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    Manoj Vaibhav Gems N Jewellers Limited

    South India hyperlocal jewellery retail chain running 21 showrooms across Andhra Pradesh and Telangana, selling gold, silver and diamond jewellery under the Vaibhav brand.

    Consumer Durables
    Consumer Discretionary
    View MVGJL earnings calls

    Overview

    Price

    Market Cap

    ₹761 Cr

    Sector

    Consumer Durables

    Consumer Discretionary

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1010103949494949
    Reserves198219263305569670722785
    Borrowings467489503485429400410491
    Other Liabilities14385124248352380426540
    Total Liabilities8198039001.1k1.4k1.5k1.6k1.9k
    AssetsFixed Assets12193878378889282
    CWIP177311001
    Investments00000000
    Other Assets6817048099941.3k1.4k1.5k1.8k
    Total Assets8198039001.1k1.4k1.5k1.6k1.9k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating33-1296960-6726
    Cash from Investing-6111-4-1261272
    Cash from Financing-374-26-5994-7655
    SummaryCapital Expenditure
    Free Cash Flow18-496858-7822
    FCF Margin

    Valuation

    Assumptions

    Current — MVGJL
    Price
    ₹148
    EPS (TTM)
    ₹21.89
    PE (TTM)
    6.7
    Profit growth
    14.9%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (12.3×) and current (6.7×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹148
    vs
    Fair value · 15% return
    ₹135
    8%Overvalued

    At 14.9% growth and a 7× exit, ₹148 only delivers your return if you pay ₹135. The price is currently baking in 17% growth.

    EPS grows 14.9%/yr for 5 years, then fades to 6% over 2, exits at 7×.

    YearGrowthEPS (₹)
    FY2714.9%25.15
    FY2814.9%28.90
    FY2914.9%33.21
    FY3014.9%38.15
    FY3114.9%43.84
    FY3210.4% ·fade48.42
    FY336.0% ·fade51.32

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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