Shringar House Of Mangalsutra Limited (SHRINGARMS)

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Shringar House Of Mangalsutra Limited (SHRINGARMS) · mywealthgrid

About

Shringar House Of Mangalsutra Limited is a mid-cap consumer discretionary company operating in gems, jewellery, and watches, with a market cap of ₹2,152 Cr. The company achieved strong recent revenue growth of 65% year-over-year (₹332.61 Cr to ₹548.49 Cr), but this expansion has been accompanied by significant margin compression, with operating margins falling from 12.39% to 8.92%.

Face value: ₹10

Market cap

₹2,133 Cr

P/E

17.6×

P/B

3.1×

Dividend yield

ROE

17%

ROCE

23.3%

Debt / equity

0.26

OPM

7.1%

EPS (TTM)

₹12.5

Book value

₹70.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin compression: Operating margins fell from 12.39% (Jun 2025) to 8.92% (Jun 2026) despite 65% revenue growth, indicating cost or pricing pressures
Revenue volatility: Quarterly revenue ranges ₹332–726 Cr reflects seasonality or lumpy demand patterns; verify business cycle predictability
Institutional investor reallocation: FII shareholding fell sharply from 5.78% (Mar 2026) to 2.93% (Jun 2026); verify reasons for exit
Commodity price sensitivity: Raw material costs fluctuate with precious metal prices; verify hedging practices and margin resilience

Generated analysis · source review pending

Growth drivers

Revenue momentum: 65% YoY growth (₹332.61 Cr to ₹548.49 Cr) — verify if driven by distribution expansion, volume growth, or category tailwinds
Margin recovery: Operating margin recovered to 8.92% (Jun 2026) from 6.1% (Dec 2025) — verify if operational improvements are structural or cyclical
Balance sheet flexibility: D/E of 0.26 provides debt capacity for growth investment — verify capex and distribution expansion strategy

Generated analysis · source review pending

254 historical price candles were omitted because the exchange source has not been verified.

₹221.3+2.5%1Y

Quick read

rule-based

Pros

+High return on capital employed of 23.3%
+Comfortable interest coverage of 21.2×
+High promoter holding of 74.8% with no pledge

Cons

−Thin operating margin of 7.1%

Research score

Structured signal from quality, growth, valuation and momentum.

72/100

Business quality: 61
Growth: 85
Valuation: 71

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Kalyan Jewellers India LimitedKALYANKJILKALYANKJIL	₹54,578 Cr	₹55,102 Cr	₹39,063 Cr	₹2,616 Cr	7%	₹1,435 Cr	3.8%	31.5%	24.3%	136
Lalithaa Jewellery Mart LimitedLALITHAALALITHAA	₹21,708 Cr	₹23,312 Cr	₹25,024 Cr	₹1,674 Cr	6.7%	₹1,010 Cr	4%	54.3%	41.6%	—
Thangamayil Jewellery LimitedTHANGAMAYLTHANGAMAYL	₹15,118 Cr	₹15,943 Cr	₹9,606 Cr	₹621 Cr	6.6%	₹391 Cr	4.1%	39.1%	27.9%	142
Sky Gold And Diamonds LimitedSKYGOLDSKYGOLD	₹12,557 Cr	₹13,426 Cr	₹7,176 Cr	₹520 Cr	6.9%	₹343 Cr	4.5%	45.9%	29.3%	77
Pc Jeweller LimitedPCJEWELLERPCJEWELLER	₹12,449 Cr	₹13,522 Cr	₹3,505 Cr	₹785 Cr	20%	₹775 Cr	21.3%	11.7%	9.9%	1,082
Bluestone Jewellery And Lifestyle LimitedBLUESTONEBLUESTONE	₹12,008 Cr	₹12,753 Cr	₹2,681 Cr	₹442 Cr	16%	₹56 Cr	0.5%	9.8%	1.1%	659
P N Gadgil Jewellers LimitedPNGJLPNGJL	₹7,897 Cr	₹9,477 Cr	₹11,438 Cr	₹669 Cr	5.7%	₹446 Cr	3.8%	34.3%	23.3%	121
Timex Group India LimitedTIMEXTIMEX	₹7,368 Cr	₹7,370 Cr	₹419 Cr	₹32 Cr	7.7%	₹21 Cr	5%	32.7%	29.4%	—
Ethos LimitedETHOSLTDETHOSLTD	₹6,785 Cr	₹6,786 Cr	₹1,728 Cr	₹223 Cr	12.9%	₹106 Cr	6%	10.4%	7.7%	180
Senco Gold LimitedSENCOSENCO	₹5,199 Cr	₹6,769 Cr	₹9,660 Cr	₹999 Cr	11.5%	₹571 Cr	6.8%	38%	25.6%	259
Kddl LimitedKDDLKDDL	₹4,811 Cr	₹4,967 Cr	₹2,322 Cr	₹335 Cr	14.3%	₹97 Cr	6.3%	11.9%	8.8%	192
D. P. Abhushan LimitedDPABHUSHANDPABHUSHAN	₹4,273 Cr	₹4,433 Cr	₹2,340 Cr	₹100 Cr	4.3%	₹62 Cr	2.6%	40.8%	29.4%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2026
Revenue	2,246
COGS	2,034
Gross profit	212
	53
	159
OPM %	7.1%
Depreciation	4
Interest	8
	5
Profit before tax	152
Tax	37
Tax %	24.1%
PAT	115
PAT margin %	5.1%
EPS (₹)	13.6
EPS adjusted (₹)	12

₹ Cr	Mar 2026
Equity capital	96
Reserves	581
	179
	35
Total equity & liabilities	892
	12
CWIP	0
Investments	30
	849
Total assets	892

₹ Cr	Mar 2026
	-282
	-103
	410
Net cash flow	25
Free cash flow	-290
CFO / Operating profit %	-177.5%

Return on equity

7 years: —
5 years: —
3 years: —
Last year: 17%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2026
Margins
Gross margin %	9.4%
EBITDA margin %	7.1%
EBIT margin %	6.9%
PAT margin %	5.1%
Working capital
Receivable days	38
Inventory days	79
Payable days	2
NWC days	116
Leverage
Current ratio	4
Debt to EBITDA	1.13
Debt to equity	0.26
Interest coverage	21.2
Asset turnover	2.52
Return ratios
Return on assets %	13%
Return on capital employed %	23.3%
Return on equity %	17%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.8%	74.8%	74.8%	74.8%	74.8%
	4.67%	3.95%	3.36%	5.78%	2.93%
	7.92%	3.8%	1.69%	1.53%	2.73%
Government	0%	0%	0%	0%	0%
	12.61%	17.45%	20.15%	17.89%	19.54%
No. of shareholders	—	40,853	27,403	26,679	26,966

Promoter holding up 0 percentage points since Jun 2025.

53 deals · 17 Sept 2025 – 22 Apr 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
22 Apr 2026	ARTHKUMBH VENTURES LLP	Bulk	NSE	Sell	6,45,000	₹201.94	₹13.03 Cr
22 Apr 2026	WIINANCE FINANCIAL SERVICES PRIVATE LIMITED	Bulk	NSE	Sell	6,00,000	₹202.07	₹12.12 Cr
22 Apr 2026	SUNDAR IYER	Bulk	NSE	Buy	5,00,000	₹201.00	₹10.05 Cr
21 Apr 2026	THAKKAR VARDHILAL SHIVRAMBHAI	Bulk	NSE	Sell	15,55,000	₹205.18	₹31.91 Cr
21 Apr 2026	ARTHKUMBH VENTURES LLP	Bulk	NSE	Buy	8,00,000	₹204.13	₹16.33 Cr
21 Apr 2026	WIINANCE FINANCIAL SERVICES PRIVATE LIMITED	Bulk	NSE	Buy	7,55,000	₹206.31	₹15.58 Cr
12 Feb 2026	NIVESH CONSULTANCY PRIVATE LIMITED	Bulk	NSE	Buy	4,92,610	₹240.45	₹11.84 Cr
12 Feb 2026	NIVESH CONSULTANCY PRIVATE LIMITED	Bulk	NSE	Sell	4,73,971	₹240.49	₹11.40 Cr
9 Feb 2026	SHARE INDIA SECURITIES LIMITED	Bulk	NSE	Sell	8,57,358	₹229.54	₹19.68 Cr
9 Feb 2026	SHARE INDIA SECURITIES LIMITED	Bulk	NSE	Buy	8,57,358	₹234.39	₹20.10 Cr

1–10 of 53

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Mr. Chetan N ThadeshwarExecutive Director-Chairperson related to Promoter-MD
Mr. Viraj C ThadeshwarExecutive Director-CEO
Mr. Balraj C ThadeshwarExecutive Director
Mrs. Mamta C ThadeshwarNon-Executive - Non Independent Director
Mr. RadhamanalanNon-Executive - Independent Director
Mr. Nitesh Mahendra KothariNon-Executive - Independent Director
Mr. Anilkumar Mohanraj MarlechaNon-Executive - Independent Director
Mrs. Ruchika AgarwalNon-Executive - Independent Director
Rachit S SinhaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Shringar House Of Mangalsutra Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results12 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

11 announcementsExport CSV

18 Aug 2026, 12:20 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

14 Aug 2026, 1:53 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Jul 2026, 6:18 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

Date	Category	Subject	Filing
18 Aug 2026, 12:20 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
14 Aug 2026, 1:53 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

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Shringar House Of Mangalsutra Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Announcements

Ratio timeline

Board meetings1

Not in the F&O segment

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

1

1