---
title: "Palm Jewels Ltd (PALMJEWELS) — Share Price, Financials & Analysis"
symbol: "541444"
company: "Palm Jewels Ltd"
canonical: "https://tapetide.com/stocks/541444"
isin: "INE838Z01012"
bse_code: "541444"
sector: "Commercial Services"
industry: "Trading & Distributors"
market_cap_cr: 23.1
generated_at: "2026-10-15T11:26:06.947Z"
---

# Palm Jewels Ltd (PALMJEWELS)

Canonical page: https://tapetide.com/stocks/541444

## Company

- **BSE Code:** 541444
- **ISIN:** INE838Z01012
- **Sector:** Commercial Services
- **Industry:** Trading & Distributors
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2018-06-12
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** palmjewels.com

## About

Incorporated in 2005, Palm Jewels Ltd manufactures and sells gold jewellery and articles of various designs/specifications.[1]

## Latest Price

- **Price:** ₹23
- **Change:** +1 (+4.55%)
- **Open:** ₹22.25
- **Day High:** ₹23.1
- **Day Low:** ₹21.55
- **Previous Close:** ₹22
- **Volume:** 20359
- **As Of:** 2026-10-15T11:00:42+00:00

## Key Fundamentals

Price-based figures as of 2026-10-15T16:30:42+05:30.

Observed at 2026-10-15T04:51:10.963688Z.

- **Market Cap:** ₹23.1 Cr
- **Classification:** Microcap
- **P/E (TTM):** 23.96
- **EPS (TTM):** ₹0.96
- **Book Value:** ₹16.41
- **Price to Book:** 1.4
- **Dividend Yield:** 0%
- **ROE:** 6.05%
- **ROCE:** 8.78%
- **Debt to Equity:** 0.19
- **Revenue (yearly):** ₹185.3 Cr
- **Net Income:** ₹1 Cr
- **EBITDA:** ₹1.6 Cr
- **52-Week High:** ₹25
- **52-Week Low:** ₹14.12
- **RSI (14):** 69.93

## Tapetide Score

- **Score:** 54 / 100
- **Score date:** 2026-10-14
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 65.4 (of 4490 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 67.9 | 9% |
| growth | 42.47 | 9% |
| momentum | 93.48 | 12% |
| ownership | 50 | 24% |
| quality | 52.7 | 22% |
| valuation | 42.81 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company's median sales growth is 53.2% of last 10 years

