MoneyWorks4Me

Priority Jewels Ltd (PRIORITY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544899 NSE: PRIORITY Diamond & Jewellery | Small Cap | Priority Jewels Share Price

₹225 -2.60 (-1.14%)

As on 15-Sep'26 13:32

Priority Jewels Ltd (PRIORITY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544899 NSE: PRIORITY Diamond & Jewellery | Small Cap | Priority Jewels Share Price

₹225 -2.60 (-1.14%)

As on 15-Sep'26 13:32

Key Metrics
Valuation Multiples
Market Cap
₹410 Cr.
Current Price
₹225
52-Week Low / High
₹210 / 248
TTM EPS
₹9.9
TTM Sales
₹539 Cr.
Book Value per Share
₹127.7
P/E Ratio
22.99
Industry PE
53.7
Price to Book (P/B)
1.78
Price to Sales (P/S)
0.76
EV/EBITDA
14.95
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
15.44%
Outperforms industry median
Return on Capital Employed (ROCE)
14.68%
Outperforms industry median
Return on Assets (ROA)
6.63%
Operating Profit Margin
6.3%
Net Profit Margin
3.27%
Gross Profit Margin
4.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
23.32%
Operating Profit Growth (1 Year)
-
227.89%
Net Profit Growth (1 Year)
-
760.98%
Asset Quality
Promoter Holding
70.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹212 Cr.
Equity
₹18 Cr.
Face Value
₹10
All Time Low / High
₹210.30 / 248.25

Priority Jewels stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Priority Jewels Ltd a good quality company?
Priority Jewels Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Priority Jewels Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Priority Jewels Ltd vs industry peers?
Priority Jewels Ltd revenue CAGR is -10.99%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Priority Jewels Ltd?
Promoters hold 70.00% of the Priority Jewels Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Priority Jewels Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Priority Jewels Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 7.8%7.5%7.6%7%5.7%7.9%7%8.2%9.8%13.3%-
Value Creation
Index
-0.4-0.5-0.5-0.5-0.6-0.4-0.5-0.4-0.3-0.1-

Growth Parameters

Sales 328348358385262403471411436537537
Sales YoY Gr.-6.4%2.6%7.7%-31.9%53.8%16.8%-12.8%6.1%23.3%-
Adj EPS 0.20.3-0.2-0.10.73.22.55.78.213.410
YoY Gr.-54.6%-152.9%NANA362.9%-22.5%125.9%44.4%63.4%-
BVPS (₹) 21.922.623.313.754.357.560.175.283.2103.2127.8
Adj Net
Profit
0.71.1-0.6-0.61.25.44.27.210.31818
Cash Flow from Ops. 10.8-7.312.821.116.9814.7-1.82.518.7-
Debt/CF from Ops. 9.8-16.59.14.26.212.98-68.858.25.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.7%15.4%4.5%23.3%
Adj EPS 57.8%80.4%74.7%63.4%
BVPS18.8%13.7%19.7%24%
Share Price - - - -

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
11.5-0.7-0.61.25.84.37.410.314.78.7
Op. Profit
Mgn %
43.83.22.43.94.13.34.75.66.3NAN
Net Profit
Mgn %
0.20.3-0.2-0.10.41.30.91.72.43.33.4
Debt to
Equity
1.41.51.50.91.21.11.21.31.40.7-
Working Cap
Days
2262112252113011861682092111790
Cash Conv.
Cycle
1481551571442101401241531571370

Valuation of Priority Jewels - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'26
Sales1,321994936965907552262539
Operating Expenses + 1,298982918948916545252505
Manufacturing Costs232621222114622
Material Costs1,250933876904856510233459
Employee Cost 121111121312715
Other Costs 14121010261059
Operating Profit 23121816-971034
Operating Profit Margin (%) 1.7%1.2%1.9%1.7%-0.9%1.2%3.9%6.3%
Other Income + 1720151421920
Exceptional Items 00000000
Interest 24222018191089
Depreciation 32221112
Profit Before Tax 1381111-74323
Tax 63443216
Profit After Tax 8577-112218
PAT Margin (%) 0.6%0.5%0.8%0.8%-1.2%0.5%0.8%3.3%
Adjusted EPS (₹)1.90.53.12.8-1.80.61.213.3
Dividend Payout Ratio (%)13.30%0%0%0%0%0%0%0%
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'26

Equity and Liabilities

Shareholders Fund + 929310411310710190138
Share Capital 111111111118413
Reserves 818293102968386125
Debt +30228329030829688104102
Long Term Debt10101010001211
Short Term Debt292273280298296889291
Minority Interest171925302500-0
Trade Payables7185506465654344
Others Liabilities 74844447
Total Liabilities 489484478518497258241291

