What the business is, and whether it's a good one at a fair price.
Retails gold, silver and studded jewellery through a chain of branded showrooms concentrated in Tier 2 and Tier 3 cities of Andhra Pradesh and Telangana, with the showroom count reaching 21 at the end of FY25 after six additions during that year. The core offering is gold jewellery, while silver is being expanded via a planned rollout of ~10 standalone silver showrooms in FY26, alongside a 6,000+ sq ft premium 'Vicesha' boutique targeted at HNI buyers; studded and jewellery-exchange pieces now account for 13% of sales, up from 10% previously. Revenue scaled to ₹2,744.03 cr in FY26 from ₹2,384.02 cr in FY25, with PAT at ₹114.98 cr and EBITDA margin at 7.25%. Materials — primarily bullion — are the dominant cost at 69.7% of revenue, and working capital is funded by ₹511 cr of bank facilities spread across six lenders; inventories stood at ₹1,610 cr in FY26, up from ₹1,317 cr. Management has flagged gold price volatility as a pressure on gross margins and is positioning the silver format with stated 25–30% GP economics versus 12–13% in gold.
Measured from the filed financials, judged against its Gems Jewellery And Watches peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from MANOJ VAIBHAV GEM N JEW L's filed financials and exchange disclosures
MANOJ VAIBHAV GEM N JEW L is a Consumer Durables company listed on NSE and BSE, trading under the symbol MVGJL.
Yes. Over the trailing twelve months MANOJ VAIBHAV GEM N JEW L reported a net profit of ₹122 Cr on revenue of ₹2,909 Cr.
Not in the latest reported year — MANOJ VAIBHAV GEM N JEW L's dividend payout for FY26 was nil.
No. Debt stands at 0.55× equity, and it carries net debt of ₹350 Cr. That is lower than 30% of its 28 Gems Jewellery And Watches peers.
On trailing P/E, MANOJ VAIBHAV GEM N JEW L ranks 1 of 29 in Gems Jewellery And Watches — cheaper than 100% of them, against an industry median of 23.4×. This is a position, not a valuation judgement.
On a typical session MANOJ VAIBHAV GEM N JEW L moves 1.32% — that is the median absolute close-to-close move across its last 268 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by MANOJ VAIBHAV GEM N JEW L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
