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 | 8.46 | 20.70 | 23.71 | 37.99 | 35.74 | 41.86 | 26.72 | 41.64 | 23.98 | 31.11 | 22.38 | 40.27 |
| Expenses | 7.23 | 19.14 | 22.84 | 36.94 | 34.73 | 40.63 | 25.17 | 40.93 | 22.04 | 30.30 | 18.25 | 41.76 |
| Operating Profit | 1.23 | 1.56 | 0.87 | 1.05 | 1.01 | 1.23 | 1.55 | 0.71 | 1.94 | 0.81 | 4.13 | -1.49 |
| OPM % | 14.54% | 7.54% | 3.67% | 2.76% | 2.83% | 2.94% | 5.80% | 1.71% | 8.09% | 2.60% | 18.45% | -3.70% |
| Other Income | 0.05 | 0.00 | 0.00 | 0.00 | 0.05 | 0.33 | 0.37 | 0.36 | 0.00 | 0.00 | 0.02 | -0.01 |
| Interest | 0.34 | 0.24 | 0.25 | 0.50 | 0.40 | 0.70 | 0.55 | 0.55 | 0.59 | 0.65 | 0.55 | 0.46 |
| Depreciation | 0.07 | 0.07 | 0.06 | 0.06 | 0.06 | 0.08 | 0.09 | 0.11 | 0.08 | 0.07 | 0.07 | 0.06 |
| Profit before tax | 0.87 | 1.25 | 0.56 | 0.49 | 0.60 | 0.78 | 1.28 | 0.41 | 1.27 | 0.09 | 3.53 | -2.02 |
| Tax % | 25.29% | 24.80% | 26.79% | 22.45% | 26.67% | 26.92% | 27.34% | 29.27% | 26.77% | 133.33% | 25.50% | -22.28% |
| Net Profit | 0.65 | 0.95 | 0.41 | 0.37 | 0.44 | 0.57 | 0.93 | 0.29 | 0.93 | -0.02 | 2.63 | -1.57 |
| EPS in Rs | 0.78 | 1.14 | 0.49 | 0.45 | 0.50 | 0.65 | 0.88 | 0.27 | 0.88 | -0.02 | 2.48 | -1.48 |
| Mar 2019 11m | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 51.23 | 53.09 | 29.12 | 61.49 | 77.26 | 68.07 | 54.90 | 61.16 |
| Expenses | 48.80 | 50.62 | 26.33 | 59.46 | 74.88 | 65.69 | 52.02 | 58.40 |
| Operating Profit | 2.43 | 2.47 | 2.79 | 2.03 | 2.38 | 2.38 | 2.88 | 2.76 |
| OPM % | 4.74% | 4.65% | 9.58% | 3.30% | 3.08% | 3.50% | 5.25% | 4.51% |
| Other Income | 0.01 | 0.00 | 0.05 | 0.00 | 0.38 | 0.69 | 0.00 | 0.01 |
| Interest | 0.75 | 0.73 | 0.58 | 0.86 | 1.23 | 1.19 | 1.36 | 1.13 |
| Depreciation | 0.33 | 0.14 | 0.15 | 0.12 | 0.14 | 0.20 | 0.15 | 0.13 |
| Profit before tax | 1.36 | 1.60 | 2.11 | 1.05 | 1.39 | 1.68 | 1.37 | 1.51 |
| Tax % | 25.74% | 24.38% | 24.17% | 24.76% | 26.62% | 27.38% | 32.85% | 29.80% |
| Net Profit | 1.00 | 1.21 | 1.59 | 0.78 | 1.02 | 1.22 | 0.90 | 1.06 |
| EPS in Rs | 1.20 | 1.46 | 1.91 | 0.94 | 1.16 | 1.15 | 0.85 | 1.00 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 16% | -7% | 11% | ||
| Compounded Profit Growth | % | -8% | 1% | 18% | ||
| Stock Price CAGR | % | 9% | -40% | 18% | ||
