Khazanchi Jewellers Ltd
KHAZANCHIKhazanchi Jewellers Ltd's earnings have outrun its stock. EPS grew +98.8% in a year against a +32.9% price move.
The sharpest disagreement: profits are rising, but only −73% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a downtrend (14 weeks in) while the P/E sits at the 10th percentile of its own 2-year range. Underneath, the last four quarters read improving — profit +86.7% year on year, and −73% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Khazanchi Jewellers Ltd trades at ₹799, in a downtrend and 14 weeks into that stage. That is +19.3% against its own 200-day average. It sits at 100% of a 52-week range of ₹551 to ₹799. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 2 straight weeks.
Today the stock is in a downtrend — week 14 of stage 4. At ₹799 it trades +19.3% versus its 200-day average and sits at 100% of its 52-week range (₹551–₹799).
Against the market, two honest reads. Cumulative: over the last 3.0 years the stock moved +453% while the NIFTY 500 moved +40% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 2 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Khazanchi Jewellers Ltd trades at 19.4× P/E, near the bottom of its own range — cheaper only 10% of the time. Its long-run median P/E is 32.6×, measured across 2.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 19.4× is near the bottom of its own range — cheaper only 10% of the time, against a long-run median of 32.6× measured over 2.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.
Why the multiple sits where it does: over the past year annual EPS moved +98.8% against a +32.9% price move — earnings outran the price, pushing the multiple DOWN its own range.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 13 June 2026 price, Khazanchi Jewellers Ltd was paying for profit growth of about 13.5% a year. Profit itself has compounded 88.2% a year over the past 6 years. Today the market pays 19.4× P/E, the 10th percentile of its own 2-year range.
What the two numbers say together. The multiple is low against its own past, and the growth the price is paying for is below what this company has actually delivered.
How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 25 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Khazanchi Jewellers Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 7 quarters across 1 curve, on partial evidence.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +15.6% | +62.1% | +39.9% | — |
| Profit | +97.8% | +123.2% | +97.0% | — |
| EPS | +98.8% | — | — | — |
| Share price | +32.9% | +74.8% | — | — |
4-Factor Sector Score
73.7/100 — rank 2 of 11 in Diamond, Gems & Jewellery · 76% evidence confidence
Khazanchi Jewellers Ltd scores 73.7 out of 100 against the 11 companies it is compared with in Diamond, Gems & Jewellery, ranking 2. Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
The four contributions add to the total exactly: 27.9 + 17.8 + 12.9 + 15.1 = 73.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Khazanchi Jewellers Ltd reported ₹586 Cr of revenue in the Jun 26 quarter, +45.0% year on year. Over 6 years it has compounded at 33.6% a year. The last full year, FY26, came in at ₹2,049 Cr. The last four reported quarters add to ₹2,232 Cr.
FY26 revenue came in at ₹2,049 Cr (+15.6% on the year), capping 6 years at 33.6% compound. The latest quarter (Jun 26) printed ₹586 Cr, +45.0% year on year.
Pace check: the last four quarters averaged +30.7% growth against the decade's 33.6% — the current year is running slower than its own long-run rate.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Khazanchi Jewellers Ltd's operating margin is 7.0% in the Jun 26 quarter, +2.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 7 fiscal years the operating margin has ranged 2.0% to 6.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 7.0%, +2.0 pp against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 2.0%–6.0%, and FY26's 6.0% is the top of that band — a record year.
Why the margin moved: operating margin went +1.5 pp year on year while gross margin went +1.5 pp — the gain came mostly from the gross line: input costs and pricing.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Khazanchi Jewellers Ltd earned ₹28.0 Cr of net profit in the Jun 26 quarter, +86.7% year on year. It is the 5th consecutive quarter of growth. Full-year FY26 profit was ₹89.0 Cr. The 6-year compound rate is 88.2%. That is 4.8% of the quarter's revenue. The same quarter a year earlier earned ₹15.0 Cr.
