SMR Jewels Ltd
Incorporated in 2018, SMR Jewels Limited
is engaged in the design and distribution
of Designer Heritage Jewellery.[1]
- Market Cap ₹ 192 Cr.
- Current Price ₹ 103
- High / Low ₹ 115 / 75.8
- Stock P/E 7.75
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 71.9 %
- ROE 67.2 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 71.9%
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 | 15 | 36 |
| OPM % | 3% | 5% | 6% | 8% |
| 0 | 0 | 0 | 0 | |
| Interest | 1 | 1 | 1 | 3 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 5 | 14 | 33 |
| Tax % | 26% | 27% | 26% | 25% |
| 1 | 4 | 10 | 25 | |
| EPS in Rs | 910.00 | 3,850.00 | 21.31 | 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: | 138% |
| 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 | 19 | 35 |
| 6 | 8 | 9 | 17 | |
| 14 | 3 | 11 | 19 | |
| Total Liabilities | 21 | 15 | 43 | 86 |
| 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| 21 | 15 | 43 | 85 | |
| Total Assets | 21 | 15 | 43 | 86 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -1 | -1 | 1 | -16 | |
| -0 | -0 | -0 | -0 | |
| 1 | 1 | 9 | 7 | |
| Net Cash Flow | 0 | -0 | 10 | -10 |
| Free Cash Flow | -1 | -1 | 1 | -17 |
| CFO/OP | -68% | -16% | 23% | -34% |
Ratios
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 31 | 12 | 11 | 18 |
| Inventory Days | 72 | 29 | 34 | 52 |
| Days Payable | 45 | 1 | 2 | 6 |
| Cash Conversion Cycle | 58 | 40 | 43 | 64 |
| Working Capital Days | 26 | 29 | 29 | 50 |
| ROCE % | 61% | 67% | 72% |
Documents
Announcements
-
Audited Financial Results For The Year Ended On 31St March, 2026.
1d - SMR Jewels approved FY26 audited results; revenue Rs 432.37 crore, net profit Rs 24.75 crore; appointed internal auditor.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 25Th June, 2026
1d - Board approved FY26 audited results, unmodified audit opinion, and appointed internal auditor for FY2026-27.
-
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
1d - SMR Jewels says Large Corporate disclosure not applicable for FY2025-26.
-
Clarification On Price Movement In The Shares Of SMR Jewels Limited.
2d - SMR Jewels clarified on 24 Jun 2026 that share price movement is market-driven, with no undisclosed material event.
-
Clarification sought from SMR Jewels Ltd
23 Jun - Exchange has sought clarification from SMR Jewels Ltd on June 23, 2026 with reference to significant movement in price, in order to ensure that investors …
Annual reports
No data available.
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.