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 ₹ 55.8 Cr.
- Current Price ₹ 91.9
- High / Low ₹ 111 / 79.6
- Stock P/E 19.3
- Book Value ₹
- 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
- 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
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
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: | % |
| 3 Years: | 28% |
| Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 4 | 4 |
| Reserves | 1 | 2 | 4 | 7 | 10 |
| 2 | 7 | 12 | 22 | 33 | |
| 4 | 5 | 17 | 3 | 2 | |
| Total Liabilities | 10 | 16 | 36 | 37 | 49 |
| 1 | 1 | 3 | 4 | 3 | |
| CWIP | 0 | 0 | 1 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 9 | 16 | 33 | 34 | 46 | |
| Total Assets | 10 | 16 | 36 | 37 | 49 |
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 |
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% |
Documents
Announcements
-
Announcement Under Regulation 30 LODR - Appointment Of Secretarial Auditor
1d - Appointed Gopimohan Satheesan and Associates LLP as secretarial auditor for five-year term Apr 1, 2025–Mar 31, 2030; approved 27-Sep-2025.
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
1d - 7th AGM on 27-09-2025: financials adopted; director reappointed; secretarial auditor appointed; RPTs ≤Rs100cr; borrowings ≤Rs60cr.
- Closure of Trading Window 22 Sep
-
General Announcement
19 Sep - Filed unaudited standalone financial results for half-year ended 31-Mar-2025 under Regulation 33 on 19-09-2025.
- Closure of Trading Window 19 Sep
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.