Minerva Capital Research Solutions

D.P. Abhushan Ltd

NSE: DPABHUSHANBSE: 544161
Compare with peers
₹ 2,039.20▼ 40.8 (−1.96%)28 Oct, 03:29 pm IST
Market cap
₹ 5,038 Cr.
P/E
123.1x
P/B
7.64x
52-week range
866.1 – 2,495
ROE
41%
ROCE
40%
Dividend yield
0%
Debt / equity
0.48
Sector
Consumer Durables
Industry
Gems, Jewellery And Watches
Listed on
NSE, BSE

About

D. P. Abhushan Limited is an India-based company, which is engaged in the business of manufacturing, sale and trading of gold jewelry, diamond jewelry, platinum jewelry, silver jewelry, and other precious metals. Its flagship venture, D.P. Jewellers, represents the Company’s core retail brand and operations, offering a wide range of jewelry collections across multiple locations. The Company operates through the gems and jewelry segment, which includes wholesale and retail trade and manufacturing of jewelry and ornaments. Its collections include solitaire jewelry, gold jewelry, diamond jewelry, platinum jewelry, and silver jewelry. Its gold jewelry includes royal antiques, traditional jewelry, plain gold, lightweight jewelry, and temple jewelry. Its diamond jewelry includes diamond polki jewelry, and lightweight jewelry. The Company has showrooms in Ratlam, Indore, Udaipur, Bhopal, Ujjain, Bhilwara, Kota, Banswara, Ajmer, and Neemuch.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Gems, Jewellery And Watches: 107 companies →

D.P. Abhushan Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)123.1 against a typical 20.9: pricier than most peers (1st = cheapest).98th of 106
  • Sales growth+57.8% against a typical +34.8% from a year earlier.27th of 79
  • Profit growth+77.8% against a typical +33.3% from a year earlier.21st of 73
  • Share price, 3 months+48.3% against a typical +3.3%.16th of 92
  • Size₹ 5,038.1 Cr. market value against a typical ₹ 145.6 Cr. (1st = largest).11th of 94

Latest announcements

Exchange filings and their impact on the company.

  • 23 Oct 2026Outcome of Board MeetingHigh impactPositivePrice −3.1% on 26 Oct
    Board kept Rs 558 cr preferential equity plus warrants plan intact, only swapping allottees, to fund new jewellery stores and inventory.

    D.P. Abhushan's board on Oct 23, 2026 approved substitution of some allottees in its earlier Oct 5 preferential plan and issued a corrigendum to the Oct 29 EGM notice. The plan size is unchanged: up to 8,66,434 equity shares for Rs 123.9 crore and 30,35,711 convertible warrants for Rs 434.1 crore, both at Rs 1,430 per share. Proceeds of about Rs 558 crore are to be used up to Rs 513 crore for new company-owned stores and initial jewellery inventory and up to Rs 45.01 crore for general corporate purposes.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A- by CARE
A-
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CARECARE A-Stable8 Jan 2026
Credit rating actions
RatingDetails
8 Jan 2026
Reaffirmed
CARE A-—CARE₹ 339.95 Cr.

Fund raises

QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates

Equity fund raises
StageDetails
23 Oct 2026Preferential issueBoard approved₹ 558.01 Cr.₹ 1,430+42.6%

Research by Minerva Capital Research Solutions

Our research team's work on D.P. Abhushan Ltd

Also covered in

Khazanchi Jewellers Ltd
Company note · 6 Dec 2025 · Free

Board meetings

Results dates and other board meetings. Full calendar

Details
5 Oct 2026Fund Raising/Other business mattersBoard Meeting Intimation for Considering Raising Of Funds By Issuance Of Equity Shares And/Or Warrants, By Way Of A Private Placement Through A Preferential Issue
20 Jul 2026Financial ResultsTo consider and approve the unaudited financial results for the period ended Jun 30, 2026
21 May 2026Financial Results/Other business mattersto consider and approve & take on record the Audited Standalone Financial Results of the Company for the quarter and year ended on March 31, 2026 as per Regulation 33 of the Listing Regulation along with other businesses as may be decided by the Board.
23 Jan 2026Financial ResultsTo consider and approve the & take on record the unaudited Financial Results of the Company for the quarter ended on December 31, 2025 and to conduct any other businesses as may be decided by the Board.
3 Nov 2025Financial Results/Other business mattersThe meeting of the Board of Directors of the Company is scheduled on 03/11/2025, inter alia, to consider, approve & take on record the unaudited Standalone Financial Results of the Company for the quarter and half-year ended on September 30, 2025 and any other businesses as may be decided by the Board.
29 Jul 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2025 and other business matters

Share price

1Y change +48.59%
0 of 1 filing day came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales5467655575051,0051,0847175409681,2221,335852
Expenses5247375324669671,0296754868921,1171,266760
Operating Profit2229243838554254761066993
OPM %4%3.8%4.4%8%3.8%5%6%10%8%9%5%11%
Other Income000001010041
Interest350334444545
Depreciation111222433332
Profit before tax182223343349354969986786
Tax %25%25%28%26%25%24%27%25%26%25%24%25%
Net Profit131716252537253651735164
EPS in Rs5.997.517.2811.2711.1116.5111.116.0722.5432.1322.1728.23

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
27%
3 Years
27%
TTM
31%
Compounded Profit Growth
10 Years
—
5 Years
51%
3 Years
67%
TTM
93%
Stock Price CAGR
10 Years
—
5 Years
49%
3 Years
53%
TTM
—
Return on Equity
10 Years
34%
5 Years
36%
3 Years
37%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
74.89%
−0.11 pts in a year
FIIs
0.23%
+0.02 pts in a year
DIIs
0%
−0.01 pts in a year
Public
24.88%
+0.1 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 123.1xEPS (12 months) ₹ 18.21Median P/E 41x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
D.P. Abhushan Ltd₹ 2,039.20₹ 5,038 Cr.123.1x7.6x41%—
Kalyan Jewellers India₹ 512.20₹ 52,898 Cr.43x9.4x24.3%3.8%
Thangamayil Jewellery₹ 4,638.90₹ 14,419 Cr.56.6x14.1x27.9%4.1%
Honasa Consumer₹ 431.40₹ 14,045 Cr.74.9x10.8x15.5%8.4%
Aditya Vision₹ 555.00₹ 7,162 Cr.70.1x11.9x18.4%4.4%
P N Gadgil Jewellers₹ 570.05₹ 8,391 Cr.19.5x4.1x23.3%3.8%

Management

Santosh Kataria
Chairman of the Board, Managing Director
Manish Kumar Laddha
Chief Financial Officer
Atika Jain
Company Secretary and Compliance Officer
Anil Kataria
Whole-Time Director

Prices are delayed and for information only. Nothing on this page is investment advice.