---
title: "Shringar House of Mangalsutra Ltd (SHRINGARMS) — Share Price, Financials & Analysis"
symbol: "SHRINGARMS"
company: "Shringar House of Mangalsutra Ltd"
canonical: "https://tapetide.com/stocks/SHRINGARMS"
isin: "INE1B3L01017"
nse_symbol: "SHRINGARMS"
bse_code: "544512"
sector: "Consumer Discretionary"
industry: "Consumer Durables"
market_cap_cr: 2066.64
generated_at: "2026-09-13T19:38:25.422Z"
---

# Shringar House of Mangalsutra Ltd (SHRINGARMS)

Canonical page: https://tapetide.com/stocks/SHRINGARMS

## Company

- **NSE Symbol:** SHRINGARMS
- **BSE Code:** 544512
- **ISIN:** INE1B3L01017
- **Sector:** Consumer Discretionary
- **Industry:** Consumer Durables
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2025-09-17
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** shringar.ms

## About

Incorporated in January 2009, Shringar House of Mangalsutra Limited manufactures and designs Mangalsutra in India.[1]

## Latest Price

- **Price:** ₹217.27
- **Change:** +0.48 (+0.22%)
- **Open:** ₹217.4
- **Day High:** ₹218
- **Day Low:** ₹214.04
- **Previous Close:** ₹216.79
- **Volume:** 148214
- **As Of:** 2026-09-11T09:59:50+00:00

## Key Fundamentals

Observed at 2026-09-11T04:43:46.471773Z.

- **Market Cap:** ₹2066.64 Cr
- **Classification:** Microcap
- **P/E (reported):** 17.2
- **P/E (TTM):** 17.31
- **EPS (TTM):** ₹12.55
- **Book Value:** ₹70.29
- **Price to Book:** 3.08
- **Dividend Yield:** 0%
- **ROE:** 30.43%
- **ROCE:** 43.8%
- **Debt to Equity:** 0.28
- **Revenue (yearly):** ₹2245.82 Cr
- **Net Income:** ₹115.22 Cr
- **EBITDA:** ₹158.75 Cr
- **52-Week High:** ₹266.5
- **52-Week Low:** ₹166
- **RSI (14):** 40.18

## Tapetide Score

- **Score:** 54 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 65.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 82.73 | 9% |
| growth | 98.77 | 9% |
| momentum | 47.89 | 12% |
| ownership | 50 | 24% |
| quality | 46.83 | 22% |
| valuation | 43.92 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is expected to give good quarter
- Company has delivered good profit growth of 54.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Debtor days have increased from 26.9 to 38.3 days.
- Working capital days have increased from 48.8 days to 79.0 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 49.82% | -154.75% | -51.17% |
| ebitda margin growth | 7.71% | 8.8% | 53.26% | 90.03% |
| net income growth | 0% | 88.58% | 70% | 54% |
| revenue growth | -24.43% | 57.04% | 33% | 34% |
| roce | — | 32.25% | 49.95% | 31.31% |
| roe | — | 33.88% | 25.08% | 22.11% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 271 | 416 | 391 | 351 | 333 | 529 | 659 | 726 | 548 |
| Expenses | 246 | 392 | 372 | 328 | 291 | 496 | 619 | 681 | 500 |
| Operating Profit | 25 | 24 | 20 | 23 | 41 | 33 | 40 | 45 | 49 |
| OPM % | 9 | 6 | 5 | 7 | 12 | 6 | 6 | 6 | 9 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 1 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 23 | 22 | 17 | 20 | 38 | 30 | 40 | 44 | 47 |
| Tax % | 25 | 27 | 23 | 25 | 25 | 24 | 25 | 23 | 28 |
| Net Profit | 17 | 16 | 13 | 15 | 29 | 23 | 30 | 34 | 34 |
| EPS in Rs | 19.17 | 18.09 | 1.78 | 2.11 | 3.95 | 2.37 | 3.12 | 3.53 | 3.53 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 510 | 810 | 950 | 1102 | 1430 | 2246 | 2462 |
| Expenses | 490 | 780 | 912 | 1052 | 1337 | 2087 | 2295 |
| Operating Profit | 21 | 30 | 38 | 50 | 92 | 159 | 166 |
| OPM % | 4 | 3.7 | 4 | 4.5 | 6 | 7 | 7 |
| Other Income | 0 | 1 | 1 | 1 | 0 | 5 | 6 |
| Interest | 2 | 3 | 6 | 6 | 8 | 8 | 7 |
| Depreciation | 1 | 1 | 2 | 3 | 3 | 4 | 4 |
| Profit before tax | 18 | 27 | 31 | 42 | 82 | 152 | 161 |
| Tax % | 27 | 26 | 26 | 26 | 25 | 24 | — |
| Net Profit | 13 | 20 | 23 | 31 | 61 | 115 | 121 |
| EPS in Rs | 832.4 | 22.86 | 26.35 | 35.09 | 8.47 | 11.98 | 12.55 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -5 | -30 | 13 | -14 | -7 | -282 |
| Cash from Investing Activity | 0 | -36 | -3 | -2 | -3 | -103 |
| Cash from Financing Activity | 4 | 69 | -9 | 12 | 9 | 410 |
| Net Cash Flow | -1 | 3 | 1 | -4 | -1 | 25 |
| Free Cash Flow | -5 | -66 | 10 | -15 | -10 | -290 |
| CFO/OP | -23 | -86 | 55 | 4 | 10 | -155 |

