PC Jeweller Ltd.

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pcjeweller.comBSE: 534809NSE: PCJEWELLER

Market Cap₹ 13,360 Cr.

Current Price

High / Low₹ 15 / 7

Stock P/E18.6

Book Value₹ 9

Price to Book0.82

Dividend Yield0.00 %

ROCE9.7 %

ROE10.5 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company has delivered good profit growth of 63.5% CAGR over last 5 years
Operating margins have improved to 19.8% from 11.9%
Institutional investors have been accumulating - FII+DII up 2.5pp
Company maintains a comfortable, low leverage position
Company comfortably covers its interest (6.3x coverage)

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -16.0pp
Company has a low return on equity of 1.2% over last 3 years
Company has a low return on capital employed of 4.7%
A large part of profit comes from other income (27.9% of PBT)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesDiamond & JewelleryDiamond & Jewellery

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	TITAN	5005.00	77.14	444336.97	0.30	1777.00	62.88	21356.00	44.16	21.90	13.54
2.	KALYANKJIL	600.65	43.23	62032.19	0.42	348.67	32.03	10588.93	45.68	24.86	5.97
3.	LALITHAA	338.50	18.76	18946.18	0.00	2082.17	—	60312.32	—	43.11	6.18
4.	THANGAMAYL	5135.45	40.82	15962.02	0.35	85.09	86.15	2666.38	71.44	26.62	5.43
5.	BLUESTONE	890.30	241.52	13601.89	0.00	59.61	271.56	7368.46	1395.59	9.24	14.50
6.	PCJEWELLER	13.70	17.25	13360.42	0.00	221.88	37.02	877.04	20.99	9.68	27.54
7.	SKYGOLD	827.45	38.25	12815.04	0.00	104.90	140.67	2012.79	77.93	27.61	7.79
8.	AUGMONT	886.85	24.27	8103.46	0.00	—	—	—	—	70.86	—
9.	SENCO	346.45	9.95	5678.35	0.51	101.14	-3.35	3056.03	67.34	22.86	6.97
10.	GOLDIAM	324.65	23.18	4887.84	0.64	73.97	120.06	326.03	41.92	24.85	20.33
11.	VAIBHAVGBL	212.80	12.53	3570.14	2.82	563.83	1398.27	9170.73	1026.99	18.41	10.55
12.	TBZ	522.35	16.31	3485.67	0.48	33.92	50.76	840.97	34.78	23.29	8.60

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67	33	40	48	401	505	639	699	725	825	875	927	8,038
	116	76	113	53	351	419	529	556	598	649	676	766	6,351
Operating Profit	-48	-43	-73	-4	50	86	110	143	127	176	200	161	1,687
OPM %	-71.89%	-128.34%	-182.35%	-9.12%	12.49%	16.95%	17.24%	20.49%	17.54%	21.30%	22.79%	17.39%	20.99%
	6	20	4	14	39	44	44	1	83	70	25	19	23
Interest	125	124	126	130	2	2	3	45	42	36	30	25	135
Depreciation	6	5	5	4	4	4	5	5	5	5	5	5	53
Profit before Tax	-173	-152	-200	-124	83	124	146	95	164	204	189	151	1,711
Tax %	-0.00%	-0.00%	-0.00%	-0.00%	-85.59%	-44.88%	0.05%	-0.23%	-0.24%	-1.72%	0.10%	0.25%	-0.01%
Net Profit	-173	-152	-200	-124	155	179	146	95	164	208	188	150	1,711
	-3.72	-3.26	-0.43	-0.27	0.33	0.39	0.28	0.16	0.25	0.30	0.26	0.19	0.18

