RBZ Jewellers Ltd
RBZJEWELRBZ Jewellers Ltd's earnings have outrun its stock. EPS grew +41.2% in a year against a +13.0% price move.
The sharpest disagreement: profits are rising, but only −61% 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 (71 weeks in) while the P/E sits at the 18th percentile of its own 3-year range. Underneath, the last four quarters read improving — profit +33.3% year on year, and −61% 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.
RBZ Jewellers Ltd trades at ₹149, in a downtrend and 71 weeks into that stage. That is +7.7% against its own 200-day average. It sits at 83% of a 52-week range of ₹110 to ₹157. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 4 straight weeks.
Today the stock is in a downtrend — week 71 of stage 4. At ₹149 it trades +7.7% versus its 200-day average and sits at 83% of its 52-week range (₹110–₹157).
Against the market, two honest reads. Cumulative: over the last 2.6 years the stock moved +29% while the NIFTY 500 moved +21% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 4 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.
RBZ Jewellers Ltd trades at 10.9× P/E, near the bottom of its own range — cheaper only 18% of the time. Its long-run median P/E is 15.9×, measured across 2.6 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 10.9× is near the bottom of its own range — cheaper only 18% of the time, against a long-run median of 15.9× measured over 2.6 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +41.2% against a +13.0% 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.
Stage: Mixed 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).
RBZ Jewellers Ltd reads as mixed on its fundamental arc. Mixed — revenue growth is rising at +38.0% (single-quarter readings) while profit growth is decelerating from its peak at +33.3% (single-quarter readings) — the curves disagree, so the per-curve reads carry the story. The read is built from 9 quarters across 3 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
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.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +20.0% | +30.2% | +42.8% | — |
| Profit | +41.0% | +35.7% | +40.6% | — |
| EPS | +41.2% | +22.6% | −10.9% | — |
| Share price | +13.0% | — | — | — |
4-Factor Sector Score
55.6/100 — rank 11 of 26 in Diamond, Gems & Jewellery · 83% evidence confidence
RBZ Jewellers Ltd scores 55.6 out of 100 against the 26 companies it is compared with in Diamond, Gems & Jewellery, ranking 11. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 19.1 + 14.9 + 13.8 + 7.8 = 55.6. 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.
RBZ Jewellers Ltd reported ₹189 Cr of revenue in the Mar 26 quarter, +38.0% year on year. That is the 3rd straight quarter of year-on-year growth. Over 6 years it has compounded at 23.2% a year. The last full year, FY26, came in at ₹636 Cr. The last four reported quarters add to ₹636 Cr.
FY26 revenue came in at ₹636 Cr (+20.0% on the year), capping 6 years at 23.2% compound. The latest quarter (Mar 26) printed ₹189 Cr, +38.0% year on year — the 3rd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +17.8% growth against the decade's 23.2% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +20.0% over the last 4 quarters against +34.0%/yr over the last 8 — rolling over; TTM profit +41.0% vs +54.6%/yr — rolling over.
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.
RBZ Jewellers Ltd's operating margin is 11.0% in the Mar 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 6.0% to 19.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 11.0%, +0.0 pp against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 6.0%–19.0%.
Why the margin moved: operating margin went +0.5 pp year on year while gross margin went −1.1 pp — the gain came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
RBZ Jewellers Ltd earned ₹12.0 Cr of net profit in the Mar 26 quarter, +33.3% year on year. It is the 3rd consecutive quarter of growth. Full-year FY26 profit was ₹55.0 Cr. The 6-year compound rate is 62.4%. That is 6.3% of the quarter's revenue. The same quarter a year earlier earned ₹9.0 Cr.
Mar 26 profit was ₹12.0 Cr, +33.3% year on year — the 3rd consecutive quarter of growth. On the full year, FY26 printed ₹55.0 Cr (+41.0%), and the 6-year compound rate is 62.4%.
