AJC Jewel Manufacturers Ltd
Incorporated in 2018, AJC Jewel Manufacturers Limited is engaged in the business of jewelry manufacturing, specializing in crafting bracelets, bangles, rings, earrings, necklaces, and anklets.[1]
- Market Cap ₹ 52.0 Cr.
- Current Price ₹ 85.7
- High / Low ₹ 142 / 71.2
- Stock P/E 18.0
- Book Value ₹ 56.6
- Dividend Yield 0.00 %
- ROCE 14.7 %
- ROE 21.7 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Gems, Jewellery And Watches
Part of BSE SME IPO
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 68 | 127 | 194 | 246 | 220 | |
| 67 | 125 | 190 | 241 | 215 | |
| Operating Profit | 1 | 2 | 4 | 5 | 6 |
| OPM % | 2% | 2% | 2% | 2% | 3% |
| 0 | 0 | 0 | 1 | 1 | |
| Interest | 0 | 0 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 2 | 3 | 4 | 4 |
| Tax % | 30% | 30% | 31% | 27% | 27% |
| 1 | 1 | 2 | 3 | 3 | |
| EPS in Rs | 33.17 | 47.05 | 76.75 | 7.01 | 6.43 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 33% |
| TTM: | -7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 28% |
| Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 4 | 4 | 6 |
| Reserves | 1 | 2 | 4 | 7 | 10 | 25 |
| 2 | 7 | 12 | 22 | 33 | 39 | |
| 4 | 5 | 17 | 3 | 2 | 2 | |
| Total Liabilities | 10 | 16 | 36 | 37 | 49 | 71 |
| 1 | 1 | 3 | 4 | 3 | 5 | |
| CWIP | 0 | 0 | 1 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 9 | 16 | 33 | 34 | 46 | 67 | |
| Total Assets | 10 | 16 | 36 | 37 | 49 | 71 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 1 | -4 | -2 | 4 | -8 | |
| -0 | -0 | -3 | -1 | 0 | |
| 0 | 4 | 5 | -4 | 8 | |
| Net Cash Flow | 0 | -0 | 0 | 0 | 0 |
| Free Cash Flow | 0 | -4 | -5 | 4 | -8 |
| CFO/OP | 52% | -181% | -33% | 84% | -141% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 3 | 41 | 27 | 19 | 30 |
| Inventory Days | 1 | 32 | 26 | 39 | |
| Days Payable | 9 | 30 | 1 | 0 | |
| Cash Conversion Cycle | 3 | 33 | 30 | 45 | 68 |
| Working Capital Days | 13 | 11 | 9 | 14 | 20 |
| ROCE % | 23% | 24% | 22% | 15% |
Insights
In beta| Mar 2024 | Jan 2026 | |
|---|---|---|
| Independent Retailer Network (B2B Clients) Number |
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| Total Employees Number |
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| Trade Receivables Turnover Ratio |
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| Design Library Number |
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| Manufacturing Facility Size sq. ft. |
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| Production Capacity Expansion Target % |
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Documents
Announcements
- Closure of Trading Window 25 Mar
- Announcement under Regulation 30 (LODR)-Newspaper Publication 24 Mar
-
Regulation 30 LODR - Postal Ballot
23 Mar - Postal ballot to approve Rs50Cr loans, Rs350Cr RPTs, Rs150Cr borrowings and mortgages; voting Mar24–Apr22, results by Apr24,2026.
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General Announcement Under Reg 30 LODR
5 Mar - Company to participate virtually in Bharat Connect Conference: Rising Stars 2026 on 9 March 2026 at 4:00pm IST.
- Announcement under Regulation 30 (LODR)-Investor Presentation 26 Feb
Annual reports
Concalls
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Jan 2026TranscriptAI SummaryPPT
Business Profile[1]
AJC Jewel is engaged in manufacturing and wholesale of gold jewellery, including plain, studded, and named varieties in 22K and 18K gold. The company caters to dealers, showrooms, corporates, and small jewellery retailers, offering B2B services with occasional B2C sales.