Shringar House of Mangalsutra Ltd
Incorporated in January 2009, Shringar House of Mangalsutra Limited manufactures and designs Mangalsutra in India.[1]
- Market Cap ₹ 2,371 Cr.
- Current Price ₹ 246
- High / Low ₹ 266 / 177
- Stock P/E 24.5
- Book Value ₹ 63.4
- Dividend Yield 0.00 %
- ROCE 31.6 %
- ROE 36.2 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.1%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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 IPO
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 510 | 810 | 950 | 1,102 | 1,430 | 1,872 | |
| 490 | 780 | 912 | 1,052 | 1,337 | 1,735 | |
| Operating Profit | 21 | 30 | 38 | 50 | 92 | 137 |
| OPM % | 4% | 4% | 4% | 5% | 6% | 7% |
| 0 | 1 | 1 | 1 | 0 | 3 | |
| Interest | 2 | 3 | 6 | 6 | 8 | 8 |
| Depreciation | 1 | 1 | 2 | 3 | 3 | 3 |
| Profit before tax | 18 | 27 | 31 | 42 | 82 | 129 |
| Tax % | 27% | 26% | 26% | 26% | 25% | |
| 13 | 20 | 23 | 31 | 61 | 97 | |
| EPS in Rs | 832.40 | 22.86 | 26.35 | 35.09 | 8.47 | 11.55 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 44% |
| TTM: | 96% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 30% |
| Last Year: | 36% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.25 | 9 | 9 | 9 | 72 | 96 |
| Reserves | 53 | 73 | 97 | 128 | 129 | 515 |
| 23 | 98 | 93 | 110 | 123 | 185 | |
| 26 | 15 | 13 | 18 | 52 | 51 | |
| Total Liabilities | 102 | 195 | 212 | 265 | 376 | 848 |
| 15 | 51 | 52 | 50 | 50 | 52 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 88 | 145 | 160 | 215 | 326 | 796 | |
| Total Assets | 102 | 195 | 212 | 265 | 376 | 848 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -5 | -30 | 13 | -14 | -7 | |
| 0 | -36 | -3 | -2 | -3 | |
| 4 | 69 | -9 | 12 | 9 | |
| Net Cash Flow | -1 | 3 | 1 | -4 | -1 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 14 | 12 | 18 | 20 | 22 |
| Inventory Days | 47 | 54 | 43 | 51 | 64 |
| Days Payable | 14 | 3 | 1 | 3 | 12 |
| Cash Conversion Cycle | 47 | 62 | 60 | 68 | 74 |
| Working Capital Days | 43 | 29 | 26 | 29 | 39 |
| ROCE % | 24% | 20% | 22% | 32% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8h
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 17 Feb
- Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Feb
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 Feb - Audio link of Q3 FY26 earnings call (12 Feb 2026, 3:00 PM IST) posted on company website.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
11 Feb - Crisil monitoring report for quarter ended Dec 31, 2025: IPO gross proceeds Rs4,009.20mn, net Rs3,613.57mn; fully utilized.
Concalls
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Feb 2026Transcript PPT
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Nov 2025TranscriptAI SummaryPPT
Business Profile[1]
Shringar House of Mangalsutra designs, manufactures, and markets a wide range of mangalsutras in 18k and 22k gold, studded with American diamonds, cubic zirconia, pearls, and semi-precious stones. It holds ~6% share of the organized mangalsutra market in India (CY23).