BSE: 543970
Shoora Designs Limited
Manufactures and trades diamonds from its base in Surat, Gujarat. Revenue from operations for FY 2025-26 was Rs. 1,177.88 lakhs, up from Rs. 486.20 lakhs in FY 2024-25, a year-on-year jump of about 142%, while profit after tax fell to Rs. 3.64 lakhs from Rs. 5.85 lakhs. Materials are the dominant cost at Rs. 2.5712 crore, or 21.8% of revenue, with small employee (Rs. 0.3095 crore) and other operating expenses (Rs. 0.1617 crore). Inventories climbed to Rs. 1,899.09 lakhs at FY26 end from Rs. 1,529.42 lakhs a year earlier, and operating cash flow was negative at Rs. (297.84) lakhs, meaning the year's revenue was largely backed by an inventory build-up rather than cash collections. In March 2025 the company allotted 31,25,000 equity shares at Rs. 53 each, raising Rs. 1,656.25 lakhs — Rs. 1,242.19 lakhs earmarked for expansion and working capital and Rs. 414.06 lakhs for general corporate purposes. Cash and equivalents fell sharply to Rs. 60.28 lakhs from Rs. 384.16 lakhs a year earlier. Listed on the BSE SME platform with 46,23,662 equity shares outstanding. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Diamond manufacturing and trading. Small, working-capital-heavy diamond manufacturer and trader with thin margins
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 4 | 5 | 12 |
| EBITDA (ex other income) | — | — | — |
| margin % | — | — | — |
| Owners' profit | — | — | — |
| EPS, as reported (₹) | (0.27) | 0.36 | 0.08 |
| ROE % · ROCE % | — · 0.3 | — · 0.2 | — · 0.2 |
| Debt / equity (x) | — | — | — |
| Cash from operations | (2) | (14) | (3) |
| Capex | — | (0) | 0 |
Exhibit 2: Quarterly performance, last 6 quarters
| ₹ crore | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 1 | 4 | 2 | 3 | 2 | 10 |
| Profit before tax | 0 | (0) | (0) | 0 | 0 | 0 |
| Net profit | — | — | — | — | — | — |
| EPS (₹) | 0.40 | (0.55) | (1.46) | 1.82 | 0.04 | 0.03 |
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 | 1,737 | 12.2 | 5.43 | — | 28.0 | 37.7 | — | 6.8 |
| PNGS GARGI FASHION JEWELLERY L | 623 | 13.1 | 4.39 | — | 22.1 | 27.0 | — | 30.4 |
| UDAY JEWELLERY INDS. LTD. | 606 | 22.9 | 2.92 | — | 17.2 | 23.1 | — | 8.3 |
| KD GREEN INDUSTRIES LTD | 284 | 18.1 | 3.95 | 31.6 | 7.0 | 8.6 | — | 16.5 |
| GOLKUNDA DIAMONDS & JEWELLERY | 221 | 16.2 | 2.76 | — | 17.1 | 20.7 | — | 9.0 |
| AJC Jewel Manufacturers Limite | 203 | 48.6 | — | — | — | 28.7 | — | — |
| Patdiam Jewellery Limited | 147 | 7.8 | — | — | — | — | — | — |
| Ashapuri Gold Ornament Limited | 142 | 6.9 | 0.85 | — | 11.1 | 15.0 | — | 11.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 165.3 | 13.1 | 47 of 47 | 0% |
| ROCE | 0.2 | 4.7 | 41 of 50 | 18% |
| Revenue growth | 174.1 | 13.8 | 5 of 36 | 89% |
| Market cap | 33 | 24 | 23 of 54 | 59% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 1 Oct 2026 · All 4 resolutions passed at 5th AGM with 100 percent approval | board shareholder meetings | low | — | — |
| 1 Oct 2026 · Shoora Designs shareholders approve statutory and secretarial auditors at 5th AGM | management changes | medium | — | — |
| 30 Sept 2026 · 5th AGM held on Sep 30 2026; voting results awaited | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading Window Closure from October 1 for H1 FY26 Results | compliance | minimal | — | — |
| 8 Sept 2026 · 5th AGM Notice and FY26 Annual Report web link dispatched to shareholders | compliance | minimal | — | — |
| 8 Sept 2026 · Shoora Designs FY26 Annual Report filed, revenue jumps 142 percent | results | medium | — | — |
| 8 Sept 2026 · Notice of 5th AGM on Sept 30, 2026 with auditor changes | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Board approves FY26 Annual Report, fixes AGM on Sep 30, 2026 | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Shoora Designs board to meet on 2 Sep 2026 to approve annual report and AGM items | board shareholder meetings | low | — | — |
| 1 Aug 2026 · Board appoints new Statutory, Internal and Secretarial Auditors | management changes | 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.