In this article you get to know insight about PC Jeweller Share Price Target, PC Jeweller, established in 2005 with a single showroom in Karol Bagh, Delhi, is a prominent player in the jewelry industry. The company has grown significantly over the years, with 85 showrooms now spanning 70 cities across 19 states in India. Specializing in the manufacturing and export of Gold and Diamond Jewelry, PC Jeweller has an ambitious plan for expansion, aiming to open 20 stores annually, including franchise outlets.
Future Expansion:
In a bid to expand its presence, PC Jeweller has set an ambitious target to open 50 new stores by August 2024 through franchising. The company has also embraced e-commerce, operating an online store, indicating its readiness to adapt to evolving market dynamics.
Trustworthy Hallmarked and Certified Jewelry:
PC Jeweller has earned trust by exclusively selling hallmarked and certified diamond jewelry. This commitment to quality has established a strong rapport between the seller and buyer, contributing to the company’s growing sales.
Fundamental Insights:
| Market Cap | ₹1,506 Crores |
| P/E Ratio | 16.59 |
| Return on Equity (ROE) | -5.36% |
| Earnings per Share (EPS) | -4.36 |
| Book Value | ₹79.30 |
| Debt | ₹3,736 Crores |
| Debt to Equity Ratio | 1.01 |
Financial Trends:
In 2019, PC Jeweller reported revenue of ₹8,680 Crores with a profit of ₹0.61 Crores.
In 2020, revenue was ₹5,207 Crores, accompanied by a profit of ₹83.04 Crores.
2021 yielded a profit of ₹62 Crores with revenue at ₹2,826 Crores.
However, 2022 saw a substantial loss of -₹391 Crores, with revenue at ₹1,608 Crores.
Share Price Targets:
| Year | First Target (INR) | Second Target (INR) |
| 2023 | ₹135 | ₹144 |
| 2024 | ₹70 | ₹100 |
| 2025 | ₹153 | ₹167 |
| 2026 | ₹237 | ₹258 |
| 2027 | ₹279 | ₹285 |
| 2028 | ₹290 | ₹313 |
| 2029 | ₹323 | ₹353 |
| 2030 | ₹380 | ₹420 |
PC Jeweller Share Price Targets:
2023: PC Jeweller is a small-cap stock with high-risk potential. It has low trading volume, making it occasionally challenging for investors to buy or sell shares. It’s advisable to invest only what you are willing to lose. Based on its current trends, the PC Jeweller Share Price Target for 2023 is projected to be between ₹135 and ₹144.
2024: The company’s weak financial trends and significant loss in 2022 may result in a decline in share price. The PC Jeweller Share Price Target for 2024 is expected to be ₹70, with a second target of ₹100.
2025: Positive growth is anticipated in 2025 as PC Jeweller focuses on expanding its presence. The first target for PC Jeweller Share Price in 2025 is ₹153, with a potential second target of ₹167.
2030: Looking at the long-term prospects, PC Jeweller has the potential to perform well. Investors have faith in the company’s ability to become a multibagger in the future, with a 272% return from 2021 to 2022. Considering these factors, the PC Jeweller Share Price Target for 2030 is estimated to range from ₹380 to ₹420.
FAQs:
Where is the head office of PC Jeweller?
The head office of PC Jeweller is located in Karol Bagh, Delhi, India.
Is PC Jeweller a debt-free company?
No, PC Jeweller is not a debt-free company; it currently has a debt of ₹3,583 Crores.
Is PC Jeweller a good stock to buy?
The company’s current fundamentals and financials are weak, making it challenging to determine whether the stock is a good buy at this time.
Is PC Jeweller a good long-term investment?
PC Jeweller may have the potential to yield profits in the long term if it strengthens its fundamentals and financial position. However, there is also a significant risk of loss associated with this stock.
DISCLAIMER: Investing in the stock market carries inherent market risks. It is essential to thoroughly review all scheme-related documents prior to making any investment decisions.