PC Jeweller logo

PC Jeweller share price

NSE: PCJEWELLERBSE: 534809Consumer DurablesSmall Cap

PC Jeweller Limited · Face value ₹1 · Listed Dec 2012
Last close ₹15.80down ₹0.85 (5.11%)BSE ₹15.81

Share price at the NSE close on 28 Oct 2026. Previous close ₹16.65.

28 Oct: open ₹16.70, high ₹16.79, low ₹15.70

52-week range of traded prices to 28 Oct 2026
₹7.47Low, 30 Mar 2026₹20.10High, 22 Oct 2026
Market cap
₹15,496 Cr664th largest listed
P/E
17.29
P/B
1.67
Dividend yield
Nonein the last 12 months
ROE
10.8%
ROCE
9.4%
Debt to equity
0.03
Volume, NSE
62,99,22,12521.2% delivered

PC Jeweller share price chart

Daily closes since Dec 2012, adjusted for splits and bonuses

+37.2%over a year · Nifty Microcap 250 +2.3% · Nifty 500 −8.8%

Results20-session average 79,59,88,602 shares a day, 22.1% delivered

About PC Jeweller

PC Jeweller Limited makes and sells gold, diamond and studded jewellery and silver articles in India under the PC Jeweller brand.1 It sells mainly to retail customers through its own and franchisee showrooms and online.2 Its range runs from the value market to high-end customised jewellery, in traditional and contemporary designs for bridal, occasion and everyday wear.34

PC Jeweller reports a single jewellery business, with no separate reporting segments.5 Its products include rings, earrings, necklaces, bangles, bracelets, nose pins and mangalsutras, and its collections include Wedding Collection, Men's Collection, Dashavatar, Anant and Folia Amoris.6 It sends high-turnover products to its mass-market showrooms and premium products to its high-street showrooms.7

PC Jeweller Limited was incorporated on 13 Apr 2005 and has its registered office in Karol Bagh, New Delhi.89 Its subsidiaries include PC Jeweller Global FZCO, a jewellery trader incorporated in Dubai, and Luxury Products Trendsetter Private Limited, which makes and trades jewellery.10 Its holding in PCJ Gems & Jewellery Limited, which is authorised to make and trade jewellery, fell to 51.02% on 28 Mar 2026.1112 Balram Garg is a promoter and the managing director; the promoter and promoter group held 39.10% of the shares in September 2026.1314

PC Jeweller key points

Results

  • In the quarter to Sep 2026, consolidated revenue rose 28% to ₹1,054 crore from ₹825 crore. Operating EBITDA (earnings before interest, tax, depreciation and amortisation, excluding other income, as the company presents it) rose 74% to ₹310 crore from ₹178 crore.15
  • In the quarter to Sep 2026, consolidated operating profit after tax, which the company presents excluding other income, rose 107% to ₹299 crore from ₹144 crore.16
  • In the half year to Sep 2026, consolidated revenue rose 25% to ₹1,932 crore from ₹1,550 crore, and consolidated operating EBITDA rose 81% to ₹551 crore from ₹305 crore.17
  • In the year to Mar 2026, consolidated revenue was ₹3,352.88 crore, against ₹2,244.60 crore a year earlier, and consolidated net profit was ₹714.46 crore. Consolidated operating EBITDA, excluding other income, was ₹671 crore.181920

Plants and capacity

  • PC Jeweller has 4 manufacturing units, all in Noida, Uttar Pradesh, including units in the Noida Special Economic Zone.2122
  • In the year to Mar 2026, recycled jewellery from customer buy-back and exchange met more than 60% of PC Jeweller's raw material needs by value; it buys primary gold bars from government-approved refiners certified by the Bureau of Indian Standards (BIS).23

Branches and reach

  • At 31 Mar 2026, PC Jeweller had 52 showrooms in 37 cities across India, 4 of them franchisee showrooms.24
  • PC Jeweller's showrooms cover 13 states and union territories, and its total retail area was 2.05 lakh square feet in September 2026.25

Export receivables

  • PC Jeweller had no export revenue in the year to Mar 2026; all its revenue came from the domestic market.2627
  • On a standalone basis, PC Jeweller's export receivables (money owed by overseas buyers) were ₹1,467.53 crore at 31 Mar 2026 at their original value, before currency restatement, and carry an expected credit loss provision (an allowance for amounts that may not be recovered).28
  • In the quarter to Sep 2026, PC Jeweller received about ₹142 crore from its export debtors, which it describes as the start of recovering these long-pending receivables.29
  • The auditors qualified (gave with reservations) their opinion on standalone and consolidated accounts for the year to Mar 2026 over unapproved export discounts and credit loss provisions. Their limited review of the quarter to Sep 2026's standalone results noted further discount approvals and was unmodified.303132

Expansion and capital spending

  • In its presentation of 21 Oct 2026, the company said it plans to open up to 100 large-format showrooms, its own and franchised, across Tier I, Tier II and Tier III cities over the next 12 to 18 months.33
  • In its presentation of 21 Oct 2026, the company said it has signed memoranda of understanding with the National Skill Development Corporation and Uttar Pradesh's CM YUVA scheme to onboard up to 2,00,000 and 1,000 franchise partners respectively in rural and semi-urban markets.34
  • In its presentation of 21 Oct 2026, the company said it plans a new brand of lightweight and lab-grown diamond jewellery (diamonds made in a factory rather than mined) for younger buyers, and expects that business to start in the year to Mar 2027.35
  • In its presentation of 21 Oct 2026, the company said PCJ Mining SARL, a subsidiary of one of its subsidiaries licensed for semi-mechanised artisanal (small-scale) gold mining in Chad, had begun on-site development and expects production to start in the year to Mar 2027.36

What the company expects

  • In its presentation of 21 Oct 2026, the company said it expects interest costs to fall from the second half of the year to Mar 2027, and expects its net profit to benefit.37

Recent events

  • On 8 Oct 2026, PC Jeweller said all its mortgaged assets had been released and the charges, securities and guarantees given to its 14 consortium banks, including personal and corporate guarantees, also stood released.38
  • On 25 Sep 2026, PC Jeweller repaid the last of its debt to its 14 consortium banks (banks that lent to it jointly) under a settlement agreement of 30 Sep 2024, ahead of the scheduled dates, and now has no bank borrowings.3940
  • On 24 Sep 2026, PC Jeweller completed raising up to ₹500 crore through a preferential issue (a sale of shares and warrants to selected buyers) when Balram Garg converted the last of his warrants (rights to buy shares at a set price) into shares.41
  • On 16 Jul 2026, the board approved raising up to ₹1,000 crore through a qualified institutions placement (a share sale to large institutional investors), subject to a shareholder postal ballot that closed on 23 Aug 2026; the company's documents give no outcome.4243

