P N Gadgil & Sons Ltd
About
PN Gadgil and Sons, or PNG Jewellers, was first established in 1832 by Ganesh Narayan Gadgil under his own name in Sangli. Two generations passed after him before the company renamed itself to Purshottam Narayan Gadgil, the family head at the time. Today, PN Gadgil and Sons are one of the oldest and most reputed jewellers in Maharashtra. PNG Jewellers have now expanded to 3 states, 23 cities, and 30 showrooms with more than a million customers. The company is said to have introduced trends like the temple motifs and contemporary jewellery designs in Maharashtra. It has also been credited with introducing lightweight, daily wear, and designer collections. It is dedicated towards promoting art, particularly the local Kinnal art form, and artists by setting up art galleries and showrooms.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 8439 -16.6% | 10122 77.4% | 5705 163.3% | 2167 4.4% | 2076 0.9% | 2057 161.9% | 786 -52.2% | 1644 -1.5% | 1669 7.7% | 1549 34.7% | 1150 - |
| Net Operating Income (INR Cr) | 8451 -16.52% | 10123 78.96% | 5657 161.93% | 2160 4.19% | 2073 3.39% | 2030 183.43% | 707 0.00% | 1543 -7.08% | 1661 11.65% | 1487 27.64% | 1165 0.00% |
| Profit (INR Cr) | 136 21.5% | 112 8.6% | 103 -24.3% | 136 110.6% | 64 0.9% | 64 144.9% | 26 -46.0% | 48 37.2% | 35 -9.5% | 39 63.9% | 24 - |
| Assets (INR Cr) | 1179 15.0% | 1025 19.7% | 857 17.2% | 731 18.1% | 619 38.1% | 448 9.4% | 409 32.5% | 309 33.4% | 232 1.3% | 229 33.8% | 171 - |
| Net Worth (INR Cr) | 669 23.7% | 541 25.7% | 430 17.2% | 367 57.2% | 233 27.3% | 183 49.3% | 123 0.0% | 118 40.6% | 84 38.3% | 61 89.3% | 32 0.0% |
| Employee Cost (INR Cr) | 50 10.2% | 46 18.5% | 38 1.5% | 38 -9.0% | 42 0.2% | 42 186.0% | 15 -52.2% | 30 1.5% | 30 8.2% | 28 25.6% | 22 - |
| Interest Cost (INR Cr) | 25 | 28 | 31 | 28 | 25 | 26 | 13 | 25 | 25 | 21 | 19 |
| Cash & Bank Balance (INR Cr) | 60 | 67 | 75 | 107 | 14 | 22 | 27 | 27 | 31 | 39 | 58 |
| Total Debt (INR Cr) | 449 | 434 | 380 | 348 | 357 | 262 | 284 | 189 | 146 | 167 | 138 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 1.6% | 1.1% | 1.8% | 6.3% | 3.1% | 3.1% | 3.3% | 2.9% | 2.1% | 2.5% | 2.1% |
| Profit As % Of Assets | 11.5% | 10.9% | 12.0% | 18.6% | 10.4% | 14.3% | 6.4% | 15.6% | 15.2% | 17.0% | 13.9% |
| Profit As % Of Networth | 20.3% | 20.6% | 23.9% | 37.0% | 27.6% | 34.8% | 21.2% | 40.9% | 41.9% | 64.0% | 73.9% |
| Interest Cost to EBITDA % | 11.8% | 15.4% | 17.2% | 12.8% | 19.7% | 20.9% | 27.6% | 25.4% | 32.0% | 26.2% | 34.7% |
| Debt to Equity Ratio | 0.67 | 0.80 | 0.88 | 0.95 | 1.53 | 1.43 | 2.31 | 1.60 | 1.74 | 2.75 | 4.31 |
| RONW | 22.4% | 23.0% | 25.8% | 45.2% | 30.9% | 41.7% | 50.9% | 40.9% | 48.6% | 83.7% | 73.9% |
| ROCE | 19.9% | 19.9% | 22.0% | 31.0% | 21.0% | 26.9% | 28.6% | 30.9% | 33.2% | 39.8% | 32.1% |