Shringar House of Mangalsutra Ltd.

•

shringar.msBSE: 544512NSE: SHRINGARMS

Market Cap₹ 2,091 Cr.

Current Price

High / Low₹ 266 / 166

Stock P/E17.3

Book Value₹ 74

Price to Book2.94

Dividend Yield0.00 %

ROCE31.8 %

ROE36.2 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 28.9%
Company has a healthy return on capital (ROCE) of 24.7%
Company comfortably covers its interest (10.9x coverage)
Attractively priced for its growth - PEG of 0.4
Company converts assets efficiently - asset turnover of 4.5x

CONS

Operating cash flow has been negative in recent years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.08x)
Receivables are growing faster than sales - a possible quality concern
Equity base is being diluted - shares outstanding up 713.5%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesDiamond & JewelleryDiamond & Jewellery

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TITAN	5005.00	77.14	444336.97	0.30	1777.00	62.88	21356.00	44.16	21.90	13.54
2.	KALYANKJIL	600.65	43.23	62032.19	0.42	348.67	32.03	10588.93	45.68	24.86	5.97
3.	LALITHAA	338.50	18.76	18946.18	0.00	2082.17	—	60312.32	—	43.11	6.18
4.	THANGAMAYL	5135.45	40.82	15962.02	0.35	85.09	86.15	2666.38	71.44	26.62	5.43
5.	BLUESTONE	890.30	241.52	13601.89	0.00	59.61	271.56	7368.46	1395.59	9.24	14.50
6.	PCJEWELLER	13.70	17.25	13360.42	0.00	221.88	37.02	877.04	20.99	9.68	27.54
7.	SKYGOLD	827.45	38.25	12815.04	0.00	104.90	140.67	2012.79	77.93	27.61	7.79
8.	AUGMONT	886.85	24.27	8103.46	0.00	—	—	—	—	70.86	—
9.	SENCO	346.45	9.95	5678.35	0.51	101.14	-3.35	3056.03	67.34	22.86	6.97
10.	GOLDIAM	324.65	23.18	4887.84	0.64	73.97	120.06	326.03	41.92	24.85	20.33
11.	VAIBHAVGBL	212.80	12.53	3570.14	2.82	563.83	1398.27	9170.73	1026.99	18.41	10.55
12.	SHRINGARMS	216.80	17.28	2090.65	0.00	34.00	19.26	548.49	64.90	31.85	8.92

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	271	416	391	351	333	529	659	726	548
	246	392	372	328	291	496	619	681	503
Operating Profit	25	24	20	23	41	33	40	45	46
OPM %	9.33%	5.85%	5.00%	6.57%	12.39%	6.16%	6.11%	6.17%	8.31%
	0	0	0	0	0	1	2	2	1
Interest	2	2	2	2	2	2	1	2	2
Depreciation	1	1	1	1	1	1	1	1	1
Profit before Tax	23	22	17	20	38	30	40	44	47
Tax %	25.24%	26.80%	23.45%	25.25%	25.48%	24.04%	24.73%	22.51%	27.56%
Net Profit	17	16	13	15	29	23	30	34	34
	2.40	2.26	1.80	2.11	3.95	2.99	3.13	3.53	3.59

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	810	950	1,102	1,430	2,462
	780	912	1,052	1,337	2,299
Operating Profit	30	38	50	92	163
OPM %	3.72%	3.99%	4.51%	6.46%	6.63%
	1	1	1	0	6
Interest	3	6	6	8	7
Depreciation	1	2	3	3	4
Profit before Tax	27	31	42	82	161
Tax %	25.83%	25.69%	26.22%	25.28%	24.82%
Net Profit	20	23	31	61	121
EPS	2.86	3.29	35.08	8.47	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 21%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 44%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 29%
Last Year:: 36%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	9	9	9	72
	73	97	128	129
	97	92	106	119
Trade Payables	7	3	9	43
	9	11	13	13
Total Liabilities	195	212	265	376
	20	20	18	19
	111	104	144	228
	0	0	60	88
Cash & Bank	5	6	4	3
	60	81	38	38
Total Assets	195	212	265	376

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-26	21	-15	-7
Cash from Investing	-36	-3	-1	-3
Cash from Financing	69	-9	12	9
	3	1	-4	-1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.80	74.80	74.80	74.80
	3.95	3.36	5.77	2.92
	2.86	1.38	1.36	2.55
Government	0.00	0.00	0.00	0.00
	18.40	20.46	18.06	19.71

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-04

Copy of Newspaper Publication

2026-09-04 - Shringar House of Mangalsutra Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-03

General Updates

2026-09-03 - Shringar House of Mangalsutra Limited has informed the Exchange about Letter to shareholders in relation to Integrated Annual Report of the Company for the financial year 2025-26 (Weblink)

2026-09-03

Shareholders meeting

2026-09-03 - Shringar House of Mangalsutra Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026

2026-08-27

Copy of Newspaper Publication

2026-08-27 - Shringar House of Mangalsutra Limited has informed the Exchange about Copy of Newspaper Publication for convening 17th Annual General Meeting of the Members of the Company for the FY 2025-26.

2026-08-27

General Updates

2026-08-27 - Shringar House of Mangalsutra Limited has informed the Exchange regarding the convening of the 17th Annual General Meeting of the Members of the Company for the Financial Year 2025-26.

2026-08-18

Cessation

2026-08-18 - Shringar House of Mangalsutra Limited has informed the Exchange regarding Cessation of Mr Hitesh Khandelwal as Other of the company w.e.f. August 17, 2026.

2026-08-18

Resignation of Director/KMP/SMP

2026-08-18 - Shringar House of Mangalsutra Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Shringar House of Mangalsutra Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-12

Press Release

2026-08-12 - Shringar House of Mangalsutra Limited has informed the Exchange regarding a press release dated August 12, 2026, titled "Press Release in respect of Un-audited Financial Results for the quarter ended June 30, 2026".

News

Recent coverage and analyst commentary for SHRINGARMS

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Shringar House of Mangalsutra Ltd.

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Free 5nance Account

Name

TITAN

5005.00

77.14

444336.97

0.30

1777.00

62.88

21356.00

44.16

21.90

13.54

KALYANKJIL

600.65

43.23

62032.19

0.42

348.67

32.03

10588.93

45.68

24.86

5.97

LALITHAA

338.50

18.76

18946.18

0.00

2082.17

—

60312.32

—

43.11

6.18

THANGAMAYL

5135.45

40.82

15962.02

0.35

85.09

86.15

2666.38

71.44

26.62

5.43

BLUESTONE

890.30

241.52

13601.89

0.00

59.61

271.56

7368.46

1395.59

9.24

14.50

PCJEWELLER

13.70

17.25

13360.42

0.00

221.88

37.02

877.04

20.99

9.68

27.54

SKYGOLD

827.45

38.25

12815.04

0.00

104.90

140.67

2012.79

77.93

27.61

7.79

AUGMONT

886.85

24.27

8103.46

0.00

—

70.86

—

SENCO

346.45

9.95

5678.35

0.51

101.14

-3.35

3056.03

67.34

22.86

6.97

GOLDIAM

324.65

23.18

4887.84

0.64

73.97

120.06

326.03

41.92

24.85

20.33

VAIBHAVGBL

212.80

12.53

3570.14

2.82

563.83

1398.27

9170.73

1026.99

18.41

10.55

SHRINGARMS

216.80

17.28

2090.65

0.00

34.00

19.26

548.49

64.90

31.85

8.92

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

271

416

391

351

333

529

659

726

548

246

392

372

328

291

496

619

681

503

Operating Profit

OPM %

9.33%

5.85%

5.00%

6.57%

12.39%

6.16%

6.11%

6.17%

8.31%

Interest

Depreciation

Profit before Tax

Tax %

25.24%

26.80%

23.45%

25.25%

25.48%

24.04%

24.73%

22.51%

27.56%

Net Profit

2.40

2.26

1.80

2.11

3.95

2.99

3.13

3.53

3.59

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

810

950

1,102

1,430

2,462

780

912

1,052

1,337

2,299

Operating Profit

163

OPM %

3.72%

3.99%

4.51%

6.46%

6.63%

Interest

Depreciation

Profit before Tax

161

Tax %

25.83%

25.69%

26.22%

25.28%

24.82%

Net Profit

121

EPS

2.86

3.29

35.08

8.47

—

Dividend Payout %

0.00%

—

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

128

129

106

119

Trade Payables

Total Liabilities

195

212

265

376

111

104

144

228

Cash & Bank

Total Assets

195

212

265

376

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-26

-15

-7

Cash from Investing

-36

-3

-1

-3

Cash from Financing

-9

-4

-1

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.80

3.95

3.36

5.77

2.92

2.86

1.38

1.36

2.55

Government

0.00

18.40

20.46

18.06

19.71

Shringar House of Mangalsutra Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Shringar House of Mangalsutra Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI