Best Gold Companies in India (2023)

Last Updated on Dec 29, 2023 by Harshit Singh

Table of Contents

Best Gold Companies in India with Highest FII holding

Stock name	Market Cap (Rs. in cr.)	Close Price (Rs.)	PE Ratio	Foreign Institutional Holding (%)
Kalyan Jewellers India Ltd	35,583.18	354.10	82.16	26.56
Rajesh Exports Ltd	10,753.37	366.55	7.51	15.38
Senco Gold Ltd	5,463.37	696.65	34.48	14.44
KDDL Ltd	3,547.00	2,841.60	66.19	12.34
Manoj Vaibhav Gems N Jewellers Ltd	1,582.66	318.80	22.11	8.77
Ethos Ltd	4,900.86	2,088.75	81.27	6.70
Ashapuri Gold Ornament Ltd	300.73	12.55	168.01	4.32
Sheetal Diamonds Ltd	61.66	62.89	-205.53	2.52
Lypsa Gems & Jewellery Ltd	21.23	7.20	-0.48	2.00
Renaissance Global Ltd	965.68	103.10	11.09	1.70
Deep Diamond India Ltd	32.10	6.70	25.68	1.04
Tribhovandas Bhimji Zaveri Ltd	854.82	127.85	21.26	0.94
PC Jeweller Ltd	2,154.82	46.70	-10.60	0.84

Note: The data is from 29th December 2023. It is filtered using the following parameters on Tickertape Stock Screener:

Sector: Consumer Discretionary > Precious Metals, Jewellery & Watches
Foreign International Holding (%): Sort from high to low

Gold Companies with Highest 1M Return

Stock Name	Market Cap (Rs. in cr.)	Close Price (Rs.)	PE Ratio	1M Return (%)
PC Jeweller Ltd	2,154.82	46.70	-10.60	59.93
Uday Jewellery Industries Ltd	443.74	200.85	46.76	47.08
Shukra Jewellery Ltd	14.52	10.70	–	40.79
Lypsa Gems & Jewellery Ltd	21.23	7.20	-0.48	26.32
Bhakti Gems and Jewellery Ltd	24.33	15.36	30.80	22.67
S M Gold Ltd	20.87	20.21	19.69	21.22
D P Abhushan Ltd	1,503.54	664.75	33.18	19.59
Swarnsarita Jewels India Ltd	68.91	33.70	10.96	17.98
Ashapuri Gold Ornament Ltd	300.73	12.55	168.01	13.28
Silgo Retail Ltd	28.40	27.25	12.03	12.86

Note: The data is from 29th December 2023. It is filtered using the following parameters on Tickertape Stock Screener:

Sector: Consumer Discretionary > Precious Metals, Jewellery & Watches
1M Return: Sort from high to low

Gold Companies Trading at 52-week High

Stock Name	Market Cap (Rs. in cr.)	Close Price (Rs.)	PE Ratio	1M Return (%)	% Away From 52W High
Kalyan Jewellers India Ltd	35,583.18	354.10	82.16	4.92	2.23
Goldkart Jewels Ltd	137.22	81.75	90.87	4.94	0.00
Sheetal Diamonds Ltd	61.66	62.89	-205.53	6.79	0.00
Anshuni Commercials Ltd	0.10	4.18	-0.46	0.00	0.00

Note: The data is from 29th December 2023. It is filtered using the following parameters on Tickertape Stock Screener:

Sector: Consumer Discretionary > Precious Metals, Jewellery & Watches
% Away From 52W High: Near 52W High

Gold Companies with Highest Net Income (Q)

Stock Name	Market Cap (Rs. in cr.)	Close Price (Rs.)	PE Ratio	Net Income (Q)
Kalyan Jewellers India Ltd	35,583.18	354.10	82.16	135.25
Rajesh Exports Ltd	10,753.37	366.55	7.51	45.31
Goldiam International Ltd	1,822.46	170.55	21.59	23.38
Manoj Vaibhav Gems N Jewellers Ltd	1,582.66	318.80	22.11	22.17
D P Abhushan Ltd	1,503.54	664.75	33.18	13.33
Senco Gold Ltd	5,463.37	696.65	34.48	11.94
Renaissance Global Ltd	965.68	103.10	11.09	10.55

Note: The data is from 29th December 2023. It is filtered using the following parameters on Tickertape Stock Screener:

Sector: Consumer Discretionary > Precious Metals, Jewellery & Watches
Net Income (Q): Sort from high to low

Overview of Gold Companies in India

The gold companies have experienced consistent increases in value, with most of the gold companies recording double-digit gains. This is mainly due to the factors such as – domestic demand, currency exchange rates, and government policies. As a result, prominent gold companies in India, including Kalyan Jewellers, Rajesh Exports, Goldiam International Ltd, etc., have recorded profits for this quarter. As of date, the price of gold is Rs. 65,140 per 10 grams.

However, while companies like PC Jewellers, Uday Jewellers Industry, etc., have witnessed significant growth in the past month, other gold shares in India, like Senco Ltd, Narbada Gems and Jewellery Ltd, etc., have struggled to make a substantial impact. As a result, the overall outlook for the sector is mixed.

Therefore, it is important to do your due diligence to mitigate the risk associated with stock investment. With Tickertape Stock Screener, you can closely examine the gold stocks in India and analyse the stocks faster with accurate data. With over 200 filters, research, analyse, and invest quicker than before because of #TickertapeHaiNa! Become a Pro Member now!

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Harshit Singh

Content Strategist at Tickertape

Hey there, I’m Harshit Singh Mahey! With eight years of experience as a Content Strategist, I’ve had the pleasure of working with a Fortune 100 company and building three successful startups from the ground up.

As an investment fanatic, I’ve dabbled in early-stage startups, mutual funds, gold, stocks, smallcases, and real estate to identify which assets generate the highest ROI. At Tickertape, I’m dedicated to presenting my learning and providing insightful suggestions to help my readers make sound investment decision.