Manoj Vaibhav Gems N Jewellers Ltd
NSE: MVGJL BSE: 543995Retail
Incorporated in 2003, Manoj Vaibhav Gems ‘N’ Jewellers Ltd is in the retail business of Jewellery[1]
₹153
52W: ₹128 — ₹281
PE 6.52 · Book ₹158 · -3% vs bookMarket Cap₹750 Cr
Stock P/E6.52Price to Earnings
ROCE15.8%Return on Capital
ROE15%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Stock is trading at 0.96 times its book value
- +Company has delivered good profit growth of 32.6% CAGR over last 5 years
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
Shareholding Pattern
Promoters74.28%
FIIs0.6%
DIIs1.11%
Public24.01%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.28% | 74.28% | 74.28% | 74.28% | 74.28% | 74.28% | 74.28% | 74.28% |
| FIIs | 7.96% | 2.86%▼5.1 | 1.75%▼1.1 | 0.69%▼1.1 | 0.77%▲0.1 | 0.6%▼0.2 | 0.6% | 0.6% |
| DIIs | 1.23% | 1.16%▼0.1 | 1.16% | 1.11%▼0.0 | 1.11% | 1.11% | 1.11% | 1.11% |
| Public | 16.54% | 21.71%▲5.2 | 22.83%▲1.1 | 23.93%▲1.1 | 23.86%▼0.1 | 24.02%▲0.2 | 24.02% | 24.01%▼0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 619 | 475 | 546 | 539 | 642 | 498 | 705 | 549 | 756 | 685 |
| Expenses | 577 | 441 | 510 | 502 | 598 | 460 | 659 | 512 | 700 | 630 |
| Operating Profit | 42 | 34 | 37 | 37 | 44 | 38 | 46 | 37 | 55 | 54 |
| OPM % | 7% | 7% | 7% | 7% | 7% | 8% | 6% | 7% | 7% | 8% |
| Net Profit | 22 | 19 | 21 | 22 | 27 | 25 | 27 | 21 | 32 | 34 |
| EPS ₹ | 4.54 | 3.88 | 4.21 | 4.46 | 5.46 | 5.17 | 5.47 | 4.22 | 6.5 | 7.06 |
AI Insights
Revenue Trend
TTM revenue at ₹2,695Cr, up 13.1% YoY. OPM at 7%.
Debt Position
Borrowings at ₹410Cr. Debt-to-equity ratio: 0.57x. Moderate leverage.
Institutional Flow
DIIs: 1.11% (-1.49pp change). FIIs: 0.6% (-8.17pp change). Promoters hold 74.28%.
Margin & Efficiency
ROCE improving from 0% (Mar 2020) to 16% (Mar 2025). Working capital days: 97.
Valuation
PE 6.52x with 15.8% ROCE. Price is -3% above book value of ₹158. Dividend yield: 0%.
Recent Announcements
- Board Meeting Intimation for Considering And Approving The Audited Financial Results For The 4Th Quarter And Year Ended March 31, 2026. 14 May - Board meeting on May 22, 2026 to approve audited results for quarter and year ended March 31, 2026.
- Intimation Of Opening Of A New Jewellery Store At Chandanagar, Hyderabad. 20 Apr - Company inaugurated a new Vaibhav Jewellers store in Chandanagar, Hyderabad on April 20, 2026.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the 4th quarter ended March 31, 2026.
- Closure of Trading Window 28 Mar - Trading window closed from April 1, 2026 until 48 hours after audited FY2025-26 results.
- Announcement Under Regulation 30 Of LODR Regulations 23 Mar - Board approved franchise with M/s Gontla Trading LLP for two Visakhapatnam stores; FY2026-27 sales ₹180cr, purchases ₹20cr.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Rating update 7 Jul 2025 from icra