Strong Rally and Market Outperformance
The stock has demonstrated remarkable resilience and strength, gaining consistently for the past 16 trading sessions. Over this period, Khazanchi Jewellers Ltd has delivered a cumulative return of 3.48%, outperforming its sector by 0.26% on the day it hit the new high. This steady ascent has been underpinned by the stock trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling strong technical momentum.
In comparison, the broader market, represented by the Sensex, opened flat but gained 0.19% to trade at 85,384.63 points, remaining 0.91% below its own 52-week high of 86,159.02. The Sensex’s positive trend, led by mega-cap stocks, provides a supportive backdrop for mid and small-cap stocks like Khazanchi Jewellers Ltd to advance.
Robust One-Year Performance
Over the last twelve months, Khazanchi Jewellers Ltd has outpaced the market significantly, delivering a total return of 22.49%. This compares favourably against the Sensex’s 8.75% gain and the broader BSE500 index’s 6.01% return, highlighting the company’s ability to generate superior shareholder value. The stock’s 52-week low stood at Rs.525.3, underscoring the impressive recovery and growth trajectory it has experienced.
Patience pays off here! This Micro Cap from Fertilizers sector has delivered steady gains quarter after quarter. Now proudly part of our Reliable Performers list.
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Financial Strength and Growth Metrics
Khazanchi Jewellers Ltd’s recent financial disclosures reveal a company on a strong growth path. Net sales have expanded at an annual rate of 90.30%, while operating profit has surged by 105.40%. The company’s net profit growth of 55.45% was reflected in its outstanding results declared in September 2025. Furthermore, the company has reported positive results for two consecutive quarters, with quarterly profit before tax excluding other income (PBT LESS OI) reaching Rs.31.20 crores, an 83.8% increase compared to the previous four-quarter average.
Quarterly profit after tax (PAT) stood at Rs.23.55 crores, marking an 85.3% rise over the previous four-quarter average, while quarterly PBDIT hit a record Rs.32.31 crores. These figures underscore the company’s operational efficiency and profitability improvements, which have contributed to the stock’s upward momentum.
Credit Profile and Valuation Considerations
The company maintains a strong credit profile, with a low Debt to EBITDA ratio of 1.14 times, indicating a comfortable ability to service its debt obligations. Return on capital employed (ROCE) stands at a healthy 20%, reflecting efficient use of capital in generating profits. However, the enterprise value to capital employed ratio is relatively elevated at 6.1, suggesting a premium valuation consistent with the company’s growth prospects and market positioning.
Despite the stock’s strong performance, domestic mutual funds currently hold no stake in Khazanchi Jewellers Ltd. This absence may reflect cautious positioning or valuation considerations by institutional investors, despite the company’s solid fundamentals and growth trajectory.
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Mojo Score and Rating Upgrade
Reflecting the company’s improving fundamentals and market performance, Khazanchi Jewellers Ltd’s Mojo Score currently stands at 77.0, categorised as a Buy. This represents an upgrade from its previous Hold rating, effective from 08 September 2025. The company holds a Market Cap Grade of 3, indicating a mid-sized market capitalisation within its sector.
Sector and Market Context
Operating within the Gems, Jewellery and Watches industry, Khazanchi Jewellers Ltd’s performance is notable against the backdrop of a broadly positive market environment. The Sensex’s bullish stance, trading above its 50-day moving average with the 50 DMA above the 200 DMA, supports a constructive outlook for stocks in this space. The company’s outperformance relative to the sector and broader indices highlights its competitive positioning and operational strength.
Summary of Key Performance Indicators
To summarise, Khazanchi Jewellers Ltd’s key metrics include:
- New 52-week and all-time high price of Rs.799.5
- 16 consecutive days of gains with a 3.48% return in this period
- One-year total return of 22.49%, outperforming Sensex by 13.74 percentage points
- Net sales growth at 90.30% annually and operating profit growth at 105.40%
- Quarterly PAT growth of 85.3% and PBT growth of 83.8%
- Low Debt to EBITDA ratio of 1.14 times and ROCE of 20%
- Mojo Score of 77.0 with a Buy rating upgrade from Hold
These figures collectively illustrate a company that has successfully capitalised on favourable market conditions and internal growth drivers to reach a new peak in its share price.
Conclusion
Khazanchi Jewellers Ltd’s attainment of a new 52-week high at Rs.799.5 marks a significant milestone in its market journey. Supported by strong financial results, consistent gains, and positive technical indicators, the stock’s performance stands out within the gems and jewellery sector. While valuation metrics suggest a premium, the company’s robust growth and credit profile underpin its current market standing.
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