SMR Jewels Ltd
Incorporated in 2018, SMR Jewels Limited
is engaged in the design and distribution
of Designer Heritage Jewellery.[1]
- Market Cap ₹ 180 Cr.
- Current Price ₹ 96.3
- High / Low ₹ 146 / 75.8
- Stock P/E 7.26
- 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
| Mar 2025 | Mar 2026 | |
|---|---|---|
| 191 | 233 | |
| 181 | 213 | |
| Operating Profit | 11 | 21 |
| OPM % | 6% | 9% |
| 0 | 0 | |
| Interest | 1 | 2 |
| Depreciation | 0 | 0 |
| Profit before tax | 10 | 18 |
| Tax % | 26% | 24% |
| 7 | 14 | |
| EPS in Rs | 4.99 | 9.60 |
| Raw PDF |
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 | 0.76 | 3.21 | 7.33 | 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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -68% | -16% | 16% | -34% |
Ratios
| 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
-
Board Meeting Intimation for Intimation Of Board Meeting To Be Held On Wednesday, October 28, 2026
- Board to meet on October 28, 2026 to approve half-year unaudited standalone results.
-
Clarification On Price Movement In The Shares Of SMR Jewels Limited
- SMR Jewels says no undisclosed price-sensitive information; share movement is market-driven.
-
Clarification sought from SMR Jewels Ltd
- Exchange has sought clarification from SMR Jewels Ltd on October 19, 2026 with reference to significant movement in price, in order to ensure that investors …
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- We are enclosing herewith a copy of certificate under Regulation 74(5) of SEBI ( Depositories and Participants) Regulations, 2018 received from Purva Sharegistry (India) Private …
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- SMR Jewels received domestic jewellery orders worth Rs 67.00 crore from multiple vendors at Couture India Show 2026.
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.