D.P. Abhushan Ltd
DPABHUSHAND.P. Abhushan Ltd's multiple sits at its floor because earnings outran a 7× five-year rally — compression born of growth, not neglect. The quarters are still improving, and the P/E sits at the 27th percentile of its own 8-year range.
The sharpest disagreement: profits are rising, but only −30% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (4 weeks in) while the P/E sits at the 27th percentile of its own 8-year range. Underneath, the last four quarters read improving — profit +77.8% year on year, and −30% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
D.P. Abhushan Ltd trades at ₹1,341, in a confirmed uptrend and 4 weeks into that stage. That is +6.3% against its own 200-day average. It sits at 62% of a 52-week range of ₹897 to ₹1,615. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 11 straight weeks.
Today the stock is in a confirmed uptrend — week 4 of stage 2, confirmed. At ₹1,341 it trades +6.3% versus its 200-day average and sits at 62% of its 52-week range (₹897–₹1,615).
Against the market, two honest reads. Cumulative: over the last 8.9 years the stock moved +3,902% while the NIFTY 500 moved +148% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 11 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
D.P. Abhushan Ltd's story is not scored yet against the markers our research file set on 22 August 2026. Where it sits in its own cycle: MID_EXPANSION. Our fortnightly research layers last read it on 22 August 2026.
Our read, 22 August 2026. DP Abhushan is a regional jewelry leader scaling from 12 to 51 showrooms by 2030, where 14.1x trailing PE masks peak 10.9% operating margins and negative operating cash flows driven by store bullion stocking.
From the numbers. The stock trades at a trailing PE of 14.1x (36th to 40th percentile of historical valuation), positioning it in the EXPANSION_STARTED segment with a matrix label of STRONG_OPPORTUNITY. However, operating profit margins…
From the price. Price stage 2, week 4 — above its 200-day line, relative strength rising.
From the research. DP Abhushan is a regional jewelry leader scaling from 12 to 51 showrooms by 2030, where 14.1x trailing PE masks peak 10.9% operating margins and negative operating cash flows driven by store bullion stocking.
🚨 Where they disagree. The stock trades at a trailing PE of 14.1x (36th to 40th percentile of historical valuation), positioning it in the EXPANSION_STARTED segment with a matrix label of STRONG_OPPORTUNITY. However, operating profit margins reached a peak of 10.9% in Q1 FY27 (93rd percentile of 7-year history), which inflates trailing EPS to 105.07. When normalized to a mid-cycle OPM of 4.7%, normalized EPS adjusts to 58.62, lifting normalized PE to 25.3x (70th percentile). The setup represents a Peak Margin Valuation dynamic where trailing multiples appear optically cheap but require structural volume growth and product mix expansion to sustain as commodity inventory revaluation gains abate.
What is proven. DP Abhushan is a regional jewelry leader scaling from 12 to 51 showrooms by 2030, where 14.1x trailing PE masks peak 10.9% operating margins and negative operating cash flows driven by store bullion stocking.
What is not proven yet. The thesis breaks if showroom inventory turnover drops below 3.5x alongside persistent gold volume contraction exceeding 5% YoY over two consecutive quarters, or if EBITDA margin falls below 5.0% due to unhedged inventory losses.
🚨 What would change our mind. The thesis breaks if showroom inventory turnover drops below 3.5x alongside persistent gold volume contraction exceeding 5% YoY over two consecutive quarters, or if EBITDA margin falls below 5.0% due to unhedged inventory losses.
🚨 Layer 1 read, 22 August 2026 — DROP. A jeweller earning gold-price profits at a 93rd-percentile margin the company itself says will fall to 6-6.5%. D.P. Abhushan runs 12 showrooms that are genuinely productive — Rs 339 Cr of sales each and 81% of walk-ins buying something. But last quarter’s 58% sales jump came almost entirely from gold being dearer: the company sold only 1-2% more gold by weight, and 10-15% of the growth was simply its old cheap stock being revalued. Its stock cost about Rs 120,000 against a Rs 151,000 market price and that gap shrinks as new gold is bought, which is why management has guided next year’s margin down to 6-6.5% from the 10.9% just reported — and once you use a normal margin, the "cheap" 14x becomes 25x.
What would change Layer 1’s mind. Two consecutive quarters where gold volume (tonnage, not rupees) grows 10% or more while EBITDA margin holds at or above 6.5% — that would prove the shops, not the gold price, are producing the earnings and would take this to P1. The mirror image, and the timeline’s own kill-switch, is inventory turnover dropping below 3.5x with volumes still contracting more than 5%, or margin under 5.0% on unhedged inventory losses. The nearest checkable event is whether Dahod and Jabalpur actually open by Q3…
The test written in advance. The thesis breaks if showroom inventory turnover drops below 3.5x alongside persistent gold volume contraction exceeding 5% YoY over two consecutive quarters, or if EBITDA margin falls below 5.0% due to unhedged inventory losses. — the thesis as written as stated by the next result.