Jun 26 profit was ₹28.0 Cr, +86.7% year on year — the 5th consecutive quarter of growth. On the full year, FY26 printed ₹89.0 Cr (+97.8%), and the 6-year compound rate is 88.2%.
Why profit moved: revenue contributed +45.0% and the margin +2.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +103.3% vs revenue +30.7%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −73% of Khazanchi Jewellers Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−36.0 Cr of operating cash against ₹89.0 Cr of profit. After ₹7.0 Cr of capital spending, ₹−43.0 Cr was left as free cash.
FY26: operating cash of ₹−36.0 Cr against reported profit of ₹89.0 Cr, leaving free cash of ₹−43.0 Cr after ₹7.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −73% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −73%: the cash cycle tightened 13 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: the bigger cash user is investment — capital spending ran 13.0× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Khazanchi Jewellers Ltd's cash conversion cycle runs 76 days in FY26, down from 89 days in FY21. Capital spending ran ₹13.0 Cr over the last 3 years. At FY26 sales of ₹2,049 Cr each day of that cycle holds about ₹5.6 Cr, so roughly ₹427 Cr sits inside the business at any moment.
FY26: debtors at 4 days, inventory at 78 days — roughly 2.6 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 76 days, tighter than FY21's 89.
The full loop: cash goes out to suppliers and production on day 0; stock waits 78 days to sell; customers pay about 4 days after that; and suppliers themselves are paid at 5 days — netting out to the 76-day cycle.
In money terms: at FY26 sales of ₹2,049 Cr, each day of the cycle holds about ₹5.6 Cr — so the 76-day loop keeps roughly ₹427 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹13.0 Cr over the last 3 fiscal years against ₹1.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Khazanchi Jewellers Ltd earns a ROCE of 35% in FY26. That is up from a trough of 8% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 4.3% net margin on 4.40× asset turns.
FY26 ROCE is 35%, recovered from a FY21 trough of 8% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 4.3% net margin × 4.40× asset turns × 1.46× balance-sheet leverage ≈ 27.6% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Khazanchi Jewellers Ltd carries ₹110 Cr of borrowings against ₹320 Cr of equity in FY26, a debt-to-equity of 0.34. Operating profit covers the interest bill 21×. Over 5 years borrowings went from ₹75.0 Cr to ₹110 Cr. Capital spending ran ₹13.0 Cr across the last 3 of those years.
FY26: borrowings of ₹110 Cr against equity of ₹320 Cr — a debt-to-equity of 0.34. Operating profit covers the interest bill 21×. Over 5 years borrowings went from ₹75.0 Cr to ₹110 Cr while capital spending ran ₹13.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions cut 1.4 points of Khazanchi Jewellers Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 0.1% of the company. Promoters moved +0.0 points over the same window, to 74.5%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: −1.4 points over 8 quarters to 0.1%; Promoters: +0.0 points over 8 quarters to 74.5%; Foreign institutions: +0.0 points over 8 quarters to 0.0%.
