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Khazanchi Jewellers Ltd (543953)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543953 NSE: Trading | Small Cap | Khazanchi Jewellers Share Price

₹618.35 -1.45 (-0.23%)

As on 02-Jul'26 16:59

Khazanchi Jewellers Ltd (543953)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543953 NSE: Trading | Small Cap | Khazanchi Jewellers Share Price

₹618.35 -1.45 (-0.23%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,530 Cr.
Current Price
₹618.4
52-Week Low / High
₹562 / 800
TTM EPS
₹36.1
TTM Sales
₹2,049 Cr.
Book Value per Share
₹129.1
P/E Ratio
17.11
Lower than its 5-year historical median
Industry PE
38.7
Price to Book (P/B)
4.79
Lower than its 5-year historical median
Price to Sales (P/S)
0.75
Lower than its 5-year historical median
EV/EBITDA
12.89
Lower than its 5-year historical median
Dividend Yield
0.08%
Profitability Efficiency
Return on Equity (ROE)
21.43%
Outperforms industry median
Return on Capital Employed (ROCE)
24.07%
Outperforms industry median
Return on Assets (ROA)
15.68%
Operating Profit Margin
3.6%
Net Profit Margin
2.54%
Gross Profit Margin
3.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
115.88%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
57.56%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
64.42%
Asset Quality
Promoter Holding
74.51%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹295 Cr.
Equity
₹24.8 Cr.
Face Value
₹10
All Time Low / High
₹142.30 / 799.50

Khazanchi Jewellers 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 Khazanchi Jewellers Ltd a good quality company?
Khazanchi Jewellers 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 Khazanchi Jewellers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Khazanchi Jewellers Ltd vs industry peers?
Khazanchi Jewellers Ltd revenue CAGR is 37.46%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Khazanchi Jewellers Ltd?
Promoters hold 74.51% of the Khazanchi Jewellers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Khazanchi Jewellers Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 10.95% 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.
Khazanchi Jewellers 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'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8.5%8.1%7.9%14.3%22.9%24.1%-
Value Creation
Index
-0.4-0.4-0.40.00.60.7-

Growth Parameters

Sales 3613822574818211,7722,049
Sales YoY Gr.-5.7%-32.7%87.1%70.8%115.9%-
Adj EPS 2.32.73.17.41118.236.1
YoY Gr.-15.5%14.6%141.4%48.9%64.6%-
BVPS (₹) 22.925.628.936.375.993.5129.1
Adj Net
Profit
2.32.73.17.427.344.989
Cash Flow from Ops. 6.24.5-1.15.8-83.40.1-
Debt/CF from Ops. 12.516.6-74.114.6-0.7580.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA37.5%90.3%115.9%
Adj EPS NA50.9%80.8%64.6%
BVPSNA32.6%47.9%23.3%
Share Price - - - 7.6%

Key Financial Parameters

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
10.21111.322.724.421.432.5
Op. Profit
Mgn %
2.222.93.353.76.1
Net Profit
Mgn %
0.60.71.21.53.32.54.4
Debt to
Equity
3.42.92.92.40.30.30
Working Cap
Days
09215192815468
Cash Conv.
Cycle
08413378745147

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3613822574818211,772
Operating Expenses + 3533742494657801,707
Manufacturing Costs000000
Material Costs3513672454637761,702
Employee Cost 111111
Other Costs 163124
Operating Profit 888164165
Operating Profit Margin (%) 2.2%2.0%2.9%3.3%5.0%3.6%
Other Income + 111111
Exceptional Items 000000
Interest 654654
Depreciation 000000
Profit Before Tax 344103761
Tax 1113916
Profit After Tax 23382745
PAT Margin (%) 0.6%0.7%1.3%1.6%3.3%2.5%
Adjusted EPS (₹)2.32.83.37.611.018.2
Dividend Payout Ratio (%)0%0%0%0%0%2.80%

Valuation of Khazanchi Jewellers - 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'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 23252936188231
Share Capital 101010102525
Reserves 13161926163207
Debt +784654521926
Long Term Debt784654521926
Short Term Debt000000
Minority Interest000000
Trade Payables312112316
Others Liabilities 13031344656
Total Liabilities 104113125145254319

