NSE: AURUS · BSE: 534532
AURUS GEM CORP LIMITED
Sells gems and jewellery in India and is classified under the Gems Jewellery And Watches basic industry. FY26 revenue from operations was Rs 14.72 crore, down 11.8% from Rs 16.69 crore in FY25, and the company swung to a Rs 1.73 crore net profit from a Rs 15.17 crore loss, with the prior-year loss driven largely by a Rs 1,524 lakh write-off of bad debts. The cost structure is dominated by materials at 100.6% of revenue, with employees at 0.6% of revenue and other operating expenses at 0.5% of revenue, indicating that the business resells gems and jewellery rather than manufacturing in-house. The company is headquartered in Gujarat and underwent a name change from Lypsa Gems & Jewellery Limited to Aurus Gem Corporation Limited, effective July 14, 2026. The balance sheet shows accumulated losses of Rs 11.31 crore sitting in other equity, current borrowings of Rs 14.35 crore, trade payables of Rs 35.19 crore, and cash reserves of Rs 0.12 lakh. A subsidiary was dissolved effective March 29, 2024, and the company has confirmed it does not meet SEBI's criteria to be classified as a Large Corporate. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Gems and Jewellery. Small, thin-margin gems and jewellery reseller with a historically loss-making balance sheet.
Exhibit 1: Financial summary, FY21–FY25 (all audited; no estimate years)
| ₹ crore · consolidated | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 8 | 14 | 13 | 9 | 17 |
| EBITDA (ex other income) | (26) | 0 | (44) | (32) | (15) |
| margin % | (304.0) | 1.1 | (332.1) | (341.9) | (89.8) |
| Owners' profit | 0 | (0) | (44) | 0 | 0 |
| EPS, as reported (₹) | (8.79) | (0.03) | (14.96) | (11.09) | (5.15) |
| ROE % · ROCE % | (26.0) · (25.9) | (0.1) · (0.1) | (69.0) · (68.6) | (103.2) · (102.0) | (92.0) · (90.4) |
| Debt / equity (x) | 0.21 | 0.00 | 0.00 | 0.00 | 0.79 |
| Cash from operations | (0) | 7 | 7 | (0) | (7) |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q4 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8 | 2 | 4 | 0 | 3 | 1 | 3 | 7 |
| Profit before tax | (44) | 0 | 0 | 0 | (33) | 0 | 0 | (15) |
| Net profit | (44) | 0 | 0 | 0 | (33) | 0 | 0 | (15) |
| EPS (₹) | (15.00) | 0.00 | 0.00 | 0.00 | (11.10) | 0.03 | 0.00 | (5.18) |
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. % |
|---|---|---|---|---|---|---|---|---|
| TITAN COMPANY LIMITED | 3,91,200 | 68.2 | 24.91 | 45.6 | 32.3 | 32.7 | 32.3 | 14.2 |
| KALYAN JEWELLERS IND LTD | 57,203 | 39.9 | 9.07 | 21.6 | 21.4 | 22.1 | 33.0 | 6.5 |
| THANGAMAYIL JEWELLERY LTD | 15,161 | 38.8 | 10.71 | — | 24.8 | 30.3 | — | 5.4 |
| PC JEWELLER LTD | 14,352 | 14.9 | 1.76 | 17.6 | 8.7 | 8.6 | 3.5 | 27.8 |
| SKY GOLD AND DIAMONDS LTD | 14,217 | 42.3 | 11.79 | 32.0 | 23.4 | 29.8 | — | 8.2 |
| BLUESTONE JEWEL LFSTL LTD | 12,421 | 244.7 | 6.89 | 29.7 | 0.7 | 0.7 | — | 16.7 |
| P N GADGIL JEWELLERS LTD | 8,129 | 18.2 | 4.14 | 13.8 | 20.9 | 26.1 | — | 8.0 |
| TIMEX GROUP INDIA LTD. | 7,312 | 99.3 | 65.71 | — | 67.8 | 61.8 | — | 16.5 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.8 | 2.9 | 4 of 28 | 89% |
| ROCE | (90.4) | 16.7 | 28 of 28 | 0% |
| ROE | (92.0) | 14.6 | 28 of 28 | 0% |
| Debt / Equity | 0.8 | 0.3 | 25 of 28 | 11% |
| EBITDA margin | (231.8) | 10.7 | 30 of 30 | 0% |
| Revenue growth | 1394.9 | 45.7 | 1 of 25 | 100% |
| Profit growth | (128487.4) | 49.8 | 25 of 25 | 0% |
| Market cap | 13 | 3065 | 30 of 30 | 0% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 1 Oct 2026 · AGM 2026 voting results: financial statements and director re-appointment approved | board shareholder meetings | low | — | — |
| 29 Sept 2026 · 31st AGM of Aurus Gem Corporation held on Sept 29, 2026 | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading Window Closure for Q2 FY27 Results | compliance | minimal | — | — |
| 9 Sept 2026 · Newspaper publication of 31st AGM notice with e-voting details | compliance | minimal | — | — |
| 8 Sept 2026 · Aurus Gem Corp 31st AGM Notice scheduled for September 29, 2026 via Video Conferencing | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Notice of 31st AGM on September 29, 2026 via Video Conferencing | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Notice of 31st AGM on September 29, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Annual Report FY 2025-26 | compliance | low | — | — |
| 5 Sept 2026 · 31st AGM on Sept 20, 2026 via VC; book closure Sept 23-29 | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Board meeting on Sept 5 to consider AGM-related items | board shareholder meetings | low | — | — |
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.