🚨 Why the register moved: domestic institutions drove it (−1.4 points) — distribution into the market’s bid.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Khazanchi Jewellers Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1D.P. Abhushan LtdDPABHUSHAN | 74.6/100Favorable setup100% evidence | BREAKING OUT | 25.9/35 Revenue 30.8% · PAT 94.3% · OPM change 1 pp 100% evidence | 18.5/25 ROCE 39.6% · OPM 11% 100% evidence | 14.9/20 P/E 13.2× · PEG 0.68 100% evidence | 15.3/20 RS sector -0.5% · RS bench 15.6% · 1Y -10%11 of 12 weeks ahead 100% evidence |
| Exact sum: 25.9 + 18.5 + 14.9 + 15.3 = 74.6 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Khazanchi Jewellers Ltdthis pageKHAZANCHI | 73.7/100Favorable setup76% evidence | 27.9/35 Revenue 24.4% · PAT 100% · OPM change 2 pp 95% evidence | 17.8/25 ROCE 34.8% · OPM 7% 76% evidence | 12.9/20 P/E 19.4× · PEG — 50% evidence | 15.1/20 RS sector 15.7% · RS bench 14.7% · 1Y 36.4%12 of 12 weeks ahead to 2026-08-23 70% evidence | |
| Exact sum: 27.9 + 17.8 + 12.9 + 15.1 = 73.7 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 3Thangamayil Jewellery LtdTHANGAMAYL | 62.2/100Mixed-positive evidence100% evidence | FADING | 27.6/35 Revenue 83.2% · PAT 100% · OPM change -1 pp 100% evidence | 13.1/25 ROCE 25.5% · OPM 5% 100% evidence | 9.4/20 P/E 40.6× · PEG 0.77 100% evidence | 12.1/20 RS sector 12.6% · RS bench 28.1% · 1Y 138.3%8 of 12 weeks ahead 100% evidence |
| Exact sum: 27.6 + 13.1 + 9.4 + 12.1 = 62.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Senco Gold LtdSENCO | 59.4/100Mixed-positive evidence100% evidence | TURNING | 25.2/35 Revenue 43.1% · PAT 100% · OPM change -3 pp 100% evidence | 12.7/25 ROCE 21.2% · OPM 7% 100% evidence | 13.7/20 P/E 9.5× · PEG 1.35 100% evidence | 7.8/20 RS sector -12% · RS bench 2% · 1Y -11.3%5 of 12 weeks ahead 100% evidence |
| Exact sum: 25.2 + 12.7 + 13.7 + 7.8 = 59.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Vaibhav Global LtdVAIBHAVGBL | 55.9/100Mixed-positive evidence100% evidence | ASLEEP | 21.1/35 Revenue 10.4% · PAT 73.8% · OPM change 3 pp 100% evidence | 13.6/25 ROCE 16.4% · OPM 11% 100% evidence | 19.1/20 P/E 12.2× · PEG 0.33 100% evidence | 2.1/20 RS sector -20.7% · RS bench -7.9% · 1Y -16.6%4 of 12 weeks ahead 100% evidence |
| Exact sum: 21.1 + 13.6 + 19.1 + 2.1 = 55.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Golkunda Diamonds & Jewellery Ltd523676 | 54.2/100Thin evidence · provisional57% evidence | 14.6/35 Revenue 1.3% · PAT -12.4% · OPM change -0.8 pp 53% evidence | 13.8/25 ROCE 19.9% · OPM 9.7% 57% evidence | 9.1/20 P/E 16× · PEG — 50% evidence | 16.7/20 RS sector 51.3% · RS bench 52.8% · 1Y 64.2%9 of 12 weeks ahead to 2026-03-29 70% evidence | |
| Exact sum: 14.6 + 13.8 + 9.1 + 16.7 = 54.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 7Shringar House of Mangalsutra LtdSHRINGARMS | 46.6/100Mixed-negative evidence74% evidence | BREAKING OUT | 15.2/35 Revenue 65.1% · PAT 65.8% · OPM change -3 pp 95% evidence | 15.0/25 ROCE 26.8% · OPM 9% 95% evidence | 10.0/20 P/E 17.1× · PEG — 15% evidence | 6.4/20 RS sector -12.5% · RS bench 1.5% · 1Y 12.9%4 of 12 weeks ahead 70% evidence |
| Exact sum: 15.2 + 15 + 10 + 6.4 = 46.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8PNGS Gargi Fashion Jewellery Ltd543709 | 45.4/100Mixed-negative evidence76% evidence | BASING | 9.0/35 Revenue 18.3% · PAT 8.7% · OPM change -3.5 pp 95% evidence | 19.8/25 ROCE 33.8% · OPM 19.8% 76% evidence | 10.7/20 P/E 20.6× · PEG — 50% evidence | 5.9/20 RS sector -9% · RS bench -26.3% · 1Y -26.2%0 of 11 weeks ahead 70% evidence |
