Shankesh Jewellers Limited
NSE: SHANKESH · Gems, Jewellery And Watches
Snapshot
Unlock Shankesh Jewellers Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Shankesh Jewellers Limited is an Indian company engaged in designing and manufacturing handcrafted gold jewellery, including bridal, festive, and contemporary collections. The company serves both corporate and non-corporate segments through a pan-India presence and an asset-light operating model.
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Business Model
The company operates an asset-light model utilising a network of skilled local karigars to manufacture handcrafted gold jewellery items such as chokers, earrings, and bangles. It generates revenue primarily through direct product sales across 22 Karat and 18 Karat gold, alongside job work services.
- Operating Model:Asset-light with local karigars
- Q1 FY2027 Revenue:423.6 crore rupees
Management Commentary
Management highlights strong operational momentum backed by robust demand across both corporate and non-corporate channels. The company continues to leverage its extensive industry experience and established corporate relationships to drive scale.
- YoY Revenue Growth:55%
Growth Outlook
Growth is expected to be propelled by expanding corporate relationships, sustained demand for bridal and festive collections, and the scalability of its asset-light manufacturing approach. The company reported significant year-over-year revenue growth in the first quarter of financial year 2027.
- Q1 FY2027 YoY Growth:55%
Key Risks
- Gold Price Volatility. Fluctuations in gold prices can impact consumer demand, profit margins, and inventory valuation.
- Client Concentration. A high reliance on corporate jewellery clients exposes the company to revenue concentration risks if key partners reduce orders.
- Supply Chain and Labour. Reliance on a network of local karigars introduces risks related to labour availability, skill retention, and manufacturing consistency.
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Peers · Gems, Jewellery And Watches
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Shankesh Jewellers LimitedSHANKESH | ₹1,387 Cr | — | — | — | 10.0% | — | — | — |
Khazanchi Jewellers LimitedKHAZANCHI | ₹1,810 Cr | — | — | — | 6.0% | — | — | +20.4% |
PNGS Reva Diamond Jewellery LimitedPNGSREVA | ₹1,667 Cr | — | — | — | 22.0% | — | — | — |
Advit Jewels LimitedRAMBHAJO | ₹1,311 Cr | — | — | — | 30.0% | — | — | — |
Asian Star Co.ASTAR | ₹1,135 Cr | 32.6× | 19.94 | -3.8% | 2.7% | 2.1% | 3.9% | -10.2% |
Manoj Vaibhav Gems N Jewellers LimitedMVGJL | ₹1,081 Cr | 8.3× | 6.89 | 21.5% | 7.1% | 15.7% | 24.5% | +8.8% |
As of Mar 2026
Financials
Shankesh Jewellers Limited
NSE: SHANKESH · Gems, Jewellery And Watches
Snapshot
Unlock Shankesh Jewellers Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Shankesh Jewellers Limited is an Indian company engaged in designing and manufacturing handcrafted gold jewellery, including bridal, festive, and contemporary collections. The company serves both corporate and non-corporate segments through a pan-India presence and an asset-light operating model.
Vertical mix
- NaN%
- NaN%
- NaN%
- NaN%
- NaN%
Geography mix
- NaN%
Business Model
The company operates an asset-light model utilising a network of skilled local karigars to manufacture handcrafted gold jewellery items such as chokers, earrings, and bangles. It generates revenue primarily through direct product sales across 22 Karat and 18 Karat gold, alongside job work services.
- Operating Model:Asset-light with local karigars
- Q1 FY2027 Revenue:423.6 crore rupees
Management Commentary
Management highlights strong operational momentum backed by robust demand across both corporate and non-corporate channels. The company continues to leverage its extensive industry experience and established corporate relationships to drive scale.
- YoY Revenue Growth:55%
Growth Outlook
Growth is expected to be propelled by expanding corporate relationships, sustained demand for bridal and festive collections, and the scalability of its asset-light manufacturing approach. The company reported significant year-over-year revenue growth in the first quarter of financial year 2027.
- Q1 FY2027 YoY Growth:55%
Key Risks
- Gold Price Volatility. Fluctuations in gold prices can impact consumer demand, profit margins, and inventory valuation.
- Client Concentration. A high reliance on corporate jewellery clients exposes the company to revenue concentration risks if key partners reduce orders.
- Supply Chain and Labour. Reliance on a network of local karigars introduces risks related to labour availability, skill retention, and manufacturing consistency.
Start your research today
Unlock AI insights, financials, peers and live data on Shankesh Jewellers Limited and 5,000+ companies — free.
Peers · Gems, Jewellery And Watches
As of Mar 2026