Manoj Vaibhav Gems 'N' Jewellers Limited (MVGJL) - Net Assets
Based on the latest financial reports, Manoj Vaibhav Gems 'N' Jewellers Limited (MVGJL) has net assets worth Rs7.71 Billion INR (≈ $83.36 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs16.06 Billion ≈ $173.69 Million USD) and total liabilities (Rs8.35 Billion ≈ $90.33 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Manoj Vaibhav Gems 'N' Jewellers Limited to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs7.71 Billion |
| % of Total Assets | 47.99% |
| Annual Growth Rate | 24.71% |
| 5-Year Change | 213.89% |
| 10-Year Change | N/A |
| Growth Volatility | 122.73 |
Manoj Vaibhav Gems 'N' Jewellers Limited - Net Assets Trend (2018–2025)
This chart illustrates how Manoj Vaibhav Gems 'N' Jewellers Limited's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Manoj Vaibhav Gems 'N' Jewellers Limited for the complete picture of this company's asset base.
Annual Net Assets for Manoj Vaibhav Gems 'N' Jewellers Limited (2018–2025)
The table below shows the annual net assets of Manoj Vaibhav Gems 'N' Jewellers Limited from 2018 to 2025. For live valuation and market cap data, see Manoj Vaibhav Gems 'N' Jewellers Limited (MVGJL) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs7.19 Billion ≈ $77.73 Million |
+16.35% |
| 2024-03-31 | Rs6.18 Billion ≈ $66.81 Million |
+79.30% |
| 2023-03-31 | Rs3.45 Billion ≈ $37.26 Million |
+26.27% |
| 2022-03-31 | Rs2.73 Billion ≈ $29.51 Million |
+19.16% |
| 2021-03-31 | Rs2.29 Billion ≈ $24.76 Million |
-72.03% |
| 2020-03-31 | Rs8.19 Billion ≈ $88.53 Million |
+345.22% |
| 2019-03-31 | Rs1.84 Billion ≈ $19.88 Million |
+20.05% |
| 2018-03-31 | Rs1.53 Billion ≈ $16.56 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Manoj Vaibhav Gems 'N' Jewellers Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 321.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs4.86 Billion | 67.68% |
| Common Stock | Rs488.47 Million | 6.80% |
| Other Components | Rs1.83 Billion | 25.52% |
| Total Equity | Rs7.19 Billion | 100.00% |
Manoj Vaibhav Gems 'N' Jewellers Limited Competitors by Market Cap
The table below lists competitors of Manoj Vaibhav Gems 'N' Jewellers Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Investcorp India Acquisition Corp. Class A ordinary share
NASDAQ:IVCA
|
$95.33 Million |
|
Brave C&H Supply Co Ltd
TWO:6538
|
$95.36 Million |
|
BMT Co. Ltd
KQ:086670
|
$95.42 Million |
|
JOYCITY Corporation
KQ:067000
|
$95.46 Million |
|
Economic Investment Trust Ltd
TO:EVT
|
$95.26 Million |
|
R. Stahl AG NA O.N.
F:RSL2
|
$95.25 Million |
|
Catur Sentosa Adiprana Tbk
JK:CSAP
|
$95.24 Million |
|
Stealth Group Holdings Ltd
AU:SGI
|
$95.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Manoj Vaibhav Gems 'N' Jewellers Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,177,820,000 to 7,187,620,000, a change of 1,009,800,000 (16.3%).
- Net income of 1,004,210,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs1.00 Billion | +13.97% |
| Other Changes | Rs5.59 Million | +0.08% |
| Total Change | Rs- | 16.35% |
Book Value vs Market Value Analysis
This analysis compares Manoj Vaibhav Gems 'N' Jewellers Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.60x to 1.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-03-31 | Rs39.19 | Rs180.40 | x |
| 2019-03-31 | Rs47.05 | Rs180.40 | x |
| 2020-03-31 | Rs34.86 | Rs180.40 | x |
| 2021-03-31 | Rs46.88 | Rs180.40 | x |
| 2022-03-31 | Rs55.86 | Rs180.40 | x |
| 2023-03-31 | Rs70.54 | Rs180.40 | x |
| 2024-03-31 | Rs140.23 | Rs180.40 | x |
| 2025-03-31 | Rs147.16 | Rs180.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Manoj Vaibhav Gems 'N' Jewellers Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.97%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.21%
- • Asset Turnover: 1.59x
- • Equity Multiplier: 2.08x
- Recent ROE (13.97%) is below the historical average (14.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 11.89% | 1.38% | 2.16x | 3.99x | Rs29.00 Million |
| 2019 | 16.70% | 2.46% | 1.82x | 3.72x | Rs123.20 Million |
| 2020 | 14.32% | 1.91% | 1.56x | 4.81x | Rs73.58 Million |
| 2021 | 9.06% | 1.45% | 1.79x | 3.51x | Rs-21.62 Million |
| 2022 | 16.01% | 2.58% | 1.88x | 3.30x | Rs163.93 Million |
| 2023 | 20.78% | 3.53% | 1.88x | 3.13x | Rs371.41 Million |
| 2024 | 13.10% | 3.76% | 1.54x | 2.27x | Rs191.48 Million |
| 2025 | 13.97% | 4.21% | 1.59x | 2.08x | Rs285.45 Million |
Industry Comparison
This section compares Manoj Vaibhav Gems 'N' Jewellers Limited's net assets metrics with peer companies in the Luxury Goods industry.
Industry Context
- Industry: Luxury Goods
- Average net assets among peers: $3,300,659,218
- Average return on equity (ROE) among peers: 16.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Manoj Vaibhav Gems 'N' Jewellers Limited (MVGJL) | Rs7.71 Billion | 11.89% | 1.08x | $95.30 Million |
| D. P. Abhushan Limited (DPABHUSHAN) | $1.38 Billion | 29.29% | 2.00x | $272.95 Million |
| Ethos Limited (ETHOSLTD) | $515.18 Million | 0.29% | 2.67x | $695.83 Million |
| Goenka Diamond and Jewels Limited (GOENKA) | $703.32 Million | 38.93% | 3.56x | $2.81 Million |
| Goldiam International Limited (GOLDIAM) | $4.81 Billion | 12.68% | 0.28x | $532.37 Million |
| Kalyan Jewellers India Limited (KALYANKJIL) | $19.68 Billion | 7.23% | 3.34x | $4.74 Billion |
| Laxmi Goldorna House Ltd (LGHL) | $314.55 Million | 0.40% | 2.56x | $136.68 Million |
| Lypsa Gems & Jewellery Limited (LYPSAGEMS) | $918.26 Million | 23.41% | 2.78x | $1.69 Million |
| Moksh Ornaments Limited (MOKSH) | $6.64 Million | 19.75% | 29.25x | $12.26 Million |
| Motisons Jewellers Ltd (MOTISONS) | $1.37 Billion | 16.15% | 1.45x | $143.87 Million |
About Manoj Vaibhav Gems 'N' Jewellers Limited
Manoj Vaibhav Gems 'N' Jewellers Limited engages in the jewelry retail business under the Vaibhav Jewellers brand in India. The company offers gold bangles, harams, vaddanam, locket, vanky, chains, rings, maang tikka, necklace, earrings, pendants, mangalsutra, chokers, and bracelets, and accessories, as well as gold coins; and diamond bangles, bracelets, earrings, mangalsutra, necklace, nosepins,… Read more