# PC Jeweller share price today (PC Jeweller Ltd, NSE: PCJEWELLER)

> PC Jeweller share price today: ₹15.82 at the NSE close on 4 November 2026, up 29.4% in a year. PC Jeweller (NSE: PCJEWELLER) is worth ₹15,495 crore, trades at a P/E of 17.3 and has closed between ₹7.97 and ₹18.04 over the past 52 weeks. > PC Jeweller Ltd is reporting record margins. PCJEWELLER · Diamond, Gems & Jewellery · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/pc-jeweller-ltd

PC Jeweller is one of the companies compared in a full read in the Sector Alpha newsletter: https://newsletter.sectoralpha.in/p/why-jewellery-stocks-are-beating?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Price: ₹15.82 (+29.4% in a year)
- P/E: 17.3× (higher than 54% of the last 11 years)
- Revenue (Sep 2026): ₹1,054 Cr (+27.8% on a year ago)
- Profit (Sep 2026): ₹331 Cr (+57.6% on a year ago)
- Operating margin: 29.0% (+7.0 points on a year ago)
- ROCE: 10%, FY26
- ROIC: 9.5%, against a 12.0% cost of capital: −2.5 points
- Profit that came in as cash: −46%, last 3 years

The main question: profits are rising, but only −46% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the PC Jeweller share price today? PC Jeweller Ltd's share price was ₹15.82 at the close on 4 November 2026. It has been rising for 8 weeks. That is 37.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹8 and ₹18, and at that close it sat 78% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 15 weeks in a row. Over the last 11 years the share price moved −12% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at PC Jeweller this quarter? Three changes stood out: indian funds and insurers (DIIs) cut their stake for 8 quarters in a row, profit up on a year earlier for 11 quarters in a row and best operating margin in 16 quarters. 1. Indian funds and insurers (DIIs) cut their stake for 8 quarters in a row From 9.4% to 3.8% of the company by the September 2026 quarter. 2. Profit up on a year earlier for 11 quarters in a row In the September 2026 quarter profit was ₹331 crore, +57.6% on a year earlier. 3. Best operating margin in 16 quarters Operating margin was 29% in the September 2026 quarter, against 22% a year earlier. ## What are PC Jeweller's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), PC Jeweller reported revenue of ₹1,054 crore, up 27.8% from ₹825 crore a year earlier, and a profit of ₹331 crore, up 57.6% from ₹210 crore. ### PC Jeweller results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,054 crore | ₹825 crore | +27.8% |
| Profit | ₹331 crore | ₹210 crore | +57.6% |
| Earnings per share | ₹0.34 | ₹0.29 | +17.2% |
| Operating margin | 29.0% | 22.0% | +7.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the PC Jeweller share price history? PC Jeweller closed at ₹15.82 on 4 November 2026, up 29.4% from ₹12.23 a year earlier (7 November 2025) and up 465.0% over five years. Its highest weekly close since March 2016 was ₹58.74 on 19 January 2018. ### PC Jeweller share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹15.48 | +2.2% |
| 1 month ago · 1 Oct 2026 | ₹12.82 | +23.4% |
| 6 months ago · 8 May 2026 | ₹9.50 | +66.5% |
| 1 year ago · 7 Nov 2025 | ₹12.23 | +29.4% |
| 3 years ago · 3 Nov 2023 | ₹2.99 | +429.1% |
| 5 years ago · 4 Nov 2021 | ₹2.80 | +465.0% |
| 10 years ago · 4 Nov 2016 | ₹23.73 | −33.3% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹17.90 | −11.6% |
| Highest weekly close since March 2016 · 19 Jan 2018 | ₹58.74 | −73.1% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹0.95 | +1,565.3% |
| 52-week high (weekly close) · 23 Oct 2026 | ₹18.04 | −12.3% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹7.97 | +98.5% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on PC Jeweller? 4 Nov 2026: PC Jeweller closed at ₹15.82, up 2.2% on the week and up 23.4% on the month. Results for July to September 2026: Revenue up 27.8% and profit up 57.6% on a year earlier. ### Earlier

- 16 Dec 2024: Share split: face value cut from ₹10 to ₹1 a share (ex-date). ## What dividend does PC Jeweller pay? PC Jeweller has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. Not in its latest year. PC Jeweller Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 5 of its last 13 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 5 November 2026.)

## What did PC Jeweller management say on the latest results call? PC Jeweller's management made 0 promises we could check against what it later reported. (Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What is the future of PC Jeweller? What is changing in the business? One change in PC Jeweller's own numbers looks lasting: debt falling. Debt falling looks lasting

Debt repayment is lowering the interest bill. Borrowings fell from ₹2,151 crore in March 2025 to ₹1,167 crore in March 2026, and quarterly interest fell from ₹36 crore in September 2025 to ₹14 crore in June 2026. This repair has involved new shareholder capital rather than surplus operating cash. Why it may last: Debt already repaid removes an ongoing interest obligation. Further borrowing could reduce that benefit, but the existing saving is supported by delivered repayments and falling interest. What could be flattering it: Shareholder-funded debt repayment could be presented as cash generated by a stronger business, while dilution absorbs the benefit per share. Next check: Interest remains below the year-earlier quarter and the next balance sheet confirms lower borrowings without another rise in debt. Quarter by quarter, 4 quarters

July to September 2025

Borrowings fell to ₹1,594 crore from ₹2,151 crore in March. Interest fell from the preceding June quarter's ₹42 crore to ₹36 crore, although it exceeded the year-earlier ₹2 crore because that period had an interest moratorium. ✓ fact

From our notes of the call for July to September 2025: With the repayment of its outstanding debt, the Finance Cost will also reduce. October to December 2025

Interest declined again to ₹30 crore. The year-earlier ₹3 crore remains an unsuitable measure of normal funding costs because of the moratorium. ✓ fact

January to March 2026

Borrowings fell to ₹1,167 crore and interest to ₹25 crore, against ₹45 crore a year earlier. Equity capital rose to ₹865 crore, while FY26 operating cash flow remained negative. ✓ fact

April to June 2026

Interest declined to ₹14 crore from ₹42 crore a year earlier. Management continues to describe debt repayment, but the supplied balance sheet ends in March and cannot establish June borrowings or completed debt-free status. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Checked against results and calls up to April to June 2026, 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What could change the PC Jeweller story? What are the risks? Reviewed results showing an inventory impairment or export-receivable loss large enough to erase the operating recovery would break the thesis that bank clearance leaves a viable earnings base. ### Each change stops working if

- Bank clearance lowers financing friction: New borrowing or fresh equity issuance absorbs the per-share benefit before operating cash improves. - Sales recovery supports operating earnings: Sales continue rising while operating profit falls because pricing or product economics deteriorate. - Export collections can release trapped capital: Reviewed receivables fail to reconcile the announced receipt or further losses offset the recovered cash. - Franchise rollout supplies a dated potential runway: Openings miss the announced horizon or franchise receivables and inventory grow faster than retained earnings. ### The main risks

- Inventory-funded cash gap: The cash gap is inventory-led, but productive stocking has not been demonstrated. ⚠ estimate
- Export-receivable and audit uncertainty: The new collection event does not resolve the audit qualification. ⚠ estimate
- Other-income dependence: Foreign-exchange gains make reported profit an incomplete measure of retail progress. ⚠ estimate
- Ownership interpretation remains unresolved: Percentage changes do not establish promoter disposal during a changing share base. ⚠ estimate

(Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What to watch in PC Jeweller's next results? When PC Jeweller reports October to December 2026, these are the check that show whether the story is still on course. First: Interest remains below the year-earlier quarter and the next balance sheet confirms lower borrowings without another rise in debt. | What to check | Why |
| --- | --- |
| Interest remains below the year-earlier quarter and the next balance sheet confirms lower borrowings without another rise in debt. | Debt falling |

## Which stock lists is PC Jeweller on? PC Jeweller is on 4 of our India lists: Multibagger study list, Small & mid cap stocks, Penny stocks and Gold & silver stocks. - [Multibagger study list Study stage: middle](https://www.sectoralpha.in/multibagger-stocks-india)
- [Small & mid cap stocks Size rank in India: 423](https://www.sectoralpha.in/small-cap-stocks-india)
- [Penny stocks Earnings growth, 12 months (%): 7.45](https://www.sectoralpha.in/penny-stocks-india)
- [Gold & silver stocks Group on the list: Jewellery makers and shops](https://www.sectoralpha.in/gold-stocks-india)

