LYPSAGEMS
Lypsa Gems & Jewellery financials
- Market cap
- ₹14 Cr
- Sector
- Consumer Durables
What Lypsa Gems & Jewellery Limited does
Lypsa Gems & Jewellery buys rough and polished diamonds from tenders and dealers and, per its FY25 annual report, now runs a trading model — sourcing stones as per client demand and adding value through sorting and assortment to earn a trading margin, with a stated focus on the Indian market. The company has discontinued diamond cutting-and-polishing manufacturing, terming it commercially non-viable, and does not hold a factory license. Historically (per its 2017 investor presentation) it operated as a vertically integrated diamond business spanning rough-diamond sourcing, cutting and polishing at a Gujarat facility, and diamond-studded jewellery retail under its own brands. Its wholly owned Dubai (DMCC, UAE) subsidiary was placed into liquidation in March 2024 and stood dissolved as of the FY25 report.
Segments
- Diamond trading (rough and polished)
- Diamond cutting and polishing
- Jewellery retail
- Current business model
- Diamond trading (rough & polished) — manufacturing discontinued
- Manufacturing facility
- None — no factory license held (FY25)
- Foreign subsidiary
- Lypsa Gems & Jewellery DMCC (Dubai, UAE), 100%-owned — dissolved/liquidated Mar 2024
- Cutting & polishing capacity (historical)
- 250,000 carats/yr at Chhapi, Gujarat factory (as of 2017)
- Rough diamonds sold (historical, 5-yr cumulative)
- 450,000+ carats (to 2017)
- Polished diamonds sold (historical, 5-yr cumulative)
- 600,000+ carats globally (to 2017)
Quarterly results
Q4 FY25: revenue up 133.3%, net profit up 54.5% against the same quarter last year.
| Line item | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 4 | 0 | 3 | 1 −50% | 3 −25% | 6 | 7 +133% |
| EBITDA | 0 | 0 | 0 | -33 | 0 | 0 | 0 | -15 +55% |
| Net profit | 0 | 0 | 0 | -33 | 0 | 0 | 0 | -15 +55% |
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 −23.9% 1Y
1Y: ₹6.49 on 10 Sept 2025 → ₹4.94. High ₹7.21 (15 Sept 2025), low ₹4.22 (30 Mar 2026).
Financials, as filed
Revenue grew 14.4% a year over 2 years, FY23 to FY25. Operating margin widened to -88.2%.
| Year ending | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | ₹13 Cr | ₹9 Cr | ₹17 Cr |
| Operating profit | ₹-44 Cr | ₹-33 Cr | ₹-15 Cr |
| Operating margin | -338.5% | -366.7% | -88.2% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹-44 Cr | ₹-33 Cr | ₹-15 Cr |
| Net margin | -338.5% | -366.7% | -88.2% |
| Cash from operations | ₹7 Cr | ₹0 Cr | ₹-7 Cr |
| Free cash flow | ₹7 Cr | ₹0 Cr | ₹-7 Cr |
| ROCE | -48.0% | -61.0% | -45.0% |
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 ending | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Equity capital | ₹29 Cr | ₹29 Cr | ₹29 Cr | ₹29 Cr | ₹29 Cr | ₹29 Cr |
| Reserves | ₹98 Cr | ₹70 Cr | ₹73 Cr | ₹34 Cr | ₹2 Cr | ₹-13 Cr |
| Borrowings | ₹21 Cr | ₹21 Cr | ₹13 Cr | ₹6 Cr | ₹6 Cr | ₹13 Cr |
| Other liabilities | ₹161 Cr | ₹167 Cr | ₹163 Cr | ₹49 Cr | ₹38 Cr | ₹36 Cr |
| Total liabilities | ₹309 Cr | ₹287 Cr | ₹279 Cr | ₹119 Cr | ₹76 Cr | ₹66 Cr |
| Fixed assets | ₹4 Cr | ₹4 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹305 Cr | ₹284 Cr | ₹275 Cr | ₹116 Cr | ₹73 Cr | ₹63 Cr |
| Total assets | ₹309 Cr | ₹287 Cr | ₹279 Cr | ₹119 Cr | ