Deepa Jewellers Limited
NSE: DEEPAGems, Jewellery And Watches
Share price
₹245.53
+5.47% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 6 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
64
out of 100 · worked out 8 Oct 2026
Your ratios
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Market cap
₹2,237 Cr
P/E ratio
20.2
P/B ratio
—
ROCE
51.6%
ROE
56.6%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Fewer than three years of filings — too early to judge growth.
Whether it grew faster than its sector
It grew 30.0% a year against a sector median of 11.3% — 18.8 percentage points faster.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 0.3 times its growth rate, on earnings growth of 68%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Deepa Jewellers Limited — this one | 68%/yr | 20.2× | ₹0.30 |
| Kalyan Jewellers India Limited | 45%/yr | 39.0× | ₹0.87 |
| Lalithaa Jewellery Mart Limited | — | 20.8× | — |
| Thangamayil Jewellery Limited | 64%/yr | 38.0× | ₹0.59 |
| SKY GOLD AND DIAMONDS LIMITED | 144%/yr | 41.0× | — |
| PC Jeweller Limited | 77%/yr | 17.6× | ₹0.23 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Gems, Jewellery And Watches), it ranks 2 of 38 on returns, 8 of 35 on growth, 24 of 40 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A wide advantage: it earns 51.6% on capital, ahead of 95% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹18 crore of cash before any plant spend, funded mostly borrowed — borrowings rose from ₹51 crore to ₹117 crore. And the profit is not backed by cash: it reported a profit over 5 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being waiting 28 days for its cash to waiting 52 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
7 of 8 checks clear · 88%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 28 Sep 2026 · Standalone · Unaudited
Revenue
₹431 Cr
Net profit
₹27 Cr
Net margin
6.2%
EPS
₹3.26
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹2,237 Cr
- Prev close
- ₹245.53
- 52w High
- ₹242
- 52w Low
- ₹165
- Enterprise value
- ₹2,354 Cr
- Beta
- —
- Price CAGR 1y
- —
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 29.4%
- PEG ratio
- 0.3
- P/E ratio
- 20.2
- P/B ratio
- —
- EV / EBITDA
- 16.1
- Industry P/E
- 21.3
- ROCE
- 51.6%
- ROCE 5y average
- 33.3%
- ROE
- 56.6%
- Debt / Equity
- 0.5
- Interest coverage
- 24.3
- Dividend yield
- 0.0%
- ROE 3y average
- 45.0%
- ROE last year
- 56.0%
Annual P&L
- Annual revenue
- ₹1,927 Cr
- Annual profit
- ₹105 Cr
- Operating margin
- 8.0%
- Net profit margin
- 5.4%
- EBITDA margin
- 7.6%
- Sales growth 3y
- 27.9%
- Sales growth 5y
- —
- Profit growth 3y
- 68.0%
- Profit growth 5y
- —
- EPS
- ₹12.8
- Sales growth TTM
- 38.0%
- Profit growth TTM
- 158.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹431 Cr
- Profit latest quarter
- ₹27 Cr
- YoY quarterly sales growth
- 39.0%
- YoY quarterly profit growth
- 28.6%
- OPM latest quarter
- 9.0%
Balance Sheet
- Book Value
- ₹24.8
- Face Value
- ₹2.0
- Total debt
- ₹117 Cr
- Total cash
- —
- Borrowings
- ₹117 Cr
- Reserves / Equity
- 13.9
Cash Flow
- Operating cash flow
- -₹15 Cr
- Free cash flow
- -₹19 Cr
- FCF yield
- -1.1%
- Net cash flow
- ₹0 Cr
Shareholding
- Promoter holding
- 73.0%
- FII holding
- 2.7%
- DII holding
- 8.1%
- Public holding
- 16.2%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Titan Company | 4,580.00 | 69.7 | 4,06,606 | 0.33 | 1,777.0 | 62.9 | 21,356.0 | 29.3 | 20.5 |
| Kalyan Jewellers | 556.85 | 39.3 | 57,509 | 0.45 | 348.7 | 32.0 | 10,588.9 | 45.7 | 21.1 |
| Lalithaa Jewel | 392.60 | 23.0 | 21,974 | 0.00 | 208.4 | -21.1 | 6,039.6 | 26.2 | 38.0 |
| Thangamayil Jew. | 4,747.00 | 37.6 | 14,755 | 0.38 | 85.1 | 86.2 | 2,666.4 | 71.2 | 25.5 |
| PC Jeweller | 13.06 | 16.5 | 12,809 | 0.00 | 221.9 | 37.0 | 877.0 | 21.0 | 9.6 |
| Sky Gold & Diam. | 825.90 | 38.2 | 12,791 | 0.00 | 104.9 | 136.9 | 2,012.8 | 77.9 | 26.9 |
| Bluestone Jewel | 790.65 | 214.5 | 12,079 | 0.00 | 6.0 | 120.2 | 736.9 | 49.6 | 6.8 |
| Deepa Jewellers | 194.93 | 17.0 | 1,874 | 0.00 | 26.8 | 27.0 | 431.1 | 39.0 | 51.6 |
| Median | 291.20 | 20.1 | 1,297 | 0.00 | 22.9 | 48.9 | 431.1 | 39.9 | 21.9 |
Competes with: BlueStone Jewellery and Lifestyle Limited, Kalyan Jewellers India Limited, Lalithaa Jewellery Mart Limited, PC Jeweller Limited, RBZ Jewellers Limited, SKY GOLD AND DIAMONDS LIMITED, Shanti Gold International Limited, Thangamayil Jewellery Limited, Titan Company
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Sales | 310 | 812 | 541 | 431 |
| Expenses | 281 | 745 | 502 | 392 |
| Material Cost | 449 | |||
| Change in Inventories | -59 | |||
| Purchases of Stock-in-Trade | 0.14 | |||
| Employee Cost | 1.64 | |||
| Other Expenses | 0.65 | |||
| Operating Profit | 29 | 68 | 39 | 39 |
| OPM % | 9 | 8 | 7 | 9 |
| Other Income | 0 | 0 | 1 | 0 |
| Exceptional items (within Other Income) | 0 | |||
| Interest | 0 | 2 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 28 | 65 | 37 | 36 |
| Tax % | 26 | 25 | 25 | 25 |
| Net Profit | 21 | 49 | 28 | 27 |
| EPS in Rs | 51 | 119 | 3.41 | 3.26 |
| Diluted EPS in Rs | 3.26 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 638 | 921 | 1,025 | 1,397 | 1,927 |
| Expenses | 612 | 888 | 989 | 1,341 | 1,780 |
| Operating Profit | 25 | 33 | 36 | 56 | 146 |
| OPM % | 4 | 3.60 | 3.50 | 4 | 8 |
| Other Income | 0 | 0 | 1 | 3 | 1 |
| Interest | 3 | 4 | 4 | 4 | 6 |
| Depreciation | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 22 | 30 | 33 | 54 | 140 |
| Tax % | 25 | 25 | 25 | 26 | 25 |
| Net Profit | 16 | 22 | 24 | 41 | 105 |
| EPS in Rs | 40 | 54 | 59 | 99 | 13 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- —
- 3 years
- 28%
- TTM
- 38%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- 68%
- TTM
- 158%
Return on equity
- 10 years
- —
- 5 years
- 43%
- 3 years
- 45%
- Last year
- 56%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 16 |
| Reserves | 42 | 64 | 88 | 129 | 222 |
| Borrowings | 51 | 83 | 78 | 81 | 117 |
| Other Liabilities | 8 | 1 | 4 | 4 | 2 |
| Total Liabilities | 105 | 153 | 175 | 218 | 357 |
| Fixed Assets | 0 | 1 | 1 | 1 | 8 |
| CWIP | 0 | 0 | 0 | 0 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 105 | 152 | 174 | 217 | 347 |
| Total Assets | 105 | 153 | 175 | 218 | 357 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from Operating Activity | 8 | -6 | 5 | -10 | -15 |
| Cash from Investing Activity | -0 | -16 | 6 | 10 | -4 |
| Cash from Financing Activity | -8 | 22 | -9 | -2 | 19 |
| Net Cash Flow | -0 | 0 | 1 | -1 | 0 |
| Free Cash Flow | 8 | -7 | 5 | -10 | -19 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 26 | 36 | 32 | 34 | 48 |
| Inventory Days | 36 | 19 | 27 | 23 | 18 |
| Days Payable | 4 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 58 | 54 | 58 | 57 | 66 |
| Working Capital Days | 28 | 38 | 43 | 45 | 52 |
| ROCE % | 27 | 23 | 31 | 52 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
News
News and filings about Deepa Jewellers Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Consumer Durables
- Industry
- Gems, Jewellery And Watches
- Classification
- Consumer Durables › Gems, Jewellery And Watches
- ISIN
- INE1M2N01020
News impact
Big market events that reach Deepa Jewellers Limited, and how the effect spreads.
28 Sept, 10:16 IST · Market event · high impact
PC Jeweller shares rise 4% as firm becomes debt-free; stock rallies 89% in 6 months
PC Jeweller cleared all bank loans early and posted strong quarterly profit, which helps its own shareholders and mildly lifts sentiment for other jewellers without hurting anyone directly.
Who it hits first
- PC Jeweller, a jewellery retailer, cleared its loans to all 14 banks ahead of schedule, so it now pays no bank interest and keeps more profit.
- The company also reported quarterly profit up 37% to Rs 222 crore on revenue up 21% to Rs 877 crore, confirming the business is improving, not just the balance sheet.
- The stock rose 4% on the news and is up 89% in six months, showing investors already expected much of this turnaround.
