PC Jeweller
PC Jeweller Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for PC Jeweller Ltd, framed against the sector median so the premium or discount is obvious at a glance.
PC Jeweller Ltd trades at a P/E of 10.76× and P/B of 0.86×, against the Consumer Cyclical sector median P/E of 34.17×.
Valuation
Profitability
Growth
Financial Health
PC Jeweller Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for PC Jeweller Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
PC Jeweller Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for PC Jeweller Ltd, switchable between annual and quarterly views, consolidated or standalone.
PC Jeweller Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹8,622.96 Cr and reported EPS of ₹0.83.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 9,615 | 8,680 | 5,207 | 2,826 | 1,606 | 2,473 | 605 | 2,245 | 3,353 |
| Other Income | 91 | 84 | 80 | 24 | 53 | 163 | 64 | 127 | 197 |
| Total Income | 9,707 | 8,764 | 5,287 | 2,850 | 1,659 | 2,636 | 670 | 2,372 | 3,550 |
| Cost of Goods Sold (COGS) | 8,274 | 8,073 | 4,552 | 2,274 | 1,412 | 2,089 | 675 | 1,767 | 2,593 |
| Gross Profit | 1,342 | 607 | 655 | 552 | 194 | 384 | -70 | 477 | 760 |
| +Operating Expenses | 371 | 325 | 203 | 140 | 290 | 136 | 101 | 83 | 88 |
| EBITDA | 971 | 282 | 451 | 412 | -96 | 248 | -171 | 395 | 671 |
| +Non-Operating Expenses | 325 | 364 | 407 | 429 | 465 | 519 | 525 | 69 | 153 |
| Profit Before Tax (PBT) | 737 | 2 | 125 | 8 | -508 | -108 | -632 | 453 | 713 |
| +Tax Expense | 201 | 1 | 42 | -54 | -117 | 95 | -2 | -125 | -1 |
| Profit After Tax (PAT) | 536 | 1 | 83 | 62 | -391 | -203 | -629 | 578 | 714 |
| Earnings Per Share (EPS) | 1.36 | — | 0.21 | 0.13 | -0.84 | -0.44 | -1.35 | 0.91 | 0.83 |
| Diluted Shares Outstanding (Nos.) | 394 | 395 | 395 | 465 | 465 | 465 | 465 | 636 | 865 |
| +Additional Disclosures | 17,246 | 16,835 | 9,727 | 5,109 | 3,585 | 4,837 | 1,975 | 3,686 | 5,436 |
| Sales Growth % | — | -9.73 | -40.01 | -45.72 | -43.17 | 53.95 | -75.52 | 270.76 | 49.38 |
| YoY Sales Growth % | — | -9.73 | -40.01 | -45.72 | -43.17 | 53.95 | -75.52 | 270.76 | 49.38 |
| Material Cost % | 92 | 93 | 95 | 111 | 61 | 82 | 86 | 113 | 86 |
| Employee Cost % | 1 | 1 | 2 | 2 | 3 | 2 | 5 | 1 | 1 |
| Other Cost % | 3 | 2 | 2 | 3 | 15 | 3 | 12 | 3 | 2 |
| OPM % | 10 | 3 | 9 | 15 | -6 | 10 | -28 | 18 | 20 |
| Tax % | 27 | 70 | 34 | -694 | 23 | -88 | 0 | -28 | -0 |
| Profit Growth % | — | -99.89 | 13,513.11 | -25.33 | -730.58 | 48.03 | -209.72 | 191.79 | 23.67 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | -0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | -0.00 | 0.00 | 0.00 |
| Additional Fields | 949 | 263 | 414 | 378 | -123 | 221 | -192 | 377 | 650 |
PC Jeweller segment analysis: revenue and profit mix.
Disclosed business segments at PC Jeweller with their share of revenue and profit, switchable between consolidated and standalone reporting.
PC Jeweller discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
PC Jeweller Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy PC Jeweller Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
PC Jeweller Ltd's investment case rests on 7 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
PC Jeweller demonstrates a healthy Return on Equity (ROE) of 12.70%, indicating efficient profit generation from shareholder funds. Its Price-to-Book Value of 1.18 is also attractive, suggesting potential undervaluation relative to its asset base.
