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 ₹ 62.7 Cr.
- Current Price ₹ 103
- High / Low ₹ 111 / 71.2
- Stock P/E 14.8
- Book Value ₹ 50.9
- 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 68 | 127 | 194 | 246 | 220 | 211 | |
| 67 | 125 | 190 | 241 | 215 | 203 | |
| Operating Profit | 1 | 2 | 4 | 5 | 6 | 8 |
| OPM % | 2% | 2% | 2% | 2% | 3% | 4% |
| -0 | 0 | 0 | 1 | 1 | 0 | |
| Interest | -0 | 0 | 1 | 2 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 2 | 3 | 4 | 4 | 6 |
| Tax % | 30% | 30% | 31% | 27% | 27% | |
| 1 | 1 | 2 | 3 | 3 | 4 | |
| EPS in Rs | 33.17 | 47.05 | 76.75 | 7.01 | 6.43 | 7.96 |
| 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% |
Documents
Announcements
-
Reg 30 - Clarification On Price Movement
1d - 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
2d - 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 …
- Announcement under Regulation 30 (LODR)-Investor Presentation 14 Jan
-
Regulation 30 - Incorporation Of Subsidiary
31 Dec 2025 - Certificate of incorporation for Esthara Jewels Pvt Ltd; AJC holds 88%, promoter holds 12% (31 Dec 2025).
-
Press Release
26 Nov 2025 - H1 FY26 PAT ₹260.88L; Board approved UAE acquisition ₹4.00Cr via 4,00,000 shares at ₹100; silver WOS.
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.