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D. P. Abhushan Ltd.
(DPABHUSHAN)
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Rating:64Neutral
Price Target:
₹1,414.00
▼(-3.12% Downside)
Action:Reiterated
Date:07/21/26
The score is primarily held back by weak financial quality due to sustained negative operating and free cash flow despite strong revenue and earnings growth. Technicals are supportive with strong trend strength, but extremely overbought indicators raise pullback risk. Valuation is reasonable on P/E, with no dividend data to add support.
Positive Factors
Strong Revenue Growth
The substantial multi-year increase in revenue indicates expanding retail scale and sustained customer demand across the jewellery business. Continued top-line growth can strengthen purchasing leverage, support showroom expansion, and provide a broader base for future profit generation.
Negative Factors
Negative Cash Conversion
Persistent negative operating and free cash flow means reported profits are not converting into liquidity. Continued growth may therefore require additional working capital or external funding, increasing financial pressure and reducing the company’s ability to self-finance expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
The substantial multi-year increase in revenue indicates expanding retail scale and sustained customer demand across the jewellery business. Continued top-line growth can strengthen purchasing leverage, support showroom expansion, and provide a broader base for future profit generation.
Read all positive factors
D. P. Abhushan Ltd. (DPABHUSHAN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹30.17B
Dividend Yield0.19%
Average Volume (3M)27.32K
Price to Earnings (P/E)12.7
Beta (1Y)0.72
Revenue Growth30.80%
EPS Growth91.46%
CountryIN
Employees847
SectorGeneral
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)105.14
Shares Outstanding22,827,920
10 Day Avg. Volume21,631
30 Day Avg. Volume27,320
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)3.40
Price to Sales (P/S)0.53
P/FCF Ratio-17.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
D. P. Abhushan Ltd. Business Overview & Revenue Model
Company Description
D. P. Abhushan Limited functions as an Indian enterprise engaged in the retail distribution of a broad spectrum of exquisite jewelry and ornamental pieces. The company's extensive catalog includes a diverse range of collections, featuring traditio...
How the Company Makes Money
DPABHUSHAN makes money primarily by selling jewellery and bullion-linked products to retail customers through its stores. Its core revenue stream is the sale of gold jewellery, where earnings are driven by (a) the gold value embedded in products a...
D. P. Abhushan Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.77B | 40.65B | 33.11B | 23.40B | 19.75B | 17.31B |
| Gross Profit | 4.33B | 3.67B | 2.66B | 1.50B | 1.34B | 1.09B |
| EBITDA | 3.44B | 3.04B | 1.75B | 1.01B | 768.96M | 751.67M |
| Net Income | 2.40B | 2.12B | 1.13B | 618.62M | 453.17M | 404.35M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 11.43B | 8.37B | 5.37B | 4.08B | 4.14B |
| Cash, Cash Equivalents and Short-Term Investments | 257.55M | 257.55M | 229.03M | 292.09M | 56.72M | 47.11M |
| Total Debt | 0.00 | 3.04B | 1.84B | 1.73B | 1.26B | 1.70B |
| Total Liabilities | -6.33B | 5.10B | 4.33B | 2.99B | 2.27B | 2.76B |
| Stockholders Equity | 6.33B | 6.33B | 4.04B | 2.39B | 1.81B | 1.38B |
Cash Flow | ||||||
| Free Cash Flow | -526.24M | -1.22B | -441.12M | -39.52M | 592.01M | 91.67M |
| Operating Cash Flow | -506.66M | -1.13B | -189.25M | -2.81M | 603.09M | 167.46M |
| Investing Cash Flow | -20.76M | -214.25M | -268.86M | -38.74M | -9.21M | -52.03M |
| Financing Cash Flow | 489.01M | 1.38B | 395.04M | 283.34M | -590.69M | -179.30M |
D. P. Abhushan Ltd. Technical Analysis
Neutral
1459.50
Price Trends
1393.74
Negative
1178.27
Positive
1219.64
Positive
Market Momentum
-14.68
Positive
42.75
Neutral
15.65
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DPABHUSHAN, the sentiment is Neutral. The current price of 1459.5 is above the 20-day moving average (MA) of 1421.11, above the 50-day MA of 1393.74, and above the 200-day MA of 1219.64, indicating a neutral trend. The MACD of -14.68 indicates Positive momentum. The RSI at 42.75 is Neutral, neither overbought nor oversold. The STOCH value of 15.65 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:DPABHUSHAN.
D. P. Abhushan Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹30.17B | 12.72 | ― | 0.19% | 30.80% | 91.46% | |
64 Neutral | ₹122.94B | 12.47 | ― | 0.64% | 36.47% | -8.71% | |
61 Neutral | ₹54.43B | 9.82 | ― | 0.29% | 41.91% | 165.71% | |
57 Neutral | ₹36.49B | 17.95 | ― | 0.43% | 29.14% | 189.45% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹22.74B | 12.82 | ― | 0.28% | 79.55% | 130.38% | |
53 Neutral | ₹89.66B | 18.31 | ― | ― | 47.77% | 76.71% |
* General Sector Average
IN:DPABHUSHAN
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D. P. Abhushan Ltd. Corporate Events
D. P. Abhushan to Open New D. P. Jewellers Showroom in Dahod, Gujarat
Sep 3, 2026
D. P. Abhushan Ltd., which operates the D. P. Jewellers retail brand, is steadily growing its jewellery footprint across India, with a particular emphasis on strengthening its network in emerging regional markets like Gujarat. The company’s ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.