PC Jeweller share price
NSE: PCJEWELLERBSE: 534809Consumer DurablesSmall Cap
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
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹15,496 Cr664th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 17.29
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.67
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 10.8%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 9.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.03
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 62,99,22,12521.2% 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
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. Annual report, 7 Sep 2026, page 73
- 2. Annual report, 7 Sep 2026, page 30
- 3. Annual report, 7 Sep 2026, page 10
- 4. Investor presentation, 21 Oct 2026, page 17
- 5. Annual report, 7 Sep 2026, page 139
- 6. Investor presentation, 21 Oct 2026, page 17
- 7. Investor presentation, 21 Oct 2026, page 18
- 8. Annual report, 7 Sep 2026, page 159
- 9. Annual report, 7 Sep 2026, page 1
- 10. Annual report, 7 Sep 2026, page 12
- 11. Annual report, 7 Sep 2026, page 159
- 12. Annual report, 7 Sep 2026, page 12
- 13. Exchange filing, 24 Sep 2026, page 1
- 14. Exchange filing, 24 Sep 2026, page 2
- 15. Investor presentation, 21 Oct 2026, page 11
- 16. Investor presentation, 21 Oct 2026, page 11
- 17. Investor presentation, 21 Oct 2026, page 11
- 18. Annual report, 7 Sep 2026, page 203
- 19. Annual report, 7 Sep 2026, page 208
- 20. Investor presentation, 21 Oct 2026, page 16
- 21. Annual report, 7 Sep 2026, page 29
- 22. Annual report, 7 Sep 2026, page 67
- 23. Annual report, 7 Sep 2026, page 38
- 24. Annual report, 7 Sep 2026, page 10
- 25. Investor presentation, 21 Oct 2026, page 16
- 26. Annual report, 7 Sep 2026, page 73
- 27. Annual report, 7 Sep 2026, page 30
- 28. Annual report, 7 Sep 2026, page 140
- 29. Investor presentation, 21 Oct 2026, page 2
- 30. Annual report, 7 Sep 2026, page 143
- 31. Annual report, 7 Sep 2026, page 208
- 32. Exchange filing, 21 Oct 2026, page 4
- 33. Investor presentation, 21 Oct 2026, page 3
- 34. Investor presentation, 21 Oct 2026, page 3
- 35. Investor presentation, 21 Oct 2026, page 9
- 36. Investor presentation, 21 Oct 2026, page 10
- 37. Investor presentation, 21 Oct 2026, page 2
- 38. Exchange filing, 8 Oct 2026, page 1
- 39. Exchange filing, 25 Sep 2026, page 1
- 40. Investor presentation, 21 Oct 2026, page 2
- 41. Exchange filing, 7 Oct 2026, page 1
- 42. Annual report, 7 Sep 2026, page 13
- 43. Annual report, 7 Sep 2026, page 60
Results
Consolidated; ₹ crore.PC Jeweller quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +29.3%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +45.9%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,054 Crup 20.23%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹331 Crup 49.03%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 31.4%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 639 | 699 | 725 | 825 | 875 | 927 | 877 | 1,054 |
| Net profit | 148 | 95 | 162 | 210 | 190 | 153 | 222 | 331 |
| Net margin | 23.1% | 13.6% | 22.3% | 25.4% | 21.7% | 16.5% | 25.3% | 31.4% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹3,353 Crup 49.38%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹714 Crup 23.67%
- Net margin
- 21.3%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8,480what Revenue, Mar 2017, includes. This period's revenue includes excise duty of ₹5.14 crore, a tax on the goods the company makes that it collects and pays to the government. | 9,615what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹3.47 crore, a tax on the goods the company makes that it collects and pays to the government. | 8,680 | 5,207 | 2,826 | 1,606 | 2,473 | 605 | 2,245 | 3,353 |
| Net profit | 421 | 536 | 1 | 83 | 62 | −391 | −203 | −629 | 578 | 714 |
| Net margin | 5.0% | 5.6% | 0.0% | 1.6% | 2.2% | −24.3% | −8.2% | −104.0% | 25.7% | 21.3% |
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
At or below today's level on 92% of 247 trading days over the last year.
At or below today's level on 92% of 869 trading days over the last 5 years.
At or below today's level on 74% of 2,478 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend 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% |
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.
- AddedAdded. Funds that held more shares than at the end of the month before.
- 2
- CutCut. Funds that held fewer shares than at the end of the month before.
