Manoj Vaibhav Gems N Jewellers Ltd

₹ 147 -2.19%

10 Jun 2:03 p.m.

vaibhavjewellers.com BSE: 543995 NSE: MVGJL

About

Incorporated in 2003, Manoj Vaibhav Gems
‘N’ Jewellers Ltd is in the retail business of Jewellery^[1]

Key Points

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.

Website BSE NSE

Market Cap ₹ 721 Cr.
Current Price ₹ 147
High / Low ₹ 266 / 128
Stock P/E 6.22
Book Value ₹ 171
Dividend Yield 0.00 %
ROCE 15.6 %
ROE 15.0 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.87 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

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	516	509	619	475	546	539	642	498	705	549	756	685	754
	484	472	577	441	510	502	598	460	659	512	700	630	716
Operating Profit	32	37	42	34	37	37	44	38	46	37	55	54	38
OPM %	6%	7%	7%	7%	7%	7%	7%	8%	6%	7%	7%	8%	5%
	1	1	1	5	5	4	4	4	2	2	2	0	10
Interest	11	11	11	11	11	10	10	10	10	9	9	8	9
Depreciation	2	2	2	2	2	2	2	2	2	2	3	2	2
Profit before tax	20	26	30	25	28	29	36	29	36	28	45	44	37
Tax %	24%	26%	26%	24%	27%	25%	25%	12%	26%	26%	30%	21%	25%
	15	19	22	19	21	22	27	25	27	21	32	34	28
EPS in Rs	3.81	4.92	4.54	3.88	4.21	4.46	5.46	5.17	5.47	4.22	6.50	7.06	5.76
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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:	-40%

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 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Average Bill Value
INR

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Average Revenue per Store
INR Million

Gold Volume Sold
kg

Total Number of Showrooms
Number

Total Showroom Area
Sq. Ft.

Old Gold Exchange (% of Sales)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	74.28%	74.28%	74.28%	74.28%	74.28%	74.28%	74.28%	74.28%	74.28%	74.28%	74.28%
	8.77%	8.64%	8.04%	7.96%	2.86%	1.75%	0.69%	0.77%	0.60%	0.60%	0.60%
	2.60%	1.66%	1.23%	1.23%	1.16%	1.16%	1.11%	1.11%	1.11%	1.11%	1.11%
	14.36%	15.42%	16.46%	16.54%	21.71%	22.83%	23.93%	23.86%	24.02%	24.02%	24.01%
No. of Shareholders	65,717	25,734	25,007	23,394	30,815	31,355	32,208	30,871	31,469	30,067	29,022

	Mar 2024	Mar 2025	Mar 2026
	74.28%	74.28%	74.28%
	8.04%	0.69%	0.60%
	1.23%	1.11%	1.11%
	16.46%	23.93%	24.01%
No. of Shareholders	25,007	32,208	29,022

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Manoj Vaibhav Gems N Jewellers Ltd

Manoj Vaibhav Gems N Jewellers Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings

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