Pc Jeweller Limited (PCJEWELLER)

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Pc Jeweller Limited (PCJEWELLER) · mywealthgrid

About

PC Jeweller operates in gems, jewellery, and watches within Consumer Discretionary. The company runs a retail business with quarterly revenues around ₹800–₹930 Cr and a market cap of ₹9,360 Cr. It is exposed to consumer discretionary cycles and commodity (gold) price volatility.

Face value: ₹1

Market cap

₹12,449 Cr

P/E

16.1×

P/B

1.4×

Dividend yield

ROE

9.9%

ROCE

11.7%

Debt / equity

0.13

OPM

20%

EPS (TTM)

₹0.9

Book value

₹9.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin volatility: OPM swung from 17.39% (Mar 2026) to 27.54% (Jun 2026) — verify what's driving these swings and whether recent expansion will sustain.
Stock down 30.95% in 1 year despite low debt (D/E 0.13) — market may be pricing in demand weakness or structural headwinds; verify consumer footfall and jewelry demand trends.
ROE weak at 9.95% — typical for retail, but verify working-capital efficiency and inventory-turnover quality.
Promoter stake declining (40.72% in Mar 2026 to 38.49% in Jun 2026) without corresponding growth — verify if this reflects anticipated dilution or loss of confidence.

Generated analysis · source review pending

Growth drivers

Recent margin expansion to 27.54% OPM (Jun 2026, up from 17.39% in Mar) — if operational improvements hold, could accelerate earnings per rupee of revenue.
Low leverage (D/E 0.13) frees capital for store expansion or working-capital support if demand inflection occurs.
EPS range of ₹0.18–₹0.30 in recent quarters shows earnings capacity; volume or cost control toward the upper bound would drive growth.
Indian jewelry market demand recovery post-macro stress — verify store footprint expansion plans and same-store sales momentum.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹12.8-3.1%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 20%
+Profit CAGR of 63% over the last 5 years

Cons

−Low return on equity of 1.2% (3-yr avg)
−Modest revenue growth of 3.5% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

65/100

Business quality: 45
Growth: 76
Valuation: 75

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	7,303	8,480	9,615	8,680	5,207	2,826	1,606	2,473	605	2,245	3,353
COGS	6,284	7,430	8,274	8,073	4,552	2,274	1,412	2,089	675	1,767	2,593
Gross profit	1,019	1,049	1,342	607	655	552	194	384	-70	477	760
	267	291	361	325	203	140	290	136	101	83	88
	752	758	981	282	451	412	-96	248	-171	395	671
OPM %	10.3%	8.9%	10.2%	3.3%	8.7%	14.6%	-6%	10%	-28.3%	17.6%	20%
Depreciation	23	22	21	19	37	35	28	27	20	18	21
Interest	245	279	314	346	369	394	437	492	505	51	133
	50	97	92	84	80	24	53	163	64	127	196
Profit before tax	534	554	737	2	125	8	-508	-108	-632	453	713
Tax	136	133	201	1	42	-54	-117	95	-2	-125	-1
Tax %	25.5%	24%	27.3%	69.5%	33.7%	-693.9%	-23%	88.3%	-0.4%	-27.7%	-0.1%
	398	421	536	1	83	62	-391	-203	-629	578	714
PAT margin %	5.5%	5%	5.6%	0%	1.6%	2.2%	-24.3%	-8.2%	-104%	25.7%	21.3%
EPS (₹)	22.3	11.6	14.2	0	2.1	1.5	-8.4	-4.4	-13.5	1.1	1
EPS adjusted (₹)	1.1	1.2	1.4	0	0.2	0.1	-0.8	-0.4	-1.4	0.9	0.8
	15.1%	8.6%	3.5%	0%	0%	0%	—	—	—	0%	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	179	179	394	395	395	465	465	465	465	636	865
Reserves	1,892	3,173	3,531	3,526	—	3,804	3,423	3,225	2,466	5,557	7,309
	681	692	1,054	2,102	—	2,294	3,283	3,630	4,087	2,065	1,073
	1,965	3,353	3,981	1,627	—	1,334	374	315	251	155	178
Total equity & liabilities	4,718	7,397	8,961	7,649	—	7,898	7,545	7,636	7,269	8,412	9,425
	90	88	77	74	60	45	40	33	26	23	19
CWIP	—	0	—	0	—	—	0	1	0	0	0
Investments	15	9	153	8	—	15	3	2	3	0	0
	4,613	7,299	8,731	7,566	—	7,838	7,502	7,600	7,241	8,389	9,406
Total assets	4,718	7,397	8,961	7,649	—	7,898	7,545	7,636	7,269	8,412	9,425

