Zodiac JRD MKJ Share Price

Overview 

Zodiac-JRD-MKJ Limited, with its corporate operations in Mumbai, functions as a company engaged in the business of cut and polished diamonds, jewellery, precious stones, and semi-precious stones. The company was originally incorporated as a Private Limited Company on January 6, 1987, and was converted into a Public Limited Company on October 22, 1992. Zodiac-JRD-MKJ Limited is part of the Mudit Jain and Sanghavi family of the Bluerock Group, which has varied business interests. The company deals in the sale and trading of gold and diamond jewellery, along with cut and polished diamonds, precious stones, and semi-precious stones. Zodiac-JRD-MKJ share price on NSE and BSE signifies how market participants react to the company’s operational performance and the overall developments in the gems and jewellery sector. The company’s financial health depends on consumer demand for diamond and gold jewellery, raw material prices, export orders, and the performance of its domestic and international distribution channels. 

Zodiac-JRD-MKJ stock price is influenced by various factors such as earnings, fluctuations in global gold and diamond prices, regulatory changes in import and export policies, and currency exchange rates. In the longer run, strategies such as expanding product offerings, strengthening export relationships, and deepening client relationships affect the stock market sentiments. All these factors need to be monitored closely to have an idea about the company’s stock price movements. 

Zodiac-JRD-MKJ live share price provides real time information about the last price traded, bid and ask prices, and volume traded. These indicators represent market activity and liquidity, reflecting investor response to corporate announcements, economic conditions, and sector news. Constant monitoring of the Zodiac-JRD-MKJ live price helps in observing short term price volatility and shows how a stock moves relative to the broader BSE Consumer Durables index. 

Furthermore, monitoring Zodiac-JRD-MKJ stock price movements helps investors understand real time market sentiment, price fluctuations, and trading behaviour. It allows them to evaluate short term performance, and respond to news, quarterly results, or sector trends that may influence the company’s valuation and overall investment outlook. 

Zodiac-JRD-MKJ Limited Company Fundamentals 

A. Company Background

Zodiac-JRD-MKJ Limited was incorporated as a Private Limited Company on January 6, 1987, and was converted into a Public Limited Company on October 22, 1992. The company is engaged in the business of cut and polished diamonds, jewellery, precious stones, and semi-precious stones. Its operations are based in India, with corporate functions managed from its administrative offices in Mumbai, Maharashtra. The company is part of the Mudit Jain and Sanghavi family of the Bluerock Group. Over time, the company has established itself as a player in the Indian gems and jewellery sector, focusing on the manufacturing, sale, and trading of gold and diamond jewellery. 

B. Company Product Lines

• Cut and Polished Diamonds: Supplies cut and polished diamonds for jewellery manufacturing and retail. 

• Gold and Diamond Jewellery: Offers a range of gold and diamond jewellery products for domestic and international markets. 

• Precious Stones: Provides precious stones including rubies, sapphires, and emeralds. 

• Semi-Precious Stones: Supplies semi-precious stones for various jewellery applications. 

The product portfolio is structured to serve both domestic and international clients across wholesale and retail channels. 

C. Company Revenue Model

• Domestic Sales: Revenue generated through jewellery and diamond sales with Indian clients across wholesale and retail sectors. 

• Export Sales: Contribution from international clients primarily in the Middle East, Europe, and Asia-Pacific regions. 

• Institutional and Bulk Contracts: Bulk supply agreements with jewellery manufacturers and retailers. 

Revenue performance is primarily influenced by global demand for diamonds and jewellery, gold and diamond price movements, and pricing realisations in domestic and export markets. 

D. Geographic Presence

• Global Headquarters: Primary administrative and management functions based in Mumbai, Maharashtra, India. 

• Distribution Network: Domestic presence covering major Indian cities and export markets. 

• Export Markets: Products and services are supplied to clients in various countries depending on demand conditions. 

