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 ₹ 2,256 Cr.
- Current Price ₹ 902
- High / Low ₹ 1,046 / 176
- Stock P/E 38.2
- 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%
- Promoter holding has increased by 2.25% over last quarter.
Cons
- Stock is trading at 11.0 times its book value
- 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 % | 3.7% | 2.9% | 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 | 1.23 | 0.96 | 1.99 | 4.26 | 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: | 232% |
| 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 | -88 | -62 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 82% | -397% | -18% | -74% | 52% | -205% | -44% |
Ratios
| 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 | 55 |
| Days Payable | 3 | 1 | 1 | 0 | 0 | 1 | 0 |
| Cash Conversion Cycle | 51 | 96 | 128 | 87 | 86 | 112 | 108 |
| Working Capital Days | 13 | 55 | 49 | 33 | 4 | 41 | 44 |
| ROCE % | 10% | 13% | 20% | 24% | 22% | 29% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 22K Jewellery Revenue Mix % |
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| Capacity Utilization % |
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| Installed Capacity kg per annum |
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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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| Volume Growth (in kg) % |
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| New Clients Added count |
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Extracted by Screener AI
Documents
Announcements
-
Shareholders meeting
- Postal ballot on 1:1 bonus issue and authorised capital increase to Rs. 60 crore; voting Oct 27-Nov 25, 2026.
-
Press Release
- Board approves 1:1 bonus issue, doubling shares to 4,99,96,000 and capital to Rs 49.996 crore.
-
Outcome of Board Meeting
- Board approved 1:1 bonus issue, raising authorised capital to ₹60 crore, on October 23, 2026.
-
Bonus
- Board approved 1:1 bonus issue and authorised capital increase to Rs. 60 crore, subject to shareholder approval.
-
Updates
- Board meeting on October 23, 2026 to consider authorized capital increase and bonus equity shares.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
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.