PC Jeweller Ltd

PC Jeweller Ltd

₹ 53.7 -0.44%
25 Apr 11:42 a.m.
About

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.

Key Points

Brands
PC Jeweller owns jewellery sub-brands: Azva, Swarn Dharohar, LoveGold, Inayat and Mirosa and has launched many new jewellery designs under its sub-brands and Lal Quila collection. During FY20, the Company for the first time in India launched silver and gold medallions to commemorate ICC Cricket World Cup 2019. [1]

  • Market Cap 2,500 Cr.
  • Current Price 53.7
  • High / Low 66.6 / 23.3
  • Stock P/E
  • Book Value 69.8
  • Dividend Yield 0.00 %
  • ROCE 5.33 %
  • ROE -5.36 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.77 times its book value
  • Debtor days have improved from 104 to 63.5 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -23.8% over past five years.
  • Company has a low return on equity of -4.43% over last 3 years.

* 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,467 868 247 560 611 189 547 898 854 173 68 449 40
1,240 740 228 520 575 379 463 750 818 205 111 503 113
Operating Profit 227 128 18 40 36 -190 85 147 36 -32 -43 -54 -73
OPM % 15% 15% 7% 7% 6% -101% 15% 16% 4% -18% -64% -12% -182%
3 3 15 -3 2 39 76 61 29 10 5 45 3
Interest 99 95 93 108 123 114 122 122 125 124 125 124 126
Depreciation 9 8 7 7 7 7 7 7 7 7 7 5 5
Profit before tax 122 28 -67 -78 -91 -273 33 79 -67 -152 -170 -137 -201
Tax % -6% -115% 2% -1% 19% 37% -129% -9% 9% -98% -1% -1% 1%
130 60 -66 -79 -74 -173 74 86 -61 -302 -172 -138 -198
EPS in Rs 3.28 1.28 -1.41 -1.70 -1.58 -3.72 1.60 1.85 -1.31 -6.50 -3.69 -2.97 -4.25
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
3,038 3,990 5,325 6,361 7,301 8,464 9,610 8,672 5,206 2,825 1,605 2,472 730
2,707 3,507 4,726 5,631 6,543 7,699 8,620 8,374 4,749 2,410 1,696 2,216 932
Operating Profit 332 482 599 730 758 765 990 298 457 415 -91 256 -202
OPM % 11% 12% 11% 11% 10% 9% 10% 3% 9% 15% -6% 10% -28%
17 20 36 59 50 97 92 77 80 24 53 163 63
Interest 77 127 153 227 251 286 324 354 374 396 442 499 498
Depreciation 7 10 12 23 23 22 21 19 37 35 28 27 23
Profit before tax 265 365 469 540 534 554 737 2 125 8 -508 -108 -660
Tax % 13% 20% 24% 30% 25% 24% 27% 70% 34% -694% 23% -88%
231 291 356 378 398 421 536 1 83 62 -391 -203 -810
EPS in Rs 8.62 8.12 9.95 10.56 11.12 11.75 13.58 0.02 2.10 1.33 -8.40 -4.37 -17.41
Dividend Payout % 0% 6% 15% 15% 15% 4% 4% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -5%
5 Years: -24%
3 Years: -22%
TTM: -71%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -999%
Stock Price CAGR
10 Years: 1%
5 Years: -15%
3 Years: 32%
1 Year: 109%
Return on Equity
10 Years: 5%
5 Years: -3%
3 Years: -4%
Last Year: -5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 134 179 179 179 179 179 394 395 395 465 465 465 465
Reserves 421 1,210 1,503 1,811 2,230 3,173 3,487 3,526 3,608 3,804 3,423 3,225 2,783
Preference Capital 0 0 0 0 0 0 13 0 0 0 0 0
578 233 1,004 682 970 803 1,102 2,121 2,429 2,414 3,391 3,736 3,911
964 1,813 1,546 2,052 2,371 3,242 4,001 1,608 1,465 1,214 266 209 193
Total Liabilities 2,097 3,435 4,233 4,724 5,751 7,397 8,984 7,649 7,897 7,898 7,545 7,636 7,352
66 63 84 90 91 88 93 74 169 139 121 115 79
CWIP 1 1 1 0 0 0 1 1 1 0 0 1 1
Investments 0 443 185 13 8 9 19 8 8 15 3 2 2
2,031 2,929 3,963 4,621 5,652 7,299 8,872 7,566 7,720 7,744 7,421 7,518 7,269
Total Assets 2,097 3,435 4,233 4,724 5,751 7,397 8,984 7,649 7,897 7,898 7,545 7,636 7,352

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-337 520 -786 333 16 794 358 -1,931 76 91 -719 100
-30 -592 246 213 -25 -530 -378 978 38 94 115 30
359 141 571 -565 16 47 -4 652 -170 -156 570 -111
Net Cash Flow -8 68 31 -19 7 312 -24 -302 -57 30 -34 19

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 82 62 43 45 49 66 70 84 132 185 65 63
Inventory Days 170 186 194 219 225 206 232 227 434 954 1,465 1,012
Days Payable 124 176 105 123 126 147 160 57 87 150 4 3
Cash Conversion Cycle 129 71 132 140 147 125 142 253 479 988 1,526 1,072
Working Capital Days 111 69 136 126 142 114 121 234 417 808 1,307 896
ROCE % 36% 29% 28% 26% 22% 23% 7% 8% 6% -1% 5%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.53% 54.53% 54.53% 54.53% 54.53% 54.53% 54.53% 54.53% 54.53% 54.53% 54.53% 54.53%
0.59% 0.79% 0.80% 0.99% 1.12% 1.41% 2.15% 1.65% 1.04% 0.84% 0.78% 0.93%
1.50% 1.49% 1.49% 1.49% 1.49% 1.49% 1.45% 1.45% 1.45% 1.49% 1.45% 1.45%
43.38% 43.19% 43.17% 42.97% 42.85% 42.56% 41.87% 42.36% 42.98% 43.15% 43.24% 43.08%
No. of Shareholders 2,23,7762,18,7692,19,3322,16,6192,06,8111,87,3831,72,8811,93,1852,01,2462,25,9162,30,3522,10,400

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents