SHRINGARMSConsumer Discretionary

Shringar House of Mangalsutra Limited

Gems, Jewellery And Watches · ISIN INE1B3L01017 · BSE 544512 · NSE EQ · FV ₹10
Last price
₹212
+1.07%today
What this company does

Shringar House of Mangalsutra Limited operates in Gems, Jewellery And Watches, part of the Consumer Discretionary sector. It booked ₹548 cr of revenue in its latest quarter (Q1 FY27) and kept 6.2% of sales as profit.

62out of 100
Equitytale Health Score
Mixed

Healthier than 62% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 326–421 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)
36

At close. Not part of the score.

Profitability & returns80

How much profit it earns on the money it employs

Balance sheet69

How much it owes, and whether earnings cover the interest

Cash quality9

Whether reported profit actually arrives as cash

Valuation50

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: 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
Sales up 65% vs last year
Profit up 19% vs last year
Promoters hold 75%
No promoter shares pledged
Strong 20% return on equity
Watch-outs
! Thin 6.2% net margin
! Operating cash flow is negative

What if I invest in SHRINGARMS?

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 We do not publish price targets or predict returns.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
₹212 +1.07%
latest close · 2026-09-17
52-wk low ₹20542 sessions so far52-wk high ₹242
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 ratio15.0Low
LowAverageHigh
P/B ratio3.01High
Below bookModerateHigh
EV / EBITDA10.9Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity20.1%Strong
WeakFairStrong ▸15%
Return on capital28.5%Strong
WeakFairStrong
Net margin6.2%Decent
ThinDecentStrong
EBITDA margin9.2%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.26Comfortable
LowModerateHigh ▸1
Interest cover23.8×Strong
RiskyOkayStrong ▸5×
Current ratio4.00Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹2,042 cr
Book value
₹70
EPS
₹3.53
latest quarter
Net debt
₹153 cr
owes more than its cash
Enterprise value
₹2,195 cr
EBITDA
₹201 cr
annualised
EBIT
₹196 cr
annualised
Operating margin
8.9%
Return on assets
15.3%
Earnings yield
6.67%
P/S
0.93
Sales / share
₹227.5
Tax rate
27.6%
Face value
₹10
Shares
9.6 cr
Working capital
₹614 cr
Current assets
₹818 cr
Current liabilities
₹205 cr
Delivery %
34.8%
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 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹92₹92, midpoint ₹92

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 · Q1 FY27 (consolidated)
Revenue from Operations₹548 cr
Other Income₹1 cr
Total Income₹550 cr
Cost of Materials₹567 cr
Purchases of Stock-in-Trade₹71 cr
Inventory Change (±)₹-146 cr
Employee Benefit Expense₹5 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹1 cr
Other Expenses₹3 cr
Total Expenses₹503 cr
Profit before Tax₹47 cr
Tax Expense₹13 cr
Net Profit₹34 cr
Net margin on total income6.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹492 cr89.4%
Employee benefit expense₹5 cr0.8%
Finance costs₹2 cr0.4%
Depreciation & amortisation₹1 cr0.2%
Other expenses₹3 cr0.6%
Tax expense₹13 cr2.4%
Profit for the period₹34 cr6.2%
Total income ₹550 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue659 cr726 cr548 cr
Total income661 cr728 cr550 cr
Expenses621 cr684 cr503 cr
Profit before tax40 cr44 cr47 cr
Tax10 cr10 cr13 cr
Net profit (owners' share)30 cr34 cr34 cr
Net margin (owners' share, on revenue)4.6%4.7%6.2%
EPS (₹)3.133.533.53
YoY (latest quarter): total income +65.3% · net profit +19.3%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹892 cr
Shareholder equity
₹678 cr
parent shareholders
Total debt
₹179 cr
Cash
₹26 cr
Cash flow · H1 FY26
Operating
₹-412 cr
Investing
₹-3 cr
Financing
₹416 cr
Peer comparison
Gems, Jewellery And Watches · by market value
CompanyPriceMarket capP/E
Titan Company Limited₹4,841₹4.30 L cr60.4
Kalyan Jewellers India Limited₹581₹60,049 cr43.0
Thangamayil Jewellery Limited₹4,811₹14,953 cr43.9
Lalithaa Jewellery Mart Limited₹290₹14,519 cr17.5
BlueStone Jewellery and Lifestyle Limited₹831₹12,667 cr451.7
SKY GOLD AND DIAMONDS LIMITED₹793₹12,286 cr29.7
PC Jeweller Limited₹12₹11,992 cr13.4
P N Gadgil Jewellers Limited₹601₹8,158 cr19.4
Ethos Limited₹2,651₹7,093 cr63.1
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
74.8%
FII / Foreign
2.9%
DII / Domestic
2.7%
Retail / others
19.5%
Smart-money activity
Bulk / block deals
SoldWIINANCE FINANCIAL SERVICES PRIVATE LIMITED · NSE6.00 L @ ₹202.0722 Apr 26
BoughtSUNDAR IYER · NSE5.00 L @ ₹20122 Apr 26
SoldARTHKUMBH VENTURES LLP · NSE6.45 L @ ₹201.9422 Apr 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 — 35 named members
owning 74.8% between them · as of 2026-06-30
Chetan Natvarlal Thadeshwar41.76%
Mamta C Thadeshwar21.62%
Balraj Chetan Thadeshwar5.71%
Viraj Chetan Thadeshwar5.71%
Adhish Manakchand Rathodno shares
Adish Manakchand Rathod HUFno shares
Bharti Paresh Brahmbhattno shares
Bhavana Sudhir Dhankno 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.

₹401 cr raised in Sep 2025 by selling shares to the public

As of Mar 2026, the company says it has spent 100% of what it set aside, leaving ₹70.9 L still to be spent. CRISIL Ratings Limited watches the spending on the exchange’s behalf.

Funding of Working Capital requirement of the Company
100%
₹280 cr of ₹280 cr
General Corporate Purpose
originally ₹79 cr
budget changed
100%
₹81 cr of ₹81 cr
Issue Expense
originally ₹42 cr
budget changed
98%
₹39 cr of ₹40 cr
Spent by quarter: 76%100% (to Mar 2026)

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.