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.
The 26 Jewellery companies listed in India are Titan Company Ltd (₹4.4 L Cr, the largest), Kalyan Jewellers India Ltd, Thangamayil Jewellery Ltd and 23 more. 20 of 25 covered companies beat NIFTY 500 on relative strength. Readings are as of 17 Sep 2026.
Top 10 Jewellery Stocks in India (Sep 2026) — ranked by 4-Factor score
- 1Tribhovandas Bhimji Zaveri Ltd₹3.5K Cr73.1/100Favorable setup · strongest on relative strength versus sector and ROCE improvement
- 2Khazanchi Jewellers Ltd₹1.9K Cr70.1/100Favorable setup · strongest on ROCE and profit growth
- 3Sky Gold & Diamonds Ltd₹12.8K Cr68.5/100Favorable setup · strongest on ROCE and relative strength versus sector
- 4D.P. Abhushan Ltd₹3.1K Cr68.3/100Favorable setup · strongest on ROCE and PEG
- 5Utssav CZ Gold Jewels Ltd₹1.3K Cr64.7/100Thin evidence · provisional · strongest on ROCE and ROCE improvement
- 6Thangamayil Jewellery Ltd₹15.9K Cr60.4/100Mixed-positive evidence · strongest on ROCE improvement and ROCE
- 7PC Jeweller Ltd₹13.4K Cr59.3/100Mixed-positive evidence · strongest on PEG and margin improvement
- 8RBZ Jewellers Ltd₹697 Cr58.3/100Mixed-positive evidence · strongest on ROCE and own-history P/E
- 9Senco Gold Ltd₹5.7K Cr56.8/100Mixed-positive evidence · strongest on ROCE improvement and profit growth
- 10Uday Jewellery Industries Ltd₹491 Cr56.7/100Mixed-positive evidence · strongest on profit growth and revenue growth
Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 11 Sep 2026. Not investment advice.
Nifty Diamond, Gems & Jewellery Index — Constituents & Performance
The largest 15 of 26 listed Indian Diamond, Gems & Jewellery companies are named here; all 26 are ranked in the scorecard — the constituent set people search for as the Nifty Diamond, Gems & Jewellery index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.
- Titan Company Ltd₹4.4 L Cr
- Kalyan Jewellers India Ltd₹62.1K Cr
- Thangamayil Jewellery Ltd₹15.9K Cr
- Bluestone Jewellery & Lifestyle Ltd₹13.6K Cr
- PC Jeweller Ltd₹13.4K Cr
- Sky Gold & Diamonds Ltd₹12.8K Cr
- P N Gadgil Jewellers Ltd₹9.0K Cr
- Senco Gold Ltd₹5.7K Cr
- Vaibhav Global Ltd₹3.6K Cr
- Tribhovandas Bhimji Zaveri Ltd₹3.5K Cr
- D.P. Abhushan Ltd₹3.1K Cr
- Rajesh Exports Ltd₹2.3K Cr
- Shringar House of Mangalsutra Ltd₹2.1K Cr
- Shanti Gold International Ltd₹2.0K Cr
- Khazanchi Jewellers Ltd₹1.9K Cr
The remaining 11 Diamond, Gems & Jewellery companies are named and ranked in the scorecard.
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 18% ahead of NIFTY 500. Earnings across its companies grew 55% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 15 weeks running.
RS ↑15w · 19/23 >200d (+1) · 18/24 lead (+2) · EPS 19/22↑
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 24 of its 26 companies — the 2 with too short a price record are ranked in the scorecard but cannot sit in this line. 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.
Is Diamond, Gems & Jewellery outperforming NIFTY 500?
Diamond, Gems & Jewellery has outperformed NIFTY 500 by 40.9% over the last 52 weeks. Over 13 weeks the gap is a lead of 35.4%. 20 of 25 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Tribhovandas Bhimji Zaveri Ltd is the strongest against the sector itself at +115.4%.
Sector metric: 52.2 as of 2026-08-22 · LEADERS · 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 40.9% over 52 weeks and 35.4% over 13 weeks. 20 of 25 covered companies beat NIFTY on Mansfield relative strength, while 6 of 23 beat the sector itself. Rajesh Exports Ltd leads with revenue of ₹8,87,510 crore, based on 24 of 26 comparable companies through Jun 2026.
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.
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.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Tribhovandas Bhimji Zaveri LtdTBZ | 73.1/100Favorable setup87% evidence | LEADER | 25.6/35 Revenue 29.1% · PAT 100% · OPM change 0 pp 95% evidence | 14.8/25 ROCE 21.9% · OPM 9% 95% evidence | 12.7/20 P/E 16.4× · PEG — 50% evidence | 20.0/20 RS sector 115.4% · RS bench 178.1% · 1Y 186.8%12 of 12 weeks ahead 100% evidence |
| Exact sum: 25.6 + 14.8 + 12.7 + 20 = 73.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Khazanchi Jewellers Ltd543953 | 70.1/100Favorable setup76% evidence | BREAKING OUT | 26.9/35 Revenue 24.4% · PAT 100% · OPM change 2 pp 95% evidence | 17.5/25 ROCE 34.8% · OPM 7% 76% evidence | 11.7/20 P/E 18.3× · PEG — 50% evidence | 14.0/20 RS sector 13.2% · RS bench 9.9% · 1Y 27.3%7 of 10 weeks ahead 70% evidence |
| Exact sum: 26.9 + 17.5 + 11.7 + 14 = 70.1 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 3Sky Gold & Diamonds LtdSKYGOLD | 68.5/100Favorable setup100% evidence | LEADER | 28.2/35 Revenue 81.4% · PAT 100% · OPM change 2 pp 100% evidence | 15.7/25 ROCE 27% · OPM 8% 100% evidence | 7.1/20 P/E 38.2× · PEG 1.71 100% evidence | 17.5/20 RS sector 45.6% · RS bench 88% · 1Y 196.6%12 of 12 weeks ahead 100% evidence |
| Exact sum: 28.2 + 15.7 + 7.1 + 17.5 = 68.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4D.P. Abhushan LtdDPABHUSHAN | 68.3/100Favorable setup100% evidence | BREAKING OUT | 25.3/35 Revenue 30.8% · PAT 94.3% · OPM change 1 pp 100% evidence | 18.2/25 ROCE 39.6% · OPM 11% 100% evidence | 15.0/20 P/E 12.8× · PEG 0.68 100% evidence | 9.8/20 RS sector -18.8% · RS bench 7.9% · 1Y -15%9 of 12 weeks ahead 100% evidence |
| Exact sum: 25.3 + 18.2 + 15 + 9.8 = 68.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Utssav CZ Gold Jewels LtdUTSSAV | 64.7/100Thin evidence · provisional56% evidence | LEADER | 19.7/35 Revenue — · PAT — · OPM change 0 pp 26% evidence | 18.1/25 ROCE 28.8% · OPM 7% 95% evidence | 9.5/20 P/E 21.7× · PEG — 15% evidence | 17.4/20 RS sector 43.3% · RS bench 84.4% · 1Y 183.4%12 of 12 weeks ahead 100% evidence |
| Exact sum: 19.7 + 18.1 + 9.5 + 17.4 = 64.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 6Thangamayil Jewellery LtdTHANGAMAYL | 60.4/100Mixed-positive evidence100% evidence | FADING | 26.9/35 Revenue 83.2% · PAT 100% · OPM change -1 pp 100% evidence | 14.0/25 ROCE 25.5% · OPM 5% 100% evidence | 10.1/20 P/E 40.6× · PEG 0.77 100% evidence | 9.4/20 RS sector -0.1% · RS bench 30.2% · 1Y 133.4%10 of 12 weeks ahead 100% evidence |
| Exact sum: 26.9 + 14 + 10.1 + 9.4 = 60.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7PC Jeweller LtdPCJEWELLER | 59.3/100Mixed-positive evidence100% evidence | BREAKING OUT | 20.1/35 Revenue 36.5% · PAT 32.7% · OPM change 10 pp 100% evidence | 6.8/25 ROCE 9.6% · OPM 28% 100% evidence | 15.8/20 P/E 17.2× · PEG 0.26 100% evidence | 16.6/20 RS sector 2.4% · RS bench 36.2% · 1Y 3.4%7 of 12 weeks ahead 100% evidence |
| Exact sum: 20.1 + 6.8 + 15.8 + 16.6 = 59.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8RBZ Jewellers LtdRBZJEWEL | 58.3/100Mixed-positive evidence87% evidence | BREAKING OUT | 17.5/35 Revenue 30.3% · PAT 54% · OPM change -2.3 pp 95% evidence | 16.7/25 ROCE 22% · OPM 14.8% 95% evidence | 13.7/20 P/E 12.3× · PEG — 50% evidence | 10.4/20 RS sector -4.8% · RS bench 26% · 1Y 26.8%9 of 12 weeks ahead 100% evidence |
| Exact sum: 17.5 + 16.7 + 13.7 + 10.4 = 58.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9Senco Gold LtdSENCO | 56.8/100Mixed-positive evidence100% evidence | TURNING | 24.8/35 Revenue 43.1% · PAT 100% · OPM change -3 pp 100% evidence | 12.4/25 ROCE 21.2% · OPM 7% 100% evidence | 15.1/20 P/E 9.9× · PEG 1.35 100% evidence | 4.5/20 RS sector -20.6% · RS bench 5.3% · 1Y -10%5 of 12 weeks ahead 100% evidence |
| Exact sum: 24.8 + 12.4 + 15.1 + 4.5 = 56.8 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -20.6% and the one-year return is -10%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 10Uday Jewellery Industries Ltd539518 | 56.7/100Mixed-positive evidence78% evidence | 27.2/35 Revenue 100% · PAT 100% · OPM change 3 pp 83% evidence | 14.2/25 ROCE 22.4% · OPM 7% 76% evidence | 12.0/20 P/E 13.7× · PEG — 50% evidence | 3.3/20 RS sector -18.9% · RS bench -3.8% · 1Y -13.9%3 of 4 weeks ahead to 2026-07-19 100% evidence | |
