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PC Jeweller

NSEI:PCJEWELLER
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PCJEWELLER
NSEI
₹32B
Market Cap
  1. Home
  2. IN
  3. Retail
Company description

PC Jeweller Limited manufactures, retails, and trades in gold jewelry, diamond studded jewelry, and silver items in India. The last earnings update was 206 days ago. More info.


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PCJEWELLER Share Price and Events
7 Day Returns
-4.8%
NSEI:PCJEWELLER
6%
IN Specialty Retail
0.4%
IN Market
1 Year Returns
-75.9%
NSEI:PCJEWELLER
-45.4%
IN Specialty Retail
2%
IN Market
PCJEWELLER Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PC Jeweller (PCJEWELLER) -4.8% 22% -0.4% -75.9% -53.1% 69%
IN Specialty Retail 6% 10.8% 3.9% -45.4% 46.4% 216.3%
IN Market 0.4% 9.1% 1.8% 2% 43.6% 80.4%
1 Year Return vs Industry and Market
  • PCJEWELLER underperformed the Specialty Retail industry which returned -45.4% over the past year.
  • PCJEWELLER underperformed the Market in India which returned 2% over the past year.
Price Volatility
PCJEWELLER
Industry
5yr Volatility vs Market

Value

 Is PC Jeweller undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PC Jeweller to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PC Jeweller.

NSEI:PCJEWELLER Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:PCJEWELLER
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.857 (1 + (1- 35%) (34.46%))
1.033
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.033 * 8.6%)
16.43%

Discounted Cash Flow Calculation for NSEI:PCJEWELLER using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PC Jeweller is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:PCJEWELLER DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.43%)
2019 1,589.89 Est @ -52.92% 1,365.51
2020 1,036.89 Est @ -34.78% 764.88
2021 807.92 Est @ -22.08% 511.86
2022 701.33 Est @ -13.19% 381.63
2023 652.45 Est @ -6.97% 304.92
2024 635.39 Est @ -2.61% 255.05
2025 638.16 Est @ 0.44% 220.01
2026 654.55 Est @ 2.57% 193.81
2027 681.15 Est @ 4.06% 173.23
2028 715.96 Est @ 5.11% 156.38
Present value of next 10 years cash flows ₹4,327.28
NSEI:PCJEWELLER DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹715.96 × (1 + 7.55%) ÷ (16.43% – 7.55%)
₹8,669.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹8,669.87 ÷ (1 + 16.43%)10
₹1,893.69
NSEI:PCJEWELLER Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹4,327.28 + ₹1,893.69
₹6,220.96
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹6,220.96 / 394.65
₹15.76
NSEI:PCJEWELLER Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹15.76
Current discount Discount to share price of ₹82.15
= -1 x (₹82.15 - ₹15.76) / ₹15.76
-421.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of PC Jeweller is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PC Jeweller's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PC Jeweller's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:PCJEWELLER PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹14.09
NSEI:PCJEWELLER Share Price ** NSEI (2019-03-20) in INR ₹82.15
India Specialty Retail Industry PE Ratio Median Figure of 23 Publicly-Listed Specialty Retail Companies 21.1x
India Market PE Ratio Median Figure of 2,730 Publicly-Listed Companies 16.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PC Jeweller.

NSEI:PCJEWELLER PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:PCJEWELLER Share Price ÷ EPS (both in INR)

= 82.15 ÷ 14.09

5.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PC Jeweller is good value based on earnings compared to the IN Specialty Retail industry average.
  • PC Jeweller is good value based on earnings compared to the India market.
Price based on expected Growth
Does PC Jeweller's expected growth come at a high price?
Raw Data
NSEI:PCJEWELLER PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Specialty Retail Industry PEG Ratio Median Figure of 5 Publicly-Listed Specialty Retail Companies 2.35x
India Market PEG Ratio Median Figure of 596 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for PC Jeweller, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on PC Jeweller's assets?
Raw Data
NSEI:PCJEWELLER PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹98.42
NSEI:PCJEWELLER Share Price * NSEI (2019-03-20) in INR ₹82.15
India Specialty Retail Industry PB Ratio Median Figure of 26 Publicly-Listed Specialty Retail Companies 2.03x
India Market PB Ratio Median Figure of 3,617 Publicly-Listed Companies 1.12x
NSEI:PCJEWELLER PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:PCJEWELLER Share Price ÷ Book Value per Share (both in INR)

= 82.15 ÷ 98.42

0.83x

* Primary Listing of PC Jeweller.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PC Jeweller is good value based on assets compared to the IN Specialty Retail industry average.
X
Value checks
We assess PC Jeweller's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. PC Jeweller has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is PC Jeweller expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as PC Jeweller has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
41.2%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PC Jeweller expected to grow at an attractive rate?
  • Unable to compare PC Jeweller's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare PC Jeweller's earnings growth to the India market average as no estimate data is available.
  • Unable to compare PC Jeweller's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:PCJEWELLER Future Growth Rates Data Sources
Data Point Source Value (per year)
India Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 41.2%
India Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 18.1%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:PCJEWELLER Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:PCJEWELLER Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:PCJEWELLER Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 96,120 3,576 5,356
2017-03-31 84,744 7,944 4,210
2016-03-31 73,032 160 3,982

