Synopsis:
Eighty Jewellers Ltd shares rose 9% as net profit soared 442% to ₹3.20 Crores in H1FY26.
The shares of the Penny stock company, specializing in the trading of exquisite jewelry and luxury items, including watches, crafted from gold, silver, diamonds, and platinum, and studded with precious stones, jumped upto 9 percent following their results, with a 442 percent rise in profit.
With a market capitalization of Rs. 31.62 Crores on Monday, the shares of Eighty Jewellers Ltd jumped upto 8.6 percent, reaching a high of Rs. 32.05 compared to its previous close of Rs. 29.49.
What Happened
Eighty Jewellers Ltd, engaged in the trading of exquisite jewelry and luxury items, including watches, crafted from gold, silver, diamonds, and platinum, and studded with precious stones, has announced its H1 results as follows:
Its Revenue from operations rose by 10 percent YoY from Rs. 49.9 Crores in H1FY25 to Rs. 54.7 Crores in H1FY26, and it declined by 8 percent half-yearly from Rs. 59.7 Crores in H2FY25 to Rs. 54.7 Crores in H1FY26.
Its Net Profit YoY rose by 154 percent from Rs. 1.26 Crores in H1FY25 to Rs. 3.20 Crores in H1FY26, and it rose by 442 percent half-yearly from Rs. 0.59 Crores in H2FY25 to Rs. 3.20 Crores in H1FY26. The earnings per share (EPS) for the half-yearly period stood at Rs. 3.18, compared to Rs. 0.58 in the previous one.
The company has a decent Return on Capital Employed (ROCE) of 10.1% and a Return on Equity (ROE) of 7.05%, indicating moderate profitability and efficiency. While the industry P/E ratio is 30.0, the company’s P/E ratio is significantly lower at 8.35, suggesting that the stock may be undervalued compared to its industry peers.
Company Overview & Others
Eighty Jewellers Ltd. is a public limited company that specializes in trading jewelry, watches, and luxury items made from gold, silver, diamonds, and platinum. Incorporated in 2010 and converted to a public company in 2021, it operates under the brand name Anopchand Tilokchand Jewellers, catering to various market segments.
The company’s vision is to offer affordable luxury with contemporary designs and has a business-to-business (B2B) model. The product portfolio includes rings, earrings, armlets, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and other wedding jewellery. The products cater to the customers across high-end, mid-market, and value market segments.
Written by Sridhar J
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