PC Jeweller Ltd
NSE: PCJEWELLER · Gems, Jewellery And Watches · sector
₹16.51NSE close 2026-10-26
Key numbers
Market cap₹16,193 cr
Price₹16.51
52w high / low₹19 / ₹7
P/E16.0xSector median 16.4x
P/B1.7xSector median 1.9x
Book value₹9.5
Dividend yield–Sector median 0.46%
ROE10.8%Sector median 14.7%
ROCE10.3%Sector median 15.0%
OPM24.5%Sector median 6.6%
Debt / equity0.03xSector median 0.26x
EV/EBITDA17.8xSector median 15.4x
Interest cover12.6x
Current ratio19.82x
Sales growth 3y+10.7%Sector median +25.6%
Profit growth 3y–Sector median +26.1%
PEG0.35x
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 82 companies in Gems, Jewellery And Watches (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹136 cr vs borrowings ₹1,073 cr (FY26): borrowings are higher by ₹937 cr.
- Operating profit covered interest 12.6x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 1.50 percentage points in a year, to 39.10% (2026-09-30).
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 9% of net profit in the last 12 months.
- Debtor days went from 110 (FY24) to 69 (FY26).
- No dividend in the last 5 financial years.
- Price ₹16.51 on 2026-10-26: -13.7% from the 52-week high, +121.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹17.99 · low ₹7.84
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 639 | 699 | 725 | 825 | 875 | 927 | 877 | 1,054 |
| EBITDA | 112 | 145 | 127 | 178 | 201 | 165 | 242 | 310 |
| OPM % | 17.5% | 20.7% | 17.6% | 21.5% | 22.9% | 17.7% | 27.5% | 29.4% |
| Other income | 44 | 1 | 83 | 70 | 25 | 19 | 2 | 36 |
| Net profit | 148 | 95 | 162 | 210 | 190 | 153 | 222 | 331 |
| EPS (₹) | 0.29 | 0.16 | 0.25 | 0.30 | 0.26 | 0.20 | 0.23 | 0.34 |
| Revenue YoY | +36.9% | +32.7% | +21.0% | +27.8% | ||||
| Profit YoY | +28.5% | +61.3% | +37.2% | +58.0% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,606 | 2,473 | 605 | 2,245 | 3,353 | 3,734 |
| EBITDA | -96 | 248 | -171 | 395 | 670 | 917 |
| Net profit | -391 | -203 | -629 | 578 | 714 | 896 |
| EPS (₹) | -0.84 | -0.44 | -1.35 | 1.13 | 1.00 | 1.03 |
| Revenue growth | +54.0% | -75.5% | +270.8% | +49.4% | +29.3% | |
| Profit growth | – | – | – | +23.7% | +45.9% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +10.7% | +3.5% | +29.3% |
| Net profit | – | +63.0% | +45.9% |
| EPS | – | +45.6% | – |
| Share price | – | +3.1% (2y) | +52.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 3,691 | 2,931 | 6,193 | 8,174 |
| Borrowings | – | 3,630 | 4,087 | 2,065 | 1,073 |
| Cash & equivalents | – | 45 | 7 | 64 | 136 |
| Total assets | – | 7,636 | 7,269 | 8,412 | 9,425 |
| Fixed assets | – | 32 | 25 | 22 | 18 |
| Capital work in progress | – | 1 | 0 | 0 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 430 | 182 | 351 | 636 |
| Inventory | – | 5,791 | 5,633 | 6,649 | 7,214 |
| Payables | – | 17 | 14 | 14 | 16 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -719 | 99 | 64 | -633 | -77 |
| Cash from investing | 115 | 30 | 7 | 2 | 3 |
| Cash from financing | 570 | -111 | -108 | 688 | 147 |
| Capex | 4 | 2 | 0 | 1 | 3 |
| Free cash flow | -723 | 97 | 64 | -633 | -81 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -5.5% | -21.5% | 9.3% | 8.7% |
| ROCE % | – | 5.2% | -1.8% | 6.1% | 9.2% |
| Debtor days | – | 63 | 110 | 57 | 69 |
