Manoj Vaibhav Gems 'N' Jewellers Ltd.

•

vaibhavjewellers.comBSE: 543995NSE: MVGJL

Market Cap₹ 959 Cr.

Current Price

High / Low₹ 234 / 129

Stock P/E7.9

Book Value₹ 176

Price to Book0.78

Dividend Yield0.00 %

ROCE16.3 %

ROE14.8 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Gold Ornaments: 78.3% • Gold (Exchange Gold): 13.2% • Silver Articles: 3.4%

AI Sector View

AI GENERATED

Oil Gas & Consumable Fuels

Reduce

Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.

Confidence

78%

View full sector analysis →

PROS

Company has delivered good profit growth of 40.9% CAGR over last 5 years
Latest quarter profit grew 33.9% YoY, showing strong momentum
Company generates healthy free cash flow
Attractively priced for its growth - PEG of 0.5
Stock looks reasonably valued - P/E of 7.9 is below its historical median

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.06x)
Equity base is being diluted - shares outstanding up 25.0%
Growth is decelerating - 3Y profit CAGR (17.1%) trails the 5Y trend (40.9%)
Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Oil Gas & Consumable FuelsTradingTrading

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ADANIENT	3057.10	55.59	413846.54	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	AEGISLOG	1353.10	37.96	47493.81	0.64	544.84	210.70	2356.86	37.07	19.76	30.28
3.	CPPLUS	3830.15	94.94	45310.84	0.04	142.20	332.51	1402.42	89.51	29.48	14.52
4.	PREMIERENE	974.55	26.57	44239.84	0.10	471.92	53.32	2462.59	35.25	33.72	29.03
5.	REDINGTON	393.65	18.09	30774.55	1.52	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	470.95	61.70	15354.11	0.64	90.45	118.87	755.95	27.00	20.87	14.58
7.	LLOYDSENT	69.79	94.88	10653.81	0.21	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	751.25	76.16	9468.39	0.00	455.80	1310.71	13085.70	1044.08	10.43	4.49
9.	MMTC	61.96	20.78	9294.00	0.00	104.24	135.52	0.68	-50.00	33.46	-1423.53
10.	ENTERO	1819.35	63.14	7918.37	0.00	52.05	72.17	1940.50	38.23	10.93	5.00
11.	EBGNG	683.00	54.67	7786.99	0.00	28.93	56.21	412.46	32.08	20.58	11.97
12.	MVGJL	196.35	83.57	959.12	0.00	275.70	1239.00	7139.10	1200.52	16.28	6.25

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	509	619	475	546	539	642	498	705	549	756	685	754	714
	472	577	441	510	502	598	460	659	512	700	630	716	682
Operating Profit	37	42	34	37	37	44	38	46	37	55	54	38	32
OPM %	7.34%	6.80%	7.17%	6.72%	6.87%	6.91%	7.54%	6.47%	6.81%	7.33%	7.93%	5.05%	4.41%
	1	1	5	5	4	4	4	2	2	2	0	10	-2
Interest	11	11	11	11	10	10	10	10	9	9	8	9	11
Depreciation	2	2	2	2	2	2	2	2	2	3	2	2	2
Profit before Tax	26	30	25	28	29	36	29	36	28	45	44	37	37
Tax %	25.57%	25.58%	24.17%	26.67%	24.96%	25.32%	12.27%	26.06%	25.51%	29.74%	20.98%	24.83%	25.02%
Net Profit	19	22	19	21	22	27	25	27	21	32	34	28	28
	4.92	5.66	3.88	4.21	4.46	5.46	5.17	5.48	4.22	6.50	7.06	5.76	5.64

