PC Jeweller Ltd logo

PC Jeweller Ltd

PCJEWELLER NSE

Key Fundamentals

MicrocapDiamond Cutting / JewelleryDiamond, Gems and Jewellery
Market Cap
₹8,118 Cr
Volatility
Moderate
P/E Ratio
10.02
EBITDA
₹670 Cr
Return on Equity
9.33%
Debt to Equity
0.14
Book Value
₹9.07
52W High
₹15.38
52W Low
₹7.47

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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29 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

4
  • Company has reduced debt.
  • Stock is trading at 1.04 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 63.1% CAGR over last 5 years

Weaknesses

5
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -2.22%
  • The company has delivered a poor sales growth of 3.49% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 4.42% over last 3 years.

Growth Rate

Revenue Growth
41.36% ↗
Net Income Growth
24.22% ↘
Cash Flow Change
-1090.79% ↘
ROE
-143.46% ↘
ROCE
-288.52% ↘
EBITDA Margin (Avg.)
-14.14% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk high

PC Jeweller Ltd trades at a market cap of ₹7,607 Cr with a P/E of 12.3x and P/B of 1.01x. The company has shown strong profit CAGR of 63% over 5 years and TTM sales growth of 49%, but carries a weak 3-year ROE of just 4% and has seen its stock decline 42% over the past year.

Bull Case 8
  • Strong 5-year compounded profit growth of 63% CAGR indicates significant earnings recovery
  • TTM sales growth of 49% signals a sharp revenue rebound in the most recent period
  • P/B ratio of 1.01x means the stock trades near book value, offering potential margin of safety
  • P/E of 12.3x is modest for a jewellery company showing high recent profit growth
  • Company has reduced debt, improving balance sheet health and lowering financial risk
  • 3-year compounded profit CAGR of 77% shows sustained earnings improvement over multiple years
  • Last year ROE improved to 10%, up from a 3-year average of 4%, suggesting improving capital efficiency
  • 3-year stock CAGR of 48% reflects meaningful long-term wealth creation for medium-term holders
Bear Case 8
  • Stock has declined 42% in the past 1 year, indicating severe near-term selling pressure
  • 5-year compounded sales growth of only 3.49% reflects poor topline expansion over a long period
  • 3-year average ROE of just 4% is well below cost of equity and industry benchmarks
  • Zero dividend yield despite repeated profits suggests poor shareholder return policy
  • Promoter holding decreased by 2.23% in the last quarter, raising governance and confidence concerns
  • 10-year stock CAGR of -8% shows the company has destroyed long-term shareholder value over a decade
  • 10-year compounded sales growth is negative at -7%, reflecting structural revenue decline over the long term
  • Low tax rate raises questions about the sustainability and quality of reported earnings

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15d ago
Positives 2
  • ₹1,000 crore QIP approval sought Jul 24

    PC Jeweller issued a postal ballot seeking shareholder approval for a QIP of up to ₹1,000 crore, along with increasing authorized share capital to ₹1,460 crore and re-appointing Balram Garg as MD.

  • Customs Tribunal drops allegations Jul 14

    Customs Tribunal dropped duty payment allegations against PC Jeweller and its MD via order dated July 14, 2026, providing consequential relief to the company.

Neutral 1
  • Board to consider QIP fundraise Jul 13

    PC Jeweller's board scheduled a meeting on July 16, 2026 to consider raising funds via QIP to support strategic growth and general corporate purposes.

