Pushpa Jewellers Ltd

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

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.

  • 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

Sep 2024 Mar 2025 Sep 2025
144 137 170
131 118 154
Operating Profit 14 18 16
OPM % 9% 13% 9%
0 0 1
Interest 1 1 2
Depreciation 0 0 0
Profit before tax 13 17 15
Tax % 0% 44% 25%
13 10 11
EPS in Rs 6.66 5.17 4.55
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Sep 2025
72.29%
2.36%
1.92%
23.43%
No. of Shareholders 1,989

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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