Shankesh Jewellers Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,332 Cr
- P/E
- 12.48
- ROE
- 68.80%
- PEG
- 0.10
- Price to sales
- 0.82
- Debt to equity
- 0.80
- 52W high / low
- ₹116 / ₹86.6
- EBITDA margin
- 9.68%
- Net profit margin
- 6.54%
- Promoter holding
- 69.53%
- Sales (last year)
- ₹1,631 Cr
Incorporated in 2005, Shankesh Jewellers Limited is engaged in the business of manufacturing and providing customised handcrafted gold jewellery.[1]
Guidance scorecard · Q1 FY27 call
What Shankesh Jewellers's management guided
and where it ranks in Consumer Durables
Consumer Durables
RevenueQ1 FY27 call
10–20%- Shankesh Jewellers expects to maintain or improve its current growth pace, having shown strong growth over the past few years with a 3-year CAGR in revenue of approximately 21.5%.
- Growth avenues include adding new customers, deepening relationships with existing ones, entering new markets, and increasing volumes with improved profitability.
- Volume sold is expected to be stable with growth driven more by better product mix and customer relationships rather than volume increases, as Q1 FY27 volume remained approximately the same as Q1 FY26.
- The company can scale production by leveraging contract manufacturers and their large karigar workforce, enabling 30%-50% growth through existing job workers.
2 more points from Shankesh Jewellers's call on revenue
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MarginsQ1 FY27 call
FlatSee what Shankesh Jewellers said on margins — free account, 30 seconds.
CapexQ1 FY27 call
- The company follows an asset-light model, primarily relying on job workers and contract manufacturers for production.
- Manufacturing facilities are largely under job workers, enabling scalability without heavy capital expenditure.
- Equity funds from the IPO are planned primarily to support working capital needs, not for capital investments.
2 more points from Shankesh Jewellers's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Shankesh Jewellers said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Discussions indicate variability in orders, for example, Q1 results reflect regular business without IPO investment impact.
- The company sees fluctuations in order types, e.g., large orders for 18-karat gold in one quarter may not repeat the next.
- Growth outlook suggests continued scaling, implying increasing order volumes over time.
- Management emphasizes the ability to acquire more customers and scale operations with sufficient equity and working capital without citing definitive pending order amounts.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹151 Cr | 13.8 | |
| 2 | 40%+ | Up 0–2% | ₹2,267 Cr | 12.2 | |
| 3 | 40%+ | Up 0–2% | ₹1,934 Cr | 16.9 | |
| 4 | 40%+ | Flat | ₹2,338 Cr | 39.6 | |
| 5 | 40%+ | Flat | ₹1,975 Cr | 20.8 | |
| 6 | 40%+ | Flat | ₹528 Cr | 16.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of Shankesh Jewellers
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Shankesh Jewellers
Shareholding breakup across reporting periods.
| Aug 2026 | |
|---|---|
| Promoters + | 69.53% |
| FIIs + | 7.36% |
| DIIs + | 5.97% |
| Government + | 0.10% |
| Public + | 17.05% |
| No. of Shareholders | 88,788 |
Financials of Shankesh Jewellers
Quarterly Results
Quarter-by-quarter operating performance
| Sales + |
| Expenses + |
| Operating Profit |
| OPM % |
| Other Income + |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| Net Profit + |
| EPS in Rs |
Financials of Shankesh Jewellers
Profit & Loss
Annual income statement trend
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales + | 909 | 1,062 | 1,404 | 1,631 |
| Expenses + | 887 | 1,033 | 1,338 | 1,473 |
| Operating Profit | 23 | 29 | 65 | 158 |
| OPM % | 2.5% | 2.7% | 4.7% | 10% |
| Other Income + | 0 | 0 | 0 | 0 |
| Interest | 8 | 11 | 11 | 13 |
| Depreciation | 0 | 1 | 1 | 1 |
| Profit before tax | 14 | 17 | 54 | 143 |
| Tax % | 26% | 26% | 25% | 26% |
| Net Profit + | 10 | 13 | 40 | 107 |
| EPS in Rs | 37.40 | 45.93 | 41.26 | 9.08 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Financials of Shankesh Jewellers
Balance Sheet
Capital structure and asset base
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 10 | 59 |
| Reserves | 45 | 58 | 91 | 151 |
| Borrowings + | 98 | 110 | 146 | 168 |
| Other Liabilities + | 28 | 7 | 3 | 26 |
| Total Liabilities | 174 | 177 | 250 | 404 |
| Fixed Assets + | 0 | 2 | 4 | 3 |
| CWIP | 0 | 0 | 0 | 12 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets + | 174 | 175 | 245 | 388 |
| Total Assets | 174 | 177 | 250 | 404 |
Financials of Shankesh Jewellers
Cash Flows
Operating, investing and financing cash movement
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from Operating Activity + | -8 | 1 | -23 | 0 |
| Cash from Investing Activity + | -0 | -1 | -3 | -13 |
| Cash from Financing Activity + | 8 | -0 | 26 | 12 |
| Net Cash Flow | -0 | -0 | -0 | 0 |
| Free Cash Flow | -8 | 0 | -26 | -12 |
| CFO/OP | -16% | 21% | -15% | 20% |
Financials of Shankesh Jewellers
Ratios
Working capital efficiency and return ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 18 | 14 | 21 | 28 |
| Inventory Days | 53 | 47 | 44 | 60 |
| Days Payable | 9 | 0 | 0 | 1 |
| Cash Conversion Cycle | 61 | 61 | 65 | 88 |
| Working Capital Days | 18 | 20 | 25 | 43 |
| ROCE % | 18% | 31% | 50% |
Continue your research
What Shankesh Jewellers's management said in earlier quarters
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