Shringar House of Mangalsutra Ltd
₹ 209
-0.15%
05 Jun
- close price
About
Incorporated in January 2009, Shringar House of Mangalsutra Limited manufactures and designs Mangalsutra in India.[1]
Key Points
- Market Cap ₹ 2,006 Cr.
- Current Price ₹ 209
- High / Low ₹ 266 / 166
- Stock P/E 17.4
- Book Value ₹ 70.3
- Dividend Yield 0.00 %
- ROCE 26.8 %
- ROE 26.3 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 54.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Debtor days have increased from 26.9 to 38.3 days.
- Working capital days have increased from 48.8 days to 79.0 days
* 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
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 510 | 810 | 950 | 1,102 | 1,430 | 2,246 | |
| 490 | 780 | 912 | 1,052 | 1,337 | 2,087 | |
| Operating Profit | 21 | 30 | 38 | 50 | 92 | 159 |
| OPM % | 4% | 4% | 4% | 5% | 6% | 7% |
| 0 | 1 | 1 | 1 | 0 | 5 | |
| Interest | 2 | 3 | 6 | 6 | 8 | 8 |
| Depreciation | 1 | 1 | 2 | 3 | 3 | 4 |
| Profit before tax | 18 | 27 | 31 | 42 | 82 | 152 |
| Tax % | 27% | 26% | 26% | 26% | 25% | 24% |
| 13 | 20 | 23 | 31 | 61 | 115 | |
| EPS in Rs | 832.40 | 22.86 | 26.35 | 35.09 | 8.47 | 11.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 33% |
| TTM: | 57% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 54% |
| 3 Years: | 70% |
| TTM: | 89% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 28% |
| Last Year: | 26% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.25 | 9 | 9 | 9 | 72 | 96 |
| Reserves | 53 | 73 | 97 | 128 | 129 | 581 |
| 23 | 98 | 93 | 110 | 123 | 189 | |
| 26 | 15 | 13 | 18 | 52 | 25 | |
| Total Liabilities | 102 | 195 | 212 | 265 | 376 | 892 |
| 15 | 51 | 52 | 50 | 50 | 65 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 88 | 145 | 160 | 215 | 326 | 827 | |
| Total Assets | 102 | 195 | 212 | 265 | 376 | 892 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -5 | -30 | 13 | -14 | -7 | -282 | |
| 0 | -36 | -3 | -2 | -3 | -103 | |
| 4 | 69 | -9 | 12 | 9 | 410 | |
| Net Cash Flow | -1 | 3 | 1 | -4 | -1 | 25 |
| Free Cash Flow | -5 | -66 | 10 | -15 | -10 | -290 |
| CFO/OP | -23% | -86% | 55% | 4% | 10% | -155% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 14 | 12 | 18 | 20 | 22 | 38 |
| Inventory Days | 47 | 54 | 43 | 51 | 64 | 79 |
| Days Payable | 14 | 3 | 1 | 3 | 12 | 2 |
| Cash Conversion Cycle | 47 | 62 | 60 | 68 | 74 | 116 |
| Working Capital Days | 43 | 29 | 26 | 29 | 39 | 79 |
| ROCE % | 24% | 20% | 22% | 32% | 27% |
Insights
In beta| Mar 2023 | Mar 2024 | Sep 2025 | |
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| Capacity Utilisation % |
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| Installed Capacity kgs p.a. |
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| Active SKUs Number |
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| Geographic Presence (States & UTs) Number |
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| Number of Designers Number |
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| Sales Volume kgs |
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Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 30 May
- Announcement under Regulation 30 (LODR)-Newspaper Publication 28 May
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
27 May - Audio link for Q4 FY26 earnings call held on May 27, 2026 released on website.
- Announcement under Regulation 30 (LODR)-Investor Presentation 26 May
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 May - Audited FY26 results: revenue Rs 2,245.8 crore, PAT Rs 115.5 crore; new Kandivali facility commissioned, capacity raised to 4,000 kg.
Concalls
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025TranscriptAI SummaryPPT
Business Profile:[1]
The company designs, manufactures, and markets mangalsutras in 18k, 22k and 24k gold, studded with American diamonds, cubic zirconia, pearl & mother-of-pearl, semi-precious stones. It is the largest B2B Manufacturer of Mangalsutras in India and holds ~6% share of the organized mangalsutra market in India.