Why profit moved: revenue contributed +38.0% and the margin +0.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +44.8% vs revenue +17.8%. 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 −61% of RBZ Jewellers Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−7.0 Cr of operating cash against ₹55.0 Cr of profit. After ₹55.0 Cr of capital spending, ₹−62.0 Cr was left as free cash.
FY26: operating cash of ₹−7.0 Cr against reported profit of ₹55.0 Cr, leaving free cash of ₹−62.0 Cr after ₹55.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −61% 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 −61%: the cash cycle tightened 178 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 8.6× 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).
RBZ Jewellers Ltd's cash conversion cycle runs 279 days in FY26, down from 457 days in FY21. Capital spending ran ₹69.0 Cr over the last 3 years. At FY26 sales of ₹636 Cr each day of that cycle holds about ₹1.7 Cr, so roughly ₹486 Cr sits inside the business at any moment.
FY26: debtors at 32 days, inventory at 251 days — roughly 8.3 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 279 days, tighter than FY21's 457.
The full loop: cash goes out to suppliers and production on day 0; stock waits 251 days to sell; customers pay about 32 days after that; and suppliers themselves are paid at 5 days — netting out to the 279-day cycle.
In money terms: at FY26 sales of ₹636 Cr, each day of the cycle holds about ₹1.7 Cr — so the 279-day loop keeps roughly ₹486 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹69.0 Cr over the last 3 fiscal years against ₹8.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹25.0 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.
RBZ Jewellers Ltd earns a ROCE of 22% in FY26. That is up from a trough of 16% in FY24. Return on invested capital clears the cost of that capital by +2.7 percentage points, so growth here adds value rather than only size. The wiring behind it is 8.6% net margin on 1.31× asset turns.
FY26 ROCE is 22%, recovered from a FY24 trough of 16% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 8.6% net margin × 1.31× asset turns × 1.62× balance-sheet leverage ≈ 18.3% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 14.7% − 12.0% = a +2.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.
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.
RBZ Jewellers Ltd carries ₹170 Cr of borrowings against ₹300 Cr of equity in FY26, a debt-to-equity of 0.57. Operating profit covers the interest bill 7×. Over 5 years borrowings went from ₹60.0 Cr to ₹170 Cr. Capital spending ran ₹69.0 Cr across the last 3 of those years.
FY26: borrowings of ₹170 Cr against equity of ₹300 Cr — a debt-to-equity of 0.57. Operating profit covers the interest bill 7×. Over 5 years borrowings went from ₹60.0 Cr to ₹170 Cr while capital spending ran ₹69.0 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 1.5 points of RBZ Jewellers Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 0.0% of the company. Foreign institutions moved −1.3 points over the same window, to 0.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: −1.5 points over 8 quarters to 0.0%; Foreign institutions: −1.3 points over 8 quarters to 0.0%; Promoters: +0.0 points over 8 quarters to 75.0%.
🚨 Why the register moved: domestic institutions drove it (−1.5 points), alongside foreign institutions (−1.3 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.
