SHRINGARMS

Shringar House of Mangalsutra Limited

B2B mangalsutra and bridal jewellery manufacturer

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

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Key metrics

Price as of 2026-10-16

Stock price

₹313.83

Market cap

3,023 Cr

Stock P/E

25.0

P/B

4.46

ROE (FY26)

17.0%

ROCE (FY26)

18.6%

Operating margin (FY26)

6.9%

Debt / equity (FY26)

0.26

OCF / EBITDA (FY26)

-177.5%

OCF / EBITDA (3Y)

-100.8%

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

Shringar (Shringar House of Mangalsutra) manufactures and trades mangalsutra jewellery, selling to corporate jewellery chains, wholesale distributors and retail partners across India.

Company snapshot

18thBy market cap

Ranked among 39 companies in Gems, Jewellery And Watches.

What we see

Positives

✓Debt-to-equity of 0.26x — the company is largely funded by its own money, not borrowed funds.

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 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	333 Cr	529 Cr	659 Cr	726 Cr	548 Cr
Operating expenses (approx.)	291 Cr	496 Cr	619 Cr	681 Cr	500 Cr
EBITDA	41 Cr	33 Cr	40 Cr	45 Cr	49 Cr
OPM %	12.4%	6.2%	6.1%	6.2%	8.9%
Other income	0.06 Cr	0.54 Cr	2 Cr	2 Cr	1 Cr
Interest	2 Cr	2 Cr	1 Cr	2 Cr	2 Cr
Depreciation	0.74 Cr	0.76 Cr	0.94 Cr	1 Cr	1 Cr
Profit before tax	38 Cr	30 Cr	40 Cr	44 Cr	47 Cr
Tax %	25.5%	24.0%	24.7%	22.5%	27.6%
Net profit	29 Cr	23 Cr	30 Cr	34 Cr	34 Cr
EPS (₹)	₹3.95	₹2.99	₹3.13	₹3.53	₹3.53

Profit & loss (annual)

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

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	950 Cr	1,102 Cr	1,430 Cr	2,246 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	912 Cr	1,052 Cr	1,338 Cr	2,087 Cr	Sign in free for the trailing twelve months
EBITDA	38 Cr	50 Cr	92 Cr	159 Cr	Sign in free for the trailing twelve months
OPM %	4.0%	4.5%	6.5%	7.1%	Sign in free for the trailing twelve months
Other income	1 Cr	1 Cr	0.30 Cr	5 Cr	Sign in free for the trailing twelve months
Interest	6 Cr	6 Cr	8 Cr	8 Cr	Sign in free for the trailing twelve months
Depreciation	2 Cr	3 Cr	3 Cr	4 Cr	Sign in free for the trailing twelve months
Profit before tax	31 Cr	42 Cr	82 Cr	152 Cr	Sign in free for the trailing twelve months
Tax %	25.7%	26.2%	25.3%	24.1%	Sign in free for the trailing twelve months
Net profit	23 Cr	31 Cr	61 Cr	115 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹3.29	₹4.39	₹8.57	₹13.55	Sign in free for the trailing twelve months
Dividend payout %	—	—	—	0.0%	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 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	9 Cr	9 Cr	72 Cr	96 Cr
Reserves	97 Cr	128 Cr	129 Cr	581 Cr
Borrowings	89 Cr	107 Cr	121 Cr	179 Cr
Other liabilities	17 Cr	21 Cr	54 Cr	35 Cr
Total liabilities	212 Cr	265 Cr	376 Cr	892 Cr
Fixed assets (net)	4 Cr	3 Cr	5 Cr	12 Cr
CWIP	—	—	—	0 Cr
Investments	—	—	—	30 Cr
Inventories	104 Cr	144 Cr	228 Cr	439 Cr
Trade receivables	47 Cr	60 Cr	88 Cr	236 Cr
Cash & bank	6 Cr	2 Cr	1 Cr	26 Cr
Other assets	51 Cr	55 Cr	54 Cr	148 Cr
Total assets	212 Cr	265 Cr	376 Cr	892 Cr

Cash flows

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

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	13 Cr	-14 Cr	-7 Cr	-282 Cr
Cash from investing	-3 Cr	-2 Cr	-3 Cr	-103 Cr
Cash from financing	-9 Cr	12 Cr	9 Cr	410 Cr
Net cash flow	1 Cr	-4 Cr	-1 Cr	25 Cr
Free cash flow (OCF − Capex)	10 Cr	-15 Cr	-10 Cr	-290 Cr

Ratios

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	19.0%	19.8%	28.0%	18.6%
ROE %	22.1%	22.7%	30.4%	17.0%
Debtor days	18	20	22	38
Inventory days	43	54	76	78
Days payable	1	3	14	2
Cash conversion cycle	60	70	84	115
OCF / EBITDA %	34.6%	-28.5%	-7.7%	-177.5%
OCF / EBITDA % (3 years)	—	—	-4.5%	-100.8%
Debt / equity	0.84	0.78	0.60	0.26
Current ratio	1.88	1.76	1.91	4.00
Net debt / EBITDA	2.20	2.12	1.30	0.96