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Bluestone Jewellery and Lifestyle Limited
(BLUESTONE)
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Rating:57Neutral
Price Target:
₹921.00
▲(19.16% 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 Expansion
FY2026 revenue rose to 24.36B from 17.70B, while gross margin expanded to about 43% and EBITDA margin reached about 17.8%. This combination signals stronger operating scale and economics, giving the retail model more capacity to absorb costs and reinvest if maintained.
Negative Factors
Negative Cash Generation
Operating cash flow of -1.99B and free cash flow of -2.98B in FY2026 show that reported earnings are not yet converting into cash. Persistent cash absorption can increase funding needs, restrict reinvestment flexibility, and keep liquidity pressure elevated while the company grows.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Expansion
FY2026 revenue rose to 24.36B from 17.70B, while gross margin expanded to about 43% and EBITDA margin reached about 17.8%. This combination signals stronger operating scale and economics, giving the retail model more capacity to absorb costs and reinvest if maintained.
Read all positive factors
Bluestone Jewellery and Lifestyle Limited (BLUESTONE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹136.02B
Dividend YieldN/A
Average Volume (3M)235.57K
Price to Earnings (P/E)216.0
Beta (1Y)>-0.01
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees2,576
SectorGeneral
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)-3.10
Shares Outstanding152,778,700
10 Day Avg. Volume57,472
30 Day Avg. Volume235,569
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)3.98
Revenue Forecast (FY)₹32.45B
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
Positive
772.90
Price Trends
770.24
Positive
640.70
Positive
562.95
Positive
Market Momentum
25.47
Negative
66.03
Neutral
85.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BLUESTONE, the sentiment is Positive. The current price of 772.9 is below the 20-day moving average (MA) of 830.55, above the 50-day MA of 770.24, and above the 200-day MA of 562.95, indicating a bullish trend. The MACD of 25.47 indicates Negative momentum. The RSI at 66.03 is Neutral, neither overbought nor oversold. The STOCH value of 85.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BLUESTONE.
Bluestone Jewellery and Lifestyle Limited Peers Comparison
UnderperformOutperform
Sector (55)
IN:BLUESTONE
Bluestone Jewellery and Lifestyle Limited
890.30
269.40
43.39%
IN:RBZJEWEL
RBZ Jewellers Limited
174.40
35.45
25.51%
IN:SREEL
Sreeleathers Ltd.
333.45
98.67
42.03%
Bluestone Jewellery and Lifestyle Limited Corporate Events
BlueStone Closes Trading Window Ahead of Key Compliance Appointment
Aug 26, 2026
BlueStone Jewellery and Lifestyle Limited has announced the closure of its trading window for company securities starting August 27, 2026, in line with SEBI (Prohibition of Insider Trading) Regulations, 2015 and its internal code of conduct govern...
BlueStone moves AGM communications fully online and shifts to virtual meeting format
Aug 15, 2026
BlueStone Jewellery and Lifestyle Limited has notified the stock exchanges that it has published newspaper advertisements in Financial Express and Vishwavani regarding its upcoming 15th Annual General Meeting. These notices explain that AGM commun...
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.