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2022 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities
Domestic	1,409.35	85.53	—	3,511.68
Exports	196.78	-146.3	—	1,476.62

SegmentFigure

Domestic · revenue

₹ crore by fiscal year

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	7%	12.6%	19.5%	12.1%	15.5%	-11.6%	21.3%	22.7%
EBITDA margin %	3.3%	8.7%	14.6%	-6%	10%	-28.3%	17.6%	20%
EBIT margin %	3%	8%	13.4%	-7.7%	8.9%	-31.7%	16.8%	19.4%
PAT margin %	0%	1.6%	2.2%	-24.3%	-8.2%	-104%	25.7%	21.3%
Working capital
Receivable days	84	—	185	65	63	110	57	69
Inventory days	227	—	954	1,465	1,012	3,044	1,373	1,015
Payable days	0	—	150	4	3	7	3	2
NWC days	310	—	988	1,525	1,072	3,147	1,428	1,082
Leverage
Current ratio	2.03	—	2.16	1.7	1.63	1.37	3.3	7.05
Debt to EBITDA	7.45	—	5.56	—	14.64	—	5.23	1.6
Debt to equity	0.54	—	0.54	0.84	0.98	1.39	0.33	0.13
Interest coverage	1	1.3	1	-0.2	0.8	-0.3	9.8	6.4
Asset turnover	1.13	—	0.36	0.21	0.32	0.08	0.27	0.36
Return ratios
Return on assets %	0%	—	0.8%	-5.2%	-2.7%	-8.7%	6.9%	7.6%
Return on capital employed %	8.8%	—	9.2%	-1.7%	9.9%	-3.8%	10.9%	11.7%
Return on equity %	0%	—	1.5%	-10.1%	-5.5%	-21.5%	9.3%	8.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	54.53%	54.53%	54.53%	54.53%	54.53%	43.52%	39.98%	40.08%	37.6%	37.19%	40.72%	38.49%
	0.84%	0.78%	0.93%	2.57%	3.32%	5.55%	5.06%	4.92%	6.46%	6.3%	10.4%	12.15%
	1.49%	1.45%	1.46%	1.49%	1.59%	1.26%	9.37%	9.07%	8.24%	7.08%	5.42%	4.32%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	43.14%	43.24%	43.08%	41.41%	40.56%	49.67%	45.59%	45.93%	47.7%	49.43%	43.46%	45.04%
No. of shareholders	—	—	—	—	—	—	—	—	7,57,340	8,36,238	8,33,144	8,69,669

Promoter holding down 16.04 percentage points since Sep 2023.

66 deals · 29 Jul 2022 – 23 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
23 Sept 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Sell	8,56,18,930	₹14.38	₹123.12 Cr
23 Sept 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Buy	8,56,18,930	₹14.39	₹123.21 Cr
23 Sept 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	5,55,89,253	₹14.44	₹80.27 Cr
23 Sept 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	4,08,89,013	₹14.35	₹58.68 Cr
22 Sept 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Sell	5,38,94,885	₹13.32	₹71.79 Cr
22 Sept 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Buy	5,38,94,884	₹13.28	₹71.57 Cr
11 Sept 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Buy	4,99,99,371	₹13.59	₹67.95 Cr
11 Sept 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Sell	4,91,56,617	₹13.57	₹66.71 Cr
10 Sept 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Sell	6,62,87,508	₹14.06	₹93.20 Cr
10 Sept 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Buy	6,62,87,508	₹14.05	₹93.13 Cr

