Is the Diamond, Gems & Jewellery sector outperforming NIFTY 500?
The 52-week sector comparison is unavailable. 12 of 22 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
20-quarter listed-company comparison
Diamond, Gems & Jewellery Stocks in India
Diamond, Gems & Jewellery: Rajesh Exports Ltd owns the largest revenue base; Uday Jewellery Industries Ltd has the fastest current growth.
Nifty Diamond, Gems & Jewellery Index — Constituents & Performance
The Diamond, Gems & Jewellery companies below are the listed Indian Diamond, Gems & Jewellery universe this page tracks — the same constituent set people search for as the Nifty Diamond, Gems & Jewellery index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
The sector itself · before any single company
How has Diamond, Gems & Jewellery moved against NIFTY 500?
The line below covers 5.1 years. Over the most recent two of them this sector is 47% ahead of NIFTY 500. Earnings across its companies grew 47% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 10 weeks running.
BREAKING OUT · ahead 10w✓Price and the fundamentals both up12 of 22 companies ahead of NIFTY 500 by 5% or more over three months3 are 20% or more behind over a year while earnings grew 20% or more
RS ↑10w · 15/22 >200d (+5) · 12/22 lead (+2) · EPS 18/21↑
Diamond, Gems & Jewellery, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Strength anatomy
Broad, early and backedHow much of the sector is participating, how recently, and whether the movers score well.
Together12 of 22 stocks moving
Fresh5 crossed in the last 4 weeks
Backed by scoresmovers score +5 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large
5/5+3
Mid
5/8+2
Small
2/9−3
Participation is not spreading downward this month; the larger companies are still carrying most of it.
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 22 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Diamond, Gems & Jewellery outperforming NIFTY 500?
The 52-week comparison of Diamond, Gems & Jewellery against NIFTY 500 is not available from the current market series. 12 of 22 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Utssav CZ Gold Jewels Ltd is the strongest against the sector itself at +86.4%. Readings are as of 2026-07-19.
—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
12/22Stocks leading NIFTY 500
7/21Stocks leading sector
Sector metric: 54.8 as of 2026-07-19 · NARROWING · rising.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
The 52-week sector comparison is unavailable. 12 of 22 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Rajesh Exports Ltd leads with revenue of ₹7,78,716 crore, based on 23 of 26 comparable companies through Mar 2026. Uday Jewellery Industries Ltd has the fastest current revenue growth at 100%, across 23 of 26 comparable companies.
Which Diamond, Gems & Jewellery company is largest by revenue?
Rajesh Exports Ltd leads with revenue of ₹7,78,716 crore, based on 23 of 26 comparable companies through Mar 2026.
Which Diamond, Gems & Jewellery company is growing fastest?
Uday Jewellery Industries Ltd has the fastest current revenue growth at 100%, across 23 of 26 comparable companies.
Which Diamond, Gems & Jewellery company has the strongest 4-Factor Sector Score?
Tribhovandas Bhimji Zaveri Ltd ranks first at 75/100 with 82.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Diamond, Gems & Jewellery company reports the most CAPEX?
Bluestone Jewellery & Lifestyle Ltd reports the largest latest CAPEX at ₹46 crore, with 6 of 26 companies comparable.
Which Diamond, Gems & Jewellery company has the least gross debt?
PNGS Gargi Fashion Jewellery Ltd has the lowest comparable gross debt at ₹12 crore. Titan Company Ltd has the highest at ₹30,621 crore.
Which Diamond, Gems & Jewellery company has the lowest comparable PEG?
PC Jeweller Ltd has the lowest comparable Guarded PEG at 0.26, among 10 of 26 companies that pass the metric’s comparability rules.
How much history does this Diamond, Gems & Jewellery comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
26
complete canonical membership
Combined market value
₹5.7 L Cr
Titan Company Ltd
Revenue growing
22/23
positive TTM year-on-year growth
Beating NIFTY 500
12/22
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Tribhovandas Bhimji Zaveri Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82.8% evidence confidence.
PC Jeweller Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Golkunda Diamonds & Jewellery Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
1. Tribhovandas Bhimji Zaveri Ltd · TBZ
75.0/100 · Favorable setup · 83% evidence
Exact sum: 27.9 + 15 + 14.3 + 17.8 = 75
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
27.9/35Growth & earnings
Revenue 22.3% · PAT 100% · OPM change 7 pp
83% evidence
15.0/25Capital efficiency
ROCE 21.4% · debt/equity 1.06×
95% evidence
14.3/20Valuation
P/E 8.5× · PEG —
50% evidence
17.8/20Relative strength
RS sector 26.9% · RS bench 50.5% · 1Y 28.4%
100% evidence
2. Thangamayil Jewellery Ltd · THANGAMAYL
73.5/100 · Favorable setup · 96% evidence
Exact sum: 29.4 + 16.2 + 9.6 + 18.3 = 73.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
29.4/35Growth & earnings
Revenue 73.2% · PAT 100% · OPM change 4 pp
88% evidence
16.2/25Capital efficiency
ROCE 25.5% · debt/equity 0.65×
100% evidence
9.6/20Valuation
P/E 60.7× · PEG 0.77
100% evidence
18.3/20Relative strength
RS sector 56.7% · RS bench 84.4% · 1Y 240.4%
100% evidence
3. Senco Gold Ltd · SENCO
69.1/100 · Favorable setup · 90% evidence
Exact sum: 28.8 + 12.8 + 16 + 11.5 = 69.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
28.8/35Growth & earnings
Revenue 33.2% · PAT 100% · OPM change 5 pp
88% evidence
12.8/25Capital efficiency
ROCE 20.9% · debt/equity 1.07×
100% evidence
16.0/20Valuation
P/E 10.9× · PEG 1.35
100% evidence
11.5/20Relative strength
RS sector -1.1% · RS bench 8.7% · 1Y -1.4%
70% evidence
4. Sky Gold & Diamonds Ltd · SKYGOLD
66.9/100 · Favorable setup · 93% evidence
Exact sum: 26 + 15.1 + 8.3 + 17.5 = 66.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
26.0/35Growth & earnings
Revenue 77.4% · PAT 100% · OPM change 1 pp
83% evidence
15.1/25Capital efficiency
ROCE 27% · debt/equity 0.72×
95% evidence
8.3/20Valuation
P/E 36.8× · PEG 1.71
100% evidence
17.5/20Relative strength
RS sector 39.3% · RS bench 64.2% · 1Y 89.8%
100% evidence
5. Khazanchi Jewellers Ltd · 543953
66.3/100 · Favorable setup · 66% evidence
Exact sum: 26.4 + 18.2 + 10.1 + 11.6 = 66.3
Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
26.4/35Growth & earnings
Revenue 15.7% · PAT 100% · OPM change 4 pp
83% evidence
18.2/25Capital efficiency
ROCE 34.8% · debt/equity 0.34×
80% evidence
10.1/20Valuation
P/E 18.6× · PEG —
15% evidence
11.6/20Relative strength
RS sector 13.2% · RS bench -6.9% · 1Y 6.7%
70% evidence
6. Utssav CZ Gold Jewels Ltd · UTSSAV
64.6/100 · Thin evidence · provisional · 56% evidence
Exact sum: 19.5 + 15.4 + 9.9 + 19.8 = 64.6
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
19.5/35Growth & earnings
Revenue — · PAT — · OPM change 0 pp
26% evidence
15.4/25Capital efficiency
ROCE 28.8% · debt/equity 0.94×
95% evidence
9.9/20Valuation
P/E 21.1× · PEG —
15% evidence
19.8/20Relative strength
RS sector 86.4% · RS bench 119% · 1Y 141.8%
100% evidence
7. Shanti Gold International Ltd · SHANTIGOLD
62.3/100 · Thin evidence · provisional · 56% evidence
Exact sum: 22.3 + 19.1 + 10.9 + 10 = 62.3
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
22.3/35Growth & earnings
Revenue 82.5% · PAT 100% · OPM change 3 pp
83% evidence
19.1/25Capital efficiency
ROCE 33.5% · debt/equity 0.36×
95% evidence
10.9/20Valuation
P/E 10.9× · PEG —
15% evidence
10.0/20Relative strength
RS sector — · RS bench — · 1Y -7.3%
0% evidence
8. Vaibhav Global Ltd · VAIBHAVGBL
60.2/100 · Mixed-positive evidence · 90% evidence
Exact sum: 18 + 14.9 + 17.6 + 9.7 = 60.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18.0/35Growth & earnings
Revenue 9.3% · PAT 74.5% · OPM change 2 pp
88% evidence
14.9/25Capital efficiency
ROCE 16.4% · debt/equity 0.25×
100% evidence
17.6/20Valuation
P/E 15.7× · PEG 0.33
100% evidence
9.7/20Relative strength
RS sector -6.5% · RS bench 13.4% · 1Y 6.4%
70% evidence
9. Kalyan Jewellers India Ltd · KALYANKJIL
59.6/100 · Mixed-positive evidence · 96% evidence
Exact sum: 23.8 + 13.1 + 5.9 + 16.8 = 59.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23.8/35Growth & earnings
Revenue 42.7% · PAT 89% · OPM change 1 pp
88% evidence
13.1/25Capital efficiency
ROCE 20.5% · debt/equity 0.97×
100% evidence
5.9/20Valuation
P/E 43× · PEG 2.19
100% evidence
16.8/20Relative strength
RS sector 5.8% · RS bench 25.8% · 1Y -2.7%
100% evidence
10. Uday Jewellery Industries Ltd · 539518
56.8/100 · Mixed-positive evidence · 79% evidence
Exact sum: 27.5 + 13.6 + 12.2 + 3.5 = 56.8
Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -19.1% and the one-year return is -6.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
27.5/35Growth & earnings
Revenue 100% · PAT 100% · OPM change 3 pp
83% evidence
13.6/25Capital efficiency
ROCE 22.4% · debt/equity 0.78×
80% evidence
12.2/20Valuation
P/E 13.7× · PEG —
50% evidence
3.5/20Relative strength
RS sector -19.1% · RS bench -3.8% · 1Y -6.7%
100% evidence
11. RBZ Jewellers Ltd · RBZJEWEL
54.3/100 · Mixed-positive evidence · 83% evidence
Exact sum: 18.8 + 14.4 + 13.2 + 7.9 = 54.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18.8/35Growth & earnings
Revenue 20% · PAT 41% · OPM change 0 pp
83% evidence
14.4/25Capital efficiency
ROCE 21.8% · debt/equity 0.57×
95% evidence
13.2/20Valuation
P/E 10.3× · PEG —
50% evidence
7.9/20Relative strength
RS sector -8.3% · RS bench 9% · 1Y 3.9%
100% evidence
12. Shringar House of Mangalsutra Ltd · SHRINGARMS
53.8/100 · Thin evidence · provisional · 56% evidence
Exact sum: 17.2 + 16.4 + 10.2 + 10 = 53.8
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17.2/35Growth & earnings
Revenue 57.2% · PAT 90.2% · OPM change -1 pp
83% evidence
16.4/25Capital efficiency
ROCE 26.8% · debt/equity 0.28×
95% evidence
10.2/20Valuation
P/E 18.3× · PEG —
15% evidence
10.0/20Relative strength
RS sector — · RS bench — · 1Y —
0% evidence
13. PNGS Gargi Fashion Jewellery Ltd · 543709
53.0/100 · Mixed-positive evidence · 73% evidence
Exact sum: 13.5 + 21.2 + 10.8 + 7.5 = 53
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13.5/35Growth & earnings
Revenue 18.3% · PAT 8.7% · OPM change 2.6 pp
83% evidence
21.2/25Capital efficiency
ROCE 33.8% · debt/equity 0.09×
80% evidence
10.8/20Valuation
P/E 21.8× · PEG —
50% evidence
7.5/20Relative strength
RS sector -2.3% · RS bench -29.8% · 1Y -26.7%
70% evidence
14. Golkunda Diamonds & Jewellery Ltd · 523676
51.5/100 · Thin evidence · provisional · 58% evidence
Exact sum: 13.2 + 13.6 + 8.6 + 16.1 = 51.5
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13.2/35Growth & earnings
Revenue 1.3% · PAT -12.4% · OPM change -0.8 pp
53% evidence
13.6/25Capital efficiency
ROCE 19.9% · debt/equity 0.51×
60% evidence
8.6/20Valuation
P/E 16× · PEG —
50% evidence
16.1/20Relative strength
RS sector 61.7% · RS bench 52.8% · 1Y 55.8%
70% evidence
15. D.P. Abhushan Ltd · DPABHUSHAN
51.1/100 · Mixed-positive evidence · 100% evidence
Exact sum: 20.8 + 15.2 + 5.3 + 9.8 = 51.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.8/35Growth & earnings
Revenue 9.4% · PAT 79.6% · OPM change 0.7 pp
100% evidence
15.2/25Capital efficiency
ROCE 24.4% · debt/equity 0.48×
100% evidence
5.3/20Valuation
P/E 74.8× · PEG 1.87
100% evidence
9.8/20Relative strength
RS sector -14.1% · RS bench 2.5% · 1Y -17.5%
100% evidence
16. Titan Company Ltd · TITAN
47.8/100 · Mixed-negative evidence · 93% evidence
Exact sum: 19.1 + 11.5 + 8.7 + 8.5 = 47.8
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19.1/35Growth & earnings
Revenue 44.9% · PAT 52% · OPM change -3 pp
83% evidence
11.5/25Capital efficiency
ROCE 20.5% · debt/equity 1.95×
95% evidence
8.7/20Valuation
P/E 80.6× · PEG 1.43
100% evidence
