Pushpa Jewellers Ltd
₹ 90.9
1.79%
05 Mar
3:29 p.m.
About
Incorporated in 2009, Pushpa Jewellers Ltd is in the business as a wholesale gold jewellery manufacturer.[1]
Key Points
- Market Cap ₹ 220 Cr.
- Current Price ₹ 90.9
- High / Low ₹ 149 / 85.6
- Stock P/E 9.20
- 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 |
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
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Investor Presentation
25 February 2026 - Investor presentation filed under Regulation 30, dated 25 Feb 2026.
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Monitoring Agency Report
9 February 2026 - Monitoring agency report for quarter ended Dec 31, 2025; IPO proceeds Rs.98.65 Crore; no deviations.
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Reply to Clarification- Financial results
4 February 2026 - Clarifies Nov 5, 2025 NEAPS filings; monitoring agency exemption; IPO proceeds Rs98.65 crore; MA report Nov 11, 2025.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
15 January 2026 - 15 Jan 2026: Pushpa Jewellers states corporate governance rules not applicable—listed on NSE SME Exchange.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 January 2026 - Certificate under Reg.74(5) for quarter ended 31-Dec-2025 received from RTA Cameo.
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.