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Manoj Vaibhav Gems Overview

Manoj Vaibhav Gems 'N' Jewellers Ltd is a prominent jewelry company known for its exquisite craftsmanship and exceptional gemstone expertise. Founded by Manoj Vaibhav, this renowned brand has been a beacon of luxury and sophistication for over two decades. Specializing in high-quality gemstone jewelry, they offer a wide range of products, including rings, necklaces, earrings, and more, meticulously designed to captivate and inspire. Their commitment to quality and innovation is evident in each unique piece, combining traditional craftsmanship w...Read More

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Manoj Vaibhav Gems Key Financials

Market Cap ₹847 Cr.

Stock P/E 8.4

P/B 1.1

Current Price ₹173.4

Book Value ₹ 164.9

Face Value 10

52W High ₹280.8

Dividend Yield 0%

52W Low ₹ 128.5

Manoj Vaibhav Gems Share Price

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Volume
Price

Manoj Vaibhav Gems Quarterly Price

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Manoj Vaibhav Gems Peer Comparison

Manoj Vaibhav Gems Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 619 475 546 539 642 498 705 549 756 685
Other Income 1 5 5 4 4 4 2 2 2 1
Total Income 620 480 551 543 646 501 707 550 758 686
Total Expenditure 577 441 510 502 598 460 659 512 700 630
Operating Profit 43 39 41 41 48 41 48 39 57 56
Interest 11 11 11 10 10 10 10 9 9 8
Depreciation 2 2 2 2 2 2 2 2 3 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -1
Profit Before Tax 30 25 28 29 36 29 36 28 45 44
Provision for Tax 8 6 7 7 9 4 9 7 13 9
Profit After Tax 22 19 21 22 27 25 27 21 32 35
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 22 19 21 22 27 25 27 21 32 35
Adjusted Earnings Per Share 4.5 3.9 4.2 4.5 5.5 5.2 5.5 4.2 6.5 7.1

Manoj Vaibhav Gems Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 915 1231 1044 1320 1247 1279 1434 1694 2027 2150 2384 2695
Other Income 1 1 4 5 6 5 10 4 4 11 13 7
Total Income 916 1232 1047 1326 1253 1284 1443 1698 2031 2161 2397 2701
Total Expenditure 871 1179 990 1256 1164 1199 1352 1586 1880 1995 2215 2501
Operating Profit 45 53 57 70 90 85 91 112 151 166 183 200
Interest 25 30 30 35 35 41 43 45 47 49 45 36
Depreciation 3 4 5 7 7 7 9 9 9 8 8 9
Exceptional Income / Expenses 0 0 0 0 0 0 -11 0 0 0 0 -1
Profit Before Tax 18 19 22 28 48 37 28 58 96 109 130 153
Provision for Tax 6 7 9 10 17 10 7 15 24 28 29 38
Profit After Tax 13 12 14 18 31 27 21 44 72 81 100 115
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 13 12 14 18 31 27 21 44 72 81 100 115
Adjusted Earnings Per Share 3.2 3.2 3.5 4.7 7.9 6.9 5.3 11.2 18.3 16.6 20.6 23.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 11% 12% 13% 10%
Operating Profit CAGR 10% 18% 17% 15%
PAT CAGR 23% 31% 30% 23%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -20% NA% NA% NA%
ROE Average 15% 18% 16% 15%
ROCE Average 17% 17% 15% 14%

Manoj Vaibhav Gems Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 109 121 135 153 184 211 229 273 345 618 719
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 27 29 33 41 45 45 114 104 107 39 12
Other Non-Current Liabilities 4 5 5 3 4 4 25 24 23 22 28
Total Current Liabilities 219 247 343 414 451 515 434 497 601 717 738
Total Liabilities 359 402 516 611 684 775 802 897 1075 1396 1497
Fixed Assets 48 47 44 48 60 54 73 68 63 58 69
Other Non-Current Assets 14 19 30 30 36 43 31 27 24 28 25
Total Current Assets 297 335 441 533 588 678 698 802 987 1309 1404
Total Assets 359 402 516 611 684 775 802 897 1075 1396 1497

Manoj Vaibhav Gems Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 6 3 5 6 17 27 18 22 6 13 41
Cash Flow from Operating Activities -5 36 2 -36 18 28 -12 9 69 60 -67
Cash Flow from Investing Activities -11 -12 -32 3 -8 -6 11 1 -4 -126 127
Cash Flow from Financing Activities 13 -22 31 44 1 -31 4 -26 -59 94 -76
Net Cash Inflow / Outflow -3 2 1 11 11 -9 4 -15 7 28 -15
Closing Cash & Cash Equivalent 3 5 6 17 27 18 22 6 13 41 25

