NSE: DPABHUSHAN · BSE: 544161 · ISIN INE266Y01019
D. P. Abhushan Limited stock analysis
D. P. Abhushan Limited ranks #625 in the TickerSutra evidence-ranked universe with a score of 62/100 and 95% data confidence. The latest captured fundamentals show ROCE of 39.6%, quarterly sales growth of 57.7% and quarterly profit growth of 77.0%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 39.6%
- 27.3% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹1,728cr | ₹75cr | ₹40cr | 4.3% |
| 2023 | ₹1,971cr | ₹79cr | ₹45cr | 4.0% |
| 2024 | ₹2,337cr | ₹103cr | ₹62cr | 4.4% |
| 2025 | ₹3,307cr | ₹176cr | ₹113cr | 5.0% |
| 2026 | ₹4,065cr | ₹304cr | ₹212cr | 7.0% |
| TTM | ₹4,377cr | ₹343cr | ₹240cr | 8.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
We hereby submit intimation w.r.t. Closure of Trading Window from the period commencing from October 01, 2026 till 48 hours after declaration of unaudited Financial results of for quarter and half year ended September 30, 2026.
RoutineShareholders meetingNSE · 27 Sept 2026D. P. Abhushan Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2026. Further, the company has informed the Exchange regarding voting results.
RoutineD.P. Abhushan Ltd - 544161 - Scrutinizer Report On E-Voting And Voting Through PollBSE · 27 Sept 2026We hereby submit Scrutinizer Report on E-voting and Voting through Poll conducted for the 9th AGM held on Friday, September 25, 2026.
RoutineShareholders meetingNSE · 26 Sept 2026D. P. Abhushan Limited has informed the Exchange regarding Proceedings of 9th Annual General Meeting held on September 25, 2026
RoutineD.P. Abhushan Ltd - 544161 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 26 Sept 2026We hereby submit proceedings of the 9th AGM of the Company held on September 25, 2026.
MANAGEMENT COMMENTARY
Signals from filed documents
Vikas Kataria: In terms of top line, yeah. And a follow -up on this also, as the business scale, as you said, do you expect operating leverage benefits and margin improvement once the newer stores mature and fixed cost gets absorbed by the larger revenue base? We are already seeing improvement in margins, and our operational efficiency is also improving.
Vikas Kataria: In terms of top line, yeah. And a follow -up on this also, as the business scale, as you said, do you expect operating leverage benefits and margin improvement once the newer stores mature and fixed cost gets absorbed by the larger revenue base? We are already seeing improvement in margins, and our operational efficiency is also improving.
So , can the company sustain 20% plus revenue growth going ahead? Vikas Kataria: Yes, we are confident of achieving growth of around 20% going forward, driven by strong wedding demand in the country. Additionally, we are actively promoting our old gold exchange policies, which is further supporting customer demand.
Abhushan Limited May 22, 2026 Page 17 of 17 Anil Kataria: Thank you, everyone, for your thoughtful questions and active participation in today’s earnings call. While recent regulatory measures, government announcements, and elevated gold prices may influence short-term consumer sentiment, we remain confident in the underlying strength of the jewellery sector and our positioning within it. As we conclude today’s call,
Built on decades of customer trust and supported by an experienced management team, we continue to strengthen our regional presence, enhance our customer proposition and pursue opportunities for disciplined expansion into new markets. Trust through transparency Focus on transparent dealings, purity and competitive pricing to remain a preferred jewellery destination in its markets. Integrity at the core Upholding stro
Fine Amount Nil Observations / Remarks of the Practicing Company Secretary There was delay of one working day in filing the intimation of analysts/ institutional investors meet which was held on 06/11/2025. Management Response The delay occurred due to an inadvertent oversight in considering the applicable trading holidays while computing the prescribed notice period for prior intimation of the Analyst/Institutional
So, we will explore all available options. As far as our expansion plans for FY27 and FY28 are concerned, they will be executed through internal accruals as well. Kanishk Gupta: So, can we also expect the company getting a bit of long-term borrowings?
These factors together could keep input costs elevated for businesses and reduce purchasing power in price-sensitive consumer categories. The pricing environment for precious metals has further intensified these pressures for the jewellery industry. Gold prices in India remained at historically high levels through FY 2025–26 and into FY 2026–27 .
In addition, fragmented supply chains and longer replenishment cycles can affect speed-to-market, assortment freshness, and operational efficiency especially for retailers scaling across multiple regions and store formats. Export Market Volatility and Global Uncertainty Although the domestic market remains the mainstay of the Indian jewellery industry, export-linked volatility continues to influence the broader ecosy
EMPLOYEE STOCK OPTION PLAN The Company has framed “D. Abhushan Limited - Employee Stock Option Plan 2024” (“ESOP – 2024” or “Scheme”) pursuant to the applicable provisions of the Companies Act, 2013 and the rules made thereunder and the Securities and Exchange Board of India (Share based Employees Benefits and Sweat Equity) Regulations, 2021 as approved by the members, which helps the Company to retain and attract th
And what would be the key drivers behind this growth? Would it be the store additions or same-store sales growth or market share gains? Vikas Kataria: Thank you, Ganesh, for your question.
But if diamond segment growth is not there, our margin will not improve as much as we are thinking. What will be our margin guidance in FY27? Vikas Kataria: Our margin guidance will be around 6% to 6.5%, EBITDA margin.
MANAGEMENT PROMISE LEDGER
Quantified statements on the clock
“But if diamond segment growth is not there, our margin will not improve as much as we are thinking. What will be our margin guidance in FY27? Vikas Kataria: Our margin guidance will be around 6% to 6.5%, EBITDA margin.”
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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