Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · S. M. Gold Limited · 22 September 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
S. M. Gold Limited
BSE: 542034
BSE: 542034
Consumer Discretionary › Consumer Durables › Consumer Durables › Gems, Jewellery And Watches
S. M. Gold Limited
StateQ1 FY27 filed
Last close · 20 Sept 2026₹14.98
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA9.5 · 0.57 · 11.0
S. M. Gold Limited is a Consumer Durables company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 51 | 51 | 62 | 88 | 156 |
| EBITDA (ex other income) | 1 | 1 | 1 | 1 | 3 |
| margin % | 1.3 | 1.4 | 2.3 | 1.5 | 1.7 |
| Owners' profit | 2 | 1 | 1 | 1 | 2 |
| EPS, as reported (₹) | 1.68 | 1.06 | 5.95 | 0.57 | 1.19 |
| ROE % · ROCE % | 11.1 · 9.3 | 6.6 · 11.6 | 5.4 · 10.4 | 2.5 · 6.2 | 4.5 · 7.4 |
| Debt / equity (x) | 0.59 | 0.83 | 0.77 | 0.72 | 0.45 |
| Cash from operations | (0) | 3 | (1) | 1 | (5) |
| Capex | (0) | 0 | 0 | 0 | (0) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · S. M. Gold Limited · 22 September 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18 | 32 | 15 | 26 | 45 | 53 | 33 | 23 |
| Profit before tax | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 1 |
| Net profit | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| EPS (₹) | 0.68 | 0.14 | 0.10 | 0.11 | 0.43 | 0.16 | 0.59 | 0.40 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
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 | — | — | — | — | — | — |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.5 | 12.9 | 22 of 54 | 60% |
| P/B | 0.6 | 0.9 | 11 of 37 | 72% |
| ROCE | 5.7 | 3.9 | 23 of 52 | 57% |
| ROE | 4.5 | 2.5 | 18 of 40 | 56% |
| Debt / Equity | 0.5 | 0.1 | 29 of 40 | 28% |
| EBITDA margin | 3.1 | 6.8 | 23 of 35 | 35% |
| Revenue growth | (11.8) | 13.8 | 22 of 36 | 40% |
| Profit growth | 265.6 | 1.4 | 4 of 34 | 91% |
| Market cap | 20 | 26 | 36 of 54 | 34% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · S. M. Gold Limited · 22 September 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 19 Sept 2026 · Trading window closure from Oct 1, 2026 for Q2 and half year ended Sep 30, 2026 results | compliance | minimal | — | — |
| 4 Sept 2026 · Newspaper publication of 9th AGM notice filed with BSE | compliance | minimal | — | — |
| 3 Sept 2026 · S.M. Gold sets Sep 21 record date for 9th AGM on Sep 26 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · S.M. Gold 9th AGM notice on Sept 26, 2026 via VC | board shareholder meetings | low | — | — |
| 3 Sept 2026 · 9th AGM Notice and Annual Report for FY 2025-26 filed | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · Notice of 9th AGM on 26 September 2026 via video conferencing | compliance | minimal | — | — |
| 3 Sept 2026 · Re-appointment of Mr. Girishchandra Patel as Independent Director for 5 years | management changes | medium | — | — |
| 3 Sept 2026 · Independent Director Ganpatbhai Nayi re-appointed for second 5-year term | management changes | medium | — | — |
| 2 Sept 2026 · S.M. Gold appoints SS Lunkad and Associates as Secretarial Auditor | management changes | medium | — | — |
| 2 Sept 2026 · Board Meeting Outcome: AGM on Sept 26, Auditor Changes | board shareholder meetings | low | — | — |
Source: exchange announcements; reaction = close-to-close from the filing's session.
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in