Trading · Founded 1995 · www.lypsa.in · BSE 534532 · NSE AURUS · ISIN INE142K01011
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Business
Lypsa Gems & Jewellery Ltd. is an Indian company primarily engaged in the trading of gems and jewellery. Its core business model involves sourcing rough and/or polished diamonds and other precious stones, potentially processing them (e.g., cutting, polishing), and then selling them to wholesalers, retailers, and jewellery manufacturers. The company generates revenue through the margins earned on these trading activities.
Revenue Mix
Specific detailed breakdowns of revenue contribution by different product segments (e.g., rough diamonds, polished diamonds, specific types of gemstones, or finished jewellery) are not readily available in public domains. However, based on its name and industry, its revenue is primarily derived from the trading of diamonds and potentially other precious and semi-precious stones.
Industry
The Indian gems and jewellery industry is a significant global player, particularly in diamond cutting and polishing, and is highly competitive and fragmented. It is characterized by numerous small, medium, and large players involved in various stages from mining to retail. As a trading company, Lypsa Gems & Jewellery Ltd. operates within this ecosystem, likely positioning itself as a supplier to other manufacturers or retailers. Its standing relative to larger, more integrated players or established brands would typically be that of a mid-to-smaller scale participant in the trading segment.
MOAT
Lypsa Gems & Jewellery Ltd. likely possesses a limited durable competitive advantage. In the highly commoditized and fragmented gems trading sector, strong moats are rare. Brand recognition is often critical for retail-focused companies but less so for pure traders. While established relationships with suppliers and buyers are important, they are not proprietary and can be replicated. Scale can offer some purchasing power, but switching costs for customers are generally low, making it difficult to sustain above-average returns through a strong moat.
Growth Drivers
Increasing Disposable Incomes: Growth in disposable incomes in India and key export markets drives demand for jewellery.
Changing Fashion Trends: Evolving consumer preferences and design trends can stimulate new purchases.
Export Opportunities: India's strong position in the global diamond and jewellery supply chain offers export potential.
Online Retail Penetration: Increasing adoption of e-commerce platforms could expand market reach for jewellery.
Wedding and Festive Demand: The strong cultural significance of jewellery in Indian weddings and festivals provides a stable demand base.
Risks
Commodity Price Volatility: Fluctuations in the prices of rough diamonds, gold, and other precious metals can impact profitability.
Economic Slowdown: A downturn in the global or domestic economy can significantly reduce consumer discretionary spending on luxury items like jewellery.
Regulatory Changes: Changes in import/export policies, taxation, or environmental regulations can affect operations.
Intense Competition: The fragmented nature of the industry leads to significant competition, impacting margins.
Credit Risk: As a trading company, it may face credit risks from buyers or challenges in securing adequate financing.
Management & Ownership
Lypsa Gems & Jewellery Ltd. is likely a promoter-led company, which is common in India. Detailed public information regarding the specific background and track record of its key managerial personnel (KMP) and the quality of corporate governance beyond standard compliance would require deeper analysis of their annual reports and public disclosures. Ownership is typically concentrated among the promoter family and related entities.
Outlook
The outlook for Lypsa Gems & Jewellery Ltd. presents a mixed picture. The company benefits from being part of India's robust gems and jewellery industry, which is poised for growth driven by domestic consumption and export demand. Expansion into new markets or segments within the value chain could offer opportunities. However, the company operates in a highly competitive and fragmented trading sector with relatively low barriers to entry and intense price sensitivity. It faces risks from volatile commodity prices, economic downturns affecting discretionary spending, and the lack of a strong, durable competitive advantage. Its performance will largely depend on its ability to manage inventory efficiently, maintain strong supplier and customer relationships, and navigate external economic and market dynamics effectively.
| #(Fig in Cr.) | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 4 | 8 | 2 | 4 | 0 | 3 | 1 | 3 | 7 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 4 | 8 | 2 | 4 | 0 | 3 | 1 | 3 | 7 |
| Total Expenditure | 0 | 3 | 53 | 2 | 4 | 0 | 36 | 1 | 3 | 22 |
| Operating Profit | 0 | 0 | -44 | 0 | 0 | 0 | -33 | 0 | 0 | -15 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | -44 | 0 | 0 | 0 | -33 | 0 | 0 | -15 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Profit After Tax | 0 | 0 | -44 | 0 | 0 | 0 | -33 | 0 | 0 | -15 |
| Adjustments | 0 | 0 | 0 | -0 | -0 | 0 | 0 | -0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | -44 | 0 | 0 | 0 | -33 | 0 | 0 | -15 |
| Adjusted Earnings Per Share | 0 | 0 | -15 | 0 | 0 | 0 | -11.1 | 0 | 0 | -5.2 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 328 | 535 | 592 | 477 | 261 | 320 | 200 | 14 | 13 | 9 | 17 | 14 |
| Other Income | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 329 | 536 | 592 | 478 | 261 | 320 | 200 | 14 | 13 | 9 | 17 | 14 |
| Total Expenditure | 322 | 522 | 568 | 455 | 235 | 292 | 185 | 14 | 57 | 42 | 32 | 62 |
| Operating Profit | 7 | 14 | 24 | 23 | 26 | 29 | 15 | 0 | -44 | -32 | -15 | -48 |
| Interest | 2 | 3 | 4 | 3 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 6 | 11 | 20 | 19 | 22 | 28 | 14 | -0 | -44 | -33 | -15 | -48 |
| Provision for Tax | 1 | 2 | 2 | 1 | 0 | -0 | 0 | -0 | 0 | 0 | -0 | 0 |
| Profit After Tax | 4 | 9 | 18 | 19 | 21 | 28 | 14 | -0 | -44 | -33 | -15 | -48 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 4 | 9 | 18 | 19 | 21 | 28 | 14 | -0 | -44 | -33 | -15 | -48 |
| Adjusted Earnings Per Share | 1.4 | 3.2 | 6.1 | 6.3 | 7.3 | 9.5 | 4.9 | -0 | -15 | -11.1 | -5.1 | -16.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 89% | 7% | -44% | -26% |
| Operating Profit CAGR | 0% | 0% | NAN% | NAN% |
| PAT CAGR | 0% | 0% | NAN% | NAN% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -28% | -8% | -3% | -20% |
| ROE Average | -63% | -62% | -35% | -0% |
| ROCE Average | -45% | -51% | -29% | 0% |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 27 | 35 | 52 | 72 | 92 | 120 | 140 | 102 | 64 | 32 | 16 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 144 | 217 | 230 | 278 | 255 | 152 | 226 | 176 | 55 | 43 | 49 |
| Total Liabilities | 171 | 252 | 282 | 351 | 347 | 273 | 366 | 279 | 119 | 76 | 65 |
| Fixed Assets | 2 | 3 | 5 | 6 | 5 | 5 | 5 | 3 | 3 | 3 | 3 |
| Other Non-Current Assets | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 168 | 248 | 276 | 344 | 341 | 267 | 361 | 275 | 116 | 73 | 63 |
| Total Assets | 171 | 252 | 282 | 351 | 347 | 273 | 366 | 279 | 119 | 76 | 65 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 5 | 9 | 18 | 10 | 7 | 1 | 0 | 0 | 1 | 0 | 0 |
| Cash Flow from Operating Activities | 2 | 9 | -0 | 3 | 2 | 1 | 0 | 7 | 7 | -0 | -7 |
| Cash Flow from Investing Activities | -2 | -1 | -1 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Financing Activities | 3 | 2 | -6 | -6 | -8 | -0 | 0 | -7 | -7 | 0 | 7 |
| Net Cash Inflow / Outflow | 3 | 9 | -8 | -4 | -6 | 0 | 0 | 0 | -0 | -0 | 0 |
| Closing Cash & Cash Equivalent | 9 | 18 | 10 | 7 | 1 | 1 | 0 | 1 | 0 | 0 | 0 |
| # | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.38 | 3.21 | 6.07 | 6.34 | 7.29 | 9.52 | 4.89 | -0.03 | -14.96 | -11.09 | -5.15 |
| CEPS(Rs) | 1.4 | 3.27 | 6.19 | 6.5 | 7.43 | 9.65 | 5.01 | 0.06 | -14.86 | -11.01 | -5.07 |
| DPS(Rs) | 0.5 | 0.5 | 0.35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 9.07 | 11.9 | 17.76 | 24.56 | 31.14 | 40.7 | 47.35 | 34.64 | 21.68 | 10.75 | 5.59 |
| Core EBITDA Margin(%) | 2.11 | 2.45 | 3.98 | 4.7 | 9.74 | 8.82 | 7.44 | -0.23 | -332.15 | -341.94 | -89.76 |
| EBIT Margin(%) | 2.26 | 2.55 | 4.01 | 4.7 | 9.66 | 8.81 | 7.36 | -0.81 | -334.21 | -344.43 | -91.04 |
| Pre Tax Margin(%) | 1.68 | 2.06 | 3.33 | 4.04 | 8.26 | 8.77 | 7.23 | -0.81 | -334.21 | -344.43 | -91.04 |
| PAT Margin (%) | 1.24 | 1.77 | 3.02 | 3.92 | 8.24 | 8.77 | 7.21 | -0.61 | -334.23 | -344.86 | -90.93 |
| Cash Profit Margin (%) | 1.26 | 1.8 | 3.08 | 4.02 | 8.41 | 8.89 | 7.39 | 1.33 | -332.17 | -342.38 | -89.65 |
| ROA(%) | 2.67 | 4.46 | 6.69 | 5.91 | 6.16 | 9.06 | 4.52 | -0.03 | -22.14 | -33.57 | -21.52 |
| ROE(%) | 16.13 | 30.57 | 40.91 | 29.95 | 26.18 | 26.51 | 11.11 | -0.07 | -53.11 | -68.41 | -62.97 |
| ROCE(%) | 20.54 | 26.25 | 32.38 | 22.97 | 22.83 | 21.74 | 9.5 | -0.08 | -47.55 | -60.63 | -45.15 |
| Receivable days | 132.42 | 110.68 | 131.12 | 206.08 | 448.14 | 343.19 | 565 | 8184.13 | 5376.01 | 3586.85 | 1435.79 |
| Inventory Days | 24.99 | 19.36 | 18.97 | 23.58 | 25.37 | 2.29 | 3.11 | 29.5 | 24.44 | 26.16 | 33.71 |
| Payable days | 135.15 | 117.54 | 134.45 | 180.55 | 369.92 | 224.58 | 323.32 | 4799.4 | 2982.56 | 1702.52 | 807.91 |
| PER(x) | 46.42 | 24.16 | 7.53 | 9.66 | 6.6 | 1.96 | 1.52 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 7.07 | 6.51 | 2.57 | 2.49 | 1.54 | 0.46 | 0.16 | 0.17 | 0.17 | 0.51 | 1.1 |
| Dividend Yield(%) | 0.37 | 0.31 | 0.55 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.61 | 0.43 | 0.27 | 0.43 | 0.63 | 0.24 | 0.24 | 2.15 | 1.24 | 2.29 | 1.84 |
| EV/Core EBITDA(x) | 26.86 | 16.72 | 6.74 | 9 | 6.44 | 2.71 | 3.18 | 189.69 | -0.37 | -0.67 | -2.05 |
| Net Sales Growth(%) | 26.41 | 63.02 | 10.53 | -19.4 | -45.34 | 22.76 | -37.54 | -92.99 | -5.92 | -28.11 | 75.93 |
| EBIT Growth(%) | -35.96 | 83.65 | 73.89 | -5.55 | 12.3 | 11.94 | -47.81 | -100.78 | 0 | 25.91 | 53.5 |
| PAT Growth(%) | 93.98 | 132.16 | 89.3 | 4.45 | 15.02 | 30.6 | -48.65 | -100.6 | 0 | 25.82 | 53.61 |
| EPS Growth(%) | 93.97 | 132.16 | 89.3 | 4.45 | 15.02 | 30.6 | -48.65 | -100.6 | 0 | 25.82 | 53.61 |
| Debt/Equity(x) | 0.79 | 0.6 | 0.73 | 0.45 | 0.26 | 0.2 | 0.19 | 0.13 | 0.09 | 0.19 | 0.79 |
| Current Ratio(x) | 1.16 | 1.14 | 1.2 | 1.24 | 1.34 | 1.75 | 1.6 | 1.56 | 2.11 | 1.67 | 1.29 |
| Quick Ratio(x) | 1.01 | 0.98 | 1.09 | 1.11 | 1.33 | 1.74 | 1.59 | 1.55 | 2.1 | 1.65 | 1.24 |
| Interest Cover(x) | 3.85 | 5.18 | 5.84 | 7.12 | 6.89 | 216.55 | 55.43 | 0 | 0 | 0 | 0 |
| Total Debt/Mcap(x) | 0.11 | 0.09 | 0.28 | 0.18 | 0.17 | 0.43 | 1.21 | 0.77 | 0.55 | 0.38 | 0.72 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 36.37 | 36.37 | 36.37 | 36.37 | 36.37 | 36.37 | 36.37 | 36.37 | 36.37 | 36.37 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 |
| Public | 63.39 | 63.39 | 63.39 | 63.39 | 63.39 | 63.39 | 63.39 | 63.39 | 63.39 | 63.39 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 1.87 | 1.87 | 1.87 | 1.87 | 1.87 | 1.87 | 1.87 | 1.87 | 1.87 | 1.87 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +89% | +7% | -44% | -26% |
| Operating Profit CAGR | — | — | 0% | 0% |
| PAT CAGR | — | — | 0% | 0% |
| Share Price CAGR | -28% | -8% | -3% | -20% |
| ROE Average | -63% | -62% | -35% | 0% |
| ROCE Average | -45% | -51% | -29% | 0% |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 36.37 | 36.37 | 36.37 | 36.37 | 36.37 | 36.37 | 36.37 | 36.37 | 36.37 | 36.37 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 |
| Public | 63.39 | 63.39 | 63.39 | 63.39 | 63.39 | 63.39 | 63.39 | 63.39 | 63.39 | 63.39 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 1.87 | 1.87 | 1.87 | 1.87 | 1.87 | 1.87 | 1.87 | 1.87 | 1.87 | 1.87 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 | 2.95 |
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