Key Metrics 
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10 Yrs X-Ray 
Valuation 
Analyst Note 
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About
PC Jeweller Ltd (PCJEWELLER)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 534809 NSE: PCJEWELLER Diamond & Jewellery | Small Cap | PC Jeweller Share Price
₹14.49 0.89 (6.54%)
As on 23-Sep'26 16:59
PC Jeweller Ltd (PCJEWELLER)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 534809 NSE: PCJEWELLER Diamond & Jewellery | Small Cap | PC Jeweller Share Price
₹14.49 0.89 (6.54%)
As on 23-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹13,273 Cr.
Current Price
₹14.5
52-Week Low / High
₹7 / 14
TTM EPS
₹0.8
TTM Sales
₹3,505 Cr.
Book Value per Share
₹9.1
P/E Ratio
17.13
Higher than its 3-year historical median
Industry PE
52.9
Price to Book (P/B)
1.50
Higher than its 5-year historical median
Price to Sales (P/S)
3.79
Higher than its 5-year historical median
EV/EBITDA
15.76
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
10.47%
Outperforms industry median
Return on Capital Employed (ROCE)
9.68%
In line with industry median
Return on Assets (ROA)
8.03%
Operating Profit Margin
20.1%
Net Profit Margin
21.31%
Gross Profit Margin
21.9%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
49.47%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
70.05%
Net Profit Growth (1 Year)
-
23.67%
Asset Quality
Promoter Holding
38.51%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹7,879 Cr.
Equity
₹976 Cr.
Face Value
₹1
All Time Low / High
₹0.78 / 60.06
Check Before You Invest
Quality
Somewhat GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Strong
Is PC Jeweller Ltd a good quality company?
PC Jeweller Ltd is a average quality company, based on a somewhat consistent 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 PC Jeweller Ltd performance compare with that of its Peers?
Revenue growth of PC Jeweller Ltd vs industry peers?
PC Jeweller Ltd revenue CAGR is 3.48%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of PC Jeweller Ltd?
Promoters hold 38.51% of the PC Jeweller Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of PC Jeweller Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -5.4% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
PC Jeweller Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 22.5% | 23.7% | 6.3% | 8.1% | 6.2% | -1% | 3.5% | -2% | 6.6% | 9.7% | - |
| Value Creation Index ⓘ | 0.7 | 0.8 | -0.6 | -0.4 | -0.6 | -1.1 | -0.8 | -1.2 | -0.5 | -0.3 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 8,099 | 9,486 | 8,369 | 4,939 | 2,669 | 1,574 | 2,359 | 189 | 2,243 | 3,353 | 3,432 |
| Sales YoY Gr. | - | 17.1% | -11.8% | -41% | -46% | -41% | 49.9% | -92% | 1,084.1% | 49.5% | - |
| Adj EPS ⓘ | 1.1 | 1.4 | -0 | 0.1 | 0.2 | -0.9 | -0.9 | -1.4 | 0.9 | 0.7 | 0.7 |
| YoY Gr. | - | 28.7% | -102.9% | NA | 41.7% | -629.4% | NA | NA | NA | -22.1% | - |
| BVPS (₹) ⓘ | 8.7 | 9.9 | 9.9 | 10 | 9.1 | 8.3 | 7.6 | 6.2 | 8.9 | 9.2 | 9 |
| Adj Net Profit ⓘ | 387 | 549 | -14.1 | 47.4 | 81.1 | -417 | -432 | -665 | 544 | 580 | 722 |
| Cash Flow from Ops. ⓘ | 827 | 334 | -1,837 | 60.1 | 97.4 | -727 | 96.4 | -15.4 | -633 | -77.5 | - |
| Debt/CF from Ops. ⓘ | 1 | 3.3 | -1.2 | 38.2 | 23.6 | -4.5 | 37.7 | -265 | -3.3 | -13.8 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -9.3% | 4.7% | 12.4% | 49.5% | ||||
| Adj EPS ⓘ | -5.2% | 31.6% | NA | -22.1% | ||||
| BVPSⓘ | 0.5% | 0% | 6.5% | 2.9% | ||||
| Share Price | -5.4% | 41.4% | 76.2% | 7.3% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.4 | 15.1 | -0.4 | 1.2 | 2 | -10.2 | -11.6 | -20.7 | 12 | 8.1 | 8.2 |
| Op. Profit Mgn % ⓘ | 9.4 | 10.7 | 3.4 | 9.2 | 16.2 | -6.3 | 5.6 | -88.5 | 17.5 | 19.8 | 21.1 |
| Net Profit Mgn % ⓘ | 4.8 | 5.8 | -0.2 | 1 | 3 | -26.5 | -18.3 | -351.3 | 24.3 | 17.3 | 21 |
| Debt to Equity ⓘ | 0.2 | 0.3 | 0.5 | 0.6 | 0.5 | 0.9 | 1 | 1.4 | 0.4 | 0.1 | - |
