Manoj Vaibhav Gems 'N' Jewellers Ltd.

•

₹ 149.61.88%

2026-08-21

vaibhavjewellers.comBSE: 543995NSE: MVGJL

Market Cap₹ 724 Cr.

Current Price₹ 147

High / Low₹ 215 / 129

Stock P/E63.1

Book Value—

Price to Book—

Dividend Yield0.00 %

ROCE13.3 %

ROE9.0 %

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% • Diamond: 3.1% • Stones: 1.9% • Platinum Ornaments: 0.0% • Others: 0.0% • Service income: 0.0%

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.65x)
Company generates healthy free cash flow
Company converts assets efficiently - asset turnover of 2.2x

CONS

Company has a high debt-to-equity of 2.03x
Interest coverage is weak at 1.6x - earnings barely cover interest
Company has a low return on equity of 9.8% over last 3 years
Though reporting repeated profits, the company pays out little dividend (0.0%)
Inventory has been piling up - inventory days up from 88 to 124

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

Peer comparison

EDIT COLUMNS

Oil Gas & Consumable FuelsTradingTrading

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.	ADANIENT	2979.00	54.17	403273.96	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	AEGISLOG	1363.65	38.25	47864.12	0.64	544.84	210.70	2356.86	37.07	19.76	30.28
3.	PREMIERENE	1008.00	27.48	45758.31	0.10	471.92	53.32	2462.59	35.25	41.97	29.03
4.	CPPLUS	3307.45	81.98	39127.28	0.05	142.20	332.51	1402.42	89.51	29.48	14.52
5.	REDINGTON	334.90	15.39	26181.63	1.79	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	476.90	62.48	15548.09	0.63	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	78.59	106.84	11997.17	0.19	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	805.80	81.69	10155.92	0.00	455.80	1310.71	13085.70	1044.08	11.45	4.49
9.	MMTC	62.10	20.82	9315.00	0.00	104.24	135.52	0.68	-50.00	6.90	-1423.53
10.	CELLO	358.45	25.31	7917.62	0.42	73.40	-8.99	526.72	-0.43	17.15	18.80
11.	EBGNG	588.80	47.13	6713.00	0.00	289.30	1462.10	4124.61	1220.81	20.14	11.97
12.	MVGJL	148.30	63.12	724.41	0.00	275.70	1239.00	7139.10	1200.52	16.52	6.25

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017
	798	915	1,231	1,046
	758	871	1,180	990
Operating Profit	40	45	52	57
OPM %	5	5	4	5
Other Income	1	1	1	1
Interest	21	25	31	32
Depreciation	2	3	4	5
	16	18	17	20
Tax %	32	31	41	43
Net Profit	11	13	10	11
EPS	12	13	10	12
Dividend Payout %	0	0	0	0
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	3	3	3	3
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	3	3	3	3

Mar 2014

: 798
: 758
Operating Profit: 40
OPM %: 5
Other Income: 1
Interest: 21
Depreciation: 2
: 16
Tax %: 32
Net Profit: 11
EPS: 12
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2015

: 915
: 871
Operating Profit: 45
OPM %: 5
Other Income: 1
Interest: 25
Depreciation: 3
: 18
Tax %: 31
Net Profit: 13
EPS: 13
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2016

: 1,231
: 1,180
Operating Profit: 52
OPM %: 4
Other Income: 1
Interest: 31
Depreciation: 4
: 17
Tax %: 41
Net Profit: 10
EPS: 10
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2017

: 1,046
: 990
Operating Profit: 57
OPM %: 5
Other Income: 1
Interest: 32
Depreciation: 5
: 20
Tax %: 43
Net Profit: 11
EPS: 12
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 9%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 1%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -29%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 10%
Last Year:: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017
LIABILITIES	-	-	-	-
Equity Capital	10	10	10	10
	90	102	112	124
	176	210	220	236
Trade Payables	4	6	31	92
	59	66	64	64
Total Liabilities	339	394	436	525
ASSETS	-	-	-	-
	42	55	54	59
Capital Work in Progress	32	29	33	33
	215	282	312	397
	0	0	0	0
Cash & Bank	10	5	12	14
	39	22	25	22
Total Assets	339	394	436	525
Total Debt	210	250	258	271
Net Working Capital	58	68	74	79
Contingent Liabilities	0	0	0	0
Book Value per Share	102.55	114.57	124.93	136.68
Face Value	10.00	10.00	10.00	10.00
Total Debt	210	250	258	271
Net Working Capital	58	68	74	79
Contingent Liabilities	0	0	0	0
Book Value per Share	102.55	114.57	124.93	136.68
Face Value	10.00	10.00	10.00	10.00

Mar 2014

Equity Capital: 10
: 90
: 176
Trade Payables: 4
: 59
Total Liabilities: 339
: 42
Capital Work in Progress: 32
: 215
: 0
Cash & Bank: 10
: 39
Total Assets: 339
Total Debt: 210
Net Working Capital: 58
Contingent Liabilities: 0
Book Value per Share: 102.55
Face Value: 10.00
Total Debt: 210
Net Working Capital: 58
Contingent Liabilities: 0
Book Value per Share: 102.55
Face Value: 10.00

Mar 2015

Equity Capital: 10
: 102
: 210
Trade Payables: 6
: 66
Total Liabilities: 394
: 55
Capital Work in Progress: 29
: 282
: 0
Cash & Bank: 5
: 22
Total Assets: 394
Total Debt: 250
Net Working Capital: 68
Contingent Liabilities: 0
Book Value per Share: 114.57
Face Value: 10.00
Total Debt: 250
Net Working Capital: 68
Contingent Liabilities: 0
Book Value per Share: 114.57
Face Value: 10.00

Mar 2016

Equity Capital: 10
: 112
: 220
Trade Payables: 31
: 64
Total Liabilities: 436
: 54
Capital Work in Progress: 33
: 312
: 0
Cash & Bank: 12
: 25
Total Assets: 436
Total Debt: 258
Net Working Capital: 74
Contingent Liabilities: 0
Book Value per Share: 124.93
Face Value: 10.00
Total Debt: 258
Net Working Capital: 74
Contingent Liabilities: 0
Book Value per Share: 124.93
Face Value: 10.00

Mar 2017

Equity Capital: 10
: 124
: 236
Trade Payables: 92
: 64
Total Liabilities: 525
: 59
Capital Work in Progress: 33
: 397
: 0
Cash & Bank: 14
: 22
Total Assets: 525
Total Debt: 271
Net Working Capital: 79
Contingent Liabilities: 0
Book Value per Share: 136.68
Face Value: 10.00
Total Debt: 271
Net Working Capital: 79
Contingent Liabilities: 0
Book Value per Share: 136.68
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017
	-60	-7	35	29
Cash from Investing	3	-10	-11	-11
Cash from Financing	57	15	-22	-18
	-0	-3	2	1
Free Cash Flow	-60	-20	28	19
OCF / Net Profit	-5.41	-0.59	3.44	2.54
Cumulative 5-Year FCF	0	0	0	0
OCF / Net Profit	-5.41	-0.59	3.44	2.54
Cumulative 5-Year FCF	0	0	0	0

Mar 2014

: -60
Cash from Investing: 3
Cash from Financing: 57
: -0
Free Cash Flow: -60
OCF / Net Profit: -5.41
Cumulative 5-Year FCF: 0
OCF / Net Profit: -5.41
Cumulative 5-Year FCF: 0

Mar 2015

: -7
Cash from Investing: -10
Cash from Financing: 15
: -3
Free Cash Flow: -20
OCF / Net Profit: -0.59
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.59
Cumulative 5-Year FCF: 0

Mar 2016

: 35
Cash from Investing: -11
Cash from Financing: -22
: 2
Free Cash Flow: 28
OCF / Net Profit: 3.44
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.44
Cumulative 5-Year FCF: 0