| Exact sum: 9 + 19.8 + 10.7 + 5.9 = 45.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9Rajesh Exports LtdRAJESHEXPO | 33.8/100Adverse evidence91% evidence | BASING | 19.5/35 Revenue 79.5% · PAT 100% · OPM change 0 pp 74% evidence | 4.8/25 ROCE 1.9% · OPM 0% 100% evidence | 7.9/20 P/E 11.8× · PEG 1.74 100% evidence | 1.6/20 RS sector -55.4% · RS bench -47.1% · 1Y -66.7%0 of 12 weeks ahead 100% evidence |
| Exact sum: 19.5 + 4.8 + 7.9 + 1.6 = 33.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Asian Star Company LtdASTAR | 32.5/100Adverse evidence87% evidence | TURNING | 6.3/35 Revenue -3.8% · PAT -23.3% · OPM change -0.9 pp 95% evidence | 8.3/25 ROCE 3.6% · OPM 2.1% 95% evidence | 6.0/20 P/E 33.8× · PEG — 50% evidence | 11.9/20 RS sector -4.7% · RS bench 10.7% · 1Y -2%2 of 12 weeks ahead 100% evidence |
| Exact sum: 6.3 + 8.3 + 6 + 11.9 = 32.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11SJ Corporation Ltd504398 | 46.1/100Thin evidence · provisional33% evidence | TURNING | 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 824× · PEG — 15% evidence | 12.5/20 RS sector — · RS bench 127.2% · 1Y —5 of 5 weeks ahead 25% evidence |
| Exact sum: 19.1 + 6 + 8.5 + 12.5 = 46.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
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.
Frequently asked questions
What is Khazanchi Jewellers Ltd's share price today?
Khazanchi Jewellers Ltd trades at ₹799, +32.9% over the past year. The company is valued at ₹1,978 Cr. The stock sits at the very top of its 52-week range (₹551–₹799), +19.3% versus its 200-day average. On the tape, the price is in a downtrend, 14 weeks in. — as of 25 September 2026.
What were Khazanchi Jewellers Ltd's latest quarterly results?
Khazanchi Jewellers Ltd reported revenue of ₹586 Cr and net profit of ₹28.0 Cr for the Jun 26 quarter. Revenue rose 45.0% and profit rose 86.7% year on year. Earnings per share were ₹11.25. The operating margin was 7.0%, 2.0 pp higher than a year earlier. — as of 25 September 2026.
What is Khazanchi Jewellers Ltd's revenue?
Khazanchi Jewellers Ltd reported revenue of ₹586 Cr in the Jun 26 quarter, +45.0% year on year. For the full FY26 fiscal year, revenue was ₹2,049 Cr (+15.6%). Over the last 6 years revenue compounded at 33.6% a year. — as of 25 September 2026.
What is Khazanchi Jewellers Ltd's profit?
Khazanchi Jewellers Ltd earned ₹28.0 Cr of net profit in the Jun 26 quarter, +86.7% year on year — the 5th straight quarter of growth. Full-year FY26 profit was ₹89.0 Cr. The operating margin ran 7.0% in the latest quarter. — as of 25 September 2026.
What is Khazanchi Jewellers Ltd's market cap?
Khazanchi Jewellers Ltd's market capitalisation is ₹1,978 Cr at a share price of ₹799. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 25 September 2026.
What is Khazanchi Jewellers Ltd's P/E ratio?
Khazanchi Jewellers Ltd trades at a P/E of 19.4×, at the 10th percentile of its own 2-year range, against a long-run median of 32.6×. This is a comparison with the stock's own history, not a value call — as of 25 September 2026.
Does Khazanchi Jewellers Ltd pay a dividend?
No — Khazanchi Jewellers Ltd has recorded a dividend payout of 0% of profit in each of its last 7 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 25 September 2026.
Is Khazanchi Jewellers Ltd overvalued?