TL;DR: PC Jeweller is in active capital-raising mode with a ₹1,000 crore QIP proposal now before shareholders, signaling growth ambitions. The Customs Tribunal relief removes a regulatory overhang. No headwinds are visible in recent news flow, and the trend appears improving with the company positioning itself for expansion through fresh institutional capital.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
68
449
40
48
401
505
639
699
725
825
875
927
877
Expenses
111
503
113
50
350
419
527
554
598
647
674
763
635
Operating Profit
-43
-54
-73
-2
52
86
112
145
127
178
202
164
242
OPM %
-64%
-12%
-182%
-3.3%
13%
17%
18%
21%
18%
22%
23%
18%
28%
Other Income
5
45
3
11
39
44
44
1
83
70
24
19
2
Interest
125
124
126
130
2
2
3
45
42
36
30
25
14
Depreciation
7
5
5
4
4
4
5
5
5
5
5
5
5
PBT
-170
-137
-201
-124
85
123
148
96
164
206
190
154
225
Tax %
1%
1%
-1%
-2%
-84%
-45%
0%
2%
1%
-2%
0%
0%
1%
Net Profit
-172
-138
-198
-122
156
179
148
95
162
210
190
153
222
EPS in Rs
-0.37
-0.3
-0.43
-0.26
0.34
0.38
0.25
0.15
0.25
0.29
0.26
0.18
0.23
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
6,361
7,301
8,464
9,610
8,672
5,206
2,825
1,605
2,472
604
2,244
3,353
3,505
Expenses
5,631
6,543
7,699
8,620
8,374
4,749
2,410
1,696
2,216
774
1,848
2,682
2,720
Operating Profit
730
758
765
990
298
457
415
-91
256
-170
396
671
785
OPM %
11%
10%
9%
10%
3.4%
9%
15%
-6%
10%
-28%
18%
20%
22%
Other Income
59
50
97
92
77
80
24
53
163
64
126
196
115
Interest
227
251
286
324
354
374
396
442
499
505
52
133
105
Depreciation
23
23
22
21
19
37
35
28
27
20
18
21
21
PBT
540
534
554
737
2
125
8
-508
-108
-632
453
713
775
Tax %
30%
25%
24%
27%
70%
34%
-694%
-23%
88%
0%
-28%
0%
—
Net Profit
378
398
421
536
1
83
62
-391
-203
-629
578
714
774
EPS in Rs
1.06
1.11
1.18
1.36
0
0.21
0.13
-0.84
-0.44
-1.35
0.91
0.83
0.96
Div. Payout %
15%
15%
4%
4%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
179
179
179
394
395
395
465
465
465
465
636
865
Reserves
1,811
2,230
3,173
3,487
3,526
3,608
3,804
3,423
3,225
2,466
5,557
7,309
Borrowings
682
970
803
1,116
2,121
2,429
2,414
3,391
3,736
4,150
2,151
1,167
Other Liabilities
2,052
2,371
3,242
3,987
1,608
1,465
1,214
266
209
188
68
84
Total Liabilities
4,724
5,751
7,397
8,984
7,649
7,897
7,898
7,545
7,636
7,269
8,412
9,425
Fixed Assets
90
91
88
93
74
169
139
121
115
71
94
96
CWIP
0
0
0
1
1
1
0
0
1
0
0
0
Investments
13
8
9
19
8
8
15
3
2
3
0
0
Other Assets
4,621
5,652
7,299
8,872
7,566
7,720
7,744
7,421
7,518
7,196
8,318
9,328
Total Assets
4,724
5,751
7,397
8,984
7,649
7,897
7,898
7,545
7,636
7,269
8,412
9,425
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
333
16
794
358
-1,931
76
91
-719
100
64
-633
-77
Investing
213
-25
-530
-378
978
38
94
115
30
7
2
3
Financing
-565
16
47
-4
652
-170
-156
570
-111
-108
688
147
Net Cash Flow
-19
7
312
-24
-302
-57
30
-34
19
-37
57
72
Free Cash Flow
304
13
775
328
-1,940
74
91
-723
97
66
-633
-77
CFO/OP
63
21
128
50
-641
18
18
812
36
-38
-168
-12
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
45
49
66
70
84
132
185
65
63
110
57
69
Inventory Days
219
225
206
232
227
434
954
1,465
1,012
3,044
1,373
1,015
Days Payable
123
126
147
160
57
87
150
4
3
7
3
2
Cash Conversion Cycle
140
147
125
142
253
479
988
1,526
1,072
3,147
1,428
1,082
Working Capital Days
87
98
87
82
146
255
508
554
355
954
796
755
ROCE %
28%
26%
22%
23%
7%
8%
6%
-1%
5%
-2%
7%
10%