Fixed Assets

Net Fixed Assets +2119181716161517
Gross Block3132323333343341
Accumulated Depreciation1113141617181825
CWIP 00000002
Investments 0010161210
Inventories1401071321341378981122
Trade Receivables202242184226211125118133
Cash Equivalents 11810512011011818167
Others Assets 81013141491012
Total Assets 489484478518497258241291
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'26
Cash Flow From Operating Activity + -302225-2115-63-418
PBT 1381111-74323
Adjustment 18161411138110
Changes in Working Capital -5253-3912-76-7-10
Tax Paid -11-6-3-43-2-1-7
Cash Flow From Investing Activity + 27-1615-4721-0-018
Capex -1-1-1-1-1-1-0-3
Net Investments 22-239-5215-10-0
Others 587672021
Cash Flow From Financing Activity + 54-40-120-28-382-35
Net Proceeds from Shares 00001001
Net Proceeds from Borrowing 13-18-00001212
Interest Paid -23-21-19-17-19-90-8
Dividend Paid 01000000
Others 63-2717-10-29-10-39
Net Cash Flow 50-3428-678-100-20
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'26
Ratios
ROE (%)8.595.117.396.83-10.032.392.1415.44
ROCE (%)9.397.777.987.072.84.855.7114.68
Asset Turnover Ratio2.72.041.951.941.791.461.052.02
PAT to CFO Conversion(x)-3.754.43.57-3N/A-31.5-21
Working Capital Days
Receivable Days55.7081.408377.6087.90110.90168.9084.80
Inventory Days38.7045.4046.7050.4054.6074.70117.9068.50
Payable Days20.8030.5028.102327.4046.4084.7034.80

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Announcements

Priority Jewels Ltd FAQs

The current trading price of Priority Jewels on 15-Sep-2026 13:32 is ₹225.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Sep-2026 the market cap of Priority Jewels stood at ₹409.7 Cr

The latest P/E ratio of Priority Jewels as of 14-Sep-2026 is 22.75.

The latest P/B ratio of Priority Jewels as of 14-Sep-2026 is 1.78.

The 52-week high of Priority Jewels is ₹248.2 and the 52-week low is ₹210.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Priority Jewels is ₹537 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Priority Jewels Ltd is a below average quality company.

The key valuation ratios of Priority Jewels Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Priority Jewels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Priority Jewels Ltd

Priority Jewels was incorporated as Priority Jewels Private Limited at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated October 12, 2007, issued by the Registrar of Companies, Maharashtra at Mumbai.

Priority Jewels is engaged in designing, manufacturing and sale of a wide range of light-weight, affordable diamond-studded gold and platinum fine jewellery. It sells directly to independent jewellers and jewellery chains in India as well as select international markets. It supplies its products to jewellery chains, including CaratLane Trading, Kalyan Jewellers India, Reliance Retail, Malabar Gold & Diamonds FZCO, Tribhovandas Bhimji Zaveri and Senco Gold. Its ability to blend craftsmanship with innovation has enabled to establish long-standing relationships with major Indian retail jewellery players, reinforcing its position as a trusted supplier to its customers. Its manufacturing process begins with designing and then involves rapid prototyping, model making, mould making, waxing, casting, sprue grinding, filing, polishing, stone setting, final polishing, rhodium plating, and quality control.

Its portfolio primarily comprises daily wear jewellery, including rings, earrings, pendants, neckwear, bracelets and occasion couture jewellery, all of which are developed using contemporary design approaches and modern manufacturing techniques. It also manufactures lab-grown diamond jewellery based on specific orders received from its customers. Its product portfolio is centred on light-weight, affordable, daily wear pieces that are crafted for a wide audience across the country. By focusing on innovative designs, modern aesthetics and functionality, it uniquely positions its offerings to target growing demand from a diverse consumer base with rising disposable incomes and preferences for designer jewellery that reflect both style and practicality.

Business area of the company 

Priority Jewels is primarily into manufacturing of diamond studded jewellery with manufacturing set up in Mumbai. The jewellery is marketed all across India and in the Middle East Countries as well as Western Countries. Its portfolio primarily comprises daily wear jewellery, including rings, earrings, pendants, neckwear, bracelets and occasion couture jewellery, all of which are developed using contemporary design approaches and modern manufacturing techniques.

Products of the company

  • Rings
  • Earrings
  • Pendant Set /Mangalsutras
  • Bracelets
  • Neckwear

History and milestones

  • 2007: Incorporation of the company.
  • 2008: Establishment of its first manufacturing facility in MIDC, Mumbai.
  • 2012: Establishment of its second manufacturing facility in SEEPZ, Mumbai.
  • 2019: Amalgamation of Priority Gold Private Limited into the company.
  • 2023: Introduced continuous printing technology.
  • 2025: Conversion from a private limited company to a public limited company.
  • 2025: Incorporation of its subsidiaries namely, ‘Venice Dia Jewel Private Limited’ and ‘Acura Jewels Private Limited’ and of its Associate ‘Brillix Private Limited’.
  • 2026: Incorporation of its wholly owned Subsidiary ‘Bombay Carats.com Private Limited’.

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