P. N. Gadgil Jewellers Ltd.

NSE: PNGJL · Gems, Jewellery And Watches

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52W Range₹503 – ₹736

Snapshot

Unlock P. N. Gadgil Jewellers Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

P. N. Gadgil Jewellers Limited is a prominent Indian jewellery retailer specialising in the manufacture and sale of gold, diamond, platinum, and silver jewellery. The company serves customers through an extensive network of retail stores, its own e-commerce platform, and various online marketplaces.

Business Model

The company operates on a retail-led model, generating revenue through the sale of diverse jewellery collections and bullion products. It integrates manufacturing capabilities with a multi-channel distribution strategy to reach consumers in India and international markets.

  • Founded:1832

Growth Outlook

Growth is expected to be driven by the expansion of the retail store footprint and the strengthening of digital sales channels. The company continues to leverage its long-standing brand heritage to capture market share in the organised jewellery sector.

Key Risks

  • Gold Price Volatility. Significant fluctuations in the price of gold and other precious metals can adversely impact profit margins and consumer demand.
  • Regulatory Compliance. The jewellery industry is subject to stringent government regulations regarding hallmarking and import duties, which may affect operational costs.
  • Intense Competition. The company faces stiff competition from both large organised retail chains and numerous unorganised local players in the Indian market.
  • Inventory Management. Maintaining optimal inventory levels across multiple retail locations involves significant working capital requirements and risks related to stock obsolescence.

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Key Metrics

REVENUE

₹11,926 Cr

TTM · consolidated

+50.7%YoY

NET PROFIT

₹488 Cr

TTM · consolidated

+64.4%YoY

EPS

₹35.69

TTM · consolidated

+63.3%YoY

RETURN ON EQUITY

21.4%

TTM · consolidated

+4.0 ppYoY

RETURN ON CAPITAL EMPLOYED

31.9%

TTM · consolidated

+6.9 ppYoY

P/E

16.1×

Q2 FY27 · consolidated

16.1 vs 23.8x5Y avg

EV/EBITDA

12.2x

Q2 FY27 · consolidated

12.2 vs 17.2x5Y avg

EBITDA MARGIN

7.2%

TTM · consolidated

+0.8 ppYoY

NET PROFIT MARGIN

4.5%

Q2 FY27 · consolidated

+0.9 ppYoY

DEBT TO EQUITY

0.7x

Q2 FY27 · consolidated

+0.01xYoY

Peers · Gems, Jewellery And Watches

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
P. N. Gadgil Jewellers Ltd.PNGJL
₹8,474 Cr16.1×12.1550.7%7.2%21.4%31.9%-11.1%
Bluestone Jewellery & Lifestyle Ltd.BLUESTONE
₹10,135 Cr199.2×21.80—18.4%3.0%9.6%-6.3%
Ethos LimitedETHOSLTD
₹6,892 Cr65.5×24.3730.4%16.0%8.6%11.3%-11.3%
Timex Group India LimitedTIMEX
₹6,462 Cr76.2×49.6941.8%15.3%87.9%81.5%+67.9%
Senco GoldSENCO
₹4,898 Cr8.6×5.9841.9%11.1%25.5%38.9%-7.9%
KDDL LimitedKDDL
₹4,592 Cr47.3×11.6132.5%16.8%15.1%12.8%+49.2%

As of Q2 FY27

Financials