D.P. Abhushan Ltd.

•

₹ 1,482.41.42%

2026-08-21

dpjewellers.comBSE: 544161NSE: DPABHUSHAN

Market Cap₹ 3,349 Cr.

Current Price₹ 1,462

High / Low₹ 1,670 / 866

Stock P/E81.7

Book Value—

Price to Book—

Dividend Yield0.00 %

ROCE25.4 %

ROE34.5 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2021 • Gems & Jewellery: 99.9% • Wind Mill: 0.1%

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 30.4%
Company has a healthy return on capital (ROCE) of 22.4%
Company generates healthy free cash flow
Company converts assets efficiently - asset turnover of 4.3x

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.06x)
Though reporting repeated profits, the company pays out little dividend (5.4%)

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

Peer comparison

EDIT COLUMNS

Consumer DurablesDiamond & JewelleryDiamond & Jewellery

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	TITAN	5064.00	78.05	449574.91	0.30	1777.00	62.88	21356.00	44.16	21.90	13.54
2.	KALYANKJIL	595.00	42.82	61448.68	0.42	348.67	32.03	10588.93	45.68	24.86	5.97
3.	THANGAMAYL	5507.70	0.00	17119.04	0.33	85.09	86.15	2666.38	71.44	26.62	5.43
4.	BLUESTONE	815.70	221.24	12459.77	0.00	59.61	271.56	7368.46	1395.59	9.24	14.50
5.	SKYGOLD	778.10	35.97	12050.74	0.00	104.90	140.67	2012.79	77.93	23.71	7.79
6.	PCJEWELLER	9.67	12.17	9430.31	0.00	221.88	37.02	877.04	20.99	6.61	27.54
7.	GOLDIAM	362.80	25.90	5462.21	0.57	73.97	120.06	326.03	41.92	25.11	20.33
8.	SENCO	331.65	9.52	5435.78	0.53	101.14	-3.35	3056.03	67.34	22.86	6.97
9.	VAIBHAVGBL	221.45	13.03	3711.89	2.71	563.83	1398.27	9170.73	1026.99	18.41	10.55
10.	DPABHUSHAN	1467.25	81.73	3349.43	0.00	9.65	16.55	439.67	-25.50	34.36	4.35
11.	SHRINGARMS	224.95	0.00	2169.24	0.00	34.00	19.26	548.49	64.90	31.85	8.92
12.	MOTISONS	16.58	0.00	1885.99	0.00	11.05	37.58	107.33	23.29	14.54	15.23

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022
	42	172	4,143	5,902	1,753	4,483	6,681	440
	37	163	4,025	5,792	1,696	4,337	6,471	421
Operating Profit	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—
Other Income	0	0	0	1	0	0	0	0
Interest	2	2	30	38	35	35	40	4
Depreciation	1	1	9	15	12	12	12	2
	4	10	118	110	57	146	211	13
Tax %	25.28%	25.20%	25.77%	24.75%	25.49%	25.54%	25.08%	27.74%
Net Profit	3	7	87	83	43	108	158	10
	0	0	4	4	2	5	7	4
Equity Capital	22	22	223	223	223	223	223	22
Reserves	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	22	22	223	223	223	223	223	22
Reserves	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2020

: 42
: 37
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 1
: 4
Tax %: 25.28%
Net Profit: 3
: 0
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2020

: 172
: 163
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 1
: 10
Tax %: 25.20%
Net Profit: 7
: 0
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2020

: 4,143
: 4,025
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 30
Depreciation: 9
: 118
Tax %: 25.77%
Net Profit: 87
: 4
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2021

: 5,902
: 5,792
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 38
Depreciation: 15
: 110
Tax %: 24.75%
Net Profit: 83
: 4
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2021

: 1,753
: 1,696
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 35
Depreciation: 12
: 57
Tax %: 25.49%
Net Profit: 43
: 2
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2021

: 4,483
: 4,337
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 35
Depreciation: 12
: 146
Tax %: 25.54%
Net Profit: 108
: 5
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2021

: 6,681
: 6,471
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 40
Depreciation: 12
: 211
Tax %: 25.08%
Net Profit: 158
: 7
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2022

: 440
: 421
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 4
Depreciation: 2
: 13
Tax %: 27.74%
Net Profit: 10
: 4
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	TTM
	809	1,218	1,731	1,731
	774	1,167	1,656	1,671
Operating Profit	35	51	75	—
OPM %	4	4	4	—
Other Income	0	0	0	0
Interest	10	11	15	15
Depreciation	3	4	5	5
	22	37	55	55
Tax %	25	25	26	26
Net Profit	17	27	41	41
EPS	0	12	18	—
Dividend Payout %	0	0	5	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	7	12	18	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	7	12	18	—

