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 ₹ 8,662 Cr.
- Current Price ₹ 8.92
- High / Low ₹ 19.6 / 7.45
- Stock P/E 12.1
- Book Value ₹ 9.45
- Dividend Yield 0.00 %
- ROCE 9.58 %
- ROE 9.96 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Stock is trading at 0.94 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 63.1% CAGR over last 5 years
- 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 3.49% over past five years.
- Tax rate seems low
- Company has a low return on equity of 4.42% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,361 | 7,301 | 8,464 | 9,610 | 8,672 | 5,206 | 2,825 | 1,605 | 2,472 | 604 | 2,244 | 3,353 | |
| 5,631 | 6,543 | 7,699 | 8,620 | 8,374 | 4,749 | 2,410 | 1,696 | 2,216 | 774 | 1,848 | 2,682 | |
| Operating Profit | 730 | 758 | 765 | 990 | 298 | 457 | 415 | -91 | 256 | -170 | 396 | 671 |
| OPM % | 11% | 10% | 9% | 10% | 3% | 9% | 15% | -6% | 10% | -28% | 18% | 20% |
| 59 | 50 | 97 | 92 | 77 | 80 | 24 | 53 | 163 | 64 | 126 | 196 | |
| Interest | 227 | 251 | 286 | 324 | 354 | 374 | 396 | 442 | 499 | 505 | 52 | 133 |
| Depreciation | 23 | 23 | 22 | 21 | 19 | 37 | 35 | 28 | 27 | 20 | 18 | 21 |
| Profit before tax | 540 | 534 | 554 | 737 | 2 | 125 | 8 | -508 | -108 | -632 | 453 | 713 |
| Tax % | 30% | 25% | 24% | 27% | 70% | 34% | -694% | -23% | 88% | -0% | -28% | -0% |
| 378 | 398 | 421 | 536 | 1 | 83 | 62 | -391 | -203 | -629 | 578 | 714 | |
| EPS in Rs | 1.06 | 1.11 | 1.18 | 1.36 | 0.00 | 0.21 | 0.13 | -0.84 | -0.44 | -1.35 | 0.91 | 0.83 |
| Dividend Payout % | 15% | 15% | 4% | 4% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | 3% |
| 3 Years: | 11% |
| TTM: | 49% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 63% |
| 3 Years: | 77% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | 27% |
| 3 Years: | 49% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 0% |
| 3 Years: | 4% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 2,230 | 3,173 | 3,487 | 3,526 | 3,608 | 3,804 | 3,423 | 3,225 | 2,466 | 5,557 | 7,309 |
| 682 | 970 | 803 | 1,116 | 2,121 | 2,429 | 2,414 | 3,391 | 3,736 | 4,150 | 2,151 | 1,167 | |
| 2,052 | 2,371 | 3,242 | 3,987 | 1,608 | 1,465 | 1,214 | 266 | 209 | 188 | 68 | 84 | |
| Total Liabilities | 4,724 | 5,751 | 7,397 | 8,984 | 7,649 | 7,897 | 7,898 | 7,545 | 7,636 | 7,269 | 8,412 | 9,425 |
| 90 | 91 | 88 | 93 | 74 | 169 | 139 | 121 | 115 | 71 | 94 | 96 | |
| CWIP | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| Investments | 13 | 8 | 9 | 19 | 8 | 8 | 15 | 3 | 2 | 3 | 0 | 0 |
| 4,621 | 5,652 | 7,299 | 8,872 | 7,566 | 7,720 | 7,744 | 7,421 | 7,518 | 7,196 | 8,318 | 9,328 | |
| Total Assets | 4,724 | 5,751 | 7,397 | 8,984 | 7,649 | 7,897 | 7,898 | 7,545 | 7,636 | 7,269 | 8,412 | 9,425 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 333 | 16 | 794 | 358 | -1,931 | 76 | 91 | -719 | 100 | 64 | -633 | -77 | |
| 213 | -25 | -530 | -378 | 978 | 38 | 94 | 115 | 30 | 7 | 2 | 3 | |
| -565 | 16 | 47 | -4 | 652 | -170 | -156 | 570 | -111 | -108 | 688 | 147 | |
| Net Cash Flow | -19 | 7 | 312 | -24 | -302 | -57 | 30 | -34 | 19 | -37 | 57 | 72 |
| Free Cash Flow | 304 | 13 | 775 | 328 | -1,940 | 74 | 91 | -723 | 97 | 66 | -633 | -77 |
| CFO/OP | 63% | 21% | 128% | 50% | -641% | 18% | 18% | 812% | 36% | -38% | -168% | -12% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 45 | 49 | 66 | 70 | 84 | 132 | 185 | 65 | 63 | 110 | 57 | 69 |
| Inventory Days | 219 | 225 | 206 | 232 | 227 | 434 | 954 | 1,465 | 1,012 | 3,044 | 1,373 | 1,015 |
| Days Payable | 123 | 126 | 147 | 160 | 57 | 87 | 150 | 4 | 3 | 7 | 3 | 2 |
| Cash Conversion Cycle | 140 | 147 | 125 | 142 | 253 | 479 | 988 | 1,526 | 1,072 | 3,147 | 1,428 | 1,082 |
| Working Capital Days | 87 | 98 | 87 | 82 | 146 | 255 | 508 | 554 | 355 | 954 | 796 | 755 |
| ROCE % | 28% | 26% | 22% | 23% | 7% | 8% | 6% | -1% | 5% | -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 ・Standalone data |
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| Total Showrooms Number ・Standalone data |
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| Franchisee Showrooms Number ・Standalone data |
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| Owned Showrooms Number ・Standalone data |
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| Gold Inventory/Exposure Quantity Kg ・Standalone data |
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| Raw Material Sourced from Recycling Percentage ・Standalone data |
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| Jewellery Product Mix - Domestic (Diamond/Studded Content) Percentage ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 May - Newspaper Publications dated May 28, 2026
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Statement Of Deviation Or Variation In Utilization Of Issue Proceeds
27 May - PC Jeweller reported no deviation in preferential issue proceeds for quarter ended March 31, 2026.
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Results Presentation
27 May - 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
27 May - 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
27 May - FY26 results: revenue Rs 3,351 cr, PBT Rs 708 cr; warrant conversion of Rs 2,702.11 cr completed.
Annual reports
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Financial Year 2025
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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
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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]