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Khazanchi Jewellers Overview

Khazanchi Jewellers Ltd is a renowned and distinguished jewelry company, celebrated for its exquisite craftsmanship and timeless designs. With a legacy spanning decades, Khazanchi Jewellers has established itself as a paragon of luxury and elegance in the jewelry industry. The company specializes in creating intricate pieces that blend traditional artistry with contemporary aesthetics, catering to a diverse clientele seeking opulent adornments. Their expansive collection features an array of meticulously crafted jewelry, including stunning ring...Read More

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Khazanchi Jewellers Key Financials

Market Cap ₹1656 Cr.

Stock P/E 36.9

P/B 5.6

Current Price ₹669

Book Value ₹ 118.8

Face Value 10

52W High ₹799.5

Dividend Yield 0%

52W Low ₹ 535

Khazanchi Jewellers Share Price

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Volume
Price

Khazanchi Jewellers Quarterly Price

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Khazanchi Jewellers Peer Comparison

Khazanchi Jewellers Quarterly Results

#(Fig in Cr.) Jun 2023 Dec 2023 Jun 2024 Sep 2024 Dec 2024 Jun 2025 Sep 2025 Dec 2025
Net Sales 187 208 381 375 394 404 549 589
Other Income 0 0 0 0 0 0 0 0
Total Income 187 208 381 375 394 404 549 589
Total Expenditure 181 197 368 360 377 383 516 554
Operating Profit 6 11 13 15 16 21 33 35
Interest 1 1 1 1 1 1 1 1
Depreciation 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0
Profit Before Tax 5 9 13 15 15 20 32 34
Provision for Tax 2 3 3 4 3 5 8 9
Profit After Tax 3 6 9 11 12 15 24 25
Adjustments -0 0 0 -0 0 0 0 -0
Profit After Adjustments 3 6 9 11 12 15 24 25
Adjusted Earnings Per Share 1.6 2.3 3.7 4.3 5 6.1 9.5 10.2

Khazanchi Jewellers Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 361 382 257 481 821 1772 1936
Other Income 1 1 1 1 1 1 0
Total Income 362 382 258 482 822 1773 1936
Total Expenditure 353 374 249 465 780 1707 1830
Operating Profit 9 8 9 17 42 65 105
Interest 6 5 4 6 5 4 4
Depreciation 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0
Profit Before Tax 3 4 4 10 37 61 101
Provision for Tax 1 1 1 3 9 16 25
Profit After Tax 2 3 3 8 27 45 76
Adjustments 0 0 0 0 0 0 0
Profit After Adjustments 2 3 3 8 27 45 76
Adjusted Earnings Per Share 2.3 2.8 3.3 7.6 11 18.2 30.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 116% 90% 37% 0%
Operating Profit CAGR 55% 93% 49% 0%
PAT CAGR 67% 147% 86% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 21% NA% NA% NA%
ROE Average 21% 23% 19% 17%
ROCE Average 24% 20% 15% 14%

Khazanchi Jewellers Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 23 25 29 36 188 231
Minority's Interest 0 0 0 0 0 0
Borrowings 78 46 54 52 19 26
Other Non-Current Liabilities -0 -0 -0 0 0 0
Total Current Liabilities 3 42 42 57 47 62
Total Liabilities 104 113 125 145 254 319
Fixed Assets 13 9 13 13 13 13
Other Non-Current Assets 0 0 0 1 7 11
Total Current Assets 91 104 112 131 234 295
Total Assets 104 113 125 145 254 319

Khazanchi Jewellers Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 0 2 2 0 1
Cash Flow from Operating Activities 6 5 -1 6 -83 0
Cash Flow from Investing Activities -4 4 -4 -1 -6 -4
Cash Flow from Financing Activities -4 -8 5 -6 90 5
Net Cash Inflow / Outflow -2 1 0 -1 1 2
Closing Cash & Cash Equivalent 0 2 2 0 1 3

Khazanchi Jewellers Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.32 2.77 3.29 7.62 11.04 18.15
CEPS(Rs) 2.36 2.84 3.38 7.69 11.15 18.29
DPS(Rs) 0 0 0 0 0 0.5
Book NAV/Share(Rs) 22.85 25.63 28.91 36.3 75.87 93.53
Core EBITDA Margin(%) 2.23 2 2.92 3.25 5 3.65
EBIT Margin(%) 2.38 2.14 3.29 3.48 5.06 3.66
Pre Tax Margin(%) 0.84 0.95 1.64 2.14 4.47 3.43
PAT Margin (%) 0.64 0.72 1.27 1.57 3.33 2.54
Cash Profit Margin (%) 0.65 0.74 1.31 1.59 3.36 2.55
ROA(%) 2.22 2.54 2.75 5.62 13.69 15.68
ROE(%) 10.17 11.45 12.06 23.36 24.41 21.43
ROCE(%) 8.53 8.14 7.94 14.33 22.86 24.07
Receivable days 1.32 0.95 2.84 2.03 5.63 4.58
Inventory Days 87.47 89.78 147.25 88.88 73.17 47.19
Payable days 2.79 7.43 17.32 13.35 5.63 0.72
PER(x) 0 0 0 0 27.64 31.95
Price/Book(x) 0 0 0 0 4.02 6.2
Dividend Yield(%) 0 0 0 0 0 0.09
EV/Net Sales(x) 0.24 0.22 0.36 0.2 0.99 0.85
EV/Core EBITDA(x) 10.14 10.1 10.81 5.61 19.36 22.96
Net Sales Growth(%) 0 5.74 -32.7 87.07 70.76 115.88
EBIT Growth(%) 0 -4.76 3.58 97.6 148.19 56.33
PAT Growth(%) 0 19.45 18.52 131.61 261.13 64.43
EPS Growth(%) 0 19.45 18.52 131.61 44.93 64.43
Debt/Equity(x) 3.43 2.94 2.93 2.35 0.29 0.28
Current Ratio(x) 26.52 2.48 2.64 2.32 4.96 4.78
Quick Ratio(x) 1.25 0.07 0.14 0.06 0.7 0.62
Interest Cover(x) 1.55 1.8 1.99 2.59 8.64 16.06
Total Debt/Mcap(x) 0 0 0 0 0.07 0.05

Khazanchi Jewellers Shareholding Pattern

# Sep 2023 Mar 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 73.68 74.51 74.51 74.51 74.51 74.51 74.51 74.51 74.51
FII 0 0 0 0 0 0 0 0 0.02
DII 1.54 1.49 1.44 1.51 1.6 1.59 1.77 1.76 1.73
Public 24.78 24.01 24.05 23.98 23.89 23.9 23.72 23.73 23.74
Others 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100

Khazanchi Jewellers News

Khazanchi Jewellers Pros & Cons

Pros

  • Company has delivered good profit growth of 86% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 23%
  • Debtor days have improved from 5.63 to 0.72days.
  • Company is almost debt free.

Cons

  • Stock is trading at 5.6 times its book value.
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