Price
Financials
Standalone, Rs crore| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 28 | 34 | 28 | 49 | 27 | 31 | 32 | 37 | 34 | 48 | 46 | 71 |
| Expenses | 28 | 33 | 27 | 49 | 26 | 30 | 30 | 35 | 31 | 45 | 42 | 69 |
| Operating Profit | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 5 | 2 |
| OPM % | 2.8% | 2.5% | 3.1% | 1.7% | 3.2% | 4.1% | 3.7% | 5% | 9% | 6% | 10% | 3.1% |
| Other Income | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Profit before tax | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 2 | 2 | 4 | 1 |
| Tax % | 25% | 30% | 22% | 50% | 12% | 25% | 22% | 27% | 22% | 34% | 22% | 27% |
| Net Profit | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 2 | 1 | 3 | 1 |
| EPS in Rs | 0.04 | 0.04 | 0.04 | 0.01 | 0.76 | 0.14 | 0.08 | 0.49 | 1.09 | 0.88 | 1.71 | 0.41 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 55 | 51 | 54 | 59 | 67 | 94 | 62 | 77 | 58 | 68 | 82 | 117 |
| Expenses | 54 | 50 | 54 | 57 | 65 | 93 | 61 | 75 | 56 | 65 | 76 | 110 |
| Operating Profit | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 6 | 7 |
| OPM % | 2.4% | 2.0% | 1.8% | 2.7% | 3.1% | 1.7% | 2.6% | 2.2% | 3.7% | 4.7% | 7% | 6% |
| Other Income | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Interest | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 5 | 5 |
| Tax % | 25% | 50% | 33% | 42% | 28% | 50% | 28% | 31% | 14% | 27% | 28% | 23% |
| Net Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 3 | 4 |
| EPS in Rs | 0.63 | 0.25 | 0.75 | 0.26 | 0.51 | 0.05 | 0.08 | 0.05 | 0.90 | 0.58 | 1.98 | 2.11 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 9% | 13% | 26% | 42% | ||
| Compounded Profit Growth | 68% | 94% | 125% | 7% | ||
| Stock Price CAGR | % | 47% | 16% | -58% | ||
| Return on Equity | 4% | 5% | 6% | 7% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.80 | 0.80 | 0.80 | 7 | 7 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 4 | 4 | 4 | 2 | 3 | 4 | 5 | 5 | 6 | 19 | 33 | 37 |
| Borrowings | 9 | 8 | 8 | 13 | 12 | 12 | 14 | 16 | 14 | 14 | 14 | 32 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 0 | 0 | 1 | 1 |
| Total Liabilities | 13 | 13 | 12 | 22 | 22 | 33 | 37 | 42 | 37 | 51 | 65 | 88 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 13 | 24 | 24 |
| Other Assets | 13 | 12 | 12 | 22 | 22 | 33 | 37 | 42 | 36 | 37 | 40 | 62 |
| Total Assets | 13 | 13 | 12 | 22 | 22 | 33 | 37 | 42 | 37 | 51 | 65 | 88 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | 2 | 1 | -9 | 2 | -9 | -1 | 0 | 5 | 2 | 3 | -14 |
| Cash from Investing Activity | -0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -1 | -0 | -1 | -0 |
| Cash from Financing Activity | -1 | -2 | -1 | 9 | -2 | 9 | 1 | 0 | -4 | -1 | -2 | 16 |
| Net Cash Flow | -0 | 0 | 0 | -0 | 0 | -0 | -0 | 0 | -0 | 0 | 0 | 2 |
| Free Cash Flow | 1 | 2 | 1 | -9 | 2 | -9 | -1 | 0 | 4 | 2 | 3 | -14 |
| CFO/OP | 48% | 197% | 112% | -533% | 104% | -564% | -67% | 11% | 236% | 62% | 76% | -185% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 12 | 10 | 0 | 36 | 38 | 70 | 111 | 119 | 123 | 41 | 28 | 42 |
| Inventory Days | 76 | 79 | 81 | 102 | 84 | 57 | 108 | 81 | 103 | 164 | 146 | 149 |
| Days Payable | 0 | 1 | 0 | 0 | 0 | 0 | 10 | 24 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 88 | 87 | 81 | 138 | 121 | 127 | 208 | 176 | 226 | 204 | 173 | 191 |
| Working Capital Days | 31 | 32 | 36 | 56 | 52 | 81 | 129 | 111 | 149 | 121 | 110 | 80 |
| ROCE % | 10% | 8% | 8% | 9% | 9% | 6% | 5% | 4% | 6% | 7% | 11% | 9% |
| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.19% | 73.19% | 73.19% | 73.19% | 69.32% | 74.14% | 74.14% | 74.14% | 74.14% | 74.14% | 74.14% | 74.14% |
| Public | 26.80% | 26.81% | 26.81% | 26.81% | 30.68% | 25.86% | 25.86% | 25.86% | 25.86% | 25.86% | 25.86% | 25.86% |
| No. of Shareholders | 47 | 45 | 46 | 49 | 58 | 59 | 61 | 65 | 106 | 102 | 125 | 517 |
Fundamentals
Market Cap₹ 180 Cr.
