Dashboard/PNGJL

PNGJL

UNDERVALUED

P N Gadgil Jewellers Limited

Consumer Durables · NSE

↑ 33.1% vs fair value

52W Low

₹474

+22.1% from low

52W High

₹701

-17.5% from high

News sentiment (1 articles)

1 bull0 neutral0 bear

✦

Analyst Note

2d ago

P N Gadgil Jewellers trades at ₹578.5 against a fair value of ₹864.84, offering a 36% margin of safety with medium confidence. The jeweller has delivered impressive earnings growth of 98.6% year-over-year and 55.9% over five years on the back of 35.6% revenue expansion, though concerning negative free cash flow of ₹728 Cr and paper profit earnings quality raise sustainability questions. A moderate debt-to-equity of 0.76 and ROCE of 19.8% provide some foundation, but the Piotroski score of 5 signals underlying financial weakness. This suits value investors willing to tolerate execution risk in a cyclical sector.

Valuation Gauge

UNDERVALUED+33.1% Margin of Safety

OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹579

Fair Value

₹865

Fair Value Analysis

₹865

Based on balance sheet strength analysis and earnings growth potential for Consumer Durables sector companies | Sector-cheap: P/E at 8th percentile vs sector peers. | Growth capped at 25.8% (ROE 22.4%×1.15) — historical CAGR exceeds sustainable rate or COVID period unverifiable.

Medium confidence

Balance Sheet Value

50% weight

₹281

Growth Valuation

50% weight

₹1,448

Price vs Market

PNGJL

Nifty 50

Technical Pulse

Plain English — no jargon

RSI 54Neutral

52-week range-2.7% from high

L 503H 584.5

20-day avg₹552▲ 3.1%

📍

Price PositionNeutral

Not enough price history to assess trend.

💪

Momentum (RSI)Neutral

RSI is 54 — neutral momentum, neither overbought nor oversold.

📈

Short-term TrendNeutral

Insufficient data for short-term trend.

→Combined Verdict

Fundamentally undervalued with neutral momentum. Good value opportunity — momentum hasn't turned yet but fundamentals are strong.

Shareholding Pattern

Stock Health Score

B+

Financially Healthy

7.6 / 10

Profitability

10/10

ROE of 22.4% is above the Consumer Durables sector benchmark of 18% — strong returns

Debt & Leverage

10/10

D/E ratio of 0.8x is well within the Consumer Durables sector norm of 0.8x — strong balance sheet

Valuation vs Peers

10/10

P/E of 20.3x trades at a 60% discount to Consumer Durables sector median (51x) — attractively valued

Cash Flow

1/10

Negative FCF of ₹-728 Cr — company is consuming more cash than it generates

Earnings Growth

10/10

5yr EPS CAGR of 55.9% is well above the Consumer Durables sector average of 16.9% — strong growth

Dividend

4/10

No dividend — typical for growth-stage companies

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

-14.2%

Free cash flow / market cap

Revenue Growth (YoY)

+35.6%

Year-on-year revenue change

Profit Growth (YoY)

+98.8%

Year-on-year PAT change

Operating Cash Flow

₹-675 Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹28.1

P/E Ratio

20.3x

P/B Ratio

4.6x

ROE

22.4%

ROCE

19.8%

Debt / Equity

0.76x

Beta

—

Div Yield

—

FCF (Cr)

₹-728 Cr

Revenue (Cr)

₹7,693 Cr

EPS Growth 5Y

55.9%

Mkt Cap (Cr)

₹7,722 Cr

52W High

₹701.4

52W Low

₹473.8

Book Value/Share

₹125.2

Financial History

Period	Revenue	Op Profit	OPM%	PAT	EPS
TTM	₹8.8K Cr	₹556 Cr	6.0%	₹382 Cr	₹28.11
2025-03-31	₹7.6K Cr	₹337 Cr	4.0%	₹218 Cr	₹16.08
2024-03-31	₹6.1K Cr	₹271 Cr	4.0%	₹155 Cr	₹13.15
2023-03-31	₹4.5K Cr	₹123 Cr	3.0%	₹94 Cr	₹13.46
2022-03-31	₹2.5K Cr	₹111 Cr	4.0%	₹70 Cr	₹10.43
2021-03-31	₹1.9K Cr	₹55 Cr	3.0%	₹-7 Cr	₹-1.32
2020-03-31	₹2.5K Cr	₹103 Cr	4.0%	₹27 Cr	₹4.88

