Loading…
P N Gadgil Jewellers (PNGJL)₹612.00+1.02%Gems, Jewellery And Watches
In the Sep 2026 quarter (consolidated), P N Gadgil Jewellers reported sales of ₹2,659 Cr, up 22.4% from Sep 2025, and net profit of ₹121 Cr, up 53.1% year on year. For the year to Mar 2026, sales were ₹10,439 Cr and net profit ₹410 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,967 | 1,509 | 1,663 | 1,997 | 2,430 | 1,583 | 1,710 | 2,172 | 3,293 | 3,533 | 2,408 | 2,659 |
| Expenses | 1,873 | 1,419 | 1,598 | 1,940 | 2,305 | 1,490 | 1,598 | 2,063 | 3,047 | 3,397 | 2,225 | 2,452 |
| Operating Profit | 92.21 | 89.26 | 64.15 | 54.12 | 123 | 94.27 | 110 | 107 | 244 | 135 | 182 | 208 |
| OPM % | 4.7% | 6.0% | 3.9% | 2.7% | 5.0% | 6.0% | 6.0% | 4.9% | 7.0% | 3.8% | 8.0% | 8.0% |
| Other Income | 1.99 | 1.99 | 1.99 | 11.97 | 6.99 | 14.96 | 12.97 | 35.90 | 23.93 | 30.92 | 9.99 | 16.97 |
| Interest | 10.98 | 11.99 | 11.99 | 12.99 | 5.99 | 10.98 | 18.99 | 19.99 | 24.99 | 27.99 | 33.99 | 41.98 |
| Depreciation | 5.99 | 4.99 | 5.98 | 6.98 | 7.98 | 12.96 | 10.98 | 13.96 | 14.96 | 16.95 | 17.96 | 19.94 |
| Profit before tax | 77.26 | 73.23 | 48.17 | 46.10 | 115 | 85.29 | 93.27 | 109 | 229 | 122 | 141 | 163 |
| Tax % | 26.0% | 25.0% | 26.0% | 24.0% | 25.0% | 27.0% | 25.0% | 27.0% | 25.0% | 26.0% | 25.0% | 25.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −1.99 | 0.00 | 0.00 | 0.00 |
| Net Profit | 57.96 | 54.98 | 34.95 | 34.97 | 85.98 | 61.93 | 68.98 | 79.01 | 171 | 89.89 | 105 | 121 |
| EPS (Rs) | 10.41 | 4.65 | 2.98 | 2.56 | 6.32 | 4.56 | 5.10 | 5.83 | 12.56 | 6.64 | 7.75 | 8.22 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,450 | 1,897 | 2,531 | 4,475 | 6,048 | 7,561 | 10,439 | 11,892 |
| Expenses | 2,346 | 1,839 | 2,421 | 4,350 | 5,773 | 7,222 | 9,820 | 11,121 |
| Operating Profit | 103 | 57.10 | 111 | 123 | 272 | 344 | 619 | 770 |
| OPM % | 4.2% | 3.0% | 4.4% | 2.7% | 4.5% | 4.5% | 6.0% | 6.5% |
| Other Income | 16.96 | 13.97 | 30.92 | 51.90 | 6.98 | 27.93 | 83.78 | 81.81 |
| Interest | 42.99 | 37.99 | 34.99 | 34.99 | 45.98 | 42.93 | 91.99 | 129 |
| Depreciation | 26.94 | 26.92 | 21.95 | 21.94 | 22.93 | 34.90 | 56.83 | 69.81 |
| Profit before tax | 50.12 | 7.02 | 85.28 | 118 | 210 | 294 | 554 | 656 |
| Tax % | 46.0% | 201.0% | 18.0% | 21.0% | 26.0% | 26.0% | 26.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −0.99 | −2.99 | −1.99 |
| Net Profit | 26.96 | −6.99 | 70.01 | 94.01 | 155 | 218 | 410 | 487 |
| EPS (Rs) | 4.87 | 0.18 | 10.40 | 13.43 | 13.11 | 16.04 | 30.15 | 35.17 |
| 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 | 55.12 | 55.04 | 55.16 | 54.90 | 118 | 136 | 136 |
| Reserves | 132 | 135 | 190 | 255 | 415 | 1,413 | 1,821 |
| Borrowings | 442 | 401 | 397 | 386 | 454 | 927 | 1,732 |
| Other Liabilities | 560 | 420 | 463 | 363 | 473 | 657 | 1,258 |
| Total Liabilities | 1,188 | 1,011 | 1,107 | 1,059 | 1,461 | 3,134 | 4,947 |
| Fixed Assets | 184 | 242 | 234 | 208 | 242 | 322 | 410 |
| CWIP | 56.20 | 4.01 | 4.02 | 4.01 | 4.02 | 4.01 | 0.00 |
| Investments | 1.01 | 0.99 | 1.01 | 0.99 | 1.01 | 9.01 | 7.99 |
| Other Assets | 947 | 765 | 869 | 846 | 1,213 | 2,801 | 4,529 |
| Inventories | 754 | 637 | 702 | 596 | 957 | 2,018 | 3,647 |
| Trade receivables | 59.09 | 34.07 | 29.04 | 40.08 | 38.04 | 50.08 | 63.05 |
| Cash & equivalents | 34.91 | 21.94 | 44.84 | 52.81 | 79.76 | 528 | 503 |
| Total Assets | 1,188 | 1,011 | 1,107 | 1,059 | 1,461 | 3,134 | 4,947 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 67.75 | 147 | 72.72 | 107 | 5.98 | −673 | −715 |
| Cash from investing activity | 2.99 | −25.92 | −21.92 | −46.85 | −48.85 | −423 | −53.77 |
| Cash from financing activity | −92.57 | −127 | −45.84 | −54.79 | 50.83 | 1,163 | 716 |
| Net cash flow | −21.94 | −6.98 | 4.99 | 4.99 | 8.98 | 67.79 | −51.83 |
| Capex | 14.99 | 33.98 | 4.99 | 46.97 | 51.98 | 52.96 | 65.01 |
| Free cash flow | 51.96 | 114 | 68.02 | 59.99 | −45.98 | −728 | −782 |
| CFO / OP % | 80.0% | 244.0% | 74.0% | 117.1% | 16.0% | −173.0% | −95.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 9 | 6 | 4 | 3 | 2 | 2 | 2 |
| Inventory days | 126 | 133 | 111 | 53 | 62 | — | — |
| Days payable | 18 | 15 | 27 | 12 | 10 | — | — |
| Cash conversion cycle | 117 | 124 | 89 | 44 | 55 | 2 | 2 |
| Working capital days | −2 | 5 | 17 | 21 | 22 | 33 | 36 |
| ROCE % | — | 8.0% | 21.0% | 23.0% | 30.0% | 19.0% | 21.0% |
For the Sep 2026 quarter, P N Gadgil Jewellers reported sales of ₹2,659 Cr, up 22.4% year on year and net profit of ₹121 Cr, up 53.1% year on year. The operating margin was 8.0%.
P N Gadgil Jewellers' sales for the year to Mar 2026 were ₹10,439 Cr; over the last twelve months they were ₹11,892 Cr.
Net profit for the year to Mar 2026 was ₹410 Cr, and ₹487 Cr over the last twelve months. Earnings per share over the same trailing period were ₹35.17.
P N Gadgil Jewellers reported borrowings of ₹1,732 Cr at Mar 2026, against cash and equivalents of ₹503 Cr.
Cash from operations was −₹715 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹782 Cr.