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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of PC Jeweller Ltd

About the Company - PC Jeweller Ltd

PC Jeweller Ltd. is a Public Limited Listed company incorporated on 13/04/2005 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L36911DL2005PLC134929 and registration number is 134929. Currently Company is involved in the business activities of Manufacture of jewellery and related articles. Company’s Total Operating Revenue is Rs. 1574.05 Cr. and Equity Capital is Rs. 465.40 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Diamond Cutting/Precious Metals/JewelleryC - 54, Preet Vihar, Vikas Marg, New Delhi Delhi 110092investors@pcjeweller.com
http://www.pcjeweller.com
Management
NamePosition Held
Mr. Balram GargManaging Director
Mr. Ramesh Kumar SharmaExecutive Director
Mrs. Sannovanda Machaiah SwathiIndependent Director
Dr. Manohar Lal SinglaIndependent Director
Mr. Krishan Kumar KhuranaIndependent Director
Mr. Miyar Ramanath NayakIndependent Director
Mr. Suresh Kumar JainIndependent Director

PC Jeweller Ltd. Share Price Update

Share PriceValue
Today₹52.30
Previous Day₹54.05

Basic Stock Data of PC Jeweller Ltd

Market Cap 2,516 Cr.
Current Price 54.0
High / Low65.5/23.3
Stock P/E
Book Value 69.8
Dividend Yield0.00 %
ROCE5.33 %
ROE5.36 %
Face Value 10.0

Data Source: screener.in

Competitors of PC Jeweller Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Thangamayil Jewellery Ltd 3,586 Cr. 1,3071,550/48828.4 1630.45 %16.8 %22.4 % 10.0
Penta Gold Ltd 11.6 Cr. 9.1537.8/7.60 23.10.00 %1.27 %21.2 % 10.0
Titan Company Ltd 3,23,500 Cr. 3,6443,887/2,32093.8 1400.28 %25.1 %30.8 % 1.00
Parshva Enterprises Ltd 201 Cr. 200240/144743 10.60.00 %3.62 %2.12 % 10.0
Renaissance Global Ltd 1,330 Cr. 138146/80.018.4 1120.00 %9.02 %9.06 % 2.00
Industry Average65,725.72 Cr1,059.63176.7289.740.15%11.16%17.12%6.60

Thangamayil Jewellery Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales4301,46786824756061118954789885417368449
Expenses3761,240740228520575379463750818205111503
Operating Profit54227128184036-1908514736-32-43-54
OPM %13%15%15%7%7%6%-101%15%16%4%-18%-64%-12%
Other Income-83315-323976612910545
Interest103999593108123114122122125124125124
Depreciation9987777777775
Profit before tax-6612228-67-78-91-2733379-67-152-170-137
Tax %18%-6%-115%2%-1%19%37%-129%-9%9%-98%-1%-1%
Net Profit-5413060-66-79-74-1737486-61-302-172-138
EPS in Rs-1.363.281.28-1.41-1.70-1.58-3.721.601.85-1.31-6.50-3.69-2.97

PC Jeweller Ltd Quarterly Chart

Thangamayil Jewellery Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,0383,9905,3256,3617,3018,4649,6108,6725,2062,8251,6052,4721,545
Expenses2,7073,5074,7265,6316,5437,6998,6208,3744,7492,4101,6962,2161,637
Operating Profit332482599730758765990298457415-91256-92
OPM %11%12%11%11%10%9%10%3%9%15%-6%10%-6%
Other Income172036595097927780245316388
Interest77127153227251286324354374396442499497
Depreciation7101223232221193735282725
Profit before tax26536546954053455473721258-508-108-527
Tax %13%20%24%30%25%24%27%70%34%-694%23%-88%
Net Profit23129135637839842153618362-391-203-673
EPS in Rs8.628.129.9510.5611.1211.7513.580.022.101.33-8.40-4.37-14.47
Dividend Payout %0%6%15%15%15%4%4%0%0%0%0%0%

PC Jeweller Ltd Profit & Loss Yearly Chart

PC Jeweller Ltd Growth

Compounded Sales Growth
10 Years:-5%
5 Years:-24%
3 Years:-22%
TTM:-71%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-999%
Stock Price CAGR
10 Years:1%
5 Years:-5%
3 Years:23%
1 Year:140%
Return on Equity
10 Years:5%
5 Years:-3%
3 Years:-4%
Last Year:-5%

Thangamayil Jewellery Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital134179179179179179394395395465465465465
Reserves4211,2101,5031,8112,2303,1733,4873,5263,6083,8043,4233,2252,783
Preference Capital0000001300000
Borrowings5782331,0046829708031,1022,1212,4292,4143,3913,7363,911
Other Liabilities9641,8131,5462,0522,3713,2424,0011,6081,4651,214266209193
Total Liabilities2,0973,4354,2334,7245,7517,3978,9847,6497,8977,8987,5457,6367,352
Fixed Assets666384909188937416913912111579
CWIP1110001110011
Investments04431851389198815322
Other Assets2,0312,9293,9634,6215,6527,2998,8727,5667,7207,7447,4217,5187,269
Total Assets2,0973,4354,2334,7245,7517,3978,9847,6497,8977,8987,5457,6367,352

