Divine Hira Jewellers Ltd.

•

₹ 111.9-0.04%

2026-08-21

divinehirajewellers.comBSE: -NSE: DIVINEHIRA

Market Cap₹ 437 Cr.

Current Price₹ 111

High / Low₹ 126 / 27

Stock P/E0.0

Book Value₹ 20

Price to Book6.64

Dividend Yield0.00 %

ROCE16.2 %

ROE15.2 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Working capital cycle has improved - days down from 44 to 21
Company comfortably covers its interest (7.3x coverage)
Company maintains a comfortable, low leverage position
Company converts assets efficiently - asset turnover of 12.0x

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -2.29x)
Stock is trading at 6.6x its book value
Though reporting repeated profits, the company pays out little dividend (0.0%)

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

Peer comparison

EDIT COLUMNS

Oil Gas & Consumable FuelsTradingTrading

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ADANIENT	2979.00	54.17	403273.96	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	AEGISLOG	1363.65	38.25	47864.12	0.64	544.84	210.70	2356.86	37.07	19.76	30.28
3.	PREMIERENE	1008.00	27.48	45758.31	0.10	471.92	53.32	2462.59	35.25	41.97	29.03
4.	CPPLUS	3307.45	81.98	39127.28	0.05	142.20	332.51	1402.42	89.51	29.48	14.52
5.	REDINGTON	334.90	15.39	26181.63	1.79	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	476.90	62.48	15548.09	0.63	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	78.59	106.84	11997.17	0.19	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	805.80	81.69	10155.92	0.00	455.80	1310.71	13085.70	1044.08	11.45	4.49
9.	MMTC	62.10	20.82	9315.00	0.00	104.24	135.52	0.68	-50.00	6.90	-1423.53
10.	CELLO	358.45	25.31	7917.62	0.42	73.40	-8.99	526.72	-0.43	17.15	18.80
11.	EBGNG	588.80	47.13	6713.00	0.00	289.30	1462.10	4124.61	1220.81	20.14	11.97
12.	DIVINEHIRA	111.60	0.00	436.82	0.00	9.37	—	1953.97	—	16.15	0.92

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2025	Jun 2026
	240	1,954
	236	1,942
Operating Profit	—	—
OPM %	—	—
Other Income	0	0
Interest	0	4
Depreciation	0	1
	4	13
Tax %	25.12%	25.22%
Net Profit	3	9
	0	1
Equity Capital	13	130
Reserves	0	0
Promoter Pledge %	0.00%	0.00%
Equity Capital	13	130
Reserves	0	0
Promoter Pledge %	0.00%	0.00%

Jun 2025

: 240
: 236
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 4
Tax %: 25.12%
Net Profit: 3
: 0
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 1,954
: 1,942
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 4
Depreciation: 1
: 13
Tax %: 25.22%
Net Profit: 9
: 1
Equity Capital: 130
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 130
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	125	183	359	884
	123	180	350	873
Operating Profit	2	3	9	11
OPM %	1	2	3	1
Other Income	0	0	0	0
Interest	1	1	2	2
Depreciation	0	0	0	0
	1	2	7	10
Tax %	25	25	25	25
Net Profit	1	1	6	7
EPS	1	2	4	5
Dividend Payout %	0	0	0	0
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	0	1	1	2
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	0	1	1	2

Mar 2023

: 125
: 123
Operating Profit: 2
OPM %: 1
Other Income: 0
Interest: 1
Depreciation: 0
: 1
Tax %: 25
Net Profit: 1
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2024

: 183
: 180
Operating Profit: 3
OPM %: 2
Other Income: 0
Interest: 1
Depreciation: 0
: 2
Tax %: 25
Net Profit: 1
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2025

: 359
: 350
Operating Profit: 9
OPM %: 3
Other Income: 0
Interest: 2
Depreciation: 0
: 7
Tax %: 25
Net Profit: 6
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2026

