Shringar House of Mangalsutra Ltd.

•

shringar.msBSE: 544512NSE: SHRINGARMS

Market Cap₹ 2,085 Cr.

Current Price

High / Low₹ 266 / 166

Stock P/E17.2

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	5035.00	77.60	447000.33	0.30	1777.00	62.88	21356.00	44.16	21.90	13.54
2.	KALYANKJIL	573.65	41.29	59243.76	0.44	348.67	32.03	10588.93	45.68	24.86	5.97
3.	THANGAMAYL	5311.75	42.22	16509.99	0.34	85.09	86.15	2666.38	71.44	26.62	5.43
4.	LALITHAA	267.65	14.84	14980.63	0.00	—	—	—	—	43.11	—
5.	BLUESTONE	813.50	220.64	12426.16	0.00	59.61	271.56	7368.46	1395.59	9.24	14.50
6.	SKYGOLD	777.90	35.96	12047.64	0.00	104.90	140.67	2012.79	77.93	23.71	7.79
7.	PCJEWELLER	10.31	12.98	10054.45	0.00	221.88	37.02	877.04	20.99	6.61	27.54
8.	AUGMONT	866.25	23.70	7915.23	0.00	—	—	—	—	70.86	—
9.	SENCO	352.85	10.13	5783.25	0.50	101.14	-3.35	3056.03	67.34	22.86	6.97
10.	GOLDIAM	342.30	24.44	5153.57	0.60	73.97	120.06	326.03	41.92	25.11	20.33
11.	VAIBHAVGBL	218.15	12.84	3656.58	2.75	563.83	1398.27	9170.73	1026.99	18.41	10.55
12.	SHRINGARMS	216.20	17.23	2084.86	0.00	34.00	19.26	548.49	64.90	31.85	8.92

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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	49
OPM %	9.33%	5.85%	5.00%	6.57%	12.39%	6.16%	6.10%	6.17%	8.92%
Other Income	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
	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	2	2	2	4	3	3	4	0
Equity Capital	9	9	72	72	72	96	96	96	96
Reserves	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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	31	39	51	93	—
OPM %	4	4	5	6	—
Other Income	1	1	1	0	6
Interest	3	6	6	8	7
Depreciation	1	2	3	3	4
	27	31	42	82	161
Tax %	26	26	26	25	25
Net Profit	20	23	31	61	121
EPS	3	3	35	8	—
Dividend Payout %	0	0	0	0	—
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	3	3	4	8	—

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

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-
Equity Capital	9	9	9	72
	73	97	128	129
	59	72	98	115
Trade Payables	7	3	9	43
	47	31	21	16
Total Liabilities	195	212	265	376
ASSETS	-	-	-	-
	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
Total Debt	93	89	107	121
Net Working Capital	69	74	90	155
Contingent Liabilities	0	0	0	0
Book Value per Share	92.78	119.13	154.23	27.84
Face Value	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-30	13	-15	-7
Cash from Investing	-36	-3	-1	-3
Cash from Financing	69	-9	12	9
	3	1	-4	-1
Free Cash Flow	-30	11	-15	-10
OCF / Net Profit	-1.46	0.55	-0.49	-0.12
Cumulative 5-Year FCF	0	0	0	0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	22.85	26.34	35.08	8.47
Book Value (₹)	92.78	119.13	154.23	27.84
Dividend per Share (₹)	0.00	0.00	0.00	0.00
Cash EPS (₹)	2.95	3.55	4.75	8.84
PROFITABILITY
Operating Margin %	3.79%	4.11%	4.51%	6.46%
Net Margin %	2.50%	2.46%	2.82%	4.27%
ROE %	24.63%	24.86%	25.67%	36.20%
ROCE %	17.17%	20.09%	22.04%	31.85%
	10.37%	11.48%	13.05%	19.08%
EFFICIENCY
Debtor Days	12	14	18	19
Inventory Days	50	41	41	47
Payable Days	3	2	2	7
	58	53	57	59
FINANCIAL HEALTH
Debt to Equity (x)	1.13x	0.84x	0.78x	0.60x
Interest Coverage (x)	10.80x	6.45x	7.82x	10.88x
	1.93x	1.88x	1.76x	1.91x
GROWTH
Revenue Growth %	0.00%	17.28%	15.92%	29.80%
Operating Profit Growth %	0.00%	26.98%	30.43%	82.08%
Net Profit Growth %	0.00%	15.26%	33.17%	96.48%
	0.00%	0.00%	33.17%	-75.85%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	2.20x	2.05x

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

2026-09-03

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".

