Manoj Vaibhav Gems N Jewellers Ltd
Incorporated in 2003, Manoj Vaibhav Gems
‘N’ Jewellers Ltd is in the retail business of Jewellery[1]
- Market Cap ₹ 763 Cr.
- Current Price ₹ 156
- High / Low ₹ 239 / 128
- Stock P/E 6.57
- Book Value ₹ 171
- Dividend Yield 0.00 %
- ROCE 15.6 %
- ROE 15.0 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.92 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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
Consumer Discretionary Consumer Durables Consumer Durables Gems, Jewellery And Watches
Part of BSE Consumer Discretionary
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 1,276 | 1,431 | 1,689 | 2,025 | 2,148 | 2,382 | 2,744 | |
| 1,193 | 1,350 | 1,584 | 1,881 | 1,997 | 2,217 | 2,559 | |
| Operating Profit | 83 | 81 | 106 | 144 | 151 | 166 | 185 |
| OPM % | 7% | 6% | 6% | 7% | 7% | 7% | 7% |
| 5 | -2 | 4 | 4 | 11 | 13 | 14 | |
| Interest | 46 | 43 | 42 | 44 | 45 | 41 | 36 |
| Depreciation | 9 | 9 | 9 | 9 | 8 | 8 | 10 |
| Profit before tax | 33 | 28 | 58 | 96 | 109 | 130 | 154 |
| Tax % | 27% | 25% | 25% | 25% | 26% | 23% | 25% |
| 24 | 21 | 44 | 72 | 81 | 100 | 115 | |
| EPS in Rs | 24.96 | 21.23 | 44.71 | 18.32 | 16.57 | 20.56 | 23.54 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 11% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 17% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 15% |
| Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 39 | 49 | 49 | 49 |
| Reserves | 198 | 219 | 263 | 305 | 569 | 670 | 785 |
| 467 | 489 | 503 | 485 | 429 | 400 | 491 | |
| 143 | 85 | 124 | 248 | 352 | 380 | 540 | |
| Total Liabilities | 819 | 803 | 900 | 1,078 | 1,399 | 1,498 | 1,865 |
| 121 | 93 | 87 | 83 | 78 | 88 | 82 | |
| CWIP | 17 | 7 | 3 | 1 | 1 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 681 | 704 | 809 | 994 | 1,321 | 1,410 | 1,781 | |
| Total Assets | 819 | 803 | 900 | 1,078 | 1,399 | 1,498 | 1,865 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 33 | -12 | 9 | 69 | 60 | -67 | 26 | |
| -6 | 11 | 1 | -4 | -126 | 127 | 2 | |
| -37 | 4 | -26 | -59 | 94 | -76 | 55 | |
| Net Cash Flow | -9 | 4 | -15 | 7 | 28 | -16 | 83 |
| Free Cash Flow | 18 | -4 | 9 | 68 | 58 | -78 | 22 |
| CFO/OP | 61% | -2% | 22% | 66% | 58% | -20% | 32% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 2 | 5 | 4 | 4 | 5 | 5 | 4 |
| Inventory Days | 212 | 184 | 188 | 193 | 211 | 231 | 246 |
| Days Payable | 34 | 17 | 22 | 8 | 19 | 25 | 26 |
| Cash Conversion Cycle | 181 | 172 | 171 | 190 | 196 | 211 | 225 |
| Working Capital Days | 38 | 61 | 64 | 67 | 71 | 97 | 89 |
| ROCE % | 12% | 13% | 17% | 16% | 16% | 16% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Total Number of Showrooms count |
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| Average Bill Value INR |
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| Gold Volume Sold kg |
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| Number of Employees count |
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| Old Gold Exchange as % of Sales % |
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| Total Square Feet of Showrooms sq.ft. |
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| Same Store Sales Growth (SSSG) % |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Credit Rating
1d - ICRA reaffirmed [ICRA]A- (Stable)/[ICRA]A2+ rating for ₹511 crore working capital facilities.
-
Closure of Trading Window
27 Jun - Trading window closed from July 1, 2026 until 48 hours after Q1 FY27 results.
-
Announcement Under Regulation 30 Of SEBI LODR Regulations
23 Jun - Visakhapatnam GST order confirms Rs. 2.92 crore tax demand and Rs. 2.92 crore penalty; company will appeal.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
22 May - Submitted Secretarial Compliance Report for FY ended March 31, 2026; no non-compliances observed.
-
Announcement under Regulation 30 (LODR)-Change in Management
22 May - Board re-appointed M/s. P.A. Naidu & Associates as internal auditor for FY 2026-27.
Concalls
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Jun 2025Transcript PPT REC
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Mar 2025Transcript PPT REC
Business Overview:[1][2]
Manoj Vaibhav Gems ‘N’ Jewellers Ltd is a prominent regional jewellery retail chain operating in Andhra Pradesh and Telangana under the brand name '' Vaibhav Jewellers''. The company focuses on affordable, daily-wear, and wedding jewellery, with strong positioning in Tier II and Tier III cities.