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Prices as of 9 Oct 2026 close · Not investment advice

Manoj Vaibhav Gems N Jewellers Limited

NSE: MVGJLGems, Jewellery And WatchesShort-term ASM stage 1

Share price

₹207.87

-0.20% close of 9 Oct 2026

Market cap ₹1,019 CrP/E 8.3

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 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.

71

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹1,019 Cr

P/E ratio

8.3

P/B ratio

1.2

ROCE

15.8%

ROE

14.8%

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.

Prices as of 9 Oct 2026 close52-week high ₹224.3852-week low ₹131.97

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 21.5% over the past year, and 11.6% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 7.5% to 6.6% over the last three years.

Whether it grew faster than its sector

It grew 11.6% a year against a sector median of 11.3% — 0.3 percentage points faster.

Room to re-rate, or risk of de-rating

At 8.3× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 38.7×, across 5 companies. It is against its own five-year median of 11.5×, the 23rd percentile of its own range.

Whether growth justifies the valuation

Priced at 0.5 times its growth rate, on earnings growth of 18%.

Profit growthPrice per ₹1 profitPer 1% growth
Manoj Vaibhav Gems N Jewellers Limited — this one18%/yr8.3×₹0.46
Kalyan Jewellers India Limited45%/yr39.1×₹0.87
Lalithaa Jewellery Mart Limited—21.2×—
Thangamayil Jewellery Limited64%/yr38.7×₹0.60
PC Jeweller Limited77%/yr18.8×₹0.24
SKY GOLD AND DIAMONDS LIMITED144%/yr42.7×—

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 25 of 38 on returns, 22 of 35 on growth, 32 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?

No durable advantage shows in the numbers: it earns 15.8% on capital, ahead of 34% 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

Yes — Over the last five years it made ₹97 crore of cash from the business, spent ₹19 crore on plant and equipment, and returned ₹12 crore to lenders and shareholders. But only about 26 of every 100 rupees of profit it reported over 7 years arrived as cash — the rest is tied up. Its cash comes back more slowly than it used to: it went from being waiting 64 days for its cash to waiting 89 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 10 checks clear · 90%

How the profit check works

Latest result · Q4 FY26

What the last results showed. Whether management kept its word is in Pro.

Announced 10 Oct 2026 · Standalone · Audited

Revenue

₹754 Cr

Revenue vs last year

+7.0%

Revenue vs last quarter

+10.2%

Net profit

₹28 Cr

Profit vs last year

+4.3%

Profit vs last quarter

-17.2%

Net margin

3.7%

EPS

₹5.76

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
₹1,019 Cr
Prev close
₹207.87
52w High
₹234
52w Low
₹129
Enterprise value
₹1,401 Cr
Beta
1.3
Price CAGR 1y
14.0%
Price CAGR 3y
-4.0%
Price CAGR 5y
—
Price CAGR 10y
—

Ratios

Return on assets
6.2%
PEG ratio
0.5
P/E ratio
8.3
P/B ratio
1.2
EV / EBITDA
7.3
Industry P/E
21.8
ROCE
15.8%
ROCE 5y average
15.6%
ROE
14.8%
Debt / Equity
0.6
Interest coverage
5.2
Dividend yield
0.0%
ROE 3y average
15.0%
ROE last year
15.0%

Annual P&L

Annual revenue
₹2,743 Cr
Annual profit
₹115 Cr
Operating margin
7.0%
Net profit margin
4.2%
EBITDA margin
6.9%
Sales growth 3y
10.6%
Sales growth 5y
13.9%
Profit growth 3y
18.0%
Profit growth 5y
32.0%
EPS
₹23.5
Sales growth TTM
22.0%
Profit growth TTM
21.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹714 Cr
Profit latest quarter
₹28 Cr
YoY quarterly sales growth
30.1%
YoY quarterly profit growth
33.3%
OPM latest quarter
6.3%

Balance Sheet

Book Value
₹170
Face Value
₹10.0
Total debt
₹491 Cr
Total cash
₹109 Cr
Borrowings
₹491 Cr
Reserves / Equity
16.0

Cash Flow

Operating cash flow
₹26 Cr
Free cash flow
₹22 Cr
FCF yield
-1.5%
Net cash flow
₹83 Cr

