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AJC Jewel Manufacturers Ltd (544425)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544425 NSE: Diamond & Jewellery | Small Cap | AJC Jewel Manufact. Share Price

₹97.01 0.00 (0.00%)

As on 22-Jun'26 16:59

AJC Jewel Manufacturers Ltd (544425)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544425 NSE: Diamond & Jewellery | Small Cap | AJC Jewel Manufact. Share Price

₹97.01 0.00 (0.00%)

As on 22-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹59 Cr.
Current Price
₹97
52-Week Low / High
₹71 / 142
TTM EPS
₹13.2
TTM Sales
₹292 Cr.
Book Value per Share
₹59.8
P/E Ratio
7.34
Lower than its 5-year historical median
Industry PE
53.2
Price to Book (P/B)
1.62
Lower than its 5-year historical median
Price to Sales (P/S)
0.20
Lower than its 5-year historical median
EV/EBITDA
6.92
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
21.50%
Outperforms industry median
Return on Capital Employed (ROCE)
17.71%
Outperforms industry median
Return on Assets (ROA)
6.65%
Operating Profit Margin
2.6%
Net Profit Margin
1.3%
Gross Profit Margin
1.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-10.34%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
4.82%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-11.73%
Asset Quality
Promoter Holding
56.33%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹30 Cr.
Equity
₹6.1 Cr.
Face Value
₹10
All Time Low / High
₹71.15 / 141.75

AJC Jewel Manufacturers stock performance

Key Ratios
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Check Before You Invest

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M-Cap below 100cr DeciZen not available

Q.1 Is AJC Jewel Manufacturers Ltd a good quality company?
AJC Jewel Manufacturers Ltd is a quality company, based on a 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.

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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.

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How does AJC Jewel Manufacturers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of AJC Jewel Manufacturers Ltd vs industry peers?
AJC Jewel Manufacturers Ltd revenue CAGR is 20.06%, compared to the industry median CAGR of 13.71%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of AJC Jewel Manufacturers Ltd?
Promoters hold 56.33% of the AJC Jewel Manufacturers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of AJC Jewel Manufacturers Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
View More

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.
AJC Jewel Manufacturers 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'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ17.8%24.3%30.8%17.7%-
Value Creation
Index ⓘ		0.30.71.20.3-

Growth Parameters ⓘ
Sales ⓘ127194246220292
Sales YoY Gr.-52.4%26.6%-10.3%-
Adj EPS ⓘ4.376.15.813.2
YoY Gr.-62.2%-13.3%-4%-
BVPS (₹) ⓘ17.824.826.733.159.8
Adj Net
Profit ⓘ		1.222.72.68
Cash Flow from Ops. ⓘ-4-2.25-8-
Debt/CF from Ops. ⓘ-1.7-5.71.6-4.1-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA20.1%-10.3%
Adj EPS ⓘNANA10.5%-4%
BVPSⓘNANA23.1%23.9%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		24.232.928.519.428.5
Op. Profit
Mgn % ⓘ		1.722.22.65.3
Net Profit
Mgn % ⓘ		111.11.22.8
Debt to
Equity ⓘ		1.31.70.72.20
Working Cap
Days ⓘ		045496571
Cash Conv.
Cycle ⓘ		026224623

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales127.39194.18245.89220.46
Operating Expenses ⓘ + 125.26190.24240.50214.81
Manufacturing Costs0.160.180.200.49
Material Costs122.86185.72235.13209.92
Employee Cost 1.813.854.372.82
Other Costs ⓘ 0.420.500.811.58
Operating Profit ⓘ 2.143.945.395.65
Operating Profit Margin (%) 1.7%2.0%2.2%2.6%
Other Income ⓘ + 0.010.070.950.67
Exceptional Items ⓘ 0000
Interest ⓘ 0.330.911.602.07
Depreciation ⓘ 0.070.240.310.34
Profit Before Tax ⓘ 1.752.864.423.91
Tax ⓘ 0.530.871.181.05
Profit After Tax 1.221.993.242.86
PAT Margin (%) 1.0%1.0%1.3%1.3%
Adjusted EPS (₹)4.37.07.36.4
Dividend Payout Ratio (%)0%0%0%0%

Valuation of AJC Jewel Manufact. - Standalone

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 5.057.0411.8914.74
Share Capital ⓘ 2.842.844.454.45
Reserves ⓘ 2.214.207.4410.29
Debt +6.6112.037.7331.96
Long Term Debt01.411.211.63
Short Term Debt6.6110.626.5230.33
Minority Interest0000
Trade Payables2.8815.3715.020.02
Others Liabilities ⓘ 1.891.572.092.63
Total Liabilities ⓘ 16.4336.0136.7449.35

Fixed Assets

Net Fixed Assets ⓘ +0.852.543.593.27
Gross Block0.942.874.234.22
Accumulated Depreciation0.100.330.650.95
CWIP ⓘ 00.6000
Investments ⓘ 0000
Inventories0.1816.5316.8622.27
Trade Receivables14.4814.5813.0817.83
Cash Equivalents 0.110.170.220.72
Others Assets ⓘ 0.831.5935.26
Total Assets ⓘ 16.4336.0136.7449.35

