P N GADGIL JEWELLERS LTD Fair Value
PNGJL · Consumer Durables · Current price ₹606.5
Is P N GADGIL JEWELLERS LTD undervalued?
We estimate the fair value of P N GADGIL JEWELLERS LTD at ₹873 per share, against a market price of ₹613. That puts the share price about +42.4% below our estimate, at high confidence. This is our view of what the business is worth, not a target price or a forecast of where the share price will go.
How this fair value is calculated
This estimate comes from 2 methods: Fair multiple (P/E) (₹845), PEG (growth-implied P/E) (₹985). Each is weighted by how well its inputs held up for this company. The full working, including the assumptions and what data was missing, is set out below.
The range around this estimate
Our estimate for P N GADGIL JEWELLERS LTD spans ₹786 to ₹985. A margin of safety means buying meaningfully below the estimate: the wider the range, the more room the assumptions leave for error.
How we got this fair value
Every number below is part of the same estimate for P N GADGIL JEWELLERS LTD. Nothing here is a target price or a forecast of where the share price will go.
The models agree and the inputs are well covered. Treat this as our firmest estimate.
Estimate range ₹786 – ₹985
Why this method for this business
The business is asset-light and has a durable moat, making relative PE and PEG the most appropriate models for valuing its earnings power.
The models behind the number
Each method is weighted by how well its inputs held up for this company.
- dcf: Not suitable for a consumer discretionary business with volatile earnings and no clear cash flow patterns
What was missing
- Lack of historical P/E data for the company
- Limited forward estimates for EBITDA and EPS
What drives it
16 inputs, grouped by how strong each claim is
- Sector-median P/E
- 16.53×
- Peers used
- 10
- EPS (TTM)
- 32.84 ₹/share
- Earnings growth
- 63.4% CAGR
peer-median
peer-median
computed
computed
- Term: quality
- -0.8%
- Term: growth
- +40.0%
- Term: capital_allocation
- +9.4%
- Term: financial_strength
- +1.1%
- Term: history
- +0.0%
- Term: sector_rerating
- +0.0%
- Term: rate_regime
- +1.2%
- Term: risk
- +0.0%
quality 54/100 (about average) → neutral
durable ~27% CAGR (ROCE 20% > hurdle) → premium
capital allocation: rising ROCE funded by strong FCF → premium
financial strength: moderate leverage (D/E 0.9) → neutral
history: no reliable own-history P/E → not used
sector re-rating: no sector-norm history → not used
rates: risk-free 6.9% below ~7.1% normal → higher multiple
risk: no analyst-dispersion signal available → neutral (lowers confidence, not PE)
- Premium vs sector
- +55.6%
- Fair-multiple confidence
- 64%
- Fair P/E
- 25.72×
- Growth-implied P/E
- 30×
fundamentals + macro (not capped at own history)
data completeness + term agreement
sector median × ∏(1+term) — Dynamic Fair Multiple
min(growth, 30)
Who computed this
A language model (qwen3:8b) selects the valuation method and the judgement inputs for P N GADGIL JEWELLERS LTD: which models suit the business, the moat, the growth and margin assumptions. It does not produce the number. The fair value itself is computed in Python by a deterministic engine (version 2026.08.1) from those inputs, so the same inputs always give the same result and every figure above can be traced to a source.
Estimated 14 Sept 2026. Re-run as new financials and news arrive.
How we value stocks
We estimate what a business is worth from its own economics: cash flows, returns on capital, and a multiple justified by its quality, rather than from where the share price has been. A fair value estimate is a view, not a verdict, and it is only as good as the inputs listed above.
Read the full fair-value methodologyMore on P N GADGIL JEWELLERS LTD
DocStoX estimates are computed from reported financials, for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.