Palm Jewels

BSE: PALMJEWELS · Trading & Distributors

52W Range₹14 ₹27

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Snapshot

Unlock Palm Jewels's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Palm Jewels Limited is an India-based company engaged in the wholesale and retail trade of gold jewellery and ornaments. The company focuses on a diverse product portfolio, including bangles, chains, rings, and necklaces, primarily serving the regional market in Gujarat.

Business Model

The company operates an asset-light business model by outsourcing the manufacturing of jewellery to third-party job workers based on specific designs. It then distributes these finished gold products through its established network to various customer segments.

Growth Outlook

Growth is expected to be driven by the company's focus on maintaining its regional market presence in Gujarat and catering to evolving consumer preferences for both traditional and contemporary gold designs.

Key Risks

  • Gold Price Volatility. Fluctuations in the global price of gold can significantly impact the company's profit margins and inventory valuation.
  • Regulatory Risk. Changes in government policies, import duties, or taxation on precious metals could adversely affect the jewellery trading sector.
  • Dependency on Third-Party Manufacturers. The reliance on external job workers for manufacturing creates risks related to quality control, production delays, and supply chain disruptions.
  • Geographic Concentration. The company's heavy reliance on the Gujarat market makes it vulnerable to regional economic downturns or localized competition.

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Key Metrics

REVENUE

₹185 Cr

TTM · standalone

+16.2%YoY

NET PROFIT

₹0.99 Cr

TTM · standalone

+3.1%YoY

EPS

₹0.99

TTM · standalone

+3.1%YoY

RETURN ON EQUITY

6.3%

TTM · standalone

+0.0 ppYoY

P/E

15.6x

Q4 FY26 · standalone

15.6 vs 30.5x5Y avg

EV/EBITDA

10.8x

Q4 FY26 · standalone

10.8 vs -11.5x5Y avg

EBITDA MARGIN

0.9%

TTM · standalone

+0.0 ppYoY

NET PROFIT MARGIN

0.3%

Q4 FY26 · standalone

+0.1 ppYoY

DEBT TO EQUITY

0.2x

Q4 FY26 · standalone

-0.08xYoY

Peers · Trading & Distributors

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Palm JewelsPALMJEWELS
₹15 Cr15.1710.8516.2%0.9%6.3%7.9%-41.3%
Veritas (India)VERITAS
₹445 Cr8.637.06-24.1%3.9%1.9%2.7%-55.4%
Kothari ProductsKOTHARIPRO
₹407 Cr179.58-12.12-18.3%-5.1%-0.2%-2.3%-9.8%
Rotographics (India) LimitedRGIL
₹404 Cr94.62326.544987.7%3.0%12.6%17.2%
Polo Queen Industrial and Fintech LimitedPQIF
₹333 Cr141.7164.71-5.7%7.0%1.3%2.5%-79.1%
Constronics Infra Ltd.CONSTRONIC
₹61 Cr5.5%-24.7%

As of Q4 FY26

Financials