The test written in advance. Peak Operating Margin Normalization — Peak Operating Margin Normalization Reported EBITDA margin printing below 6.0% in Q2 or Q3 FY27. by the next result.
The test written in advance. Gold Tonnage Volume Stagnation — Gold Tonnage Volume Stagnation Gold volume growth printing below 5.0% YoY in Q2 FY27. by the next result.
What the company does. Showroom economics deliver 339 Cr revenue per store and 81% conversion rates, supported by 4.7x inventory turns. Earnings growth of 77.8% in Q1 FY27 is value-led from higher gold prices with modest 1-2% volume growth, while FY27 EBITDA margin is guided down to 6.0-6.5%. Negative 3-year operating cash flow of negative 116 Cr reflects retail inventory ramp funded by 100% Gold Metal Loans rather than credit leakage.
| Dial | Now | Was | Why it matters | Watch line |
|---|---|---|---|---|
| Showroom Revenue Productivity & Operating… | in play | — | High revenue throughput of 339 Cr per store and 81% conversion rates cover fixed showroom operating expenses. | Store throughput fails to scale beyond 200 Cr per showroom or footfalls decline in newly entered Tier-2/3 clusters. |
| Value-Added Mix Shift into Silver &… | in play | — | Rapid scaling of silver and studded jewelry categories expands blended gross margins above commodity gold baselines. | Consumer preference reverts exclusively to 22-carat gold investment bullion, halting studded and silver adoption. |
| Contiguous Tier-2/3 Geographic Store… | in play | — | Scaling showroom network from 12 to 51 stores by 2030 across underserved Central and Western Indian markets. | Upfront showroom inventory capex of 40-60 Cr per store strains bank credit lines before break-even is achieved in 6-9 months. |
| Working Capital De-Risking via Gold Metal… | in play | — | Real-time vendor procurement and 100% Gold Metal Loan backing for new store inventory insulate operating margins. | Severe commodity price corrections trigger unhedged inventory write-downs on non-GML stock. |
🚨 What the surface reading misses. The surface reading is: ROCE of 39.6% and ROE of 40.9% signal elite through-cycle capital return and pricing power. The research reads it further: High return metrics are amplified by elevated asset turnover (4.7x) combined with transient margin expansion from commodity revaluation (28-30% of FY26 profit gains); through-cycle normalized ROE is closer to 24.0%.
🚨 What the surface reading misses. The surface reading is: 3-year cumulative operating cash flow of negative 116 Cr against PAT of 387 Cr suggests severe cash leakage and unearned accrual profit. The research reads it further: Working capital in retail jewelry is 95%-98% bullion inventory; store expansion (Dhar showroom required 100-125 Cr inventory) and gold price inflation absorb cash upfront. Inventory turnover remains active at 4.7x to 5.0x with zero debtor days.
Lever 1 · Operating leverage — BUILDING. High revenue throughput of 339 Cr per store and 81% conversion rates cover fixed showroom operating expenses. What proves it keeps working: Showroom Revenue Productivity & Operating Leverage. It stops working if Store throughput fails to scale beyond 200 Cr per showroom or footfalls decline in newly entered Tier-2/3 clusters.
Lever 2 · Value-added mix — BUILDING. Rapid scaling of silver and studded jewelry categories expands blended gross margins above commodity gold baselines. What proves it keeps working: Value-Added Mix Shift into Silver & Studded Jewelry. It stops working if Consumer preference reverts exclusively to 22-carat gold investment bullion, halting studded and silver adoption.
Sources: our stock research file (22 August 2026) · quarterly results through Jun 26 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.
Revenue Revenue is the top line: everything the company billed its customers in the period.
D.P. Abhushan Ltd reported ₹852 Cr of revenue in the Jun 26 quarter, +57.8% year on year. That is the 3rd straight quarter of year-on-year growth. Over 9 years it has compounded at 27.7% a year. The last full year, FY26, came in at ₹4,065 Cr. The last four reported quarters add to ₹4,377 Cr.
FY26 revenue came in at ₹4,065 Cr (+22.9% on the year), capping 9 years at 27.7% compound. The latest quarter (Jun 26) printed ₹852 Cr, +57.8% year on year — the 3rd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +38.3% growth against the decade's 27.7% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +30.8% over the last 4 quarters against +35.8%/yr over the last 8 — rolling over; TTM profit +94.3% vs +83.5%/yr — accelerating.
FY26-Q4. revenue ₹1,335 Cr and profit ₹51 Cr as reported.
FY27-Q1. revenue ₹852 Cr and profit ₹64 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
D.P. Abhushan Ltd's operating margin is 11.0% in the Jun 26 quarter, +1.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 10 fiscal years the operating margin has ranged 3.3% to 7.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 11.0%, +1.0 pp against the same quarter a year ago. Across 10 fiscal years the operating margin has ranged 3.3%–7.0%, and FY26's 7.0% is the top of that band — a record year.
