PC Jeweller Ltd
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.
- Market Cap ₹ 8,934 Cr.
- Current Price ₹ 9.20
- High / Low ₹ 19.6 / 7.45
- Stock P/E 12.6
- Book Value ₹ 9.40
- Dividend Yield 0.00 %
- ROCE 9.55 %
- ROE 9.96 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Stock is trading at 0.98 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 63.7% CAGR over last 5 years
- Debtor days have improved from 160 to 69.2 days.
- Promoter holding has increased by 1.30% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 4.67% over past five years.
- Tax rate seems low
- Company has a low return on equity of 4.29% over last 3 years.
- Promoter holding has decreased over last 3 years: -16.0%
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,349 | 7,232 | 8,099 | 9,486 | 8,369 | 4,939 | 2,668 | 1,573 | 2,358 | 188 | 2,243 | 3,353 | |
| 5,619 | 6,473 | 7,338 | 8,473 | 8,085 | 4,484 | 2,265 | 1,672 | 2,226 | 356 | 1,852 | 2,689 | |
| Operating Profit | 730 | 759 | 761 | 1,012 | 284 | 455 | 403 | -99 | 132 | -168 | 390 | 664 |
| OPM % | 12% | 10% | 9% | 11% | 3% | 9% | 15% | -6% | 6% | -89% | 17% | 20% |
| 59 | 51 | 109 | 100 | 85 | 77 | 31 | 60 | 148 | 43 | 127 | 197 | |
| Interest | 227 | 251 | 282 | 321 | 349 | 374 | 396 | 442 | 499 | 505 | 52 | 133 |
| Depreciation | 23 | 23 | 22 | 20 | 17 | 35 | 33 | 26 | 26 | 20 | 17 | 20 |
| Profit before tax | 539 | 536 | 566 | 770 | 3 | 124 | 4 | -508 | -245 | -649 | 448 | 707 |
| Tax % | 30% | 26% | 24% | 26% | 202% | 36% | -1,280% | -23% | 38% | 0% | -28% | -0% |
| 378 | 399 | 431 | 567 | -3 | 78 | 61 | -390 | -339 | -649 | 575 | 711 | |
| EPS in Rs | 1.06 | 1.11 | 1.20 | 1.44 | -0.01 | 0.20 | 0.13 | -0.84 | -0.73 | -1.40 | 0.90 | 0.82 |
| Dividend Payout % | 15% | 15% | 4% | 3% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | 5% |
| 3 Years: | 12% |
| TTM: | 50% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 64% |
| 3 Years: | 60% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | 27% |
| 3 Years: | 56% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 0% |
| 3 Years: | 4% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 179 | 179 | 179 | 394 | 395 | 395 | 465 | 465 | 465 | 465 | 636 | 865 |
| Reserves | 1,811 | 2,231 | 3,188 | 3,531 | 3,542 | 3,607 | 3,810 | 3,418 | 3,080 | 2,433 | 5,522 | 7,262 |
| 682 | 970 | 803 | 1,116 | 2,121 | 2,426 | 2,414 | 3,391 | 3,736 | 4,150 | 2,151 | 1,166 | |
| 2,039 | 2,356 | 3,048 | 3,919 | 1,607 | 1,454 | 1,174 | 263 | 209 | 188 | 68 | 84 | |
| Total Liabilities | 4,712 | 5,737 | 7,217 | 8,961 | 7,664 | 7,882 | 7,864 | 7,538 | 7,490 | 7,236 | 8,377 | 9,377 |
| 90 | 90 | 84 | 77 | 59 | 151 | 126 | 107 | 104 | 61 | 84 | 91 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| Investments | 13 | 8 | 143 | 153 | 144 | 144 | 144 | 136 | 136 | 136 | 134 | 134 |
| 4,609 | 5,639 | 6,990 | 8,731 | 7,461 | 7,586 | 7,593 | 7,294 | 7,250 | 7,038 | 8,159 | 9,152 | |
| Total Assets | 4,712 | 5,737 | 7,217 | 8,961 | 7,664 | 7,882 | 7,864 | 7,538 | 7,490 | 7,236 | 8,377 | 9,377 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 334 | 70 | 827 | 334 | -1,837 | 60 | 97 | -727 | 96 | -15 | -633 | ||
| 213 | -86 | -645 | -350 | 886 | 41 | 98 | 118 | 38 | 7 | 3 | ||
| -566 | 17 | 101 | 23 | 651 | -169 | -155 | 575 | -115 | -29 | 688 | ||
| Net Cash Flow | -19 | 1 | 283 | 7 | -300 | -68 | 40 | -34 | 19 | -37 | 57 | |
| Free Cash Flow | 305 | 68 | 811 | 317 | -1,844 | 59 | 97 | -729 | 95 | -14 | -634 | |
| CFO/OP | 63% | 28% | 132% | 47% | -641% | 15% | 20% | 752% | 67% | 9% | -171% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 46 | 57 | 68 | 77 | 132 | 179 | 72 | 50 | 353 | 57 | 69 |
| Inventory Days | 219 | 227 | 213 | 231 | 234 | 447 | 989 | 1,461 | 1,031 | 7,126 | 1,334 | 985 |
| Days Payable | 123 | 127 | 145 | 160 | 59 | 92 | 157 | 4 | 3 | 18 | 3 | 2 |
| Cash Conversion Cycle | 140 | 146 | 125 | 140 | 252 | 487 | 1,010 | 1,528 | 1,077 | 7,461 | 1,388 | 1,052 |
| Working Capital Days | 87 | 96 | 86 | 79 | 142 | 252 | 507 | 542 | 331 | 2,755 | 770 | 736 |
| ROCE % | 28% | 26% | 22% | 24% | 6% | 8% | 6% | -1% | 3% | -2% | 7% | 10% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Manufacturing Units Number |
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| Total Showrooms Number |
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| Franchisee Showrooms Number |
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| Owned Showrooms Number |
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| Gold Inventory/Exposure Quantity Kg |
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| Raw Material Sourced from Recycling Percentage |
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| Jewellery Product Mix - Domestic (Diamond/Studded Content) Percentage |
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Extracted by Screener AI
Documents
Announcements
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Statement Of Deviation Or Variation In Utilization Of Issue Proceeds
9h - PC Jeweller reported no deviation in preferential issue proceeds for quarter ended March 31, 2026.
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Results Presentation
9h - PC Jeweller reported Q4FY26 revenue Rs927 crore, FY26 revenue Rs3,353 crore; debt cut over 90%.
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Announcement under Regulation 30 (LODR)-Change in Directorate
9h - PC Jeweller approved FY26 audited results, reappointed MD, and completed 93% warrant conversion; FY26 sales rose 49%.
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Audited Financial Results For The Quarter And Year Ended March 31, 2026
10h - FY26 results: revenue Rs 3,351 cr, PBT Rs 708 cr; warrant conversion of Rs 2,702.11 cr completed.
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Board Meeting Intimation for Intimation Of Board Meeting
21 May - Board meets May 27, 2026 to approve audited FY26 standalone and consolidated results.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
from nse
Business Overview
The company is involved in the trading, manufacturing, and sale of gold, diamonds, precious stones, gold and diamond-studded jewelry, and silver articles. It has launched various jewelry collections, including Anant, Dashavatar, Bandhan, Amour, and the Wedding Collection. [1] Company has wide network of showrooms under the “PC Jeweller” brand located across India with an aggregate area of approximately 2.05 lakh sq.ft[2]