Sovereign Diamonds (BSE 523826)₹30.54−5.60%Gems, Jewellery And Watches
In the Mar 2026 quarter (standalone), Sovereign Diamonds reported sales of ₹2.32 Cr, down 46.9% from Mar 2025, and net profit of −₹0.31 Cr. For the year to Mar 2026, sales were ₹14.09 Cr and net profit −₹4.66 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6.03 | 6.83 | 7.52 | 8.09 | 5.69 | 4.87 | 12.27 | 4.37 | 8.18 | 1.70 | 3.13 | 2.32 |
| Expenses | 5.18 | 6.01 | 6.49 | 7.33 | 5.30 | 4.46 | 11.25 | 4.01 | 12.83 | 1.43 | 2.58 | 2.51 |
| Operating Profit | 0.86 | 0.84 | 1.05 | 0.76 | 0.41 | 0.43 | 1.04 | 0.35 | −4.62 | 0.26 | 0.56 | −0.18 |
| OPM % | 14.1% | 12.1% | 13.8% | 9.5% | 7.0% | 8.7% | 8.4% | 8.3% | −56.4% | 16.0% | 17.6% | −8.2% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.31 | 0.33 | 0.30 | 0.38 | 0.30 | 0.34 | 0.59 | 0.25 | 0.14 | 0.01 | 0.02 | 0.00 |
| Depreciation | 0.13 | 0.14 | 0.14 | 0.14 | 0.13 | 0.13 | 0.26 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Profit before tax | 0.40 | 0.37 | 0.61 | 0.26 | −0.02 | −0.04 | 0.19 | −0.03 | −4.87 | 0.14 | 0.43 | −0.30 |
| Tax % | 24.4% | 26.4% | 26.7% | −22.2% | 133.3% | −100.0% | 44.5% | 500.0% | 0.0% | 23.1% | 4.8% | 3.2% |
| Net Profit | 0.30 | 0.28 | 0.44 | 0.32 | −0.05 | 0.00 | 0.09 | −0.12 | −4.84 | 0.09 | 0.39 | −0.31 |
| EPS (Rs) | 0.55 | 0.51 | 0.79 | 0.58 | −0.11 | 0.00 | 0.18 | −0.23 | −8.41 | 0.18 | 0.70 | −0.56 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 53.27 | 45.23 | 37.06 | 40.32 | 32.50 | 14.98 | 22.94 | 27.83 | 27.14 | 19.99 | 14.09 | 15.33 |
| Expenses | 49.01 | 41.36 | 33.70 | 37.81 | 31.12 | 15.62 | 20.90 | 25.56 | 24.98 | 19.67 | 19.25 | 19.35 |
| Operating Profit | 4.34 | 3.95 | 3.41 | 2.58 | 1.41 | −0.59 | 2.07 | 2.34 | 2.19 | 0.36 | −5.11 | −3.98 |
| OPM % | 8.1% | 8.7% | 9.2% | 6.4% | 4.3% | −4.0% | 9.0% | 8.4% | 8.1% | 1.8% | −36.4% | −26.0% |
| Other Income | 0.01 | −0.01 | 0.00 | 0.00 | 0.47 | 0.58 | 0.65 | 1.25 | 1.32 | 1.48 | 1.17 | 0.00 |
| Interest | 2.04 | 1.91 | 1.82 | 1.65 | 1.34 | 1.01 | 0.93 | 1.18 | 1.36 | 1.22 | 0.18 | 0.17 |
| Depreciation | 0.46 | 0.49 | 0.54 | 0.51 | 0.47 | 0.46 | 0.50 | 0.50 | 0.51 | 0.51 | 0.49 | 0.52 |
| Profit before tax | 1.86 | 1.51 | 1.06 | 0.40 | 0.06 | −1.45 | 1.30 | 1.94 | 1.67 | 0.14 | −4.60 | −4.60 |
| Tax % | 34.1% | 31.6% | 24.8% | 29.3% | 57.2% | 2.1% | −2.3% | 27.0% | 17.9% | 84.6% | 1.1% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 1.20 | 1.02 | 0.78 | 0.27 | 0.03 | −1.48 | 1.32 | 1.40 | 1.37 | 0.00 | −4.66 | −4.67 |
| EPS (Rs) | 2.10 | 1.79 | 1.37 | 0.49 | 0.08 | −2.58 | 2.31 | 2.45 | 2.39 | 0.03 | −8.10 | −8.09 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.81 | 5.81 | 5.80 | 5.80 | 5.80 | 5.80 | 5.79 | 5.80 | 5.80 | 5.80 | 5.80 | 5.80 |
| Reserves | 5.13 | 6.34 | 7.32 | 8.15 | 8.41 | 8.45 | 6.98 | 8.31 | 9.71 | 11.05 | 11.24 | 6.59 |
| Borrowings | 16.84 | 15.36 | 14.01 | 14.19 | 11.92 | 12.01 | 12.11 | 11.35 | 12.68 | 11.56 | 8.93 | 0.00 |
| Other Liabilities | 11.61 | 7.21 | 2.10 | 1.08 | 5.05 | 7.23 | 2.06 | 3.35 | 3.26 | 2.95 | 1.78 | 0.46 |
| Total Liabilities | 39.39 | 34.72 | 29.23 | 29.22 | 31.18 | 33.49 | 26.94 | 28.81 | 31.45 | 31.36 | 27.75 | 12.85 |
| Fixed Assets | 2.58 | 2.97 | 2.86 | 2.44 | 2.84 | 3.31 | 3.66 | 3.63 | 4.11 | 4.15 | 3.83 | 3.31 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 36.81 | 31.75 | 26.37 | 26.78 | 28.34 | 30.18 | 23.28 | 25.03 | 27.34 | 27.21 | 23.92 | 9.54 |
| Inventories | 15.61 | 13.41 | 17.83 | 20.91 | 19.83 | 19.88 | 17.61 | 17.68 | 18.89 | 17.38 | 17.25 | 7.33 |
| Trade receivables | 19.01 | 15.39 | 7.10 | 5.41 | 8.06 | 9.87 | 3.91 | 6.61 | 8.25 | 9.36 | 6.09 | 0.61 |
| Cash & equivalents | 0.02 | 0.02 | 0.02 | 0.02 | 0.08 | 0.02 | 1.29 | 0.05 | 0.05 | 0.04 | 0.00 | 1.07 |
| Total Assets | 39.39 | 34.72 | 29.23 | 29.22 | 31.18 | 33.49 | 26.94 | 28.81 | 31.45 | 31.36 | 27.75 | 12.85 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 0.00 | 4.24 | 3.62 | 1.70 | 4.81 | 1.95 | 2.99 | 1.00 | 0.63 | 1.41 | 2.55 | 8.90 |
| Cash from investing activity | −0.49 | −0.80 | −0.39 | −0.10 | −0.91 | −0.90 | −0.83 | −0.60 | −0.83 | 0.99 | 1.21 | 1.17 |
| Cash from financing activity | 0.50 | −3.43 | −3.21 | −1.57 | −3.84 | −1.12 | −0.88 | −1.64 | 0.21 | −2.38 | −3.78 | −9.02 |
| Net cash flow | 0.00 | 0.00 | 0.00 | 0.01 | 0.03 | −0.04 | 1.26 | −1.24 | 0.00 | 0.00 | 0.00 | 1.03 |
| Capex | 0.54 | 0.85 | 0.48 | 0.15 | 0.91 | 1.02 | 1.04 | 0.60 | 0.85 | 0.57 | 0.17 | 0.04 |
| Free cash flow | −0.51 | 3.40 | 3.21 | 1.58 | 3.90 | 1.06 | 2.15 | 0.41 | −0.23 | 0.85 | 2.39 | 8.87 |
| CFO / OP % | 16.0% | 117.0% | 106.0% | 64.0% | 188.0% | 152.0% | −518.0% | 55.0% | 33.0% | 86.0% | 730.0% | −173.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 116 | 106 | 57 | 53 | 73 | 111 | 96 | 105 | 108 | 126 | 111 | 16 |
| Inventory days | 116 | 115 | 181 | 265 | 222 | 275 | 497 | 385 | 335 | 317 | 417 | 170 |
| Days payable | 68 | 35 | 5 | 11 | 50 | 90 | 38 | 53 | 44 | 38 | 27 | 1 |
| Cash conversion cycle | 163 | 185 | 232 | 307 | 244 | 296 | 554 | 436 | 399 | 404 | 500 | 185 |
| Working capital days | 52 | 64 | 84 | 113 | 103 | 127 | 249 | 191 | 158 | 172 | 247 | 203 |
| ROCE % | 19.1% | 14.1% | 12.7% | 10.4% | 7.6% | 5.3% | −1.7% | 8.8% | 11.5% | 10.7% | 5.0% | −22.8% |
For the Mar 2026 quarter, Sovereign Diamonds reported sales of ₹2.32 Cr, down 46.9% year on year and net profit of −₹0.31 Cr. The operating margin was −8.2%.
Sovereign Diamonds' sales for the year to Mar 2026 were ₹14.09 Cr; over the last twelve months they were ₹15.33 Cr.
Net profit for the year to Mar 2026 was −₹4.66 Cr, and −₹4.67 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−8.09.
Sovereign Diamonds reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹1.07 Cr.
Cash from operations was ₹8.90 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹8.87 Cr.