Pngs Reva Diamond Jewellery Limited (PNGSREVA)

About

Pngs Reva Diamond Jewellery Limited operates in gems, jewellery, and watches within India's consumer discretionary sector. With a market capitalization of ₹1,812.45 Cr and recent standalone quarterly revenues ranging from ₹117.97–144.18 Cr, the company maintains net profit margins above 21%.

Face value: ₹10

Market cap

₹1,599 Cr

P/E

24.7×

P/B

3.1×

Dividend yield

0%

ROE

12.6%

ROCE

18.6%

Debt / equity

0.32

OPM

21.6%

EPS (TTM)

₹20.4

Book value

₹162.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue declining over three quarters: ₹144.18 Cr (Dec 2025) → ₹138.13 Cr (Mar 2026) → ₹117.97 Cr (Jun 2026). Verify whether this is seasonal demand weakness or structural deterioration in jewellery market demand.
Valuation elevated at PE 28.03 relative to ROE of 12.55%, leaving minimal margin of safety and creating downside exposure if earnings disappoint.
Consumer discretionary exposure—demand highly sensitive to interest rates, economic cycles, and consumer confidence. Verify correlation with credit growth and discretionary spending trends.

Generated analysis · source review pending

Growth drivers

Operating leverage—Jun 2026 net profit of ₹27.21 Cr (OPM 28.76%) exceeded Mar 2026's ₹21.41 Cr (OPM 22.14%) despite 14.8% lower revenue, indicating operational efficiency gains. Verify if margin expansion reflects product-mix shifts, cost discipline, or one-time benefits.
Balance-sheet capacity—D/E ratio of 0.32 is conservative, enabling investment in working capital, inventory, or expansion without financial stress.
Market demand recovery—verify whether discretionary jewellery spending in India is cyclically improving, which would unlock volume growth at current margin levels.

Generated analysis · source review pending

141 historical price candles were omitted because the exchange source has not been verified.

₹504.4-1.8%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 21.6%
+Revenue CAGR of 30.2% over the last 3 years
+High promoter holding of 64.8% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

59/100

Business quality: 55
Growth: 63
Valuation: 59

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Kalyan Jewellers India LimitedKALYANKJILKALYANKJIL	₹54,578 Cr	₹55,102 Cr	₹39,063 Cr	₹2,616 Cr	7%	₹1,435 Cr	3.8%	31.5%	24.3%	136
Lalithaa Jewellery Mart LimitedLALITHAALALITHAA	₹21,708 Cr	₹23,312 Cr	₹25,024 Cr	₹1,674 Cr	6.7%	₹1,010 Cr	4%	54.3%	41.6%	—
Thangamayil Jewellery LimitedTHANGAMAYLTHANGAMAYL	₹15,118 Cr	₹15,943 Cr	₹9,606 Cr	₹621 Cr	6.6%	₹391 Cr	4.1%	39.1%	27.9%	142
Sky Gold And Diamonds LimitedSKYGOLDSKYGOLD	₹12,557 Cr	₹13,426 Cr	₹7,176 Cr	₹520 Cr	6.9%	₹343 Cr	4.5%	45.9%	29.3%	77
Pc Jeweller LimitedPCJEWELLERPCJEWELLER	₹12,449 Cr	₹13,522 Cr	₹3,505 Cr	₹785 Cr	20%	₹775 Cr	21.3%	11.7%	9.9%	1,082
Bluestone Jewellery And Lifestyle LimitedBLUESTONEBLUESTONE	₹12,008 Cr	₹12,753 Cr	₹2,681 Cr	₹442 Cr	16%	₹56 Cr	0.5%	9.8%	1.1%	659
P N Gadgil Jewellers LimitedPNGJLPNGJL	₹7,897 Cr	₹9,477 Cr	₹11,438 Cr	₹669 Cr	5.7%	₹446 Cr	3.8%	34.3%	23.3%	121
Timex Group India LimitedTIMEXTIMEX	₹7,368 Cr	₹7,370 Cr	₹419 Cr	₹32 Cr	7.7%	₹21 Cr	5%	32.7%	29.4%	—
Ethos LimitedETHOSLTDETHOSLTD	₹6,785 Cr	₹6,786 Cr	₹1,728 Cr	₹223 Cr	12.9%	₹106 Cr	6%	10.4%	7.7%	180
Senco Gold LimitedSENCOSENCO	₹5,199 Cr	₹6,769 Cr	₹9,660 Cr	₹999 Cr	11.5%	₹571 Cr	6.8%	38%	25.6%	259
Kddl LimitedKDDLKDDL	₹4,811 Cr	₹4,967 Cr	₹2,322 Cr	₹335 Cr	14.3%	₹97 Cr	6.3%	11.9%	8.8%	192
D. P. Abhushan LimitedDPABHUSHANDPABHUSHAN	₹4,273 Cr	₹4,433 Cr	₹2,340 Cr	₹100 Cr	4.3%	₹62 Cr	2.6%	40.8%	29.4%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	199	196	258	439
COGS	123	132	167	318
Gross profit	75	63	92	121
	7	7	12	26
	69	56	80	95
OPM %	34.6%	28.7%	30.8%	21.6%
Depreciation	0	0	0	1
Interest	0	0	1	10
	1	1	1	2
Profit before tax	69	57	79	86
Tax	17	14	20	22
Tax %	25.2%	25.2%	24.9%	25.2%
	52	42	59	65
PAT margin %	26%	21.7%	23%	14.7%
EPS (₹)	—	—	—	28.4
EPS adjusted (₹)	—	—	—	20.4
Annual report	—	—	—	Annual report for Mar 2026

