P N Gadgil Jewellers Ltd

AI

P N Gadgil Jewellers Ltd

₹ 559 -4.31%
30 Oct - close price
About

Established in 1832, P. N. G Jewellers Ltd is in the retail business of gold, silver,
and diamond jewellery[1]

Key Points

Business Overview:[1][2]
PNG Jewellers is one of the oldest Jewellers
in Maharashtra. It is a part of the PNG group which is an established player in the gold,
silver and diamond jewellery business, with
a significant presence in Pune, Mumbai and
other parts of Maharashtra.
Company provides new jewellery trends
in Maharashtra and has introduced Temple Motifs, Contemporary Jewellery designs, Light Weight, Daily Wear and Designer Collections, etc.

  • Market Cap ₹ 8,222 Cr.
  • Current Price ₹ 559
  • High / Low ₹ 736 / 503
  • Stock P/E 17.2
  • Book Value ₹ 195
  • Dividend Yield 0.00 %
  • ROCE 20.7 %
  • ROE 22.8 %
  • Face Value ₹ 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 122% CAGR over last 5 years

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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
1,359 1,939 1,498 1,648 2,002 2,407 1,574 1,702 2,154 3,253 3,531 2,381 2,625
1,315 1,847 1,410 1,585 1,944 2,287 1,481 1,595 2,048 3,015 3,400 2,201 2,421
Operating Profit 44 92 88 63 57 120 94 108 107 238 131 179 204
OPM % 3.2% 4.7% 6% 3.8% 2.9% 5.0% 6% 6% 5.0% 7% 3.7% 8% 8%
2 1 2 2 5 8 15 13 36 24 31 10 17
Interest 10 11 12 12 13 6 11 19 19 25 27 34 41
Depreciation 6 5 5 6 7 8 12 11 13 15 16 17 20
Profit before tax 30 77 73 47 43 114 85 91 110 223 119 138 161
Tax % 28% 26% 25% 26% 25% 25% 27% 25% 27% 25% 27% 26% 26%
22 57 55 35 32 85 62 68 80 166 87 103 120
EPS in Rs 3.90 10.34 4.63 2.96 2.39 6.28 4.60 5.02 5.87 12.25 6.41 7.58 8.13
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
2,303 2,325 2,348 1,802 2,448 4,378 5,982 7,523 10,374 11,790
2,218 2,252 2,246 1,742 2,351 4,254 5,713 7,182 9,770 11,038
Operating Profit 85 72 102 59 97 124 268 341 604 752
OPM % 3.7% 3.1% 4.3% 3.3% 4.0% 2.8% 4.5% 4.5% 6% 6%
11 23 10 18 9 7 6 23 83 82
Interest 42 39 35 33 32 32 44 42 90 126
Depreciation 20 18 23 24 19 19 21 33 55 68
Profit before tax 34 38 53 21 56 80 208 290 543 641
Tax % 36% 35% 43% 64% 28% 31% 26% 26% 26%
22 25 30 7 40 55 154 215 401 476
EPS in Rs 3.95 4.51 5.47 1.36 7.25 10.02 13.07 15.83 29.55 34.37
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 42%
3 Years: 33%
TTM: 50%
Compounded Profit Growth
10 Years: %
5 Years: 122%
3 Years: 94%
TTM: 62%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -14%
Return on Equity
10 Years: %
5 Years: 22%
3 Years: 23%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 55 55 55 55 118 118 118 136 136 147
Reserves 96 121 179 187 227 282 434 1,433 1,836 2,723
409 374 341 294 270 262 426 903 1,705 2,107
256 450 573 511 501 397 470 651 1,248 1,440
Total Liabilities 816 1,000 1,149 1,047 1,116 1,059 1,448 3,122 4,925 6,418
129 115 153 173 143 139 199 280 371 388
CWIP 3 3 18 14 38 38 4 4 0 5
Investments 47 66 57 57 57 46 46 54 53 94
636 815 921 803 878 836 1,199 2,785 4,501 5,931
Total Assets 816 1,000 1,149 1,047 1,116 1,059 1,448 3,122 4,925 6,418

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
29 58 113 29 106 -3 -689 -635
-26 -0 -30 -18 -59 -39 -417 -53
-17 -77 -88 -6 -47 52 1,172 637
Net Cash Flow -13 -19 -5 5 1 10 66 -51
Free Cash Flow 4 43 79 29 106 -24 -735 -700
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 62% 71% 203% 39% 116% 13% -177% -83%

Ratios

Standalone / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 13 7 5 7 6 5 3 3 2
Inventory Days 80 97 124 138 109 52 61
Days Payable 22 14 17 18 25 11 10
Cash Conversion Cycle 72 90 112 126 90 45 54 3 2
Working Capital Days 49 43 15 18 24 20 22 32 35
ROCE % 14% 17% 10% 15% 18% 31% 19% 21%

Insights

In beta
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Same-Store Sales Growth (SSSG)
%

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Gold Volume Sold
tonnes
Number of Cities
Number
Studded Jewellery Mix (Stud Ratio)
%
Total Number of Stores
Number
Total Retail Area
sq ft
Non-Pune Market Revenue Share
%
Total SKUs
Number
Average Transaction Value (ATV)
INR '000

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
83.11% 83.11% 83.11% 83.11% 83.11% 83.11% 83.11% 83.11% 76.62%
3.80% 1.93% 0.65% 0.64% 0.91% 0.75% 0.73% 0.48% 3.83%
5.80% 5.34% 5.49% 5.34% 4.99% 4.80% 4.72% 4.76% 7.05%
7.29% 9.60% 10.75% 10.92% 10.98% 11.33% 11.45% 11.64% 12.51%
No. of Shareholders 1,68,3561,88,5672,01,8091,93,3831,83,8261,70,2971,64,5891,53,6171,54,829

* 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.

Click on the line-items to see the names of individual entities.

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