P N Gadgil Jewellers Ltd. is one of the top stocks, listed at a massive premium of 74%. In 2024, only a few stocks were listed at this type of enormous premium. The company is one of the best companies in the Diamond, Gems, and Jewellery sector. P N Gadgil Jewellers’ share price target for 2024, 2025, and 2026 can be like multi-bagger returns.
I believe investing in the Jewellery industry at this time might be a good choice for investors. Those who invested in the sector for 1 to 2 years are not making a massive profit, as gold is near its all-time high while silver is down by approximately 8-10% from its all-time high. In the next 4 to 5 years, commodities are also going to give a massive return.
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About P N Gadgil Jewellers Ltd
P N Gadgil Jewellers also known as PNG Jewellers is part of the company. It was founded in 1932 in Maharashtra and now it is the oldest player. The company is involved in the business of manufacturing and selling various silver, gold, and diamond jewelry.
PNGSL is currently present in 3 states, with 30 showrooms in the 23 cities. The company is quite popular in the states of Maharashtra, Karnataka, and Gujrat.
The company has showrooms at various popular locations like Amravati, Aundh (Pune), Beed, Bhosari (Pune), Dhule, Dombivli, Jalgaon, Kalaburagi (Gulbarga – Karnataka), Nandurbar, Narayangaon, Nashik Road, Parbhani, Phaltan, Satara, and many more. You can check all the stores of each state by the P N Gadgil Jewellers official website.
The company also has an online store where you can find various types of jewelry made of Gold, Silver, Diamond, etc. Using the website or their online store, anyone can order their desired product.
P N Gadgil Jewellers Products and Services-
Gold Products
- Tops
- Nath
- Chain
- Pendant
- Bracelet
- Earrings
- Nose Pin
- Necklace
- Pendant Set
- Mangalsutra
- Men’s Accessories
- and many more…
Silver Jewellery
- Tops
- Anklets
- Nosepin
- Earrings
- Bracelets
- Necklace
- Mangalsutra
- Men’s Accessories
- and many more…
Bras Jewellery
- Anklets
- Earrings
- Necklace
- Bracelets
- Finger Rings
- and many more…
Diamond Jewellery
- Earrings
- Bracelet
- Necklace
- Mangalsutra
- Finger Rings
Bullion
- Gold Coins
- Gold Chips
- Silver Coins
- Gold Bullion Wire
- and many more…
P N Gadgil Jewellers Ltd’s Scrip Info
| NSE | PNGJL |
| BSE | 544256 |
| ISIN | INE953R01016 |
| SECTOR | DIAMOND, GEMS, AND JEWELLERY |
Company Analysis
Below you’ll find P N Gadgil Jewellers Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Sep 2023 | ₹ |
| Dec 2023 | ₹ |
| Mar 2024 | ₹ |
| Jun 2024 | ₹ |
| Sep 2024 | ₹ |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹ |
| Mar 2021 | ₹ |
| Mar 2022 | ₹70 |
| Mar 2023 | ₹94 |
| Mar 2024 | ₹154 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹10,461 Cr | ROE | 0.00% |
| P/E Ratio (TTM) | 67.80 | EPS (TTM) | 11.37 |
| P/B Ratio | 7.56 | Div. Yield | 0.00% |
| Industry PE | 88.63 | Book Value | 102.01 |
| Debt to Equity | 0.89 | Face Value | 10 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 |
|---|---|---|---|---|---|
| FIIs | 2.74% | ||||
| DIIs | 5.51% | ||||
| Public | 8.65% | ||||
| Promoters | 83.11% | ||||
| Other Holders | 0.00% |
Key Insights
- Zero promoter pledge.
- High promoter holdings.
- Low debt on the company.
- Rs. 79.6 Crore cash company have.
- Rs. 455 Crore debt on the company.
- The company generates cash from its business.
- Earnings have been improving for the last 2 years.
- PE Ratio (TTM) is below the industry PE, which means the stock is trading at a good price.
P N Gadgil Jewellers Share Price Target
P N Gadgil Jewellers’ share price target for 2024, 2025, and 2026 can be massive as the company is profitable, has low debt on company, has zero promoter pledge, has a strong market share in various cities, and earnings are improving over the years, and many more good things that can make investors rich.
The IPO issue size of the company was Rs. 1,100.00 Crore and the price range was set to Rs. 456 to Rs. 480. The stock was listed in the stock market on 17 Sept at Rs. 830 i.e. 74% premium. It was a massive return for the investors or people who got the stock during the IPO.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹900 | ₹1000 |
| 2025 | ₹1100 | ₹1250 |
| 2026 | ₹1500 | ₹1600 |
Disclaimer: We are not SEBI registered, this post is only for educational purposes. We give the stock price targets based on analysts’ research, news, price action, etc. Please do research or talk to your financial advisor before making any decision.
P N Gadgil Jewellers Share Price Target 2024
The stock listed at the price of 74%, after getting this type of massive return people started booking profit in heavy quantities as a result the stock crashed and on 19 Sept lower circuit of the stock hit. Currently, the stock is trading at Rs. 699.05 and its all-time high was Rs. 848. In short, currently, the stock is down by approx. 17% from its 52-week high.
For the short term, the stock is bearish and it may take a few days to become stable and trade normally. Once, the profit booking is down then you may see the stock going up as new investors may enter.
Once, the profit booking is down, the stock can go up and you can see it trading from Rs. 900 to Rs. 1000. As it is hard to find where which point the stock will reverse and start going up. But if you know technical analysis you may find an entry point.
P N Gadgil Jewellers Share Price Target 2025 and 2026
P N Gadgil Jewellers is a good company but various reasons can affect the earnings of any company in the industry or sector. Metals like Gold and Silver prices change very rapidly which can be one of the major reasons for reducing the profit. On the other side, it can be also the reason for big profits like buying gold at a low price and selling when the gold price is high.
The jewelry designs become outdated very quickly with time, if the company is not ready for this then it may face a huge loss as making new jewelry from old ones is time-consuming and costly. Various reasons affect the earnings of the company.
The P N Gadgil Jewellers Ltd also provides some services like Jewellery maintenance, customer jewelry design, and more. These are also the source of earnings for the company but a majority of earnings or revenue the company makes by selling Jewellery.
As per experts, the Jewellery market is likely to grow by more than 100% in the next 4 to 5 years. Experts expect the industry to grow to $145 billion by FY2028 from $70 billion in FY23. So, the P N Gadgil share price target for 2025 and 2026 can be almost double to Rs. 1500 to Rs. 1600.
FAQs
P N Gadgil Jewellers is a good company with strong fundamentals, financials, and business models. The stock is falling because of the massive profit booking.
Once the profit booking is over, we may see the stock start going up in the short-term to medium-term. The stock can go near Rs. 900 – 1000. To capture the move you should know technical analysis and how to identify reversal in a stock.
There are a lot of major players that rule the industry like Tanishq, Kalyan Jewellers, Malabar Gold, Reliance Jewels, Senco Gold, and many more. These are all major players and have a high market share in India.
On the other side, P N Gadgil Jewellers is a small-cap company with a market cap of approx. Rs. 10,000 Crore as of Sept 2024. It might be tough for the company to compete with other major players.
So, investing in large-cap companies of any industry reduces the risk, and investing in small-cap increases the risk but also profits are high during the bullish days. Now it’s up to you which type of investor you are.
The company is good for long-term investing as it is operating in various states, has low debt on the company, has zero promoter pledge, increases earnings over the years, and many more good things.
In the next 4 to 5 years, the jewelry industry is likely to double. Experts expect the industry to grow to $145 billion by FY2028 from $70 billion in FY23.
It is the massive expected growth and in the world, India is one of the top companies where gold and silver jewellery bought a lot.
Final Words
P N Gadgil Jewellers Ltd is a small-cap company with 30 showrooms in 23 cities and 3 states. In these cities, the company is very popular. It is a profitable company with low debt and zero promoter pledges. It is listed at a 74% premium due to strong fundamentals and financials. The jewelry industry is likely to double in the next 5 to 6 years, an analysis of P N Gadgil Jewellers’ share price target for 2024, 2005, and 2026 may help you.
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