AJC Jewel Manufacturers Ltd
Incorporated in 2018, AJC Jewel Manufacturers Limited is engaged in the business of jewelry manufacturing, specializing in crafting bracelets, bangles, rings, earrings, necklaces, and anklets.[1]
- Market Cap ₹ 72.8 Cr.
- Current Price ₹ 120
- High / Low ₹ 142 / 71.2
- Stock P/E 25.2
- Book Value ₹ 56.6
- Dividend Yield 0.00 %
- ROCE 14.7 %
- ROE 21.7 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
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 BSE SME IPO
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 68 | 127 | 194 | 246 | 220 | |
| 67 | 125 | 190 | 241 | 215 | |
| Operating Profit | 1 | 2 | 4 | 5 | 6 |
| OPM % | 2% | 2% | 2% | 2% | 3% |
| 0 | 0 | 0 | 1 | 1 | |
| Interest | 0 | 0 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 2 | 3 | 4 | 4 |
| Tax % | 30% | 30% | 31% | 27% | 27% |
| 1 | 1 | 2 | 3 | 3 | |
| EPS in Rs | 33.17 | 47.05 | 76.75 | 7.01 | 6.43 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 33% |
| TTM: | -7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 28% |
| Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 4 | 4 | 6 |
| Reserves | 1 | 2 | 4 | 7 | 10 | 25 |
| 2 | 7 | 12 | 22 | 33 | 39 | |
| 4 | 5 | 17 | 3 | 2 | 2 | |
| Total Liabilities | 10 | 16 | 36 | 37 | 49 | 71 |
| 1 | 1 | 3 | 4 | 3 | 5 | |
| CWIP | 0 | 0 | 1 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 9 | 16 | 33 | 34 | 46 | 67 | |
| Total Assets | 10 | 16 | 36 | 37 | 49 | 71 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 1 | -4 | -2 | 4 | -8 | |
| -0 | -0 | -3 | -1 | 0 | |
| 0 | 4 | 5 | -4 | 8 | |
| Net Cash Flow | 0 | -0 | 0 | 0 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 3 | 41 | 27 | 19 | 30 |
| Inventory Days | 1 | 32 | 26 | 39 | |
| Days Payable | 9 | 30 | 1 | 0 | |
| Cash Conversion Cycle | 3 | 33 | 30 | 45 | 68 |
| Working Capital Days | 13 | 11 | 9 | 14 | 20 |
| ROCE % | 23% | 24% | 22% | 15% |
Insights
In beta| Mar 2024 | Jan 2026 | |
|---|---|---|
| Independent Retailer Network (B2B Clients) Number |
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| Total Employees Number |
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| Trade Receivables Turnover Ratio |
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| Design Library Number |
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| Manufacturing Facility Size sq. ft. |
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| Production Capacity Expansion Target % |
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Documents
Announcements
- Announcement under Regulation 30 (LODR)-Investor Presentation 26 Feb
- Unaudited Financial Results For The Quarter Ended 31St Dec 2025 25 Feb
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Board Meeting Intimation for Approve And Take On Record, Un- Audited Financial Results Of The Company For The Quarter And Nine Months Ended On December 31, 2025
17 Feb - Board meeting on Feb 25 to approve unaudited Q3/9M results ended Dec 31, 2025; trading window till Feb 27.
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Reg 30 - Clarification On Price Movement
4 Feb - Says no material event caused recent share-price movement; compliant with SEBI LODR; will disclose if needed.
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Clarification sought from AJC Jewel Manufacturers Ltd
3 Feb - Exchange has sought clarification from AJC Jewel Manufacturers Ltd on February 3, 2026 with reference to significant movement in price, in order to ensure that …
Annual reports
Concalls
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Jan 2026TranscriptAI SummaryPPT
Business Profile[1]
AJC Jewel is engaged in manufacturing and wholesale of gold jewellery, including plain, studded, and named varieties in 22K and 18K gold. The company caters to dealers, showrooms, corporates, and small jewellery retailers, offering B2B services with occasional B2C sales.