| Working Cap Days ⓘ | 256 | 255 | 312 | 533 | 1,002 | 1,672 | 1,104 | 13,653 | 1,230 | 930 | 412 |
| Cash Conv. Cycle ⓘ | 107 | 97 | 199 | 417 | 832 | 1,353 | 931 | 11,113 | 1,012 | 786 | 340 |
Valuation of PC Jeweller - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,474 | 9,612 | 8,680 | 5,207 | 2,826 | 1,606 | 2,473 | 605 | 2,245 | 3,353 |
| Operating Expenses ⓘ + | 7,709 | 8,622 | 8,389 | 4,750 | 2,412 | 1,697 | 2,217 | 776 | 1,849 | 2,681 |
| Operating Profit ⓘ | 765 | 990 | 291 | 457 | 415 | -91 | 255 | -171 | 395 | 672 |
| Operating Profit Margin (%) | 9.0% | 10.3% | 3.4% | 8.8% | 14.7% | -5.7% | 10.3% | -28.2% | 17.6% | 20.0% |
| Other Income ⓘ + | 97 | 92 | 84 | 80 | 24 | 53 | 163 | 64 | 127 | 197 |
| Interest ⓘ | 286 | 324 | 354 | 374 | 396 | 442 | 499 | 505 | 52 | 134 |
| Depreciation ⓘ | 22 | 21 | 19 | 37 | 35 | 28 | 27 | 20 | 18 | 21 |
| Profit Before Tax ⓘ | 554 | 737 | 2 | 125 | 8 | -508 | -108 | -632 | 453 | 713 |
| Tax ⓘ | 133 | 201 | 1 | 42 | -54 | -117 | 95 | -2 | -125 | -1 |
| Profit After Tax | 421 | 536 | 1 | 83 | 62 | -391 | -203 | -629 | 578 | 714 |
| PAT Margin (%) | 5.0% | 5.6% | 0.0% | 1.6% | 2.2% | -24.3% | -8.2% | -104.0% | 25.7% | 21.3% |
| Adjusted EPS (₹) | 1.2 | 1.4 | 0.0 | 0.2 | 0.1 | -0.8 | -0.4 | -1.4 | 0.9 | 0.8 |
| Dividend Payout Ratio (%) | 4.30% | 3.70% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 3,338 | 3,866 | 3,878 | 3,966 | 4,248 | 3,871 | 3,673 | 2,931 | 5,684 | 7,960 | |
| Debt + | 692 | 1,055 | 2,102 | 2,283 | 2,294 | 3,283 | 3,630 | 4,087 | 2,065 | 1,073 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 2,997 | 3,622 | 1,262 | 1,090 | 937 | 16 | 17 | 14 | 14 | 16 | |
| Others Liabilities ⓘ | 336 | 417 | 360 | 498 | 357 | 215 | 310 | 229 | 631 | 360 | |
| Total Liabilities ⓘ | 7,363 | 8,960 | 7,603 | 7,838 | 7,836 | 7,385 | 7,631 | 7,262 | 8,393 | 9,409 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 88 | 93 | 74 | 169 | 138 | 121 | 115 | 71 | 94 | 96 | |
| CWIP ⓘ | 0 | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | |
| Investments ⓘ | 9 | 19 | 8 | 8 | 15 | 3 | 2 | 3 | 0 | 0 | |
| Inventories | 4,187 | 5,258 | 5,012 | 5,414 | 5,944 | 5,667 | 5,791 | 5,633 | 6,649 | 7,214 | |
| Trade Receivables | 1,538 | 1,851 | 1,987 | 1,881 | 1,429 | 285 | 430 | 182 | 351 | 636 | |
| Cash Equivalents | 1,192 | 1,556 | 322 | 240 | 178 | 60 | 42 | 5 | 64 | 136 | |
| Others Assets ⓘ | 348 | 183 | 198 | 126 | 131 | 1,250 | 1,251 | 1,368 | 1,236 | 1,326 | |
| Total Assets ⓘ | 7,363 | 8,960 | 7,603 | 7,838 | 7,836 | 7,385 | 7,631 | 7,262 | 8,393 | 9,409 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 794 | 358 | -1,931 | 76 | 91 | -719 | 100 | 64 | -633 | -77 |
| Cash Flow From Investing Activity ⓘ + | -530 | -378 | 978 | 38 | 94 | 115 | 30 | 7 | 2 | 3 |
| Cash Flow From Financing Activity ⓘ + | 47 | -4 | 652 | -170 | -156 | 570 | -111 | -108 | 688 | 147 |
| Net Cash Flow ⓘ | 312 | -24 | -302 | -57 | 30 | -34 | 19 | -37 | 57 | 72 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 15.27 | 14.87 | 0.02 | 2.12 | 1.51 | -9.72 | -5.39 | -19.06 | 13.41 | 10.47 |
| ROCE (%) | 22.29 | 23.17 | 6.45 | 8.1 | 6.28 | -0.96 | 5.4 | -1.77 | 6.61 | 9.68 |
| Asset Turnover Ratio | 1.29 | 1.18 | 1.05 | 0.67 | 0.36 | 0.21 | 0.33 | 0.08 | 0.29 | 0.38 |
| PAT to CFO Conversion(x) | 1.89 | 0.67 | -1931 | 0.92 | 1.47 | N/A | N/A | N/A | -1.1 | -0.11 |
| Working Capital Days | ||||||||||
| Receivable Days | 54.10 | 64.30 | 80.70 | 135.60 | 213.40 | 194.30 | 52.70 | 184.30 | 43.40 | 53.70 |
| Inventory Days | 173.40 | 179.30 | 215.90 | 365.40 | 732.20 | 1,316.30 | 844.70 | 3,438.20 | 998.50 | 754.50 |
| Payable Days | 127.10 | 146 | 110.40 | 94.30 | 162.70 | 123.30 | 3 | 8.40 | 2.90 | 2.10 |
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PC Jeweller Ltd FAQs
The current trading price of PC Jeweller on 23-Sep-2026 16:59 is ₹14.49.
