On 6 Nov 2026, AJC Jewel Manufacturers was priced at ₹345.00, or 25.0× trailing earnings, against an industry P/E of 19.6×, and the shares are 20% below their 52-week high. Sales and net profit grew 14% and 57% a year over 3 years, with ROCE of 37% and ROE of 31%. Debt is 1.22× equity. It is listed on an SME platform with a market cap of ₹209 Cr, ranked 42nd of 82 Luxury Goods companies by market cap; the shares rose 259% over the past year.
- ₹345.00
- ₹345.00
- ₹345.00
- ₹340.55
- 1.2K
Health check
- ReturnsAhead
+258.5% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 25.0 vs industry 19.6.
- GrowthSlow
Sales +14.5%, profit +56.7% a year over 3 years.
- ProfitabilityStrong
ROCE 37.0% vs peer median 34.2%.
- Balance sheetFair
Debt 1.22× equity, interest covered 4.5×, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹209 Cr
- Small cap
- P/E
- 25.0
- Industry 19.6
- Price to book
- 5.79
- Peers 8.57
- Dividend yield
- 0.00%
- ROE
- 30.9%
- Peers 29.3%
- ROCE
- 37.0%
- Peers 34.2%
- Debt to equity
- 1.22
- Debt ₹44 Cr
- EPS (TTM)
- ₹13.82
- OPM (TTM)
- 4.9%
- Net margin 2.7%
- Sales growth
- +70.0%
- Latest quarter vs a year ago
- Profit growth
- +60.2%
- Latest quarter vs a year ago
- Price to sales
- 0.63
- EV/EBITDA 15.6
Strengths and risks
Strengths
- Return on equity of 30.9%.
- Return on capital employed of 37.0%.
- Quarterly profit up 60.2% on a year ago.
- Quarterly sales up 70.0% on a year ago.
About AJC Jewel Manufacturers
AJC Jewel Manufacturers Limited engages in the manufacture and design of wholesale gold, silver, and gold-plated silver jewelry in India. It offers plain, studded, and name-personalised jewelleries. The company also provides anklets, bangles, bracelets, earrings, necklaces, nose pins, pendants, and rings, as well as name bracelets, pendants, and rings. In addition, it sells silver bullion, silverware, silver plated articles, gold plated silver jewellery,…
- Headquarters
- Malappuram
- Employees
- 113
- Sector
- Consumer Cyclical
- ISIN
- INE0XRR01010
- Website
- ajcjewel.com
Price range
- Avg volume (3M)
- 14.6K
- 1-year return
- plus 258.5%
- From 52-week high
- minus 20.2%
Peers · Luxury Goods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TITANTitan Company | 5,000.00 | plus 3.42% | 4,43,656 | 63.1 | 24.30 | 38.4% | 37.1% | 11.6% | 29.2% | 16.0% | 0.30% | plus 26.8% |
| KALYANKJILKalyan Jewellers India | 590.75 | plus 5.49% | 61,010 | 42.6 | 9.66 | 26.7% | 24.3% | 6.7% | 36.4% | 46.1% | 0.42% | plus 7.2% |
| LALITHAALalithaa Jewellery Mart | 373.50 | plus 0.50% | 20,905 | 21.9 | 6.37 | 46.1% | 41.6% | 5.7% | 23.4% | 61.8% | 0.00% | plus 50.3% |
| PCJEWELLERPC Jeweller | 15.77 | plus 1.35% | 15,467 | 17.1 | 1.65 | 10.3% | 10.8% | 24.6% | 10.7% | – | 0.00% | plus 29.0% |
| SKYGOLDSKY GOLD AND DIAMONDS | 951.95 | plus 0.31% | 14,743 | 37.3 | 10.49 | 35.9% | 33.0% | 7.5% | 76.0% | 145.4% | 0.00% | plus 164.3% |
| THANGAMAYLThangamayil Jewellery | 4,148.20 | minus 4.32% | 12,893 | 32.9 | 8.57 | 34.2% | 29.3% | 6.5% | 39.2% | 64.0% | 0.43% | plus 42.6% |
| BLUESTONEBlueStone Jewellery and Lifestyle | 710.85 | minus 2.09% | 10,867 | 102.6 | 5.92 | 7.7% | 5.8% | 17.0% | 46.8% | – | 0.00% | plus 2.0% |
| AJCJEWELAJC Jewel Manufacturers | 345.00 | plus 1.31% | 209 | 25.0 | 5.79 | 37.0% | 30.9% | 4.9% | 14.5% | 56.7% | 0.00% | plus 258.5% |
| Median of 7 peers | – | 0.50% | 15,467 | 37.3 | 8.57 | 34.2% | 29.3% | 7.5% | 36.4% | 61.8% | 0.00% | 29.0% |
Quarterly results
| ₹ Cr | Mar 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|
| 45.4 | 88.5 | 83.8 | 101 | |
| 43.4 | 82.9 | 80.3 | 96.7 | |
| 2.1 | 5.5 | 3.4 | 4.6 | |
| 4.5% | 6.2% | 4.1% | 4.5% | |
| 0.1 | 0.1 | 0.2 | 0.1 | |
| 0.6 | 0.9 | 1 | 1.3 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 1.4 | 4.6 | 2.6 | 3.2 | |
| 28.7% | 25.2% | 31.4% | 26.4% | |
| 1 | 3.5 | 1.8 | 2.4 | |
| – | 5.69 | 2.95 | 3.94 |
Profit & loss
- Sales CAGR 3Y
- +14.5%
- Profit CAGR 3Y
- +56.7%
- EPS CAGR 3Y
- +60.2%
- ROE
- 30.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 194 | 246 | 220 | 291 | |
| – | +26.6% | minus 10.3% | +32.2% | |
| 190 | 241 | 215 | 277 | |
| 4 | 5.3 | 5.7 | 14.2 | |
| 2.1% | 2.1% | 2.6% | 4.9% | |
| −0.1 | 0.8 | 0.4 | 0.2 | |
| 0.8 | 1.5 | 1.9 | 3.1 | |
| 0.2 | 0.3 | 0.3 | 0.4 | |
| – | – | −0 | −0.1 | |
| 2.9 | 4.3 | 3.9 | 10.8 | |
| 28.6% | 27.4% | 26.8% | 27.4% | |
| 2 | 3.1 | 2.9 | 7.9 | |
| – | +52.9% | minus 8.2% | +174.2% | |
| 3.36 | 5.14 | 4.72 | 13.82 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.8 | 4.4 | 4.4 | 6.1 | |
| 4.3 | 7.6 | 10.3 | 30 | |
| 26.2 | 22.5 | 32.9 | 44.4 | |
| 2.6 | 2.7 | 1.7 | 3.9 | |
| 36 | 37.2 | 49.4 | 84.4 | |
| 3.4 | 3.5 | 3.2 | 5.5 | |
| 0.6 | – | – | 0.4 | |
| – | – | – | 8.2 | |
| 0.7 | 0.2 | 0.7 | 1.5 | |
| 31.4 | 33.5 | 45.5 | 68.8 | |
| 36 | 37.2 | 49.4 | 84.4 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −15.6 | 4.4 | −8 | −10.1 | |
| −2.5 | −0.6 | 0.1 | −10.9 | |
| 18.7 | −3.7 | 8.4 | 21.8 | |
| 0.5 | 0 | 0.5 | 0.8 | |
| −2.5 | −1.4 | −0.1 | −2.7 | |
| −18.2 | 3.1 | −8.2 | −12.8 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.