Manoj Vaibhav (MVGJL)

FairStock Score: 60/100 — STEADY

Score breakdown: P/E: 3/3 · ROCE: 1/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

Strengths

• P/E of 6.69 and PEG of 0.17 make the stock look undervalued relative to its growth
• High promoter holding of 74.27% aligns interests with minority shareholders
• Strong profitability with ROE of 17.05% and ROCE of 15.79%
• Sales growth of 37.61% and profit growth of 41.03% show solid momentum
• Piotroski score of 7/9 and moderate debt/equity of 0.53 indicate reasonable financial health

Concerns

• Zero dividend yield means no income cushion if growth slows
• Gems and jewellery is inherently cyclical and working-capital intensive
• Latest quarter net margin is only about 5%, leaving limited room for cost shocks
• FairStock Score of 60/100 suggests execution or quality is not exceptional

AI Analysis

At ₹175.90, Manoj Vaibhav trades at just 6.69 times trailing earnings and 1.29 times book value, while earning 17.05% on equity and 15.79% on capital employed. For a Graham investor, that is a real margin of safety. Growth is even more striking: sales up 37.61%, profit up 41.03%, giving a PEG of only 0.17. The latest quarter recorded ₹685 Cr sales and ₹35 Cr net profit, so the momentum is not just a historical footnote. A Piotroski score of 7 out of 9 and a debt/equity ratio of 0.53 tell me the balance sheet is in reasonable shape, and with promoters owning 74.27%, minority shareholders are sitting on the same boat. Yet I must remember that a cheap cyclical can stay cheap if the cycle turns. The gems and jewellery industry is working-capital heavy and exposed to demand and price swings. Zero dividend yield means there is no income support; I am relying entirely on growth and eventual repricing. The FairStock Score of 60/100 also reminds me not to overpay for 'steady' quality. Still, when a company grows profits at 41% and sells at 6.69 times earnings, the asymmetry is in my favour. Price is what you pay; value is what you get. Here, value appears to be more than the price. I would not buy with reckless urgency, but I would put this high on my watchlist and begin a small, staggered position, while monitoring quarterly execution and leverage closely.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer