Bluestone Jewellery And Lifestyle Annual Reports, Balance Sheet and Financials
Last Traded Price 700.00 + 0.00 %
Last Traded Price 700.00 + 0.00 %
| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Bluestone Jewellery And Lifestyle Limited |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Non-current assets |
|
|
|
Property, plant and equipment |
1,238.25 |
853.38 |
|
Right-of-use assets |
4,610.36 |
3,590.00 |
|
Capital Work-in-progress |
166.64 |
8.01 |
|
Other Intangible Assets |
1.91 |
2.91 |
|
Other financial assets |
4,106.05 |
216.26 |
|
Non-current tax assets (net) |
36.33 |
12.72 |
|
Other non-current assets |
1,001.77 |
661.65 |
|
Current assets |
|
|
|
Inventories |
9,912.21 |
3,953.17 |
|
Loans |
0.39 |
12.07 |
|
Trade Receivables |
23.77 |
10.64 |
|
Cash and cash equivalents |
591.35 |
271.00 |
|
Bank balances other than above |
473.61 |
2,318.61 |
|
Other financial assets |
2,193.96 |
521.96 |
|
Other current assets |
178.32 |
122.49 |
|
Total Assets |
24,534.92 |
12,554.87 |
|
Equity |
|
|
|
Equity
Share capital |
278.95 |
92.29 |
|
Other Equity |
3,462.77 |
(810.55) |
|
Non-Current liabilities |
|
|
|
Borrowings |
1,851.40 |
442.19 |
|
Lease liabilities |
4,301.18 |
3,318.98 |
|
Other Financial Liabilities |
325.10 |
1,610.63 |
|
Provisions |
33.93 |
45.79 |
|
Current liabilities |
|
|
|
Borrowings |
2,452.86 |
1,841.99 |
|
Gold on Loan |
4,424.61 |
2,212.42 |
|
Lease liabilities |
588.06 |
410.33 |
|
Trade Payables: |
|
|
|
Total outstanding dues of micro and
small enterprises |
418.55 |
130.95 |
|
Total outstanding dues of creditors other than Micro and Small Enterprises |
1,748.94 |
652.82 |
|
Other financial liabilities |
2,712.60 |
1,563.99 |
|
Provisions |
20.52 |
3.22 |
|
Other Current liabilities |
1,915.45 |
1,039.82 |
|
Total Equity and Liabilities |
24,534.92 |
12,554.87 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Revenue from Operation |
12,658.39 |
7,707.26 |
|
Other Income |
376.52 |
171.68 |
|
Total
Income |
13,034.91 |
7,878.94 |
|
Expenses |
|
|
|
Cost of raw materials consumed |
12,346.71 |
7,176.00 |
|
Change in inventories of finished
goods, WIP and stock-in-trade |
(4,803.30) |
(1,924.79) |
|
Employee Benefit Expense |
1,384.25 |
911.96 |
|
Finance Cost |
1,376.71 |
666.85 |
|
Depreciation and Amortisation Expense |
952.66 |
616.94 |
|
Other Expenses |
3,200.24 |
2,104.42 |
|
Total
Expense |
14,457.27 |
9,551.38 |
|
Profit/Loss
before tax |
(1,422.36) |
(1,672.44) |
|
Tax expenses |
- |
- |
|
Profit
after tax |
(1,422.36) |
(1,672.44) |
|
Other
comprehensive income |
|
|
|
Items that will not be reclassified to
profit or loss: |
|
|
|
Remeasurement of defined benefit
liability/(asset) |
9.77 |
1.41 |
|
Total
comprehensive income for the year |
(1,412.59) |
(1,671.03) |
|
Earnings
per Equity Share (Nominal value of INR 1 each) |
|
|
|
Basic |
(78.36) |
(92.14) |
|
Diluted |
(78.36) |
(92.14) |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Cash Flow from
Operating Activities |
|
|
|
Loss before Tax |
(1,422.36) |
(1,672.44) |
|
Adjustments For: |
|
|
|
Depreciation and
Amortization |
952.66 |
616.94 |
|
Expense on
employee stock option scheme |
292.58 |
194.47 |
|
Finance Costs |