1–10 of 66

1 / 7

Mr. Balram GargExecutive Director-Chairperson related to Promoter-MD
Mr. Ramesh Kumar SharmaExecutive Director
Mr. Vishan DeoExecutive Director
Mr. Mahesh AgarwalNon-Executive - Independent Director
Mr. Farangi Lal KansalNon-Executive - Independent Director
Mrs. Sannovanda Machaiah SwathiNon-Executive - Independent Director
Vijay PanwarCompany Secretary and Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

0.12%

of the company's equity

All mutual funds

0.1%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

3 schemes · 2 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	1.18 Cr	12.96	0.52%	0.121%	+27.46 L
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	80,702	0.09	0.02%	0.001%	+20,408
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	10,938	0.01	0.02%	0%	+11

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

7

Dividend dividend19 Sept 2018 · ex-date₹0.5
Dividend dividend21 Jun 2017 · ex-date₹1
Dividend dividend9 Sept 2016 · ex-date₹3.35
Dividend dividend10 Sept 2015 · ex-date₹3.2
Final dividend4 Sept 2014 · ex-date₹1.5
Interim dividend30 Jan 2014 · ex-date₹1.5
Dividend dividend6 Sept 2013 · ex-date₹1

1

Board meeting to consider results10 Aug 2026

1

Face value ₹10 → ₹116 Dec 2024 · ex-date

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

49 announcementsExport CSV

1 Oct 2026, 3:00 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Sept 2026, 6:29 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

30 Sept 2026, 5:47 pmCompany Update

Outcome Of The Board Meeting Held On September 30, 2026

General PDF

30 Sept 2026, 5:39 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

30 Sept 2026, 5:00 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

30 Sept 2026, 4:50 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

30 Sept 2026, 2:37 pmCompany Update

Receipt Of No Objection Cum No Dues Cum Release Letter From All The 14 Consortium Banks