Fixed Assets

Net Fixed Assets +13913131313
Gross Block14913131414
Accumulated Depreciation001111
CWIP 000026
Investments 000034
Inventories87101106128201257
Trade Receivables11322321
Cash Equivalents 022013
Others Assets 31121014
Total Assets 104113125145254319

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 65-16-830
PBT 344103761
Adjustment 554654
Changes in Working Capital -1-3-9-8-115-48
Tax Paid -1-1-1-3-10-16
Cash Flow From Investing Activity + -44-4-1-6-4
Capex -44-4-0-3-4
Net Investments 000-1-2-1
Others 0000-12
Cash Flow From Financing Activity + -4-85-6905
Net Proceeds from Shares 00001240
Net Proceeds from Borrowing 1-328-1-337
Interest Paid -6-5-4-6-5-4
Dividend Paid 00000-1
Others 0292243
Net Cash Flow -210-112

Financial Ratio

PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)10.1711.4512.0623.3624.4121.43
ROCE (%)8.538.147.9414.3322.8624.07
Asset Turnover Ratio3.473.522.163.574.116.19
PAT to CFO Conversion(x)31.67-0.330.75-3.070
Working Capital Days
Receivable Days1.3012.8025.604.60
Inventory Days87.5089.80147.3088.9073.2047.20
Payable Days2.807.4017.3013.405.600.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Khazanchi Jewellers Ltd FAQs

The current trading price of Khazanchi Jewellers on 02-Jul-2026 16:59 is ₹618.4.

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 Khazanchi Jewellers stood at ₹1,530.2 Cr

The latest P/E ratio of Khazanchi Jewellers as of 01-Jul-2026 is 17.11.

The latest P/B ratio of Khazanchi Jewellers as of 01-Jul-2026 is 4.79.

The 52-week high of Khazanchi Jewellers is ₹799.5 and the 52-week low is ₹562.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Khazanchi Jewellers is ₹2,049 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Khazanchi Jewellers Ltd is a average quality company.

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

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

About Khazanchi Jewellers Ltd

The company was incorporated as private limited Company under the name ‘Khazanchi Jewellers Private Limited’ under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated March 25, 1996 issued by Registrar of Companies, Chennai, Tamil Nadu. The company was subsequently converted into a public limited company pursuant to approval of the Shareholders at an Extraordinary General meeting held on January 23, 2023 and consequently, the name of the company was changed to ‘Khazanchi Jewellers Limited’ and a Fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company was issued by Registrar of Companies, Chennai, Tamil Nadu on April 27. 2023.

Khazanchi Jewellers is a prominent player in the Indian jewellery industry, with a strong presence in both wholesale and retail sectors. It specializes in the production and sale of a wide range of jewellery products, including gold jewellery, diamond jewellery, precious stones, and other fancy jewellery and bullion in the form of coins and bars. Its jewellery business has a rich history spanning over three decades in the Indian jewellery industry. Its promoters are experienced entrepreneurs with many years of expertise in the field. It offers a diverse range of jewellery products and is dedicated to designing, manufacturing, and selling high-quality jewellery that includes necklaces, chains, rings, earrings, bangles, bracelets, pendants, nose pins, mangalsutras, and kadas. Its focus is on creating exquisite wedding jewellery and other pieces suitable for festive occasions.

The company holds a BIS Hallmark Certificate, a qualified jeweller to carry out transactions on the IIBX (India International Bullion Exchange IFSC) platform for the purpose of import of gold and it holds a Import Export Certificate. It strives to deliver excellence, consistently. Its constant endeavour is to maintain the highest standard and quality of its gold, diamonds and precious stones used in its jewel pieces. It is offering an experience that takes into consideration its customer's unique needs and preferences. 

Business area of the company

The company is engaged in the Jewellery segment. It primarily deals in Gold and Silver Jewelry. Their wide product range constitutes earrings, necklaces, chains, pendants, rings, bangles, bracelets, nose pins, mangalsutra and so on.


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