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 ₹ 3,153 Cr.
- Current Price ₹ 1,381
- High / Low ₹ 1,895 / 1,210
- Stock P/E 21.0
- 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: | 71% |
| 3 Years: | 66% |
| 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)-Analyst / Investor Meet - Intimation
13h - Q3FY26 and 9MFY26 results on Jan 23; earnings call Jan 24, 2026 at 13:00 IST.
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Board Meeting Intimation for Intimation For Board Meeting To Be Held On Friday, January 23, 2026.
1d - Board meeting Jan 23, 2026 to approve unaudited results for quarter ended Dec 31, 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Jan - RTA certifies Reg 74(5) not applicable; all shares demat; no rematerialisation requests for quarter ended Dec 31, 2025.
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Announcement under Regulation 30 (LODR)-Credit Rating
9 Jan - CARE reaffirms ratings: CARE A- (LT) and CARE A2+ (ST); limits ₹51.95Cr and ₹288.00Cr.
- Closure of Trading Window 27 Dec
Annual reports
Concalls
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Dec 2025Transcript PPT
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Nov 2025TranscriptAI SummaryPPT
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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 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Aug 2021TranscriptAI SummaryPPT
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Oct 2020TranscriptAI SummaryPPT
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]