NSE: UTSSAV
UTSSAV CZ GOLD JEWELS LTD
Sells gold and CZ (cubic zirconia) jewellery, generating revenue of ₹1,154.90 crore in FY26 against total assets of ₹408.37 crore. The business is structured as a trading-style operation: raw materials account for 96.1% of revenue, while employee costs are 0.4% and other operating expenses are 0.6%, leaving a thin spread between material cost and selling price as the primary earnings lever. Capital intensity is low, with capex at 0.1% of revenue, indicating the company is not building a heavy fixed-asset base and instead turns inventory rather than plants. With negligible employee and overhead costs relative to revenue, the economics depend almost entirely on the spread achieved on gold and stones purchased and re-sold as finished jewellery. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Gold and CZ jewellery sales. Asset-light, trading-style jewellery retail with materials dominating cost.
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY25 | FY26 |
|---|---|---|
| Revenue | 646 | 1,155 |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | — | — |
| EPS, as reported (₹) | 11.63 | 24.60 |
| ROE % · ROCE % | — · 28.5 | — · 46.3 |
| Debt / equity (x) | — | — |
| Cash from operations | (89) | (61) |
| Capex | (4) | (2) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|
| Revenue | 362 | 475 | 679 |
| Profit before tax | 20 | 39 | 41 |
| Net profit | — | — | — |
| EPS (₹) | 6.49 | 12.32 | 12.28 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Postal ballot on 1:1 bonus issue and higher authorised capital | board shareholder meetings | low | — | — |
| 24 Oct 2026 · Utssav CZ Gold Jewels proposes 1:1 bonus share issue | compliance | low | — | — |
| 23 Oct 2026 · Board approves proposed 1:1 bonus issue and capital increase | corporate actions | high | — | — |
| 23 Oct 2026 · Board approves 1:1 bonus issue, pending shareholder approval | corporate actions | high | — | — |
| 19 Oct 2026 · Board to consider bonus shares and authorised capital hike on Oct 23 | corporate actions | high | — | — |
| 13 Oct 2026 · RTA certificate under SEBI Regulation 74(5) for Q2 FY26 | compliance | minimal | — | — |
| 28 Sept 2026 · Board approves capacity expansion of 2,000 kg for gold jewellery manufacturing | capex operations | high | — | — |
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.