PC Jeweller Ltd. (IN:PCJEWELLER)
:PCJEWELLER
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PC Jeweller Ltd.
(PCJEWELLER)
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Rating:61Neutral
Price Target:
₹9.50
▼(-0.63% Downside)
Action:Reiterated
Date:05/28/26
The score is primarily driven by improved profitability and a materially strengthened balance sheet, but it is held back by negative operating/free cash flow that weakens confidence in the durability of the turnaround. Technical signals are mixed (short-term support but longer-term downtrend), while the low P/E provides a valuation cushion.
Positive Factors
Profitability Recovery
The company moved from prior losses into materially higher revenue and net income in FY2026, with gross profit expanding significantly. Sustained margin recovery creates operating leverage, supports reinvestment in retail and product mix, and underpins longer-term earnings stability if sustained.
Negative Factors
Weak Cash Conversion
Despite reported profits, the company failed to convert earnings into cash in consecutive years. Persistent negative operating and free cash flow points to working-capital stress and raises refinancing and liquidity risks, limiting the durability of the reported turnaround.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
The company moved from prior losses into materially higher revenue and net income in FY2026, with gross profit expanding significantly. Sustained margin recovery creates operating leverage, supports reinvestment in retail and product mix, and underpins longer-term earnings stability if sustained.
Read all positive factors
PC Jeweller Ltd. (PCJEWELLER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹73.83B
Dividend YieldN/A
Average Volume (3M)8.93M
Price to Earnings (P/E)9.9
Beta (1Y)1.39
Revenue Growth49.38%
EPS Growth-13.65%
CountryIN
Employees614
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)1.03
Shares Outstanding8,016,750,500
10 Day Avg. Volume6,546,987
30 Day Avg. Volume8,930,794
Financial Highlights & Ratios
PEG Ratio-0.66
Price to Book (P/B)0.66
Price to Sales (P/S)1.61
P/FCF Ratio-27.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
PC Jeweller Ltd. Business Overview & Revenue Model
Company Description
PC Jeweller Limited manufactures, retails, and trades in gold jewelry, diamond studded jewelry, and silver items in India. The company sells its jewelry through its showrooms and Website. As of March 31, 2021, it had 82 showrooms, including 11 fra...
How the Company Makes Money
PC Jeweller makes money primarily by selling jewellery products to end customers and, where applicable, through other sales channels (e.g., wholesale/trade and online/e-commerce, if operated by the company). Its core revenue stream is the sale of ...
PC Jeweller Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
32
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.89B | 33.53B | 22.45B | 6.05B | 24.73B | 16.06B |
| Gross Profit | 6.33B | 7.09B | 4.34B | -701.50M | 3.84B | 1.93B |
| EBITDA | 7.60B | 6.50B | 5.22B | -1.16B | 4.09B | -479.70M |
| Net Income | 6.14B | 7.14B | 5.78B | -6.29B | -2.03B | -3.91B |
Balance Sheet | ||||||
| Total Assets | 89.15B | 94.25B | 84.12B | 72.69B | 76.36B | 75.45B |
| Cash, Cash Equivalents and Short-Term Investments | 1.35B | 1.36B | 637.80M | 73.40M | 500.80M | 628.50M |
| Total Debt | 15.94B | 11.66B | 21.51B | 41.50B | 37.36B | 33.91B |
| Total Liabilities | 16.77B | 12.51B | 22.20B | 43.38B | 39.45B | 36.56B |
| Stockholders Equity | 72.38B | 81.74B | 61.93B | 29.31B | 36.91B | 38.89B |
Cash Flow | ||||||
| Free Cash Flow | 333.80M | -2.00B | -6.75B | 637.30M | 965.80M | -7.23B |
| Operating Cash Flow | 342.40M | -1.97B | -6.75B | 638.60M | 989.50M | -7.19B |
| Investing Cash Flow | 11.20M | 3.40M | 18.60M | 70.60M | 304.80M | 1.15B |
| Financing Cash Flow | 315.10M | 2.69B | 7.31B | -1.08B | -1.11B | 5.70B |
PC Jeweller Ltd. Technical Analysis
Positive
9.56
Price Trends
8.85
Positive
9.44
Negative
10.82
Negative
Market Momentum
-0.10
Negative
57.45
Neutral
89.92
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PCJEWELLER, the sentiment is Positive. The current price of 9.56 is above the 20-day moving average (MA) of 8.88, above the 50-day MA of 8.85, and below the 200-day MA of 10.82, indicating a neutral trend. The MACD of -0.10 indicates Negative momentum. The RSI at 57.45 is Neutral, neither overbought nor oversold. The STOCH value of 89.92 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PCJEWELLER.
PC Jeweller Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹9.21B | 6.40 | ― | 1.38% | 22.23% | 195.85% | |
63 Neutral | ₹55.69B | 9.70 | ― | 0.31% | 32.04% | 249.98% | |
62 Neutral | ₹121.91B | 34.46 | ― | 0.37% | 73.17% | 176.39% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ₹73.83B | 9.87 | ― | ― | 49.38% | -13.65% | |
56 Neutral | ₹366.42B | 27.15 | ― | 0.32% | 42.58% | 88.76% | |
54 Neutral | ₹72.73B | 17.76 | ― | ― | 39.59% | 83.30% |
* Consumer Cyclical Sector Average
IN:PCJEWELLER
PC Jeweller Ltd.
9.62
-2.91
-23.22%
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PC Jeweller Ltd. Corporate Events
PC Jeweller Cuts Bank Debt Further as It Advances Toward Debt-Free Goal
Apr 10, 2026
PC Jeweller Ltd. has reported a further reduction of about 14% in its outstanding bank debt under a Joint Settlement Agreement with consortium lenders, aligning with its strategy to become debt-free. This step means the company has now repaid the ...
PC Jeweller Files SEBI Regulation 74(5) Compliance Certificate for March Quarter
Apr 6, 2026
PC Jeweller Ltd. has submitted to BSE and NSE the requisite certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 March 2026, as issued by its registrar and transfer agent KFin Te...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.