8.5/20Relative strength
RS sector -3.4% · RS bench 14.8% · 1Y 36.3%
100% evidence
17. PC Jeweller Ltd · PCJEWELLER
47.4/100 · Mixed-negative evidence · 90% evidence
Exact sum: 14.3 + 11.4 + 16.3 + 5.4 = 47.4
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
14.3/35Growth & earnings
Revenue 49.4% · PAT 23.7% · OPM change -3 pp
88% evidence
11.4/25Capital efficiency
ROCE 9.6% · debt/equity 0.14×
100% evidence
16.3/20Valuation
P/E 12.6× · PEG 0.26
100% evidence
5.4/20Relative strength
RS sector -22.2% · RS bench -10% · 1Y -42.4%
70% evidence
18. Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
46.5/100 · Thin evidence · provisional · 54% evidence
Exact sum: 23.5 + 4.5 + 8.5 + 10 = 46.5
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
23.5/35Growth & earnings
Revenue 40% · PAT 100% · OPM change 3.4 pp
74% evidence
4.5/25Capital efficiency
ROCE 7.1% · debt/equity 1.1×
100% evidence
8.5/20Valuation
P/E 209× · PEG —
15% evidence
10.0/20Relative strength
RS sector — · RS bench — · 1Y —
0% evidence
19. Motisons Jewellers Ltd · MOTISONS
44.2/100 · Mixed-negative evidence · 83% evidence
Exact sum: 13.4 + 15.3 + 11.4 + 4.1 = 44.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13.4/35Growth & earnings
Revenue 5.9% · PAT 47.6% · OPM change -9.4 pp
83% evidence
15.3/25Capital efficiency
ROCE 17.9% · debt/equity 0.08×
95% evidence
11.4/20Valuation
P/E 25.2× · PEG —
50% evidence
4.1/20Relative strength
RS sector -24.5% · RS bench -10.1% · 1Y -38.4%
100% evidence
20. P N Gadgil Jewellers Ltd · PNGJL
44.1/100 · Mixed-negative evidence · 89% evidence
Exact sum: 21.1 + 10.6 + 8.4 + 4 = 44.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21.1/35Growth & earnings
Revenue 39.6% · PAT 87.6% · OPM change -2 pp
88% evidence
10.6/25Capital efficiency
ROCE 20.9% · debt/equity 0.89×
100% evidence
8.4/20Valuation
P/E 21.3× · PEG 1.77
65% evidence
4.0/20Relative strength
RS sector -17.5% · RS bench -1.9% · 1Y -3.2%
100% evidence
21. Radhika Jeweltech Ltd · RADHIKAJWE
42.2/100 · Mixed-negative evidence · 83% evidence
Exact sum: 11.6 + 15.7 + 11.2 + 3.7 = 42.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11.6/35Growth & earnings
Revenue 8.7% · PAT 30% · OPM change -6.7 pp
83% evidence
15.7/25Capital efficiency
ROCE 25.1% · debt/equity 0.15×
95% evidence
11.2/20Valuation
P/E 10× · PEG —
50% evidence
3.7/20Relative strength
RS sector -26.2% · RS bench -11.9% · 1Y -33.7%
100% evidence
22. Manoj Vaibhav Gems N Jewellers Ltd · MVGJL
39.8/100 · Mixed-negative evidence · 83% evidence
Exact sum: 12.5 + 10.7 + 14.9 + 1.7 = 39.8
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
12.5/35Growth & earnings
Revenue 15.1% · PAT 13.9% · OPM change -1 pp
83% evidence
10.7/25Capital efficiency
ROCE 15.6% · debt/equity 0.59×
95% evidence
14.9/20Valuation
P/E 6.6× · PEG —
50% evidence
1.7/20Relative strength
RS sector -26.6% · RS bench -12.5% · 1Y -30.3%
100% evidence
23. Rajesh Exports Ltd · RAJESHEXPO
31.8/100 · Adverse evidence · 96% evidence
Exact sum: 16.3 + 9.1 + 5.8 + 0.6 = 31.8
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16.3/35Growth & earnings
Revenue 84% · PAT 15.6% · OPM change 0 pp
88% evidence
9.1/25Capital efficiency
ROCE 1.9% · debt/equity 0.06×
100% evidence
5.8/20Valuation
P/E 23.3× · PEG 1.74
100% evidence
0.6/20Relative strength
RS sector -52.9% · RS bench -43.7% · 1Y -57.8%
100% evidence
24. Asian Star Company Ltd · ASTAR
31.6/100 · Adverse evidence · 75% evidence
Exact sum: 11.8 + 10.1 + 6.8 + 2.9 = 31.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11.8/35Growth & earnings
Revenue -2.5% · PAT -2.5% · OPM change 0.2 pp
62% evidence
10.1/25Capital efficiency
ROCE 3.6% · debt/equity 0.3×
95% evidence
6.8/20Valuation
P/E 24× · PEG —
50% evidence
2.9/20Relative strength
RS sector -25% · RS bench -10.6% · 1Y -20.2%
100% evidence
25. PNGS Reva Diamond Jewellery Limited · PNGSREVA
58.1/100 · Thin evidence · provisional · 38% evidence
Exact sum: 21.8 + 16.3 + 10 + 10 = 58.1
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
21.8/35Growth & earnings
Revenue — · PAT — · OPM change 8 pp
32% evidence
16.3/25Capital efficiency
ROCE 22% · debt/equity 0.33×
95% evidence
10.0/20Valuation
P/E 19.9× · PEG —
15% evidence
10.0/20Relative strength
RS sector — · RS bench — · 1Y —
0% evidence
26. SJ Corporation Ltd · 504398
41.5/100 · Thin evidence · provisional · 29% evidence
Exact sum: 16 + 3 + 10 + 12.5 = 41.5
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
16.0/35Growth & earnings
Revenue — · PAT — · OPM change -5.2 pp
10% evidence
3.0/25Capital efficiency
ROCE 0.1% · debt/equity 3.32×
80% evidence
10.0/20Valuation
P/E — · PEG —
0% evidence
12.5/20Relative strength
RS sector — · RS bench 203.5% · 1Y —
25% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
Rajesh Exports Ltd has the highest Revenue among the 26 Diamond, Gems & Jewellery companies compared here, at ₹7,78,716 crore. Titan Company Ltd is next at ₹87,584 crore. Uday Jewellery Industries Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Rajesh Exports Ltd is the scale leader at ₹7,78,716 crore, 789.1% ahead of Titan Company Ltd. Uday Jewellery Industries Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 120.5% from a ₹679 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderRajesh Exports Ltd · ₹7,78,716 crore
Gap789.1% versus #2 · Titan Company Ltd
Persistence7/8 recent comparable periods
Coverage23/26 companies · 356 observations
Investor read: Rajesh Exports Ltd is the scale benchmark; Uday Jewellery Industries Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Rajesh Exports Ltd's growth falls below Uday Jewellery Industries Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Rajesh Exports Ltd RAJESHEXPO₹7.8 L Cr
2Titan Company Ltd TITAN₹87.6K Cr
3Kalyan Jewellers India Ltd KALYANKJIL₹35.7K Cr
4P N Gadgil Jewellers Ltd PNGJL₹10.7K Cr
5Thangamayil Jewellery Ltd THANGAMAYL₹8.5K Cr
Revenue growthfastest growers
1Uday Jewellery Industries Ltd 539518100%
2Rajesh Exports Ltd RAJESHEXPO84%
3Shanti Gold International Ltd SHANTIGOLD⚠ unverified83%
4Sky Gold & Diamonds Ltd SKYGOLD77%
5Thangamayil Jewellery Ltd THANGAMAYL73%
Revenue · company comparison
23/26 level · 23/26 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Rajesh Exports Ltd RAJESHEXPO | ₹2.4 L Cr | 19% | Mar 2026 |
| Titan Company Ltd TITAN | ₹26.9K Cr | 80% | Mar 2026 |
| Kalyan Jewellers India Ltd KALYANKJIL | ₹10.3K Cr | 66% | Mar 2026 |
| P N Gadgil Jewellers Ltd PNGJL | ₹3.5K Cr | 123% | Mar 2026 |
| Thangamayil Jewellery Ltd THANGAMAYL | ₹2.8K Cr | 106% | Mar 2026 |
| Senco Gold Ltd SENCO | ₹2.0K Cr | 45% | Mar 2026 |
| Sky Gold & Diamonds Ltd SKYGOLD | ₹1.9K Cr | 81% | Mar 2026 |
| Vaibhav Global Ltd VAIBHAVGBL | ₹935 Cr | 10% | Mar 2026 |
| PC Jeweller Ltd PCJEWELLER | ₹927 Cr | 33% | Mar 2026 |
| D.P. Abhushan Ltd DPABHUSHAN | ₹854 Cr | 58% | Jun 2026 |
| Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified | ₹830 Cr | 57% | Mar 2026 |
| Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified | ₹754 Cr | 7.0% | Mar 2026 |
| Asian Star Company Ltd ASTAR⚠ unverified | ₹746 Cr | -13% | Mar 2026 |
| Bluestone Jewellery & Lifestyle Ltd BLUESTONE | ₹737 Cr | 50% | Jun 2026 |
| Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified | ₹726 Cr | 107% | Mar 2026 |
| Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified | ₹679 Cr | 88% | Mar 2026 |
| Shanti Gold International Ltd SHANTIGOLD⚠ unverified | ₹659 Cr | 122% | Mar 2026 |
| Khazanchi Jewellers Ltd 543953 | ₹508 Cr | -18% | Mar 2026 |
| Uday Jewellery Industries Ltd 539518 | ₹226 Cr | 113% | Mar 2026 |
| Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified | ₹193 Cr | 24% | Mar 2026 |
| RBZ Jewellers Ltd RBZJEWEL | ₹189 Cr | 38% | Mar 2026 |
| PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified | ₹138 Cr | 138% | Mar 2026 |
| Motisons Jewellers Ltd MOTISONS⚠ unverified | ₹137 Cr | 16% | Mar 2026 |
| Golkunda Diamonds & Jewellery Ltd 523676 | ₹63 Cr | -15% | Dec 2025 |
| PNGS Gargi Fashion Jewellery Ltd 543709 | ₹30 Cr | 30% | Mar 2026 |
| SJ Corporation Ltd 504398 | ₹8 Cr | 1.9% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
—
—
—
₹348 Cr
₹373 Cr
₹587 Cr
₹461 Cr
₹493 Cr
₹514 Cr
₹749 Cr
₹681 Cr
₹737 Cr
D.P. Abhushan Ltd · DPABHUSHAN
₹448 Cr
₹668 Cr
₹440 Cr
₹433 Cr
₹485 Cr
₹672 Cr
₹385 Cr
₹471 Cr
₹546 Cr
₹765 Cr
₹557 Cr
₹505 Cr
₹1.0K Cr
₹1.1K Cr
₹717 Cr
₹540 Cr
₹968 Cr
₹1.2K Cr
₹1.3K Cr
₹854 Cr
Kalyan Jewellers India Ltd · KALYANKJIL
₹2.9K Cr
₹3.4K Cr
₹2.9K Cr
₹3.3K Cr
₹3.5K Cr
₹3.9K Cr
₹3.4K Cr
₹4.4K Cr
₹4.4K Cr
₹5.2K Cr
₹4.5K Cr
₹5.5K Cr
₹6.1K Cr
₹7.3K Cr
₹6.2K Cr
₹7.3K Cr
₹7.9K Cr
₹10.3K Cr
₹10.3K Cr
—
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
—
—
—
—
₹1.3K Cr
₹1.4K Cr
₹2.0K Cr
₹1.5K Cr
₹1.7K Cr
₹2.0K Cr
₹2.4K Cr
₹1.6K Cr
₹1.7K Cr
₹2.2K Cr
₹3.3K Cr
₹3.5K Cr
—
PC Jeweller Ltd · PCJEWELLER
₹560 Cr
₹611 Cr
₹189 Cr
₹547 Cr
₹898 Cr
₹854 Cr
₹173 Cr
₹68 Cr
₹449 Cr
₹40 Cr
₹48 Cr
₹401 Cr
₹505 Cr
₹639 Cr
₹699 Cr
₹725 Cr
₹825 Cr
₹875 Cr
₹927 Cr
—
Rajesh Exports Ltd · RAJESHEXPO
₹41.2K Cr
₹65.2K Cr
₹85.8K Cr
₹49.5K Cr
₹1.3K Cr
₹94.5K Cr
₹1.2 L Cr
₹85.7K Cr
₹38.1K Cr
₹65.5K Cr
₹91.4K Cr
₹60.4K Cr
₹66.9K Cr
₹96.6K Cr
₹2.0 L Cr
₹1.3 L Cr
₹1.8 L Cr
₹2.4 L Cr
₹2.4 L Cr
—
Senco Gold Ltd · SENCO
—
—
—
₹1.0K Cr
₹911 Cr
₹1.3K Cr
₹814 Cr
₹1.3K Cr
₹1.1K Cr
₹1.7K Cr
₹1.1K Cr
₹1.4K Cr
₹1.5K Cr
₹2.0K Cr
₹1.4K Cr
₹1.8K Cr
₹1.5K Cr
₹3.1K Cr
₹2.0K Cr
—
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
₹271 Cr
₹416 Cr
₹391 Cr
₹351 Cr
₹333 Cr
₹529 Cr
₹659 Cr
₹726 Cr
—
Sky Gold & Diamonds Ltd · SKYGOLD
₹142 Cr
₹284 Cr
₹218 Cr
₹313 Cr
₹304 Cr
₹267 Cr
₹270 Cr
₹376 Cr
₹396 Cr
₹460 Cr
₹513 Cr
₹723 Cr
₹769 Cr
₹998 Cr
₹1.1K Cr
₹1.1K Cr
₹1.5K Cr
₹1.8K Cr
₹1.9K Cr
—
Thangamayil Jewellery Ltd · THANGAMAYL
₹705 Cr
₹631 Cr
₹609 Cr
₹826 Cr
₹813 Cr
₹745 Cr
₹772 Cr
₹960 Cr
₹993 Cr
₹896 Cr
₹983 Cr
₹1.2K Cr
₹1.2K Cr
₹1.1K Cr
₹1.4K Cr
₹1.6K Cr
₹1.7K Cr
₹2.4K Cr
₹2.8K Cr
—
Titan Company Ltd · TITAN
₹7.5K Cr
₹10.0K Cr
₹7.8K Cr
₹9.4K Cr
₹8.7K Cr
₹11.6K Cr
₹10.4K Cr
₹11.9K Cr
₹12.5K Cr
₹14.2K Cr
₹12.5K Cr
₹13.3K Cr
₹14.5K Cr
₹17.7K Cr
₹14.9K Cr
₹16.5K Cr
₹18.7K Cr
₹25.4K Cr
₹26.9K Cr
—
Vaibhav Global Ltd · VAIBHAVGBL
₹641 Cr
₹751 Cr
₹672 Cr
₹630 Cr
₹646 Cr
₹724 Cr
₹693 Cr
₹658 Cr
₹705 Cr
₹888 Cr
₹789 Cr
₹756 Cr
₹796 Cr
₹977 Cr
₹850 Cr
₹814 Cr
₹877 Cr
₹1.1K Cr
₹935 Cr
—
Revenue growth · reported quarter history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
41%
38%
28%
48%
50%
D.P. Abhushan Ltd · DPABHUSHAN
160%
61%
-26%
147%
8.2%
0.6%
-12%
8.8%
13%
14%
45%
7.2%
84%
42%
29%
6.9%
-3.7%
13%
86%
58%
Kalyan Jewellers India Ltd · KALYANKJIL
—
—
—
104%
20%
13%
18%
31%
27%
34%
34%
26%
37%
39%
37%
31%
30%
42%
66%
—
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
—
—
—
—
—
—
—
—
33%
46%
24%
5.0%
2.8%
8.9%
36%
123%
—
PC Jeweller Ltd · PCJEWELLER
—
—
—
121%
60%
40%
-8.5%
-88%
-50%
-95%
-72%
490%
12%
1,498%
1,356%
81%
63%
37%
33%
—
Rajesh Exports Ltd · RAJESHEXPO
—
—
—
-2.8%
-97%
45%
35%
73%
2,760%
-31%
-21%
-30%
76%
48%
118%
118%
162%
143%
19%
—
Senco Gold Ltd · SENCO
—
—
—
—
—
—
—
30%
26%
23%
40%
7.6%
31%
24%
21%
30%
2.4%
50%
45%
—
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
23%
27%
69%
107%
—
Sky Gold & Diamonds Ltd · SKYGOLD
—
—
—
120%
114%
-6.0%
24%
20%
30%
72%
90%
92%
94%
117%
106%
56%
93%
77%
81%
—
Thangamayil Jewellery Ltd · THANGAMAYL
—
—
—
230%
15%
18%
27%
16%
22%
20%
27%
27%
19%
26%
40%
28%
45%
113%
106%
—
Titan Company Ltd · TITAN
—
—
—
172%
17%
16%
33%
26%
44%
22%
21%
12%
16%
25%
19%
25%
29%
43%
80%
—
Vaibhav Global Ltd · VAIBHAVGBL
—
—
—
-8.6%
0.8%
-3.6%
3.1%
4.4%
9.1%
23%
14%
15%
13%
10%
7.7%
7.7%
10%
9.1%
10%
—
02 · compare level, then change
Operating Economics & Margin Trend
PNGS Gargi Fashion Jewellery Ltd has the highest OPM among the 26 Diamond, Gems & Jewellery companies compared here, at 23.4%. PNGS Reva Diamond Jewellery Limited is next at 22%. PNGS Reva Diamond Jewellery Limited has the highest Margin change at +8 percentage points, so level and change sit with different companies.
