Pushpa Jewellers Ltd
₹ 117
-1.43%
26 Nov
10:09 a.m.
About
Incorporated in 2009, Pushpa Jewellers Ltd is in the business as a wholesale gold jewellery manufacturer.[1]
Key Points
- Market Cap ₹ 283 Cr.
- Current Price ₹ 117
- High / Low ₹ 149 / 106
- Stock P/E 13.6
- 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
- Promoter holding has decreased over last quarter: -27.7%
* 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 | 307 | |
| 46 | 99 | 153 | 235 | 249 | 272 | |
| 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 | 21 | |
| EPS in Rs | 76.03 | 265.03 | 349.66 | 583.33 | 11.82 | 9.72 |
| 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: | % |
| 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 |
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% |
Documents
Announcements
-
Structural Digital Database
18 November 2025 - SDD compliance certificate for quarter ended 30 Sep 2025 submitted by Rahul Srivastava & Co.
-
Monitoring Agency Report
11 November 2025 - Monitoring agency report: Rs98.65 crore IPO proceeds; Rs67 crore transfers rectified; promoters' Rs2.31 crore pending.
-
Outcome of Board Meeting
5 November 2025 - Revised unaudited H1 FY2026 results (30 Sep 2025) filed; Board approved 05 Nov 2025; IPO proceeds Rs98.65 crore.
-
Outcome of Board Meeting
5 November 2025 - Board approved Q2/H1 unaudited results, ₹8.00 crore investments, RPT lease ₹45,000/month, IPO proceeds utilization OK.
-
Outcome of Board Meeting
5 November 2025 - Approved Q2/H1 unaudited results; invest surplus up to ₹8.00 crore; RPT lease ₹45,000/month; IPO proceeds monitored.
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.