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Bluestone Jewellery and Lifestyle Limited
(BLUESTONE)
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Rating:57Neutral
Price Target:
₹784.00
▲(1.44% Upside)
Action:Reiterated
Date:07/29/26
The score is held back primarily by financial fundamentals—especially persistently negative operating/free cash flow and still-elevated leverage—despite a sharp FY2026 operating improvement. Technicals are a clear positive with price well above major moving averages, but valuation is a notable risk given the very high P/E and no dividend yield data.
Positive Factors
Revenue and margin rebound
The sharp FY2026 operating rebound with materially higher gross and EBITDA margins indicates improved unit economics and better pricing or cost control. Sustained mid‑teens EBITDA margins provide structural capacity to cover SG&A and reinvest in growth, supporting durable profitability scaling.
Negative Factors
Weak cash generation
Persistent negative operating and free cash flow implies the business is not converting earnings into cash, driving reliance on external financing. Over months this pressures liquidity, constrains reinvestment and store/network expansion, and raises funding risk until cash flow turns sustainably positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and margin rebound
The sharp FY2026 operating rebound with materially higher gross and EBITDA margins indicates improved unit economics and better pricing or cost control. Sustained mid‑teens EBITDA margins provide structural capacity to cover SG&A and reinvest in growth, supporting durable profitability scaling.
Read all positive factors
Bluestone Jewellery and Lifestyle Limited (BLUESTONE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹127.64B
Dividend YieldN/A
Average Volume (3M)271.84K
Price to Earnings (P/E)202.1
Beta (1Y)0.07
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees1,943
SectorGeneral
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)-3.10
Shares Outstanding152,749,400
10 Day Avg. Volume611,190
30 Day Avg. Volume271,839
Financial Highlights & Ratios
PEG Ratio-3.84
Price to Book (P/B)3.02
Price to Sales (P/S)2.23
P/FCF Ratio-18.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.3
Revenue Forecast (FY)₹31.58B
Bluestone Jewellery and Lifestyle Limited Business Overview & Revenue Model
Company Description
BlueStone Jewellery & Lifestyle Limited operates in India as a prominent entity specializing in the design, manufacture, and retail of exquisite fine jewelry under its proprietary BlueStone brand. Its extensive product portfolio encompasses a dive...
How the Company Makes Money
BLUESTONE makes money primarily by generating revenue from the sale of jewellery products to customers (i.e., retail sales). Revenue is earned when products are sold through its distribution channels (e.g., physical retail and/or online channels, ...
Bluestone Jewellery and Lifestyle Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
45
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.14B | 24.36B | 17.70B | 12.66B | 7.71B | 4.61B |
| Gross Profit | 796.65M | 10.43B | 6.36B | 4.69B | 2.29B | 1.40B |
| EBITDA | 533.39M | 4.34B | 1.29B | 896.33M | -402.25M | -12.21B |
| Net Income | -517.49M | 131.79M | -2.22B | -1.42B | -1.67B | -12.68B |
Balance Sheet | ||||||
| Total Assets | 44.69B | 49.61B | 35.32B | 24.53B | 12.55B | 5.61B |
| Cash, Cash Equivalents and Short-Term Investments | 6.69B | 8.57B | 3.48B | 2.06B | 2.58B | 1.00B |
| Total Debt | 19.01B | 19.84B | 19.15B | 13.61B | 8.22B | 2.99B |
| Total Liabilities | 27.97B | 31.58B | 26.22B | 20.79B | 13.27B | 23.97B |
| Stockholders Equity | 16.69B | 18.01B | 9.07B | 3.74B | -718.26M | -18.36B |
Cash Flow | ||||||
| Free Cash Flow | -1.30B | -2.98B | -8.33B | -2.80B | -629.40M | 40.98M |
| Operating Cash Flow | -757.31M | -1.99B | -6.66B | -1.81B | 271.34M | 327.64M |
| Investing Cash Flow | -5.55B | -2.39B | -842.33M | -3.82B | -2.05B | -713.83M |
| Financing Cash Flow | 6.53B | 4.97B | 7.40B | 5.95B | 1.96B | 376.90M |
Bluestone Jewellery and Lifestyle Limited Technical Analysis
Negative
772.90
Price Trends
Market Momentum
25.39
Positive
53.68
Neutral
22.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BLUESTONE, the sentiment is Negative. The current price of 772.9 is above the 20-day moving average (MA) of 696.36, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of 25.39 indicates Positive momentum. The RSI at 53.68 is Neutral, neither overbought nor oversold. The STOCH value of 22.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BLUESTONE.
Bluestone Jewellery and Lifestyle Limited Peers Comparison
UnderperformOutperform
Sector (55)
IN:BLUESTONE
Bluestone Jewellery and Lifestyle Limited
821.05
248.05
43.29%
IN:RBZJEWEL
RBZ Jewellers Limited
134.15
-4.65
-3.35%
IN:SREEL
Sreeleathers Ltd.
255.35
24.35
10.54%
Bluestone Jewellery and Lifestyle Limited Corporate Events
BlueStone schedules Singapore non-deal roadshow for investors
Jun 23, 2026
BlueStone Jewellery and Lifestyle Limited has notified the stock exchanges that it will participate in a physical non-deal roadshow with analysts and institutional investors in Singapore on June 30, 2026. The company notes that the schedule may ch...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.