539518

Uday Jewellery financials

Market cap
₹583 Cr
Sector
Consumer Durables

What Uday Jewellery does

Uday Jewellery Industries manufactures gold jewellery studded with Cubic Zirconia and other precious/coloured stones — rings, earrings, bracelets, bangles, necklaces, choker sets and bridal sets — from an integrated production facility in Hyderabad using both lost-wax casting and handmade techniques. It operates primarily as a B2B wholesaler under contracts with branded retail chains across India, invoicing jewellery at the prevailing gold price plus an agreed making charge, and has exported to the UAE since 2018 with a smaller presence in the USA. The company has also begun adding a direct retail/franchise and e-commerce channel alongside its core wholesale business.

Segments

  • B2B wholesale (domestic)
  • Exports
  • Retail/D2C (emerging)
Manufacturing facility
5-storey integrated unit at Basheerbagh, Hyderabad, 10,000 sq. ft. per floor
Production capacity
Scaling from 20 kg/month to 125 kg/month (sixfold increase)
Domestic sales footprint
8 states, led by Telangana; also Karnataka, Kerala, Tamil Nadu, Gujarat, Andhra Pradesh, Uttar Pradesh, Assam
Export markets
UAE (Dubai, since 2018) and USA
Export recognition
Star Export House (Govt. of India, 2007)
Production technique
Lost-wax casting and handmade jewellery manufacturing
Founded 1999Headquarters Hyderabad, Telangana Company website

Quarterly results

Q1 FY27: revenue up 6.7%, net profit up 10.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue62 99 106 134 136 +119%204 +106%226 +113%143 +7%
EBITDA4 6 4 15 8 +100%8 +33%15 +275%16 +7%
Net profit3 5 2 10 6 +100%6 +20%11 +450%11 +10%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +3.3% 1Y

₹120₹140₹160₹180Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹164.8 on 10 Sept 2025 → ₹170.3. High ₹177.45 (10 Sept 2026), low ₹114.8 (27 Mar 2026).

Financials, as filed

Revenue grew 58.2% a year over 3 years, FY23 to FY26. Operating margin narrowed to 6.6%.

Year endingFY23FY24FY25FY26
Revenue₹177 Cr₹173 Cr₹308 Cr₹700 Cr
Operating profit₹13 Cr₹13 Cr₹18 Cr₹46 Cr
Operating margin7.3%7.5%5.8%6.6%
Interest₹2 Cr₹0 Cr₹1 Cr₹6 Cr
Depreciation₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net profit₹9 Cr₹9 Cr₹13 Cr₹33 Cr
Net margin5.3%5.2%4.2%4.7%
Cash from operations₹2 Cr₹12 Cr₹-18 Cr₹-107 Cr
Free cash flow₹-1 Cr₹10 Cr₹-20 Cr₹-111 Cr
ROCE16.0%13.0%14.0%22.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹23 Cr₹23 Cr₹23 Cr₹23 Cr₹25 Cr₹34 Cr
Reserves₹30 Cr₹36 Cr₹45 Cr₹54 Cr₹106 Cr₹173 Cr
Borrowings₹13 Cr₹27 Cr₹33 Cr₹24 Cr₹26 Cr₹162 Cr
Other liabilities₹1 Cr₹2 Cr₹5 Cr₹9 Cr₹12 Cr₹11 Cr
Total liabilities₹67 Cr₹88 Cr₹106 Cr₹109 Cr₹168 Cr₹381 Cr
Fixed assets₹1 Cr₹1 Cr₹1 Cr₹5 Cr₹7 Cr₹13 Cr
Capital work in progress₹0 Cr₹1 Cr₹2 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
Other assets₹66 Cr₹87 Cr₹102 Cr₹104 Cr₹162 Cr₹366 Cr
Total assets₹67 Cr₹88 Cr₹106 Cr₹109 Cr₹168 Cr₹381 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −0.46 pp while promoters added +0.45 pp. The shareholder count grew 100% to 10,584.

Promoters
74.4%
Public
25.6%

Since Jun 2025

  • Public −0.46 pp
  • Promoters +0.45 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.8%, Public 26.2%.Dec '23: Promoters 73.8%, Public 26.2%.Mar '24: Promoters 73.8%, Public 26.2%.Jun '24: Promoters 73.8%, Public 26.2%.Sep '24: Promoters 73.8%, Public 26.2%.Dec '24: Promoters 74.5%, Public 25.5%.Mar '25: Promoters 73.9%, Public 26.1%.Jun '25: Promoters 73.9%, Public 26.1%.Sep '25: Promoters 74.9%, Public 25.1%.Dec '25: Promoters 74.9%, Public 25.1%.Mar '26: Promoters 74.9%, Public 25.1%.Jun '26: Promoters 74.4%, Public 25.6%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 8 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Uday Jewellery above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Ritesh Kumar Sanghi 17.07%−0.23 pp
Sanjay Kumar Sanghi 16.64%−0.22 pp
Bhavna Sanghi 8.23%−0.11 pp
Pritha Sanghi 7.97%−0.10 pp
Tejas Sanghi 6.56%−0.09 pp
Uday Sanghi 6.56%−0.09 pp
Sanghi Jewellers Pvt Ltd 4.41%−0.06 pp
Sarala Sanghi 4.37%−0.06 pp
Rajesh Gupta 1.65%unchanged
Sakshi Sanghi 1.39%+0.21 pp
Vinay Kumar Agarwal 1.30%unchanged
Mahima Sanghi 1.18%+0.21 pp

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹170, this stock must grow earnings at 12% every year for 7 years. Our analysis caps realistic growth at ~52%. At that growth it is worth ₹1197 — upside of 603%.

Growth the price implies
11.6% a year
for 7 years, fading to 4%
It has actually compounded at
51.9% a year
net profit, FY23–FY26
The gap
-0.4 pp
603% downside if it only repeats history
Price today ₹170.3 Value at the reference growth ₹1,196.56

Change the assumptions yourself →

Learn to analyse Uday Jewellery

Guides on how to read this kind of business and the numbers that matter.