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if PC Jeweller is high growth as no earnings estimate data is available.
  • Unable to determine if PC Jeweller is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:PCJEWELLER Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from PC Jeweller Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PCJEWELLER Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:PCJEWELLER Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 14.09
2017-03-31 11.75
2016-03-31 11.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if PC Jeweller will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether PC Jeweller is trading at PC Jeweller'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. PC Jeweller's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Retail companies here
  3. PC Jeweller's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess PC Jeweller's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PC Jeweller has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has PC Jeweller performed over the past 5 years?

  • PC Jeweller's last earnings update was 206 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PC Jeweller's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PC Jeweller's year on year earnings growth rate has been positive over the past 5 years.
  • PC Jeweller's 1-year earnings growth exceeds its 5-year average (27.2% vs 10.3%)
  • PC Jeweller's earnings growth has exceeded the IN Specialty Retail industry average in the past year (27.2% vs 27%).
Earnings and Revenue History
PC Jeweller's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PC Jeweller Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PCJEWELLER Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 96,119.70 5,356.40 2,373.70
2017-03-31 84,744.10 4,210.10 1,736.80
2016-03-31 73,032.20 3,981.90 1,605.20
2015-03-31 63,612.80 3,784.30 1,543.40
2014-03-31 53,248.29 3,562.99 1,809.25
2013-03-31 40,184.19 2,910.16 1,395.62
2012-03-31 30,419.26 2,309.33 870.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • PC Jeweller has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PC Jeweller used its assets more efficiently than the IN Specialty Retail industry average last year based on Return on Assets.
  • PC Jeweller's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PC Jeweller's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PC Jeweller has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is PC Jeweller's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PC Jeweller's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PC Jeweller is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PC Jeweller's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PC Jeweller's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 7.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PC Jeweller Company Filings, last reported 11 months ago.

NSEI:PCJEWELLER Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 38,811.80 11,173.60 4,334.70
2017-03-31 33,519.10 8,028.10 6,480.50
2016-03-31 24,091.40 9,704.10 1,518.40
2015-03-31 19,905.70 6,818.90 2,971.20
2014-03-31 16,822.38 10,042.12 5,150.60
2013-03-31 13,888.00 2,330.72 7,077.85
2012-03-31 5,554.30 5,782.71 749.31
  • PC Jeweller's level of debt (28.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (16.9% vs 28.8% today).
  • Debt is well covered by operating cash flow (32%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.6x coverage).
X
Financial health checks
We assess PC Jeweller's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PC Jeweller has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is PC Jeweller's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.61%
Current annual income from PC Jeweller dividends.
If you bought ₹2,000 of PC Jeweller shares you are expected to receive ₹12 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • PC Jeweller's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • PC Jeweller's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:PCJEWELLER Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 0.4%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:PCJEWELLER Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:PCJEWELLER Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-27 0.500 0.691
2018-05-25 0.500 0.441
2017-08-01 0.500 0.152
2017-07-13 0.500 0.199
2017-05-25 0.500 0.198
2016-08-18 1.675 0.803
2016-05-30 1.675 0.861
2015-08-13 1.600 0.848
2015-05-15 1.600 0.816
2014-09-24 1.500 1.174
2014-01-20 1.500 2.730
2013-07-25 0.500 1.125
2013-05-20 0.500 1.057

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PC Jeweller has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • PC Jeweller has only been paying a dividend for 6 years, and since then there has been no growth.
Current Payout to shareholders
What portion of PC Jeweller's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (28.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess PC Jeweller's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PC Jeweller afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PC Jeweller has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of PC Jeweller's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Balram Garg
COMPENSATION ₹72,000,000
AGE 48
TENURE AS CEO 13.9 years
CEO Bio

Mr. Balram Garg, B.Com. has been the Managing Director at PC Jeweller Limited since April 16,2005 and serves as its Chief Executive Officer. Mr. Garg has been an Executive Director of PC Jeweller Limited since July 01,2011. Mr. Garg holds a bachelors degree in commerce from the University of Delhi.

