S.M. Gold (BSE 542034)₹13.60−1.95%Gems, Jewellery And Watches
In the Jun 2026 quarter (standalone), S.M. Gold reported sales of ₹22.56 Cr, down 11.9% from Jun 2025, and net profit of ₹0.52 Cr, up 271.4% year on year. For the year to Mar 2026, sales were ₹156 Cr and net profit ₹1.99 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 13.54 | 42.91 | 35.37 | 23.38 | 41.70 | 31.63 | 14.71 | 25.61 | 44.77 | 52.85 | 33.20 | 22.56 |
| Expenses | 12.96 | 42.63 | 34.99 | 23.42 | 40.74 | 31.19 | 14.32 | 25.20 | 43.96 | 52.05 | 31.82 | 21.74 |
| Operating Profit | 0.53 | 0.07 | 0.21 | −0.20 | 0.74 | 0.27 | 0.33 | 0.27 | 0.60 | 0.60 | 1.20 | 0.71 |
| OPM % | 3.9% | 0.1% | 0.6% | −0.8% | 1.7% | 0.8% | 2.2% | 1.0% | 1.3% | 1.1% | 3.6% | 3.1% |
| Other Income | 0.00 | 1.66 | 0.95 | 0.00 | 0.00 | 0.00 | 0.13 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 |
| Interest | 0.12 | 0.49 | 0.82 | 0.14 | 0.27 | 0.07 | 0.34 | 0.07 | 0.06 | 0.28 | 0.17 | 0.07 |
| Depreciation | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 |
| Profit before tax | 0.37 | 1.20 | 0.30 | −0.34 | 0.42 | 0.16 | 0.09 | 0.17 | 0.54 | 0.30 | 0.96 | 0.61 |
| Tax % | 23.6% | 21.5% | −32.3% | 0.0% | 23.2% | 17.6% | 19.9% | 16.6% | 21.8% | 32.2% | 19.5% | 14.5% |
| Net Profit | 0.28 | 0.94 | 0.39 | −0.34 | 0.32 | 0.13 | 0.09 | 0.14 | 0.42 | 0.20 | 0.77 | 0.52 |
| EPS (Rs) | 0.30 | 0.96 | 0.41 | −0.36 | 0.34 | 0.15 | 0.11 | 0.12 | 0.33 | 0.17 | 0.60 | 0.41 |
| Mar 2018 9m | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 13.03 | 26.07 | 29.06 | 33.09 | 51.16 | 51.16 | 62.16 | 88.25 | 156 | 153 |
| Expenses | 12.97 | 25.95 | 28.93 | 32.94 | 49.88 | 49.89 | 60.85 | 85.84 | 153 | 150 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 3.01 | 3.11 |
| OPM % | 1.6% | 0.1% | 1.6% | 2.1% | 1.3% | 1.4% | 2.3% | 1.5% | 1.7% | 2.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 0.99 | 0.99 | 0.00 | 0.00 | 0.02 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 0.58 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 |
| Profit before tax | 0.00 | 0.00 | 0.00 | 0.99 | 1.99 | 0.99 | 0.99 | 0.99 | 1.99 | 2.41 |
| Tax % | 25.0% | 33.0% | 26.0% | 12.9% | 11.0% | 25.0% | 12.0% | 20.9% | 22.0% | — |
| Exceptional items | — | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 | 0.00 | 0.00 | — |
| Net Profit | 0.00 | 0.00 | 0.00 | 0.99 | 1.99 | 0.99 | 0.99 | 0.99 | 1.99 | 1.91 |
| EPS (Rs) | 0.30 | 0.03 | 0.15 | 0.61 | 1.68 | 1.08 | 1.20 | 0.58 | 1.20 | 1.51 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.01 | 6.99 | 7.01 | 9.99 | 9.99 | 9.97 | 9.99 | 9.99 | 12.97 |
| Reserves | 1.00 | 6.00 | 6.01 | 2.99 | 5.00 | 5.99 | 12.01 | 13.00 | 22.00 |
| Borrowings | 0.00 | 2.00 | 4.00 | 5.01 | 9.02 | 13.02 | 17.03 | 16.00 | 16.03 |
| Other Liabilities | 1.00 | 0.00 | 0.00 | 0.01 | −0.01 | 1.00 | 1.00 | 1.01 | 2.01 |
| Total Liabilities | 6.01 | 13.99 | 17.02 | 18.00 | 24.00 | 29.98 | 40.03 | 40.00 | 52.01 |
| Fixed Assets | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 2.99 | 2.99 | 2.99 | 1.99 | 5.99 | 5.98 | 9.98 |
| Other Assets | 6.01 | 13.99 | 13.02 | 15.01 | 22.01 | 27.99 | 34.04 | 34.02 | 42.03 |
| Inventories | 1.29 | 10.53 | 10.41 | 14.38 | 21.26 | 26.93 | 32.47 | 32.12 | 38.20 |
| Trade receivables | 4.55 | 2.05 | 2.03 | 0.55 | 0.12 | 0.60 | 0.11 | 0.32 | 0.05 |
| Cash & equivalents | 0.02 | 1.08 | 0.03 | 0.03 | 0.02 | 0.00 | 0.27 | 0.42 | 1.41 |
| Total Assets | 6.01 | 13.99 | 17.02 | 18.00 | 24.00 | 29.98 | 40.03 | 40.00 | 52.01 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −4.99 | −6.99 | 3.99 | −0.99 | −1.99 | −0.99 | −0.99 | 0.99 | −4.99 |
| Cash from investing activity | 0.00 | 0.99 | −3.99 | 0.99 | 0.00 | 0.99 | −3.99 | 0.00 | −3.99 |
| Cash from financing activity | 5.01 | 7.01 | 0.00 | 0.00 | 1.01 | 1.01 | 5.01 | −1.01 | 10.02 |
| Net cash flow | 0.00 | 1.99 | −0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 |
| Capex | 0.08 | 0.00 | 0.86 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.05 |
| Free cash flow | −5.01 | −6.01 | 3.01 | 0.00 | −2.01 | −1.01 | −1.01 | 1.01 | −5.01 |
| CFO / OP % | −2,276.0% | −22,000.0% | 744.0% | −159.0% | −230.0% | −165.0% | −39.0% | 68.0% | −178.0% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 123 | 28 | 25 | 6 | 1 | 4 | 1 | 1 | 0 |
| Inventory days | 36 | 148 | 136 | 164 | 157 | 200 | 200 | 138 | 93 |
| Days payable | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash conversion cycle | 150 | 175 | 160 | 168 | 157 | 203 | 199 | 138 | 92 |
| Working capital days | 136 | 158 | 105 | 112 | 89 | 102 | 94 | 68 | 55 |
| ROCE % | — | 1.0% | 3.0% | 4.0% | 3.0% | 2.0% | 4.0% | 3.0% | 6.0% |
For the Jun 2026 quarter, S.M. Gold reported sales of ₹22.56 Cr, down 11.9% year on year and net profit of ₹0.52 Cr, up 271.4% year on year. The operating margin was 3.1%.
S.M. Gold's sales for the year to Mar 2026 were ₹156 Cr; over the last twelve months they were ₹153 Cr.
Net profit for the year to Mar 2026 was ₹1.99 Cr, and ₹1.91 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.51.
S.M. Gold reported borrowings of ₹16.03 Cr at Mar 2026, against cash and equivalents of ₹1.41 Cr.
Cash from operations was −₹4.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹5.01 Cr.