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Grover Jewells Ltd (GJL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: GJL Diamond & Jewellery | Small Cap | Grover Jewells Share Price

BSE Share Price
Not Listed

Grover Jewells Ltd (GJL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: GJL Diamond & Jewellery | Small Cap | Grover Jewells Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹258 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹14.6
TTM Sales
₹824 Cr.
Book Value per Share
₹40.3
P/E Ratio
12.19
Lower than its 5-year historical median
Industry PE
54.8
Price to Book (P/B)
4.41
Lower than its 5-year historical median
Price to Sales (P/S)
0.31
Lower than its 5-year historical median
EV/EBITDA
8.74
Lower than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
59.17%
Outperforms industry median
Return on Capital Employed (ROCE)
51.94%
Outperforms industry median
Return on Assets (ROA)
35.06%
Operating Profit Margin
2.5%
Net Profit Margin
1.65%
Gross Profit Margin
2.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
78.67%
Operating Profit Growth (1 Year)
-
139.07%
Net Profit Growth (1 Year)
-
174.1%
Asset Quality
Promoter Holding
73.50%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹44 Cr.
Equity
₹14.5 Cr.
Face Value
₹10
All Time Low / High
- / -

Grover Jewells stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Grover Jewells Ltd a good quality company?
Grover Jewells Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Grover Jewells Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Grover Jewells Ltd vs industry peers?
Grover Jewells Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 13.71%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Grover Jewells Ltd?
Promoters hold 73.50% of the Grover Jewells Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Grover Jewells Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
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10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Grover Jewells Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'23Mar'24Mar'25TTM
ROCE % ⓘ35.8%32.2%51.9%-
Value Creation
Index ⓘ		1.61.32.7-

Growth Parameters ⓘ
Sales ⓘ255258461824
Sales YoY Gr.-1.1%78.7%-
Adj EPS ⓘ2.62.67.114.6
YoY Gr.-1.2%175.3%-
BVPS (₹) ⓘ5.98.515.740.3
Adj Net
Profit ⓘ		2.72.87.621
Cash Flow from Ops. ⓘ1.72.60.2-
Debt/CF from Ops. ⓘ2.31.639.7-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA78.7%
Adj EPS ⓘNANANA175.3%
BVPSⓘNANANA84%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		43.335.95952.1
Op. Profit
Mgn % ⓘ		1.61.82.5NAN
Net Profit
Mgn % ⓘ		1.11.11.72.6
Debt to
Equity ⓘ		0.60.50.6-
Working Cap
Days ⓘ		012120
Cash Conv.
Cycle ⓘ		011100

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Sales255258461
Operating Expenses ⓘ + 251253450
Manufacturing Costs011
Material Costs248249445
Employee Cost 111
Other Costs ⓘ 223
Operating Profit ⓘ 4511
Operating Profit Margin (%) 1.6%1.8%2.4%
Other Income ⓘ + 000
Exceptional Items ⓘ -000
Interest ⓘ 001
Depreciation ⓘ 111
Profit Before Tax ⓘ 339
Tax ⓘ 112
Profit After Tax 338
PAT Margin (%) 1.1%1.1%1.7%
Adjusted EPS (₹)2.52.67.2
Dividend Payout Ratio (%)0%0%0%

Valuation of Grover Jewells - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 6917
Share Capital ⓘ 333
Reserves ⓘ 4614
Debt +449
Long Term Debt446
Short Term Debt004
Minority Interest000
Trade Payables103
Others Liabilities ⓘ 011
Total Liabilities ⓘ 121430

Fixed Assets

Net Fixed Assets ⓘ +345
Gross Block468
Accumulated Depreciation123
CWIP ⓘ 000
Investments ⓘ 000
Inventories8820
Trade Receivables011
Cash Equivalents 013
Others Assets ⓘ 001
Total Assets ⓘ 121430

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 230
PBT ⓘ 339
Adjustment ⓘ 112
Changes in Working Capital ⓘ -2-2-9
Tax Paid ⓘ -1-1-2
Cash Flow From Investing Activity ⓘ + -2-2-2
Capex -2-2-2
Net Investments 000
Others ⓘ 00-0
Cash Flow From Financing Activity ⓘ + 004
Net Proceeds from Shares ⓘ 000
Net Proceeds from Borrowing ⓘ 102
Interest Paid ⓘ -0-0-1
Dividend Paid ⓘ 000
Others ⓘ -003
Net Cash Flow ⓘ 002

Financial Ratio

PARTICULARSMar'23Mar'24Mar'25
Ratios
ROE (%)4336.259.17
ROCE (%)35.8232.1551.94
Asset Turnover Ratio21.8420.2421.19
PAT to CFO Conversion(x)0.6710
Working Capital Days
Receivable Days0.400.800.50
Inventory Days11.2010.9010.80
Payable Days211.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Grover Jewells Ltd FAQs

The current trading price of Grover Jewells on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Grover Jewells stood at ₹258.0 Cr

The latest P/E ratio of Grover Jewells as of 31-Dec-1969 is 12.19.

The latest P/B ratio of Grover Jewells as of 31-Dec-1969 is 4.41.

The 52-week high of Grover Jewells is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Grover Jewells is ₹824 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Grover Jewells Ltd is a below average quality company.

The key valuation ratios of Grover Jewells Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Grover Jewells Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Grover Jewells Ltd

Grover Jewells was originally incorporated as a Private Limited Company under the name ‘Grover Chain Private Limited’ on October 12, 2021. Later, the name of the Company has been changed to ‘Grover Jewells Private Limited’. Subsequently, the company was converted into Public Limited Company and the name of the Company was changed to ‘Grover Jewells Limited’. The company specializes in the manufacturing and designing of a wide range of wholesale gold jewellery. Its collections include plain gold, studded, and semi-finished jewellery, mostly available in 22 Karat, 20 Karat, and 18 Karat. It also sells hallmarked as well as non-hallmarked jewellery in its showrooms. The company commenced its operations with a specialization in the large-scale manufacturing of gold chains, serving both wholesale and retail markets. Over the years, with consistent focus on quality, precision, and design innovation, it has significantly broadened its product range. 

By offering products across various styles and price segments, the company is able to cater to a wide customer base while maintaining the highest standards of craftsmanship, reliability, and trust that form the cornerstone of its brand. While its primary focus remains on the B2B segment, the company is also undertaking initiatives to strengthen its presence and increase revenue in the B2C segment. In addition, it operates a job work segment, wherein small jewellers entrust the company with gold and designs, and it transforms them into finished jewellery. This stream generates stable revenue through labour charges, though it contributes only a minor share compared to its core business segments.

The company operates a fully integrated, in-house gold jewellery manufacturing facility. The facility is equipped with advanced machinery, including casting machines, induction melters, steamers, air compressors, and other specialized equipment, enabling the company to maintain precision and consistency at every stage of production. All functions ranging from design and development to manufacturing and packaging are executed within the facility, ensuring seamless coordination and complete quality control. The company’s design capabilities are strengthened by a dedicated team of skilled CAD designers, supported by select freelance designers, allowing it to consistently introduce fresh, intricate, and market-relevant designs. It supplies to a wide network of local dealers, jewellery showrooms, and small-scale retailers, many of whom rely on the company for bulk orders.

Business area of the company 

The company is engaged in the business of manufacturing and sale of gold ornaments. Its collections include plain gold, studded, and semi-finished jewellery, mostly available in 22 Karat, 20 Karat, and 18 Karat. It also sells hallmarked as well as non-hallmarked jewellery in its showrooms. In addition, it operates a job work segment, wherein small jewellers entrust the company with gold and designs, and it transforms them into finished jewellery.

Products of the company

  • Plain Casting Jewellery
  • Gents Ring
  • Plain God Pendant
  • Plain Lock Bali
  • Wrist Band/Couple Band
  • Baby Tops
  • Baby Pendant

Studded Jewellery/CZ Jewellery (Stone Casting)

  • Stone Ladies Ring
  • Stone God Pendant
  • Stone Band
  • Stone Cuban Chain
  • Stone Tops
  • Necklace Set

Machine Chains

  • Anchor Chain
  • Fox Chain
  • Disco Chain
  • Boll Chain
  • Satya Chain
  • Laser Chain
  • Hollow Fancy
  • Nawabi

Awards, accreditations and recognition

  • 2025: Participated as Guest of Honor in AURA Global Awards 2025.
  • 2025: Received JMAIIE Excellence memento for the continued support.

History and milestones

  • 2021: Company incorporated as a Private Limited Company in the name of ‘Grover Chain Private Limited’.
  • 2021: Takeover of a Proprietorship Concern (Deepak Kumar Grover being the Proprietor) named ‘Grover Chain Company’ with effect from November 11, 2021. 
  • 2025: Change in name from ‘Grover Chain Private Limited’ to ‘Grover Jewells Private Limited’.
  • 2025: Company converted from Private Limited Company to Public Limited Company i.e., ‘Grover Jewells Limited’.

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