Manoj Vaibhav Gems 'N' Jewellers Limited (MVGJL) AI Stock Analysis

• Market Cap: ₹9.93B
• Dividend Yield: N/A
• Average Volume (3M): 8.12K
• Price to Earnings (P/E): 9.8
• Beta (1Y): 1.47
• Revenue Growth: 9.82%
• EPS Growth: 21.65%
• Country: IN
• Employees: 1,004
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Luxury Goods
• EPS (TTM): 6.50
• Shares Outstanding: 48,847,443
• 10 Day Avg. Volume: 7,259
• 30 Day Avg. Volume: 8,118
• PEG Ratio: 0.83
• Price to Book (P/B): 1.39
• Price to Sales (P/S): 0.42
• P/FCF Ratio: -9.52
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: ₹208.00 ▲(4.71% Upside)

The overall stock score is driven by strong financial performance, particularly in revenue growth and profitability. However, high leverage and recent cash flow challenges pose risks. The technical analysis indicates a bearish trend, while the valuation suggests the stock is undervalued, offering potential upside.

Manoj Vaibhav Gems 'N' Jewellers Limited Business Overview & Revenue Model

Company Description

Manoj Vaibhav Gems 'N' Jewellers Limited (MVGJL) is a renowned company in the gem and jewelry industry, specializing in the design, manufacture, and sale of high-quality jewelry pieces. The company operates across various sectors, including retail, wholesale, and e-commerce, offering a diverse range of products such as gold, diamond, and gemstone-studded jewelry. MVGJL is known for its exquisite craftsmanship and innovative designs, catering to a wide clientele that values luxury and exclusivity.

How the Company Makes Money

MVGJL generates revenue through multiple channels, primarily focusing on the sale of its jewelry products. The company's key revenue streams include its retail stores, where customers can purchase items directly, and its wholesale operations, which supply products to other retailers. Additionally, MVGJL has a significant online presence, enabling it to reach a broader customer base and drive e-commerce sales. The company's earnings are further bolstered by strategic partnerships with suppliers and designers, ensuring a steady supply of high-quality materials and exclusive designs. Seasonal collections, custom jewelry services, and promotional events also contribute to its revenue, enhancing customer engagement and driving sales.

Manoj Vaibhav Gems 'N' Jewellers Limited Financial Statement Overview

Summary

Manoj Vaibhav Gems 'N' Jewellers Limited shows strong revenue growth and profitability, with improvements in net profit margins and return on equity over time. However, the balance sheet reveals high leverage, which could pose risks if not managed carefully. The recent downturn in cash flow performance suggests a need for enhanced cash management strategies.

Income Statement

The company has shown a consistent increase in total revenue over the years, with notable revenue growth from 2024 to 2025. Gross profit margins are healthy, though there was a slight decline in gross profit from 2024 to 2025. The net profit margin has improved, indicating better cost management and profitability. However, there was a decrease in EBIT margin from 2024 to 2025. Overall, the company demonstrates solid revenue growth and profitability metrics, though some margins have slightly contracted.

Balance Sheet

The company's debt-to-equity ratio is relatively high, indicating a significant reliance on debt, which could pose a risk during economic downturns. The equity ratio has improved, suggesting a stronger equity position over time. Return on Equity (ROE) has shown improvement, indicating efficient use of equity to generate profits. While the balance sheet reflects a growing equity base, the high leverage remains a concern.

Cash Flow

The company experienced a decline in operating cash flow in the latest report, with negative free cash flow for the year 2025. The operating cash flow to net income ratio indicates challenges in converting profits into cash. Although there was positive free cash flow in previous years, the recent downturn highlights potential cash flow management issues. The cash flow analysis suggests the need for improved cash conversion efficiency and better management of operational cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	23.94B	23.84B	21.50B	20.27B	16.94B	14.34B
Gross Profit	2.97B	2.49B	2.79B	2.65B	2.08B	1.60B
EBITDA	1.76B	1.78B	1.60B	1.47B	1.08B	791.03M
Net Income	992.54M	1.00B	809.26M	715.96M	436.79M	207.37M
Balance Sheet
Total Assets	0.00	14.98B	13.99B	10.78B	9.00B	8.03B
Cash, Cash Equivalents and Short-Term Investments	297.59M	297.59M	1.75B	132.60M	63.93M	217.22M
Total Debt	0.00	4.00B	4.29B	4.85B	5.03B	4.89B
Total Liabilities	-7.19B	7.79B	7.82B	7.33B	6.27B	5.74B
Stockholders Equity	7.19B	7.19B	6.18B	3.45B	2.73B	2.29B
Cash Flow
Free Cash Flow	0.00	-1.05B	579.79M	678.72M	87.57M	-115.07M
Operating Cash Flow	0.00	-932.58M	595.10M	692.00M	89.57M	-115.07M
Investing Cash Flow	0.00	1.19B	-1.26B	-35.28M	13.03M	109.08M
Financing Cash Flow	0.00	-409.40M	937.82M	-588.05M	-255.90M	42.65M

Manoj Vaibhav Gems 'N' Jewellers Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 198.65
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MVGJL, the sentiment is Neutral. The current price of 198.65 is above the 20-day moving average (MA) of 190.91, above the 50-day MA of 193.42, and below the 200-day MA of 216.67, indicating a neutral trend. The MACD of 1.89 indicates Negative momentum. The RSI at 54.74 is Neutral, neither overbought nor oversold. The STOCH value of 59.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MVGJL.

Manoj Vaibhav Gems 'N' Jewellers Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MVGJL	70 Outperform	₹9.93B	9.78	―	―	9.82%	21.65%
TBZ	63 Neutral	₹13.04B	17.65	―	1.18%	13.93%	22.84%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SENCO	58 Neutral	₹54.65B	25.45	―	0.31%	27.47%	-0.43%
RAJESHEXPO	51 Neutral	₹53.66B	72.91	―	―	93.58%	93.53%