## Is PC Jeweller profitable? PC Jeweller Ltd earned ₹331 Cr of net profit in the Sep 2026 quarter, +57.6% on the same quarter a year earlier. That is the 6th quarter in a row of profit growth. Full-year FY26 profit was ₹714 Cr. Over 10 years profit has grown 6.0% a year on average. That is 31.4% of the quarter's revenue. The same quarter a year earlier earned ₹210 Cr. 2 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹714 Cr (+23.5% on the year before). Why profit moved: revenue changed +27.8% on a year earlier and the margin moved +7.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +46.0% and revenue +29.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does PC Jeweller make, and is it growing? PC Jeweller Ltd reported ₹1,054 Cr of revenue in the Sep 2026 quarter, +27.8% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 10 years it has grown −7.5% a year on average. The last full year, FY26, came in at ₹3,352 Cr. The last four reported quarters add to ₹3,733 Cr. FY26 revenue was ₹3,352 Cr, +49.4% on the year before. Recent pace: the last four quarters grew +29.6% on average, against −7.5% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +29.3%, against +93.8% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +45.7%, against +672.9% a year (rolling over). ## How much of every ₹100 of sales does PC Jeweller keep? PC Jeweller Ltd's operating margin was 29.0% in the Sep 2026 quarter, 7.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between −28.0% and 20.0%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +7.8 percentage points on the year while gross margin changed +7.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is PC Jeweller's profit turning into cash? Over the last 3 years PC Jeweller Ltd's operations used more cash than they brought in, so cash conversion was −46%, a gap worth watching. In FY26 its operations used ₹77.0 Cr of cash, against ₹714 Cr of profit. After ₹23.0 Cr of spending on assets, free cash was −₹100 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does PC Jeweller's cash go? PC Jeweller Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹3,352 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹39.0 Cr on assets over the last 3 years. Why this happened. Management described a rollout horizon. Franchise partners may bear store spending, but the company's inventory funding, commercial terms and retained profit are not quantified. Announced outlets, subsequent sales and operating leverage form one dependent chain; no separate earnings premium is assigned before openings and economics are delivered. Averaged over those years that is 0.4% of FY26 revenue a year. Spending on assets: ₹39.0 Cr over the last 3 years, against ₹59.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is PC Jeweller's P/E ratio, and how does it compare with its own history? PC Jeweller Ltd's P/E is 17.3×, in the middle of its own history: higher than 54% of past readings. Its usual P/E (the middle reading) is 16.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹1.01. Why the multiple is where it is: over the past year earnings per share moved −8.8% while the price moved +29.4%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +41.4% a year; about +43.7% a year came from earnings growth and about −2.3 percentage points from the multiple (the market paying less); over 10 years the price moved −4.0% a year; about −1.9% a year came from earnings growth and about −2.1 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the PC Jeweller share price assume? Worked out from its price on 11 October 2026, PC Jeweller Ltd's share price assumed profit growth of about 13.0% a year. Over the past 10 years its profit actually grew 6.0% a year. Today its P/E is 17.3×, higher than 54% of its own last 11 years. This is a one-day reading, taken on 11 October 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the PC Jeweller business getting better or worse? PC Jeweller Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## What is the PC Jeweller story, and has it been checked? PC Jeweller Ltd's story is not scored yet against the checks our research set on 10 October 2026. Where it sits in its own cycle: MID EXPANSION. Still open: Reviewed results showing an inventory impairment or export-receivable loss large enough to erase the operating recovery would break the thesis that bank clearance leaves a viable earnings base. Our read, 10 October 2026. From the numbers. The current matrix label is taken from the supplied weekly classification because the authoritative current-label block is null.…

