P N Gadgil Jewellers Limited (PNGJL) Fair Value & Analysis
Consumer Cyclical · IN · Market cap ₹77.3B
Fair value as of: Aug 13, 2026
From 15 valuation models · updated 4 days ago
Share price +3.2% over the past month.
Below-average quality, and screening another 16% overvalued on our models.
What matters now
- Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
- Our model range runs from ₹385.03 (bear) to ₹641.72 (bull), base ₹513.38. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 45/100 (below-average quality) with high evidence: the data supports the verdict.
Price vs Fair Value (23 months)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
23‑month range ₹494.30 – ₹808.35 · fair‑value band ₹385.03 – ₹641.72 · the ₹610.40 price screens above the ₹513.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
P N Gadgil Jewellers Limited (PNGJL) currently trades at ₹610.40, while our model-based Fair Value estimate is ₹513.38, implying the stock looks roughly 15.9% overvalued today. The Quality Score stands 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 Aug 13, 2026
Our scenario range runs from ₹385.03 (bear case) to ₹641.72 (bull case); at ₹610.40, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 21% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -6% fair-value upside, at -16%, PNGJL screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 15 models by family
Widest divergence: Growth Earnings (₹1,403) versus Asset-Based (₹96.90). Highest evidence: ROIC Compounder (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 51
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
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.
Full company description
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.
Company description, as reported by the company or data provider.
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.
PNGJL screens 16% overvalued. Compare with Compagnie Financière Richemont SA →
Peer Group
Luxury Goods · 137 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Luxury Goods median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Luxury Goods stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Compagnie Financière Richemont SA CFR | CHF 193.70 | CHF 119.08 | -39% |
| Christian Dior SE DIO | €423.60 | €1,095 | +159% |
| Kering SA KER | €270.60 | €56.23 | -79% |
| Tapestry, Inc TPR | $153.74 | $19.95 | -87% |
| Chow Tai Fook Jewellery Group 1929 | HK$12.31 | HK$11.51 | -6% |
| The Swatch Group UHRN | CHF 37.90 | CHF 21.48 | -43% |
| Prada S.p.A 1913 | HK$42.22 | HK$64.07 | +52% |
| Pandora A/S PNDORA | kr 771.40 | kr 1,424 | +85% |
| Laopu Gold Co 6181 | HK$359.20 | HK$544.05 | +51% |
| Kalyan Jewellers India Limited KALYANKJIL | ₹596.70 | ₹238.57 | -60% |
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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.
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