MarketFriction

Shringar House of Mangalsutra Ltd

NSE SHRINGARMS · BSE 544512 · Gems, Jewellery And Watches
₹221.31 -1.46%
NSE close2026-10-01
52 week range166.00 - 266.50
Market cap₹2,082 Cr.
P/E17.2
IPO 2025 · +34% since Price band 20% Delivery 26.0%

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 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales271416391351333529659726548
Expenses246392372328291496619681500
Operating Profit252420234133404549
OPM %9%6%5%7%12%6%6%6%9%
Other Income000001221
Interest222222122
Depreciation111111111
Profit before tax232217203830404447
Tax %25%27%23%25%25%24%25%23%28%
Net Profit171613152923303434
EPS in Rs19.1718.091.782.113.952.373.123.533.53
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5108109501,1021,4302,2462,462
Expenses4907809121,0521,3372,0872,295
Operating Profit2130385092159166
OPM %4.0%3.7%4.0%4.5%6%7%7%
Other Income0111056
Interest2366887
Depreciation1123344
Profit before tax1827314282152161
Tax %27%26%26%26%25%24%
Net Profit1320233161115121
EPS in Rs832.4022.8626.3535.098.4711.9812.55
Dividend Payout %0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%34%33%65%
Compounded Profit Growth%54%70%67%
Stock Price CAGR%%%18%
Return on Equity%28%28%26%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.259997296
Reserves537397128129581
Borrowings239893110123189
Other Liabilities261513185225
Total Liabilities102195212265376892
Fixed Assets155152505065
CWIP000000
Investments000000
Other Assets88145160215326827
Total Assets102195212265376892
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-5-3013-14-6-282
Cash from Investing Activity0-36-3-2-3-103
Cash from Financing Activity469-9128410
Net Cash Flow-131-4-125
Free Cash Flow-5-6610-15-9-290
CFO/OP-23%-86%55%4%11%-155%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days141218202238
Inventory Days475443516480
Days Payable14313122
Cash Conversion Cycle4762606874116
Working Capital Days432926293979
ROCE %24%20%22%32%27%
Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.80%74.80%74.80%74.80%
FIIs3.95%3.36%5.77%2.92%
DIIs3.80%1.69%1.53%2.72%
Public17.44%20.14%17.88%19.53%
No. of Shareholders40,85327,40326,67926,966

Fundamentals

Market Cap₹ 2,082 Cr.
Current Price₹ 216
Stock P/E17.2
Book Value₹ 70.3
ROCE26.8 %
ROE26.3 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)65%
Compounded Profit Growth (TTM)67%
Standalone figures.
Valuation
Market capRs 2,134 Cr
Enterprise valueRs 2,226 Cr
P/E (TTM)18.47x
Price to book25.91x
Price to sales0.95x
EV / EBITDA13.63x
EV / EBIT13.93x
EV / sales0.99x
Earnings yield5.41%
Profitability
Operating margin (excl. other income)3.72%
Operating margin (incl. other income)3.79%
EBITDA margin7.27%
Pre-tax margin6.78%
Net profit margin5.14%
Net margin, latest quarter4.69%
ROE29.86%
ROCE23.50%
ROA13.61%
ROIC (approx.)67.73%
Tax rate25.84%
Other income / net worth0.74%
Growth
Sales growth (latest year)58.73%
Profit growth (latest year)52.29%
Sales growth QoQ10.12%
Profit growth QoQ12.88%
Sales growth YoY (latest quarter)106.50%
Profit growth YoY (latest quarter)123.46%
Per share
EPS (TTM)Rs 11.98
EPS (latest year)Rs 22.48
EPS (latest quarter)Rs 3.53
Book value per shareRs 8.54
Sales per shareRs 232.96
Cash flow per shareRs -3.06
Free cash flow per shareRs -30.08
Efficiency
Asset turnover4.14x
Fixed asset turnover15.97x
Inventory turnover6.97x
Inventory days52 days
Debtor days12 days
Debtors turnover31.55x
Creditor days2 days
Cash conversion cycle116 days
Working capital days79 days
Leverage
Total debtRs 98 Cr
Cash and bankRs 5 Cr
Net debtRs 93 Cr
Debt to equity1.19x
Net debt / EBITDA0.57x
Interest coverage21.27x
Current ratio (filing 2026-03-31)4.00x
Quick ratio (filing 2026-03-31)1.85x
Trade payables (filing 2026-03-31)Rs 9 Cr
Owners' fund to total sources42.13%
Debt to assets50.03%
Cash flow
Cash from Operating Activity (latest year)Rs -30 Cr
Cash from Investing Activity (latest year)Rs -36 Cr
Cash from Financing Activity (latest year)Rs 69 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs -290 Cr
FCFE (approx.: FCF + change in debt)Rs -215 Cr
Cash from ops / profit, 5 years-1.28x
Statement figures
Net sales (TTM)Rs 2,246 Cr
Net sales (latest year)Rs 810 Cr
Sales (latest quarter)Rs 726 Cr
Operating profit excl. other income (latest year)Rs 30 Cr
Operating profit (latest quarter)Rs 45 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 163 Cr
PBDT (TTM)Rs 156 Cr
Profit before tax (TTM)Rs 152 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 116 Cr
Net profit (latest year)Rs 20 Cr
Net profit (latest quarter)Rs 34 Cr
Depreciation (TTM)Rs 4 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 8 Cr
Cost of goods sold (latest year)Rs 773 Cr
Total expenditure (latest year)Rs 780 Cr
Total income (latest year)Rs 811 Cr
Share capitalRs 9 Cr
ReservesRs 73 Cr
Shareholders' fundsRs 82 Cr
Total assetsRs 195 Cr
Net blockRs 51 Cr
ReceivablesRs 26 Cr
InventoryRs 111 Cr
Other liabilitiesRs 15 Cr
Shares outstanding (crore)9.64
Ownership
Promoter holding74.80%
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).
PeriodSHRINGARMSNifty 50Difference
1 week+5.3%-2.8% +8.0 pts
1 month+2.5%-6.8% +9.3 pts
3 months-4.3%-7.6% +3.3 pts
6 months+32.6%+0.4% +32.2 pts
1 year+17.4%-9.9% +27.4 pts

Red flags

F-score 1 of 8
explainWeak cash conversion Cash from operations was -102% of net profit over the last 2 years
explainHigh accruals Profit exceeded operating cash by 25% of total assets in 2026
lookShare dilution Share count up 4350% in a year
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

Jun 2026
Sales ₹548 Cr +64.6% vs Jun 2025. Net profit ₹34 Cr +17.2%.
Against our estimate for Jun 2026: sales +2.9%, profit +38.2% big beat. Our estimate for Sep 2026: sales Rs 846 Cr, profit Rs 39 Cr (how).

Activity

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No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-09-29Shareholder meetingVoting results.
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-03General UpdatesLetter to shareholders in relation to Integrated Annual Report of the Company for the financial year 2025-26 (Weblink)
2026-09-03Shareholder meetingNotice of Annual General Meeting to be held on September 28, 2026
2026-08-27General UpdatesThe convening of the 17th Annual General Meeting of the Members of the Company for the Financial Year 2025-26.
2026-08-18CessationCessation of Mr Hitesh Khandelwal as Other of the company w.e.f. August 17, 2026.
2026-08-18ResignationResignation of Director/KMP/SMP
2026-08-12Press ReleaseA press release dated August 12, 2026, titled "Press Release in respect of Un-audited Financial Results for the quarter ended June 30, 2026".
2026-08-12Monitoring Agency ReportAs per attached PDF
2026-08-12Investor PresentationInvestor Presentation
2026-08-12Board meeting outcomeShringar House of Mangalsutra Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-26ResignationResignation of Director/KMP/SMP
2026-06-26ResignationResignation of Director/KMP/SMP
2026-06-26CessationCessation of Mr Hitesh Khandelwal as Other of the company w.e.f. August 17, 2026.
2026-06-19Board meeting outcomeOutcome of Board Meeting held on Jun 19, 2026.
2026-06-19Change in ManagementChange in Management- Appointment of Internal Auditor
2026-06-19Concall / analyst meetSchedule of meet
2026-06-17Disclosure under SEBI TakeovShringar House of Mangalsutra Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board o...
2026-06-11CessationCessation of Mr Jay Satikuvar as Other of the company w.e.f. Jun 11, 2026.
2026-06-11ResignationResignation of Director/KMP/SMP
2026-06-09Concall / analyst meetSchedule of meet
2026-05-30Concall / analyst meetTranscript
2026-05-27Concall / analyst meetLink of Recording
2026-05-26Investor PresentationInvestor Presentation
2026-05-26Press ReleaseA press release dated May 26, 2026, titled "Press Release in respect of Audited Financial Results for the quarter and year ended March 31, 2026".
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.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Shringar House of Mangalsutra Ltd?

Shringar House of Mangalsutra Ltd (SHRINGARMS) has a market capitalisation of Rs 2,082 Cr. at the 2026-10-01 close.

What is the P/E ratio of Shringar House of Mangalsutra Ltd?

Shringar House of Mangalsutra Ltd trades at a P/E of 17.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Shringar House of Mangalsutra Ltd's latest quarterly results?

In the Jun 2026 quarter, Shringar House of Mangalsutra Ltd sales was Rs 548 Cr (+64.6% vs Jun 2025) and net profit was Rs 34 Cr.

What is the 52-week high and low of Shringar House of Mangalsutra Ltd?

The 52-week high is Rs 266.50 and the 52-week low is Rs 166.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03