E. Key Milestones

• 1987 – Establishment: Zodiac-JRD-MKJ Limited was established as a Private Limited Company, marking the beginning of its operations in the gems and jewellery sector. 

• 1992 – Public Conversion: The company was converted into a Public Limited Company, expanding its corporate structure. 

• 2004 – Stock Exchange Listing: Zodiac-JRD-MKJ was listed on the Bombay Stock Exchange (BSE), increasing its visibility and market presence. 

• 2023 – Strategic Acquisition: In December 2023, Mudit Jain and Sanghavi family of the Bluerock Group acquired the company. 

• 2024 – Business Expansion: The company continued to strengthen its product offerings and distribution network. 

F. Industry Perspective

The gems and jewellery industry, where Zodiac-JRD-MKJ Limited operates, is one of India’s most significant sectors. The global jewellery market was valued at approximately US$350 billion in 2025 and is projected to reach US$480 billion by 2030, growing at a CAGR of 6.5–7%. The global diamond market is estimated at around US$100 billion, with India accounting for approximately 90% of the world’s diamond cutting and polishing. India’s gems and jewellery exports stood at approximately US$40 billion in FY25, with diamond exports contributing over US$25 billion. The Indian gems and jewellery market is valued at around US$85 billion and is expected to reach US$130 billion by 2030, registering a CAGR of approximately 8–9%. The organised jewellery retail segment in India is growing at a CAGR of 12–15%, driven by rising disposable incomes, urbanisation, and shifting consumer preferences towards branded jewellery. Gold imports into India, the world’s second-largest gold consumer, averaged approximately 800 tonnes annually, valued at around US$50 billion. The diamond jewellery segment accounts for nearly 15% of the overall jewellery market in India. Government initiatives such as the India B2B Jewellery Exhibition and the creation of the India International Bullion Exchange have strengthened the sector’s global position. However, the industry faces challenges including fluctuating gold and diamond prices, import duties, regulatory changes, and competition from synthetic diamonds and lab-grown stones. The growing preference for lab-grown diamonds, which are estimated to capture 10–15% of the diamond market by 2030, presents both opportunities and challenges for traditional diamond players. 

Zodiac-JRD-MKJ Limited Stock Market Presence: Listings & Index Representation 

Zodiac-JRD-MKJ Limited is listed on the National Stock Exchange (NSE) under the ticker symbol ZODJRDMKJ and on the Bombay Stock Exchange (BSE) with the scrip code 512587. Zodiac-JRD-MKJ share price is actively traded on both exchanges, making it one of the closely followed small-cap stocks in the gems and jewellery sector. The company has established a presence in the Indian equity market, with Zodiac-JRD-MKJ share price frequently monitored by retail and institutional investors seeking exposure to the gems and jewellery sector. 

As a small-cap company in the gems and jewellery industry, Zodiac-JRD-MKJ Limited is a constituent of several sectoral indices, including the BSE Consumer Durables and BSE Small Cap indices. The Zodiac-JRD-MKJ stock price carries representation in these indices, reflecting the company’s presence in the Indian gems and jewellery sector. Investors often track Zodiac-JRD-MKJ stock price alongside major benchmark indices to evaluate the company’s performance relative to its peers and the overall market. 

The company’s index representation enhances its visibility among domestic and international investors, including mutual funds, exchange-traded funds (ETFs), and retail investors. Owing to its established presence in the gems and jewellery sector, Zodiac-JRD-MKJ Limited is recognised as a player in India’s diamond and jewellery industry. Its stock remains a component in diversified investment portfolios, while movements in Zodiac-JRD-MKJ stock price are often viewed as an indicator of trends within the Indian gems and jewellery sector. 

