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PNGJL · P N Gadgil Jewellers Ltd · Retail (Specialty)

PNGJL · P N Gadgil Jewellers Ltd · Retail (Specialty)

₹600.9+3.3%

As of 05 Nov close

52-week range

52wk low ₹50352wk high ₹736.4

18.4% below 52-week high

52-week range: as of 05 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

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Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old

Operating margin above its own average

Revenue (latest Q)

₹2,413 Cr

Revenue YoY

PAT YoY

+51.9%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

4.7

P/S (TTM)

0.8

Sector P/E

14.2

Dividend yield

0.0%

CompanyP/EP/BNet marginROED/EDiv. yield
PNGJL (this stock)16.34.7+3.9%+22.7%0.890.0%
Kalyan Jewellers India439.4+3.8%+24.3%27.12+0.3%
Thangamayil Jewellery50.910.8+4.1%+27.6%0.64+0.3%
Honasa Consumer59.914.2+9.8%+17.6%0.1+0.6%

Promoter

falling 1q

FII

rising 1q

MF

4.64% (+0.12pp)

rising 2q

Insider trades

No insider trades in the last 12 months.

Bulk/block deals

No bulk/block deals in the last 12 months.

News timeline

No related news.

Concalls & investor presentations

AI-generated
Concall transcriptPositive04 Aug 2026
View source filing →

Key takeaway: P N Gadgil Jewellers Limited reported strong financial results for Q1 FY27 during its conference call held on July 28, 2026. Management highlighted a 41% year-over-year increase in revenue to INR2,413 crores, driven by robust demand in the jewellery sector, particularly during the wedding season and festive sales. EBITDA rose 57% to INR192.4 crores, with a margin of 8%, while profit after tax increased by 52% to INR105.3 crores. The company plans to expand its store network by opening around 25 new stores in FY2027, aiming for a total of approximately 103 stores by year-end. Management emphasized a focus on operational excellence and disciplined execution, despite challenges posed by high gold prices. The call concluded with management expressing confidence in sustaining growth throughout the fiscal year.

Management emphasized strong performance and growth plans.

Sourced from an exchange-filed transcript, dated 04 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive27 Jul 2026
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Key takeaway: P N Gadgil Jewellers Limited (PNGJL) presented its investor presentation for Q1 FY27, highlighting significant growth metrics. The company reported a revenue increase to INR 24,129.8 million, reflecting a 40.7% year-on-year growth. Gross profit also rose by 41.5%, while EBITDA and profit after tax (PAT) increased by 56.6% and 51.9%, respectively. PNGJL emphasized its strategic expansion, having added 39 stores post-IPO, and its commitment to fulfilling all IPO commitments. The presentation detailed the company's diverse product offerings, including traditional and lightweight jewellery, aimed at various consumer segments. PNGJL's digital presence is expanding, with e-commerce revenue growing by 20% year-on-year to INR 793.5 million. The company aims to strengthen its brand presence across India, particularly in Tier 2 and Tier 3 cities, while maintaining a focus on quality and customer trust.

The presentation emphasized strong growth and strategic expansion initiatives.

Sourced from an exchange-filed presentation, dated 27 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive22 May 2026
View source filing →

Key takeaway: During the Q4 FY26 earnings conference call, management of P N Gadgil Jewellers Limited reported a significant milestone, achieving consolidated revenue of INR10,739 crores for the full year, marking a 40% year-over-year growth. The fourth quarter alone saw a 123% increase in revenue to INR3,544 crores, driven by strong demand during the festive season. Management noted a gross margin decline of 2.3% year-over-year, attributed to a higher sales mix of gold bars and coins, which operate on thinner margins. The company added 12 new stores in Q4, bringing the total to 78, and emphasized its expansion strategy into new markets. Management provided guidance for FY27, aiming for INR13,500 crores in revenue with an EBITDA margin of 7% to 7.5%. The call concluded with management expressing gratitude to stakeholders and inviting further questions.

Management highlighted significant revenue growth and strategic expansion efforts.

Sourced from an exchange-filed transcript, dated 22 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive14 May 2026
View source filing →

Key takeaway: P N Gadgil Jewellers Limited (PNGJL) provided an investor presentation detailing its performance for the fiscal year ending March 31, 2026. The presentation highlighted a significant revenue increase of 39.6% year-over-year, reaching INR 107,391 million, with a notable 123.2% growth in Q4 FY26 compared to the same quarter the previous year. The company reported a net profit after tax of INR 4,098.2 million for FY26, an increase of 87.8% from FY25. PNGJL expanded its store count to 78, with 12 new stores launched in Q4 FY26. The presentation emphasized the company's strategic focus on digital growth, e-commerce, and expanding its retail network across India, particularly in Tier 2 and Tier 3 cities. Management noted the successful launch of the LiteStyle brand aimed at younger consumers and highlighted the company's commitment to quality and customer service.

Management emphasized strong revenue growth and strategic expansion initiatives.

Sourced from an exchange-filed presentation, dated 14 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive16 Feb 2026
View source filing →

Key takeaway: P N Gadgil Jewellers Limited held its Q3 FY '26 earnings conference call on February 10, 2026, where management, led by Chairman and Managing Director Saurabh Gadgil, discussed the company's performance. The quarter saw gold prices rise over 70% year-over-year, yet consumer sentiment remained strong, particularly during festive seasons. The company launched three new stores, increasing its total to 66 across five states. Financial highlights included a 35.6% year-on-year increase in consolidated revenue to INR 3,302 crores, with net profit surging 98.6% to INR 170.9 crores. Management noted a significant increase in studded jewellery sales and plans to add 11-12 new stores in the upcoming quarter. The company aims for a total of 78-80 stores by March 2026 and expressed optimism about sustaining growth momentum, particularly during the ongoing wedding season. The call concluded with a Q&A session addressing various operational and financial queries.

Management highlighted strong financial performance and growth initiatives.

Sourced from an exchange-filed transcript, dated 16 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive09 Feb 2026
View source filing →

Key takeaway: P N Gadgil Jewellers Limited reported strong performance in its investor presentation for the quarter and nine months ended December 31, 2025. Revenue from operations increased by 35.6% year-over-year to ₹33,026 million, driven by robust demand during festive and wedding seasons, despite gold price volatility. Profit After Tax (PAT) rose significantly by 98.6% year-over-year to ₹1,709 million, attributed to a favorable product mix and disciplined cost management. The company expanded its retail footprint by adding three new stores, bringing the total to 66 stores. Management emphasized a focus on same-store sales growth and maintaining healthy inventory turns. The presentation highlighted the company's strategic positioning in the growing Indian jewellery market, with a commitment to quality and customer trust. Additionally, management noted the importance of e-commerce and franchise segments in driving growth.

Management highlighted strong revenue growth and profitability improvements.

Sourced from an exchange-filed presentation, dated 09 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2025-26118 pages

P N Gadgil Jewellers Limited (PNGJL) reported on its FY2025-26 performance, highlighting strategic expansion, market positioning, and governance. The company emphasized its legacy of 194 years, expanding its retail footprint across India and the U.S., with a focus on both Company-owned and franchise stores. It noted favorable industry trends, including rising disposable incomes and a shift toward organized retail. The report underscored PNGJL's commitment to corporate governance, transparency, and ESG principles, with a diverse and experienced board. Risks included global economic uncertainties, gold price volatility, and regulatory changes.

  • Expansion into new states and Tier 2/3 markets to capture growing jewellery spend
  • Diversified retail model combining Company-owned and franchise stores for scalable growth
  • Commitment to corporate governance, transparency, and ESG principles with a diverse board
  • Focus on product innovation, including lightweight diamond jewellery under the YOOU sub-brand
  • Strategic emphasis on digital and e-commerce channels to enhance customer engagement

Key takeaway: PNGJL is leveraging its legacy and strategic expansion into new markets, supported by a strong governance framework and product innovation, to capitalize on the growing organized jewellery sector in India.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 05 Sept 2026View source filing →

Governance disclosures

AI-generated

Needs attention

No item of a kind that needs attention was stored for this company.

Contingent Liability

2 occurrences

Recent (last 12 months)

Annual Report05 Sept 2026 (FY2025-26)· 5 passages
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The company has a contingent liability of INR 2.91 million related to a local body tax (LBT) demand from Panvel Municipal Corporation for the period 01/01/2017 to 31/03/2017. The company has paid INR 1.21 million and the remaining balance is treated as contingent liability with the matter sub judice.

Earlier (1-3 years ago)

Annual Report24 Jul 2025 (FY2024-25)· 4 passages
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The company has contingent liabilities related to local body tax (LBT) and income tax (IT) proceedings. For LBT, a demand of INR 41.17 lakhs was received, with INR 1.21 million paid and INR 2.91 million remaining as contingent liability. For IT penalty proceedings AY 2017-18, a demand of INR 22.79 million was issued, with 20% deposited, and 50% of the amount assumed as contingent liability.

Related-Party Transaction

1 occurrence

Earlier (1-3 years ago)

Annual Report24 Jul 2025 (FY2024-25)· 3 passages
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Mr. Amit Vaidya, a relative of Executive Director Mrs. Radhika Gadgil, is appointed as a senior management personnel and is considered a related party. His remuneration of ₹8.00 lakhs per month requires member approval as it exceeds ₹2,50,000 per month.

Statutory dues in dispute

1 occurrence

Recent (last 12 months)

Annual Report05 Sept 2026 (FY2025-26)Disputed tax/statutory dues under appeal, not a loan default
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The company has statutory dues disputes pending with Bombay Provisional Municipal Corporation Act and Income Tax Act, with amounts of 2.91 million and 22.6 million respectively, in the specified periods and forums.

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