Industry analysis

Gems, Jewellery And Watches

Read from what its listed companies are showing. Valuations are compared within this industry.

Mixed

107 listed companies · ₹ 5,88,912 Cr. total market value

▲72% of companies grew sales by more than 8% from a year earlier; the typical company's profit rose 33%. 20% made a loss.
●2 credit rating upgrades and no downgrades in the last 90 days.
–24 good and 1 bad company announcements (read since 6 Oct 2026; not counted until there is a month of them).
●The typical share is up 2.5% in 3 months; 53% of shares trade above their 200-day average (their usual level).
–Typical P/E 21, close to these companies' usual level.
–Raised ₹ 631 Cr. by issuing shares (2 issues) in 90 days; 2 more fund raises on the way.

▲ / ▼ / ● are the signals the verdict counts: results, credit ratings, announcements and share prices. Lines marked – are shown but not counted.

In charts

Share prices over the last year

The typical Gems, Jewellery And Watches share against the typical share on the market, both starting at 100. Now 104 vs 83.

Is growth speeding up or slowing down?

The typical company's sales and profit growth against the same quarter a year earlier.

Price against growth

Each dot is a company: further left is cheaper (lower P/E), higher up grew profit faster. Red dots passed the cheaper-than-peers screen. Companies beyond the chart's edges sit on the edge.

Cheaper than peers

Not a buy list. These shares trade at a P/E at least 30% below their industry's typical level and below their own usual level, and they also pass basic checks: profitable, sales and profit growing, low debt, no red flags, market value of ₹250 Cr or more. Cheap shares are often cheap for a reason; this is where to start reading, not where to stop.

Cheaper than peers

Manoj Vaibhav Gems N Jewellers MVGJL	7.4 vs 2165% cheaper	+30.1% / +33.3%	₹ 960.83 Cr.
Radhika Jeweltech RADHIKAJWE	9.2 vs 2156% cheaper	+54.5% / +27.8%	₹ 686.34 Cr.
Vaibhav Global VAIBHAVGBL	11.1 vs 2147% cheaper	+12.7% / +47.4%	₹ 3,115.27 Cr.

Cheaper than peers across the whole market

Leaders and laggards

Good news

Sky Gold and DiamondsStrong results
P N Gadgil JewellersStrong results
PC JewellerDebt repaid
Titan CompanyStrong results
Kalyan Jewellers IndiaStrong results

Warning signs

No red flags in 90 days.

Best shares, 3 months

Worst shares, 3 months

Companies

Click a column to sort.

Gems, Jewellery And Watches companies
							Signs (90 days)
Titan Company TITAN	Gems, Jewellery And Watches	₹ 3,81,659.27 Cr.	+29.3%	+62.9%	66	−8.6%	Strong results
Kalyan Jewellers India KALYANKJIL	Gems, Jewellery And Watches	₹ 52,897.5 Cr.	+45.7%	+32.2%	36	−18.8%	Strong results
Lalithaa Jewellery Mart Ltd LALITHAA	Gems, Jewellery And Watches	₹ 19,254.01 Cr.	—	—	19.2	—
PC Jeweller PCJEWELLER	Gems, Jewellery And Watches	₹ 17,546.93 Cr.	+27.8%	+57.6%	17.3	+75%	Debt repaid
Sky Gold and Diamonds SKYGOLD	Gems, Jewellery And Watches	₹ 16,250.25 Cr.	+78%	+138.6%	33.3	+36.6%	Strong results
Thangamayil Jewellery THANGAMAYL	Gems, Jewellery And Watches	₹ 14,461.62 Cr.	+71.1%	+84.8%	37	−20.4%
BlueStone Jewellery and Lifestyle Ltd BLUESTONE	Gems, Jewellery And Watches	₹ 11,126.11 Cr.	+45.1%	Loss	106.5	−9.4%	Strong results
P N Gadgil Jewellers PNGJL	Gems, Jewellery And Watches	₹ 8,391.29 Cr.	+40.7%	+52.2%	18.8	−11.9%	Strong results
Ethos ETHOSLTD	Gems, Jewellery And Watches	₹ 6,479.41 Cr.	+33.5%	+52.6%	62.2	−0.7%
Senco Gold SENCO	Gems, Jewellery And Watches	₹ 5,066.6 Cr.	+67.4%	−3.8%	8.8	−25.4%	Strong results
D.P. Abhushan Ltd DPABHUSHAN	Gems, Jewellery And Watches	₹ 5,038.12 Cr.	+57.8%	+77.8%	115.4	+56.1%
Tribhovandas Bhimji Zaveri TBZ	Gems, Jewellery And Watches	₹ 4,497.98 Cr.	+34.8%	+54.5%	21.7	+128%	Expansion or acquisition
KDDL KDDL	Gems, Jewellery And Watches	₹ 4,481.68 Cr.	+36.3%	+50%	47.1	+20.6%
Goldiam International GOLDIAM	Gems, Jewellery And Watches	₹ 4,377.38 Cr.	+41.7%	+117.6%	20.9	−17.8%
Vaibhav Global VAIBHAVGBL	Gems, Jewellery And Watches	₹ 3,115.27 Cr.	+12.7%	+47.4%	11.1	−39.7%
Shanti Gold International SHANTIGOLD	Gems, Jewellery And Watches	₹ 2,832.49 Cr.	+144.4%	+100%	13.2	+53.5%
Shringar House of Mangalsutra SHRINGARMS	Gems, Jewellery And Watches	₹ 2,751.73 Cr.	+64.6%	+17.2%	22.7	+29.1%
Utssav CZ Gold Jewels UTSSAV	Gems, Jewellery And Watches	₹ 2,532.3 Cr.	+269%	+400%	38.4	+84.1%
Deepa Jewellers Ltd DEEPA	Gems, Jewellery And Watches	₹ 2,213.95 Cr.	—	—	19.9	—	Strong results
PNGS Reva Diamond Jewellery Ltd PNGSREVA	Gems, Jewellery And Watches	₹ 2,004.89 Cr.	+118.5%	+285.7%	21.7	+46%	Strong results
Khazanchi Jewellers 543953	Gems, Jewellery And Watches	₹ 1,749.64 Cr.	+45%	+86.7%	17.7	+1.4%
Motisons Jewellers MOTISONS	Gems, Jewellery And Watches	₹ 1,706.26 Cr.	+23%	+37.5%	25.6	+5.1%
Advit Jewels Ltd RAMBHAJO	Gems, Jewellery And Watches	₹ 1,642.76 Cr.	−41%	−49.3%	48.5	+104.6%
Renaissance Global RGL	Gems, Jewellery And Watches	₹ 1,623.22 Cr.	+47.2%	+271.4%	13.8	+21.3%
Rajesh Exports RAJESHEXPO	Gems, Jewellery And Watches	₹ 1,497.37 Cr.	+82.7%	—	8.9	−41.1%
Shankesh Jewellers Ltd SHANKESH	Gems, Jewellery And Watches	₹ 1,407.09 Cr.	—	—	12.6	—
Laxmi Goldorna House LGHL	Gems, Jewellery And Watches	₹ 1,097.03 Cr.	+30.7%	−46.8%	114.4	+18.5%
Manoj Vaibhav Gems N Jewellers MVGJL	Gems, Jewellery And Watches	₹ 960.83 Cr.	+30.1%	+33.3%	7.4	+3%
Asian Star Company Ltd ASTAR	Gems, Jewellery And Watches	₹ 896.3 Cr.	−11%	−36.8%	29.8	+15%	Rating outlook raised
SJ Corporation 504398	Gems, Jewellery And Watches	₹ 836.32 Cr.	+631.3%	+1,300%	258.3	—
Maxgrow India 521167	Gems, Jewellery And Watches	₹ 780.32 Cr.	—	—	1.3	+103.5%
Uday Jewellery Industries UDAYJEW	Gems, Jewellery And Watches	₹ 719.85 Cr.	+6.7%	+10%	22.5	—	Strong results
Radhika Jeweltech RADHIKAJWE	Gems, Jewellery And Watches	₹ 686.34 Cr.	+54.5%	+27.8%	9.2	−11%
PNGS Gargi Fashion Jewellery 543709	Gems, Jewellery And Watches	₹ 564.11 Cr.	+10.7%	−4.9%	17.1	−18.3%
Priority Jewels Ltd PRIORITY	Gems, Jewellery And Watches	₹ 547.04 Cr.	—	—	28.4	—
Grover Jewells GJL	Gems, Jewellery And Watches	₹ 516.96 Cr.	—	—	23.1	+126.4%
Manbro Industries KDGREEN	Gems, Jewellery And Watches	₹ 473.23 Cr.	—	—	116.7	—
Spice Islands Industries 526827	Gems, Jewellery And Watches	₹ 389.39 Cr.	+823.8%	+324.2%	23.3	+33.1%
Divine Hira Jewellers DIVINEHIRA	Gems, Jewellery And Watches	₹ 339.94 Cr.	—	—	51.2	−13.7%
Pushpa Jewellers PUSHPA	Gems, Jewellery And Watches	₹ 300.36 Cr.	—	—	10.5	+7.5%
Golkunda Diamonds & Jewellery Ltd 523676	Gems, Jewellery And Watches	₹ 229.58 Cr.	+22.7%	+63.7%	15.3	+45.4%
Ashapuri Gold Ornament 542579	Gems, Jewellery And Watches	₹ 223.66 Cr.	+22.4%	+64.4%	9.3	+46%
Silgo Retail SILGO	Gems, Jewellery And Watches	₹ 218.54 Cr.	+10.8%	+93.7%	33.6	+0.2%
AJC Jewel Manufacturers 544425	Gems, Jewellery And Watches	₹ 211.57 Cr.	—	—	25.3	+199.3%
SMR Jewels Ltd 544774	Gems, Jewellery And Watches	₹ 189.13 Cr.	—	—	6.9	−1.6%
GOLDKART JEWELS LIMITED GOLDKART	Gems, Jewellery And Watches	₹ 174.57 Cr.	+91.9%	0%	49.2	−5.5%
Patdiam Jewellery Limited 539401	Gems, Jewellery And Watches	₹ 146.78 Cr.	—	—	9.1	—
Yaashvi Jewellers Ltd 544770	Gems, Jewellery And Watches	₹ 144.5 Cr.	—	—	7.7	+13.9%
Kabra Jewels KKJEWELS	Gems, Jewellery And Watches	₹ 134.31 Cr.	—	—	5.6	+27.1%
Viram Suvarn 540252	Gems, Jewellery And Watches	₹ 112.9 Cr.	−17.6%	+2.1%	14	−13.4%
Mini Diamonds India Ltd 523373	Gems, Jewellery And Watches	₹ 96.16 Cr.	+95.4%	+50%	48.5	−23%
Retaggio Industries 544391	Gems, Jewellery And Watches	₹ 95.88 Cr.	—	—	11.9	+20.2%
Swarnsarita Jewels India SWARNSAR	Gems, Jewellery And Watches	₹ 90.97 Cr.	+35.5%	+83.3%	6.6	—
Ceenik Exports India Ltd 531119	Gems, Jewellery And Watches	₹ 76.78 Cr.	—	—	20.2	−24.6%
Moksh Ornaments MOKSH	Gems, Jewellery And Watches	₹ 73.25 Cr.	+77.6%	+28.1%	7	−17.3%
Banaras Beads BANARBEADS	Gems, Jewellery And Watches	₹ 71.08 Cr.	+45.9%	+18%	37.9	−4%
Royal India Corporation 512047	Gems, Jewellery And Watches	₹ 59.82 Cr.	−92.6%	−30.7%	1.3	−3.3%
Mishka Exim 539220	Gems, Jewellery And Watches	₹ 57.8 Cr.	+234.4%	−11.1%	30.4	+2%
Luxury Time 544635	Gems, Jewellery And Watches	₹ 57.7 Cr.	—	—	12.1	+8.9%
Guru Krupa Gems and Jewellery Ltd 540545	Gems, Jewellery And Watches	₹ 54.4 Cr.	−67.7%	−50%	108.8	+23.1%
Eighty Jewellers 543518	Gems, Jewellery And Watches	₹ 44.88 Cr.	+60.9%	+600%	4.6	+4.9%
Shoora Designs 543970	Gems, Jewellery And Watches	₹ 40.66 Cr.	+1,090.4%	−60%	1,176.8	—
Simandhar Impex Ltd 544662	Gems, Jewellery And Watches	₹ 39.43 Cr.	—	Loss	2,278.2	−2.6%
HOMRE Ltd 523387	Gems, Jewellery And Watches	₹ 35.38 Cr.	—	+270.6%	42.3	−22.6%
Kanani Industries KANANIIND	Gems, Jewellery And Watches	₹ 33.44 Cr.	−23.2%	Loss	13.8	+9.4%
Manoj Jewellers 544400	Gems, Jewellery And Watches	₹ 33.16 Cr.	—	—	3.4	−27.1%
Zodiac-JRD-MKJ 512587	Gems, Jewellery And Watches	₹ 31.8 Cr.	+1.3%	+162.9%	7.6	−17.2%
Rajnish Retail 530525	Gems, Jewellery And Watches	₹ 29.34 Cr.	+10.5%	+30%	95.6	−19.4%
Dev Labtech Venture 543848	Gems, Jewellery And Watches	₹ 27.64 Cr.	+436.4%	—	11.3	+37.5%
Orosil Smiths India 531626	Gems, Jewellery And Watches	₹ 24.86 Cr.	−50%	+2,333.3%	1.1	−3.1%
Deep Health AI India Ltd 539559	Gems, Jewellery And Watches	₹ 23.07 Cr.	+200%	Loss	4.9	−23.3%
