1. India Stocks

  2. •

    Distribution services

  3. •

    Wholesale distributors
Khazanchi Jewellers Ltd.

Khazanchi Jewellers Ltd.

BBSE:KHAZANCHI
707.40
INR
-12.60
(-1.75%)
41.15EPS
14.96P/E
15.23BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
145.91
154.29
103.83
194.23
331.67
715.97
827.99
899.28
Basic EPS, GAAP
0.93
1.11
1.32
3.06
11.04
18.17
36.13
41.15
Free Cash Flow per Basic Share
0.77
1.77
-4.96
2.01
-34.87
-1.33
-17.1
- -
Dividend per Share
- -
- -
- -
- -
- -
0.5
0.5
- -
Book Value per Share
9.17
10.28
11.6
14.57
75.86
93.53
129.14
140.29
Tangible Book Value per Share
9.17
10.28
11.6
14.56
75.85
93.51
129.11
140.27
Basic Weighted Avg Shares
25
25
25
25
25
25
25
25
Sales/Revenue/Turnover
3,611
3,818
2,569
4,807
8,208
17,718
20,490
22,312
Operating Margin (%)
2.22
3.48
2.89
3.24
4.97
3.63
6.08
6.38
Depreciation Expense
- -
1
1
1
3
3
6
11
Net Income, GAAP
23
28
33
76
273
450
894
1,021
Effective Tax Rate (%)
23.94
24.22
22.51
26.34
25.57
26.07
25.95
25.82
Profit Margin (%)
0.64
0.72
1.27
1.57
3.33
2.54
4.36
4.58
Working Capital
874
623
695
747
1,736
2,129
2,946
3,223
LT Debt
779
458
535
523
55
51
- -
- -
Total Equity
227
254
287
360
1,877
2,315
3,196
3,472
Return on Invested Capital (%)
- -
5.82
5.63
9.97
16.24
16.79
24.92
27.71
Return on Capital (%)
- -
6.15
6.14
10.54
17.01
17.71
25.75
28.17
Return on Common Equity (%)
- -
11.45
12.06
23.36
24.42
21.45
32.45
34.39

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
1,051
1,104
1,114
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
25
25
25
Market Capitalization
18,993
15,483
15,232

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
4,228
4,398
4,999
Cash, Cash Equivalents & STI
90
75
28
Accounts Receivable, Net
337
222
298
Inventories
3,596
4,078
4,659
Total Current Liabilities
1,535
1,452
1,776
Payables & Accruals
- -
- -
- -
ST Debt
1,051
1,104
1,114
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
104.09%
38.06%
Free Cash Flow
- -
-253.53%
1,181.95%
Net Income, GAAP
- -
114.94%
98.87%
Sales/Revenue/Turnover
- -
51.33%
15.65%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3,811
3,752
3,937
6,220
17,718
2026
4,037
5,486
5,890
5,079
20,490
2027
5,857
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3.72
4.36
5
5.07
18.17
2026
6.12
9.52
10.12
10.34
36.13
2027
11.16
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.5
2026
- -
- -
- -
- -
0.5
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Aashish Mehta
Full Time Employees
86
Sector
Distribution services
Industry
Wholesale distributors
Address
130, NSC Bose Road Chennai TN India 600079
IPO Date
Aug 7, 2023
Website
khazanchi.co.in
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Business
Khazanchi Jewellers Limited designs, manufactures, crafts, and sells gold, diamond, silver, and precious stone jewelry products, along with bullion in the form of coins and bars, primarily through wholesale and retail channels in India. The company offers a diverse portfolio encompassing necklaces, chains, rings, earrings, bangles, bracelets, pendants, nose pins, mangalsutras, kadas, temple jewelry, Kundan, Kerala, and Calcutta styles; it also provides traditional, contemporary, lightweight, fusion, wedding, festive, and daily wear designs, with approximately 25 product categories and over 500,000 designs in its library. Products are sold via a 1,200 sq. ft. retail showroom in Chennai and B2B channels including exhibitions, with some manufacturing in-house and outsourcing to third-party artisans across India. Founded in 1971 by Tarachand Mehta and originally incorporated as Khazanchi Jewellers Private Limited on March 25, 1996, the company converted to a public limited entity and changed its name to Khazanchi Jewellers Limited on April 27, 2023; it is headquartered at No. 130, NSC Bose Road, Sowcarpet, Chennai, Tamil Nadu. Khazanchi Jewellers listed on the BSE SME platform through an initial public offering of Rs 97 crore in August 2023, marking a significant capital-raising milestone. The company employs 37 people and targets retail consumers and wholesale buyers in the gems and jewelry sector, with a focus on ethical sourcing and hallmarking compliance. In recent developments, Khazanchi Jewellers participated in the Gems & Jewellery India International Fair (GJIIF) 2025, securing orders worth Rs 55-90 crore and launching its new brand 'VAJRAA DIAMONDS – BY KHAZANCHI' for contemporary natural diamond jewelry. The company plans to open a 10,000 sq. ft. flagship showroom in Sowcarpet, Chennai, by Q2 FY26, featuring expanded gold, silver, platinum, and diamond collections, alongside geographic expansion in Tamil Nadu and southern India with 2-3 additional stores by FY28 and enhanced B2B presence nationwide. It also introduced a jewellery purchase app for gold rate tracking, flexible payments, and savings schemes with discounts, while targeting 20% in-house production to improve margins.