D.P. Abhushan Ltd
D. P. Abhushan Limited is engaged in the business of manufacturing, selling, and trading Jewellery and other precious Metals. It is also engaged in the business of Power generation through Windmill. [1]
Famous Jewellery store in Ratlam (M.P) Three more stores fully operational in Indore, Bhopal & Udaipur.
- Market Cap ₹ 3,405 Cr.
- Current Price ₹ 1,503
- High / Low ₹ 1,928 / 1,116
- Stock P/E 30.2
- Book Value ₹ 178
- Dividend Yield 0.00 %
- ROCE 33.6 %
- ROE 35.1 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 46.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.8%
- Promoter holding has increased by 1.17% over last quarter.
Cons
- Stock is trading at 8.44 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 451 | 660 | 812 | 807 | 1,215 | 1,728 | 1,971 | 2,337 | 3,311 | |
| 433 | 638 | 784 | 773 | 1,164 | 1,653 | 1,893 | 2,234 | 3,138 | |
| Operating Profit | 18 | 22 | 28 | 34 | 51 | 75 | 79 | 103 | 173 |
| OPM % | 4% | 3% | 3% | 4% | 4% | 4% | 4% | 4% | 5% |
| 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Interest | 12 | 10 | 10 | 10 | 11 | 15 | 13 | 14 | 14 |
| Depreciation | 1 | 1 | 2 | 3 | 4 | 5 | 5 | 6 | 9 |
| Profit before tax | 8 | 11 | 16 | 22 | 37 | 55 | 61 | 83 | 151 |
| Tax % | 35% | 28% | 28% | 25% | 25% | 26% | 25% | 26% | 25% |
| 5 | 8 | 12 | 17 | 27 | 40 | 45 | 62 | 113 | |
| EPS in Rs | 3.66 | 5.30 | 7.49 | 12.34 | 18.17 | 20.36 | 27.80 | 49.73 | |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 6% | 5% | 4% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 24% |
| TTM: | 42% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 41% |
| TTM: | 82% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 96% |
| 3 Years: | 53% |
| 1 Year: | 10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 32% |
| Last Year: | 35% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 23 |
| Reserves | 0 | 19 | 31 | 47 | 75 | 116 | 159 | 216 | 381 |
| 96 | 125 | 99 | 97 | 171 | 170 | 126 | 173 | 169 | |
| 21 | 29 | 78 | 102 | 129 | 105 | 102 | 126 | 265 | |
| Total Liabilities | 138 | 195 | 230 | 269 | 397 | 414 | 409 | 537 | 837 |
| 19 | 26 | 27 | 30 | 42 | 50 | 49 | 49 | 65 | |
| CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 11 |
| Investments | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
| 119 | 169 | 203 | 238 | 352 | 363 | 360 | 488 | 761 | |
| Total Assets | 138 | 195 | 230 | 269 | 397 | 414 | 409 | 537 | 837 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 8 | -9 | 37 | 7 | -29 | 17 | 61 | -0 | -19 | |
| 8 | -17 | -3 | -2 | -12 | -5 | -1 | -4 | -27 | |
| -16 | 30 | -34 | -11 | 50 | -18 | -60 | 28 | 40 | |
| Net Cash Flow | 1 | 3 | 0 | -5 | 9 | -6 | 0 | 24 | -6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 0 |
| Inventory Days | 96 | 88 | 89 | 113 | 103 | 79 | 69 | 76 | 87 |
| Days Payable | 5 | 9 | 25 | 29 | 25 | 14 | 12 | 12 | 21 |
| Cash Conversion Cycle | 92 | 80 | 66 | 85 | 79 | 66 | 56 | 64 | 66 |
| Working Capital Days | 78 | 72 | 52 | 61 | 63 | 52 | 47 | 52 | 54 |
| ROCE % | 15% | 16% | 20% | 22% | 24% | 24% | 27% | 34% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
5h - Audio recording of Q4 FY25 earnings call submitted as per regulatory compliance.
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Announcement under Regulation 30 (LODR)-Investor Presentation
13h - Earnings presentation for the audited financial results of the company for the fourth quarter & financial year ended on 31st March, 2025.
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Results- Financial Result For March 31, 2025
16 May - Audited FY25 results: Revenue ₹3310 Cr, Profit ₹113 Cr; no dividend declared due to expansion plans.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 May - FY25 revenue ₹3312 Cr (+42%), PAT ₹113 Cr (+82%), Q4 revenue ₹718 Cr (+29%), strong profitability growth.
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Announcement under Regulation 30 (LODR)-Cancellation of Dividend
16 May - D.P. Abhushan reports FY25 audited results; profit ₹112.7 Cr, no dividend due to expansion plans.
Annual reports
Concalls
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May 2025TranscriptNotesPPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Jul 2024Transcript PPT REC
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May 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
Product Portfolio
Necklaces, Rings, Chains, Bangles, Pendants, Earrings, Armlets, Gajrahs, Nose Rings, Mangalsutra, Gold jewellery, Diamond studded jewellery, Precious and semi-precious stone studded jewellery, Plain and diamond-studded platinum jewellery, Jadau Jewellery, Jewellery with coloured stones in gold and diamond. [1]