RBZ 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 |
|---|---|---|---|---|---|---|
| 1Tribhovandas Bhimji Zaveri LtdTBZ | 77.9/100Favorable setup83% evidence | BREAKING OUT | 28.0/35 Revenue 22.3% · PAT 100% · OPM change 7 pp 83% evidence | 17.6/25 ROCE 21.4% · OPM 14% 95% evidence | 13.9/20 P/E 9.1× · PEG — 50% evidence | 18.4/20 RS sector 30.1% · RS bench 57.6% · 1Y 46.1%10 of 12 weeks ahead 100% evidence |
| Exact sum: 28 + 17.6 + 13.9 + 18.4 = 77.9 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Khazanchi Jewellers Ltd543953 | 72.3/100Favorable setup72% evidence | TURNING | 26.5/35 Revenue 15.7% · PAT 100% · OPM change 3.9 pp 83% evidence | 18.5/25 ROCE 34.8% · OPM 7% 76% evidence | 13.5/20 P/E 20× · PEG — 50% evidence | 13.8/20 RS sector 13.2% · RS bench 5.2% · 1Y 20%1 of 10 weeks ahead 70% evidence |
| Exact sum: 26.5 + 18.5 + 13.5 + 13.8 = 72.3 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 3Senco Gold LtdSENCO | 71.3/100Favorable setup90% evidence | TURNING | 28.8/35 Revenue 33.2% · PAT 100% · OPM change 5 pp 88% evidence | 15.3/25 ROCE 20.9% · OPM 14% 100% evidence | 15.1/20 P/E 11.5× · PEG 1.35 100% evidence | 12.1/20 RS sector -1.1% · RS bench 18.8% · 1Y 18.6%9 of 11 weeks ahead 70% evidence |
| Exact sum: 28.8 + 15.3 + 15.1 + 12.1 = 71.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Sky Gold & Diamonds LtdSKYGOLD | 68.7/100Favorable setup93% evidence | LEADER | 26.0/35 Revenue 77.4% · PAT 100% · OPM change 1 pp 83% evidence | 16.7/25 ROCE 27% · OPM 7% 95% evidence | 8.0/20 P/E 36.2× · PEG 1.71 100% evidence | 18.0/20 RS sector 35.8% · RS bench 63.5% · 1Y 113.7%12 of 12 weeks ahead 100% evidence |
| Exact sum: 26 + 16.7 + 8 + 18 = 68.7 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 5Utssav CZ Gold Jewels LtdUTSSAV | 67.1/100Thin evidence · provisional56% evidence | LEADER | 19.6/35 Revenue — · PAT — · OPM change 0 pp 26% evidence | 17.9/25 ROCE 28.8% · OPM 7% 95% evidence | 9.7/20 P/E 21.2× · PEG — 15% evidence | 19.9/20 RS sector 65.4% · RS bench 98% · 1Y 136%12 of 12 weeks ahead 100% evidence |
| Exact sum: 19.6 + 17.9 + 9.7 + 19.9 = 67.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 6Thangamayil Jewellery LtdTHANGAMAYL | 62.7/100Mixed-positive evidence100% evidence | LEADER | 26.9/35 Revenue 83.2% · PAT 100% · OPM change -1 pp 100% evidence | 13.3/25 ROCE 25.5% · OPM 5% 100% evidence | 9.8/20 P/E 41.4× · PEG 0.77 100% evidence | 12.7/20 RS sector 18.4% · RS bench 42.3% · 1Y 185%11 of 12 weeks ahead 100% evidence |
| Exact sum: 26.9 + 13.3 + 9.8 + 12.7 = 62.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7Shanti Gold International LtdSHANTIGOLD | 61.0/100Mixed-positive evidence70% evidence | TURNING | 22.3/35 Revenue 82.5% · PAT 100% · OPM change 3 pp 83% evidence | 20.1/25 ROCE 33.5% · OPM 10% 95% evidence | 11.1/20 P/E 11.2× · PEG — 15% evidence | 7.5/20 RS sector -16.8% · RS bench 1.5% · 1Y -5.2%9 of 12 weeks ahead 70% evidence |
