Shankesh Jewellers Q1 FY27 Share Price & Earnings Call Analysis

₹90.56+1.47% today
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

#71of 84 in
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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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Shankesh Jewellers said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

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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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Shankesh Jewellers said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

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.
Full Q1 FY27 analysis

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

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3

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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

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹151 Cr13.8
240%+Up 0–2%₹2,267 Cr12.2
340%+Up 0–2%₹1,934 Cr16.9
440%+Flat₹2,338 Cr39.6
540%+Flat₹1,975 Cr20.8
640%+Flat₹528 Cr16.7

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Financials 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 Shareholders88,788

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 2023Mar 2024Mar 2025Mar 2026
Sales +9091,0621,4041,631
Expenses +8871,0331,3381,473
Operating Profit232965158
OPM %2.5%2.7%4.7%10%
Other Income +0000
Interest8111113
Depreciation0111
Profit before tax141754143
Tax %26%26%25%26%
Net Profit +101340107
EPS in Rs37.4045.9341.269.08
Dividend Payout %0%0%0%0%

Financials of Shankesh Jewellers

Balance Sheet

Capital structure and asset base

Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital331059
Reserves455891151
Borrowings +98110146168
Other Liabilities +287326
Total Liabilities174177250404
Fixed Assets +0243
CWIP00012
Investments0000
Other Assets +174175245388
Total Assets174177250404

Financials of Shankesh Jewellers

Cash Flows

Operating, investing and financing cash movement

Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-81-230
Cash from Investing Activity +-0-1-3-13
Cash from Financing Activity +8-02612
Net Cash Flow-0-0-00
Free Cash Flow-80-26-12
CFO/OP-16%21%-15%20%

Financials of Shankesh Jewellers

Ratios

Working capital efficiency and return ratios

Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days18142128
Inventory Days53474460
Days Payable9001
Cash Conversion Cycle61616588
Working Capital Days18202543
ROCE %18%31%50%

What Shankesh Jewellers's management said in earlier quarters

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