| Exact sum: 27.2 + 14.2 + 12 + 3.3 = 56.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -18.9% and the one-year return is -13.9%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 11Titan Company LtdTITAN | 56.0/100Mixed-positive evidence100% evidence | BREAKING OUT | 26.9/35 Revenue 45% · PAT 55.1% · OPM change 3 pp 100% evidence | 13.2/25 ROCE 20.5% · OPM 14% 100% evidence | 8.3/20 P/E 76.2× · PEG 1.43 100% evidence | 7.6/20 RS sector -9.2% · RS bench 20.1% · 1Y 36.6%6 of 12 weeks ahead 100% evidence |
| Exact sum: 26.9 + 13.2 + 8.3 + 7.6 = 56 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Shanti Gold International LtdSHANTIGOLD | 55.0/100Mixed-positive evidence74% evidence | BREAKING OUT | 17.8/35 Revenue 100% · PAT 100% · OPM change -8 pp 95% evidence | 16.5/25 ROCE 37% · OPM 10% 95% evidence | 10.9/20 P/E 12.7× · PEG — 15% evidence | 9.8/20 RS sector -7.1% · RS bench 23% · 1Y 12.1%10 of 12 weeks ahead 70% evidence |
| Exact sum: 17.8 + 16.5 + 10.9 + 9.8 = 55 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Kalyan Jewellers India LtdKALYANKJIL | 54.9/100Mixed-positive evidence100% evidence | BREAKING OUT | 22.4/35 Revenue 45.8% · PAT 79.3% · OPM change -1 pp 100% evidence | 12.0/25 ROCE 21.2% · OPM 6% 100% evidence | 4.9/20 P/E 42.4× · PEG 2.19 100% evidence | 15.6/20 RS sector 0% · RS bench 31.7% · 1Y 19.8%9 of 12 weeks ahead 100% evidence |
| Exact sum: 22.4 + 12 + 4.9 + 15.6 = 54.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14Vaibhav Global LtdVAIBHAVGBL | 52.0/100Mixed-positive evidence100% evidence | ASLEEP | 19.3/35 Revenue 10.4% · PAT 73.8% · OPM change 3 pp 100% evidence | 12.8/25 ROCE 16.4% · OPM 11% 100% evidence | 18.7/20 P/E 12.5× · PEG 0.33 100% evidence | 1.2/20 RS sector -29.8% · RS bench -6.7% · 1Y -1.8%6 of 12 weeks ahead 100% evidence |
| Exact sum: 19.3 + 12.8 + 18.7 + 1.2 = 52 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15Radhika Jeweltech LtdRADHIKAJWE | 51.5/100Mixed-positive evidence87% evidence | BREAKING OUT | 11.2/35 Revenue 16.9% · PAT 27% · OPM change -6 pp 95% evidence | 18.2/25 ROCE 25.1% · OPM 20% 95% evidence | 10.8/20 P/E 12.4× · PEG — 50% evidence | 11.3/20 RS sector -10.1% · RS bench 19.8% · 1Y -11.5%6 of 12 weeks ahead 100% evidence |
| Exact sum: 11.2 + 18.2 + 10.8 + 11.3 = 51.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16Golkunda Diamonds & Jewellery Ltd523676 | 51.5/100Thin evidence · provisional57% evidence | 13.6/35 Revenue 1.3% · PAT -12.4% · OPM change -0.8 pp 53% evidence | 13.2/25 ROCE 19.9% · OPM 9.7% 57% evidence | 8.6/20 P/E 16× · PEG — 50% evidence | 16.1/20 RS sector 61.7% · RS bench 52.8% · 1Y 63.4%9 of 12 weeks ahead to 2026-03-29 70% evidence | |
| Exact sum: 13.6 + 13.2 + 8.6 + 16.1 = 51.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 17P N Gadgil Jewellers LtdPNGJL | 50.7/100Mixed-positive evidence93% evidence | BREAKING OUT | 26.0/35 Revenue 47.8% · PAT 76.6% · OPM change 2 pp 100% evidence | 12.2/25 ROCE 20.9% · OPM 8% 100% evidence | 7.9/20 P/E 20.1× · PEG 1.77 65% evidence | 4.6/20 RS sector -22.7% · RS bench 2.8% · 1Y 2.7%4 of 12 weeks ahead 100% evidence |
| Exact sum: 26 + 12.2 + 7.9 + 4.6 = 50.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -22.7% and the one-year return is 2.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 18Manoj Vaibhav Gems N Jewellers LtdMVGJL | 50.2/100Mixed-positive evidence87% evidence | TURNING | 13.5/35 Revenue 21.5% · PAT 22% · OPM change -1 pp 95% evidence | 11.2/25 ROCE 15.8% · OPM 6% 95% evidence | 15.0/20 P/E 8× · PEG — 50% evidence | 10.5/20 RS sector -12% · RS bench 17.3% · 1Y 0.1%2 of 12 weeks ahead 100% evidence |
| Exact sum: 13.5 + 11.2 + 15 + 10.5 = 50.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 19Bluestone Jewellery & Lifestyle LtdBLUESTONE | 48.8/100Thin evidence · provisional59% evidence | BREAKING OUT | 23.5/35 Revenue 40% · PAT 100% · OPM change 3.4 pp 74% evidence | 4.7/25 ROCE 6.8% · OPM 14.5% 100% evidence | 8.6/20 P/E 242× · PEG — 15% evidence | 12.0/20 RS sector — · RS bench 56.3% · 1Y 47.3%9 of 10 weeks ahead 25% evidence |
