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) | 7 |
| margin % | 12.0 |
| 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 2 quarters
| ₹ crore | Q4 FY26 | Q2 FY27 |
|---|---|---|
| Revenue | 35 | 33 |
| Profit before tax | 4 | 4 |
| Net profit | — | — |
| EPS (₹) | 4.06 | 3.73 |
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 LTD | 1,767 | 12.4 | 5.53 | — | 28.0 | 37.7 | — | 6.7 |
| UDAY JEWELLERY INDS. LTD. | 712 | 26.9 | 3.43 | — | 17.2 | 23.1 | — | 6.6 |
| PNGS GARGI FASHION JEWELLERY L | 561 | 11.9 | 3.56 | — | — | — | — | 23.8 |
| KD GREEN INDUSTRIES LTD | 273 | 17.3 | 3.79 | 35.5 | 7.0 | 8.6 | — | 15.9 |
| GOLKUNDA DIAMONDS & JEWELLERY | 260 | 38.3 | 2.73 | — | 12.5 | 15.3 | — | 11.2 |
| AJC Jewel Manufacturers Limite | 209 | 50.1 | — | — | — | 28.7 | — | 4.4 |
| ASHAPURI GOLD ORNAMENT L | 200 | 10.2 | 1.11 | — | 7.0 | 9.4 | — | 12.2 |
| Patdiam Jewellery Limited | 147 | 8.8 | — | — | — | 24.6 | — | 8.9 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.9 | 11.9 | 18 of 45 | 61% |
| EBITDA margin | 9.7 | 2.3 | 11 of 46 | 78% |
| Market cap | 57 | 25 | 17 of 54 | 70% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 3 Nov 2026 · Muhammad Akaram appointed Chief Financial Officer and KMP | management changes | high | — | — |
| 3 Nov 2026 · Luxury Time Limited appoints Muhammad Akaram as CFO and KMP | management changes | high | — | — |
| 3 Nov 2026 · Shareholders revise IPO fund allocation; no proceeds used yet | compliance | minimal | — | — |
| 3 Nov 2026 · Most share issue proceeds remain unspent after approved reallocation | credit debt | medium | — | — |
| 3 Nov 2026 · Board approves September 2026 results, revises director pay and changes CFO | fund raising | medium | — | — |
| 29 Oct 2026 · Board to approve half-year results and appoint a new CFO | results | low | — | — |
| 22 Oct 2026 · CFO Ms. Kanika Gupta resigns from Luxury Time, effective Nov 2 2026 | management changes | high | — | — |
| 5 Oct 2026 · Final compounding order from MCA for non-filing of JV financials; no company fee | regulatory legal | high | — | — |
| 28 Sept 2026 · Compounding order closed; directors paid fee, no impact on company | regulatory legal | high | — | — |
| 28 Sept 2026 · Shareholders approve change in IPO proceeds usage via Postal Ballot | capital market events | 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.