On its own history, Khazanchi Jewellers Ltd looks cheap: its P/E of 19.4× has been cheaper only 10% of the time in 2 years (long-run median 32.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 25 September 2026.
Is Khazanchi Jewellers Ltd growing?
Yes — Khazanchi Jewellers Ltd is growing: latest-quarter revenue +45.0% year on year, profit +86.7%, and the margin +2.0 pp at 7.0%. The 6-year compound rates are 33.6% (revenue) and 88.2% (profit). The earnings engine currently reads: improving — as of 25 September 2026.
How is Khazanchi Jewellers Ltd performing?
Khazanchi Jewellers Ltd is in a downtrend, 14 weeks in. Its latest quarter's revenue rose 45.0% and profit rose 86.7% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 2 weeks. This describes what the data did, not a rating. — as of 25 September 2026.
Is Khazanchi Jewellers Ltd in an uptrend?
No — the price is in a downtrend (week 14 of stage 4), trading +19.3% versus its 200-day average and at the very top of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 25 September 2026.
Is Khazanchi Jewellers Ltd beating the market?
On recent form, yes — Khazanchi Jewellers Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 2 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 3.0 years the stock moved +453% against the NIFTY 500's +40% — ahead of the index over the full window. — as of 25 September 2026.
Will Khazanchi Jewellers Ltd's share price go up?
This page publishes no price forecast for Khazanchi Jewellers Ltd. What it measures instead: the share price is ₹799, the price is in a downtrend 14 weeks in. Its P/E of 19.4× sits at the 10th percentile of its own 2-year range. — as of 25 September 2026.
Who owns Khazanchi Jewellers Ltd?
Promoters hold 74.5% of Khazanchi Jewellers Ltd, foreign institutions 0.0%, domestic institutions 0.1% and the public 25.3% (latest quarter). The biggest move on the register over the last two years: Domestic institutions cut 1.4 points over 8 quarters. — as of 25 September 2026.
Does Khazanchi Jewellers Ltd have too much debt?
It is moderate — Khazanchi Jewellers Ltd's debt-to-equity is 0.34, and operating profit covers the interest bill 21×. FY26 borrowings were ₹110 Cr against equity of ₹320 Cr. Read the returns on this page with that leverage in mind — as of 25 September 2026.
What is Khazanchi Jewellers Ltd's capex?
Khazanchi Jewellers Ltd spent ₹13.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹7.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 25 September 2026.
What is Khazanchi Jewellers Ltd's cash flow?
Khazanchi Jewellers Ltd consumed ₹36.0 Cr of operating cash in FY26 — cash flowed out rather than in (free cash flow: ₹−43.0 Cr). Operating cash was negative while the company reported a profit of ₹89.0 Cr. Cash-flow resolution for India is annual. — as of 25 September 2026.
Is Khazanchi Jewellers Ltd's profit real cash?
No — operating cash was negative over the last 3 fiscal years: Khazanchi Jewellers Ltd consumed cash while reporting profit. In FY26, operating cash was ₹−36.0 Cr against reported profit of ₹89.0 Cr. Cash-flow resolution is annual — as of 25 September 2026.
Where is Khazanchi Jewellers Ltd in its business cycle?
Khazanchi Jewellers Ltd's FY26 operating margin was 6.0%, against a 7-year band of 2.0%–6.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 7.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 25 September 2026.
What growth does Khazanchi Jewellers Ltd's price assume?
At its price on 13 June 2026, Khazanchi Jewellers Ltd was priced for profit growth of about 13.5% a year. Profit itself has compounded 88.2% a year over the past 6 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 25 September 2026.
What could break the Khazanchi Jewellers Ltd story?
The sharpest disagreement: profits are rising, but only −73% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 25 September 2026.
Is Khazanchi Jewellers Ltd a stock worth studying right now?
This is not investment advice. The machine read: Khazanchi Jewellers Ltd's earnings have outrun its stock. EPS grew +98.8% in a year against a +32.9% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 25 September 2026.
Not SEBI Registered !! Not Investment advice !!