Why the margin moved: operating margin went +0.8 pp year on year while gross margin went −0.3 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
FY26-Q4. revenue ₹1,335 Cr and profit ₹51 Cr as reported.
FY27-Q1. revenue ₹852 Cr and profit ₹64 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
D.P. Abhushan Ltd earned ₹64.0 Cr of net profit in the Jun 26 quarter, +77.8% year on year. It is the 10th consecutive quarter of growth. Full-year FY26 profit was ₹212 Cr. The 9-year compound rate is 51.6%. That is 7.5% of the quarter's revenue. The same quarter a year earlier earned ₹36.0 Cr.
Jun 26 profit was ₹64.0 Cr, +77.8% year on year — the 10th consecutive quarter of growth. On the full year, FY26 printed ₹212 Cr (+87.6%), and the 9-year compound rate is 51.6%.
Why profit moved: revenue contributed +57.8% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +95.8% vs revenue +38.3%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
FY26-Q4. revenue ₹1,335 Cr and profit ₹51 Cr as reported.
FY27-Q1. revenue ₹852 Cr and profit ₹64 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −30% of D.P. Abhushan Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−97.0 Cr of operating cash against ₹212 Cr of profit. After ₹11.0 Cr of capital spending, ₹−108 Cr was left as free cash.
Why this happened. The company replenishes gold 3 to 4 times daily at matched prices and finances new showroom inventory via 100% Gold Metal Loans and MCX derivative hedges. This framework stabilizes gross margins near 10.0% to 11.0% and reduces balance sheet exposure to gold price declines.
FY26: operating cash of ₹−97.0 Cr against reported profit of ₹212 Cr, leaving free cash of ₹−108 Cr after ₹11.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −30% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −30%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: the bigger cash user is investment — capital spending ran 2.0× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
D.P. Abhushan Ltd's cash conversion cycle runs 89 days in FY26, up from 79 days in FY21. Capital spending ran ₹53.0 Cr over the last 3 years. At FY26 sales of ₹4,065 Cr each day of that cycle holds about ₹11.1 Cr, so roughly ₹991 Cr sits inside the business at any moment.
FY26: debtors at 0 days, inventory at 100 days — roughly 3.3 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 89 days, looser than FY21's 79.
The full loop: cash goes out to suppliers and production on day 0; stock waits 100 days to sell; customers pay about 0 days after that; and suppliers themselves are paid at 11 days — netting out to the 89-day cycle.
In money terms: at FY26 sales of ₹4,065 Cr, each day of the cycle holds about ₹11.1 Cr — so the 89-day loop keeps roughly ₹991 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹53.0 Cr over the last 3 fiscal years against ₹26.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹1.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
D.P. Abhushan Ltd earns a ROCE of 40% in FY26. That is up from a trough of 15% in FY18. Return on invested capital clears the cost of that capital by +15.3 percentage points, so growth here adds value rather than only size. The wiring behind it is 5.2% net margin on 3.56× asset turns.
FY26 ROCE is 40%, recovered from a FY18 trough of 15% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 5.2% net margin × 3.56× asset turns × 1.81× balance-sheet leverage ≈ 33.5% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 27.3% − 12.0% = a +15.3 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
D.P. Abhushan Ltd carries total debt of ₹304 Cr against shareholder equity of ₹633 Cr as of Jun 26, a debt-to-equity of 0.48. On the annual view that ratio went from 1.23 in FY22 to 0.48 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Why this happened. Mature showrooms generate 7.6 lakh revenue per square foot with footfall-to-conversion rates reaching 81.0% to 83.0%. Once upfront showroom inventory is funded, incremental retail volume yields operating leverage, allowing EBITDA margins to expand toward 8.0% to 8.5% over a 3-year store maturation curve.
Jun 26: total debt of ₹304 Cr against shareholder equity of ₹633 Cr — a debt-to-equity of 0.48. On the annual view, debt-to-equity went from 1.23 (FY22) to 0.48 (FY26). Read the returns on this page with that leverage in mind.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of D.P. Abhushan Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved −0.1 points over the same window, to 74.9%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: +0.2 points over 8 quarters to 0.2%; Promoters: −0.1 points over 8 quarters to 74.9%; Domestic institutions: +0.0 points over 8 quarters to 0.0%.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
D.P. Abhushan Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
D.P. Abhushan Ltd trades at 12.8× P/E, near the bottom of its own range — cheaper only 27% of the time. Its long-run median P/E is 16.2×, measured across 8.0 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 12.8× is near the bottom of its own range — cheaper only 27% of the time, against a long-run median of 16.2× measured over 8.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.
Why the multiple sits where it does: over the past year annual EPS moved +86.6% against a −13.4% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +46.1%/yr price move, ~+52.4%/yr came from earnings growth and ~−6.3 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 26 August 2026 price, D.P. Abhushan Ltd was paying for profit growth of about 5.2% a year. Profit itself has compounded 51.6% a year over the past 9 years. Today the market pays 12.8× P/E, the 27th percentile of its own 8-year range.
What the two numbers say together. The multiple is low against its own past, and the growth the price is paying for is below what this company has actually delivered.
How to hold this number: it is a reading of one day's price, taken on 26 August 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
D.P. Abhushan Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 62.8% and holding. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +22.9% | +27.3% | +27.3% | — |
| Profit | +87.6% | +67.6% | +51.0% | — |
| EPS | +86.6% | +65.8% | +49.7% | — |
| Share price | −13.4% | +35.9% | +46.1% | — |
4-Factor Sector Score
68.3/100 — rank 4 of 26 in Diamond, Gems & Jewellery · 100% evidence confidence
D.P. Abhushan Ltd scores 68.3 out of 100 against the 26 companies it is compared with in Diamond, Gems & Jewellery, ranking 4. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 25.3 + 18.2 + 15 + 9.8 = 68.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Said versus delivered
What D.P. Abhushan Ltd's management promised, set against what actually arrived — 4 tracked promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.
Revenue Guidance Replaced by a Non-Committal Volume Target · 22 July 2026. In May 2026, management provided explicit FY27 and FY28 revenue targets of INR4,800 crores and INR5,500 crores, respectively. In Jul 2026, management responded to the FY27 and FY28 guidance question with only a 10% volume-growth target and stated that value growth depends on gold prices, without confirming whether the earlier revenue targets remain valid. This is a material change in the guidance framework and leaves the revenue outlook less certain for valuation purposes.
Gold Exchange Contribution Declines Without Reconciliation · 22 July 2026. In May 2026, management said old gold exchange represented 35% to 40% of sales. In Jul 2026, management reported gold exchange at approximately 25% of total sales, a material reduction that was not explained or reconciled by management, including whether the definitions or measurement periods differ.
Reversal on Structural Margin Improvements · 22 May 2026. In the Jan 2026 call, management claimed that elevated EBITDA margins were structurally supported by an improved product mix and would continue to expand even in a stable gold price environment. However, in the May 2026 call, management reversed this narrative, lowering target EBITDA margins to 6-6.5% for FY27 and entirely attributing previous margin strength to abnormal gold pricing movements rather than structural product mix factors.
Hedging Policy Reversal · 24 January 2026. Management previously maintained a specific policy of not hedging inventory, relying instead on natural hedging and weighted average costing. However, in the January 2026 call, they abruptly reversed this stance by confirming they have started hedging positions without elaborating on the cost implications or strategic pivot. Earlier call (Nov 2025): “As of now, we do not hedge our inventory in the conventional sense. However, we follow a natural hedging approach... we won’t face any major losses on our inventory.” Later call (Jan 2026): “Yes, we have started hedging our positions.”
Every quote above is taken word for word from the company’s own earnings calls.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Tribhovandas Bhimji Zaveri LtdTBZ | 73.1/100Favorable setup87% evidence | LEADER | 25.6/35 Revenue 29.1% · PAT 100% · OPM change 0 pp 95% evidence | 14.8/25 ROCE 21.9% · OPM 9% 95% evidence | 12.7/20 P/E 16.4× · PEG — 50% evidence | 20.0/20 RS sector 115.4% · RS bench 178.1% · 1Y 186.8%12 of 12 weeks ahead 100% evidence |
| Exact sum: 25.6 + 14.8 + 12.7 + 20 = 73.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Khazanchi Jewellers Ltd543953 | 70.1/100Favorable setup76% evidence | BREAKING OUT | 26.9/35 Revenue 24.4% · PAT 100% · OPM change 2 pp 95% evidence | 17.5/25 ROCE 34.8% · OPM 7% 76% evidence | 11.7/20 P/E 18.3× · PEG — 50% evidence | 14.0/20 RS sector 13.2% · RS bench 9.9% · 1Y 27.3%7 of 10 weeks ahead 70% evidence |
| Exact sum: 26.9 + 17.5 + 11.7 + 14 = 70.1 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 3Sky Gold & Diamonds LtdSKYGOLD | 68.5/100Favorable setup100% evidence | LEADER | 28.2/35 Revenue 81.4% · PAT 100% · OPM change 2 pp 100% evidence | 15.7/25 ROCE 27% · OPM 8% 100% evidence | 7.1/20 P/E 38.2× · PEG 1.71 100% evidence | 17.5/20 RS sector 45.6% · RS bench 88% · 1Y 196.6%12 of 12 weeks ahead 100% evidence |
| Exact sum: 28.2 + 15.7 + 7.1 + 17.5 = 68.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4D.P. Abhushan Ltdthis pageDPABHUSHAN | 68.3/100Favorable setup100% evidence | BREAKING OUT | 25.3/35 Revenue 30.8% · PAT 94.3% · OPM change 1 pp 100% evidence | 18.2/25 ROCE 39.6% · OPM 11% 100% evidence | 15.0/20 P/E 12.8× · PEG 0.68 100% evidence | 9.8/20 RS sector -18.8% · RS bench 7.9% · 1Y -15%9 of 12 weeks ahead 100% evidence |
| Exact sum: 25.3 + 18.2 + 15 + 9.8 = 68.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Utssav CZ Gold Jewels LtdUTSSAV | 64.7/100Thin evidence · provisional56% evidence | LEADER | 19.7/35 Revenue — · PAT — · OPM change 0 pp 26% evidence | 18.1/25 ROCE 28.8% · OPM 7% 95% evidence | 9.5/20 P/E 21.7× · PEG — 15% evidence | 17.4/20 RS sector 43.3% · RS bench 84.4% · 1Y 183.4%12 of 12 weeks ahead 100% evidence |
| Exact sum: 19.7 + 18.1 + 9.5 + 17.4 = 64.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 6Thangamayil Jewellery LtdTHANGAMAYL | 60.4/100Mixed-positive evidence100% evidence | FADING | 26.9/35 Revenue 83.2% · PAT 100% · OPM change -1 pp 100% evidence | 14.0/25 ROCE 25.5% · OPM 5% 100% evidence | 10.1/20 P/E 40.6× · PEG 0.77 100% evidence | 9.4/20 RS sector -0.1% · RS bench 30.2% · 1Y 133.4%10 of 12 weeks ahead 100% evidence |
| Exact sum: 26.9 + 14 + 10.1 + 9.4 = 60.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7PC Jeweller LtdPCJEWELLER | 59.3/100Mixed-positive evidence100% evidence | BREAKING OUT | 20.1/35 Revenue 36.5% · PAT 32.7% · OPM change 10 pp 100% evidence | 6.8/25 ROCE 9.6% · OPM 28% 100% evidence | 15.8/20 P/E 17.2× · PEG 0.26 100% evidence | 16.6/20 RS sector 2.4% · RS bench 36.2% · 1Y 3.4%7 of 12 weeks ahead 100% evidence |
| Exact sum: 20.1 + 6.8 + 15.8 + 16.6 = 59.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8RBZ Jewellers LtdRBZJEWEL | 58.3/100Mixed-positive evidence87% evidence | BREAKING OUT | 17.5/35 Revenue 30.3% · PAT 54% · OPM change -2.3 pp 95% evidence | 16.7/25 ROCE 22% · OPM 14.8% 95% evidence | 13.7/20 P/E 12.3× · PEG — 50% evidence | 10.4/20 RS sector -4.8% · RS bench 26% · 1Y 26.8%9 of 12 weeks ahead 100% evidence |
| Exact sum: 17.5 + 16.7 + 13.7 + 10.4 = 58.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9Senco Gold LtdSENCO | 56.8/100Mixed-positive evidence100% evidence | TURNING | 24.8/35 Revenue 43.1% · PAT 100% · OPM change -3 pp 100% evidence | 12.4/25 ROCE 21.2% · OPM 7% 100% evidence | 15.1/20 P/E 9.9× · PEG 1.35 100% evidence | 4.5/20 RS sector -20.6% · RS bench 5.3% · 1Y -10%5 of 12 weeks ahead 100% evidence |
| Exact sum: 24.8 + 12.4 + 15.1 + 4.5 = 56.8 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -20.6% and the one-year return is -10%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 10Uday Jewellery Industries Ltd539518 | 56.7/100Mixed-positive evidence78% evidence | 27.2/35 Revenue 100% · PAT 100% · OPM change 3 pp 83% evidence | 14.2/25 ROCE 22.4% · OPM 7% 76% evidence | 12.0/20 P/E 13.7× · PEG — 50% evidence | 3.3/20 RS sector -18.9% · RS bench -3.8% · 1Y -13.9%3 of 4 weeks ahead to 2026-07-19 100% evidence | |