Manoj Vaibhav Gems Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.22 3.2 3.5 4.66 7.86 6.87 5.31 11.18 18.32 16.57 20.56
CEPS(Rs) 3.88 4.28 4.72 6.33 9.69 8.69 7.56 13.4 20.51 18.29 22.26
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 27.84 31.04 34.53 39.19 47.05 53.92 58.59 69.82 88.17 126.47 147.15
Core EBITDA Margin(%) 4.84 4.24 5.11 4.87 6.71 6.26 5.66 6.38 7.25 7.19 7.09
EBIT Margin(%) 4.68 3.98 4.99 4.77 6.61 6.05 4.93 6.09 7.02 7.33 7.31
Pre Tax Margin(%) 1.99 1.58 2.14 2.16 3.84 2.86 1.94 3.45 4.73 5.06 5.44
PAT Margin (%) 1.38 1.01 1.31 1.38 2.46 2.1 1.45 2.58 3.53 3.76 4.21
Cash Profit Margin (%) 1.65 1.36 1.77 1.87 3.03 2.66 2.06 3.09 3.95 4.16 4.56
ROA(%) 3.8 3.28 2.98 3.23 4.74 3.68 2.63 5.14 7.26 6.55 6.94
ROE(%) 12.25 10.86 10.66 12.65 18.22 13.62 9.43 17.41 23.19 16.82 15.03
ROCE(%) 13.93 14.33 13.09 12.85 14.55 12.63 10.7 14.31 18.31 17.25 16.52
Receivable days 4.91 1.68 1.71 1.01 3.56 4.18 3.5 4.29 4 4.33 4.3
Inventory Days 99.13 88.08 124 122.05 146.46 163.87 162.22 151.73 153.1 171 183.56
Payable days 2.09 5.84 16.04 15.51 18.22 26.5 22.85 18.11 13.11 13.44 21.11
PER(x) 0 0 0 0 0 0 0 0 0 15.2 9.62
Price/Book(x) 0 0 0 0 0 0 0 0 0 1.99 1.34
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.25 0.19 0.27 0.27 0.3 0.32 0.31 0.28 0.24 0.68 0.55
EV/Core EBITDA(x) 5.02 4.29 4.98 5.09 4.25 4.79 4.94 4.28 3.19 8.79 7.15
Net Sales Growth(%) 14.75 34.51 -15.23 26.54 -5.53 2.54 12.07 18.16 19.68 6.03 10.9
EBIT Growth(%) 13.4 14.45 6.27 20.99 30.75 -6.05 -8.63 45.93 37.95 13.06 10.57
PAT Growth(%) 13.07 -0.86 9.38 33.35 68.57 -12.51 -22.81 110.63 63.91 13.03 24.09
EPS Growth(%) 13.07 -0.86 9.38 33.35 68.57 -12.51 -22.81 110.63 63.91 -9.57 24.09
Debt/Equity(x) 2.05 1.9 2.29 2.51 2.24 1.99 2.02 1.75 1.34 0.65 0.51
Current Ratio(x) 1.36 1.36 1.29 1.29 1.3 1.32 1.61 1.62 1.64 1.83 1.9
Quick Ratio(x) 0.07 0.1 0.13 0.11 0.16 0.09 0.13 0.07 0.09 0.32 0.12
Interest Cover(x) 1.74 1.66 1.75 1.82 2.39 1.9 1.65 2.3 3.06 3.22 3.91
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0.33 0.38

Manoj Vaibhav Gems Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 74.27 74.27 74.27 74.27 74.27 74.27 74.27 74.27 74.27 74.27
FII 8.64 8.04 7.96 2.86 1.75 0.69 0.78 0.6 0.6 0.6
DII 1.66 1.23 1.23 1.16 1.16 1.11 1.11 1.11 1.11 1.11
Public 15.42 16.45 16.54 21.71 22.82 23.93 23.85 24.02 24.02 24.02
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Manoj Vaibhav Gems News

Manoj Vaibhav Gems Pros & Cons

Pros

  • Company has delivered good profit growth of 29% CAGR over last 5 years
  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Debtor days have increased from 13.44 to 21.11days.
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