Is AJC Jewel Manufacturers Ltd (544425) a good quality company?

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

Is AJC Jewel Manufacturers Ltd (544425) undervalued or overvalued?

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

What is AJC Jewel Manufacturers Ltd (544425) share price return in the past 10 years?

Data is not available for this company

Is AJC Jewel Manufacturers Ltd (544425) a good buy now?

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.

What is the share price of AJC Jewel Manufacturers Ltd (544425)?

Company share prices are keep on changing according to the market conditions. The current trading price of AJC Jewel Manufacturers Ltd (544425) on 17-Apr-2026 16:59:59 at 16:59 is 105.00.

What is the P/E ratio of AJC Jewel Manufacturers?

The latest standalone P/E ratio of AJC Jewel Manufacturers as of 17-Apr-2026 is 22.25.

What is the P/B ratio of AJC Jewel Manufacturers Ltd (544425)?

The latest standalone P/B ratio of AJC Jewel Manufacturers Ltd (544425) as of 17-Apr-2026 is 1.86.

What is the 52-week high and low of AJC Jewel Manufacturers Ltd (544425)?

The 52-week high of AJC Jewel Manufacturers Ltd (544425) is Rs. 141.75 and the 52-week low is Rs. 71.15.

AJC Jewel Manufacturers Ltd (544425) Share Analysis – Brand Strength, Quality & Valuation Zone & DeciZen Rating

Name: AJC Jewel Manufacturers Ltd (544425)
Brand: AJC Jewel Manufacturers

AJC Jewel Manufacturers Ltd (544425) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

AJC Jewel Manufacturers Ltd (544425)

BSE: 544425 NSE:

Key Metrics

Market Cap

₹64 Cr.

P/E Ratio

22.25

Price to Book (P/B)

1.86

Price to Sales (P/S)

0.29

EV/EBITDA

16.72

Return on Capital Employed (ROCE)

17.71%

Current Price

₹105

Return on Equity (ROE)

21.50%

Return on Assets (ROA)

6.65%

Operating Profit Margin

2.6%

Net Profit Margin

1.3%

Gross Profit Margin

1.9%

Book Value per Share

₹56.6

Sales Growth (YoY)

-10.34%

Sales Growth (3 Years)

20.06%

Operating Profit Growth (1 Year)

4.82%

Operating Profit Growth (3 Years)

38.21%

Net Profit Growth (1 Year)

-11.73%

52-Week Low / High

₹71 / 142

Net Profit Growth (3 Years)

32.75%

Dividend Yield

0.00%

Promoter Holding

56.33%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of AJC Jewel Manufacturers Ltd?

AJC Jewel Manufacturers Ltd revenue growth is -10.3% for FY-2025 , which is below its 5 year CAGR of 0% , indicating slower growth.

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 Revenue growth of AJC Jewel Manufacturers Ltd vs industry peers?

AJC Jewel Manufacturers Ltd revenue CAGR is 0.00% , compared to the industry median CAGR of 5.39% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does AJC Jewel Manufacturers Ltd belong to?

AJC Jewel Manufacturers Ltd belongs to the Consumer Durables sector, operating specifically within the Diamond & Jewellery segment.

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.

DeciZen - make an informed investing decision on AJC Jewel Manufactur

Based on:

Data

M-Cap below 100cr DeciZen not available

AJC Jewel Manufacturers stock performance

Key Ratios

Is AJC Jewel Manufacturers Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	17.8%	24.3%	30.8%	17.7%	-
Value Creation Index ⓘ	0.3	0.7	1.2	0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	127	194	246	220	220
Sales YoY Gr.	-	52.4%	26.6%	-10.3%	-
Adj EPS ⓘ	4.3	7	6.1	5.8	4.7
YoY Gr.	-	62.2%	-13.3%	-4%	-
BVPS (₹) ⓘ	17.8	24.8	26.7	33.1	56.6
Adj Net Profit ⓘ	1.2	2	2.7	2.6	3
Cash Flow from Ops. ⓘ	-4	-2.2	5	-8	-
Debt/CF from Ops. ⓘ	-1.7	-5.7	1.6	-4.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	20.1%	-10.3%
Adj EPS ⓘ	NA	NA	10.5%	-4%
BVPSⓘ	NA	NA	23.1%	23.9%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	24.2	32.9	28.5	19.4	10.5
Op. Profit Mgn % ⓘ	1.7	2	2.2	2.6	6.3
Net Profit Mgn % ⓘ	1	1	1.1	1.2	1.3
Debt to Equity ⓘ	1.3	1.7	0.7	2.2	0
Working Cap Days ⓘ	0	45	49	65	69
Cash Conv. Cycle ⓘ	0	26	22	46	22