Last updated

All 43 sources, each with its page
  1. 1. Annual report, 7 Sep 2026, page 73
  2. 2. Annual report, 7 Sep 2026, page 30
  3. 3. Annual report, 7 Sep 2026, page 10
  4. 4. Investor presentation, 21 Oct 2026, page 17
  5. 5. Annual report, 7 Sep 2026, page 139
  6. 6. Investor presentation, 21 Oct 2026, page 17
  7. 7. Investor presentation, 21 Oct 2026, page 18
  8. 8. Annual report, 7 Sep 2026, page 159
  9. 9. Annual report, 7 Sep 2026, page 1
  10. 10. Annual report, 7 Sep 2026, page 12
  11. 11. Annual report, 7 Sep 2026, page 159
  12. 12. Annual report, 7 Sep 2026, page 12
  13. 13. Exchange filing, 24 Sep 2026, page 1
  14. 14. Exchange filing, 24 Sep 2026, page 2
  15. 15. Investor presentation, 21 Oct 2026, page 11
  16. 16. Investor presentation, 21 Oct 2026, page 11
  17. 17. Investor presentation, 21 Oct 2026, page 11
  18. 18. Annual report, 7 Sep 2026, page 203
  19. 19. Annual report, 7 Sep 2026, page 208
  20. 20. Investor presentation, 21 Oct 2026, page 16
  21. 21. Annual report, 7 Sep 2026, page 29
  22. 22. Annual report, 7 Sep 2026, page 67
  23. 23. Annual report, 7 Sep 2026, page 38
  24. 24. Annual report, 7 Sep 2026, page 10
  25. 25. Investor presentation, 21 Oct 2026, page 16
  26. 26. Annual report, 7 Sep 2026, page 73
  27. 27. Annual report, 7 Sep 2026, page 30
  28. 28. Annual report, 7 Sep 2026, page 140
  29. 29. Investor presentation, 21 Oct 2026, page 2
  30. 30. Annual report, 7 Sep 2026, page 143
  31. 31. Annual report, 7 Sep 2026, page 208
  32. 32. Exchange filing, 21 Oct 2026, page 4
  33. 33. Investor presentation, 21 Oct 2026, page 3
  34. 34. Investor presentation, 21 Oct 2026, page 3
  35. 35. Investor presentation, 21 Oct 2026, page 9
  36. 36. Investor presentation, 21 Oct 2026, page 10
  37. 37. Investor presentation, 21 Oct 2026, page 2
  38. 38. Exchange filing, 8 Oct 2026, page 1
  39. 39. Exchange filing, 25 Sep 2026, page 1
  40. 40. Investor presentation, 21 Oct 2026, page 2
  41. 41. Exchange filing, 7 Oct 2026, page 1
  42. 42. Annual report, 7 Sep 2026, page 13
  43. 43. Annual report, 7 Sep 2026, page 60

Results

Consolidated; ₹ crore.PC Jeweller quarterly results

Revenue growth, 12 months
+29.3%
Net profit growth, 12 months
+45.9%

Quarter to Sep 2026, against the quarter before

Revenue
₹1,054 Crup 20.23%
Net profit
₹331 Crup 49.03%
Net margin
31.4%

Revenue by quarter

₹639 CrDec 24₹699 CrMar 25₹725 CrJun 25₹825 CrSep 25₹875 CrDec 25₹927 CrMar 26₹877 CrJun 26₹1,054 CrSep 26
Peak revenue ₹1,054 Cr, quarter to Sep 2026; lowest ₹639 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹148 CrDec 24₹95 CrMar 25₹162 CrJun 25₹210 CrSep 25₹190 CrDec 25₹153 CrMar 26₹222 CrJun 26₹331 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue6396997258258759278771,054
Net profit14895162210190153222331
Net margin23.1%13.6%22.3%25.4%21.7%16.5%25.3%31.4%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, Jewellery, which carries all its revenue.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.PC Jeweller PE ratio and valuation

Price to earnings

At or below today's level on 92% of 247 trading days over the last year.

LowestHighest
Its median12.56Industry median17.98
Price to book

At or below today's level on 92% of 869 trading days over the last 5 years.

LowestHighest
Its median0.70Industry median1.71
Dividend yield

At or below today's level on 74% of 2,478 trading days over the last 10 years.

LowestHighest
Its median0.00%Industry median0.44%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−42.0%−9.1%−36.2%0.0%
3 years+41.4%––0.0%
5 years+22.8%+44.0%−14.7%0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 1, 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.PC Jeweller shareholding pattern

Shareholding by group

  • Promoters39.10%
  • Foreign institutions10.57%
  • Indian institutions3.78%
  • Individuals and others46.54%
Holder
BALRAM GARGPromoter21.82%
Ebisu Global Opportunities Fund LimitedForeign portfolio investors, category I5.15%
NEW TRACK GARMENTS PRIVATE LIMITEDPromoter5.10%
KRISHNA DEVIPromoter4.94%
POOJA GARGPromoter3.63%
BALRAM GARG (HUF)Promoter3.58%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters +0.61 pts, foreign institutions −1.58 pts, Indian institutions −0.54 pts, mutual funds +0.03 pts.

