Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,372 | 1,972 | 1,512 | 1,668 | 2,001 | 2,436 | 1,588 | 1,715 | 2,178 | 3,303 | 3,544 | 2,413 |
| Expenses | 1,326 | 1,880 | 1,423 | 1,604 | 1,947 | 2,313 | 1,494 | 1,605 | 2,070 | 3,058 | 3,409 | 2,231 |
| Operating Profit | 45 | 92 | 89 | 64 | 54 | 123 | 94 | 110 | 107 | 244 | 135 | 182 |
| OPM % | 3.3% | 4.7% | 6% | 3.9% | 2.7% | 5% | 6% | 6% | 4.9% | 7% | 3.8% | 8% |
| Other Income | 2 | 2 | 2 | 2 | 12 | 7 | 15 | 13 | 36 | 24 | 31 | 10 |
| Interest | 11 | 11 | 12 | 12 | 13 | 6 | 11 | 19 | 20 | 25 | 28 | 34 |
| Depreciation | 6 | 6 | 5 | 6 | 7 | 8 | 13 | 11 | 14 | 15 | 17 | 18 |
| Profit before tax | 30 | 77 | 73 | 48 | 46 | 115 | 85 | 93 | 109 | 228 | 122 | 141 |
| Tax % | 28% | 26% | 25% | 26% | 24% | 25% | 27% | 25% | 27% | 25% | 26% | 25% |
| Net Profit | 22 | 58 | 55 | 35 | 35 | 86 | 62 | 69 | 79 | 171 | 90 | 105 |
| EPS in Rs | 3.98 | 10.43 | 4.66 | 2.99 | 2.57 | 6.34 | 4.57 | 5.11 | 5.84 | 12.59 | 6.65 | 7.76 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,458 | 1,902 | 2,539 | 4,488 | 6,061 | 7,586 | 10,472 | 11,438 |
| Expenses | 2,355 | 1,844 | 2,428 | 4,366 | 5,790 | 7,243 | 9,855 | 10,769 |
| Operating Profit | 103 | 57 | 111 | 123 | 271 | 343 | 617 | 669 |
| OPM % | 4.2% | 3.0% | 4.4% | 2.7% | 4.5% | 4.5% | 6% | 6% |
| Other Income | 17 | 14 | 31 | 52 | 7 | 28 | 84 | 101 |
| Interest | 43 | 38 | 35 | 35 | 46 | 43 | 92 | 107 |
| Depreciation | 27 | 27 | 22 | 22 | 23 | 35 | 57 | 64 |
| Profit before tax | 50 | 7 | 85 | 118 | 209 | 293 | 552 | 600 |
| Tax % | 46% | 201% | 18% | 21% | 26% | 26% | 26% | |
| Net Profit | 27 | -7 | 70 | 94 | 155 | 218 | 410 | 446 |
| EPS in Rs | 4.88 | 0.19 | 10.43 | 13.46 | 13.15 | 16.08 | 30.20 | 32.84 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 41% | 33% | 48% | ||
| Compounded Profit Growth | % | 273% | 77% | 78% | ||
| Stock Price CAGR | % | % | % | -3% | ||
| Return on Equity | % | 25% | 24% | 23% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 55 | 55 | 55 | 55 | 118 | 136 | 136 |
| Reserves | 132 | 135 | 191 | 256 | 416 | 1,418 | 1,827 |
| Borrowings | 443 | 402 | 398 | 387 | 455 | 930 | 1,737 |
| Other Liabilities | 563 | 422 | 465 | 365 | 475 | 660 | 1,264 |
| Total Liabilities | 1,192 | 1,014 | 1,110 | 1,063 | 1,465 | 3,144 | 4,964 |
| Fixed Assets | 184 | 242 | 234 | 208 | 242 | 322 | 410 |
| CWIP | 56 | 4 | 4 | 4 | 4 | 4 | 0 |
| Investments | 1 | 1 | 1 | 1 | 1 | 9 | 8 |
| Other Assets | 951 | 768 | 872 | 850 | 1,218 | 2,811 | 4,546 |
| Total Assets | 1,192 | 1,014 | 1,110 | 1,063 | 1,465 | 3,144 | 4,964 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 68 | 147 | 73 | 107 | 6 | -675 | -717 |
| Cash from Investing Activity | 3 | -26 | -22 | -47 | -49 | -424 | -54 |
| Cash from Financing Activity | -93 | -128 | -46 | -55 | 51 | 1,167 | 719 |
| Net Cash Flow | -22 | -7 | 5 | 5 | 9 | 68 | -52 |
| Free Cash Flow | 52 | 114 | 68 | 60 | -46 | -728 | -782 |
| CFO/OP | 80% | 244% | 74% | 117% | 16% | -173% | -95% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 9 | 6 | 4 | 3 | 2 | 2 | 2 |
| Inventory Days | 126 | 133 | 111 | 53 | 62 | ||
| Days Payable | 18 | 15 | 27 | 12 | 10 | ||
| Cash Conversion Cycle | 117 | 124 | 89 | 44 | 55 | 2 | 2 |
| Working Capital Days | -3 | 4 | 16 | 20 | 21 | 32 | 35 |
| ROCE % | 8% | 21% | 23% | 30% | 19% | 21% |
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Aug 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Promoters | 83.11% | 83.11% | 83.11% | 83.11% | 83.11% | 83.11% | 83.11% | 83.11% | 76.62% |
| FIIs | 3.80% | 1.93% | 0.65% | 0.64% | 0.91% | 0.75% | 0.73% | 0.48% | 4.73% |
| DIIs | 5.80% | 5.34% | 5.49% | 5.34% | 4.99% | 4.80% | 4.72% | 4.76% | 7.88% |
| Public | 7.29% | 9.60% | 10.75% | 10.92% | 10.98% | 11.33% | 11.45% | 11.64% | 10.78% |
| No. of Shareholders | 1,68,356 | 1,88,567 | 2,01,809 | 1,93,383 | 1,83,826 | 1,70,297 | 1,64,589 | 1,53,617 | 1,51,408 |
Fundamentals
Market Cap₹ 8,612 Cr.