| Exact sum: 22.3 + 20.1 + 11.1 + 7.5 = 61 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Kalyan Jewellers India LtdKALYANKJIL | 57.7/100Mixed-positive evidence96% evidence | TURNING | 23.8/35 Revenue 42.7% · PAT 89% · OPM change 1 pp 88% evidence | 11.4/25 ROCE 20.5% · OPM 7% 100% evidence | 5.6/20 P/E 45.9× · PEG 2.19 100% evidence | 16.9/20 RS sector 9.7% · RS bench 33.5% · 1Y 3.1%3 of 12 weeks ahead 100% evidence |
| Exact sum: 23.8 + 11.4 + 5.6 + 16.9 = 57.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9Vaibhav Global LtdVAIBHAVGBL | 57.7/100Mixed-positive evidence90% evidence | TURNING | 18.2/35 Revenue 9.3% · PAT 74.5% · OPM change 2 pp 88% evidence | 13.2/25 ROCE 16.4% · OPM 9% 100% evidence | 16.6/20 P/E 16.6× · PEG 0.33 100% evidence | 9.7/20 RS sector -6.5% · RS bench 14.1% · 1Y 14.4%5 of 10 weeks ahead 70% evidence |
| Exact sum: 18.2 + 13.2 + 16.6 + 9.7 = 57.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Uday Jewellery Industries Ltd539518 | 57.1/100Mixed-positive evidence78% evidence | 27.6/35 Revenue 100% · PAT 100% · OPM change 3 pp 83% evidence | 14.6/25 ROCE 22.4% · OPM 7% 76% evidence | 12.1/20 P/E 13.7× · PEG — 50% evidence | 2.8/20 RS sector -19.1% · RS bench -3.8% · 1Y -4.7%9 of 10 weeks ahead 100% evidence | |
| Exact sum: 27.6 + 14.6 + 12.1 + 2.8 = 57.1 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -19.1% and the one-year return is -4.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 11RBZ Jewellers Ltdthis pageRBZJEWEL | 55.6/100Mixed-positive evidence83% evidence | TURNING | 19.1/35 Revenue 20% · PAT 41% · OPM change 0 pp 83% evidence | 14.9/25 ROCE 21.8% · OPM 11% 95% evidence | 13.8/20 P/E 10.9× · PEG — 50% evidence | 7.8/20 RS sector -12.3% · RS bench 6.9% · 1Y 9.7%6 of 12 weeks ahead 100% evidence |
| Exact sum: 19.1 + 14.9 + 13.8 + 7.8 = 55.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12P N Gadgil Jewellers LtdPNGJL | 54.4/100Mixed-positive evidence93% evidence | TURNING | 26.1/35 Revenue 47.8% · PAT 76.6% · OPM change 2 pp 100% evidence | 12.6/25 ROCE 20.9% · OPM 8% 100% evidence | 8.6/20 P/E 20.3× · PEG 1.77 65% evidence | 7.1/20 RS sector -9.8% · RS bench 10.1% · 1Y 15.2%0 of 12 weeks ahead 100% evidence |
| Exact sum: 26.1 + 12.6 + 8.6 + 7.1 = 54.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Shringar House of Mangalsutra LtdSHRINGARMS | 53.2/100Thin evidence · provisional56% evidence | BREAKING OUT | 17.3/35 Revenue 57.2% · PAT 90.2% · OPM change -1 pp 83% evidence | 15.8/25 ROCE 26.8% · OPM 6% 95% evidence | 10.1/20 P/E 18.6× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —6 of 12 weeks ahead 0% evidence |
| Exact sum: 17.3 + 15.8 + 10.1 + 10 = 53.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 14Titan Company LtdTITAN | 51.8/100Mixed-positive evidence96% evidence | TURNING | 19.1/35 Revenue 44.9% · PAT 52% · OPM change -3 pp 88% evidence | 14.9/25 ROCE 20.5% · OPM 7% 100% evidence | 8.5/20 P/E 84× · PEG 1.43 100% evidence | 9.3/20 RS sector -2.6% · RS bench 18.6% · 1Y 40.9%1 of 12 weeks ahead 100% evidence |
| Exact sum: 19.1 + 14.9 + 8.5 + 9.3 = 51.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15Golkunda Diamonds & Jewellery Ltd523676 | 51.7/100Thin evidence · provisional57% evidence | 13.3/35 Revenue 1.3% · PAT -12.4% · OPM change -0.8 pp 53% evidence | 13.4/25 ROCE 19.9% · OPM 9.7% 57% evidence | 8.9/20 P/E 16× · PEG — 50% evidence | 16.1/20 RS sector 61.7% · RS bench 52.8% · 1Y 53.4%9 of 12 weeks ahead to 2026-03-29 70% evidence | |