| Exact sum: 23.5 + 4.7 + 8.6 + 12 = 48.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 20Motisons Jewellers LtdMOTISONS | 48.3/100Mixed-negative evidence87% evidence | BREAKING OUT | 16.4/35 Revenue 10.7% · PAT 50% · OPM change 0 pp 95% evidence | 13.4/25 ROCE 17.9% · OPM 15% 95% evidence | 11.8/20 P/E 27.1× · PEG — 50% evidence | 6.7/20 RS sector -17.9% · RS bench 9.1% · 1Y -17.4%7 of 12 weeks ahead 100% evidence |
| Exact sum: 16.4 + 13.4 + 11.8 + 6.7 = 48.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 21Shringar House of Mangalsutra LtdSHRINGARMS | 46.5/100Mixed-negative evidence74% evidence | BREAKING OUT | 15.1/35 Revenue 65.1% · PAT 65.8% · OPM change -3 pp 95% evidence | 15.5/25 ROCE 26.8% · OPM 9% 95% evidence | 10.1/20 P/E 17.3× · PEG — 15% evidence | 5.8/20 RS sector -23% · RS bench 2.4% · 1Y 14.6%6 of 12 weeks ahead 70% evidence |
| Exact sum: 15.1 + 15.5 + 10.1 + 5.8 = 46.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 22PNGS Gargi Fashion Jewellery Ltd543709 | 46.1/100Mixed-negative evidence76% evidence | BASING | 7.9/35 Revenue 18.3% · PAT 8.7% · OPM change -3.5 pp 95% evidence | 19.9/25 ROCE 33.8% · OPM 19.8% 76% evidence | 10.6/20 P/E 20.3× · PEG — 50% evidence | 7.7/20 RS sector -2.3% · RS bench -29% · 1Y -30.4%0 of 10 weeks ahead 70% evidence |
| Exact sum: 7.9 + 19.9 + 10.6 + 7.7 = 46.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 23Rajesh Exports LtdRAJESHEXPO | 31.4/100Adverse evidence91% evidence | TURNING | 18.0/35 Revenue 79.5% · PAT 100% · OPM change 0 pp 74% evidence | 4.6/25 ROCE 1.9% · OPM 0% 100% evidence | 6.5/20 P/E 13.7× · PEG 1.74 100% evidence | 2.3/20 RS sector -56.8% · RS bench -41.5% · 1Y -56.7%0 of 12 weeks ahead 100% evidence |
| Exact sum: 18 + 4.6 + 6.5 + 2.3 = 31.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 24Asian Star Company LtdASTAR | 20.1/100Adverse evidence87% evidence | BASING | 5.7/35 Revenue -3.8% · PAT -23.3% · OPM change -0.9 pp 95% evidence | 7.1/25 ROCE 3.6% · OPM 2.1% 95% evidence | 6.1/20 P/E 28.2× · PEG — 50% evidence | 1.2/20 RS sector -31.2% · RS bench -7.9% · 1Y -20.1%0 of 12 weeks ahead 100% evidence |
| Exact sum: 5.7 + 7.1 + 6.1 + 1.2 = 20.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 25PNGS Reva Diamond Jewellery LimitedPNGSREVA | 59.2/100Thin evidence · provisional43% evidence | BREAKING OUT | 22.9/35 Revenue — · PAT — · OPM change 7 pp 45% evidence | 16.5/25 ROCE 22% · OPM 29% 95% evidence | 9.8/20 P/E 19.2× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —6 of 9 weeks ahead 0% evidence |
| Exact sum: 22.9 + 16.5 + 9.8 + 10 = 59.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 26SJ Corporation Ltd504398 | 46.0/100Thin evidence · provisional33% evidence | 19.1/35 Revenue — · PAT — · OPM change 16.7 pp 17% evidence | 6.0/25 ROCE 0.1% · OPM 10.7% 76% evidence | 8.5/20 P/E 807× · PEG — 15% evidence | 12.4/20 RS sector — · RS bench 135.6% · 1Y —4 of 4 weeks ahead 25% evidence | |
| Exact sum: 19.1 + 6 + 8.5 + 12.4 = 46 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Market action
Sky Gold & Diamonds Ltd has the strongest one-year price move in Diamond, Gems & Jewellery at +196.6%. Tribhovandas Bhimji Zaveri Ltd leads on Mansfield relative strength against NIFTY at +178.1%. 20 of 25 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-11.
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.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Diamond, Gems & Jewellery itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
Diamond, Gems & Jewellery — the story behind the numbers
This is the written read behind the Diamond, Gems & Jewellery figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 22 Aug 2026. It also states what would change this read.
How old this read is: This read comes from our fortnightly sector read dated 22 Aug 2026, so the words here and the numbers above them cover the same few weeks.
What would change this read
The mid-cycle formalisation call breaks if the gold price stops rising and volume does not step up to replace it.
Sources: our fortnightly Diamond, Gems & Jewellery read, 22 Aug 2026.
Revenue Scale & Growth Durability
Rajesh Exports Ltd has the highest Revenue among the 26 Diamond, Gems & Jewellery companies compared here, at ₹8,87,510 crore. Titan Company Ltd is next at ₹92,417 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 ₹8,87,510 crore, 860.3% 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.
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.
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.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Rajesh Exports Ltd RAJESHEXPO | ₹2.4 L Cr | 83% | Jun 2026 |
| Titan Company Ltd TITAN | ₹21.4K Cr | 29% | Jun 2026 |
| Kalyan Jewellers India Ltd KALYANKJIL | ₹10.6K Cr | 46% | Jun 2026 |
| Senco Gold Ltd SENCO | ₹3.1K Cr | 67% | Jun 2026 |
| Thangamayil Jewellery Ltd THANGAMAYL | ₹2.7K Cr | 71% | Jun 2026 |
| P N Gadgil Jewellers Ltd PNGJL | ₹2.4K Cr | 41% | Jun 2026 |
| Sky Gold & Diamonds Ltd SKYGOLD | ₹2.0K Cr | 78% | Jun 2026 |
| Vaibhav Global Ltd VAIBHAVGBL | ₹917 Cr | 13% | Jun 2026 |
| PC Jeweller Ltd PCJEWELLER | ₹877 Cr | 21% | Jun 2026 |
| D.P. Abhushan Ltd DPABHUSHAN | ₹852 Cr | 58% | Jun 2026 |
| Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified | ₹841 Cr | 35% | Jun 2026 |
| Bluestone Jewellery & Lifestyle Ltd BLUESTONE | ₹737 Cr | 50% | Jun 2026 |
| Shanti Gold International Ltd SHANTIGOLD⚠ unverified | ₹716 Cr | 144% | Jun 2026 |
| Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified | ₹714 Cr | 30% | Jun 2026 |
| Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified | ₹679 Cr | 88% | Mar 2026 |
| Asian Star Company Ltd ASTAR⚠ unverified | ₹638 Cr | -11% | Jun 2026 |
| Khazanchi Jewellers Ltd 543953 | ₹586 Cr | 45% | Jun 2026 |
| Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified | ₹548 Cr | 65% | Jun 2026 |
| Uday Jewellery Industries Ltd 539518 | ₹226 Cr | 113% | Mar 2026 |
| Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified | ₹153 Cr | 55% | Jun 2026 |
| RBZ Jewellers Ltd RBZJEWEL | ₹121 Cr | 60% | Jun 2026 |
| PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified | ₹118 Cr | 119% | Jun 2026 |
| Motisons Jewellers Ltd MOTISONS⚠ unverified | ₹107 Cr | 23% | Jun 2026 |
| Golkunda Diamonds & Jewellery Ltd 523676 | ₹63 Cr | -15% | Dec 2025 |
| SJ Corporation Ltd 504398 | ₹55 Cr | 832% | Jun 2026 |
| PNGS Gargi Fashion Jewellery Ltd 543709 | ₹30 Cr | 11% | Jun 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.
D.P. Abhushan Ltd · DPABHUSHAN
Kalyan Jewellers India Ltd · KALYANKJIL
P N Gadgil Jewellers Ltd · PNGJL
PC Jeweller Ltd · PCJEWELLER
Rajesh Exports Ltd · RAJESHEXPO
Senco Gold Ltd · SENCO
Sky Gold & Diamonds Ltd · SKYGOLD
Thangamayil Jewellery Ltd · THANGAMAYL
Titan Company Ltd · TITAN
Tribhovandas Bhimji Zaveri Ltd · TBZ⚠ unverified
Vaibhav Global Ltd · VAIBHAVGBL
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
D.P. Abhushan Ltd · DPABHUSHAN
Kalyan Jewellers India Ltd · KALYANKJIL
P N Gadgil Jewellers Ltd · PNGJL
PC Jeweller Ltd · PCJEWELLER
Rajesh Exports Ltd · RAJESHEXPO
Senco Gold Ltd · SENCO
Sky Gold & Diamonds Ltd · SKYGOLD
Thangamayil Jewellery Ltd · THANGAMAYL
Titan Company Ltd · TITAN
Tribhovandas Bhimji Zaveri Ltd · TBZ⚠ unverified
Vaibhav Global Ltd · VAIBHAVGBL
Operating Economics & Margin Trend
PNGS Reva Diamond Jewellery Limited has the highest OPM among the 26 Diamond, Gems & Jewellery companies compared here, at 29%. PC Jeweller Ltd is next at 28%. SJ Corporation Ltd has the highest Margin change at +16.7 percentage points, so level and change sit with different companies. Its OPM series carries 7 reported observations across the 20-quarter window.
What the numbers say: PNGS Reva Diamond Jewellery Limited leads opm at 29%; SJ Corporation Ltd leads margin change at +16.7 percentage points.
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.
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified | 29% | +7.0 pp | Jun 2026 |
| PC Jeweller Ltd PCJEWELLER | 28% | +10.0 pp | Jun 2026 |
| Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified | 20% | −6.0 pp | Jun 2026 |
| PNGS Gargi Fashion Jewellery Ltd 543709 | 20% | −3.5 pp | Jun 2026 |
| Motisons Jewellers Ltd MOTISONS⚠ unverified | 15% | 0.0 pp | Jun 2026 |
| RBZ Jewellers Ltd RBZJEWEL | 15% | −2.3 pp | Jun 2026 |
| Bluestone Jewellery & Lifestyle Ltd BLUESTONE | 15% | +3.4 pp | Jun 2026 |
| Titan Company Ltd TITAN | 14% | +3.0 pp | Jun 2026 |
| Vaibhav Global Ltd VAIBHAVGBL | 11% | +3.0 pp | Jun 2026 |
| D.P. Abhushan Ltd DPABHUSHAN | 11% | +1.0 pp | Jun 2026 |
| SJ Corporation Ltd 504398 | 11% | +16.7 pp | Jun 2026 |
| Shanti Gold International Ltd SHANTIGOLD⚠ unverified | 10% | −8.0 pp | Jun 2026 |
| Golkunda Diamonds & Jewellery Ltd 523676 | 9.7% | −0.8 pp | Dec 2025 |
| Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified | 9.0% | 0.0 pp | Jun 2026 |
| Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified | 9.0% | −3.0 pp | Jun 2026 |
| Sky Gold & Diamonds Ltd SKYGOLD | 8.0% | +2.0 pp | Jun 2026 |
| P N Gadgil Jewellers Ltd PNGJL | 8.0% | +2.0 pp | Jun 2026 |
| Uday Jewellery Industries Ltd 539518 | 7.0% | +3.0 pp | Mar 2026 |
| Khazanchi Jewellers Ltd 543953 | 7.0% | +2.0 pp | Jun 2026 |
| Senco Gold Ltd SENCO | 7.0% | −3.0 pp | Jun 2026 |
| Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified | 7.0% | 0.0 pp | Mar 2026 |
| Kalyan Jewellers India Ltd KALYANKJIL | 6.0% | −1.0 pp | Jun 2026 |
| Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified | 6.0% | −1.0 pp | Jun 2026 |
| Thangamayil Jewellery Ltd THANGAMAYL | 5.0% | −1.0 pp | Jun 2026 |
| Asian Star Company Ltd ASTAR⚠ unverified | 2.1% | −0.9 pp | Jun 2026 |
| Rajesh Exports Ltd RAJESHEXPO | 0.0% | 0.0 pp | Jun 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
D.P. Abhushan Ltd · DPABHUSHAN
Kalyan Jewellers India Ltd · KALYANKJIL
P N Gadgil Jewellers Ltd · PNGJL
PC Jeweller Ltd · PCJEWELLER
Rajesh Exports Ltd · RAJESHEXPO
Senco Gold Ltd · SENCO
Sky Gold & Diamonds Ltd · SKYGOLD
Thangamayil Jewellery Ltd · THANGAMAYL
Titan Company Ltd · TITAN
Tribhovandas Bhimji Zaveri Ltd · TBZ⚠ unverified
Vaibhav Global Ltd · VAIBHAVGBL
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
D.P. Abhushan Ltd · DPABHUSHAN
Kalyan Jewellers India Ltd · KALYANKJIL
P N Gadgil Jewellers Ltd · PNGJL
PC Jeweller Ltd · PCJEWELLER
Rajesh Exports Ltd · RAJESHEXPO
Senco Gold Ltd · SENCO
Sky Gold & Diamonds Ltd · SKYGOLD
Thangamayil Jewellery Ltd · THANGAMAYL
Titan Company Ltd · TITAN
Tribhovandas Bhimji Zaveri Ltd · TBZ⚠ unverified
Vaibhav Global Ltd · VAIBHAVGBL
Profit Scale & Acceleration
Titan Company Ltd has the highest Net profit among the 26 Diamond, Gems & Jewellery companies compared here, at ₹5,760 crore. Kalyan Jewellers India Ltd is next at ₹1,436 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 ₹5,760 crore of TTM profit, 301.1% 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.
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.
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Titan Company Ltd TITAN | ₹1.8K Cr | 63% | Jun 2026 |
| Kalyan Jewellers India Ltd KALYANKJIL | ₹349 Cr | 32% | Jun 2026 |
| PC Jeweller Ltd PCJEWELLER | ₹222 Cr | 37% | Jun 2026 |
| Sky Gold & Diamonds Ltd SKYGOLD | ₹105 Cr | 139% | Jun 2026 |
| P N Gadgil Jewellers Ltd PNGJL | ₹105 Cr | 52% | Jun 2026 |
| Senco Gold Ltd SENCO | ₹101 Cr | -3.8% | Jun 2026 |
| Thangamayil Jewellery Ltd THANGAMAYL | ₹85 Cr | 85% | Jun 2026 |
| D.P. Abhushan Ltd DPABHUSHAN | ₹64 Cr | 78% | Jun 2026 |
| Vaibhav Global Ltd VAIBHAVGBL | ₹56 Cr | 47% | Jun 2026 |
| Shanti Gold International Ltd SHANTIGOLD⚠ unverified | ₹50 Cr | 47% | Jun 2026 |
| Rajesh Exports Ltd RAJESHEXPO | ₹47 Cr | -2,800% | Jun 2026 |
| Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified | ₹34 Cr | 55% | Jun 2026 |
| Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified | ₹34 Cr | 17% | Jun 2026 |
| Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified | ₹30 Cr | 100% | Mar 2026 |
| Khazanchi Jewellers Ltd 543953 | ₹28 Cr | 87% | Jun 2026 |
| Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified | ₹28 Cr | 33% | Jun 2026 |
| PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified | ₹27 Cr | 286% | Jun 2026 |
| Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified | ₹23 Cr | 28% | Jun 2026 |
| Asian Star Company Ltd ASTAR⚠ unverified | ₹12 Cr | -37% | Jun 2026 |
| Uday Jewellery Industries Ltd 539518 | ₹11 Cr | 450% | Mar 2026 |
| Motisons Jewellers Ltd MOTISONS⚠ unverified | ₹11 Cr | 38% | Jun 2026 |
| RBZ Jewellers Ltd RBZJEWEL | ₹9 Cr | 28% | Jun 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 |
| SJ Corporation Ltd 504398 | ₹2 Cr | 413% | Jun 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
D.P. Abhushan Ltd · DPABHUSHAN
Kalyan Jewellers India Ltd · KALYANKJIL
P N Gadgil Jewellers Ltd · PNGJL
PC Jeweller Ltd · PCJEWELLER
Rajesh Exports Ltd · RAJESHEXPO
Senco Gold Ltd · SENCO
Sky Gold & Diamonds Ltd · SKYGOLD
Thangamayil Jewellery Ltd · THANGAMAYL
Titan Company Ltd · TITAN
Tribhovandas Bhimji Zaveri Ltd · TBZ⚠ unverified
Vaibhav Global Ltd · VAIBHAVGBL
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
Kalyan Jewellers India Ltd · KALYANKJIL
P N Gadgil Jewellers Ltd · PNGJL
PC Jeweller Ltd · PCJEWELLER
Rajesh Exports Ltd · RAJESHEXPO
Senco Gold Ltd · SENCO
Shringar House of Mangalsutra Ltd · SHRINGARMS⚠ unverified
Sky Gold & Diamonds Ltd · SKYGOLD
Thangamayil Jewellery Ltd · THANGAMAYL
Titan Company Ltd · TITAN
Tribhovandas Bhimji Zaveri Ltd · TBZ⚠ unverified
Vaibhav Global Ltd · VAIBHAVGBL
Return On Capital Employed
D.P. Abhushan Ltd has the highest ROCE among the 26 Diamond, Gems & Jewellery companies compared here, at 39.6%. Shanti Gold International Ltd is next at 37%. Thangamayil Jewellery Ltd has the highest ROCE change at +17.8 percentage points, so level and change sit with different companies. 26 of 26 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: D.P. Abhushan Ltd leads ROCE at 39.6%, 2.6 percentage points above Shanti Gold International 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.
Investor read: D.P. Abhushan 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.
All-company data · latest reported quarter
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| D.P. Abhushan Ltd DPABHUSHAN | 63% | +9.5 pp | Jun 2026 |
| Titan Company Ltd TITAN | 51% | +10.2 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 | Jun 2026 |
| Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified | 35% | +15.0 pp | Jun 2026 |
| Thangamayil Jewellery Ltd THANGAMAYL | 34% | +17.8 pp | Jun 2026 |
| Sky Gold & Diamonds Ltd SKYGOLD | 33% | +7.3 pp | Jun 2026 |
| Senco Gold Ltd SENCO | 31% | +17.4 pp | Jun 2026 |
| P N Gadgil Jewellers Ltd PNGJL | 26% | +7.4 pp | Jun 2026 |
| Kalyan Jewellers India Ltd KALYANKJIL | 25% | +6.6 pp | Jun 2026 |
| Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified | 25% | −1.2 pp | Jun 2026 |
| Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified | 23% | −21.1 pp | Jun 2026 |
| Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified | 20% | −0.4 pp | Jun 2026 |
| PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified | 18% | +8.4 pp | Jun 2026 |
| Motisons Jewellers Ltd MOTISONS⚠ unverified | 17% | +1.0 pp | Jun 2026 |
| Vaibhav Global Ltd VAIBHAVGBL | 13% | +0.4 pp | Jun 2026 |
| Bluestone Jewellery & Lifestyle Ltd BLUESTONE | 11% | +10.2 pp | Jun 2026 |
| PC Jeweller Ltd PCJEWELLER | 6.9% | +0.9 pp | Jun 2026 |
| Asian Star Company Ltd ASTAR⚠ unverified | 3.1% | −1.1 pp | Jun 2026 |
| Rajesh Exports Ltd RAJESHEXPO | 1.7% | +0.4 pp | Jun 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
D.P. Abhushan Ltd · DPABHUSHAN
Kalyan Jewellers India Ltd · KALYANKJIL
P N Gadgil Jewellers Ltd · PNGJL
PC Jeweller Ltd · PCJEWELLER
Rajesh Exports Ltd · RAJESHEXPO
Senco Gold Ltd · SENCO
Sky Gold & Diamonds Ltd · SKYGOLD
Thangamayil Jewellery Ltd · THANGAMAYL
Titan Company Ltd · TITAN
Tribhovandas Bhimji Zaveri Ltd · TBZ⚠ unverified
Vaibhav Global Ltd · VAIBHAVGBL
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
D.P. Abhushan Ltd · DPABHUSHAN
Kalyan Jewellers India Ltd · KALYANKJIL
P N Gadgil Jewellers Ltd · PNGJL
PC Jeweller Ltd · PCJEWELLER
Rajesh Exports Ltd · RAJESHEXPO
Senco Gold Ltd · SENCO
Sky Gold & Diamonds Ltd · SKYGOLD
Thangamayil Jewellery Ltd · THANGAMAYL
Titan Company Ltd · TITAN
Tribhovandas Bhimji Zaveri Ltd · TBZ⚠ unverified
Vaibhav Global Ltd · VAIBHAVGBL
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 8.02×, so level and change sit with different companies. 10 of 26 companies report a comparable reading, the latest through Jun 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.
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.
