Advit Jewels (RAMBHAJO) had a P/E of 34.7× on 6 Nov 2026, above the industry P/E of 19.6×, and the shares are 20% below their 52-week high. It earns ROCE of 46% and ROE of 46%, and sales and net profit grew 53% and 49% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹1,368 Cr, ranked 26th of 82 Luxury Goods companies by market cap; the shares rose 80% over the past year.
- ₹298.50
- ₹327.95
- ₹297.20
- ₹312.80
- 1.5 L
Health check
- ReturnsAhead
+80.3% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 34.7 vs industry 19.6.
- GrowthSteady
Sales +53.0%, profit +49.0% a year over 3 years.
- ProfitabilityStrong
ROCE 46.3% vs peer median 34.2%.
- Balance sheetSolid
Practically debt-free.
- Red flags1 to check
P/E of 34.7 against an industry P/E of 19.6.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,368 Cr
- Small cap
- P/E
- 34.7
- Industry 19.6
- Price to book
- 5.22
- Peers 8.57
- Dividend yield
- 0.00%
- ROE
- 45.6%
- Peers 29.3%
- ROCE
- 46.3%
- Peers 34.2%
- Debt to equity
- 0.04
- Debt ₹12 Cr
- EPS (TTM)
- ₹9.32
- Face value ₹10
- OPM (TTM)
- 29.2%
- Net margin 21.0%
- Sales growth
- +23.3%
- Latest quarter vs a year ago
- Profit growth
- +28.0%
- Latest quarter vs a year ago
- Price to sales
- 7.28
- EV/EBITDA 25.9
Strengths and risks
Strengths
- Return on equity of 45.6%.
- Return on capital employed of 46.3%.
- Practically debt-free.
- Quarterly profit up 28.0% on a year ago.
- Quarterly sales up 23.3% on a year ago.
Risks to check
- P/E of 34.7 against an industry P/E of 19.6.
About Advit Jewels
Advit Jewels Limited designs, manufactures, and sells traditional and contemporary handcrafted fine jewelry. The company offers necklaces, earrings, rings, bangles, and other customized jewelry pieces primarily with gold, diamonds, and colored stones. The company operates under the brand name Rambhajo. It sells its products through the B2B model, the B2C model, dealers, showrooms, wholesalers and jewelry retailers. The company was formerly known as Advit…
- Headquarters
- Jaipur
- Employees
- 118
- Sector
- Consumer Cyclical
- ISIN
- INE1SJO01012
- Website
- rambhajo.com
Price range
- Avg volume (3M)
- 13.1 L
- 1-year return
- plus 80.3%
- From 52-week high
- minus 20.5%
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% |
| RAMBHAJOAdvit Jewels | 323.50 | plus 3.42% | 1,482 | 34.7 | 5.22 | – | 15.0% | 27.2% | – | – | 0.00% | plus 80.3% |
| 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 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 47.7 | 50.3 | 43.2 | 35.3 | 58.8 | |
| 33.9 | 36 | 30.5 | 23.7 | 42.7 | |
| 13.8 | 14.3 | 12.7 | 11.6 | 16.1 | |
| 29.0% | 28.4% | 29.3% | 33.0% | 27.4% | |
| 0 | −0.5 | −0 | 0.1 | 0.3 | |
| 1.6 | 1.7 | 1.4 | 1.5 | 0.5 | |
| 0.2 | 0.6 | 0.3 | 0.4 | 0.3 | |
| – | – | −0.1 | – | – | |
| 12.1 | 11.5 | 10.9 | 9.9 | 15.6 | |
| 17.4% | 17.1% | 17.8% | 17.2% | 18.1% | |
| 10 | 9.5 | 8.9 | 8.2 | 12.8 | |
| 2.18 | – | – | 1.79 | 2.83 |
Profit & loss
- Sales CAGR 3Y
- +53.0%
- Profit CAGR 3Y
- +49.0%
- EPS CAGR 3Y
- +49.0%
- ROE
- 45.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 46.6 | 69.4 | 125 | 167 | |
| – | +49.0% | +79.9% | +33.7% | |
| 33.8 | 50.5 | 87.8 | 117 | |
| 12.8 | 19 | 37.2 | 49.6 | |
| 27.4% | 27.3% | 29.8% | 29.7% | |
| −0 | −0 | −0.1 | −0.3 | |
| 0.2 | 0.8 | 5.7 | 6.2 | |
| 0.1 | 0.4 | 0.6 | 1.2 | |
| 0 | −0 | −0 | −0.4 | |
| 12.5 | 17.8 | 30.7 | 41.6 | |
| 17.1% | 17.3% | 17.4% | 17.4% | |
| 10.4 | 14.7 | 25.4 | 34.4 | |
| – | +41.6% | +72.4% | +35.6% | |
| 2.27 | 3.21 | 5.54 | 7.51 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0 | 0 | 0 | 32 | |
| 18.1 | 32.8 | 58.1 | 60.6 | |
| 6.1 | 20.7 | 75.5 | 72.9 | |
| 4.9 | 13.7 | 7.2 | 6.2 | |
| 29 | 67.2 | 141 | 172 | |
| 0.3 | 1.9 | 14.6 | 18.3 | |
| – | – | – | 2.3 | |
| 2.6 | 3.9 | 2.6 | 0.3 | |
| 26.2 | 61.4 | 124 | 151 | |
| 29 | 67.2 | 141 | 172 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −2.8 | −10.5 | −37 | 13.3 | |
| −0.1 | −2 | −13.3 | −6.7 | |
| 5.3 | 13.8 | 49 | −9 | |
| 2.4 | 1.3 | −1.2 | −2.4 | |
| −0.1 | −2 | −13.3 | −6.7 | |
| −2.8 | −12.5 | −50.2 | 6.7 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 2.8% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.