| Exact sum: 13.3 + 13.4 + 8.9 + 16.1 = 51.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 16D.P. Abhushan LtdDPABHUSHAN | 50.9/100Mixed-positive evidence100% evidence | TURNING | 21.3/35 Revenue 9.4% · PAT 79.6% · OPM change 0.7 pp 100% evidence | 15.3/25 ROCE 24.4% · OPM 10.7% 100% evidence | 4.7/20 P/E 74.2× · PEG 1.87 100% evidence | 9.6/20 RS sector -16.9% · RS bench 1.6% · 1Y -21.5%3 of 12 weeks ahead 100% evidence |
| Exact sum: 21.3 + 15.3 + 4.7 + 9.6 = 50.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 17PNGS Gargi Fashion Jewellery Ltd543709 | 47.4/100Mixed-negative evidence76% evidence | ASLEEP | 8.4/35 Revenue 18.3% · PAT 8.7% · OPM change -3.5 pp 95% evidence | 20.7/25 ROCE 33.8% · OPM 19.8% 76% evidence | 10.7/20 P/E 21.2× · PEG — 50% evidence | 7.6/20 RS sector -2.3% · RS bench -30.5% · 1Y -27.9%1 of 10 weeks ahead 70% evidence |
| Exact sum: 8.4 + 20.7 + 10.7 + 7.6 = 47.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 18Bluestone Jewellery & Lifestyle LtdBLUESTONE | 46.4/100Thin evidence · provisional54% evidence | TURNING | 23.5/35 Revenue 40% · PAT 100% · OPM change 3.4 pp 74% evidence | 4.4/25 ROCE 7.1% · OPM 14.5% 100% evidence | 8.5/20 P/E 221× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y 49.4%7 of 10 weeks ahead 0% evidence |
| Exact sum: 23.5 + 4.4 + 8.5 + 10 = 46.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 19PC Jeweller LtdPCJEWELLER | 43.3/100Mixed-negative evidence90% evidence | ASLEEP | 14.5/35 Revenue 49.4% · PAT 23.7% · OPM change -3 pp 88% evidence | 8.2/25 ROCE 9.6% · OPM 18% 100% evidence | 16.2/20 P/E 12.6× · PEG 0.26 100% evidence | 4.4/20 RS sector -22.2% · RS bench -12.7% · 1Y -36.4%1 of 11 weeks ahead 70% evidence |
| Exact sum: 14.5 + 8.2 + 16.2 + 4.4 = 43.3 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 20Radhika Jeweltech LtdRADHIKAJWE | 43.3/100Mixed-negative evidence83% evidence | TURNING | 11.6/35 Revenue 8.7% · PAT 30% · OPM change -6.7 pp 83% evidence | 14.3/25 ROCE 25.1% · OPM 5.7% 95% evidence | 10.7/20 P/E 11.3× · PEG — 50% evidence | 6.7/20 RS sector -20.8% · RS bench -3.1% · 1Y -27.2%1 of 12 weeks ahead 100% evidence |
| Exact sum: 11.6 + 14.3 + 10.7 + 6.7 = 43.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 21Motisons Jewellers LtdMOTISONS | 42.0/100Mixed-negative evidence83% evidence | FADING | 13.4/35 Revenue 5.9% · PAT 47.6% · OPM change -9.4 pp 83% evidence | 12.8/25 ROCE 17.9% · OPM 6.1% 95% evidence | 11.8/20 P/E 25.3× · PEG — 50% evidence | 4.0/20 RS sector -24.3% · RS bench -7.5% · 1Y -33.4%2 of 12 weeks ahead 100% evidence |
| Exact sum: 13.4 + 12.8 + 11.8 + 4 = 42 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 22Manoj Vaibhav Gems N Jewellers LtdMVGJL | 40.1/100Mixed-negative evidence83% evidence | ASLEEP | 12.6/35 Revenue 15.1% · PAT 13.9% · OPM change -1 pp 83% evidence | 10.1/25 ROCE 15.6% · OPM 5% 95% evidence | 14.1/20 P/E 7.1× · PEG — 50% evidence | 3.3/20 RS sector -22.3% · RS bench -5% · 1Y -22.3%1 of 12 weeks ahead 100% evidence |