What the numbers say: PNGS Gargi Fashion Jewellery Ltd leads opm at 23.4%; PNGS Reva Diamond Jewellery Limited leads margin change at +8 percentage points.
LeaderPNGS Gargi Fashion Jewellery Ltd · 23.4%
Gap6.4% versus #2 · PNGS Reva Diamond Jewellery Limited
Persistence5/8 recent comparable periods
Coverage26/26 companies · 402 observations
Investor read: PNGS Gargi Fashion Jewellery Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1PNGS Gargi Fashion Jewellery Ltd 54370923%
2PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified22%
3PC Jeweller Ltd PCJEWELLER18%
4Bluestone Jewellery & Lifestyle Ltd BLUESTONE15%
5Senco Gold Ltd SENCO14%
Margin changefastest expanders
1PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified+8.0 pp
2Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified+7.0 pp
3Senco Gold Ltd SENCO+5.0 pp
4Khazanchi Jewellers Ltd 543953+4.0 pp
5Thangamayil Jewellery Ltd THANGAMAYL+4.0 pp
Operating margin · company comparison
26/26 level · 26/26 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| PNGS Gargi Fashion Jewellery Ltd 543709 | 23% | +2.6 pp | Mar 2026 |
| PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified | 22% | +8.0 pp | Mar 2026 |
| PC Jeweller Ltd PCJEWELLER | 18% | −3.0 pp | Mar 2026 |
| Bluestone Jewellery & Lifestyle Ltd BLUESTONE | 15% | +3.4 pp | Jun 2026 |
| Senco Gold Ltd SENCO | 14% | +5.0 pp | Mar 2026 |
| Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified | 14% | +7.0 pp | Mar 2026 |
| RBZ Jewellers Ltd RBZJEWEL | 11% | 0.0 pp | Mar 2026 |
| D.P. Abhushan Ltd DPABHUSHAN | 11% | +0.7 pp | Jun 2026 |
| Shanti Gold International Ltd SHANTIGOLD⚠ unverified | 10% | +3.0 pp | Mar 2026 |
| Golkunda Diamonds & Jewellery Ltd 523676 | 9.7% | −0.8 pp | Dec 2025 |
| Vaibhav Global Ltd VAIBHAVGBL | 9.0% | +2.0 pp | Mar 2026 |
| Thangamayil Jewellery Ltd THANGAMAYL | 8.0% | +4.0 pp | Mar 2026 |
| Uday Jewellery Industries Ltd 539518 | 7.0% | +3.0 pp | Mar 2026 |
| Khazanchi Jewellers Ltd 543953 | 7.0% | +4.0 pp | Mar 2026 |
| Titan Company Ltd TITAN | 7.0% | −3.0 pp | Mar 2026 |
| Kalyan Jewellers India Ltd KALYANKJIL | 7.0% | +1.0 pp | Mar 2026 |
| Sky Gold & Diamonds Ltd SKYGOLD | 7.0% | +1.0 pp | Mar 2026 |
| Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified | 7.0% | 0.0 pp | Mar 2026 |
| Motisons Jewellers Ltd MOTISONS⚠ unverified | 6.1% | −9.4 pp | Mar 2026 |
| Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified | 6.0% | −1.0 pp | Mar 2026 |
| Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified | 5.7% | −6.7 pp | Mar 2026 |
| Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified | 5.0% | −1.0 pp | Mar 2026 |
| P N Gadgil Jewellers Ltd PNGJL | 4.0% | −2.0 pp | Mar 2026 |
| Asian Star Company Ltd ASTAR⚠ unverified | 0.8% | +0.2 pp | Mar 2026 |
| Rajesh Exports Ltd RAJESHEXPO | 0.0% | 0.0 pp | Mar 2026 |
| SJ Corporation Ltd 504398 | -4.8% | −5.2 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
—
—
—
0.6%
-1.2%
8.5%
5.4%
11%
7.8%
22%
18%
15%
D.P. Abhushan Ltd · DPABHUSHAN
4.3%
3.9%
4.4%
4.8%
2.8%
5.0%
3.0%
5.0%
4.0%
4.0%
4.0%
8.0%
4.0%
5.0%
6.0%
10%
8.0%
9.0%
5.3%
11%
Kalyan Jewellers India Ltd · KALYANKJIL
7.9%
8.7%
7.7%
7.9%
7.7%
8.0%
8.0%
7.0%
7.0%
7.0%
7.0%
7.0%
5.0%
6.0%
6.0%
7.0%
6.0%
7.0%
7.0%
—
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
—
—
—
—
4.0%
3.0%
5.0%
6.0%
4.0%
3.0%
5.0%
6.0%
6.0%
5.0%
7.0%
4.0%
—
PC Jeweller Ltd · PCJEWELLER
7.1%
5.9%
-101%
15%
16%
4.0%
-12%
-64%
-12%
-182%
-3.0%
13%
17%
18%
21%
18%
22%
23%
18%
—
Rajesh Exports Ltd · RAJESHEXPO
0.8%
0.5%
0.2%
0.6%
3.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
—
Senco Gold Ltd · SENCO
—
—
—
5.5%
4.0%
12%
8.0%
5.0%
3.0%
11%
8.0%
8.0%
3.0%
4.0%
9.0%
10%
7.0%
13%
14%
—
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
9.0%
6.0%
5.0%
7.0%
12%
6.0%
6.0%
6.0%
—
Sky Gold & Diamonds Ltd · SKYGOLD
1.8%
2.0%
4.3%
2.6%
1.0%
5.0%
4.0%
5.0%
4.0%
4.0%
5.0%
5.0%
5.0%
6.0%
6.0%
6.0%
7.0%
7.0%
7.0%
—
Thangamayil Jewellery Ltd · THANGAMAYL
6.2%
4.1%
3.5%
4.4%
3.9%
4.0%
8.0%
10%
2.0%
6.0%
5.0%
7.0%
-1.0%
7.0%
4.0%
6.0%
6.0%
7.0%
8.0%
—
Titan Company Ltd · TITAN
13%
14%
10%
13%
14%
12%
11%
9.0%
11%
11%
10%
9.0%
8.0%
9.0%
10%
11%
10%
11%
7.0%
—
Vaibhav Global Ltd · VAIBHAVGBL
11%
11%
5.6%
6.7%
7.7%
8.0%
7.0%
9.0%
9.0%
11%
7.0%
8.0%
8.0%
11%
7.0%
8.0%
9.0%
13%
9.0%
—
Margin change · reported quarter history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+10.5 pp
+9.0 pp
+13.5 pp
+12.8 pp
+3.4 pp
D.P. Abhushan Ltd · DPABHUSHAN
−2.8 pp
+0.2 pp
+1.6 pp
−1.1 pp
−1.5 pp
+1.1 pp
−1.4 pp
+0.2 pp
+1.2 pp
−1.0 pp
+1.0 pp
+3.0 pp
0.0 pp
+1.0 pp
+2.0 pp
+2.0 pp
+4.0 pp
+4.0 pp
−0.7 pp
+0.7 pp
Kalyan Jewellers India Ltd · KALYANKJIL
+6.9 pp
−1.1 pp
+0.2 pp
+3.7 pp
−0.2 pp
−0.7 pp
+0.4 pp
−0.9 pp
−0.7 pp
−1.0 pp
−1.0 pp
0.0 pp
−2.0 pp
−1.0 pp
−1.0 pp
0.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
—
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
—
—
—
—
—
—
—
—
0.0 pp
0.0 pp
0.0 pp
0.0 pp
+2.0 pp
+2.0 pp
+2.0 pp
−2.0 pp
—
PC Jeweller Ltd · PCJEWELLER
−5.4 pp
−9.6 pp
−115.5 pp
+8.0 pp
+9.3 pp
−1.9 pp
+88.8 pp
−79.4 pp
−28.4 pp
−186.0 pp
+9.0 pp
+77.0 pp
+29.0 pp
+200.0 pp
+24.0 pp
+5.0 pp
+5.0 pp
+5.0 pp
−3.0 pp
—
Rajesh Exports Ltd · RAJESHEXPO
+0.6 pp
−0.1 pp
−0.4 pp
+0.0 pp
+2.2 pp
−0.5 pp
−0.2 pp
−0.6 pp
−3.0 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
—
Senco Gold Ltd · SENCO
—
—
—
—
—
—
—
−0.5 pp
−1.0 pp
−1.0 pp
0.0 pp
+3.0 pp
0.0 pp
−7.0 pp
+1.0 pp
+2.0 pp
+4.0 pp
+9.0 pp
+5.0 pp
—
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+3.0 pp
0.0 pp
+1.0 pp
−1.0 pp
—
Sky Gold & Diamonds Ltd · SKYGOLD
−0.5 pp
—
+3.5 pp
+0.9 pp
−0.8 pp
+3.0 pp
−0.3 pp
+2.4 pp
+3.0 pp
−1.0 pp
+1.0 pp
0.0 pp
+1.0 pp
+2.0 pp
+1.0 pp
+1.0 pp
+2.0 pp
+1.0 pp
+1.0 pp
—
Thangamayil Jewellery Ltd · THANGAMAYL
−16.6 pp
−3.2 pp
−0.4 pp
+5.4 pp
−2.3 pp
−0.1 pp
+4.6 pp
+5.6 pp
−1.9 pp
+2.0 pp
−3.0 pp
−3.0 pp
−3.0 pp
+1.0 pp
−1.0 pp
−1.0 pp
+7.0 pp
0.0 pp
+4.0 pp
—
Titan Company Ltd · TITAN
+6.1 pp
+3.2 pp
−0.7 pp
+8.7 pp
+1.1 pp
−2.4 pp
+0.8 pp
−3.7 pp
−3.0 pp
−1.0 pp
−1.0 pp
0.0 pp
−3.0 pp
−2.0 pp
0.0 pp
+2.0 pp
+2.0 pp
+2.0 pp
−3.0 pp
—
Vaibhav Global Ltd · VAIBHAVGBL
−5.5 pp
−5.6 pp
−6.2 pp
−6.7 pp
−2.8 pp
−3.3 pp
+1.4 pp
+2.3 pp
+1.3 pp
+3.0 pp
0.0 pp
−1.0 pp
−1.0 pp
0.0 pp
0.0 pp
0.0 pp
+1.0 pp
+2.0 pp
+2.0 pp
—
03 · compare level, then change
Profit Scale & Acceleration
Titan Company Ltd has the highest Net profit among the 26 Diamond, Gems & Jewellery companies compared here, at ₹5,074 crore. Kalyan Jewellers India Ltd is next at ₹1,351 crore. Uday Jewellery Industries Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Titan Company Ltd leads with ₹5,074 crore of TTM profit, 275.6% above Kalyan Jewellers India Ltd. Uday Jewellery Industries Ltd shows ≥100% on the scoring scale (138.5% uncapped) growth from a ₹31 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderTitan Company Ltd · ₹5,074 crore
Gap275.6% versus #2 · Kalyan Jewellers India Ltd
Persistence5/8 recent comparable periods
Coverage23/26 companies · 356 observations
Investor read: Titan Company Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Titan Company Ltd TITAN₹5.1K Cr
2Kalyan Jewellers India Ltd KALYANKJIL₹1.4K Cr
3PC Jeweller Ltd PCJEWELLER₹715 Cr
4Senco Gold Ltd SENCO₹575 Cr
5P N Gadgil Jewellers Ltd PNGJL₹409 Cr
Profit growthfastest growers
1Uday Jewellery Industries Ltd 539518100%
2Khazanchi Jewellers Ltd 543953100%
3Senco Gold Ltd SENCO100%
4Shanti Gold International Ltd SHANTIGOLD⚠ unverified100%
5Sky Gold & Diamonds Ltd SKYGOLD100%
Net profit · company comparison
23/26 level · 21/26 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Titan Company Ltd TITAN | ₹1.2K Cr | 35% | Mar 2026 |
| Kalyan Jewellers India Ltd KALYANKJIL | ₹410 Cr | 118% | Mar 2026 |
| Senco Gold Ltd SENCO | ₹157 Cr | 153% | Mar 2026 |
| PC Jeweller Ltd PCJEWELLER | ₹153 Cr | 61% | Mar 2026 |
| Thangamayil Jewellery Ltd THANGAMAYL | ₹143 Cr | 361% | Mar 2026 |
| Sky Gold & Diamonds Ltd SKYGOLD | ₹91 Cr | 139% | Mar 2026 |
| Vaibhav Global Ltd VAIBHAVGBL | ₹91 Cr | 168% | Mar 2026 |
| P N Gadgil Jewellers Ltd PNGJL | ₹90 Cr | 45% | Mar 2026 |
| Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified | ₹68 Cr | 656% | Mar 2026 |
| D.P. Abhushan Ltd DPABHUSHAN | ₹64 Cr | 78% | Jun 2026 |
| Shanti Gold International Ltd SHANTIGOLD⚠ unverified | ₹52 Cr | 478% | Mar 2026 |
| Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified | ₹34 Cr | 127% | Mar 2026 |
| Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified | ₹30 Cr | 100% | Mar 2026 |
| Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified | ₹28 Cr | 3.7% | Mar 2026 |
| Khazanchi Jewellers Ltd 543953 | ₹26 Cr | 100% | Mar 2026 |
| PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified | ₹21 Cr | 320% | Mar 2026 |
| RBZ Jewellers Ltd RBZJEWEL | ₹12 Cr | 33% | Mar 2026 |
| Uday Jewellery Industries Ltd 539518 | ₹11 Cr | 450% | Mar 2026 |
| Motisons Jewellers Ltd MOTISONS⚠ unverified | ₹8 Cr | -25% | Mar 2026 |
| Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified | ₹8 Cr | -32% | Mar 2026 |
| Bluestone Jewellery & Lifestyle Ltd BLUESTONE | ₹6 Cr | — | Jun 2026 |
| PNGS Gargi Fashion Jewellery Ltd 543709 | ₹5 Cr | 25% | Mar 2026 |
| Golkunda Diamonds & Jewellery Ltd 523676 | ₹4 Cr | -28% | Dec 2025 |
| Asian Star Company Ltd ASTAR⚠ unverified | ₹-0 Cr | -16% | Mar 2026 |
| SJ Corporation Ltd 504398 | ₹-1 Cr | -655% | Mar 2026 |
| Rajesh Exports Ltd RAJESHEXPO | ₹-54 Cr | -2,800% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
—
—
—
₹-59 Cr
₹-84 Cr
₹-27 Cr
₹-51 Cr
₹-35 Cr
₹-52 Cr
₹69 Cr
₹31 Cr
₹6 Cr
D.P. Abhushan Ltd · DPABHUSHAN
₹11 Cr
₹16 Cr
₹10 Cr
₹13 Cr
₹8 Cr
₹20 Cr
₹4 Cr
₹16 Cr
₹13 Cr
₹17 Cr
₹16 Cr
₹25 Cr
₹25 Cr
₹37 Cr
₹25 Cr
₹36 Cr
₹51 Cr
₹73 Cr
₹51 Cr
₹64 Cr
Kalyan Jewellers India Ltd · KALYANKJIL
₹69 Cr
₹135 Cr
₹72 Cr
₹108 Cr
₹106 Cr
₹148 Cr
₹70 Cr
₹144 Cr
₹135 Cr
₹180 Cr
₹137 Cr
₹178 Cr
₹130 Cr
₹219 Cr
₹188 Cr
₹264 Cr
₹261 Cr
₹416 Cr
₹410 Cr
—
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
—
—
—
—
₹22 Cr
₹22 Cr
₹58 Cr
₹55 Cr
₹35 Cr
₹35 Cr
₹86 Cr
₹62 Cr
₹69 Cr
₹79 Cr
₹171 Cr
₹90 Cr
—
PC Jeweller Ltd · PCJEWELLER
₹-79 Cr
₹-74 Cr
₹-173 Cr
₹74 Cr
₹86 Cr
₹-61 Cr
₹-302 Cr
₹-172 Cr
₹-138 Cr
₹-198 Cr
₹-122 Cr
₹156 Cr
₹179 Cr
₹148 Cr
₹95 Cr
₹162 Cr
₹210 Cr
₹190 Cr
₹153 Cr
—
Rajesh Exports Ltd · RAJESHEXPO
₹291 Cr
₹300 Cr
₹139 Cr
₹272 Cr
₹41 Cr
₹422 Cr
₹366 Cr
₹309 Cr
₹45 Cr
₹12 Cr
₹-30 Cr
₹12 Cr
₹46 Cr
₹36 Cr
₹2 Cr
₹-10 Cr
₹104 Cr
₹71 Cr
₹-54 Cr
—
Senco Gold Ltd · SENCO
—
—
—
₹23 Cr
₹9 Cr
₹103 Cr
₹26 Cr
₹28 Cr
₹12 Cr
₹109 Cr
₹32 Cr
₹51 Cr
₹12 Cr
₹33 Cr
₹62 Cr
₹105 Cr
₹49 Cr
₹264 Cr
₹157 Cr
—
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
₹17 Cr
₹16 Cr
₹13 Cr
₹15 Cr
₹29 Cr
₹23 Cr
₹30 Cr
₹34 Cr
—
Sky Gold & Diamonds Ltd · SKYGOLD
₹5 Cr
₹3 Cr
₹4 Cr
₹5 Cr
₹1 Cr
₹6 Cr
₹6 Cr
₹11 Cr
₹7 Cr
₹9 Cr
₹14 Cr
₹21 Cr
₹37 Cr
₹37 Cr
₹38 Cr
₹44 Cr
₹67 Cr
₹81 Cr
₹91 Cr
—
Thangamayil Jewellery Ltd · THANGAMAYL
₹27 Cr
₹11 Cr
₹8 Cr
₹19 Cr
₹16 Cr
₹14 Cr
₹31 Cr
₹59 Cr
₹8 Cr
₹28 Cr
₹28 Cr
₹57 Cr
₹-17 Cr
₹48 Cr
₹31 Cr
₹46 Cr
₹59 Cr
₹105 Cr
₹143 Cr
—
Titan Company Ltd · TITAN
₹639 Cr
₹1.0K Cr
₹510 Cr
₹785 Cr
₹857 Cr
₹913 Cr
₹736 Cr
₹756 Cr
₹916 Cr
₹1.1K Cr
₹771 Cr
₹715 Cr
₹704 Cr
₹1.0K Cr
₹871 Cr
₹1.1K Cr
₹1.1K Cr
₹1.7K Cr
₹1.2K Cr
—
Vaibhav Global Ltd · VAIBHAVGBL
₹42 Cr
₹70 Cr
₹27 Cr
₹20 Cr
₹23 Cr
₹39 Cr
₹23 Cr
₹30 Cr
₹29 Cr
₹47 Cr
₹21 Cr
₹27 Cr
₹28 Cr
₹64 Cr
₹34 Cr
₹38 Cr
₹48 Cr
₹90 Cr
₹91 Cr
—
Profit growth · reported quarter history
Showing the 12 largest of 25 companies with a series here. The remaining 13 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
D.P. Abhushan Ltd · DPABHUSHAN
52%
81%
17%
205%
-26%
27%
-59%
23%
63%
-15%
300%
56%
92%
118%
56%
44%
104%
97%
104%
78%
Kalyan Jewellers India Ltd · KALYANKJIL
—
—
—
—
54%
9.6%
-2.8%
33%
27%
22%
96%
24%
-3.7%
22%
37%
48%
101%
90%
118%
—
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
—
—
—
—
—
—
—
—
59%
59%
48%
13%
97%
126%
99%
45%
—
PC Jeweller Ltd · PCJEWELLER
—
—
—
—
—
—
—
-332%
-260%
—
—
—
—
—
—
3.9%
17%
28%
61%
—
Rajesh Exports Ltd · RAJESHEXPO
—
—
—
-2.2%
-86%
41%
163%
14%
9.8%
-97%
-108%
-96%
2.2%
200%
—
-183%
126%
97%
-2,800%
—
Senco Gold Ltd · SENCO
—
—
—
—
—
—
—
22%
33%
5.8%
23%
82%
0.0%
-70%
94%
106%
308%
700%
153%
—
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
71%
44%
131%
127%
—
Sky Gold & Diamonds Ltd · SKYGOLD
—
—
—
0.0%
-80%
100%
50%
120%
600%
50%
133%
91%
429%
311%
171%
110%
81%
119%
139%
—
Thangamayil Jewellery Ltd · THANGAMAYL
—
—
—
—
-41%
27%
288%
211%
-50%
100%
-9.7%
-3.4%
-313%
71%
11%
-19%
—
119%
361%
—
Titan Company Ltd · TITAN
—
—
—
3,825%
34%
-9.1%
44%
-3.7%
6.9%
15%
4.8%
-5.4%
-23%
-0.6%
13%
53%
59%
61%
35%
—
Tribhovandas Bhimji Zaveri Ltd · TBZ⚠ unverified
—
—
—
—
—
—
—
—
—
0.0%
8.3%
55%
33%
43%
-31%
29%
167%
170%
656%
—
Vaibhav Global Ltd · VAIBHAVGBL
—
—
—
-80%
-45%
-44%
-15%
50%
26%
21%
-8.7%
-10%
-3.5%
36%
62%
41%
71%
41%
168%
—
04 · compare level, then change
Capacity Spending & Returns On It
Bluestone Jewellery & Lifestyle Ltd has the highest CAPEX among the 26 Diamond, Gems & Jewellery companies compared here, at ₹46 crore. Utssav CZ Gold Jewels Ltd is next at ₹1 crore. The same company also holds the highest CAPEX intensity, at 12.3%. 6 of 26 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Bluestone Jewellery & Lifestyle Ltd reports ₹46 crore of CAPEX; Bluestone Jewellery & Lifestyle Ltd has the highest covered intensity at 12.3%. Coverage is only 6 of 26 companies and 15 reported observations, so this is partial evidence—not a complete sector rank.
LeaderBluestone Jewellery & Lifestyle Ltd · ₹46 crore
Gap46× versus #2 · Utssav CZ Gold Jewels Ltd
Persistence2/2 recent comparable periods
Coverage6/26 companies · 15 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Bluestone Jewellery & Lifestyle Ltd BLUESTONE₹46 Cr
2Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified₹1 Cr
3Motisons Jewellers Ltd MOTISONS⚠ unverified₹0 Cr
4Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified₹0 Cr
5PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified₹0 Cr
CAPEX intensityhighest reinvestment intensity
1Bluestone Jewellery & Lifestyle Ltd BLUESTONE12%
2Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified0.1%
3Motisons Jewellers Ltd MOTISONS⚠ unverified0.0%
4Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified0.0%
5PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified0.0%
Capital expenditure · company comparison
6/26 level · 6/26 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | CAPEX | CAPEX intensity | Reported |
|---|---|---|---|
| Bluestone Jewellery & Lifestyle Ltd BLUESTONE | ₹46 Cr | 12% | Jun 2026 |
| Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified | ₹1 Cr | 0.1% | Mar 2026 |
| Sky Gold & Diamonds Ltd SKYGOLD | ₹0 Cr | 0.0% | Mar 2026 |
| Motisons Jewellers Ltd MOTISONS⚠ unverified | ₹0 Cr | 0.0% | Mar 2026 |
| PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified | ₹0 Cr | 0.0% | Mar 2026 |
| Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified | ₹0 Cr | 0.0% | Mar 2026 |
Full 20-quarter history · every available company
CAPEX · reported quarter history
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
—
—
—
₹32 Cr
₹46 Cr
—
—
—
—
—
—
—
Manoj Vaibhav Gems N Jewellers Ltd · MVGJL⚠ unverified
—
—
—
₹1 Cr
₹1 Cr
—
—
₹0 Cr
₹0 Cr
—
—
—
—
—
—
—
—
—
—
—
Motisons Jewellers Ltd · MOTISONS⚠ unverified
—
—
—
₹0 Cr
₹0 Cr
—
—
₹0 Cr
—
—
—
—
—
—
—
—
—
—
—
—
PNGS Reva Diamond Jewellery Limited · PNGSREVA⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
₹0 Cr
₹0 Cr
—
—
—
Sky Gold & Diamonds Ltd · SKYGOLD
₹0 Cr
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Utssav CZ Gold Jewels Ltd · UTSSAV⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
₹4 Cr
—
₹0 Cr
—
₹1 Cr
—
CAPEX intensity · reported quarter history
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
—
—
—
9.2%
12%
—
—
—
—
—
—
—
Manoj Vaibhav Gems N Jewellers Ltd · MVGJL⚠ unverified
—
—
—
—
—
—
—
0.0%
0.0%
—
—
—
—
—
—
—
—
—
—
—
Motisons Jewellers Ltd · MOTISONS⚠ unverified
—
—
—
—
—
—
—
0.0%
—
—
—
—
—
—
—
—
—
—
—
—
PNGS Reva Diamond Jewellery Limited · PNGSREVA⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.0%
—
—
—
Sky Gold & Diamonds Ltd · SKYGOLD
0.0%
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Utssav CZ Gold Jewels Ltd · UTSSAV⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.1%
—
0.0%
—
0.1%
—
Annual capital allocation · 10-year view
