PC Jeweller Ltd - 534809 - Announcement under Regulation 30 (LODR)-Credit Rating
Revision in ratings by CARE Ratings Ltd. for Fixed Deposit Programme of the Company.10-12-2019
10-12-2019
Screener: Stocks with high interest payments compared to earnings include PC Jeweller, Hathway Cable, Airtel
One of the red flag screeners on Trendlyne is crucial for identifying stocks with weak financial positions because of the high interest payments they have to make every year. This screener looks at the interest coverage ratio for a company - are they earning enough annually to cover their interest payments. Companies whose earnings are just 1.5x of interest payments - or lower - get flagged by the screener. Stocks in this list - 69 of the Nifty500 - include PC Jeweller (which recently received a D from CRISIL), Hathway Cable, Bharti Airtel and others.10-12-2019
Crisil downgrades PC Jeweller's credit ratings to default
CRISIL Limited has downgraded PC Jeweller's long term and short terms rating to the bank loan facilities of the Company to CRISIL D (default). Crisil said that the downgrade in the ratingis due to invocation of letters of credit, the company's overutilization in working capital limits for more than 30 days, and the fact that the liquidity profile of the group has deteriorated in past few months on account of cash flow mismatches. There has also been rising concern of regulation in the sector, including further increases of import duty on jewellery. The company however said that after a weak September quarter, Q3 has seen a cash flow recovery due to the festive season. "The cash flows have started," the company said, "by the end of November, 2019 PC Jeweller has adjusted 90% of the devolved SBLCs".09-12-2019
PC JEWELLER LTD. - 534809 - Announcement under Regulation 30 (LODR)-Credit Rating
Revision in credit rating for bank loan facilities.09-12-2019
PC JEWELLER LTD. - 534809 - Change Of Name Of Registrar & Share Transfer Agent
The name of Registrar & Share Transfer Agent ('RTA') of the Company has been changed from Karvy Fintech Private Limited to KFin Technologies Private Limited.09-12-2019
PC JEWELLER LTD. - 534809 - Disclosure Of Related Party Transactions
Disclosure of Related Party Transactions on a consolidated basis for the half year ended September 30, 2019.06-12-2019
PC JEWELLER LTD. - 534809 - Announcement under Regulation 30 (LODR)-Credit Rating
Revision in credit rating for Fixed Deposits.28-11-2019
PC JEWELLER LTD. - 534809 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication.15-11-2019
PC JEWELLER LTD. - 534809 - Financial Results For Quarter And Half Year Ended September 30, 2019.
Financial Results for quarter and half year ended September 30, 2019 alongwith Limited Review Reports.14-11-2019