As of 6 Nov 2026, SMR Jewels trades at 16.1× trailing earnings, below the industry P/E of 19.6×, and the shares are 44% below their 52-week high. Its ROCE of 48% is the highest among the 7 largest Luxury Goods peers. Debt is 0.18× equity. It is listed on an SME platform with a market cap of ₹153 Cr, ranked 44th of 82 Luxury Goods companies by market cap; the shares fell 20% over the past year.
- ₹84.00
- ₹85.00
- ₹82.00
- ₹84.62
- 21K
Health check
- ReturnsBehind
−20.3% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 16.1 vs industry 19.6.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityStrong
ROCE 47.9% vs peer median 34.2%.
- Balance sheetSolid
Debt 0.18× equity, interest covered 15.0×, Piotroski 6 of 9.
- Red flags2 to check
Quarterly sales down 6.5% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹153 Cr
- Small cap
- P/E
- 16.1
- Industry 19.6
- Price to book
- 1.23
- Peers 8.57
- Dividend yield
- 0.00%
- ROE
- 71.8%
- Peers 29.3%
- ROCE
- 47.9%
- Peers 34.2%
- Debt to equity
- 0.18
- Debt ₹21 Cr
- EPS (TTM)
- ₹5.09
- OPM (TTM)
- 12.2%
- Net margin 7.4%
- Sales growth
- −6.5%
- Latest quarter vs a year ago
- Profit growth
- +55.1%
- Latest quarter vs a year ago
- Price to sales
- 0.37
- EV/EBITDA 3.6
Strengths and risks
Strengths
- Return on equity of 71.8%.
- Return on capital employed of 47.9%.
- Quarterly profit up 55.1% on a year ago.
Risks to check
- Quarterly sales down 6.5% on a year ago.
- 44% below its 52-week high.
About SMR Jewels
SMR Jewels Limited engages in the manufacture, sale, trading, and job work of jewelry and other accessories in India. The company offers designer heritage, theme-based designer heritage, nature-inspired, traditional, jadtar, meenakari, polki, bridal festive and bridal, and daily wear jewelry products. It also provides evara, navgrah, royal renaissance, luxe legacy, Victorian collection, antique auras, buddha collection, cow collection, and motif…
- Headquarters
- Ahmedabad
- Employees
- 25
- Sector
- Consumer Cyclical
- ISIN
- INE11XK01017
- Website
- smrjewels.in
Price range
- Avg volume (3M)
- 37.9K
- 1-year return
- minus 20.3%
- From 52-week high
- minus 43.8%
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% |
| SMRSMR Jewels | 82.11 | minus 2.97% | 153 | 16.1 | 1.23 | 47.9% | 71.8% | 12.2% | – | – | 0.00% | minus 20.3% |
| 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 |
|---|---|
| 100 | |
| 93.7 | |
| 6.2 | |
| 6.2% | |
| −0 | |
| 0.2 | |
| 0 | |
| 6 | |
| 25.5% | |
| 4.5 | |
| 2.40 |
Profit & loss
- ROE
- 71.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| 67.5 | 124 | 263 | |
| – | +84.4% | +111.5% | |
| 65.6 | 118 | 248 | |
| 2 | 6.1 | 15.2 | |
| 2.9% | 4.9% | 5.8% | |
| −0.2 | −0 | −0 | |
| 0.5 | 0.8 | 1 | |
| 0 | 0 | 0.1 | |
| 1.2 | 5.3 | 14.1 | |
| 25.3% | 26.9% | 26.1% | |
| 0.9 | 3.8 | 10.4 | |
| – | +322.8% | +170.8% | |
| 0.49 | 2.06 | 5.58 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| 0 | 0 | 4.9 | |
| 1 | 4.9 | 19.3 | |
| 6.3 | 7.6 | 8.6 | |
| 13.9 | 2.5 | 10.6 | |
| 21.3 | 15.1 | 43.4 | |
| 0.1 | 0.1 | 0.1 | |
| 0.6 | 0.2 | 10.3 | |
| 20.6 | 14.8 | 32.9 | |
| 21.3 | 15.1 | 43.4 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| −1.4 | −1.1 | 1.3 | |
| −0 | −0.1 | −0.1 | |
| 1.4 | 0.7 | 9 | |
| 0 | −0.4 | 10.1 | |
| −0 | −0.1 | −0.1 | |
| −1.4 | −1.1 | 1.2 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 6.6% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.