MVGJL share price, P/E, ROE & financials

Manoj Vaibhav Gems N Jewellers (MVGJL) had a P/E of 7.0× on 6 Nov 2026, below the industry P/E of 19.6×, and the shares are 30% below their 52-week high. It earns ROCE of 21% and ROE of 15%, and sales and net profit grew 11% and 17% a year over 3 years. Debt is 0.59× equity. It is a small-cap company with a market cap of ₹850 Cr, ranked 31st of 82 Luxury Goods companies by market cap; the shares fell 10% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹175.00
Day high: ₹183.19
Day low: ₹172.48
Prev. close: ₹181.55
Volume: 1.3 L

Health check

1 good · 1 fair · 4 to check

ReturnsBehind
−10.4% over a year, better than 0 of 7 peers.
Price tagCheaper
P/E 7.0 vs industry 19.6.
GrowthSlow
Sales +10.6%, profit +17.1% a year over 3 years.
ProfitabilityWeak
ROCE 21.5% vs peer median 34.2%.
Balance sheetFair
Debt 0.59× equity, interest covered 5.5×, Piotroski 5 of 9.
Red flags1 to check
30% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Luxury Goods

81 listed peers. Screen the industry

Small cap

₹850 Cr, #31 of 82 in its industry by size.

Defensive

Beta 0.78 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹2,909 Cr · profit ₹122 Cr

Market cap: ₹850 Cr; Small cap
P/E: 7.0; Industry 19.6
Price to book: 1.02; Peers 8.57
Dividend yield: 0.00%
ROE: 14.8%; Peers 29.3%
ROCE: 21.5%; Peers 34.2%
Debt to equity: 0.59; Debt ₹491 Cr
EPS (TTM): ₹24.96; Face value ₹10
OPM (TTM): 6.7%; Net margin 4.2%
Sales growth: +30.1%; Latest quarter vs a year ago
Profit growth: +33.9%; Latest quarter vs a year ago
Price to sales: 0.29; EV/EBITDA 6.4

Strengths

Return on capital employed of 21.5%.
Quarterly profit up 33.9% on a year ago.
Quarterly sales up 30.1% on a year ago.
P/E of 7.0 against an industry P/E of 19.6.

Risks to check

30% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Manoj Vaibhav Gems N Jewellers

Manoj Vaibhav Gems 'N' Jewellers Limited engages in the jewelry retail business under the Vaibhav Jewellers brand in India. The company offers an extensive portfolio of gold, diamond, silver, platinum, and precious stone jewellery, including 22 KT gold jewellery, every day and semi-precious gold jewellery, casting jewellery, signature collections, signity jewellery, silver jewellery, 22 KT and 18 KT diamond jewellery, antique jewellery, polki jewellery,…

Headquarters: Visakhapatnam
Employees: 1,113
Sector: Consumer Cyclical
ISIN: INE0KNT01012
Website: vaibhavjewellers.com

Price range

52 weeks

₹129.10₹249.40

Today

₹172.48₹183.19

Avg volume (3M): 4.7 L
1-year return: minus 10.4%
From 52-week high: minus 30.2%

Peers · Luxury Goods

Compare with peers Screen the whole industry

Company
TITANTitan Company	5,000.00	plus 3.42%	4,43,656	63.1	24.30	38.4%	37.1%	11.6%	29.2%	16.0%	0.30%	plus 26.8%
KALYANKJILKalyan Jewellers India	590.75	plus 5.49%	61,010	42.6	9.66	26.7%	24.3%	6.7%	36.4%	46.1%	0.42%	plus 7.2%
LALITHAALalithaa Jewellery Mart	373.50	plus 0.50%	20,905	21.9	6.37	46.1%	41.6%	5.7%	23.4%	61.8%	0.00%	plus 50.3%
PCJEWELLERPC Jeweller	15.77	plus 1.35%	15,467	17.1	1.65	10.3%	10.8%	24.6%	10.7%	–	0.00%	plus 29.0%
SKYGOLDSKY GOLD AND DIAMONDS	951.95	plus 0.31%	14,743	37.3	10.49	35.9%	33.0%	7.5%	76.0%	145.4%	0.00%	plus 164.3%
THANGAMAYLThangamayil Jewellery	4,148.20	minus 4.32%	12,893	32.9	8.57	34.2%	29.3%	6.5%	39.2%	64.0%	0.43%	plus 42.6%
BLUESTONEBlueStone Jewellery and Lifestyle	710.85	minus 2.09%	10,867	102.6	5.92	7.7%	5.8%	17.0%	46.8%	–	0.00%	plus 2.0%
MVGJLManoj Vaibhav Gems N Jewellers	173.96	minus 4.18%	850	7.0	1.02	21.5%	14.8%	6.7%	10.6%	17.1%	0.00%	minus 10.4%
Median of 7 peers	–	0.50%	15,467	37.3	8.57	34.2%	29.3%	7.5%	36.4%	61.8%	0.00%	29.0%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
549	756	685	754	714
512	700	630	716	665
37.4	55.4	54.3	38.1	48.4
6.8%	7.3%	7.9%	5.1%	6.8%
1.5	1.7	1.5	10.5	1.5
9	9.4	8.2	8.9	10.7
2.3	2.6	2.5	2.2	2.4
–	–	−1.4	–	–
27.6	45.2	43.7	37.5	36.8
25.5%	29.7%	21.0%	24.8%	25.0%
20.6	31.7	34.5	28.2	27.6
4.22	6.50	7.06	5.76	5.64

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +10.6%
Profit CAGR 3Y: +17.1%
EPS CAGR 3Y: +17.1%
ROE: 14.8%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2,027	2,150	2,384	2,744
–	+6.0%	+10.9%	+15.1%
1,880	1,995	2,215	2,553
147	155	169	191
7.3%	7.2%	7.1%	6.9%
−1.2	5.9	6.3	1.5
41.4	43.3	38.4	34.1
8.6	8.4	8.3	9.6
0	0	1.1	5.4
95.8	109	130	154
25.3%	25.5%	22.5%	25.3%
71.6	80.9	100	115
–	+13.0%	+24.1%	+14.5%
14.66	18.37	20.56	23.54

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
39.1	48.8	48.9	48.9
305	569	670	785
485	429	400	491
248	352	380	540
1,078	1,399	1,498	1,865
64	59.1	69.7	67.4
0.8	0.8	1.2	4.6
3.3	0	0	1.6
12.1	174	25.3	109
998	1,166	1,402	1,683
1,078	1,399	1,498	1,865

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
69.2	59.5	−66.7	26.3
−3.5	−126	127	1.7
−58.8	93.8	−76.1	55.3
6.9	27.5	−15.5	83.3
−1.3	−1.5	−11.6	−4.5
67.9	58	−78.3	21.8

Shareholding pattern

Source: NSE filings

74.3%

promoters

Promoters74.27%
Public25.73%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	74.27%	25.73%	0.00
30 Jun 2026	74.27%	25.73%	0.00
31 Mar 2026	74.27%	25.73%	0.00
31 Dec 2025	74.27%	25.73%	0.00
30 Sep 2025	74.27%	25.73%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you