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 ₹ 8,112 Cr.
- Current Price ₹ 598
- High / Low ₹ 848 / 474
- Stock P/E 37.8
- 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.
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)-Change in Management
4h - PN Gadgil Jewellers appoints 3 Whole-time Directors and 1 Independent Director, effective Aug 19, 2025.
-
Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
5h - PN Gadgil Jewellers plans to raise up to ₹10,000 million via equity or securities issuance.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On July 03, 2025
5h - Board approved director designations, new independent director, and ₹10,000 million fund raise plan.
-
Board Meeting Intimation for Board Meeting To Be Held On July 03, 2025
27 Jun - Board meeting on July 3 to consider equity fund raising via public issue, preferential allotment, or QIP.
- Closure of Trading Window 25 Jun
Annual reports
No data available.
Concalls
-
May 2025Transcript PPT 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