PNGJL
P N Gadgil Jewellers Limited, together with its subsidiaries, engages in the retail sale of gems, diamonds, semi-precious stones, and jewellery products in India and the United States. The company sells traditional, modern, and functional jewellery in gold, silver, platinum, and diamond, including earrings, rings, necklaces, pendants, mangalsutras, bracelets and bangles, and nosepins, as well as … Read more
PNGJL (PNGJL) - Net Assets
Latest net assets as of September 2025: ₹17.01 Billion INR
Based on the latest financial reports, PNGJL (PNGJL) has net assets worth ₹17.01 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹43.41 Billion) and total liabilities (₹26.40 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹17.01 Billion |
| % of Total Assets | 39.18% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 202.16 |
PNGJL - Net Assets Trend (2022–2025)
This chart illustrates how PNGJL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PNGJL (2022–2025)
The table below shows the annual net assets of PNGJL from 2022 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹-15.53 Billion | -390.71% |
| 2024-03-31 | ₹5.34 Billion | +46.11% |
| 2023-03-31 | ₹3.66 Billion | +29.69% |
| 2022-03-31 | ₹2.82 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PNGJL'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 220.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹6.51 Billion | 41.87% |
| Common Stock | ₹1.36 Billion | 8.73% |
| Other Components | ₹7.68 Billion | 49.39% |
| Total Equity | ₹15.54 Billion | 100.00% |
PNGJL Competitors by Market Cap
The table below lists competitors of PNGJL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PRIMA MARINE PCL-NVDR
BK:PRM-R
|
$145.66 Million |
|
British American Tobacco Malaysia Bhd
KLSE:4162
|
$145.66 Million |
|
Halk Gayrimenkul Yatirim Ortakligi AS
IS:HLGYO
|
$145.70 Million |
|
Microbot Medical Inc
NASDAQ:MBOT
|
$145.73 Million |
|
SHANDONG BOAN BIOTECH.H 1
F:UJ9
|
$145.58 Million |
|
Solara Active Pharma Sciences Limited
NSE:SOLARA
|
$145.55 Million |
|
Gigasolar Materials
TWO:3691
|
$145.51 Million |
|
Nordrest Holding AB (publ)
ST:NREST
|
$145.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PNGJL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,343,770,000 to 15,539,380,000, a change of 10,195,610,000 (190.8%).
- Net income of 25,516,838 contributed positively to equity growth.
- Share repurchases of 478,030,000 reduced equity.
- New share issuances of 177,080,000 increased equity.
- Other factors increased equity by 10,471,043,162.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹25.52 Million | +0.16% |
| Share Repurchases | ₹478.03 Million | -3.08% |
| Share Issuances | ₹177.08 Million | +1.14% |
| Other Changes | ₹10.47 Billion | +67.38% |
| Total Change | ₹- | 190.79% |
Book Value vs Market Value Analysis
This analysis compares PNGJL'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: 4.52x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 24.16x to 4.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | ₹22.79 | ₹550.55 | x |
| 2023-03-31 | ₹27.52 | ₹550.55 | x |
| 2024-03-31 | ₹39.38 | ₹550.55 | x |
| 2025-03-31 | ₹121.73 | ₹550.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PNGJL 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): 0.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.03%
- • Asset Turnover: 209.08x
- • Equity Multiplier: 0.02x
- Recent ROE (0.16%) is below the historical average (16.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 18.63% | 2.25% | 2.30x | 3.59x | ₹266.81 Million |
| 2023 | 19.89% | 1.65% | 4.24x | 2.84x | ₹369.32 Million |
| 2024 | 29.03% | 2.54% | 4.17x | 2.74x | ₹1.02 Billion |
| 2025 | 0.16% | 0.03% | 209.08x | 0.02x | ₹-1.53 Billion |
Industry Comparison
This section compares PNGJL's net assets metrics with peer companies in the Luxury Goods industry.
Industry Context
- Industry: Luxury Goods
- Average net assets among peers: $3,119,923,945
- Average return on equity (ROE) among peers: 12.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PNGJL (PNGJL) | ₹17.01 Billion | 18.63% | 1.55x | $145.62 Million |
| D. P. Abhushan Limited (DPABHUSHAN) | $970.79 Million | 28.23% | 3.07x | $55.26 Million |
| Ethos Limited (ETHOSLTD) | $515.18 Million | 0.29% | 2.67x | $288.97 Million |
| Goenka Diamond and Jewels Limited (GOENKA) | $2.64 Billion | -6.02% | 2.09x | $1.18 Million |
| Goldiam International Limited (GOLDIAM) | $2.55 Billion | 6.69% | 0.63x | $146.11 Million |
| Kalyan Jewellers India Limited (KALYANKJIL) | $21.58 Billion | 6.63% | 2.81x | $1.62 Billion |
| Kanani Industries Limited (KANANIIND) | $171.10 Million | 48.65% | 1.77x | $1.81 Million |
| KDDL Limited (KDDL) | $1.62 Billion | 10.59% | 1.66x | $125.89 Million |
| Laxmi Goldorna House Ltd (LGHL) | $314.55 Million | 0.40% | 2.56x | $37.95 Million |
| Lypsa Gems & Jewellery Limited (LYPSAGEMS) | $267.48 Million | 15.22% | 5.40x | $968.81K |
| Moksh Ornaments Limited (MOKSH) | $572.50 Million | 10.92% | 0.87x | $12.89 Million |