| Exact sum: 12.6 + 10.1 + 14.1 + 3.3 = 40.1 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 23Asian Star Company LtdASTAR | 27.8/100Adverse evidence75% evidence | ASLEEP | 12.0/35 Revenue -2.5% · PAT -2.5% · OPM change 0.2 pp 62% evidence | 7.2/25 ROCE 3.6% · OPM 0.8% 95% evidence | 6.8/20 P/E 23.6× · PEG — 50% evidence | 1.8/20 RS sector -27.2% · RS bench -10.9% · 1Y -21%2 of 12 weeks ahead 100% evidence |
| Exact sum: 12 + 7.2 + 6.8 + 1.8 = 27.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 24Rajesh Exports LtdRAJESHEXPO | 26.8/100Adverse evidence96% evidence | ASLEEP | 16.3/35 Revenue 84% · PAT 15.6% · OPM change -0.1 pp 88% evidence | 4.4/25 ROCE 1.9% · OPM -0.1% 100% evidence | 5.8/20 P/E 22.3× · PEG 1.74 100% evidence | 0.3/20 RS sector -53.8% · RS bench -43.2% · 1Y -56.6%0 of 12 weeks ahead 100% evidence |
| Exact sum: 16.3 + 4.4 + 5.8 + 0.3 = 26.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 25PNGS Reva Diamond Jewellery LimitedPNGSREVA | 60.0/100Thin evidence · provisional43% evidence | ASLEEP | 23.5/35 Revenue — · PAT — · OPM change 7 pp 45% evidence | 16.1/25 ROCE 22% · OPM 29% 95% evidence | 10.4/20 P/E 16.1× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —0 of 3 weeks ahead 0% evidence |
| Exact sum: 23.5 + 16.1 + 10.4 + 10 = 60 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 26SJ Corporation Ltd504398 | 42.1/100Thin evidence · provisional28% evidence | TURNING | 16.0/35 Revenue — · PAT — · OPM change -5.2 pp 10% evidence | 3.6/25 ROCE 0.1% · OPM -4.8% 76% evidence | 10.0/20 P/E — · PEG — 0% evidence | 12.5/20 RS sector — · RS bench 175.1% · 1Y —3 of 3 weeks ahead 25% evidence |
| Exact sum: 16 + 3.6 + 10 + 12.5 = 42.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
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 RBZ Jewellers Ltd's share price today?
RBZ Jewellers Ltd trades at ₹149, +13.0% over the past year. The company is valued at ₹596 Cr. The stock sits at 83% of its 52-week range of ₹110–₹157, +7.7% versus its 200-day average. On the tape, the price is in a downtrend, 71 weeks in. — as of 31 July 2026.
What were RBZ Jewellers Ltd's latest quarterly results?
RBZ Jewellers Ltd reported revenue of ₹189 Cr and net profit of ₹12.0 Cr for the Mar 26 quarter. Revenue rose 38.0% and profit rose 33.3% year on year. Earnings per share were ₹2.92. The operating margin was 11.0%, 0.0 pp higher than a year earlier. — as of 31 July 2026.
What is RBZ Jewellers Ltd's revenue?
RBZ Jewellers Ltd reported revenue of ₹189 Cr in the Mar 26 quarter, +38.0% year on year. For the full FY26 fiscal year, revenue was ₹636 Cr (+20.0%). Over the last 6 years revenue compounded at 23.2% a year. — as of 31 July 2026.
What is RBZ Jewellers Ltd's profit?
RBZ Jewellers Ltd earned ₹12.0 Cr of net profit in the Mar 26 quarter, +33.3% year on year — the 3rd straight quarter of growth. Full-year FY26 profit was ₹55.0 Cr. The operating margin ran 11.0% in the latest quarter. — as of 31 July 2026.
What is RBZ Jewellers Ltd's market cap?
