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 ₹ 7,444 Cr.
- Current Price ₹ 548
- High / Low ₹ 848 / 474
- Stock P/E 34.1
- Book Value ₹ 115
- Dividend Yield 0.00 %
- ROCE 19.4 %
- ROE 20.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 52.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.6%
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 48.6 days to 70.9 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
2,458 | 1,901 | 2,539 | 4,488 | 6,060 | 7,693 | |
2,355 | 1,846 | 2,428 | 4,366 | 5,791 | 7,358 | |
Operating Profit | 103 | 55 | 111 | 123 | 269 | 336 |
OPM % | 4% | 3% | 4% | 3% | 4% | 4% |
17 | 15 | 31 | 52 | 8 | 35 | |
Interest | 43 | 37 | 35 | 35 | 46 | 43 |
Depreciation | 27 | 27 | 22 | 22 | 23 | 35 |
Profit before tax | 50 | 6 | 85 | 118 | 208 | 293 |
Tax % | 46% | 218% | 18% | 21% | 26% | 26% |
27 | -7 | 70 | 94 | 154 | 218 | |
EPS in Rs | 4.88 | -1.32 | 10.43 | 13.46 | 13.08 | 16.08 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 45% |
TTM: | 27% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 52% |
3 Years: | 56% |
TTM: | 41% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 26% |
Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Equity Capital | 55 | 55 | 55 | 55 | 118 | 136 |
Reserves | 132 | 135 | 191 | 256 | 416 | 1,418 |
443 | 361 | 398 | 387 | 455 | 930 | |
563 | 469 | 465 | 365 | 475 | 660 | |
Total Liabilities | 1,192 | 1,020 | 1,110 | 1,063 | 1,465 | 3,144 |
184 | 199 | 234 | 208 | 242 | 322 | |
CWIP | 56 | 46 | 4 | 4 | 4 | 4 |
Investments | 1 | 1 | 1 | 1 | 1 | 9 |
951 | 774 | 872 | 850 | 1,218 | 2,811 | |
Total Assets | 1,192 | 1,020 | 1,110 | 1,063 | 1,465 | 3,144 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
68 | 146 | 73 | 107 | 6 | -675 | |
3 | -26 | -22 | -47 | -49 | -424 | |
-93 | -127 | -46 | -55 | 51 | 1,167 | |
Net Cash Flow | -22 | -7 | 5 | 5 | 9 | 68 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Debtor Days | 9 | 6 | 4 | 3 | 2 | 2 |
Inventory Days | 126 | 133 | 111 | 53 | 63 | 106 |
Days Payable | 18 | 15 | 27 | 12 | 10 | 13 |
Cash Conversion Cycle | 117 | 124 | 89 | 44 | 55 | 95 |
Working Capital Days | 40 | 47 | 49 | 35 | 40 | 71 |
ROCE % | 8% | 21% | 23% | 30% | 19% |
Documents
Announcements
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
23 May - Annual Secretarial Compliance Report for FY ended March 31, 2025; no major violations reported.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
21 May - Transcript of conference call held on May 16, 2025
-
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).
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