Cash flow P N Gadgil Jewellers Limited

Equities

PNGJL

INE953R01016

Apparel & Accessories Retailers

Market Closed - NSE India S.E. Other stock markets 04:35:04 16/03/2026 pm IST			5-day change	1st Jan Change
537.10 ^INR	-2.51%		+0.89%	-11.58%

11:11am	P N Gadgil Jewellers Opens New Store in Uttar Pradesh, India; Shares Fall 4%	MT
10:52am	P N Gadgil Jewellers Opens New FOCO Model Store in Maharashtra, India; Shares Plummet 4%	MT

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Published financial data: P N GADGIL JEWELLERS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	1.93TCr	2.56TCr	4.51TCr	6.11TCr	7.69TCr
Other Revenues, Total	13Cr	28Cr	48Cr	3.62Cr	-
Total Revenues	1.94TCr	2.58TCr	4.56TCr	6.11TCr	7.69TCr
Cost of Goods Sold, Total	1.75TCr	2.31TCr	4.15TCr	5.6TCr	6.99TCr
Gross Profit	195.7Cr	275.34Cr	401.63Cr	512.46Cr	700.48Cr
Selling General & Admin Expenses, Total	59Cr	73Cr	106.35Cr	130.78Cr	191.23Cr
Depreciation & Amortization - (IS)	24Cr	19Cr	18Cr	21Cr	35Cr
Other Operating Expenses	59Cr	62Cr	124.4Cr	108.59Cr	172.43Cr
Other Operating Expenses, Total	141.79Cr	153.67Cr	249.23Cr	260.52Cr	398.5Cr
Operating Income	54Cr	121.67Cr	152.4Cr	251.94Cr	301.98Cr
Interest Expense, Total	-35Cr	-32Cr	-32Cr	-45Cr	-36Cr
Interest And Investment Income	97.6L	1.75Cr	1.77Cr	3.49Cr	22Cr
Net Interest Expenses	-34Cr	-30Cr	-30Cr	-41Cr	-14Cr
Currency Exchange Gains (Loss)	-14.9L	-88.4L	1.78Cr	35.9L	92.6L
Other Non Operating Income (Expenses)	-3.37Cr	-3.04Cr	-3.21Cr	-92.8L	5.01Cr
EBT, Excl. Unusual Items	17Cr	87Cr	121.05Cr	209.92Cr	293.91Cr
Impairment of Goodwill	-3.05Cr	-3.05Cr	-3.05Cr	-2.04Cr	-
Gain (Loss) On Sale Of Investments	-	-	-	-20.2L	-
Gain (Loss) On Sale Of Assets	-48.2L	-	8L	50T	-98L
Asset Writedown	-6.66Cr	-	-	-	-
Other Unusual Items	-	68.8L	-	68.2L	17.3L
EBT, Incl. Unusual Items	6.65Cr	85Cr	118.08Cr	208.36Cr	293.1Cr
Income Tax Expense	13Cr	16Cr	24Cr	54Cr	75Cr
Earnings From Continuing Operations	-6.71Cr	70Cr	94Cr	154.34Cr	218.27Cr
Net Income to Company	-6.71Cr	70Cr	94Cr	154.34Cr	218.27Cr
Minority Interest	7.76Cr	-12Cr	-19Cr	-	-
Net Income - (IS)	1.06Cr	58Cr	74Cr	154.34Cr	218.27Cr
Net Income to Common Incl Extra Items	1.06Cr	58Cr	74Cr	154.34Cr	218.27Cr
Net Income to Common Excl. Extra Items	1.06Cr	58Cr	74Cr	154.34Cr	218.27Cr
Per Share Items
Net EPS - Basic	0.19	10.44	13.46	21.59	17.1
Basic EPS - Continuing Operations	0.19	10.44	13.46	21.59	17.1
Basic Weighted Average Shares Outstanding	5.52Cr	5.52Cr	5.52Cr	7.15Cr	13Cr
Net EPS - Diluted	0.18	4.88	6.3	13.08	17.1
Diluted EPS - Continuing Operations	0.18	4.88	6.3	13.08	17.1
Diluted Weighted Average Shares Outstanding	5.74Cr	12Cr	12Cr	12Cr	13Cr
Normalized Basic EPS	3.31	7.74	10.19	18.35	14.39
Normalized Diluted EPS	3.18	3.62	4.77	11.12	14.39
Supplemental Items
EBITDA	64Cr	129.71Cr	159.81Cr	259.52Cr	315.59Cr
EBITA	54Cr	121.68Cr	152.43Cr	251.94Cr	301.98Cr
EBIT	54Cr	121.67Cr	152.4Cr	251.94Cr	301.98Cr
EBITDAR	-	131.32Cr	160.91Cr	260.13Cr	316.12Cr
Total Revenues (As Reported)	1.94TCr	2.59TCr	4.56TCr	6.12TCr	7.73TCr
Effective Tax Rate - (Ratio)	200.95	18.25	20.65	25.93	25.53
Total Current Taxes	6.79Cr	15Cr	24Cr	53Cr	74Cr
Total Deferred Taxes	6.56Cr	70.5L	79.9L	1.13Cr	60.8L
Normalized Net Income	18Cr	43Cr	56Cr	131.2Cr	183.7Cr
Interest on Long-Term Debt	4.11Cr	3.86Cr	3.81Cr	4.54Cr	8.13Cr
Non-Cash Pension Expense	10.1L	12.8L	17.3L	24.3L	14.1L
Supplemental Operating Expense Items
Advertising Expense	5.98Cr	9.16Cr	30Cr	42Cr	79Cr
Selling and Marketing Expenses	5.98Cr	9.16Cr	30Cr	42Cr	79Cr
Net Rental Expense, Total	-	1.61Cr	1.1Cr	60.9L	53.1L
Imputed Operating Lease Interest Expense	-	1.22Cr	84.77L	56.19L	22.09L
Imputed Operating Lease Depreciation	-	38.44L	25.53L	5L	31.01L
Maintenance & Repair Expenses, Total	2.33Cr	3.01Cr	8.62Cr	3.93Cr	3.15Cr

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	6.94Cr	12Cr	18Cr	26Cr	94Cr
Total Cash And Short Term Investments	6.94Cr	12Cr	18Cr	26Cr	94Cr
Accounts Receivable, Total	34Cr	29Cr	39Cr	39Cr	50Cr
Other Receivables	9.95Cr	11Cr	14Cr	12Cr	13Cr
Notes Receivable	15L	1.49Cr	16.4L	23.4L	11.3L
Total Receivables	44Cr	41Cr	54Cr	51Cr	63Cr
Inventory	638.21Cr	703.54Cr	596.88Cr	958.86Cr	2.02TCr
Prepaid Expenses	8.64Cr	7.4Cr	3.38Cr	7.38Cr	7.08Cr
Other Current Assets, Total	64Cr	101.62Cr	170.48Cr	163.82Cr	484.04Cr
Total Current Assets	761.65Cr	866.02Cr	842.43Cr	1.21TCr	2.67TCr
Gross Property Plant And Equipment	236.68Cr	250.21Cr	265.14Cr	305.26Cr	336.76Cr
Accumulated Depreciation	-45Cr	-62Cr	-80Cr	-94Cr	-47Cr
Net Property Plant And Equipment	191.89Cr	187.99Cr	185.46Cr	211.55Cr	290.15Cr
Long-term Investments	1.11Cr	1.17Cr	1.17Cr	4.48Cr	108.61Cr
Goodwill	45Cr	42Cr	25Cr	33Cr	33Cr
Other Intangibles, Total	8.4Cr	7.53Cr	1.07Cr	96.1L	1.7Cr
Other Long-Term Assets, Total	6.34Cr	6.02Cr	7.1Cr	7.55Cr	42Cr
Total Assets	1.01TCr	1.11TCr	1.06TCr	1.46TCr	3.14TCr
Liabilities
Accounts Payable, Total	74Cr	169.74Cr	131.75Cr	148.89Cr	255.73Cr
Accrued Expenses, Total	8.79Cr	7.42Cr	8.89Cr	11Cr	28Cr
Short-term Borrowings	223.8Cr	195.74Cr	157.96Cr	283.52Cr	814.98Cr
Current Portion of Long-Term Debt	28Cr	23Cr	20Cr	21Cr	-
Current Portion of Leases	15Cr	8.06Cr	9.67Cr	13Cr	23Cr
Current Income Taxes Payable	3.11Cr	8.75Cr	-	11Cr	2.02Cr
Other Current Liabilities	366.48Cr	296.11Cr	219.68Cr	292.91Cr	359.76Cr
Total Current Liabilities	719.07Cr	708.55Cr	547.86Cr	780.9Cr	1.48TCr
Long-Term Debt	47Cr	76Cr	105.34Cr	92Cr	8.11Cr
Long-Term Leases	26Cr	33Cr	31Cr	46Cr	84Cr
Pension & Other Post Retirement Benefits	1.01Cr	1.46Cr	1.75Cr	2L	-
Deferred Tax Liability Non Current	4.9Cr	5.63Cr	6.42Cr	7.5Cr	7.98Cr
Other Non Current Liabilities	2.64Cr	3.54Cr	4.19Cr	4.51Cr	5.94Cr
Total Liabilities	800.17Cr	828.22Cr	696.82Cr	930.6Cr	1.59TCr
Preferred Stock Convertible	63Cr	63Cr	63Cr	-	-
Total Preferred Equity	63Cr	63Cr	63Cr	-	-
Common Stock, Total	55Cr	55Cr	55Cr	118Cr	135.71Cr
Additional Paid In Capital	-	-	-	-	782.06Cr
Retained Earnings	145.56Cr	203.17Cr	277.45Cr	429.92Cr	650.67Cr
Comprehensive Income and Other	-10Cr	-12Cr	-22Cr	-14Cr	-15Cr
Total Common Equity	190.3Cr	246.42Cr	310.73Cr	534.38Cr	1.55TCr
Minority Interest	-39Cr	-27Cr	-7.79Cr	-	-
Total Equity	213.98Cr	282.01Cr	365.73Cr	534.38Cr	1.55TCr
Total Liabilities And Equity	1.01TCr	1.11TCr	1.06TCr	1.46TCr	3.14TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.52Cr	5.52Cr	5.52Cr	12Cr	14Cr
ECS Total Common Shares Outstanding	5.52Cr	5.52Cr	5.52Cr	12Cr	14Cr
Book Value / Share	34.47	44.64	56.29	45.29	114.51
Tangible Book Value	137.14Cr	197.39Cr	284.33Cr	500.22Cr	1.52TCr
Tangible Book Value Per Share	24.85	35.76	51.51	42.39	111.93
Total Debt	339.36Cr	335.59Cr	324.14Cr	455.19Cr	930.36Cr
Net Debt	332.42Cr	323.2Cr	306.58Cr	429.11Cr	836.78Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.3Cr	2.83Cr	3.32Cr	1.96Cr	3.31Cr
Debt Equivalent Oper. Leases	-	13Cr	8.82Cr	4.87Cr	4.25Cr
Minority Interest, Total (Incl. Fin. Div)	-39Cr	-27Cr	-7.79Cr	-	-
Account Code - Inventory Valuation	-	-	6	6	6
Inventories - Raw Materials, Total	-	-	-	19.7L	5.98Cr
Inventories - Finished Goods, Total	638.21Cr	703.54Cr	596.88Cr	958.66Cr	2.01TCr
Land - (BS)	3.09Cr	3.09Cr	3.09Cr	3.09Cr	3.09Cr
Buildings, Total	115.69Cr	115.7Cr	117.29Cr	117.5Cr	127.68Cr
Machinery, Total	29Cr	30Cr	34Cr	37Cr	53Cr
Full Time Employees	-	-	1.04T	1.23T	2.1T
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	89.9L

