16 September 2025
6 mins read
Source: Screener.in/Trendlyne/Economic Times/Live Mint/Moneycontrol
PC Jeweller Ltd. (PCJ), established in 2005, is a jewellery manufacturer and retailer headquartered in New Delhi. The company specialises in producing and selling a wide range of gold, diamond, and silver jewellery. It operates through a combination of company-owned showrooms and franchise outlets, catering to both domestic and international customers. PCJ offers jewellery in both modern and traditional designs, appealing to diverse consumer preferences. Its product range includes bridal collections, rings, chains, bangles, and more. As a public limited company, PCJ is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
PCJ was incorporated in 2005 in New Delhi, starting as a single showroom that gradually grew into a recognised national brand. The company expanded its presence through a combination of owned outlets and franchise models, enabling widespread reach across the country. In addition to its strong domestic growth, PCJ has also ventured into international markets, further enhancing its global footprint. Renowned for its exquisite diamond and bridal collections, PCJ has established a reputation for quality and elegance in the jewellery industry.
PCJ operates in the luxury jewellery and retail sector, which falls under the consumer discretionary category. This sector encompasses products such as gems, ornaments, and precious metals. Market demand is often driven by festive occasions and the wedding season, making these periods crucial for sales. PCJ faces competition from both well-established branded jewellery chains and regional players, navigating a dynamic and highly competitive market environment.
The business focuses on designing and retailing a wide range of jewellery, including gold, diamond, and silver ornaments. It caters to both domestic and international markets by exporting jewellery to global customers. The company operates through a network of showrooms and franchise outlets, ensuring a strong physical presence. Additionally, it has embraced modern retail trends by offering e-commerce and digital jewellery sales, providing customers with convenient access to its products online. This multi-channel approach helps the company reach a diverse customer base while maintaining a blend of traditional and contemporary sales methods.
PCJ aims to offer high-quality jewellery at transparent prices.
The company promotes customer satisfaction through trust and service.
Its vision is to be a recognised name in global jewellery retail.
It emphasises craftsmanship and ethical business practices.
Listed on both the NSE and BSE since December 2012, the company has expanded its presence across India with over 50 showrooms nationwide. It has also ventured into the international export market, broadening its reach beyond domestic borders. To adapt to changing consumer preferences, the company launched online jewellery shopping platforms, making its products more accessible. Additionally, it has diversified its product designs to cater to modern trends, ensuring it stays relevant and appealing to a wide range of customers.
Revenue for FY 2024–25 reached ₹2,244.60 crore.
Net profit for the year was ₹577.70 crore.
Proposed dividend and capital expansion reported.
Share capital increased to ₹635.53 crore.
Continued restructuring under a settlement with lenders.
FY 2024–25 revenue from operations: ₹2,244.60 crore.
Total income: ₹2,371.87 crore.
FY 2024–25 net profit: ₹577.70 crore.
Revenue grew significantly from ₹605.40 crore in FY 2023–24.
Net profit recovered from a loss of ₹629.36 crore last year.
Q4 FY 2024–25 revenue: ₹699.02 crore.
Q4 net profit: ₹94.78 crore.
Performance improved due to store reorganisation and financial restructuring efforts.
Earnings Per Share (EPS) FY 2024–25: ₹1.13 (Basic), ₹0.66 (Diluted).
Share Capital: ₹635.53 crore.
Other Equity: ₹5,557.27 crore.
Debt was significantly reduced compared to the prior year.
Net profit margin improved due to lower finance costs and better margins.
Working capital remained stretched due to high inventory.
Q4 FY 2024–25 EPS: ₹0.16 (Basic), ₹0.10 (Diluted).
FY 2024–25 net profit: ₹577.70 crore.
FY 2024–25 total expenses: ₹1,919.31 crore.
Inventory stood at ₹6,649.15 crore.
Cost control and debt reduction supported margin improvement.
The share prices of the company fluctuated in line with its financial performance, but investor interest revived following a profitable fiscal year 2025. The company is publicly listed on both the National Stock Exchange (NSE) under the symbol PCJEWELLER and the Bombay Stock Exchange (BSE) with the code 534809.
The stock’s 52-week high stands at ₹19.65, while its 52-week low is ₹5.51. This wide range reflects a significant recovery and an overall improvement in market sentiment towards the company.
The company showed improved profitability in FY 2024–25, indicating better cost control and operational efficiency.
It achieved significant debt reduction and restructuring, strengthening its balance sheet and reducing financial risk.
PCJ has a wide retail presence through a mix of showrooms and franchise stores across multiple cities.
The company is increasing its focus on digital sales platforms and expanding its export channels to reach a broader market.
PCJ has a history of past defaults and financial irregularities, which have impacted investor confidence.
The business requires high inventory levels and working capital, which can strain liquidity and operational flexibility.
It reports low earnings per share (EPS) and has experienced volatile profit margins in recent years.
The company has a limited history of consistent dividend payouts, which may be a concern for income-focused investors.
EPS FY 2024–25: ₹1.13 (Basic), ₹0.66 (Diluted).