Shareholding

Promoter holding
74.3%
FII holding
0.6%
DII holding
1.0%
Public holding
24.1%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Titan Company4,431.0067.43,93,3780.341,777.062.921,356.029.320.5
Kalyan Jewellers559.7539.557,8080.44348.732.010,588.945.721.1
Lalithaa Jewel375.0022.020,9890.00208.4-21.16,039.626.238.0
Thangamayil Jew.4,820.4538.114,9830.3785.186.22,666.471.225.5
Sky Gold & Diam.880.3540.713,6340.00104.9136.92,012.877.926.9
PC Jeweller13.6117.313,3480.00221.937.0877.021.09.6
Bluestone Jewel801.50217.412,2450.006.0120.2736.949.66.8
Manoj Vaibhav212.108.61,0360.0027.620.3713.930.115.8
Median268.9820.31,2230.0021.549.8378.639.021.6

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.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales509619475546539642498705549756685754714
Expenses472577441510502598460659512700630716669
Material Cost388368478484582510
Change in Inventories-88-51-41-26-155-171
Purchases of Stock-in-Trade319161213122251290
Employee Cost131414141415
Other Expenses272035362525
Operating Profit37423437374438463755543845
OPM %7.346.807.176.726.876.917.546.476.817.337.935.056.25
Other Income11554442220105
Exceptional items (within Other Income)000-1.4403.78
Interest1111111110101010998911
Depreciation2222222223222
Profit before tax26302528293629362845443737
Tax %26262427252512262630212525
Net Profit19221921222725272132342828
EPS in Rs4.924.543.884.214.465.465.175.474.226.507.065.765.64
Diluted EPS in Rs5.484.226.507.065.7611

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,2761,4311,6892,0252,1502,3842,7442,909
Expenses1,1931,3501,5841,8811,9972,2172,5552,716
Material Cost1,3471,911
Change in Inventories-241-272
Purchases of Stock-in-Trade971747
Employee Cost5056
Other Expenses93117
Operating Profit8381106144151166188192
OPM %76677777
Other Income5-24411131318
Exceptional items (within Other Income)0-1.44
Interest4643424445413737
Depreciation99998.428.339.5810
Profit before tax33285896109130154163
Tax %27252525262325
Net Profit2421447281100115122
EPS in Rs2521451817212425
Diluted EPS in Rs2124
Dividend Payout %0000000

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
14%
3 years
11%
TTM
22%

Compounded profit growth

10 years
—
5 years
32%
3 years
18%
TTM
21%

Stock price CAGR

10 years
—
5 years
—
3 years
-4%
1 year
14%

Return on equity

10 years
—
5 years
17%
3 years
15%
Last year
15%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital10101039494949
Reserves198219263305569670785
Borrowings467489503485429400491
Other Liabilities14385124248352380540
Total Liabilities8198039001,0781,3991,4981,865
Fixed Assets121938783788882
CWIP17731101
Investments0000000
Other Assets6817048099941,3211,4101,781
Total Assets8198039001,0781,3991,4981,865

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity33-1296960-6726
Cash from Investing Activity-6111-4-1261272
Cash from Financing Activity-374-26-5994-7655
Net Cash Flow-94-15728-1683
Free Cash Flow18-496858-7922

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2544554
Inventory Days212184188193211231246
Days Payable3417228192526
Cash Conversion Cycle181172171190196211225
Working Capital Days38616467719789
ROCE %121317161616

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters747474747474747474747474
FIIs8.778.648.047.962.861.750.690.770.600.600.600.64
DIIs2.601.661.231.231.161.161.111.111.111.111.111.02
Public141516172223242424242424
No. of Shareholders65,71725,73425,00723,39430,81531,35532,20830,87131,46930,06729,02228,221

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +10.9% (₹187.47 → ₹207.87)Brick size ₹13.20 (fixed)Bricks 12
₹150₹208Jan '26Apr '26
Price moved up one brickPrice moved down one brickLast close ₹207.87 on 9 Oct 2026

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

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

382inr_cr

2026-03-31

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

News

News and filings about Manoj Vaibhav Gems N Jewellers Limited. Open one to see why it matters.

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

  • Cut and polished diamonds and precious/semi-precious stones
  • Gold bullion
  • Platinum
  • Silver

Depends on the price of

  • Gold
  • silver

Buys from

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
INE0KNT01012

Plants

  • V Empire Registered Office, Dwarakanagar
  • Vaibhav Jewellers showroom network - Andhra Pradesh
  • Vaibhav Jewellers showroom network - Telangana

News impact

Big market events that reach Manoj Vaibhav Gems N Jewellers 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.

Splits, bonuses & buybacks

  • daily-prices repair: 7 rows from NSE's archive (replace 2, delete 0, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.