MarketFriction

Lalithaa Jewellery Mart Ltd

NSE LALITHAA · BSE 544879 · Gems, Jewellery And Watches
₹387.85 +1.56%
NSE close2026-10-01
52 week range240.35 - 393.75
Market cap₹20,989 Cr.
P/E22.0
IPO 2026 · +93% since ASM short-term Price band 5% Delivery 40.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Jun 2025Mar 2026Jun 2026
Sales4,7866,5006,040
Expenses4,3545,9555,667
Operating Profit432545373
OPM %9%8%6%
Other Income824
Interest504962
Depreciation343330
Profit before tax357465284
Tax %26%26%27%
Net Profit264346208
EPS in Rs5.286.924.17
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales7,7587,8277,2468,18713,38116,78616,89725,039
Expenses7,5017,4786,8247,77412,85516,07816,12823,320
Operating Profit2583494214135267097701,719
OPM %3.3%4.5%6%5%3.9%4.2%4.6%7%
Other Income4-77381111813
Interest112145141142158166191242
Depreciation18515254617287130
Profit before tax1321462362553184825001,359
Tax %36%27%30%26%27%26%27%26%
Net Profit841071651892333583631,009
EPS in Rs70.4789.65138.47159.05195.66150.487.2620.18
Dividend Payout %0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%28%23%48%
Compounded Profit Growth%44%63%179%
Stock Price CAGR%%%%
Return on Equity%27%30%40%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital121212121212250250
Reserves5916998641,0541,2871,6451,7632,766
Borrowings7136827056245401,2551,3742,045
Other Liabilities7751,2331,3761,5142,3942,2703,6435,980
Total Liabilities2,0912,6262,9573,2034,2335,1827,03011,042
Fixed Assets121445479465516560643630
CWIP516183447411524
Investments111000114104
Other Assets1,9642,1652,4592,7043,6704,5816,25910,285
Total Assets2,0912,6262,9573,2034,2335,1827,03011,042
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity209153243317-20290-401
Cash from Investing Activity-31-30-36-67-112-215-63
Cash from Financing Activity-171-110-218-245137-46428
Net Cash Flow813-114529-36
Free Cash Flow179122206254-108170-465
CFO/OP101%42%75%75%14%61%-11%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days21211233
Inventory Days9010212912410299139159
Days Payable46466379
Cash Conversion Cycle87961261199798135153
Working Capital Days1620313627283237
ROCE %22%25%22%27%27%22%38%
Aug 2026
Promoters82.85%
FIIs2.61%
DIIs4.92%
Public9.62%
No. of Shareholders4,12,022

Fundamentals

Market Cap₹ 20,989 Cr.
Current Price₹ 375
Stock P/E22.0
Book Value₹
ROCE38.0 %
ROE40.2 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)48%
Compounded Profit Growth (TTM)179%
Standalone figures.
Valuation
Market capRs 21,708 Cr
Enterprise valueRs 22,888 Cr
P/E (TTM)60.59x
Price to book13.10x
Price to sales1.29x
EV / EBITDA31.79x
EV / EBIT35.30x
EV / sales1.36x
Earnings yield1.65%
Profitability
Operating margin (excl. other income)4.22%
Operating margin (incl. other income)4.29%
EBITDA margin4.29%
Pre-tax margin2.87%
Net profit margin2.13%
ROE24.24%
ROCE27.29%
ROA7.61%
ROE, 3-year average21.15%
ROCE, 3-year average26.19%
ROA, 3-year average6.67%
ROE, 5-year average20.09%
ROCE, 5-year average25.07%
ROA, 5-year average6.09%
ROIC (approx.)16.97%
Tax rate25.75%
Other income / net worth0.68%
Growth
Sales growth (latest year)25.45%
Profit growth (latest year)53.81%
Sales CAGR, 3 years32.32%
Sales CAGR, 5 years16.69%
Profit CAGR, 3 years29.53%
Profit CAGR, 5 years33.69%
Per share
EPS (TTM)Rs 6.40
EPS (latest year)Rs 150.48
EPS, 3-year averageRs 168.40
EPS, 5-year averageRs 146.66
Book value per shareRs 29.60
Sales per shareRs 299.91
Cash flow per shareRs -0.36
Free cash flow per shareRs -8.31
Efficiency
Asset turnover3.24x
Fixed asset turnover29.98x
Inventory turnover3.74x
Inventory days98 days
Debtor days2 days
Debtors turnover177.71x
Creditor days9 days
Cash conversion cycle153 days
Working capital days37 days
Leverage
Total debtRs 1,255 Cr
Cash and bankRs 75 Cr
Net debtRs 1,180 Cr
Debt to equity0.76x
Net debt / EBITDA1.64x
Interest coverage3.91x
Owners' fund to total sources31.97%
Debt to assets24.21%
Cash flow
Cash from Operating Activity (latest year)Rs -20 Cr
Cash from Investing Activity (latest year)Rs -112 Cr
Cash from Financing Activity (latest year)Rs 137 Cr
Net Cash Flow (latest year)Rs 5 Cr
Free cash flow (latest year)Rs -465 Cr
FCFE (approx.: FCF + change in debt)Rs 249 Cr
Cash from ops / profit, 5 years0.20x
Statement figures
Net sales (TTM)Rs 16,786 Cr
Net sales (latest year)Rs 16,786 Cr
Operating profit excl. other income (latest year)Rs 709 Cr
Other income (TTM)Rs 11 Cr
EBITDA (TTM)Rs 720 Cr
PBDT (TTM)Rs 554 Cr
Profit before tax (TTM)Rs 482 Cr
Tax (latest year)Rs 124 Cr
Net profit (TTM)Rs 358 Cr
Net profit (latest year)Rs 358 Cr
Depreciation (TTM)Rs 72 Cr
Interest (TTM)Rs 166 Cr
Cost of goods sold (latest year)Rs 15,714 Cr
Total expenditure (latest year)Rs 16,078 Cr
Total income (latest year)Rs 16,798 Cr
Share capitalRs 12 Cr
ReservesRs 1,645 Cr
Shareholders' fundsRs 1,657 Cr
Total assetsRs 5,182 Cr
Net blockRs 560 Cr
Capital work in progressRs 41 Cr
ReceivablesRs 94 Cr
InventoryRs 4,201 Cr
Other liabilitiesRs 2,270 Cr
Shares outstanding (crore)55.97
Ownership
Promoter holding82.85%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodLALITHAANifty 50Difference
1 week+4.7%-2.8% +7.5 pts
1 month+44.9%-6.8% +51.7 pts
13 mutual fund schemes hold about ₹523 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Bandhan Small Cap Fund0.49%169
ICICI Pru Small Cap Fund1.32%129
ICICI Pru Small Cap Fund1.32%126
Bandhan Innovation Fund0.87%23
Helios Mid Cap Fund0.73%16
Helios Small Cap Fund0.96%14
Bank of India Business Cycle Fund2.22%10
Bandhan Aggressive Hybrid Fund0.28%7
Samco Multi Cap Fund2.79%6
Samco Active Momentum Fund0.85%6
Bank of India Consumption Fund1.74%6
Samco Small Cap Fund3.26%6
Bank of India Large Cap Fund1.11%3

Red flags

F-score 4 of 7
lookOn NSE surveillance On NSE surveillance: ASM short-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

No quarterly results published.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Short Term Additional Surveillance Measure (Short Term ASM): stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03