Varyaa Creations (BSE: VARYAA) had a P/E of 24.5× on 4 Nov 2026, above the industry P/E of 19.6×, and the shares are 40% below their 52-week high. Its ROCE of 5.0% is the lowest among the 7 largest Luxury Goods peers, and sales grew 88% a year over 3 years while net profit fell 13%. Debt is 0.18× equity. It is listed on an SME platform with a market cap of ₹13 Cr, ranked 77th of 82 Luxury Goods companies by market cap; the shares fell 34% over the past year.
- ₹26.50
- ₹26.50
- ₹26.50
- ₹26.50
- 3K
Health check
- ReturnsBehind
−33.8% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 24.5 vs industry 19.6.
- GrowthSteady
Sales +88.3%, profit −13.0% a year over 3 years.
- ProfitabilityWeak
ROCE 5.0% vs peer median 34.2%.
- Balance sheetFair
Debt 0.18× equity, interest covered 5.7×, Piotroski 4 of 9.
- Red flags2 to check
Return on equity is low at 2.2%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹13 Cr
- Small cap
- P/E
- 24.5
- Industry 19.6
- Price to book
- 0.53
- Peers 8.57
- Dividend yield
- 0.00%
- ROE
- 2.2%
- Peers 29.3%
- ROCE
- 5.0%
- Peers 34.2%
- Debt to equity
- 0.18
- Debt ₹4.33 Cr
- EPS (TTM)
- ₹1.08
- OPM (TTM)
- 1.2%
- Net margin 1.5%
- Sales growth
- +58.3%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.36
- EV/EBITDA 12.8
Strengths and risks
Strengths
- Quarterly sales up 58.3% on a year ago.
Risks to check
- Return on equity is low at 2.2%.
- 40% below its 52-week high.
About Varyaa Creations
Varyaa Creations Limited engages in the manufacture and trading of gold ornaments, precious metals and stones, and diamonds in India. The company offers gemstones, birthstones, lab-grown diamonds, and customized jewelry, as well as gold and silver coins, bars, and bullions. Varyaa Creations Limited was incorporated in 2005 and is based in Mumbai, India.
- Headquarters
- Mumbai
- Employees
- 9
- Sector
- Consumer Cyclical
- ISIN
- INE0R6801013
- Website
- varyaacreations.com
Price range
- Avg volume (3M)
- 1.3K
- 1-year return
- minus 33.8%
- From 52-week high
- minus 39.6%
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% |
| VARYAAVaryaa Creations | 26.50 | 0.00% | 13 | 24.5 | 0.53 | 5.0% | 2.2% | 1.2% | 88.3% | −13.0% | 0.00% | minus 33.8% |
| 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
- +88.3%
- Profit CAGR 3Y
- −13.0%
- ROE
- 2.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.2 | 21.4 | 31.3 | 34.9 | |
| – | +309.4% | +46.5% | +11.4% | |
| 4.2 | 17.8 | 30.4 | 33.6 | |
| 1 | 3.6 | 0.9 | 1.3 | |
| 19.4% | 16.9% | 2.9% | 3.7% | |
| 0.1 | 0.4 | 0 | −0.1 | |
| 0 | – | 0 | 0.2 | |
| 0 | 0 | 0 | 0 | |
| −0 | – | −0 | – | |
| 1.1 | 4 | 0.9 | 1 | |
| 28.6% | 25.1% | 51.8% | 47.4% | |
| 0.8 | 3 | 0.4 | 0.5 | |
| – | +282.5% | minus 86.1% | +23.4% | |
| 1.65 | 8.75 | 0.88 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.2 | 3.5 | 4.8 | 4.8 | |
| 0.4 | 0.2 | 18.8 | 19.4 | |
| – | – | – | 4.3 | |
| 19.4 | 4.9 | 1.9 | 1.1 | |
| 20 | 8.5 | 25.5 | 29.6 | |
| 0 | 0 | 0 | 0 | |
| 3.8 | 0.1 | 0.1 | 0.3 | |
| 16.2 | 8.4 | 25.4 | 29.3 | |
| 20 | 8.5 | 25.5 | 29.6 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.8 | −3.7 | −19.5 | −3.9 | |
| −0 | −0 | −0 | −0 | |
| −0 | – | 19.6 | 4.1 | |
| 3.8 | −3.7 | 0.1 | 0.1 | |
| −0 | −0 | −0 | −0 | |
| 3.8 | −3.7 | −19.5 | −4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.