Is Pushpa Jewellers Ltd (PUSHPA) a good quality company?

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

Is Pushpa Jewellers Ltd (PUSHPA) undervalued or overvalued?

The key valuation ratios of Pushpa Jewellers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Pushpa Jewellers Ltd (PUSHPA) share price return in the past 10 years?

Data is not available for this company

Is Pushpa Jewellers Ltd (PUSHPA) a good buy now?

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

What is the share price of Pushpa Jewellers Ltd (PUSHPA)?

Company share prices are keep on changing according to the market conditions. The current trading price of Pushpa Jewellers Ltd (PUSHPA) on 01-Jan-1970 05:30:00 at 05:30 is .

What is the P/E ratio of Pushpa Jewellers?

The latest standalone P/E ratio of Pushpa Jewellers as of 01-Jan-1970 is 13.64.

What is the P/B ratio of Pushpa Jewellers Ltd (PUSHPA)?

The latest standalone P/B ratio of Pushpa Jewellers Ltd (PUSHPA) as of 01-Jan-1970 is 4.79.

What is the 52-week high and low of Pushpa Jewellers Ltd (PUSHPA)?

The 52-week high of Pushpa Jewellers Ltd (PUSHPA) is Rs. 0.00 and the 52-week low is Rs. 0.00.

Pushpa Jewellers Ltd (PUSHPA) Share Analysis – Brand Strength, Quality & Valuation Zone & DeciZen Rating

Name: Pushpa Jewellers Ltd (PUSHPA)
Brand: Pushpa Jewellers

Pushpa Jewellers Ltd (PUSHPA) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Pushpa Jewellers Ltd (PUSHPA)

BSE: 0 NSE: PUSHPA

Key Metrics

Market Cap

₹304 Cr.

P/E Ratio

13.64

Price to Book (P/B)

4.79

Price to Sales (P/S)

1.08

EV/EBITDA

10.04

Return on Capital Employed (ROCE)

50.48%

Current Price

₹0

Return on Equity (ROE)

47.31%

Return on Assets (ROA)

31.27%

Operating Profit Margin

11.3%

Net Profit Margin

7.93%

Gross Profit Margin

10.8%

Book Value per Share

₹26.2

Sales Growth (YoY)

10.07%

Sales Growth (3 Years)

37.69%

Operating Profit Growth (1 Year)

59.7%

Operating Profit Growth (3 Years)

51.68%

Net Profit Growth (1 Year)

64.14%

52-Week Low / High

₹0 / 0

Net Profit Growth (3 Years)

53.45%

Dividend Yield

0.00%

Promoter Holding

72.56%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Pushpa Jewellers Ltd?

Pushpa Jewellers Ltd revenue growth is 10.1% for FY-2025 , which is above its 5 year CAGR of 0% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Pushpa Jewellers Ltd?

Promoters hold 72.56% of the Pushpa Jewellers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Pushpa Jewellers Ltd vs industry peers?

Pushpa Jewellers Ltd revenue CAGR is 0.00% , compared to the industry median CAGR of 5.39% , indicating stable growth and maintaining its market share.

Q.1 Which industry/sub-sector does Pushpa Jewellers Ltd belong to?

Pushpa Jewellers Ltd belongs to the Consumer Durables sector, operating specifically within the Diamond & Jewellery segment.

Q.1 Stock return of Pushpa Jewellers Ltd over the last decade?

Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

DeciZen - make an informed investing decision on Pushpa Jewellers

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

3. Price Trend

Pushpa Jewellers stock performance

Key Ratios

Is Pushpa Jewellers Ltd an attractive stock to invest in?

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	50%	45.3%	47.9%	50.5%	-
Value Creation Index ⓘ	2.6	2.2	2.4	2.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	108	166	255	281	281
Sales YoY Gr.	-	54%	54%	10.1%	-
Adj EPS ⓘ	3.3	4.3	7.2	11.8	9.2
YoY Gr.	-	32.4%	65.8%	64.4%	-
BVPS (₹) ⓘ	7.6	11.9	19.1	30.8	26.2
Adj Net Profit ⓘ	6.2	8.2	13.5	22.2	22
Cash Flow from Ops. ⓘ	-0.1	0.1	8.8	0.2	-
Debt/CF from Ops. ⓘ	-33.2	109.5	0.9	150.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	37.7%	10.1%
Adj EPS ⓘ	NA	NA	53.4%	64.4%
BVPSⓘ	NA	NA	59.4%	61.2%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	43	44.3	46.2	47.2	32.3
Op. Profit Mgn % ⓘ	8.5	7.8	7.8	11.3	NAN
Net Profit Mgn % ⓘ	5.7	4.9	5.3	7.9	7.9
Debt to Equity ⓘ	0.3	0.7	0.2	0.4	-
Working Cap Days ⓘ	0	58	51	72	0
Cash Conv. Cycle ⓘ	0	51	43	55	0

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	9.2	-
TTM Sales (₹ Cr.)	281	-
BVPS (₹) ⓘ	26.2	-
Reserves (₹ Cr.) ⓘ	39	-
P/BV ⓘ	4.79	-
PE ⓘ	13.64	-

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	304
Equity (₹ Cr.)	24.2
Face Value (₹)	10
Industry PE ⓘ	62.3

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Pushpa Jewellers - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Sales	108	166	255	281
Operating Expenses ⓘ +	99	153	235	249
Manufacturing Costs	1	1	2	1
Material Costs	95	146	228	241
Employee Cost	1	2	2	3
Other Costs ⓘ	2	4	4	4
Operating Profit ⓘ	9	13	20	32
Operating Profit Margin (%)	8.5%	7.8%	7.8%	11.3%
Other Income ⓘ +	0	0	0	0
Exceptional Items ⓘ	0	0	0	0
Interest ⓘ	0	1	1	2
Depreciation ⓘ	0	0	1	1
Profit Before Tax ⓘ	9	12	18	30
Tax ⓘ	3	4	5	8
Profit After Tax	6	8	14	22
PAT Margin (%)	5.7%	4.9%	5.3%	7.9%
Adjusted EPS (₹)	3.3	4.3	7.2	11.8
Dividend Payout Ratio (%)	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	14	22	36	58
Share Capital ⓘ	0	0	0	19
Reserves ⓘ	14	22	36	39
Debt +	3	14	8	21
Long Term Debt	1	5	5	11
Short Term Debt	2	9	3	10
Minority Interest	0	0	0	0
Trade Payables	0	1	1	2
Others Liabilities ⓘ	4	6	6	10
Total Liabilities ⓘ	22	43	51	91
Fixed Assets
Net Fixed Assets ⓘ +	1	10	11	16
Gross Block	2	12	12	18
Accumulated Depreciation	1	1	2	2
CWIP ⓘ	0	0	0	0
Investments ⓘ	0	0	0	0
Inventories	15	24	28	35
Trade Receivables	3	6	5	20
Cash Equivalents	0	0	2	4
Others Assets ⓘ	2	3	5	16
Total Assets ⓘ	22	43	51	91

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-0	0	9	0
PBT ⓘ	9	12	18	30
Adjustment ⓘ	0	1	2	2
Changes in Working Capital ⓘ	-8	-10	-6	-25
Tax Paid ⓘ	-1	-2	-6	-7
Cash Flow From Investing Activity ⓘ +	-0	-11	0	-10
Capex	-0	-10	-1	-6
Net Investments	0	0	0	0
Others ⓘ	-0	-1	1	-4
Cash Flow From Financing Activity ⓘ +	0	10	-7	12
Net Proceeds from Shares ⓘ	0	0	0	0
Net Proceeds from Borrowing ⓘ	-2	4	-0	6
Interest Paid ⓘ	-0	-1	-1	-1
Dividend Paid ⓘ	0	0	0	0
Others ⓘ	2	7	-6	7
Net Cash Flow ⓘ	0	-0	2	2

Finance Ratio

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	42.97	44.2	46.36	47.31
ROCE (%)	50.02	45.27	47.9	50.48
Asset Turnover Ratio	4.94	5.09	5.38	3.94
PAT to CFO Conversion(x)	-0	0	0.64	0
Working Capital Days
Receivable Days	11	10	8	16
Inventory Days	50	43	37	41
Payable Days	1	2	2	2

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Announcements

Pushpa Jewellers Ltd FAQs

The current trading price of Pushpa Jewellers 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 Pushpa Jewellers stood at ₹304.0 Cr

The latest P/E ratio of Pushpa Jewellers as of 31-Dec-1969 is 13.64.

The latest P/B ratio of Pushpa Jewellers as of 31-Dec-1969 is 4.79.

The 52-week high of Pushpa Jewellers is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pushpa Jewellers is ₹281 ( Cr.) .

About Pushpa Jewellers Ltd

Pushpa Jewellers was originally incorporated on June 03, 2009 as a Private Limited Company in the name and style of ‘Pushpa Jewellers Private Limited’ under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Kolkata. Later, the company was converted into a Public Limited Company pursuant to Special Resolution passed by the Shareholders of the company at the Extra Ordinary General Meeting held on April 19, 2024 and consequently the name of the Company was changed from ‘Pushpa Jewellers Private Limited’ to ‘Pushpa Jewellers Limited’ and a fresh Certificate of Incorporation dated July 29, 2024 pursuant to conversion from Private Limited Company to Public Limited Company was issued by the Registrar of Companies, Central Processing Centre.

The company is a wholesale B2B jewellery maker with a presence across India. Its jewellery business includes the sale of wide range of Traditional and Modern Gold jewellery. Its main focus is in detailing and highlighting small areas minutely as its jewellery consists of some of the world’s finest stones namely Emerald, Jade, Pearl and Meena. It has a presence across multiple regions in India and it also exports its jewellery in international markets like Dubai, United States and Australia. Its story is woven into each piece of gold jewellery it creates. With a legacy spanning decade, it has honed its craft to perfection, bringing forth a diverse array of intricately designed necklaces, bracelets, earrings and rings. Each piece is a testament to its commitment to preserving rich heritage while embracing modern aesthetics.

It integrates the design and creation processes within the organization to enhance efficiency and creativity by managing the entire process internally, from conceptual design to final production, it ensures tighter quality control, quicker turnaround times, and a more cohesive brand vision. In-house design allows for close collaboration between designers and production teams, fostering innovation and immediate adjustments based on feedback or market trends. Streamlined production further optimizes operations by minimizing external dependencies, reducing lead times, and improving cost-efficiency. This facilitates a more agile response to market demands and ensures that the final product aligns closely with the original design intent, resulting in high-quality gold jewellery that meets or exceeds customer expectations.

Business area of the company

The company is a manufacturer of gold jewellery in India, known for strong presence in the B2B market and specialises in the production and sale of wide range of tradition and modern gold jewellery which consists of emerald, jade, pearl, Meena and studded work.

Products of the company

Necklace
Kantha
Earrings
Choker
Chick Set
Bangles
Rings
Mangal sutra

History and milestones

2009: Incorporation of the company in the name & style of ‘Pushpa Jewellers Private Limited’.
2020: Obtained Certificate of Registration for selling Articles with hallmark on Gold Jewellery and Artifacts in Kolkata.
2021: Obtained Certificate of Registration for selling Articles with hallmark on Gold Jewellery and Artifacts in Chennai.
2021: Obtained Membership with the Gem and Jewellery Export Promotion Council, Kolkata.
2022: Opening of its semi-showroom which was more of a showroom cum office in Hyderabad, Telangana.
2022: Opening of its showroom cum office in Chennai, Tamil Nadu.
2022: Obtained Membership of India Bullion and Jewellers Association Limited,
2022: Acquisition of the property which is its present Registered and Corporate Office.
2022: Obtained Certificate of Registration from Office of the Deputy Commissioner of Customs Air Cargo Complex, Shamshabad, Hyderabad to receive duty free Gold from the Nominated Agencies for Export of Gold Jewellery.
2022: Its revenue from operations touched the milestone of Rs 100.00 crore
2023: Obtained Certificate of Registration from Office of the Deputy Commissioner of Customs Port Commissionerate, Kolkata to receive duty free Gold from the Nominated Agencies for Export of Gold Jewellery.
2023: Opening of its showroom cum office in Bengaluru, Karnataka.
2023: Obtained Life Membership of Hitech City Jewellery Manufacturers Association, Hyderabad.
2024: Renewed Life Membership of All India Gem and Jewellery Domestic Council, Mumbai.
2024: Its revenue from operations touched the milestone of Rs 250.00 crore.
2024: Acquisition of property in Hyderabad, Telangana
2024: Obtained Certificate of Registration for selling Articles with hallmark on Gold Jewellery and Artifacts in Hyderabad.
2024: Obtained Certificate of Registration for selling Articles with hallmark on Gold Jewellery and Artifacts in Bengaluru.
2024: Conversion of the company from a private limited company to a public limited company.
2025: The company successfully launched its Initial Public Offer (IPO), of Rs 9865.17 lakh. The offer comprised a fresh issue of Rs 7893.90 lakh and an offer for sale of Rs 1971.27 lakh.

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Pushpa Jewellers Ltd (PUSHPA) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating