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SMR Jewels Ltd (544774)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544774 NSE: Diamond & Jewellery | Small Cap | SMR Jewels Share Price

₹84 -4.40 (-4.98%)

As on 12-Jun'26 11:48

SMR Jewels Ltd (544774)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544774 NSE: Diamond & Jewellery | Small Cap | SMR Jewels Share Price

₹84 -4.40 (-4.98%)

As on 12-Jun'26 11:48

Key Metrics
Valuation Multiples
Market Cap
₹165 Cr.
Current Price
₹84
52-Week Low / High
₹88 / 108
TTM EPS
₹5.6
TTM Sales
₹263 Cr.
Book Value per Share
₹45.6
P/E Ratio
15.84
Lower than its 5-year historical median
Industry PE
49.4
Price to Book (P/B)
1.94
Lower than its 5-year historical median
Price to Sales (P/S)
0.63
Lower than its 5-year historical median
EV/EBITDA
10.76
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
71.76%
Return on Capital Employed (ROCE)
66.82%
Return on Assets (ROA)
35.66%
Operating Profit Margin
5.8%
Net Profit Margin
3.96%
Gross Profit Margin
5.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
111.41%
Operating Profit Growth (1 Year)
-
147.07%
Net Profit Growth (1 Year)
-
170.39%
Asset Quality
Promoter Holding
%
Pledged shares (%) of Promoter's holding (%)
%
Reserves
₹66 Cr.
Equity
₹18.7 Cr.
Face Value
₹10
All Time Low / High
₹93.05 / 108.05

SMR Jewels stock performance

Key Ratios
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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.
SMR Jewels Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'23Mar'24Mar'25TTM
ROCE % ⓘ26.3%61.4%66.8%-
Value Creation
Index ⓘ		0.93.43.8-

Growth Parameters ⓘ
Sales ⓘ67.5125263263
Sales YoY Gr.-84.4%111.4%-
Adj EPS ⓘ0.83.27.15.6
YoY Gr.-321.1%122.2%-
BVPS (₹) ⓘ0.94.116.545.6
Adj Net
Profit ⓘ		0.93.910.410
Cash Flow from Ops. ⓘ-1.4-1.11.3-
Debt/CF from Ops. ⓘ-4.6-7.26.8-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA111.4%
Adj EPS ⓘNANANA122.2%
BVPSⓘNANANA305.7%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		87.713071.818
Op. Profit
Mgn % ⓘ		2.94.95.8NAN
Net Profit
Mgn % ⓘ		1.43.144
Debt to
Equity ⓘ		6.11.60.4-
Working Cap
Days ⓘ		052330
Cash Conv.
Cycle ⓘ		033300

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Sales68125263
Operating Expenses ⓘ + 66118248
Manufacturing Costs000
Material Costs64117246
Employee Cost 101
Other Costs ⓘ 112
Operating Profit ⓘ 2615
Operating Profit Margin (%) 2.9%4.9%5.8%
Other Income ⓘ + 000
Exceptional Items ⓘ 000
Interest ⓘ 111
Depreciation ⓘ 000
Profit Before Tax ⓘ 1514
Tax ⓘ 014
Profit After Tax 1410
PAT Margin (%) 1.4%3.1%4.0%
Adjusted EPS (₹)0.83.27.1
Dividend Payout Ratio (%)0%0%0%

Valuation of SMR Jewels - 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!

Balance Sheet

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

Equity and Liabilities

Shareholders Fund + 1524
Share Capital ⓘ 005
Reserves ⓘ 1519
Debt +678
Long Term Debt557
Short Term Debt220
Minority Interest000
Trade Payables801
Others Liabilities ⓘ 6310
Total Liabilities ⓘ 211543

Fixed Assets

Net Fixed Assets ⓘ +000
Gross Block000
Accumulated Depreciation000
CWIP ⓘ 000
Investments ⓘ 000
Inventories13923
Trade Receivables648
Cash Equivalents 1010
Others Assets ⓘ 212
Total Assets ⓘ 211543

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -1-11
PBT ⓘ 1514
Adjustment ⓘ 111
Changes in Working Capital ⓘ -3-7-12
Tax Paid ⓘ -0-0-2
Cash Flow From Investing Activity ⓘ + -0-0-0
Capex -0-0-0
Net Investments 000
Others ⓘ 000
Cash Flow From Financing Activity ⓘ + 119
Net Proceeds from Shares ⓘ 009
Net Proceeds from Borrowing ⓘ 512
Interest Paid ⓘ -1-1-1
Dividend Paid ⓘ 000
Others ⓘ -20-1
Net Cash Flow ⓘ 0-010

Financial Ratio

PARTICULARSMar'23Mar'24Mar'25
Ratios
ROE (%)87.74129.9571.76
ROCE (%)26.2761.3666.82
Asset Turnover Ratio3.176.859.02
PAT to CFO Conversion(x)-1-0.250.1
Working Capital Days
Receivable Days30.9014.308.10
Inventory Days68.6032.3022.50
Payable Days45.5012.801.10

Management X-Ray

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

SMR Jewels Ltd FAQs

The current trading price of SMR Jewels on 12-Jun-2026 11:48 is ₹84.00.