From the price. Price stage 2, week 8, above its 200-day line, relative strength rising. From the research. Where they disagree. The current matrix label is taken from the supplied weekly classification because the authoritative current-label block is null. That weekly opportunity label does not override the normalized earnings warning. The price history also does not support describing this as an untouched early recovery. What is proven. What is not proven yet. Reviewed results showing an inventory impairment or export-receivable loss large enough to erase the operating recovery would break the thesis that bank clearance leaves a viable earnings base. What would change our mind. Reviewed results showing an inventory impairment or export-receivable loss large enough to erase the operating recovery would break the thesis that bank clearance leaves a viable earnings base. The test written in advance. Reviewed results showing an inventory impairment or export-receivable loss large enough to erase the operating recovery would break the thesis that bank clearance leaves a viable earnings base. Measured by: the thesis as written as stated by the next result. The test written in advance. The test written in advance. Inventory-funded cash gap. Measured by: Inventory-funded cash gap Another negative annual operating cash-flow print without improving inventory turns or verified collections. by the next result. What the surface reading misses. The surface reading is: The latest profit and margin suggest improved economics. The research reads it further: Operating profit increased and financing expense declined against the supplied comparison quarter. This supports an operating and financing bridge, but does not identify a durable pricing or mix mechanism. What the surface reading misses. The surface reading is: Profit recovery appears faster than sales recovery. The research reads it further: A modest operating-profit increase and lower financing expense both contribute; the profit increase is not equivalent to accelerating merchandise margins. Lever 5 · Regulatory approval: building. Completed bank repayment can release financing expense and pledged assets. What proves it keeps working: Bank clearance lowers financing friction. It stops working if New borrowing or fresh equity issuance absorbs the per-share benefit before operating cash improves. Lever 10 · New geographies: building. A new remittance announcement creates a measurable collection test. What proves it keeps working: Export collections can release trapped capital. It stops working if Reviewed receivables fail to reconcile the announced receipt or further losses offset the recovered cash. Sources: our stock research file (10 October 2026) · quarterly results through Sep 2026. The story check is re-scored every results season; the record below never changes. ## What is PC Jeweller management's track record? The stress record includes lender settlement and disclosure failures followed by debt repair; grade it as mixed rather than treating today’s repayment as a clean full-cycle history. ### Regulatory and governance record

The old loan-disclosure settlement is concluded and the customs allegations were dismissed; neither is a current fraud finding or live case. Audit assurance is unresolved separately. Sources:

- [moneylife.in](https://www.moneylife.in/article/pc-jeweller-pays-rs723-crore-to-settle-acase-of-nonsubmission-of-loan-defaults/76196.html)
- [screener.in](https://www.screener.in/company/PCJEWELLER/consolidated)

(Checked 14 October 2026.)

