PNGS Reva Diamond Jewellery Limited is a retail-focused jewellery brand engaged in designing and selling diamond-studded jewellery made of gold and platinum under its flagship brand “Reva.” The company earns revenue through physical retail stores operating in FOCO, FOFO, and COCO formats. As of the RHP date, it operates 34 stores across 25 cities in Maharashtra, Gujarat, and Karnataka, with a strong focus on diamond jewellery.

The Company is led by Promoter, i.e.,P. N. GADGIL & SONS LIMITED, GOVIND VISHWANATH GADGIL AND RENU GOVIND GADGIL

The Revenues frorom operations for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,571.17 Million, ₹ 2,591.06 Million, ₹ 1,962.36 Million, and ₹ 1,993.47 Million, The EBITDA for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 307.92 Million, ₹ 796.11 Million, ₹ 561.39 Million, and ₹ 687.31 Million, The Profit after Tax for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 201.33 Million, ₹ 594.74 Million, ₹ 424.14 Million, and ₹ 517.47 Million, respectively. This indicates a steady growth in financial performance.

 The Company Key Performance Indicates the pre-issue   EPS of ₹ 35.21 and post-issue EPS of ₹ 18.76 for FY25. The pre-issue P/E ratio is 10.96x,while the post-issue P/E ratio is 20.58x against the Industry P/E ratio is 43.23x The company's ROE for FY25 is 34.08% and RoNW is 59.36% The Annualised EPS is ₹ 12.70x and P/E is ₹ 30.40x , These metrics suggest that the IPO is Fully priced.

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