1,366.03 |
653.25 |
|
Interest
income |
(250.58) |
(97.86) |
|
(Profit)/Loss
on sale of property, plant and equipment (net) |
(19.43) |
3.94 |
|
Provision for
expected credit loss |
- |
0.96 |
|
Bad debts
written off |
2.75 |
- |
|
Provision
for doubtful debt and other receivables |
1.20 |
- |
|
Provision for
balance with Government authorities |
- |
72.18 |
|
Rent waiver on
lease liabilities |
- |
(0.09) |
|
Liabilities no
longer required written back |
(96.71) |
(55.00) |
|
Gain on
termination of lease |
(7.96) |
(5.55) |
|
Unwinding of interest on financial assets carried at amortised cost |
- |
(11.32) |
|
Operating Profit/(Loss) before Working Capital Charges |
818.18 |
(300.52) |
|
Working Capital
adjustments: |
|
|
|
(Increase)/
Decrease in Inventories |
(5,959.04) |
(2,291.94) |
|
(Increase)/
Decrease in Trade Receivables |
(17.07) |
38.38 |
|
(Increase)/
Decrease in Loans |
11.68 |
(2.99) |
|
Decrease/(increase)
in other financial assets |
(520.42) |
(534.80) |
|
Decrease/(increase)
in other assets |
(319.12) |
(410.90) |
|
(Increase)/
Decrease in Trade Payables |
1,480.43 |
50.32 |
|
(Increase)/
Decrease in gold on loan |
2,212.19 |
1,383.94 |
|
(Increase)/
Decrease in other financial liabilities |
(320.50) |
2,025.35 |
|
(Increase)/ Decrease
in Provisions |
15.21 |
(253.92) |
|
(Increase)/
Decrease in other current liabilities |
810.43 |
573.70 |
|
Cash generated from Operating Activities |
(1,788.03) |
276.62 |
|
Income-tax
paid (net) |
(23.61) |
(5.27) |
|
Net Cash Flow (Used in)/ Generated from Operating Activates |
(1,811.64) |
271.35 |
|
Cash Flow from
Investing Activities |
|
|
|
Investment in
fixed deposits |
(3,276.26) |
(1,394.11) |
|
Payment
for purchase of property, plant and equipment |
(989.08) |
(900.74) |
|
Proceeds
from sale of property, plant and equipment |
172.34 |
189.54 |
|
Interest received
on fixed deposits |
276.52 |
57.01 |
|
Net Cash Flow (Used in)/ Generated from Investing Activities |
(3,816.48) |
(2,048.30) |
|
Cash Flow from
Financing Activities |
|
|
|
Interest paid |
(1,056.65) |
(434.10) |
|
Proceeds
from issue of equity shares |
- |
90.20 |
|
Proceeds
from issue of preference shares |
5,877.53 |
756.99 |
|
Settlement
of cash settled ESOP liability |
(117.96) |
- |
|
Proceeds
from borrowings |
4,393.28 |
2,125.69 |
|
Repayment
of borrowings |
(2,373.20) |
(65.01) |
|
Repayment
of lease liabilities |
(774.53) |
(512.93) |
|
Net Cash Flow (Used in)/ Generated from Financing Activities |
5,948.47 |
1,960.84 |
|
Net Changes in Cash and cash equivalents during the year |
320.35 |
183.88 |
|
Cash and cash
equivalents at beginning of the year |
271.00 |
87.12 |
|
Cash and cash
equivalents at the end of the year |
591.35 |
271.00 |
Here is a summary of the Cash Flow Statement for the years 2024 and 2023:
Cash Flow from
Operating Activities
For the year ending 31st March
2024, the company had a net outflow of ₹1,811.64 million
from operating activities, compared to a small inflow of ₹271.35 million in the previous year. This sharp
decline was mainly due to a loss before tax and major increases in working
capital needs especially a rise in inventories (₹5,959
million) and other financial assets.
