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PN Gadgil Jewellers

B+Hold / Watchlist
PNGJL · NSE · Small Cap · Modern Trade — Specialty
Modern Trade — Specialty
Fetching live…
720
1D 0.3%1M 2.0%1Y 10%
Fundamental (RQ-100)
57
Technical (TQ-100)
49
Valuation
47
Market cap
₹9.5K Cr
Live decision ratingBHold
Fundamental score breakdown
57/100
Growth Quality
18.8 / 20
Rev 1Y 28.0%, 3Y CAGR 32.0%, 5Y CAGR 26.0%
Margin & Profitability
4.5 / 15
EBITDA 6.0%, PAT 2.8%
Return on Capital
13.0 / 20
ROCE 16.0%, ROE 18.0%
Cash Flow Quality
4.0 / 15
OCF/EBITDA 0.55
Leverage
6.0 / 10
ND/EBITDA 1.50
Reinvestment
3.0 / 8
Capex/Sales 1.5%
Accounting
4.0 / 7
Governance
4.0 / 5
Technical score breakdown
49/100
Trend Structure
8.0 / 20
↓ 200 · ↓ 50 · ↓ 20
Momentum
8.0 / 15
1Y 10.0%, 1M 2.0%
Volume Dynamics
8.0 / 15
Vol30 —%
Relative Strength
10.0 / 15
1Y 10.0%
MA Cluster
5.0 / 10
Extension
5.0 / 10
—% from 50DMA
Volatility
4.0 / 8
Price Action
1.0 / 7
-100.0% from 52W H

Business

What this company actually does

Maharashtra-anchored jewellery chain. 2024 IPO.

Stores
55
Dark stores
Cities
Listed status
Listed

Format exposure

How direct is this play?

Primary formatModern Trade — Specialty
Exposure typeDominant
Revenue visibilityMedium
Operating leverage stageInvestment
Policy beneficiaryNone
Data confidenceMedium

Financial snapshot

Live · green dot = live, falls back to curated

Revenue
₹7.8K Cr
Rev 1Y growth
28%
Rev 3Y CAGR
32%
EBITDA margin
6.0%
PAT margin
2.8%
ROE
18%
ROCE
16%
OCF/EBITDA
0.55
Net Debt/EBITDA
1.5

Financial statements

Multi-year P&L, balance sheet, cash flow — scraped live from Screener.in

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Valuation

Live multiples + retail-specific (curated)

P/E
55
Forward P/E
47
EV/EBITDA
28
EV/Sales
1.4
P/B
5.0
FCF Yield
2.1%

Mid-range valuation. Watch incremental ROCE.

Investment thesis

AI-generated · always cite sources before acting

Bull
Compounding revenue at 32% CAGR. Long-runway TAM with structural tailwinds.
Base
Earnings growth of ~35% over the next 3 years assuming margins hold. Multiple compression risk if growth slows; multiple expansion possible if Modern Trade — Specialty GMV outperforms.
Bear
Format-level risk: regulation, gig-cess, or competitive pressure compress contribution margin.
Variant perception
Consensus views PN Gadgil Jewellers as a decent operator. Our differentiated take: the current multiple already prices in mid-cycle outcomes.
Key monitorables
  • Quarterly EBITDA margin trajectory
  • Revenue growth vs management guidance
  • Capex vs store/dark-store adds
  • Promoter holding and ESOP dilution