Utssav CZ Gold Jewels share price today

Utssav CZ Gold Jewels Ltd's share price was ₹814.35 at the close on 4 November 2026. It has been rising for 25 weeks. That is 68.5% above its average price over the last 200 trading days. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 36 weeks in a row.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Utssav CZ Gold Jewels Ltd is in stage 2. The phase helps read everything below.

In the last 52 weeks it traded between ₹189 and ₹1,014, and at that close it sat 76% of the way up from that low.

Over the last 2.2 years the share price moved +539% while the NIFTY 500 moved −3%, so it is ahead of 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.

2. Revenue up on a year earlier for 4 quarters in a row (every quarter we can compare)

   In the March 2026 quarter revenue was ₹679 crore, +87.6% on a year earlier.

   Why: Revenue rose because more jewellery was sold across India and the company won 112 new retail clients, including chains with several stores.

   Next results: check how many new clients were added in the first quarter, since management aims for 100 to 200 a year.

   From the earnings call on 25 May 2026.

3. Profit up on a year earlier for 4 quarters in a row (every quarter we can compare)

   In the March 2026 quarter profit was ₹30 crore, +100% on a year earlier.

   Why: Profit rose because higher gold prices gave an extra lift.

   Next results: check whether the profit margin holds, since the new plain gold jewellery line earns less than the CZ core.

   From the earnings call on 25 May 2026.

For January to March 2026 (the quarter ended 31 March 2026), Utssav CZ Gold Jewels reported revenue of ₹679 crore, up 87.6% from ₹362 crore a year earlier, and a profit of ₹30.0 crore, up 100.0% from ₹15.0 crore.

Utssav CZ Gold Jewels results: January to March 2026 against a year earlier

The next results, for April to June 2026, were due by 14 August 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). This page shows them once our weekly data update has read them.

Utssav CZ Gold Jewels' management discussed these results on a call held on 25 May 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 31 March 2026). Revenue and profit in ₹ crore.

Utssav CZ Gold Jewels closed at ₹814.35 on 4 November 2026, up 213.6% from ₹259.70 a year earlier (7 November 2025). Its highest weekly close since August 2024 was ₹1,014.25 on 23 October 2026.

Utssav CZ Gold Jewels share price: then and now

Weekly closing prices. 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.

125 weekly closes from 9 August 2024 to 4 November 2026.

4 Nov 2026: Utssav CZ Gold Jewels closed at ₹814.35, down 12.9% on the week and up 6.2% on the month. 25 May 2026: Utssav CZ Gold Jewels held its results call for January to March 2026. Management guided: FY27 volume growth 35-40%.

Earlier

• Results for January to March 2026: Revenue up 87.6% and profit up 100.0% on a year earlier.

Utssav CZ Gold Jewels has paid no dividend on the NSE since its first NSE close in our records (9 August 2024), the start of the period we checked.

No. Utssav CZ Gold Jewels Ltd paid out 0% of its profit as dividends in each of its last 7 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for January to March 2026, held on 25 May 2026, Utssav CZ Gold Jewels' management guided: FY27 volume growth 35-40%.

“Once our UAE subsidiary starts, our export sales will jump up to 10-20% immediately”Pankaj Jagaghar, Managing Director, on the call for January to March 2026

What management guided

• FY27 revenue growth approximately 60%.
• FY27 profit margin 4-4.5%.
• FY27 operating margin 7-8%.
• Diamond jewelry revenue ₹200+ crore within 2-3 years.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for January to March 2026, 25 May 2026.

Debt denial (₹0 → ₹125 crore), contradictory hedging claim, receivables misstatement, all in one session.

The main risks

• : Debt denial (₹0 → ₹125 crore), contradictory hedging claim, receivables misstatement, all in one session. ✓ fact
• : Deliberate ready-stock gold inventory policy produces negative operating cash flow; management declined to commit to improvement. ✓ fact
• : Held inventory unhedged; 15-20% gold price decline compresses revenue base and absolute gross profit. ✓ fact
• : 50% revenue from top-10 clients; no commitment to reduce concentration despite analyst pressure. ✓ fact

Our read after the latest results, written 31 May 2026.

When Utssav CZ Gold Jewels reports April to June 2026, these are the 4 checks that show whether the story is still on course. First: New client onboarding pace April to June 2026: management goals 100-200 new clients annually versus H1-implied ~56 per quarter average; Q1 adds fewer than 20 clients would signal deceleration misaligning with growth guidance.

Utssav CZ Gold Jewels is on 2 of our India lists: Momentum stocks and Gold & silver stocks.

Utssav CZ Gold Jewels Ltd earned ₹30.0 Cr of net profit in the Mar 2026 quarter, +100.0% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹59.0 Cr. Over 6 years profit has grown 75.8% a year on average. That is 4.4% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹6.0 Cr.

For the full year, FY26 profit was ₹59.0 Cr (+136.0% on the year before).

Why profit moved: revenue changed +87.6% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +120.7% and revenue +83.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Utssav CZ Gold Jewels Ltd reported ₹679 Cr of revenue in the Mar 2026 quarter, +87.6% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 6 years it has grown 46.5% a year on average. The last full year, FY26, came in at ₹1,155 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹1,155 Cr, +78.8% on the year before.

Recent pace: the last four quarters grew +83.4% on average, against 46.5% a year over the longer run, so this year is growing faster than its own long-run rate.

Utssav CZ Gold Jewels Ltd's operating margin was 7.0% in the Mar 2026 quarter, about the same as the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 7 years it has been between 2.9% and 8.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed +0.0 percentage points on the year while gross margin changed +2.3 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.

Over the last 3 years Utssav CZ Gold Jewels Ltd's operations used more cash than they brought in, so cash conversion was −147%, a gap worth watching. In FY26 its operations used ₹61.0 Cr of cash, against ₹59.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹2.0 Cr of spending on assets, free cash was −₹63.0 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 −147% of profit came in as cash: the cash cycle got 12 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 12 days longer. The next section looks at where the cash is stuck.

Utssav CZ Gold Jewels Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 108 days in FY26, up from 96 days in FY21. It spent ₹2.0 Cr on assets over the last 3 years. Customers take 54 days to pay, and stock sits for 55 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,155 Cr, each day of that cycle ties up about ₹3.2 Cr, so roughly ₹342 Cr is tied up in the business at any time.

FY26: customers took 54 days to pay and stock sat for 55 days, about 1.8 months of sales sitting as stock, for a full cycle of 108 days, longer than FY21's 96.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 55 days. Customers pay about 54 days after that. Suppliers are paid at 0 days. Together that makes the 108-day cycle.

Spending on assets: ₹2.0 Cr over the last 3 years, against ₹3.0 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: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Utssav CZ Gold Jewels Ltd's P/E is 34.5×, near the high end of its own history: higher than 75% of past readings. Its usual P/E (the middle reading) is 21.1×, over 2.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +132.5% while the price moved +213.6%. The price did better than earnings, which pushed the multiple up within its own range.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Utssav CZ Gold Jewels 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 4 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

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.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Utssav CZ Gold Jewels Ltd earned a ROCE of 29% in FY26. That is up from a low of 10% in FY21. Its return on capital used (ROIC) is 8.0 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 5.1% net margin and 2.83× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 5.1% net margin × 2.83× asset turnover × 2.06× leverage (assets divided by equity) ≈ 29.7% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 20.0% − 12.0% = +8.0 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. A gap this wide means each rupee put back into the business creates more than a rupee of value.

The 20.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 24.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Utssav CZ Gold Jewels Ltd has total debt of ₹186 Cr against shareholder equity of ₹198 Cr as of Mar 2026, so its debt is 0.94× its equity. Year by year, that ratio went from 2.09 in FY24 to 0.94 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Foreign institutions cut their stake in Utssav CZ Gold Jewels Ltd by 3.0 percentage points over 5 quarters, the biggest change among its owners. Foreign institutions now own 0.0% of the company. Promoters moved +2.0 points over the same period, to 72.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: −3.0 points over 5 quarters, to 0.0%; Promoters: +2.0 points over 5 quarters, to 72.5%; Domestic institutions: −1.6 points over 5 quarters, to 0.0%.

Why the owners changed: foreign institutions drove it (−3.0 points), with the other side taken by promoters (+2.0 points). They reduced their stake.

For Utssav CZ Gold Jewels Ltd, the Z-score is 6.18. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 6.18 is well clear of the danger zone, so the balance sheet is not the risk here.

63.7 out of 100, rank 24 of 28 in Diamond, Gems & Jewellery, with 47% of the evidence available. It is provisional, so it is ranked below companies with full evidence.

Utssav CZ Gold Jewels Ltd scores 63.7 out of 100 against the 28 companies it is compared with in Diamond, Gems & Jewellery, ranking 24. Some evidence is missing, so the score is pulled toward the middle on purpose.

The four parts add up to the total exactly: 18.9 + 16.4 + 8.9 + 19.5 = 63.7. 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.

Utssav CZ Gold Jewels ranks 24 of 28 Diamond, Gems & Jewellery companies on the 4-Factor Sector Score, with 63.7 out of 100.

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, all 28 compared on one page.

Utssav CZ Gold Jewels is the 14th largest of 27 Diamond, Gems & Jewellery companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Shringar House of Mangalsutra, Vaibhav Global and Rajesh Exports. Just below it: Shanti Gold International, PNGS Reva Diamond Jewellery and Khazanchi Jewellers.

Diamond, Gems & Jewellery companies close in size

11. Shringar House of Mangalsutra Ltd ₹2,638 crore
12. Vaibhav Global Ltd ₹2,633 crore
13. Rajesh Exports Ltd ₹2,412 crore
14. Utssav CZ Gold Jewels Ltd ₹2,337 crore
15. Shanti Gold International Ltd ₹2,266 crore
16. PNGS Reva Diamond Jewellery Limited ₹1,975 crore
17. Khazanchi Jewellers Ltd ₹1,786 crore

All 27 Diamond, Gems & Jewellery companies, largest first

Companies close in size in other industries

1158. Oriana Power Ltd ₹2,344 crore · Solar EPC
1159. Fredun Pharmaceuticals Ltd ₹2,341 crore · Pharma - Formulators
1160. Utssav CZ Gold Jewels Ltd ₹2,337 crore
1161. M M Forgings Ltd ₹2,332 crore · Castings, Forgings & Fastners
1162. Veedol Corporation Ltd ₹2,328 crore · Lubricants

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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