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Lalithaa Jewellery Mart Ltd (LALITHAA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544879 NSE: LALITHAA Diamond & Jewellery | Small Cap | Lalithaa Jewel.Mart Share Price

₹254.20 5.80 (2.33%)

As on 25-Aug'26 10:57

Lalithaa Jewellery Mart Ltd (LALITHAA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544879 NSE: LALITHAA Diamond & Jewellery | Small Cap | Lalithaa Jewel.Mart Share Price

₹254.20 5.80 (2.33%)

As on 25-Aug'26 10:57

Key Metrics
Valuation Multiples
Market Cap
₹13,903 Cr.
Current Price
₹254.2
52-Week Low / High
₹244 / 274
TTM EPS
₹18
TTM Sales
₹25,039 Cr.
Book Value per Share
₹54.4
P/E Ratio
13.78
Industry PE
54
Price to Book (P/B)
4.56
Price to Sales (P/S)
0.56
EV/EBITDA
8.93
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
40.12%
Outperforms industry median
Return on Capital Employed (ROCE)
42.24%
Outperforms industry median
Return on Assets (ROA)
11.22%
Operating Profit Margin
6.9%
Net Profit Margin
4.03%
Gross Profit Margin
6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
48.18%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
122.9%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
178.06%
Asset Quality
Promoter Holding
%
Pledged shares (%) of Promoter's holding (%)
%
Reserves
₹2,766 Cr.
Equity
₹279.9 Cr.
Face Value
₹5
All Time Low / High
- / -

Lalithaa Jewellery Mart stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Lalithaa Jewellery Mart Ltd a good quality company?
Lalithaa Jewellery Mart Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Lalithaa Jewellery Mart Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Lalithaa Jewellery Mart Ltd vs industry peers?
Lalithaa Jewellery Mart Ltd revenue CAGR is 28.15%, compared to the industry median CAGR of 6.25%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Lalithaa Jewellery Mart Ltd?
Promoters hold % of the Lalithaa Jewellery Mart Ltd, with % of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Lalithaa Jewellery Mart Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Lalithaa Jewellery Mart Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 12.7%19.4%18.5%21.4%25.3%24.3%27%30%25.4%42.2%-
Value Creation
Index
-0.10.40.40.60.90.81.01.20.92.0-

Growth Parameters

Sales 6,0567,7177,7587,8277,2468,18713,30516,78616,89725,03925,039
Sales YoY Gr.-27.4%0.5%0.9%-7.4%13%62.5%26.2%0.7%48.2%-
Adj EPS 0.41.51.72.33.33.44.77.27.220.218
YoY Gr.-276.9%14.3%33.9%46.7%2.4%38.2%53.5%0.6%180.4%-
BVPS (₹) 8.910.412.114.217.521.32633.140.360.354.4
Adj Net
Profit
19.673.683.91131651692333583601,0111,009
Cash Flow from Ops. -22.8175209479153243283-15.4290-401-
Debt/CF from Ops. -36.44.63.41.44.62.61.9-53.53.3-4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 17.1%28.2%23.5%48.2%
Adj EPS 55.1%43.7%63%180.4%
BVPS23.7%28%32.4%49.9%
Share Price - - - -

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
4.515.31517.120.817.419.724.219.640.231.4
Op. Profit
Mgn %
2.73.43.34.55.85.144.24.66.9NAN
Net Profit
Mgn %
0.311.11.42.32.11.82.12.144
Debt to
Equity
1.91.51.210.80.60.40.50.50.5-
Working Cap
Days
8282939611511486881151190
Cash Conv.
Cycle
7474828410510679821071110

