Operates as a jeweller, selling jewellery products to buyers. Revenue was 883.83 crore in FY26 against a total asset base of 82.0087 crore, indicating an asset-light operating model. The cost structure is dominated by materials at 98.5% of revenue, with employee costs and other operating expenses each at 0.1% of revenue. Capital expenditure was 0.0% of revenue, pointing to negligible reinvestment in fixed assets. The very high materials intensity combined with minimal staff and overhead costs is consistent with a jewellery trading business rather than a manufacturing one. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Jewellery sales. Asset-light, materials-intensive jewellery trading model
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 359 | 884 |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | — | — |
| EPS, as reported (₹) | 5.79 | 5.46 |
| ROE % · ROCE % | — · 20.4 | — · 21.6 |
| Debt / equity (x) | — | — |
| Cash from operations | 1 | (32) |
| Capex | (0) | (0) |
| ₹ crore | Q4 FY25 | Q2 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Revenue | 223 | 500 | 383 | 195 |
| Profit before tax | 4 | 4 | 5 | 1 |
| Net profit | — | 3 | — | 1 |
| EPS (₹) | 3.16 | 4.77 | 3.07 | 0.72 |
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| 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 | 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.