: 884
: 873
Operating Profit: 11
OPM %: 1
Other Income: 0
Interest: 2
Depreciation: 0
: 10
Tax %: 25
Net Profit: 7
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 92%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 110%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 17%
Last Year:: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-
Equity Capital	7	7	13	13
	1	2	30	38
	14	19	19	23
Trade Payables	0	0	0	6
	1	1	3	3
Total Liabilities	23	29	65	82
ASSETS	-	-	-	-
	0	0	1	1
	10	11	23	12
	0	15	10	66
Cash & Bank	1	2	29	0
	13	1	3	3
Total Assets	23	29	65	82
Total Debt	14	19	19	23
Net Working Capital	8	10	43	50
Contingent Liabilities	0	0	0	0
Book Value per Share	11.37	13.40	33.28	38.74
Face Value	10.00	10.00	10.00	10.00
Total Debt	14	19	19	23
Net Working Capital	8	10	43	50
Contingent Liabilities	0	0	0	0
Book Value per Share	11.37	13.40	33.28	38.74
Face Value	10.00	10.00	10.00	10.00

Mar 2023

Equity Capital: 7
: 1
: 14
Trade Payables: 0
: 1
Total Liabilities: 23
: 0
: 10
: 0
Cash & Bank: 1
: 13
Total Assets: 23
Total Debt: 14
Net Working Capital: 8
Contingent Liabilities: 0
Book Value per Share: 11.37
Face Value: 10.00
Total Debt: 14
Net Working Capital: 8
Contingent Liabilities: 0
Book Value per Share: 11.37
Face Value: 10.00

Mar 2024

Equity Capital: 7
: 2
: 19
Trade Payables: 0
: 1
Total Liabilities: 29
: 0
: 11
: 15
Cash & Bank: 2
: 1
Total Assets: 29
Total Debt: 19
Net Working Capital: 10
Contingent Liabilities: 0
Book Value per Share: 13.40
Face Value: 10.00
Total Debt: 19
Net Working Capital: 10
Contingent Liabilities: 0
Book Value per Share: 13.40
Face Value: 10.00

Mar 2025

Equity Capital: 13
: 30
: 19
Trade Payables: 0
: 3
Total Liabilities: 65
: 1
: 23
: 10
Cash & Bank: 29
: 3
Total Assets: 65
Total Debt: 19
Net Working Capital: 43
Contingent Liabilities: 0
Book Value per Share: 33.28
Face Value: 10.00
Total Debt: 19
Net Working Capital: 43
Contingent Liabilities: 0
Book Value per Share: 33.28
Face Value: 10.00

Mar 2026

Equity Capital: 13
: 38
: 23
Trade Payables: 6
: 3
Total Liabilities: 82
: 1
: 12
: 66
Cash & Bank: 0
: 3
Total Assets: 82
Total Debt: 23
Net Working Capital: 50
Contingent Liabilities: 0
Book Value per Share: 38.74
Face Value: 10.00
Total Debt: 23
Net Working Capital: 50
Contingent Liabilities: 0
Book Value per Share: 38.74
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1	-1	1	-32
Cash from Investing	-0	-0	-0	-0
Cash from Financing	2	3	27	3
	1	2	28	-29
Free Cash Flow	-1	-1	0	-32
OCF / Net Profit	-1.28	-0.97	0.14	-4.45
Cumulative 5-Year FCF	0	0	0	0
OCF / Net Profit	-1.28	-0.97	0.14	-4.45
Cumulative 5-Year FCF	0	0	0	0

Mar 2023

: -1
Cash from Investing: -0
Cash from Financing: 2
: 1
Free Cash Flow: -1
OCF / Net Profit: -1.28
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.28
Cumulative 5-Year FCF: 0

Mar 2024

: -1
Cash from Investing: -0
Cash from Financing: 3
: 2
Free Cash Flow: -1
OCF / Net Profit: -0.97
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.97
Cumulative 5-Year FCF: 0

Mar 2025

: 1
Cash from Investing: -0
Cash from Financing: 27
: 28
Free Cash Flow: 0
OCF / Net Profit: 0.14
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.14
Cumulative 5-Year FCF: 0

