Low PE Jewellery Stock Below Rs 15 Continues Debt Reduction Drive; Repays Outstanding Debt of Fourth Consortium Bank Ahead of Schedule
Join Us
Follow Us
PC Jeweller has now repaid the outstanding debt of four out of its 14 consortium banks, with all four repayments completed ahead of schedule as the company targets debt-free status in the current quarter
✨ Key Takeaways
On Thursday, Indian equity benchmarks traded higher in early trade, with the benchmark Nifty 50 index rising 0.24 per cent or 59 points to 24,137.50. Despite the positive market sentiment, PC Jeweller share price traded 2.18 per cent lower or Rs 0.23 at Rs 10.34 during the session.
PC Jeweller Repays Outstanding Debt Of Another Consortium Bank
PC Jeweller Limited informed the stock exchanges that it has successfully cleared and repaid all its outstanding debt under the Settlement Agreement dated September 30, 2024, with one more consortium bank. The company disclosed the update through an exchange filing dated July 15, 2026.
Four Out Of Fourteen Consortium Banks Fully Repaid
With the latest repayment, the company has now fully cleared the outstanding debt of four out of its fourteen consortium banks. According to the filing, the repayments for all four banks were completed well before their scheduled due dates.
The company stated that the latest repayment is in line with its objective of achieving a debt-free status during the current quarter.
Also Read - Triple-Digit PE: India's Leading Fintech Company To Consider Bonus Share Issue Along With Q1 FY27 Results; Check Details
PC Jeweller Targets Debt-Free Status
PC Jeweller said the latest repayment forms part of its ongoing debt reduction strategy. The company reiterated its commitment to strengthening its balance sheet by repaying outstanding borrowings ahead of schedule.
The management noted that the prepayment of debt reflects continued progress under the settlement arrangement with its consortium lenders.
About PC Jeweller
PC Jeweller Limited is engaged in the manufacturing, retailing and export of gold, diamond and silver jewellery. The company offers a wide portfolio of jewellery products, including gold, diamond, precious stone and silver ornaments. Further, the company currently trades at a low PE of 14.1, indicating a relatively attractive valuation compared with many listed jewellery stocks.
The company operates a network of jewellery showrooms across India, catering to retail customers through its branded outlets. It serves the domestic jewellery market while also exporting jewellery products to international markets.
Add DSIJ as your preferred news source on G o o g l e
Add NowShare your views in the comments below
Disclaimer: The article is for informational purposes only and not investment advice.