PC Jeweller Ltd - Stock Valuation and Financial Performance

BSE: 534809 | NSE: PCJEWELLER | Diamond & Jewellery | Small Cap

PC Jeweller Share Price

157.20 0.65 0.42%
as on 01-Nov'24 18:59

DeciZen - make an informed investing decision on PC Jeweller

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

PC Jeweller stock performance -

mw4me loader
P/E Ratio (SA):
825.86
Market Cap:
7,845.7 Cr.
52-wk low:
27.7
52-wk high:
186.8

Is PC Jeweller Ltd an attractive stock to invest in?

1. Is PC Jeweller Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that PC Jeweller Ltd is a average quality company.

2. Is PC Jeweller Ltd undervalued or overvalued?

The key valuation ratios of PC Jeweller Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is PC Jeweller Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of PC Jeweller Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of PC Jeweller:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
PC Jeweller Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 28.6%26%22.5%23.7%6.3%8.1%6.2%-1%3.5%-2%-
Value Creation
Index
1.00.90.70.8-0.6-0.4-0.6-1.1-0.8-1.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6,3497,2328,0999,4868,3694,9392,6691,5742,359189994
Sales YoY Gr.-13.9%12%17.1%-11.8%-41%-46%-41%49.9%-92%-
Adj EPS 10.110.610.813.9-0.41.22.1-9-9.3-14.30.2
YoY Gr.-5.1%1.9%28.9%-102.6%NA70.8%-537.1%NANA-
BVPS (₹) 55.667.193.699.298.7100.4105.983.175.862.371.8
Adj Net
Profit
362380387549-14.147.481.1-417-432-6659
Cash Flow from Ops. 33470.4827334-1,83760.197.4-72796.4-15.4-
Debt/CF from Ops. 213.813.3-1.238.223.6-4.537.7-265-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -32.3%-53.1%-58.6%-92%
Adj EPS -203.9%NA-291.1%NA
BVPS1.3%-8.8%-16.2%-17.9%
Share Price 2.9% 36.9% 77.8% 425.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
19.717.313.415.1-0.41.22-10.2-11.6-20.70.3
Op. Profit
Mgn %
11.510.59.410.73.49.216.2-6.35.6-88.55.9
Net Profit
Mgn %
5.75.34.85.8-0.213-26.5-18.3-351.31
Debt to
Equity
0.30.40.20.30.50.60.50.911.40
Working Cap
Days
2302442562553125331,0021,6721,10413,6532,962
Cash Conv.
Cycle
116111107971994178321,35393111,113791

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.30%

Sales growth is good in last 4 quarters at 433.69%

Sales growth has been subdued in last 3 years -58.60%

Net Profit has been subdued in last 3 years -291.07%

Debt to equity has increased versus last 3 years average to 1.41

Latest Financials - PC Jeweller Ltd.

Standalone Consolidated
TTM EPS (₹) 0.2 0.3
TTM Sales (₹ Cr.) 994 995
BVPS (₹.) 71.8 72.5
Reserves (₹ Cr.) 3,088 3,121
P/BV 2.19 2.17
PE 825.86 512.12
From the Market
52 Week Low / High (₹) 27.66 / 186.80
All Time Low / High (₹) 7.80 / 600.65
Market Cap (₹ Cr.) 7,846
Equity (₹ Cr.) 499.7
Face Value (₹) 10
Industry PE 81.9

Management X-Ray of PC Jeweller:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of PC Jeweller

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales6,3497,2328,0999,4868,3694,9392,6691,5742,359189
Operating Expenses 5,6196,4737,3388,4738,0934,4842,2661,6732,227358
Manufacturing Costs4558444524161925247
Material Costs5,3826,2177,0728,1427,7894,2942,1391,3781,991280
Employee Cost 567179901127241455330
Other Costs 1351281431961671026722515940
Operating Profit 7307597611,012276455403-99132-168
Operating Profit Margin (%) 11.5%10.5%9.4%10.7%3.3%9.2%15.1%-6.3%5.6%-88.9%
Other Income 59511091009277316014844
Interest 227251282321349374396442499505
Depreciation 23232220173533262620
Exceptional Items 0000000000
Profit Before Tax 53953656677031244-508-245-649
Tax 161137136203645-56-119940
Profit After Tax 378399431567-37961-390-339-649
PAT Margin (%) 6.0%5.5%5.3%6.0%0.0%1.6%2.3%-24.8%-14.4%-342.0%
Adjusted EPS (₹)10.611.212.014.4-0.12.01.5-8.4-7.3-14.0
Dividend Payout Ratio (%)15%15%4%3%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,9902,4023,3533,9103,8943,9654,2543,8663,5282,898
Share Capital 179179179394395395465465465465
Reserves 1,8112,2233,1743,5163,4993,5703,7893,4013,0622,433
Minority Interest0000000000
Debt6819406921,0542,1022,2832,2943,2833,6304,087
Long Term Debt05858301210000
Short Term Debt6818826341,0252,0912,2822,2943,2833,6304,087
Trade Payables1,8092,1622,8073,5611,2651,081920151814
Others Liabilities 218222336416366505344223314237
Total Liabilities 4,6995,7267,1888,9427,6277,8357,8137,3877,4907,236

Fixed Assets

Gross Block147112128141127233239225206166
Accumulated Depreciation582244636882112118102105
Net Fixed Assets909084775915112610710461
CWIP 0000010010
Investments 138143153144144144136136136
Inventories3,2303,8664,1195,1614,9885,2595,7945,5165,6225,462
Trade Receivables7689081,2741,7621,7731,7811,305308324182
Cash Equivalents 2742919321,49131922717458403
Others Assets3255626362983442732691,2611,2631,390
Total Assets 4,6995,7267,1888,9427,6277,8357,8137,3877,4907,236

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 33470827334-1,8376097-72796-15
PBT 53953656677031244-508-245-649
Adjustment 216207154210270365360497453470
Changes in Working Capital -293-533287-506-2091-420-281-735-119164
Tax Paid -129-139-181-140-19-8151980
Cash Flow From Investing Activity 213-86-645-3508864198118387
Capex -29-2-15-17-6-10-2-22
Net Investments 228-6-355-560878258990370
Others 13-78-275228151783036
Cash Flow From Financing Activity -5661710123651-169-155575-115-29
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 088427-9-33-18-12000
Interest Paid -211-203-261-315-341-310-366-151-115-29
Dividend Paid -31-57-72-45-4100000
Others -32218973911,06615922372700
Net Cash Flow -1912837-300-6840-3419-37
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)20.618.1814.9615.62-0.0721.49-9.68-9.17-20.21
ROCE (%)28.5926.0122.4723.696.348.066.22-0.963.54-2.04
Asset Turnover Ratio1.411.391.261.181.010.640.340.210.320.03
PAT to CFO Conversion(x)0.880.181.920.59N/A0.761.59N/AN/AN/A
Working Capital Days
Receivable Days404249587713121118749485
Inventory Days1611791801782213797541,3088600
Payable Days105117128143113100171124321

PC Jeweller Ltd Stock News

PC Jeweller Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of PC Jeweller on 01-Nov-2024 18:59 is ₹157.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Nov-2024 18:59 the market cap of PC Jeweller stood at ₹7,845.7.
The latest P/E ratio of PC Jeweller as of 01-Nov-2024 18:59 is 825.9.
The latest P/B ratio of PC Jeweller as of 01-Nov-2024 18:59 is 2.19.
The 52-week high of PC Jeweller is ₹186.8 and the 52-week low is ₹27.66.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PC Jeweller is ₹994.0 ( Cr.) .

About PC Jeweller Ltd

PC Jeweller started operations in April 2005 with one showroom at Karol Bagh, New Delhi and is today one of the fastest growing jewellery retail chain. Since its inception, the company has been a pioneer in designs as every product is crafted to a standard of perfection. Whether it is elaborate wedding jewellery or affordable wearables, PC Jeweller has fashioned exceptional designs with unmatched quality. Over time, timeless treasures from PC Jeweller have helped intimate moments become lifetime memories.

Company’s business model consists of setting up large format, stand alone showrooms at high street locations. Its stores stock a wide range of jewellery across all price points, with an increasing focus on diamond jewellery. The company sells only hallmarked jewellery and certified diamond jewellery. This assurance on quality and purity along with transparent and customer friendly policies have enabled PCJ to become an established and trusted brand name in a short time span.

Business area of the company

The Company is one of the leading jewellery companies in India in the organized retail sector. The Company’s businesses include the manufacture, retail and export of jewellery. It offers a wide range of products including 100% hallmarked gold jewellery, Certified diamond jewellery and other jewellery including silver articles, with a focus on diamond jewellery and jewellery for weddings.

Products

  • Diamond jewellery
  • Gold jewellery
  • Gemstone jewellery
  • Silver diamond jewellery
  • Silver jewellery & articles

Awards

2013-14:

  • ‘Century International Gold Quality Era Award’ in the realm of customer satisfaction, leadership, strategic planning and benchmarking as established in the QC100 TQM system, by BID, Business Initiative Directions, Spain;
  • ‘Precious Metal Jewellery Plain (Large)’ award at the 40th Indian Gem and Jewellery Awards;
  • ‘Regional Retail Chain of the Year’ at 9th Annual Gemfields & Nazraana Retail Jeweller India Awards 2013

2016-17:

  • First ranking in the category of Precious Metal Jewellery Plain - Large for the year 2015-16 by the Gem & Jewellery Export Promotion Council.
  • First ranking in the category of Highest Taxpayer Company (Rest of Gems & Jewellery items) for the year 2015-16 by the Gem & Jewellery Export Promotion Council.
  • Gold Trophy in Reader’s digest Trust Brands 2016.
  • Gold Trophy in Northern Region Export Excellence Awards for Outstanding Export Performance in the category of Star Export House - MSME by Federation of Indian Export Organisations.

Milestones

  • 2005-06: PC Jeweller opens doors to its first showroom in Karol Bagh with emphasis on wedding jewellery.
  • 2007-08: Opens 2 more retail showrooms and ventures into export operations.
  • 2008-09: With a total 5 showrooms driving sales, PC Jeweller upgrades its manufacturing facility.
  • 2009-10: PC Jeweller gains more ground as five more sprawling showrooms are inaugurated while a new manufacturing facility is set up at Dehradun.
  • 2010-11: The Company makes massive headway as seven new showrooms are established a new state-of-the-art manufacturing facility is set up in Noida, Uttar Pradesh.
  • 2011-12: Seven more showrooms expands reach. PC Jeweller makes a mark on the Indian Stock Exchange.  2012-13: A total of 12 new showrooms cements PC Jeweller’s footprint on the Indian jewellery market.
  • 2013-14: A total of 5 new showrooms added. It now occupies a total retail space of 2,50,000 sq. ft.
  • 2014-15: PC Jeweller launches WearYourShine.com, their online retail store.
  • 2015-16: After touching the awesome 50 store milestone, PC Jeweller continues its growth journey by launching 60th showroom in Udaipur
  • 2016-17: PC Jeweller continues its expansion journey by opening its 75th showroom at Alwar, Rajasthan
  • 2017-18: PC Jeweller continues its expansion journey by opening its 93rd showroom at Basheerbagh, Hyderabad (Telangana)
  • 2018-19: PC Jeweller continues its expansion journey by opening its 96th showroom at Rewa, Madhya Pradesh
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