PC Jeweller Ltd. (PCJEWELLER) AI Stock Analysis

• Market Cap: ₹79.30B
• Dividend Yield: N/A
• Average Volume (3M): 8.93M
• Price to Earnings (P/E): 11.1
• Beta (1Y): 1.15
• Revenue Growth: 173.56%
• EPS Growth: N/A
• Country: IN
• Employees: 614
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Luxury Goods
• EPS (TTM): 0.25
• Shares Outstanding: 6,575,376,500
• 10 Day Avg. Volume: 6,546,987
• 30 Day Avg. Volume: 8,930,794
• PEG Ratio: -0.07
• Price to Book (P/B): 1.13
• Price to Sales (P/S): 3.11
• P/FCF Ratio: -10.33
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: ₹12.00 ▼(-1.96% Downside)

PC Jeweller's overall stock score is primarily influenced by its financial performance and valuation. While the company shows signs of recovery in profitability and financial stability, technical indicators are bearish, reflecting current market sentiment. The reasonable valuation provides some support, but the lack of dividend yield and cash flow challenges remain concerns.

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 franchisee showrooms. The company also exports its products. PC Jeweller Limited was incorporated in 2005 and is based in Delhi, India.

How the Company Makes Money

PC Jeweller generates revenue primarily through the sale of jewelry products, including gold, diamond, and silver items, which account for the bulk of its earnings. The company operates a multi-channel revenue model that includes retail showrooms, online sales through its e-commerce platform, and participation in various exhibitions and trade shows. Key revenue streams include the direct sale of finished jewelry, customization services, and gold loan services. Additionally, PC Jeweller benefits from partnerships with financial institutions for gold loans, which further enhances its earnings potential. The company's ability to offer seasonal and festival promotions also drives higher sales volumes, contributing to its overall profitability.

PC Jeweller Ltd. Financial Statement Overview

Summary

PC Jeweller shows signs of recovery in profitability and financial stability, with improved margins and leverage management. However, cash flow challenges persist, requiring close attention to ensure sustained operations. Revenue growth is volatile, and while recent trends are positive, continued improvement is necessary to secure long-term growth.

Income Statement

PC Jeweller has shown improvement in profitability with a significant positive net profit margin of 25.74% and a gross profit margin of 19.32% in the latest year. However, revenue growth remains inconsistent, showing a decline from 2020 to 2021, and a recent sharp recovery. Notably, EBIT and EBITDA margins have recovered from negative values in recent years to positive figures, indicating a return to operational efficiency.

Balance Sheet

The company boasts a strong equity base with an equity ratio of 73.6%, indicating financial stability. The debt-to-equity ratio has improved over the years, reflecting better leverage management, though it remains a point to monitor at 0.35. The return on equity is strong at 9.33%, suggesting effective use of shareholder funds, despite past volatility.

Cash Flow

Cash flow performance is mixed, with a concerning negative free cash flow in the latest year despite positive operating cash flow. The operating cash flow to net income ratio is negative, indicating potential sustainability issues. However, free cash flow to net income ratio is improving from previous periods, suggesting gradual recovery.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	25.68B	22.45B	6.05B	24.73B	16.06B	28.26B
Gross Profit	5.41B	4.34B	-701.50M	3.84B	1.93B	5.51B
EBITDA	6.42B	5.22B	-1.16B	4.09B	-479.70M	4.25B
Net Income	5.84B	5.78B	-6.29B	-2.03B	-3.91B	620.00M
Balance Sheet
Total Assets	0.00	84.12B	72.69B	76.36B	75.45B	78.98B
Cash, Cash Equivalents and Short-Term Investments	637.80M	637.80M	73.40M	500.80M	628.50M	1.01B
Total Debt	0.00	21.51B	41.50B	37.36B	33.91B	24.14B
Total Liabilities	-61.93B	22.20B	43.38B	39.45B	36.56B	36.28B
Stockholders Equity	61.93B	61.93B	29.31B	36.91B	38.89B	42.69B
Cash Flow
Free Cash Flow	0.00	-6.75B	637.30M	965.80M	-7.23B	1.14B
Operating Cash Flow	0.00	-6.75B	638.60M	989.50M	-7.19B	1.15B
Investing Cash Flow	0.00	18.60M	70.60M	304.80M	1.15B	943.20M
Financing Cash Flow	0.00	7.31B	-1.08B	-1.11B	5.70B	-1.79B

PC Jeweller Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.24
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 12.24 is above the 20-day moving average (MA) of 12.06, below the 50-day MA of 12.78, and below the 200-day MA of 13.35, indicating a neutral trend. The MACD of -0.26 indicates Negative momentum. The RSI at 49.39 is Neutral, neither overbought nor oversold. The STOCH value of 77.77 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TBZ	63 Neutral	₹12.40B	16.80	―	1.21%	13.93%	22.84%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
PCJEWELLER	59 Neutral	₹79.30B	11.12	―	―	173.56%	―
SENCO	58 Neutral	₹54.65B	25.45	―	0.30%	27.47%	-0.43%
THANGAMAYL	54 Neutral	₹94.53B	50.14	―	0.37%	35.04%	80.12%
RAJESHEXPO	51 Neutral	₹53.66B	72.91	―	―	93.58%	93.53%

PC Jeweller Ltd. Corporate Events

PC Jeweller Regains Control of Delhi Showrooms and Inventory

PC Jeweller Ltd. has successfully regained possession of its showrooms and inventory in Delhi, following a favorable order from the Debts Recovery Appellate Tribunal. This development marks a significant step for the company, as it now holds full control over its assets, potentially strengthening its operational capabilities and market position.

PC Jeweller Regains Control of Key Showrooms and Inventory

PC Jeweller Limited announced the successful completion of a joint settlement agreement with consortium lenders, as directed by the Debts Recovery Appellate Tribunal. The company has regained possession of its showrooms and inventory in Karol Bagh and Noida, previously held by the tribunal, which could positively impact its operational capabilities and market presence.

PC Jeweller Ensures Regulatory Compliance with SEBI Submission

PC Jeweller Limited has submitted a certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ending September 30, 2025. This submission, facilitated by KFin Technologies Limited, ensures compliance with regulatory requirements concerning the dematerialization and rematerialization of securities, reflecting the company’s commitment to maintaining transparency and regulatory adherence in its operations.

PC Jeweller Ltd. Expands Retail Presence with New Delhi Showroom

PC Jeweller Ltd. has announced the opening of a new franchise showroom in Delhi, scheduled for September 22, 2025. This expansion reflects the company’s ongoing strategy to increase its retail footprint, potentially enhancing its market position and providing more accessibility to its products for customers in the region.

PC Jeweller Ltd. Reports Strong Q1 Performance and Debt Reduction Progress

PC Jeweller Ltd. reported a significant increase in its operating profit after tax (PAT) to Rs 164 crores in Q1 of the current financial year, compared to Rs 49 crores in the same period last year, excluding exceptional items. The company has been actively reducing its debt, with a goal to become debt-free by the end of FY 2025-2026, and has raised substantial funds through equity issuance and preferential allotments to cover its remaining outstanding debt.

PC Jeweller Confirms Proper Utilization of Issue Proceeds

PC Jeweller Ltd. has announced that there is no deviation or variation in the utilization of proceeds from its preferential issue of Fully Convertible Warrants, as confirmed by their audit committee. The funds raised have been allocated towards repayment of bank debts, working capital requirements, and general corporate purposes, with no significant changes in the original allocation plan. This announcement underscores the company’s adherence to its financial strategies and commitments, potentially reinforcing stakeholder confidence.