Mefcom Capital Markets Ltd.
Established in 2007, Priority Jewels specializes in designing, manufacturing, and selling fine diamond-studded gold and platinum jewelry. The company offers a wide spectrum of offerings ranging from daily-wear pieces—such as rings, earrings, pendants, and bracelets—to high-end occasion couture jewelry. Operations are supported by two dedicated manufacturing facilities located in Mumbai spanning over 19,000 square feet.
Priority Jewels has built a robust global and domestic footprint, serving more than 200 B2B clients, including over 125 independent retailers and 53 major retail chains such as Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds, and CaratLane. Domestically, its presence spans 21 states and 3 union territories, while its international reach extends to 13 countries, including the United States, UAE, Hong Kong, and Norway.
For the year/period ended (Rs. in Cr.)
| FY26 | FY25 | FY24 | |
|---|---|---|---|
| Total Revenue | 539.03 | 435.87 | 410.61 |
| Profit After Tax | 17.65 | 10.51 | 7.15 |
| EPS | 14.03 | 8.34 | 5.67 |
| EBITDA Margin (%) | 6.24 | 5.58 | 4.71 |
| PAT Margin (%) | 3.27 | 2.41 | 1.74 |
For year/ period ended ( in Cr.)
| Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY26 |
Net Profits(Cr.) FY26 |
|---|---|---|---|---|---|---|
| Priority Jewels Limited | 360* | 200 | 1.94 | 13.9 | 539.03 | 17.65 |
| Khazanchi Jewellers Ltd | 1950 | 788 | 5.61 | 19.2 | 2049 | 89 |
| RBZ Jewellers Limited | 579 | 145 | 1.89 | 10.1 | 636 | 55 |
| Ashapuri Gold Ornament Limited | 135 | 4.04 | 0.82 | 6.54 | 317 | 19 |
*Market cap @upper band
The Company PRIORITY JEWELS LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
At the upper band of IPO Rs. 200, the stock is valued at 13.9 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.