Zodiac-JRD-MKJ Limited Stock Performance and Share Price History 

Zodiac-JRD-MKJ share price on the NSE reflects the company’s position in India’s gems and jewellery sector. The performance of Zodiac-JRD-MKJ stock price is primarily influenced by gold and diamond price movements, export demand, consumer spending patterns, operating margin trends, and growth in domestic and international jewellery markets. Investors closely monitor Zodiac-JRD-MKJ share price alongside other gems and jewellery companies to assess the sector’s relative performance and valuation. Earnings announcements, management guidance, and macroeconomic developments continue to influence Zodiac-JRD-MKJ share price across different market cycles. 

Investors closely monitor the Zodiac-JRD-MKJ stock price to evaluate the company’s competitive position within the Indian gems and jewellery sector and compare its performance with other small-cap companies in the industry. Earnings announcements, management guidance, and global macroeconomic developments remain key factors influencing investor expectations. 

Corporate initiatives, including product portfolio expansion, export market development, and strategic acquisitions, have also shaped expectations surrounding Zodiac-JRD-MKJ share price. Although these strategic initiatives strengthen the company’s long-term outlook, they may trigger short-term volatility depending on consumer demand and global economic conditions. The Zodiac-JRD-MKJ stock price is also influenced by factors such as currency fluctuations, raw material price trends, and the pace of consumer spending on jewellery. Strong order inflows and consistent execution often support the company’s valuation over the long term. 

While day-to-day movements are generally driven by news flow and quarterly earnings, long-term valuation is better assessed through annual highs and lows, which reflect changes in consumer demand, earnings visibility, and overall business performance. As a result, Zodiac-JRD-MKJ stock price continues to be closely tracked by domestic and global investors seeking exposure to India’s gems and jewellery sector. 

As of mid-2026, Zodiac-JRD-MKJ share price trades around ₹39.8, compared with its 52-week high of ₹73.0, while the 52-week low stands at ₹28.4, indicating a significant correction from the peak. This decline mirrors the broader weakness witnessed across the gems and jewellery sector amid slower consumer spending and fluctuating raw material prices. Despite the correction, Zodiac-JRD-MKJ share price continues to exhibit volatility typical of small-cap companies in the sector. 

The company’s revenue performance remains closely linked to global gold and diamond prices and consumer demand. Strong export orders and domestic festive season demand have historically supported Zodiac-JRD-MKJ share price, whereas slower consumer spending, reduced discretionary purchases, and raw material price volatility have resulted in periods of consolidation. In addition, higher input costs and margin pressure have periodically weighed on Zodiac-JRD-MKJ share price. 

Zodiac-JRD-MKJ stock price also responds to broader market sentiment, quarterly earnings, and management commentary. Historically, Zodiac-JRD-MKJ stock price has remained sensitive to import duties, gold and diamond price fluctuations, currency movements, and global economic conditions. Changes in consumer sentiment, lower discretionary spending, and margin compression have periodically affected Zodiac-JRD-MKJ stock price, while continued investments in product quality and export expansion remain important long-term drivers for Zodiac-JRD-MKJ stock price. 

Examining the long-term trend, Zodiac-JRD-MKJ share price has delivered mixed returns with periodic corrections driven by global economic cycles. Based on annual closing levels, Zodiac-JRD-MKJ share price increased from ₹30.07 in 2016 to ₹34.52 in 2017, generating an annual return of 14.80%. In 2018, Zodiac-JRD-MKJ share price closed at ₹32.64, reflecting a decline of 5.45%. The stock declined further to ₹25.24 in 2019, delivering a negative return of 22.67%. During the pandemic in 2020, Zodiac-JRD-MKJ share price closed at ₹22.59, reflecting a decline of 10.50%. 

The recovery began in 2021, when Zodiac-JRD-MKJ share price climbed to ₹26.39, delivering an annual return of 16.82%. In 2022, Zodiac-JRD-MKJ share price advanced to ₹27.46, recording a 4.05% gain. The stock strengthened in 2023, ending the year at ₹42.79, representing a significant gain of 55.83%. In 2024, Zodiac-JRD-MKJ share price closed at ₹60.76, reflecting a robust 42.00% annual return. However, the stock corrected in 2025, ending the year at ₹40.13, registering a decline of 33.95%. Over the 2016–2025 period, Zodiac-JRD-MKJ share price generated an approximate CAGR of 2.9% and cumulative returns of around 33.4%, highlighting the volatile nature of returns in the gems and jewellery sector. 

