Shringar House of Mangalsutra Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,730 Cr
- P/E
- 22.58
- ROE
- 26.30%
- PEG
- 0.33
- Price to sales
- 1.11
- Debt to equity
- 0.28
- 52W high / low
- ₹319 / ₹167
- Sales growth (5Y)
- 34.49%
- EBITDA margin
- 6.76%
- Net profit margin
- 5.14%
- Promoter holding
- 74.80%
- Sales (last year)
- ₹2,462 Cr
Incorporated in January 2009, Shringar House of Mangalsutra Limited manufactures and designs Mangalsutra in India.[1]
Guidance scorecard · Q1 FY27 call
What Shringar House of Mangalsutra Ltd's management guided
and where it ranks in Consumer Durables
Consumer Durables
RevenueQ4 FY26 call
20–40%- Targeting a minimum 30% CAGR in value growth over the next 2-3 years, provided gold prices remain stable.
- Volume growth in FY '26 was approximately 15%; aiming to increase this to 30-35% in near future if gold prices hold steady.
- Bridal jewellery segment, currently small, expected to grow rapidly and within three years could match or surpass Mangalsutra segment revenue.
- Strategic focus on organized players with reliable payment cycles to improve cash flow and support growth.
2 more points from Shringar House of Mangalsutra Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Shringar House of Mangalsutra Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Shringar House of Mangalsutra Limited expanded manufacturing capacity from 2,500 kgs to 4,000 kgs during Q4 FY '26, with a blended capacity of 2,625 kgs for the year and 87% utilization.
- Installed capacity remains at 4,000 kgs for FY '27, with plans to ramp up production further in upcoming quarters.
- The company invested in new factory infrastructure, including installation of cutting-edge technology and machinery, supporting growth and operational efficiency.
- Strategic entry into the bridal jewellery segment represents a capital investment into broadening the product portfolio.
- New branch office opened in Pune to enhance geographic reach and distribution network in high-potential Western India markets.
2 more points from Shringar House of Mangalsutra Ltd's call on capex
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FundraisingQ4 FY26 call
See what Shringar House of Mangalsutra Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- As of May 2026, Shringar House of Mangalsutra Limited is actively working with 1,333 companies across India and globally.
- Bridal jewellery sales have recently started, initially with Titan, and are expanding to other corporates like Tanishq, Indriya, and Malabar Gold.
- The bridal segment is in an early stage but has received good initial orders, with the first lot supplied to Titan in May 2026.
2 more points from Shringar House of Mangalsutra Ltd's call on the order book
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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%+ | ₹166 Cr | 20.3 | |
| 2 | 40%+ | Up 2%+ | ₹100 Cr | 12.7 | |
| 3 | 40%+ | Up 0–2% | ₹3,249 Cr | 17.4 | |
| 4 | 40%+ | Up 0–2% | ₹2,081 Cr | 18.8 | |
| 5 | 40%+ | Flat | ₹2,429 Cr | 41.1 | |
| 6 | 40%+ | Flat | ₹2,163 Cr | 25.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of Shringar House of Mangalsutra Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Shringar House of Mangalsutra Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 271 | 416 | 391 | 351 | 333 | 529 | 659 | 726 |
| Expenses + | 246 | 392 | 372 | 328 | 291 | 496 | 619 | 681 |
| Operating Profit | 25 | 24 | 20 | 23 | 41 | 33 | 40 | 45 |
| OPM % | 9% | 6% | 5% | 7% | 12% | 6% | 6% | 6% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 23 | 22 | 17 | 20 | 38 | 30 | 40 | 44 |
| Tax % | 25% | 27% | 23% | 25% | 25% | 24% | 25% | 23% |
| Net Profit + | 17 | 16 | 13 | 15 | 29 | 23 | 30 | 34 |
| EPS in Rs | 19.17 | 18.09 | 1.78 | 2.11 | 3.95 | 2.37 | 3.12 | 3.53 |
Financials of Shringar House of Mangalsutra Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 510 | 810 | 950 | 1,102 | 1,430 | 2,246 |
| Expenses + | 490 | 780 | 912 | 1,052 | 1,337 | 2,087 |
| Operating Profit | 21 | 30 | 38 | 50 | 92 | 159 |
| OPM % | 4% | 4% | 4% | 5% | 6% | 7% |
| Other Income + | 0 | 1 | 1 | 1 | 0 | 5 |
| Interest | 2 | 3 | 6 | 6 | 8 | 8 |
| Depreciation | 1 | 1 | 2 | 3 | 3 | 4 |
| Profit before tax | 18 | 27 | 31 | 42 | 82 | 152 |
| Tax % | 27% | 26% | 26% | 26% | 25% | 24% |
| Net Profit + | 13 | 20 | 23 | 31 | 61 | 115 |
| EPS in Rs | 832.40 | 22.86 | 26.35 | 35.09 | 8.47 | 11.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Shringar House of Mangalsutra Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.25 | 9 | 9 | 9 | 72 | 96 |
| Reserves | 53 | 73 | 97 | 128 | 129 | 581 |
| Borrowings + | 23 | 98 | 93 | 110 | 123 | 189 |
| Other Liabilities + | 26 | 15 | 13 | 18 | 52 | 25 |
| Total Liabilities | 102 | 195 | 212 | 265 | 376 | 892 |
| Fixed Assets + | 15 | 51 | 52 | 50 | 50 | 65 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 88 | 145 | 160 | 215 | 326 | 827 |
| Total Assets | 102 | 195 | 212 | 265 | 376 | 892 |
Financials of Shringar House of Mangalsutra Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -5 | -30 | 13 | -14 | -7 | |
| Cash from Investing Activity + | 0 | -36 | -3 | -2 | -3 | |
| Cash from Financing Activity + | 4 | 69 | -9 | 12 | 9 | |
| Net Cash Flow | -1 | 3 | 1 | -4 | -1 | |
| Free Cash Flow | -5 | -66 | 10 | -15 | -10 | |
| CFO/OP | -23% | -86% | 55% | 4% | 10% |
Financials of Shringar House of Mangalsutra Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 14 | 12 | 18 | 20 | 22 | 38 |
| Inventory Days | 47 | 54 | 43 | 51 | 64 | 79 |
| Days Payable | 14 | 3 | 1 | 3 | 12 | 2 |
| Cash Conversion Cycle | 47 | 62 | 60 | 68 | 74 | 116 |
| Working Capital Days | 43 | 29 | 26 | 29 | 39 | 79 |
| ROCE % | 24% | 20% | 22% | 32% | 27% |
Guidance history
How Shringar House of Mangalsutra Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
84 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +31.0% | 78% |
| Last 6 months | +40.3% | 85% |
| Last 3 months | +28.8% | 91% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Shringar House of Mangalsutra Ltd: 0.4 × 78 + 0.4 × 85 + 0.2 × 91 = 84.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Shringar House of Mangalsutra Ltd's management said in earlier quarters
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