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On 6 Nov 2026, Ashapuri Gold Ornament was priced at ₹5.98, or 9.6× trailing earnings, against an industry P/E of 19.6×, and the shares are 20% below their 52-week high. Sales and net profit grew 26% and 118% a year over 3 years, with ROCE of 15% and ROE of 12%. It is a small-cap company with a market cap of ₹199 Cr, ranked 43rd of 82 Luxury Goods companies by market cap; the shares rose 24% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹6.00
Day high
₹6.01
Day low
₹5.75
Prev. close
₹5.73
Volume
17.6 L

Health check

2 good · 2 fair · 2 to check
  • ReturnsBehind

    +23.6% over a year, better than 2 of 7 peers.

  • Price tagCheaper

    P/E 9.6 vs industry 19.6.

  • GrowthSteady

    Sales +26.1%, profit +118.2% a year over 3 years.

  • ProfitabilityWeak

    ROCE 15.0% vs peer median 34.2%.

  • Balance sheetFair

    Piotroski 6 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Luxury Goods

81 listed peers. Screen the industry

Small cap

₹199 Cr, #43 of 82 in its industry by size.

Defensive

Beta 0.21 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹329 Cr · profit ₹21 Cr
Market cap
₹199 Cr
Small cap
P/E
9.6
Industry 19.6
Price to book
1.20
Peers 8.57
Dividend yield
0.00%
ROE
11.8%
Peers 29.3%
ROCE
15.0%
Peers 34.2%
Debt to equity
n/a
Debt ₹0.00 Cr
EPS (TTM)
₹0.62
Face value ₹1
OPM (TTM)
8.5%
Net margin 6.3%
Sales growth
+22.4%
Latest quarter vs a year ago
Profit growth
+64.2%
Latest quarter vs a year ago
Price to sales
0.61
EV/EBITDA 6.7

Strengths and risks

Strengths

  • Quarterly profit up 64.2% on a year ago.
  • Quarterly sales up 22.4% on a year ago.
  • P/E of 9.6 against an industry P/E of 19.6.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Ashapuri Gold Ornament

Ashapuri Gold Ornament Limited engages in the manufacture, wholesale, and sale of gold jewelry in India. It offers various jewelry products, such as antique, traditional, and bridal jewelry products, as well as customized jewelry products, including chokers, bangles, necklaces, bracelets, and bespoke designs. The company sells its products under the Kaavis, Arzish, and Maayin brand names. The company was founded in 1997 and is based in Ahmedabad, India.

Headquarters
Ahmedabad
Employees
82
Sector
Consumer Cyclical
ISIN
INE05FR01029
Website
ashapurigold.com

Price range

52 weeks

₹3.83₹7.50

Today

₹5.75₹6.01
Avg volume (3M)
21.2 L
1-year return
plus 23.6%
From 52-week high
minus 20.3%

Peers · Luxury Goods

Compare with peersScreen the whole industry
Company
TITANTitan Company5,000.00plus 3.42%4,43,65663.124.3038.4%37.1%11.6%29.2%16.0%0.30%plus 26.8%
KALYANKJILKalyan Jewellers India590.75plus 5.49%61,01042.69.6626.7%24.3%6.7%36.4%46.1%0.42%plus 7.2%
LALITHAALalithaa Jewellery Mart373.50plus 0.50%20,90521.96.3746.1%41.6%5.7%23.4%61.8%0.00%plus 50.3%
PCJEWELLERPC Jeweller15.77plus 1.35%15,46717.11.6510.3%10.8%24.6%10.7%–0.00%plus 29.0%
SKYGOLDSKY GOLD AND DIAMONDS951.95plus 0.31%14,74337.310.4935.9%33.0%7.5%76.0%145.4%0.00%plus 164.3%
THANGAMAYLThangamayil Jewellery4,148.20minus 4.32%12,89332.98.5734.2%29.3%6.5%39.2%64.0%0.43%plus 42.6%
BLUESTONEBlueStone Jewellery and Lifestyle710.85minus 2.09%10,867102.65.927.7%5.8%17.0%46.8%–0.00%plus 2.0%
AGOLAshapuri Gold Ornament5.98plus 4.36%1999.61.2015.0%11.8%8.5%26.1%118.2%0.00%plus 23.6%
Median of 7 peers–0.50%15,46737.38.5734.2%29.3%7.5%36.4%61.8%0.00%29.0%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
5310291.270.664.8
47.990.983.269.557.4
511.581.17.3
9.5%11.2%8.8%1.6%11.3%
0000.10
00000
0.20.20.20.20.2
4.911.37.817.2
34.8%25.1%29.0%−31.9%27.6%
3.28.55.61.45.2
0.030.250.170.040.16

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+26.1%
Profit CAGR 3Y
+118.2%
EPS CAGR 3Y
+111.7%
ROE
11.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
158165316317
–+4.4%+91.7%+0.3%
154155299292
3.89.91725.6
2.4%6.0%5.4%8.1%
0.10.60.20
0.30.40.40
10.90.80.7
−0.11.200.1
2.410.316.125
25.5%25.4%25.3%25.9%
1.87.71218.6
–+329.3%+56.9%+54.2%
0.060.250.380.56

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
252533.333.3
57.565113133
6.91.80.5–
1.33.766.4
90.795.4153173
8.96.76.65.6
1.4110.3
0.61.687.9
0.10.10.57.4
79.686.1137152
90.795.4153173

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−2.44.7−35.79.3
−0.20.7−8.6−1.8
2.2−5.544.7−0.6
−0.4−0.10.46.9
−0.4−0.3−0.6−0.4
−2.84.4−36.38.9

Shareholding pattern

Source: NSE filings
48.1%
promoters
  • Promoters48.06%
  • Public51.94%
  • As of 9 Oct 2026
QuarterSplitPromotersPublicPromoter change
9 Oct 202648.06%51.94%0.00
30 Sep 202648.06%51.94%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you