On 6 Nov 2026, Shankesh Jewellers was priced at ₹91.56, or 12.6× trailing earnings, against an industry P/E of 19.6×, and the shares are 21% below their 52-week high. Sales and net profit grew 21% and 117% a year over 3 years; its ROCE of 74% is the highest among the 7 largest Luxury Goods peers. Debt is 0.12× equity. It is a small-cap company with a market cap of ₹1,346 Cr, ranked 28th of 82 Luxury Goods companies by market cap; the shares fell 3.4% over the past year.
- ₹91.00
- ₹92.40
- ₹90.06
- ₹90.84
- 12.1 L
Health check
- ReturnsBehind
−3.4% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 12.6 vs industry 19.6.
- GrowthSteady
Sales +21.5%, profit +116.9% a year over 3 years.
- ProfitabilityStrong
ROCE 74.4% vs peer median 34.2%.
- Balance sheetSolid
Debt 0.12× equity, interest covered 12.2×, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,346 Cr
- Small cap
- P/E
- 12.6
- Industry 19.6
- Price to book
- 2.23
- Peers 8.57
- Dividend yield
- 0.00%
- ROE
- 68.8%
- Peers 29.3%
- ROCE
- 74.4%
- Peers 34.2%
- Debt to equity
- 0.12
- Debt ₹66 Cr
- EPS (TTM)
- ₹7.26
- Face value ₹5
- OPM (TTM)
- 6.5%
- Net margin 6.7%
- Sales growth
- +50.2%
- Latest quarter vs a year ago
- Profit growth
- +3.1%
- Latest quarter vs a year ago
- Price to sales
- 0.68
- EV/EBITDA 6.5
Strengths and risks
Strengths
- Return on equity of 68.8%.
- Return on capital employed of 74.4%.
- Quarterly sales up 50.2% on a year ago.
- P/E of 12.6 against an industry P/E of 19.6.
About Shankesh Jewellers
Shankesh Jewellers Limited provides handcrafted gold jewelry products and customization services in India. The company provides wholesale trade of 22-karat and 18-karat gold jewellery, including bangles, bridal jewellery, chokers, jhumkas, long and short necklace sets, mangal sutras, rings, and combined jewellery set in categories, such as antique, semi-antique, Calcutta, temple, gheru polish, and yellow/rhodium/rose gold jewellery. The company serves…
- Headquarters
- Mumbai
- Sector
- Consumer Cyclical
- ISIN
- INE1WFC01025
- Website
- shankeshjewellers.com
Price range
- Avg volume (3M)
- 71.6 L
- 1-year return
- minus 3.4%
- From 52-week high
- minus 21.0%
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% |
| SHANKESHShankesh Jewellers | 91.56 | plus 0.79% | 1,346 | 12.6 | 2.23 | 74.4% | 68.8% | 14.4% | 21.5% | 116.9% | 0.00% | minus 3.4% |
| 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
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- +21.5%
- Profit CAGR 3Y
- +116.9%
- EPS CAGR 3Y
- +116.9%
- ROE
- 68.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 909 | 1,062 | 1,404 | 1,631 | |
| – | +16.8% | +32.2% | +16.2% | |
| 887 | 1,033 | 1,338 | 1,473 | |
| 22.6 | 28.6 | 65.3 | 158 | |
| 2.5% | 2.7% | 4.7% | 9.7% | |
| −0.4 | −0.4 | −0.5 | −0.4 | |
| 8 | 10.3 | 10 | 12.8 | |
| 0.2 | 0.8 | 0.8 | 1.3 | |
| – | 0.1 | – | 0 | |
| 14 | 17.2 | 54 | 143 | |
| 25.6% | 25.6% | 25.4% | 25.6% | |
| 10.4 | 12.8 | 40.3 | 107 | |
| – | +22.7% | +214.5% | +164.6% | |
| 0.71 | 0.87 | 2.74 | 7.26 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.8 | 2.8 | 9.8 | 58.8 | |
| 44.7 | 57.5 | 90.8 | 151 | |
| 98.4 | 110 | 146 | 168 | |
| 28.4 | 7 | 3.3 | 26.5 | |
| 174 | 177 | 250 | 404 | |
| 0.4 | 2.3 | 4.1 | 15.5 | |
| – | – | – | 12.5 | |
| 0.2 | 0.2 | 0.4 | 3.5 | |
| 174 | 175 | 245 | 372 | |
| 174 | 177 | 250 | 404 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −7.5 | 1.5 | −23.1 | 0.3 | |
| 0 | −1 | −2.9 | −12.7 | |
| 7.5 | −0.5 | 25.8 | 12.4 | |
| 0 | −0 | −0.2 | 0 | |
| −0 | −1.2 | −2.8 | −12.7 | |
| −7.6 | 0.3 | −25.9 | −12.4 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 2.2% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.