Mar 2020

: 809
: 774
Operating Profit: 35
OPM %: 4
Other Income: 0
Interest: 10
Depreciation: 3
: 22
Tax %: 25
Net Profit: 17
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7

Mar 2021

: 1,218
: 1,167
Operating Profit: 51
OPM %: 4
Other Income: 0
Interest: 11
Depreciation: 4
: 37
Tax %: 25
Net Profit: 27
EPS: 12
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12

Mar 2022

: 1,731
: 1,656
Operating Profit: 75
OPM %: 4
Other Income: 0
Interest: 15
Depreciation: 5
: 55
Tax %: 26
Net Profit: 41
EPS: 18
Dividend Payout %: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 18
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 18

TTM

: 1,731
: 1,671
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 15
Depreciation: 5
: 55
Tax %: 26
Net Profit: 41
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: 49%
3 Years:: 53%
1 Year:: -10%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 30%
Last Year:: 34%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022
LIABILITIES	-	-	-
Equity Capital	22	22	22
	47	75	116
	90	143	125
Trade Payables	58	78	61
	50	77	90
Total Liabilities	269	395	414
ASSETS	-	-	-
	30	42	50
Capital Work in Progress	1	0	0
	230	320	350
	0	0	0
Cash & Bank	2	11	5
	6	21	8
Total Assets	269	395	414
Total Debt	97	156	160
Net Working Capital	47	76	125
Contingent Liabilities	0	0	0
Book Value per Share	31.33	43.62	62.04
Face Value	10.00	10.00	10.00
Total Debt	97	156	160
Net Working Capital	47	76	125
Contingent Liabilities	0	0	0
Book Value per Share	31.33	43.62	62.04
Face Value	10.00	10.00	10.00

Mar 2020

Equity Capital: 22
: 47
: 90
Trade Payables: 58
: 50
Total Liabilities: 269
: 30
Capital Work in Progress: 1
: 230
: 0
Cash & Bank: 2
: 6
Total Assets: 269
Total Debt: 97
Net Working Capital: 47
Contingent Liabilities: 0
Book Value per Share: 31.33
Face Value: 10.00
Total Debt: 97
Net Working Capital: 47
Contingent Liabilities: 0
Book Value per Share: 31.33
Face Value: 10.00

Mar 2021

Equity Capital: 22
: 75
: 143
Trade Payables: 78
: 77
Total Liabilities: 395
: 42
Capital Work in Progress: 0
: 320
: 0
Cash & Bank: 11
: 21
Total Assets: 395
Total Debt: 156
Net Working Capital: 76
Contingent Liabilities: 0
Book Value per Share: 43.62
Face Value: 10.00
Total Debt: 156
Net Working Capital: 76
Contingent Liabilities: 0
Book Value per Share: 43.62
Face Value: 10.00

Mar 2022

Equity Capital: 22
: 116
: 125
Trade Payables: 61
: 90
Total Liabilities: 414
: 50
Capital Work in Progress: 0
: 350
: 0
Cash & Bank: 5
: 8
Total Assets: 414
Total Debt: 160
Net Working Capital: 125
Contingent Liabilities: 0
Book Value per Share: 62.04
Face Value: 10.00
Total Debt: 160
Net Working Capital: 125
Contingent Liabilities: 0
Book Value per Share: 62.04
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022
	7	-29	17
Cash from Investing	-2	-10	-5
Cash from Financing	-11	48	-18
	-5	9	-6
Free Cash Flow	7	-43	4
OCF / Net Profit	0.44	-1.07	0.41
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	0.44	-1.07	0.41
Cumulative 5-Year FCF	0	0	0

Mar 2020

: 7
Cash from Investing: -2
Cash from Financing: -11
: -5
Free Cash Flow: 7
OCF / Net Profit: 0.44
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.44
Cumulative 5-Year FCF: 0

Mar 2021

: -29
Cash from Investing: -10
Cash from Financing: 48
: 9
Free Cash Flow: -43
OCF / Net Profit: -1.07
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.07
Cumulative 5-Year FCF: 0

