Shringar House of Mangalsutra Ltd
NSE: SHRINGARMS BSE: 544512
Incorporated in January 2009, Shringar House of Mangalsutra Limited manufactures and designs Mangalsutra in India.[1]
₹204
52W: ₹166 — ₹266
PE 20.3 · Book ₹63.4 · +222% vs bookMarket Cap₹1,963 Cr
Stock P/E20.3Price to Earnings
ROCE31.6%Return on Capital
ROE36.2%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company has a good return on equity (ROE) track record: 3 Years ROE 30.1%
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Company might be capitalizing the interest cost
Shareholding Pattern
Promoters74.8%
FIIs5.77%
DIIs1.53%
Public17.88%
| Category | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|
| Promoters | 74.8% | 74.8% | 74.8% |
| FIIs | 3.95% | 3.36%▼0.6 | 5.77%▲2.4 |
| DIIs | 3.8% | 1.69%▼2.1 | 1.53%▼0.2 |
| Public | 17.44% | 20.14%▲2.7 | 17.88%▼2.3 |
Financial Statements
| Metric | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Sales | 271 | 416 | 391 | 351 | 333 | 529 | 659 |
| Expenses | 246 | 392 | 372 | 328 | 291 | 496 | 619 |
| Operating Profit | 25 | 24 | 20 | 23 | 41 | 33 | 40 |
| OPM % | 9% | 6% | 5% | 7% | 12% | 6% | 6% |
| Net Profit | 17 | 16 | 13 | 15 | 29 | 23 | 30 |
| EPS ₹ | 19.17 | 18.09 | 1.78 | 2.11 | 3.95 | 2.37 | 3.12 |
AI Insights
Revenue Trend
TTM revenue at ₹1,872Cr, up 30.9% YoY. OPM at 7%.
Debt Position
Borrowings at ₹185Cr. Debt-to-equity ratio: 0.36x. Healthy balance sheet.
Margin & Efficiency
ROCE improving from 0% (Mar 2021) to 32% (Mar 2025). Working capital days: 39.
Valuation
PE 20.3x with 31.6% ROCE. Price is 222% above book value of ₹63.4. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 6 May - CRISIL report confirms IPO proceeds utilization for quarter ended March 31, 2026, with no deviations.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Apr - Intimation pursuant to Regulation 30(6) of SEBI (LODR) Regulations, 2015 for interaction with Investors/Analysts. This is in reference to Regulation 30(6) of SEBI (LODR) Regulations, …
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 7 Apr - Company launched gold bridal jewellery and generated its first invoice for a client on 7 April 2026.
- Intimation Under Regulation 30 Read With Schedule III Of SEBI (LODR) Regulations, 2015 - Launch Of New Product Category 'Bridal Jewelry' 7 Apr - Shringar House launched Bridal Jewelry category for domestic market on 7 April 2026.
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 6 Apr - Annual large corporate disclosure for FY2025-26 filed; company not classified as LC, borrowings nil.
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