The company reported robust quarterly sales growth of 80.70%, showcasing strong market traction and expansion. This significant increase in revenue highlights its ability to capture market share and drive top-line performance.
PC Jeweller's Price-to-Earnings (PE) ratio of 13.20 is notably lower than the sector average of 16.56. This suggests the stock might be undervalued compared to its peers, offering an attractive entry point for long-term investors.
The company maintains a healthy debt-to-equity ratio of 0.35, indicating a conservative capital structure and lower financial risk. This strong balance sheet position provides stability and flexibility for future growth initiatives.
The "Gems Jewellery And Watches" sector, part of Consumer Durables, typically benefits from increasing disposable incomes and economic growth. This provides a favorable external environment for PC Jeweller to expand its market presence.
What can break it.
Promoter holding has significantly declined from 54.53% in September 2022 to 37.61% by September 2025. This substantial reduction could signal a lack of confidence or potential dilution, impacting investor sentiment and long-term stability.
The stock has shown recent volatility, with its current price of 11.70 significantly below its 52-week high of 184.00. This wide range indicates considerable market uncertainty and potential risk for investors seeking stability.
Despite robust quarterly sales growth of 80.70%, the quarterly profit after tax (PAT) only increased by 3.76%. This disparity suggests potential inefficiencies in converting sales into higher profits, which needs closer examination.
The company's Return on Capital Employed (ROCE) is 6.55%, which is relatively low compared to some peers like Titan (19.14%) or Kalyan Jewellers (15.03%). This indicates less efficient use of capital in generating profits.
PC Jeweller operates in a highly competitive "Gems Jewellery And Watches" sector, facing strong rivals like Titan Company and Kalyan Jewellers. This intense competition could pressure margins and limit market share growth.
What would change my mind.
Trim if P/E re-rates above 14 (~0.4× the sector multiple of 34.2). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 14.77. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
PC Jeweller Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — PC Jeweller Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
PC Jeweller Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for PC Jeweller Ltd — derived from the live tape, not yesterday's close.
PC Jeweller Ltd last traded at ₹8.91 with an intraday range of ₹8.84–₹8.99 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹8.91| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 9.29 | +0.38 | +4.23% |
| R3 | 9.14 | +0.23 | +2.54% |
| R2 | 9.06 | +0.15 | +1.72% |
| R1 | 8.99 | +0.08 | +0.86% |
| PIVOT | 8.91 | 0.00 | 0.04% |
| CURRENT | 8.91 | — | — |
| S1 | 8.54 | -0.37 | -4.19% |
| S2 | 8.69 | -0.22 | -2.51% |
| S3 | 8.76 | -0.15 | -1.65% |
| S4 | 8.84 | -0.07 | -0.82% |
PCJEWELLER is trading Below CPR, indicating Bearishness
CPR is Narrower, suggesting likely for trending moves
Day's range: 8.84 ~ 8.95
Trading Inside opening range
PC Jeweller Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for PC Jeweller Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in PC Jeweller Ltd stood at 56.3% of traded volume, against a 20-day average of 41.2%.
PC Jeweller announcements: results, concalls, ratings, M&A.
Filings PC Jeweller sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
PC Jeweller files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 99 documents below.
Disclosure under SEBI Takeover Regulations
BALRAM GARG has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial…
Monitoring Agency Report
Monitoring Agency Reports for the quarter ended March 31, 2026
- 28 Apr 2026Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvalsView PDF
Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
PC Jeweller Limited has informed the Exchange about Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
Updates
PC Jeweller Limited has informed the Exchange regarding 'Update on debt reduction'.
Disclosure of material issue
PC Jeweller Limited has informed regarding Disclosure of material issue
Investor decks & rating reports.
Updates
Updates
Updates
Updates
Updates
PC Jeweller dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue PC Jeweller has declared, sequenced by announce and record date.
PC Jeweller corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About PC Jeweller Ltd: business, sector, key facts.
What PC Jeweller Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
PC Jeweller Ltd operates in the Consumer Cyclical, listed as NSE: PCJEWELLER, BSE: 534809.
PC Jeweller Limited is a prominent player in India's jewelry market, specializing in the manufacturing, sale, and trading of a wide range of gold, diamond, silver, and precious stone jewelry. Their product portfolio is extensive, encompassing a diverse selection of items designed to cater to a broad customer base. This includes various types of rings, earrings, pendants, necklaces, bracelets, bangles, nose pins, and mangalsutras for women, as well as jewelry specifically designed for men. The company's commitment to offering a comprehensive collection ensures it caters to a wide spectrum of tastes and preferences within the Indian jewelry market.
PC Jeweller employs a multi-channel distribution strategy to reach its customers effectively. A significant portion of their sales are generated through their network of company-owned retail showrooms, strategically located to maximize accessibility and brand visibility. Furthermore, they leverage a franchisee model, expanding their reach and market penetration through partnerships with independent businesses. This dual approach allows PC Jeweller to cater to a wider geographical area and diverse customer segments. In addition to physical stores, the company also maintains a robust online presence, offering customers the convenience of shopping for jewelry from the comfort of their homes. This omnichannel approach is crucial for staying competitive in today's dynamic retail landscape.
Beyond the domestic market, PC Jeweller also participates in international trade through exports. This aspect of their business demonstrates their ability to compete on a global scale and capitalize on international demand for Indian-made jewelry. The specifics of their export markets and the scale of their international operations are not detailed in the provided information. However, the inclusion of exports in their business model highlights their ambition to grow beyond the Indian market and establish themselves as a significant player in the global jewelry industry.
Established in 2005 and headquartered in New Delhi, PC Jeweller has built a substantial presence in the Indian jewelry sector over the years. Their integrated approach, combining manufacturing, retail, and export activities, has enabled them to control various aspects of their value chain, fostering efficiency and potentially enhancing profitability. The company's success is a testament to their understanding of customer preferences, their adaptable distribution strategy, and their ability to navigate the complexities of the jewelry market both domestically and internationally.
Questions investors ask about PC Jeweller Ltd (PCJEWELLER).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of PC Jeweller Ltd (PCJEWELLER)?
The current share price of PC Jeweller Ltd (PCJEWELLER) is ₹8.91. Today, the stock has declined by ₹0.02 (0.22%), trading in a range of ₹8.84 to ₹8.99. The stock opened at ₹8.93 with a trading volume of 4,48,29,041 shares.
02Is PC Jeweller Ltd stock a good investment for long-term?
PC Jeweller Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹8,622.96 crores, P/E ratio of 10.76, ROE of 9.95%, and ROCE of 6.55%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of PC Jeweller Ltd stock?
The 52-week high price of PC Jeweller Ltd (PCJEWELLER) is ₹19.65, while the 52-week low is ₹7.47. Currently trading at ₹8.91, the stock is 11.8% away from its 52-week low and 54.7% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy PC Jeweller Ltd stock at the current price?
Whether to buy PC Jeweller Ltd stock at ₹8.91 depends on multiple factors. The stock is currently trading with a P/E ratio of 10.76 and P/B ratio of 0.86. Today's performance shows a loss of 0.22%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of PC Jeweller Ltd and when is the next dividend?
PC Jeweller Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹8.91, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of PC Jeweller Ltd?
PC Jeweller Ltd's key financial metrics include: P/E Ratio: 10.76, P/B Ratio: 0.86, ROE: 9.95%, ROCE: 6.55%, Dividend Yield: 0.00%, EPS: ₹0.83, Book Value: ₹10.36, and Debt-to-Equity: 14.27. The company's market cap stands at ₹8,622.96 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is PC Jeweller Ltd stock performing today in the market?
PC Jeweller Ltd stock opened at ₹8.93 and is currently trading at ₹8.91, showing a decline of ₹0.02 (0.22%). The intraday high is ₹8.99 and low is ₹8.84. The trading volume stands at 4,48,29,041 shares, indicating strong market participation today.
08What is the P/E ratio of PC Jeweller Ltd and what does it indicate?
PC Jeweller Ltd has a Price-to-Earnings (P/E) ratio of 10.76, which means investors are willing to pay ₹10.76 for every ₹1 of earnings. With an EPS of ₹0.83, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about PC Jeweller Ltd (PCJEWELLER) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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