Who are PC Jeweller's main competitors?

Named competitors: Titan (Tanishq) (TITAN.NS), Kalyan Jewellers (KALYANKJIL.NS), Thangamayil (THANGAMAYL.NS). The cockpit's measured peer set (industry) also includes Sky Gold and Diamonds (SKYGOLD.NS), Savaria (SIS.TO), China National Gold Group Gold Jewellery (600916.SS), Thangamayil Jewellery (THANGAMAYL.NS), Mokingran Jewellery (2585.HK), Lao Feng Xiang (600612.SS).

Is PC Jeweller expensive compared with its peers?

On ev / sales it trades at 4.2× against a peer median of 1.9×, 5th most expensive of 20 in its peer set.

How has PC Jeweller stock performed?

Over six months to 6 Nov 2026 the shares returned +66.5% against -5.8% for the median peer; over one year +36.1%.

← CockpitCompetitor Analysis › PCJEWELLER.NS PC Jeweller Ltd.Open in the cockpit ↗

PC Jeweller Ltd.PCJEWELLER.NSCompetitor analysis, valuation and peers

India · INR·Consumer & Retail›Other Consumer Specialties

Delhi-based jewelry retailer selling gold and diamond jewelry, recovering after a period of high debt.

≈ A turnaround-stage regional jewelerMomentum leader 99

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.63B

US dollars, full cap

Free float

45%

of shares outstanding

$/day

$154M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-13.0 pp

WACC 20.0%

Hurdle

n/a

no reverse DCF

Close · INR₹15.77

1D+1.4%

1W+1.9%

1M+20.0%

3M+62.9%

6M+66.5%

YTD+65.5%

1Y+36.1%

ATR %6.8%

Beta0.88

52w lowhigh21.5% off high

What PC Jeweller does

Delhi-based jewelry retailer selling gold and diamond jewelry, recovering after a period of high debt.

In one line: A turnaround-stage regional jeweler.

Products and services

Gold jewelry
Diamond jewelry

Customers

Retail consumers

Where it sits in the supply chain

Gold sourcing
Jewelry manufacturing/retail

What could go right

Post-restructuring recovery
Gold demand growth

What could go wrong

Legacy debt/legal overhang
Trust rebuilding with lenders/customers

Moat: none (brand). Regional brand recognition only; balance sheet stress previously weakened competitive position.

Headquarters: New Delhi, India · Founded: 2005 · Employees: 702

Named competitors

Titan (Tanishq) TITAN.NS
Kalyan Jewellers KALYANKJIL.NS
Thangamayil THANGAMAYL.NS

PC Jeweller at a glance

Size PC Jeweller (PCJEWELLER.NS) is an India Consumer Discretionary company (Other Consumer Specialties) with a market value of $1.63B, the 434th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹15.77 on 6 Nov 2026.

Performance Over six months the shares gained 66.5%, against -5.8% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 20 in its peer set.

Growth Revenue grew 29.3% over the last twelve months (peer median +15.2%); the operating margin is 24.0% (peer median 11.1%).

Valuation It trades at 4.2× enterprise value to sales against a peer median of 1.9× (5th most expensive of 20).

Capital Return on invested capital runs 13.0 points below its cost of capital (20.0% WACC).

Relative performance

Six months, rebased to 100: PC Jeweller against the median of its 20 peers (local-currency closes).

PC Jeweller financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹37.3B	₹33.5B	₹22.4B	₹6.05B	₹24.7B
Revenue growth	—	+49%	+271%	-76%	—
Gross profit	₹9.55B	₹7.02B	₹4.28B	-₹1.29B	₹2.84B
EBITDA	₹9.17B	₹6.73B	₹3.97B	-₹1.70B	₹2.56B
Net income	₹8.96B	₹7.14B	₹5.78B	-₹6.29B	-₹2.03B
Free cash flow	n/a	-₹2.00B	-₹6.75B	₹351M	-₹159M
Capital expenditure	n/a	₹33.4M	₹5.70M	₹1.30M	₹29.2M
Total debt	₹3.39B	₹11.7B	₹21.5B	₹41.5B	₹37.4B

Quarterly statements and history in the cockpit →

PC Jeweller competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. PC Jeweller is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. PC Jeweller is the large dot.

PC Jeweller competitors and peer comparison

Head to head with its named competitors (PCJEWELLER.NS vs TITAN.NS vs KALYANKJIL.NS vs THANGAMAYL.NS)
Company	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g
PC Jeweller PCJEWELLER.NS	$1.63B	+67%	+29%	24%	4.2×	n/a
Titan TITAN.NS	$46.9B	+16%	+45%	9%	4.8×	n/a
Kalyan Jewellers India KALYANKJIL.NS	$6.47B	+44%	+46%	6%	1.6×	n/a
Thangamayil Jewellery THANGAMAYL.NS	$1.37B	+1%	+78%	6%	1.4×	28.5%

How PC Jeweller compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

PC Jeweller against its 20 peers (data as of 6 Nov 2026)
Measure	PCJEWELLER.NS	Peer median	Rank in peer set
1-month return	+20.0%	-0.3%	2nd highest of 21
6-month return	+66.5%	-5.8%	4th highest of 20
Distance from 52-week high	-21.5%	-30.4%	8th highest of 21
Revenue growth (TTM)	+29.3%	+15.2%	8th highest of 21
Operating margin	24.0%	11.1%	2nd highest of 21
EV / Sales	4.2×	1.9×	5th most expensive of 20
ROIC minus cost of capital	-13.0 pp	+3.0 pp	lowest of 20
EV / EBITDA	17.1×	18.1×	8th cheapest of 15
Net debt / EBITDA	0.3×	-0.0×	8th most indebted of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
PC Jeweller PCJEWELLER.NS	India	$1.63B	+67%	+29%	24%	4.2×	n/a	n/a
Sky Gold and Diamonds SKYGOLD.NS	India	$1.56B	+92%	+73%	7%	1.9×	n/a	n/a
Savaria SIS.TO	Canada	$1.53B	+3%	+7%	14%	2.4×	9.3%	+20.8%
China National Gold Group Gold Jewellery 600916.SS	China	$1.80B	-20%	-9%	0%	0.1×	24.2%	+15.6%
Thangamayil Jewellery THANGAMAYL.NS	India	$1.37B	+1%	+78%	6%	1.4×	28.5%	+36.1%
Mokingran Jewellery 2585.HK	Hong Kong	$1.37B	+118%	+5%	4%	0.6×	n/a	n/a
Lao Feng Xiang 600612.SS	China	$2.04B	-17%	-40%	6%	0.4×	-16.9%	+0.4%
DR Corporation Limited Class A 301177.SZ	China	$1.29B	-26%	-4%	-6%	3.4×	n/a	n/a
Gens Aurea OROX.MI	Italy	$1.27B	n/a	+95%	11%	n/a	n/a	n/a
Mitsubishi Pencil 7976.T	Japan	$1.16B	+52%	+6%	13%	1.7×	n/a	n/a
Guangdong CHJ Industry 002345.SZ	China	$1.11B	-19%	+14%	13%	0.8×	-11.5%	+23.9%
Samsonite 1910.HK	Hong Kong	$2.52B	-6%	+1%	15%	1.2×	-12.2%	+18.0%
Beijing Kingee Culture Development 002721.SZ	China	$965M	-21%	+45%	15%	6.6×	26.5%	-25.9%
Wiselink 8932.TWO	Taiwan	$941M	-19%	+24%	47%	12.3×	10.0%	+23.2%
Timex Group India TIMEX.NS	India	$750M	+90%	+42%	15%	8.3×	25.7%	+41.7%
Safari Industries (India) SAFARI.NS	India	$651M	-18%	+14%	9%	2.9×	31.3%	+44.2%
Zhou Liu Fu Jewellery 6168.HK	Hong Kong	$632M	-42%	+2%	19%	0.9×	n/a	n/a
Seiko 8050.T	Japan	$4.71B	+54%	+16%	11%	2.2×	24.4%	+10.6%
Senco Gold SENCO.NS	India	$556M	-7%	+42%	9%	0.5×	n/a	n/a
KDDL KDDL.NS	India	$518M	+64%	+32%	9%	2.1×	33.2%	+31.5%
Goldiam International GOLDIAM.NS	India	$505M	+1%	+27%	20%	4.4×	35.6%	+19.2%

Questions

Who are PC Jeweller's main competitors?: Named competitors: Titan (Tanishq) (TITAN.NS), Kalyan Jewellers (KALYANKJIL.NS), Thangamayil (THANGAMAYL.NS). The cockpit's measured peer set (industry) also includes Sky Gold and Diamonds (SKYGOLD.NS), Savaria (SIS.TO), China National Gold Group Gold Jewellery (600916.SS), Thangamayil Jewellery (THANGAMAYL.NS), Mokingran Jewellery (2585.HK), Lao Feng Xiang (600612.SS).
Is PC Jeweller expensive compared with its peers?: On ev / sales it trades at 4.2× against a peer median of 1.9×, 5th most expensive of 20 in its peer set.
How has PC Jeweller stock performed?: Over six months to 6 Nov 2026 the shares returned +66.5% against -5.8% for the median peer; over one year +36.1%.