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 4.09% over last 3 years.
- Promoter holding has decreased over last 3 years: -3.89%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 131.78% | -75.45% | 134.17% |
| ebitda margin growth | 33.33% | 58.18% | 81.25% | 77.55% |
| net income growth | 0% | 100% | 49% | 38% |
| revenue growth | -18.05% | -2.37% | 23% | 19% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 33.79 | 56.79 | 40.23 | 32.56 | 49.53 | 70.07 | 37.59 | 36.25 | 41.59 | 58.2 | 49.24 | 40.36 |
| Expenses | 33.67 | 56.62 | 39.97 | 32.33 | 49.17 | 69.86 | 37.39 | 35.85 | 41.27 | 57.61 | 48.97 | 40 |
| Operating Profit | 0.12 | 0.17 | 0.26 | 0.23 | 0.36 | 0.21 | 0.2 | 0.4 | 0.32 | 0.59 | 0.27 | 0.36 |
| OPM % | 0.36 | 0.3 | 0.65 | 0.71 | 0.73 | 0.3 | 0.53 | 1.1 | 0.77 | 1.01 | 0.55 | 0.89 |
| Other Income | 0 | 0.04 | 0.03 | 0 | 0 | 0.02 | 0.02 | 0.01 | 0.01 | 0 | 0.01 | 0.01 |
| Interest | 0.06 | 0.04 | 0.04 | 0.01 | 0.04 | 0.04 | 0.09 | 0.03 | 0.04 | 0.02 | 0.01 | 0.03 |
| Depreciation | 0.02 | 0.02 | 0.09 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Profit before tax | 0.04 | 0.15 | 0.16 | 0.18 | 0.28 | 0.15 | 0.09 | 0.34 | 0.25 | 0.53 | 0.23 | 0.3 |
| Tax % | 25 | 26.67 | 18.75 | 27.78 | 17.86 | 40 | 11.11 | 26.47 | 24 | 24.53 | 34.78 | 30 |
| Net Profit | 0.03 | 0.11 | 0.13 | 0.14 | 0.24 | 0.09 | 0.07 | 0.25 | 0.19 | 0.4 | 0.15 | 0.22 |
| EPS in Rs | 0.03 | 0.11 | 0.13 | 0.14 | 0.24 | 0.09 | 0.07 | 0.25 | 0.19 | 0.4 | 0.15 | 0.22 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 22 | 42 | 47 | 78 | 114 | 100 | 161 | 190 | 185 | 189 |
| Expenses | 21 | 42 | 47 | 78 | 113 | 99 | 160 | 189 | 184 | 188 |
| Operating Profit | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 2 | 2 |
| OPM % | 0.7 | 0.4 | 0.3 | 0.6 | 0.5 | 0.5 | 0.4 | 0.5 | 0.9 | 0.8 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Tax % | 33 | 18 | 25 | 23 | 28 | 22 | 27 | 24 | 26 | — |
| Net Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| EPS in Rs | 0.15 | 0.09 | 0.06 | 0.2 | 0.26 | 0.3 | 0.34 | 0.54 | 1 | 0.96 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.32 | 4 | 7 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 0 | 0 | 6 | 4 | 4 | 4 | 5 | 5 | 5 | 6 |
| Borrowings | 0 | 1 | 1 | 1 | 3 | 4 | 2 | 1 | 4 | 3 |
| Other Liabilities | 1 | 0 | 1 | 2 | 1 | 1 | 0 | 1 | 1 | 1 |
| Total Liabilities | 2 | 6 | 15 | 16 | 18 | 19 | 17 | 17 | 20 | 20 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 2 | 6 | 15 | 16 | 17 | 18 | 16 | 16 | 19 | 20 |
| Total Assets | 2 | 6 | 15 | 16 | 18 | 19 | 17 | 17 | 20 | 20 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 0 | -9 | 0 | -2 | -1 | 3 | 3 | -2 | 1 |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 | 0 | 0 |
| Cash from Financing Activity | 0 | 0 | 9 | 0 | 2 | 1 | -2 | -1 | 3 | -1 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -1 |
| Free Cash Flow | 0 | 0 | -9 | 0 | -2 | -1 | 2 | 3 | -2 | 1 |
| CFO/OP | 500 | 0 | -5000 | 193 | -448 | -115 | 574 | 430 | -216 | 52 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 8 | 54 | 5 | 2 | 1 | 1 | 2 | 1 | 1 | 0 |
| Inventory Days | 94 | 39 | 120 | 118 | — | — | 55 | 33 | 33 | 36 |
| Days Payable | 80 | 3 | 4 | 14 | — | — | 1 | 2 | 1 | 2 |
| Cash Conversion Cycle | 23 | 90 | 121 | 106 | 1 | 1 | 56 | 32 | 33 | 34 |
| Working Capital Days | 12 | 89 | 122 | 107 | 63 | 43 | 57 | 33 | 27 | 31 |
| ROCE % | 6 | 5 | 2 | 1 | 2 | 3 | 3 | 4 | 5 | 8 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 47.25% | 47.25% | 47.25% | 43.36% | 43.36% | 43.36% | 43.36% | 43.36% | 43.36% | 43.36% | 43.36% | 43.36% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 30.6% | 29.31% | 26.52% | 30.77% | 29.82% | 24.48% | 25.41% | 24.37% | 23.62% | 22.99% | 22.92% | 22.84% |
| Others | 22.15% | 23.45% | 26.23% | 25.87% | 26.82% | 32.16% | 31.22% | 32.26% | 33.01% | 33.64% | 33.72% | 33.8% |
| No. of Shareholders | 3300 | 3114 | 2990 | 4408 | 4321 | 4693 | 4440 | 4503 | 4437 | 4531 | 4489 | 4437 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 6 / 0

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 21.32 | Buy |
| EMA (10) | 20.86 | Buy |
| SMA (20) | 18.51 | Buy |
| EMA (20) | 19.32 | Buy |
| SMA (50) | 16.51 | Buy |
| EMA (50) | 17.39 | Buy |
| SMA (100) | 15.92 | Buy |
| EMA (100) | 16.76 | Buy |
| SMA (200) | 16.73 | Buy |
| EMA (200) | 17.88 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 68.62 | Neutral |
| MACD (12,26,9) | 1.8 | Buy |
| Stochastic (14,3,3) | 79.04 | Neutral |
| ADX (14) | 48.48 | Buy |
| Williams %R (14) | -21.37 | Neutral |
| ATR (14) | 1.3 | High Volatility |
| ROC (12) | 37.67 | Buy |
| Stoch RSI (14) | 55.14 | Neutral |
| UO (7,14,28) | 54.29 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-04-20 | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A](https://www.bseindia.com/xml-data/corpfiling/AttachHis/03f46f03-df3e-4453-9460-9546913b18c7.pdf) |
| 2026-04-20 | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6ccb1423-c6ee-4054-a1b1-01007b096977.pdf) |
| 2026-04-20 | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A](https://www.bseindia.com/xml-data/corpfiling/AttachLive/03f46f03-df3e-4453-9460-9546913b18c7.pdf) |
| 2026-04-20 | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2](https://www.bseindia.com/xml-data/corpfiling/AttachLive/6ccb1423-c6ee-4054-a1b1-01007b096977.pdf) |
| 2026-04-03 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a8b233dc-8ee8-413d-8d53-c88a3e72a904.pdf) |
| 2026-03-21 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d4f0053b-d420-4fd3-b821-e1cf6e01a408.pdf) |
| 2026-03-05 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachLive/32924a31-5b8d-4959-a9c9-9797bb5f6280.pdf) |
| 2026-02-20 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachHis/632d8a41-3b38-4316-a22b-3c675b08dea4.pdf) |
| 2026-02-17 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2ab0d3de-ee63-468c-885e-15a67914a7a5.pdf) |
| 2026-02-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4daee135-fc54-421f-bbc0-a07ac96171ca.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2026 | [Annual Report 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/950b3e95-d9c2-4001-ade1-0fd11f2ddde1.pdf) |
| 2025 | [Annual Report 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/43e72c79-6697-4d22-b39d-af6c6cd28db8.pdf) |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ef746153-7743-4fde-bdf8-7ac1f9a011e4.pdf) |
| 2024 | [Annual Report 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/056079bd-0222-4f9d-87a3-5886d2ddea92.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7fcb5044-9059-4019-b100-bd395ee6049d.pdf) |
| 2023 | [Annual Report 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6abd7c58-5302-48e8-8582-4d39083e5fdc.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/48b47fbe-66a5-41f8-a2e8-19475d7ad074.pdf) |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport/541444/76910541444.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/532387/74083532387.pdf) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/541444/71879541444.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-10-05 | [Announcement Under Reg. 30 - Reply To The Clarification Sought On Movement In Price Of The Shares Across Exchanges Of Shares Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67b016ad-117e-49a2-8e3e-85b8413dfa96.pdf) |
| 2026-10-03 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0a5d7b42-2758-4d41-b875-e66664984260.pdf) |
| 2026-09-30 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b135c533-443e-4728-82fd-cf14be1cc0d5.pdf) |
| 2026-09-29 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a0050b73-ea13-432e-bd21-e6c28642774a.pdf) |
| 2026-09-25 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cb77068f-1594-437a-a58a-5684e3311e2d.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ea0d4217-60d5-4331-8753-6c78e835953a.pdf) |
| 2026-09-05 | [Intimation Of Shareholders Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7aa40534-adc9-4577-9830-0f98a52f0605.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=950b3e95-d9c2-4001-ade1-0fd11f2ddde1.pdf) |
| 2026-09-04 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=392e31af-3ae0-4f02-b8f3-fb5b386cd5eb.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7ffbdf3-0e27-4e50-bdaa-8962019240d3.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Results- Financial Result For Jul 302026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cf1b3619-2f63-49cc-b6ad-21289c2e0291.pdf) |
| 2026-05-26 | [Declaration Of Audited Results For The Financial Year Ended 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f8da3141-eb0d-419e-bc14-b6bf5477e238.pdf) |
| 2026-02-13 | [Results For The Quarter And Nine Months Ending 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1b51c145-ede9-4506-9964-9e727dd77cf6.pdf) |
| 2025-11-12 | [Results For The Quarter And Half Year Ending 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0691e666-71df-4dca-a34a-5629bb6d77dc.pdf) |
| 2025-08-12 | [Unaudited Standalone Financial Results For The Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e2ddb20b-735a-4f70-942a-28d69ed6332e.pdf) |
| 2025-05-27 | [Result For The Financial Year Ending 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1be1a3da-cdcf-4991-804f-ccd6af5d8cd8.pdf) |
| 2025-02-11 | [Result For The Quarter And Nine Months Period Ending 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c90b8849-557e-4357-b982-448c7226870f.pdf) |
| 2024-11-13 | [Unaudited Results For The Quarter And Half Year Ended 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f3bad287-8962-4ec7-b337-a1e21f3f65ca.pdf) |
| 2024-08-05 | [Unaudited Financial Results For The Quarter Ended 30Th June 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=33ef32d2-bdea-4f08-a84d-d55bce1cffef.pdf) |
| 2024-05-29 | [Audited Result For The Financial Year Ending 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de07773f-8c54-47aa-a87f-5d1d341789ac.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-15T11:26:06.947Z.