DEEPAConsumer Discretionary

Deepa Jewellers Limited

Gems, Jewellery And Watches · ISIN INE1M2N01020 · BSE 544903 · NSE EQ · FV ₹2
Last price
₹204
-2.05%today
What this company does

Deepa Jewellers Limited operates in Gems, Jewellery And Watches, part of the Consumer Discretionary sector. It booked ₹626 cr of revenue in its latest quarter (Q2 FY27) and kept 6.0% of sales as profit.

71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Consumer Discretionary, on the 4 of 6 measures we could read for it. Each measure is ranked against the 324–427 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
45

At close. Not part of the score.

Profitability & returns59

How much profit it earns on the money it employs

Balance sheet79

How much it owes, and whether earnings cover the interest

Valuation60

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Promoters hold 73%
✓ No promoter shares pledged
✓ Strong 28% return on equity
Watch-outs
! Thin 6.0% net margin
! Operating cash flow is negative

What if I invest in DEEPA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹204▼ -2.05%
latest close · 2026-10-27
52-wk low ₹16533 sessions so far52-wk high ₹277
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio12.4Low
LowAverageHigh
P/B ratio3.67High
Below bookModerateHigh
EV / EBITDA10.9Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity28.0%Strong
WeakFairStrong ▸15%
Return on capital31.1%Strong
WeakFairStrong
Net margin6.0%Decent
ThinDecentStrong
EBITDA margin7.3%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.11Comfortable
LowModerateHigh ▸1
Interest cover21.8×Strong
RiskyOkayStrong ▸5×
Current ratio24.07Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,957 cr
Book value
₹55
EPS
₹4.10
latest quarter
Net debt
₹44 cr
owes more than its cash
Enterprise value
₹2,001 cr
EBITDA
₹183 cr
annualised
EBIT
₹181 cr
annualised
Operating margin
7.2%
Return on assets
24.6%
Earnings yield
8.06%
P/S
0.78
Sales / share
₹260.3
Tax rate
13.6%
Face value
₹2
Shares
9.6 cr
Working capital
₹564 cr
Current assets
₹588 cr
Current liabilities
₹24 cr
Delivery %
20.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-10-27.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
We haven't parsed this company's annual profit history yet — common for banks and insurers, whose results file in a different format — so we can't value it off earnings.
Models span ₹133–₹133, midpoint ₹133

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹626 cr
Other Income₹46.5 L
Total Income₹626 cr
Cost of Materials₹596 cr
Purchases of Stock-in-Trade₹50 L
Inventory Change (±)₹-19 cr
Employee Benefit Expense₹2 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹56.6 L
Other Expenses₹1 cr
Total Expenses₹583 cr
Profit before Tax₹43 cr
Tax Expense₹6 cr
Net Profit₹37 cr
Net margin on total income6.0%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹577 cr92.1%
Employee benefit expense₹2 cr0.3%
Finance costs₹2 cr0.3%
Depreciation & amortisation₹56.6 L0.1%
Other expenses₹1 cr0.2%
Tax expense₹6 cr0.9%
Profit for the period₹37 cr6.0%
Total income ₹626 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ1 FY27Q2 FY27
Revenue431 cr626 cr
Total income431 cr626 cr
Expenses395 cr583 cr
Profit before tax36 cr43 cr
Tax9 cr6 cr
Net profit (owners' share)27 cr37 cr
Net margin (owners' share, on revenue)6.2%6.0%
EPS (₹)3.264.10
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹606 cr
Shareholder equity
₹532 cr
parent shareholders
Total debt
₹58 cr
Cash
₹13 cr
Cash flow · H1 FY27
Operating
₹-59 cr
Investing
₹-97 cr
Financing
₹169 cr
Peer comparison
Gems, Jewellery And Watches · by market value
CompanyPriceMarket capP/E
Titan Company Limited₹4,323₹3.84 L cr54.0
Kalyan Jewellers India Limited₹505₹52,133 cr37.3
Lalithaa Jewellery Mart Limited₹348₹17,374 cr20.9
PC Jeweller Limited₹17₹16,193 cr12.1
SKY GOLD AND DIAMONDS LIMITED₹939₹14,535 cr35.2
Thangamayil Jewellery Limited₹4,635₹14,404 cr42.3
BlueStone Jewellery and Lifestyle Limited₹758₹11,583 cr—
P N Gadgil Jewellers Limited₹557₹7,558 cr17.9
Ethos Limited₹2,424₹6,486 cr57.7
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-09-30
No pledge
Promoter
73.0%
FII / Foreign
2.6%
DII / Domestic
6.6%
Retail / others
17.7%
Smart-money activity
Bulk / block deals
SoldQE SECURITIES LLP · NSE5.17 L @ ₹263.6619 Oct 26
BoughtQE SECURITIES LLP · NSE5.16 L @ ₹264.0319 Oct 26
BoughtHRTI PRIVATE LIMITED · NSE5.48 L @ ₹264.0619 Oct 26
Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 16 named members
owning 73.0% between them · as of 2026-09-30
ASHISH AGARWAL35.45%
SEEMA AGARWAL35.45%
DEV AGARWAL2.06%
ASHISH AGARWAL HUF0.01%
CHANDRAKALA AGARWALno shares
Deepa Agarwalno shares
Deepa Hospital (Proprietorship)no shares
Mahendra Kumar Agarwal HUFno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹250 cr raised in Sep 2026 by selling shares to the public

As of Sep 2026, the company says it has spent 60% of what it set aside, leaving ₹90 cr still to be spent. CARE Ratings Limited watches the spending on the exchange’s behalf.

Funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by our Company
58%
₹125 cr of ₹215 cr
General corporate purposes
99%
₹12 cr of ₹12 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.