Minerva Capital Research Solutions

Manoj Vaibhav Gems N Jewellers

NSE: MVGJLBSE: 543995
Compare with peers
₹ 181.26▼ 9.54 (−5%)28 Oct, 03:29 pm IST
Market cap
₹ 961 Cr.
P/E
7.4x
P/B
1.23x
52-week range
129.1 – 249.4
ROE
15%
ROCE
16%
Dividend yield
0%
Debt / equity
0.59
Sector
Consumer Durables
Industry
Gems, Jewellery And Watches
Listed on
NSE, BSE

About

Manoj Vaibhav Gems 'N' Jewellers Limited is an India-based company. The Company is engaged in the business of jewelry. The Company operates its jewelry business under the brand name and style of Vaibhav Jewellers. It has a jewelry retail chain with a presence in the markets of Andhra Pradesh and Telangana with approximately 13 showrooms (inclusive of two franchisee showrooms) across eight towns and two cities. The Company's showrooms include a range of exquisite and inventory of designs across a range of products in gold, diamond, gems, platinum, and silver jewelry and/or articles. Its products under the gold and diamond category include bangles, necklaces, earrings, mangalsutra, nose pins, rings, chains, lockets, as well as other accessories. Its products under the silver category include dinner sets, pooja articles, glasses and tumblers, silver coins, and jewelry.

Quick check

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

Compared with its industry

Gems, Jewellery And Watches: 107 companies →

Manoj Vaibhav Gems N Jewellers 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)7.4 against a typical 21: cheaper than most peers (1st = cheapest).17th of 106
  • Sales growth+30.1% against a typical +34.8% from a year earlier.43rd of 79
  • Profit growth+33.3% against a typical +33.3% from a year earlier.36th of 73
  • Share price, 3 months+4.3% against a typical +3.6%.44th of 92
  • Size₹ 960.8 Cr. market value against a typical ₹ 145.6 Cr. (1st = largest).28th of 94

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 ICRA
A-
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
ICRA[ICRA]A- /[ICRA]A2+Stable10 Jul 2026
Credit rating actions
RatingDetails
10 Jul 2026
Reaffirmed
[ICRA]A- /[ICRA]A2+—ICRA₹ 511 Cr.

Research by Minerva Capital Research Solutions

Our research team's work on Manoj Vaibhav Gems N Jewellers

Also covered in

Khazanchi Jewellers Ltd
Company note · 6 Dec 2025 · Free
Jewellery Sector
Sector note · 9 Mar 2025 · Free

Board meetings

Results dates and other board meetings. Full calendar

Details
10 Aug 2026Other business mattersTo consider and approve the Un-audited Financial Results of the Company for the quarter ended June 30, 2026
22 May 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended March 31, 2026 and other business matters
10 Feb 2026Financial Results/Other business mattersTo consider and approve the unaudited financial results for the period ended December 31, 2025 and other business matters
11 Nov 2025Financial Results/Other business mattersTo consider and approve the unaudited financial results for the period ended September 30, 2025 and other business matters
11 Aug 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2025 and other business matters
28 May 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended March 31, 2025 and other business matters

Share price

1Y change −3.83%
Volume (shares)Price (₹)
Close price

Financials

Standalone figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales619475546539642498705549756685754714
Expenses577441510502598460659512700630716669
Operating Profit423437374438463755543845
OPM %7%7%7%7%7%8%6%7%7%8%5%6%
Other Income1554442220105
Interest11111110101010998911
Depreciation222222223222
Profit before tax302528293629362845443737
Tax %26%24%27%25%25%12%26%26%30%21%25%25%
Net Profit221921222725272132342828
EPS in Rs4.543.884.214.465.465.175.474.226.57.065.765.64

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
14%
3 Years
11%
TTM
22%
Compounded Profit Growth
10 Years
—
5 Years
32%
3 Years
17%
TTM
21%
Stock Price CAGR
10 Years
—
5 Years
—
3 Years
—
TTM
—
Return on Equity
10 Years
—
5 Years
17%
3 Years
15%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
74.28%
0 pts in a year
FIIs
0.64%
−0.13 pts in a year
DIIs
1.02%
−0.09 pts in a year
Public
24.06%
+0.2 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 7.4xEPS (12 months) ₹ 24.62Median P/E 11.4x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Manoj Vaibhav Gems N Jewellers₹ 181.26₹ 961 Cr.7.4x1.2x15%—
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

Bharata Mallika Ratna Kumari Grandhi
Managing Director, Executive Chairman of the Board
Grandhi Sai Keerthana
Chief Financial Officer, Whole Time Director
Bandari Shiva Krishna
Company Secretary, Compliance Officer
Rakhal Gontla
Joint Managing Director, Executive Director
Vizia Gopal Botsa
General Manager - Supply Chain Management
Pampana Ramesh Chandra Roy
General Manager - Business Operations
Puli Rama Naga Vara Prasada Rao
General Manager - Finance and Accounts
Sandeep Krishna Yalamarthy
General Manager - Business Administration IT

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