Khazanchi Jewellers Ltd
₹ 786
0.24%
07 Jan
- close price
About
Incorporated in 1996, Khazanchi Jewellers
Ltd is in the business of buying and selling
of Gold ornaments, Gold bullion and Silver bullion[1]
Key Points
- Market Cap ₹ 1,946 Cr.
- Current Price ₹ 786
- High / Low ₹ 800 / 525
- Stock P/E 30.6
- Book Value ₹ 109
- Dividend Yield 0.13 %
- ROCE 24.1 %
- ROE 21.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 81.0% CAGR over last 5 years
- Company's working capital requirements have reduced from 62.3 days to 47.6 days
Cons
- Stock is trading at 7.24 times its book value
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 361 | 382 | 257 | 481 | 821 | 1,772 | 1,968 | |
| 353 | 374 | 249 | 465 | 780 | 1,707 | 1,879 | |
| Operating Profit | 8 | 8 | 8 | 16 | 41 | 65 | 89 |
| OPM % | 2% | 2% | 3% | 3% | 5% | 4% | 5% |
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Interest | 6 | 5 | 4 | 6 | 5 | 4 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 4 | 4 | 10 | 37 | 61 | 85 |
| Tax % | 24% | 24% | 23% | 26% | 26% | 26% | |
| 2 | 3 | 3 | 8 | 27 | 45 | 64 | |
| EPS in Rs | 11.04 | 18.15 | 25.71 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 90% |
| TTM: | 116% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 81% |
| 3 Years: | 146% |
| TTM: | 65% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 23% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 22% |
| Last Year: | 21% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 25 | 25 | 25 |
| Reserves | 13 | 16 | 19 | 26 | 163 | 207 | 244 |
| 78 | 75 | 84 | 85 | 55 | 65 | 60 | |
| 3 | 13 | 12 | 24 | 12 | 23 | 52 | |
| Total Liabilities | 104 | 113 | 124 | 145 | 254 | 320 | 380 |
| 13 | 9 | 13 | 13 | 13 | 13 | 22 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 6 | 0 |
| Investments | 0 | 0 | 0 | 0 | 3 | 4 | 0 |
| 91 | 104 | 112 | 132 | 236 | 296 | 358 | |
| Total Assets | 104 | 113 | 124 | 145 | 254 | 320 | 380 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 6 | 5 | -1 | 6 | -83 | 0 | |
| -4 | 4 | -4 | -1 | -6 | -4 | |
| -4 | -8 | 5 | -6 | 90 | 5 | |
| Net Cash Flow | -2 | 1 | 0 | -1 | 1 | 2 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 1 | 1 | 5 | 2 | 10 | 4 |
| Inventory Days | 90 | 101 | 158 | 101 | 95 | 55 |
| Days Payable | 3 | 12 | 16 | 18 | 1 | 1 |
| Cash Conversion Cycle | 88 | 89 | 146 | 85 | 104 | 58 |
| Working Capital Days | 88 | 58 | 96 | 56 | 83 | 48 |
| ROCE % | 8% | 8% | 14% | 23% | 24% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9h - Certificate under Reg 74(5) for quarter ended 31-Dec-2025 confirming dematerialisation processing.
-
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
9h - Khazanchi Jewellers onboarded actress Bhagyashree Borse as Brand Ambassador on January 7, 2026.
- Closure of Trading Window 27 Dec
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
17 Dec - Virtual analyst meeting 'Beyond the Numbers – Value Discovery Summit 2025' held Dec 17, 2025; no UPSI shared.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
17 Dec - Physical investor meetings Dec 15–16, 2025 with BOI MF, Ambit, Trigen, KAM, CC Square, Roha, Steller; no UPSI.
Annual reports
Concalls
-
Nov 2025Transcript PPT REC
-
Aug 2025TranscriptPPT
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May 2025Transcript PPT
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Feb 2025Transcript PPT
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
Mar 2024TranscriptAI SummaryPPT
Business Overview:[1]
KJL is a legacy jewellery brand founded in 1971, headquartered in Chennai. The company offers an extensive portfolio across gold, diamond, precious stone jewellery, designer collections, and bullion products (coins & bars), catering to wedding, festive, fusion, and everyday wear segments