D. P. Abhushan Limited
NSE: DPABHUSHANGems, Jewellery And WatchesASM stage 2
Share price
₹2,363.80
+4.64% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 6 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
65
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹5,100 Cr
P/E ratio
21.7
P/B ratio
8.2
ROCE
39.6%
ROE
40.9%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 30.8% over the past year, and 29.2% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 5.0% to 8.3% over the last two years.
Whether it grew faster than its sector
It grew 29.2% a year against a sector median of 11.3% — 17.9 percentage points faster.
Room to re-rate, or risk of de-rating
At 21.7× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 39.0×, across 5 companies. It is against its own five-year median of 23.2×, the 37th percentile of its own range.
Whether growth justifies the valuation
Priced at 0.3 times its growth rate, on earnings growth of 67%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| D. P. Abhushan Limited — this one | 67%/yr | 21.7× | ₹0.32 |
| Titan Company | 17%/yr | 66.5× | ₹3.9 |
| Kalyan Jewellers India Limited | 45%/yr | 39.0× | ₹0.87 |
| Lalithaa Jewellery Mart Limited | — | 20.8× | — |
| Thangamayil Jewellery Limited | 64%/yr | 38.0× | ₹0.59 |
| SKY GOLD AND DIAMONDS LIMITED | 144%/yr | 41.0× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Gems, Jewellery And Watches), it ranks 4 of 38 on returns, 9 of 35 on growth, 24 of 40 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A wide advantage: it earns 39.6% on capital, ahead of 89% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹38 crore of cash before any plant spend, funded mostly borrowed — borrowings rose from ₹170 crore to ₹304 crore. And the profit is not backed by cash: it reported a profit over 10 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being waiting 25 days for its cash to waiting 48 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
8 of 9 checks clear · 89%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 20 Jul 2026 · Standalone · Unaudited
Revenue
₹852 Cr
Revenue vs last year
+57.9%
Revenue vs last quarter
-36.1%
Net profit
₹64 Cr
Profit vs last year
+79.0%
Profit vs last quarter
+26.4%
Net margin
7.6%
EPS
₹28.23
Earnings call transcript · 22 Jul 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹5,100 Cr
- Prev close
- ₹2,363.80
- 52w High
- ₹2,345
- 52w Low
- ₹866
- Enterprise value
- ₹5,399 Cr
- Beta
- 1.1
- Price CAGR 1y
- 51.0%
- Price CAGR 3y
- 49.0%
- Price CAGR 5y
- 58.0%
- Price CAGR 10y
- —
Ratios
- Return on assets
- 18.5%
- PEG ratio
- 0.3
- P/E ratio
- 21.7
- P/B ratio
- 8.2
- EV / EBITDA
- 17.6
- Industry P/E
- 21.3
- ROCE
- 39.6%
- ROCE 5y average
- 29.8%
- ROE
- 40.9%
- Debt / Equity
- 0.5
- Interest coverage
- 15.9
- Dividend yield
- 0.0%
- ROE 3y average
- 37.0%
- ROE last year
- 41.0%
Annual P&L
- Annual revenue
- ₹4,060 Cr
- Annual profit
- ₹212 Cr
- Operating margin
- 8.0%
- Net profit margin
- 5.2%
- EBITDA margin
- 7.6%
- Sales growth 3y
- 27.2%
- Sales growth 5y
- 27.3%
- Profit growth 3y
- 67.0%
- Profit growth 5y
- 51.0%
- EPS
- ₹92.8
- Sales growth TTM
- 31.0%
- Profit growth TTM
- 93.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹852 Cr
- Profit latest quarter
- ₹64 Cr
- YoY quarterly sales growth
- 57.8%
- YoY quarterly profit growth
- 77.8%
- OPM latest quarter
- 11.0%
Balance Sheet
- Book Value
- ₹275
- Face Value
- ₹10.0
- Total debt
- ₹304 Cr
- Total cash
- ₹26 Cr
- Borrowings
- ₹304 Cr
- Reserves / Equity
- 26.5
Cash Flow
- Operating cash flow
- -₹97 Cr
- Free cash flow
- -₹106 Cr
- FCF yield
- -2.5%
- Net cash flow
- ₹3 Cr
Shareholding
- Promoter holding
- 74.9%
- FII holding
- 0.2%
- DII holding
- 0.0%
- Public holding
- 24.9%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Titan Company | 4,550.00 | 68.9 | 4,02,186 | 0.33 | 1,777.0 | 62.9 | 21,356.0 | 29.3 | 20.5 |
| Kalyan Jewellers | 548.15 | 38.7 | 56,595 | 0.46 | 348.7 | 32.0 | 10,588.9 | 45.7 | 21.1 |
| Lalithaa Jewel | 405.45 | 23.8 | 22,693 | 0.00 | 208.4 | -21.1 | 6,039.6 | 26.2 | 38.0 |
| Thangamayil Jew. | 4,758.50 | 37.6 | 14,783 | 0.38 | 85.1 | 86.2 | 2,666.4 | 71.2 | 25.5 |
| Sky Gold & Diam. | 857.65 | 39.7 | 13,299 | 0.00 | 104.9 | 136.9 | 2,012.8 | 77.9 | 26.9 |
| PC Jeweller | 12.93 | 16.4 | 12,691 | 0.00 | 221.9 | 37.0 | 877.0 | 21.0 | 9.6 |
| Bluestone Jewel | 813.85 | 220.8 | 12,435 | 0.00 | 6.0 | 120.2 | 736.9 | 49.6 | 6.8 |
| D.P. Abhushan | 2,174.00 | 20.5 | 4,908 | 0.00 | 64.5 | 77.0 | 852.4 | 57.7 | 39.6 |
| Median | 223.32 | 19.6 | 1,070 | 0.00 | 20.1 | 50.3 | 326.0 | 39.9 | 21.2 |
Competes with: BlueStone Jewellery and Lifestyle Limited, Ethos Limited, Kalyan Jewellers India Limited, Lalithaa Jewellery Mart Limited, P N Gadgil Jewellers Limited, PC Jeweller Limited, SKY GOLD AND DIAMONDS LIMITED, Thangamayil Jewellery Limited, Titan Company
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 471 | 546 | 765 | 557 | 505 | 1,005 | 1,084 | 717 | 540 | 968 | 1,222 | 1,335 | 852 |
| Expenses | 446 | 524 | 737 | 532 | 466 | 967 | 1,029 | 675 | 486 | 892 | 1,117 | 1,266 | 760 |
| Material Cost | 161 | 89 | 225 | 219 | 245 | 161 | |||||||
| Change in Inventories | -102 | 45 | -124 | -83 | 21 | -105 | |||||||
| Purchases of Stock-in-Trade | 591 | 328 | 763 | 950 | 971 | 675 | |||||||
| Employee Cost | 8.66 | 9.01 | 9.28 | 10 | 11 | 11 | |||||||
| Other Expenses | 16 | 15 | 19 | 21 | 18 | 17 | |||||||
| Operating Profit | 25 | 22 | 29 | 24 | 38 | 38 | 55 | 42 | 54 | 76 | 106 | 69 | 93 |
| OPM % | 5 | 4 | 3.80 | 4.40 | 8 | 3.80 | 5 | 6 | 10 | 8 | 9 | 5 | 11 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 4 | 1 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest | 3 | 3 | 5 | 0 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 4 | 5 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 4 | 3 | 3 | 3 | 3 | 2 |
| Profit before tax | 21 | 18 | 22 | 23 | 34 | 33 | 49 | 35 | 49 | 69 | 98 | 67 | 86 |
| Tax % | 25 | 25 | 25 | 28 | 26 | 25 | 24 | 27 | 25 | 26 | 25 | 24 | 25 |
| Net Profit | 16 | 13 | 17 | 16 | 25 | 25 | 37 | 25 | 36 | 51 | 73 | 51 | 64 |
| EPS in Rs | 7.02 | 5.99 | 7.51 | 7.28 | 11 | 11 | 17 | 11 | 16 | 23 | 32 | 22 | 28 |
| Diluted EPS in Rs | 11 | 16 | 23 | 32 | 22 | 28 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 451 | 660 | 812 | 807 | 1,215 | 1,728 | 1,971 | 2,340 | 3,311 | 4,065 | 4,377 |
| Expenses | 433 | 638 | 784 | 773 | 1,164 | 1,653 | 1,893 | 2,234 | 3,131 | 3,753 | 4,034 |
| Material Cost | 704 | 778 | |||||||||
| Change in Inventories | -260 | -142 | |||||||||
| Purchases of Stock-in-Trade | 2,601 | 3,012 | |||||||||
| Employee Cost | 30 | 40 | |||||||||
| Other Expenses | 63 | 73 | |||||||||
| Operating Profit | 18 | 22 | 28 | 34 | 51 | 75 | 79 | 103 | 176 | 307 | 343 |
| OPM % | 3.90 | 3.30 | 3.40 | 4.20 | 4.20 | 4.30 | 4 | 4.40 | 5 | 8 | 8 |
| Other Income | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 5 |
| Exceptional items (within Other Income) | 0 | 0 | |||||||||
| Interest | 12 | 10 | 10 | 10 | 11 | 15 | 13 | 14 | 17 | 19 | 17 |
| Depreciation | 1 | 1 | 2 | 3 | 4 | 5 | 5 | 5.59 | 9.11 | 11 | 11 |
| Profit before tax | 8 | 11 | 16 | 22 | 37 | 55 | 61 | 83 | 151 | 283 | 320 |
| Tax % | 35 | 28 | 28 | 25 | 25 | 26 | 25 | 26 | 25 | 25 | |
| Net Profit | 5 | 8 | 12 | 17 | 27 | 40 | 45 | 62 | 113 | 212 | 240 |
| EPS in Rs | 3.66 | 5.30 | 7.49 | 12 | 18 | 20 | 28 | 50 | 93 | 105 | |
| Diluted EPS in Rs | 50 | 93 | |||||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 6 | 5 | 4 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 27%
- 3 years
- 27%
- TTM
- 31%
Compounded profit growth
- 10 years
- —
- 5 years
- 51%
- 3 years
- 67%
- TTM
- 93%
Stock price CAGR
- 10 years
- —
- 5 years
- 58%
- 3 years
- 49%
- 1 year
- 51%
Return on equity
- 10 years
- 34%
- 5 years
- 36%
