Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹281 Cr.
Stock P/E
12.6
P/B
1.8
Current Price
₹116
Book Value
₹ 64.2
Face Value
10
52W High
₹148.8
52W Low
₹ 81.2
Dividend Yield
—

Pushpa Jewellers Overview

Business

Pushpa Jewellers Ltd. operates in the Diamond & Jewellery sector in India. Its core business likely involves the manufacturing, retailing, and/or wholesaling of a range of jewellery products, including those made with diamonds, gold, silver, and other precious stones. The company's business model would typically involve sourcing raw materials (precious metals, diamonds, gemstones), designing and crafting jewellery, and then selling these finished products to end-consumers through its own retail showrooms or to other businesses via wholesale channels. Revenue is generated from the sale of these jewellery items, with margins typically derived from design, brand value, and craftsmanship over and above the raw material costs.

Revenue Mix

Specific key segments and their revenue contributions for Pushpa Jewellers Ltd. are not available. However, for a company in this industry, potential segments could include:

Gold Jewellery: Often the largest segment in India due to cultural significance.

Diamond Jewellery: Growing segment driven by modern preferences.

Silver & Other Jewellery: Includes items made from silver or other precious/semi-precious materials.

Retail Operations: Sales directly to consumers through owned stores.

Wholesale/B2B: Sales to other retailers or distributors (if applicable).

Without further data, the precise mix is unknown.

Industry

The Indian Diamond & Jewellery industry is one of the largest globally, characterized by a mix of highly organized national chains and a vast number of unorganized, local jewelers. The market is driven by cultural factors (weddings, festivals), investment demand, and fashion trends. Pushpa Jewellers Ltd. operates within this competitive landscape. Its positioning (e.g., premium, mass-market, regional leader, niche player) is not ascertainable from the provided data. Generally, organized players differentiate on trust, purity, design, and showroom experience, while unorganized players often compete on price and local relationships.

MOAT

Without specific company details, it's difficult to ascertain Pushpa Jewellers Ltd.'s durable competitive advantages. Potential moats in the jewellery sector can include:

Brand Trust and Reputation: Critical for high-value purchases like jewellery, especially regarding purity and quality.

Design and Craftsmanship: Unique or popular designs can attract and retain customers.

Distribution Network: A wide presence of showrooms in key markets.

Sourcing Efficiencies: Ability to procure raw materials at competitive prices.

Customer Loyalty: Built over generations in many family-run businesses.

Whether Pushpa Jewellers possesses any of these strong advantages is not evident.

Growth Drivers

Key factors that could drive growth for Pushpa Jewellers Ltd. over the next 3-5 years include:

Rising Disposable Incomes: Increasing affluence among Indian consumers drives demand for discretionary items like jewellery.

Urbanization and Changing Lifestyles: Growth in urban centers and evolving fashion trends contribute to demand for contemporary jewellery.

Wedding Market: India's large and growing wedding market remains a significant driver for jewellery sales.

Cultural Significance: Continued importance of jewellery for festivals and traditional events.

Shift from Unorganized to Organized Sector: Organized players can gain market share through trust, transparency, and modern retail experiences.

Digital Adoption: E-commerce and digital marketing can expand reach, especially for younger demographics.

Risks

Gold Price Volatility: Fluctuations in gold and other precious metal prices directly impact raw material costs, inventory valuation, and consumer demand.

Economic Slowdown: Jewellery is a discretionary purchase; an economic downturn or reduced consumer spending can severely impact sales.

Regulatory Changes: Government policies concerning gold imports, hallmarking, and taxation (e.g., GST) can affect business operations and profitability.

Intense Competition: The highly fragmented nature of the Indian jewellery market leads to intense competition from both organized and unorganized players.

Changing Consumer Preferences: Shifting tastes towards lighter jewellery, different materials, or experiential spending could impact demand for traditional offerings.

Sourcing and Supply Chain Risks: Dependence on imported raw materials (like rough diamonds) can expose the company to geopolitical risks and supply chain disruptions.

Management & Ownership

Specific details regarding the promoters, management quality, and ownership structure of Pushpa Jewellers Ltd. are not provided. In India, many companies in the jewellery sector are family-owned and promoter-led, where the founding family retains significant control and often holds key management positions. Ownership structure typically involves a substantial promoter holding, with the remainder held by institutional investors and the public (for listed entities). Management quality would generally be assessed by factors like strategic vision, execution capabilities, corporate governance practices, and financial track record, which are unknown here.

