Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹1498 Cr.
Stock P/E
14
P/B
2.8
Current Price
₹101.9
Book Value
₹ 35.8
Face Value
5
52W High
₹116
52W Low
₹ 87
Dividend Yield
—

Shankesh Jewellers Overview

Business

Shankesh Jewellers Ltd. operates in the Diamond & Jewellery sector in India. The company is primarily engaged in the retail and potentially wholesale of precious jewellery, including items made from gold, diamonds, and other precious stones. Its core business model involves sourcing precious metals and stones, designing and manufacturing (or outsourcing manufacturing of) various jewellery pieces, and then selling them to consumers through its showrooms or other distribution channels. The company generates revenue through the sale of these jewellery items, with margins derived from the mark-up on the cost of materials, design, and craftsmanship.

Revenue Mix

Without specific financial reports, the exact revenue mix for Shankesh Jewellers Ltd. is not available. However, based on typical operations in the Indian jewellery market, the company's revenue segments would likely include:

Gold Jewellery: Often the largest segment, driven by cultural significance and investment value.

Diamond Jewellery: Growing in popularity, catering to fashion and occasion-specific demand.

Other Jewellery: Potentially includes silver jewellery, coloured gemstones, or custom design services.

Industry

The Indian jewellery industry is one of the largest globally, characterized by its significant size, cultural importance, and high fragmentation. It comprises a mix of large organized players (e.g., Titan, Kalyan Jewellers, Malabar Gold & Diamonds), regional chains, and a vast number of unorganized, local jewellers. The industry is highly competitive, driven by factors like brand trust, design variety, pricing, and customer service. As a listed entity (SHANKESH), Shankesh Jewellers Ltd. is likely an organized player, aiming to build a brand and market presence. Its specific positioning (e.g., premium, mass-market, regional strength) and market share relative to larger national players cannot be determined without financial data but it would likely be a smaller-to-mid-sized player in comparison to industry giants.

MOAT

Competitive advantages in the jewellery sector are often built on trust, brand reputation, design exclusivity, and scale. For Shankesh Jewellers, potential moats could include:

Brand Trust and Reputation: In India, trust is paramount in jewellery purchases. A long-standing reputation for purity, fair pricing, and ethical practices can be a significant advantage.

Design and Craftsmanship: Unique designs and high-quality craftsmanship can differentiate the company from mass-market competitors.

Regional Strength/Customer Loyalty: If the company has a strong presence and loyal customer base in specific geographic regions, this can provide a localized advantage.

However, compared to larger, national players with extensive marketing budgets, broader distribution networks, and superior economies of scale in procurement, Shankesh Jewellers' moat might be less pronounced without specific data supporting strong differentiation or market dominance.

Growth Drivers

Key factors that can drive growth for Shankesh Jewellers Ltd. over the next 3-5 years include:

Rising Disposable Incomes: Increasing affluence among Indian consumers drives discretionary spending on luxury items like jewellery.

Urbanization and Changing Lifestyles: Growth in urban areas and evolving fashion trends contribute to demand for modern and diversified jewellery designs.

Cultural Significance: Continued importance of jewellery in Indian weddings, festivals, and gifting traditions provides a stable demand base.

Organized Sector Shift: Consumers increasingly prefer organized players due to assurances of purity, transparent pricing, and standardized designs, offering growth opportunities for listed entities.

Store Expansion/E-commerce Adoption: Strategic expansion of physical stores into new geographies and leveraging online sales channels can broaden reach.

Risks

Shankesh Jewellers Ltd. faces several business risks:

Volatility in Commodity Prices: Fluctuations in gold and diamond prices directly impact the cost of goods, inventory valuation, and profitability.

Intense Competition: The highly fragmented and competitive nature of the Indian jewellery market puts pressure on margins and market share.

Regulatory Changes: Changes in government policies regarding gold imports, hallmarking standards, GST rates, or taxation can affect operations and profitability.

Economic Downturn: Jewellery purchases are largely discretionary. An economic slowdown can significantly reduce consumer spending.

Inventory Management: Holding large inventories of high-value items exposes the company to price risks and working capital challenges.

Reputational Risk: Any issues related to product purity, quality, or ethical sourcing can severely damage brand trust and customer loyalty.

Management & Ownership

Typically, companies in the Indian jewellery sector, especially those that have grown from regional players, often have promoter-led management. Shankesh Jewellers Ltd. is likely managed by its founding family or a team appointed by the promoters. The quality of management would depend on their experience in the jewellery trade, strategic vision, ability to adapt to market changes, and corporate governance practices. Ownership structure would typically involve a significant holding by the promoter group, along with shares held by the public and potentially institutional investors.

Outlook

The outlook for Shankesh Jewellers Ltd. is influenced by the dynamic nature of the Indian jewellery market. The industry offers substantial growth opportunities driven by India's demographic advantages, rising incomes, and strong cultural demand for precious ornaments. However, the company operates in a highly competitive environment characterized by price volatility for raw materials, evolving consumer preferences, and the presence of well-established national and regional players. Success will depend on the company's ability to effectively manage commodity price risks, differentiate its offerings, expand its market reach (both physically and digitally), maintain strong brand trust, and adapt to changing regulatory landscapes and consumer tastes. Its ability to scale efficiently and build a strong brand identity will be crucial for sustained growth amidst fierce competition.

Shankesh Jewellers Share Price

Live · BSE / NSE · Inception: 2005
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Shankesh Jewellers Quarterly Results

#(Fig in Cr.) Jun 2025 Jun 2026
Net Sales 273 424
Other Income 0 0
Total Income 273 424
Total Expenditure 241 362
Operating Profit 32 61
Interest 3 3
Depreciation 0 0
Exceptional Income / Expenses 0 0
Profit Before Tax 29 58
Provision for Tax 7 15
Profit After Tax 22 43
Adjustments 0 0
Profit After Adjustments 22 43
Adjusted Earnings Per Share 1.8 3.7

Shankesh Jewellers Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 909 1062 1404 1631 697
Other Income 0 0 0 0 0
Total Income 909 1062 1404 1631 697
Total Expenditure 887 1033 1338 1473 603
Operating Profit 23 29 65 158 93
Interest 8 11 11 13 6
Depreciation 0 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 14 17 54 143 87
Provision for Tax 4 4 14 37 22
Profit After Tax 10 13 40 107 65
Adjustments 0 0 0 0 0
Profit After Adjustments 10 13 40 107 65
Adjusted Earnings Per Share 0.9 1.1 3.4 9.1 5.5

Shankesh Jewellers Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 48 60 101 209
Minority's Interest 0 0 0 0
Borrowings 0 0 0 0
Other Non-Current Liabilities -0 1 0 0
Total Current Liabilities 127 116 148 194
Total Liabilities 174 177 249 403
Fixed Assets 0 2 4 3
Other Non-Current Assets 1 0 1 14
Total Current Assets 173 174 244 387
Total Assets 174 177 249 403

Shankesh Jewellers 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 -8 1 -23 0
Cash Flow from Investing Activities -0 -1 -3 -13
Cash Flow from Financing Activities 8 -0 26 12
Net Cash Inflow / Outflow -0 -0 -0 0
Closing Cash & Cash Equivalent 0 0 0 0

Shankesh Jewellers Ratios

# Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 0.89 1.09 3.44 9.08
CEPS(Rs) 0.91 1.16 3.51 9.19
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 4.05 5.14 8.58 17.82
Core EBITDA Margin(%) 2.49 2.69 4.65 9.68
EBIT Margin(%) 2.46 2.63 4.6 9.61
Pre Tax Margin(%) 1.54 1.62 3.85 8.79
PAT Margin (%) 1.15 1.21 2.87 6.54
Cash Profit Margin (%) 1.17 1.29 2.93 6.62
ROA(%) 6 7.31 18.93 32.7
ROE(%) 21.98 23.77 50.11 68.82
ROCE(%) 15.35 17.72 31.19 50.38
Receivable days 17.55 14.36 15.44 22.97
Inventory Days 50.52 44.22 38.09 44.94
Payable days 9.33 4.02 0.11 0.47
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.11 0.1 0.11 0.14
EV/Core EBITDA(x) 4.47 3.87 2.36 1.43
Net Sales Growth(%) 0 16.78 32.21 16.17
EBIT Growth(%) 0 24.47 131.71 142.56
PAT Growth(%) 0 22.72 214.54 164.64
EPS Growth(%) 0 22.72 214.53 163.91
Debt/Equity(x) 2.07 1.8 1.44 0.8
Current Ratio(x) 1.36 1.5 1.65 2
Quick Ratio(x) 0.37 0.37 0.56 0.76
Interest Cover(x) 2.68 2.62 6.11 11.75
Total Debt/Mcap(x) 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +16% +22% — —
Operating Profit CAGR +143% +90% — —
PAT CAGR +168% +120% — —
Share Price CAGR — — — —
ROE Average +69% +48% +41% +41%
ROCE Average +50% +33% +29% +29%

Shankesh Jewellers Shareholding Pattern

Latest · Aug 2026
100% held
Promoters 69.53 %
FII 7.36 %
DII (MF + Insurance) 6.06 %
Public (retail) 17.04 %
Others 0.01 %
# Jun 2026 Aug 2026
Promoter 069.53
FII 07.36
DII 06.06
Public 017.04
Others 00
Total 100100

Shankesh Jewellers Peer Comparison

Diamond & Jewellery Edit Columns

Shankesh Jewellers Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Shankesh Jewellers Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 48%

Cons

    0
  • Debtor days have increased from 0.11 to 0.47days.
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