Sector Alpha Week of 2026-08-05
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.

01 · the index people search for

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.

02 · the sector itself · before any single company

How has Diamond, Gems & Jewellery moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 37% ahead of NIFTY 500. Earnings across its companies grew 45% 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 up15 of 23 companies ahead of NIFTY 500 by 5% or more over three months4 are 20% or more behind over a year while earnings grew 20% or more

RS ↑10w · 18/23 >200d (+4) · 15/23 lead (+2) · EPS 17/21↑

200500100020262025202420232022 1415333 TRAILING 12-MONTH EPS · 100 AT THE START0100178Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Jun 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 16.2% on a year ago · 7 reporting · thin coverageSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 11.4% on a year ago · 14 reportingDec 2023 · trailing 12-month earnings per share at 112, against 100 at the start · up 20.3% on a year ago · 14 reportingMar 2024 · trailing 12-month earnings per share at 109, against 100 at the start · up 29.7% on a year ago · 16 reportingJun 2024 · trailing 12-month earnings per share at 109, against 100 at the start · up 9.0% on a year ago · 16 reportingSep 2024 · trailing 12-month earnings per share at 110, against 100 at the start · up 6.7% on a year ago · 17 reportingDec 2024 · trailing 12-month earnings per share at 118, against 100 at the start · up 19.0% on a year ago · 16 reportingMar 2025 · trailing 12-month earnings per share at 109, against 100 at the start · up 16.0% on a year ago · 20 reportingJun 2025 · trailing 12-month earnings per share at 124, against 100 at the start · up 24.1% on a year ago · 19 reportingSep 2025 · trailing 12-month earnings per share at 141, against 100 at the start · up 47.4% on a year ago · 20 reportingDec 2025 · trailing 12-month earnings per share at 173, against 100 at the start · up 57.0% on a year ago · 19 reportingMar 2026 · trailing 12-month earnings per share at 178, against 100 at the start · up 52.1% on a year ago · 16 reportingNot reported yet — earnings trail price by a quarter or two178 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200500100020262025202420232022 1415333 TRAILING 12-MONTH EPS · 100 AT THE START0100178Mar 24Mar 25Mar 26Jun 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 16.2% on a year ago · 7 reporting · thin coverageSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 11.4% on a year ago · 14 reportingDec 2023 · trailing 12-month earnings per share at 112, against 100 at the start · up 20.3% on a year ago · 14 reportingMar 2024 · trailing 12-month earnings per share at 109, against 100 at the start · up 29.7% on a year ago · 16 reportingJun 2024 · trailing 12-month earnings per share at 109, against 100 at the start · up 9.0% on a year ago · 16 reportingSep 2024 · trailing 12-month earnings per share at 110, against 100 at the start · up 6.7% on a year ago · 17 reportingDec 2024 · trailing 12-month earnings per share at 118, against 100 at the start · up 19.0% on a year ago · 16 reportingMar 2025 · trailing 12-month earnings per share at 109, against 100 at the start · up 16.0% on a year ago · 20 reportingJun 2025 · trailing 12-month earnings per share at 124, against 100 at the start · up 24.1% on a year ago · 19 reportingSep 2025 · trailing 12-month earnings per share at 141, against 100 at the start · up 47.4% on a year ago · 20 reportingDec 2025 · trailing 12-month earnings per share at 173, against 100 at the start · up 57.0% on a year ago · 19 reportingMar 2026 · trailing 12-month earnings per share at 178, against 100 at the start · up 52.1% on a year ago · 16 reportingNot reported yet — earnings trail price by a quarter or two178No earnings on file this far back — the price series reaches further than the filings do
Diamond, Gems & Jewellery, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

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 23 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.

03 · sector relative strength, before individual stocks

Is Diamond, Gems & Jewellery outperforming NIFTY 500?

Diamond, Gems & Jewellery has outperformed NIFTY 500 by 23.7% over the last 52 weeks. Over 13 weeks the gap is a lead of 19.8%. 15 of 23 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 +65.4%.

+19.8%Sector vs NIFTY 500 · 13 weeks
+23.7%Sector vs NIFTY 500 · 52 weeks
15/23Stocks leading NIFTY 500
7/22Stocks 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

Diamond, Gems & Jewellery has outperformed NIFTY 500 by 23.7% over 52 weeks and 19.8% over 13 weeks. 15 of 23 covered companies beat NIFTY on Mansfield relative strength, while 7 of 22 beat the sector itself. Rajesh Exports Ltd leads with revenue of ₹7,78,716 crore, based on 24 of 26 comparable companies through Mar 2026.

