SHANKESH

Shankesh Jewellers Limited

Shankesh Jewellers Limited (SHANKESH) financial statements and selected valuation metrics through 30 June 2026.

Consumer Discretionary›Consumer Durables›Consumer Durables›Gems, Jewellery And Watches

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Key metrics

Price as of 2026-10-30

Stock price

₹88.44

Market cap

1,300 Cr

Stock P/E

9.7 · FY26

P/B

4.96

ROE (FY26)

50.9%

ROCE (FY26)

41.6%

Operating margin (FY26)

9.6%

Debt / equity (FY26)

0.80

OCF / EBITDA (FY26)

0.2%

OCF / EBITDA (3Y)

-8.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Shankesh Jewellers makes handcrafted gold jewellery, mostly in 22 karat, which it supplies to leading jewellery brands and other corporate customers across India.

Company snapshot

25thBy market cap

Ranked among 39 companies in Gems, Jewellery And Watches.

What we see

Positives

✓Revenue grew 16% in the latest year — strong top-line momentum.

Concerns

✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Jun 2026
Sales	424 Cr
Operating expenses (approx.)	362 Cr
EBITDA	61 Cr
OPM %	14.4%
Other income	0.03 Cr
Interest	3 Cr
Depreciation	0.28 Cr
Profit before tax	58 Cr
Tax %	25.4%
Net profit	43 Cr
EPS (₹)	₹3.68

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

Metric	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,062 Cr	1,404 Cr	1,631 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	1,033 Cr	1,338 Cr	1,473 Cr	Sign in free for the trailing twelve months
EBITDA	29 Cr	65 Cr	158 Cr	Sign in free for the trailing twelve months
OPM %	2.7%	4.7%	9.7%	Sign in free for the trailing twelve months
Other income	0.12 Cr	0.11 Cr	0.14 Cr	Sign in free for the trailing twelve months
Interest	11 Cr	11 Cr	13 Cr	Sign in free for the trailing twelve months
Depreciation	0.84 Cr	0.84 Cr	1 Cr	Sign in free for the trailing twelve months
Profit before tax	17 Cr	54 Cr	143 Cr	Sign in free for the trailing twelve months
Tax %	25.6%	25.4%	25.6%	Sign in free for the trailing twelve months
Net profit	13 Cr	40 Cr	107 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹1.09	₹3.44	₹9.09	Sign in free for the trailing twelve months
Dividend payout %	—	—	—	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2024	Mar 2025	Mar 2026
Equity capital	3 Cr	10 Cr	59 Cr
Reserves	58 Cr	91 Cr	151 Cr
Borrowings	109 Cr	145 Cr	167 Cr
Other liabilities	8 Cr	4 Cr	27 Cr
Total liabilities	177 Cr	250 Cr	404 Cr
Fixed assets (net)	1 Cr	3 Cr	3 Cr
CWIP	—	—	12 Cr
Investments	—	0.40 Cr	0.48 Cr
Inventories	131 Cr	162 Cr	240 Cr
Trade receivables	40 Cr	79 Cr	126 Cr
Cash & bank	0.17 Cr	0.02 Cr	0.03 Cr
Other assets	4 Cr	5 Cr	22 Cr
Total assets	177 Cr	250 Cr	404 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

Metric	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	1 Cr	-23 Cr	0.33 Cr
Cash from investing	-1 Cr	-3 Cr	-13 Cr
Cash from financing	-0.49 Cr	26 Cr	12 Cr
Net cash flow	-0.03 Cr	-0.15 Cr	0.0040 Cr
Free cash flow (OCF − Capex)	0.42 Cr	-26 Cr	-12 Cr

Ratios

Metric	Mar 2024	Mar 2025	Mar 2026
ROCE %	16.5%	26.3%	41.6%
ROACE %	—	31.2%	50.4%
ROE %	21.3%	40.1%	50.9%
Debtor days	14	20	28
Inventory days	47	43	57
Days payable	0	0	1
Cash conversion cycle	61	64	85
OCF / EBITDA %	n.m.	-35.4%	0.2%
OCF / EBITDA % (3 years)	—	—	-8.5%
OCF / net profit	0.11	-0.57	0.0031
Debt / equity	1.80	1.44	0.80
Current ratio	1.50	1.65	2.00
Net debt / EBITDA	3.79	2.22	1.06
Net debt / equity	1.80	1.44	0.80
Receivable turnover (x)	26.64	23.65	15.89
Inventory turnover (x)	8.08	9.58	8.12
Net capital turnover (x)	18.20	14.67	8.45
EBITDA / interest	2.68	6.17	11.84
PBT margin %	1.6%	3.8%	8.8%
Raw material / sales %	95.7%	94.4%	88.9%
Employee cost / sales %	1.4%	0.7%	0.9%
Interest / sales %	1.0%	0.8%	0.8%