Compounded Growth Rates

Sales Growth

3Y+25.1%

5Y+35.8%

10Y—

Profit Growth

3Y+59.6%

5Y—

10Y—

EPS Growth

3Y+27.8%

5Y—

10Y—

Peer Comparison

Consumer Durables

Stock	Price	Fair Value	MoS%	P/E	ROE	Signal
SENCO Senco Gold Limited	₹320.5	₹913.6	+64.9%	9.8	22.8%	FAIRLY_VALUED
PCJEWELLER PC Jeweller Limited	₹8.5	₹17.2	+50.5%	11.7	9.1%	FAIRLY_VALUED
BATAINDIA Bata India	₹669	₹1,308.2	+48.9%	47.4	15.0%	FAIRLY_VALUED
PNGJL P N Gadgil Jewellers Limited	₹578.5	₹864.8	+33.1%	19.5	22.4%	UNDERVALUED
WHIRLPOOL Whirlpool of India Limited	₹820	₹1,106.8	+25.9%	31.1	8.2%	UNDERVALUED
BAJAJELEC Bajaj Electricals	₹353.5	₹382.9	+7.7%	113.8	6.6%	FAIRLY_VALUED
CERA Cera Sanitaryware Limited	₹4,796	₹4,154	-15.5%	28.4	17.7%	FAIRLY_VALUED
VAIBHAVGBL Vaibhav Global Limited	₹191.6	₹160.5	-19.4%	15.2	14.5%	FAIRLY_VALUED

Institutional Activity

Bulk deals, block deals, short selling & delivery volume — NSE data

Insider Trading

Community Pulse

What is Dalal Street saying?

r/IndiaInvestments · r/Dalal_Street_Investments · r/IndianStockMarket

No Reddit mentions found yet for PNGJL.

StockTwits

What traders are saying right now

StockTwits

No StockTwits activity found for PNGJL.

Search Interest

Google Trends · India · Last 90 days

Trends

Trend data not yet available — check back soon.

Telegram Channels

ET Markets · CNBC TV18 · Moneycontrol · Zee Business · NDTV Profit

No Telegram mentions found yet for PNGJL.

10 articles

P N Gadgil Jewellers Ltd Opens 5.83% Higher Amid Mixed Technical Signals - Markets Mojo

Google News: PNGJL·4d ago

▲ BULLISH

P N Gadgil Jewellers Ltd Technical Momentum Shifts Amid Mixed Market Signals - Markets Mojo

Google News: PNGJL·10d ago

P N Gadgil Jewellers Ltd Technical Momentum Shifts Amid Bearish Signals - Markets Mojo

Google News: PNGJL·13d ago

P N Gadgil Jewellers open news stores at Kolhapur and Mumbai - Business Standard

Google News: PNGJL·14d ago

P N Gadgil Jewellers Ltd Valuation Shifts Signal Price Attractiveness Change - Markets Mojo

Google News: PNGJL·15d ago

PNGJL Share Price: Investors ki hui majja! ₹10,000 Cr revenue paar, ye hai asal reason - Whalesbook

Google News: PNGJL·17d ago

P N Gadgil Jewellers Ltd Technical Momentum Shifts Amid Mixed Market Signals - Markets Mojo

Google News: PNGJL·17d ago

P N Gadgil Jewellers Expands Network to 72 Stores with New Gorakhpur Outlet - TipRanks

Google News: PNGJL·22d ago

P N Gadgil Jewellers Opens New Store in Gorakhpur, Expands Network to 72 Outlets - scanx.trade

Google News: PNGJL·22d ago

P N Gadgil Jewellers Ltd Technical Momentum Shifts Amid Mixed Market Signals - Markets Mojo

Google News: PNGJL·24d ago

Company Documents

Annual reports, concall transcripts & regulatory filings

📄

Annual Reports

Last 10 years of annual reports via Screener.in

↗🎙️

Concall Transcripts

Quarterly earnings call transcripts & investor presentations

↗🏛️

NSE Filings

Board meeting outcomes, shareholding patterns, corporate actions

↗📊

Balance Sheet & Cash Flow

10-year financial statements on Screener.in

↗

Share this Stock

Download card · Share on WhatsApp

Share on WhatsApp, Twitter, or any group — each share brings new users to Veritas Quant