As of 6 Nov 2026, Deepa Jewellers trades at 16.2× trailing earnings, below the industry P/E of 19.6×, and the shares are 23% below their 52-week high. Sales and net profit grew 28% and 68% a year over 3 years; its ROCE of 51% is the highest among the 7 largest Luxury Goods peers. Debt is 0.12× equity. It is a small-cap company with a market cap of ₹2,063 Cr, ranked 20th of 82 Luxury Goods companies by market cap; the shares rose 10% over the past year.
- ₹217.40
- ₹219.97
- ₹210.81
- ₹219.18
- 8.6 L
Health check
- ReturnsBehind
+10.4% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 16.2 vs industry 19.6.
- GrowthSteady
Sales +27.9%, profit +68.2% a year over 3 years.
- ProfitabilityStrong
ROCE 51.0% vs peer median 34.2%.
- Balance sheetSolid
Debt 0.12× equity, interest covered 23.9×, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹2,063 Cr
- Small cap
- P/E
- 16.2
- Industry 19.6
- Price to book
- 3.66
- Peers 8.57
- Dividend yield
- 0.00%
- ROE
- 56.4%
- Peers 29.3%
- ROCE
- 51.0%
- Peers 34.2%
- Debt to equity
- 0.12
- Debt ₹63 Cr
- EPS (TTM)
- ₹13.26
- Face value ₹2
- OPM (TTM)
- 8.1%
- Net margin 5.5%
- Sales growth
- +24.6%
- Latest quarter vs a year ago
- Profit growth
- +36.0%
- Latest quarter vs a year ago
- Price to sales
- 0.95
- EV/EBITDA 11.7
Strengths and risks
Strengths
- Return on equity of 56.4%.
- Return on capital employed of 51.0%.
- Quarterly profit up 36.0% on a year ago.
- Quarterly sales up 24.6% on a year ago.
About Deepa Jewellers
Deepa Jewellers Limited engages in designing, processing, and suppling of hallmarked gold and precious stone studded jewellery in India. The company offers vaddanam (waist belt), CNC machine cut bangles, gents kada, vanky(armlet), dandpatti (bajuband), gundlamala haaram (traditional neck piece), gundlamala necklace, kangan, earring, mangtika (forehead pendant), maatil (ear chain), champasaralu (ear to hair chain), jada (braid ornament), and rings. It also…
- Headquarters
- Hyderabad
- Employees
- 64
- Sector
- Consumer Cyclical
- ISIN
- INE1M2N01020
- Website
- deepajewel.com
Price range
- Avg volume (3M)
- 61.8 L
- 1-year return
- plus 10.4%
- From 52-week high
- minus 22.5%
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% |
| DEEPADeepa Jewellers | 214.62 | minus 2.08% | 2,063 | 16.2 | 3.66 | 51.0% | 56.4% | 8.1% | 27.9% | 68.2% | 0.00% | plus 10.4% |
| 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 | Jun 25 | Sep 25 | Jun 26 | Sep 26 |
|---|---|---|---|---|
| 310 | 502 | 431 | 626 | |
| – | – | +39.0% | +24.6% | |
| 281 | 463 | 392 | 580 | |
| 28.9 | 38.7 | 38.7 | 45.3 | |
| 9.3% | 7.7% | 9.0% | 7.2% | |
| 0 | 0.1 | 0 | 0.5 | |
| 0.5 | 1.9 | 2.4 | 2.1 | |
| 0 | 0.2 | 0.5 | 0.6 | |
| 28.3 | 36.8 | 35.8 | 43.1 | |
| 25.7% | 25.5% | 25.4% | 13.6% | |
| 21.1 | 27.4 | 26.8 | 37.3 | |
| – | – | +27.0% | +36.0% | |
| 2.19 | 2.85 | 2.78 | 4.10 |
Profit & loss
- Sales CAGR 3Y
- +27.9%
- Profit CAGR 3Y
- +68.2%
- EPS CAGR 3Y
- +68.2%
- ROE
- 56.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 921 | 1,025 | 1,397 | 1,927 | |
| – | +11.2% | +36.4% | +37.9% | |
| 888 | 989 | 1,341 | 1,780 | |
| 33.1 | 35.8 | 56 | 146 | |
| 3.6% | 3.5% | 4.0% | 7.6% | |
| 0.4 | 1.1 | 3 | −0.1 | |
| 3.6 | 3.9 | 4.3 | 6.1 | |
| 0.3 | 0.3 | 0.3 | 0.7 | |
| – | – | – | 0.9 | |
| 29.6 | 32.7 | 54.5 | 140 | |
| 25.5% | 25.5% | 25.5% | 25.3% | |
| 22 | 24.3 | 40.6 | 105 | |
| – | +10.6% | +66.7% | +158.2% | |
| 2.29 | 2.53 | 4.22 | 10.90 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4.1 | 4.1 | 4.1 | 16.4 | |
| 64 | 88.5 | 129 | 222 | |
| 83.4 | 77.9 | 80.8 | 117 | |
| 1.2 | 4.2 | 3.7 | 2.3 | |
| 153 | 175 | 218 | 357 | |
| 0.8 | 0.8 | 0.6 | 10 | |
| – | – | – | 2.2 | |
| 15.3 | 11.4 | 0.1 | 0.1 | |
| 137 | 162 | 217 | 345 | |
| 153 | 175 | 218 | 357 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −6.3 | 4.8 | −9.9 | −14.7 | |
| −15.7 | 5.8 | 10.3 | −4.4 | |
| 22 | −9.5 | −1.5 | 19.1 | |
| 0 | 1.2 | −1.1 | 0 | |
| −0.9 | −0.3 | −0.1 | −4.4 | |
| −7.2 | 4.6 | −10 | −19.1 |
Shareholding pattern
- Promoters72.98%
- Public27.02%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 72.98% | 27.02% | 0.00 | |
| 7 Sep 2026 | 72.98% | 27.02% | – |
Major shareholders
Filings & events
News
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