Nityas Gems and Jewellery (NITYAS) had a P/E of 17.1× on 6 Nov 2026, below the industry P/E of 19.6×, and the shares are 21% below their 52-week high. It earns ROCE of 31% and ROE of 54%, and sales grew 159% a year over 3 years. Debt is 0.29× equity. It is a small-cap company with a market cap of ₹382 Cr, ranked 37th of 82 Luxury Goods companies by market cap; the shares fell 21% over the past year.
- ₹66.23
- ₹67.90
- ₹64.79
- ₹66.31
- 2.7 L
Health check
- ReturnsBehind
−21.1% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 17.1 vs industry 19.6.
- GrowthStrong
Sales +159.0%, profit +352.8% a year over 3 years.
- ProfitabilityAverage
ROCE 30.6% vs peer median 34.2%.
- Balance sheetSolid
Debt 0.29× equity, interest covered 20.6×.
- Red flags1 to check
Quarterly profit down 13.5% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹382 Cr
- Small cap
- P/E
- 17.1
- Industry 19.6
- Price to book
- 4.58
- Peers 8.57
- Dividend yield
- 0.00%
- ROE
- 54.4%
- Peers 29.3%
- ROCE
- 30.6%
- Peers 34.2%
- Debt to equity
- 0.29
- Debt ₹23 Cr
- EPS (TTM)
- ₹3.87
- Face value ₹5
- OPM (TTM)
- 6.6%
- Net margin 10.6%
- Sales growth
- +20.9%
- Latest quarter vs a year ago
- Profit growth
- −13.5%
- Latest quarter vs a year ago
- Price to sales
- 1.81
- EV/EBITDA 11.9
Strengths and risks
Strengths
- Return on equity of 54.4%.
- Return on capital employed of 30.6%.
- Quarterly sales up 20.9% on a year ago.
Risks to check
- Quarterly profit down 13.5% on a year ago.
About Nityas Gems and Jewellery
Nityas Gems and Jewellery Limited engages in the design, manufacturing, and sale of lab-grown diamond studded gold jewellery in India. The company operates through an integrated business model comprising business-to-business (B2B) manufacturing and distribution to organized retailers, standalone retailers and wholesalers; and direct-to-consumer (D2C) omnichannel retail operations. It engages in procurement and management of raw materials, product…
- Headquarters
- Surat
- Sector
- Consumer Cyclical
- ISIN
- INE211501023
- Website
- nityas.in
Price range
- Avg volume (3M)
- 11 L
- 1-year return
- minus 21.1%
- From 52-week high
- minus 21.1%
Peers · Luxury Goods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TITANTitan Company | 5,000.00 | plus 3.42% | 4,43,656 | 63.1 | 24.30 | 38.4% | 37.1% | 11.6% | 29.2% | 16.0% | 0.30% | plus 26.8% |
| KALYANKJILKalyan Jewellers India | 590.75 | plus 5.49% | 61,010 | 42.6 | 9.66 | 26.7% | 24.3% | 6.7% | 36.4% | 46.1% | 0.42% | plus 7.2% |
| LALITHAALalithaa Jewellery Mart | 373.50 | plus 0.50% | 20,905 | 21.9 | 6.37 | 46.1% | 41.6% | 5.7% | 23.4% | 61.8% | 0.00% | plus 50.3% |
| PCJEWELLERPC Jeweller | 15.77 | plus 1.35% | 15,467 | 17.1 | 1.65 | 10.3% | 10.8% | 24.6% | 10.7% | – | 0.00% | plus 29.0% |
| SKYGOLDSKY GOLD AND DIAMONDS | 951.95 | plus 0.31% | 14,743 | 37.3 | 10.49 | 35.9% | 33.0% | 7.5% | 76.0% | 145.4% | 0.00% | plus 164.3% |
| THANGAMAYLThangamayil Jewellery | 4,148.20 | minus 4.32% | 12,893 | 32.9 | 8.57 | 34.2% | 29.3% | 6.5% | 39.2% | 64.0% | 0.43% | plus 42.6% |
| BLUESTONEBlueStone Jewellery and Lifestyle | 710.85 | minus 2.09% | 10,867 | 102.6 | 5.92 | 7.7% | 5.8% | 17.0% | 46.8% | – | 0.00% | plus 2.0% |
| NITYASNityas Gems and Jewellery | 66.25 | minus 0.09% | 382 | 17.1 | 4.58 | – | 26.7% | 6.6% | 159.0% | 352.8% | 0.00% | minus 21.1% |
| Median of 7 peers | – | 0.50% | 15,467 | 37.3 | 8.57 | 34.2% | 29.3% | 7.5% | 36.4% | 61.8% | 0.00% | 29.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Jun 26 |
|---|---|---|---|
| 35.3 | 53.3 | 42.7 | |
| 30.7 | 46.5 | 38.9 | |
| 4.5 | 6.7 | 3.7 | |
| 12.8% | 12.7% | 8.7% | |
| 0.1 | 0 | 0.1 | |
| 0.1 | 0.4 | 0.5 | |
| 0.1 | 0.6 | 0.9 | |
| −0 | 0.1 | – | |
| 4.4 | 5.8 | 2.4 | |
| 17.4% | 15.8% | 9.0% | |
| 3.6 | 5.3 | 3.2 | |
| 0.63 | – | 0.55 |
Profit & loss
- Sales CAGR 3Y
- +159.0%
- Profit CAGR 3Y
- +352.8%
- EPS CAGR 3Y
- +352.8%
- ROE
- 54.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.7 | 53.7 | 96.8 | 203 | |
| – | +359.8% | +80.5% | +109.5% | |
| 11.2 | 48.2 | 83.9 | 172 | |
| 0.5 | 5.5 | 12.9 | 30.9 | |
| 4.2% | 10.2% | 13.3% | 15.2% | |
| −0 | −0 | −0 | 0.2 | |
| 0 | 0.2 | 0.4 | 1.4 | |
| 0.1 | 0.4 | 0.5 | 2.6 | |
| – | – | – | −0.2 | |
| 0.3 | 4.9 | 11.9 | 26.9 | |
| 20.5% | 18.3% | 17.7% | 17.1% | |
| 0.2 | 4 | 9.8 | 22.8 | |
| – | +1543.3% | +143.2% | +132.6% | |
| 0.04 | 0.70 | 1.70 | 3.95 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1 | 1 | 1.2 | 21.6 | |
| 0.2 | 4.3 | 20.1 | 40.9 | |
| 1.3 | 3.7 | 7.6 | 23.4 | |
| 3.5 | 2.8 | 10.9 | 30.6 | |
| 6.1 | 11.7 | 39.9 | 116 | |
| 1.1 | 2 | 2.1 | 17.7 | |
| – | 0 | 0 | 0 | |
| 0.2 | 0.1 | 0.3 | 0.5 | |
| 4.7 | 9.6 | 37.4 | 98.1 | |
| 6.1 | 11.7 | 39.9 | 116 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −0.8 | −1.1 | −10.1 | −14.7 | |
| −1.3 | −0.8 | −0.4 | −2 | |
| 2.3 | 1.7 | 10.7 | 16.9 | |
| 0.2 | −0.2 | 0.2 | 0.1 | |
| −1.3 | −0.8 | −0.5 | −2 | |
| −2.1 | −1.9 | −10.5 | −16.7 |
Shareholding pattern
- Promoters43.51%
- Public56.49%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 7 Oct 2026 | 43.51% | 56.49% | – |
Major shareholders
Filings & events
News
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