Manoj Vaibhav Gems N Jewellers Limited

NSE: MVGJL · Gems, Jewellery And Watches

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52W Range₹129 – ₹249

Snapshot

Unlock Manoj Vaibhav Gems N Jewellers Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Manoj Vaibhav Gems 'N' Jewellers Limited is a retail jewellery chain operating primarily in the states of Andhra Pradesh and Telangana. The company offers a diverse range of gold, diamond, and silver jewellery, alongside precious metal coins and silverware.

Business Model

The company operates through a retail store network and an online portal, generating revenue from the sale of jewellery and precious metal articles. Its business model relies on regional brand presence and a wide product assortment catering to traditional and contemporary consumer preferences.

  • Incorporation Year:1989

Growth Outlook

Growth is driven by the expansion of its retail footprint within its core regional markets and the enhancement of its digital sales channels. The company continues to leverage its established brand identity in Andhra Pradesh and Telangana to capture market share.

Key Risks

  • Gold Price Volatility. Fluctuations in the price of gold and other 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.
  • Regulatory Compliance. The jewellery sector is subject to stringent government regulations regarding hallmarking, taxation, and anti-money laundering policies.
  • Competitive Intensity. The company faces intense competition from both large national jewellery chains and unorganised local players.

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Key Metrics

REVENUE

₹2,909 Cr

TTM · standalone

+21.5%YoY

NET PROFIT

₹122 Cr

TTM · standalone

+22.9%YoY

EPS

₹24.96

TTM · standalone

+22.8%YoY

RETURN ON EQUITY

15.7%

TTM · standalone

+1.9 ppYoY

RETURN ON CAPITAL EMPLOYED

24.5%

TTM · standalone

+2.6 ppYoY

P/E

8.3×

Q1 FY27 · standalone

8.3 vs 10.0x5Y avg

EV/EBITDA

6.9x

Q1 FY27 · standalone

6.9 vs 7.9x5Y avg

EBITDA MARGIN

7.1%

TTM · standalone

-0.3 ppYoY

NET PROFIT MARGIN

3.9%

Q1 FY27 · standalone

+0.1 ppYoY

DEBT TO EQUITY

0.6x

Q1 FY27 · standalone

+0.04xYoY

Peers · Gems, Jewellery And Watches

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Manoj Vaibhav Gems N Jewellers LimitedMVGJL
₹1,081 Cr8.3×6.8921.5%7.1%15.7%24.5%+8.8%
Advit Jewels LimitedRAMBHAJO
₹1,311 Cr———30.0%———
Asian Star Co.ASTAR
₹1,135 Cr32.6×19.94-3.8%2.7%2.1%3.9%-10.2%
Laxmi Goldorna House LimitedLGHL
₹885 Cr274.3×62.5712.4%14.0%2.8%10.8%-75.7%
Radhika JeweltecRADHIKAJWE
₹849 Cr10.2×8.1216.7%16.0%22.0%29.6%-23.6%
SJ CorpSJCORP
₹824 Cr——115.1%1.6%1.6%1.3%—

As of Q1 FY27

Financials