Although the company added back depreciation, finance costs, and other non-cash
items, these were not enough to offset the working capital pressure.
Cash Flow from Investing Activities
The company experienced a net outflow of ₹3,816.48 million in 2024 from investing
activities, which was significantly higher than the ₹2,048.30 million outflow
in the previous year. The major reason for this increase was higher investment
in fixed deposits (₹3,276.26 million)
and capital expenditure on property and
equipment, even though some inflow came from the sale of assets and interest income.
Cash Flow from Financing Activities
In contrast, financing activities generated a
strong inflow of ₹5,948.47 million in 2024, much higher than
₹1,960.84 million in 2023. This was mainly due to the issue of preference shares (₹5,877.53 million) and new borrowings, which covered repayments and interest
paid. This strong financing support helped manage the cash deficit from
operations and investing.
Net Changes in Cash and cash equivalents
As a result of the financing inflows, the company ended
the year with a net cash increase of ₹320.35
million, up from ₹183.88 million last year. The closing cash balance stood at ₹591.35 million, compared
to ₹271.00 million in the previous year, reflecting an improved liquidity
position despite operational and investment pressures.
|
2024 |
2023 |
|
|
Current Ratio |
0.94 |
0.92 |
|
Debt-Equity Ratio |
2.46 |
(8.37) |
|
Debt Service
Coverage Ratio |
(0.00) |
(0.17) |
|
Return on Equity |
-94% |
-18% |
|
Inventory Turnover
Ratio |
1.09 |
1.87 |
|
Trade Receivables
Turnover Ratio |
735.86 |
254.29 |
|
Trade Payables
Turnover Ratio |
7.28 |
9.69 |
|
Net Capital
Turnover Ratio |
(16.30) |
(19.57) |
|
Net Profit Ratio |
-11% |
-22% |
|
Return on Capital
Employed |
-1% |
-118% |
|
Return on
Investment |
-6% |
-13% |
Here is a summary of the Financial Ratio for the
years 2024 and 2023:
Current Ratio
The current ratio slightly
increased from 0.92 in 2023 to 0.94 in 2024. This means the company still has
less than ₹1 in current assets for every ₹1 of current liabilities, showing
that it may face challenges in meeting short-term obligations.
Debt-Equity Ratio
The debt-equity ratio shifted
from a negative (–8.37) in 2023 to a positive 2.46 in 2024. This change likely
indicates improved financial structuring, but a ratio above 2 still suggests
heavy reliance on borrowed funds.
Debt Service Coverage Ratio
The ratio remained negative
in both years, at (–0.17) in 2023 and close to zero in 2024. This shows the
company is still struggling to generate enough income to cover its debt
repayments.
Return on Equity (ROE)
ROE worsened significantly,
dropping from (–18%) in 2023 to (–94%) in 2024. This means the company has
faced larger losses in relation to shareholders’ equity, which is a concerning
sign for investors.
Inventory Turnover Ratio
The ratio fell from 1.87 to
1.09, indicating that the company is taking longer to sell its inventory, which
may lead to overstocking or inefficiencies in inventory management.
Trade Receivables Turnover Ratio
This improved sharply from
254.29 to 735.86, showing that the company is collecting receivables much
faster. This is a very positive sign for cash flow.
Trade Payables Turnover Ratio
The ratio decreased from 9.69
to 7.28, meaning the company is taking a bit longer to pay its suppliers. This
may help with short-term cash but could affect supplier relationships.
Net Capital Turnover Ratio
The ratio remained negative
but improved slightly from (–19.57) to (–16.30), showing the company is still
not efficiently using its capital to generate revenue, although the situation
has slightly improved.
Net Profit Ratio
The net profit ratio improved
from (–22%) to (–11%), which means the company is still in loss but the losses
have reduced compared to last year.
Return on Capital Employed (ROCE)
ROCE improved from (–118%) to
(–1%), which, although still negative, shows a major improvement in how the
company is using its capital.
Return on Investment (ROI)
ROI increased from (–13%) in
2023 to (–6%) in 2024, indicating that the company is still making losses on
investments, but the situation is getting better.
