As per the attached pdf
SHRINGARMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shringar House of Mangalsutra reported strong FY26 results with revenue of Rs 2,245.8 crores, up 57.1% YoY, driven by 15% volume growth alongside elevated gold prices. PAT surged 89% to Rs 115.5 crores with EBITDA at Rs 158.7 crores (72% growth). The company expanded manufacturing capacity from 2,500 kgs to 4,000 kgs and entered the bridal jewellery segment through partnerships with Tanishq and Malabar Gold. Management maintained guidance of approximately 30% growth over the next two to three years. However, the company faced negative operating cash flow due to working capital requirements as it transitions from job work (30% of business) to outright sales model with major corporate clients like Tata, Birla, and Reliance.
The strong 89% PAT growth and margin expansion demonstrate operational efficiency gains, but negative operating cash flow remains a concern that management expects to address within two quarters by shifting toward organized corporate clients with better payment discipline.