Khazanchi Jewellers Ltd
543953Khazanchi Jewellers Ltd's earnings have outrun its stock. EPS grew +98.8% in a year against a +6.7% price move.
The sharpest disagreement: profits are rising, but only −73% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a downtrend (9 weeks in) while the P/E sits at the 12th percentile of its own 2-year range. Underneath, the last four quarters read improving — profit +100.0% year on year, and −73% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Khazanchi Jewellers Ltd trades at ₹631, in a downtrend and 9 weeks into that stage. That is −4.0% against its own 200-day average. It sits at 23% of a 52-week range of ₹586 to ₹783. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (20 weeks and counting).
Today the stock is in a downtrend — week 9 of stage 4, confirmed. At ₹631 it trades −4.0% versus its 200-day average and sits at 23% of its 52-week range (₹586–₹783).
Against the market, two honest reads. Cumulative: over the last 2.9 years the stock moved +337% while the NIFTY 500 moved +38% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (20 weeks and counting; last ahead the week of 2026-03-20) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 12th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Khazanchi Jewellers Ltd trades at 18.6× P/E, near the bottom of its own range — cheaper only 12% of the time. Its long-run median P/E is 31.6×, measured across 2.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 18.6× is near the bottom of its own range — cheaper only 12% of the time, against a long-run median of 31.6× measured over 2.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.
Why the multiple sits where it does: over the past year annual EPS moved +98.8% against a +6.7% price move — earnings outran the price, pushing the multiple DOWN its own range.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Khazanchi Jewellers Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 6 quarters across 1 curve, on partial evidence.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +15.6% | +62.1% | +39.9% | — |
| Profit | +97.8% | +123.2% | +97.0% | — |
| EPS | +98.8% | — | — | — |
| Share price | +6.7% | +63.5% | — | — |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
66.3/100 — rank 5 of 26 in Diamond, Gems & Jewellery · 66% evidence confidence
Khazanchi Jewellers Ltd scores 66.3 out of 100 against the 26 companies it is compared with in Diamond, Gems & Jewellery, ranking 5. Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
The four contributions add to the total exactly: 26.4 + 18.2 + 10.1 + 11.6 = 66.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Khazanchi Jewellers Ltd reported ₹508 Cr of revenue in the Mar 26 quarter, −18.3% year on year. Over 6 years it has compounded at 33.6% a year. The last full year, FY26, came in at ₹2,049 Cr. The last four reported quarters add to ₹2,050 Cr.
Khazanchi Jewellers Ltd reported ₹508 Cr of revenue in the Mar 26 quarter, −18.3% year on year. Over 6 years it has compounded at 33.6% a year. The last full year, FY26, came in at ₹2,049 Cr. The last four reported quarters add to ₹2,050 Cr.
FY26 revenue came in at ₹2,049 Cr (+15.6% on the year), capping 6 years at 33.6% compound. The latest quarter (Mar 26) printed ₹508 Cr, −18.3% year on year.
Pace check: the last four quarters averaged +20.9% growth against the decade's 33.6% — the current year is running slower than its own long-run rate.
→ Revenue slipped — did margins hold as it scaled? Next: 7.0% this quarter (+4.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Khazanchi Jewellers Ltd's operating margin is 7.0% in the Mar 26 quarter, +4.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 7 fiscal years the operating margin has ranged 2.0% to 6.0%. The current quarter is running above every full year in that window.
Khazanchi Jewellers Ltd's operating margin is 7.0% in the Mar 26 quarter, +4.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 7 fiscal years the operating margin has ranged 2.0% to 6.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 7.0%, +4.0 pp against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 2.0%–6.0%, and FY26's 6.0% is the top of that band — a record year.
Why the margin moved: operating margin went +4.1 pp year on year while gross margin went +4.5 pp — the gain came mostly from the gross line: input costs and pricing.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
→ Margins held — did that reach the bottom line? Next: profit +100.0% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Khazanchi Jewellers Ltd earned ₹26.0 Cr of net profit in the Mar 26 quarter, +100.0% year on year. It is the 4th consecutive quarter of growth. Full-year FY26 profit was ₹89.0 Cr. The 6-year compound rate is 88.2%. That is 5.1% of the quarter's revenue. The same quarter a year earlier earned ₹13.0 Cr.
