Bluestone Jewel

  • Market Cap: Mid Cap
  • Industry: Gems, Jewellery And Watches
  • ISIN: INE304W01038
  • NSEID: BLUESTONE
  • BSEID: 544484
INR
527.45
-16.45 (-3.02%)
BSENSE

Dec 12

BSE+NSE Vol: 2.93 lacs

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

2.93 lacs (80.00%) Volume

Shareholding (Sep 2025)

FII

35.24%

Held by 39 FIIs

DII

22.99%

Held by 18 DIIs

Promoter

16.36%

Is Bluestone Jewel overvalued or undervalued?

08-Sep-2025

As of September 5, 2025, Bluestone Jewel is classified as risky and overvalued, with troubling financial ratios such as a PE of -41.90 and an EV to EBITDA of 131.13, indicating significant operational challenges compared to its peers like Titan Company and Kalyan Jewellers.

As of 5 September 2025, the valuation grade for Bluestone Jewel has moved from does not qualify to risky, indicating a significant shift in its perceived investment quality. The company is currently overvalued, as evidenced by its troubling financial ratios, including a PE ratio of -41.90, an EV to EBITDA of 131.13, and a ROE of -68.75%. These figures suggest that the company is struggling to generate profits and is facing substantial operational challenges.<BR><BR>In comparison to its peers, Bluestone Jewel's financial metrics stand out unfavorably. For instance, Titan Company has a PE ratio of 87.55, while Kalyan Jewellers shows a PE of 64.79, both indicating a more favorable valuation environment in the industry. Notably, PC Jeweller, classified as very attractive, boasts a PE ratio of 14.94, highlighting the stark contrast in value propositions within the sector. Additionally, while Bluestone Jewel has recently outperformed the Sensex with a 1-week return of 13.3%, this short-term performance does not mitigate the overall overvaluation reflected in its financial health.

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How has been the historical performance of Bluestone Jewel?

04-Nov-2025

Bluestone Jewel faced significant financial challenges in the fiscal year ending March 2025, reporting a net profit of -221.67 crore, high raw material costs, and a profit before tax of -219.90 crore, with an EPS of -62.97. The company also experienced cash flow difficulties, with operating cash flow at -665.00 crore and closing cash equivalents at 48.00 crore.

Answer:<BR>The historical performance of Bluestone Jewel shows significant challenges in the fiscal year ending March 2025, with a consolidated net profit of -221.67 crore and a profit before tax of -219.90 crore. The company reported total operating income of 1,770.00 crore, but faced high raw material costs of 1,721.54 crore, leading to an operating profit (PBDIT) of 135.14 crore. However, after accounting for interest expenses of 207.55 crore and depreciation of 147.49 crore, the gross profit (PBDT) fell to -72.41 crore. The earnings per share (EPS) were reported at -62.97, indicating a challenging financial environment.<BR><BR>Breakdown:<BR>In the fiscal year ending March 2025, Bluestone Jewel generated net sales of 1,770.00 crore, with total operating income matching this figure. The company incurred substantial raw material costs of 1,721.54 crore, which, along with other expenses, resulted in a total expenditure of 1,694.89 crore. This led to an operating profit (PBDIT) of 75.11 crore, but after including other income, the total operating profit was 135.14 crore. Despite this, high interest expenses of 207.55 crore and depreciation of 147.49 crore contributed to a profit before tax of -219.90 crore, which translated to a profit after tax of -219.90 crore as well. The company's total liabilities stood at 3,532.28 crore, with total assets also at 3,532.28 crore, indicating a balance sheet under pressure. The cash flow from operating activities was reported at -665.00 crore, reflecting ongoing cash flow difficulties, while the closing cash and cash equivalents were down to 48.00 crore.

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Are Bluestone Jewel latest results good or bad?

05-Nov-2025

Bluestone Jewel's latest results show mixed performance, with a 6.80% revenue increase and improved operating margins, but it still faces challenges with a net loss of ₹34.52 crores and high interest expenses. While there are signs of operational improvement, the ongoing losses and thin profit margins suggest caution for potential investors.