Companies
26
complete canonical membership
Combined market value
₹5.9 L Cr
Titan Company Ltd
Revenue growing
22/23
positive TTM year-on-year growth
Beating NIFTY 500
15/23
positive Mansfield relative strength
Comparing 5 of 26
04 · 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.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Tribhovandas Bhimji Zaveri LtdTBZ 77.9/100Favorable setup83% evidence BREAKING OUT 28.0/35 Revenue 22.3% · PAT 100% · OPM change 7 pp 83% evidence 17.6/25 ROCE 21.4% · OPM 14% 95% evidence 13.9/20 P/E 9.1× · PEG — 50% evidence 18.4/20 RS sector 30.1% · RS bench 57.6% · 1Y 46.1%10 of 12 weeks ahead 100% evidence
Exact sum: 28 + 17.6 + 13.9 + 18.4 = 77.9 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Khazanchi Jewellers Ltd543953 72.3/100Favorable setup72% evidence TURNING 26.5/35 Revenue 15.7% · PAT 100% · OPM change 3.9 pp 83% evidence 18.5/25 ROCE 34.8% · OPM 7% 76% evidence 13.5/20 P/E 20× · PEG — 50% evidence 13.8/20 RS sector 13.2% · RS bench 5.2% · 1Y 20%1 of 10 weeks ahead 70% evidence
Exact sum: 26.5 + 18.5 + 13.5 + 13.8 = 72.3 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
3Senco Gold LtdSENCO 71.3/100Favorable setup90% evidence TURNING 28.8/35 Revenue 33.2% · PAT 100% · OPM change 5 pp 88% evidence 15.3/25 ROCE 20.9% · OPM 14% 100% evidence 15.1/20 P/E 11.5× · PEG 1.35 100% evidence 12.1/20 RS sector -1.1% · RS bench 18.8% · 1Y 18.6%9 of 11 weeks ahead 70% evidence
Exact sum: 28.8 + 15.3 + 15.1 + 12.1 = 71.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Sky Gold & Diamonds LtdSKYGOLD 68.7/100Favorable setup93% evidence LEADER 26.0/35 Revenue 77.4% · PAT 100% · OPM change 1 pp 83% evidence 16.7/25 ROCE 27% · OPM 7% 95% evidence 8.0/20 P/E 36.2× · PEG 1.71 100% evidence 18.0/20 RS sector 35.8% · RS bench 63.5% · 1Y 113.7%12 of 12 weeks ahead 100% evidence
Exact sum: 26 + 16.7 + 8 + 18 = 68.7 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
5Utssav CZ Gold Jewels LtdUTSSAV 67.1/100Thin evidence · provisional56% evidence LEADER 19.6/35 Revenue — · PAT — · OPM change 0 pp 26% evidence 17.9/25 ROCE 28.8% · OPM 7% 95% evidence 9.7/20 P/E 21.2× · PEG — 15% evidence 19.9/20 RS sector 65.4% · RS bench 98% · 1Y 136%12 of 12 weeks ahead 100% evidence
Exact sum: 19.6 + 17.9 + 9.7 + 19.9 = 67.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Thangamayil Jewellery LtdTHANGAMAYL 62.7/100Mixed-positive evidence100% evidence LEADER 26.9/35 Revenue 83.2% · PAT 100% · OPM change -1 pp 100% evidence 13.3/25 ROCE 25.5% · OPM 5% 100% evidence 9.8/20 P/E 41.4× · PEG 0.77 100% evidence 12.7/20 RS sector 18.4% · RS bench 42.3% · 1Y 185%11 of 12 weeks ahead 100% evidence
Exact sum: 26.9 + 13.3 + 9.8 + 12.7 = 62.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Shanti Gold International LtdSHANTIGOLD 61.0/100Mixed-positive evidence70% evidence TURNING 22.3/35 Revenue 82.5% · PAT 100% · OPM change 3 pp 83% evidence 20.1/25 ROCE 33.5% · OPM 10% 95% evidence 11.1/20 P/E 11.2× · PEG — 15% evidence 7.5/20 RS sector -16.8% · RS bench 1.5% · 1Y -5.2%9 of 12 weeks ahead 70% evidence
Exact sum: 22.3 + 20.1 + 11.1 + 7.5 = 61 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Kalyan Jewellers India LtdKALYANKJIL 57.7/100Mixed-positive evidence96% evidence TURNING 23.8/35 Revenue 42.7% · PAT 89% · OPM change 1 pp 88% evidence 11.4/25 ROCE 20.5% · OPM 7% 100% evidence 5.6/20 P/E 45.9× · PEG 2.19 100% evidence 16.9/20 RS sector 9.7% · RS bench 33.5% · 1Y 3.1%3 of 12 weeks ahead 100% evidence
Exact sum: 23.8 + 11.4 + 5.6 + 16.9 = 57.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Vaibhav Global LtdVAIBHAVGBL 57.7/100Mixed-positive evidence90% evidence TURNING 18.2/35 Revenue 9.3% · PAT 74.5% · OPM change 2 pp 88% evidence 13.2/25 ROCE 16.4% · OPM 9% 100% evidence 16.6/20 P/E 16.6× · PEG 0.33 100% evidence 9.7/20 RS sector -6.5% · RS bench 14.1% · 1Y 14.4%5 of 10 weeks ahead 70% evidence
