Multibagger jewellery stock under Rs 20: Company allotment of 34,67,82,850 equity shares on conversion of fully convertible warrants!
DSIJ Intelligence-1Categories: Multibaggers, Penny Stocks, Trending
The stock is up by 82.4 per cent from its 52-week low of Rs 7.99 per share and has given multibagger returns of over 800 per cent in 5 years.
PC Jeweller Ltd (PCJ) announced that its Board of Directors, through a resolution passed on July 25, 2025, has allotted 34,67,82,850 equity shares. This allotment stems from the conversion of 3,46,78,285 Fully Convertible Warrants, issued earlier via preferential allotment to both 'Promoter Group' and 'Non-Promoter, Public Category' investors. The conversion, which saw the company receive the balance amount of Rs 146,16,89,712.75 at Rs 42.15 per warrant (75 per cent of the issue price), accounts for the sub-division of shares from Rs 10 to Re 1 face value effective December 16, 2024. Consequently, PCJ's paid-up equity share capital has increased from Rs 657,53,76,500 to Rs 692,21,59,350, with the newly allotted shares ranking pari passu with the existing equity shares.
Additionally, the company has reported a highly successful quarter ending June 30, 2025, demonstrating robust performance driven by strong customer trust and demand. The company achieved an impressive standalone revenue growth of approximately 80 per cent compared to the same quarter last year, despite the volatility in gold prices. This significant growth was primarily fuelled by high demand for its products, likely due to wedding and festive purchases during the period.
Furthermore, PC Jeweller made substantial progress in reducing its debt burden. Having already decreased outstanding debts to its bankers by over 50 per cent in FY 2024-25, the company further reduced this by approximately 7.50 per cent during the recent quarter. PCJ is confident in its ability to become completely debt-free by the end of FY 2026, a key target for the company. These positive financial results reflect the ongoing efforts to revamp and strengthen all aspects of its operations, and PC Jeweller remains optimistic about continued exceptional performance in the coming quarters.
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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 reduced the debt by 52 per cent to Rs 2,151 crore compared to Rs 4,150 crore in March 2024.
Quarterly Results: The net sales increased by 1,356 per cent to Rs 699 crore in Q4FY25 compared to Q4FY24. The company reported a turnaround net profit of Rs 95 crore in Q4FY25 compared to a net loss of Rs 122 crore in Q4FY24: increasing 178 per cent.
Annual Results: The net sales increased by 272 per cent to Rs 2,245 crore in FY25 compared to FY24. The company reported a turnaround net profit of Rs 578 crore in FY25 compared to a net loss of Rs 629 crore in FY24; increasing 192 per cent YoY.
The company has a market cap of over Rs 9,500 crore. As of June 2025, State Bank of India (SBI) holds a 2.69 per cent stake and the Life Insurance Corporation of India (LIC) owns a 1.03 per cent stake in the company. The stock is up by 82.4 per cent from its 52-week low of Rs 7.99 per share and has given multibagger returns of over 800 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.