## How much does PC Jeweller earn on its capital? PC Jeweller Ltd earned a ROCE of 10% in FY26. That is up from a low of −2% in FY24. Its return on capital used (ROIC) is 2.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 21.3% net margin and 0.36× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 21.3% net margin × 0.36× asset turnover × 1.15× leverage (assets divided by equity) ≈ 8.8% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 9.5% − 12.0% = −2.5 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 9.5% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 7.4%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does PC Jeweller have too much debt? PC Jeweller Ltd has total debt of ₹339 Cr against shareholder equity of ₹9,300 Cr as of Sep 2026, so its debt is 0.04× its equity, which is very little. Year by year, that ratio went from 0.87 in FY22 to 0.14 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the PC Jeweller shareholding pattern? Domestic institutions cut their stake in PC Jeweller Ltd by 5.6 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 3.8% of the company. Foreign institutions moved +5.5 points over the same period, to 10.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −5.6 points over 8 quarters, to 3.8%; Foreign institutions: +5.5 points over 8 quarters, to 10.6%; Promoters: −0.9 points over 8 quarters, to 39.1%. Why the owners changed: foreign institutions moved +5.5 points and domestic institutions −5.6 points over 8 quarters, while promoters moved −0.9 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is PC Jeweller from balance-sheet trouble? For PC Jeweller Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does PC Jeweller rank in its industry? 62.6 out of 100, rank 7 of 28 in Diamond, Gems & Jewellery, with 100% of the evidence available. PC Jeweller Ltd scores 62.6 out of 100 against the 28 companies it is compared with in Diamond, Gems & Jewellery, ranking 7. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 20.9 + 10.3 + 13.2 + 18.2 = 62.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is PC Jeweller compared with? PC Jeweller ranks 7 of 28 Diamond, Gems & Jewellery companies on the 4-Factor Sector Score, with 62.6 out of 100. 1. [D.P. Abhushan Ltd](https://www.sectoralpha.in/stocks/dp-abhushan-ltd) DPABHUSHAN · leader · Most evidence points up · 96% evidence 72.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Revenue 30.8% · Profit 94.3% · Operating margin change 1 points · 88% evidence Capital efficiency 19.0/25 · ROCE 39.6% · Operating margin 11% · 100% evidence Valuation 12.1/20 · P/E 18.5× · PEG 0.74 · 100% evidence Relative strength 17.3/20 · Lead over its industry 14.3% · Lead over NIFTY 500 53.2% · 1 year 37.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.5 + 19 + 12.1 + 17.3 = 72.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Sky Gold & Diamonds Ltd](https://www.sectoralpha.in/stocks/sky-gold-diamonds-ltd) SKYGOLD · leader · Most evidence points up · 100% evidence 71.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.1/35 · Revenue 73.1% · Profit 100% · Operating margin change 1 points · 100% evidence Capital efficiency 18.8/25 · ROCE 26.9% · Operating margin 8% · 100% evidence Valuation 6.9/20 · P/E 34.1× · PEG 1.71 · 100% evidence Relative strength 16.3/20 · Lead over its industry 36.4% · Lead over NIFTY 500 76.3% · 1 year 147.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.1 + 18.8 + 6.9 + 16.3 = 71.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [PNGS Reva Diamond Jewellery Limited](https://www.sectoralpha.in/stocks/pngs-reva-diamond-jewellery-limited) PNGSREVA · breaking out · Most evidence points up · 63% evidence 70.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 39.2/43.75 · Revenue 100% · Profit 100% · Operating margin change 5 points · 100% evidence Capital efficiency 19.0/31.25 · ROCE 22% · Operating margin 24% · 100% evidence Valuation 12.2/25 · P/E 20.8× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 39.2 + 19 + 12.2 = 70.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 4. [Shanti Gold International Ltd](https://www.sectoralpha.in/stocks/shanti-gold-international-ltd) SHANTIGOLD · breaking out · Most evidence points up · 71% evidence 67.