Exact sum: 18.2 + 13.2 + 16.6 + 9.7 = 57.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Uday Jewellery Industries Ltd539518 57.1/100Mixed-positive evidence78% evidence 27.6/35 Revenue 100% · PAT 100% · OPM change 3 pp 83% evidence 14.6/25 ROCE 22.4% · OPM 7% 76% evidence 12.1/20 P/E 13.7× · PEG — 50% evidence 2.8/20 RS sector -19.1% · RS bench -3.8% · 1Y -4.7%9 of 10 weeks ahead 100% evidence
Exact sum: 27.6 + 14.6 + 12.1 + 2.8 = 57.1 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -19.1% and the one-year return is -4.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
11RBZ Jewellers LtdRBZJEWEL 55.6/100Mixed-positive evidence83% evidence TURNING 19.1/35 Revenue 20% · PAT 41% · OPM change 0 pp 83% evidence 14.9/25 ROCE 21.8% · OPM 11% 95% evidence 13.8/20 P/E 10.9× · PEG — 50% evidence 7.8/20 RS sector -12.3% · RS bench 6.9% · 1Y 9.7%6 of 12 weeks ahead 100% evidence
Exact sum: 19.1 + 14.9 + 13.8 + 7.8 = 55.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12P N Gadgil Jewellers LtdPNGJL 54.4/100Mixed-positive evidence93% evidence TURNING 26.1/35 Revenue 47.8% · PAT 76.6% · OPM change 2 pp 100% evidence 12.6/25 ROCE 20.9% · OPM 8% 100% evidence 8.6/20 P/E 20.3× · PEG 1.77 65% evidence 7.1/20 RS sector -9.8% · RS bench 10.1% · 1Y 15.2%0 of 12 weeks ahead 100% evidence
Exact sum: 26.1 + 12.6 + 8.6 + 7.1 = 54.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Shringar House of Mangalsutra LtdSHRINGARMS 53.2/100Thin evidence · provisional56% evidence BREAKING OUT 17.3/35 Revenue 57.2% · PAT 90.2% · OPM change -1 pp 83% evidence 15.8/25 ROCE 26.8% · OPM 6% 95% evidence 10.1/20 P/E 18.6× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —6 of 12 weeks ahead 0% evidence
Exact sum: 17.3 + 15.8 + 10.1 + 10 = 53.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14Titan Company LtdTITAN 51.8/100Mixed-positive evidence96% evidence TURNING 19.1/35 Revenue 44.9% · PAT 52% · OPM change -3 pp 88% evidence 14.9/25 ROCE 20.5% · OPM 7% 100% evidence 8.5/20 P/E 84× · PEG 1.43 100% evidence 9.3/20 RS sector -2.6% · RS bench 18.6% · 1Y 40.9%1 of 12 weeks ahead 100% evidence
Exact sum: 19.1 + 14.9 + 8.5 + 9.3 = 51.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Golkunda Diamonds & Jewellery Ltd523676 51.7/100Thin evidence · provisional57% evidence 13.3/35 Revenue 1.3% · PAT -12.4% · OPM change -0.8 pp 53% evidence 13.4/25 ROCE 19.9% · OPM 9.7% 57% evidence 8.9/20 P/E 16× · PEG — 50% evidence 16.1/20 RS sector 61.7% · RS bench 52.8% · 1Y 53.4%9 of 12 weeks ahead to 2026-03-29 70% evidence
Exact sum: 13.3 + 13.4 + 8.9 + 16.1 = 51.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
16D.P. Abhushan LtdDPABHUSHAN 50.9/100Mixed-positive evidence100% evidence TURNING 21.3/35 Revenue 9.4% · PAT 79.6% · OPM change 0.7 pp 100% evidence 15.3/25 ROCE 24.4% · OPM 10.7% 100% evidence 4.7/20 P/E 74.2× · PEG 1.87 100% evidence 9.6/20 RS sector -16.9% · RS bench 1.6% · 1Y -21.5%3 of 12 weeks ahead 100% evidence
Exact sum: 21.3 + 15.3 + 4.7 + 9.6 = 50.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17PNGS Gargi Fashion Jewellery Ltd543709 47.4/100Mixed-negative evidence76% evidence ASLEEP 8.4/35 Revenue 18.3% · PAT 8.7% · OPM change -3.5 pp 95% evidence 20.7/25 ROCE 33.8% · OPM 19.8% 76% evidence 10.7/20 P/E 21.2× · PEG — 50% evidence 7.6/20 RS sector -2.3% · RS bench -30.5% · 1Y -27.9%1 of 10 weeks ahead 70% evidence
