Record-Breaking Price Movement
On the day of this landmark, Khazanchi Jewellers Ltd touched an intraday high of Rs.799.5, representing a 4.17% increase from previous levels. The stock has been on a steady ascent, gaining for 16 consecutive trading days and delivering a cumulative return of 3.61% during this period. This momentum has outperformed its sector by 0.25% on the day, signalling strong investor confidence in the company’s market positioning.
The stock’s current price is trading well above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained bullish trend. Despite a modest day change of 0.07%, Khazanchi Jewellers Ltd’s performance over longer time frames has been notably impressive.
Consistent Outperformance Against Benchmarks
Over the past year, Khazanchi Jewellers Ltd has generated a return of 22.49%, significantly outpacing the broader market benchmark BSE500, which recorded a 6.05% return in the same period. The stock’s 3-month performance is even more striking, with a 30.17% gain compared to the Sensex’s 5.44% rise. Monthly returns stand at 4.35%, while the one-week performance is 0.52%, both outperforming their respective market indices.
While the stock’s year-to-date return is 0.07%, slightly below the Sensex’s 0.20%, its longer-term performance highlights a strong growth trajectory. Notably, the stock has not recorded returns over three, five, and ten-year horizons, reflecting its relatively recent emergence as a market leader within its sector.
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Financial Strength and Growth Metrics
Khazanchi Jewellers Ltd’s financial performance has been a key driver behind its stock price appreciation. The company has demonstrated a strong ability to service its debt, with a low Debt to EBITDA ratio of 1.14 times, indicating prudent financial management and operational efficiency.
Net sales have grown at an impressive annual rate of 90.30%, while operating profit has surged by 105.40%, reflecting robust top-line and margin expansion. Net profit growth stands at 55.45%, with the company declaring outstanding results in September 2025. The last two consecutive quarters have shown positive results, reinforcing the company’s consistent earnings momentum.
Quarterly financials reveal a Profit Before Tax excluding Other Income (PBT LESS OI) of Rs.31.20 crores, marking an 83.8% increase compared to the previous four-quarter average. Profit After Tax (PAT) for the quarter reached Rs.23.55 crores, growing by 85.3% over the same period. Additionally, the company recorded its highest quarterly PBDIT at Rs.32.31 crores, underscoring operational strength.
Valuation and Market Position
Despite its strong growth, Khazanchi Jewellers Ltd carries a relatively expensive valuation, with an Enterprise Value to Capital Employed ratio of 6.1. The company’s Return on Capital Employed (ROCE) stands at 20%, reflecting efficient utilisation of capital to generate profits.
Over the past year, profits have risen by 64%, while the stock has delivered a 22.49% return, resulting in a Price/Earnings to Growth (PEG) ratio of 0.7. This suggests that the stock’s price growth is supported by earnings expansion, though valuation remains on the higher side relative to capital employed.
Interestingly, domestic mutual funds hold no stake in Khazanchi Jewellers Ltd, which may indicate a cautious stance despite the company’s strong fundamentals and market performance. This absence of mutual fund ownership contrasts with the company’s solid financial metrics and growth profile.
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Mojo Score and Market Capitalisation
Khazanchi Jewellers Ltd holds a Mojo Score of 77.0, reflecting a strong buy rating, upgraded from a previous hold on 8 September 2025. This upgrade highlights improved market sentiment and confidence in the company’s prospects based on its recent performance and financial health.
The company’s market capitalisation grade stands at 3, indicating a mid-cap status within the Gems, Jewellery And Watches sector. This positioning allows it to benefit from growth opportunities while maintaining a manageable scale relative to larger peers.
Summary of Recent Market Performance
In the short term, Khazanchi Jewellers Ltd has shown resilience and steady gains. Its one-day performance of 0.07% slightly trails the Sensex’s 0.20%, but over one week and one month, it has outperformed the market indices with returns of 0.52% and 4.35% respectively. The stock’s three-month return of 30.17% is particularly notable, far exceeding the Sensex’s 5.44% gain.
These figures demonstrate the company’s ability to maintain upward momentum across multiple time horizons, culminating in the recent all-time high price milestone.
Conclusion
Khazanchi Jewellers Ltd’s ascent to an all-time high of Rs.799.5 marks a significant achievement in its corporate journey. Supported by strong financial growth, solid profitability, and a favourable Mojo Score upgrade, the company has established itself as a prominent player in the Gems, Jewellery And Watches sector. While valuation metrics suggest a premium, the company’s consistent earnings expansion and market-beating returns underscore the strength of its current position.
This milestone reflects the culmination of sustained operational excellence and market confidence, setting a benchmark for the company’s future performance within the industry landscape.
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