| Inventory days | – | 1,012 | 3,044 | 1,373 | 1,015 |
| Payable days | – | 3 | 7 | 3 | 2 |
| Cash conversion cycle (days) | – | 1,072 | 3,147 | 1,427 | 1,082 |
| Working capital days | – | 361 | 957 | 806 | 770 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 39.10% |
| FIIs | 10.57% |
| DIIs | 3.78% |
| of which Mutual funds | 0.13% |
| of which Insurance | 0.46% |
| Public (non-institutions) | 46.54% |
| Quarter | Dec 2025 | Jan 2026 | Mar 2026 | Mar 2026 | Mar 2026 | Apr 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 37.19% | 40.94% | 39.83% | 41.10% | 40.72% | 38.49% | 38.49% | 39.10% |
| Promoter group | % |
|---|---|
| Balram Garg | 21.82% |
| NEW Track Garments Private Limited | 5.10% |
| Krishna Devi | 4.94% |
| Pooja Garg | 3.63% |
| Balram Garg (HUF) | 3.58% |
| Shivani Gupta | 0.04% |
| Murti Gupta | 0.00% |
| Sachin Gupta | 0.00% |
| Padam Chand Gupta (HUF) | 0.00% |
| Soumil Garg | 0.00% |
| Ishita Garg | 0.00% |
| Nitin Gupta | 0.00% |
| Public holders above 1% | % |
|---|---|
| Ebisu Global Opportunities Fund Limited | 5.15% |
| Unico Global Opportunities Fund Limited | 3.13% |
| Sanyasi Ayurveda Private | 1.84% |
| Capital Ventures Private Limited | 1.80% |
11,15,358 shareholders. Pledged: 0.00% of promoter shares.
Peers in Gems, Jewellery And Watches
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TITAN | ₹3,83,796 cr | 66.9x | 24.4x | 42.2% | 33.3% | 10.1% | +29.2% | 0.25% |
| KALYANKJIL | ₹52,133 cr | 36.3x | 8.3x | 25.8% | 34.4% | 6.6% | +36.4% | 0.30% |
| LALITHAA | ₹17,374 cr | – | – | – | – | – | – | – |
| PCJEWELLER | ₹16,193 cr | 16.0x | 1.7x | 10.8% | 10.3% | 24.5% | +10.7% | – |
| SKYGOLD | ₹14,535 cr | 43.3x | 12.1x | 35.6% | 26.4% | 7.2% | +76.0% | – |
| THANGAMAYL | ₹14,404 cr | 36.8x | 10.2x | 31.1% | 26.3% | 6.4% | +39.2% | 0.27% |
| BLUESTONE | ₹11,583 cr | 110.7x | 6.3x | 6.0% | 11.9% | 17.0% | – | – |
| PNGJL | ₹7,558 cr | 17.0x | 3.9x | 25.4% | 19.9% | 5.8% | – | – |
| ETHOSLTD | ₹6,486 cr | 62.2x | 4.4x | 8.4% | 12.0% | 12.8% | +26.9% | – |
| TIMEX | ₹6,364 cr | 75.0x | 57.2x | 87.9% | 86.1% | 14.4% | +27.7% | 0.37% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-12-16 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
| 2018-09-19 | Dividend | Annual General Meeting/Dividend Re 0.50 Per Share |
| 2017-07-06 | Bonus | Bonus 1:1 |
| 2017-06-21 | Dividend | Dividend - Re 1/- Per Share |
| 2016-09-09 | Dividend | Annual General Meeting/Dividend - Rs 3.35 Per Share |
| 2015-09-10 | Dividend | Annual General Meeting/ Dividend - Rs 3.20/- Per Share |
| 2014-09-04 | Dividend | Annual General Meeting / Dividend - Rs 1.50/- Per Share |
| 2014-01-30 | Dividend | Interim Dividend - Rs 1.50/- Per Share |
| 2013-09-06 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing & Trading: Manufacturing, trading and sale of gold, diamond, silver, precious stones, gold jewellery / items, diamond studded jewellery and silver articles.
| Sector | Consumer Discretionary |
| Industry | Gems, Jewellery And Watches |
| Sub-industry | Gems, Jewellery And Watches |
| Symbol | PCJEWELLER |
| BSE code | 534809 |
| ISIN | INE785M01021 |
| Face value | ₹1.0 |
| Incorporated | 2005-04-13 |
| Website | www.pcjeweller.com |
| Plants (India / abroad) | 4 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.