As per attached pdf
SHRINGARMS · price
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Shringar House of Mangalsutra reported strong FY26 results with revenue growing 57% to ₹22,458 million from ₹14,298 million in FY25. Net profit jumped 89% to ₹1,155 million from ₹611 million. EPS improved to ₹13.55 from ₹8.57. The company completed its IPO in September 2025, raising ₹4,005 million by issuing 2.43 crore shares at ₹165 each. Working capital needs surged significantly as inventories rose by ₹2,114 million and trade receivables by ₹1,506 million, leading to negative operating cash flow of ₹2,817 million. Auditors TR Chadha & Co issued an unmodified opinion confirming clean financials.
The stock shows excellent growth metrics with 57% revenue and 89% PAT growth post-IPO. However, investors should note the significant negative operating cash flow driven by inventory and receivable buildup, which is typical for a fast-growing jewellery company but warrants monitoring.