Current Price₹ 107
Stock P/E50.6
Book Value₹ 32.3
ROCE9.20 %
ROE6.80 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)42%
Compounded Profit Growth (TTM)7%
Standalone figures.
Valuation
Market capRs 180 Cr
Enterprise valueRs 209 Cr
P/E (TTM)50.59x
Price to book3.31x
Price to sales1.53x
EV / EBITDA29.96x
EV / EBIT30.26x
EV / sales1.78x
Earnings yield1.98%
P/E, 3-year average123.90x
P/B, 3-year average6.26x
P/E, 5-year average144.93x
P/B, 5-year average4.45x
Profitability
Operating margin (excl. other income)5.95%
Operating margin (incl. other income)5.95%
EBITDA margin5.95%
Pre-tax margin3.92%
Net profit margin3.03%
ROE6.80%
ROCE9.20%
ROA4.65%
ROE, 3-year average5.94%
ROCE, 3-year average8.98%
ROA, 3-year average4.20%
ROE, 5-year average5.01%
ROCE, 5-year average8.18%
ROA, 5-year average3.32%
ROIC (approx.)6.35%
Tax rate23.04%
Growth
Sales growth (latest year)42.47%
Profit growth (latest year)6.93%
Sales CAGR, 3 years26.18%
Sales CAGR, 5 years13.44%
Profit CAGR, 3 years32.97%
Profit CAGR, 5 years93.76%
Per share
EPS (TTM)Rs 2.11
EPS (latest year)Rs 2.11
EPS, 3-year averageRs 1.56
EPS, 5-year averageRs 1.12
Book value per shareRs 32.28
Sales per shareRs 69.89
Cash flow per shareRs -8.33
Free cash flow per shareRs -8.34
Efficiency
Asset turnover1.34x
Fixed asset turnover434.52x
Inventory turnover2.45x
Inventory days149 days
Debtor days42 days
Debtors turnover8.66x
Creditor days0 days
Cash conversion cycle191 days
Working capital days80 days
Leverage
Total debtRs 32 Cr
Cash and bankRs 3 Cr
Net debtRs 30 Cr
Debt to equity0.60x
Net debt / EBITDA4.23x
Interest coverage2.99x
Owners' fund to total sources61.80%
Debt to assets36.85%
Cash flow
Cash from Operating Activity (latest year)Rs -14 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 16 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs -14 Cr
FCFE (approx.: FCF + change in debt)Rs 5 Cr
Cash from ops / profit, 5 years-0.40x
Statement figures
Net sales (TTM)Rs 117 Cr
Net sales (latest year)Rs 117 Cr
Operating profit excl. other income (latest year)Rs 7 Cr
EBITDA (TTM)Rs 7 Cr
PBDT (TTM)Rs 5 Cr
Profit before tax (TTM)Rs 5 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 4 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 109 Cr
Total expenditure (latest year)Rs 110 Cr
Total income (latest year)Rs 117 Cr
Share capitalRs 17 Cr
ReservesRs 37 Cr
Shareholders' fundsRs 54 Cr
Total assetsRs 88 Cr
Net blockRs 0 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 24 Cr
ReceivablesRs 14 Cr
InventoryRs 45 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)1.68
Ownership
Promoter holding74.14% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 50.6 is at the 11th percentile of its own 5.1-year range
(median 138.2, low 34.4, high 389.8).
P/B 3.31 is at the 55th percentile (median 2.72).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | GOLDKART | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +11.1% | -2.8% | +13.9 pts |
| 1 month | -16.6% | -6.8% | -9.8 pts |
| 3 months | -61.1% | -7.6% | -53.5 pts |
| 6 months | -35.1% | +0.4% | -35.5 pts |
| 1 year | +919.0% | -9.9% | +929.0 pts |
| 3 years | +57.7% | +14.2% | +43.5 pts |
| 5 years | +590.3% | +27.9% | +562.4 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -115% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 20% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 118% vs sales +42% in 2026 |
| look | On NSE surveillance On NSE surveillance: ASM long-term |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹71 Cr +91.9% vs Mar 2024.
Net profit ₹1 Cr +0.0%.
Activity
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|---|---|---|---|
| Titan Company Ltd | 415,040 | 71.1 | 20.5 % |
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| Sky Gold & Diamonds Ltd | 12,713 | 38.0 | 27.0 % |
| Bluestone Jewellery & Lifestyle Ltd | 12,315 | 219 | 6.78 % |
| P N Gadgil Jewellers Ltd | 8,612 | 19.2 | 21.0 % |
| Timex Group India Ltd | 7,360 | 82.5 | 82.8 % |
| Ethos Ltd | 6,662 | 63.1 | 10.4 % |
| Senco Gold Ltd | 5,363 | 9.40 | 21.2 % |
| Goldiam International Ltd | 4,861 | 23.0 | 25.8 % |
| KDDL Ltd | 4,836 | 49.3 | 11.7 % |
| Tribhovandas Bhimji Zaveri Ltd | 4,184 | 19.6 | 21.9 % |
| D.P. Abhushan Ltd | 3,796 | 15.8 | 39.6 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 daysLong Term Additional Surveillance Measure (Long Term ASM): stage 1Mandatory Market making period in SME scrip is overSME scrip is not regularly traded