Pushpa Jewellers (PUSHPA)

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

Key Financials

Strengths

• Trailing P/E of 9.21 with sales growth of 18.37% and profit growth of 17.47% implies a PEG of 0.51, combining growth with value
• ROCE of 50.45% indicates excellent capital efficiency
• Piotroski F-Score of 7/9 suggests solid financial health
• Promoter holding of 72.56% aligns interests and shows promoter commitment
• Latest quarter profitable with ₹171 Cr sales and ₹11 Cr net profit

Concerns

• Book Value, ROE, and Debt/Equity are unavailable, leaving leverage and true return on equity unverifiable
• Zero dividend yield means no income cushion for shareholders
• Profit growth of 17.47% slightly lags sales growth of 18.37%, hinting at possible margin pressure
• Stock trades near its 52-week high of ₹133.65, limiting the near-term margin of safety

AI Analysis

At ₹132, Pushpa Jewellers wears a tantalizing mask. A P/E of 9.21 with 18.37% sales growth and 17.47% profit growth gives a PEG of 0.51—a Graham-style bargain if the quality holds. ROCE at 50.45% is exceptional, far above what most Indian businesses earn, suggesting an efficient capital-light model or a strong franchise. Promoters own 72.56%, aligning their interests with mine. The Piotroski F-Score of 7 out of 9 also hints at sound financial health, though I am cautious because the company does not disclose book value, ROE, or debt-equity in the data I have. A jeweller without debt details is like a balance sheet without a lock—I want to inspect the vault before trusting the earnings. The latest quarter shows ₹171 Cr sales and ₹11 Cr net profit, roughly a 6.4% margin; that is respectable, but I need to see whether rising gold prices and competition squeeze it. Zero dividend does not bother me if capital is reinvested at 50% ROCE, but it does demand proof that profits convert into cash and not into unsold inventory. At ₹132, near the 52-week high of ₹133.65, the market has recognised something. The low multiple says there is still room if growth continues. I would not chase; I would wait for a margin of safety, perhaps nearer the lower end of the range, and demand more transparency on leverage and return on equity. If those missing numbers confirm the impression, this small-cap jeweller could be a fast grower at a fair price.

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