YoY (latest quarter): total income +49.0% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹4,961 cr
Shareholder equity
₹1,801 cr
parent shareholders
Total debt
₹744 cr
Cash
₹108 cr
Cash flow · H1 FY26
Operating
₹-76 cr
Investing
₹-555 cr
Financing
₹653 cr
Peer comparison
Gems, Jewellery And Watches · by market value
CompanyPriceMarket capP/E
Titan Company Limited₹4,841₹4.30 L cr60.4
Kalyan Jewellers India Limited₹581₹60,049 cr43.0
Thangamayil Jewellery Limited₹4,811₹14,953 cr43.9
Lalithaa Jewellery Mart Limited₹290₹14,519 cr17.5
BlueStone Jewellery and Lifestyle Limitedthis company₹831₹12,667 cr451.7
SKY GOLD AND DIAMONDS LIMITED₹793₹12,286 cr29.7
PC Jeweller Limited₹12₹11,992 cr13.4
P N Gadgil Jewellers Limited₹601₹8,158 cr19.4
Ethos Limited₹2,651₹7,093 cr63.1
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
37.2% pledged
Promoter
16.3%
FII / Foreign
34.7%
DII / Domestic
32.5%
Retail / others
16.6%
Promoter stake down 0.1% over the last 5 quarters.
Smart-money activity
Insider trades
SoldHarshit Kulin Desai · Designated Person12,570 · ₹1.1 cr10 Sep 26
SoldRumit Dugar · KMP46,4908 Sep 26
SoldJayesh Saraf · Designated Person353 · ₹3.1 L7 Sep 26
Bulk / block deals
short · NSE610 Aug 26
short · NSE15 Aug 26
BoughtQE SECURITIES LLP · NSE8.96 L @ ₹875.175 Aug 26
Stake changes
BoughtNippon India Mutual Fund→ 6.30% · 34.70 L9 Jun 26
Sold360 ONE Special Opportunities Fund- Series 11→ 6.91% · 35.14 L9 Jun 26
Bought360 One Special Opportunities Fund-Series 11→ 9.28%19 Aug 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 14 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company together with the reports of the Board of Directors and Auditors thereon for the Financial Year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
6.58 cr votes for, 10 against · 0% of mutual funds and other big investors said no
2
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company together with Auditors Report thereon for the Financial Year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
6.58 cr votes for, 10 against · 0% of mutual funds and other big investors said no
3
To appoint Mr. Amit Jain (DIN: 01613364), as a Non-Executive, Non-Independent Director, in place of Mr. Sameer Dileep Nath (DIN: 07551506), Director liable to retire by rotation, who does not seek re-election.
Backed by 99% of shareholders other than promotersneeded 50%
6.55 cr votes for, 3.61 L against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 2 named members
owning 16.2% between them · as of 2026-06-30
GAURAV SINGH KUSHWAHA16.05%
ARPITA TOMAR0.19%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹820 cr raised in Aug 2025 by selling shares to the public

The company has not broken this money down into purposes in its filing for Jun 2026, so there is nothing to measure it against yet. Care Ratings Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.