PC Jeweller Ltd Reserves and Borrowings Chart

PC Jeweller Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -337520-78633316794358-1,9317691-719100
Cash from Investing Activity -30-592246213-25-530-378978389411530
Cash from Financing Activity 359141571-5651647-4652-170-156570-111
Net Cash Flow-86831-197312-24-302-5730-3419

Thangamayil Jewellery Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days82624345496670841321856563
Inventory Days1701861942192252062322274349541,4651,012
Days Payable124176105123126147160578715043
Cash Conversion Cycle129711321401471251422534799881,5261,072
Working Capital Days111691361261421141212344178081,307896
ROCE %36%29%28%26%22%23%7%8%6%-1%5%

PC Jeweller Ltd Financial Efficiency Indicators Chart

PC Jeweller Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters54.53%54.53%54.53%54.53%54.53%54.53%54.53%54.53%54.53%54.53%54.53%54.53%
FIIs0.51%0.59%0.79%0.80%0.99%1.12%1.41%2.15%1.65%1.04%0.84%0.78%
DIIs1.49%1.50%1.49%1.49%1.49%1.49%1.49%1.45%1.45%1.45%1.49%1.45%
Public43.47%43.38%43.19%43.17%42.97%42.85%42.56%41.87%42.36%42.98%43.15%43.24%
No. of Shareholders2,21,0312,23,7762,18,7692,19,3322,16,6192,06,8111,87,3831,72,8811,93,1852,01,2462,25,9162,30,352

PC Jeweller Ltd Shareholding Pattern Chart

No. of PC Jeweller Ltd Shareholders

This stock is not held by any mutual fund

PC Jeweller Ltd ROCE Trend

PC Jeweller Ltd EPS Trend

PC Jeweller Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-4.37-8.401.532.100.02
Diluted EPS (Rs.)-4.37-8.401.532.100.02
Cash EPS (Rs.)-3.78-7.802.083.050.49
Book Value[Excl.RevalReserv]/Share (Rs.)79.3083.5691.73101.3499.34
Book Value[Incl.RevalReserv]/Share (Rs.)79.3083.5691.73101.3499.34
Revenue From Operations / Share (Rs.)53.1334.5160.73131.82219.94
PBDIT / Share (Rs.)8.84-0.929.3813.479.28
PBIT / Share (Rs.)8.25-1.528.6312.528.80
PBT / Share (Rs.)-2.32-10.920.163.170.05
Net Profit / Share (Rs.)-4.37-8.401.332.100.01
NP After MI And SOA / Share (Rs.)-4.37-8.401.332.100.01
PBDIT Margin (%)16.63-2.6715.4410.214.22
PBIT Margin (%)15.53-4.3914.219.494.00
PBT Margin (%)-4.36-31.630.272.400.02
Net Profit Margin (%)-8.21-24.342.191.590.00
NP After MI And SOA Margin (%)-8.21-24.342.191.590.00
Return on Networth / Equity (%)-5.50-10.051.452.070.01
Return on Capital Employeed (%)10.18-1.779.2011.918.73
Return On Assets (%)-2.66-5.180.781.050.00
Total Debt / Equity (X)0.980.840.530.570.53
Asset Turnover Ratio (%)0.310.200.330.631.01
Current Ratio (X)1.632.022.162.042.03
Quick Ratio (X)0.130.430.480.590.66
Inventory Turnover Ratio (X)0.350.180.520.891.55
Dividend Payout Ratio (NP) (%)0.000.000.000.003234.42
Dividend Payout Ratio (CP) (%)0.000.000.000.00101.12
Earning Retention Ratio (%)0.000.000.000.00-3134.42
Cash Earning Retention Ratio (%)0.000.000.000.00-1.12
Interest Coverage Ratio (X)0.83-0.091.111.441.06
Interest Coverage Ratio (Post Tax) (X)0.580.101.161.221.00
Enterprise Value (Cr.)4831.864190.563375.512499.075036.56
EV / Net Operating Revenue (X)1.952.611.190.470.58
EV / EBITDA (X)11.75-97.667.734.7013.75
MarketCap / Net Operating Revenue (X)0.500.600.440.080.37
Retention Ratios (%)0.000.000.000.00-3134.42
Price / BV (X)0.330.240.290.110.83
Price / Net Operating Revenue (X)0.500.600.440.080.37
EarningsYield-0.16-0.400.040.180.00

PC Jeweller Ltd Profitability Ratios (%)

PC Jeweller Ltd Liquidity Ratios

PC Jeweller Ltd Liquidity Ratios (%)

PC Jeweller Ltd Interest Coverage Ratios (%)

PC Jeweller Ltd Valuation Ratios

Fair Value / Intrinsic Value of PC Jeweller Ltd

Fair Value: ₹57.24

The stock is undervalued by 6.00% compared to the current price ₹54

*Investments are subject to market risks

Strength and Weakness of PC Jeweller Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 15.75%, which is a positive sign.
  2. The company has higher reserves (2,631.08 cr) compared to borrowings (1.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (4.62 cr) and profit (188.92 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 7.34 and average Dividend Yield of 7.77%.
  2. The stock has a high average Working Capital Days of 264.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 217.33, which may not be favorable.

Should I Buy PC Jeweller Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in PC Jeweller Ltd:
    1. Net Profit Margin: -8.21%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 10.18% (Industry Average ROCE: 9.62%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 0.58
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.13
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E of N/A (Industry average Stock P/E: 47.84)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.98
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in PC Jeweller Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE