Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹213 Cr.
Stock P/E
74.2
P/B
5.5
Current Price
₹350.3
Book Value
₹ 63.9
Face Value
10
52W High
₹432.6
52W Low
₹ 71.2
Dividend Yield
0%

AJC Jewel Manufact. Overview

Business

AJC Jewel Manufacturers Ltd. is a company operating in the Diamond & Jewellery sector in India. Its core business involves the manufacturing and potentially the distribution and sale of diamond and other precious jewellery products. The company likely sources raw materials such as diamonds, gold, and other precious metals and gemstones, designs various jewellery pieces, and then manufactures them. It makes money primarily through the sale of these finished jewellery products, which could be through wholesale channels to other retailers, directly to consumers via its own retail outlets, or a combination of both. As a "manufacturer," it likely emphasizes its production capabilities and supply chain efficiency.

Revenue Mix

Specific information on AJC Jewel Manufacturers Ltd.'s key segments or revenue mix is not publicly available. However, typical segments for a company in this industry might include:

Diamond Jewellery

Gold Jewellery (plain gold or studded with other precious stones)

Manufacturing Services (for third-party brands or retailers)

Wholesale Sales vs. Retail Sales

Industry

The Indian Diamond & Jewellery industry is one of the largest globally, characterized by a mix of highly organized national players (e.g., Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers) and a vast number of unorganized, local jewelers. Demand is driven by strong cultural significance (weddings, festivals), investment purposes, and increasing fashion consciousness, supported by rising disposable incomes. As a "manufacturer," AJC Jewel Manufacturers Ltd. likely positions itself based on its manufacturing capabilities, design expertise, quality assurance, and potentially competitive pricing or strong B2B relationships. Without specific market share or brand recognition data, its exact positioning relative to larger organized players or smaller unorganized entities is unclear.

MOAT

Based on the company name, potential competitive advantages for AJC Jewel Manufacturers Ltd. could include:

Manufacturing Expertise & Efficiency: Specialized skills in diamond cutting, polishing, setting, and overall jewellery craftsmanship, leading to cost efficiencies or higher quality.

Sourcing Relationships: Established relationships with diamond and gold suppliers, ensuring consistent supply and potentially better pricing.

Design & Innovation: A strong in-house design team that can create unique and appealing collections aligned with market trends.

Trust & Reputation: For any jewellery company, trust in authenticity, quality, and purity is paramount, which can be built over time through consistent customer satisfaction.

Growth Drivers

Key factors that could drive growth for AJC Jewel Manufacturers Ltd. over the next 3-5 years include:

Growing Indian Economy & Disposable Incomes: Increased purchasing power fuels demand for discretionary luxury items like jewellery.

Cultural Significance: Continued strong demand for jewellery during festivals, weddings, and other traditional events in India.

Urbanization & Modern Retail: Expansion into newer geographies or deeper penetration in urban centers through organized retail or online channels.

Evolving Consumer Preferences: Ability to cater to changing tastes, such as demand for lighter, daily-wear jewellery or contemporary designs.

Export Opportunities: Leveraging manufacturing prowess to tap into international markets, if applicable.

Risks

Key business risks for AJC Jewel Manufacturers Ltd. include:

Raw Material Price Volatility: Significant fluctuations in gold and diamond prices can impact profitability and inventory valuation.

Intense Competition: The highly fragmented and competitive nature of the Indian jewellery market, with both organized and unorganized players.

Economic Downturns: Jewellery sales are often discretionary, making them vulnerable to economic slowdowns or reduced consumer spending.

Regulatory Changes: Changes in import duties, taxes (e.g., GST), or hallmarking regulations can affect operations and costs.

Supply Chain Disruptions: Issues in sourcing diamonds or gold due to geopolitical events, mining restrictions, or logistics problems.

Brand & Trust Issues: Any perceived lapse in quality, authenticity, or ethical sourcing could severely damage reputation and sales.

Management & Ownership

Specific details regarding the promoters, management quality, or ownership structure of AJC Jewel Manufacturers Ltd. are not publicly available. Typically, many companies in the Indian jewellery sector begin as promoter-driven, family-owned businesses, which may transition to professional management over time as they scale up.

Outlook

AJC Jewel Manufacturers Ltd. operates in a vibrant and growing market driven by strong cultural affinity and increasing affluence in India. The company's future hinges on its ability to leverage its manufacturing capabilities, adapt to evolving consumer tastes, and effectively navigate the highly competitive landscape. The bull case suggests potential for growth by capitalizing on rising disposable incomes, expanding distribution channels, and building a reputation for quality and design. Conversely, the bear case involves risks such as significant volatility in raw material prices, intense competition from established national brands and numerous local players, and potential economic slowdowns impacting discretionary spending. Success will depend on efficient operations, robust supply chain management, and potentially successful brand building or strong B2B client relationships.

AJC Jewel Manufact. Share Price

Live · BSE · Inception: 2018
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

AJC Jewel Manufact. Quarterly Results

#(Fig in Cr.) Dec 2025
Net Sales 88
Other Income 0
Total Income 89
Total Expenditure 83
Operating Profit 6
Interest 1
Depreciation 0
Exceptional Income / Expenses 0
Profit Before Tax 5
Provision for Tax 1
Profit After Tax 3
Adjustments 0
Profit After Adjustments 3
Adjusted Earnings Per Share 5.7

AJC Jewel Manufact. Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 127 194 246 220 88
Other Income 0 0 1 1 0
Total Income 127 194 247 221 89
Total Expenditure 125 190 240 215 83
Operating Profit 2 4 6 6 6
Interest 0 1 2 2 1
Depreciation 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 2 3 4 4 5
Provision for Tax 1 1 1 1 1
Profit After Tax 1 2 3 3 3
Adjustments 0 0 0 0 0
Profit After Adjustments 1 2 3 3 3
Adjusted Earnings Per Share 4.3 7 7.3 6.4 5.7

AJC Jewel Manufact. Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 5 7 12 15
Minority's Interest 0 0 0 0
Borrowings 0 1 1 2
Other Non-Current Liabilities 0 0 0 0
Total Current Liabilities 11 27 23 33
Total Liabilities 16 36 37 49
Fixed Assets 1 3 4 3
Other Non-Current Assets 0 1 0 0
Total Current Assets 15 32 33 46
Total Assets 16 36 37 49

AJC Jewel Manufact. Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0
Cash Flow from Operating Activities -4 -2 5 -8
Cash Flow from Investing Activities -0 -3 -1 0
Cash Flow from Financing Activities 4 5 -4 8
Net Cash Inflow / Outflow -0 0 0 0
Closing Cash & Cash Equivalent 0 0 0 1

AJC Jewel Manufact. Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.31 6.99 7.29 6.44
CEPS(Rs) 4.54 7.82 8 7.21
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 17.78 24.77 26.73 33.13
Core EBITDA Margin(%) 1.68 2.03 2.19 2.56
EBIT Margin(%) 1.63 1.94 2.45 2.71
Pre Tax Margin(%) 1.37 1.47 1.8 1.78
PAT Margin (%) 0.96 1.02 1.32 1.3
Cash Profit Margin (%) 1.01 1.15 1.45 1.45
ROA(%) 7.45 7.58 8.92 6.65
ROE(%) 24.22 32.87 34.28 21.5
ROCE(%) 17.8 24.32 30.78 17.71
Receivable days 41.47 27.31 20.53 25.59
Inventory Days 0.5 15.7 24.78 32.39
Payable days 8.56 17.93 23.59 13.08
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.07 0.08 0.05 0.17
EV/Core EBITDA(x) 4.36 3.73 1.92 5.8
Net Sales Growth(%) 0 52.43 26.63 -10.34
EBIT Growth(%) 0 81.51 60.06 -0.79
PAT Growth(%) 0 62.4 63.23 -11.75
EPS Growth(%) 0 62.4 4.33 -11.75
Debt/Equity(x) 1.31 1.74 0.67 2.24
Current Ratio(x) 1.34 1.19 1.41 1.39
Quick Ratio(x) 1.33 0.58 0.68 0.72
Interest Cover(x) 6.37 4.14 3.76 2.89
Total Debt/Mcap(x) 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -11% +20% — —
Operating Profit CAGR 0% +44% — —
PAT CAGR 0% +44% — —
Share Price CAGR +317% — — —
ROE Average +22% +30% +28% +28%
ROCE Average +18% +24% +23% +23%

AJC Jewel Manufact. Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 56.33 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 43.67 %
# Jun 2025 Sep 2025 Mar 2026 Sep 2026
Promoter 56.3356.3356.3356.33
FII 3.97200
DII 3.482.4700
Public 36.2239.243.6743.67
Others 0000
Total 100100100100

AJC Jewel Manufact. Peer Comparison

Diamond & Jewellery Edit Columns

AJC Jewel Manufact. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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AJC Jewel Manufact. Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 30%
  • Debtor days have improved from 23.59 to 13.08days.

Cons

  • Stock is trading at 5.5 times its book value.
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