Super Fine Knitters 540269	Gems, Jewellery And Watches	₹ 20.45 Cr.	+2.3%	+43.6%	20.7	+64.3%
York Exports 530675	Gems, Jewellery And Watches	₹ 20.12 Cr.	−40.5%	Loss	4.8	+6.7%
KKV Agro Powers KKVAPOW	Gems, Jewellery And Watches	₹ 19.95 Cr.	+16.2%	Loss	6.1	−30.5%
Mayur Leather Products 531680	Gems, Jewellery And Watches	₹ 19.32 Cr.	—	Loss	42.7	+70.6%
Shubhlaxmi Jewel Art SHUBHLAXMI	Gems, Jewellery And Watches	₹ 18.98 Cr.	−3.3%	Loss	18.3	−2.4%
U. H. Zaveri Ltd 541338	Gems, Jewellery And Watches	₹ 18.94 Cr.	+16.8%	0%	314.5	−36.4%
Meyer Apparel 531613	Gems, Jewellery And Watches	₹ 17.62 Cr.	−100%	Loss	46.1	+41%
S. M. Gold Ltd 542034	Gems, Jewellery And Watches	₹ 16.8 Cr.	−11.9%	+253.3%	8.9	+19.8%
Sovereign Diamonds 523826	Gems, Jewellery And Watches	₹ 16.33 Cr.	−81.8%	Loss	57.7	+18.9%
Goblin India 542850	Gems, Jewellery And Watches	₹ 15.49 Cr.	+35.9%	−38.4%	6.9	+47.7%
Cityman 521210	Gems, Jewellery And Watches	₹ 15.33 Cr.	—	Loss	7	−15.9%
Kenrik Industries 544398	Gems, Jewellery And Watches	₹ 13.94 Cr.	+44.8%	Loss	9.5	+55.3%
Varyaa Creations 544168	Gems, Jewellery And Watches	₹ 12.93 Cr.	+156.5%	Loss	21.2	−9.9%
Euro Leder Fashion Ltd 526468	Gems, Jewellery And Watches	₹ 12.1 Cr.	+28.2%	−80%	25.4	+88%
Aurus Gem Corporation Ltd AURUS	Gems, Jewellery And Watches	₹ 12.03 Cr.	+106.1%	+250%	121.4	−12.3%
Gautam Gems 540936	Gems, Jewellery And Watches	₹ 11.98 Cr.	+24.5%	+100%	16	+4.5%
Shukra Jewellery 523790	Gems, Jewellery And Watches	₹ 11.68 Cr.	+290%	Loss	20.7	−9.5%
Haria Exports 512604	Gems, Jewellery And Watches	₹ 10.7 Cr.	—	Loss	261.6	+55.4%
Oscar Global 530173	Gems, Jewellery And Watches	₹ 7.48 Cr.	—	Loss	1.2	—
RO Jewels 543171	Gems, Jewellery And Watches	₹ 6.76 Cr.	−100%	Loss	756.7	−16.6%
Karan Woo Sin Ltd 526115	Gems, Jewellery And Watches	₹ 6.34 Cr.	—	Loss	27.5	+1.2%
Veerkrupa Jewellers 543545	Gems, Jewellery And Watches	₹ 5.62 Cr.	+694.1%	−39.1%	31.6	−18.9%
Decorous Investment & Trading Co Ltd 539405	Gems, Jewellery And Watches	₹ 4.74 Cr.	−100%	Loss	112.1	+0.5%
AuSom Enterprise Ltd AUSOMENT	Gems, Jewellery And Watches	—	+491.1%	+33.3%	8.4	+11.9%
Darshan Orna 539884	Gems, Jewellery And Watches	—	−15.6%	−76.2%	40.8	−8.6%
Foce India FOCE	Gems, Jewellery And Watches	—	+61.1%	−18.2%	45.1	+12%
Kenvi Jewels 540953	Gems, Jewellery And Watches	—	−38.3%	+68.4%	24.9	−3.1%
Koura Fine Diamond Jewelry 544139	Gems, Jewellery And Watches	—	+2.6%	+90.5%	10.4	+58.5%
RBZ Jewellers Ltd RBZJEWEL	Gems, Jewellery And Watches	—	+59.8%	+27.7%	12.1	+27%
SK International Export 542728	Gems, Jewellery And Watches	—	−95.2%	Loss	11.9	−22.3%
Sunraj Diamond Exports 523425	Gems, Jewellery And Watches	—	+91.3%	Loss	81.1	−5.5%
Tacent Projects 531887	Gems, Jewellery And Watches	—	—	—	271.8	—
Timex Group India TIMEX	Gems, Jewellery And Watches	—	+29.6%	+66.7%	71.5	+18%
Bindal Exports L 540148	Gems, Jewellery And Watches	—	−24.7%	−80%	45.7	—
Turner Industrie 531164	Gems, Jewellery And Watches	—	—	—	7.1	—
Spice Islands Industries 526827	Gems, Jewellery And Watches	—	—	—	—	—

Figures are medians and shares of companies, so one giant company cannot outweigh the rest. Results compare each company's latest quarter with the same quarter a year earlier; ratings and announcements cover the last 90 days (announcements are read by AI and can be wrong). This page adds up published data; it is not a recommendation to buy or sell anything.