Bluestone Jewel's latest results present a mixed picture. On one hand, the company has shown some positive trends, such as a 6.80% increase in revenue quarter-over-quarter, reaching ₹492.68 crores, and a significant improvement in operating margins, which rose to 11.32% from 5.86%. Additionally, the net loss of ₹34.52 crores represents a 32.46% improvement compared to the previous quarter, indicating progress in reducing losses.<BR><BR>However, despite these improvements, the company continues to face significant challenges. The operational gains are overshadowed by high interest expenses, which accounted for 10.74% of revenue, and substantial depreciation costs. The gross profit margin remains very thin at 3.04%, and the company is still not profitable, with a negative PAT margin of -7.05%. <BR><BR>The overall financial health raises concerns about the sustainability of the business model, particularly given the competitive landscape in the jewellery sector. While the stock has performed well in the short term, with a 16.13% gain over the past month, the underlying issues of persistent losses and high leverage suggest caution for potential investors. <BR><BR>In summary, while there are signs of operational improvement, the continued net losses and structural cost burdens indicate that the results are not entirely positive and warrant careful consideration.

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Should I buy, sell or hold Bluestone Jewel?

05-Nov-2025

Why is Bluestone Jewel falling/rising?

14-Dec-2025

As of 13-Dec, Bluestone Jewellery & Lifestyle Ltd's stock price is declining at Rs 528.00, down 3.05%, and is trading below all moving averages while nearing its 52-week low. Weak financial fundamentals, reduced investor participation, and a significant profit decline contribute to the stock's poor performance.

As of 13-Dec, Bluestone Jewellery & Lifestyle Ltd's stock price is falling, currently at Rs 528.00, reflecting a decrease of Rs 16.6 or 3.05%. The stock has underperformed its sector by 3.9% today and is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the stock is close to its 52-week low, just 3.67% away from Rs 508.6.<BR><BR>Investor participation has also declined, with delivery volume dropping by 33.59% compared to the 5-day average. This reduced trading activity indicates a lack of confidence among investors. The company's financial fundamentals are weak, highlighted by an average Return on Capital Employed (ROCE) of 0% and a high Debt to EBITDA ratio of 12.27 times, suggesting a low ability to service debt. Furthermore, the stock has seen a significant profit decline of 54% over the past year, while the proportion of pledged promoter shares has increased by 37.21% in the last quarter, adding further downward pressure in a falling market. These factors collectively contribute to the stock's current decline.

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iScoreScore
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Strong Sell
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Strong Buy

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Dashboard
1

Weak Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 0%

  • Poor long term growth as Operating profit has grown by an annual rate 17.98% of over the last 5 years
  • Low ability to service debt as the company has a high Debt to EBITDA ratio of 12.27 times
2

Flat results in Sep 25

 
3

Risky - Negative Operating Profits

4

37.21% of Promoter Shares are Pledged

stock-summaryMojo Parameters
Mojo Parameters
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Stock DNA
stock-summary
Industry

Gems, Jewellery And Watches

stock-summary
Market cap

INR 8,264 Cr (Mid Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

59

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.73

stock-summary
Return on Equity

-13.05%

stock-summary
Price to Book

4.90

Revenue and Profits:
Net Sales:
514 Cr
(Quarterly Results - Sep 2025)
Net Profit:
-52 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
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Company does not have enough history
Risk Adjusted Returns v/s stock-summary
Returns Beta
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Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions
News

Why is Bluestone Jewel falling/rising?

Recent Price Movement and Market Performance

Bluestone Jewellery’s shares closed at ₹528.00, down ₹19.80 or 3.61% on 05-Dec, continuing a downward trend that has persisted for three consecutive days. Over the past week, the stock has declined by 5.43%, significantly underperforming the Sensex, which remained flat with a marginal 0.01% gain. The one-month performance is even more concerning, with the stock plunging 25.76% while the benchmark index advanced by 2.70%. This stark contrast highlights the stock’s vulnerability amid broader market resilience.

Intraday trading on 05-Dec saw the stock touch a low of ₹524, representing a 4.34% drop from previous levels, with heavier volumes concentrated near these lower prices. This suggests selling pressure dominated the sessio...

