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 ₹ 1,219 Cr.
- Current Price ₹ 505
- High / Low ₹ 509 / 160
- Stock P/E 20.6
- 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: | 122% |
| 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
-
Analysts/Institutional Investor Meet/Con. Call Updates
30 June 2026 - Management participated in InveStar Conclave virtual investor meeting on June 29, 2026; no UPSI shared.
-
Analysts/Institutional Investor Meet/Con. Call Updates
24 June 2026 - Revised analysts/institutional investors meeting notice for June 29, 3:00 PM, with registration link.
-
Analysts/Institutional Investor Meet/Con. Call Updates
23 June 2026 - Management to meet investors at InveStar Conclave on 29 June 2026, 3:00 PM IST.
-
Updates
22 June 2026 - Utssav CZ Gold Jewels reported FY26 audited results, net profit Rs5,905.89 lakh, approved May 23, 2026.
-
Analysts/Institutional Investor Meet/Con. Call Updates
19 June 2026 - Utssav CZ Gold Jewels will hold a virtual investor/analyst group meet on June 25, 2026 at 4:00 PM IST.
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.