Shringar House of Mangalsutra Limited
BSE: SHRINGARMS · Gems, Jewellery And Watches
Snapshot
Unlock Shringar House of Mangalsutra Limited'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.
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Key Metrics
P/E
16.8×
Q1 FY27 · standalone
EV/EBITDA
12.7x
Q1 FY27 · standalone
NET PROFIT MARGIN
6.2%
Q1 FY27 · standalone
Peers · Gems, Jewellery And Watches
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Shringar House of Mangalsutra LimitedSHRINGARMS | ₹2,027 Cr | 16.8× | 12.65 | — | 7.0% | 17.9% | 24.5% | +20.6% |
Shanti Gold International LimitedSHANTIGOLD | ₹2,211 Cr | 10.7× | 8.96 | — | 11.0% | 31.1% | 42.3% | +44.1% |
Motisons Jewellers LimitedMOTISONS | ₹2,149 Cr | 26.7× | 22.41 | 10.7% | 19.0% | 14.6% | 20.4% | -2.5% |
Rajesh Exports LimitedRAJESHEXPO | ₹2,023 Cr | 16.8× | 3.44 | — | 0.0% | 0.7% | 1.9% | -65.1% |
Deepa Jewellers LimitedDEEPA | ₹1,888 Cr | — | — | — | 8.0% | — | — | — |
Renaissance Global LimitedRGL | ₹1,830 Cr | 16.0× | 10.62 | 41.4% | 7.0% | 7.5% | 10.8% | +35.6% |
As of Q1 FY27
Financials
Shringar House of Mangalsutra Limited
BSE: SHRINGARMS · Gems, Jewellery And Watches
Snapshot
Unlock Shringar House of Mangalsutra Limited'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.
Start your research today
Unlock AI insights, financials, peers and live data on Shringar House of Mangalsutra Limited and 5,000+ companies — free.
Key Metrics
P/E
16.8x
Q1 FY27 · standalone
EV/EBITDA
12.7x
Q1 FY27 · standalone
NET PROFIT MARGIN
6.2%
Q1 FY27 · standalone
Peers · Gems, Jewellery And Watches
As of Q1 FY27