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 100% · Profit 100% · Operating margin change -3 points · 83% evidence Capital efficiency 18.5/25 · ROCE 33.9% · Operating margin 10% · 76% evidence Valuation 10.9/20 · P/E 12.2× · PEG n/a · 15% evidence Relative strength 15.3/20 · Lead over its industry 1.1% · Lead over NIFTY 500 35% · 1 year 24% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.1 + 18.5 + 10.9 + 15.3 = 67.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [Tribhovandas Bhimji Zaveri Ltd](https://www.sectoralpha.in/stocks/tribhovandas-bhimji-zaveri-ltd) TBZ · leader · Most evidence points up · 100% evidence 67.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 24.1% · Profit 100% · Operating margin change -2 points · 100% evidence Capital efficiency 15.3/25 · ROCE 21.9% · Operating margin 7% · 100% evidence Valuation 10.9/20 · P/E 20.6× · PEG 0.72 · 100% evidence Relative strength 19.5/20 · Lead over its industry 100.6% · Lead over NIFTY 500 148.9% · 1 year 237.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21.6 + 15.3 + 10.9 + 19.5 = 67.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Khazanchi Jewellers Ltd](https://www.sectoralpha.in/stocks/khazanchi-jewellers-ltd) KHAZANCHI · breaking out · Most evidence points up · 71% evidence 66.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.5/35 · Revenue 24.4% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 16.3/25 · ROCE 34.8% · Operating margin 7% · 100% evidence Valuation 13.4/20 · P/E 17.5× · PEG n/a · 50% evidence Relative strength 10.6/20 · Lead over its industry n/a · Lead over NIFTY 500 6.8% · 1 year 7.3% · 25% evidence · 5 of 5 weeks ahead Exact sum: 26.5 + 16.3 + 13.4 + 10.6 = 66.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. PC Jeweller Ltd this page PCJEWELLER · breaking out · Evidence leans up · 100% evidence 62.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Revenue 29.3% · Profit 45.7% · Operating margin change 7 points · 100% evidence Capital efficiency 10.3/25 · ROCE 9.6% · Operating margin 29% · 100% evidence Valuation 13.2/20 · P/E 16.9× · PEG 0.32 · 100% evidence Relative strength 18.2/20 · Lead over its industry 14.7% · Lead over NIFTY 500 54.2% · 1 year 33.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.9 + 10.3 + 13.2 + 18.2 = 62.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [RBZ Jewellers Ltd](https://www.sectoralpha.in/stocks/rbz-jewellers-ltd) RBZJEWEL · breaking out · Evidence leans up · 96% evidence 61.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 30.3% · Profit 54% · Operating margin change -2.3 points · 88% evidence Capital efficiency 14.6/25 · ROCE 22% · Operating margin 14.8% · 100% evidence Valuation 16.4/20 · P/E 12.2× · PEG 0.23 · 100% evidence Relative strength 12.0/20 · Lead over its industry -8.2% · Lead over NIFTY 500 24.1% · 1 year 16.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 18.7 + 14.6 + 16.4 + 12 = 61.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Titan Company Ltd](https://www.sectoralpha.in/stocks/titan-company-ltd) TITAN · losing its lead · Evidence leans up · 96% evidence 56.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.0/35 · Revenue 45% · Profit 55.1% · Operating margin change 3 points · 88% evidence Capital efficiency 14.1/25 · ROCE 20.5% · Operating margin 14% · 100% evidence Valuation 9.8/20 · P/E 67.5× · PEG 1.43 · 100% evidence Relative strength 6.9/20 · Lead over its industry -21.5% · Lead over NIFTY 500 7.2% · 1 year 18.8% · 100% evidence · 8 of 12 weeks ahead Exact sum: 26 + 14.1 + 9.8 + 6.9 = 56.8 · What this means: Earnings are strong; relative strength in its sector is -21.5% and the one-year return is 18.8%. 10. [Thangamayil Jewellery Ltd](https://www.sectoralpha.in/stocks/thangamayil-jewellery-ltd) THANGAMAYL · quiet · Evidence leans up · 96% evidence 55.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/35 · Revenue 83.2% · Profit 100% · Operating margin change -1 points · 88% evidence Capital efficiency 13.6/25 · ROCE 25.5% · Operating margin 5% · 100% evidence Valuation 9.5/20 · P/E 35.3× · PEG 0.78 · 100% evidence Relative strength 6.4/20 · Lead over its industry -20.4% · Lead over NIFTY 500 7% · 1 year 105.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 25.8 + 13.6 + 9.5 + 6.4 = 55.3 · What this means: Earnings are strong; relative strength in its sector is -20.4% and the one-year return is 105.3%. 11. [Senco Gold Ltd](https://www.sectoralpha.in/stocks/senco-gold-ltd) SENCO · quiet · Evidence leans up · 96% evidence 53.0 out of 100 Growth Capital Valuation Relative
12. [Shringar House of Mangalsutra Ltd](https://www.sectoralpha.in/stocks/shringar-house-of-mangalsutra-ltd) SHRINGARMS · breaking out · Evidence leans up · 73% evidence 52.2 out of 100 Growth Capital Valuation Relative
