Shringar House of Mangalsutra Ltd (SHRINGARMS) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 544512 | NSE: SHRINGARMS | Diamond & Jewellery | Small Cap

Shringar House Share Price

218.85 -2.70 -1.22%
as on 05-Dec'25 16:59

Shringar House of Mangalsutra Ltd (SHRINGARMS) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 544512 | NSE: SHRINGARMS | Diamond & Jewellery | Small Cap

DeciZen - make an informed investing decision on Shringar House

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Shringar House of Mangalsutra stock performance -

Key Ratios
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P/E Ratio (SA):
34.96
Market Cap:
2,136.5 Cr.
52-wk low:
177.4
52-wk high:
237.4

Is Shringar House of Mangalsutra Ltd an attractive stock to invest in?


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10 Year X-Ray of Shringar House: Login to view analysis.

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.
Shringar House of Mangalsutra Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 17.2%20.1%22%31.9%-
Value Creation
Index
0.20.40.61.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8109501,1021,4301,430
Sales YoY Gr.-17.3%15.9%29.8%-
Adj EPS 2.83.24.48.56.3
YoY Gr.-15.3%34.6%94.7%-
BVPS (₹) 11.614.919.327.863.4
Adj Net
Profit
19.92330.961.261
Cash Flow from Ops. -29.513-15.3-7.1-
Debt/CF from Ops. -3.26.9-7-17.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA20.9%29.8%
Adj EPS NANA44.6%94.7%
BVPSNANA33.9%44.4%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
24.224.425.536.313.9
Op. Profit
Mgn %
3.744.56.58
Net Profit
Mgn %
2.52.42.84.34.3
Debt to
Equity
1.10.80.80.60
Working Cap
Days
056606834
Cash Conv.
Cycle
053575924

Recent Performance Summary

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Latest Financials - Shringar House of Mangalsutra Ltd.

Standalone Consolidated
TTM EPS (₹) 6.3 -
TTM Sales (₹ Cr.) 1,430 -
BVPS (₹.) 63.4 -
Reserves (₹ Cr.) 515 -
P/BV 3.50 -
PE 34.96 -
From the Market
52 Week Low / High (₹) 177.40 / 237.40
All Time Low / High (₹) 177.40 / 237.40
Market Cap (₹ Cr.) 2,136
Equity (₹ Cr.) 96.4
Face Value (₹) 10
Industry PE 63.7

Management X-Ray of Shringar House:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Shringar House - Standalone Basis

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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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios of Shringar House

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales8109501,1021,430
Operating Expenses 7809121,0521,337
Manufacturing Costs5422
Material Costs7668971,0351,315
Employee Cost 48913
Other Costs 5468
Operating Profit 30385092
Operating Profit Margin (%) 3.7%4.0%4.5%6.5%
Other Income 1110
Interest 3668
Depreciation 1233
Exceptional Items 0000
Profit Before Tax 27314282
Tax 781121
Profit After Tax 20233161
PAT Margin (%) 2.5%2.5%2.8%4.3%
Adjusted EPS (₹)2.93.34.48.5
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 82106137201
Share Capital 99972
Reserves 7397128129
Minority Interest0000
Debt9075104118
Long Term Debt341763
Short Term Debt565898115
Trade Payables73943
Others Liabilities 16281513
Total Liabilities 195212265376

Fixed Assets

Gross Block22252427
Accumulated Depreciation3467
Net Fixed Assets 20201819
CWIP 0000
Investments 0000
Inventories111104144228
Trade Receivables26476088
Cash Equivalents 5643
Others Assets 34343838
Total Assets 195212265376

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity -3013-15-7
PBT 27314282
Adjustment 37811
Changes in Working Capital -56-17-50-83
Tax Paid -4-8-16-17
Cash Flow From Investing Activity -36-3-1-3
Capex -37-3-1-3
Net Investments 0000
Others 000-0
Cash Flow From Financing Activity 69-9129
Net Proceeds from Shares 9003
Net Proceeds from Borrowing 33-17-3-3
Interest Paid -2-5-6-8
Dividend Paid 0000
Others 29132117
Net Cash Flow 31-4-1

Finance Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)24.6324.8625.6736.2
ROCE (%)17.1720.0922.0431.85
Asset Turnover Ratio4.144.674.624.46
PAT to CFO Conversion(x)-1.50.57-0.48-0.11
Working Capital Days
Receivable Days12141819
Inventory Days50414147
Payable Days3227

Shringar House of Mangalsutra Ltd Stock News

Shringar House of Mangalsutra Ltd FAQs

The current trading price of Shringar House on 05-Dec-2025 16:59 is ₹218.8.
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 04-Dec-2025 the market cap of Shringar House stood at ₹2,136.5.
The latest P/E ratio of Shringar House as of 04-Dec-2025 is 34.96.
The latest P/B ratio of Shringar House as of 04-Dec-2025 is 3.50.
The 52-week high of Shringar House is ₹237.4 and the 52-week low is ₹177.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shringar House is ₹1,430 ( Cr.) .

