Grover Jewells Ltd
₹ 125
4.94%
08 Jun
- close price
About
Incorporated in 2021, Grover Jewells Limited is engaged in the manufacturing and designing of a wide range of wholesale gold jewellery.[1]
Key Points
- Market Cap ₹ 182 Cr.
- Current Price ₹ 125
- High / Low ₹ 276 / 91.4
- Stock P/E 8.59
- Book Value ₹ 47.9
- Dividend Yield 0.00 %
- ROCE 46.0 %
- ROE 49.1 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 49.6%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 255 | 258 | 461 | 824 | |
| 251 | 253 | 449 | 795 | |
| Operating Profit | 4 | 5 | 11 | 30 |
| OPM % | 2% | 2% | 2% | 4% |
| -0 | 0 | 0 | 1 | |
| Interest | 0 | 0 | 1 | 2 |
| Depreciation | 1 | 1 | 1 | 2 |
| Profit before tax | 3 | 3 | 9 | 26 |
| Tax % | 18% | 18% | 18% | 18% |
| 3 | 3 | 8 | 21 | |
| EPS in Rs | 10.17 | 10.43 | 28.59 | 14.59 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| TTM: | 79% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 98% |
| TTM: | 176% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 50% |
| Last Year: | 49% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 15 |
| Reserves | 4 | 6 | 14 | 55 |
| 4 | 4 | 9 | 27 | |
| 2 | 1 | 4 | 7 | |
| Total Liabilities | 12 | 14 | 30 | 103 |
| 3 | 4 | 5 | 13 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| 9 | 10 | 25 | 90 | |
| Total Assets | 12 | 14 | 30 | 103 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 2 | 3 | 0 | -31 | |
| -2 | -2 | -2 | -14 | |
| 0 | 0 | 4 | 47 | |
| Net Cash Flow | 0 | 0 | 2 | 2 |
| Free Cash Flow | -0 | 0 | -2 | -42 |
| CFO/OP | 55% | 69% | 18% | -91% |
Ratios
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 0 | 1 | 0 | 4 |
| Inventory Days | 12 | 11 | 16 | 31 |
| Days Payable | 2 | 0 | 2 | 1 |
| Cash Conversion Cycle | 10 | 12 | 15 | 34 |
| Working Capital Days | 9 | 11 | 11 | 27 |
| ROCE % | 32% | 52% | 46% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Actual Production - Gold 18 CTS KG |
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| Actual Production - Gold 20 CTS KG |
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| Actual Production - Gold 22 CTS KG |
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| B2B Sales Mix % |
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| Capacity Utilization - Gold 18 CTS % |
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| Capacity Utilization - Gold 20 CTS % |
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| Capacity Utilization - Gold 22 CTS % |
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| Installed Capacity - Gold 18 CTS KGPA |
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| Installed Capacity - Gold 20 CTS KGPA |
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| Installed Capacity - Gold 22 CTS KGPA |
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| Inventory Holding Period Days |
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Documents
Announcements
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Statement of deviation(s) or variation(s) under Reg. 32
22 May 2026 - Filed half-yearly IPO proceeds statement for March 31, 2026; Rs 33.83 crore raised, no deviation.
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Outcome of Board Meeting
22 May 2026 - Board approved audited FY26 results on May 22, 2026; auditor issued unmodified opinion.
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Copy of Newspaper Publication
12 May 2026 - Company filed newspaper advertisement for postal ballot notice and e-voting information on 12 May 2026.
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Shareholders meeting
11 May 2026 - Postal ballot seeks borrowing powers up to ₹500 crore and higher managerial remuneration; voting ends 10 June 2026.
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Outcome of Board Meeting
8 May 2026 - Grover Jewells corrects board outcome: NCD issue up to Rs 200 crore and related-party purchase limit Rs 30 crore.
Business Profile[1]
Grover Jewells Limited is a Delhi-based gold jewellery manufacturer with a strong B2B focus, operating across wholesale, retail and consumer segments. The company specializes in machine-made gold chains and casting jewellery, catering mainly to jewellers, retailers and bulk buyers, while gradually scaling up its B2C retail presence.