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 ₹ 94.6
- High / Low ₹ 115 / 75.8
- Stock P/E 7.13
- 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
Figures in Rs. Crores
| 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
- Reg. 34 (1) Annual Report.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On Thursday, August 27, 2026 Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015
- Board approved AGM notice and related items; CS Sangita Rajpurohit resigned 26 Aug, Pooja Shah appointed 27 Aug 2026.
-
Company Announces Significant Milestone In Driving Growth And Innovation In The Jewellery Market
- SMR Jewels launched heritage-inspired jewellery collection featuring Shiva, Krishna, Pichwai and devotional motifs.
-
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Utilization Of Funds Raised Through IPO Proceeds
- SMR Jewels began using IPO proceeds for jewellery studio construction after Bhumi Poojan on 25/08/2026.
-
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.
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.