26/26 capacity base · 26/26 OCF · 26/26 CAPEX · 26/26 FCF
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
₹1.0K Cr
₹1.1K Cr
D.P. Abhushan Ltd · DPABHUSHAN
₹19 Cr
₹26 Cr
₹27 Cr
₹31 Cr
₹42 Cr
₹50 Cr
₹49 Cr
₹49 Cr
₹76 Cr
—
Kalyan Jewellers India Ltd · KALYANKJIL
₹873 Cr
₹1.9K Cr
₹2.2K Cr
₹2.2K Cr
₹2.0K Cr
₹1.9K Cr
₹1.9K Cr
₹2.3K Cr
₹2.9K Cr
₹3.3K Cr
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
₹240 Cr
₹246 Cr
₹238 Cr
₹212 Cr
₹246 Cr
₹326 Cr
₹410 Cr
PC Jeweller Ltd · PCJEWELLER
₹88 Cr
₹94 Cr
₹75 Cr
₹170 Cr
₹139 Cr
₹121 Cr
₹116 Cr
₹71 Cr
₹94 Cr
₹96 Cr
Rajesh Exports Ltd · RAJESHEXPO
₹1.3K Cr
₹1.3K Cr
₹1.5K Cr
₹1.5K Cr
₹1.5K Cr
₹1.5K Cr
₹2.1K Cr
₹2.1K Cr
₹1.4K Cr
₹1.4K Cr
Senco Gold Ltd · SENCO
—
₹90 Cr
₹86 Cr
₹206 Cr
₹214 Cr
₹230 Cr
₹293 Cr
₹363 Cr
₹407 Cr
₹477 Cr
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
—
—
₹15 Cr
₹51 Cr
₹52 Cr
₹50 Cr
₹50 Cr
₹65 Cr
Sky Gold & Diamonds Ltd · SKYGOLD
₹1 Cr
₹4 Cr
₹4 Cr
₹4 Cr
₹5 Cr
₹8 Cr
₹9 Cr
₹36 Cr
₹107 Cr
₹376 Cr
Thangamayil Jewellery Ltd · THANGAMAYL
₹73 Cr
₹75 Cr
₹72 Cr
₹83 Cr
₹81 Cr
₹91 Cr
₹122 Cr
₹156 Cr
₹212 Cr
₹300 Cr
Titan Company Ltd · TITAN
₹1.3K Cr
₹1.5K Cr
₹1.6K Cr
₹2.7K Cr
₹2.6K Cr
₹2.6K Cr
₹3.1K Cr
₹3.8K Cr
₹4.2K Cr
₹7.0K Cr
Vaibhav Global Ltd · VAIBHAVGBL
₹126 Cr
₹120 Cr
₹117 Cr
₹163 Cr
₹192 Cr
₹494 Cr
₹512 Cr
₹622 Cr
₹577 Cr
₹725 Cr
Operating cash flow · fiscal-year history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
₹33 Cr
₹27 Cr
₹-181 Cr
₹-666 Cr
₹-199 Cr
D.P. Abhushan Ltd · DPABHUSHAN
₹8 Cr
₹-9 Cr
₹37 Cr
₹7 Cr
₹-29 Cr
₹17 Cr
₹61 Cr
₹0 Cr
₹-19 Cr
₹-97 Cr
Kalyan Jewellers India Ltd · KALYANKJIL
—
—
—
₹320 Cr
₹629 Cr
₹245 Cr
₹1.0K Cr
₹1.3K Cr
₹1.2K Cr
₹1.3K Cr
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
₹68 Cr
₹147 Cr
₹73 Cr
₹107 Cr
₹6 Cr
₹-675 Cr
₹-717 Cr
PC Jeweller Ltd · PCJEWELLER
₹794 Cr
₹358 Cr
₹-1.9K Cr
₹76 Cr
₹91 Cr
₹-719 Cr
₹100 Cr
₹64 Cr
₹-633 Cr
₹-77 Cr
Rajesh Exports Ltd · RAJESHEXPO
₹2.5K Cr
₹-2.9K Cr
₹3.5K Cr
₹2.6K Cr
₹-10.3K Cr
₹-4 Cr
₹457 Cr
₹140 Cr
₹7.7K Cr
₹372 Cr
Senco Gold Ltd · SENCO
—
₹-48 Cr
₹48 Cr
₹48 Cr
₹182 Cr
₹-70 Cr
₹-78 Cr
₹-23 Cr
₹-221 Cr
₹-789 Cr
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
—
—
₹-5 Cr
₹-30 Cr
₹13 Cr
₹-14 Cr
₹-7 Cr
₹-282 Cr
Sky Gold & Diamonds Ltd · SKYGOLD
₹3 Cr
₹10 Cr
₹-13 Cr
₹6 Cr
₹-5 Cr
₹-7 Cr
₹-6 Cr
₹-158 Cr
₹-273 Cr
₹-45 Cr
Thangamayil Jewellery Ltd · THANGAMAYL
₹69 Cr
₹-53 Cr
₹85 Cr
₹-39 Cr
₹55 Cr
₹-79 Cr
₹10 Cr
₹330 Cr
₹-424 Cr
₹322 Cr
Titan Company Ltd · TITAN
₹1.7K Cr
₹-51 Cr
₹1.2K Cr
₹-348 Cr
₹4.1K Cr
₹-724 Cr
₹1.4K Cr
₹1.7K Cr
₹-541 Cr
₹5.6K Cr
Vaibhav Global Ltd · VAIBHAVGBL
₹74 Cr
₹41 Cr
₹204 Cr
₹214 Cr
₹326 Cr
₹88 Cr
₹127 Cr
₹277 Cr
₹165 Cr
₹310 Cr
CAPEX · reported cash flow · fiscal-year history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
—
₹329 Cr
D.P. Abhushan Ltd · DPABHUSHAN
—
₹8 Cr
₹3 Cr
₹7 Cr
₹15 Cr
₹13 Cr
₹4 Cr
₹6 Cr
₹36 Cr
—
Kalyan Jewellers India Ltd · KALYANKJIL
₹125 Cr
₹1.2K Cr
₹501 Cr
₹256 Cr
₹-14 Cr
₹203 Cr
₹245 Cr
₹699 Cr
₹849 Cr
₹899 Cr
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
—
₹33 Cr
₹14 Cr
₹-4 Cr
₹57 Cr
₹115 Cr
₹141 Cr
PC Jeweller Ltd · PCJEWELLER
₹19 Cr
₹27 Cr
₹0 Cr
₹132 Cr
₹4 Cr
₹10 Cr
₹22 Cr
₹-25 Cr
₹41 Cr
₹23 Cr
Rajesh Exports Ltd · RAJESHEXPO
₹3 Cr
₹75 Cr
₹234 Cr
₹141 Cr
₹27 Cr
₹87 Cr
₹722 Cr
₹68 Cr
₹-685 Cr
₹88 Cr
Senco Gold Ltd · SENCO
—
—
₹12 Cr
₹157 Cr
₹48 Cr
₹58 Cr
₹109 Cr
₹130 Cr
₹112 Cr
₹152 Cr
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
—
—
—
₹37 Cr
₹3 Cr
₹1 Cr
₹3 Cr
₹19 Cr
Sky Gold & Diamonds Ltd · SKYGOLD
₹0 Cr
₹3 Cr
₹1 Cr
₹0 Cr
₹1 Cr
₹4 Cr
₹2 Cr
₹33 Cr
₹82 Cr
₹282 Cr
Thangamayil Jewellery Ltd · THANGAMAYL
₹3 Cr
₹10 Cr
₹5 Cr
₹21 Cr
₹7 Cr
₹20 Cr
₹44 Cr
₹50 Cr
₹80 Cr
₹128 Cr
Titan Company Ltd · TITAN
₹574 Cr
₹307 Cr
₹245 Cr
₹1.4K Cr
₹279 Cr
₹473 Cr
₹954 Cr
₹1.2K Cr
₹1.1K Cr
₹3.7K Cr
Vaibhav Global Ltd · VAIBHAVGBL
₹26 Cr
₹19 Cr
₹22 Cr
₹77 Cr
₹68 Cr
₹357 Cr
₹96 Cr
₹203 Cr
₹57 Cr
₹251 Cr
Free cash flow · fiscal-year history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
—
₹-528 Cr
D.P. Abhushan Ltd · DPABHUSHAN
—
₹-17 Cr
₹34 Cr
₹0 Cr
₹-44 Cr
₹4 Cr
₹57 Cr
₹-6 Cr
₹-55 Cr
—
Kalyan Jewellers India Ltd · KALYANKJIL
—
—
—
₹64 Cr
₹643 Cr
₹42 Cr
₹768 Cr
₹623 Cr
₹360 Cr
₹419 Cr
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
—
₹114 Cr
₹59 Cr
₹111 Cr
₹-51 Cr
₹-790 Cr
₹-858 Cr
PC Jeweller Ltd · PCJEWELLER
₹775 Cr
₹331 Cr
₹-1.9K Cr
₹-56 Cr
₹87 Cr
₹-729 Cr
₹78 Cr
₹89 Cr
₹-674 Cr
₹-100 Cr
Rajesh Exports Ltd · RAJESHEXPO
₹2.5K Cr
₹-2.9K Cr
₹3.2K Cr
₹2.4K Cr
₹-10.3K Cr
₹-91 Cr
₹-265 Cr
₹72 Cr
₹8.4K Cr
₹284 Cr
Senco Gold Ltd · SENCO
—
—
₹36 Cr
₹-109 Cr
₹134 Cr
₹-128 Cr
₹-187 Cr
₹-153 Cr
₹-333 Cr
₹-941 Cr
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
—
—
—
₹-67 Cr
₹10 Cr
₹-15 Cr
₹-10 Cr
₹-301 Cr
Sky Gold & Diamonds Ltd · SKYGOLD
₹3 Cr
₹7 Cr
₹-14 Cr
₹6 Cr
₹-6 Cr
₹-11 Cr
₹-8 Cr
₹-191 Cr
₹-355 Cr
₹-327 Cr
Thangamayil Jewellery Ltd · THANGAMAYL
₹66 Cr
₹-63 Cr
₹80 Cr
₹-60 Cr
₹48 Cr
₹-99 Cr
₹-34 Cr
₹280 Cr
₹-504 Cr
₹194 Cr
Titan Company Ltd · TITAN
₹1.1K Cr
₹-358 Cr
₹998 Cr
₹-1.7K Cr
₹3.9K Cr
₹-1.2K Cr
₹416 Cr
₹447 Cr
₹-1.6K Cr
₹1.9K Cr
Vaibhav Global Ltd · VAIBHAVGBL
₹48 Cr
₹22 Cr
₹182 Cr
₹137 Cr
₹258 Cr
₹-269 Cr
₹31 Cr
₹74 Cr
₹108 Cr
₹59 Cr
05 · compare level, then change
Debt Load & Balance-Sheet Headroom
PNGS Gargi Fashion Jewellery Ltd has the lowest Gross debt among the 26 Diamond, Gems & Jewellery companies compared here, at ₹12 crore. Golkunda Diamonds & Jewellery Ltd is next at ₹36 crore. Rajesh Exports Ltd has the lowest Net debt at ₹1,599 crore net cash, so level and change sit with different companies.
What the numbers say: Rajesh Exports Ltd has the clearest covered balance-sheet capacity with ₹1,599 crore net cash and gross debt of ₹1,016 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderPNGS Gargi Fashion Jewellery Ltd · ₹12 crore
Gap66.7% versus #2 · Golkunda Diamonds & Jewellery Ltd
PersistenceNot enough history
Coverage26/26 companies · 333 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1PNGS Gargi Fashion Jewellery Ltd 543709₹12 Cr
2Golkunda Diamonds & Jewellery Ltd 523676 · older report₹36 Cr
3Motisons Jewellers Ltd MOTISONS⚠ unverified₹39 Cr
4Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified₹58 Cr
5Khazanchi Jewellers Ltd 543953₹110 Cr
Net debtlowest net debt
1Rajesh Exports Ltd RAJESHEXPO₹-1.6K Cr
2PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified₹-185 Cr
3Vaibhav Global Ltd VAIBHAVGBL₹10 Cr
4Motisons Jewellers Ltd MOTISONS⚠ unverified₹23 Cr
5Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified₹52 Cr
Debt and balance-sheet capacity · company comparison
26/26 level · 20/26 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Gross debt | Net debt | Reported |
|---|---|---|---|
| Titan Company Ltd TITAN | ₹30.6K Cr | ₹26.8K Cr | Mar 2026 |
| Kalyan Jewellers India Ltd KALYANKJIL | ₹6.1K Cr | ₹5.3K Cr | Mar 2026 |
| Senco Gold Ltd SENCO | ₹2.7K Cr | ₹2.2K Cr | Mar 2026 |
| Bluestone Jewellery & Lifestyle Ltd BLUESTONE | ₹2.0K Cr | ₹1.1K Cr | Jun 2026 |
| P N Gadgil Jewellers Ltd PNGJL | ₹1.7K Cr | ₹1.2K Cr | Mar 2026 |
| PC Jeweller Ltd PCJEWELLER | ₹1.2K Cr | ₹1.0K Cr | Mar 2026 |
| Rajesh Exports Ltd RAJESHEXPO | ₹1.0K Cr | ₹-1.6K Cr | Mar 2026 |
| Thangamayil Jewellery Ltd THANGAMAYL | ₹913 Cr | ₹789 Cr | Mar 2026 |
| Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified | ₹886 Cr | ₹784 Cr | Mar 2026 |
| Sky Gold & Diamonds Ltd SKYGOLD | ₹869 Cr | ₹634 Cr | Mar 2026 |
| Asian Star Company Ltd ASTAR⚠ unverified | ₹493 Cr | ₹80 Cr | Mar 2026 |
| Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified | ₹491 Cr | ₹382 Cr | Mar 2026 |
| Vaibhav Global Ltd VAIBHAVGBL | ₹416 Cr | ₹10 Cr | Mar 2026 |
| D.P. Abhushan Ltd DPABHUSHAN | ₹304 Cr | ₹278 Cr | Jun 2026 |
| Shanti Gold International Ltd SHANTIGOLD⚠ unverified | ₹216 Cr | ₹167 Cr | Mar 2026 |
| Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified | ₹189 Cr | ₹62 Cr | Mar 2026 |
| Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified | ₹186 Cr | ₹134 Cr | Mar 2026 |
| PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified | ₹170 Cr | ₹-185 Cr | Mar 2026 |
| RBZ Jewellers Ltd RBZJEWEL | ₹170 Cr | — | Mar 2026 |
| Uday Jewellery Industries Ltd 539518 | ₹162 Cr | — | Mar 2026 |
| SJ Corporation Ltd 504398 | ₹161 Cr | — | Mar 2026 |