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	8,099	9,486	8,369	4,939	2,669	1,574	2,359	189	2,243	3,353	3,432
	7,338	8,473	8,093	4,484	2,266	1,673	2,227	358	1,854	2,688	2,726
Operating Profit	761	1,012	276	455	403	-99	132	-168	390	665	705
OPM %	9.40%	10.67%	3.30%	9.21%	15.10%	-6.30%	5.60%	-88.92%	17.37%	19.83%	20.55%
	109	100	92	77	31	60	148	44	128	197	116
Interest	282	321	349	374	396	442	499	505	52	134	105
Depreciation	22	20	17	35	33	26	26	20	17	20	21
Profit before Tax	566	770	3	124	4	-508	-245	-649	448	707	715
Tax %	23.99%	26.33%	201.81%	36.46%	-1279.59%	23.33%	-38.50%	-0.00%	-28.33%	-0.47%	-0.42%
Net Profit	431	567	-3	78	61	-390	-339	-649	575	711	718
EPS	11.31	0.00	0.00	1.98	1.50	-8.37	-7.29	-13.95	0.90	0.82	—
Dividend Payout %	4.16%	3.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -7%
5 Years:: 5%
3 Years:: 12%

COMPOUNDED PROFIT GROWTH

10 Years:: 6%
5 Years:: 63%
3 Years:: —

STOCK PRICE CAGR

10 Years:: -5%
5 Years:: 40%
3 Years:: 72%
1 Year:: 4%

RETURN ON EQUITY

10 Years:: 2%
5 Years:: -3%
3 Years:: 1%
Last Year:: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	179	394	395	395	465	465	465	465	636	865
	2,947	3,516	3,499	3,570	3,789	3,401	3,062	2,433	5,013	7,048
	735	1,102	2,121	2,396	2,385	3,360	3,707	4,130	2,127	1,150
Trade Payables	2,807	3,561	1,265	1,081	920	15	18	14	14	16
	519	368	348	392	254	145	237	193	574	286
Total Liabilities	7,188	8,942	7,627	7,835	7,813	7,387	7,490	7,236	8,364	9,364
	84	77	59	151	126	107	104	61	84	91
Capital Work in Progress	0	0	0	0	0	0	1	0	0	0
	143	153	144	144	144	136	136	136	134	134
	4,119	5,161	4,988	5,259	5,794	5,516	5,622	5,462	6,475	7,024
	0	0	0	0	0	0	0	182	351	636
Cash & Bank	932	1,491	319	227	174	58	40	3	61	134
	1,910	2,059	2,117	2,054	1,574	1,569	1,587	1,390	1,258	1,345
Total Assets	7,188	8,942	7,627	7,835	7,813	7,387	7,490	7,236	8,364	9,364

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,008	474	-1,818	69	83	-746	88	-15	-633	-78
Cash from Investing	-645	-350	886	41	98	118	38	7	3	3
Cash from Financing	101	23	651	-169	-155	575	-115	-29	688	147
	283	7	-300	-68	40	-34	19	-37	57	73

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	54.53	54.53	43.52	39.98	40.08	37.60	37.19	40.72	38.51
	2.57	3.31	5.55	5.06	4.92	6.46	6.31	10.40	12.15
	1.45	1.47	1.16	9.28	9.01	8.18	7.04	5.42	4.31
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	41.45	40.68	49.77	45.67	45.99	47.76	49.47	43.46	45.03

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Disclosure of material issue

2026-09-10 - PC Jeweller Limited has informed regarding Disclosure of material issue

2026-09-08

Copy of Newspaper Publication

2026-09-08 - PC Jeweller Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-08

Disclosure of material issue

2026-09-08 - PC Jeweller Limited has informed regarding Disclosure of material issue

2026-09-07

Updates

2026-09-07 - PC Jeweller Limited has informed the Exchange regarding 'BRSR Report 2025-26'.

2026-09-07

General Updates

2026-09-07 - PC Jeweller Limited has informed the Exchange about General Updates

2026-09-07

Shareholders meeting

2026-09-07 - PC Jeweller Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026

2026-09-03

Disclosure of material issue

2026-09-03 - PC Jeweller Limited has informed regarding Disclosure of material issue

2026-08-24

Amendment to AOA/MOA

2026-08-24 - PC Jeweller Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.

2026-08-24

Shareholders meeting

2026-08-24 - PC Jeweller Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.

News

Recent coverage and analyst commentary for PCJEWELLER

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