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 11-Jun-2026 the market cap of SMR Jewels stood at ₹164.9 Cr

The latest P/E ratio of SMR Jewels as of 11-Jun-2026 is 15.84.

The latest P/B ratio of SMR Jewels as of 11-Jun-2026 is 1.94.

The 52-week high of SMR Jewels is ₹108.0 and the 52-week low is ₹88.40.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SMR Jewels is ₹263 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that SMR Jewels Ltd is a below average quality company.

The key valuation ratios of SMR Jewels 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 SMR Jewels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About SMR Jewels Ltd

SMR Jewels was originally incorporated as a private limited Company on October 26, 2018. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on September 14, 2024, the company was converted into a Public Limited Company and consequently the name of the company was changed from ‘SMR Jewels Private Limited’ to ‘SMR Jewels Limited’ on October 11, 2024.

The company specializes in Designer Heritage Jewellery that blends the richness of India’s cultural and artistic traditions with modern aesthetics. Its jewellery reflects intricate craftsmanship, heritage artistry, and traditional motifs, while incorporating contemporary styles to suit the evolving tastes of today’s customers. Each piece is created with its own storytelling, carrying cultural meaning, emotional value, and artistic expression. The company further specialises in Traditional Jewellery, including Jadtar Jewellery, Meenakari Jewellery, Polki Jewellery, Bridal Festive & Bridal Jewellery. In addition to these categories, its portfolio also includes Daily Wear Jewellery designed with simplicity, comfort, and durability for everyday use.

The company does not maintain its own manufacturing facility and instead outsource jewellery production to highly skilled artisans and craftsmen, engaged as Job Workers, with whom it has nurtured long-standing associations. Each piece is conceptualised and designed in-house, and its execution is carried out in close collaboration with these artisans, ensuring that every creation is handcrafted to align with regional tastes, fashion trends, and demographic preferences. Its in-house design team forms the cornerstone of this process, developing original concepts, theme-based motifs, and customised designs that seamlessly blend tradition with modern sensibilities. Every design undergoes meticulous detailing - ranging from hand sketching and CAD modelling to prototype creation - before being entrusted to artisans for execution. In addition to its diverse product portfolio, it also provides customisation services that allow customers to personalise jewellery designs as per their unique preferences. The company specializes in recreating traditional and ancestral ornaments with modern styling, ensuring that timeless heritage is preserved while reflecting contemporary aesthetics.

Business area of the company 

The company is primarily engaged in trading and job work of jewellery and other accessories/products. The company sells and trades its manufactured and traded jewellery and other accessories/products through wholesale and retail outlet.

Products of the company

  • The Shrinathji Heritage Necklace
  • Divine Lotus Necklace Set
  • Regal Heritage Kada
  • Divine Saga Necklace
  • Sparrow Harmony Earrings
  • Heritage Medallion Choker
  • Cow and Lotus Collection
  • Bridal Jewellery
  • Meenakari Jewellery
  • Jadtar Jewellery
  • Polki Jewellery
  • Designer Navgrah Set

Awards, accreditations and recognition 

  • 2018-19: Received Award for Participation in 11th Jewel Trendz Gems & Jewellery Show.
  • 2018-19: Received Certificate of Participation in 9th Gujarat Gold Jewellery Show.
  • 2019-20: Received Certificate of Participation in 10th Gujarat Gold Jewellery Show.
  • 2019-20: Received Certificate of Participation in 4th Jewel Net Gems & Jewellery B2 B Expo.
  • 2019-20: Received Award for Participation in 13th Jewel Trendz Gems & Jewellery Show.
  • 2019-20: Received Certificate of Participation at Rajkot Gems & Jewellery Show.
  • 2019-20: Received Certificate of Lifetime Member of All India Gem & Jewellery Domestic Council.
  • 2019-20: Received Award for Participation in Informa Market ‘Jewellery Connect’ Buyer-Seller Meet.
  • 2020-21: Received National Jewellery Award.
  • 2020-21: Received Certificate of Participation in Jewel Trendz Gems & Jewellery Show.
  • 2021-22: Received Certificate of Participation in 12th Gujarat Gold Jewellery Show.
  • 2021-22: Received Certificate of Participation 16th edition of Jewel Trendz Gems & Jewellery show.
  • 2022-23: Received Certificate of Participation in Maiden B2B Expo.
  • 2022-23: Received Iconic Award for Manufacturer In Bridal Jewellery.
  • 2022-23: Participating in Designer’s Forum Spring 2023 Ahmedabad.
  • 2022-23: Received Certificate of Participation in National Jewellery Award 2023.
  • 2024: Received Certificate of Honour Special Recognition in Excellence in Design and Fusion Jewellery 2024.

History and milestones

  • 2018: Incorporation of company as Private Limited Company.
  • 2024-25: Conversion of Private Limited Company to Public Company.

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