Key Metrics of PC Jeweller
About PC Jeweller
Sectors
Company details
- Website
- pcjeweller.com
- Registered office
- 2713, 3rd Floor Bank Street, Karol Bagh, New Delhi, New Delhi, 110005
- Listed
- NSE: PCJEWELLER · ₹14.92
Operational Areas of PC Jeweller
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 14 Sep 2023 | CARE | Other | — | — | — | — | View |
| 22 Jun 2022 | CARE | Other | — | — | — | — | View |
| 28 Mar 2022 | CARE | Non-cooperating | D | — | — | ₹600 Cr | View |
| 05 Jan 2021 | CARE | Non-cooperating | D | — | — | ₹600 Cr | View |
| 10 Dec 2019 | CARE | Other | — | — | — | ₹300 Cr | View |
| 26 Nov 2019 | CARE | Other | — | — | — | ₹300 Cr | View |
| 22 Aug 2019 | CARE | Other | — | — | — | ₹300 Cr | View |
| 10 Jun 2019 | CARE | Watch (from BBB) | BB+ | — | Developing | ₹600 Cr | View |
| 21 May 2019 | CARE | Watch | BBB | — | — | ₹600 Cr | View |
| 02 Jan 2019 | CARE | Reaffirmed | BBB | — | Negative | ₹300 Cr | View |
| 24 Jul 2018 | CARE | Revised (from A) | BBB | — | Negative | ₹400 Cr | View |
| 09 Jul 2018 | CARE | Watch (from A+) | A | — | Negative | ₹400 Cr | View |
| 30 Apr 2018 | CARE | Watch | A+ | — | Negative | ₹500 Cr | View |
Credit strengths (CARE, Mar 2022)
+ Experienced promoter coupled with long track record of operations
Mr. Balram Garg, promoter and director of PCJ has an experience of more than two decades in the manufacturing and retail sales of hand crafted gold jewellery. Prior to joining PCJ, he had worked for his family owned jewellery firm. PCJ commenced its operations in year 2005 with one showroom located at Karol Bagh (Delhi). Till year 2007 company was mainly engaged in wholesale and retail sales of gold and diamond studded jewellery in domestic market after which company started its export
+ Analytical approach: Standalone
Applicable Criteria Policy in respect of Non -cooperation by issuer Policy on default recognition Financial Ratios – Non financial Sector Liquidity Analysis of Non -financial sector entities Rating Outlook and Credit Watch Cut and Polished Diamonds
+ Brief Financials (Rs. crore) 31-03-2020 (A) 31-03-2021 (A) 9MFY22 (UA)
Total operating income 5,010.18 2,686.59 1426.80 PBILDT 533.20 424.53 113.33 PAT 78.50 60.84 -210.59 Overall gearing (times) 0.61 0.56 - Interest coverage (times) 1.48 1.11 0.35 A: Audited Status of non-cooperation with previous CRA: NA
+ Total operating income 5,010.18 2,686.59 1426.80
PBILDT 533.20 424.53 113.33 PAT 78.50 60.84 -210.59 Overall gearing (times) 0.61 0.56 - Interest coverage (times) 1.48 1.11 0.35 A: Audited Status of non-cooperation with previous CRA: NA Any other information: NA
+ CARE D (FD); ISSUER NOT
Fixed Deposit - - ^ 300.00 COOPERATING* ^The tenor of the fixed deposit scheme ranges between 6 to 20 months which is on -going with no fixed maturity date Annexure-2: Rating History of last three years Current Ratings Rating history Date(s) Date(s) Date(s) & & &
Credit challenges
− Stretched liquidity position
Agency-reported financials (CARE, 14 Sep 2023)
| Metric | Q1FY24 |
|---|---|
| Total operating income | ₹74.00 Cr |
| PBILDT | ₹-42.00 Cr |
| PAT | ₹-,173.00 Cr |
| Overall gearing (times) | — |
| Interest coverage (times) -ve 0.55 -ve | 0.55× |
| EBITDA margin | −56.8% |
| Implied interest cost (EBITDA ÷ coverage) | — |
| PAT margin | −233.8% |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| crore) (FD) ISSUER NOT continues to remain under Fixed Deposit | Fixed deposits | — | ₹300 Cr | — | D | Non-cooperating | CARE |
| [Single D (Fixed Deposit) ] Total Medium Term | Fixed deposits | — | ₹300 Cr | — | — | Non-cooperating | CARE |
CARE ratings on record (checked 23 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Fixed Deposit | — | Withdrawn |
Credit assessment · Jewellery retail
ICRA Rating Methodology – Jewellery (Retail) (Mar 2026) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | Last default 28 Mar 2022 |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 38% |
| Information on file | 67% · missing: Capex / investment plans, Auditor details, Recent rating review (last 15 months) |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 32% chance the next rating action is stable or better
- Interest coverage 0.55×
Rated limits by facility
Timeline
From the report
There is also a decline in cash and bank Balance of the company from Rs.226.91 crore as on March 31, 2020 and further to Rs.171.31 crore as on March 31, 2021.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of PC Jeweller
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
| Jewellery · Consumer Electronics & Devices | rajeshindia.com | — | Bangalore, India | |
| Outlets operated by Titan World. | titancompany.in | — | Vijayawada, India | |
| Grt Jewellers (India) Private Limited | Jewellery · Consumer Electronics & Devices | — | — | Chennai, India |
 Kalyan Jewellers |
Outlets operated by Kalyan Jewellers. | kalyanjewellers.net | 1993 | Thrissur, India |
 Joyalukkas India Limited |
Outlets operated by Joyalukkas Show Room. | joyalukkas.com | — | Thrissur, Kerala, India |
 Tribhovandas Bhimji Zaveri |
Jewellery · Consumer Electronics & Devices | tbztheoriginal.com | — | Mumbai, India |
| Kirtilal Kalidas Jewellers Private Limited | Jewellery · Consumer Electronics & Devices | — | — | Tamil Nadu, India |
| Radhika Jeweltech Limited | · Manufacturing (Metals and Chemicals, and products thereof) | — | — | Gujarat, India |
| Pngs Reva Diamond Jewellery Limited | Jewellery · Consumer Electronics & Devices | — | — | Pune, Maharashtra, India |
| Advit Jewels Limited | · Manufacturing (Others) | — | — | Jaipur, Rajasthan, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Jewellery
Filings
No filings on record yet.