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P N Gadgil Jewellers Limited (PNGJL) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹77.3B

PN P N Gadgil Jewellers Limited PNGJL · NSE
Price₹569.35
Fair Value₹513.38
Upside-9.8%
Quality45/100
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Evidence: High Range ₹385.03 – ₹916.33

Fair value as of: Jul 3, 2026

From 15 valuation models · updated today

Share price +3.1% over the past month.

Price vs Fair Value (12 months)

₹727.90 ₹509.95 Fair Value ₹513.38 Jul 2025 Jul 2026

12‑month range ₹509.95 – ₹727.90 · fair‑value band ₹385.03 – ₹916.33 · the ₹569.35 price screens above the ₹513.38 fair value. As of Jul 3, 2026.

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Analysis

P N Gadgil Jewellers Limited (PNGJL) currently trades at ₹569.35, while our model-based Fair Value estimate is ₹513.38 — implying the stock looks roughly 9.8% overvalued today. We read business quality at 45/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, P N Gadgil Jewellers Limited generated revenue of ₹107B at a net margin of 3.8%. Revenue grew 123.2% year over year. It earns a return on equity of 23.3%. Net debt stands at ₹12.3B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹107B
Revenue growth (YoY) +123%
Net margin 3.8%
Return on equity 23.3%
Free cash flow −₹8.2B FY2026
P/E ratio 18.9
More key figures
Operating margin 3.3%
EPS (TTM) ₹30.20
EPS growth (YoY) +45.5%
Net debt ₹12.3B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

P N Gadgil Jewellers Limited, together with its subsidiaries, engages in the retail sale of gems, diamonds, semi-precious stones, and jewellery products in India and the United States. The company sells traditional, modern, and functional jewellery in gold, silver, platinum, and diamond, including earrings, rings, necklaces, pendants, mangalsutras, bracelets and bangles, and nosepins, as well as naths, chains, and bullions. It also engages in the manufacture and sale of jewellery products. The company sells its products through retail stores and various online marketplaces, as well as through its e-commerce website. P N Gadgil Jewellers Limited was founded in 1832 and is headquartered in Pune, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

P N Gadgil Jewellers Limited reported revenue of ₹107B in FY2026 versus ₹25.6B in FY2022, a compound +43.2%/yr. Reported net income was ₹4.1B in FY2026, compounding +63.3%/yr from FY2022.

Revenue +43.2%/yr
FY22 ₹25.6B
FY23 ₹45.1B
FY24 ₹61.1B
FY25 ₹76.9B
FY26 ₹107B
Net income +63.3%/yr
FY22 ₹576M
FY23 ₹743M
FY24 ₹1.6B
FY25 ₹25.5M
FY26 ₹4.1B

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Frequently asked questions

Is P N Gadgil Jewellers Limited (PNGJL) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹513.38 versus a price of ₹569.35 — about −10% (overvalued). Model-based estimate, not financial advice.
What is the fair value of PNGJL?
Our model-based fair value for P N Gadgil Jewellers Limited is ₹513.38 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹569.35.
What is the quality score of PNGJL?
P N Gadgil Jewellers Limited has a Quality Score of 45/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of P N Gadgil Jewellers Limited (PNGJL)?
P N Gadgil Jewellers Limited reported trailing-twelve-month revenue of about ₹107B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of PNGJL?
The net profit margin of P N Gadgil Jewellers Limited is about 3.8%, meaning it keeps roughly 3.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.