| Return on Equity | % | 5% | 5% | 5% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8.30 | 8.30 | 8.30 | 8.30 | 8.80 | 10.60 | 10.60 | 10.60 |
| Reserves | 4.33 | 5.54 | 7.13 | 8.72 | 9.76 | 11.07 | 11.97 | 13.03 |
| Borrowings | 7.70 | 7.10 | 5.01 | 6.55 | 11.53 | 10.55 | 13.59 | 13.36 |
| Other Liabilities | 4.13 | 1.82 | 4.27 | 2.93 | 4.20 | 3.66 | 5.52 | 15.58 |
| Total Liabilities | 24.46 | 22.76 | 24.71 | 26.50 | 34.29 | 35.88 | 41.68 | 52.57 |
| Fixed Assets | 1.99 | 2.04 | 1.89 | 1.79 | 1.94 | 1.92 | 1.84 | 1.73 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 22.47 | 20.72 | 22.82 | 24.71 | 32.35 | 33.96 | 39.84 | 50.84 |
| Total Assets | 24.46 | 22.76 | 24.71 | 26.50 | 34.29 | 35.88 | 41.68 | 52.57 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -14.72 | 1.05 | 2.35 | -1.89 | 1.23 | -0.47 | -1.70 | 0.80 |
| Cash from Investing Activity | -2.32 | -0.19 | -0.01 | -0.02 | 0.09 | 0.50 | -0.07 | -0.03 |
| Cash from Financing Activity | 17.62 | -1.00 | -2.59 | 1.86 | -1.16 | -0.18 | 1.87 | -0.95 |
| Net Cash Flow | 0.57 | -0.14 | -0.25 | -0.05 | 0.16 | -0.14 | 0.10 | -0.18 |
| Free Cash Flow | -17.04 | 0.86 | 2.34 | -1.91 | 0.94 | -0.70 | -1.77 | 0.77 |
| CFO/OP | -592% | 60% | 103% | -78% | 65% | -4% | -48% | 37% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 11.76 | 8.80 | 15.79 | 12.82 | 6.66 | 9.12 | 7.58 | 13.49 |
| Inventory Days | 154.36 | 145.68 | 329.99 | 136.97 | 124.92 | 186.58 | 288.91 | 316.24 |
| Days Payable | 23.77 | 4.41 | 33.27 | 5.19 | 7.40 | 7.14 | 9.26 | 30.07 |
| Cash Conversion Cycle | 142.34 | 150.07 | 312.51 | 144.60 | 124.18 | 188.55 | 287.22 | 299.66 |
| Working Capital Days | 82.79 | 87.45 | 168.84 | 101.74 | 90.19 | 118.45 | 153.98 | 140.43 |
| ROCE % | 11.29% | 13.00% | 8.68% | 9.77% | 9.34% | 7.98% | 7.22% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 64.95% | 64.95% | 64.95% | 60.21% | 60.21% | 58.87% | 56.29% | 56.29% | 56.20% | 63.64% | 63.62% | 57.31% |
| Public | 35.05% | 35.05% | 35.05% | 39.79% | 39.79% | 41.13% | 43.71% | 43.71% | 43.80% | 36.36% | 36.38% | 42.69% |
| No. of Shareholders | 556 | 587 | 595 | 693 | 810 | 929 | 907 | 919 | 910 | 798 | 782 | 769 |
Fundamentals
Market Cap₹ 19.2 Cr.
Current Price₹ 18.2
Stock P/E18.2
Book Value₹ 22.3
ROCE7.22 %
ROE4.59 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)18%
Standalone figures.
Valuation
Market capRs 18 Cr
Enterprise valueRs 29 Cr
P/E (TTM)14.99x
Price to book0.84x
Price to sales0.27x
EV / EBITDA9.35x
EV / EBIT10.00x
EV / sales0.42x
Earnings yield6.67%
P/E, 3-year average40.62x
P/B, 3-year average2.22x
P/E, 5-year average29.25x
P/B, 5-year average1.78x
Profitability
Operating margin (excl. other income)3.50%
Operating margin (incl. other income)4.51%
EBITDA margin4.51%
Pre-tax margin2.47%
Net profit margin1.79%
ROE6.07%
ROCE9.21%
ROA3.48%
ROE, 3-year average5.54%
ROCE, 3-year average9.22%
ROA, 3-year average3.29%
ROE, 5-year average7.32%
ROCE, 5-year average10.39%
ROA, 5-year average4.34%
ROIC (approx.)6.50%
Tax rate27.38%
Other income / net worth3.18%
Growth
Sales growth (latest year)-11.89%
Profit growth (latest year)19.61%
Sales CAGR, 3 years32.72%
Sales CAGR, 5 years5.85%
Profit CAGR, 3 years-8.45%
Profit CAGR, 5 years4.06%
Per share
EPS (TTM)Rs 1.15
EPS (latest year)Rs 1.15
EPS, 3-year averageRs 1.08
EPS, 5-year averageRs 1.32
Book value per shareRs 20.44
Sales per shareRs 64.19
Cash flow per shareRs -0.44
Free cash flow per shareRs 0.73
Efficiency
Asset turnover1.90x
Fixed asset turnover35.45x
Inventory turnover2.03x
Inventory days180 days
Debtor days9 days
Debtors turnover40.04x
Creditor days30 days
Cash conversion cycle300 days
Working capital days140 days
Leverage
Total debtRs 11 Cr
Cash and bankRs 0 Cr
Net debtRs 10 Cr
Debt to equity0.49x
Net debt / EBITDA3.39x
Interest coverage2.41x
Owners' fund to total sources60.40%
Debt to assets29.40%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 1 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Cash from ops / profit, 5 years-0.41x
Statement figures
Net sales (TTM)Rs 68 Cr
Net sales (latest year)Rs 68 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 64 Cr
Total expenditure (latest year)Rs 66 Cr
Total income (latest year)Rs 69 Cr
Share capitalRs 11 Cr
ReservesRs 11 Cr
Shareholders' fundsRs 22 Cr
Total assetsRs 36 Cr
Net blockRs 2 Cr
ReceivablesRs 2 Cr
InventoryRs 31 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)1.06
Ownership
Promoter holding57.31% (+1.02 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 15.0 is at the 11th percentile of its own 5.4-year range
(median 30.6, low 12.7, high 85.0).
P/B 0.84 is at the 2th percentile (median 1.73).
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 | SHUBHLAXMI | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -10.2% | -2.8% | -7.4 pts |
| 1 month | -9.0% | -6.8% | -2.2 pts |
| 3 months | -13.5% | -7.6% | -5.9 pts |
| 6 months | -50.1% | +0.4% | -50.5 pts |
| 1 year | +2.7% | -9.9% | +12.6 pts |
| 2 years | -78.1% | -13.6% | -64.5 pts |
| 3 years | -80.1% | +14.2% | -94.3 pts |
| 5 years | +36.9% | +27.9% | +9.0 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -37% of net profit over the last 3 years |
| explain | Share dilution Share count up 20% in a year, 28% in three |
| look | Inventory outrunning sales Inventory grew 29% vs sales -12% in 2026 |
| look | Profit leans on other income Other income was 41% of pre-tax profit in 2026 |
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 ₹40 Cr -3.3% vs Mar 2024.
Net loss ₹2 Cr.
Against our estimate for Mar 2026: sales +54.1%, profit -362.6% big miss.
Activity
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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.
High low price variation greater than 150perc in previous 12 monthsLess than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded
Quick answers
What is the market cap of Shubhlaxmi Jewel Art Ltd?
Shubhlaxmi Jewel Art Ltd (SHUBHLAXMI) has a market capitalisation of Rs 19.2 Cr. at the 2026-10-01 close.
What is the P/E ratio of Shubhlaxmi Jewel Art Ltd?
Shubhlaxmi Jewel Art Ltd trades at a P/E of 18.2 on trailing twelve-month profit, at the 2026-10-01 close.
What were Shubhlaxmi Jewel Art Ltd's latest quarterly results?
In the Mar 2026 quarter, Shubhlaxmi Jewel Art Ltd sales was Rs 40 Cr (-3.3% vs Mar 2024) with a net loss of Rs 2 Cr.
What is the 52-week high and low of Shubhlaxmi Jewel Art Ltd?
The 52-week high is Rs 40.00 and the 52-week low is Rs 13.75.