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Announcements stock-summary
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No announcement available
Corporate Actions stock-summary
stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
51.50%
EBIT Growth (5y)
17.98%
EBIT to Interest (avg)
-0.81
Debt to EBITDA (avg)
24.88
Net Debt to Equity (avg)
2.40
Sales to Capital Employed (avg)
0.63
Tax Ratio
0
Dividend Payout Ratio
0
Pledged Shares
37.21%
Institutional Holding
67.73%
ROCE (avg)
-2.69%
ROE (avg)
0
Valuation key factors
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
59
Price to Book Value
4.76
EV to EBIT
-128.68
EV to EBITDA
121.39
EV to Capital Employed
3.17
EV to Sales
5.20
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-2.47%
ROE (Latest)
-13.05%
Technicals key factors
Indicator
Weekly
Monthly
Icon
No records
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

FIIs

Pledged Promoter Holdings

37.2148

Mutual Funds

Held by 6 Schemes (5.31%)

FIIs

Held by 39 FIIs (35.24%)

Promoter with highest holding

Gaurav Singh Kushwaha (16.17%)

Highest Public shareholder

Accel India Iii (mauritius) Ltd (8.95%)

Individual Investors Holdings

12.53%

stock-summaryFinancial
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          "field": "Exceptional Items",
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          "field": "Standalone Net Profit",
          "val1": "-192.33",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
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        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "2.15%",
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Quarterly Results Snapshot (Standalone) - Sep'25 - QoQstock-summary
Sep'25
Jun'25
Change(%)
Net Sales
513.09
492.58
4.16%
Operating Profit (PBDIT) excl Other Income
42.73
56.59
-24.49%
Interest
52.23
52.77
-1.02%
Exceptional Items
0.00
0.00
Standalone Net Profit
-49.11
-32.79
-49.77%
Operating Profit Margin (Excl OI)
8.33%
11.49%
-3.16%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Sep 2025 is 4.16% vs 6.78% in Jun 2025

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Sep 2025 is -49.77% vs 32.59% in Jun 2025

Half Yearly Results Snapshot (Standalone) - Sep'25stock-summary
Sep'25
Sep'24
Change(%)
Net Sales
1,005.67
721.61
39.36%
Operating Profit (PBDIT) excl Other Income
99.31
-2.41
4,220.75%
Interest
105.00
100.39
4.59%
Exceptional Items
0.00
0.00
Standalone Net Profit
-81.90
-143.69
43.00%
Operating Profit Margin (Excl OI)
9.88%
-0.33%
10.21%
Values in Rs Cr.
Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

Nine Monthly Results Snapshot (Standalone) - Mar'25stock-summary
Mar'25
Change(%)
Net Sales
1,182.91
NA
NA
Operating Profit (PBDIT) excl Other Income
25.46
NA
NA
Interest
154.86
NA
NA
Exceptional Items
0.00
NA
NA
Standalone Net Profit
-192.33
NA
NA
Operating Profit Margin (Excl OI)
2.15%
NA%
NA
Values in Rs Cr.
Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

Annual Results Snapshot (Standalone) - Mar'25stock-summary
Mar'25
Mar'24
Change(%)
Net Sales
1,770.00
1,265.84
39.83%
Operating Profit (PBDIT) excl Other Income
75.89
53.05
43.05%
Interest
207.54
137.67
50.75%
Exceptional Items
0.00
0.00
Standalone Net Profit
-219.21
-142.24
-54.11%
Operating Profit Margin (Excl OI)
4.29%
4.19%
0.10%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 39.83% vs 64.24% in Mar 2024

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2025 is -54.11% vs 14.95% in Mar 2024

stock-summaryCompany CV
About Bluestone Jewellery & Lifestyle Ltd stock-summary
stock-summary
Bluestone Jewellery & Lifestyle Ltd
Mid Cap
Gems, Jewellery And Watches
BlueStone Jewellery and Lifestyle Limited was originally incorporated as "New Age E Commerce Services Private Limited" on July 22, 2011. Subsequently, Company's name was changed to "BlueStone Jewellery and Lifestyle Private Limited", pursuant to a fresh certificate of incorporation issued by the RoC on November 25, 2013. Thereafter, the status was converted to a public limited company dated November 8, 2024 issued by the RoC.
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