Luxury Time Ltd
Incorporated in 2008, Luxury Time Limited is engaged in the distribution, marketing, retailing, and after-sales servicing of Swiss luxury watches, along with the distribution of watch service-related tools and equipment in India[1]
- Market Cap ₹ 57.0 Cr.
- Current Price ₹ 69.0
- High / Low ₹ 168 / 52.5
- Stock P/E 9.61
- Book Value ₹ 46.5
- Dividend Yield 0.00 %
- ROCE 26.6 %
- ROE 19.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 25.5% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 58.3 to 77.7 days.
- Working capital days have increased from 81.5 days to 123 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Gems, Jewellery And Watches
Part of BSE SME IPO
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 21.46 | 20.83 | 36.17 | 44.94 | 41.02 | 53.75 | 53.91 | 60.19 | |
| Sales growth | -2.94% | +73.64% | +24.25% | -8.72% | +31.03% | +0.30% | +29.14% | |
| 20.08 | 21.55 | 33.85 | 43.29 | 38.29 | 48.86 | 47.10 | 53.36 | |
| Operating Profit | 1.38 | -0.72 | 2.32 | 1.65 | 2.73 | 4.89 | 6.81 | 6.83 |
| OPM % | 6.43% | -3.46% | 6.41% | 3.67% | 6.66% | 9.10% | 12.63% | 11.35% |
| 0.48 | 3.36 | 0.50 | 0.99 | 0.35 | 0.22 | 0.71 | 1.25 | |
| Interest | 0.16 | 0.14 | 0.28 | 0.21 | 0.32 | 0.23 | 0.15 | 0.08 |
| Depreciation | 0.19 | 0.18 | 0.14 | 0.12 | 0.08 | 0.03 | 0.11 | 0.17 |
| Profit before tax | 1.51 | 2.32 | 2.40 | 2.31 | 2.68 | 4.85 | 7.26 | 7.83 |
| Tax % | 28.48% | 29.31% | 29.17% | 27.71% | 25.00% | 31.13% | 22.59% | |
| 1.08 | 1.64 | 1.70 | 1.67 | 2.01 | 3.35 | 5.62 | 5.93 | |
| EPS in Rs | 1.77 | 2.69 | 2.79 | 2.74 | 3.30 | 5.21 | 6.81 | 7.18 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 6% |
| TTM: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 45% |
| TTM: | 43% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 21% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.87 | 0.87 | 0.87 | 0.87 | 0.87 | 6.43 | 8.25 | 8.25 |
| Reserves | 4.33 | 5.98 | 7.68 | 9.35 | 11.38 | 10.42 | 27.27 | 30.15 |
| 1.06 | 1.28 | 1.89 | 2.05 | 3.12 | 0.20 | 0.00 | 0.00 | |
| 5.98 | 6.61 | 5.83 | 6.94 | 7.93 | 8.23 | 7.66 | 6.98 | |
| Total Liabilities | 12.24 | 14.74 | 16.27 | 19.21 | 23.30 | 25.28 | 43.18 | 45.38 |
| 0.27 | 0.18 | 0.22 | 0.16 | 0.09 | 0.07 | 0.46 | 0.53 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.00 | 1.00 | 1.75 | 1.75 | 2.75 | 2.75 | 2.80 | 2.80 |
| 10.97 | 13.56 | 14.30 | 17.30 | 20.46 | 22.46 | 39.92 | 42.05 | |
| Total Assets | 12.24 | 14.74 | 16.27 | 19.21 | 23.30 | 25.28 | 43.18 | 45.38 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 2.47 | 1.25 | 1.24 | |||||
| -1.01 | 0.00 | -13.42 | |||||
| 0.77 | -1.89 | 12.76 | |||||
| Net Cash Flow | 2.23 | -0.64 | 0.59 | ||||
| Free Cash Flow | 2.46 | 1.23 | 0.87 | ||||
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 116% | 44% | 48% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 68.37 | 151.57 | 81.44 | 53.20 | 51.96 | 45.09 | 77.73 |
| Inventory Days | 105.12 | 74.10 | 33.71 | 74.82 | 106.91 | 112.07 | 106.12 |
| Days Payable | 126.33 | 110.37 | 48.09 | 61.13 | 67.49 | 68.12 | 71.62 |
| Cash Conversion Cycle | 47.16 | 115.31 | 67.06 | 66.89 | 91.38 | 89.03 | 112.22 |
| Working Capital Days | 27.89 | 79.38 | 36.23 | 52.71 | 47.69 | 73.54 | 123.36 |
| ROCE % | 34.19% | 28.86% | 22.19% | 21.71% | 33.81% | 26.63% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| After-Sales Services Revenue Share % |
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| Delhi Revenue Share % |
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| Direct-to-Consumer (D2C) & E-commerce Revenue Share % |
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| Maharashtra Revenue Share % |
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| Top 1 Customer Concentration % |
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| Top 10 Customer Concentration % |
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| Top Supplier Concentration (Single Swiss Company) % |
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| Watch Distribution (B2B) Revenue Share % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
- Luxury Time appoints Mr. Muhammad Akaram as CFO and KMP effective November 3, 2026.
-
Intimation Of Appointment Of Chief Financial Officer (CFO) And Key Managerial Personnel (KMP) Of The Company
- Mr. Muhammad Akaram appointed CFO and KMP effective November 3, 2026.
-
Statement Of Deviation & Variation For The Quarter Ended 30.09.2026
- Luxury Time reported IPO proceeds deviation for ₹14.99 crore; shareholders approved revised objects on September 25, 2026.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- Brickwork submitted Q2 FY27 monitoring report for ₹18.73 crore IPO proceeds; no deviation reported.
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Board Meeting Outcome for Outcome Of Board Meeting Held On November 03, 2026
- Board approved H1 FY26 results, raised MD/WTD pay, and appointed Muhammad Akaram as CFO after Kanika Gupta resigned.
Business Overview:[1][2][3]
LTL is an integrated player in the premium and luxury watch ecosystem, with operations across retail, direct‑to‑consumer channels, e‑commerce, after‑sales service, brand support, and specialized tools and machinery. The company is engaged in importing, exporting, buying, selling, and trading clocks and watches, alongside repair, maintenance, fabrication, alteration, and design of timepieces. It also provides brand promotion services such as retail audits, exhibitions, consultancy, boutique management, and training.
The company operates in a single business segment—distribution and servicing of luxury watches and accessories—strengthening its specialization and positioning in the Indian
luxury watch market