BSE: 544635
Luxury Time Limited
Retails luxury watches in India from a Delhi base, with FY26 revenue of ₹59.99 crore on total assets of ₹48.02 crore. The business operates physical outlets selling premium timepieces directly to consumers. The company completed an IPO on the BSE SME platform in December 2025, raising ₹18.73 crore, of which ₹2.82 crore is earmarked for four new retail outlets, ₹9 crore for working capital and ₹1.43 crore for general corporate purposes. Other operating expenses make up the largest disclosed cost line at 22.4% of revenue, followed by employee costs at 3.9%. Trade receivables stood at ₹1,148 lakhs at FY26 end, reflecting a portion of sales made on credit. Promoted by Ashok Goel, the company trades under BSE scrip code 544635. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Luxury watch retailing. Small-cap, store-based retail of premium watches
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 60 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 7.91 |
| ROE % · ROCE % | — · 20.2 |
| Debt / equity (x) | — |
| Cash from operations | 1 |
| Capex | (0) |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q4 FY26 |
|---|---|
| Revenue | 35 |
| Profit before tax | 4 |
| Net profit | — |
| EPS (₹) | 4.06 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| Khazanchi Jewellers Limited | 1,826 | 12.9 | 5.71 | — | 28.0 | 37.7 | — | 6.8 |
| PNGS GARGI FASHION JEWELLERY L | 607 | 12.8 | 4.28 | — | 22.1 | 27.0 | — | 30.4 |
| UDAY JEWELLERY INDS. LTD. | 517 | 19.6 | 2.49 | — | 17.2 | 23.1 | — | 8.3 |
| KD GREEN INDUSTRIES LTD | 301 | 19.2 | 4.19 | 33.5 | 7.0 | 8.6 | — | 16.5 |
| GOLKUNDA DIAMONDS & JEWELLERY | 224 | 16.4 | 2.79 | — | 17.1 | 20.7 | — | 9.0 |
| AJC Jewel Manufacturers Limite | 189 | 45.3 | — | — | — | 28.7 | — | — |
| Ashapuri Gold Ornament Limited | 148 | 7.2 | 0.89 | — | 11.1 | 15.0 | — | 11.4 |
| Patdiam Jewellery Limited | 140 | 7.5 | — | — | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.6 | 12.9 | 32 of 54 | 42% |
| ROCE | 19.1 | 3.9 | 12 of 52 | 78% |
| Market cap | 52 | 26 | 17 of 54 | 70% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 21 Sept 2026 · Luxury Time 18th AGM held - 3 ordinary resolutions transacted | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Postal ballot ads filed for IPO proceeds reallocation | compliance | minimal | — | — |
| 26 Aug 2026 · Luxury Time Postal Ballot to Vary IPO Objects | board shareholder meetings | low | — | — |
| 20 Aug 2026 · Luxury Time publishes notice for 18th AGM and e-voting | compliance | minimal | — | — |
| 19 Aug 2026 · 18th AGM of Luxury Time Limited to be held on September 21, 2026 | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Luxury Time files FY26 annual report and 18th AGM notice | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Board adopts revised Whistle Blower Policy | compliance | low | — | — |
| 14 Aug 2026 · Board adopts revised Corporate Social Responsibility Policy | general | low | — | — |
| 14 Aug 2026 · No deviation in use of IPO proceeds for quarter ended June 2026 | compliance | minimal | — | — |
| 14 Aug 2026 · IPO Monitoring Agency Report for Q1 FY27, no deviation from objects | fund raising | medium | — | — |
How to read this document
| 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 |
Sources, method and disclosures
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.