Royal India Corp

BSE: ROYALIND · Gems, Jewellery And Watches

52W Range₹3 ₹9

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Snapshot

Unlock Royal India Corp's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Royal India Corporation Limited is an Indian company primarily engaged in the wholesale trading of gold bullion, jewelry, and precious metals. The firm also maintains a secondary interest in the real estate sector through the development and sale of residential and commercial properties.

Business Model

The company operates as an intermediary in the bullion market, sourcing and supplying gold bars and ornaments to retailers and industrial participants. It generates revenue through high-volume commodity trading and property development activities.

Growth Outlook

Growth is primarily driven by market demand for precious metals and the company's ability to navigate the regulatory environment governing gold imports. Future performance remains tied to fluctuations in global gold prices and the successful execution of real estate projects.

Key Risks

  • Commodity Price Volatility. The company's profitability is highly sensitive to fluctuations in the market price of gold and precious metals.
  • Regulatory Risk. Changes in government policies regarding the import and trade of gold can significantly impact the company's supply chain and margins.
  • Real Estate Market Cyclicality. The firm's real estate development business is subject to market demand cycles and regulatory approvals in the property sector.
  • Liquidity and Scale Risk. As a niche player in the commodities market, the company faces risks related to its smaller scale compared to larger national competitors.

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Key Metrics

REVENUE

₹116 Cr

TTM · standalone

-22.4%YoY

NET PROFIT

₹17 Cr

TTM · standalone

+722.6%YoY

EPS

₹1.50

TTM · standalone

+233.9%YoY

RETURN ON EQUITY

21.9%

TTM · standalone

+75.0 ppYoY

RETURN ON CAPITAL EMPLOYED

15.3%

TTM · standalone

+15.0 ppYoY

P/E

3.9x

Q3 FY26 · standalone

3.9 vs -1.0x5Y avg

EV/EBITDA

2.3x

Q3 FY26 · standalone

2.3 vs -30.7x5Y avg

EBITDA MARGIN

20.2%

TTM · standalone

+19.9 ppYoY

DEBT TO EQUITY

0.1%

Q4 FY26 · consolidated

+10.2 ppYoY

Peers · Gems, Jewellery And Watches

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Royal India CorpROYALIND
₹67 Cr3.772.80-22.4%20.2%21.9%15.3%-7.5%
Maxgrow IndiaMAXGROW
₹632 Cr2.0%+1200.7%
RBZ Jewellers LimitedRBZJEWEL
₹585 Cr10.307.4530.3%14.3%20.8%30.5%+6.5%
PNGS Gargi Fashion Jewellery LimitedGARGI
₹576 Cr27.0%-37.2%
Uday Jewellery Industries LimitedUDAYJEW
₹464 Cr17.7813.64128.5%7.0%25.1%33.4%-18.8%
Manbro Industries LimitedMANBRO
₹346 Cr35.93345.70270.3%2.3%2.3%-89.7%

As of Q3 FY26

Financials