Pushpa Jewellers (PUSHPA)₹118.30+0.25%Gems, Jewellery And Watches
In the Mar 2026 quarter (standalone), Pushpa Jewellers reported sales of ₹246 Cr, up 80.3% from Mar 2025, and net profit of ₹15.01 Cr, up 15.4% year on year. For the year to Mar 2026, sales were ₹417 Cr and net profit ₹26.01 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 144 | 137 | 171 | 246 |
| Expenses | 131 | 118 | 155 | 225 |
| Operating Profit | 13.99 | 17.99 | 15.99 | 21.99 |
| OPM % | 9.0% | 13.0% | 9.0% | 9.0% |
| Other Income | 0.00 | 0.00 | 1.01 | −1.01 |
| Interest | 0.99 | 0.99 | 1.99 | 0.99 |
| Depreciation | 0.00 | 0.00 | 0.00 | 1.01 |
| Profit before tax | 12.98 | 16.99 | 14.97 | 19.99 |
| Tax % | 25.0% | 25.0% | 25.1% | 27.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | −0.94 |
| Net Profit | 9.01 | 13.01 | 11.01 | 15.01 |
| EPS (Rs) | 5.00 | 6.87 | 4.57 | 6.15 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 48.90 | 108 | 166 | 255 | 280 | 417 |
| Expenses | 45.97 | 98.85 | 153 | 235 | 249 | 380 |
| Operating Profit | 2.99 | 8.99 | 12.99 | 19.99 | 31.98 | 37.99 |
| OPM % | 6.0% | 8.0% | 8.0% | 8.0% | 11.0% | 9.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.99 | 0.99 | 1.99 | 1.99 |
| Depreciation | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 |
| Profit before tax | 1.99 | 8.99 | 11.98 | 17.97 | 29.99 | 34.98 |
| Tax % | 28.1% | 29.0% | 32.0% | 25.1% | 25.0% | 26.0% |
| Exceptional items | 0.00 | 0.00 | −0.03 | 0.03 | 0.02 | −0.95 |
| Net Profit | 2.01 | 6.01 | 8.01 | 14.01 | 22.02 | 26.01 |
| EPS (Rs) | 76.32 | 265.94 | 350.94 | 585.70 | 11.87 | 10.73 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.22 | 0.22 | 0.22 | 0.22 | 18.94 | 23.91 |
| Reserves | 8.00 | 14.03 | 22.02 | 36.01 | 39.06 | 130 |
| Borrowings | 2.00 | 4.00 | 14.99 | 7.99 | 21.99 | 17.97 |
| Other Liabilities | 1.00 | 3.98 | 5.97 | 6.97 | 10.95 | 4.97 |
| Total Liabilities | 11.99 | 22.00 | 42.97 | 50.96 | 90.94 | 178 |
| Fixed Assets | 1.01 | 1.01 | 10.01 | 11.01 | 16.02 | 26.06 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 9.98 | 19.99 | 32.96 | 40.95 | 74.92 | 151 |
| Inventories | 9.03 | 15.04 | 24.07 | 28.09 | 35.13 | 91.26 |
| Trade receivables | 1.01 | 3.01 | 6.01 | 5.01 | 20.02 | 36.02 |
| Cash & equivalents | 0.00 | 0.00 | 0.00 | 2.01 | 4.01 | 7.01 |
| Total Assets | 11.99 | 22.00 | 42.97 | 50.96 | 90.94 | 178 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from operating activity | 1.01 | — | 0.00 | 9.04 | 0.00 | −51.19 |
| Cash from investing activity | −0.99 | — | −10.97 | 0.00 | −9.98 | −9.97 |
| Cash from financing activity | 0.99 | — | 9.99 | −6.99 | 11.99 | 64.97 |
| Net cash flow | 1.01 | — | 0.00 | 2.01 | 2.01 | 3.01 |
| Capex | 0.87 | 0.18 | 9.57 | 0.71 | 5.98 | 11.48 |
| Free cash flow | 0.00 | — | −8.97 | 7.98 | −5.98 | −62.81 |
| CFO / OP % | 46.0% | — | 18.9% | 71.9% | 22.9% | −88.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor days | 5 | 11 | 13 | 7 | 26 | 31 |
| Inventory days | 73 | 58 | 61 | 46 | 55 | 92 |
| Days payable | 1 | 0 | 3 | 1 | 2 | 0 |
| Cash conversion cycle | 76 | 68 | 69 | 50 | 77 | 120 |
| Working capital days | 69 | 47 | 36 | 42 | 60 | 118 |
| ROCE % | — | 63.1% | 45.1% | 48.1% | 50.1% | 30.1% |
For the Mar 2026 quarter, Pushpa Jewellers reported sales of ₹246 Cr, up 80.3% year on year and net profit of ₹15.01 Cr, up 15.4% year on year. The operating margin was 9.0%.
Pushpa Jewellers' sales for the year to Mar 2026 were ₹417 Cr.
Net profit for the year to Mar 2026 was ₹26.01 Cr. Earnings per share over the same trailing period were ₹10.73.
Pushpa Jewellers reported borrowings of ₹17.97 Cr at Mar 2026, against cash and equivalents of ₹7.01 Cr.
Cash from operations was −₹51.19 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹62.81 Cr.