| Exact sum: 27.2 + 14.2 + 12 + 3.3 = 56.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -18.9% and the one-year return is -13.9%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 11Titan Company LtdTITAN | 56.0/100Mixed-positive evidence100% evidence | BREAKING OUT | 26.9/35 Revenue 45% · PAT 55.1% · OPM change 3 pp 100% evidence | 13.2/25 ROCE 20.5% · OPM 14% 100% evidence | 8.3/20 P/E 76.2× · PEG 1.43 100% evidence | 7.6/20 RS sector -9.2% · RS bench 20.1% · 1Y 36.6%6 of 12 weeks ahead 100% evidence |
| Exact sum: 26.9 + 13.2 + 8.3 + 7.6 = 56 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Shanti Gold International LtdSHANTIGOLD | 55.0/100Mixed-positive evidence74% evidence | BREAKING OUT | 17.8/35 Revenue 100% · PAT 100% · OPM change -8 pp 95% evidence | 16.5/25 ROCE 37% · OPM 10% 95% evidence | 10.9/20 P/E 12.7× · PEG — 15% evidence | 9.8/20 RS sector -7.1% · RS bench 23% · 1Y 12.1%10 of 12 weeks ahead 70% evidence |
| Exact sum: 17.8 + 16.5 + 10.9 + 9.8 = 55 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Kalyan Jewellers India LtdKALYANKJIL | 54.9/100Mixed-positive evidence100% evidence | BREAKING OUT | 22.4/35 Revenue 45.8% · PAT 79.3% · OPM change -1 pp 100% evidence | 12.0/25 ROCE 21.2% · OPM 6% 100% evidence | 4.9/20 P/E 42.4× · PEG 2.19 100% evidence | 15.6/20 RS sector 0% · RS bench 31.7% · 1Y 19.8%9 of 12 weeks ahead 100% evidence |
| Exact sum: 22.4 + 12 + 4.9 + 15.6 = 54.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14Vaibhav Global LtdVAIBHAVGBL | 52.0/100Mixed-positive evidence100% evidence | ASLEEP | 19.3/35 Revenue 10.4% · PAT 73.8% · OPM change 3 pp 100% evidence | 12.8/25 ROCE 16.4% · OPM 11% 100% evidence | 18.7/20 P/E 12.5× · PEG 0.33 100% evidence | 1.2/20 RS sector -29.8% · RS bench -6.7% · 1Y -1.8%6 of 12 weeks ahead 100% evidence |
| Exact sum: 19.3 + 12.8 + 18.7 + 1.2 = 52 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15Radhika Jeweltech LtdRADHIKAJWE | 51.5/100Mixed-positive evidence87% evidence | BREAKING OUT | 11.2/35 Revenue 16.9% · PAT 27% · OPM change -6 pp 95% evidence | 18.2/25 ROCE 25.1% · OPM 20% 95% evidence | 10.8/20 P/E 12.4× · PEG — 50% evidence | 11.3/20 RS sector -10.1% · RS bench 19.8% · 1Y -11.5%6 of 12 weeks ahead 100% evidence |
| Exact sum: 11.2 + 18.2 + 10.8 + 11.3 = 51.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16Golkunda Diamonds & Jewellery Ltd523676 | 51.5/100Thin evidence · provisional57% evidence | 13.6/35 Revenue 1.3% · PAT -12.4% · OPM change -0.8 pp 53% evidence | 13.2/25 ROCE 19.9% · OPM 9.7% 57% evidence | 8.6/20 P/E 16× · PEG — 50% evidence | 16.1/20 RS sector 61.7% · RS bench 52.8% · 1Y 63.4%9 of 12 weeks ahead to 2026-03-29 70% evidence | |
| Exact sum: 13.6 + 13.2 + 8.6 + 16.1 = 51.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 17P N Gadgil Jewellers LtdPNGJL | 50.7/100Mixed-positive evidence93% evidence | BREAKING OUT | 26.0/35 Revenue 47.8% · PAT 76.6% · OPM change 2 pp 100% evidence | 12.2/25 ROCE 20.9% · OPM 8% 100% evidence | 7.9/20 P/E 20.1× · PEG 1.77 65% evidence | 4.6/20 RS sector -22.7% · RS bench 2.8% · 1Y 2.7%4 of 12 weeks ahead 100% evidence |
| Exact sum: 26 + 12.2 + 7.9 + 4.6 = 50.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -22.7% and the one-year return is 2.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 18Manoj Vaibhav Gems N Jewellers LtdMVGJL | 50.2/100Mixed-positive evidence87% evidence | TURNING | 13.5/35 Revenue 21.5% · PAT 22% · OPM change -1 pp 95% evidence | 11.2/25 ROCE 15.8% · OPM 6% 95% evidence | 15.0/20 P/E 8× · PEG — 50% evidence | 10.5/20 RS sector -12% · RS bench 17.3% · 1Y 0.1%2 of 12 weeks ahead 100% evidence |
| Exact sum: 13.5 + 11.2 + 15 + 10.5 = 50.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 19Bluestone Jewellery & Lifestyle LtdBLUESTONE | 48.8/100Thin evidence · provisional59% evidence | BREAKING OUT | 23.5/35 Revenue 40% · PAT 100% · OPM change 3.4 pp 74% evidence | 4.7/25 ROCE 6.8% · OPM 14.5% 100% evidence | 8.6/20 P/E 242× · PEG — 15% evidence | 12.0/20 RS sector — · RS bench 56.3% · 1Y 47.3%9 of 10 weeks ahead 25% evidence |
| Exact sum: 23.5 + 4.7 + 8.6 + 12 = 48.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 20Motisons Jewellers LtdMOTISONS | 48.3/100Mixed-negative evidence87% evidence | BREAKING OUT | 16.4/35 Revenue 10.7% · PAT 50% · OPM change 0 pp 95% evidence | 13.4/25 ROCE 17.9% · OPM 15% 95% evidence | 11.8/20 P/E 27.1× · PEG — 50% evidence | 6.7/20 RS sector -17.9% · RS bench 9.1% · 1Y -17.4%7 of 12 weeks ahead 100% evidence |
| Exact sum: 16.4 + 13.4 + 11.8 + 6.7 = 48.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 21Shringar House of Mangalsutra LtdSHRINGARMS | 46.5/100Mixed-negative evidence74% evidence | BREAKING OUT | 15.1/35 Revenue 65.1% · PAT 65.8% · OPM change -3 pp 95% evidence | 15.5/25 ROCE 26.8% · OPM 9% 95% evidence | 10.1/20 P/E 17.3× · PEG — 15% evidence | 5.8/20 RS sector -23% · RS bench 2.4% · 1Y 14.6%6 of 12 weeks ahead 70% evidence |
| Exact sum: 15.1 + 15.5 + 10.1 + 5.8 = 46.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 22PNGS Gargi Fashion Jewellery Ltd543709 | 46.1/100Mixed-negative evidence76% evidence | BASING | 7.9/35 Revenue 18.3% · PAT 8.7% · OPM change -3.5 pp 95% evidence | 19.9/25 ROCE 33.8% · OPM 19.8% 76% evidence | 10.6/20 P/E 20.3× · PEG — 50% evidence | 7.7/20 RS sector -2.3% · RS bench -29% · 1Y -30.4%0 of 10 weeks ahead 70% evidence |
| Exact sum: 7.9 + 19.9 + 10.6 + 7.7 = 46.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 23Rajesh Exports LtdRAJESHEXPO | 31.4/100Adverse evidence91% evidence | TURNING | 18.0/35 Revenue 79.5% · PAT 100% · OPM change 0 pp 74% evidence | 4.6/25 ROCE 1.9% · OPM 0% 100% evidence | 6.5/20 P/E 13.7× · PEG 1.74 100% evidence | 2.3/20 RS sector -56.8% · RS bench -41.5% · 1Y -56.7%0 of 12 weeks ahead 100% evidence |
| Exact sum: 18 + 4.6 + 6.5 + 2.3 = 31.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 24Asian Star Company LtdASTAR | 20.1/100Adverse evidence87% evidence | BASING | 5.7/35 Revenue -3.8% · PAT -23.3% · OPM change -0.9 pp 95% evidence | 7.1/25 ROCE 3.6% · OPM 2.1% 95% evidence | 6.1/20 P/E 28.2× · PEG — 50% evidence | 1.2/20 RS sector -31.2% · RS bench -7.9% · 1Y -20.1%0 of 12 weeks ahead 100% evidence |
| Exact sum: 5.7 + 7.1 + 6.1 + 1.2 = 20.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 25PNGS Reva Diamond Jewellery LimitedPNGSREVA | 59.2/100Thin evidence · provisional43% evidence | BREAKING OUT | 22.9/35 Revenue — · PAT — · OPM change 7 pp 45% evidence | 16.5/25 ROCE 22% · OPM 29% 95% evidence | 9.8/20 P/E 19.2× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —6 of 9 weeks ahead 0% evidence |
| Exact sum: 22.9 + 16.5 + 9.8 + 10 = 59.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 26SJ Corporation Ltd504398 | 46.0/100Thin evidence · provisional33% evidence | 19.1/35 Revenue — · PAT — · OPM change 16.7 pp 17% evidence | 6.0/25 ROCE 0.1% · OPM 10.7% 76% evidence | 8.5/20 P/E 807× · PEG — 15% evidence | 12.4/20 RS sector — · RS bench 135.6% · 1Y —4 of 4 weeks ahead 25% evidence | |
| Exact sum: 19.1 + 6 + 8.5 + 12.4 = 46 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is D.P. Abhushan Ltd's share price today?
D.P. Abhushan Ltd trades at ₹1,341, −13.4% over the past year. The company is valued at ₹3,060 Cr. The stock sits at 62% of its 52-week range of ₹897–₹1,615, +6.3% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 4 weeks in. — as of 11 September 2026.
What were D.P. Abhushan Ltd's latest quarterly results?
D.P. Abhushan Ltd reported revenue of ₹852 Cr and net profit of ₹64.0 Cr for the Jun 26 quarter. Revenue rose 57.8% and profit rose 77.8% year on year. Earnings per share were ₹28.23. The operating margin was 11.0%, 1.0 pp higher than a year earlier. — as of 11 September 2026.
What is D.P. Abhushan Ltd's revenue?
D.P. Abhushan Ltd reported revenue of ₹852 Cr in the Jun 26 quarter, +57.8% year on year. For the full FY26 fiscal year, revenue was ₹4,065 Cr (+22.9%). Over the last 9 years revenue compounded at 27.7% a year. — as of 11 September 2026.
What is D.P. Abhushan Ltd's profit?
D.P. Abhushan Ltd earned ₹64.0 Cr of net profit in the Jun 26 quarter, +77.8% year on year — the 10th straight quarter of growth. Full-year FY26 profit was ₹212 Cr. The operating margin ran 11.0% in the latest quarter. — as of 11 September 2026.
What is D.P. Abhushan Ltd's market cap?
D.P. Abhushan Ltd's market capitalisation is ₹3,060 Cr at a share price of ₹1,341. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is D.P. Abhushan Ltd's P/E ratio?
D.P. Abhushan Ltd trades at a P/E of 12.8×, at the 27th percentile of its own 8-year range, against a long-run median of 16.2×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does D.P. Abhushan Ltd pay a dividend?
Not in its latest year — D.P. Abhushan Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 3 of its last 10 reported fiscal years, so there is a history but no current dividend. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.
Is D.P. Abhushan Ltd overvalued?
On its own history, D.P. Abhushan Ltd looks cheap: its P/E of 12.8× has been cheaper only 27% of the time in 8 years (long-run median 16.2×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 11 September 2026.
Is D.P. Abhushan Ltd growing?
Yes — D.P. Abhushan Ltd is growing: latest-quarter revenue +57.8% year on year, profit +77.8%, and the margin +1.0 pp at 11.0%. The 9-year compound rates are 27.7% (revenue) and 51.6% (profit). The earnings engine currently reads: improving — as of 11 September 2026.
How is D.P. Abhushan Ltd performing?
D.P. Abhushan Ltd is in a confirmed uptrend, 4 weeks in. Its latest quarter's revenue rose 57.8% and profit rose 77.8% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 11 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is D.P. Abhushan Ltd in?
Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 62.8% and holding. The read comes from the last 12 quarters of growth (revenue growth +30.8% latest, profit growth +94.3% latest, eps growth +91.8% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is D.P. Abhushan Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 4 of stage 2), trading +6.3% versus its 200-day average and at 62% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is D.P. Abhushan Ltd beating the market?
On recent form, yes — D.P. Abhushan Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 11 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 8.9 years the stock moved +3,902% against the NIFTY 500's +148% — ahead of the index over the full window. — as of 11 September 2026.
Will D.P. Abhushan Ltd's share price go up?
This page publishes no price forecast for D.P. Abhushan Ltd. What it measures instead: the share price is ₹1,341, the price is in a confirmed uptrend 4 weeks in. Its P/E of 12.8× sits at the 27th percentile of its own 8-year range. — as of 11 September 2026.
Who owns D.P. Abhushan Ltd?
Promoters hold 74.9% of D.P. Abhushan Ltd, foreign institutions 0.2%, domestic institutions 0.0% and the public 24.9% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 11 September 2026.
Does D.P. Abhushan Ltd have too much debt?
It is moderate — D.P. Abhushan Ltd's debt-to-equity is 0.46, and operating profit covers the interest bill 19×. FY26 borrowings were ₹290 Cr against equity of ₹633 Cr. Read the returns on this page with that leverage in mind — as of 11 September 2026.
What is D.P. Abhushan Ltd's capex?
D.P. Abhushan Ltd spent ₹53.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹11.0 Cr, with ₹1.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is D.P. Abhushan Ltd's cash flow?
D.P. Abhushan Ltd consumed ₹97.0 Cr of operating cash in FY26 — cash flowed out rather than in (free cash flow: ₹−108 Cr). Operating cash was negative while the company reported a profit of ₹212 Cr. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is D.P. Abhushan Ltd's profit real cash?
No — operating cash was negative over the last 3 fiscal years: D.P. Abhushan Ltd consumed cash while reporting profit. In FY26, operating cash was ₹−97.0 Cr against reported profit of ₹212 Cr. Cash-flow resolution is annual — as of 11 September 2026.
Where is D.P. Abhushan Ltd in its business cycle?
D.P. Abhushan Ltd's FY26 operating margin was 7.0%, against a 10-year band of 3.3%–7.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 11.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does D.P. Abhushan Ltd's price assume?
At its price on 26 August 2026, D.P. Abhushan Ltd was priced for profit growth of about 5.2% a year. Profit itself has compounded 51.6% a year over the past 9 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the D.P. Abhushan Ltd story?
The sharpest disagreement: profits are rising, but only −30% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is D.P. Abhushan Ltd a stock worth studying right now?
This is not investment advice. The machine read: D.P. Abhushan Ltd's multiple sits at its floor because earnings outran a 7× five-year rally — compression born of growth, not neglect. The quarters are still improving, and the P/E sits at the 27th percentile of its own 8-year range. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!