Shareholding Pattern

As of Jun 2026
Promoters 38.49%
Public 31.05%
Others 13.98%
FIIs 12.15%
DIIs 4.32%
Total 99.99%
  Feb 2021Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Oct 2024Nov 2024Dec 2024Mar 2025Apr 2025Jun 2025Jul 2025Sep 2025Dec 2025Jan 2026Mar 2026Apr 2026Jun 2026
Promoters
54.53%
54.53%
54.53%
54.53%
54.53%
54.53%
54.53%
54.53%
54.53%
54.53%
54.53%
54.53%
54.53%
54.53%
54.53%
54.53%
50.84%
47.39%
43.52%
39.98%
39.80%
40.08%
39.38%
37.60%
37.19%
40.94%
40.72%
38.49%
38.49%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.84%
0.00%
0.93%
2.57%
3.32%
3.54%
3.29%
5.55%
5.06%
4.90%
4.92%
0.00%
6.46%
6.30%
5.59%
10.40%
13.28%
12.15%
DIIs
1.49%
1.49%
1.49%
1.49%
1.49%
1.49%
1.49%
1.52%
1.50%
1.49%
1.45%
1.49%
1.45%
1.46%
1.49%
1.59%
1.47%
1.37%
1.26%
9.37%
9.10%
9.07%
8.56%
8.24%
7.08%
6.28%
5.42%
4.75%
4.32%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
38.19%
37.42%
37.08%
36.53%
36.46%
36.11%
35.41%
30.41%
29.80%
30.57%
31.70%
35.02%
33.81%
32.93%
31.94%
29.83%
31.90%
29.78%
29.22%
26.66%
26.96%
27.18%
27.49%
28.37%
35.38%
32.16%
30.14%
29.13%
31.05%
Others
5.78%
6.55%
6.90%
7.45%
7.51%
7.87%
8.56%
13.53%
14.16%
13.41%
12.32%
8.12%
10.21%
10.15%
9.46%
10.72%
12.25%
18.16%
20.45%
18.93%
19.23%
18.75%
24.58%
19.34%
14.04%
15.03%
13.32%
14.34%
13.98%
No. of Shareholders
0
2,30,332
2,21,031
2,23,776
2,18,769
2,19,332
2,16,619
2,06,811
1,87,383
1,93,185
2,01,246
2,25,916
2,30,352
2,10,400
2,09,539
2,59,231
2,84,530
2,87,325
3,98,509
4,56,599
4,66,538
4,76,658
6,14,498
6,78,155
8,36,238
8,30,187
8,31,068
8,44,757
8,69,669

Documents

Frequently Asked Questions about PC Jeweller Ltd

What does PC Jeweller Ltd do?
PC Jeweller is engaged in the business of manufacturing, sale and trading of gold jewellery, diamond-studded jewellery and silver items and operates in different geographical areas. The Company’s export business of gold jewellery is on a B2B basis through its dealers based in the Gulf via Dubai b...
Where is PC Jeweller Ltd (PCJEWELLER) listed?
PC Jeweller Ltd is listed on the Indian stock exchanges. It is listed on NSE: PCJEWELLER and BSE: 534809. You can view its live share price, financials, and ratios on Tapetide.
Which sector does PC Jeweller Ltd belong to?
PC Jeweller Ltd operates in the Diamond, Gems and Jewellery sector within the Diamond Cutting / Jewellery industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of PC Jeweller Ltd?
PC Jeweller Ltd has a market capitalisation of approximately ₹8117.53 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of PC Jeweller Ltd?
The Price-to-Earnings (PE) ratio of PC Jeweller Ltd is 10.02. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of PC Jeweller Ltd?
Over the past 52 weeks, PC Jeweller Ltd has traded between a low of ₹7.47 and a high of ₹15.38. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of PC Jeweller Ltd?
PC Jeweller Ltd has a Return on Equity (ROE) of 9.33%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research PC Jeweller Ltd on Tapetide?
On Tapetide, you can view PC Jeweller Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

PC Jeweller is engaged in the business of manufacturing, sale and trading of gold jewellery, diamond-studded jewellery and silver items and operates in different geographical areas. The Company’s export business of gold jewellery is on a B2B basis through its dealers based in the Gulf via Dubai based firms. [1] The company has a team of in-house designers.

Website pcjeweller.com
CEO Mr. Balram Garg B.Com.
Employees 723
Listed 2012-12-27
Face Value ₹ 1
Issued Size 7,24,86,23,705

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