₹ Cr	Mar 2026
Equity capital	32
Reserves	484
	166
	34
Total equity & liabilities	715
	3
CWIP	0
Investments	0
	713
Total assets	715

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	40	18	39	-105
	0	1	-159	-247
	-1	-0	173	427
Net cash flow	39	19	53	75
Free cash flow	—	—	—	-107
CFO / Operating profit %	57.5%	32.7%	49%	-110.4%

Compounded sales growth

7 years: —
5 years: —
3 years: 30%
1 year: 70%

Compounded profit growth

7 years: —
5 years: —
3 years: 8%
1 year: 9%

Return on equity

7 years: —
5 years: —
3 years: —
Last year: 13%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	38%	32.4%	35.4%	27.7%
EBITDA margin %	34.6%	28.7%	30.8%	21.6%
EBIT margin %	34.6%	28.7%	30.8%	21.5%
PAT margin %	26%	21.7%	23%	14.7%
Working capital
Receivable days	—	—	—	2
Inventory days	—	—	—	386
Payable days	—	—	—	23
NWC days	—	—	—	364
Leverage
Current ratio	—	—	—	3.61
Debt to EBITDA	—	—	—	1.75
Debt to equity	—	—	—	0.32
Interest coverage	1,730.5	945.5	62.4	9.8
Asset turnover	—	—	—	0.61
Return ratios
Return on assets %	—	—	—	9%
Return on capital employed %	—	—	—	18.6%
Return on equity %	—	—	—	12.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Dec 2025	Mar 2026	Jun 2026
	60.32%	63.09%	64.77%
	6.71%	5.27%	4.42%
	16.6%	13.11%	10.17%
Government	0%	0%	0%
	16.37%	18.53%	20.64%
No. of shareholders	31,942	18,803	15,921

Promoter holding up 4.45 percentage points since Dec 2025.

23 deals · 4 Mar 2026 – 29 Jul 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
29 Jul 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	2,05,739	₹453.06	₹9.32 Cr
29 Jul 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	2,05,666	₹452.81	₹9.31 Cr
29 Jul 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Buy	1,78,571	₹454.34	₹8.11 Cr
29 Jul 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Sell	1,78,571	₹454.28	₹8.11 Cr
5 Jun 2026	P.N. GADGIL & SONS LIMITED	Bulk	NSE	Buy	1,60,000	₹391.58	₹6.27 Cr
22 May 2026	BARING PRIVATE EQUITY INDIA FUND 6	Bulk	NSE	Buy	2,13,766	₹390.00	₹8.34 Cr
18 May 2026	GADGIL GOVIND VISHWANATH	Bulk	NSE	Buy	1,60,000	₹365.78	₹5.85 Cr
14 May 2026	GADGIL GOVIND VISHWANATH	Bulk	NSE	Buy	1,62,000	₹376.01	₹6.09 Cr
8 Apr 2026	NIRAJ RAJNIKANT SHAH	Bulk	NSE	Sell	1,96,900	₹377.26	₹7.43 Cr
25 Mar 2026	RGSL INVESTMENT LVF 1	Bulk	BSE	Sell	7,00,000	₹365.00	₹25.55 Cr

1–10 of 23

1 / 3

Mr. Govind Vishwanath GadgilNon-Executive - Non Independent Director-Chairperson
Mr. Amit Yeshwant ModakExecutive Director-CEO
Mr. Aditya Amit ModakNon-Executive - Non Independent Director
Mr. Ranjeet Sadashiv NatuNon-Executive - Independent Director
Mr. Ravindra Kamalakar LaleNon-Executive - Independent Director
Mrs. Aparna Prasad PurohitNon-Executive - Independent Director
Kirti Suryakant VaidyaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

2

across 1 fund houses

Held by these funds

4.37%

of the company's equity

All mutual funds

4.63%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

2 schemes

		Shares
INDIA CONSUMER FUND	Tata Mutual Fund	10.36 L	55.6	1.92%	3.269%	-0
VALUE FUND	Tata Mutual Fund	3.5 L	18.75	0.22%	1.103%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

30

Annual reports

1

Annual Report FY2026from bse Summary

Offer and rights documents

1

PNGS Reva Diamond Jewellery Limited — PROSPECTUSListing · 2 Mar 2026

Credit ratings

1

The intimation of Credit Rating received by company from CARE Ratings Limited is enclosed.7 Sept 2026 from CARE

Investor Presentation and earnings call

3

Jul 2026TranscriptAI SummaryPPT REC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results29 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

16 announcementsExport CSV

28 Sept 2026, 5:30 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

22 Sept 2026, 1:26 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

16 Sept 2026, 12:18 pmCompany Update

Launch Of New E-Commerce Platform Of The Company

General PDF

9 Sept 2026, 2:06 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

7 Sept 2026, 5:49 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

30 Jul 2026, 11:40 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

29 Jul 2026, 7:14 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

29 Jul 2026, 2:52 pmCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

Date	Category	Subject	Filing
28 Sept 2026, 5:30 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
22 Sept 2026, 1:26 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

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Pngs Reva Diamond Jewellery Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Offer and rights documents

Credit ratings

Investor Presentation and earnings call

Events

Board meetings1

Announcements

Ratio timeline

Board meetings1

Not in the F&O segment

Announcements

Annual reports

Offer and rights documents

Credit ratings

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1