Utssav CZ Gold Jewels Ltd (UTSSAV) Share Price & Fundamentals

What we do

Utssav CZ Gold Jewels Ltd designs, manufactures, wholesales, and exports 18K, 20K, and 22K cubic zirconia gold jewellery including rings, earrings, pendants, and more.

Founded in

2,007

Market share

A growing player in lightweight CZ gold jewellery with expert design, quality, and BIS hallmarking, increasing annual capacity to 1500 kg.

Problem solved

Providing affordable, high-quality CZ gold jewellery meeting varied consumer preferences with innovation and trusted standards.

Top clients or who we serve

B2B and B2C clients domestically and internationally including wholesalers, retailers, and export markets.

Key management

Pankajkumar Hastimal Jagawat (Managing Director), Shashank Bhawarlal Jagawat (Whole Time Director).

Our journey and innovations

Incorporated in 2007; IPO raised Rs. 69.49 crore in 2024; expanded production and entered export markets since 2010; launched rose gold jewellery in 2018.

Where we operate

Primarily India with export sales contributing since 2010 to global markets.

Top products or what we offer

Wide range of CZ studded gold and rose gold jewellery including rings, earrings, pendants, bracelets, necklaces, watches, and brooches.

Top brands

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Raw materials needed

Gold (18K-22K), cubic zirconia stones, rose gold alloys.

Raw materials supplier

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Recurring vs cyclical contribution

Revenue largely from recurring manufacturing and wholesale sales, plus export orders, showing consistent growth.

Our industry position

Emerging mid-tier manufacturer specializing in lightweight CZ gold jewellery with rising market footprint.

Financial highlights

FY2024-25 revenue Rs. 646.32 crore with net profit Rs. 25.06 crore, nearly doubling revenue year-over-year.

Geographical revenue split

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Order book

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Whats driving growth

Rising demand for affordable luxury jewellery, expanding export markets, and increased production capacity.

Our future plans

Focus on scaling production, expanding product range, increasing exports, and leveraging IPO proceeds for growth.

Our green promise

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Our people and values

Committed to employee safety, health, and fostering talent with diversity and inclusion.

Key challenges ahead

Maintaining quality with expansion, managing raw material costs, and navigating competitive jewellery markets.

Interesting facts

First export sales in 2010; IPO launched on NSE Emerge in 2024; doubled production capacity in FY2023-25.

Risks and strategy

Mitigates risks via strong internal controls, compliance, and diversification of markets and products.