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -3.98-2.164.99-8.03
PBT ⓘ 1.752.864.423.91
Adjustment ⓘ 0.451.211.892.25
Changes in Working Capital ⓘ -6.08-5.37-0.52-13.17
Tax Paid ⓘ -0.10-0.86-0.80-1.03
Cash Flow From Investing Activity ⓘ + -0.13-2.52-0.670.08
Capex -0.13-2.53-0.76-0.06
Net Investments 0000
Others ⓘ 000.090.15
Cash Flow From Financing Activity ⓘ + 3.874.75-4.288.41
Net Proceeds from Shares ⓘ 001.610
Net Proceeds from Borrowing ⓘ 01.41-0.200.19
Interest Paid ⓘ -0.33-0.91-1.60-2.05
Dividend Paid ⓘ 0000
Others ⓘ 4.204.24-4.0710.27
Net Cash Flow ⓘ -0.240.060.050.47

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)24.2232.8734.2821.5
ROCE (%)17.824.3230.7817.71
Asset Turnover Ratio7.757.416.765.12
PAT to CFO Conversion(x)-3.26-1.091.54-2.81
Working Capital Days
Receivable Days41.5027.3020.5025.60
Inventory Days0.5015.7024.8032.40
Payable Days8.6017.9023.6013.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

AJC Jewel Manufacturers Ltd FAQs

The current trading price of AJC Jewel Manufact. on 22-Jun-2026 16:59 is ₹97.01.

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 21-Jun-2026 the market cap of AJC Jewel Manufact. stood at ₹58.87 Cr

The latest P/E ratio of AJC Jewel Manufact. as of 21-Jun-2026 is 7.34.

The latest P/B ratio of AJC Jewel Manufact. as of 21-Jun-2026 is 1.62.

The 52-week high of AJC Jewel Manufact. is ₹141.8 and the 52-week low is ₹71.15.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of AJC Jewel Manufact. is ₹292 ( Cr.) .

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

The key valuation ratios of AJC Jewel Manufacturers Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

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

About AJC Jewel Manufacturers Ltd

AJC Jewel Manufacturers Limited was originally incorporated under the name ‘Pheonix Gold Castings Private Limited’ under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated March 23, 2018, issued by the Deputy Registrar of Companies, For and on behalf of the Jurisdictional Registrar of Companies, Central Registration Centre. Further the name of the company was changed to ‘AJC Jewel Manufacturers Private Limited’ vide Certificate of Incorporation dated May 14, 2020 by Registrar of Companies - Ernakulam. Subsequently, the status of the company was changed to public limited and the name of the company was changed to ‘AJC Jewel Manufacturers Limited’ vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of the company held on August 05, 2024. The fresh certificate of incorporation consequent to conversion was issued on September 24, 2024, by Centralised Processing Centre.

The company is primarily engaged in the business of manufacturing and designing the wide range of wholesale Gold Jewelleries which includes plain gold, studded and named jewelleries available in 22karat and 18Karat. The company manufacturers the finished gold jewelleries from the raw gold i.e. bullions and required consumables and sell it to dealers, showrooms, corporates and small jewellery shops in the wholesale quantities. It provides an extensive range of jewellery designs of plain gold, rose gold, the jewelleries studded with Cubic Zircon and/ or coloured stones and named jewelleries customized and designed in detail, keeping in mind the customer’s unique preferences and requirements. The company manufactures jewelleries for three categories of Individuals men, women and children.

It caters to a large number of local dealers, showrooms and small-scale jewellery shops who buy its products in bulk quantities. It caters to a variety of customers across mid-market and value market segments and its products are designed by its in-house team of designers who are CAD designers and also certain freelance designers, allowing it to manage a large and diverse portfolio of designs. Its product range includes Anklet, Bangle, Bracelet, Earrings, Necklace, Nose Pin, Pendant, Ring and customized named jewelleries (like Name Bracelet, Name Pendant, Name Ring) based on the dealer’s orders and end customers preferences and demands.

Business area of the company

The company specializes in designing and producing high-quality jewelry and operating a modern factory equipped with advanced machinery for waxing and casting, enabling to create intricate designs with precision.

Products of the company

  • Anklet
  • Bangle
  • Bracelet
  • Earrings
  • Necklace
  • Nose pin
  • Pendant
  • Rings

History and milestones

  • 2018: Incorporation of the Company name and style as Pheonix Gold Castings Private Limited.
  • 2020: Name change to AJC Jewel Manufacturers Private Limited
  • 2021: IS 1417:2016 certified for selling Gold and Gold Alloys, Jewellery/Artefacts - Fineness and Marking with Hallmark.
  • 2022: Company commenced production of 18 K Rose Gold Jewellery.
  • 2023: First Export Sales to A J C Jewellery Trading L.L.C, Maryam OQAD-Fikhree Market Building, Al Buteen, Deira, Dubai, 377347.
  • 2024: Conversion of the Company from Private Limited to Public Limited Company.

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