Equity: ₹635.53 crore.
Other equity: ₹5,557.27 crore.
P/E ratio: 18.99
Return ratios are affected by past losses and write-offs.
The company’s share capital stands at ₹635.53 crore. Holdings by public and institutional investors fluctuate on a quarterly basis. The recent shareholding pattern can be accessed through official exchange filings.
Company | Share Price (₹) | P/E Ratio | P/B Ratio | Market Cap (₹ Cr) | 52‑Week Low (₹) | 52‑Week High (₹) |
PC Jeweller Ltd. | ₹18.70 | 18.99 | 1.74 | ₹10,936 Cr | ₹5.51 | ₹19.65 |
Thangamayil Jewellers | ₹1960.70 | 49.74 | 5.36 | ₹5,905 Cr | ₹1,523.10 | ₹2,567.43 |
Sky Gold & Diamonds | ₹326.65 | 35.08 | 6.80 | ₹4,652 Cr | ₹169.00 | ₹488.55 |
Vaibhav Global | ₹235.75 | 25.86 | 2.94 | ₹3,964 Cr | ₹195.00 | ₹352.75 |
Goldiam International | ₹343.15 | 31.71 | 5.02 | ₹3,712 Cr | ₹164.00 | ₹569.00 |
Motisons Jewellers | ₹22.18 | 48.30 | 5.06 | ₹2,092 Cr | ₹14.02 | ₹33.80 |
Laxmi Goldorna | ₹821.60 | 148.91 | 24.23 | ₹1,576 Cr | ₹245.00 | ₹768.50 |
Khazanchi Jewellers | ₹574.20 | 31.61 | 6.13 | ₹1,420 Cr | — | — |
TBZ | ₹198.69 | 18.86 | 1.96 | ₹1,290 Cr | ₹128.50 | ₹360.36 |
Renaissance Global | ₹120.02 | 16.89 | 0.92 | ₹1,286 Cr | ₹87.40 | ₹207.40 |
The company competes in the mid-range jewellery retail segment, primarily targeting the bridal and festive markets. It faces stiff competition from both national and regional players, making the market highly competitive and challenging.
The company is pursuing expansion through the franchise model, allowing for wider market reach with lower capital investment.
It is focusing on increasing exports and strengthening its presence in the online jewellery segment to tap into new customer bases.
Reduced debt levels are expected to improve future profit margins and enhance overall financial stability.
The company has large export receivables, which, along with ongoing regulatory issues, could impact cash flow and compliance stability.
It faces challenges due to volatile consumer demand, especially in the discretionary luxury segment, like jewellery.
PCJ has a limited brand premium compared to its established peers, which may affect its pricing power and market positioning.
PC Jeweller Ltd. is listed on the National Stock Exchange (NSE) under the symbol PCJEWELLER and on the Bombay Stock Exchange (BSE) with the code 534809.
Investors can track the company’s stock performance and corporate filings through the official websites of NSE and BSE.
Real-time updates, stock prices, and financial data are also available on various financial apps and investor portals.
PC Jeweller Ltd. is a publicly listed private company, not owned by the government. It operates under private management and trades shares on the stock exchanges NSE and BSE.
PC Jeweller Ltd. is listed on NSE under the symbol PCJEWELLER and on BSE with the stock code 534809. Its shares are actively traded across both major Indian exchanges.
According to the FY 2024–25 report, the face value of PC Jeweller Ltd.'s equity shares is ₹1. This nominal value is defined in the company’s official share capital structure.
There is no record of a stock split or bonus issue by PC Jeweller Ltd. in the FY 2024–25 consolidated report or through recent corporate exchange announcements.
The official website of PC Jeweller Ltd. is www.pcjeweller.com, where you can find detailed customer service, investor relations, and corporate contact information in the help section.
Yes, PC Jeweller Ltd. regularly publishes financial statements, updates, and disclosures through its corporate website and official filings submitted to the BSE and NSE exchanges.
PC Jeweller Ltd. earns revenue by manufacturing and selling gold, diamond, and silver jewellery through its retail showrooms, franchises, online platforms, and global export operations.
PC Jeweller Ltd is primarily promoted by Padam Chand Gupta & Balram Garg. They founded the business and hold promoter shareholding.
Its product offerings include hallmarked gold jewellery, diamond jewellery, and silver articles such as rings, chains, bracelets, necklaces, and wedding collections through retail showrooms as well as through e-commerce websites.
As of early January 2026, the market capitalisation of PC Jeweller Ltd was around ₹7,500 crore on the Indian Stock market, although the market values keep changing with market price fluctuations.
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THIRD PARTY PRODUCT DISCLAIMER
Bajaj Financial Securities Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, Bonds, Insurance, PMS, Global Investing, any other third-party products/services. These are not Exchange Traded Products, and we are only acting as distributors. All disputes with respect to the distribution activity, would not have access to SCORES/ODR, Exchange investor redressal forum or Arbitration mechanism. Please refer to the detailed disclaimer for Third-Party Products.
As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.