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 22-Sep-2026 the market cap of PC Jeweller stood at ₹13,273 Cr
The latest P/E ratio of PC Jeweller as of 22-Sep-2026 is 18.50.
The latest P/B ratio of PC Jeweller as of 22-Sep-2026 is 1.52.
The 52-week high of PC Jeweller is ₹14.45 and the 52-week low is ₹7.45.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PC Jeweller is ₹3,432 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that PC Jeweller Ltd is a average quality company.
The key valuation ratios of PC Jeweller Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of PC Jeweller Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About PC Jeweller Ltd
PC Jeweller started operations in April 2005 with one showroom at Karol Bagh, New Delhi and is today one of the fastest growing jewellery retail chain. Since its inception, the company has been a pioneer in designs as every product is crafted to a standard of perfection. Whether it is elaborate wedding jewellery or affordable wearables, PC Jeweller has fashioned exceptional designs with unmatched quality. Over time, timeless treasures from PC Jeweller have helped intimate moments become lifetime memories.
Company’s business model consists of setting up large format, stand alone showrooms at high street locations. Its stores stock a wide range of jewellery across all price points, with an increasing focus on diamond jewellery. The company sells only hallmarked jewellery and certified diamond jewellery. This assurance on quality and purity along with transparent and customer friendly policies have enabled PCJ to become an established and trusted brand name in a short time span.
Business area of the company
The Company is one of the leading jewellery companies in India in the organized retail sector. The Company’s businesses include the manufacture, retail and export of jewellery. It offers a wide range of products including 100% hallmarked gold jewellery, Certified diamond jewellery and other jewellery including silver articles, with a focus on diamond jewellery and jewellery for weddings.
Products
- Diamond jewellery
- Gold jewellery
- Gemstone jewellery
- Silver diamond jewellery
- Silver jewellery & articles
Awards
2013-14:
- ‘Century International Gold Quality Era Award’ in the realm of customer satisfaction, leadership, strategic planning and benchmarking as established in the QC100 TQM system, by BID, Business Initiative Directions, Spain;
- ‘Precious Metal Jewellery Plain (Large)’ award at the 40th Indian Gem and Jewellery Awards;
- ‘Regional Retail Chain of the Year’ at 9th Annual Gemfields & Nazraana Retail Jeweller India Awards 2013
2016-17:
- First ranking in the category of Precious Metal Jewellery Plain - Large for the year 2015-16 by the Gem & Jewellery Export Promotion Council.
- First ranking in the category of Highest Taxpayer Company (Rest of Gems & Jewellery items) for the year 2015-16 by the Gem & Jewellery Export Promotion Council.
- Gold Trophy in Reader’s digest Trust Brands 2016.
- Gold Trophy in Northern Region Export Excellence Awards for Outstanding Export Performance in the category of Star Export House - MSME by Federation of Indian Export Organisations.
Milestones
- 2005-06: PC Jeweller opens doors to its first showroom in Karol Bagh with emphasis on wedding jewellery.
- 2007-08: Opens 2 more retail showrooms and ventures into export operations.
- 2008-09: With a total 5 showrooms driving sales, PC Jeweller upgrades its manufacturing facility.
- 2009-10: PC Jeweller gains more ground as five more sprawling showrooms are inaugurated while a new manufacturing facility is set up at Dehradun.
- 2010-11: The Company makes massive headway as seven new showrooms are established a new state-of-the-art manufacturing facility is set up in Noida, Uttar Pradesh.
- 2011-12: Seven more showrooms expands reach. PC Jeweller makes a mark on the Indian Stock Exchange. 2012-13: A total of 12 new showrooms cements PC Jeweller’s footprint on the Indian jewellery market.
- 2013-14: A total of 5 new showrooms added. It now occupies a total retail space of 2,50,000 sq. ft.
- 2014-15: PC Jeweller launches WearYourShine.com, their online retail store.
- 2015-16: After touching the awesome 50 store milestone, PC Jeweller continues its growth journey by launching 60th showroom in Udaipur
- 2016-17: PC Jeweller continues its expansion journey by opening its 75th showroom at Alwar, Rajasthan
- 2017-18: PC Jeweller continues its expansion journey by opening its 93rd showroom at Basheerbagh, Hyderabad (Telangana)
- 2018-19: PC Jeweller continues its expansion journey by opening its 96th showroom at Rewa, Madhya Pradesh
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