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| Kalyan Jewellers India Ltd KALYANKJIL | 2.2 | 28.3 | Jun 2026 |
| P N Gadgil Jewellers Ltd PNGJL | 1.8 | 17.5 | Jun 2026 |
| Rajesh Exports Ltd RAJESHEXPO | 1.7 | 25.5 | Jun 2026 |
| Sky Gold & Diamonds Ltd SKYGOLD | 1.7 | 28.1 | Jun 2026 |
| Titan Company Ltd TITAN | 1.4 | 74.0 | Jun 2026 |
| Senco Gold Ltd SENCO | 1.4 | 9.2 | Jun 2026 |
| Thangamayil Jewellery Ltd THANGAMAYL | 0.8 | 49.2 | Jun 2026 |
| D.P. Abhushan Ltd DPABHUSHAN | 0.7 | 10.3 | Jun 2026 |
| Vaibhav Global Ltd VAIBHAVGBL | 0.3 | 14.6 | Jun 2026 |
| PC Jeweller Ltd PCJEWELLER | 0.3 | 8.8 | Jun 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 | — | 27.2 | Jun 2026 |
| Khazanchi Jewellers Ltd 543953 | — | 17.4 | Jun 2026 |
| Bluestone Jewellery & Lifestyle Ltd BLUESTONE | — | 147.7 | Jun 2026 |
| Tribhovandas Bhimji Zaveri Ltd TBZ⚠ unverified | — | 6.1 | Jun 2026 |
| Shringar House of Mangalsutra Ltd SHRINGARMS⚠ unverified | — | 18.3 | Jun 2026 |
| Shanti Gold International Ltd SHANTIGOLD⚠ unverified | — | 7.0 | Jun 2026 |
| Motisons Jewellers Ltd MOTISONS⚠ unverified | — | 22.1 | Jun 2026 |
| PNGS Reva Diamond Jewellery Limited PNGSREVA⚠ unverified | — | 19.3 | Jun 2026 |
| Utssav CZ Gold Jewels Ltd UTSSAV⚠ unverified | — | 10.3 | Mar 2026 |
| Radhika Jeweltech Ltd RADHIKAJWE⚠ unverified | — | 8.8 | Jun 2026 |
| Manoj Vaibhav Gems N Jewellers Ltd MVGJL⚠ unverified | — | 6.0 | Jun 2026 |
| Asian Star Company Ltd ASTAR⚠ unverified | — | 25.3 | Jun 2026 |
| RBZ Jewellers Ltd RBZJEWEL | — | 9.4 | Jun 2026 |
Full 20-quarter history · every available company
PEG · reported quarter history
D.P. Abhushan Ltd · DPABHUSHAN
Kalyan Jewellers India Ltd · KALYANKJIL
P N Gadgil Jewellers Ltd · PNGJL
PC Jeweller Ltd · PCJEWELLER
Rajesh Exports Ltd · RAJESHEXPO
Senco Gold Ltd · SENCO
Sky Gold & Diamonds Ltd · SKYGOLD
Thangamayil Jewellery Ltd · THANGAMAYL
Titan Company Ltd · TITAN
Vaibhav Global Ltd · VAIBHAVGBL
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
D.P. Abhushan Ltd · DPABHUSHAN
Kalyan Jewellers India Ltd · KALYANKJIL
P N Gadgil Jewellers Ltd · PNGJL
PC Jeweller Ltd · PCJEWELLER
Rajesh Exports Ltd · RAJESHEXPO
Senco Gold Ltd · SENCO
Sky Gold & Diamonds Ltd · SKYGOLD
Thangamayil Jewellery Ltd · THANGAMAYL
Titan Company Ltd · TITAN
Tribhovandas Bhimji Zaveri Ltd · TBZ⚠ unverified
Vaibhav Global Ltd · VAIBHAVGBL
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.
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 2026-09-11. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
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.
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 2026-09-11. 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 40.9% over 52 weeks and 35.4% over 13 weeks. 20 of 25 covered companies beat NIFTY on Mansfield relative strength, while 6 of 23 beat the sector itself.
Which Diamond, Gems & Jewellery company is largest by revenue?
Rajesh Exports Ltd leads with revenue of ₹8,87,510 crore, based on 24 of 26 comparable companies through Jun 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 73.1/100 with 87% 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.
Is there a Nifty Diamond, Gems & Jewellery index?
NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Diamond, Gems & Jewellery, this page builds its own equal-weight basket of 26 listed Diamond, Gems & Jewellery companies — one company, one vote, regardless of market value — so no single large company dominates the reading. 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 ₹8,87,510 crore, ahead of Titan Company Ltd at ₹92,417 crore. That covers 24 of 26 companies with comparable reporting through Jun 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. SJ Corporation Ltd shows the biggest recent improvement, at +16.7 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 ₹5,760 crore of trailing-twelve-month net profit, from 24 of 26 comparable companies. Uday Jewellery Industries Ltd has the fastest profit growth at the ≥100% scoring cap, 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?
D.P. Abhushan Ltd leads on return on capital employed at 39.6%, 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 40.9% over the last 52 weeks and 35.4% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 20 of 25 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?
Tribhovandas Bhimji Zaveri 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 73.1 out of 100 with 87% evidence confidence, from 25.6 points on growth and earnings, 14.8 on capital efficiency, 12.7 on valuation and 20 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 ₹6,06,052 crore of combined market value. Titan Company Ltd is the largest at ₹4,44,736 crore, about 73% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-17.
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 18.3×, measured on the 26 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 2026-09-17.
How is the Diamond, Gems & Jewellery sector performing?
20 of the 25 covered Diamond, Gems & Jewellery companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 40.9% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-17.
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.
Not SEBI Registered !! Not Investment advice !!