General PDF

22 Sept 2026, 1:10 pmCompany Update

Update On Clearance Of Outstanding Debt

General PDF

Date	Category	Subject	Filing
1 Oct 2026, 3:00 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 6:29 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	7%	12.6%	19.5%	12.1%	15.5%	-11.6%	21.3%	22.7%
EBITDA margin %	3.3%	8.7%	14.6%	-6%	10%	-28.3%	17.6%	20%
EBIT margin %	3%	8%	13.4%	-7.7%	8.9%	-31.7%	16.8%	19.4%
PAT margin %	0%	1.6%	2.2%	-24.3%	-8.2%	-104%	25.7%	21.3%
Working capital
Receivable days	84	—	185	65	63	110	57	69
Inventory days	227	—	954	1,465	1,012	3,044	1,373	1,015
Payable days	0	—	150	4	3	7	3	2
NWC days	310	—	988	1,525	1,072	3,147	1,428	1,082
Leverage
Current ratio	2.03	—	2.16	1.7	1.63	1.37	3.3	7.05
Debt to EBITDA	7.45	—	5.56	—	14.64	—	5.23	1.6
Debt to equity	0.54	—	0.54	0.84	0.98	1.39	0.33	0.13
Interest coverage	1	1.3	1	-0.2	0.8	-0.3	9.8	6.4
Asset turnover	1.13	—	0.36	0.21	0.32	0.08	0.27	0.36
Return ratios
Return on assets %	0%	—	0.8%	-5.2%	-2.7%	-8.7%	6.9%	7.6%
Return on capital employed %	8.8%	—	9.2%	-1.7%	9.9%	-3.8%	10.9%	11.7%
Return on equity %	0%	—	1.5%	-10.1%	-5.5%	-21.5%	9.3%	8.7%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Kalyan Jewellers India LimitedKALYANKJILKALYANKJIL	₹54,578 Cr	₹55,102 Cr	₹39,063 Cr	₹2,616 Cr	7%	₹1,435 Cr	3.8%	31.5%	24.3%	136
Lalithaa Jewellery Mart LimitedLALITHAALALITHAA	₹21,708 Cr	₹23,312 Cr	₹25,024 Cr	₹1,674 Cr	6.7%	₹1,010 Cr	4%	54.3%	41.6%	—
Thangamayil Jewellery LimitedTHANGAMAYLTHANGAMAYL	₹15,118 Cr	₹15,943 Cr	₹9,606 Cr	₹621 Cr	6.6%	₹391 Cr	4.1%	39.1%	27.9%	142
Sky Gold And Diamonds LimitedSKYGOLDSKYGOLD	₹12,557 Cr	₹13,426 Cr	₹7,176 Cr	₹520 Cr	6.9%	₹343 Cr	4.5%	45.9%	29.3%	77
Pc Jeweller LimitedPCJEWELLERPCJEWELLER	₹12,449 Cr	₹13,522 Cr	₹3,505 Cr	₹785 Cr	20%	₹775 Cr	21.3%	11.7%	9.9%	1,082
Bluestone Jewellery And Lifestyle LimitedBLUESTONEBLUESTONE	₹12,008 Cr	₹12,753 Cr	₹2,681 Cr	₹442 Cr	16%	₹56 Cr	0.5%	9.8%	1.1%	659
P N Gadgil Jewellers LimitedPNGJLPNGJL	₹7,897 Cr	₹9,477 Cr	₹11,438 Cr	₹669 Cr	5.7%	₹446 Cr	3.8%	34.3%	23.3%	121
Timex Group India LimitedTIMEXTIMEX	₹7,368 Cr	₹7,370 Cr	₹419 Cr	₹32 Cr	7.7%	₹21 Cr	5%	32.7%	29.4%	—
Ethos LimitedETHOSLTDETHOSLTD	₹6,785 Cr	₹6,786 Cr	₹1,728 Cr	₹223 Cr	12.9%	₹106 Cr	6%	10.4%	7.7%	180
Senco Gold LimitedSENCOSENCO	₹5,199 Cr	₹6,769 Cr	₹9,660 Cr	₹999 Cr	11.5%	₹571 Cr	6.8%	38%	25.6%	259
Kddl LimitedKDDLKDDL	₹4,811 Cr	₹4,967 Cr	₹2,322 Cr	₹335 Cr	14.3%	₹97 Cr	6.3%	11.9%	8.8%	192
D. P. Abhushan LimitedDPABHUSHANDPABHUSHAN	₹4,273 Cr	₹4,433 Cr	₹2,340 Cr	₹100 Cr	4.3%	₹62 Cr	2.6%	40.8%	29.4%	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	70	794	358	-1,931	60	115	-719	99	64	-633	-77
	-86	-530	-378	978	41	94	115	30	7	2	3
	17	-47	-4	652	-169	-179	570	-111	-108	688	147
Net cash flow	1	312	-24	—	—	30	-34	19	-37	57	72
Free cash flow	68	775	328	-1,941	59	114	-723	97	64	-633	-81
CFO / Operating profit %	9.4%	104.8%	36.5%	-684.7%	13.3%	27.8%	—	39.9%	—	-160.4%	-11.5%

Pc Jeweller Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Domestic · revenue

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

7

1

1

Announcements

7

1

1

Not in the F&O segment

Announcements

Annual reports

Segment results

Domestic · revenue

Compounded sales growth

Compounded profit growth

Return on equity

Pc Jeweller Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Domestic · revenue

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends7

Board meetings1

Stock splits1

Announcements

Dividends7

Board meetings1

Stock splits1

Not in the F&O segment

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Segment results

Domestic · revenue

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

7

1

1

7

1

1