Pushpa Jewellers Ltd
Incorporated in 2009, Pushpa Jewellers Ltd is in the business as a wholesale gold jewellery manufacturer.[1]
- Market Cap ₹ 315 Cr.
- Current Price ₹ 130
- High / Low ₹ 149 / 81.2
- Stock P/E 13.2
- 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Gems, Jewellery And Watches
Part of Nifty SME Emerge
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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Extracted by Screener AI
Documents
Announcements
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
14 April 2026 - Pushpa Jewellers says corporate governance Regulation 27 is not applicable as it is listed on NSE SME Exchange.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 April 2026 - Regulation 74(5) depository certificate submitted for quarter ended 31 March 2026.
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Copy of Newspaper Publication
11 April 2026 - Pushpa Jewellers Ltd announces an EGM on 6 May 2026 with remote e-voting details.
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Corrigendum
10 April 2026 - Pushpa Jewellers EGM on May 6, 2026 to approve 20 lakh warrants, capital hike, and 100 crore borrowing limit.
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Shareholders meeting
10 April 2026 - EGM on May 6, 2026 to approve ₹20.4 crore warrants, capital hike, and ₹100 crore borrowing limits.
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.