MarketFriction

Pushpa Jewellers Ltd

NSE PUSHPA · Gems, Jewellery And Watches
₹116.00 -5.77%
NSE close2026-10-01
52 week range81.15 - 148.75
Market cap₹288 Cr.
P/E10.7
IPO 2025 · -21% since Price band 20% Delivery 19.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2024Mar 2025Sep 2025Mar 2026
Sales144137171247
Expenses131118155225
Operating Profit14181622
OPM %9%13%9%9%
Other Income001-1
Interest1121
Depreciation0001
Profit before tax13171520
Tax %25%25%25%27%
Net Profit9131115
EPS in Rs4.986.844.556.13
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales49108166255281418
Expenses4699153235249380
Operating Profit3913203238
OPM %6%8%8%8%11%9%
Other Income00000-0
Interest001122
Depreciation000111
Profit before tax2912183035
Tax %28%29%32%25%25%26%
Net Profit268142226
EPS in Rs76.03265.03349.66583.3311.8210.69
Dividend Payout %0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%53%36%49%
Compounded Profit Growth%72%49%20%
Stock Price CAGR%%%-11%
Return on Equity%36%34%25%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.230.230.230.231924
Reserves814223639130
Borrowings241582218
Other Liabilities1467115
Total Liabilities1222435191178
Fixed Assets1110111626
CWIP000000
Investments000000
Other Assets1020334175151
Total Assets1222435191178
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1-0090-51
Cash from Investing Activity-1-0-110-10-10
Cash from Financing Activity1010-71265
Net Cash Flow10-0223
Free Cash Flow-0-0-98-6-63
CFO/OP46%14%19%72%23%-88%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days5111372631
Inventory Days725760455491
Days Payable214231
Cash Conversion Cycle7668695077120
Working Capital Days6846354159117
ROCE %63%45%48%50%30%
Sep 2025Dec 2025Mar 2026Jun 2026
Promoters72.29%72.29%72.56%72.67%
FIIs2.36%1.51%1.51%1.17%
DIIs1.92%1.61%1.70%1.91%
Public23.43%24.58%24.23%24.25%
No. of Shareholders1,9891,9281,7901,704

Fundamentals

Market Cap₹ 288 Cr.
Current Price₹ 119
Stock P/E10.7
Book Value₹ 63.8
ROCE30.4 %
ROE25.2 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)49%
Compounded Profit Growth (TTM)20%
Standalone figures.
Valuation
Market capRs 281 Cr
Enterprise valueRs 284 Cr
P/E (TTM)45.54x
Price to book19.58x
Price to sales2.61x
EV / EBITDA31.12x
EV / EBIT31.57x
EV / sales2.64x
Earnings yield2.20%
Profitability
Operating margin (excl. other income)8.48%
Operating margin (incl. other income)8.49%
EBITDA margin8.49%
Pre-tax margin8.13%
Net profit margin5.73%
ROE54.70%
ROCE63.18%
ROA37.01%
ROIC (approx.)35.65%
Tax rate29.49%
Other income / net worth0.07%
Growth
Sales growth (latest year)118.98%
Profit growth (latest year)248.59%
Per share
EPS (TTM)Rs 2.55
EPS (latest year)Rs 265.09
Book value per shareRs 5.92
Sales per shareRs 44.44
Cash flow per shareRs -0.05
Free cash flow per shareRs -26.01
Efficiency
Asset turnover4.94x
Fixed asset turnover80.34x
Inventory turnover6.43x
Inventory days57 days
Debtor days11 days
Debtors turnover32.33x
Creditor days1 days
Cash conversion cycle120 days
Working capital days117 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 0 Cr
Net debtRs 3 Cr
Debt to equity0.25x
Net debt / EBITDA0.38x
Interest coverage34.65x
Owners' fund to total sources65.86%
Debt to assets16.75%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -63 Cr
FCFE (approx.: FCF + change in debt)Rs -62 Cr
Cash from ops / profit, 5 years-0.55x
Statement figures
Net sales (TTM)Rs 108 Cr
Net sales (latest year)Rs 108 Cr
Operating profit excl. other income (latest year)Rs 9 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 9 Cr
PBDT (TTM)Rs 9 Cr
Profit before tax (TTM)Rs 9 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 6 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 96 Cr
Total expenditure (latest year)Rs 99 Cr
Total income (latest year)Rs 108 Cr
Share capitalRs 0 Cr
ReservesRs 14 Cr
Shareholders' fundsRs 14 Cr
Total assetsRs 22 Cr
Net blockRs 1 Cr
ReceivablesRs 3 Cr
InventoryRs 15 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)2.42
Ownership
Promoter holding72.67%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodPUSHPANifty 50Difference
1 week+9.1%-2.8% +11.9 pts
1 month+2.3%-6.8% +9.1 pts
3 months+19.0%-7.6% +26.6 pts
6 months+32.0%+0.4% +31.6 pts
1 year-14.7%-9.9% -4.8 pts

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was 8% of net profit over the last 2 years
explainHigh accruals Profit exceeded operating cash by 29% of total assets 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

No quarterly results published.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
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.
Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded

Quick answers

What is the market cap of Pushpa Jewellers Ltd?

Pushpa Jewellers Ltd (PUSHPA) has a market capitalisation of Rs 288 Cr. at the 2026-10-01 close.

What is the P/E ratio of Pushpa Jewellers Ltd?

Pushpa Jewellers Ltd trades at a P/E of 10.7 on trailing twelve-month profit, at the 2026-10-01 close.

What is the 52-week high and low of Pushpa Jewellers Ltd?

The 52-week high is Rs 148.75 and the 52-week low is Rs 81.15.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03