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 ₹ 925 Cr.
- Current Price ₹ 189
- High / Low ₹ 249 / 128
- Stock P/E 7.85
- Book Value ₹ 184
- Dividend Yield 0.00 %
- ROCE 15.8 %
- ROE 15.1 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.03 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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 1,276 | 1,431 | 1,689 | 2,025 | 2,148 | 2,382 | 2,743 | 2,944 | |
| Sales growth | +12% | +18% | +20% | +6% | +11% | +15% | +17% | |
| 1,193 | 1,350 | 1,584 | 1,881 | 1,997 | 2,217 | 2,555 | 2,755 | |
| Operating Profit | 83 | 81 | 106 | 144 | 151 | 166 | 188 | 189 |
| OPM % | 7% | 6% | 6% | 7% | 7% | 7% | 7% | 6% |
| 5 | -2 | 4 | 4 | 11 | 13 | 13 | 26 | |
| Interest | 46 | 43 | 42 | 44 | 45 | 41 | 37 | 39 |
| Depreciation | 9 | 9 | 9 | 9 | 8 | 8 | 10 | 10 |
| Profit before tax | 33 | 28 | 58 | 96 | 109 | 130 | 154 | 166 |
| Tax % | 27% | 25% | 25% | 25% | 26% | 23% | 25% | |
| 24 | 21 | 44 | 72 | 81 | 100 | 115 | 126 | |
| EPS in Rs | 6.24 | 5.30 | 11.17 | 18.32 | 16.57 | 20.56 | 23.54 | 25.77 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 11% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 18% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -17% |
| 1 Year: | -5% |
| 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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 39 | 49 | 49 | 49 | 49 |
| Reserves | 198 | 219 | 263 | 305 | 569 | 670 | 785 | 848 |
| 467 | 489 | 503 | 485 | 429 | 400 | 491 | 590 | |
| 143 | 85 | 124 | 248 | 352 | 380 | 540 | 650 | |
| Total Liabilities | 819 | 803 | 900 | 1,078 | 1,399 | 1,498 | 1,865 | 2,137 |
| 121 | 93 | 87 | 83 | 78 | 88 | 82 | 118 | |
| CWIP | 17 | 7 | 3 | 1 | 1 | 0 | 1 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 681 | 704 | 809 | 994 | 1,321 | 1,410 | 1,781 | 2,011 | |
| Total Assets | 819 | 803 | 900 | 1,078 | 1,399 | 1,498 | 1,865 | 2,137 |
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 61% | -2% | 22% | 66% | 58% | -20% | 31% |
Ratios
| 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 | Aug 2022 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Total Number of Showrooms count |
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| Number of Employees count |
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| Total Square Feet of Showrooms sq.ft. |
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| Average Bill Value INR |
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| Gold Volume Sold kg |
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| Old Gold Exchange as % of Sales % |
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| Same Store Sales Growth (SSSG) % |
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Extracted by Screener AI
Documents
Announcements
- Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026
-
Board Meeting Outcome for Outcome Of Board Meeting.
- Q2 FY27 results approved; H1 revenue ₹1,504.6 crore, profit ₹63.27 crore; RPT limit raised to ₹274 crore.
-
Board Meeting Intimation for Board Meeting Intimation For Approval Of Unaudited Financial Results.
- Board meeting on November 13, 2026 to approve Q2 and half-year unaudited results; trading window closed till November 15.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
-
Closure of Trading Window
- Trading window closed from October 1, 2026 until 48 hours after Q2 and half-year results.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
Concalls
-
Jun 2025Transcript PPT REC
-
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.