MVGJL

Manoj Vaibhav Gems N Jewellers Limited

Manoj Vaibhav Gems N Jewellers Limited (MVGJL) financial statements and selected valuation metrics through 30 June 2026.

Consumer Discretionary›Consumer Durables›Consumer Durables›Gems, Jewellery And Watches

vaibhavjewellers.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹225.27
Market cap
1,100 Cr
Stock P/E
9.0
P/B
1.32
ROE (FY26)
13.8%
ROCE (FY26)
14.7%
Operating margin (FY26)
6.4%
Debt / equity (FY26)
0.55
OCF / EBITDA (FY26)
14.2%
OCF / EBITDA (3Y)
3.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Manoj Vaibhav Gems 'N' Jewellers (MVGJL) is a Visakhapatnam-based jewellery retailer that sells gold, silver and Polki jewellery through its own showrooms, competing with national chains and local jewellers.

Company snapshot

26thBy market cap

Ranked among 39 companies in Gems, Jewellery And Watches.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales619 Cr475 Cr546 Cr539 Cr642 Cr498 Cr705 Cr549 Cr756 Cr685 Cr754 Cr714 Cr
Operating expenses (approx.)577 Cr441 Cr510 Cr502 Cr598 Cr460 Cr659 Cr512 Cr700 Cr630 Cr716 Cr669 Cr
EBITDA42 Cr34 Cr37 Cr37 Cr44 Cr38 Cr46 Cr37 Cr55 Cr54 Cr38 Cr45 Cr
OPM %6.8%7.2%6.7%6.9%6.9%7.5%6.5%6.8%7.3%7.9%5.1%6.3%
Other income1.00 Cr5 Cr5 Cr4 Cr4 Cr4 Cr2 Cr2 Cr2 Cr1 Cr10 Cr1 Cr
Interest11 Cr11 Cr11 Cr10 Cr10 Cr10 Cr10 Cr9 Cr9 Cr8 Cr9 Cr11 Cr
Depreciation2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr2 Cr2 Cr2 Cr
Profit before tax30 Cr25 Cr28 Cr29 Cr36 Cr29 Cr36 Cr28 Cr45 Cr44 Cr37 Cr37 Cr
Tax %25.6%24.2%26.7%25.0%25.3%12.3%26.1%25.5%29.7%21.0%24.8%25.0%
Net profit22 Cr19 Cr21 Cr22 Cr27 Cr25 Cr27 Cr21 Cr32 Cr35 Cr28 Cr28 Cr
EPS (₹)₹4.54₹3.88₹4.21₹4.45₹5.46₹5.17₹5.48₹4.22₹6.50₹7.06₹5.76₹5.64

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,434 Cr1,694 Cr2,027 Cr2,150 Cr2,384 Cr2,744 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,353 Cr1,589 Cr1,884 Cr1,999 Cr2,219 Cr2,559 CrSign in free for the trailing twelve months
EBITDA81 Cr105 Cr143 Cr150 Cr165 Cr185 CrSign in free for the trailing twelve months
OPM %5.6%6.2%7.1%7.0%6.9%6.8%Sign in free for the trailing twelve months
Other income10 Cr4 Cr4 Cr11 Cr13 Cr15 CrSign in free for the trailing twelve months
Interest43 Cr42 Cr43 Cr45 Cr40 Cr36 CrSign in free for the trailing twelve months
Depreciation9 Cr9 Cr9 Cr8 Cr8 Cr10 CrSign in free for the trailing twelve months
Profit before tax28 Cr58 Cr96 Cr109 Cr130 Cr154 CrSign in free for the trailing twelve months
Tax %25.5%25.2%25.3%25.5%22.6%25.3%Sign in free for the trailing twelve months
Net profit21 Cr44 Cr72 Cr81 Cr100 Cr115 CrSign in free for the trailing twelve months
EPS (₹)₹5.31₹11.18₹18.32₹18.37₹20.56₹23.54Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital10 Cr10 Cr39 Cr49 Cr49 Cr49 Cr
Reserves219 Cr263 Cr305 Cr569 Cr670 Cr785 Cr
Borrowings463 Cr478 Cr460 Cr405 Cr368 Cr459 Cr
Other liabilities111 Cr149 Cr273 Cr377 Cr411 Cr573 Cr
Total liabilities803 Cr900 Cr1,078 Cr1,399 Cr1,498 Cr1,865 Cr
Fixed assets (net)49 Cr46 Cr43 Cr40 Cr44 Cr38 Cr
CWIP7 Cr3 Cr0.74 Cr0.77 Cr0.47 Cr1 Cr
Investments———20 Cr19 Cr19 Cr
Loans & advances———0.22 Cr0.25 Cr0.30 Cr
Inventories641 Cr767 Cr934 Cr1,081 Cr1,317 Cr1,610 Cr
Trade receivables20 Cr20 Cr24 Cr27 Cr30 Cr32 Cr
Cash & bank22 Cr6 Cr13 Cr41 Cr25 Cr109 Cr
Other assets65 Cr57 Cr62 Cr190 Cr62 Cr55 Cr
Total assets803 Cr900 Cr1,078 Cr1,399 Cr1,498 Cr1,865 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-12 Cr9 Cr69 Cr60 Cr-67 Cr26 Cr
Cash from investing11 Cr1 Cr-4 Cr-126 Cr127 Cr2 Cr
Cash from financing4 Cr-26 Cr-59 Cr94 Cr-76 Cr55 Cr
Net cash flow4 Cr-15 Cr7 Cr28 Cr-15 Cr83 Cr
Free cash flow (OCF − Capex)—9 Cr68 Cr58 Cr-78 Cr22 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %10.2%13.3%17.2%15.0%15.6%14.7%
ROE %9.1%16.0%20.8%13.1%14.0%13.8%
Debtor days544554
Inventory days286286280308356307
Days payable263311283832
Cash conversion cycle265257273284322279
OCF / EBITDA %-14.2%8.5%48.4%39.6%-40.5%14.2%
OCF / EBITDA % (3 years)——20.3%34.6%13.6%3.8%
Debt / equity2.021.751.340.650.510.55
Current ratio1.611.621.641.831.901.79
Net debt / EBITDA5.474.493.122.422.081.89