Exact sum: 8.4 + 20.7 + 10.7 + 7.6 = 47.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18Bluestone Jewellery & Lifestyle LtdBLUESTONE 46.4/100Thin evidence · provisional54% evidence TURNING 23.5/35 Revenue 40% · PAT 100% · OPM change 3.4 pp 74% evidence 4.4/25 ROCE 7.1% · OPM 14.5% 100% evidence 8.5/20 P/E 221× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y 49.4%7 of 10 weeks ahead 0% evidence
Exact sum: 23.5 + 4.4 + 8.5 + 10 = 46.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
19PC Jeweller LtdPCJEWELLER 43.3/100Mixed-negative evidence90% evidence ASLEEP 14.5/35 Revenue 49.4% · PAT 23.7% · OPM change -3 pp 88% evidence 8.2/25 ROCE 9.6% · OPM 18% 100% evidence 16.2/20 P/E 12.6× · PEG 0.26 100% evidence 4.4/20 RS sector -22.2% · RS bench -12.7% · 1Y -36.4%1 of 11 weeks ahead 70% evidence
Exact sum: 14.5 + 8.2 + 16.2 + 4.4 = 43.3 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
20Radhika Jeweltech LtdRADHIKAJWE 43.3/100Mixed-negative evidence83% evidence TURNING 11.6/35 Revenue 8.7% · PAT 30% · OPM change -6.7 pp 83% evidence 14.3/25 ROCE 25.1% · OPM 5.7% 95% evidence 10.7/20 P/E 11.3× · PEG — 50% evidence 6.7/20 RS sector -20.8% · RS bench -3.1% · 1Y -27.2%1 of 12 weeks ahead 100% evidence
Exact sum: 11.6 + 14.3 + 10.7 + 6.7 = 43.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21Motisons Jewellers LtdMOTISONS 42.0/100Mixed-negative evidence83% evidence FADING 13.4/35 Revenue 5.9% · PAT 47.6% · OPM change -9.4 pp 83% evidence 12.8/25 ROCE 17.9% · OPM 6.1% 95% evidence 11.8/20 P/E 25.3× · PEG — 50% evidence 4.0/20 RS sector -24.3% · RS bench -7.5% · 1Y -33.4%2 of 12 weeks ahead 100% evidence
Exact sum: 13.4 + 12.8 + 11.8 + 4 = 42 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22Manoj Vaibhav Gems N Jewellers LtdMVGJL 40.1/100Mixed-negative evidence83% evidence ASLEEP 12.6/35 Revenue 15.1% · PAT 13.9% · OPM change -1 pp 83% evidence 10.1/25 ROCE 15.6% · OPM 5% 95% evidence 14.1/20 P/E 7.1× · PEG — 50% evidence 3.3/20 RS sector -22.3% · RS bench -5% · 1Y -22.3%1 of 12 weeks ahead 100% evidence
Exact sum: 12.6 + 10.1 + 14.1 + 3.3 = 40.1 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
23Asian Star Company LtdASTAR 27.8/100Adverse evidence75% evidence ASLEEP 12.0/35 Revenue -2.5% · PAT -2.5% · OPM change 0.2 pp 62% evidence 7.2/25 ROCE 3.6% · OPM 0.8% 95% evidence 6.8/20 P/E 23.6× · PEG — 50% evidence 1.8/20 RS sector -27.2% · RS bench -10.9% · 1Y -21%2 of 12 weeks ahead 100% evidence
Exact sum: 12 + 7.2 + 6.8 + 1.8 = 27.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
24Rajesh Exports LtdRAJESHEXPO 26.8/100Adverse evidence96% evidence ASLEEP 16.3/35 Revenue 84% · PAT 15.6% · OPM change -0.1 pp 88% evidence 4.4/25 ROCE 1.9% · OPM -0.1% 100% evidence 5.8/20 P/E 22.3× · PEG 1.74 100% evidence 0.3/20 RS sector -53.8% · RS bench -43.2% · 1Y -56.6%0 of 12 weeks ahead 100% evidence
Exact sum: 16.3 + 4.4 + 5.8 + 0.3 = 26.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
25PNGS Reva Diamond Jewellery LimitedPNGSREVA 60.0/100Thin evidence · provisional43% evidence ASLEEP 23.5/35 Revenue — · PAT — · OPM change 7 pp 45% evidence 16.1/25 ROCE 22% · OPM 29% 95% evidence 10.4/20 P/E 16.1× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —0 of 3 weeks ahead 0% evidence
Exact sum: 23.5 + 16.1 + 10.4 + 10 = 60 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
26SJ Corporation Ltd504398 42.1/100Thin evidence · provisional28% evidence TURNING 16.0/35 Revenue — · PAT — · OPM change -5.2 pp 10% evidence 3.6/25 ROCE 0.1% · OPM -4.8% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 12.5/20 RS sector — · RS bench 175.1% · 1Y —3 of 3 weeks ahead 25% evidence
Exact sum: 16 + 3.6 + 10 + 12.5 = 42.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
Showing 10 of 26 companies
05 · what price has already done

