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PN Gadgil Jewellers Overview

PN Gadgil Jewellers Limited is a renowned Indian jewelry brand with roots dating back to 1832. Headquartered in Pune, Maharashtra, the company has built a strong reputation for its finely crafted, high-quality gold, diamond, and silver jewelry. With a legacy spanning nearly two centuries, PN Gadgil has become a trusted name in the industry, celebrated for its traditional Maharashtrian jewelry designs as well as contemporary collections that appeal to modern tastes. The brand's offerings include a wide range of jewelry, from wedding and festiv...Read More

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PN Gadgil Jewellers Key Financials

Market Cap ₹9038 Cr.

Stock P/E 41.4

P/B 4.8

Current Price ₹666

Book Value ₹ 137.9

Face Value 10

52W High ₹700

Dividend Yield 0%

52W Low ₹ 498.2

PN Gadgil Jewellers Share Price

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Volume
Price

PN Gadgil Jewellers Quarterly Price

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PN Gadgil Jewellers Peer Comparison

PN Gadgil Jewellers 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 1372 1972 1512 1668 2001 2436 1588 1715 2178 3303
Other Income 2 2 2 2 12 7 15 13 36 27
Total Income 1374 1975 1514 1670 2013 2443 1603 1727 2213 3330
Total Expenditure 1326 1880 1423 1604 1947 2313 1494 1605 2070 3058
Operating Profit 47 95 91 66 66 130 109 123 143 272
Interest 11 11 12 12 13 6 11 19 20 25
Depreciation 6 6 5 6 7 8 13 11 14 15
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -3
Profit Before Tax 30 77 73 48 46 115 85 93 109 228
Provision for Tax 8 20 18 12 11 29 23 23 30 57
Profit After Tax 22 58 55 35 35 86 62 69 79 171
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 22 58 55 35 35 86 62 69 79 171
Adjusted Earnings Per Share 1.9 4.9 4.7 3 2.6 6.3 4.6 5.1 5.8 12.6

PN Gadgil Jewellers Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1930 2556 4508 6112 7693 8784
Other Income 19 31 52 7 35 91
Total Income 1949 2586 4559 6119 7729 8873
Total Expenditure 1877 2443 4383 5839 7356 8227
Operating Profit 72 144 176 280 372 647
Interest 39 37 36 47 44 75
Depreciation 27 22 22 23 35 53
Exceptional Income / Expenses 0 0 0 0 0 -3
Profit Before Tax 7 85 118 209 293 515
Provision for Tax 13 16 24 54 75 133
Profit After Tax -7 70 94 155 218 381
Adjustments 8 -12 -19 0 0 0
Profit After Adjustments 1 58 74 155 218 381
Adjusted Earnings Per Share 0.2 10.4 13.5 13.1 16.1 28.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 26% 44% 0% 0%
Operating Profit CAGR 33% 37% 0% 0%
PAT CAGR 41% 46% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 26% NA% NA% NA%
ROE Average 21% 30% 24% 24%
ROCE Average 20% 26% 21% 21%

PN Gadgil Jewellers Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 253 309 374 534 1554
Minority's Interest -39 -27 -8 0 0
Borrowings 47 76 94 92 8
Other Non-Current Liabilities 34 43 44 58 98
Total Current Liabilities 730 726 600 840 1614
Total Liabilities 1025 1127 1104 1524 3274
Fixed Assets 242 234 208 242 322
Other Non-Current Assets 11 11 15 16 154
Total Current Assets 773 883 880 1267 2798
Total Assets 1025 1127 1104 1524 3274

PN Gadgil Jewellers Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 14 7 12 18 26
Cash Flow from Operating Activities 147 73 105 6 -675
Cash Flow from Investing Activities -26 -22 -45 -49 -424
Cash Flow from Financing Activities -128 -46 -55 51 1167
Net Cash Inflow / Outflow -7 5 5 9 68
Closing Cash & Cash Equivalent 7 12 18 26 94

PN Gadgil Jewellers Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.19 10.44 13.46 13.15 16.08
CEPS(Rs) 3.62 16.54 20.88 15.11 18.65
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 34.47 44.64 56.29 45.29 114.51
Core EBITDA Margin(%) 2.75 4.42 2.76 4.47 4.38
EBIT Margin(%) 2.35 4.76 3.43 4.2 4.39
Pre Tax Margin(%) 0.34 3.33 2.62 3.43 3.81
PAT Margin (%) -0.35 2.72 2.08 2.54 2.84
Cash Profit Margin (%) 1.04 3.57 2.56 2.92 3.29
ROA(%) -0.65 6.46 8.4 11.81 9.1
ROE(%) -3.53 31.84 33.64 36.71 20.9
ROCE(%) 8.23 21.07 24.5 32.36 20.4
Receivable days 6.35 4.46 2.77 2.31 2.08
Inventory Days 120.69 95.82 52.65 46.45 70.68
Payable days 15.45 19.28 13.27 9.15 10.56
PER(x) 0 0 0 0 31.47
Price/Book(x) 0 0 0 0 4.42
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.2 0.14 0.08 0.07 0.93
EV/Core EBITDA(x) 5.47 2.56 2 1.55 19.24
Net Sales Growth(%) 0 32.41 76.38 35.6 25.87
EBIT Growth(%) 0 168.23 26.89 66.35 31.34
PAT Growth(%) 0 1135.99 34.79 65.58 40.68
EPS Growth(%) 0 5360.65 28.96 -2.3 22.33
Debt/Equity(x) 1.18 0.95 0.76 0.74 0.53
Current Ratio(x) 1.06 1.22 1.47 1.51 1.73
Quick Ratio(x) 0.18 0.25 0.47 0.37 0.48
Interest Cover(x) 1.17 3.32 4.25 5.41 7.61
Total Debt/Mcap(x) 0 0 0 0 0.12

PN Gadgil Jewellers Shareholding Pattern

# Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 83.11 83.11 83.11 83.11 83.11 83.11 83.11
FII 3.8 1.94 0.65 0.64 0.91 0.75 0.72
DII 5.8 5.35 5.48 5.34 4.99 4.8 4.71
Public 7.3 9.6 10.76 10.91 10.98 11.34 11.45
Others 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100

PN Gadgil Jewellers News

PN Gadgil Jewellers Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 30%
  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Debtor days have increased from 9.15 to 10.56days.
  • Stock is trading at 4.8 times its book value.
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