Shringar House of Mangalsutra Ltd

Shringar House of Mangalsutra Ltd

₹ 246 -2.93%
20 Feb - close price
About

Incorporated in January 2009, Shringar House of Mangalsutra Limited manufactures and designs Mangalsutra in India.[1]

Key Points

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).

  • 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.

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Quarterly Results

Figures in Rs. Crores

Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
271 416 391 351 333 529 659
246 392 372 328 291 496 619
Operating Profit 25 24 20 23 41 33 40
OPM % 9% 6% 5% 7% 12% 6% 6%
0 0 0 0 0 1 2
Interest 2 2 2 2 2 2 1
Depreciation 1 1 1 1 1 1 1
Profit before tax 23 22 17 20 38 30 40
Tax % 25% 27% 23% 25% 25% 24% 25%
17 16 13 15 29 23 30
EPS in Rs 19.17 18.09 1.78 2.11 3.95 2.37 3.12
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

13 Recently
Sep 2025Dec 2025
74.80% 74.80%
3.95% 3.36%
3.80% 1.69%
17.44% 20.14%
No. of Shareholders 40,85327,403

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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