Market action

Thangamayil Jewellery Ltd has the strongest one-year price move in Diamond, Gems & Jewellery at +185%. SJ Corporation Ltd leads on Mansfield relative strength against NIFTY at +175.1%. 15 of 23 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · 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
Coverage24/26 companies · 361 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₹11.4K Cr
5Thangamayil Jewellery Ltd THANGAMAYL₹9.6K Cr
Revenue growthfastest growers
1Uday Jewellery Industries Ltd 539518100%
2Rajesh Exports Ltd RAJESHEXPO84%
3Thangamayil Jewellery Ltd THANGAMAYL83%
4Shanti Gold International Ltd SHANTIGOLD⚠ unverified83%
5Sky Gold & Diamonds Ltd SKYGOLD77%
Revenue · company comparison
24/26 level · 23/26 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Rajesh Exports Ltd RAJESHEXPO₹2.4 L Cr19%Mar 2026
Titan Company Ltd TITAN₹26.9K Cr80%Mar 2026
Kalyan Jewellers India Ltd KALYANKJIL₹10.3K Cr66%Mar 2026
Thangamayil Jewellery Ltd THANGAMAYL₹2.7K Cr71%Jun 2026
P N Gadgil Jewellers Ltd PNGJL₹2.4K Cr41%Jun 2026
Senco Gold Ltd SENCO₹2.0K Cr45%Mar 2026
Sky Gold & Diamonds Ltd SKYGOLD₹1.9K Cr81%Mar 2026
Vaibhav Global Ltd VAIBHAVGBL₹935 Cr10%Mar 2026
PC Jeweller Ltd PCJEWELLER₹927 Cr33%Mar 2026
D.P. Abhushan Ltd DPABHUSHAN₹854 Cr58%Jun 2026
Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified₹830 Cr57%Mar 2026
Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified₹754 Cr7.0%Mar 2026
Asian Star Company Ltd ASTAR⚠ unverified₹746 Cr-13%Mar 2026
Bluestone Jewellery & Lifestyle Ltd BLUESTONE₹737 Cr50%Jun 2026
Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified₹726 Cr107%Mar 2026
Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified₹679 Cr88%Mar 2026
Shanti Gold International Ltd SHANTIGOLD⚠ unverified₹659 Cr122%Mar 2026
Khazanchi Jewellers Ltd 543953₹508 Cr-18%Mar 2026
Uday Jewellery Industries Ltd 539518₹226 Cr113%Mar 2026
Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified₹193 Cr24%Mar 2026
RBZ Jewellers Ltd RBZJEWEL₹189 Cr38%Mar 2026
Motisons Jewellers Ltd MOTISONS⚠ unverified₹137 Cr16%Mar 2026
PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified₹118 Cr119%Jun 2026
Golkunda Diamonds & Jewellery Ltd 523676₹63 Cr-15%Dec 2025
PNGS Gargi Fashion Jewellery Ltd 543709₹30 Cr11%Jun 2026
SJ Corporation Ltd 504398₹8 Cr1.9%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
₹2.4K 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
₹2.7K 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%
41%

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%
71%

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%
—
07 · compare level, then change

Operating Economics & Margin Trend

PNGS Reva Diamond Jewellery Limited has the highest OPM among the 26 Diamond, Gems & Jewellery companies compared here, at 29%. PNGS Gargi Fashion Jewellery Ltd is next at 19.8%. The same company also holds the highest Margin change, at +7 percentage points. 26 of 26 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: PNGS Reva Diamond Jewellery Limited leads both opm at 29% and margin change at +7 percentage points.

LeaderPNGS Reva Diamond Jewellery Limited · 29%
Gap46.5% versus #2 · PNGS Gargi Fashion Jewellery Ltd
Persistence2/3 recent comparable periods
Coverage26/26 companies · 407 observations

Investor read: PNGS Reva Diamond Jewellery Limited 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 Reva Diamond Jewellery Limited PNGSREVA⚠ unverified29%
2PNGS Gargi Fashion Jewellery Ltd 54370920%
3PC Jeweller Ltd PCJEWELLER18%
4Bluestone Jewellery & Lifestyle Ltd BLUESTONE15%
5Senco Gold Ltd SENCO14%
Margin changefastest expanders
1PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified+7.0 pp
2Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified+7.0 pp
3Senco Gold Ltd SENCO+5.0 pp
4Khazanchi Jewellers Ltd 543953+3.9 pp
5Bluestone Jewellery & Lifestyle Ltd BLUESTONE+3.4 pp
Operating margin · company comparison
26/26 level · 26/26 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified29%+7.0 ppJun 2026
PNGS Gargi Fashion Jewellery Ltd 54370920%−3.5 ppJun 2026
PC Jeweller Ltd PCJEWELLER18%−3.0 ppMar 2026
Bluestone Jewellery & Lifestyle Ltd BLUESTONE15%+3.4 ppJun 2026
Senco Gold Ltd SENCO14%+5.0 ppMar 2026
Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified14%+7.0 ppMar 2026
RBZ Jewellers Ltd RBZJEWEL11%0.0 ppMar 2026
D.P. Abhushan Ltd DPABHUSHAN11%+0.7 ppJun 2026
Shanti Gold International Ltd SHANTIGOLD⚠ unverified10%+3.0 ppMar 2026
Golkunda Diamonds & Jewellery Ltd 5236769.7%−0.8 ppDec 2025
Vaibhav Global Ltd VAIBHAVGBL9.0%+2.0 ppMar 2026
P N Gadgil Jewellers Ltd PNGJL8.0%+2.0 ppJun 2026
Uday Jewellery Industries Ltd 5395187.0%+3.0 ppMar 2026
Khazanchi Jewellers Ltd 5439537.0%+3.9 ppMar 2026
Titan Company Ltd TITAN7.0%−3.0 ppMar 2026
Kalyan Jewellers India Ltd KALYANKJIL7.0%+1.0 ppMar 2026
Sky Gold & Diamonds Ltd SKYGOLD7.0%+1.0 ppMar 2026
Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified7.0%0.0 ppMar 2026
Motisons Jewellers Ltd MOTISONS⚠ unverified6.1%−9.4 ppMar 2026
Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified6.0%−1.0 ppMar 2026
Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified5.7%−6.7 ppMar 2026
Thangamayil Jewellery Ltd THANGAMAYL5.0%−1.0 ppJun 2026
Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified5.0%−1.0 ppMar 2026
Asian Star Company Ltd ASTAR⚠ unverified0.8%+0.2 ppMar 2026
Rajesh Exports Ltd RAJESHEXPO-0.1%−0.1 ppMar 2026
SJ Corporation Ltd 504398-4.8%−5.2 ppMar 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

—
—
—
—
—
—
—
3.5%
3.3%
4.7%
6.0%
3.9%
2.7%
5.0%
6.0%
6.0%
4.9%
7.0%
3.8%
8.0%

PC Jeweller Ltd · PCJEWELLER

7.1%
5.9%
-101%
15%
16%
4.0%
-12%
-64%
-12%
-182%
-3.3%
13%
17%
18%
21%
18%
22%
23%
18%
—

Rajesh Exports Ltd · RAJESHEXPO

0.8%
0.5%
0.2%
0.6%
3.0%
0.0%
0.3%
0.4%
0.1%
0.0%
-0.2%
0.1%
0.1%
0.1%
0.0%
0.0%
0.1%
0.1%
-0.1%
—

Senco Gold Ltd · SENCO

—
—
—
5.5%
4.0%
12%
8.0%
5.0%
3.4%
11%
8.0%
8.0%
3.5%
3.9%
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%
4.3%
5.0%
3.9%
3.9%
4.9%
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%
2.5%
6.0%
5.0%
7.0%
-0.6%
7.0%
4.2%
6.0%
6.0%
7.0%
8.0%
5.0%

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

—
—
—
—
—
—
—
—
—
—
—
+0.4 pp
−0.6 pp
+0.3 pp
0.0 pp
+2.1 pp
+2.2 pp
+2.0 pp
−2.2 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
+8.7 pp
+77.0 pp
+29.0 pp
+200.0 pp
+24.3 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
+0.1 pp
−0.2 pp
−2.9 pp
0.0 pp
−0.5 pp
−0.3 pp
0.0 pp
+0.1 pp
+0.2 pp
−0.1 pp
0.0 pp
0.0 pp
−0.1 pp
—

Senco Gold Ltd · SENCO

—
—
—
—
—
—
—
−0.5 pp
−0.6 pp
−1.0 pp
0.0 pp
+3.0 pp
+0.1 pp
−7.1 pp
+1.0 pp
+2.0 pp
+3.5 pp
+9.1 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
−0.0 pp
+2.4 pp
+2.9 pp
−1.1 pp
+0.6 pp
0.0 pp
+1.1 pp
+2.1 pp
+1.1 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
−1.4 pp
+2.0 pp
−3.0 pp
−3.0 pp
−3.1 pp
+1.0 pp
−0.8 pp
−1.0 pp
+6.6 pp
0.0 pp
+3.8 pp
−1.0 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
—
08 · 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
Coverage24/26 companies · 361 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₹445 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
24/26 level · 21/26 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Titan Company Ltd TITAN₹1.2K Cr35%Mar 2026
Kalyan Jewellers India Ltd KALYANKJIL₹410 Cr118%Mar 2026
Senco Gold Ltd SENCO₹157 Cr153%Mar 2026
PC Jeweller Ltd PCJEWELLER₹153 Cr61%Mar 2026
P N Gadgil Jewellers Ltd PNGJL₹105 Cr52%Jun 2026
Sky Gold & Diamonds Ltd SKYGOLD₹91 Cr139%Mar 2026
Vaibhav Global Ltd VAIBHAVGBL₹91 Cr168%Mar 2026
Thangamayil Jewellery Ltd THANGAMAYL₹85 Cr85%Jun 2026
Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified₹68 Cr656%Mar 2026
D.P. Abhushan Ltd DPABHUSHAN₹64 Cr78%Jun 2026
Shanti Gold International Ltd SHANTIGOLD⚠ unverified₹52 Cr478%Mar 2026
Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified₹34 Cr127%Mar 2026
Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified₹30 Cr100%Mar 2026
Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified₹28 Cr3.7%Mar 2026
PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified₹27 Cr286%Jun 2026
Khazanchi Jewellers Ltd 543953₹26 Cr100%Mar 2026
RBZ Jewellers Ltd RBZJEWEL₹12 Cr33%Mar 2026
Uday Jewellery Industries Ltd 539518₹11 Cr450%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-4.9%Jun 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
₹105 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
₹85 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%
52%

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%
85%

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%
—
09 · 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 · 249 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
All-company data · latest reported quarter
CompanyROCEROCE changeReported
D.P. Abhushan Ltd DPABHUSHAN46%+7.2 ppJun 2026
Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified45%+17.4 ppMar 2026
Shanti Gold International Ltd SHANTIGOLD⚠ unverified37%−7.2 ppMar 2026
Titan Company Ltd TITAN36%+2.6 ppMar 2026
Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified35%+15.0 ppMar 2026
Thangamayil Jewellery Ltd THANGAMAYL34%+17.8 ppJun 2026
Sky Gold & Diamonds Ltd SKYGOLD33%+7.3 ppMar 2026
Senco Gold Ltd SENCO31%+17.4 ppMar 2026
P N Gadgil Jewellers Ltd PNGJL26%+7.4 ppJun 2026
Kalyan Jewellers India Ltd KALYANKJIL25%+6.6 ppMar 2026
Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified25%−1.2 ppMar 2026
Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified23%−21.1 ppMar 2026
Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified20%−0.4 ppMar 2026
PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified18%+8.4 ppJun 2026
Motisons Jewellers Ltd MOTISONS⚠ unverified17%+1.0 ppMar 2026
Vaibhav Global Ltd VAIBHAVGBL13%+0.4 ppMar 2026
Bluestone Jewellery & Lifestyle Ltd BLUESTONE11%+10.2 ppJun 2026
PC Jeweller Ltd PCJEWELLER6.9%+0.9 ppMar 2026
Asian Star Company Ltd ASTAR⚠ unverified3.1%−1.1 ppMar 2026
Rajesh Exports Ltd RAJESHEXPO1.7%+0.4 ppMar 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
—
10 · compare level, then change

Valuation Against Growth & Quality

PC Jeweller Ltd has the lowest 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 7.08×, 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 PEG at 0.26×, 21.2% below Vaibhav Global Ltd. Only 10 of 26 companies have earnings and growth steady enough for the ratio to mean anything, 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
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⚠ unverified7.1
2Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified9.1
3RBZ Jewellers Ltd RBZJEWEL10.9
4Shanti Gold International Ltd SHANTIGOLD⚠ unverified11.2
5Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified11.3
Valuation · company comparison
10/26 level · 25/26 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Kalyan Jewellers India Ltd KALYANKJIL2.234.6Mar 2026
D.P. Abhushan Ltd DPABHUSHAN1.952.4Jun 2026
P N Gadgil Jewellers Ltd PNGJL1.817.5Jun 2026
Rajesh Exports Ltd RAJESHEXPO1.714.9Mar 2026
Sky Gold & Diamonds Ltd SKYGOLD1.721.8Mar 2026
Titan Company Ltd TITAN1.472.4Mar 2026
Senco Gold Ltd SENCO1.49.7Mar 2026
Thangamayil Jewellery Ltd THANGAMAYL0.849.2Jun 2026
Vaibhav Global Ltd VAIBHAVGBL0.314.8Mar 2026
PC Jeweller Ltd PCJEWELLER0.38.5Mar 2026
Golkunda Diamonds & Jewellery Ltd 523676—10.3Dec 2025
Uday Jewellery Industries Ltd 539518—12.4Mar 2026
PNGS Gargi Fashion Jewellery Ltd 543709—27.2Jun 2026
Khazanchi Jewellers Ltd 543953—20.4Mar 2026
Bluestone Jewellery & Lifestyle Ltd BLUESTONE—147.7Jun 2026
Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified—14.4Mar 2026
Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified—5.5Mar 2026
Motisons Jewellers Ltd MOTISONS⚠ unverified—16.7Mar 2026
Shanti Gold International Ltd SHANTIGOLD⚠ unverified—8.8Mar 2026
PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified—19.3Jun 2026
Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified—10.3Mar 2026
Asian Star Company Ltd ASTAR⚠ unverified—26.9Mar 2026
Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified—8.1Mar 2026
Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified—5.9Mar 2026
RBZ Jewellers Ltd RBZJEWEL—8.5Mar 2026
Full 20-quarter history · every available company

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
17.5

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
49.2

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
—
11 · 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.
12 · 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 2026-07-31. 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 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG 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.
How a second data feed is admitted, and what happens when it disagrees

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.

13 · questions investors ask, short speakable answers

Diamond, Gems & Jewellery company comparison FAQs

These 24 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 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Diamond, Gems & Jewellery sector outperforming NIFTY 500?

Diamond, Gems & Jewellery has outperformed NIFTY 500 by 23.7% over 52 weeks and 19.8% over 13 weeks. 15 of 23 covered companies beat NIFTY on Mansfield relative strength, while 7 of 22 beat the sector itself.

Which Diamond, Gems & Jewellery company is largest by revenue?

Rajesh Exports Ltd leads with revenue of ₹7,78,716 crore, based on 24 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 77.9/100 with 82.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Diamond, Gems & Jewellery company has the lowest comparable PEG?

PC Jeweller Ltd has the lowest comparable PEG at 0.26, among 10 of 26 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Diamond, Gems & Jewellery comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

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 Khazanchi Jewellers 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 24 of 26 companies with comparable reporting through Mar 2026.

Which Diamond, Gems & Jewellery company has the best profit margins?

PNGS Reva Diamond Jewellery Limited has the highest operating margin at 29%, from 26 of 26 comparable companies. PNGS Reva Diamond Jewellery Limited shows the biggest recent improvement, at +7 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 24 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 PEG — where a LOWER number is cheaper — PC Jeweller Ltd screens cheapest at 0.26×. Only 10 of 26 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Diamond, Gems & Jewellery sector beating the market?

Diamond, Gems & Jewellery has outperformed NIFTY 500 by 23.7% over the last 52 weeks and 19.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 15 of 23 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

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 77.9 out of 100 with 82.8% evidence confidence, from 28 points on growth and earnings, 17.6 on capital efficiency, 13.9 on valuation and 18.4 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, 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 ₹5,86,305 crore of combined market value. Titan Company Ltd is the largest at ₹4,32,814 crore, about 74% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

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 20×, 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 2026-08-05.

How is the Diamond, Gems & Jewellery sector performing?

15 of the 23 covered Diamond, Gems & Jewellery companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 23.7% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

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.

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