Sells jewellery (ornaments) and engages in share trading from a Delhi-registered office, listed on BSE under the Gems, Jewellery and Watches industry. The jewellery (ornaments) segment is the primary revenue driver, while the fabric segment is now inactive and reported zero revenue across recent quarters. In FY26 (year ended March 2026), the company reported revenue of Rs. 22.35 crore and net profit of Rs. 1.98 crore, with an EBITDA margin of 12.42%. Q1 FY27 standalone revenue from operations rose to Rs. 698.88 lakhs from Rs. 208.70 lakhs in the year-ago quarter, with jewellery continuing to dominate. Quarterly jewellery segment revenue was Rs. 716.31 lakhs in Q2 FY26 and Rs. 781.75 lakhs in Q3 FY26. The company is virtually debt-free, with borrowings reduced to nil from Rs. 21.36 lakhs during FY26, though trade receivables jumped to Rs. 343.86 lakhs. Cost structure per the facts shows employee costs at 0.6% of revenue, other operating expenses at 2.8%, and depreciation at 0.5%, with materials not separately disclosed. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Jewellery (Ornaments), Share Trading, Fabric. Small BSE-listed jewellery trading and share trading business with minimal fixed costs
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 18 | 14 | 4 | 5 | 22 |
| EBITDA (ex other income) | (0) | (1) | 0 | 0 | 2 |
| margin % | (2.4) | (4.5) | 5.5 | 4.9 | 10.8 |
| Owners' profit | 0 | (0) | 0 | 0 | 2 |
| EPS, as reported (₹) | 0.01 | (0.31) | 0.18 | 0.23 | 1.37 |
| ROE % · ROCE % | 0.0 · (1.8) | (2.1) · (2.4) | 1.2 · 1.7 | 1.5 · 2.0 | 8.1 · 10.0 |
| Debt / equity (x) | 0.01 | 0.02 | 0.00 | 0.01 | 0.00 |
| Cash from operations | (0) | 0 | 0 | (1) | (0) |
| Capex | (0) | (0) | — | 0 | (0) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 2 | 9 | 8 | 3 | 7 |
| Profit before tax | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| EPS (₹) | 0.10 | 0.03 | 0.09 | 0.13 | 0.32 | 0.44 | 0.48 | 0.11 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| JEWELLERY (ORNAMENTS) | 6 | 24.6 |
| SHARE TRADING | 2 | 8.2 |
| JEWELLERY | 15 | 67.2 |
| Total, before eliminations | 22 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| Khazanchi Jewellers Limited | 1,868 | 13.2 | 5.85 | — | 28.0 | 37.7 | — | 6.8 |
| PNGS GARGI FASHION JEWELLERY L |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 6 Sept 2026 · Newspaper advertisement for 12th AGM notice dispatch | compliance | minimal | — | — |
| 5 Sept 2026 · Mishka Exim completes dispatch of 12th AGM notice and Annual Report | compliance | minimal | — | — |
| 5 Sept 2026 · AGM on Sep 30, FY26 annual report web-link shared with shareholders | compliance | minimal | — | — |
| 4 Sept 2026 · Statutory Auditor Gaur & Associates Reappointed for Five Years | management changes | medium | — | — |
| 4 Sept 2026 · Mishka Exim 12th AGM on 30 Sep 2026; book closure from 24 Sep | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Mishka Exim submits FY25-26 Annual Report; AGM on September 30, 2026 | board shareholder meetings | medium | — | — |
| 4 Sept 2026 · 12th AGM notice on Sept 30, 2026 with 8 resolutions including RPTs | board shareholder meetings | low | — | — |
| 4 Sept 2026 · 12th AGM on Sep 30, 2026; director, auditor and RPT resolutions | board shareholder meetings | low | — | — |
| 28 Jul 2026 · Independent Director Rajneesh Kumar Garg resigns effective July 27, 2026 | management changes | medium | — | — |
| 28 Jul 2026 · Mishka Exim publishes Q1 FY27 unaudited results in newspapers | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 635 |
| 13.4 |
| 4.47 |
| — |
| 22.1 |
| 27.0 |
| — |
| 30.4 |
| UDAY JEWELLERY INDS. LTD. | 584 | 22.1 | 2.82 | — | 17.2 | 23.1 | — | 8.3 |
| KD GREEN INDUSTRIES LTD | 285 | 18.1 | 3.97 | 31.8 | 7.0 | 8.6 | — | 16.5 |
| GOLKUNDA DIAMONDS & JEWELLERY | 230 | 16.8 | 2.87 | — | 17.1 | 20.7 | — | 9.0 |
| AJC Jewel Manufacturers Limite | 164 | 39.2 | — | — | — | 28.7 | — | — |
| Ashapuri Gold Ornament Limited | 152 | 7.3 | 0.91 | — | 11.1 | 15.0 | — | 11.4 |
| Patdiam Jewellery Limited | 140 | 7.5 | — | — | — | — | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 31.9 | 13.3 | 44 of 54 | 19% |
| P/B | 2.5 | 0.9 | 26 of 37 | 31% |
| ROCE | 9.9 | 3.9 | 19 of 52 | 65% |
| ROE | 8.1 | 2.5 | 14 of 40 | 67% |
| Debt / Equity | 0.0 | 0.1 | 14 of 40 | 67% |
| EBITDA margin | 3.6 | 6.8 | 21 of 35 | 41% |
| Revenue growth | 234.9 | 13.8 | 3 of 36 | 94% |
| Profit growth | (12.3) | 1.4 | 19 of 34 | 46% |
| Market cap | 62 | 27 | 13 of 54 | 77% |
| 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.