13. [P N Gadgil Jewellers Ltd](https://www.sectoralpha.in/stocks/p-n-gadgil-jewellers-ltd) PNGJL · quiet · Evidence leans up · 93% evidence 52.1 out of 100 Growth Capital Valuation Relative
14. [Kalyan Jewellers India Ltd](https://www.sectoralpha.in/stocks/kalyan-jewellers-india-ltd) KALYANKJIL · losing its lead · Evidence leans down · 96% evidence 49.9 out of 100 Growth Capital Valuation Relative
15. [Motisons Jewellers Ltd](https://www.sectoralpha.in/stocks/motisons-jewellers-ltd) MOTISONS · breaking out · Evidence leans down · 96% evidence 48.0 out of 100 Growth Capital Valuation Relative
16. [PNGS Gargi Fashion Jewellery Ltd](https://www.sectoralpha.in/stocks/pngs-gargi-fashion-jewellery-ltd) basing · Evidence leans down · 72% evidence 48.0 out of 100 Growth Capital Valuation Relative
17. [Bluestone Jewellery & Lifestyle Ltd](https://www.sectoralpha.in/stocks/bluestone-jewellery-lifestyle-ltd) BLUESTONE · losing its lead · Too little evidence to rank firmly · 59% evidence 46.9 out of 100 Growth Capital Valuation Relative
18. [Manoj Vaibhav Gems N Jewellers Ltd](https://www.sectoralpha.in/stocks/manoj-vaibhav-gems-n-jewellers-ltd) MVGJL · losing its lead · Evidence leans down · 96% evidence 45.8 out of 100 Growth Capital Valuation Relative
19. [Radhika Jeweltech Ltd](https://www.sectoralpha.in/stocks/radhika-jeweltech-ltd) RADHIKAJWE · quiet · Evidence leans down · 96% evidence 45.6 out of 100 Growth Capital Valuation Relative
20. [Vaibhav Global Ltd](https://www.sectoralpha.in/stocks/vaibhav-global-ltd) VAIBHAVGBL · quiet · Evidence leans down · 100% evidence 43.7 out of 100 Growth Capital Valuation Relative
21. [SJ Corporation Ltd](https://www.sectoralpha.in/stocks/sj-corporation-ltd) breaking out · Too little evidence to rank firmly · 57% evidence 42.4 out of 100 Growth Capital Valuation Relative
22. [Rajesh Exports Ltd](https://www.sectoralpha.in/stocks/rajesh-exports-ltd) RAJESHEXPO · quiet · Evidence leans down · 88% evidence 36.7 out of 100 Growth Capital Valuation Relative
23. [Asian Star Company Ltd](https://www.sectoralpha.in/stocks/asian-star-company-ltd) ASTAR · turning · Most evidence points down · 78% evidence 28.4 out of 100 Growth Capital Valuation Relative
24. [Utssav CZ Gold Jewels Ltd](https://www.sectoralpha.in/stocks/utssav-cz-gold-jewels-ltd) UTSSAV · leader · Too little evidence to rank firmly · 47% evidence 63.7 out of 100 Growth Capital Valuation Relative
25. Uday Jewellery Industries Ltd Too little evidence to rank firmly · 47% evidence 62.2 out of 100 Growth Capital Valuation Relative
26. [Advit Jewels Ltd](https://www.sectoralpha.in/stocks/advit-jewels-ltd) RAMBHAJO · turning · Too little evidence to rank firmly · 45% evidence 58.9 out of 100 Growth Capital Valuation Relative
27. [Grover Jewells Ltd](https://www.sectoralpha.in/stocks/grover-jewells-ltd) GJL · Too little evidence to rank firmly · 34% evidence 52.9 out of 100 Growth Capital Valuation Relative
28. [Golkunda Diamonds & Jewellery Ltd](https://www.sectoralpha.in/stocks/golkunda-diamonds-jewellery-ltd) Too little evidence to rank firmly · 43% evidence 45.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Diamond, Gems & Jewellery](https://www.sectoralpha.in/sectors/diamond-gems-jewellery), all 28 compared on one page. ## Which companies are close to PC Jeweller in size? PC Jeweller is the 3rd largest of 27 Diamond, Gems & Jewellery companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Titan Company and Kalyan Jewellers India. Just below it: Thangamayil Jewellery, Sky Gold & Diamonds, Bluestone Jewellery & Lifestyle and P N Gadgil Jewellers. ### Diamond, Gems & Jewellery companies close in size

1. [Titan Company Ltd](https://www.sectoralpha.in/stocks/titan-company-ltd) ₹3,93,866 crore
2. [Kalyan Jewellers India Ltd](https://www.sectoralpha.in/stocks/kalyan-jewellers-india-ltd) ₹51,431 crore
3. PC Jeweller Ltd ₹15,182 crore
4. [Thangamayil Jewellery Ltd](https://www.sectoralpha.in/stocks/thangamayil-jewellery-ltd) ₹13,847 crore
5. [Sky Gold & Diamonds Ltd](https://www.sectoralpha.in/stocks/sky-gold-diamonds-ltd) ₹13,678 crore
6. [Bluestone Jewellery & Lifestyle Ltd](https://www.sectoralpha.in/stocks/bluestone-jewellery-lifestyle-ltd) ₹10,312 crore
7. [P N Gadgil Jewellers Ltd](https://www.sectoralpha.in/stocks/p-n-gadgil-jewellers-ltd) ₹8,222 crore

[All 27 Diamond, Gems & Jewellery companies, largest first](https://www.sectoralpha.in/sectors/diamond-gems-jewellery#all-companies)

### Companies close in size in other industries

1. [Natco Pharma Ltd](https://www.sectoralpha.in/stocks/natco-pharma-ltd) ₹15,348 crore · Pharma - Formulators
2. [PG Electroplast Ltd](https://www.sectoralpha.in/stocks/pg-electroplast-ltd) ₹15,200 crore · Consumer Electronics - EMS
3. PC Jeweller Ltd ₹15,182 crore
4. [Travel Food Services Ltd](https://www.sectoralpha.in/stocks/travel-food-services-ltd) ₹15,180 crore · Hotels
5. [Tata Chemicals Ltd](https://www.sectoralpha.in/stocks/tata-chemicals-ltd) ₹15,174 crore · Chemicals - Inorganic - Caustic Soda/Soda Ash

## What else do people ask about PC Jeweller? ### What is PC Jeweller's share price today? PC Jeweller Ltd's share price is ₹15.82, +29.4% over the past year. The whole company is worth ₹15,495 Cr on the market. In the last 52 weeks it traded between ₹8 to ₹18; today it is 78% of the way up from the low, 37.7% above its 200-day average (as of 4 November 2026). ### What were PC Jeweller's latest quarterly results? PC Jeweller Ltd reported revenue of ₹1,054 Cr and net profit of ₹331 Cr for the Sep 2026 quarter. Revenue rose 27.8% and profit rose 57.6% compared with a year earlier. Earnings per share were ₹0.34. The operating margin was 29.0%, 7.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is PC Jeweller's market cap? PC Jeweller Ltd's market capitalisation is ₹15,495 Cr at a share price of ₹15.82. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is PC Jeweller performing? PC Jeweller Ltd's share price has been rising for 8 weeks. In its latest quarter, revenue rose 27.8% and profit rose 57.6% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 15 weeks running (as of 4 November 2026). ### Will PC Jeweller's share price go up? This page does not forecast PC Jeweller Ltd's share price. What it shows instead: the share price is ₹15.82, and it has been rising for 8 weeks. Its P/E of 17.3× is higher than 54% of its own last 11 years (as of 4 November 2026). ### Who owns PC Jeweller? Promoters own 39.1% of PC Jeweller Ltd, foreign institutions 10.6%, domestic institutions 3.8% and the public 46.5% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 5.6 percentage points over 8 quarters (as of 4 November 2026). ### Does PC Jeweller have too much debt? No, PC Jeweller Ltd has little debt: its debt is 0.14× its equity, and its operating profit is 5 times its interest bill. FY26 borrowings were ₹1,167 Cr against equity of ₹8,174 Cr. So the returns on this page come from the business, not borrowed money (as of 4 November 2026). ### Where is PC Jeweller in its business cycle? PC Jeweller Ltd's FY26 operating margin was 20.0%, against a 13-year range of −28.0% to 20.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 29.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the PC Jeweller story? The main question: profits are rising, but only −46% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is PC Jeweller a stock worth studying right now? What the numbers show: PC Jeweller Ltd is reporting record margins. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a PC Jeweller share price forecast for 2026? One change in PC Jeweller's own numbers looks lasting: debt falling. What would change the story: Reviewed results showing an inventory impairment or export-receivable loss large enough to erase the operating recovery would break the thesis that bank clearance leaves a viable earnings base. ### Where does this page get PC Jeweller's management information? From PC Jeweller's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Multibagger study list: https://www.sectoralpha.in/multibagger-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Penny stocks: https://www.sectoralpha.in/penny-stocks-india
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