The filing reports 2,59,57,66,022 of its 9,80,77,57,077 shares locked in.

Mutual fund holdings

7 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 7 of the 7 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.

Added
2
Cut
5
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.PC Jeweller insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade · 1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

PC Jeweller competitors and peers

Gems, Jewellery And Watches, 104 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to PC Jeweller in market cap.Consumer durables companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Titan Company logoTitan CompanyTITAN3,85,11366.8624.52+45.1%+55.1%42.2%31.5%0.35%
Kalyan Jewellers India logoKalyan Jewellers IndiaKALYANKJIL52,67036.708.35+45.7%+79.1%25.8%31.8%0.49%
Lalithaa Jewellery Mart logoLalithaa Jewellery MartLALITHAA19,461––––––0.00%
Thangamayil Jewellery logoThangamayil JewelleryTHANGAMAYL14,54837.2010.27+83.1%+262.5%31.1%25.7%0.38%
Sky Gold and Diamonds logoSky Gold and DiamondsSKYGOLD13,29333.589.46+73.0%–32.4%24.8%0.00%
BlueStone Jewellery and Lifestyle logoBlueStone Jewellery and LifestyleBLUESTONE11,158106.446.08––6.0%9.6%0.00%
P N Gadgil Jewellers logoP N Gadgil JewellersPNGJL8,41918.89–+47.8%+76.8%25.3%17.1%0.00%
Ethos logoEthosETHOSLTD6,57062.964.42+30.4%+12.8%8.4%7.6%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.PC Jeweller dividend history

Dividend per share, ₹, restated for later splits and bonuses

0.1Mar 170.1Mar 18Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Highest ₹0.05 a share, years to Mar 2017 and Mar 2018.
Ex-dateTypePer share
19 Sep 2018Final₹0.50
21 Jun 2017Final₹1.00
9 Sep 2016Final₹3.35
10 Sep 2015Final₹3.20
4 Sep 2014Final₹1.50
30 Jan 2014Interim₹1.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.PC Jeweller announcements

PC Jeweller share price by year

Each calendar year to 2025.PC Jeweller share price history

YearClose at year endChangeHighest closeLowest close
20259.53−39.9%18.738.82
202415.87+239.8%19.194.63
20234.67−44.0%8.452.24
20228.34+209.5%10.391.89
20212.70+6.3%3.172.03
20202.54+4.1%2.590.81
20192.44−71.8%14.602.15
20188.62−81.1%58.744.84
201745.68+130.7%46.3218.53
201619.80+1.5%26.0016.04
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 202616.4717.0916.0816.6516.6893,12,44,97513.2%
26 Oct 202617.9018.6316.2516.5117.391,13,69,43,05618.8%
23 Oct 202617.9518.3917.0818.0417.741,24,71,47,10119.2%
22 Oct 202619.9920.1017.7018.0718.821,94,95,31,54116.5%
21 Oct 202618.7519.1317.4418.5118.391,46,08,03,60316.9%
19 Oct 202616.9118.6516.9118.1318.041,69,80,22,47218.2%
16 Oct 202615.0617.1515.0616.2816.281,85,42,00,05323.4%
15 Oct 202614.5114.7314.1314.4514.4248,16,61,64427.1%
14 Oct 202614.1014.5613.8514.4714.2041,30,69,43623.0%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
16 Dec 2024Split0.1000Each share became 10.
2 Nov 2018Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
16 Jul 2018Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
7 May 2018Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
4 May 2018Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
2 May 2018Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
27 Apr 2018Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
2 Feb 2018Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
6 Jul 2017Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson and managing director
Balram Garg
At the end of the quarter to Sep 2026
NSE symbol
PCJEWELLER
BSE code
534809
ISIN
INE785M01021
Industry
Consumer Durables
CIN
L36911DL2005PLC134929
Corporate identity number, the registrar of companies' code for it
Incorporated
2005
Registered office
C - 54, Preet Vihar, Vikas Marg, New Delhi 110092, Delhi
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments