Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹433 Cr.
Stock P/E
19.4
P/B
2.5
Current Price
₹75.2
Book Value
₹ 29.7
Face Value
5
52W High
₹86.1
52W Low
₹ 72.2
Dividend Yield
0%

Nityas Gems And Jewe Overview

Business

Nityas Gems And Jewellery Ltd. (NITYAS) operates within the Diamond & Jewellery sector in India. The company is primarily engaged in the business of manufacturing, trading, and retailing of gold and diamond jewellery, along with other precious stones. Its core business model involves sourcing raw materials (gold, diamonds, gemstones), designing and manufacturing jewellery pieces, and then selling them through various channels, which could include wholesale distribution, direct-to-consumer retail stores, or online platforms. The company makes money through the sale of these finished jewellery products, earning a margin on the cost of materials, manufacturing, and overheads.

Revenue Mix

Specific detailed segment-wise revenue breakdown for Nityas Gems And Jewellery Ltd. is not readily available in public domains. However, typical revenue streams for companies in this industry include:

Studded Jewellery: Sale of diamond and other gemstone-studded gold or platinum jewellery.

Plain Gold Jewellery: Sale of gold ornaments and articles.

Custom Design/Manufacturing: Potentially providing bespoke jewellery services or manufacturing for other brands.

Given its sector, the primary contribution would likely come from the sale of finished jewellery, with a mix between plain gold and studded items depending on market trends and company focus.

Industry

The Indian Diamond & Jewellery industry is one of the largest globally, characterized by its significant cultural demand, large wedding market, and growing disposable incomes. It is highly fragmented, with a mix of large national players, regional chains, and a vast unorganized sector. Nityas Gems And Jewellery Ltd., as an NSE-listed company, likely operates in the organized segment. Its positioning would generally be as a smaller to mid-sized player within this competitive landscape, competing with established national brands, other regional players, and the significant unorganized market. Differentiation often comes from design, craftsmanship, pricing, and local customer trust.

MOAT

Given its likely scale and the nature of the Indian jewellery market, Nityas Gems And Jewellery Ltd. may not possess significant traditional moats like vast economies of scale or a globally recognized brand comparable to large incumbents. Potential competitive advantages, if any, could stem from:

Local Customer Relationships: Strong trust and loyalty built with a specific customer base in its operational regions.

Niche Expertise: Specialization in certain types of jewellery, craftsmanship, or stone sourcing.

Efficient Sourcing/Manufacturing: A well-established and cost-effective supply chain for raw materials or efficient production processes.

Design & Craftsmanship: A reputation for unique designs or high-quality artisanal work.

However, these are often harder to maintain and scale against larger, more diversified competitors.

Growth Drivers

Key factors that can drive growth for Nityas Gems And Jewellery Ltd. over the next 3-5 years include:

Rising Disposable Incomes: Continued economic growth in India leading to increased consumer spending on discretionary items like jewellery.

Cultural & Wedding Demand: The intrinsic cultural importance of gold and jewellery in Indian traditions, particularly during festivals and weddings, provides a stable demand base.

Shift to Organized Retail: Growing consumer preference for transparency, hallmarking, and trusted brands, moving away from the unorganized sector.

Expansion of Retail Footprint: Opening new stores, expanding into new geographies, or enhancing online presence.

Product Innovation: Introducing new designs, collections, or materials to cater to evolving customer preferences.

Risks

Commodity Price Volatility: Fluctuations in the prices of gold, diamonds, and other precious metals/stones can impact raw material costs, profit margins, and inventory valuations.

Economic Downturns: Jewellery is a discretionary purchase, making the company susceptible to economic slowdowns, affecting consumer confidence and spending.

Intense Competition: The Indian jewellery market is highly competitive, leading to pricing pressures and challenges in market share acquisition.

Changing Fashion Trends: Rapid shifts in consumer preferences and fashion trends can lead to inventory obsolescence if not managed effectively.

Regulatory Changes: Changes in government policies related to import duties, taxation (e.g., GST), hallmarking, or anti-money laundering regulations can impact operations and profitability.

Supply Chain Disruptions: Reliance on specific suppliers for diamonds or gold could pose risks if the supply chain is disrupted.

Management & Ownership

As is common with many Indian companies, Nityas Gems And Jewellery Ltd. is likely promoter-led. The company's vision, strategic direction, and operational execution would heavily rely on the capabilities and experience of its founding family or core promoter group. The ownership structure typically involves the promoters holding a significant stake, alongside public shareholders. Understanding the promoters' long-term vision, governance practices, and track record is crucial for assessing management quality.

Outlook

The outlook for Nityas Gems And Jewellery Ltd. is influenced by a mix of opportunities and challenges. The bull case rests on the enduring demand for jewellery in India, driven by cultural significance and rising affluence, which could allow the company to capture market share, especially if it can differentiate through design, quality, or efficient operations. Expansion into new markets or digital channels could also provide growth avenues. The bear case highlights the intense competition from larger, more established players and the vast unorganized market. Volatility in gold and diamond prices, sensitivity to economic cycles impacting discretionary spending, and potential regulatory headwinds pose ongoing risks. The company's ability to navigate these challenges, build a strong brand presence, and manage its supply chain efficiently will be key to its sustained profitability and growth.

Nityas Gems And Jewe Share Price

Live · BSE / NSE · Inception: 2022
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Nityas Gems And Jewe Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Nityas Gems And Jewe Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 12 54 97 203
Other Income 0 0 0 0
Total Income 12 54 97 203
Total Expenditure 11 48 84 172
Operating Profit 0 5 13 31
Interest 0 0 0 1
Depreciation 0 0 1 3
Exceptional Income / Expenses 0 0 0 -0
Profit Before Tax 0 5 12 27
Provision for Tax 0 1 2 5
Profit After Tax 0 4 10 22
Adjustments 0 0 0 0
Profit After Adjustments 0 4 10 23
Adjusted Earnings Per Share 0.1 1.8 3.6 5.3

Nityas Gems And Jewe Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 1 5 21 62
Minority's Interest 0 0 1 17
Borrowings 1 1 1 0
Other Non-Current Liabilities 0 0 0 12
Total Current Liabilities 4 5 18 28
Total Liabilities 6 12 42 120
Fixed Assets 1 2 2 26
Other Non-Current Assets 0 0 0 1
Total Current Assets 5 10 40 93
Total Assets 6 12 42 120

Nityas Gems And Jewe Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 0 0 0
Cash Flow from Operating Activities -1 -1 -10 -15
Cash Flow from Investing Activities -1 -1 -0 -2
Cash Flow from Financing Activities 2 2 11 17
Net Cash Inflow / Outflow 0 -0 0 0
Closing Cash & Cash Equivalent 0 0 0 1

Nityas Gems And Jewe Ratios

# Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 0.11 1.83 3.59 5.28
CEPS(Rs) 0.17 2 3.78 5.77
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 0.57 2.4 7.83 14.47
Core EBITDA Margin(%) 4.18 9.57 11.19 12.89
EBIT Margin(%) 3.01 8.94 10.73 11.98
Pre Tax Margin(%) 2.63 8.61 10.32 11.35
PAT Margin (%) 2.09 7.04 8.49 9.41
Cash Profit Margin (%) 3.27 7.68 8.96 10.5
ROA(%) 4 43.76 36.24 27.59
ROE(%) 19.68 123.3 73.5 53.26
ROCE(%) 13.79 92.21 66.85 56.84
Receivable days 20.56 15.07 23.23 24.68
Inventory Days 119.02 28.99 49.85 69.13
Payable days 87.57 17.26 10.67 12.87
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.18 0.08 0.08 0.15
EV/Core EBITDA(x) 4.3 0.77 0.62 0.97
Net Sales Growth(%) 0 359.85 80.5 109.5
EBIT Growth(%) 0 1352.84 141.83 129.77
PAT Growth(%) 0 1542.45 143.24 127.98
EPS Growth(%) 0 1543.27 96.1 47.11
Debt/Equity(x) 1.05 0.62 0.33 0.15
Current Ratio(x) 1.34 1.94 2.19 3.29
Quick Ratio(x) 0.32 0.94 0.74 1.05
Interest Cover(x) 8 27.35 26.15 19.03
Total Debt/Mcap(x) 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +109% +157% — —
Operating Profit CAGR +138% — — —
PAT CAGR +120% — — —
Share Price CAGR — — — —
ROE Average +53% +83% +67% +67%
ROCE Average +57% +72% +57% +57%

Nityas Gems And Jewe Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 43.51 %
FII 7.03 %
DII (MF + Insurance) 9.25 %
Public (retail) 40.2 %
Others 0.01 %
# Sep 2026
Promoter 43.51
FII 7.03
DII 9.25
Public 40.2
Others 0
Total 100

Nityas Gems And Jewe Peer Comparison

Diamond & Jewellery Edit Columns

Nityas Gems And Jewe Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Nityas Gems And Jewe Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 83%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 43.51%.
  • Debtor days have increased from 10.67 to 12.87days.
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