Gems, Jewellery And Watches sector
24 companies · ₹1649.3 L cr · 11 with AI deep dives
5y revenue CAGR
median 19.2%(p25 7.25% · p75 33.86%)
5y avg ROCE
median 17.39%(p25 9.67% · p75 22.54%)
Debt / equity
median 0.24x(p25 0.07x · p75 0.61x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-03-31tailwindBroad-based domestic jewellery revenue surge on gold price inflation and volume recovery6 managements
Six of nine current-quarter companies reported double-digit-to-triple-digit revenue growth in Q4 FY26 and full-year FY26. Titan described Q4 domestic jewellery as 'one of its best…
- TITAN (Q4FY26): “Business grew 48% y/y to ₹16,047 crores recording one of its best quarterly (post-Covid)…”
headwind4 managements🔒mixed3 managements🔒tailwind5 managements🔒headwind2 managements🔒tailwind3 managements🔒
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| Company | Mcap | AI verdict | Signals | Stated KPIs (latest call) |
|---|---|---|---|---|
| Sagar Diamonds Ltd | ₹1643.7 L cr | Unlock | ||
| Titan Company Ltd | ₹4.3 L cr | Unlock | roce compounderroce compounder consumerlevering up | |
| Kalyan Jewellers India Ltd | ₹62,873 cr | Unlock | earnings quality strongnet cash | |
| Thangamayil Jewellery Ltd | ₹22,292 cr | Unlock | deleveraging | |
| Sky Gold & Diamonds Ltd | ₹10,360 cr | Unlock | latent operating leverageroce compounderroce compounder consumerdeleveraging | |
| P N Gadgil Jewellers Ltd | ₹9,146 cr | Unlock | roce compounder | |
| PC Jeweller Ltd | ₹8,963 cr | Unlock | ||
| Senco Gold Ltd | ₹6,881 cr | Unlock | deleveraging | |
| Ethos Ltd | ₹6,756 cr | Unlock | net cash | |
| Goldiam International Ltd | ₹5,379 cr | Unlock | roce compoundernet cash | |
| Vaibhav Global Ltd | ₹4,519 cr | Unlock | earnings quality strongnet cash | |
| KDDL Ltd | ₹3,835 cr | Unlock | ||
| Rajesh Exports Ltd | ₹2,594 cr | Unlock | earnings quality strongnet cash | |
| Tribhovandas Bhimji Zaveri Ltd | ₹1,940 cr | Unlock | latent operating leveragelevering up | |
| Motisons Jewellers Ltd | ₹1,664 cr | Unlock | net cash | |
| Renaissance Global Ltd | ₹1,245 cr | Unlock | deleveraging | |
| Manoj Vaibhav Gems N Jewellers Ltd | ₹838 cr | Unlock | roce compounderearnings quality weakdeleveraging | |
| Radhika Jeweltech Ltd | ₹813 cr | Unlock | roce compounder | |
| RBZ Jewellers Ltd | ₹580 cr | Unlock | capex coming online | |
| Ausom Enterprise Ltd | ₹188 cr | Unlock | latent operating leveragecapex coming onlineearnings quality strongnet cash | |
| Banaras Beads Ltd | ₹78 cr | Unlock | capital destroyer | |
| Kanani Industries Ltd | ₹29 cr | Unlock | earnings quality strongnet cashcapital destroyer | |
| AURUS GEM CORPORATION LIMITED | ₹14 cr | Unlock | ||
| Womens Next Loungeries Ltd | ₹0 cr | Unlock |