Mar 2017

: 29
Cash from Investing: -11
Cash from Financing: -18
: 1
Free Cash Flow: 19
OCF / Net Profit: 2.54
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.54
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017
PER SHARE	-	-	-	-
EPS (₹)	11.40	12.89	10.36	11.75
Book Value (₹)	102.55	114.57	124.93	136.68
Dividend per Share (₹)	0.00	0.00	0.00	0.00
Cash EPS (₹)	3.36	3.88	3.67	4.16
PROFITABILITY	-	-	-	-
Operating Margin %	5.06%	4.96%	4.23%	5.44%
Net Margin %	1.40%	1.38%	0.82%	1.10%
ROE %	11.12%	11.88%	8.65%	8.98%
ROCE %	12.16%	12.75%	12.89%	13.28%
	3.29%	3.44%	2.44%	2.39%
EFFICIENCY	-	-	-	-
Debtor Days	8	5	1	2
Inventory Days	98	99	88	124
Payable Days	2	2	6	24
	105	102	84	101
FINANCIAL HEALTH	-	-	-	-
Debt to Equity (x)	2.10x	2.23x	2.12x	2.03x
Interest Coverage (x)	1.77x	1.74x	1.56x	1.63x
	1.29x	1.29x	1.27x	1.23x
GROWTH	-	-	-	-
Revenue Growth %	0.00%	14.75%	34.51%	-15.00%
Operating Profit Growth %	0.00%	12.52%	14.69%	9.44%
Net Profit Growth %	0.00%	13.07%	-19.63%	13.35%
	0.00%	0.00%	0.00%	0.00%
VALUATION	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x

Mar 2014

EPS (₹): 11.40
Book Value (₹): 102.55
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.36
Operating Margin %: 5.06%
Net Margin %: 1.40%
ROE %: 11.12%
ROCE %: 12.16%
: 3.29%
Debtor Days: 8
Inventory Days: 98
Payable Days: 2
: 105
Debt to Equity (x): 2.10x
Interest Coverage (x): 1.77x
: 1.29x
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 2015

EPS (₹): 12.89
Book Value (₹): 114.57
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.88
Operating Margin %: 4.96%
Net Margin %: 1.38%
ROE %: 11.88%
ROCE %: 12.75%
: 3.44%
Debtor Days: 5
Inventory Days: 99
Payable Days: 2
: 102
Debt to Equity (x): 2.23x
Interest Coverage (x): 1.74x
: 1.29x
Revenue Growth %: 14.75%
Operating Profit Growth %: 12.52%
Net Profit Growth %: 13.07%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2016

EPS (₹): 10.36
Book Value (₹): 124.93
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.67
Operating Margin %: 4.23%
Net Margin %: 0.82%
ROE %: 8.65%
ROCE %: 12.89%
: 2.44%
Debtor Days: 1
Inventory Days: 88
Payable Days: 6
: 84
Debt to Equity (x): 2.12x
Interest Coverage (x): 1.56x
: 1.27x
Revenue Growth %: 34.51%
Operating Profit Growth %: 14.69%
Net Profit Growth %: -19.63%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 11.75
Book Value (₹): 136.68
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.16
Operating Margin %: 5.44%
Net Margin %: 1.10%
ROE %: 8.98%
ROCE %: 13.28%
: 2.39%
Debtor Days: 2
Inventory Days: 124
Payable Days: 24
: 101
Debt to Equity (x): 2.03x
Interest Coverage (x): 1.63x
: 1.23x
Revenue Growth %: -15.00%
Operating Profit Growth %: 9.44%
Net Profit Growth %: 13.35%
: 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
	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

Jun 2024

: 74.27
: 7.96
: 1.23
Government: 0.00
: 16.54

Sep 2024

: 74.27
: 2.86
: 1.16
Government: 0.00
: 21.71

Dec 2024

: 74.27
: 1.75
: 1.16
Government: 0.00
: 22.82

Mar 2025

: 74.27
: 0.69
: 1.11
Government: 0.00
: 23.93

Jun 2025

: 74.27
: 0.77
: 1.11
Government: 0.00
: 23.85

Sep 2025

: 74.27
: 0.60
: 1.11
Government: 0.00
: 24.02

Dec 2025

: 74.27
: 0.60
: 1.11
Government: 0.00
: 24.02

Mar 2026

: 74.27
: 0.60
: 1.11
Government: 0.00
: 24.02

Jun 2026

: 74.27
: 0.64
: 1.02
Government: 0.00
: 24.06

Documents

Announcements

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

Annual Reports

Annual Report FY2025
2025
Annual Report FY2024
2024

Credit Ratings

Credit Rating
2026-07-10 - Manoj Vaibhav Gems N Jewellers Limited has informed the Exchange about Credit Rating

Concalls

Jun 2025
Transcript PPTREC
Mar 2025
Transcript PPTREC