PC Jeweller Ltd Stock Analysis

BSE: 534809 | NSE: PCJEWELLER | Diamond & Jewellery | Small Cap

BSE Share Price May 20, 18:01
21.05 0.30 (1.45%)

DeciZen - Make an Informed Decision on PC Jeweller

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

FAQs

1. Is PC Jeweller Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that PC Jeweller Ltd is a good quality company.

2. Is PC Jeweller Ltd undervalued or overvalued?

The key valuation ratios of PC Jeweller Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is PC Jeweller Ltd a good buy now?

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

10 Year X-Ray of PC Jeweller:

Analysis of Financial Track Record

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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 42.9%27.8%22.3%19.4%18.4%15.5%16.8%4.2%5%5.6%-
Value Creation Index 2.11.00.60.40.40.20.2-0.7-0.6-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,0424,0185,3256,3497,2328,0999,4868,3694,9392,6692,273
YoY Gr. Rt. %-32.1%32.5%19.2%13.9%12%17.1%-11.8%-41%-46%-
Adj EPS 10.88.210.410.110.610.813.9-0.41.22.1-2.9
YoY Gr. Rt. %--23.8%26.9%-3.2%5.1%1.9%28.9%-102.6%NA70.8%-
BVPS (₹) 20.738.84755.667.193.699.298.7100.4105.987.3
Adj Net Profit 289294374362380387549-14.147.481.1-134
Cash Flow from Ops. -337520-78633470.4827334-1,83760.1121-
Debt/CF from Ops. -1.70.5-1.3213.813.3-1.238.219-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -1.4%-18.1%-34.5%-46%
Adj EPS -16.9%-28%-47.2%70.8%
BVPS 19.99.62.25.5
Share Price - -37.7% -41.9% -19.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 65.630.324.319.717.313.415.1-0.41.22-3
Op. Profit Mgn % 13.612.111.511.510.59.410.73.49.216.210.3
Net Profit Mgn % 9.57.375.75.34.85.8-0.213-5.9
Debt to Equity 10.20.60.30.40.20.30.50.60.5-
Working Cap Days 1812132192302442562553125331,0040
Cash Conv. Cycle 837568116111107971994178340

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.54

Sales growth is good in last 4 quarters at 104.38%

Return on Equity is Poor

Sales growth has been subdued in last 3 years -34.47%

Latest Financials - PC Jeweller Ltd.

Standalone Consolidated
TTM EPS (₹) -2.9 -3.4
TTM Sales (₹ Cr.) 2,273 2,286
BVPS (₹.) 87.3 87.2
Reserves (₹ Cr.) 3,599 3,594
P/BV 0.24 0.24
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 18.65 / 30.80
All Time Low / High (₹) 7.80 / 600.65
Market Cap (₹ Cr.) 966
Equity (₹ Cr.) 465.4
Face Value (₹) 10
Industry PE 76.1

Management X-Ray of PC Jeweller :

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 (%)

Event Update

Analyst's Notes

News

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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