P N Gadgil Jewellers Ltd
Established in 1832, P. N. Gadgil & Sons
Ltd is in the retail business of gold, silver,
and diamond jewellery[1]
- Market Cap ₹ 7,440 Cr.
- Current Price ₹ 548
- High / Low ₹ 848 / 474
- Stock P/E 34.6
- Book Value ₹ 116
- Dividend Yield 0.00 %
- ROCE 19.2 %
- ROE 20.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 42.7% 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
- Working capital days have increased from 48.2 days to 71.0 days
* 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
Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery
Part of BSE SmallCap BSE IPO BSE Allcap BSE Consumer Discretionary Nifty Microcap 250
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|
2,303 | 2,325 | 2,348 | 1,802 | 2,448 | 4,378 | 6,032 | 7,631 | |
2,218 | 2,252 | 2,246 | 1,742 | 2,351 | 4,254 | 5,765 | 7,296 | |
Operating Profit | 85 | 72 | 102 | 59 | 97 | 124 | 267 | 334 |
OPM % | 4% | 3% | 4% | 3% | 4% | 3% | 4% | 4% |
11 | 23 | 10 | 18 | 9 | 7 | 7 | 30 | |
Interest | 42 | 39 | 35 | 33 | 32 | 32 | 44 | 42 |
Depreciation | 20 | 18 | 23 | 24 | 19 | 19 | 21 | 33 |
Profit before tax | 34 | 38 | 53 | 21 | 56 | 80 | 208 | 290 |
Tax % | 36% | 35% | 43% | 64% | 28% | 31% | 26% | 26% |
22 | 25 | 30 | 7 | 40 | 55 | 154 | 215 | |
EPS in Rs | 3.95 | 4.51 | 5.47 | 1.36 | 7.25 | 10.02 | 13.07 | 15.83 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 27% |
3 Years: | 46% |
TTM: | 27% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 43% |
3 Years: | 75% |
TTM: | 39% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 22% |
Last Year: | 20% |
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 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 55 | 55 | 55 | 55 | 118 | 118 | 118 | 136 |
Reserves | 96 | 121 | 179 | 187 | 227 | 282 | 434 | 1,433 |
409 | 374 | 341 | 294 | 270 | 262 | 426 | 903 | |
256 | 450 | 573 | 511 | 501 | 397 | 470 | 651 | |
Total Liabilities | 816 | 1,000 | 1,149 | 1,047 | 1,116 | 1,059 | 1,448 | 3,122 |
129 | 115 | 153 | 173 | 143 | 139 | 199 | 280 | |
CWIP | 3 | 3 | 18 | 14 | 38 | 38 | 4 | 4 |
Investments | 47 | 66 | 57 | 57 | 57 | 46 | 46 | 54 |
636 | 815 | 921 | 803 | 878 | 836 | 1,199 | 2,785 | |
Total Assets | 816 | 1,000 | 1,149 | 1,047 | 1,116 | 1,059 | 1,448 | 3,122 |
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 | |
---|---|---|---|---|---|---|---|---|
29 | 58 | 113 | 29 | 106 | -3 | -689 | ||
-26 | -0 | -30 | -18 | -59 | -39 | -417 | ||
-17 | -77 | -88 | -6 | -47 | 52 | 1,172 | ||
Net Cash Flow | -13 | -19 | -5 | 5 | 1 | 10 | 66 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 13 | 7 | 5 | 7 | 6 | 5 | 3 | 3 |
Inventory Days | 80 | 97 | 124 | 138 | 109 | 52 | 62 | 105 |
Days Payable | 22 | 14 | 17 | 18 | 25 | 11 | 10 | 13 |
Cash Conversion Cycle | 72 | 90 | 112 | 126 | 90 | 45 | 55 | 94 |
Working Capital Days | 49 | 43 | 51 | 57 | 54 | 34 | 40 | 71 |
ROCE % | 14% | 17% | 10% | 15% | 18% | 31% | 19% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
17 May - Newspaper Publication of the Audited Financial Results for the quarter and year ended March 31, 2025
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 May - Audio recording link of Q4 FY25 financial results conference call shared.
-
Intimation For Appointment Of Secretarial Auditor And Internal Auditor
15 May - Appointed M/s. A S Desai & Associates as Secretarial Auditor (5 years) and Mr. Swapnil Botkar as Internal Auditor (FY 2025-26).
-
Announcement under Regulation 30 (LODR)-Investor Presentation
15 May - Investor Presentation for the quarter ended March 31, 2025
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
15 May - P N Gadgil Jewellers reports 25.9% revenue growth to ₹76,935 Mn, EBITDA +33.2%, PAT +40.7% in FY25.
Annual reports
No data available.
Concalls
-
May 2025TranscriptNotesPPT REC
-
Feb 2025Transcript PPT REC
-
Nov 2024TranscriptPPT
Business Overview:[1][2]
PNGSL 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 have introduced Temple Motifs, Contemporary Jewellery designs, Light Weight, Daily Wear and Designer Collections, etc. Currently, it is present in 3 States, 23 Cities with 50 Showrooms