Manoj Jewellers

BSE: MANOJJEWEL · Gems, Jewellery And Watches

52W Range₹26 ₹60

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Snapshot

Unlock Manoj Jewellers's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Manoj Vaibhav Gems 'N' Jewellers Limited is a regional jewelry retailer based in South India, specialising in gold, diamond, precious stone, and silver ornaments. The company focuses on traditional designs and wedding-related jewelry, operating through a hub-and-spoke retail model across Andhra Pradesh and Telangana.

Business Model

The company generates revenue through the retail sale of jewelry products, utilising a hub-and-spoke model that connects a flagship showroom in Visakhapatnam with regional stores in Tier 2 and Tier 3 cities.

  • Operational Model:Hub-and-spoke
  • Primary Market:Andhra Pradesh and Telangana

Growth Outlook

Growth is driven by the company's established brand presence in South India and a strategic focus on the wedding jewelry segment. Continued expansion into Tier 2 and Tier 3 cities remains a key pillar for scaling operations.

  • Listing Year:2023

Key Risks

  • Gold Price Volatility. Fluctuations in the price of gold and precious metals can significantly impact profit margins and consumer demand.
  • Geographic Concentration. The company's heavy reliance on the Andhra Pradesh and Telangana markets exposes it to regional economic and regulatory risks.
  • Inventory Management. Maintaining high-value inventory across multiple retail locations involves significant working capital requirements and security risks.
  • Competitive Intensity. The jewelry retail sector in India is highly fragmented and competitive, with increasing pressure from both organised national players and unorganised local jewelers.

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Peers · Gems, Jewellery And Watches

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Manoj JewellersMANOJJEWEL
₹51 Cr12.0%-44.6%
Maxgrow IndiaMAXGROW
₹632 Cr2.0%+1200.7%
RBZ Jewellers LimitedRBZJEWEL
₹585 Cr10.307.4530.3%14.3%20.8%30.5%+6.5%
PNGS Gargi Fashion Jewellery LimitedGARGI
₹576 Cr27.0%-37.2%
Uday Jewellery Industries LimitedUDAYJEW
₹464 Cr17.7813.64128.5%7.0%25.1%33.4%-18.8%
Manbro Industries LimitedMANBRO
₹346 Cr35.93345.70270.3%2.3%2.3%-89.7%

As of Mar 2026

Financials