Current Price₹ 585
Stock P/E19.2
Book Value₹ 145
ROCE21.0 %
ROE23.5 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)48%
Compounded Profit Growth (TTM)78%
Consolidated figures.
Valuation
Market capRs 8,566 Cr
Enterprise valueRs 8,901 Cr
P/E (TTM)19.22x
Price to book27.57x
Price to sales0.75x
EV / EBITDA11.56x
EV / EBIT12.60x
EV / sales0.78x
Price to cash flow79.96x
Earnings yield5.20%
Profitability
Operating margin (excl. other income)2.73%
Operating margin (incl. other income)3.89%
EBITDA margin6.73%
Pre-tax margin5.24%
Net profit margin3.90%
Net margin, latest quarter4.37%
ROE26.67%
ROCE22.79%
ROA6.84%
ROE, 3-year average17.87%
ROCE, 3-year average16.50%
ROA, 3-year average4.12%
ROIC (approx.)86.91%
Tax rate20.65%
Other income / net worth16.67%
Growth
Sales growth (latest year)76.77%
Profit growth (latest year)28.98%
Sales CAGR, 3 years22.23%
Profit CAGR, 3 years40.23%
Sales growth QoQ-31.92%
Profit growth QoQ16.71%
Sales growth YoY (latest quarter)40.73%
Profit growth YoY (latest quarter)51.92%
Per share
EPS (TTM)Rs 30.29
EPS (latest year)Rs 13.46
EPS (latest quarter)Rs 7.16
EPS, 3-year averageRs 8.03
Book value per shareRs 21.11
Sales per shareRs 776.99
Cash flow per shareRs 7.28
Free cash flow per shareRs -53.12
Efficiency
Asset turnover4.22x
Fixed asset turnover21.54x
Inventory turnover6.97x
Inventory days52 days
Debtor days3 days
Debtors turnover113.63x
Creditor days10 days
Cash conversion cycle2 days
Working capital days35 days
Leverage
Total debtRs 387 Cr
Cash and bankRs 53 Cr
Net debtRs 334 Cr
Debt to equity1.25x
Net debt / EBITDA0.43x
Interest coverage6.63x
Current ratio (filing 2026-03-31)1.53x
Quick ratio (filing 2026-03-31)0.25x
Trade payables (filing 2026-03-31)Rs 576 Cr
Owners' fund to total sources29.24%
Debt to assets36.42%
Cash flow
Cash from Operating Activity (latest year)Rs 107 Cr
Cash from Investing Activity (latest year)Rs -47 Cr
Cash from Financing Activity (latest year)Rs -55 Cr
Net Cash Flow (latest year)Rs 5 Cr
Free cash flow (latest year)Rs -782 Cr
FCFE (approx.: FCF + change in debt)Rs -793 Cr
Cash from ops / profit, 5 years-1.27x
Sales to cash flow41.90x
Statement figures
Net sales (TTM)Rs 11,438 Cr
Net sales (latest year)Rs 4,488 Cr
Sales (latest quarter)Rs 2,413 Cr
Operating profit excl. other income (latest year)Rs 123 Cr
Operating profit (latest quarter)Rs 182 Cr
Other income (TTM)Rs 101 Cr
EBITDA (TTM)Rs 770 Cr
PBDT (TTM)Rs 663 Cr
Profit before tax (TTM)Rs 600 Cr
Tax (latest year)Rs 24 Cr
Net profit (TTM)Rs 446 Cr
Net profit (latest year)Rs 74 Cr
Net profit (latest quarter)Rs 105 Cr
Depreciation (TTM)Rs 64 Cr
Depreciation (latest quarter)Rs 18 Cr
Interest (TTM)Rs 107 Cr
Cost of goods sold (latest year)Rs 4,161 Cr
Total expenditure (latest year)Rs 4,366 Cr
Total income (latest year)Rs 4,540 Cr
Share capitalRs 55 Cr
ReservesRs 256 Cr
Shareholders' fundsRs 311 Cr
Total assetsRs 1,063 Cr
Net blockRs 208 Cr
Capital work in progressRs 4 Cr
InvestmentsRs 1 Cr
ReceivablesRs 40 Cr
InventoryRs 597 Cr
Other liabilitiesRs 365 Cr
Shares outstanding (crore)14.72
Ownership
Promoter holding76.62% (-6.49 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 27.57 is at the 4th percentile (median 36.05).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | PNGJL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.6% | -2.8% | +1.2 pts |
| 1 month | -0.8% | -6.8% | +6.0 pts |
| 3 months | +2.2% | -7.6% | +9.8 pts |
| 6 months | +9.6% | +0.4% | +9.2 pts |
| 1 year | -3.5% | -9.9% | +6.5 pts |
| 2 years | -27.7% | -13.6% | -14.1 pts |
13 mutual fund schemes hold about ₹343 Cr.
