P N Gadgil Jewellers Ltd which is known as PNG is in the Indian jewellery business since 1832 and is recognized for its quality and design.
The local and global markets are being populated by the company and shareholders are concerned with the expected growth of the company and the target share price.
What is P N Gadgil Jewellers Ltd NSE: PNGJL?
P N Gadgil Jewellers Ltd is another jewel in the jewelry industry in India and is quoted on the National Stock Exchange of India. Originally started in Sangli by Ganesh Gadgil and which has been gradually undergoing expansion by running the business through different outlets. The Mongoli Company is a leading player for traditional styles, known as Maharashtrian , and it offers ornaments made in gold, silver, diamond and platinum. The company’s network as of September 2022 was above 35 stores and this includes, 33 stores in India, 1 store in USA and 1 in Dubai.
Fundamental Table
| Metric | Value |
| Market Cap | ₹101.98 Billion |
| P/E Ratio | 66.07 |
| Face Value | ₹10 |
| 52 Week High | ₹848.00 |
| 52 Week Low | ₹681.10 |
| Dividend Yield | |
| ROCE | 16.34% |
| ROE | 14.78% |
| Debt to Equity | 0.32 |
Key Metrics
| Metric | Value |
| Beta | 0.75 |
| Earnings Yield | 1.51% |
| Price to Book Ratio | 9.77 |
| Free Cash Flow | ₹53.21 Crore |
Peers Comparison Table
| Company | Market Cap (₹ Cr) | P/E Ratio | Revenue Growth (YoY) |
| PNG Jewellers | 10,198 | 66.07 | 34.2% |
| Kalyan Jewellers | 13,948 | 56.31 | 26.8% |
| Titan Company | 246,719 | 87.23 | 33.7% |
| PC Jeweller | 1,122 | 47.6% | |
| Tribhovandas Bhimji Zaveri | 615 | 20.89 | 12.8% |
PNG Jewellers share price Target Tomorrow
| Price Type | Target Price | Change |
| Maximum | ₹765.00 | +₹15.00 |
| Minimum | ₹740.00 | -₹10.00 |
PNG Jewellers share price Target 2024
It will be anticipated by 2024 for PNG Jewellers to search for an external opportunity as it aims at consolidating its position in the market and broadening its exclusive space for retail. Management is bullish for the company due to the novelty designs and increasing market for branded jewelry. Its operations can however be affected by gold price volatility and national economic characteristics.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2024 | 650 | 900 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | N/A | N/A |
| February | N/A | N/A |
| March | N/A | N/A |
| April | N/A | N/A |
| May | N/A | N/A |
| June | N/A | N/A |
| July | N/A | N/A |
| August | N/A | N/A |
| September | 650 | 850 |
| October | 700 | 850 |
| November | 750 | 870 |
| December | 800 | 900 |
PNG Jewellers share price Target 2025
Its influence spectrum to reap on an expected brand and geographical expansion in the year ending 2025. However, if the right investments were made in a technological solution that allows efficient omnichannel retailing, there is room for upward movement and if the company succeeds to crack the international markets, there ought to be a subsequent positive change in the share price.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2025 | 880 | 1100 |
Monthly projections for 2025:
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 880 | 920 |
| February | 900 | 940 |
| March | 920 | 960 |
| April | 940 | 980 |
| May | 960 | 1000 |
| June | 980 | 1020 |
| July | 1000 | 1040 |
| August | 1020 | 1060 |
| September | 1040 | 1080 |
| October | 1060 | 1090 |
| November | 1080 | 1100 |
| December | 1090 | 1100 |
Share price Target 2030
It is critical to define the ideal consumers correctly, especially in the jewelry industry because the market is dynamic. The use of raw materials in the manufacture and supply of jewelry will be more of concern to the jewelry business market by 2030. To such concerns, it will be of utmost importance to PNG Jewellers whether it would be able to make the mentioned changes while sustaining the traditional look. It can also be added that the continuation through the brand, through merging or through the purchase can also contribute to the company’s development.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2030 | 1500 | 2200 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 1500 | 1600 |
| February | 1550 | 1650 |
| March | 1600 | 1700 |
| April | 1650 | 1750 |
| May | 1700 | 1800 |
| June | 1750 | 1850 |
| July | 1800 | 1900 |
| August | 1850 | 1950 |
| September | 1900 | 2000 |
| October | 1950 | 2050 |
| November | 2000 | 2100 |
| December | 2100 | 2200 |
Share Price Target 2050
Predicting the price of stock of 2050 is a task which involves a lot of speculation. Much more if PNG Jewellers will continue to improve its magnitude in innovative and respondent way. Company’s long term value will be determined among others by developments in jewelry manufacturing technology to produce the above jewelry and trends in precious metals prices and the world economy.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2050 | 3000 | 5000 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 3000 | 3200 |
| February | 3100 | 3300 |
| March | 3200 | 3400 |
| April | 3300 | 3500 |
| May | 3400 | 3600 |
| June | 3500 | 3700 |
| July | 3600 | 3800 |
| August | 3700 | 3900 |
| September | 3800 | 4000 |
| October | 3900 | 4200 |
| November | 4000 | 4500 |
| December | 4500 | 5000 |
Should I buy PNG Jewellers stock?
