Shringar House
BSE: SHRINGARMS · Gems, Jewellery And Watches
Snapshot
Unlock Shringar House's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Shringar House of Mangalsutra Limited is a specialised manufacturer and designer of mangalsutras based in India. The company produces jewellery using 18k, 22k, and 24k gold, incorporating materials such as American diamonds, cubic zirconia, and semi-precious stones.
Business Model
The company operates primarily as a B2B manufacturer, supplying mangalsutras to the broader jewellery retail market. It leverages its manufacturing capabilities to maintain a significant presence in the organised segment of the Indian market.
- Organised market share:6%
Growth Outlook
Growth is driven by the company's position as the largest B2B manufacturer of mangalsutras in India. Future expansion is tied to the formalisation of the Indian jewellery sector and sustained demand for traditional bridal jewellery.
Key Risks
- Gold Price Volatility. Fluctuations in the price of gold can significantly impact manufacturing costs and consumer demand for jewellery products.
- Regulatory Changes. Changes in government policies regarding gold imports and hallmarking standards may affect operational costs and compliance requirements.
- Competitive Intensity. The jewellery sector in India is highly fragmented, with intense competition from both organised players and local unorganised jewellers.
- Consumer Preference Shifts. Changes in fashion trends or cultural preferences regarding traditional jewellery could impact the demand for mangalsutras.
Price
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Peers · Gems, Jewellery And Watches
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Shringar HouseSHRINGARMS | 1,772 | 16.62 | 11.79 | — | 7.3% | 17.0% | 23.3% | — |
D. P. Abhushan LimitedDPABHUSHAN | 2,294 | 14.27 | 10.63 | 22.8% | 7.6% | 45.9% | 62.0% | -15.2% |
Shanti GoldSHANTIGOLD | 1,268 | 8.20 | 7.38 | — | 11.7% | 26.8% | 37.0% | — |
Motisons JewelMOTISONS | 1,245 | 22.00 | 17.34 | 5.9% | 19.1% | 14.6% | 20.6% | -35.1% |
Laxmi GoldornaLGHL | 1,234 | 129.14 | 32.92 | 18.8% | 15.9% | 4.4% | 11.9% | -74.8% |
PNGS Reva Diamo.PNGSREVA | 1,115 | — | — | — | 22.0% | — | — | — |
As of Q4 FY26
Financials
Shringar House
BSE: SHRINGARMS · Gems, Jewellery And Watches
Snapshot
Unlock Shringar House's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Shringar House of Mangalsutra Limited is a specialised manufacturer and designer of mangalsutras based in India. The company produces jewellery using 18k, 22k, and 24k gold, incorporating materials such as American diamonds, cubic zirconia, and semi-precious stones.
Business Model
The company operates primarily as a B2B manufacturer, supplying mangalsutras to the broader jewellery retail market. It leverages its manufacturing capabilities to maintain a significant presence in the organised segment of the Indian market.
- Organised market share:6%
Growth Outlook
Growth is driven by the company's position as the largest B2B manufacturer of mangalsutras in India. Future expansion is tied to the formalisation of the Indian jewellery sector and sustained demand for traditional bridal jewellery.
Key Risks
- Gold Price Volatility. Fluctuations in the price of gold can significantly impact manufacturing costs and consumer demand for jewellery products.
- Regulatory Changes. Changes in government policies regarding gold imports and hallmarking standards may affect operational costs and compliance requirements.
- Competitive Intensity. The jewellery sector in India is highly fragmented, with intense competition from both organised players and local unorganised jewellers.
- Consumer Preference Shifts. Changes in fashion trends or cultural preferences regarding traditional jewellery could impact the demand for mangalsutras.
Price
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Unlock AI insights, financials, peers and live data on Shringar House and 5,000+ companies — free.
Peers · Gems, Jewellery And Watches
As of Q4 FY26