AJC Jewel Manufacturers Ltd
Incorporated in 2018, AJC Jewel Manufacturers Ltd is engaged in the manufacturing of gold and diamond jewellery.[1]
- Market Cap ₹ 59.5 Cr.
- Current Price ₹ 98.1
- High / Low ₹ 142 / 71.2
- Stock P/E 7.42
- Book Value ₹ 59.8
- Dividend Yield 0.00 %
- ROCE 22.3 %
- ROE 31.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 56.3% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.1%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 33.2 to 50.8 days.
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 68 | 127 | 194 | 246 | 220 | 292 | |
| 67 | 125 | 190 | 241 | 215 | 278 | |
| Operating Profit | 1 | 2 | 4 | 5 | 6 | 14 |
| OPM % | 2% | 2% | 2% | 2% | 3% | 5% |
| 0 | 0 | 0 | 1 | 1 | 0 | |
| Interest | 0 | 0 | 1 | 2 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 2 | 3 | 4 | 4 | 11 |
| Tax % | 30% | 30% | 31% | 27% | 27% | 27% |
| 1 | 1 | 2 | 3 | 3 | 8 | |
| EPS in Rs | 33.17 | 47.05 | 76.75 | 7.01 | 6.43 | 13.22 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 15% |
| TTM: | 32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 56% |
| 3 Years: | 59% |
| TTM: | 178% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 29% |
| Last Year: | 31% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 4 | 4 | 6 |
| Reserves | 1 | 2 | 4 | 7 | 10 | 30 |
| 2 | 7 | 12 | 22 | 33 | 44 | |
| 4 | 5 | 17 | 3 | 2 | 4 | |
| Total Liabilities | 10 | 16 | 36 | 37 | 49 | 84 |
| 1 | 1 | 3 | 4 | 3 | 5 | |
| CWIP | 0 | 0 | 1 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 |
| 9 | 16 | 33 | 34 | 46 | 78 | |
| Total Assets | 10 | 16 | 36 | 37 | 49 | 84 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 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
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 3 | 41 | 27 | 19 | 30 | 51 |
| Inventory Days | 1 | 32 | 26 | 39 | 32 | |
| Days Payable | 9 | 30 | 1 | 0 | 0 | |
| Cash Conversion Cycle | 3 | 33 | 30 | 45 | 68 | 83 |
| Working Capital Days | 13 | 11 | 9 | 14 | 20 | 27 |
| ROCE % | 23% | 24% | 22% | 15% | 22% |
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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Extracted by Screener AI
Documents
Announcements
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Statement Of Deviation And Variation - March 2026 Pursuant To Regulation 32 SEBI LODR
6h - Public issue proceeds of ₹1,539 lakh showed no deviation for quarter ended 31-03-2026.
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Audited Standalone And Consolidated Financial Results For The Year Ended 31St March 2026
2d - Board approved audited standalone and consolidated FY26 results on 27 May 2026.
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Audited Standalone And Consolidated Financial Results For The Quarter Ended 31St March 2026
2d - Board approved audited Q4 and FY2026 standalone and consolidated results; small BSE fines of Rs 3.60 lakh paid.
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Board Meeting Outcome for Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended 31St March 2026
2d - Board approved audited standalone and consolidated FY26 results on 27 May 2026; BSE fines paid.
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Board Meeting Intimation for Prior Intimation For The Board Meeting To Be Held On 27-05-2026.
22 May - Board meeting on 27 May 2026 to approve FY2026 audited standalone and consolidated results.
Annual reports
Concalls
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Jan 2026TranscriptAI SummaryPPT
Business Overview:[1]
AJCJML is a Kerala-based jewellery manufacturer specializing in high-quality, design-led gold products for the B2B retail market. The company offers a digital‑first platform serving jewellery retailers, corporates, and a large network of indpendent jewellers.