- 3 years
- 37%
- Last year
- 41%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 23 | 23 |
| Reserves | 0 | 19 | 31 | 47 | 75 | 116 | 159 | 216 | 381 | 610 |
| Borrowings | 96 | 125 | 99 | 97 | 171 | 170 | 126 | 173 | 184 | 304 |
| Other Liabilities | 21 | 29 | 78 | 102 | 129 | 105 | 102 | 126 | 249 | 206 |
| Total Liabilities | 138 | 195 | 230 | 269 | 397 | 414 | 409 | 537 | 837 | 1,143 |
| Fixed Assets | 19 | 26 | 27 | 30 | 42 | 50 | 49 | 49 | 65 | 75 |
| CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 11 | 1 |
| Investments | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 12 |
| Other Assets | 119 | 169 | 203 | 238 | 352 | 363 | 360 | 488 | 761 | 1,055 |
| Total Assets | 138 | 195 | 230 | 269 | 397 | 414 | 409 | 537 | 837 | 1,143 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 8 | -9 | 37 | 7 | -29 | 17 | 61 | -0 | -19 | -97 |
| Cash from Investing Activity | 8 | -17 | -3 | -2 | -12 | -5 | -1 | -4 | -27 | -21 |
| Cash from Financing Activity | -16 | 30 | -34 | -11 | 50 | -18 | -60 | 28 | 40 | 121 |
| Net Cash Flow | 1 | 3 | 0 | -5 | 9 | -6 | 0 | 24 | -6 | 3 |
| Free Cash Flow | 8 | -27 | 35 | 5 | -38 | 9 | 60 | -4 | -46 | -106 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 0 |
| Inventory Days | 96 | 88 | 89 | 113 | 103 | 79 | 69 | 76 | 87 | 100 |
| Days Payable | 5 | 9 | 25 | 29 | 25 | 14 | 12 | 12 | 21 | 11 |
| Cash Conversion Cycle | 92 | 80 | 66 | 85 | 79 | 66 | 56 | 64 | 66 | 89 |
| Working Capital Days | 78 | 46 | 30 | 20 | 19 | 25 | 29 | 27 | 36 | 48 |
| ROCE % | 15 | 16 | 20 | 22 | 24 | 24 | 27 | 34 | 40 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
4,79,33,884inr
2026-03-31
same-store sales growth %
52.00pct
2026-06-30
News
News and filings about D. P. Abhushan Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- diamonds and diamond jewellery
- gold bullion/jewellery and stones
- old gold ornaments/recycled gold (exchange programme)
- packing materials and consumables
- platinum jewellery (plain and diamond-studded)
- precious and semi-precious coloured stones
- silver bullion and jewellery
Depends on the price of
- Gold
- silver
Buys from
- Shringar House of Mangalsutra Limited · gold mangalsutras
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Consumer Durables
- Industry
- Gems, Jewellery And Watches
- Classification
- Consumer Durables › Gems, Jewellery And Watches
- ISIN
- INE266Y01019
Plants
- Ajmer showroom · Ajmer, Rajasthan
- Banswara showroom · Banswara, Rajasthan
- Bhilwara showroom · Bhilwara, Rajasthan
- Bhopal showroom · Bhopal, Madhya Pradesh
- Dhar showroom
- Indore showroom · Indore, Madhya Pradesh
- Kota showroom · Kota, Rajasthan
- Neemuch showroom · Neemuch, Madhya Pradesh
- Ratlam II showroom
- Ratlam showroom (flagship)
- Udaipur showroom · Udaipur, Rajasthan
- Ujjain showroom · Ujjain, Madhya Pradesh
- Wind turbine generator facility · Ratlam district, villages Bagia and Naveli, Madhya Pradesh
News impact
Big market events that reach D. P. Abhushan Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 22 Sep 2023 | unspecified | ₹1 |
|---|---|---|
| 22 Sep 2022 | unspecified | ₹1 |
Splits, bonuses & buybacks
- daily-prices repair: 18 rows from NSE's archive (replace 11, delete 1, insert 6), 2018-01-22..2026-02-01 (docs/flat_day_repair.md)1× · 22 Jan 2018
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 16 Mar 2026 | Vikas Kataria · Promoters | EQUITY SHARES | 2,00,000 | — |
| 16 Mar 2026 | Vikas Ratanlal Kataria HUF · Promoter Group | EQUITY SHARES | 2,00,000 | — |
| 12 Feb 2026 | Santosh Kataria · Promoters | EQUITY SHARES | 2,00,000 | — |
| 12 Feb 2026 | Santosh Ratanlal Kataria HUF · Promoter Group | EQUITY SHARES | 2,00,000 | — |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-263 Sep 2026
- Earnings call · Q1FY2722 Jul 2026
- Results presentation30 Jun 2026
- Annual report · 2024-2518 Sep 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.