About

S. M. Gold Ltd operates in Gems, Jewellery And Watches within the Consumer Discretionary sector.

Face value: ₹10

Market cap

₹17 Cr

P/E

10.8×

P/B

0.5×

Dividend yield

0%

ROE

5.4%

ROCE

8.9%

Debt / equity

0.45

OPM

1.7%

EPS (TTM)

₹1.2

Book value

₹26.4

52-week high

₹20.2

52-week low

₹10.7

₹12.8-14.1%1Y

Beta

1.56

Amplifies index moves

Volatility (1y)

52.2%

Annualised, daily returns

RSI (14)

56.2

Neither overbought nor oversold

Rel. strength (1y)

-24.3%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Profit CAGR of 20.8% over the last 5 years
+Revenue CAGR of 36.1% over the last 5 years

Cons

−Low return on equity of 4.7% (3-yr avg)
−Thin operating margin of 1.7%

Research score

Structured signal from quality, growth, valuation and momentum.

57/100

Business quality: 23
Growth: 86
Valuation: 90
Momentum

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 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	33	51	51	62	88	156
COGS	32	49	49	59	84	149
Gross profit	1	2	2	3	3	7
	1	1	1	2	2	4
	1	1	1	1	1	3
OPM %	2.1%	1.3%	1.4%	2.3%	1.5%	1.7%
Depreciation	0	0	0	0	0	0
Interest	0	0	0	1	1	1
	0	2	1	1	0	0
Profit before tax	1	2	1	1	1	2
Tax	0	0	0	0	0	0
Tax %	13%	10.6%	24.7%	11.1%	19.7%	21.9%
	1	2	1	1	1	2
PAT margin %	1.8%	3.3%	2.1%	1.9%	0.7%	1%
EPS (₹)	0.6	1.7	1.1	6	0.6	1.2
EPS adjusted (₹)	—	1.7	1.1	1.2	0.6	1.2
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	—	10	10	10	10	13
Reserves	—	5	6	12	13	22
	—	9	13	17	16	16
	18	0	2	1	1	2
Total equity & liabilities	18	24	32	40	40	52
	—	0	0	0	0	0
CWIP	—	—	—	—	0	0
Investments	3	3	3	6	6	10
	15	22	28	34	34	42
Total assets	18	24	32	40	40	52

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	5	-0	3	-1	1	-5
	-1	0	-1	-5	-0	-4
	-4	-0	-1	6	-1	10
Net cash flow	0	-0	1	0	0	1
Free cash flow	5	-0	3	-1	1	-5
CFO / Operating profit %	707%	-11.8%	382.9%	-52.1%	57.6%	-194.7%

Compounded sales growth

7 years: —
5 years: 36%
3 years: 45%
1 year: 78%

Compounded profit growth

7 years: —
5 years: 21%
3 years: 14%
1 year: 175%

Stock price CAGR

10 years: —
5 years: -39%
3 years: -7%
1 year: -16%

Return on equity

7 years

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Ratios

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

Standalone figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	4.5%	3.8%	4.1%	4.9%	3.8%	4.4%
EBITDA margin %	2.1%	1.3%	1.4%	2.3%	1.5%	1.7%
EBIT margin %	2%	1.3%	1.3%	2.2%	1.5%	1.7%
PAT margin %	1.8%	3.3%	2.1%	1.9%	0.7%	1%
Working capital
Receivable days	—	1	4	1	1	0
Inventory days	164	157	200	200	138	93
Payable days	—	0	12	0	0	0
NWC days	—	158	193	200	139	93
Leverage
Current ratio	3.2	75.03	1.83	1.94	2	2.51
Debt to EBITDA	—	13.12	19.03	11.92	12.37	5.99
Debt to equity	—	0.59	0.82	0.77	0.72	0.45
Interest coverage	2.7	6.3	4	2.3	2	4.3
Asset turnover	1.83	2.1	1.61	1.55	2.19	2.99
Return ratios
Return on assets %	3.3%	6.9%	3.4%	3%	1.4%	3%
Return on capital employed %	8.3%	12%	9.4%	12.2%	6.2%	8.9%
Return on equity %	—	11.1%	6.6%	5.4%	2.5%	4.5%

