Kalyan Jewellers India vs PN Gadgil Jewellers: Share Price, PE and ROE Compared

August 13, 2026
Posted by: Ankit Jaiswal
Category: Market

Kalyan Jewellers MCap approx Rs 30,000-38,000 Cr. PN Gadgil Jewellers MCap approx Rs 6,000-9,000 Cr. Data approximate.

Quick Answer

Kalyan Jewellers India and PN Gadgil Jewellers are both listed organised jewellery retailers. Kalyan at approximately Rs 30,000-38,000 Cr is a national chain; PN Gadgil is a regional Maharashtrian jeweller expanding nationally. Both benefit from the shift from unorganised to organised jewellery retail in India.

The Kalyan Jewellers India vs PN Gadgil Jewellers question comes up often among investors who follow the Organised jewellery retail space in India. Kalyan Jewellers MCap approx Rs 30,000-38,000 Cr. PN Gadgil Jewellers MCap approx Rs 6,000-9,000 Cr. This article goes through what each company does, their latest financial performance, and the key numbers that matter for anyone evaluating Kalyan Jewellers India vs PN Gadgil Jewellers as a research exercise.

All data cited here is sourced from publicly available company filings. Note: Data is approximate. Verify the latest prices and fundamentals on NSE or BSE before acting on any information.

Table of Contents

Kalyan Jewellers India vs PN Gadgil Jewellers: Company Overview and Market Presence

Kalyan Jewellers India operates in the Organised jewellery retail segment and is listed on Indian exchanges. Kalyan Jewellers MCap approx Rs 30,000-38,000 Cr The company has built its market position over the years through its core offerings to customers across India.

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PN Gadgil Jewellers is the other side of this Kalyan Jewellers India vs PN Gadgil Jewellers comparison. PN Gadgil Jewellers MCap approx Rs 6,000-9,000 Cr It competes in the same Organised jewellery retail space, though its scale and strategy may differ significantly from Kalyan Jewellers India’s approach.

When investors look at the Kalyan Jewellers India vs PN Gadgil Jewellers pair, market capitalisation is usually the first filter. Kalyan Jewellers MCap approx Rs 30,000-38,000 Cr. PN Gadgil Jewellers MCap approx Rs 6,000-9,000 Cr. The size difference, if any, tells you something about liquidity and institutional ownership patterns.

Kalyan Jewellers India vs PN Gadgil Jewellers: Business Mix and Revenue Sources

To understand the Kalyan Jewellers India vs PN Gadgil Jewellers comparison fully, you need to look at how each company makes money. Kalyan Jewellers India’s revenue comes from its core Organised jewellery retail operations. Kalyan Jewellers India earns from the Organised jewellery retail segment.

PN Gadgil Jewellers similarly derives its earnings from the Organised jewellery retail space. PN Gadgil Jewellers operates in the Organised jewellery retail space. The product or service mix of the two companies can be similar or quite different depending on which subsegments each one serves.

Kalyan Jewellers India vs PN Gadgil Jewellers: Financial Results and Key Ratios

This is where the Kalyan Jewellers India vs PN Gadgil Jewellers comparison gets concrete. Return on equity, price-to-earnings ratio and market capitalisation are three metrics that help frame the relative position of each stock.

Kalyan Jewellers MCap approx Rs 30,000-38,000 Cr The profitability and efficiency ratios here reflect the latest available data from public filings.

PN Gadgil Jewellers MCap approx Rs 6,000-9,000 Cr Investors should note that Data is approximate.

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Kalyan Jewellers India vs PN Gadgil Jewellers: Valuation and What the Market Is Pricing In

Valuation is a core part of any Kalyan Jewellers India vs PN Gadgil Jewellers analysis. A high PE ratio can signal growth expectations or thin earnings. A low PE may indicate value or a business under stress. Neither is automatically good or bad without context.

Kalyan Jewellers MCap approx Rs 30,000-38,000 Cr. PN Gadgil Jewellers MCap approx Rs 6,000-9,000 Cr. Data approximate. The Kalyan Jewellers India vs PN Gadgil Jewellers stock data above reflects figures sourced from publicly available data. Prices change daily, so treat this as a starting point for your own research rather than a definitive trading signal.