- 5
| Fund | |||
|---|---|---|---|
| 1,23,16,650 | 0.67% | ₹16.3 Cr | |
| 80,509 | 0.03% | ₹0.11 Cr | |
| 13,416 | 0.03% | ₹0.02 Cr | |
| 13,445 | 0.03% | ₹0.02 Cr | |
| 11,058 | 0.03% | ₹0.01 Cr | |
| 9,581 | 0.03% | ₹0.01 Cr | |
| 9,364 | 0.03% | ₹0.01 Cr |
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
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
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 3,85,113 | 66.86 | 24.52 | +45.1% | +55.1% | 42.2% | 31.5% | 0.35% | |
| 52,670 | 36.70 | 8.35 | +45.7% | +79.1% | 25.8% | 31.8% | 0.49% | |
| 19,461 | – | – | – | – | – | – | 0.00% | |
| 14,548 | 37.20 | 10.27 | +83.1% | +262.5% | 31.1% | 25.7% | 0.38% | |
| 13,293 | 33.58 | 9.46 | +73.0% | – | 32.4% | 24.8% | 0.00% | |
| 11,158 | 106.44 | 6.08 | – | – | 6.0% | 9.6% | 0.00% | |
| 8,419 | 18.89 | – | +47.8% | +76.8% | 25.3% | 17.1% | 0.00% | |
| 6,570 | 62.96 | 4.42 | +30.4% | +12.8% | 8.4% | 7.6% | 0.00% |
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
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 19 Sep 2018 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.50 |
| 21 Jun 2017 | Final | ₹1.00 |
| 9 Sep 2016 | Final | ₹3.35 |
| 10 Sep 2015 | Final | ₹3.20 |
| 4 Sep 2014 | Final | ₹1.50 |
| 30 Jan 2014 | Interim | ₹1.50 |
Latest announcements
Routine notices left out.PC Jeweller announcements
Oct 2026
21 Oct · Business
21 Oct · Results
14 Oct · Board meeting
8 Oct · Disclosure of material issue
7 Oct · Disclosure of material issue
PC Jeweller share price by year
Each calendar year to 2025.PC Jeweller share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 9.53 | −39.9% | 18.73 | 8.82 |
| 2024 | 15.87 | +239.8% | 19.19 | 4.63 |
| 2023 | 4.67 | −44.0% | 8.45 | 2.24 |
| 2022 | 8.34 | +209.5% | 10.39 | 1.89 |
| 2021 | 2.70 | +6.3% | 3.17 | 2.03 |
| 2020 | 2.54 | +4.1% | 2.59 | 0.81 |
| 2019 | 2.44 | −71.8% | 14.60 | 2.15 |
| 2018 | 8.62 | −81.1% | 58.74 | 4.84 |
| 2017 | 45.68 | +130.7% | 46.32 | 18.53 |
| 2016 | 19.80 | +1.5% | 26.00 | 16.04 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 16.47 | 17.09 | 16.08 | 16.65 | 16.68 | 93,12,44,975 | 13.2% |
| 26 Oct 2026 | 17.90 | 18.63 | 16.25 | 16.51 | 17.39 | 1,13,69,43,056 | 18.8% |
| 23 Oct 2026 | 17.95 | 18.39 | 17.08 | 18.04 | 17.74 | 1,24,71,47,101 | 19.2% |
| 22 Oct 2026 | 19.99 | 20.10 | 17.70 | 18.07 | 18.82 | 1,94,95,31,541 | 16.5% |
| 21 Oct 2026 | 18.75 | 19.13 | 17.44 | 18.51 | 18.39 | 1,46,08,03,603 | 16.9% |
| 19 Oct 2026 | 16.91 | 18.65 | 16.91 | 18.13 | 18.04 | 1,69,80,22,472 | 18.2% |
| 16 Oct 2026 | 15.06 | 17.15 | 15.06 | 16.28 | 16.28 | 1,85,42,00,053 | 23.4% |
| 15 Oct 2026 | 14.51 | 14.73 | 14.13 | 14.45 | 14.42 | 48,16,61,644 | 27.1% |
| 14 Oct 2026 | 14.10 | 14.56 | 13.85 | 14.47 | 14.20 | 41,30,69,436 | 23.0% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 16 Dec 2024 | Split | 0.1000 | Each share became 10. |
| 2 Nov 2018 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
| 16 Jul 2018 | Price 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 2018 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
| 4 May 2018 | Price 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 2018 | Price 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 2018 | Price 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 2018 | Price 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 2017 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
Company details
- NSE symbol
- PCJEWELLER
- BSE code
- 534809
- ISIN
- INE785M01021
- Industry
- Consumer Durables
- Website
- www.pcjewellers.com
- 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