| Khazanchi Jewellers Ltd 543953 | ₹110 Cr | — | Mar 2026 |
| Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified | ₹58 Cr | ₹52 Cr | Mar 2026 |
| Motisons Jewellers Ltd MOTISONS⚠ unverified | ₹39 Cr | ₹23 Cr | Mar 2026 |
| Golkunda Diamonds & Jewellery Ltd 523676 | ₹36 Cr | — | Dec 2025 |
| PNGS Gargi Fashion Jewellery Ltd 543709 | ₹12 Cr | — | Mar 2026 |
Full 20-quarter history · every available company
Gross debt · reported quarter history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
—
—
—
₹1.7K Cr
—
—
₹1.9K Cr
₹1.9K Cr
₹1.6K Cr
₹1.9K Cr
₹1.7K Cr
₹2.0K Cr
D.P. Abhushan Ltd · DPABHUSHAN
₹153 Cr
₹153 Cr
₹170 Cr
₹170 Cr
₹159 Cr
₹159 Cr
₹126 Cr
₹126 Cr
₹152 Cr
₹152 Cr
₹173 Cr
₹175 Cr
₹198 Cr
₹198 Cr
₹184 Cr
₹184 Cr
₹212 Cr
₹226 Cr
₹304 Cr
₹304 Cr
Kalyan Jewellers India Ltd · KALYANKJIL
₹4.3K Cr
₹4.3K Cr
₹4.0K Cr
₹4.0K Cr
₹4.0K Cr
₹4.0K Cr
₹4.3K Cr
₹4.3K Cr
₹4.4K Cr
₹4.4K Cr
₹4.5K Cr
₹4.5K Cr
₹4.6K Cr
₹4.6K Cr
₹5.0K Cr
₹5.0K Cr
₹5.3K Cr
₹5.3K Cr
₹6.1K Cr
—
P N Gadgil Jewellers Ltd · PNGJL
—
—
₹398 Cr
—
—
—
₹387 Cr
₹324 Cr
₹380 Cr
—
₹455 Cr
₹455 Cr
₹262 Cr
₹262 Cr
₹930 Cr
₹930 Cr
₹1.3K Cr
₹1.3K Cr
₹1.7K Cr
—
PC Jeweller Ltd · PCJEWELLER
₹3.2K Cr
₹3.2K Cr
₹3.4K Cr
₹3.4K Cr
₹3.6K Cr
₹3.6K Cr
₹3.7K Cr
₹3.7K Cr
₹3.9K Cr
₹3.9K Cr
₹4.2K Cr
₹4.2K Cr
₹4.0K Cr
₹4.0K Cr
₹2.2K Cr
₹2.2K Cr
₹1.6K Cr
₹1.6K Cr
₹1.2K Cr
—
Rajesh Exports Ltd · RAJESHEXPO
₹742 Cr
₹742 Cr
₹815 Cr
—
₹720 Cr
₹720 Cr
₹723 Cr
₹724 Cr
₹627 Cr
₹627 Cr
₹655 Cr
₹655 Cr
₹736 Cr
₹736 Cr
₹923 Cr
₹923 Cr
₹879 Cr
₹879 Cr
₹1.0K Cr
—
Senco Gold Ltd · SENCO
—
—
₹1.0K Cr
₹1.0K Cr
—
—
₹1.4K Cr
₹1.4K Cr
₹1.4K Cr
₹1.4K Cr
₹1.8K Cr
₹1.8K Cr
₹1.9K Cr
₹1.9K Cr
₹2.1K Cr
₹2.1K Cr
₹2.5K Cr
₹2.5K Cr
₹2.7K Cr
—
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
₹98 Cr
—
—
—
₹93 Cr
—
—
—
₹110 Cr
₹110 Cr
₹138 Cr
—
₹123 Cr
₹123 Cr
₹185 Cr
₹185 Cr
₹189 Cr
—
Sky Gold & Diamonds Ltd · SKYGOLD
₹78 Cr
—
₹92 Cr
₹91 Cr
₹104 Cr
—
₹146 Cr
₹146 Cr
₹192 Cr
₹192 Cr
₹330 Cr
₹330 Cr
₹494 Cr
₹494 Cr
₹630 Cr
₹632 Cr
₹814 Cr
₹814 Cr
₹869 Cr
—
Thangamayil Jewellery Ltd · THANGAMAYL
₹356 Cr
₹356 Cr
₹417 Cr
₹420 Cr
₹562 Cr
₹562 Cr
₹571 Cr
₹571 Cr
₹527 Cr
₹527 Cr
₹532 Cr
₹532 Cr
₹800 Cr
₹800 Cr
₹797 Cr
₹797 Cr
₹1.1K Cr
₹1.1K Cr
₹913 Cr
—
Titan Company Ltd · TITAN
₹6.3K Cr
₹6.3K Cr
₹7.3K Cr
₹7.3K Cr
₹7.7K Cr
₹7.7K Cr
₹9.4K Cr
₹9.4K Cr
₹14.3K Cr
₹14.3K Cr
₹15.5K Cr
₹15.5K Cr
₹21.6K Cr
₹21.6K Cr
₹20.8K Cr
₹20.8K Cr
₹12.5K Cr
₹28.6K Cr
₹30.6K Cr
—
Vaibhav Global Ltd · VAIBHAVGBL
₹154 Cr
₹154 Cr
₹165 Cr
₹165 Cr
₹166 Cr
₹166 Cr
₹193 Cr
₹193 Cr
₹189 Cr
₹189 Cr
₹218 Cr
₹218 Cr
₹241 Cr
₹241 Cr
₹228 Cr
₹228 Cr
₹227 Cr
₹227 Cr
₹416 Cr
—
Net debt · reported quarter history
Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
—
—
—
₹1.6K Cr
—
—
₹1.6K Cr
₹1.6K Cr
₹884 Cr
₹884 Cr
₹1.1K Cr
₹1.1K Cr
D.P. Abhushan Ltd · DPABHUSHAN
₹147 Cr
₹147 Cr
₹165 Cr
₹165 Cr
₹136 Cr
₹136 Cr
₹121 Cr
₹121 Cr
₹128 Cr
₹128 Cr
₹144 Cr
₹146 Cr
₹169 Cr
₹169 Cr
₹161 Cr
₹161 Cr
₹207 Cr
₹207 Cr
₹278 Cr
₹278 Cr
Kalyan Jewellers India Ltd · KALYANKJIL
₹3.4K Cr
₹3.4K Cr
₹3.9K Cr
₹3.3K Cr
₹3.1K Cr
₹3.1K Cr
₹4.2K Cr
₹4.2K Cr
₹3.4K Cr
₹3.4K Cr
₹4.3K Cr
₹4.3K Cr
₹3.5K Cr
₹3.5K Cr
₹4.6K Cr
₹3.9K Cr
₹4.5K Cr
₹4.5K Cr
₹5.3K Cr
—
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
—
—
—
—
₹306 Cr
₹356 Cr
—
₹429 Cr
₹429 Cr
₹-106 Cr
₹-106 Cr
₹836 Cr
₹836 Cr
₹589 Cr
₹589 Cr
₹1.2K Cr
—
PC Jeweller Ltd · PCJEWELLER
₹3.1K Cr
₹3.1K Cr
₹3.3K Cr
₹3.3K Cr
₹3.5K Cr
₹3.5K Cr
₹3.7K Cr
₹3.7K Cr
₹3.9K Cr
₹3.9K Cr
₹4.1K Cr
₹4.1K Cr
₹4.0K Cr
₹4.0K Cr
₹2.1K Cr
₹2.1K Cr
₹1.5K Cr
₹1.5K Cr
₹1.0K Cr
—
Rajesh Exports Ltd · RAJESHEXPO
₹-5.2K Cr
₹-5.2K Cr
₹-989 Cr
—
₹-1.1K Cr
₹-1.1K Cr
₹-1.4K Cr
₹-1.4K Cr
₹-1.3K Cr
₹-1.3K Cr
₹-1.6K Cr
₹-1.6K Cr
₹-1.8K Cr
₹-1.8K Cr
₹-968 Cr
₹-968 Cr
₹-1.7K Cr
₹-1.7K Cr
₹-1.6K Cr
—
Senco Gold Ltd · SENCO
—
—
—
₹1.0K Cr
—
—
₹1.4K Cr
₹1.4K Cr
₹939 Cr
₹939 Cr
₹1.7K Cr
₹1.2K Cr
₹1.4K Cr
₹1.4K Cr
₹2.0K Cr
₹2.0K Cr
₹1.9K Cr
₹1.9K Cr
₹2.2K Cr
—
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
₹108 Cr
₹133 Cr
—
₹122 Cr
₹122 Cr
₹181 Cr
₹181 Cr
₹62 Cr
—
Sky Gold & Diamonds Ltd · SKYGOLD
₹75 Cr
—
₹91 Cr
₹89 Cr
₹103 Cr
—
₹128 Cr
₹128 Cr
₹187 Cr
₹187 Cr
₹253 Cr
₹253 Cr
₹384 Cr
₹384 Cr
₹455 Cr
₹457 Cr
₹585 Cr
₹585 Cr
₹634 Cr
—
Thangamayil Jewellery Ltd · THANGAMAYL
₹331 Cr
₹331 Cr
₹416 Cr
₹416 Cr
₹491 Cr
₹491 Cr
₹565 Cr
₹565 Cr
₹452 Cr
₹452 Cr
₹518 Cr
₹518 Cr
₹623 Cr
₹623 Cr
₹708 Cr
₹708 Cr
₹902 Cr
₹902 Cr
₹789 Cr
—
Titan Company Ltd · TITAN
₹3.8K Cr
₹3.8K Cr
₹6.6K Cr
₹6.6K Cr
₹6.0K Cr
₹6.0K Cr
₹6.5K Cr
₹6.5K Cr
₹8.8K Cr
₹8.8K Cr
₹12.9K Cr
₹12.9K Cr
₹18.4K Cr
₹18.4K Cr
₹18.4K Cr
₹18.4K Cr
₹25.1K Cr
₹25.1K Cr
₹26.8K Cr
—
Vaibhav Global Ltd · VAIBHAVGBL
₹-267 Cr
₹-267 Cr
₹-26 Cr
₹-26 Cr
₹-47 Cr
₹-47 Cr
₹-80 Cr
₹-80 Cr
₹39 Cr
₹39 Cr
₹-15 Cr
₹-15 Cr
₹59 Cr
₹59 Cr
₹-17 Cr
₹-17 Cr
₹-24 Cr
₹-24 Cr
₹10 Cr
—
06 · compare level, then change
Return On Capital Employed
Khazanchi Jewellers Ltd has the highest ROCE among the 26 Diamond, Gems & Jewellery companies compared here, at 34.8%. PNGS Gargi Fashion Jewellery Ltd is next at 33.8%. Thangamayil Jewellery Ltd has the highest ROCE change at +17.8 percentage points, so level and change sit with different companies.
What the numbers say: Khazanchi Jewellers Ltd leads ROCE at 34.8%, 1 percentage points above PNGS Gargi Fashion Jewellery Ltd. Thangamayil Jewellery Ltd has the strongest latest improvement at +17.8 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderKhazanchi Jewellers Ltd · 34.8%
Gap3% versus #2 · PNGS Gargi Fashion Jewellery Ltd
PersistenceNot enough history
Coverage26/26 companies · 248 observations
Investor read: Khazanchi Jewellers Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Khazanchi Jewellers Ltd 54395335%
2PNGS Gargi Fashion Jewellery Ltd 54370934%
3Shanti Gold International Ltd SHANTIGOLD⚠ unverified34%
4Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified29%
5Sky Gold & Diamonds Ltd SKYGOLD27%
ROCE changefastest improvers
1Thangamayil Jewellery Ltd THANGAMAYL+17.8 pp
2Senco Gold Ltd SENCO+17.4 pp
3Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified+17.4 pp
4Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified+15.0 pp
5Khazanchi Jewellers Ltd 543953+11.0 pp
Return on capital · company comparison
26/26 level · 25/26 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| D.P. Abhushan Ltd DPABHUSHAN | 46% | +7.2 pp | Jun 2026 |
| Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified | 45% | +17.4 pp | Mar 2026 |
| Shanti Gold International Ltd SHANTIGOLD⚠ unverified | 37% | −7.2 pp | Mar 2026 |
| Titan Company Ltd TITAN | 36% | +2.6 pp | Mar 2026 |
| Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified | 35% | +15.0 pp | Mar 2026 |
| Thangamayil Jewellery Ltd THANGAMAYL | 34% | +17.8 pp | Mar 2026 |
| Sky Gold & Diamonds Ltd SKYGOLD | 33% | +7.3 pp | Mar 2026 |
| Senco Gold Ltd SENCO | 31% | +17.4 pp | Mar 2026 |
| P N Gadgil Jewellers Ltd PNGJL | 26% | +7.4 pp | Mar 2026 |
| Kalyan Jewellers India Ltd KALYANKJIL | 25% | +6.6 pp | Mar 2026 |
| Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified | 25% | −1.2 pp | Mar 2026 |
| Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified | 23% | −21.1 pp | Mar 2026 |
| Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified | 20% | −0.4 pp | Mar 2026 |
| PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified | 18% | +8.4 pp | Mar 2026 |
| Motisons Jewellers Ltd MOTISONS⚠ unverified | 17% | +1.0 pp | Mar 2026 |
| Vaibhav Global Ltd VAIBHAVGBL | 13% | +0.4 pp | Mar 2026 |
| Bluestone Jewellery & Lifestyle Ltd BLUESTONE | 11% | +10.2 pp | Jun 2026 |
| PC Jeweller Ltd PCJEWELLER | 6.9% | +0.9 pp | Mar 2026 |
| Asian Star Company Ltd ASTAR⚠ unverified | 3.1% | −1.1 pp | Mar 2026 |
| Rajesh Exports Ltd RAJESHEXPO | 1.7% | +0.4 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
—
—
—
-2.2%
—
—
-4.0%
1.2%
-0.4%
7.7%
6.3%
11%
D.P. Abhushan Ltd · DPABHUSHAN
42%
50%
40%
—
40%
—
34%
—
35%
38%
37%
47%
35%
51%
39%
53%
41%
61%
46%
—
Kalyan Jewellers India Ltd · KALYANKJIL
20%
—
16%
—
21%
—
20%
—
21%
24%
19%
24%
19%
24%
19%
25%
21%
30%
25%
—
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
—
—
—
—
—
14%
—
37%
40%
18%
31%
18%
33%
21%
35%
26%
—
PC Jeweller Ltd · PCJEWELLER
9.8%
—
-3.1%
—
1.2%
—
5.9%
—
-3.2%
-4.3%
-6.4%
0.1%
1.3%
11%
6.0%
14%
7.4%
15%
6.9%
—
Rajesh Exports Ltd · RAJESHEXPO
11%
—
8.9%
—
9.0%
—
11%
8.6%
8.1%
5.4%
2.2%
0.9%
0.5%
1.5%
1.3%
1.5%
1.7%
2.2%
1.7%
—
Senco Gold Ltd · SENCO
—
—
—
—
—
—
24%
27%
20%
23%
20%
29%
22%
20%
14%
23%
18%
41%
31%
—
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
27%
—
44%
51%
19%
34%
23%
—
Sky Gold & Diamonds Ltd · SKYGOLD
13%
—
20%
—
28%
—
30%
43%
39%
53%
26%
47%
26%
63%
26%
51%
26%
48%
33%
—
Thangamayil Jewellery Ltd · THANGAMAYL
27%
—
18%
—
19%
—
26%
—
32%
38%
31%
34%
30%
31%
16%
21%
21%
40%
34%
—
Titan Company Ltd · TITAN
27%
—
28%
—
36%
—
32%
39%
31%
39%
31%
37%
32%
36%
34%
40%
38%
50%
36%
—
Vaibhav Global Ltd · VAIBHAVGBL
29%
—
19%
—
12%
—
9.8%
—
11%
15%
13%
14%
12%
15%
13%
16%
14%
19%
13%
—
ROCE change · reported quarter history
Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+3.4 pp
—
—
+10.3 pp
+10.2 pp
D.P. Abhushan Ltd · DPABHUSHAN
—
—
—
—
−2.1 pp
—
−6.0 pp
—
−5.4 pp
—
+3.4 pp
—
+0.2 pp
+12.7 pp
+1.2 pp
+6.8 pp
+6.2 pp
+10.3 pp
+7.2 pp
—
Kalyan Jewellers India Ltd · KALYANKJIL
—
—
—
—
+1.2 pp
—
+4.4 pp
—
−0.2 pp
—
−1.1 pp
—
−2.0 pp
+0.3 pp
−0.5 pp
+0.8 pp
+1.9 pp
+6.4 pp
+6.6 pp
—
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
—
—
—
—
—
—
—
—
—
+4.8 pp
—
−18.4 pp
−7.0 pp
+2.8 pp
+4.1 pp
+7.4 pp
—
PC Jeweller Ltd · PCJEWELLER
—
—
—
—
−8.6 pp
—
+9.0 pp
—
−4.4 pp
—
−12.3 pp
—
+4.5 pp
+15.2 pp
+12.4 pp
+13.4 pp
+6.1 pp
+4.1 pp
+0.9 pp
—
Rajesh Exports Ltd · RAJESHEXPO
—
—
—
—
−1.5 pp
—
+1.6 pp
—
−0.9 pp
—
−8.3 pp
−7.7 pp
−7.6 pp
−3.9 pp
−0.9 pp
+0.6 pp
+1.2 pp
+0.7 pp
+0.4 pp
—
Senco Gold Ltd · SENCO
—
—
—
—
—
—
—
—
—
—
−4.3 pp
+1.2 pp
+1.5 pp
−3.1 pp
−6.3 pp
−5.9 pp
−3.8 pp
+20.5 pp
+17.4 pp
—
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−8.9 pp
—
−21.1 pp
—
Sky Gold & Diamonds Ltd · SKYGOLD
—
—
—
—
+15.4 pp
—
+10.3 pp
—
+11.0 pp
—
−4.0 pp
+4.4 pp
−12.9 pp
+9.6 pp
−0.1 pp
+3.3 pp
−0.8 pp
−14.7 pp
+7.3 pp
—
Thangamayil Jewellery Ltd · THANGAMAYL
—
—
—
—
−7.5 pp
—
+8.4 pp
—
+12.5 pp
—
+5.3 pp
—
−1.7 pp
−6.3 pp
−15.1 pp
−12.8 pp
−8.8 pp
+8.6 pp
+17.8 pp
—
Titan Company Ltd · TITAN
—
—
—
—
+9.6 pp
—
+4.6 pp
—
−5.9 pp
—
−0.9 pp
−1.6 pp
+1.7 pp
−2.8 pp
+2.3 pp
+3.3 pp
+6.2 pp
+13.5 pp
+2.6 pp
—
Vaibhav Global Ltd · VAIBHAVGBL
—
—
—
—
−17.4 pp
—
−9.3 pp
—
−0.6 pp
—
+3.0 pp
—
+0.8 pp
−0.1 pp
+0.1 pp
+1.5 pp
+2.0 pp
+3.5 pp
+0.4 pp
—
07 · compare level, then change
Valuation Against Growth & Quality
PC Jeweller Ltd has the lowest Guarded PEG among the 26 Diamond, Gems & Jewellery companies compared here, at 0.26×. Vaibhav Global Ltd is next at 0.33×. Manoj Vaibhav Gems N Jewellers Ltd has the lowest P/E at 6.56×, so level and change sit with different companies. 10 of 26 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: PC Jeweller Ltd has the lowest comparable Guarded PEG at 0.26×, 21.2% below Vaibhav Global Ltd. Only 10 of 26 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderPC Jeweller Ltd · 0.26×
Gap21.2% versus #2 · Vaibhav Global Ltd
Persistence1/8 recent comparable periods
Coverage10/26 companies · 59 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1PC Jeweller Ltd PCJEWELLER0.3
2Vaibhav Global Ltd VAIBHAVGBL0.3
3Thangamayil Jewellery Ltd THANGAMAYL0.8
4Senco Gold Ltd SENCO1.4
5Titan Company Ltd TITAN1.4
P/Elowest P/E
1Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified6.6
2Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified8.5
3Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified10.0
4RBZ Jewellers Ltd RBZJEWEL10.3
5Senco Gold Ltd SENCO10.9
Valuation · company comparison
10/26 level · 25/26 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Guarded PEG | P/E | Reported |
|---|---|---|---|
| Kalyan Jewellers India Ltd KALYANKJIL | 2.2 | 34.6 | Mar 2026 |
| D.P. Abhushan Ltd DPABHUSHAN | 1.9 | 52.4 | Jun 2026 |
| P N Gadgil Jewellers Ltd PNGJL | 1.8 | 19.6 | Mar 2026 |
| Rajesh Exports Ltd RAJESHEXPO | 1.7 | 14.9 | Mar 2026 |
| Sky Gold & Diamonds Ltd SKYGOLD | 1.7 | 21.8 | Mar 2026 |
| Titan Company Ltd TITAN | 1.4 | 72.4 | Mar 2026 |
| Senco Gold Ltd SENCO | 1.4 | 9.7 | Mar 2026 |
| Thangamayil Jewellery Ltd THANGAMAYL | 0.8 | 44.0 | Mar 2026 |
| Vaibhav Global Ltd VAIBHAVGBL | 0.3 | 14.8 | Mar 2026 |
| PC Jeweller Ltd PCJEWELLER | 0.3 | 8.5 | Mar 2026 |
| Golkunda Diamonds & Jewellery Ltd 523676 | — | 10.3 | Dec 2025 |
| Uday Jewellery Industries Ltd 539518 | — | 12.4 | Mar 2026 |
| PNGS Gargi Fashion Jewellery Ltd 543709 | — | 26.9 | Mar 2026 |
| Khazanchi Jewellers Ltd 543953 | — | 20.4 | Mar 2026 |
| Bluestone Jewellery & Lifestyle Ltd BLUESTONE | — | 147.7 | Jun 2026 |
| Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified | — | 14.4 | Mar 2026 |
| Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified | — | 5.5 | Mar 2026 |
| Motisons Jewellers Ltd MOTISONS⚠ unverified | — | 16.7 | Mar 2026 |
| Shanti Gold International Ltd SHANTIGOLD⚠ unverified | — | 8.8 | Mar 2026 |
| PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified | — | 24.5 | Mar 2026 |
| Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified | — | 10.3 | Mar 2026 |
| Asian Star Company Ltd ASTAR⚠ unverified | — | 26.9 | Mar 2026 |
| Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified | — | 5.9 | Mar 2026 |
| Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified | — | 8.1 | Mar 2026 |
| RBZ Jewellers Ltd RBZJEWEL | — | 8.5 | Mar 2026 |
Full 20-quarter history · every available company
Guarded PEG · reported quarter history
D.P. Abhushan Ltd · DPABHUSHAN
—
0.5
1.4
0.4
0.5
0.4
—
1.3
0.6
2.7
—
2.1
—
1.5
1.5
1.9
—
—
—
—
Kalyan Jewellers India Ltd · KALYANKJIL
—
3.3
—
0.9
—
—
—
—
1.2
3.0
3.0
3.8
4.0
5.8
3.6
1.6
2.2
—
—
—
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
—
—
—
—
—
—
—
—
—
1.7
1.8
—
—
—
—
—
—
PC Jeweller Ltd · PCJEWELLER
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.3
—
Rajesh Exports Ltd · RAJESHEXPO
—
0.6
0.4
0.9
—
—
—
0.3
—
1.7
—
—
—
—
—
—
—
—
—
—
Senco Gold Ltd · SENCO
—
—
—
—
—
—
—
—
0.4
—
2.5
—
—
—
—
—
—
1.4
—
—
Sky Gold & Diamonds Ltd · SKYGOLD
—
—
—
—
—
—
0.3
1.7
—
—
—
—
—
—
—
—
—
—
—
—
Thangamayil Jewellery Ltd · THANGAMAYL
—
—
—
—
—
—
1.0
—
—
—
—
0.8
—
—
—
—
—
—
—
—
Titan Company Ltd · TITAN
2.8
—
—
—
—
—
1.9
1.8
1.9
5.9
7.8
11.4
—
—
—
—
1.4
3.1
1.4
—
Vaibhav Global Ltd · VAIBHAVGBL
1.0
2.7
—
—
—
—
—
—
—
—
2.5
1.4
2.8
5.5
3.3
1.8
1.0
0.5
0.3
—
P/E · reported quarter history
Showing the 12 largest of 25 companies with a series here. The remaining 13 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
-104.3
479.3
147.7
D.P. Abhushan Ltd · DPABHUSHAN
16.5
30.2
22.5
20.4
22.5
15.8
17.0
15.4
34.7
36.5
45.9
75.5
89.1
83.7
74.7
79.2
81.1
81.6
53.0
52.4
Kalyan Jewellers India Ltd · KALYANKJIL
37.2
30.3
27.1
26.8
25.9
30.9
24.9
33.3
47.7
70.1
79.8
86.4
115.3
118.7
72.4
78.6
58.7
54.5
34.6
—
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
—
—
—
—
—
—
—
—
—
58.3
53.0
30.5
36.3
32.0
28.2
19.6
—
PC Jeweller Ltd · PCJEWELLER
14.2
18.0
16.8
-4.3
-45.3
—
—
—
—
—
—
-7.9
541.3
25.7
18.4
11.1
11.8
9.9
8.5
—
Rajesh Exports Ltd · RAJESHEXPO
17.9
20.0
17.4
16.8
17.1
19.9
14.9
11.3
10.1
9.5
10.6
24.7
25.8
108.7
57.8
—
61.6
47.6
14.9
—
Senco Gold Ltd · SENCO
—
—
—
—
—
—
—
—
21.7
24.6
31.8
48.3
55.6
40.4
33.2
35.1
26.0
21.0
9.7
—
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
21.1
26.7
14.4
—
Sky Gold & Diamonds Ltd · SKYGOLD
8.1
6.8
5.8
6.3
10.6
14.4
17.3
16.2
14.6
36.1
32.6
48.6
64.7
68.6
41.0
34.5
25.4
26.9
21.8
—
Thangamayil Jewellery Ltd · THANGAMAYL
18.9
34.5
38.8
36.4
28.7
30.3
26.6
28.6
31.1
40.1
30.7
42.0
60.1
61.7
54.1
48.8
58.1
54.3
44.0
—
Titan Company Ltd · TITAN
144.7
128.2
100.7
82.2
77.8
72.8
72.8
83.3
86.9
98.8
97.9
86.5
98.0
90.6
84.0
97.5
79.6
85.8
72.4
—
Vaibhav Global Ltd · VAIBHAVGBL
40.1
36.6
25.8
23.4
35.5
35.6
40.3
48.4
63.2
54.0
45.4
38.3
38.2
35.9
25.4
25.7
23.7
21.4
14.8
—
08 · compare level, then change
Enterprise Value & Book Value
Rajesh Exports Ltd has the lowest EV/EBITDA among the 26 Diamond, Gems & Jewellery companies compared here, at 1.9×. Tribhovandas Bhimji Zaveri Ltd is next at 5.2×. The same company also holds the lowest P/BV, at 0.15×. 25 of 26 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Rajesh Exports Ltd leads both ev/ebitda at 1.9× and p/bv at 0.15×.
LeaderRajesh Exports Ltd · 1.9×
Gap63.5% versus #2 · Tribhovandas Bhimji Zaveri Ltd
Persistence0/8 recent comparable periods
Coverage25/26 companies · 331 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Rajesh Exports Ltd RAJESHEXPO1.9
2Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified5.2
3Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified5.3
4Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified5.9
5Shanti Gold International Ltd SHANTIGOLD⚠ unverified6.7
P/BVlowest P/BV
1Rajesh Exports Ltd RAJESHEXPO0.2
2Asian Star Company Ltd ASTAR⚠ unverified0.6
3Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified0.9
4PC Jeweller Ltd PCJEWELLER1.0
5RBZ Jewellers Ltd RBZJEWEL1.9
Enterprise and book valuation · company comparison
25/26 level · 26/26 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | EV/EBITDA | P/BV | Reported |
|---|---|---|---|
| PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified | 109.7 | 2.0 | Mar 2026 |
| Bluestone Jewellery & Lifestyle Ltd BLUESTONE | 71.4 | 4.6 | Jun 2026 |
| Titan Company Ltd TITAN | 43.3 | 27.6 | Mar 2026 |
| D.P. Abhushan Ltd DPABHUSHAN | 31.0 | 15.4 | Jun 2026 |
| Thangamayil Jewellery Ltd THANGAMAYL | 27.4 | 9.1 | Mar 2026 |
| Kalyan Jewellers India Ltd KALYANKJIL | 18.9 | 7.5 | Mar 2026 |
| PNGS Gargi Fashion Jewellery Ltd 543709 | 17.8 | 6.5 | Mar 2026 |
| Khazanchi Jewellers Ltd 543953 | 14.8 | 5.8 | Mar 2026 |
| Sky Gold & Diamonds Ltd SKYGOLD | 14.8 | 4.9 | Mar 2026 |
| Asian Star Company Ltd ASTAR⚠ unverified | 14.7 | 0.6 | Mar 2026 |
| Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified | 12.8 | 2.6 | Mar 2026 |
| P N Gadgil Jewellers Ltd PNGJL | 12.5 | 4.4 | Mar 2026 |
| Motisons Jewellers Ltd MOTISONS⚠ unverified | 11.9 | 2.5 | Mar 2026 |
| Uday Jewellery Industries Ltd 539518 | 11.5 | 2.1 | Mar 2026 |
| PC Jeweller Ltd PCJEWELLER | 9.8 | 0.8 | Mar 2026 |
| Vaibhav Global Ltd VAIBHAVGBL | 8.5 | 2.1 | Mar 2026 |
| Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified | 8.3 | 2.7 | Mar 2026 |
| Golkunda Diamonds & Jewellery Ltd 523676 | 7.3 | 2.0 | Dec 2025 |
| Senco Gold Ltd SENCO | 7.3 | 2.2 | Mar 2026 |
| RBZ Jewellers Ltd RBZJEWEL | 6.9 | 1.6 | Mar 2026 |
| Shanti Gold International Ltd SHANTIGOLD⚠ unverified | 6.7 | 2.1 | Mar 2026 |
| Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified | 5.9 | 2.0 | Mar 2026 |
| Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified | 5.3 | 0.9 | Mar 2026 |
| Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified | 5.2 | 1.1 | Mar 2026 |
| Rajesh Exports Ltd RAJESHEXPO | 1.9 | 0.1 | Mar 2026 |
Full 20-quarter history · every available company
EV/EBITDA · reported quarter history
Showing the 12 largest of 25 companies with a series here. The remaining 13 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
76.1
61.3
61.2
71.4
D.P. Abhushan Ltd · DPABHUSHAN
11.3
17.9
14.1
13.1
14.3
10.7
11.3
10.5
20.9
21.8
26.9
42.8
50.8
47.8
43.1
45.6
46.8
47.1
31.4
31.0
Kalyan Jewellers India Ltd · KALYANKJIL
14.1
12.4
11.0
9.7
12.4
14.8
12.7
16.0
22.0
30.0
34.5
39.6
52.7
52.8
33.2
35.9
28.1
27.4
18.9
—
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
—
—
—
—
—
—
—
—
—
38.7
33.6
19.1
22.9
19.8
17.7
12.5
—
PC Jeweller Ltd · PCJEWELLER
7.8
10.0
16.7
—
88.2
29.0
16.2
11.1
23.1
24.9
—
—
—
85.9
31.9
23.6
17.0
10.9
9.8
—
Rajesh Exports Ltd · RAJESHEXPO
5.4
16.9
15.0
14.1
14.1
16.8
12.6
9.5
8.4
7.4
7.5
14.6
36.8
23.1
16.6
14.8
13.6
12.4
1.9
—
Senco Gold Ltd · SENCO
—
—
—
—
—
—
—
—
16.0
17.6
17.7
23.6
27.2
21.1
15.3
16.4
13.9
12.7
7.3
—
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
20.6
25.5
12.8
—
Sky Gold & Diamonds Ltd · SKYGOLD
18.2
13.4
8.7
7.9
8.5
10.1
13.7
11.5
9.9
25.5
21.9
28.4
37.7
44.8
26.8
22.1
17.5
18.1
14.8
—
Thangamayil Jewellery Ltd · THANGAMAYL
13.0
20.6
21.0
19.4
18.4
18.4
16.1
17.8
19.9
24.1
19.1
26.1
35.7
35.1
31.6
27.8
31.0
32.7
27.4
—
Titan Company Ltd · TITAN
82.8
77.4
64.2
52.2
51.4
48.2
47.2
53.3
55.5
62.6
61.7
54.3
59.2
54.3
49.7
54.9
46.6
49.6
43.3
—
Vaibhav Global Ltd · VAIBHAVGBL
28.6
25.1
18.2
16.5
23.5
22.7
20.8
22.6
29.1
25.2
21.3
17.2
17.4
16.2
12.2
12.8
12.2
11.6
8.5
—
P/BV · reported quarter history
Showing the 12 largest of 25 companies with a series here. The remaining 13 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Bluestone Jewellery & Lifestyle Ltd · BLUESTONE
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
5.4
4.3
4.2
4.6
D.P. Abhushan Ltd · DPABHUSHAN
4.8
8.7
7.9
8.5
6.6
4.7
5.0
4.5
10.2
10.7
13.5
22.2
26.1
24.6
21.9
23.2
23.8
23.9
15.6
15.4
Kalyan Jewellers India Ltd · KALYANKJIL
2.5
2.5
2.1
2.1
3.0
3.9
3.5
4.8
6.5
9.5
11.4
14.2
17.4
17.1
11.1
13.4
9.8
9.5
7.5
—
P N Gadgil Jewellers Ltd · PNGJL
—
—
—
—
—
—
—
—
—
—
—
—
7.2
6.7
4.9
5.2
5.2
4.9
4.4
—
PC Jeweller Ltd · PCJEWELLER
0.3
0.3
0.2
0.3
1.0
1.0
0.3
0.3
0.3
0.7
0.8
0.6
2.7
2.2
2.2
1.9
1.2
0.9
0.8
—
Rajesh Exports Ltd · RAJESHEXPO
1.6
1.8
1.7
1.5
1.3
1.6
1.4
1.3
1.2
0.7
0.5
0.6
0.6
0.5
0.3
0.4
0.3
0.4
0.1
—
Senco Gold Ltd · SENCO
—
—
—
—
—
—
—
—
3.9
4.4
4.8
6.5
8.3
5.8
3.1
4.0
2.8
2.5
2.2
—
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
2.8
3.6
2.6
—
Sky Gold & Diamonds Ltd · SKYGOLD
1.6
—
1.3
1.6
1.9
—
3.0
3.1
3.6
9.6
10.9
17.5
14.0
16.2
13.5
11.4
5.8
5.0
4.9
—
Thangamayil Jewellery Ltd · THANGAMAYL
5.4
6.6
5.5
4.7
5.3
4.7
4.7
5.9
9.6
10.0
8.7
12.8
14.8
11.4
12.1
11.7
5.7
8.5
9.1
—
Titan Company Ltd · TITAN
24.8
28.8
28.8
24.2
22.6
22.6
24.0
29.1
23.6
26.3
27.2
32.2
36.0
30.2
27.9
34.6
25.4
27.7
27.6
—
Vaibhav Global Ltd · VAIBHAVGBL
12.1
9.0
5.8
5.2
5.0
4.5
4.0
4.5
6.0
5.4
4.9
4.2
4.0
3.6
2.8
3.1
2.9
2.7
2.1
—
09 · let price answer last
Market action
Thangamayil Jewellery Ltd has the strongest one-year price move in Diamond, Gems & Jewellery at +240.4%. SJ Corporation Ltd leads on Mansfield relative strength against NIFTY at +203.5%. 12 of 22 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Diamond, Gems & Jewellery comparison names 6 specific ways its own evidence can mislead, all listed below. 1 of the 26 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 9 draw at least one figure from a second feed with too little overlap to cross-check.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
- 9 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
10 · the complete set
Which companies are included?
All 26 companies in the canonical Diamond, Gems & Jewellery membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. 1 of these is no longer being priced, so its price and relative strength are frozen at the last traded week shown.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
| Company | Market value | Price | Priced to | Latest fundamentals | Source standing |
|---|---|---|---|---|---|
| Titan Company Ltd TITANAHEAD19/26 WEEKS | ₹4.2 L Cr | ₹4,677 | 2026-07-19 | Mar 2026 | Cross-checked |
| Kalyan Jewellers India Ltd KALYANKJILAHEAD | ₹59.2K Cr | ₹574 | 2026-07-19 | Mar 2026 | Cross-checked |
| Thangamayil Jewellery Ltd THANGAMAYLAHEAD26/26 WEEKS | ₹21.5K Cr | ₹6,906 | 2026-07-19 | Mar 2026 | Cross-checked |
| Bluestone Jewellery & Lifestyle Ltd BLUESTONEAHEAD | ₹11.8K Cr | ₹772 | 2026-07-19 | Jun 2026 | Cross-checked |
| Sky Gold & Diamonds Ltd SKYGOLDAHEAD24/26 WEEKS | ₹10.1K Cr | ₹654 | 2026-07-19 | Mar 2026 | Cross-checked |
| PC Jeweller Ltd PCJEWELLER | ₹9.0K Cr | ₹9.3 | 2026-07-19 | Mar 2026 | Cross-checked |
| P N Gadgil Jewellers Ltd PNGJL | ₹8.8K Cr | ₹647 | 2026-07-19 | Mar 2026 | Cross-checked |
| Senco Gold Ltd SENCOAHEAD22/26 WEEKS | ₹6.3K Cr | ₹383 | 2026-07-19 | Mar 2026 | Cross-checked |
| Vaibhav Global Ltd VAIBHAVGBLAHEAD | ₹4.2K Cr | ₹252 | 2026-07-19 | Mar 2026 | Cross-checked |
| D.P. Abhushan Ltd DPABHUSHANAHEADLAGGING, FUNDAMENTALS UP | ₹3.0K Cr | ₹1,328 | 2026-07-19 | Jun 2026 | Cross-checked |
| Rajesh Exports Ltd RAJESHEXPO | ₹2.6K Cr | ₹88.9 | 2026-07-19 | Mar 2026 | Cross-checked |
| Shringar House of Mangalsutra Ltd SHRINGARMSAHEAD⚠ unverified | ₹2.1K Cr | ₹220 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Tribhovandas Bhimji Zaveri Ltd TBZAHEAD⚠ unverified | ₹1.7K Cr | ₹259 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Khazanchi Jewellers Ltd 543953 | ₹1.7K Cr | ₹673 | 2026-07-19 | Mar 2026 | Primary source only |
| Motisons Jewellers Ltd MOTISONSLAGGING, FUNDAMENTALS UP⚠ unverified | ₹1.6K Cr | ₹14.2 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Shanti Gold International Ltd SHANTIGOLD⚠ unverified | ₹1.5K Cr | ₹211 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified | ₹1.3K Cr | ₹406 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Utssav CZ Gold Jewels Ltd UTSSAVAHEAD⚠ unverified | ₹1.2K Cr | ₹517 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Asian Star Company Ltd ASTAR⚠ unverified | ₹971 Cr | ₹606 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| SJ Corporation Ltd 504398AHEAD26/26 WEEKS | ₹776 Cr | ₹179 | 2026-07-19 | Mar 2026 | Primary source only |
| Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified | ₹761 Cr | ₹156 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Radhika Jeweltech Ltd RADHIKAJWELAGGING, FUNDAMENTALS UP⚠ unverified | ₹751 Cr | ₹63.6 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| PNGS Gargi Fashion Jewellery Ltd 543709 | ₹685 Cr | ₹655 | 2026-07-19 | Mar 2026 | Primary source only |
| RBZ Jewellers Ltd RBZJEWEL | ₹564 Cr | ₹141 | 2026-07-19 | Mar 2026 | Primary source only |
| Uday Jewellery Industries Ltd 539518 | ₹491 Cr | ₹144 | 2026-07-19 | Mar 2026 | Primary source only |
| Golkunda Diamonds & Jewellery Ltd 523676 | ₹195 Cr | ₹280 | 2026-03-29 · not currently priced | Dec 2025 | Primary source only |
How each company's sources stand: 9 of 26 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.
Evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 26 Diamond, Gems & Jewellery companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing11 cross-checked · 15 unverified · 0 withheld, of 26 graded companies.
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.
Questions investors ask · short, speakable answers
Diamond, Gems & Jewellery company comparison FAQs
These 18 answers restate the Diamond, Gems & Jewellery comparison above in question form. Every one is computed from the same 26 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.
What is the Nifty Diamond, Gems & Jewellery index?
The Nifty Diamond, Gems & Jewellery index tracks India's listed Diamond, Gems & Jewellery companies as a single basket. This page follows the same 26 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Diamond, Gems & Jewellery sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best Diamond, Gems & Jewellery stocks in India?
Ranked by this page's four-factor score, Tribhovandas Bhimji Zaveri Ltd places first among 26 listed Diamond, Gems & Jewellery companies, followed by Thangamayil Jewellery Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Diamond, Gems & Jewellery stocks are listed in India?
This comparison covers 26 listed Diamond, Gems & Jewellery companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Diamond, Gems & Jewellery company is the biggest?
Rajesh Exports Ltd is the largest, with trailing-twelve-month revenue of ₹7,78,716 crore, ahead of Titan Company Ltd at ₹87,584 crore. That covers 23 of 26 companies with comparable reporting through Mar 2026.
Which Diamond, Gems & Jewellery company is growing fastest?
Uday Jewellery Industries Ltd has the fastest revenue growth at 100% year on year, across 23 of 26 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Diamond, Gems & Jewellery company has the best profit margins?
PNGS Gargi Fashion Jewellery Ltd has the highest operating margin at 23.4%, from 26 of 26 comparable companies. PNGS Reva Diamond Jewellery Limited shows the biggest recent improvement, at +8 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Diamond, Gems & Jewellery company makes the most profit?
Titan Company Ltd earns the most, at ₹5,074 crore of trailing-twelve-month net profit, from 23 of 26 comparable companies. Uday Jewellery Industries Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Diamond, Gems & Jewellery company earns the highest return on capital?
Khazanchi Jewellers Ltd leads on return on capital employed at 34.8%, across 26 of 26 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Diamond, Gems & Jewellery stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — PC Jeweller Ltd screens cheapest at 0.26×. Only 10 of 26 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Diamond, Gems & Jewellery company has the strongest balance sheet?
PNGS Gargi Fashion Jewellery Ltd carries the lowest comparable gross debt at ₹12 crore, from 26 of 26 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which Diamond, Gems & Jewellery stock has the strongest price momentum?
SJ Corporation Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Diamond, Gems & Jewellery company scores highest for research priority?
Tribhovandas Bhimji Zaveri Ltd scores 75 out of 100 with 82.8% evidence confidence, from 27.9 points on growth and earnings, 15 on capital efficiency, 14.3 on valuation and 17.8 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Diamond, Gems & Jewellery companies does this comparison cover, and over what period?
It compares 26 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Diamond, Gems & Jewellery sector?
The 26 Diamond, Gems & Jewellery companies on this page carry ₹5,68,128 crore of combined market value. Titan Company Ltd is the largest at ₹4,15,218 crore, about 73% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.
What is the Diamond, Gems & Jewellery sector's P/E ratio?
The median price-to-earnings ratio across the 26 Diamond, Gems & Jewellery companies on this page is 19.9×, measured on the 25 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.
How is the Diamond, Gems & Jewellery sector performing?
12 of the 22 covered Diamond, Gems & Jewellery companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.