Grover Jewells Limited is engaged in the design, manufacture and wholesale supply of gold jewellery, primarily catering to B2B jewellers. The company earns revenue through sale of handcrafted and machine-made gold ornaments, including rings, bangles and necklaces. Its products are used for retail jewellery sales and wedding demand, with a focus on traditional Indian designs and consistent purity standards.


The Company is led by Promoter, i.e.,(i) Mr. Deepak Kumar Grover, (ii) Mr. Lavkesh Kumar Grover and (iii) Mrs. Bhawna Grover

The Revenues from operations for the Period ended on Oct 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 47,321.98 Lakh, ₹ 46,094.69 Lakh, ₹ 25,800.40 Lakh, and ₹ 25,511.32 Lakh, The EBITDA for the Period ended on Oct 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,462.08 Lakh, ₹ 1,125.57 Lakh, ₹ 470.60 Lakh, and ₹ 410.07 Lakh, The Profit after Tax for the Period ended on Oct 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 1,045.23 Lakh, ₹ 762.28 Lakh, ₹ 278.05 Lakh, and ₹ 270.52 Lakh, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue   EPS of ₹ 7.15 and post-issue EPS of ₹ 5.25 for FY25. The pre-issue P/E ratio is 12.31x,while the post-issue P/E ratio is 16.75x against the Industry P/E ratio is NAx The company's ROE for FY25 is 45.67% and RoNW is 45.67% The Annualised EPS is ₹ 12.35x and P/E is ₹ 7.12x,  These metrics suggest that the IPO is Fully priced.

 
The Grey Market Premium (GMP) of Grover Jewells showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Avoid to the Grover Jewells Limited, IPO for Listing gain or Long Term Purposes.