1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Luxury Goods
Khazanchi Jewellers Limited

Khazanchi Jewellers Limited

KHAZANCHI.BO
Khazanchi Jewellers LimitedIN flagBombay Stock Exchange
620.00
INR
-7.35
- -
15.34BMarket Cap
Khazanchi Jewellers Limited
KHAZANCHI.BO
(Bombay Stock Exchange)

Recent

price

620.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
2026
TTM
FRC
145.91
154.29
103.83
194.23
331.67
716.43
- -
827.1
Revenue per Share
0.93
1.11
1.32
3.06
11.04
18.18
- -
36.09
Basic EPS, GAAP
0.77
1.77
-4.96
2.01
-34.87
-1.33
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.5
- -
- -
Dividend per Share
9.17
10.28
11.6
14.57
31.59
49.27
- -
9.99
Book Value per Share
9.17
10.28
11.6
14.56
75.86
93.56
- -
128.96
Tangible Book Value per Share
25
25
25
25
25
25
- -
25
Basic Weighted Avg Shares
3,611
3,818
2,569
4,807
8,208
17,719
20,492
20,492
Sales/Revenue/Turnover
2.22
3.48
2.89
3.24
4.97
3.61
6.08
6.08
Operating Margin (%)
- -
1
1
1
3
3
6
6
Depreciation Expense
23
28
33
76
273
450
894
894
Net Income, GAAP
23.94
24.22
22.51
26.34
25.57
26.07
25.95
25.95
Effective Tax Rate (%)
0.64
0.72
1.27
1.57
3.33
2.54
4.36
4.36
Profit Margin (%)
874
623
695
747
1,870
2,336
2,946
2,946
Working Capital
779
458
535
523
186
256
- -
- -
LT Debt
227
254
287
360
1,878
2,314
3,196
3,196
Total Equity
- -
10.05
5.41
9.78
16.22
16.78
24.89
24.89
Return on Invested Capital (%)
- -
6.15
6.14
10.54
24.36
29.83
58.1
58.1
Return on Capital (%)
- -
11.45
12.06
23.36
47.84
44.96
121.99
122
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
543
1,051
1,104
LT Borrowings
53
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
25
25
25
Market Capitalization
14,582
19,016
15,501

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
3,570
4,228
4,405
Cash, Cash Equivalents & STI
83
90
82
Accounts Receivable, Net
365
337
222
Inventories
3,064
3,596
4,078
Total Current Liabilities
1,053
1,535
1,459
Payables & Accruals
- -
- -
- -
ST Debt
543
1,051
1,104
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
104.11%
38.07%
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

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,868
2,190
2,075
2,075
8,208
2025
3,811
3,752
3,937
6,220
17,719
2026
4,037
5,486
5,890
5,079
20,492

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.12
- -
2.34
- -
11.04
2025
3.72
4.36
5
- -
18.18
2026
6.12
9.52
10.12
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.5
2026
- -
- -
- -
- -
- -
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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.