P N Gadgil Jewellers Ltd
NSE: PNGJL · Gems, Jewellery And Watches · sector
₹556.95NSE close 2026-10-26
Key numbers
Market cap₹7,558 cr
Price₹556.95
52w high / low₹736 / ₹503
P/E17.0xSector median 16.4x
P/B3.9xSector median 1.9x
Book value₹144.6
Dividend yield–Sector median 0.46%
ROE25.4%Sector median 14.7%
ROCE19.9%Sector median 15.0%
OPM5.8%Sector median 6.6%
Debt / equity0.80xSector median 0.26x
EV/EBITDA13.0xSector median 15.4x
Interest cover6.6x
Current ratio1.53x
Sales growth 3y–Sector median +25.6%
Profit growth 3y–Sector median +26.1%
PEG0.22x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 82 companies in Gems, Jewellery And Watches (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹504 cr vs borrowings ₹1,580 cr (FY26): borrowings are higher by ₹1,075 cr.
- Operating profit covered interest 6.6x in the last 12 months.
- Promoter holding fell by 6.49 percentage points in a year, to 76.62% (2026-09-30).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 23% of net profit in the last 12 months.
- No dividend in the last 2 financial years.
- Price ₹556.95 on 2026-10-26: -24.4% from the 52-week high, +10.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹804.50 · low ₹512.80
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,001 | 2,436 | 1,588 | 1,715 | 2,178 | 3,303 | 3,544 | 2,413 |
| EBITDA | 54 | 123 | 94 | 110 | 107 | 241 | 135 | 182 |
| OPM % | 2.7% | 5.0% | 5.9% | 6.4% | 4.9% | 7.3% | 3.8% | 7.6% |
| Other income | 12 | 7 | 15 | 13 | 36 | 27 | 31 | 10 |
| Net profit | 35 | 86 | 62 | 69 | 79 | 171 | 90 | 105 |
| EPS (₹) | 2.57 | 6.34 | 4.57 | 5.11 | 5.84 | 12.59 | 6.65 | 7.76 |
| Revenue YoY | +8.8% | +35.6% | +123.2% | +40.7% | ||||
| Profit YoY | +128.8% | +98.6% | +45.3% | +51.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY25 | FY26 | TTM |
|---|---|---|---|
| Revenue | 7,693 | 10,739 | 11,438 |
| EBITDA | 336 | 613 | 666 |
| Net profit | 218 | 409 | 446 |
| EPS (₹) | 17.10 | 30.20 | 32.84 |
| Revenue growth | +39.6% | +47.8% | |
| Profit growth | +87.5% | +76.8% | |
| Dividend / share (₹) | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +47.8% |
| Net profit | – | – | +76.8% |
| EPS | – | – | – |
| Share price | – | -11.9% (2y) | -16.3% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 1,554 | 1,963 |
| Borrowings | 823 | 1,580 |
| Cash & equivalents | 529 | 504 |
| Total assets | 3,144 | 4,964 |
| Fixed assets | 187 | 230 |
| Capital work in progress | 4 | 0 |
| Investments | 9 | 8 |
| Receivables | 50 | 63 |
| Inventory | 2,021 | 3,655 |
| Payables | 256 | 576 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | -675 | -717 |
| Cash from investing | -424 | -54 |
| Cash from financing | 1,167 | 719 |
| Capex | 53 | 65 |
| Free cash flow | -728 | -782 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 14.0% | 20.9% |
| ROCE % | 14.1% | 18.2% |
| Debtor days | 2 | 2 |
| Inventory days | 106 | 141 |
| Payable days | 13 | 22 |
| Cash conversion cycle (days) | 95 | 121 |
| Working capital days | 56 | 51 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 76.62% |
| FIIs | 3.82% |
| DIIs | 7.05% |
| of which Mutual funds | 4.76% |
| of which Insurance | 1.51% |
| Public (non-institutions) | 12.50% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 83.11% | 83.11% | 83.11% | 83.11% | 83.11% | 83.11% | 76.62% | 76.62% |
| Promoter group | % |
|---|---|
| SVG Business Trust (Radhika Saurabh Gadgil) | 76.62% |
| Vaishali Vidyadhar Gadgil | 0.00% |
| Saurabh V Gadgil | 0.00% |
| Radhika Saurabh Gadgil | 0.00% |
| Aditya Saurabh Gadgil | 0.00% |
| Saurabh Vidyadhar Gadgil HUF | 0.00% |
| Yash Saurabh Gadgil | 0.00% |
| Pallavi Nigavekar | 0.00% |
| Amit Vaidya | 0.00% |
| Jayanti Vaidya | 0.00% |
| Jitendra Vaidya | 0.00% |
| SVG Family Trust (Vaishali Vidyadhar Gadgil) | 0.00% |
| Think Pure Social Welfare Foundation | 0.00% |
| Gadgil Holdings Private Limited | 0.00% |
| Gadgil Developers Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Bandhan Mutual Fund | 2.32% |
| Mahindra Mutual Fund | 1.82% |
| Tata AIG General Insurance Company Limited | 1.21% |
1,54,829 shareholders. Pledged: – of promoter shares.
Peers in Gems, Jewellery And Watches
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TITAN | ₹3,83,796 cr | 66.9x | 24.4x | 42.2% | 33.3% | 10.1% | +29.2% | 0.25% |
| KALYANKJIL | ₹52,133 cr | 36.3x | 8.3x | 25.8% | 34.4% | 6.6% | +36.4% | 0.30% |
| LALITHAA | ₹17,374 cr | – | – | – | – | – | – | – |
| PCJEWELLER | ₹16,193 cr | 16.0x | 1.7x | 10.8% | 10.3% | 24.5% | +10.7% | – |
| SKYGOLD | ₹14,535 cr | 43.3x | 12.1x | 35.6% | 26.4% | 7.2% | +76.0% | – |
| THANGAMAYL | ₹14,404 cr | 36.8x | 10.2x | 31.1% | 26.3% | 6.4% | +39.2% | 0.27% |
| BLUESTONE | ₹11,583 cr | 110.7x | 6.3x | 6.0% | 11.9% | 17.0% | – | – |
| PNGJL | ₹7,558 cr | 17.0x | 3.9x | 25.4% | 19.9% | 5.8% | – | – |
| ETHOSLTD | ₹6,486 cr | 62.2x | 4.4x | 8.4% | 12.0% | 12.8% | +26.9% | – |
| TIMEX | ₹6,364 cr | 75.0x | 57.2x | 87.9% | 86.1% | 14.4% | +27.7% | 0.37% |
Documents
- Annual report FY26
- Annual report FY25
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Trading in jewellery, gems, precious stones, and precious metals.: Retail trade of jewellery, metals, bullions, precious stones, ornaments etc.
| Sector | Consumer Discretionary |
| Industry | Gems, Jewellery And Watches |
| Sub-industry | Gems, Jewellery And Watches |
| Symbol | PNGJL |
| BSE code | 544256 |
| ISIN | INE953R01016 |
| Face value | ₹10.0 |
| Incorporated | 2013-10-28 |
| Website | www.pngjewellers.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.