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Utssav CZ Gold Jewels (UTSSAV)₹751.85−5.00%Gems, Jewellery And Watches
In the Mar 2026 quarter (standalone), Utssav CZ Gold Jewels reported sales of ₹677 Cr, up 87.6% from Mar 2025, and net profit of ₹30.02 Cr, up 100.0% year on year. For the year to Mar 2026, sales were ₹1,151 Cr and net profit ₹59.04 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 155 | 183 | 284 | 361 | 473 | 677 |
| Expenses | 147 | 171 | 270 | 339 | 432 | 634 |
| Operating Profit | 8.97 | 12.96 | 14.95 | 23.94 | 43.88 | 46.89 |
| OPM % | 5.0% | 7.1% | 5.0% | 7.1% | 9.0% | 7.1% |
| Other Income | 2.01 | 0.00 | 0.00 | 1.01 | 1.01 | 2.01 |
| Interest | 2.01 | 3.01 | 2.01 | 4.01 | 5.02 | 7.02 |
| Depreciation | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 |
| Profit before tax | 7.97 | 8.97 | 12.95 | 19.93 | 38.86 | 40.85 |
| Tax % | 19.0% | 31.0% | 26.0% | 23.0% | 25.0% | 27.0% |
| Net Profit | 7.01 | 6.01 | 9.99 | 15.01 | 28.99 | 30.02 |
| EPS (Rs) | 15.85 | 3.71 | 4.15 | 6.40 | 12.22 | 12.31 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 117 | 120 | 123 | 237 | 339 | 644 | 1,151 |
| Expenses | 113 | 117 | 117 | 227 | 320 | 608 | 1,067 |
| Operating Profit | 3.99 | 3.99 | 5.98 | 11.97 | 20.94 | 39.90 | 90.79 |
| OPM % | 3.7% | 2.9% | 5.0% | 5.0% | 6.1% | 6.1% | 8.1% |
| Other Income | 0.00 | 0.00 | 0.00 | 2.01 | 2.01 | 1.01 | 3.01 |
| Interest | 1.01 | 1.01 | 2.01 | 4.01 | 5.02 | 6.02 | 13.03 |
| Depreciation | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 | 1.01 |
| Profit before tax | 2.99 | 1.99 | 3.99 | 9.97 | 16.95 | 32.89 | 79.71 |
| Tax % | 25.0% | 26.0% | 21.0% | 25.9% | 25.0% | 24.0% | 26.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 0.00 | 0.00 |
| Net Profit | 1.99 | 1.99 | 3.01 | 7.01 | 13.01 | 25.01 | 59.04 |
| EPS (Rs) | 4.95 | 3.87 | 7.98 | 17.09 | 7.67 | 10.56 | 24.54 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3.98 | 3.98 | 3.98 | 3.99 | 16.93 | 23.89 | 23.89 |
| Reserves | 5.98 | 7.97 | 10.96 | 17.93 | 17.94 | 103 | 173 |
| Borrowings | 14.96 | 29.92 | 35.88 | 49.82 | 72.80 | 129 | 185 |
| Other Liabilities | 2.99 | 1.99 | 4.97 | 9.95 | 12.94 | 12.94 | 23.89 |
| Total Liabilities | 27.91 | 43.86 | 55.79 | 81.69 | 121 | 269 | 406 |
| Fixed Assets | 7.98 | 8.98 | 9.97 | 9.98 | 11.97 | 7.98 | 8.98 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 19.93 | 34.88 | 45.82 | 71.71 | 110 | 260 | 398 |
| Inventories | 5.01 | 10.01 | 19.01 | 24.01 | 22.01 | 84.04 | 158 |
| Trade receivables | 12.01 | 21.01 | 23.01 | 32.02 | 56.97 | 109 | 171 |
| Cash & equivalents | 0.00 | 0.00 | 0.00 | 0.00 | 24.92 | 55.82 | 51.88 |
| Total Assets | 27.91 | 43.86 | 55.79 | 81.69 | 121 | 269 | 406 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 2.99 | −13.96 | −1.99 | −11.98 | 6.99 | −88.75 | −60.88 |
| Cash from investing activity | 0.00 | 0.00 | −1.99 | 0.99 | −0.99 | 2.99 | 0.00 |
| Cash from financing activity | −3.01 | 14.02 | 4.01 | 10.01 | 19.02 | 118 | 56.04 |
| Net cash flow | −0.99 | 0.00 | 0.00 | 0.00 | 23.92 | 31.91 | −4.99 |
| Capex | 0.15 | 0.06 | 1.81 | 0.83 | 2.99 | 4.43 | 1.69 |
| Free cash flow | 2.99 | −13.97 | −3.99 | −9.97 | 4.99 | −86.70 | −61.82 |
| CFO / OP % | 82.0% | −396.9% | −18.0% | −73.9% | 52.1% | −204.9% | −44.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 40 | 66 | 68 | 49 | 62 | 63 | 55 |
| Inventory days | 17 | 33 | 63 | 40 | 26 | 52 | — |
| Days payable | 3 | 1 | 1 | 0 | 0 | 1 | — |
| Cash conversion cycle | 50 | 95 | 127 | 86 | 85 | 111 | 53 |
| Working capital days | 13 | 55 | 49 | 33 | 4 | 41 | 44 |
| ROCE % | — | 9.9% | 13.0% | 19.9% | 23.9% | 22.0% | 29.0% |
For the Mar 2026 quarter, Utssav CZ Gold Jewels reported sales of ₹677 Cr, up 87.6% year on year and net profit of ₹30.02 Cr, up 100.0% year on year. The operating margin was 7.1%.
Utssav CZ Gold Jewels' sales for the year to Mar 2026 were ₹1,151 Cr.
Net profit for the year to Mar 2026 was ₹59.04 Cr. Earnings per share over the same trailing period were ₹24.54.
Utssav CZ Gold Jewels reported borrowings of ₹185 Cr at Mar 2026, against cash and equivalents of ₹51.88 Cr.
Cash from operations was −₹60.88 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹61.82 Cr.