Pushpa Jewellers Ltd
₹ 124
-2.74%
09 Apr
1:52 p.m.
About
Incorporated in 2009, Pushpa Jewellers Ltd is in the business as a wholesale gold jewellery manufacturer.[1]
Key Points
- Market Cap ₹ 301 Cr.
- Current Price ₹ 124
- High / Low ₹ 149 / 81.2
- Stock P/E 12.6
- Book Value ₹ 57.6
- Dividend Yield 0.00 %
- ROCE 50.4 %
- ROE 47.3 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 46.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 49 | 108 | 166 | 255 | 281 | 308 | |
| 46 | 99 | 153 | 235 | 249 | 273 | |
| Operating Profit | 3 | 9 | 13 | 20 | 32 | 34 |
| OPM % | 6% | 8% | 8% | 8% | 11% | 11% |
| 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 0 | 0 | 1 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 2 | 9 | 12 | 18 | 30 | 32 |
| Tax % | 28% | 29% | 32% | 25% | 25% | |
| 2 | 6 | 8 | 14 | 22 | 24 | |
| EPS in Rs | 76.03 | 265.03 | 349.66 | 583.33 | 11.82 | 11.39 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 38% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 53% |
| TTM: | 64% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 46% |
| Last Year: | 47% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.23 | 0.23 | 0.23 | 0.23 | 19 | 24 |
| Reserves | 8 | 14 | 22 | 36 | 39 | 115 |
| 2 | 4 | 15 | 8 | 22 | 17 | |
| 1 | 4 | 6 | 7 | 11 | 4 | |
| Total Liabilities | 12 | 22 | 43 | 51 | 91 | 161 |
| 1 | 1 | 10 | 11 | 16 | 26 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 | 20 | 33 | 41 | 75 | 135 | |
| Total Assets | 12 | 22 | 43 | 51 | 91 | 161 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 1 | -0 | 0 | 9 | 0 | |
| -1 | -0 | -11 | 0 | -10 | |
| 1 | 0 | 10 | -7 | 12 | |
| Net Cash Flow | 1 | 0 | -0 | 2 | 2 |
| Free Cash Flow | -0 | -0 | -9 | 8 | -6 |
| CFO/OP | 46% | 14% | 19% | 72% | 23% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 5 | 11 | 13 | 7 | 26 |
| Inventory Days | 72 | 57 | 60 | 45 | 54 |
| Days Payable | 2 | 1 | 4 | 2 | 3 |
| Cash Conversion Cycle | 76 | 68 | 69 | 50 | 77 |
| Working Capital Days | 68 | 46 | 35 | 41 | 59 |
| ROCE % | 63% | 45% | 48% | 50% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Average Receivables Holding Period Days |
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| Number of Branches/Showrooms Count |
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| Proportion of BIS Hallmarked Gold Products % |
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| Revenue Concentration - Southern States % |
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| Number of Exhibitions Participated Count |
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| Number of Employees Count |
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Documents
Announcements
-
Issue of Securities
8 April 2026 - Board approved ₹20.4 crore preferential warrants, raised authorised capital, and set EGM for May 6, 2026.
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Increase in Authorised Capital
8 April 2026 - Board approved ₹20.4 crore preferential warrants, raised authorised capital to ₹27 crore; EGM on May 6, 2026.
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Outcome of Board Meeting
8 April 2026 - Board approved 20 lakh warrants at ₹102 each, raising up to ₹20.4 crore; EGM on May 6, 2026.
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Price movement
2 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
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Resignation of Independent director
27 March 2026 - PUSHPA JEWELLERS LIMITED has informed about Resignation of Independent director.
Concalls
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Feb 2026TranscriptAI SummaryPPT
Business Overview:[1][2]
PJL is a wholesale B2B jewellery manufacturer operating across India. It produces and sells a wide range of traditional and modern gold jewellery—such as necklaces, bracelets, earrings, and rings—using materials like emerald, jade, pearl, and Meena. The company sells in bulk to retailers, wholesalers, and other businesses, not directly to individual consumers.