Khazanchi Jewellers Ltd earned ₹26.0 Cr of net profit in the Mar 26 quarter, +100.0% year on year. It is the 4th consecutive quarter of growth. Full-year FY26 profit was ₹89.0 Cr. The 6-year compound rate is 88.2%. That is 5.1% of the quarter's revenue. The same quarter a year earlier earned ₹13.0 Cr.
Mar 26 profit was ₹26.0 Cr, +100.0% year on year — the 4th consecutive quarter of growth. On the full year, FY26 printed ₹89.0 Cr (+97.8%), and the 6-year compound rate is 88.2%.
Why profit moved: revenue contributed −18.3% and the margin +4.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +98.3% vs revenue +20.9%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: −73% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −73% of Khazanchi Jewellers Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−36.0 Cr of operating cash against ₹89.0 Cr of profit. After ₹7.0 Cr of capital spending, ₹−43.0 Cr was left as free cash.
FY26: operating cash of ₹−36.0 Cr against reported profit of ₹89.0 Cr, leaving free cash of ₹−43.0 Cr after ₹7.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −73% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −73%: the cash cycle tightened 13 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: the bigger cash user is investment — capital spending ran 13.0× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹13.0 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Khazanchi Jewellers Ltd's cash conversion cycle runs 76 days in FY26, down from 89 days in FY21. Capital spending ran ₹13.0 Cr over the last 3 years. At FY26 sales of ₹2,049 Cr each day of that cycle holds about ₹5.6 Cr, so roughly ₹427 Cr sits inside the business at any moment.
FY26: debtors at 4 days, inventory at 78 days — roughly 2.6 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 76 days, tighter than FY21's 89.
The full loop: cash goes out to suppliers and production on day 0; stock waits 78 days to sell; customers pay about 4 days after that; and suppliers themselves are paid at 5 days — netting out to the 76-day cycle.
In money terms: at FY26 sales of ₹2,049 Cr, each day of the cycle holds about ₹5.6 Cr — so the 76-day loop keeps roughly ₹427 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹13.0 Cr over the last 3 fiscal years against ₹1.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 35%.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Khazanchi Jewellers Ltd earns a ROCE of 35% in FY26. That is up from a trough of 8% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 4.3% net margin on 4.40× asset turns.
FY26 ROCE is 35%, recovered from a FY21 trough of 8% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 4.3% net margin × 4.40× asset turns × 1.46× balance-sheet leverage ≈ 27.6% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.34.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Khazanchi Jewellers Ltd carries ₹110 Cr of borrowings against ₹320 Cr of equity in FY26, a debt-to-equity of 0.34. Operating profit covers the interest bill 21×. Over 5 years borrowings went from ₹75.0 Cr to ₹110 Cr. Capital spending ran ₹13.0 Cr across the last 3 of those years.
FY26: borrowings of ₹110 Cr against equity of ₹320 Cr — a debt-to-equity of 0.34. Operating profit covers the interest bill 21×. Over 5 years borrowings went from ₹75.0 Cr to ₹110 Cr while capital spending ran ₹13.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.
→ Who owns this, and are they adding or leaving? Next: Domestic institutions cut 1.4 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions cut 1.4 points of Khazanchi Jewellers Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 0.1% of the company. Promoters moved +0.0 points over the same window, to 74.5%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: −1.4 points over 8 quarters to 0.1%; Promoters: +0.0 points over 8 quarters to 74.5%; Foreign institutions: +0.0 points over 8 quarters to 0.0%.
🚨 Why the register moved: domestic institutions drove it (−1.4 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Khazanchi Jewellers Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Khazanchi Jewellers Ltd this page | 18.6× | ₹1,666 Cr | No read | |||
| Titan Company Ltd | 80.6× | ₹4.2L Cr | Turning around | |||
| Kalyan Jewellers India Ltd | 43.0× | ₹59,233 Cr | Consistent | |||
| Thangamayil Jewellery Ltd | 60.7× | ₹21,467 Cr | Improving | |||
| Bluestone Jewellery & Lifestyle Ltd | 209.0× | ₹11,772 Cr | — | No read | ||
| Sky Gold & Diamonds Ltd | 36.8× | ₹10,124 Cr | Mixed | |||
| PC Jeweller Ltd | 12.6× | ₹9,011 Cr | No read | |||
| P N Gadgil Jewellers Ltd | 21.3× | ₹8,780 Cr | Mixed | |||
| Senco Gold Ltd | 10.9× | ₹6,273 Cr | Turning around | |||
| Vaibhav Global Ltd | 15.7× | ₹4,216 Cr | Improving | |||
| Rajesh Exports Ltd | 20.9× | ₹3,510 Cr | Improving | |||
| D.P. Abhushan Ltd | 74.8× | ₹3,032 Cr | Consistent | |||
| Rajesh Exports Ltd | 23.3× | ₹2,626 Cr | Mixed | |||
| D.P. Abhushan Ltd | 12.3× | ₹2,295 Cr | Consistent | |||
| Shringar House of Mangalsutra Ltd | 18.3× | ₹2,118 Cr | No read | |||
| Khazanchi Jewellers Ltd | 24.0× | ₹1,836 Cr | No read | |||
| Tribhovandas Bhimji Zaveri Ltd | 8.5× | ₹1,728 Cr | No read | |||
| Motisons Jewellers Ltd | 25.2× | ₹1,612 Cr | Mixed | |||
| Shanti Gold International Ltd | 10.9× | ₹1,523 Cr | No read | |||
| PNGS Reva Diamond Jewellery Limited | 19.9× | ₹1,287 Cr | — | — | — | — |
| Utssav CZ Gold Jewels Ltd | 21.1× | ₹1,248 Cr | No read | |||
| Asian Star Company Ltd | 24.0× | ₹971 Cr | Turning around | |||
| PNGS Gargi Fashion Jewellery Ltd | 25.8× | ₹785 Cr | Mixed | |||
| SJ Corporation Ltd | — | ₹776 Cr | — | — | — | — |
| Manoj Vaibhav Gems N Jewellers Ltd | 6.6× | ₹761 Cr | Topping out | |||
| Radhika Jeweltech Ltd | 10.0× | ₹751 Cr | Consistent | |||
| PNGS Gargi Fashion Jewellery Ltd | 21.8× | ₹685 Cr | Topping out | |||
| RBZ Jewellers Ltd | 10.3× | ₹564 Cr | Mixed | |||
| Uday Jewellery Industries Ltd | 13.7× | ₹491 Cr | Mixed | |||
| Golkunda Diamonds & Jewellery Ltd | 16.0× | ₹195 Cr | Mixed |
Frequently asked questions
What is Khazanchi Jewellers Ltd's share price today?
Khazanchi Jewellers Ltd trades at ₹631, +6.7% over the past year. The company is valued at ₹1,666 Cr. The stock sits at 23% of its 52-week range of ₹586–₹783, −4.0% versus its 200-day average. On the tape, the price is in a downtrend, 9 weeks in. — as of 24 July 2026.
What were Khazanchi Jewellers Ltd's latest quarterly results?
Khazanchi Jewellers Ltd reported revenue of ₹508 Cr and net profit of ₹26.0 Cr for the Mar 26 quarter. Revenue fell 18.3% and profit rose 100.0% year on year. Earnings per share were ₹10.34. The operating margin was 7.0%, 4.0 pp higher than a year earlier. — as of 24 July 2026.
What is Khazanchi Jewellers Ltd's revenue?
Khazanchi Jewellers Ltd reported revenue of ₹508 Cr in the Mar 26 quarter, −18.3% year on year. For the full FY26 fiscal year, revenue was ₹2,049 Cr (+15.6%). Over the last 6 years revenue compounded at 33.6% a year. — as of 24 July 2026.
What is Khazanchi Jewellers Ltd's profit?
