Recent Market Performance and Price Movement
On 8 December 2025, Khazanchi Jewellers recorded a new 52-week and all-time high price of Rs.750. The stock outperformed its sector by 0.95% on the day, registering a gain of 0.94% compared to the Sensex’s decline of 0.19%. This marks the fourth consecutive day of gains, during which the stock has delivered a cumulative return of 2.19%. Trading activity has been characterised by a narrow price range of Rs.7, indicating a degree of price stability amid upward momentum.
Technical indicators show that Khazanchi Jewellers is trading above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning suggests a consistent upward trend over multiple time horizons, reinforcing the stock’s positive price action.
Comparative Returns Against Benchmarks
Khazanchi Jewellers’ performance over various time frames has notably outpaced broader market indices. Over the past one year, the stock has generated a return of 14.26%, substantially exceeding the BSE500’s 1.76% return and the Sensex’s 4.70% over the same period. Year-to-date returns stand at 19.94%, more than double the Sensex’s 9.48% gain.
Shorter-term returns also reflect this trend, with the stock posting 9.43% over one month and 27.47% over three months, compared to the Sensex’s 2.80% and 5.89% respectively. However, longer-term data for three, five, and ten years is not available for Khazanchi Jewellers, while the Sensex has recorded returns of 36.72%, 87.56%, and 237.99% respectively over these periods.
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Financial Growth and Profitability Metrics
Khazanchi Jewellers has demonstrated strong financial growth, with net sales expanding at an annual rate of 90.30% and operating profit growing at 105.40%. Net profit has shown a rise of 55.45%, reflecting the company’s ability to convert revenue growth into bottom-line gains. The company declared outstanding results in September 2025, with profit before tax excluding other income (PBT less OI) for the quarter reaching Rs.31.20 crore, representing growth of 83.8% compared to the previous four-quarter average.
Profit after tax (PAT) for the quarter stood at Rs.23.55 crore, marking an 85.3% increase relative to the prior four-quarter average. Additionally, profit before depreciation, interest, and tax (PBDIT) for the quarter was recorded at Rs.32.31 crore, the highest level achieved to date. These figures indicate a positive trend in profitability over recent quarters, with the company reporting favourable results for two consecutive quarters.
Debt Servicing and Capital Efficiency
The company’s financial structure supports its growth, with a low debt to EBITDA ratio of 1.14 times, signalling a strong capacity to service debt obligations. Return on capital employed (ROCE) stands at 20%, reflecting efficient utilisation of capital in generating earnings. However, the enterprise value to capital employed ratio is 5.9, indicating a relatively high valuation metric in relation to capital employed.
Market Participation and Shareholding
Despite Khazanchi Jewellers’ market capitalisation and performance, domestic mutual funds currently hold no stake in the company. This absence of mutual fund ownership may suggest a cautious stance or valuation considerations among institutional investors, who typically conduct detailed on-the-ground research before committing capital.
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Summary of Market-Beating Returns
Khazanchi Jewellers’ returns have consistently outpaced the broader market over the past year, with a 14.26% gain compared to the BSE500’s 1.76%. This performance is supported by a 64% rise in profits over the same period, resulting in a price-to-earnings-to-growth (PEG) ratio of 0.6. Such figures illustrate the company’s capacity to deliver earnings growth alongside capital appreciation.
Conclusion: A Milestone Achievement
The attainment of an all-time high price of Rs.750 marks a significant milestone for Khazanchi Jewellers, reflecting a period of sustained financial growth and market outperformance. The company’s strong sales expansion, profitability gains, and solid debt servicing ability underpin this achievement. While valuation metrics suggest a premium, the stock’s consistent upward trend and positive quarterly results highlight its current standing within the Gems, Jewellery And Watches sector.
Investors and market observers will note the stock’s technical strength, supported by trading above all major moving averages and a narrow price range during recent gains. The absence of domestic mutual fund ownership remains a point of interest, potentially indicating differing perspectives on valuation or business fundamentals.
Overall, Khazanchi Jewellers’ journey to this all-time high encapsulates a combination of robust financial performance and steady market momentum, marking it as a noteworthy development in the small-cap segment of the Indian stock market.
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