RBZ Jewellers Ltd's market capitalisation is ₹596 Cr at a share price of ₹149. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is RBZ Jewellers Ltd's P/E ratio?
RBZ Jewellers Ltd trades at a P/E of 10.9×, at the 18th percentile of its own 3-year range, against a long-run median of 15.9×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does RBZ Jewellers Ltd pay a dividend?
No — RBZ 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 31 July 2026.
Is RBZ Jewellers Ltd overvalued?
On its own history, RBZ Jewellers Ltd looks cheap against its own history: its P/E of 10.9× has been cheaper only 18% of the time in 3 years (long-run median 15.9×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
Is RBZ Jewellers Ltd growing?
Yes — RBZ Jewellers Ltd is growing: latest-quarter revenue +38.0% year on year, profit +33.3%, and the margin +0.0 pp at 11.0%. The 6-year compound rates are 23.2% (revenue) and 62.4% (profit). The earnings engine currently reads: improving — as of 31 July 2026.
How is RBZ Jewellers Ltd performing?
RBZ Jewellers Ltd is in a downtrend, 71 weeks in. Its latest quarter's revenue rose 38.0% and profit rose 33.3% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 4 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is RBZ Jewellers Ltd in?
Mixed — revenue growth is rising at +38.0% (single-quarter readings) while profit growth is decelerating from its peak at +33.3% (single-quarter readings) — the curves disagree, so the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +38.0% latest, profit growth +33.3% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is RBZ Jewellers Ltd in an uptrend?
No — the price is in a downtrend (week 71 of stage 4), trading +7.7% versus its 200-day average and at 83% 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 31 July 2026.
Is RBZ Jewellers Ltd beating the market?
On recent form, yes — RBZ Jewellers Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 4 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 2.6 years the stock moved +29% against the NIFTY 500's +21% — ahead of the index over the full window. — as of 31 July 2026.
Will RBZ Jewellers Ltd's share price go up?
This page publishes no price forecast for RBZ Jewellers Ltd. What it measures instead: the share price is ₹149, the price is in a downtrend 71 weeks in. Its P/E of 10.9× sits at the 18th percentile of its own 3-year range. — as of 31 July 2026.
Who owns RBZ Jewellers Ltd?
Promoters hold 75.0% of RBZ Jewellers Ltd, foreign institutions 0.0%, domestic institutions 0.0% and the public 25.0% (latest quarter). The biggest move on the register over the last two years: Domestic institutions cut 1.5 points over 8 quarters. — as of 31 July 2026.
Does RBZ Jewellers Ltd have too much debt?
It is moderate — RBZ Jewellers Ltd's debt-to-equity is 0.57, and operating profit covers the interest bill 7×. FY26 borrowings were ₹170 Cr against equity of ₹300 Cr. Read the returns on this page with that leverage in mind — as of 31 July 2026.
What is RBZ Jewellers Ltd's capex?
RBZ Jewellers Ltd spent ₹69.0 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 ₹55.0 Cr, with ₹25.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is RBZ Jewellers Ltd's cash flow?
RBZ Jewellers Ltd generated ₹−7.0 Cr of operating cash flow in FY26 and ₹−62.0 Cr of free cash flow after ₹55.0 Cr of capital spending. Reported profit that year was ₹55.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
Is RBZ Jewellers Ltd's profit real cash?
Not fully — over the last 3 fiscal years, −61% of RBZ Jewellers Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−7.0 Cr against reported profit of ₹55.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 31 July 2026.
Where is RBZ Jewellers Ltd in its business cycle?
RBZ Jewellers Ltd's FY26 operating margin was 14.0%, against a 7-year band of 6.0%–19.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 11.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the RBZ Jewellers Ltd story?
The sharpest disagreement: profits are rising, but only −61% 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 31 July 2026.
Is RBZ Jewellers Ltd a stock worth studying right now?
This is not investment advice. The machine read: RBZ Jewellers Ltd's earnings have outrun its stock. EPS grew +41.2% in a year against a +13.0% 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 31 July 2026.