Over three months 7 bought more and 3 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Bandhan Small Cap Fund | 0.48% | 163 | -9% |
| Mahindra Manulife Multi Cap Fund | 0.76% | 58 | -4% |
| Axis Momentum Fund | 4.51% | 41 | +116% |
| Mahindra Manulife Small Cap Fund | 0.73% | 40 | -30% |
| Motilal Oswal Small Cap Fund | 0.21% | 17 | -71% |
| Edelweiss Business Cycle Fund | 0.80% | 12 | +100% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 0.21% | 5 | +49% |
| ITI ELSS Tax Saver Fund | 1.13% | 5 | +4% |
| Groww Nifty Total Market Index Fund | 0.01% | 0 | +63% |
| Angel One Nifty Total Market Index Fund | 0.01% | 0 | +63% |
| Mirae Asset Nifty Total Market Index Fund | 0.01% | 0 | +63% |
| Bandhan Nifty Total Market Index Fund | 0.01% | 0 | +100% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | -2% |
Red flags
F-score 6 of 8| look | Profit leans on other income Other income was 44% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹2,413 Cr +40.7% vs Jun 2025.
Net profit ₹105 Cr +52.2%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Titan Company Ltd | 415,040 | 71.1 | 20.5 % |
| Kalyan Jewellers India Ltd | 58,748 | 40.2 | 21.2 % |
| Lalithaa Jewellery Mart Ltd | 20,989 | 22.0 | 38.0 % |
| Thangamayil Jewellery Ltd | 16,177 | 41.2 | 25.5 % |
| PC Jeweller Ltd | 12,976 | 16.7 | 9.60 % |
| Sky Gold & Diamonds Ltd | 12,713 | 38.0 | 27.0 % |
| Bluestone Jewellery & Lifestyle Ltd | 12,315 | 219 | 6.78 % |
| Timex Group India Ltd | 7,360 | 82.5 | 82.8 % |
| Ethos Ltd | 6,662 | 63.1 | 10.4 % |
| Senco Gold Ltd | 5,363 | 9.40 | 21.2 % |
| Goldiam International Ltd | 4,861 | 23.0 | 25.8 % |
| KDDL Ltd | 4,836 | 49.3 | 11.7 % |
| Tribhovandas Bhimji Zaveri Ltd | 4,184 | 19.6 | 21.9 % |
| D.P. Abhushan Ltd | 3,796 | 15.8 | 39.6 % |
| Vaibhav Global Ltd | 3,393 | 11.9 | 16.4 % |
No bulk or block deals on record.
No corporate actions on record.
| Date | Type | What it says |
|---|---|---|
| 2026-10-01 | Acquisition | Acquisition |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of P N Gadgil Jewellers Ltd?
P N Gadgil Jewellers Ltd (PNGJL) has a market capitalisation of Rs 8,612 Cr. at the 2026-10-01 close.
What is the P/E ratio of P N Gadgil Jewellers Ltd?
P N Gadgil Jewellers Ltd trades at a P/E of 19.2 on trailing twelve-month profit, at the 2026-10-01 close.
What were P N Gadgil Jewellers Ltd's latest quarterly results?
In the Jun 2026 quarter, P N Gadgil Jewellers Ltd sales was Rs 2,413 Cr (+40.7% vs Jun 2025) and net profit was Rs 105 Cr.
What is the 52-week high and low of P N Gadgil Jewellers Ltd?
The 52-week high is Rs 736.40 and the 52-week low is Rs 503.00.