SMR Jewels Ltd
Incorporated in 2018, SMR Jewels Limited
is engaged in the design and distribution
of Designer Heritage Jewellery.[1]
- Market Cap ₹ 174 Cr.
- Current Price ₹ 93.0
- High / Low ₹ 115 / 75.8
- Stock P/E 7.01
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 71.5 %
- ROE 66.7 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 71.7%
Cons
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 68 | 125 | 263 | 432 | |
| 66 | 118 | 248 | 397 | |
| Operating Profit | 2 | 6 | 16 | 36 |
| OPM % | 2.9% | 4.9% | 6% | 8% |
| 0 | 0 | 0 | 0 | |
| Interest | 1 | 1 | 1 | 3 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 5 | 15 | 33 |
| Tax % | 26% | 27% | 26% | 25% |
| 1 | 4 | 11 | 25 | |
| EPS in Rs | 910.00 | 3,850.00 | 22.05 | 16.89 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 86% |
| TTM: | 64% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 201% |
| TTM: | 130% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 72% |
| Last Year: | 67% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 5 | 15 |
| Reserves | 1 | 5 | 20 | 35 |
| 6 | 8 | 9 | 17 | |
| 14 | 3 | 11 | 19 | |
| Total Liabilities | 21 | 15 | 44 | 86 |
| 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| 21 | 15 | 44 | 85 | |
| Total Assets | 21 | 15 | 44 | 86 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -1 | -1 | 0 | -16 | |
| -0 | -0 | -0 | -0 | |
| 1 | 1 | 10 | 7 | |
| Net Cash Flow | 0 | -0 | 10 | -10 |
| Free Cash Flow | -1 | -1 | 0 | -17 |
| CFO/OP | -68% | -16% | 16% | -34% |
Ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 31 | 12 | 11 | 18 |
| Inventory Days | 72 | 29 | 36 | 52 |
| Days Payable | 45 | 1 | 2 | 6 |
| Cash Conversion Cycle | 58 | 40 | 44 | 64 |
| Working Capital Days | 26 | 29 | 30 | 50 |
| ROCE % | 61% | 68% | 71% |
Documents
Announcements
- Closure of Trading Window
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
-
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
- CRAFT Emerging Market Fund PCC acquired 1,656,000 voting rights, holding 8.88%, on 5 Jun and 16 Sep 2026.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
-
Intimation Of Participation In Business Exhibition Under Regulation 30 Of SEBI (LODR) Regulations, 2015
- SMR Jewels will participate in Couture India Show 2026, 26-28 September at Taj Palace, New Delhi.
Business Profile:[1]
SMR Jewels Limited is a Gujarat-based
jewellery company engaged in the designing, development, and distribution of Designer Heritage Jewellery that combines traditional Indian craftsmanship with contemporary aesthetics. The company specializes in mythology-inspired, spiritual, nature-inspired, bridal, and traditional jewellery collections. It primarily operates under a B2B model supplying wholesalers, retailers, boutiques, and jewellery chains across India.