### Ratios

| Item | 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 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 74.8% | 74.8% | 74.8% | 74.8% |
| FIIs | 3.95% | 3.36% | 5.78% | 2.93% |
| DIIs | 3.8% | 1.69% | 1.53% | 2.73% |
| Government | 0% | 0% | 0% | 0% |
| Public | 9.5% | 12.38% | 11.11% | 11.97% |
| Others | 7.96% | 7.77% | 6.78% | 7.57% |
| No. of Shareholders | 7 | 27403 | 26679 | 26966 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 7 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 217.57 | Sell |
| EMA (10) | 218.42 | Sell |
| SMA (20) | 221.11 | Sell |
| EMA (20) | 220.33 | Sell |
| SMA (50) | 224.22 | Sell |
| EMA (50) | 221.17 | Sell |
| SMA (100) | 217.47 | Sell |
| EMA (100) | 218.77 | Sell |
| SMA (200) | 217.1 | Buy |
| EMA (200) | 216.94 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.38 | Neutral |
| MACD (12,26,9) | -2.16 | Sell |
| Stochastic (14,3,3) | 22.57 | Neutral |
| ADX (14) | 12.4 | Neutral |
| Williams %R (14) | -75.15 | Neutral |
| ATR (14) | 5.67 | Neutral |
| ROC (12) | -1.59 | Sell |
| Stoch RSI (14) | 34.73 | Neutral |
| UO (7,14,28) | 35.14 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2d526d2a-3836-46a7-ab79-6d52a9e933e5.pdf) |
| 2026-09-03 | [Notice Of 17Th Annual General Meeting Of The Members Of The Company For The Financial Year 2025-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=18713184-6596-44d4-98d0-f4d8d551be0b.pdf) |
| 2026-09-03 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=081c85df-560a-42c9-923d-f90f6f7c3165.pdf) |
| 2026-09-03 | [Letter To Shareholders In Relation To Integrated Annual Report Of The Company For The Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=18be0124-7091-4203-9e8e-116b3e44a2b3.pdf) |
| 2026-08-27 | [Intimation Regarding 17Th Annual General Meeting Of Members Of The Company For The Financial Year 2025-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=59612616-3ae1-4425-b6bb-c8b9a5224f0e.pdf) |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=037cf2e9-f467-4516-86f2-ada73b930092.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a466e5ca-e193-49a3-8c09-035d2e3d4d81.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f76e448c-e78d-41cb-a80f-dbfc60513945.pdf) |
| 2026-08-12 | [Board Meeting Outcome for Outcome Of Board Meeting Held On Wednesday August 12 2026 - Financial Results Ref: Regulation 30 & 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (Listing Regulations)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2eac4a62-0dc2-4a52-a2ae-1d23ce22c283.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=29ebb4d3-d0dc-4dc4-8bf2-322a499440cb.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Financial Results (Standalone) For The Quarter Ended June 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0948134b-19ac-48df-9c63-3f8a9f256fc9.pdf) |
| 2026-05-26 | [Financial Results Of The Company For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b4457d08-6320-4b9d-bf1d-8ecd7642d576.pdf) |
| 2026-02-11 | [Results For The Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ab591c47-56e6-40f8-9976-929d737154a7.pdf) |
| 2025-11-12 | [Shringar House Of Mangalsutra Limited (The Company) At Its Meeting Held Today I.E. Wednesday November 12 2025 Has Inter-Alia Considered And Approved The Unaudited Financial Results (Standalone) For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=471e1ef0-c0e9-49a3-ac0b-f11e4a2b97a0.pdf) |
| 2025-10-07 | [Unaudited Financial Results (Standalone) For The Quarter Ended June 30 2025 Along With The Independent Auditors Limited Review Report Thereon.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b013d500-2abe-436f-82ab-0fca45ed12ab.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dba386d4-0990-42c1-b0a6-c00102623e3d.pdf) |
| 2026-05-26 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=38edc7b4-508f-4688-b76d-744a7aa688cc.pdf) |
| 2026-02-11 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6a95e1c2-c06d-410c-be38-efe0b8b291cc.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-05-30 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5b30ae3a-3f78-4e5b-97ae-71639ff1e7b6.pdf) |
| 2026-02-17 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8ccbd70d-07d0-4cde-aaf1-64f698c70672.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - For interaction with Investors/Analysts. This is in reference to Regulation 30(6) of SEBI (LODR) Regulations, 2015 read with Para A of Part A of Schedule … | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9h - For interaction with Investors/Analysts. This is in reference to Regulation 30(6) of SEBI (LODR) Regulations, 2015 read with Para A of Part A of Schedule …](https://www.bseindia.com/xml-data/corpfiling/AttachLive/fe057c11-6991-40ba-82b8-3873b0b79167.pdf) |
| 7 Apr - Shringar House launched Bridal Jewelry category for domestic market on 7 April 2026. | [Intimation Under Regulation 30 Read With Schedule III Of SEBI (LODR) Regulations, 2015 - Launch Of New Product Category 'Bridal Jewelry' 7 Apr - Shringar House launched Bridal Jewelry category for domestic market on 7 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2db5a258-ce58-40f9-8179-31ddc36291c1.pdf) |
| 7 Apr - Company launched gold bridal jewellery and generated its first invoice for a client on 7 April 2026. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 7 Apr - Company launched gold bridal jewellery and generated its first invoice for a client on 7 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/584d9cb8-8f0d-4041-9daa-da03a6443855.pdf) |
| 6 May - CRISIL report confirms IPO proceeds utilization for quarter ended March 31, 2026, with no deviations. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 6 May - CRISIL report confirms IPO proceeds utilization for quarter ended March 31, 2026, with no deviations.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/14c76d0a-ebea-4e5c-ab83-20004a2276ed.pdf) |
| 6 Apr - Shringar House of Mangalsutra reports 2.5 crore long-term borrowing and says it is not a large corporate. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 6 Apr - Shringar House of Mangalsutra reports 2.5 crore long-term borrowing and says it is not a large corporate.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/67f258d3-11af-4a3e-881e-523a7e09972f.pdf) |
| 6 Apr - Annual large corporate disclosure for FY2025-26 filed; company not classified as LC, borrowings nil. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 6 Apr - Annual large corporate disclosure for FY2025-26 filed; company not classified as LC, borrowings nil.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39e4878f-9545-4c18-9431-ac7757e65527.pdf) |
| 25 Feb - Natwarlal Thadeshwar died Feb 24, 2026; held nil shares; promoter group list updated. | [Announcement under Regulation 30 (LODR)-Demise 25 Feb - Natwarlal Thadeshwar died Feb 24, 2026; held nil shares; promoter group list updated.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/38b9658e-8a9f-4669-b6ec-31517d7d412e.pdf) |
| 25 Feb - Investor/Analyst meeting scheduled for 26-Feb-2026 cancelled due to unavoidable circumstances; rescheduling to be intimated. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 25 Feb - Investor/Analyst meeting scheduled for 26-Feb-2026 cancelled due to unavoidable circumstances; rescheduling to be intimated.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9a5f0e05-176e-4611-9275-01b87a8d60a6.pdf) |
| 24 Mar - Trading window closed from April 1, 2026 until 48 hours after board meeting approving audited FY2026 results. | [Closure of Trading Window 24 Mar - Trading window closed from April 1, 2026 until 48 hours after board meeting approving audited FY2026 results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6b44b15-51b3-41b7-a4f0-78bcfd7aac4f.pdf) |
| 24 Apr - For interaction with Investors/Analysts. This is in reference to Regulation 30(6) of SEBI (LODR) Regulations, 2015 read with Para A of Part A of Schedule … | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Apr - For interaction with Investors/Analysts. This is in reference to Regulation 30(6) of SEBI (LODR) Regulations, 2015 read with Para A of Part A of Schedule …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe057c11-6991-40ba-82b8-3873b0b79167.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=70230845-372d-4ec6-b9ca-78144762878f.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/70230845-372d-4ec6-b9ca-78144762878f.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b30ae3a-3f78-4e5b-97ae-71639ff1e7b6.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5b30ae3a-3f78-4e5b-97ae-71639ff1e7b6.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/38edc7b4-508f-4688-b76d-744a7aa688cc.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/38edc7b4-508f-4688-b76d-744a7aa688cc.pdf) |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8ccbd70d-07d0-4cde-aaf1-64f698c70672.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:38:25.422Z.