Sells gold and diamond jewellery through retail showrooms in India. Revenue in FY26 was ₹489.54 crore, with net profit of ₹63.71 crore and an EBITDA margin of 18.99%. The disclosed cost shape lists materials at 9.3% of revenue, employee costs at 2.4%, other operating expenses at 2.2%, and depreciation and capex each at 0.4%. The business is expanding its retail network, having signed an MoU to develop a new jewellery showroom in Udaipur, Rajasthan, to be built by a related-party partnership firm and leased back to the company on mutually agreed terms. Filings do not break out segment-level revenue, and the pack does not state store count, store geography, or gold-stock tonnage. Capital structure activity in FY26 included a ₹170 crore preferential issue of fully convertible warrants allotted in October 2024, of which 82.7 lakh of 1 crore warrants lapsed in April 2026 after holders did not pay the exercise price, with the company forfeiting the upfront amount. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Retail jewellery sales. Inventory-heavy retail jewellery; working-capital intensive
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 417 | 462 | 490 |
| EBITDA (ex other income) | 63 | 68 | 87 |
| margin % | 15.1 | 14.8 | 17.7 |
| Owners' profit | 32 | 43 | 64 |
| EPS, as reported (₹) | 4.30 | 0.44 | 0.65 |
| ROE % · ROCE % | 9.8 · 18.3 | 10.4 · 15.9 | 12.8 · 18.0 |
| Debt / equity (x) | 0.33 | 0.17 | 0.08 |
| Cash from operations | (53) | (23) | 27 |
| Capex | (2) | (0) | (2) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 109 | 145 | 119 | 87 | 90 | 175 | 137 | 107 |
| Profit before tax | 15 | 21 | 15 | 11 | 29 | 34 | 11 | 15 |
| Net profit | 10 | 15 | 11 | 8 | 21 | 26 | 8 | 11 |
| EPS (₹) | 1.06 | 0.25 | 0.11 | 0.08 | 0.22 | 0.26 | 0.08 | 0.11 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TITAN COMPANY LIMITED | 4,44,743 | 77.5 | 28.32 | 51.7 | 32.3 | 32.7 | 32.3 | 14.2 |
| KALYAN JEWELLERS IND LTD | 62,083 | 43.3 | 9.84 | 23.4 | 21.4 | 22.1 | 33.0 | 6.5 |
| THANGAMAYIL JEWELLERY LTD | 15,910 | 40.7 | 11.24 | — | 24.8 | 30.3 | — | 5.4 |
| BLUESTONE JEWEL LFSTL LTD | 13,640 | 268.8 | 7.57 | 32.5 | 0.7 | 0.7 | — | 16.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · Notice of 15th AGM and e-voting info published in newspapers | compliance | minimal | — | — |
| 4 Sept 2026 · Book closure from 22 Sep to 28 Sep for 15th AGM | compliance | minimal | — | — |
| 4 Sept 2026 · 15th AGM notice and FY26 Annual Report dispatch to shareholders | compliance | minimal | — | — |
| 4 Sept 2026 · Notice of 15th AGM along with Annual Report for FY 2025-26 | board shareholder meetings | medium | — | — |
| 4 Sept 2026 · Notice of 15th AGM and FY26 Annual Report filed | board shareholder meetings | medium | — | — |
| 2 Sept 2026 · Motisons Jewellers 15th AGM notice published in newspapers | compliance | minimal | — | — |
| 1 Sept 2026 · Board approves new auditor, re-appoints 3 independent directors, fixes AGM date | management changes | medium | — | — |
| 1 Sept 2026 · Board approves new auditor, re-appoints 3 independent directors | management changes | medium | — | — |
| 1 Sept 2026 · Board approves new auditor, re-appoints 3 independent directors | management changes | medium | — | — |
| 1 Sept 2026 · Board approves new auditor, re-appoints 3 independent directors, fixes AGM date | management changes | medium | — | — |
| 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 |
| PC JEWELLER LTD | 13,342 | 13.9 | 1.63 | 16.5 | 8.7 | 8.6 | 3.5 | 27.8 |
| SKY GOLD AND DIAMONDS LTD | 12,822 | 38.2 | 10.63 | 29.1 | 23.4 | 29.8 | — | 8.2 |
| P N GADGIL JEWELLERS LTD | 8,307 | 18.6 | 4.23 | 14.1 | 20.9 | 26.1 | — | 8.0 |
| ETHOS LIMITED | 7,118 | 67.7 | 4.28 | 27.7 | 5.8 | 7.0 | — | 16.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 23.9 | 23.4 | 16 of 29 | 46% |
| P/B | 3.6 | 2.8 | 18 of 28 | 37% |
| ROCE | 16.8 | 16.7 | 14 of 28 | 52% |
| ROE | 12.8 | 14.6 | 16 of 28 | 44% |
| Debt / Equity | 0.1 | 0.3 | 5 of 28 | 85% |
| EBITDA margin | 15.2 | 10.7 | 12 of 30 | 62% |
| Revenue growth | 23.3 | 45.7 | 21 of 25 | 17% |
| Profit growth | 37.6 | 49.8 | 14 of 25 | 46% |
| Market cap | 1819 | 2587 | 18 of 30 | 41% |
| 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.