Before any investor can decide to invest in PNG Jewellers stock, he needs to consider a certain factors. The company understands its operational capacity, recognized brand image, and has laid down good plans for future expansion. On the other hand, Jeffrey Buttle: On the one hand, the economy and the prices of precious metals are always changing and this has a higher impact on the jewelry business.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2024 | 600 | 900 |
| 2025 | 880 | 1100 |
| 2030 | 1500 | 2200 |
| 2040 | 2200 | 3500 |
| 2050 | 3000 | 5000 |
Stakeholders should consider three factors in PNG Jewellers, namely, financial ratios, strategies that will foster its expansion, and the assessment of the competition environment. The establishment could grwo with more expansion of retail outlets and with better utilization of technology. However, it can be challenging due to shifts in legal frameworks concerning the gold market, and a progressive transition of customers to synthetic diamonds.
Remember that all the business initiatives should correspond to your investment goals, your risk acceptance level and other aspects. Before going for any investment it is advisable to consult a qualified financial experts advice.
P N Gadgil Jewellers Ltd earning results
There has been a significant improvement on the revenue of the company and the profitability of the company. Also, an increase in the net income imply better control of costs of the organization has been achieved.
| Metric | FY 2024 | FY 2023 | YoY Change |
| Revenue | ₹6,119.1 Crore | ₹4,559.31 Crore | +34.2% |
| Net Profit | ₹154.34 Crore | ₹93.7 Crore | +64.7% |
| EPS | ₹11.37 | ₹6.90 | +64.7% |
Expert forecasts on the future of P N Gadgil Jewellers Ltd.
Industry analysts and experts have differing opinions regarding the future of PNG Jewellers
- Market Expansion: Experts believe that kind of moves, like PNG Jewellers targeting tier 2 and 3 cities, mean massive growth.
- Digital Transformation: The younger consumers came to the company because the company invested highly in ecommerce and digital marketing.
- Product Diversification: This is true because jewelry collections for middle-income customers were not launched,
- which is why the PNG Jewellers missed the forecasts. Brand Strength: We once again recognize that the company has comparative coerciveness in Maharashtra, which shall help in the market penetration of growth themes.
- Industry Consolidation The market analysts believe that PNG Jewellers should set the pace of consolidation of the industry through acquisitions.
Conclusion
P N Gadgil Jewellers Ltd. has thus arrived at a crossroads in its strategic development. These put the company in a promising path for increased growth in the coming years despite the fact that it has a very strong brand image. But, like any jewelry business, it should deal with different kinds of challenges, including the economic ones and the fluctuations in customer preferences. The forecast share price indicates the bull-run for PNG Jewellers in the long-run due to market expansion, technological integration and brand influence. Such forecasts remain only approximate on the one hand, and are dependent upon one or another factor on the other. As for the investors who are willing to invest in PNG Jewellers product they should also consider the prospects of the company alongside the threats in jewelry manufacture. Portfolio diversification and correspondence with individual’s financial objectives may be crucial requirements for any investments.
