PUSHPA Share Price | Pushpa Jewellers Ltd Stock Analysis & Recommendation

Q: How has been the historical performance of Pushpa Jewellers?

Answer:The historical performance of Pushpa Jewellers shows significant growth in various financial metrics over the past year.Breakdown:In the fiscal year ending March 2024, Pushpa Jewellers reported net sales of 255.34 crore, a substantial increase from 165.80 crore in March 2023. The total operating income mirrored this growth, reaching 255.34 crore compared to 165.80 crore the previous year. However, total expenditure also rose to 235.40 crore from 152.94 crore, primarily driven by an increase in raw material costs, which escalated to 223.88 crore from 147.43 crore. Despite higher costs, the operating profit (PBDIT) increased to 20.09 crore from 12.90 crore, resulting in an operating profit margin of 7.81%, slightly up from 7.76%. Profit before tax rose to 18.16 crore from 11.91 crore, and profit after tax saw a notable increase to 13.58 crore from 8.14 crore, leading to a PAT margin of 5.32%, up from 4.91%. The company's reserves grew significantly to 35.84 crore from 22.27 crore, and earnings per share improved to 7.29 from 4.37. On the balance sheet, total assets increased to 91.10 crore from 51.46 crore, while total liabilities also rose to 91.10 crore from 51.46 crore, indicating a balanced growth in both assets and liabilities. Cash flow from financing activities turned positive at 11.00 crore, contrasting with a negative 7.00 crore in the previous year, contributing to a net cash inflow of 1.00 crore, up from 1.00 crore in March 2023. Overall, Pushpa Jewellers has demonstrated strong financial performance with significant growth in sales, profits, and reserves.

Q: Is Pushpa Jewellers overvalued or undervalued?

As of 7 November 2025, the valuation grade for Pushpa Jewellers has moved from does not qualify to very attractive. This indicates a significant improvement in its valuation standing. Based on the analysis, Pushpa Jewellers appears to be undervalued. The company has a PE ratio of 13.77, an EV to EBITDA of 9.51, and a ROCE of 23.15%, which are all favorable indicators of its financial health.In comparison to its peers, Pushpa Jewellers has a lower PE ratio than Titan Company, which stands at 81.03, and Kalyan Jewellers, which is at 66.09, both of which are considered expensive. Additionally, Pushpa Jewellers' PEG ratio is 0.00, suggesting strong growth potential relative to its price. Notably, while the stock has underperformed the Sensex in the short term, this valuation suggests a potential for recovery and growth in the long run.

Q: Why is Pushpa Jewellers Ltd falling/rising?

As of 05-May, Pushpa Jewellers Ltd is experiencing a rise in its stock price, currently at 129.80, with a change of 1.1 (0.85%) upwards. This increase can be attributed to several factors. Firstly, the stock has outperformed its sector by 0.62% today, indicating strong relative performance. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend in its price movement. Moreover, there has been a notable increase in investor participation, with a delivery volume of 15,000 shares on May 4, which is a 47.06% rise compared to the 5-day average delivery volume. This heightened interest from investors typically signals confidence in the stock, contributing to its upward price movement.Lastly, the stock has shown strong performance over various periods, with a year-to-date increase of 25.17%, while the benchmark Sensex has decreased by 8.02% during the same timeframe. This significant outperformance against the benchmark further supports the positive sentiment surrounding Pushpa Jewellers Ltd, reinforcing the reasons for its rising stock price.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

3.0 k (-73.21%) Volume

Shareholding (Mar 2026)

FII

1.51%

Held by 2 FIIs

DII

1.77%

Held by 0 DIIs

Promoter

72.29%

How has been the historical performance of Pushpa Jewellers?

06-Nov-2025

Pushpa Jewellers has shown significant growth in the fiscal year ending March 2024, with net sales increasing to 255.34 crore from 165.80 crore, and profit after tax rising to 13.58 crore from 8.14 crore. The company also improved its operating profit margin and reserves, indicating strong overall financial performance.

View full answer

Is Pushpa Jewellers overvalued or undervalued?

10-Nov-2025

As of November 7, 2025, Pushpa Jewellers is considered very attractive due to its favorable financial indicators, including a PE ratio of 13.77 and a PEG ratio of 0.00, suggesting it is undervalued compared to peers like Titan Company and Kalyan Jewellers, despite recent short-term underperformance.

View full answer

Why is Pushpa Jewellers Ltd falling/rising?

06-May-2026

As of 05-May, Pushpa Jewellers Ltd's stock price has risen to 129.80, reflecting a 0.85% increase, driven by strong relative performance, positive moving averages, increased investor participation, and significant year-to-date outperformance against the benchmark Sensex.

View full answer

Which are the latest news on Pushpa Jewellers?

06-May-2026

No latest news for Pushpa Jewellers found.

Compare Pushpa Jewellers with Similar Stocks

Goldkart Jewels Grover Jewells Divine Hira Jew.