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	1.06Cr	58Cr	74Cr	154.34Cr	218.27Cr
Depreciation & Amortization - CF	22Cr	18Cr	18Cr	21Cr	35Cr
Amortization of Goodwill and Intangible Assets - (CF)	4L	2L	3L	-	-
Depreciation & Amortization, Total	23Cr	18Cr	18Cr	21Cr	35Cr
Amortization of Deferred Charges, Total - (CF)	1.13Cr	1.16Cr	86.1L	17.9L	22.5L
(Gain) Loss From Sale Of Asset	-	-	-	-50T	98L
(Gain) Loss on Sale of Investments - (CF)	-	-	-	20.2L	-
Asset Writedown & Restructuring Costs	3.05Cr	3.05Cr	3.05Cr	2.04Cr	-
Provision and Write-off of Bad Debts	-4.58Cr	-	-	-	91.3L
Other Operating Activities, Total	56Cr	49Cr	89Cr	78Cr	22Cr
Change In Accounts Receivable	30Cr	4.67Cr	-11Cr	1.79Cr	-13Cr
Change In Inventories	117.2Cr	-65Cr	106.66Cr	-361.98Cr	-1.06TCr
Change In Accounts Payable	-34Cr	96Cr	-38Cr	17Cr	106.84Cr
Change in Other Net Operating Assets	-45Cr	-91Cr	-135.82Cr	93Cr	15Cr
Cash from Operations	147.26Cr	73Cr	107.13Cr	6.32Cr	-675.44Cr
Capital Expenditure	-34Cr	-5.18Cr	-47Cr	-31Cr	-53Cr
Sale of Property, Plant, and Equipment	-	-	-	3L	3L
Investment in Marketable and Equity Securities, Total	6.55Cr	-18Cr	-2.37Cr	-22Cr	-389.17Cr
Other Investing Activities, Total	97.5L	1.5Cr	1.77Cr	3.33Cr	18Cr
Cash from Investing	-26Cr	-22Cr	-47Cr	-49Cr	-424.03Cr
Short Term Debt Issued, Total	-	-	-	115.51Cr	510.42Cr
Long-Term Debt Issued, Total	-	30Cr	29Cr	-	-
Total Debt Issued	-	30Cr	29Cr	115.51Cr	510.42Cr
Short Term Debt Repaid, Total	-36Cr	-33Cr	-41Cr	-	-
Long-Term Debt Repaid, Total	-121.43Cr	-11Cr	-12Cr	-21Cr	-110.76Cr
Total Debt Repaid	-157.38Cr	-44Cr	-52Cr	-21Cr	-110.76Cr
Issuance of Common Stock	-	-	-	-	18Cr
Issuance of Preferred Stock	63Cr	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-2.42Cr	-
Other Financing Activities, Total	-33Cr	-31Cr	-31Cr	-41Cr	749.6Cr
Cash from Financing	-128.06Cr	-46Cr	-55Cr	51Cr	1.17TCr
Miscellaneous Cash Flow Adjustments	-	-	-	-30T	-
Net Change in Cash	-6.87Cr	5.44Cr	5.18Cr	8.52Cr	68Cr
Supplemental Items
Cash Interest Paid	33Cr	31Cr	31Cr	41Cr	35Cr
Cash Income Tax Paid (Refund)	-7.05Cr	9.17Cr	36Cr	38Cr	83Cr
Levered Free Cash Flow	-	39.2L	-46Cr	-136.85Cr	-1.06TCr
Unlevered Free Cash Flow	-	20Cr	-26Cr	-108.76Cr	-1.04TCr
Change In Net Working Capital	-	69Cr	93Cr	256.87Cr	1.21TCr
Net Debt Issued / Repaid	-157.38Cr	-14Cr	-23Cr	95Cr	399.66Cr

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	-	7.16	8.77	12.46	8.19
Return on Total Capital	-	12.99	14.57	18.75	10.87
Return On Equity %	-	28.03	28.93	34.29	20.9
Return on Common Equity	-	26.38	26.67	36.53	20.9
Margin Analysis
Gross Profit Margin %	10.07	10.66	8.82	8.38	9.1
SG&A Margin	3.06	2.82	2.33	2.14	2.49
EBITDA Margin %	3.29	5.02	3.51	4.24	4.1
EBITA Margin %	2.78	4.71	3.35	4.12	3.93
EBIT Margin %	2.77	4.71	3.35	4.12	3.93
Income From Continuing Operations Margin %	-0.35	2.69	2.06	2.52	2.84
Net Income Margin %	0.05	2.23	1.63	2.52	2.84
Net Avail. For Common Margin %	0.05	2.23	1.63	2.52	2.84
Normalized Net Income Margin	0.94	1.65	1.23	2.15	2.39
Levered Free Cash Flow Margin	-	0.02	-1	-2.24	-13.81
Unlevered Free Cash Flow Margin	-	0.79	-0.57	-1.78	-13.52
Asset Turnover
Asset Turnover	-	2.43	4.19	4.84	3.34
Fixed Assets Turnover	-	13.6	24.4	30.8	30.67
Receivables Turnover (Average Receivables)	-	81.93	131.96	155.48	172.48
Inventory Turnover (Average Inventory)	-	3.44	6.39	7.2	4.69
Short Term Liquidity
Current Ratio	1.06	1.22	1.54	1.55	1.8
Quick Ratio	0.07	0.07	0.13	0.1	0.11
Operating Cash Flow to Current Liabilities	0.2	0.1	0.2	0.01	-0.46
Days Sales Outstanding (Average Receivables)	-	4.45	2.77	2.35	2.12
Days Outstanding Inventory (Average Inventory)	-	106.07	57.13	50.82	77.76
Average Days Payable Outstanding	-	18.73	13.59	8.61	9.17
Cash Conversion Cycle (Average Days)	-	91.8	46.3	44.56	70.71
Long Term Solvency
Total Debt/Equity	158.59	119	88.63	85.18	59.87
Total Debt / Total Capital	61.33	54.34	46.99	46	37.45
LT Debt/Equity	33.9	38.67	37.35	25.76	5.93
Long-Term Debt / Total Capital	13.11	17.66	19.8	13.91	3.71
Total Liabilities / Total Assets	78.9	74.6	65.58	63.52	50.58
EBIT / Interest Expense	1.56	3.79	4.81	5.61	8.38
EBITDA / Interest Expense	2.21	4.34	5.37	6.07	9.34
(EBITDA - Capex) / Interest Expense	1.24	4.18	3.89	5.39	7.89
Total Debt / EBITDA	4.44	2.41	1.91	1.67	2.76
Net Debt / EBITDA	4.35	2.32	1.8	1.57	2.49
Total Debt / (EBITDA - Capex)	7.92	2.5	2.63	1.88	3.27
Net Debt / (EBITDA - Capex)	7.76	2.41	2.49	1.77	2.95
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	32.95	76.31	34.22	25.87
Gross Profit, 1 Yr. Growth %	-	40.69	45.87	27.59	37.11
EBITDA, 1 Yr. Growth %	-	102.61	23.21	62.39	22.34
EBITA, 1 Yr. Growth %	-	125.56	25.26	65.28	20.61
EBIT, 1 Yr. Growth %	-	125.67	25.26	65.31	20.61
Earnings From Cont. Operations, 1 Yr. Growth %	-	-1.14T	34.79	64.72	40.68
Net Income, 1 Yr. Growth %	-	5.36T	28.96	107.77	40.68
Normalized Net Income, 1 Yr. Growth %	-	133.5	31.69	133.27	39.3
Diluted EPS Before Extra, 1 Yr. Growth %	-	2.56T	28.96	107.77	30.03
Accounts Receivable, 1 Yr. Growth %	-	-14.17	37.07	-0.99	27.62
Inventory, 1 Yr. Growth %	-	10.24	-15.16	60.64	110.76
Net Property, Plant and Equip., 1 Yr. Growth %	-	-2.03	-1.35	14.07	37.16
Total Assets, 1 Yr. Growth %	-	9.47	-4.3	37.87	114.61
Tangible Book Value, 1 Yr. Growth %	-	43.93	44.04	75.93	203.64
Common Equity, 1 Yr. Growth %	-	29.49	26.1	71.98	190.76
Cash From Operations, 1 Yr. Growth %	-	-50.58	47.22	-93.96	-10.78T
Capital Expenditures, 1 Yr. Growth %	-	-84.58	803.59	-36.39	72.14
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-11.78T	205.57	688.84
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-227.02	363.21	846.97
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	53.1	53.83	29.95
Gross Profit, 2 Yr. CAGR %	-	-	43.26	36.42	32.06
EBITDA, 2 Yr. CAGR %	-	-	58	41.45	40.53
EBITA, 2 Yr. CAGR %	-	-	68.09	43.89	40.75
EBIT, 2 Yr. CAGR %	-	-	68.13	43.9	40.77
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	273.69	49.01	52.62
Net Income, 2 Yr. CAGR %	-	-	739.12	63.69	71.41
Normalized Net Income, 2 Yr. CAGR %	-	-	75.36	75.27	80.72
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	485.43	63.69	64.8
Accounts Receivable, 2 Yr. CAGR %	-	-	8.47	16.5	12.53
Inventory, 2 Yr. CAGR %	-	-	-3.29	16.74	84
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-1.69	6.08	25.08
Total Assets, 2 Yr. CAGR %	-	-	2.36	14.87	72.02
Tangible Book Value, 2 Yr. CAGR %	-	-	43.99	59.19	131.14
Common Equity, 2 Yr. CAGR %	-	-	27.78	47.26	123.63
Cash From Operations, 2 Yr. CAGR %	-	-	-14.71	-70.52	153.91
Capital Expenditures, 2 Yr. CAGR %	-	-	18.03	142.69	4.64
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	1T	387.04
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	130.68	565.47
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	46.53	43.86
Gross Profit, 3 Yr. CAGR %	-	-	-	37.83	36.51
EBITDA, 3 Yr. CAGR %	-	-	-	59.45	34.5
EBITA, 3 Yr. CAGR %	-	-	-	67.15	35.39
EBIT, 3 Yr. CAGR %	-	-	-	67.18	35.39
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	184.39	46.43
Net Income, 3 Yr. CAGR %	-	-	-	426.92	55.9
Normalized Net Income, 3 Yr. CAGR %	-	-	-	92.86	62.63
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	314.49	51.87
Accounts Receivable, 3 Yr. CAGR %	-	-	-	5.22	20.18
Inventory, 3 Yr. CAGR %	-	-	-	14.53	42.15
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	3.3	15.57
Total Assets, 3 Yr. CAGR %	-	-	-	13.04	41.48
Tangible Book Value, 3 Yr. CAGR %	-	-	-	53.93	97.43
Common Equity, 3 Yr. CAGR %	-	-	-	41.08	84.75
Cash From Operations, 3 Yr. CAGR %	-	-	-	-64.98	110.17
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-3.16	116.44
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	881.48
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	270.54