2026-08-12

Monitoring Agency Report

2026-08-12 - As per attached PDF

2026-08-12

Investor Presentation

2026-08-12 - Shringar House of Mangalsutra Limited has informed the Exchange about Investor Presentation

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

5035.00

77.60

447000.33

0.30

1777.00

62.88

21356.00

44.16

21.90

13.54

KALYANKJIL

573.65

41.29

59243.76

0.44

348.67

32.03

10588.93

45.68

24.86

5.97

THANGAMAYL

5311.75

42.22

16509.99

0.34

85.09

86.15

2666.38

71.44

26.62

5.43

LALITHAA

267.65

14.84

14980.63

0.00

—

43.11

—

BLUESTONE

813.50

220.64

12426.16

0.00

59.61

271.56

7368.46

1395.59

9.24

14.50

SKYGOLD

777.90

35.96

12047.64

0.00

104.90

140.67

2012.79

77.93

23.71

7.79

PCJEWELLER

10.31

12.98

10054.45

0.00

221.88

37.02

877.04

20.99

6.61

27.54

AUGMONT

866.25

23.70

7915.23

0.00

—

70.86

—

SENCO

352.85

10.13

5783.25

0.50

101.14

-3.35

3056.03

67.34

22.86

6.97

GOLDIAM

342.30

24.44

5153.57

0.60

73.97

120.06

326.03

41.92

25.11

20.33

VAIBHAVGBL

218.15

12.84

3656.58

2.75

563.83

1398.27

9170.73

1026.99

18.41

10.55

SHRINGARMS

216.20

17.23

2084.86

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%

6.10%

6.17%

8.92%

Other Income

Interest

Depreciation

Tax %

25.24%

26.80%

23.45%

25.25%

25.48%

24.04%

24.73%

22.51%

27.56%

Net Profit

Equity Capital

Reserves

Promoter Pledge %

0.00%

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

—

OPM %

—

Other Income

Interest

Depreciation

161

Tax %

Net Profit

121

EPS

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

—

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

128

129

115

Trade Payables

Total Liabilities

195

212

265

376

ASSETS

111

104

144

228

Cash & Bank

Total Assets

195

212

265

376

Total Debt

107

121

Net Working Capital

155

Contingent Liabilities

Book Value per Share

92.78

119.13

154.23

27.84

Face Value

10.00

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-30

-15

-7

Cash from Investing

-36

-3

-1

-3

Cash from Financing

-9

-4

-1

Free Cash Flow

-30

-15

-10

OCF / Net Profit

-1.46

0.55

-0.49

-0.12

Cumulative 5-Year FCF

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

22.85

26.34

35.08

8.47

Book Value (₹)

92.78

119.13

154.23

27.84

Dividend per Share (₹)

0.00

Cash EPS (₹)

2.95

3.55

4.75

8.84

PROFITABILITY

Operating Margin %

3.79%

4.11%

4.51%

6.46%

Net Margin %

2.50%

2.46%

2.82%

4.27%

ROE %

24.63%

24.86%

25.67%

36.20%

ROCE %

17.17%

20.09%

22.04%

31.85%

10.37%

11.48%

13.05%

19.08%

EFFICIENCY

Debtor Days

Inventory Days

Payable Days

FINANCIAL HEALTH

Debt to Equity (x)

1.13x

0.84x

0.78x

0.60x

Interest Coverage (x)

10.80x

6.45x

7.82x

10.88x

1.93x

1.88x

1.76x

1.91x

GROWTH

Revenue Growth %

0.00%

17.28%

15.92%

29.80%

Operating Profit Growth %

0.00%

26.98%

30.43%

82.08%

Net Profit Growth %

0.00%

15.26%

33.17%

96.48%

0.00%

33.17%

-75.85%

VALUATION

P/E (x)

0.00x

P/B (x)

0.00x

Dividend Yield %

0.00%

0.00x

2.20x

2.05x

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