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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

₹9.88 1.10 (12.53%)

As on 02-Jul'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

₹9.88 1.10 (12.53%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹9,594 Cr.
Current Price
₹9.9
52-Week Low / High
₹7 / 20
TTM EPS
₹0.7
TTM Sales
₹3,353 Cr.
Book Value per Share
₹9
P/E Ratio
13.50
Higher than its 3-year historical median
Industry PE
55.1
Price to Book (P/B)
1.10
Higher than its 5-year historical median
Price to Sales (P/S)
2.86
Higher than its 5-year historical median
EV/EBITDA
12.23
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
13.46%
Outperforms industry median
Return on Capital Employed (ROCE)
6.58%
Underperforms industry median
Return on Assets (ROA)
7.37%
Operating Profit Margin
17.4%
Net Profit Margin
25.64%
Gross Profit Margin
20.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
1084.09%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
40.72%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹7,753 Cr.
Equity
₹971.1 Cr.
Face Value
₹1
All Time Low / High
₹0.78 / 60.06

PC Jeweller stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 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?
Q.1 Revenue growth of PC Jeweller Ltd vs industry peers?
PC Jeweller Ltd revenue CAGR is -14.60%, compared to the industry median CAGR of 3.81%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of PC Jeweller Ltd?
Promoters hold 40.72% of the PC Jeweller Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of PC Jeweller Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -7% based on the current price.

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)

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.
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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 26%22.5%23.7%6.3%8.1%6.2%-1%3.5%-2%6.6%-
Value Creation
Index
0.90.70.8-0.6-0.4-0.6-1.1-0.8-1.2-0.5-

Growth Parameters

Sales 7,2328,0999,4868,3694,9392,6691,5742,3591892,2433,353
Sales YoY Gr.-12%17.1%-11.8%-41%-46%-41%49.9%-92%1,084.1%-
Adj EPS 1.11.11.4-00.10.2-0.9-0.9-1.40.90.7
YoY Gr.-1.9%28.7%-102.9%NA41.7%-629.4%NANANA-
BVPS (₹) 6.78.79.99.9109.18.37.66.28.99
Adj Net
Profit
380387549-14.147.481.1-417-432-665544709
Cash Flow from Ops. 70.4827334-1,83760.197.4-72796.4-15.4-633-
Debt/CF from Ops. 13.813.3-1.238.223.6-4.537.7-265-3.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -12.2%-14.6%12.5%1084.1%
Adj EPS -2.3%48.3%NANA
BVPS3.2%-2.4%2.3%42.7%
Share Price -6.6% 29.8% 54.9% -29.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
17.313.415.1-0.41.22-10.2-11.6-20.7128.2
Op. Profit
Mgn %
10.59.410.73.49.216.2-6.35.6-88.517.519.8
Net Profit
Mgn %
5.34.85.8-0.213-26.5-18.3-351.324.321.1
Debt to
Equity
0.40.20.30.50.60.50.911.40.40
Working Cap
Days
2442562553125331,0021,6721,10413,6531,230412
Cash Conv.
Cycle
111107971994178321,35393111,1131,012340

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales7,2328,0999,4868,3694,9392,6691,5742,3591892,243
Operating Expenses + 6,4737,3388,4738,0934,4842,2661,6732,2273581,854
Manufacturing Costs584445241619252475
Material Costs6,2177,0728,1427,7894,2942,1391,3781,9912801,772
Employee Cost 717990112724145533025
Other Costs 128143196167102672251594051
Operating Profit 7597611,012276455403-99132-168390
Operating Profit Margin (%) 10.5%9.4%10.7%3.3%9.2%15.1%-6.3%5.6%-88.9%17.4%
Other Income + 511091009277316014844128
Exceptional Items 0000000000
Interest 25128232134937439644249950552
Depreciation 23222017353326262017
Profit Before Tax 53656677031244-508-245-649448
Tax 137136203645-56-119940-127
Profit After Tax 399431567-37961-390-339-649575
PAT Margin (%) 5.5%5.3%6.0%-0.0%1.6%2.3%-24.8%-14.4%-342.0%25.6%
Adjusted EPS (₹)1.11.21.4-0.00.20.1-0.8-0.7-1.40.9
Dividend Payout Ratio (%)15%4.20%3.50%0%0%0%0%0%0%0%

Valuation of PC Jeweller - 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2,4023,3533,9103,8943,9654,2543,8663,5282,8985,649
Share Capital 179405394395395465465465465636
Reserves 2,2232,9473,5163,4993,5703,7893,4013,0622,4335,013
Debt +9406921,0542,1022,2832,2943,2833,6304,0872,064
Long Term Debt58583012100000
Short Term Debt8826341,0252,0912,2822,2943,2833,6304,0872,064
Minority Interest0000000000
Trade Payables2,1622,8073,5611,2651,08192015181414
Others Liabilities 222336416366505344223314237637
Total Liabilities 5,7267,1888,9427,6277,8357,8137,3877,4907,2368,364

Fixed Assets

Net Fixed Assets +908477591511261071046184
Gross Block112128141127233239225206166175
Accumulated Depreciation224463688211211810210591
CWIP 0000100100
Investments 8143153144144144136136136134
Inventories3,8664,1195,1614,9885,2595,7945,5165,6225,4626,475
Trade Receivables9081,2741,7621,7731,7811,305308324182351
Cash Equivalents 2919321,4913192271745840361
Others Assets 5626362983442732691,2611,2631,3901,258
Total Assets 5,7267,1888,9427,6277,8357,8137,3877,4907,2368,364

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 70827334-1,8376097-72796-15-633
PBT 53656677031244-508-245-649448
Adjustment 207154210270365360497453470-69
Changes in Working Capital -533287-506-2091-420-281-735-119164-1045
Tax Paid -139-181-140-19-815198033
Cash Flow From Investing Activity + -86-645-35088641981183873
Capex -2-15-17-6-1-0-2-22-0
Net Investments -6-355-5608782589903702
Others -78-2752281517830361
Cash Flow From Financing Activity + 1710123651-169-155575-115-29688
Net Proceeds from Shares 0000000001,175
Net Proceeds from Borrowing 88427-9-33-18-12-0000
Interest Paid -203-261-315-341-310-366-151-115-29-43
Dividend Paid -57-72-45-41000000
Others 18973911,06615922372700-444
Net Cash Flow 12837-300-6840-3419-3757

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)18.1815.5715.62-0.0721.48-9.68-9.17-20.2113.46
ROCE (%)26.0122.4723.696.348.066.22-0.963.54-2.046.58
Asset Turnover Ratio1.391.261.181.010.640.340.210.320.030.29
PAT to CFO Conversion(x)0.181.920.59N/A0.761.59N/AN/AN/A-1.1
Working Capital Days
Receivable Days42.3049.2058.4077.10131.30210.60186.6048.80485.4043.40
Inventory Days179.10179.80178.50221.30378.70754.401,308.20860.500971.10
Payable Days116.60128.20142.70113.1099.70170.70123.903.1021.102.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

PC Jeweller Ltd FAQs

The current trading price of PC Jeweller on 02-Jul-2026 16:59 is ₹9.88.

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 01-Jul-2026 the market cap of PC Jeweller stood at ₹9,594 Cr

The latest P/E ratio of PC Jeweller as of 01-Jul-2026 is 13.50.

The latest P/B ratio of PC Jeweller as of 01-Jul-2026 is 1.10.

The 52-week high of PC Jeweller is ₹19.65 and the 52-week low is ₹7.45.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PC Jeweller is ₹3,353 ( 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 Fair 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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