D. P. Abhushan Ltd. (DPABHUSHAN) AI Stock Analysis

• Market Cap: ₹32.62B
• Dividend Yield: N/A
• Average Volume (3M): 21.44K
• Price to Earnings (P/E): 21.9
• Beta (1Y): 0.50
• Revenue Growth: 16.87%
• EPS Growth: 77.79%
• Country: IN
• Employees: 572
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Luxury Goods
• EPS (TTM): 22.57
• Shares Outstanding: 22,827,920
• 10 Day Avg. Volume: 20,266
• 30 Day Avg. Volume: 21,438
• PEG Ratio: 0.35
• Price to Book (P/B): 7.83
• Price to Sales (P/S): 0.96
• P/FCF Ratio: -71.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: ₹1,645.00 ▲(16.07% Upside)

D. P. Abhushan Ltd. demonstrates strong financial performance with significant revenue growth and improved margins. However, liquidity concerns due to negative cash flow and technical indicators suggesting potential overbought conditions temper the overall outlook. The stock's valuation is moderate, lacking a dividend yield, which may affect its appeal to certain investors.

Positive Factors

Revenue Growth

The company has demonstrated a compound annual growth rate of approximately 33% over the past five years, indicating robust market demand and successful business strategies.

Balance Sheet Strength

A decreasing debt-to-equity ratio signifies reduced leverage and a stronger capital structure, enhancing financial stability and flexibility.

Profit Margin Improvement

Improved profit margins reflect enhanced operational efficiency and profitability, supporting long-term financial health and competitive positioning.

Negative Factors

Negative Cash Flow

Persistent negative cash flow from operations indicates liquidity challenges, which could constrain the company's ability to invest in growth and manage debts.

Liquidity Risks

An unfavorable cash flow to net income ratio suggests potential liquidity risks, necessitating improved cash management to ensure financial stability.

Return on Equity Variability

While the current return on equity is strong, its variability over time indicates potential instability in generating consistent shareholder returns.

D. P. Abhushan Ltd. Business Overview & Revenue Model

Company Description

D. P. Abhushan Limited engages in the retail of various jewelleries and ornaments in India. The company's portfolio of jewellery collections include bridal, Rajasthani, junagadhi, calcutti, polka, fine pearl, and other antique jewelry items, as well as guroor, paakeezah, sumukh, amaya, meraki, and riwaj collection. It offers jewellery products in gold, diamond, and platinum studded with precious and semi-precious stones. The company sells jewellery through seven retail showrooms located in Ratlam, Indore, Bhopal, Udaipur, Ujjain, Bhilwara, and Kota. In addition, it generates electricity through windmill. D. P. Abhushan Limited was founded in 1940 and is based in Ratlam, India.

How the Company Makes Money

DPABHUSHAN generates revenue primarily through the sale of its jewelry products. The company has multiple revenue streams including direct sales from its retail stores, online sales via its e-commerce platform, and wholesale distribution to other retailers. A significant part of its earnings comes from high-margin products such as gold and diamond jewelry, which are in demand due to cultural significance in India. Additionally, DPABHUSHAN may benefit from strategic partnerships with suppliers for raw materials, which can enhance profit margins. Seasonal promotions and festive offers also contribute to increased sales during peak periods, further bolstering the company's revenue.

D. P. Abhushan Ltd. Financial Statement Overview

Summary

D. P. Abhushan Ltd. shows strong revenue growth and improved profit margins, indicating robust financial health. The balance sheet is stable with reduced leverage, but cash flow management is a concern due to negative operating cash flow, suggesting potential liquidity risks.

Income Statement

D. P. Abhushan Ltd. has demonstrated strong growth in revenue, with a compound annual growth rate of approximately 33% over the past five years. The company's gross profit and net profit margins have improved, indicating enhanced operational efficiency and profitability. Notably, the net profit margin has increased from 3.5% in 2020 to 3.4% in 2025, despite fluctuations in EBIT and EBITDA margins. These positive trends suggest robust financial health in the income statement.

Balance Sheet

The company has a relatively stable financial position with a debt-to-equity ratio improving from 1.4 in 2020 to 0.45 in 2025, reflecting a decrease in leverage. The equity ratio has also improved, indicating a stronger capital structure. However, the return on equity has shown variability, currently standing at 27.9%, which is a strong performance but has fluctuated in previous years. This suggests a solid balance sheet with some room for improvement in stability.

Cash Flow

Cash flow from operations has been negative in recent years, reaching -189 million in 2025, which raises concerns about liquidity management. However, the company has managed free cash flow growth, although it remains negative. The operating cash flow to net income ratio is unfavorable, indicating cash flow challenges, despite improvements in financing cash flow. This suggests potential liquidity risks that need addressing.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	33.46B	33.11B	23.40B	19.75B	17.31B	12.17B
Gross Profit	2.82B	2.66B	1.50B	1.34B	1.09B	781.90M
EBITDA	1.90B	1.75B	1.01B	768.96M	751.67M	498.25M
Net Income	1.24B	1.13B	618.62M	453.17M	404.35M	274.02M
Balance Sheet
Total Assets	0.00	8.37B	5.37B	4.08B	4.14B	3.95B
Cash, Cash Equivalents and Short-Term Investments	229.03M	229.03M	292.09M	56.72M	47.11M	110.99M
Total Debt	0.00	1.84B	1.73B	1.26B	1.70B	1.69B
Total Liabilities	-4.04B	4.33B	2.99B	2.27B	2.76B	2.98B
Stockholders Equity	4.04B	4.04B	2.39B	1.81B	1.38B	970.79M
Cash Flow
Free Cash Flow	0.00	-441.12M	-39.52M	592.01M	91.67M	-380.77M
Operating Cash Flow	0.00	-189.25M	-2.81M	603.09M	167.46M	-294.24M
Investing Cash Flow	0.00	-268.86M	-38.74M	-9.21M	-52.03M	-97.93M
Financing Cash Flow	0.00	395.04M	283.34M	-590.69M	-179.30M	480.43M

D. P. Abhushan Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1417.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DPABHUSHAN, the sentiment is Negative. The current price of 1417.2 is below the 20-day moving average (MA) of 1445.26, below the 50-day MA of 1487.43, and below the 200-day MA of 1497.86, indicating a bearish trend. The MACD of -7.61 indicates Negative momentum. The RSI at 44.22 is Neutral, neither overbought nor oversold. The STOCH value of 43.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DPABHUSHAN.

D. P. Abhushan Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DPABHUSHAN	67 Neutral	₹32.62B	21.87	―	―	16.87%	77.79%
THANGAMAYL	66 Neutral	₹112.01B	59.42	―	0.37%	35.04%	80.12%
SENCO	66 Neutral	₹57.56B	22.95	―	0.31%	20.18%	16.17%
PCJEWELLER	62 Neutral	₹75.46B	10.32	―	―	190.41%	2939.51%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
RAJESHEXPO	60 Neutral	₹49.72B	36.57	―	―	112.02%	244.77%

D. P. Abhushan Ltd. Corporate Events

D. P. Abhushan Ltd. Releases Q2 FY26 Earnings Call Recording

D. P. Abhushan Ltd. has released an audio recording of its Q2 FY26 earnings call, detailing the unaudited financial results for the quarter ending September 30, 2025. This announcement, made in compliance with regulatory requirements, provides stakeholders with insights into the company’s financial performance and strategic direction.