From a seasonality perspective, Zodiac-JRD-MKJ share price has generally performed better during the October-December quarter, supported by festive season demand, wedding season purchases, and year-end consumer spending on jewellery. In contrast, the April-June quarter has frequently witnessed consolidation as investors assess annual guidance and macroeconomic conditions. Historical data also indicates that Zodiac-JRD-MKJ share price has typically delivered stronger annual returns following periods of strong gold and diamond demand, while returns moderated during years characterised by slower consumer spending and raw material price volatility. 

Performance analysis shows that Zodiac-JRD-MKJ share price generally benefits from a stronger US dollar because a significant share of revenue is generated through exports. Conversely, higher gold prices, import duties, and slower consumer spending can compress margins and influence investor sentiment. During the recent correction, Zodiac-JRD-MKJ share price has retreated from its 52-week high of ₹73.0 to around ₹39.8, while remaining above the 52-week low of ₹28.4, reflecting the volatile nature of small-cap stocks in the sector. 

Over the last 10 years, Zodiac-JRD-MKJ has delivered a cumulative return of approximately 4.4%, significantly underperforming the BSE Consumer Durables (17.7%) and BSE Small Cap indices over the same period. This long-term performance indicates that while the company has remained a player in the gems and jewellery industry, Zodiac-JRD-MKJ share price has generated relatively lower returns than broader equity benchmarks over the past decade. 

The underperformance has also been evident across shorter investment horizons. Zodiac-JRD-MKJ stock price declined approximately 14.0% over the past year, compared with gains of 6.0% in the BSE Consumer Durables. Over the three-year period, the stock delivered returns of approximately 14.3%, while over five years, it generated returns of 13.5%. These figures highlight the mixed performance of Zodiac-JRD-MKJ share price compared with its peers and the overall market. 

Despite the longer-term underperformance, recent trading activity has shown signs of recovery. Zodiac-JRD-MKJ stock price gained approximately 16.2% over the past month, outperforming the benchmark indices and sector peers during this period. However, the stock declined approximately 7.0% over three months and 9.6% year-to-date. Investors continue to monitor Zodiac-JRD-MKJ share price closely to assess whether this short-term recovery can be sustained amid evolving consumer demand, raw material prices, and global economic conditions. 

Zodiac-JRD-MKJ share price has delivered mixed long-term returns with significant volatility. As of mid-2026, Zodiac-JRD-MKJ stock price gained approximately 4.4% over 10 years, but underperformed the BSE Consumer Durables (+17.7%) and BSE Small Cap indices. Over five years, the stock delivered returns of 13.5%, while three-year returns stood at approximately 14.3%. 

In the short term, Zodiac-JRD-MKJ share price showed mixed performance with gains of 16.2% over one month, but declined 7.0% over three months and 9.6% year-to-date. The Zodiac-JRD-MKJ share price analysis shows a volatile seasonal pattern. Among the last 10 calendar years, Zodiac-JRD-MKJ recorded its strongest annual return in 2014 (+186.97%), followed by 2023 (+55.83%), while the weakest performances came in 2013 (-38.48%) and 2012 (-38.48%). Positive years such as 2017 (+14.80%), 2021 (+16.82%), 2022 (+4.05%), 2023 (+55.83%), and 2024 (+42.00%) were offset by declines in 2018 (-5.45%), 2019 (-22.67%), 2020 (-10.50%), and 2025 (-33.95%). 

