Last Updated on Aug 22, 2023 by Anjali Chourasiya
Jewellery stocks in India – 2023
| Name | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio | 1Y Return (%) | 5Y Avg Return on Investment (%) |
| Titan Company Ltd | 268,248.93 | 3,011.10 | 82.54 | 20.74 | 14.70 |
| Kalyan Jewellers India Ltd | 21,585.37 | 222.80 | 49.84 | 217.15 | 8.14 |
| Rajesh Exports Ltd | 15,410.58 | 525.90 | 10.76 | -14.74 | 10.26 |
| Ethos Ltd | 3,836.22 | 1,613.80 | 63.62 | 46.98 | – |
| Senco Gold Ltd | 3,164.15 | 398.00 | 19.97 | – | – |
| Thanga Mayil Jewellery Ltd | 3,007.75 | 1,185.60 | 37.72 | 110.30 | 13.17 |
| KDDL Ltd | 2,455.16 | 1,908.70 | 45.81 | 137.19 | 9.13 |
| Timex Group India Ltd | 1,737.05 | 170.00 | 37.34 | 121.21 | 12.88 |
| Goldiam International Ltd | 1,385.71 | 126.25 | 16.41 | -8.91 | 12.36 |
| PC Jeweller Ltd | 1,263.47 | 26.35 | -6.22 | -58.50 | 7.55 |
| Asian Star Co Ltd | 1,221.08 | 734.90 | 14.78 | -7.91 | 5.96 |
| Renaissance Global Ltd | 900.02 | 97.85 | 10.34 | -19.83 | 7.97 |
| D P Abhushan Ltd | 822.17 | 370.00 | 18.14 | -4.12 | 14.59 |
| Tribhovandas Bhimji Zaveri Ltd | 626.19 | 100.20 | 15.58 | 33.69 | 7.08 |
| Radhika Jeweltech Ltd | 422.79 | 35.65 | 14.24 | 10.68 | 10.24 |
| Foce India Ltd | 414.95 | 824.50 | 48.82 | 129.03 | 18.69 |
| Sky Gold Ltd | 293.99 | 286.25 | 15.79 | 132.72 | 11.14 |
| Uday Jewellery Industries Ltd | 281.80 | 130.10 | 29.66 | 33.78 | 9.57 |
| Ashapuri Gold Ornament Ltd | 265.19 | 10.52 | 148.98 | 128.70 | 2.89 |
| Parshva Enterprises Ltd | 181.50 | 183.55 | 864.29 | 11.99 | 3.75 |
| Narbada Gems and Jewellery Ltd | 113.18 | 52.94 | 31.88 | 0.46 | 8.31 |
| Sonam Clock Ltd | 101.55 | 50.50 | 25.39 | 20.24 | 10.74 |
| Patdiam Jewellery Ltd | 100.25 | 232.00 | 12.17 | 118.87 | 8.17 |
| Shubhlaxmi Jewel Art Ltd | 98.50 | 92.50 | 97.52 | 175.71 | 9.80 |
| Sona Hi Sona Jewellers (Gujarat) Ltd | 80.36 | 47.70 | 53.22 | 241.94 | 5.56 |
| Laxmi Goldorna House Ltd | 78.34 | 37.40 | 195.86 | 73.95 | 4.29 |
| Kanani Industries Ltd | 72.48 | 7.25 | 33.25 | -32.24 | 3.22 |
| Moksh Ornaments Ltd | 70.01 | 13.45 | 11.42 | -12.09 | 11.10 |
| Veeram Securities Ltd | 63.24 | 8.49 | 35.33 | -69.73 | 12.43 |
| Minal Industries Ltd | 51.04 | 2.70 | 159.49 | – | – |
| Swarnsarita Jewels India Ltd | 42.91 | 24.57 | 6.81 | 6.36 | 5.04 |
| Gautam Gems Ltd | 39.15 | 11.36 | 111.85 | 42.89 | 2.31 |
| Penta Gold Ltd | 35.57 | 27.85 | -4.37 | -83.42 | 7.50 |
| Sheetal Diamonds Ltd | 34.07 | 34.62 | -109.91 | 497.93 | 0.05 |
| Deep Diamond India Ltd | 28.45 | 5.90 | 22.76 | -6.79 | 0.15 |
| Goenka Diamond And Jewels Ltd | 27.04 | 0.85 | -11.76 | -54.05 | -0.93 |
| Silgo Retail Ltd | 22.47 | 22.85 | 9.48 | -15.37 | 15.08 |
| Zodiac-JRD-MKJ Ltd | 19.73 | 37.02 | 19.93 | -6.04 | 1.13 |
| Orosil Smiths India Ltd | 19.28 | 4.42 | -55.09 | -6.16 | -9.53 |
| Bhakti Gems and Jewellery Ltd | 18.32 | 12.36 | 23.20 | -18.89 | 2.27 |
| Lypsa Gems & Jewellery Ltd | 17.01 | 6.45 | -0.39 | 7.50 | 0.16 |
| Darshan Orna Ltd | 14.56 | 2.88 | 242.68 | -30.60 | 1.59 |
| Opal Luxury Time Products Ltd | 14.46 | 43.00 | -0.93 | 0.00 | -15.48 |
| Shirpur Gold Refinery Ltd | 14.42 | 4.95 | -0.44 | 0.00 | – |
| S M Gold Ltd | 14.20 | 14.51 | 13.40 | -74.63 | 4.11 |
| Sovereign Diamonds Ltd | 13.73 | 23.05 | 9.74 | 45.79 | 5.80 |
| Shukra Jewellery Ltd | 7.25 | 5.34 | -724.79 | -6.32 | 0.92 |
| Mini Diamonds (India) Ltd | 6.91 | 19.17 | 12.34 | 16.89 | 1.89 |
| Tavernier Resources Ltd | 6.12 | 10.20 | -51.01 | 7.37 | -4.67 |
| Sunraj Diamond Exports Ltd | 3.86 | 7.00 | 11.36 | 12.90 | -4.49 |
| Chandrima Mercantiles Ltd | 1.50 | 6.65 | 75.23 | 52.87 | – |
| Anshuni Commercials Ltd | 0.10 | 4.18 | -0.48 | 391.76 | 3.74 |
Note: The data is from 17th August 2023. To get this list of railway stocks in India on the Tickertape Stock Screener, apply the below-mentioned filter.
- Sector > Consumer Discretionary > Precious Metals, Jewellery & Watches
Overview of the jewellery industry in India
The gems and jewellery industry contributes ~7% to the country’s GDP and ~15.71% to India’s total merchandise exports. Let’s look at the industry from a bird’s eye view.
- In 2022, India ranked first among the top exporters in cut and polished diamonds and second in gold jewellery, silver jewellery and lab-grown diamonds.
- In March 2023, India’s gems and jewellery exports were at US$2.61 bn.
- The projected market size of the sector is US$ 100 mn by 2027.
- According to the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative FDI inflows in diamond and gold ornaments in India stood at US$ 1,213.06 mn between April 2000-March 2022. Further, the FDI inflows in the gems and jewellery sector increased by 60.78% in FY 2022 on a y-o-y basis.
- The Government has reduced custom duty on cut and polished diamond and coloured gemstones from 7.5% to 5% and NIL.
Do these facts and figures make you wonder if you should consider investing in jewellery stocks in India? Well, one of the ways is to understand the market momentum. As an investor, it is crucial for you to understand the market momentum. Tracking bulk and block deals of stocks can be one of the ways. It helps you determine the sectors and stocks that are getting the attention of HNIs and institutional investors and, consequently, gaining/losing momentum. It can give you a direction for your future investment cues.
To keep track of bulk and block deals, you can use Tickertape’s Stock Deals tool to analyse bulk and block deals for different periods and investors. However, making an investment decision based solely on bulk and block deals may not always be wise. Hence, conducting additional research on the stocks in question can be beneficial in making safe investment decisions.
As an insatiable reader and learner, I’ve spent the last two years exploring the world of finance. With my creative mind and curious spirit, I love making complex finance topics easy and fun for everyone to understand. Join me on my journey as we navigate the world of finance together!
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