About Shringar House of Mangalsutra Ltd

Shringar House of Mangalsutra was originally incorporated as ‘Shringar House of Mangalsutra Private Limited’, a private limited company under the erstwhile Companies Act, 1956 at Mumbai, Maharashtra, pursuant to a certificate of incorporation dated January 02, 2009, issued by the Registrar of Companies, Maharashtra at Mumbai (RoC). Thereafter, the company was converted into a public limited company pursuant to a special resolution passed by its Shareholders as on November 30, 2024 and consequently, the name of the company was changed to ‘Shringar House of Mangalsutra Limited’. A fresh certificate of change of name, consequent upon conversion to a public limited company was issued by registrar of companies, central processing centre, Manesar, Haryana on December 11, 2024. 

It is engaged in designing, manufacturing, and marketing, a varied range of Mangalsutra studded with diverse range of stones including but not limited to, American diamond, cubic zirconia, pearl, mother of pearl, and semi-precious stones, in 18k and 22k purity of gold, to its business-to-business (B2B) clients. Mangalsutra is a traditional necklace, crafted from gold and black beads worn by married Indian women which symbolizes marital status and is a sacred thread that is believed to bless and extend the life of the spouse. 

It sells its products to a diverse range of clients including Corporate Clients, wholesale jewellers, and retailers across the country, more particularly in several states and few union territories. In addition to serving its domestic clients, it has also expanded its reach to international clients in United Kingdom, New Zealand, UAE, USA and Republic of Fiji, during the Fiscals 2025, 2024 and 2023. 

Since the inception of its operations, it has focused on strengthening its presence as a manufacturer of single product i.e. Mangalsutras. This approach has allowed it to establish a strong position in the industry and has also enabled it to cater its existing and potential client preferences, which often varies significantly based on geography and latest trends.

It offers an extensive portfolio of Mangalsutras, featuring several collections and thousands of active SKUs, designed to suit special occasions such as weddings, festivals, and anniversaries, as well as daily-wear options including antique, bridal, traditional, contemporary, and Indo-western styles. These designs cater to women of all ages, with a variety of price points and weights. Its Mangalsutra designs draw inspiration from ancient Indian art and culture, merging these aspects with contemporary aesthetics to produce pieces that are yet timeless and modern. Its jewellery collection features a diverse range of stones, including but not limited to American diamond, cubic zirconia, pearls, mother of pearl, and semi-precious stones, all intricately set in gold. It has a dedicated in-house design team of several full-time employees who focus on developing new products and designs that align with latest trends, customer lifestyles, aspirations, and demographic preferences across the country. In addition, it has a team of over hundreds of In-house Karigars and it also collaborates with a network of third-party Karigars to meet the growing market demand for its products.

Business area of the company

The company is engaged in designing, manufacturing, and marketing, a varied range of Mangalsutra studded with diverse range of stones including but not limited to, American diamond, cubic zirconia, pearl, mother of pearl, and semi-precious stones, in 18k and 22k purity of gold, to its business-to-business (B2B) clients. Its Mangalsutra designs draw inspiration from ancient Indian art and culture, merging these aspects with contemporary aesthetics to produce pieces that are yet timeless and modern. Its jewellery collection features a diverse range of stones, including but not limited to American diamond, cubic zirconia, pearls, mother of pearl, and semi-precious stones, all intricately set in gold.

Products of the company

  • Bridal Mangalsutra
  • God Edition Mangalsutra
  • Trendsetter Mangalsutra
  • Formal Mangalsutra
  • Santos Mangalsutra
  • Fancy Mangalsutra
  • Micro Mangalsutra
  • Classic Mangalsutra
  • FIO Mangalsutra
  • Kalki Mangalsutra
  • Kolkata Mangalsutra
  • Maharashtra Mangalsutra
  • Rose Gold Mangalsutra
  • Kolhapuri Mangalsutra
  • Glam Mangalsutra
  • Rudraksh & Tulsi Mala
  • Divine Mangalsutra
  • Ring Mangalsutra
  • Bracelets Mangalsutra

History and milestones

  • 2009: Incorporated as Shringar House of Mangalsutra Private Limited 
  • 2013: The company was nominated in Top 5 for the category - Best Gold Jewellery Manufacturer in the National Jewellery Awards 
  • 2014: The company made its first export sales to UAE 
  • 2016: The company became a member of Indian Bullion and Jewellers Association Limited
  • 2019: Crossed annual turnover of Rs 5,000 million 
  • 2023: The company received Excellence in Self-Certification Level-1 from Titan Company Limited.
  • 2023: The company processed more than 1,200 kgs of gold in its Manufacturing Facility. 
  • 2024: Crossed annual turnover of Rs 10,000 million 2025 Conversion of the company from a private limited company to a public limited company 
  • 2026: Launched 24 Karat ‘Shudh Mangalsutra’

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