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 (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44.72%	44.72%	44.72%	44.72%	44.72%	44.72%	44.72%	33.91%	33.91%	33.91%	33.91%	33.91%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	55.28%	55.28%	55.28%	55.28%	55.28%	55.28%	55.28%	66.09%	66.09%	66.09%	66.09%	66.09%
No. of shareholders	—	—	—	—	—	—	—	—	16,153	16,025	16,245	16,104

Promoter holding down 10.81 percentage points since Sep 2023.

118 deals · 9 Aug 2021 – 19 May 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
19 May 2026	MATHACHAN KURUDEMPARAYIL ABRAHAM	Bulk	BSE	Buy	82,911	₹12.53	₹0.10 Cr
14 Jan 2026	AKASH GOYAL	Bulk	BSE	Sell	78,453	₹19.42	₹0.15 Cr
14 Jan 2026	AKASH GOYAL	Bulk	BSE	Buy	78,453	₹19.60	₹0.15 Cr
14 Jan 2026	NK SECURITIES RESEARCH PVT. LTD.	Bulk	BSE	Sell	66,612	₹19.36	₹0.13 Cr
14 Jan 2026	NK SECURITIES RESEARCH PVT. LTD.	Bulk	BSE	Buy	66,612	₹19.25	₹0.13 Cr
2 Dec 2024	RAJENDRA PRASAD GUPTA	Bulk	BSE	Sell	1,09,346	₹17.49	₹0.19 Cr
26 Nov 2024	SAKTHIDHARAN	Bulk	BSE	Sell	52,372	₹18.61	₹0.10 Cr
26 Sept 2024	PRUDHVI PEELA	Bulk	BSE	Sell	94,200	₹38.76	₹0.37 Cr
23 Sept 2024	RAFEEKMOHAMMAD	Bulk	BSE	Sell	74,000	₹32.77	₹0.24 Cr
20 Sept 2024	RAFEEKMOHAMMAD	Bulk	BSE	Buy	74,000	₹31.07	₹0.23 Cr

1–10 of 118

1 / 12

Mr. GANPATBHAI BABUBHAI NAYINon-Executive - Independent Director-Chairperson
Mr. PRIYANK SURESHKUMAR SHAHExecutive Director
Mrs. NITABEN SURESHKUMAR SHAHNon-Executive - Non Independent Director
Mr. PULKITKUMAR SURESHBHAI SHAHExecutive Director-MD
Mr. GIRISHCHANDRA MADHAVLAL PATELNon-Executive - Independent Director
Mr. JAGDISHKUMAR JIVATLAL LOLADIYANon-Executive - Independent Director

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 S. M. Gold Ltd. 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

30

Annual reports

8

Documents link to external sources (exchange filings, company investor pages).

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Events

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

1

Board meeting to consider results8 Aug 2026

1

Bonus 1:28 Oct 2020 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

22 announcementsExport CSV

3 Oct 2026, 5:03 pmCompany Update

Clarification On Significant Movement In The Price Of Security

General PDF

29 Sept 2026, 7:26 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

29 Sept 2026, 7:24 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

29 Sept 2026, 7:22 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

29 Sept 2026, 6:41 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

22 Sept 2026, 5:13 pmCompany Update

Clarification sought from S. M. Gold Ltd

Clarification

19 Sept 2026, 6:44 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

4 Sept 2026, 6:11 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
3 Oct 2026, 5:03 pm	Company Update General	Clarification On Significant Movement In The Price Of Security	PDF
29 Sept 2026, 7:26 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management

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S. M. Gold Ltd

S. M. Gold Ltd

About

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

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

Annual reports

Events

Board meetings1

Bonus issues1

Announcements

No fund holdings on record

Not in the F&O segment

Board meetings1

Bonus issues1

Ratio timeline

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

1

1

1

1