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	4.7	-
TTM Sales (₹ Cr.)	220	-
BVPS (₹) ⓘ	56.6	-
Reserves (₹ Cr.) ⓘ	28	-
P/BV ⓘ	1.86	-
PE ⓘ	22.25	-

From the Market
52 Week Low / High (₹)	71.15 / 141.75
All Time Low / High (₹)	71.15 / 141.75
Market Cap (₹ Cr.)	63.7
Equity (₹ Cr.)	6.1
Face Value (₹)	10
Industry PE ⓘ	62.3

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of AJC Jewel Manufactur - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Sales	127.39	194.18	245.89	220.46
Operating Expenses ⓘ +	125.26	190.24	240.50	214.81
Manufacturing Costs	0.16	0.18	0.20	0.49
Material Costs	122.86	185.72	235.13	209.92
Employee Cost	1.81	3.85	4.37	2.82
Other Costs ⓘ	0.42	0.50	0.81	1.58
Operating Profit ⓘ	2.14	3.94	5.39	5.65
Operating Profit Margin (%)	1.7%	2.0%	2.2%	2.6%
Other Income ⓘ +	0.01	0.07	0.95	0.67
Exceptional Items ⓘ	0	0	0	0
Interest ⓘ	0.33	0.91	1.60	2.07
Depreciation ⓘ	0.07	0.24	0.31	0.34
Profit Before Tax ⓘ	1.75	2.86	4.42	3.91
Tax ⓘ	0.53	0.87	1.18	1.05
Profit After Tax	1.22	1.99	3.24	2.86
PAT Margin (%)	1.0%	1.0%	1.3%	1.3%
Adjusted EPS (₹)	4.3	7.0	7.3	6.4
Dividend Payout Ratio (%)	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	5.05	7.04	11.89	14.74
Share Capital ⓘ	2.84	2.84	4.45	4.45
Reserves ⓘ	2.21	4.20	7.44	10.29
Debt +	6.61	12.03	7.73	31.96
Long Term Debt	0	1.41	1.21	1.63
Short Term Debt	6.61	10.62	6.52	30.33
Minority Interest	0	0	0	0
Trade Payables	2.88	15.37	15.02	0.02
Others Liabilities ⓘ	1.89	1.57	2.09	2.63
Total Liabilities ⓘ	16.43	36.01	36.74	49.35
Fixed Assets
Net Fixed Assets ⓘ +	0.85	2.54	3.59	3.27
Gross Block	0.94	2.87	4.23	4.22
Accumulated Depreciation	0.10	0.33	0.65	0.95
CWIP ⓘ	0	0.60	0	0
Investments ⓘ	0	0	0	0
Inventories	0.18	16.53	16.86	22.27
Trade Receivables	14.48	14.58	13.08	17.83
Cash Equivalents	0.11	0.17	0.22	0.72
Others Assets ⓘ	0.83	1.59	3	5.26
Total Assets ⓘ	16.43	36.01	36.74	49.35

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-3.98	-2.16	4.99	-8.03
PBT ⓘ	1.75	2.86	4.42	3.91
Adjustment ⓘ	0.45	1.21	1.89	2.25
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	-0.67	0.08
Capex	-0.13	-2.53	-0.76	-0.06
Net Investments	0	0	0	0
Others ⓘ	0	0	0.09	0.15
Cash Flow From Financing Activity ⓘ +	3.87	4.75	-4.28	8.41
Net Proceeds from Shares ⓘ	0	0	1.61	0
Net Proceeds from Borrowing ⓘ	0	1.41	-0.20	0.19
Interest Paid ⓘ	-0.33	-0.91	-1.60	-2.05
Dividend Paid ⓘ	0	0	0	0
Others ⓘ	4.20	4.24	-4.07	10.27
Net Cash Flow ⓘ	-0.24	0.06	0.05	0.47

Finance Ratio

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	24.22	32.87	34.28	21.5
ROCE (%)	17.8	24.32	30.78	17.71
Asset Turnover Ratio	7.75	7.41	6.76	5.12
PAT to CFO Conversion(x)	-3.26	-1.09	1.54	-2.81
Working Capital Days
Receivable Days	41	27	21	26
Inventory Days	1	16	25	32
Payable Days	9	18	24	13

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AJC Jewel Manufacturers Ltd FAQs

The current trading price of AJC Jewel Manufactur on 17-Apr-2026 16:59 is ₹105.0.

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 16-Apr-2026 the market cap of AJC Jewel Manufactur stood at ₹63.72 Cr

The latest P/E ratio of AJC Jewel Manufactur as of 16-Apr-2026 is 22.25.

The latest P/B ratio of AJC Jewel Manufactur as of 16-Apr-2026 is 1.86.

The 52-week high of AJC Jewel Manufactur 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 Manufactur is ₹220 ( Cr.) .

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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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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AJC Jewel Manufacturers Ltd (544425) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

AJC Jewel Manufactur Share Price