Deals in rough and polished diamonds, with the Board citing training in the manufacturing and assortment of these stones. In FY26, revenue from operations rose 26.5% year-on-year, though the consolidated result slipped into a small net loss against a profit a year earlier. A wholly-owned subsidiary, Sunraj Diamonds DMCC in the Dubai Multi Commodities Centre, reported nil revenues across multiple quarters and pulled the consolidated bottom line into the red. The scale is very small — total assets of Rs 25.56 crore sit against total borrowings of Rs 1,468 lakhs and a consolidated net worth of just Rs 96 lakhs, leaving other equity negative at Rs (435.45) lakhs. Reported FY26 costs are dominated by other operating expenses (14.9% of revenue) and employee costs (7.7%), with materials cost reported at nil. The statutory auditor issued a qualified opinion on FY26 accounts because the company did not provide for employee retirement benefits under IND AS 19. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Diamond trading and processing. Micro-cap, highly geared diamond trader-exporter with a stressed balance sheet and negative other equity
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 4 | 1 | 3 | 2 | 2 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | (0) |
| margin % | (0.8) | (25.0) | (11.4) | (2.6) | (16.4) |
| Owners' profit | 0 | 1 | 0 | 0 | 0 |
| EPS, as reported (₹) | 0.45 | 1.52 | (0.30) | 0.11 | 0.05 |
| ROE % · ROCE % | 31.9 · 55.5 | 51.8 · 52.4 | (17.3) · 12.1 | 6.1 · 9.3 | (2.5) · (17.5) |
| Debt / equity (x) | 22.63 | 10.56 | 17.68 | 16.97 | 15.24 |
| Cash from operations | (3) | 1 | (0) | (0) | 2 |
| Capex | (0) | (0) | 0 | 0 | 0 |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 0 |
| Profit before tax | (0) | 0 | 0 | (0) | (0) | 0 | 0 | (0) |
| Net profit | (0) | 0 | 0 | (0) | (0) | 0 | 0 | (0) |
| EPS (₹) | (0.14) | 0.52 | 0.21 | 0.48 | 0.28 | 0.26 | 0.02 | 0.04 |
| 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 | 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · Public notice of 36th AGM submitted to BSE | compliance | minimal | — | — |
| 4 Sept 2026 · Record date set for 36th AGM e-voting | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Book Closure for 36th AGM from Sep 19 to Sep 30, 2026 | board shareholder meetings | low | — | — |
| 4 Sept 2026 · 36th AGM Notice - September 30, 2026 via Video Conferencing | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Notice of 36th AGM on September 30, 2026 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Sunraj Diamond Exports announces 36th AGM on September 30, 2026 | compliance | minimal | — | — |
| 13 Aug 2026 · Board meeting on 14 Aug to approve Q1 FY27 results and revised FY26 audited financials | results | low | — | — |
| 29 Jul 2026 · Board meeting on 14 Aug 2026 to approve Q1 FY27 results | board shareholder meetings | low | — | — |
| 9 Jul 2026 · Refer the enclosed document | compliance | minimal | — | — |
| 29 Jun 2026 · Trading Window Closure Ahead of Q1 FY27 Results | compliance | minimal | — | — |
| 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 |
| 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) | 21.3 | 13.3 | 38 of 54 | 30% |
| P/B | 7.1 | 0.9 | 34 of 37 | 8% |
| ROCE | (18.8) | 3.9 | 49 of 52 | 6% |
| ROE | (2.5) | 2.5 | 37 of 40 | 8% |
| Debt / Equity | 15.2 | 0.1 | 40 of 40 | 0% |
| EBITDA margin | (718.9) | 6.8 | 34 of 35 | 3% |
| Revenue growth | (97.4) | 13.8 | 34 of 36 | 6% |
| Profit growth | 91.6 | 1.4 | 8 of 34 | 79% |
| Market cap | 7 | 27 | 50 of 54 | 8% |
| 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.