Zodiac-JRD-MKJ Limited Investor Relevance and Role in Portfolio 

Zodiac-JRD-MKJ Limited is a holding in small-cap and gems and jewellery sector portfolios, providing investors with exposure to the diamond and gold jewellery industry, precious stones, and the Indian gems and jewellery market. Zodiac-JRD-MKJ share price is closely followed by market participants seeking exposure to India’s gems and jewellery sector, as the company remains an established player in the industry with a presence in domestic and export markets. 

The company’s inclusion in sectoral indices, including the BSE Consumer Durables and BSE Small Cap, reinforces its significance within India’s gems and jewellery ecosystem. Zodiac-JRD-MKJ stock price is widely tracked by domestic and international investors, mutual funds, and retail investors because of its established presence in the sector. 

In addition, the company’s product portfolio and established market presence make it a constituent in diversified equity portfolios focused on the consumer goods sector. Consequently, Zodiac-JRD-MKJ stock price remains an important indicator for investors assessing trends in the Indian gems and jewellery industry. 

Zodiac-JRD-MKJ share price is influenced by the company’s ownership structure. Zodiac-JRD-MKJ’s equity is held by a mix of promoters, institutional investors, and retail investors. Promoters hold approximately 28.4% of the company. The promoter holding has decreased over the last quarter by 10.8%. The company’s management includes Mudit Jain as Promoter Director, Jamsheed M. Panday as Chairman, and Mahesh R. Shah as Managing Director. This investor base underscores the company’s role as a holding in both domestic and international portfolios concentrating on the gems and jewellery sector. 

Beyond fundamentals and ownership, Zodiac-JRD-MKJ share price is actively monitored in cash market segments, where trading volumes and delivery patterns reflect expectations on consumer demand, raw material prices, and regulatory policy actions. Zodiac-JRD-MKJ stock price is available for trading on both major Indian exchanges, allowing investors to take positions based on their outlook for the gems and jewellery sector. Market participants watch these trading indicators to gauge sentiment around quarterly results and policy announcements. 

Technical indicators provide additional insight into short term momentum shifts in Zodiac-JRD-MKJ share price. While these indicators are primarily used for near term trading decisions, they also help investors and portfolio managers understand broader market sentiment and anticipate potential volatility, especially around key events or announcements. In the short term and weekly timeframe, the stock has exhibited price movements that correlate with broader gems and jewellery sector trends. Based on available data, the stock’s beta indicates moderate volatility compared to the broader market. The company has manageable debt levels, reflecting a stable balance sheet position. 

Based on available data, the stock’s beta indicates moderate volatility compared to the broader market. For the long-term range (monthly tick over 4 years, with NIFTY50 as base), the beta is 1.06, the mean is 3409.80, and the standard deviation is 5.90. For the daily one month range, the beta is 1.81, the mean is 2126.46, and the standard deviation is 1.98. For the daily three month range, the beta is 0.982, the mean is 2315.30, and the standard deviation is 2.22. For the weekly one year range, the beta is 0.977, the mean is 2815.92, and the standard deviation is 2.96. For the weekly two year range, the beta is 0.903, the mean is 3379.38, and the standard deviation is 3.05. For the 2 week two year range, the beta is 1.03, the mean is 3368.66, and the standard deviation is 4.49. For the monthly two year range, the beta is 1.13, the mean is 3299.01, and the standard deviation is 6.55. The company has manageable debt levels, reflecting a stable balance sheet position. 

Overall, Zodiac-JRD-MKJ demonstrates a moderate volatility profile compared to the broader market, with the stock generally considered to have stable systematic risk. This makes it less sensitive to broader market movements compared to smaller gems and jewellery companies, though it remains exposed to sector specific factors such as gold and diamond prices and consumer spending patterns. 

Zodiac-JRD-MKJ Limited Sectoral Relevance and Peer Positioning 

Zodiac-JRD-MKJ Limited sector relevance stems from its presence in the gems and jewellery industry, its position as a player in the cut and polished diamonds segment, and its involvement in the gold and diamond jewellery business. Peer comparisons with companies like Titan Company, Rajesh Exports, PC Jeweller, Tribhovandas Bhimji Zaveri, and Renaissance Global focus on revenue growth, margin performance, product quality, and distribution scale rather than short term stock moves. These benchmarks help investors assess operational scale, efficiency, and regulatory adherence. Institutional tracking of global diamond prices, gold rates, and consumer trends further highlights Zodiac-JRD-MKJ positioning within the broader Indian gems and jewellery market. 

Zodiac-JRD-MKJ market cap highlights its position as a small-cap player within the gems and jewellery sector. The company’s market capitalization has moved in line with investor perceptions of the company’s growth potential following its strategic acquisitions and product expansion. Examining Zodiac-JRD-MKJ year-end market capitalization over the past decade reveals a pattern of substantial growth punctuated by periodic corrections. In 2016, the market cap stood at ₹33.72 Cr, before rising to ₹38.70 Cr in 2017 and ₹36.60 Cr in 2018. A decline occurred in 2019 to ₹28.30 Cr, followed by ₹25.33 Cr in 2020. The recovery began in 2021 with ₹29.59 Cr, ₹30.79 Cr in 2022, and ₹47.98 Cr in 2023. The momentum continued with the market cap reaching ₹68.13 Cr in 2024. However, 2025 witnessed a sharp correction, with the market cap declining to ₹44.99 Cr, and the trend has continued into 2026, with the market cap currently at approximately ₹41.53 Cr. Over this ten-year period, Zodiac-JRD-MKJ’s market cap has experienced a compound annual growth rate of approximately 2.1%, reflecting the company’s ability to create shareholder value despite recent headwinds. 

Zodiac-JRD-MKJ earnings trajectory demonstrates the impact of its operational execution in a competitive industry. The company’s revenue from operations has shown trends supported by the core gems and jewellery business. Zodiac-JRD-MKJ earnings, measured by profit after tax, have demonstrated mixed performance over the past decade. In fiscal year 2016, the company reported net profit of approximately ₹0.37 Cr, which grew to ₹1.04 Cr in 2017. The upward trajectory continued with earnings reaching ₹1.44 Cr in 2018 and ₹1.66 Cr in 2019. However, earnings declined to ₹0.59 Cr in 2020 and ₹0.31 Cr in 2021, before recovering to ₹0.32 Cr in 2022 and ₹0.25 Cr in 2023. In FY24, the company reported a loss, while FY25 saw a recovery with operating profit of ₹0.67 Cr. Over the past decade, Zodiac-JRD-MKJ earnings have shown volatility, driven by fluctuating gold and diamond prices and changing consumer demand despite global economic uncertainties and currency fluctuations. 

Zodiac-JRD-MKJ EPS reflects its operational performance and ability to generate consistent profits from its gems and jewellery business. The current EPS stands at approximately ₹0.5. Over the past decade, Zodiac-JRD-MKJ EPS has shown mixed performance, reflecting the company’s profitability challenges and resilience despite global economic uncertainties, changing consumer preferences, and evolving market conditions in the gems and jewellery industry. 

Zodiac-JRD-MKJ P/E ratio reflects investor expectations of the company’s earnings growth and future prospects. The ratio has fluctuated over the years in response to changing market sentiment, industry conditions, and business performance. The current trailing P/E ratio stands at approximately 70.4 to 75.8, significantly above the industry average of 21.21. The recent increase in valuation reflects investor expectations of potential growth, despite the company’s continued profitability challenges in the gems and jewellery sector. 

Summary 

Zodiac-JRD-MKJ Limited operates in the Indian gems and jewellery sector, dealing in cut and polished diamonds, gold and diamond jewellery, and precious stones. The company’s performance is closely tied to consumer demand, raw material prices, and export market conditions. Zodiac-JRD-MKJ share price movements reflect the broader trends in the gems and jewellery industry, making it a stock of interest for investors tracking the sector.