Trades in precious metals - gold, silver and jewellery - with FY26 revenue from operations of Rs. 84.7527 crore, more than double the prior year's level. Materials make up 16% of revenue, while employee and other operating costs are negligible. The business holds bullion as inventory and is listed on the BSE SME platform. Material related-party transactions for sale and purchase of goods are approved with promoter-group entities Amanaya Precious Metals LLP (India) and Rawaat Al Dewan Gold & Jewellery Trading LLC (UAE), each capped at Rs. 100 crore per annum for FY26 through FY28. The company is also raising up to Rs. 3 crore of secured non-convertible debentures backed by its bullion inventory at a 1.25x MCX-based cover. The current balance sheet is zero-debt and EBITDA margin is 0.39%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Precious metals and jewellery trading. BSE SME-listed precious metals trader with negligible fixed costs and inventory-backed funding
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 11 | 31 | 40 | 85 |
| EBITDA (ex other income) | 0 | 0 | 0 | 0 |
| margin % | 1.1 | 0.4 | 1.0 | 0.4 |
| Owners' profit | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 0.30 | 0.26 | 0.78 | 0.57 |
| ROE % · ROCE % | 1.6 · 2.2 | 1.9 · 2.6 | 5.5 · 7.6 | 3.8 · 5.4 |
| Debt / equity (x) | 0.01 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (1) | (2) | 0 | (1) |
| Capex | (0) | (0) | (0) | (0) |
| ₹ crore | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 5 | 18 | 13 | 19 | 20 | 15 | 70 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.13 | 0.17 | 0.09 | 0.72 | 0.06 | 0.46 | 0.11 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DECCAN GOLD MINES LTD. | 4,546 | 54.3 | 9.17 | — | (13.0) | (15.4) | — | (218.7) |
| Nanavati Ventures Limited | 36 | 119.0 | — | — | — | 0.7 | — | — |
| SPARKLE GOLD ROCK LIMITED | 31 | 7.5 | 5.87 | — | 78.6 | 99.4 | — | 7.9 |
| UTIQUE ENTERPRISES LIMITED | 22 | 6.0 | 0.94 | (2.4) | 2.9 | 1.7 | — | — |
| AMANAYA VENTURES LIMITED ◆ | 5 | 10.4 | 0.95 | — | 3.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 29 Aug 2026 · 17th AGM Voting Results - All 5 Resolutions Passed | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Amanaya Ventures 17th AGM proceedings: five resolutions passed | board shareholder meetings | low | — | — |
| 5 Aug 2026 · Newspaper publication of 17th AGM notice, book closure and e-voting info | compliance | minimal | — | — |
| 5 Aug 2026 · Book closure set Aug 22 to 28 for Amanaya Ventures 17th AGM | board shareholder meetings | low | — | — |
| 31 Jul 2026 · 17th AGM on Aug 28, 2026; FY25-26 annual report filed | board shareholder meetings | low | — | — |
| 24 Jul 2026 · Board approves NCD issue of up to Rs 3 crore at 12 percent coupon via private placement | fund raising | medium | — | — |
| 18 Jul 2026 · Board meeting on 24 Jul to consider NCD private placement | fund raising | medium | — | — |
| 16 Jul 2026 · RTA certificate under SEBI Reg 74(5) for Q1 FY27 | compliance | minimal | — | — |
| 8 Jul 2026 · Promoter group buys 2.25% stake in open market, holding rises to 42.87% | ownership changes | medium | — | — |
| 7 Jul 2026 · Promoters buy 84,000 shares via open market, holding rises to 42.87% | ownership changes | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 5.2 |
| — |
| 0.1 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 10.4 | 17.0 | 7 of 24 | 74% |
| P/B | 0.9 | 3.1 | 5 of 20 | 79% |
| ROCE | 5.2 | 7.8 | 15 of 24 | 39% |
| ROE | 3.8 | 7.6 | 14 of 20 | 32% |
| Debt / Equity | 0.0 | 0.4 | 1 of 20 | 84% |
| EBITDA margin | 0.1 | 6.8 | 15 of 19 | 22% |
| Revenue growth | 431.7 | 13.6 | 3 of 21 | 90% |
| Profit growth | 32.7 | 55.9 | 13 of 20 | 37% |
| Market cap | 5 | 254 | 24 of 24 | 0% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