Mar 2026

: -32
Cash from Investing: -0
Cash from Financing: 3
: -29
Free Cash Flow: -32
OCF / Net Profit: -4.45
Cumulative 5-Year FCF: 0
OCF / Net Profit: -4.45
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-
EPS (₹)	1.05	2.03	4.26	5.46
Book Value (₹)	11.37	13.40	33.28	38.74
Dividend per Share (₹)	0.00	0.00	0.00	0.00
Cash EPS (₹)	0.27	0.53	1.43	1.84
PROFITABILITY	-	-	-	-
Operating Margin %	1.40%	1.81%	2.47%	1.24%
Net Margin %	0.61%	0.81%	1.55%	0.81%
ROE %	9.24%	16.37%	20.88%	15.17%
ROCE %	7.79%	13.54%	19.69%	16.15%
	3.30%	5.68%	11.76%	9.66%
EFFICIENCY	-	-	-	-
Debtor Days	36	27	13	16
Inventory Days	28	21	17	7
Payable Days	0	0	0	1
	64	48	30	22
FINANCIAL HEALTH	-	-	-	-
Debt to Equity (x)	1.69x	1.90x	0.44x	0.46x
Interest Coverage (x)	2.44x	2.36x	5.81x	7.33x
	1.54x	1.50x	2.97x	2.61x
GROWTH	-	-	-	-
Revenue Growth %	0.00%	46.67%	95.79%	146.32%
Operating Profit Growth %	0.00%	98.21%	159.96%	23.14%
Net Profit Growth %	0.00%	93.01%	274.59%	28.26%
	0.00%	93.01%	110.01%	28.26%
VALUATION	-	-	-	-
P/E (x)	0.00x	0.00x	5.46x	15.70x
P/B (x)	0.00x	0.00x	2.09x	6.64x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%
	0.00x	6.96x	8.95x	32.29x

Mar 2023

EPS (₹): 1.05
Book Value (₹): 11.37
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.27
Operating Margin %: 1.40%
Net Margin %: 0.61%
ROE %: 9.24%
ROCE %: 7.79%
: 3.30%
Debtor Days: 36
Inventory Days: 28
Payable Days: 0
: 64
Debt to Equity (x): 1.69x
Interest Coverage (x): 2.44x
: 1.54x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 2.03
Book Value (₹): 13.40
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.53
Operating Margin %: 1.81%
Net Margin %: 0.81%
ROE %: 16.37%
ROCE %: 13.54%
: 5.68%
Debtor Days: 27
Inventory Days: 21
Payable Days: 0
: 48
Debt to Equity (x): 1.90x
Interest Coverage (x): 2.36x
: 1.50x
Revenue Growth %: 46.67%
Operating Profit Growth %: 98.21%
Net Profit Growth %: 93.01%
: 93.01%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 6.96x

Mar 2025

EPS (₹): 4.26
Book Value (₹): 33.28
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.43
Operating Margin %: 2.47%
Net Margin %: 1.55%
ROE %: 20.88%
ROCE %: 19.69%
: 11.76%
Debtor Days: 13
Inventory Days: 17
Payable Days: 0
: 30
Debt to Equity (x): 0.44x
Interest Coverage (x): 5.81x
: 2.97x
Revenue Growth %: 95.79%
Operating Profit Growth %: 159.96%
Net Profit Growth %: 274.59%
: 110.01%
P/E (x): 5.46x
P/B (x): 2.09x
Dividend Yield %: 0.00%
: 8.95x

Mar 2026

EPS (₹): 5.46
Book Value (₹): 38.74
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.84
Operating Margin %: 1.24%
Net Margin %: 0.81%
ROE %: 15.17%
ROCE %: 16.15%
: 9.66%
Debtor Days: 16
Inventory Days: 7
Payable Days: 1
: 22
Debt to Equity (x): 0.46x
Interest Coverage (x): 7.33x
: 2.61x
Revenue Growth %: 146.32%
Operating Profit Growth %: 23.14%
Net Profit Growth %: 28.26%
: 28.26%
P/E (x): 15.70x
P/B (x): 6.64x
Dividend Yield %: 0.00%
: 32.29x

Shareholding Pattern

Numbers in percentages

TRADES

	Mar 2025	Sep 2025	Mar 2026	Jun 2026
	72.70	72.70	72.70	72.70
	0.00	0.26	0.49	0.49
	0.11	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00
	27.19	27.05	26.82	26.82

Mar 2025

: 72.70
: 0.00
: 0.11
Government: 0.00
: 27.19

Sep 2025

: 72.70
: 0.26
: 0.00
Government: 0.00
: 27.05

Mar 2026

: 72.70
: 0.49
: 0.00
Government: 0.00
: 26.82

Jun 2026

: 72.70
: 0.49
: 0.00
Government: 0.00
: 26.82

Documents

Announcements

Nothing filed yet.

Annual Reports

Annual Report FY2025
2025

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.