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Unrated Stock - No Analysis Available

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Gems, Jewellery And Watches

Market cap

INR 314 Cr (Micro Cap)

P/E

14.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.02

Return on Equity

15.97%

Price to Book

2.23

Revenue and Profits:

Net Sales:

66 Cr

(Quarterly Results - Jun 2024)

Net Profit:

7 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

44.74%

6 Months

2.67%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

0.0%

Pushpa Jewellers for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

No Dividend history available

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

54.00%

EBIT Growth (5y)

55.49%

EBIT to Interest (avg)

15.38

Debt to EBITDA (avg)

0.72

Net Debt to Equity (avg)

0.32

Sales to Capital Employed (avg)

3.14

Tax Ratio

25.23%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

3.28%

ROCE (avg)

31.91%

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

2.23

EV to EBIT

9.89

EV to EBITDA

9.68

EV to Capital Employed

2.26

EV to Sales

1.10

PEG Ratio

Dividend Yield

ROCE (Latest)

22.86%

ROE (Latest)

15.97%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bullish

RSI

No Signal

Bollinger Bands

Bullish

Moving Averages

Mildly Bearish (Daily)

KST

Dow Theory

Mildly Bullish

No Trend

OBV

Mildly Bearish

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Mar 2026

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 2 FIIs (1.51%)

Promoter with highest holding

Mridul Tibrewal (45.18%)

Highest Public shareholder

Arun Saboo (2.16%)

Individual Investors Holdings

17.35%

Financial

[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Jun'24 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Jun'24",
        "",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "66.46",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "10.51",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Interest",
          "val1": "0.32",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "7.48",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "15.81%",
          "val2": "NA%",
          "chgp": "NA",
          "chgp_class": "neutral"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2025 is 25.16% vs -5.43% in Mar 2025",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Sep 2025 is 13.24% vs 3.73% in Mar 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "170.98",
          "val2": "136.61",
          "chgp": "25.16%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "15.87",
          "val2": "18.28",
          "chgp": "-13.18%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "1.51",
          "val2": "0.89",
          "chgp": "69.66%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "11.03",
          "val2": "9.74",
          "chgp": "13.24%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "9.28%",
          "val2": "13.38%",
          "chgp": "-4.10%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Standalone) - Jun'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Jun'24",
        "Jun'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "237.44",
          "val2": "210.91",
          "chgp": "12.58%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "26.38",
          "val2": "24.07",
          "chgp": "9.60%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "1.83",
          "val2": "1.01",
          "chgp": "81.19%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "18.51",
          "val2": "16.87",
          "chgp": "9.72%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "11.11%",
          "val2": "11.41%",
          "chgp": "-0.30%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 10.07% vs 54.00% in Mar 2024",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is 64.14% vs 66.83% in Mar 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "281.06",
          "val2": "255.34",
          "chgp": "10.07%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "31.84",
          "val2": "19.94",
          "chgp": "59.68%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "1.58",
          "val2": "1.39",
          "chgp": "13.67%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "22.29",
          "val2": "13.58",
          "chgp": "64.14%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "11.33%",
          "val2": "7.81%",
          "chgp": "3.52%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Standalone) - Jun'24 - QoQ

Jun'24

Change(%)

Net Sales

66.46

Operating Profit (PBDIT) excl Other Income

10.51

Interest

0.32

Exceptional Items

0.00

Standalone Net Profit

7.48

Operating Profit Margin (Excl OI)

15.81%

NA%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'25

Sep'25

Mar'25

Change(%)

Net Sales

170.98

136.61

25.16%

Operating Profit (PBDIT) excl Other Income

15.87

18.28

-13.18%

Interest

1.51

0.89

69.66%

Exceptional Items

0.00

Standalone Net Profit

11.03

9.74

13.24%

Operating Profit Margin (Excl OI)

9.28%

13.38%

-4.10%

Values in Rs Cr.

Compare with Peers

Net Sales

Growth in half year ended Sep 2025 is 25.16% vs -5.43% in Mar 2025

Standalone Net Profit

Growth in half year ended Sep 2025 is 13.24% vs 3.73% in Mar 2025

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Jun'24

Jun'24

Change(%)

Net Sales

237.44

210.91

12.58%

Operating Profit (PBDIT) excl Other Income

26.38

24.07

9.60%

Interest

1.83

1.01

81.19%

Exceptional Items

0.00

Standalone Net Profit

18.51

16.87

9.72%

Operating Profit Margin (Excl OI)

11.11%

11.41%

-0.30%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'25

Mar'25

Mar'24

Change(%)

Net Sales

281.06

255.34

10.07%

Operating Profit (PBDIT) excl Other Income

31.84

19.94

59.68%

Interest

1.58

1.39

13.67%

Exceptional Items

0.00

Standalone Net Profit

22.29

13.58

64.14%

Operating Profit Margin (Excl OI)

11.33%

7.81%

3.52%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2025 is 10.07% vs 54.00% in Mar 2024

Standalone Net Profit

YoY Growth in year ended Mar 2025 is 64.14% vs 66.83% in Mar 2024

All Annual Results

Company CV

About Pushpa Jewellers Ltd

Pushpa Jewellers Ltd

Micro Cap

Gems, Jewellery And Watches

No Details Available.

Company Coordinates

No Company Details Available