Who may gain
- PC Jeweller shareholders, who own a debt-free company with lower risk and higher profit.
- Other listed jewellers such as Titan, Kalyan Jewellers and Lalithaa, who get a small sentiment lift as investors re-rate jewellery demand.
- Banks in the old 14-bank group, who got repaid early and free up lending capacity.
Along the supply chain
Downstream
No direct downstream link — jewellery is sold to shoppers, not to another factory, so no customer factory gains work from this.
Upstream
No direct supply-chain link — PC Jeweller names no gold or diamond supplier in the pack, and repaying banks does not order more metal.
Where demand moves
Business
No new customer demand is created — shoppers do not buy more gold because one jeweller repaid loans; the business benefit is lower interest cost, so more of each sale becomes profit.
Capital
Investors are moving money into PC Jeweller as a turnaround bet, with a small spillover of buying interest into profitable jewellery peers.
How it spreads across sectors
Consumer Durables
Mild positive for jewellery makers as PC Jeweller's profit growth signals healthy festive demand, but no cost or order change for paint, appliance or other durable makers.
Consumer Services
No real readthrough — jewellery retail strength does not fill hotels, restaurants or online carts.
When it plays out
Immediate
1–7 days: PC Jeweller stays firm on debt-free headlines; peers see small sympathy moves.
Medium term
1–6 months: PC Jeweller must show it can grow stores and margins debt-free; peers trade on their own results.
Short term
1–4 weeks: focus shifts to festive jewellery sales and whether PC Jeweller sustains profit without debt.
22 Sept, 16:24 IST · Market event · high impact
75% rally in 6 months! PC Jeweller share price zooms over 6% | Here's why
PC Jeweller paid off over 98% of its bank loans, lifting its own shares as borrowing costs fall, while rival jewellers gain only sentiment with no direct sales boost.
Who it hits first
- PC Jeweller Limited, a jewellery retailer, cleared its outstanding loans from its group of banks, settling over 98% of its debt and moving toward debt-free status.
- Its shares rose 6.10% on the day and are up 75% in six months as investors price in lower interest costs and lower failure risk.
- Rival jewellers see no change in their own loans or sales from this news, only a small sentiment lift for the jewellery sector.
Who may gain
- PC Jeweller shareholders, who now own a jewellery retailer with far lower debt and smaller interest bills.
- PC Jeweller's consortium banks, whose loans are now repaid with risk removed.
- Listed jeweller peers broadly, who get a small confidence lift as one stressed name cleans up.
Along the supply chain
Downstream
No direct downstream link — shoppers and showrooms see no price or supply change from the loan repayment.
Upstream
No direct upstream link — gold and diamond suppliers see no extra orders, since this is a balance-sheet clean-up, not higher jewellery output.
Where demand moves
Business
No new household demand for jewellery — PC Jeweller sold no extra gold; the gain is financial, as cash that went to interest payments can now fund stock and stores.
Capital
Fresh buying flows into PC Jeweller shares on the solvency news, with a light sympathy bid for listed jeweller peers such as Titan and Kalyan Jewellers.
How it spreads across sectors
Consumer Durables
Mild positive sentiment for jeweller stocks as one peer's debt risk fades, but no change in gold demand, costs, or sales across the sector.
When it plays out
Immediate
PC Jeweller shares stay firm over 1–7 days as the 6.10% jump digests and traders watch for debt-free confirmation.
Medium term
Over 1–6 months PC Jeweller's lower interest bill can show in profits if sales hold, while peers stay unaffected.
Short term
Over 1–4 weeks peers drift with gold prices and festive demand, not this news, unless PC Jeweller confirms zero debt.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 7 Oct 2026 | QE SECURITIES LLP | SELL | 12,31,207 | ₹232.01 |
| 7 Oct 2026 | QE SECURITIES LLP | BUY | 12,03,243 | ₹231.87 |
| 7 Oct 2026 | ALPHAGREP SECURITIES PRIVATE LIMITED | BUY | 10,91,527 | ₹232.73 |
| 7 Oct 2026 | ALPHAGREP SECURITIES PRIVATE LIMITED | SELL | 10,91,527 | ₹232.79 |
| 7 Oct 2026 | MICROCURVES TRADING PRIVATE LIMITED | SELL | 6,38,942 | ₹233.11 |
| 7 Oct 2026 | MICROCURVES TRADING PRIVATE LIMITED | BUY | 6,38,942 | ₹233.04 |
| 7 Oct 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | BUY | 6,08,096 | ₹232.46 |
| 7 Oct 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | SELL | 6,05,634 | ₹232.53 |
| 7 Oct 2026 | HRTI PRIVATE LIMITED | BUY | 5,60,493 | ₹231.17 |
| 7 Oct 2026 | HRTI PRIVATE LIMITED | SELL | 5,56,689 | ₹231.25 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
No documents on record yet.
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.