P N Gadgil Jewellers Ltd
Established in 1832, P. N. Gadgil & Sons
Ltd is in the retail business of gold, silver,
and diamond jewellery[1]
- Market Cap ₹ 7,927 Cr.
- Current Price ₹ 584
- High / Low ₹ 848 / 474
- Stock P/E 36.8
- Book Value ₹ 116
- Dividend Yield 0.00 %
- ROCE 19.2 %
- ROE 20.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 42.8% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
2,303 | 2,325 | 2,348 | 1,802 | 2,448 | 4,378 | 5,982 | 7,523 | |
2,218 | 2,252 | 2,246 | 1,742 | 2,351 | 4,254 | 5,713 | 7,188 | |
Operating Profit | 85 | 72 | 102 | 59 | 97 | 124 | 268 | 335 |
OPM % | 4% | 3% | 4% | 3% | 4% | 3% | 4% | 4% |
11 | 23 | 10 | 18 | 9 | 7 | 6 | 29 | |
Interest | 42 | 39 | 35 | 33 | 32 | 32 | 44 | 42 |
Depreciation | 20 | 18 | 23 | 24 | 19 | 19 | 21 | 33 |
Profit before tax | 34 | 38 | 53 | 21 | 56 | 80 | 208 | 290 |
Tax % | 36% | 35% | 43% | 64% | 28% | 31% | 26% | 26% |
22 | 25 | 30 | 7 | 40 | 55 | 154 | 215 | |
EPS in Rs | 3.95 | 4.51 | 5.47 | 1.36 | 7.25 | 10.02 | 13.07 | 15.83 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 45% |
TTM: | 26% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 43% |
3 Years: | 75% |
TTM: | 40% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 22% |
Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 55 | 55 | 55 | 55 | 118 | 118 | 118 | 136 |
Reserves | 96 | 121 | 179 | 187 | 227 | 282 | 434 | 1,433 |
409 | 374 | 341 | 294 | 270 | 262 | 426 | 903 | |
256 | 450 | 573 | 511 | 501 | 397 | 470 | 651 | |
Total Liabilities | 816 | 1,000 | 1,149 | 1,047 | 1,116 | 1,059 | 1,448 | 3,122 |
129 | 115 | 153 | 173 | 143 | 139 | 199 | 280 | |
CWIP | 3 | 3 | 18 | 14 | 38 | 38 | 4 | 4 |
Investments | 47 | 66 | 57 | 57 | 57 | 46 | 46 | 54 |
636 | 815 | 921 | 803 | 878 | 836 | 1,199 | 2,785 | |
Total Assets | 816 | 1,000 | 1,149 | 1,047 | 1,116 | 1,059 | 1,448 | 3,122 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
29 | 58 | 113 | 29 | 106 | -3 | -689 | ||
-26 | -0 | -30 | -18 | -59 | -39 | -417 | ||
-17 | -77 | -88 | -6 | -47 | 52 | 1,172 | ||
Net Cash Flow | -13 | -19 | -5 | 5 | 1 | 10 | 66 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 13 | 7 | 5 | 7 | 6 | 5 | 3 | 3 |
Inventory Days | 80 | 97 | 124 | 138 | 109 | 52 | 61 | 104 |
Days Payable | 22 | 14 | 17 | 18 | 25 | 11 | 10 | 13 |
Cash Conversion Cycle | 72 | 90 | 112 | 126 | 90 | 45 | 54 | 94 |
Working Capital Days | 49 | 43 | 15 | 18 | 24 | 20 | 22 | 32 |
ROCE % | 14% | 17% | 10% | 15% | 18% | 31% | 19% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Jul - Newspaper Publication for the Notice of 12th Annual General Meeting and Remote E-Voting Information
-
Notice Of 12Th Annual General Meeting
24 Jul - AGM on Aug 18, 2025: Approvals for ₹4,000 Cr borrowing limit, QIP up to ₹1,000 Cr, director appointments, and remuneration revisions.
-
Reg. 34 (1) Annual Report.
24 Jul - P N Gadgil Jewellers FY25 Annual Report: ₹76,935 mn revenue, 53 stores, 26% growth, IPO oversubscribed 59.41x.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Jul - Newspaper Publication for the 12th Annual General Meeting through Video Conferencing / Other Audio Visual Means ("VC/OAVM") facility.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended June 30, 2025
Annual reports
Concalls
-
May 2025Transcript PPT REC
-
Feb 2025Transcript PPT REC
-
Nov 2024TranscriptPPT
Business Overview:[1][2]
PNGSL is one of the oldest Jewellers in Maharashtra. It is a part of the PNG group which is an established player in the gold, silver and diamond jewellery business, with a significant presence in Pune, Mumbai and other parts of Maharashtra. Company provides new jewellery trends in Maharashtra and have introduced Temple Motifs, Contemporary Jewellery designs, Light Weight, Daily Wear and Designer Collections, etc. Currently, it is present in 3 States, 23 Cities with 50 Showrooms