What the business is, and whether it's a good one at a fair price.
Sells gold and diamond jewellery through a retail network that operated 78 stores (57 company-owned + 21 franchisee) across 36 cities and 6 states at end-FY26, generating ₹10,739 cr in FY26 revenue (+40% YoY). Retail contributes around 78% of Q1 FY27 revenue, with the balance coming from franchisee stores and an e-commerce channel that earned ₹5,290.7 mn in FY26 (+105.2% YoY); same-store sales rose 46.1% in Q1 FY27 and Akshaya Tritiya festive sales reached ₹251.4 cr. The product mix spans plain gold jewellery, gold bars and coins, and studded/diamond pieces — studded ratio at 10.9% of retail in Q1 FY27 — sold under the legacy PNG brand and the younger-skewing LiteStyle sub-brand. Expansion is franchise-led: the network is planned to reach 103 stores by FY27 end and 177 stores by FY29, entering UP, Bihar, Madhya Pradesh, Gujarat, Haryana, Punjab and Karnataka; non-Maharashtra currently accounts for ~10% of revenue. Gold is the dominant input, taking up 87.9% of revenue as materials cost, and gold hedging is being lifted from ~60% in FY26 to 75–80% in FY27. The business traces back 194 years across six generations.
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?
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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 P N GADGIL JEWELLERS LTD's filed financials and exchange disclosures
P N GADGIL JEWELLERS LTD is a Consumer Durables company listed on NSE and BSE, trading under the symbol PNGJL.
Yes. Over the trailing twelve months P N GADGIL JEWELLERS LTD reported a net profit of ₹446 Cr on revenue of ₹11,438 Cr.
Not in the latest reported year — P N GADGIL JEWELLERS LTD's dividend payout for FY26 was nil.
No. Debt stands at 0.80× equity, and it carries net debt of ₹1,538 Cr. That is lower than 7% of its 28 Gems Jewellery And Watches peers.
On trailing P/E, P N GADGIL JEWELLERS LTD ranks 13 of 29 in Gems Jewellery And Watches — cheaper than 57% of them, against an industry median of 23.4×. This is a position, not a valuation judgement.
On a typical session P N GADGIL JEWELLERS LTD moves 1.17% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by P N GADGIL JEWELLERS LTD 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.
