Jewellery penny stock under Rs 20: PC Jewellers allocates 17,56,260 equity shares on conversion of fully convertible warrants
DSIJ Intelligence-1 / 17 Nov 2025/ Categories: Penny Stocks, Trending
The stock is up by 16 per cent from its 52-week low of Rs 10.21 per share and has given multibagger returns of over 700 per cent in 5 years.
PC Jeweller Ltd's Board of Directors approved the allotment of 17,56,260 equity shares, following the conversion of 1,75,626 Fully Convertible Warrants by one allottee in the 'Non-Promoter, Public Category', Hawk Capital Pvt Ltd. The conversion was completed upon receipt of the balance payment of ₹ 74,02,635.90 at Rs 42.15 per Warrant (representing 75 per cent of the Issue Price per Warrant). The number of shares allotted was adjusted due to a stock split (from Rs 10 face value to Rs 1 face value) effective December 16, 2024. Consequent to this allotment, the company's paid-up equity share capital increased from Rs 732,67,38,595 (comprising 732,67,38,595 shares) to Rs 732,84,94,855 (comprising 732,84,94,855 shares). The newly issued shares rank pari-passu with the existing equity shares.
About the Company
PC Jeweller Ltd is an Indian company that designs, manufactures, sells and trades gold, platinum, diamond and silver jewellery. They operate across India with multiple brands, including Azva, Swarn Dharohar and LoveGold and even created commemorative medallions for the Cricket World Cup.
The company delivered a financially strong performance in Q2 FY 2026. Standalone Domestic Revenues climbed by 63 per cent year-on-year, with sales reaching Rs 825 crore, significantly up from Rs 505 crore in the previous year. This contributed to a half-year (H1 FY 2026) sales growth of 71 per cent, totalling Rs 1,550 crore. Profitability surged, as Q2 EBITDA grew by 91 per cent to Rs 246 crore, and Operating PAT saw a massive 99 per cent growth, rising from Rs 102 crore in Q2 FY 2025 to Rs 202.5 crore in Q2 FY 2026. For H1 FY 2026, EBITDA was up 109 per cent to Rs 456 crore, and Operating PAT soared by 143 per cent to Rs 366.5 crore. Despite incurring a finance cost of approximately Rs 36.3 crore this quarter, the company recorded a substantial PAT of Rs 208 crore.
A primary focus is the swift transition to a debt-free status by the end of FY 2026. During Q2 FY 2026, the company achieved a significant reduction in outstanding Bank debt by approximately 23 per cent (around Rs 406 crore), which follows a 9 per cent (Rs 155 crore) reduction in Q1 FY 2026 and over 50 per cent (Rs 2,005 crore) in the previous fiscal year. To support this, the company successfully raised approximately Rs 500 crore via a preferential allotment in Q2 FY 2026, adding to the Rs 2,702.11 crore raised previously. The remaining outstanding debt of approximately Rs 1,213 crore is well-covered. The company also fully resolved key operational issues, regaining possession of showroom keys and inventory as per the DRAT's order dated October 7, 2025.
The company has a market cap of over Rs 8,000 crore. As of September 2025, State Bank of India (SBI) holds a 2.44 per cent stake and the Union Bank of India owns a 1.15 per cent stake in the company. The stock is up by 16 per cent from its 52-week low of Rs 10.21 per share and has given multibagger returns of over 700 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.