SMR Jewels (BSE 544774)₹85.00−1.05%Gems, Jewellery And Watches
In the Mar 2026 quarter (standalone), SMR Jewels reported sales of ₹232 Cr, up 21.9% from Mar 2025, and net profit of ₹14.01 Cr, up 99.9% year on year. For the year to Mar 2026, sales were ₹430 Cr and net profit ₹25.01 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Sales | 190 | 232 |
| Expenses | 181 | 213 |
| Operating Profit | 10.96 | 20.95 |
| OPM % | 6.0% | 9.0% |
| Other Income | 0.00 | 0.00 |
| Interest | 0.99 | 1.99 |
| Depreciation | 0.00 | 0.00 |
| Profit before tax | 10.03 | 18.05 |
| Tax % | 26.1% | 24.1% |
| Net Profit | 7.01 | 14.01 |
| EPS (Rs) | 15.03 | 9.61 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 67.75 | 125 | 262 | 430 |
| Expenses | 66.04 | 118 | 248 | 397 |
| Operating Profit | 1.99 | 5.98 | 14.95 | 35.91 |
| OPM % | 2.9% | 4.9% | 6.0% | 8.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.99 | 0.99 | 0.99 | 2.99 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1.01 | 5.02 | 14.04 | 33.10 |
| Tax % | 26.1% | 27.1% | 26.1% | 25.1% |
| Net Profit | 1.01 | 4.01 | 10.01 | 25.01 |
| EPS (Rs) | 911.38 | 3,853.80 | 21.33 | 16.90 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 4.99 | 14.97 |
| Reserves | 0.99 | 4.99 | 18.96 | 34.95 |
| Borrowings | 5.97 | 7.98 | 8.96 | 16.93 |
| Other Liabilities | 14.02 | 3.02 | 11.06 | 19.09 |
| Total Liabilities | 20.97 | 14.98 | 42.97 | 85.94 |
| Fixed Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 20.97 | 14.98 | 42.97 | 84.94 |
| Inventories | 13.02 | 9.02 | 23.05 | 56.06 |
| Trade receivables | 6.01 | 4.01 | 8.01 | 21.02 |
| Cash & equivalents | 0.99 | 0.00 | 10.01 | 0.00 |
| Total Assets | 20.97 | 14.98 | 42.97 | 85.94 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from operating activity | −0.99 | −0.99 | 0.99 | −15.94 |
| Cash from investing activity | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from financing activity | 0.99 | 0.99 | 8.98 | 6.97 |
| Net cash flow | 0.00 | 0.00 | 9.96 | −9.97 |
| Capex | 0.01 | 0.07 | 0.05 | 0.39 |
| Free cash flow | −0.99 | −0.99 | 0.99 | −16.96 |
| CFO / OP % | −68.1% | −16.0% | 23.0% | −34.0% |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor days | 32 | 13 | 12 | 19 |
| Inventory days | 72 | 29 | 34 | 52 |
| Days payable | 45 | 1 | 2 | 6 |
| Cash conversion cycle | 58 | 40 | 43 | 64 |
| Working capital days | 27 | 30 | 30 | 51 |
| ROCE % | — | 61.0% | 67.0% | 72.0% |
For the Mar 2026 quarter, SMR Jewels reported sales of ₹232 Cr, up 21.9% year on year and net profit of ₹14.01 Cr, up 99.9% year on year. The operating margin was 9.0%.
SMR Jewels' sales for the year to Mar 2026 were ₹430 Cr.
Net profit for the year to Mar 2026 was ₹25.01 Cr. Earnings per share over the same trailing period were ₹16.90.
SMR Jewels reported borrowings of ₹16.93 Cr at Mar 2026, against cash and equivalents of ₹0 Cr.
Cash from operations was −₹15.94 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹16.96 Cr.