D.P. Abhushan Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹4,805 Cr
- P/E
- 20.03
- ROE
- 40.86%
- PEG
- 0.30
- Price to sales
- 1.10
- Debt to equity
- 0.48
- 52W high / low
- ₹2,438 / ₹888
- Sales growth (5Y)
- 27.28%
- EBITDA margin
- 7.83%
- Net profit margin
- 5.22%
- Promoter holding
- 74.89%
- Sales (last year)
- ₹4,377 Cr
Incorporated in 2017, D. P. Abhushan Ltd is in the business of manufacturing, sale and trading of Jewellery, and other precious Metals.[1]
Guidance scorecard · Q1 FY27 call
What D.P. Abhushan Ltd's management guided
and where it ranks in Consumer Durables
Consumer Durables
RevenueQ1 FY27 call
10–20%- The company targets approximately 10% volume growth for both FY27 and FY28, focusing primarily on sustainable volume growth across the business.
- Revenue growth will largely depend on prevailing gold prices; higher prices will drive higher value growth, while stabilization or moderation will reflect accordingly.
- Volume growth is prioritized as the key metric reflecting true business strength, with strategies centered on increasing volumes, expanding store networks, and improving sales throughput.
- Expansion plans include opening 5-6 new stores annually, with some moderation in early FY27 but resuming aggressive growth thereafter.
- The company aims to deepen customer relationships and expand presence in high-potential Tier II and Tier III markets, with attention to multi-state expansion near existing markets.
2 more points from D.P. Abhushan Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what D.P. Abhushan Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- DP Abhushan Limited is actively expanding its physical store network, targeting the addition of approximately 5-6 new stores in the current year (FY27).
- New store locations are being finalized and developed, with a focus on Tier II and Tier III cities across multiple states including Gujarat and Maharashtra.
- The company follows a calibrated expansion strategy based on market studies including customer base, brand awareness, and local demand.
- Capex mainly involves two formats: small to medium stores (3,000 to 5,000 sq ft) and larger format stores (8,000 to 10,000 sq ft).
- Typical store break-even is achieved within 6-9 months of opening.
- Plans include increasing investment in the diamond/studded jewellery segment, aiming to double or triple the current business by March 2028.
2 more points from D.P. Abhushan Ltd's call on capex
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FundraisingQ1 FY27 call
See what D.P. Abhushan Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Customer demand remains healthy with increased participation in gold exchange transactions and planned jewellery purchases.
- The company is targeting about 10% volume growth for FY27 and FY28, indicating positive sales outlook.
- Expansion plans include opening 6-8 new stores annually, focusing on markets with existing brand awareness.
2 more points from D.P. Abhushan Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹166 Cr | 20.3 | |
| 2 | 40%+ | Up 2%+ | ₹100 Cr | 12.7 | |
| 3 | 40%+ | Up 0–2% | ₹3,249 Cr | 17.4 | |
| 4 | 40%+ | Up 0–2% | ₹2,081 Cr | 18.8 | |
| 5 | 40%+ | Flat | ₹2,429 Cr | 41.1 | |
| 6 | 40%+ | Flat | ₹2,163 Cr | 25.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingD.P. Abhushan Ltd announcements
All announcements →- Fundraise / allotmentNotableD. P. Abhushan Limited approves preferential issue of equity shares and warrants
Financials of D.P. Abhushan Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
D.P. Abhushan Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 75.00% | 75.00% | 75.00% | 73.82% | 73.82% | 75.00% | 75.00% | 74.88% | 74.88% | 74.89% | 74.89% | 74.89% |
| FIIs + | 0.00% | 0.00% | 0.06% | 0.13% | 0.20% | 0.20% | 0.21% | 0.23% | 0.22% | 0.32% | 0.23% | 0.45% |
| DIIs + | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 0.05% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public + | 25.00% | 25.00% | 24.95% | 26.05% | 25.93% | 24.75% | 24.78% | 24.88% | 24.90% | 24.78% | 24.88% | 24.65% |
| No. of Shareholders | 5,539 | 5,560 | 6,548 | 9,117 | 9,280 | 9,287 | 9,234 | 8,736 | 8,976 | 9,315 | 10,316 | 9,912 |
Financials of D.P. Abhushan Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 471 | 546 | 765 | 557 | 505 | 1,005 | 1,084 | 717 | 540 | 968 | 1,222 | 1,335 | 852 |
| Expenses + | 446 | 524 | 737 | 532 | 466 | 967 | 1,029 | 675 | 486 | 892 | 1,117 | 1,266 | 760 |
| Operating Profit | 25 | 22 | 29 | 24 | 38 | 38 | 55 | 42 | 54 | 76 | 106 | 69 | 93 |
| OPM % | 5% | 4.0% | 3.8% | 4.4% | 8% | 3.8% | 5% | 6% | 10% | 8% | 9% | 5% | 11% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 4 | 1 |
| Interest | 3 | 3 | 5 | 0 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 4 | 5 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 4 | 3 | 3 | 3 | 3 | 2 |
| Profit before tax | 21 | 18 | 22 | 23 | 34 | 33 | 49 | 35 | 49 | 69 | 98 | 67 | 86 |
| Tax % | 25% | 25% | 25% | 28% | 26% | 25% | 24% | 27% | 25% | 26% | 25% | 24% | 25% |
| Net Profit + | 16 | 13 | 17 | 16 | 25 | 25 | 37 | 25 | 36 | 51 | 73 | 51 | 64 |
| EPS in Rs | 7.02 | 5.99 | 7.51 | 7.28 | 11.27 | 11.11 | 16.51 | 11.10 | 16.07 | 22.54 | 32.13 | 22.17 | 28.23 |
Financials of D.P. Abhushan Ltd
Profit & Loss
Annual income statement trend
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 451 | 660 | 812 | 807 | 1,215 | 1,728 | 1,971 | 2,337 | 3,307 | 4,060 | 4,377 |
| Expenses + | 433 | 638 | 784 | 773 | 1,164 | 1,653 | 1,893 | 2,234 | 3,131 | 3,753 | 4,034 |
| Operating Profit | 18 | 22 | 28 | 34 | 51 | 75 | 79 | 103 | 176 | 307 | 343 |
| OPM % | 3.9% | 3.3% | 3.4% | 4.2% | 4.2% | 4.3% | 4.0% | 4.4% | 5% | 8% | 8% |
| Other Income + | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 5 |
| Interest | 12 | 10 | 10 | 10 | 11 | 15 | 13 | 14 | 17 | 19 | 17 |
| Depreciation | 1 | 1 | 2 | 3 | 4 | 5 | 5 | 6 | 9 | 11 | 11 |
| Profit before tax | 8 | 11 | 16 | 22 | 37 | 55 | 61 | 83 | 151 | 283 | 320 |
| Tax % | 35% | 28% | 28% | 25% | 25% | 26% | 25% | 26% | 25% | 25% | |
| Net Profit + | 5 | 8 | 12 | 17 | 27 | 40 | 45 | 62 | 113 | 212 | 240 |
| EPS in Rs | 3.66 | 5.30 | 7.49 | 12.34 | 18.17 | 20.36 | 27.80 | 49.73 | 92.80 | 105.07 | |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 6% | 5% | 4% | 0% | 0% |
Financials of D.P. Abhushan Ltd
Balance Sheet
Capital structure and asset base
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 23 | 23 |
| Reserves | 0 | 19 | 31 | 47 | 75 | 116 | 159 | 216 | 381 | 610 |
| Borrowings + | 96 | 125 | 99 | 97 | 171 | 170 | 126 | 173 | 184 | 304 |
| Other Liabilities + | 21 | 29 | 78 | 102 | 129 | 105 | 102 | 126 | 249 | 206 |
| Total Liabilities | 138 | 195 | 230 | 269 | 397 | 414 | 409 | 537 | 837 | 1,143 |
| Fixed Assets + | 19 | 26 | 27 | 30 | 42 | 50 | 49 | 49 | 65 | 75 |
| CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 11 | 1 |
| Investments | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 12 |
| Other Assets + | 119 | 169 | 203 | 238 | 352 | 363 | 360 | 488 | 761 | 1,055 |
| Total Assets | 138 | 195 | 230 | 269 | 397 | 414 | 409 | 537 | 837 | 1,143 |
Financials of D.P. Abhushan Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 8 | -9 | 37 | 7 | -29 | 17 | 61 | -0 | -19 | -97 |
| Cash from Investing Activity + | 8 | -17 | -3 | -2 | -12 | -5 | -1 | -4 | -27 | -21 |
| Cash from Financing Activity + | -16 | 30 | -34 | -11 | 50 | -18 | -60 | 28 | 40 | 121 |
| Net Cash Flow | 1 | 3 | 0 | -5 | 9 | -6 | 0 | 24 | -6 | 3 |
| Free Cash Flow | 8 | -27 | 35 | 5 | -38 | 9 | 60 | -4 | -46 | -106 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 54% | -29% | 147% | 39% | -39% | 40% | 97% | 20% | 10% | -8% |
Financials of D.P. Abhushan Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 0 |
| Inventory Days | 96 | 88 | 89 | 113 | 103 | 79 | 69 | 76 | 87 | 100 |
| Days Payable | 5 | 9 | 25 | 29 | 25 | 14 | 12 | 12 | 21 | 11 |
| Cash Conversion Cycle | 92 | 80 | 66 | 85 | 79 | 66 | 56 | 64 | 66 | 89 |
| Working Capital Days | 78 | 46 | 30 | 20 | 19 | 25 | 29 | 27 | 36 | 48 |
| ROCE % | 15% | 16% | 20% | 22% | 24% | 24% | 27% | 34% | 40% |
Guidance history
How D.P. Abhushan Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 20–40% | Up 0–2% | Planned | Planned | — |
| Q3 FY26 call → | 20–40% | Up 2%+ | Planned | Planned | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
93 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +54.0% | 86% |
| Last 6 months | +103.3% | 97% |
| Last 3 months | +56.9% | 97% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For D.P. Abhushan Ltd: 0.4 × 86 + 0.4 × 97 + 0.2 × 97 = 93.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What D.P. Abhushan Ltd's management said in earlier quarters
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