CEO Compensation
  • Balram's compensation has been consistent with company performance over the past year.
  • Balram's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the PC Jeweller management team in years:

7.7
Average Tenure
43
Average Age
  • The average tenure for the PC Jeweller management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Balram Garg

TITLE
MD & Executive Director
COMPENSATION
₹72M
AGE
48
TENURE
13.9 yrs

Sanjeev Bhatia

TITLE
Chief Financial Officer
COMPENSATION
₹15M
AGE
56

Ramesh Sharma

TITLE
COO & Executive Director
COMPENSATION
₹15M
AGE
61
TENURE
7.5 yrs

Vijay Panwar

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹7M
AGE
43

Raja Sugla

TITLE
President of Accounts & Taxation
AGE
43

Kuldeep Singh

TITLE
President of Accounts & Audit
AGE
40

Nikhilesh Govil

TITLE
President

Nitin Gupta

TITLE
President of Manufacturing
COMPENSATION
₹39K
AGE
39
TENURE
7.7 yrs

Sachin Gupta

TITLE
President of Gold Manufacturing
COMPENSATION
₹2M
AGE
42
TENURE
7.7 yrs
Board of Directors Tenure

Average tenure and age of the PC Jeweller board of directors in years:

5.1
Average Tenure
61
Average Age
  • The tenure for the PC Jeweller board of directors is about average.
Board of Directors

Balram Garg

TITLE
MD & Executive Director
COMPENSATION
₹72M
AGE
48
TENURE
7.7 yrs

Ramesh Sharma

TITLE
COO & Executive Director
COMPENSATION
₹15M
AGE
61
TENURE
5.1 yrs

Manohar Singla

TITLE
Independent Director
COMPENSATION
₹400K
AGE
60
TENURE
7.5 yrs

Krishan Khurana

TITLE
Independent Director
COMPENSATION
₹440K
AGE
61
TENURE
7.5 yrs

Miyar Nayak

TITLE
Independent Director
COMPENSATION
₹240K
TENURE
5.1 yrs

Suresh Jain

TITLE
Independent Director
COMPENSATION
₹200K
AGE
64
TENURE
3.5 yrs

Sannovanda Swathi

TITLE
Independent Director
AGE
61
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess PC Jeweller's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PC Jeweller has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

A Look At PC Jeweller Limited's (NSE:PCJEWELLER) Exceptional Fundamentals

PC Jeweller Limited (NSE:PCJEWELLER) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … is a company with great financial health as well as a.

Simply Wall St -

Introducing PC Jeweller (NSE:PCJEWELLER), The Stock That Tanked 77%

Indeed, the share price is down a whopping 77% in the last year. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Even though the PC Jeweller share price is down over the year, its EPS actually improved.

Simply Wall St -

What Kind Of Shareholders Own PC Jeweller Limited (NSE:PCJEWELLER)?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … PC Jeweller is a smaller company with a market capitalization of ₹27b, so it may still be flying under the radar of many institutional investors. … institutions own shares in the company.

Simply Wall St -

Do You Know What PC Jeweller Limited's (NSE:PCJEWELLER) P/E Ratio Means?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … PC Jeweller has a price to earnings ratio of 5.45, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is PC Jeweller Limited (NSE:PCJEWELLER) A Financially Sound Company?

While small-cap stocks, such as PC Jeweller Limited (NSE:PCJEWELLER) with its market cap of ₹30b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Specialty Retail businesses operating in the environment facing headwinds from current disruption,.

Simply Wall St -

At ₹80.80, Is It Time To Put PC Jeweller Limited (NSE:PCJEWELLER) On Your Watch List?

As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Is there still an opportunity here to buy. … Today I will analyse the most recent data on PC Jeweller’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

A Closer Look At PC Jeweller Limited's (NSE:PCJEWELLER) Impressive ROE

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each ₹1 of shareholders' equity it has, the company made ₹0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

With 27% Earnings Growth, Did PC Jeweller Limited (NSE:PCJEWELLER) Outperform The Industry?

Did PCJEWELLER's recent earnings growth beat the long-term trend and the industry. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 10%, indicating the rate at which PCJEWELLER is growing has accelerated … What's the driver of this growth?

Simply Wall St -

Should You Consider PC Jeweller Limited (NSE:PCJEWELLER)?

I've been keeping an eye on PC Jeweller Limited (NSE:PCJEWELLER) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe PCJEWELLER has a lot to offer. … company with a

Simply Wall St -

Do You Like PC Jeweller Limited (NSE:PCJEWELLER) At This P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at PC Jeweller Limited's (NSE:PCJEWELLER) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

PC Jeweller Limited manufactures, retails, and trades in gold jewelry, diamond studded jewelry, and silver items in India. The company sells its jewelry through its showrooms and Website, wearyourshine.com. As of March 31, 2018, it had 92 showrooms, including 82 company owned showrooms and 10 franchisee showrooms. The company also exports its products. PC Jeweller Limited was founded in 2005 and is based in Delhi, India.

Details
Name: PC Jeweller Limited
PCJEWELLER
Exchange: NSEI
Founded: 2005
₹32,420,332,132
394,647,987
Website: http://www.pcjeweller.com
Address: PC Jeweller Limited
C-54, Preet Vihar,
Vikas Marg,
Delhi,
Delhi, 110092,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI PCJEWELLER Equity Shares National Stock Exchange of India IN INR 27. Dec 2012
BSE 534809 Equity Shares Mumbai Stock Exchange IN INR 27. Dec 2012
Number of employees
Current staff
Staff numbers
0
PC Jeweller employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 12:53
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2018/05/25
Last earnings filing: 2018/08/27
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.