Dividend yield is another data point worth checking in the Kalyan Jewellers India vs PN Gadgil Jewellers pair. Some investors prioritise income alongside capital appreciation, and a consistent dividend track record can be a sign of earnings quality and management confidence in the cash flow.

Kalyan Jewellers India vs PN Gadgil Jewellers: Side-by-Side Comparison

The table below captures the most relevant metrics side by side for the Kalyan Jewellers India vs PN Gadgil Jewellers comparison.

Parameter	Kalyan Jewellers India	PN Gadgil Jewellers
MCap	approx Rs 30,000-38,000 Cr	approx Rs 6,000-9,000 Cr
Data	Approximate	Approximate
Network	National	Regional to national

What Should Investors Know About the Kalyan Jewellers India vs PN Gadgil Jewellers Choice

Every Kalyan Jewellers India vs PN Gadgil Jewellers research exercise should go beyond just looking at the current share price. The sector outlook for Organised jewellery retail companies, the trajectory of earnings growth, debt levels and management quality all feed into a complete picture.

For the Kalyan Jewellers India vs PN Gadgil Jewellers pair specifically: Kalyan Jewellers MCap approx Rs 30,000-38,000 Cr. PN Gadgil Jewellers MCap approx Rs 6,000-9,000 Cr. These numbers are a starting point. Investors should also look at the trend over four to eight quarters rather than just the latest standalone figure, since one strong quarter does not always reflect the underlying business quality.

If you are building a portfolio allocation decision around the Kalyan Jewellers India vs PN Gadgil Jewellers comparison, consider the risk profile of your overall portfolio first. Both companies operate in Organised jewellery retail, which carries its own sector-specific risks including regulatory changes, commodity cost pressure, competitive intensity and macroeconomic sensitivity.

Conclusion

The Kalyan Jewellers India vs PN Gadgil Jewellers comparison comes down to this: Kalyan Jewellers India and PN Gadgil Jewellers are both listed Indian companies in the Organised jewellery retail space, but they differ in scale, valuation, and financial profile. Kalyan Jewellers MCap approx Rs 30,000-38,000 Cr. PN Gadgil Jewellers MCap approx Rs 6,000-9,000 Cr.

Kalyan Jewellers MCap approx Rs 30,000-38,000 Cr. PN Gadgil Jewellers MCap approx Rs 6,000-9,000 Cr. Data approximate. Before taking any position in either stock, verify the latest fundamentals on NSE or BSE and consult a SEBI-registered investment advisor (registration number INH000013776).

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Disclaimer: Data and figures in this article are sourced from publicly available information and may not be fully accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice from Univest (SEBI RA INH000013776).

Frequently Asked Questions

What does Kalyan Jewellers India do?

Ans. Kalyan Jewellers India is a listed Indian company in the Organised jewellery retail segment. Visit univest.in for live data.

What does PN Gadgil Jewellers do?

Ans. PN Gadgil Jewellers is a listed Indian company in the Organised jewellery retail segment. Visit univest.in for live data.

Which is larger in the Kalyan Jewellers India vs PN Gadgil Jewellers comparison?

Ans. Based on current data: Kalyan Jewellers MCap approx Rs 30,000-38,000 Cr. Verify from NSE or BSE.

How do PE ratios compare in Kalyan Jewellers India vs PN Gadgil Jewellers?

Ans. The PE ratio comparison is in the data table above. Verify from NSE or BSE before investing.

What is the ROE of Kalyan Jewellers India?

Ans. The ROE of Kalyan Jewellers India is listed in the comparison table above. Verify from the latest quarterly filings.

Does PN Gadgil Jewellers pay dividends?

Ans. Dividend yield information for PN Gadgil Jewellers is in the comparison above. Verify from NSE or BSE.

How should I evaluate Organised jewellery retail stocks?

Ans. For Organised jewellery retail stocks, review earnings quality, ROE trends, debt levels and sector outlook. Consult a SEBI-registered advisor (INH000013776) before investing.

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Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.