BLUESTONE share price, P/E, ROE & financials

On 6 Nov 2026, BlueStone Jewellery and Lifestyle was priced at ₹710.85, or 102.6× trailing earnings, against an industry P/E of 19.6×, and the shares are 27% below their 52-week high. Sales grew 47% a year over 3 years, with ROCE of 7.7% and ROE of 5.8%. Debt is 1.29× equity. It is a small-cap company with a market cap of ₹10,867 Cr, ranked 7th of 82 Luxury Goods companies by market cap; the shares rose 2.0% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹723.00
Day high: ₹724.00
Day low: ₹705.40
Prev. close: ₹726.05
Volume: 2.1 L

Health check

1 good · 5 to check

ReturnsBehind
+2.0% over a year, better than 1 of 7 peers.
Price tagPricier
P/E 102.6 vs industry 19.6.
GrowthStrong
Sales +46.8% a year over 3 years.
ProfitabilityWeak
ROCE 7.7% vs peer median 35.1%.
Balance sheetStretched
Debt 1.29× equity, interest covered 1.1×, Piotroski 5 of 9.
Red flags3 to check
Return on equity is low at 5.8%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Luxury Goods

81 listed peers. Screen the industry

Small cap

₹10,867 Cr, #7 of 82 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹2,912 Cr · profit ₹105 Cr

Market cap: ₹10,867 Cr; Small cap
P/E: 102.6; Industry 19.6
Price to book: 5.92; Peers 8.57
Dividend yield: 0.00%
ROE: 5.8%; Peers 29.3%
ROCE: 7.7%; Peers 35.1%
Debt to equity: 1.29; Debt ₹2,374 Cr
EPS (TTM): ₹6.93; Face value ₹1
OPM (TTM): 17.0%; Net margin 3.6%
Sales growth: +45.1%; Latest quarter vs a year ago
Profit growth: n/a; Year-ago quarter not reported
Price to sales: 3.73; EV/EBITDA 35.0

Strengths

Quarterly sales up 45.1% on a year ago.

Risks to check

Return on equity is low at 5.8%.
P/E of 102.6 against an industry P/E of 19.6.
Interest coverage of only 1.9×.

Derived automatically from reported figures. Not a recommendation.

About BlueStone Jewellery and Lifestyle

BlueStone Jewellery and Lifestyle Limited designs, manufactures, and sells fine jewelry products under the BlueStone brand in India. The company offers rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, kadas, studs, cufflinks, nazariyas, mangalsutras, nose pins, nose rings, nose screws, and chains; watch jewelry, including charms, bands, and pins; men's, kid's, platinum, gold, diamond, gemstone, and pearl jewelry; and gold coins. It…

Headquarters: Mumbai
Employees: 2,576
Sector: Consumer Cyclical
ISIN: INE304W01038
Website: bluestone.com

Price range

52 weeks

₹399.80₹969.90

Today

₹705.40₹724.00

Avg volume (3M): 13.3 L
1-year return: plus 2.0%
From 52-week high: minus 26.7%

Analyst consensus

7 analysts

Strong buyMean target ₹886.14 24.7%

Target range, with today’s price

Low ₹825.00High ₹950.00

Today’s price ₹710.85 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Luxury Goods

Compare with peers Screen the whole industry

Company
TITANTitan Company	5,000.00	plus 3.42%	4,43,656	63.1	24.30	38.4%	37.1%	11.6%	29.2%	16.0%	0.30%	plus 26.8%
KALYANKJILKalyan Jewellers India	590.75	plus 5.49%	61,010	42.6	9.66	26.7%	24.3%	6.7%	36.4%	46.1%	0.42%	plus 7.2%
LALITHAALalithaa Jewellery Mart	373.50	plus 0.50%	20,905	21.9	6.37	46.1%	41.6%	5.7%	23.4%	61.8%	0.00%	plus 50.3%
PCJEWELLERPC Jeweller	15.77	plus 1.35%	15,467	17.1	1.65	10.3%	10.8%	24.6%	10.7%	–	0.00%	plus 29.0%
SKYGOLDSKY GOLD AND DIAMONDS	951.95	plus 0.31%	14,743	37.3	10.49	35.9%	33.0%	7.5%	76.0%	145.4%	0.00%	plus 164.3%
THANGAMAYLThangamayil Jewellery	4,148.20	minus 4.32%	12,893	32.9	8.57	34.2%	29.3%	6.5%	39.2%	64.0%	0.43%	plus 42.6%
BLUESTONEBlueStone Jewellery and Lifestyle	710.85	minus 2.09%	10,867	102.6	5.92	7.7%	5.8%	17.0%	46.8%	–	0.00%	plus 2.0%
PNGJLP N Gadgil Jewellers	589.60	minus 1.88%	8,679	16.6	2.87	–	21.4%	6.5%	33.6%	76.7%	0.00%	minus 9.7%
Median of 7 peers	–	0.50%	15,467	32.9	8.57	35.1%	29.3%	6.7%	33.6%	62.9%	0.00%	29.0%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Dec 25	Mar 26	Jun 26	Sep 26
493	748	681	737	745
437	581	556	629	650
55.8	167	126	108	94.9
11.3%	22.3%	18.5%	14.6%	12.7%
11	10.7	13.7	13.9	23
52.9	52.4	52.5	55.4	58.4
48.7	53.6	55.8	60.4	63.9
−34.7	71.5	31.2	6	−4.4
−34.5	71.5	31.2	7	−3.2
-2.28	4.72	1.97	0.44	-0.21

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +46.8%
ROE: 5.8%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
771	1,266	1,770	2,436
–	+64.2%	+39.8%	+37.7%
826	1,209	1,692	2,043
−54.8	56.8	77.8	393
−7.1%	4.5%	4.4%	16.1%
15	33.1	43.2	37.9
65.3	137	204	206
61.7	95.3	147	210
−0.4	−0.3	8.5	−1.7
−167	−142	−222	13.2
−167	−142	−222	14.8
-11.05	-9.40	-14.65	1.18

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
9.6	28.2	29.7	15.2
−88.8	320	851	1,785
822	1,361	1,915	1,984
513	744	737	1,176
1,255	2,453	3,532	4,961
445	609	1,017	1,138
0.8	24.3	7.8	6.1
–	374	162	11.1
258	206	348	795
552	1,240	1,998	3,011
1,255	2,453	3,532	4,961

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
27.1	−181	−666	−199
−205	−382	−84.2	−239
196	595	740	497
18.4	32	−10.4	58.7
−90.1	−98.9	−167	−99
−62.9	−280	−833	−298

Shareholding pattern

Source: NSE filings

16.2%

promoters

Promoters16.21%
Public83.79%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	16.21%	83.79%	minus 0.04
30 Jun 2026	16.25%	83.75%	minus 0.02
31 Mar 2026	16.27%	83.73%	minus 0.09
31 Dec 2025	16.36%	83.64%	0.00
30 Sep 2025	16.36%	83.64%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you