NSEI:PCJEWELLER

Stock Analysis Report

Executive Summary

PC Jeweller Limited manufactures, retails, and trades in gold jewelry, diamond studded jewelry, and silver items in India.

Risk Analysis

Earnings have declined by -50.29% per year over past 5 years

Debt is not well covered by operating cash flow

Highly volatile share price over past 3 months

Does not have a meaningful market cap (₹7B)



Snowflake Analysis

Imperfect balance sheet and overvalued.


Similar Companies

Goldiam International

BSE:526729

Share Price & News

How has PC Jeweller's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PCJEWELLER's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.5%

PCJEWELLER

-2.0%

IN Specialty Retail

-1.5%

IN Market


1 Year Return

-74.6%

PCJEWELLER

-21.7%

IN Specialty Retail

10.7%

IN Market

Return vs Industry: PCJEWELLER underperformed the Indian Specialty Retail industry which returned -20.9% over the past year.

Return vs Market: PCJEWELLER underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

PCJEWELLERIndustryMarket
7 Day-4.5%-2.0%-1.5%
30 Day-26.3%-6.4%-2.7%
90 Day-45.2%-2.5%1.3%
1 Year-74.6%-74.6%-21.5%-21.7%12.7%10.7%
3 Year-91.1%-91.2%-25.6%-26.3%22.0%15.1%
5 Year-86.7%-87.0%15.5%12.8%34.5%22.0%

Price Volatility Vs. Market

How volatile is PC Jeweller's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is PC Jeweller undervalued compared to its fair value and its price relative to the market?

0.17x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PCJEWELLER's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PCJEWELLER's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PCJEWELLER is unprofitable, so we can't compare its PE Ratio to the Specialty Retail industry average.

PE vs Market: PCJEWELLER is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PCJEWELLER's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PCJEWELLER is good value based on its PB Ratio (0.2x) compared to the IN Specialty Retail industry average (1.1x).


Next Steps

Future Growth

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

9.5%

Forecasted Retail industry annual growth in earnings


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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has PC Jeweller performed over the past 5 years?

-50.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PCJEWELLER is currently unprofitable.

Growing Profit Margin: PCJEWELLER is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PCJEWELLER is unprofitable, and losses have increased over the past 5 years at a rate of -50.3% per year.

Accelerating Growth: Unable to compare PCJEWELLER's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PCJEWELLER is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (-2.9%).


Return on Equity

High ROE: PCJEWELLER has a negative Return on Equity (-6.48%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is PC Jeweller's financial position?


Financial Position Analysis

Short Term Liabilities: PCJEWELLER's short term assets (₹74.6B) exceed its short term liabilities (₹36.0B).

Long Term Liabilities: PCJEWELLER's short term assets (₹74.6B) exceed its long term liabilities (₹1.4B).


Debt to Equity History and Analysis

Debt Level: PCJEWELLER's debt to equity ratio (61.5%) is considered high.

Reducing Debt: PCJEWELLER's debt to equity ratio has increased from 39.7% to 61.5% over the past 5 years.


Balance Sheet

Inventory Level: PCJEWELLER has a high level of physical assets or inventory.

Debt Coverage by Assets: PCJEWELLER's debt is covered by short term assets (assets are 3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PCJEWELLER has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: PCJEWELLER has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.6%industryaverage0.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate PCJEWELLER's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate PCJEWELLER's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PCJEWELLER's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PCJEWELLER's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PCJEWELLER is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PCJEWELLER's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.6yrs

Average management tenure


CEO

Balram Garg (49yo)

14.8yrs

Tenure

₹15,500,000

Compensation

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 s ...


CEO Compensation Analysis

Compensation vs Market: Balram's total compensation ($USD217.23K) is above average for companies of similar size in the Indian market ($USD50.25K).

Compensation vs Earnings: Balram's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Balram Garg
MD & Executive Director14.8yrs₹15.50m34.09% 2.4b
Nikhilesh Govil
President & President of Online & New Initiatives0yrsno datano data
Sanjeev Bhatia
Chief Financial Officer0yrs₹14.75m0.033% 2.3m
Ramesh Sharma
COO & Executive Director6yrs₹14.75m0.034% 2.4m
Vijay Panwar
Company Secretary & Compliance Officer0yrs₹6.65m0.0076% 535.8k
Raja Sugla
President of Accounts & Taxation0yrsno data0.029% 2.0m
Kuldeep Singh
President of Accounts & Audit0yrsno data0.029% 2.0m
Nitin Gupta
President of Manufacturing8.6yrsno datano data
Sheiba Anand
President of Retail Operations0yrsno datano data
Vivek Jain
Chief Technical Officer0yrsno datano data

8.6yrs

Average Tenure

46yo

Average Age

Experienced Management: PCJEWELLER's management team is seasoned and experienced (8.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Balram Garg
MD & Executive Director14.8yrs₹15.50m34.09% 2.4b
Ramesh Sharma
COO & Executive Director6yrs₹14.75m0.034% 2.4m
Krishan Khurana
Independent Director8.4yrs₹410.00kno data
Sannovanda Swathi
Independent Director2.1yrs₹200.00kno data
Suresh Jain
Independent Director4.4yrs₹240.00kno data
Manohar Singla
Independent Director8.4yrs₹370.00kno data
Miyar Nayak
Independent Director6yrs₹240.00kno data

6.0yrs

Average Tenure

62yo

Average Age

Experienced Board: PCJEWELLER's board of directors are considered experienced (6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PC Jeweller Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PC Jeweller Limited
  • Ticker: PCJEWELLER
  • Exchange: NSEI
  • Founded: 2005
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: ₹7.031b
  • Shares outstanding: 395.00m
  • Website: https://www.pcjeweller.com

Location

  • PC Jeweller Limited
  • C-54, Preet Vihar
  • Vikas Marg
  • Delhi
  • Delhi
  • 110092
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PCJEWELLERNSEI (National Stock Exchange of India)YesEquity SharesININRDec 2012
534809BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2012

Biography

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, 2019, it had 86 showrooms, including 72 company owned showrooms and 14 franchisee showrooms. The company also exports its products. PC Jeweller Limited was founded in 2005 and is based in Delhi, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 13:05
End of Day Share Price2020/02/18 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.