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 ₹ 3,408 Cr.
- Current Price ₹ 1,493
- High / Low ₹ 1,895 / 1,210
- Stock P/E 22.7
- Book Value ₹ 222
- Dividend Yield 0.00 %
- ROCE 33.6 %
- ROE 35.1 %
- Face Value ₹ 10.0
Pros
- 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%
Cons
* 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.
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 451 | 660 | 812 | 807 | 1,215 | 1,728 | 1,971 | 2,337 | 3,307 | 3,309 | |
| 433 | 638 | 784 | 773 | 1,164 | 1,653 | 1,893 | 2,234 | 3,131 | 3,083 | |
| Operating Profit | 18 | 22 | 28 | 34 | 51 | 75 | 79 | 103 | 176 | 227 |
| OPM % | 4% | 3% | 3% | 4% | 4% | 4% | 4% | 4% | 5% | 7% |
| 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | |
| Interest | 12 | 10 | 10 | 10 | 11 | 15 | 13 | 14 | 17 | 16 |
| Depreciation | 1 | 1 | 2 | 3 | 4 | 5 | 5 | 6 | 9 | 11 |
| Profit before tax | 8 | 11 | 16 | 22 | 37 | 55 | 61 | 83 | 151 | 202 |
| Tax % | 35% | 28% | 28% | 25% | 25% | 26% | 25% | 26% | 25% | |
| 5 | 8 | 12 | 17 | 27 | 40 | 45 | 62 | 113 | 150 | |
| EPS in Rs | 3.66 | 5.30 | 7.49 | 12.34 | 18.17 | 20.36 | 27.80 | 49.73 | 66.22 | |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 6% | 5% | 4% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 24% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 41% |
| TTM: | 81% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 67% |
| 3 Years: | 58% |
| 1 Year: | -14% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 23 | 23 |
| Reserves | 0 | 19 | 31 | 47 | 75 | 116 | 159 | 216 | 381 | 484 |
| 96 | 125 | 99 | 97 | 171 | 170 | 126 | 173 | 184 | 212 | |
| 21 | 29 | 78 | 102 | 129 | 105 | 102 | 126 | 249 | 259 | |
| Total Liabilities | 138 | 195 | 230 | 269 | 397 | 414 | 409 | 537 | 837 | 978 |
| 19 | 26 | 27 | 30 | 42 | 50 | 49 | 49 | 65 | 74 | |
| CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 11 | 0 |
| Investments | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 |
| 119 | 169 | 203 | 238 | 352 | 363 | 360 | 488 | 761 | 903 | |
| Total Assets | 138 | 195 | 230 | 269 | 397 | 414 | 409 | 537 | 837 | 978 |
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 | 46 | 30 | 20 | 19 | 25 | 29 | 27 | 36 |
| ROCE % | 15% | 16% | 20% | 22% | 24% | 24% | 27% | 34% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
12h - Q2FY26 Investor Presentation for the Unaudited Financial Results of the company for the Second quarter and Half-year ended September 30, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Published press release declaring unaudited results for quarter and half ended 30.09.2025; newspapers on Nov 4, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Publications of Unaudited Financial results for the Quarter ended September 30, 2025 pursuant to Regulation 47 of SEBI (LODR), 2015.
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Announcement Under Regulation 30 Of SEBI (LODR), 2015
2d - NRC granted 62,300 ESOPs at Rs.10 each; vesting over four years; exercises by 15/12/2026–15/12/2029.; "checklist":["Review announcement contents and key figures","Assess materiality and investor impact","Classify priority …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
3 Nov - Regarding Q2FY26 Earnings Call to be held on 6th November 2025 at 17:30hrs.
Annual reports
Concalls
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Nov 2025TranscriptNotesPPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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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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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Aug 2021TranscriptNotesPPT
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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]