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,044	1,320	1,247	1,279	1,434	1,694	2,027	2,150	2,384	2,744	2,909
	990	1,256	1,164	1,199	1,352	1,586	1,880	1,995	2,215	2,555	2,730
Operating Profit	53	64	84	80	81	108	147	155	169	189	179
OPM %	5.11%	4.87%	6.71%	6.26%	5.66%	6.38%	7.25%	7.19%	7.09%	6.90%	6.17%
	4	5	6	5	-2	4	4	11	13	14	10
Interest	30	35	35	41	43	45	47	49	45	40	37
Depreciation	5	7	7	7	9	9	9	8	8	10	10
Profit before Tax	22	28	48	37	28	58	96	109	130	154	163
Tax %	38.88%	36.03%	35.90%	26.55%	25.48%	25.22%	25.29%	25.53%	22.55%	25.30%	25.20%
Net Profit	14	18	31	27	21	44	72	81	100	115	122
EPS	13.98	22.30	30.37	27.50	5.31	11.18	18.32	16.57	20.56	23.54	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 8%
5 Years:: 14%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: 25%
5 Years:: 41%
3 Years:: 17%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 1%

RETURN ON EQUITY

10 Years:: 15%
5 Years:: 17%
3 Years:: 16%
Last Year:: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10	10	10	10	10	10	39	49	49	49
	125	143	174	201	219	263	305	569	670	785
	309	384	413	420	486	500	482	403	374	481
Trade Payables	49	48	57	101	59	89	38	100	141	168
	24	25	30	43	28	36	210	275	264	377
Total Liabilities	516	611	684	775	802	897	1,075	1,396	1,497	1,859
	44	48	60	54	73	68	63	58	69	63
Capital Work in Progress	4	12	13	17	7	3	1	1	0	1
	21	9	9	20	0	0	0	0	0	0
	397	486	515	633	641	767	934	1,081	1,317	1,610
	0	0	0	0	0	0	0	27	30	32
Cash & Bank	36	40	41	24	25	9	17	176	30	109
	14	16	45	26	57	50	60	54	52	44
Total Assets	516	611	684	775	802	897	1,075	1,396	1,497	1,859

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	12	-22	33	45	10	24	95	60	-67	28
Cash from Investing	-32	3	-8	-6	11	1	-4	-126	127	2
Cash from Financing	31	44	1	-31	4	-26	-59	94	-76	55
	1	11	11	-9	4	-15	7	28	-16	83

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.27	74.27	74.27	74.27	74.27	74.27	74.27	74.27	74.27
	7.96	2.86	1.75	0.69	0.77	0.60	0.60	0.60	0.64
	1.23	1.16	1.16	1.11	1.11	1.11	1.11	1.11	1.02
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	16.54	21.71	22.82	23.93	23.85	24.02	24.02	24.02	24.06

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Price movement

2026-09-08 - Significant movement in price has been observed in Manoj Vaibhav Gems N Jewellers Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Manoj Vaibhav Gems N Jewellers Limited has submitted their response.

2026-09-08

Price movement

2026-09-08 - Significant movement in price has been observed in Manoj Vaibhav Gems N Jewellers Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-09-02

General Updates

2026-09-02 - Manoj Vaibhav Gems N Jewellers Limited has informed the Intimation of dispatch of letter containing web link of Annual Report to shareholders whose email address is not registered.

2026-09-02

Copy of Newspaper Publication

2026-09-02 - Manoj Vaibhav Gems N Jewellers Limited has informed the Exchange about Copy of Post AGM Notice Newspaper Publication

2026-08-31

Copy of Newspaper Publication

2026-08-31 - Manoj Vaibhav Gems N Jewellers Limited has informed the Exchange about Copy of Pre AGM Notice Newspaper Publication

2026-08-10

Change in Management

2026-08-10 - Manoj Vaibhav Gems N Jewellers Limited has informed the Exchange about change in Management

2026-08-10

Outcome of Board Meeting

2026-08-10 - Manoj Vaibhav Gems N Jewellers Limited has informed the Exchange regarding Outcome of Board Meeting held on August 10, 2026.

2026-08-10

Outcome of Board Meeting

2026-08-10 - Outcome of Board Meeting

2026-07-13

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-13 - Manoj Vaibhav Gems N Jewellers Limited has informed the Exchange about Certificate under regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018

News

Recent coverage and analyst commentary for MVGJL

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Manoj Vaibhav Gems 'N' Jewellers Ltd.

