Pushpa Jewellers Ltd
₹ 122
-1.05%
06 Apr
2:11 p.m.
About
Incorporated in 2009, Pushpa Jewellers Ltd is in the business as a wholesale gold jewellery manufacturer.[1]
Key Points
- Market Cap ₹ 296 Cr.
- Current Price ₹ 122
- High / Low ₹ 149 / 81.2
- Stock P/E 12.4
- 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
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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.
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Resignation
27 March 2026 - Pranay Agarwal resigned as Independent Director effective March 27, 2026, citing personal reasons; left all committee roles.
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Trading Window
24 March 2026 - Trading window closed Apr 1, 2026; reopens 48 hours after audited results for year ended Mar 31, 2026.
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Updates
12 March 2026 - Valorem Advisors resigned as Investor Relations Professional, effective 11.03.2026.
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.