Khazanchi Jewellers Ltd earned ₹26.0 Cr of net profit in the Mar 26 quarter, +100.0% year on year — the 4th straight quarter of growth. Full-year FY26 profit was ₹89.0 Cr. The operating margin ran 7.0% in the latest quarter. — as of 24 July 2026.
What is Khazanchi Jewellers Ltd's market cap?
Khazanchi Jewellers Ltd's market capitalisation is ₹1,666 Cr at a share price of ₹631. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Khazanchi Jewellers Ltd's P/E ratio?
Khazanchi Jewellers Ltd trades at a P/E of 18.6×, at the 12th percentile of its own 2-year range, against a long-run median of 31.6×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Khazanchi Jewellers Ltd pay a dividend?
No — Khazanchi Jewellers Ltd has recorded a dividend payout of 0% of profit in each of its last 7 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 24 July 2026.
Is Khazanchi Jewellers Ltd overvalued?
On its own history, Khazanchi Jewellers Ltd looks cheap against its own history: its P/E of 18.6× has been cheaper only 12% of the time in 2 years (long-run median 31.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.
Is Khazanchi Jewellers Ltd growing?
Yes — Khazanchi Jewellers Ltd is growing: latest-quarter revenue −18.3% year on year, profit +100.0%, and the margin +4.0 pp at 7.0%. The 6-year compound rates are 33.6% (revenue) and 88.2% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Khazanchi Jewellers Ltd performing?
Khazanchi Jewellers Ltd is in a downtrend, 9 weeks in. Its latest quarter's revenue fell 18.3% and profit rose 100.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 20 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
Is Khazanchi Jewellers Ltd in an uptrend?
No — the price is in a downtrend (week 9 of stage 4), trading −4.0% versus its 200-day average and at 23% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Khazanchi Jewellers Ltd beating the market?
Not lately — on a trailing-13-week view Khazanchi Jewellers Ltd is currently behind the NIFTY 500 (20 weeks and counting; last ahead the week of 2026-03-20), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 2.9 years the stock moved +337% against the NIFTY 500's +38% — ahead of the index over the full window. — as of 24 July 2026.
Will Khazanchi Jewellers Ltd's share price go up?
This page publishes no price forecast for Khazanchi Jewellers Ltd. What it measures instead: the share price is ₹631, the price is in a downtrend 9 weeks in. Its P/E of 18.6× sits at the 12th percentile of its own 2-year range. — as of 24 July 2026.
Who owns Khazanchi Jewellers Ltd?
Promoters hold 74.5% of Khazanchi Jewellers Ltd, foreign institutions 0.0%, domestic institutions 0.1% and the public 25.3% (latest quarter). The biggest move on the register over the last two years: Domestic institutions cut 1.4 points over 8 quarters. — as of 24 July 2026.
Does Khazanchi Jewellers Ltd have too much debt?
It is moderate — Khazanchi Jewellers Ltd's debt-to-equity is 0.34, and operating profit covers the interest bill 21×. FY26 borrowings were ₹110 Cr against equity of ₹320 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is Khazanchi Jewellers Ltd's capex?
Khazanchi Jewellers Ltd spent ₹13.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹7.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Khazanchi Jewellers Ltd's cash flow?
Khazanchi Jewellers Ltd generated ₹−36.0 Cr of operating cash flow in FY26 and ₹−43.0 Cr of free cash flow after ₹7.0 Cr of capital spending. Reported profit that year was ₹89.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Khazanchi Jewellers Ltd's profit real cash?
Not fully — over the last 3 fiscal years, −73% of Khazanchi Jewellers Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−36.0 Cr against reported profit of ₹89.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Khazanchi Jewellers Ltd in its business cycle?
Khazanchi Jewellers Ltd's FY26 operating margin was 6.0%, against a 7-year band of 2.0%–6.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 7.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Khazanchi Jewellers Ltd story?
The sharpest disagreement: profits are rising, but only −73% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Khazanchi Jewellers Ltd a stock worth studying right now?
This is not investment advice. The machine read: Khazanchi Jewellers Ltd's earnings have outrun its stock. EPS grew +98.8% in a year against a +6.7% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.