Mar 2022

: 17
Cash from Investing: -5
Cash from Financing: -18
: -6
Free Cash Flow: 4
OCF / Net Profit: 0.41
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.41
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022
PER SHARE	-	-	-
EPS (₹)	7.49	12.31	18.41
Book Value (₹)	31.33	43.62	62.04
Dividend per Share (₹)	0.00	0.00	1.00
Cash EPS (₹)	8.84	14.09	20.67
PROFITABILITY	-	-	-
Operating Margin %	4.30%	4.22%	4.36%
Net Margin %	2.06%	2.25%	2.34%
ROE %	23.92%	32.86%	34.48%
ROCE %	19.05%	22.60%	25.43%
	6.21%	8.26%	10.02%
EFFICIENCY	-	-	-
Debtor Days	0	1	1
Inventory Days	104	82	71
Payable Days	29	22	16
	76	61	56
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	1.39x	1.61x	1.16x
Interest Coverage (x)	3.33x	4.39x	4.57x
	1.25x	1.28x	1.52x
GROWTH	-	-	-
Revenue Growth %	0.00%	50.65%	42.13%
Operating Profit Growth %	0.00%	47.81%	46.83%
Net Profit Growth %	0.00%	64.31%	47.93%
	0.00%	0.00%	0.00%
VALUATION	-	-	-
P/E (x)	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x
Dividend Yield %	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x

Mar 2020

EPS (₹): 7.49
Book Value (₹): 31.33
Dividend per Share (₹): 0.00
Cash EPS (₹): 8.84
Operating Margin %: 4.30%
Net Margin %: 2.06%
ROE %: 23.92%
ROCE %: 19.05%
: 6.21%
Debtor Days: 0
Inventory Days: 104
Payable Days: 29
: 76
Debt to Equity (x): 1.39x
Interest Coverage (x): 3.33x
: 1.25x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 12.31
Book Value (₹): 43.62
Dividend per Share (₹): 0.00
Cash EPS (₹): 14.09
Operating Margin %: 4.22%
Net Margin %: 2.25%
ROE %: 32.86%
ROCE %: 22.60%
: 8.26%
Debtor Days: 1
Inventory Days: 82
Payable Days: 22
: 61
Debt to Equity (x): 1.61x
Interest Coverage (x): 4.39x
: 1.28x
Revenue Growth %: 50.65%
Operating Profit Growth %: 47.81%
Net Profit Growth %: 64.31%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 18.41
Book Value (₹): 62.04
Dividend per Share (₹): 1.00
Cash EPS (₹): 20.67
Operating Margin %: 4.36%
Net Margin %: 2.34%
ROE %: 34.48%
ROCE %: 25.43%
: 10.02%
Debtor Days: 1
Inventory Days: 71
Payable Days: 16
: 56
Debt to Equity (x): 1.16x
Interest Coverage (x): 4.57x
: 1.52x
Revenue Growth %: 42.13%
Operating Profit Growth %: 46.83%
Net Profit Growth %: 47.93%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	75.00	73.82	73.82	74.99	74.99	74.88	74.88	74.89	74.89
	0.06	0.13	0.20	0.20	0.21	0.23	0.22	0.32	0.23
	0.00	0.00	0.05	0.05	0.01	0.01	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	24.94	26.05	25.93	24.76	24.78	24.89	24.89	24.79	24.88

Jun 2024

: 75.00
: 0.06
: 0.00
Government: 0.00
: 24.94

Sep 2024

: 73.82
: 0.13
: 0.00
Government: 0.00
: 26.05

Dec 2024

: 73.82
: 0.20
: 0.05
Government: 0.00
: 25.93

Mar 2025

: 74.99
: 0.20
: 0.05
Government: 0.00
: 24.76

Jun 2025

: 74.99
: 0.21
: 0.01
Government: 0.00
: 24.78

Sep 2025

: 74.88
: 0.23
: 0.01
Government: 0.00
: 24.89

Dec 2025

: 74.88
: 0.22
: 0.00
Government: 0.00
: 24.89

Mar 2026

: 74.89
: 0.32
: 0.00
Government: 0.00
: 24.79

Jun 2026

: 74.89
: 0.23
: 0.00
Government: 0.00
: 24.88

Documents

Announcements

General Updates
2026-08-17 - D. P. Abhushan Limited announces a new showroom under its brand name "D.P. Jewellers" at Jodhpur, Rajasthan under the COCO Model.
Outcome of Board Meeting
2026-08-05 - D. P. Abhushan Limited has informed the Exchange regarding Outcome of Board Meeting held on August 05, 2026 to change the address at which the books of account are to be maintained

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Jul 2026
Transcript PPTREC
May 2026
Transcript PPTREC
Jan 2026
Transcript PPTREC