SMR Jewels Ltd
Incorporated in 2018, SMR Jewels Limited
is engaged in the design and distribution
of Designer Heritage Jewellery.[1]
- Market Cap ₹ 177 Cr.
- Current Price ₹ 95.0
- High / Low ₹ 115 / 75.8
- Stock P/E 7.16
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 71.9 %
- ROE 67.2 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 71.9%
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 | 15 | 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 | 14 | 33 |
| Tax % | 26% | 27% | 26% | 25% |
| 1 | 4 | 10 | 25 | |
| EPS in Rs | 910.00 | 3,850.00 | 21.31 | 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: | 138% |
| 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 | 19 | 35 |
| 6 | 8 | 9 | 17 | |
| 14 | 3 | 11 | 19 | |
| Total Liabilities | 21 | 15 | 43 | 86 |
| 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| 21 | 15 | 43 | 85 | |
| Total Assets | 21 | 15 | 43 | 86 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -1 | -1 | 1 | -16 | |
| -0 | -0 | -0 | -0 | |
| 1 | 1 | 9 | 7 | |
| Net Cash Flow | 0 | -0 | 10 | -10 |
| Free Cash Flow | -1 | -1 | 1 | -17 |
| CFO/OP | -68% | -16% | 23% | -34% |
Ratios
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 31 | 12 | 11 | 18 |
| Inventory Days | 72 | 29 | 34 | 52 |
| Days Payable | 45 | 1 | 2 | 6 |
| Cash Conversion Cycle | 58 | 40 | 43 | 64 |
| Working Capital Days | 26 | 29 | 29 | 50 |
| ROCE % | 61% | 67% | 72% |
Documents
Announcements
-
Board Meeting Intimation for Intimation Of Board Meeting Pursuant To Regulation 29 Of The SEBI (LODR) Regulations, 2015.
- Board meets 27 Aug 2026 to approve AGM notice, FY26 report, auditor appointment, and consider director/chairman changes.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- First monitoring agency report for quarter ended June 30, 2026 shows no deviation in IPO proceeds use.
-
Intimation Of Participation In Business Exhibition Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
- SMR Jewels will մասնակցate in IIJS Bharat Premiere 2026, Mumbai, launching new heritage collections.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- The certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 received from Purva Sharegistry (India) Private Limited (RTA) of the company for the …
-
Audited Financial Results For The Year Ended On 31St March, 2026.
- SMR Jewels approved FY26 audited results; revenue Rs 432.37 crore, net profit Rs 24.75 crore; appointed internal auditor.
Annual reports
No data available.
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.