Utssav CZ Gold Jewels Ltd
Incorporated in 2007, Utssav CZ Gold
Jewels Ltd in the business of Jewellery
made of precious metals and semiprecious
stones[1]
- Market Cap ₹ 1,248 Cr.
- Current Price ₹ 517
- High / Low ₹ 568 / 160
- Stock P/E 21.1
- Book Value ₹ 82.0
- Dividend Yield 0.00 %
- ROCE 28.8 %
- ROE 36.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 105% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.6%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- 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 Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 117 | 120 | 123 | 238 | 340 | 646 | 1,155 | |
| 113 | 117 | 117 | 226 | 319 | 607 | 1,064 | |
| Operating Profit | 4 | 4 | 6 | 12 | 21 | 40 | 91 |
| OPM % | 4% | 3% | 5% | 5% | 6% | 6% | 8% |
| 0 | 0 | 0 | 2 | 2 | 1 | 3 | |
| Interest | 1 | 1 | 2 | 4 | 5 | 6 | 13 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 3 | 2 | 4 | 10 | 17 | 33 | 80 |
| Tax % | 25% | 26% | 21% | 26% | 25% | 24% | 26% |
| 2 | 2 | 3 | 7 | 13 | 25 | 59 | |
| EPS in Rs | 4.93 | 3.86 | 7.95 | 17.02 | 7.65 | 10.52 | 24.46 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 57% |
| 3 Years: | 69% |
| TTM: | 79% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 105% |
| 3 Years: | 112% |
| TTM: | 131% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 136% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 36% |
| Last Year: | 36% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 17 | 24 | 24 |
| Reserves | 6 | 8 | 11 | 18 | 18 | 103 | 174 |
| 15 | 30 | 36 | 50 | 73 | 130 | 186 | |
| 3 | 2 | 5 | 10 | 13 | 13 | 24 | |
| Total Liabilities | 28 | 44 | 56 | 82 | 121 | 270 | 408 |
| 8 | 9 | 10 | 10 | 12 | 8 | 9 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 20 | 35 | 46 | 72 | 110 | 261 | 400 | |
| Total Assets | 28 | 44 | 56 | 82 | 121 | 270 | 408 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 3 | -14 | -2 | -12 | 7 | -89 | -61 | |
| 0 | 0 | -2 | 1 | -1 | 3 | 0 | |
| -3 | 14 | 4 | 10 | 19 | 118 | 56 | |
| Net Cash Flow | -1 | -0 | 0 | 0 | 24 | 32 | -5 |
| Free Cash Flow | 3 | -14 | -4 | -10 | 5 | -87 | -62 |
| CFO/OP | 82% | -397% | -18% | -74% | 52% | -205% | -44% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 39 | 65 | 67 | 48 | 61 | 62 | 54 |
| Inventory Days | 16 | 32 | 62 | 39 | 25 | 51 | |
| Days Payable | 3 | 1 | 1 | 0 | 0 | 1 | |
| Cash Conversion Cycle | 51 | 96 | 128 | 87 | 86 | 112 | 54 |
| Working Capital Days | 13 | 55 | 49 | 33 | 4 | 41 | 44 |
| ROCE % | 10% | 13% | 20% | 24% | 22% | 29% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 22K Jewellery Revenue Mix % |
|
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| Installed Capacity kg per annum |
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| Capacity Utilization % |
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| Design Library Size designs |
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| Number of Retailers / Distributors (Touch Points) count |
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| Repeat Business Share % |
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| New Clients Added count |
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| Volume Growth (in kg) % |
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Extracted by Screener AI
Documents
Announcements
-
Disclosure under SEBI Takeover Regulations
20 July 2026 - Utssav CZ Gold Jewels Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition …
-
Reply to Clarification- Financial results
14 July 2026 - Clarifies Reg 33 deficiencies and files audited FY25 results; net profit Rs 2,505.98 lakh.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
9 July 2026 - Regulation 74(5) certificate filed for quarter ended June 30, 2026; no rematerialisation requests.
-
General Updates
7 July 2026 - Board approved incorporation of 100% subsidiary Utssav Gold And Diamond Private Limited; expected by July 31, 2026.
-
Outcome of Board Meeting
7 July 2026 - Board approved wholly owned subsidiary Utssav Gold And Diamond Private Limited; expected incorporation by July 31, 2026, for Rs1,00,000.
Annual reports
Concalls
-
May 2026Transcript PPT REC
-
Nov 2025Transcript PPT
Business Overview:[1][2]
UCZGJL manufactures CZ-studded gold jewellery. It is in the business of designing, manufacturing, wholesaling and exporting of 18 Carat 20 Carat and 22 Carat CZ Gold jewellery. Our Company specializes in light weight production of cubic zirconia (CZ) gold and rose gold casting jewellery.