Outlook

Pushpa Jewellers Ltd. operates in a sector with significant long-term growth potential, driven by India's demographic tailwinds, rising incomes, and the cultural significance of jewellery. Opportunities exist for organized players to expand market share by building trust, offering diverse designs, and enhancing customer experience. However, the company faces inherent challenges such as gold price volatility, intense competition, and the cyclical nature of consumer discretionary spending. The ability to innovate in design, maintain strong sourcing relationships, effectively manage inventory, build brand recognition, and navigate regulatory complexities will be crucial for sustained success in this dynamic market.

Pushpa Jewellers Share Price

Live · NSE · Inception: 2009
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Pushpa Jewellers Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Pushpa Jewellers Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 108 166 255 281
Other Income 0 0 0 0
Total Income 108 166 255 281
Total Expenditure 99 153 235 249
Operating Profit 9 13 20 32
Interest 0 1 1 2
Depreciation 0 0 1 1
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 9 12 18 30
Provision for Tax 3 4 5 8
Profit After Tax 6 8 14 22
Adjustments 0 0 0 0
Profit After Adjustments 6 8 14 22
Adjusted Earnings Per Share 3.3 4.3 7.2 11.8

Pushpa Jewellers Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 14 22 36 58
Minority's Interest 0 0 0 0
Borrowings 1 5 5 11
Other Non-Current Liabilities 0 0 0 1
Total Current Liabilities 7 16 10 21
Total Liabilities 22 43 51 91
Fixed Assets 1 10 11 16
Other Non-Current Assets 0 1 0 4
Total Current Assets 20 32 41 71
Total Assets 22 43 51 91

Pushpa Jewellers Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 2
Cash Flow from Operating Activities -0 0 9 0
Cash Flow from Investing Activities -0 -11 0 -10
Cash Flow from Financing Activities 0 10 -7 12
Net Cash Inflow / Outflow 0 -0 2 2
Closing Cash & Cash Equivalent 0 0 2 4

Pushpa Jewellers Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.27 4.32 7.2 11.82
CEPS(Rs) 3.34 4.52 7.49 12.18
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 7.61 11.93 19.13 30.84
Core EBITDA Margin(%) 8.48 7.76 7.81 11.33
EBIT Margin(%) 8.37 7.55 7.66 11.17
Pre Tax Margin(%) 8.13 7.18 7.11 10.6
PAT Margin (%) 5.73 4.91 5.32 7.93
Cash Profit Margin (%) 5.85 5.15 5.53 8.17
ROA(%) 28.32 24.99 28.63 31.27
ROE(%) 42.97 44.2 46.36 47.31
ROCE(%) 50.02 45.27 47.9 50.48
Receivable days 11.28 9.97 7.72 16.06
Inventory Days 50.46 42.63 37.26 41.41
Payable days 0.84 2.08 2.25 2.32
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.03 0.09 0.03 0.13
EV/Core EBITDA(x) 0.41 1.16 0.32 1.15
Net Sales Growth(%) 0 54.01 54 10.07
EBIT Growth(%) 0 38.98 56.17 60.59
PAT Growth(%) 0 32.02 66.72 64.15
EPS Growth(%) 0 32.02 66.72 64.18
Debt/Equity(x) 0.25 0.66 0.23 0.38
Current Ratio(x) 3.08 2.03 3.98 3.29
Quick Ratio(x) 0.83 0.51 1.21 1.64
Interest Cover(x) 35.09 20.64 14.03 19.69
Total Debt/Mcap(x) 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +10% +38% — —
Operating Profit CAGR +60% +53% — —
PAT CAGR +57% +54% — —
Share Price CAGR -17% — — —
ROE Average +47% +46% +45% +45%
ROCE Average +50% +48% +48% +48%

Pushpa Jewellers Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 72.67 %
FII 1.17 %
DII (MF + Insurance) 1.91 %
Public (retail) 24.25 %
# Jul 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 72.2972.2972.2972.5672.67
FII 5.212.361.511.511.17
DII 7.951.921.611.71.91
Public 14.5523.4324.5824.2324.25
Others 00000
Total 100100100100100

Pushpa Jewellers Peer Comparison

Diamond & Jewellery Edit Columns

Pushpa Jewellers Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Pushpa Jewellers Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 46%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 2.25 to 2.32days.
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