MVGJLManoj Vaibhav Gems 'N' Jewellers Ltd.

₹186.36-0.59%

Market Cap

₹915.65 Cr

Stock P/E

79.79

ROCE

13.28%

ROE

8.98%

Book Value

₹0.00

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Shareholding

Holdings

Distribution

Promoter

Institution

Public

Others

From Last Concall

POSITIVES

•
Expanded showroom footprint, reaching 21 showrooms (up 6 in the last year), with stronger presence in Andhra Pradesh and Telangana Tier 2/3 markets.
•
Robust quarterly results indicating growth momentum: YoY turnover of INR 705.10 crore (+29%), with PAT up ~30% YoY.

NEGATIVES

•
Gold price volatility necessitates discounting to sustain footfall, which can erode gross margins.
•
Gold exchange margins remain thin (0.25-0.3%), limiting profitability from exchange activities.

Peers Summary

Sector Leader

Manoj Vaibhav Gems 'N' Jewellers Ltd. demonstrates a solid growth trajectory with a favorable valuation and reasonable profitability metrics compared to its peers. However, its high debt levels raise concerns about financial stability. Adani Enterprises and Redington emerge as the standout performers in growth and profitability, while companies like MMTC are flagged as financially weak.

Key Points

• MVGJL shows promising revenue growth over three years but has a high debt-to-equity ratio.
• Adani Enterprises and Redington are the leaders in revenue growth and profitability metrics.
• MMTC's significant negative revenue growth highlights its financial distress.

Top Performers

Redington Ltd.

Highest ROE (17.12%) and consistent revenue growth (YoY 12.56%) demonstrate strong profitability.

Adani Enterprises Ltd.

Strong revenue growth and EPS growth, with a solid ROE of 9.48% and a substantial market cap.

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