Jewellery penny stock under Rs 20: PC Jewellers allots 7,81,14,890 equity shares on conversion of fully convertible warrants
DSIJ Intelligence-1 / 23 Oct 2025/ Categories: Multibaggers, Penny Stocks, Trending
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.
PC Jeweller Ltd.'s Board approved the allotment of 7,81,14,890 equity shares (face value of Rs 1 each) to eight Non-Promoter, Public Category allottees upon the conversion of 78,11,489 Fully Convertible Warrants, following the receipt of the balance Rs 32,92,54,261.35$ at Rs 42.15 per warrant. Consequent to this allotment, which ranks pari-passu with existing shares and was adjusted for the December 2024 stock split, the company's paid-up equity share capital increased from Rs 724,86,23,705 to Rs 732,67,38,595.
PC Jeweller Ltd also successfully concluded its Joint Settlement Agreement with its Consortium Lenders and, following a favourable order from the DRAT, Kolkata on October 7, 2025, it regained full possession of all its inventory and key showrooms in Delhi (South Extension, Kingsway Camp, Karol Bagh) and Noida by October 10, 2025. Concurrently, the company reported a strong business update for the quarter ended September 30, 2025, highlighted by an approximate 63 per cent year-over-year growth in standalone revenue, a roughly 23 per cent reduction in outstanding Bank debt toward its goal of becoming debt-free by the end of FY 2025-26, and the expansion of its retail footprint with a new franchise-owned showroom in Pitampura, Delhi.
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 reported a Profit After Tax (PAT) of Rs 164 crore on sales of Rs 725 crore in Q1 of the current financial year. This represents a significant improvement over the previous year's Q1, which saw a PAT of Rs 155 crore on sales of Rs 401 crore. Crucially, after adjusting for an exceptional Income Tax refund and interest of Rs 106 crore in the prior year, the Net Operating PAT for Q1 of the previous financial year was Rs 49 crore. This highlights a substantial 234 per cent year-over-year increase in operating PAT, from Rs 49 crore to Rs 164 crore.
Despite incurring finance costs of approximately Rs 41.6 crore in Q1 of this financial year (compared to a nearly negligible Rs 1.8 crore in Q1 of the previous financial year due to an interest moratorium), the Company still achieved a robust PAT of Rs 164 crore.
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 20 per cent from its 52-week low of Rs 10.21 per share and has given multibagger returns of over 1,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.