Valuation of Lalithaa Jewel.Mart - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales6,0567,7177,7587,8277,2468,18713,30516,78616,89725,039
Operating Expenses + 5,8917,4567,5047,4786,8247,77412,77316,07816,12823,323
Manufacturing Costs6011011611476121174196262346
Material Costs5,6327,0417,0617,0986,5207,42212,31715,51415,45822,536
Employee Cost 53901021018295132164253285
Other Costs 146214225164146136149203154157
Operating Profit 1652612543494214135337097701,716
Operating Profit Margin (%) 2.7%3.4%3.3%4.5%5.8%5.0%4.0%4.2%4.6%6.9%
Other Income + 244277411816
Exceptional Items 000-80300000
Interest 114128112145141142158166191242
Depreciation 161414515254617287130
Profit Before Tax 371241321462362553184835001,359
Tax 18504839716585124138350
Profit After Tax 2074841071651892333583631,009
PAT Margin (%) 0.3%1.0%1.1%1.4%2.3%2.3%1.8%2.1%2.2%4.0%
Adjusted EPS (₹)0.41.51.72.13.33.84.77.27.320.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 4455196037118761,0651,2991,6572,0133,016
Share Capital 1212121212121212250250
Reserves 4335075916998641,0541,2871,6451,7632,766
Debt +8287987136827056245388229441,599
Long Term Debt220000493227
Short Term Debt8267967136827056245348129121,573
Minority Interest0000000000
Trade Payables73508212678115201132281533
Others Liabilities 2757327351,0931,3011,3812,1702,5403,7515,842
Total Liabilities 1,6212,0992,1342,6132,9613,1854,2095,1506,98910,991

Fixed Assets

Net Fixed Assets +84107121445479465516560642630
Gross Block1331691965356666727788801,0421,141
Accumulated Depreciation49627691187207263320400512
CWIP 42516183447471524
Investments 11111000104104
Inventories1,3451,7781,7612,0012,3222,5493,4714,2925,8739,816
Trade Receivables8961422037314355116215
Cash Equivalents 15223012261422467438
Others Assets 841261741187793110151166166
Total Assets 1,6212,0992,1342,6132,9613,1854,2095,1506,98910,991
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -23175209479153243283-15290-401
PBT 371241321462362553184835001,359
Adjustment 113118103131186165184204260318
Changes in Working Capital -139-4726236-245-108-140-584-287-1861
Tax Paid -34-19-50-35-24-69-78-117-183-218
Cash Flow From Investing Activity + -21-35-31-381-30-36-67-111-215-63
Capex -20-35-31-381-31-37-63-88-120-63
Net Investments -1000110-600
Others -0-0-0-0-00-4-17-941
Cash Flow From Financing Activity + 50-133-171-115-110-218-212132-46428
Net Proceeds from Shares -0000000000
Net Proceeds from Borrowing 00-2-0-1-06627-14
Interest Paid -96-103-87-84-103-94-73-91-99-128
Dividend Paid 0000000000
Others 146-30-83-31-6-124-14421725570
Net Cash Flow 588-1813-114529-36
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)4.5515.2614.9516.2420.7719.519.724.2419.7740.12
ROCE (%)12.6519.3918.4721.4425.3324.282730.0125.3942.24
Asset Turnover Ratio4.134.163.673.32.62.663.63.592.782.79
PAT to CFO Conversion(x)-1.152.362.494.480.931.291.21-0.040.8-0.4
Working Capital Days
Receivable Days6.403.502.401.501.501.5011.101.902.40
Inventory Days70.3073.7083.2087.70108.90108.6082.6084.40109.80114.40
Payable Days3.403.203.405.405.704.804.703.904.906.60

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Lalithaa Jewellery Mart Ltd FAQs

The current trading price of Lalithaa Jewel.Mart on 25-Aug-2026 10:57 is ₹254.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Aug-2026 the market cap of Lalithaa Jewel.Mart stood at ₹13,903.2 Cr

The latest P/E ratio of Lalithaa Jewel.Mart as of 24-Aug-2026 is 13.78.

The latest P/B ratio of Lalithaa Jewel.Mart as of 24-Aug-2026 is 4.56.

The 52-week high of Lalithaa Jewel.Mart is ₹274.3 and the 52-week low is ₹244.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lalithaa Jewel.Mart is ₹25,039 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Lalithaa Jewellery Mart Ltd is a good quality company.

The key valuation ratios of Lalithaa Jewellery Mart Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Lalithaa Jewellery Mart Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Lalithaa Jewellery Mart Ltd

Lalithaa Jewellery Mart was incorporated under the name of ‘Lalitha Jewellery Mart Private Limited’, as a private limited company on November 26, 1985. Subsequently, the name of the company was changed from ‘Lalitha Jewellery Mart Private Limited’ to ‘Lalithaa Jewellery Mart Private Limited’ on November 4, 2013. Subsequently, the company was converted from a private limited company into a public company pursuant to the Board resolution dated November 23, 2023 and the special resolution dated December 18, 2023 passed by the shareholders and consequently the name of the company was changed to ‘Lalithaa Jewellery Mart Limited’ on January 5, 2024.

The company is a jewellery retailer operating under the brand name ‘Lalithaa’, offering a diverse range of gold jewellery, silver jewellery, and diamond jewellery across styles, designed to cater to regional preferences of the southern Indian jewellery markets. It strives to serve the southern Indian market with authenticated BIS-hallmarked jewellery through its stores in the states of Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and the Union Territory of Puducherry. The company stands out as a disruptive brand, offering gold jewellery at competitive prices due to its in-house manufacturing capabilities. It also offers jewellery schemes such as ‘Dhana Vandhanam’ and ‘Free-yo-Flexi’ that attracts customers on a repeated basis. These schemes are designed to provide added value and flexibility to its clientele, encouraging them to engage with the brand repeatedly. 

Under the ‘Dhana Vandhanam’ scheme, at the time of jewellery purchase, the customer can choose either weight-based calculation or rupee-based calculation as monthly instalments’ credit. This protects the customers from gold rate fluctuations during the entire period of the scheme. Further, under ‘Free-yo-Flexi’ scheme (which starts from Rs 1,000 monthly instalments and can go up to Rs 25,000 monthly instalments), on completion of 11 months, the company offers its customers 100% discount on the value addition charges at the time to buying jewellery subject to fulfilment of terms and conditions specified in the scheme. 

Business area of the company 

The company is engaged in the business of manufacturing, sale and trading of gold jewellery, diamond studded jewellery, platinum, silver jewellery and articles. It also has interests in the garments and textile sector through one of its subsidiaries (Centigrade Apparels), which presently derives its income from the renting of immovable property.

Products of the company

  • Gold jewellery
  • Silver jewellery and articles
  • Silverware and diamond jewellery

Awards, accreditations and recognition 

  • 2019: Star Retailor of the Gems Jewellery Industry of India awarded by Jewel Trendz Private Limited.
  • 2023: Best of Tamil Nadu Award, 2023 awarded at e4m Pride of India, Chenna.
  • 2023: e4m Pride of India Chennai Award at the e4m Pride of India Chennai - The Brand, Advertising & Marketing Summit 2023.
  • 2024: Excellence in ethnic and bridal jewellery at the ET Business Awards.

History and milestones

  • 1985: Incorporation of the company.
  • 2003: Acquisition of the company by its present Promoter, M. Kiran Kumar Jain.
  • 2007: Set up its second store at Madurai, being first store outside the city of Chennai.
  • 2012: Revenue of Rs 10,000 million was achieved.
  • 2013: Set up its first store outside the state of Tamil Nadu in Pondicherry.
  • 2016: Set up a store measuring around 10,755 square feet located in Hyderabad.
  • 2018: Revenue of Rs 75,000 million was achieved.
  • 2023: Conversion of the company from private limited to public limited.
  • 2023: Crossed Revenue of Rs 100,000 million.
  • 2024: Total Number of stores crossed 50.
  • 2024: Opening of new factory in Kancheepuram district, Tamil Nadu.
  • 2024: Acquired Asita Jewellery Manufacturing Private Limited.
  • 2024: Acquired Centigrade Apparels Private Limited.

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