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Name

ADANIENT

3057.10

55.59

413846.54

0.04

-1461.54

-249.67

32923.98

49.92

13.30

15.57

AEGISLOG

1353.10

37.96

47493.81

0.64

544.84

210.70

2356.86

37.07

19.76

30.28

CPPLUS

3830.15

94.94

45310.84

0.04

142.20

332.51

1402.42

89.51

29.48

14.52

PREMIERENE

974.55

26.57

44239.84

0.10

471.92

53.32

2462.59

35.25

33.72

29.03

REDINGTON

393.65

18.09

30774.55

1.52

453.49

94.65

34922.47

34.57

18.96

2.03

HONASA

470.95

61.70

15354.11

0.64

90.45

118.87

755.95

27.00

20.87

14.58

LLOYDSENT

69.79

94.88

10653.81

0.21

109.98

-55.77

563.03

70.15

12.84

18.07

SGMART

751.25

76.16

9468.39

0.00

455.80

1310.71

13085.70

1044.08

10.43

4.49

MMTC

61.96

20.78

9294.00

0.00

104.24

135.52

0.68

-50.00

33.46

-1423.53

ENTERO

1819.35

63.14

7918.37

0.00

52.05

72.17

1940.50

38.23

10.93

5.00

EBGNG

683.00

54.67

7786.99

0.00

28.93

56.21

412.46

32.08

20.58

11.97

MVGJL

196.35

83.57

959.12

0.00

275.70

1239.00

7139.10

1200.52

16.28

6.25

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

509

619

475

546

539

642

498

705

549

756

685

754

714

472

577

441

510

502

598

460

659

512

700

630

716

682

Operating Profit

OPM %

7.34%

6.80%

7.17%

6.72%

6.87%

6.91%

7.54%

6.47%

6.81%

7.33%

7.93%

5.05%

4.41%

-2

Interest

Depreciation

Profit before Tax

Tax %

25.57%

25.58%

24.17%

26.67%

24.96%

25.32%

12.27%

26.06%

25.51%

29.74%

20.98%

24.83%

25.02%

Net Profit

4.92

5.66

3.88

4.21

4.46

5.46

5.17

5.48

4.22

6.50

7.06

5.76

5.64

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,044

1,320

1,247

1,279

1,434

1,694

2,027

2,150

2,384

2,744

2,909

990

1,256

1,164

1,199

1,352

1,586

1,880

1,995

2,215

2,555

2,730

Operating Profit

108

147

155

169

189

179

OPM %

5.11%

4.87%

6.71%

6.26%

5.66%

6.38%

7.25%

7.19%

7.09%

6.90%

6.17%

-2

Interest

Depreciation

Profit before Tax

109

130

154

163

Tax %

38.88%

36.03%

35.90%

26.55%

25.48%

25.22%

25.29%

25.53%

22.55%

25.30%

25.20%

Net Profit

100

115

122

EPS

13.98

22.30

30.37

27.50

5.31

11.18

18.32

16.57

20.56

23.54

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

125

143

174

201

219

263

305

569

670

785

309

384

413

420

486

500

482

403

374

481

Trade Payables

101

100

141

168

210

275

264

377

Total Liabilities

516

611

684

775

802

897

1,075

1,396

1,497

1,859

Capital Work in Progress

397

486

515

633

641

767

934

1,081

1,317

1,610

Cash & Bank

176

109

Total Assets

516

611

684

775

802

897

1,075

1,396

1,497

1,859

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-22

-67

Cash from Investing

-32

-8

-6

-4

-126

127

Cash from Financing

-31

-26

-59

-76

-9

-15

-16

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.27

7.96

2.86

1.75

0.69

0.77

0.60

0.64

1.23

1.16

1.11

1.02

Government

0.00

16.54

21.71

22.82

23.93

23.85

24.02

24.06

Manoj Vaibhav Gems 'N' Jewellers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Manoj Vaibhav Gems 'N' Jewellers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI