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Manoj Vaibhav Gems N Jewellers (MVGJL)₹179.17+0.02%Gems, Jewellery And Watches
In the Jun 2026 quarter (standalone), Manoj Vaibhav Gems N Jewellers reported sales of ₹716 Cr, up 30.1% from Jun 2025, and net profit of ₹27.98 Cr, up 33.4% year on year. For the year to Mar 2026, sales were ₹2,753 Cr and net profit ₹115 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 620 | 476 | 547 | 540 | 643 | 499 | 706 | 550 | 758 | 687 | 756 | 716 |
| Expenses | 577 | 441 | 510 | 502 | 599 | 460 | 659 | 512 | 700 | 630 | 716 | 670 |
| Operating Profit | 42.11 | 34.09 | 37.10 | 37.10 | 44.11 | 38.14 | 46.14 | 37.15 | 55.19 | 54.22 | 38.11 | 45.13 |
| OPM % | 7.1% | 7.0% | 7.1% | 7.1% | 7.1% | 8.0% | 6.1% | 7.0% | 7.0% | 8.1% | 5.0% | 6.0% |
| Other Income | 0.99 | 4.99 | 4.99 | 3.99 | 3.99 | 3.99 | 1.99 | 1.99 | 1.99 | 0.00 | 9.99 | 4.99 |
| Interest | 10.98 | 10.98 | 10.97 | 9.98 | 9.99 | 9.98 | 9.98 | 8.98 | 8.99 | 7.99 | 8.99 | 10.98 |
| Depreciation | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 3.01 | 2.01 | 2.01 | 2.01 |
| Profit before tax | 29.91 | 24.93 | 27.88 | 28.89 | 35.88 | 28.88 | 35.84 | 27.87 | 44.80 | 43.83 | 36.88 | 36.87 |
| Tax % | 26.0% | 24.0% | 27.0% | 25.0% | 25.0% | 12.0% | 26.0% | 26.0% | 30.0% | 21.0% | 25.0% | 25.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −1.12 | 0.00 | 2.82 |
| Net Profit | 21.99 | 18.99 | 20.99 | 21.97 | 26.97 | 24.98 | 26.99 | 20.97 | 32.01 | 33.98 | 27.99 | 27.98 |
| EPS (Rs) | 4.55 | 3.87 | 4.22 | 4.47 | 5.47 | 5.18 | 5.48 | 4.23 | 6.51 | 7.07 | 5.77 | 5.65 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,280 | 1,436 | 1,693 | 2,029 | 2,153 | 2,387 | 2,753 | 2,917 |
| Expenses | 1,193 | 1,350 | 1,584 | 1,883 | 1,996 | 2,217 | 2,560 | 2,716 |
| Operating Profit | 83.33 | 81.27 | 106 | 144 | 151 | 167 | 186 | 193 |
| OPM % | 7.1% | 6.1% | 6.0% | 7.0% | 7.1% | 7.1% | 7.0% | 6.6% |
| Other Income | 4.99 | −1.99 | 3.99 | 3.99 | 10.99 | 12.97 | 13.98 | 16.97 |
| Interest | 45.95 | 42.95 | 41.95 | 43.93 | 44.88 | 40.93 | 35.95 | 36.95 |
| Depreciation | 9.03 | 9.03 | 9.03 | 9.04 | 8.02 | 8.02 | 10.04 | 9.04 |
| Profit before tax | 32.88 | 27.90 | 57.76 | 95.61 | 109 | 129 | 154 | 162 |
| Tax % | 27.0% | 25.0% | 25.0% | 25.0% | 26.0% | 23.0% | 25.0% | — |
| Exceptional items | 0.00 | −8.01 | 0.00 | 0.00 | 0.00 | 0.00 | −1.01 | 1.70 |
| Net Profit | 23.97 | 20.99 | 43.96 | 71.91 | 80.96 | 99.95 | 115 | 122 |
| EPS (Rs) | 24.95 | 21.24 | 44.73 | 18.33 | 16.58 | 20.57 | 23.57 | 25.00 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 9.99 | 9.99 | 9.98 | 38.91 | 48.93 | 48.91 | 48.95 |
| Reserves | 198 | 219 | 262 | 304 | 568 | 668 | 784 |
| Borrowings | 466 | 488 | 502 | 484 | 428 | 399 | 490 |
| Other Liabilities | 142 | 84.59 | 123 | 247 | 350 | 378 | 537 |
| Total Liabilities | 817 | 801 | 898 | 1,075 | 1,395 | 1,494 | 1,860 |
| Fixed Assets | 121 | 93.30 | 87.25 | 83.28 | 78.18 | 88.26 | 82.21 |
| CWIP | 17.05 | 7.02 | 3.01 | 1.01 | 1.01 | 0.00 | 1.01 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 679 | 702 | 806 | 991 | 1,317 | 1,406 | 1,776 |
| Inventories | 635 | 643 | 770 | 938 | 1,085 | 1,322 | 1,615 |
| Trade receivables | 7.97 | 19.93 | 19.95 | 23.91 | 26.89 | 29.92 | 31.90 |
| Cash & equivalents | 24.03 | 25.04 | 9.02 | 17.03 | 176 | 30.06 | 109 |
| Total Assets | 817 | 801 | 898 | 1,075 | 1,395 | 1,494 | 1,860 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 32.94 | −11.98 | 8.98 | 68.90 | 59.90 | −66.90 | 25.98 |
| Cash from investing activity | −5.99 | 10.99 | 1.01 | −3.99 | −126 | 127 | 2.01 |
| Cash from financing activity | −37.10 | 4.01 | −26.09 | −59.17 | 94.29 | −76.29 | 55.21 |
| Net cash flow | −9.01 | 4.01 | −15.01 | 6.99 | 28.02 | −16.01 | 83.09 |
| Capex | 15.18 | 0.00 | 0.21 | 1.34 | 1.54 | 11.64 | 4.51 |
| Free cash flow | 18.06 | −4.02 | 9.04 | 68.32 | 58.20 | −78.26 | 22.10 |
| CFO / OP % | 60.9% | −2.0% | 21.9% | 65.9% | 57.9% | −20.0% | 31.9% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 2 | 5 | 4 | 4 | 5 | 5 | 4 |
| Inventory days | 212 | 184 | 188 | 193 | 211 | 231 | 246 |
| Days payable | 34 | 17 | 22 | 8 | 19 | 25 | 26 |
| Cash conversion cycle | 182 | 173 | 172 | 191 | 197 | 212 | 226 |
| Working capital days | 37 | 60 | 63 | 66 | 70 | 96 | 88 |
| ROCE % | — | 11.9% | 12.9% | 17.0% | 15.9% | 15.9% | 15.9% |
For the Jun 2026 quarter, Manoj Vaibhav Gems N Jewellers reported sales of ₹716 Cr, up 30.1% year on year and net profit of ₹27.98 Cr, up 33.4% year on year. The operating margin was 6.0%.
Manoj Vaibhav Gems N Jewellers' sales for the year to Mar 2026 were ₹2,753 Cr; over the last twelve months they were ₹2,917 Cr.
Net profit for the year to Mar 2026 was ₹115 Cr, and ₹122 Cr over the last twelve months. Earnings per share over the same trailing period were ₹25.00.
Manoj Vaibhav Gems N Jewellers reported borrowings of ₹490 Cr at Mar 2026, against cash and equivalents of ₹109 Cr.
Cash from operations was ₹25.98 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹22.10 Cr.