PCJEWELLER

PC Jeweller Limited

Branded gold and diamond jewellery retailer with company-owned and franchise stores

Consumer Discretionary›Consumer Durables›Consumer Durables›Gems, Jewellery And Watches

pcjeweller.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹16.28
Market cap
15,809 Cr
Stock P/E
20.4
P/B
1.72
ROE (FY26)
8.7%
ROCE (FY26)
9.2%
Operating margin (FY26)
19.4%
Debt / equity (FY26)
0.13
OCF / EBITDA (FY26)
-11.5%
OCF / EBITDA (3Y)
-72.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

PC Jeweller sells gold, diamond, silver and gemstone jewellery such as bangles, rings, bracelets and necklaces through showrooms, for bridal, occasional and everyday wear.

Company snapshot

6thBy market cap

Ranked among 39 companies in Gems, Jewellery And Watches.

Segment mix

Reportable segments as of 2022-03-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 100.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Domestic
100.0%
189 Cr3 Cr7,241 Cr
Exports—0 Cr-156 Cr1,600 Cr

What we see

Positives
  • ✓Net margin of 21.3% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales449 Cr40 Cr48 Cr401 Cr505 Cr639 Cr699 Cr725 Cr825 Cr875 Cr927 Cr877 Cr
Operating expenses (approx.)503 Cr113 Cr50 Cr350 Cr419 Cr527 Cr554 Cr598 Cr647 Cr674 Cr763 Cr635 Cr
EBITDA-54 Cr-73 Cr-2 Cr52 Cr86 Cr112 Cr145 Cr127 Cr178 Cr202 Cr164 Cr242 Cr
OPM %-11.9%-182.4%-3.3%12.9%17.0%17.5%20.7%17.6%21.5%23.0%17.7%27.5%
Other income45 Cr3 Cr11 Cr39 Cr44 Cr44 Cr1 Cr83 Cr70 Cr25 Cr19 Cr2 Cr
Interest124 Cr126 Cr130 Cr2 Cr2 Cr3 Cr45 Cr42 Cr36 Cr30 Cr25 Cr14 Cr
Depreciation5 Cr5 Cr4 Cr4 Cr4 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr
Profit before tax-137 Cr-201 Cr-124 Cr85 Cr123 Cr148 Cr96 Cr164 Cr206 Cr190 Cr154 Cr225 Cr
Tax %-0.7%1.3%2.1%-84.4%-44.9%0.0%1.8%1.0%-1.7%0.1%0.4%1.3%
Net profit-138 Cr-198 Cr-122 Cr156 Cr179 Cr148 Cr95 Cr162 Cr210 Cr190 Cr153 Cr222 Cr
EPS (₹)₹-2.97₹-4.25₹-2.61₹3.35₹3.84₹0.29₹0.16₹0.25₹0.30₹0.26₹0.20₹0.23

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8,480 Cr9,615 Cr8,680 Cr5,207 Cr2,826 Cr1,606 Cr2,473 Cr605 Cr2,245 Cr3,353 CrSign in free for the trailing twelve months
Operating expenses (approx.)7,722 Cr8,645 Cr8,398 Cr4,755 Cr2,414 Cr1,702 Cr2,225 Cr777 Cr1,850 Cr2,682 CrSign in free for the trailing twelve months
EBITDA758 Cr971 Cr282 Cr451 Cr412 Cr-96 Cr248 Cr-171 Cr395 Cr671 CrSign in free for the trailing twelve months
OPM %8.9%10.1%3.2%8.7%14.6%-6.0%10.0%-28.3%17.6%20.0%Sign in free for the trailing twelve months
Other income97 Cr91 Cr84 Cr80 Cr24 Cr53 Cr163 Cr64 Cr127 Cr197 CrSign in free for the trailing twelve months
Interest279 Cr304 Cr346 Cr369 Cr394 Cr437 Cr492 Cr505 Cr51 Cr133 CrSign in free for the trailing twelve months
Depreciation22 Cr21 Cr19 Cr37 Cr35 Cr28 Cr27 Cr20 Cr18 Cr21 CrSign in free for the trailing twelve months
Profit before tax554 Cr737 Cr2 Cr125 Cr8 Cr-508 Cr-108 Cr-632 Cr453 Cr713 CrSign in free for the trailing twelve months
Tax %24.0%27.3%69.5%33.7%-693.5%23.0%-88.3%0.4%-27.7%-0.1%Sign in free for the trailing twelve months
Net profit421 Cr536 Cr0.61 Cr83 Cr62 Cr-391 Cr-203 Cr-629 Cr578 Cr714 CrSign in free for the trailing twelve months
EPS (₹)₹11.64₹14.07₹0.02₹2.10₹1.53₹-8.40₹-4.37₹-13.52₹1.13₹1.00Sign in free for the trailing twelve months
Dividend payout %————0.0%———0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital179 Cr394 Cr395 Cr395 Cr465 Cr465 Cr465 Cr465 Cr636 Cr865 Cr
Reserves3,173 Cr3,487 Cr3,526 Cr3,608 Cr3,804 Cr3,423 Cr3,225 Cr2,466 Cr5,557 Cr7,309 Cr
Borrowings692 Cr1,055 Cr2,102 Cr2,283 Cr2,294 Cr3,283 Cr3,630 Cr4,087 Cr2,065 Cr1,073 Cr
Other liabilities3,353 Cr4,049 Cr1,627 Cr1,611 Cr1,334 Cr374 Cr315 Cr251 Cr155 Cr178 Cr
Total liabilities7,397 Cr8,984 Cr7,649 Cr7,897 Cr7,898 Cr7,545 Cr7,636 Cr7,269 Cr8,412 Cr9,425 Cr
Fixed assets (net)87 Cr91 Cr73 Cr59 Cr44 Cr39 Cr32 Cr25 Cr22 Cr18 Cr
CWIP—0.78 Cr0.45 Cr0.75 Cr0.86 Cr—0.70 Cr0 Cr0 Cr0 Cr
Investments9 Cr19 Cr8 Cr8 Cr108 Cr3 Cr2 Cr3 Cr0.01 Cr0.01 Cr
Loans & advances——6 Cr7 Cr19 Cr3 Cr1 Cr0.27 Cr0.20 Cr0.10 Cr
Inventories4,187 Cr5,258 Cr5,012 Cr5,414 Cr5,944 Cr5,667 Cr5,791 Cr5,633 Cr6,649 Cr7,214 Cr
Trade receivables1,538 Cr1,851 Cr1,987 Cr1,881 Cr1,429 Cr1,434 Cr430 Cr182 Cr351 Cr636 Cr
Cash & bank411 Cr387 Cr85 Cr28 Cr58 Cr23 Cr42 Cr5 Cr62 Cr134 Cr
Other assets1,163 Cr1,378 Cr476 Cr501 Cr294 Cr376 Cr1,337 Cr1,421 Cr1,328 Cr1,422 Cr
Total assets7,397 Cr8,984 Cr7,649 Cr7,897 Cr7,898 Cr7,545 Cr7,636 Cr7,269 Cr8,412 Cr9,425 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity794 Cr358 Cr-1,931 Cr76 Cr115 Cr-719 Cr99 Cr64 Cr-633 Cr-77 Cr
Cash from investing-530 Cr-378 Cr978 Cr38 Cr94 Cr115 Cr30 Cr7 Cr2 Cr3 Cr
Cash from financing47 Cr-4 Cr652 Cr-170 Cr-179 Cr570 Cr-111 Cr-108 Cr688 Cr147 Cr
Net cash flow312 Cr-24 Cr-302 Cr-57 Cr30 Cr-34 Cr19 Cr-37 Cr57 Cr72 Cr
Free cash flow (OCF − Capex)775 Cr328 Cr-1,941 Cr73 Cr114 Cr-723 Cr97 Cr64 Cr-633 Cr-81 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %20.6%21.1%5.8%7.9%6.1%-1.0%5.2%-1.8%6.1%9.2%
ROE %12.6%13.8%0.0%2.1%1.5%-10.1%-5.5%-21.5%9.3%8.7%
Debtor days667083132184325631105769
Inventory days203217225401691212210443930953915
Days payable1451495781109631022
Cash conversion cycle1241382524527662441110440311008982
OCF / EBITDA %104.8%36.8%-684.6%16.7%27.8%—39.9%—-160.4%-11.5%
OCF / EBITDA % (3 years)——-38.8%-87.9%-151.9%-68.9%-89.5%—-99.7%-72.3%
Debt / equity0.210.270.540.570.540.840.981.390.330.13
Current ratio1.811.732.032.042.162.021.631.373.307.05
Net debt / EBITDA0.37—7.154.995.42—14.47—5.081.40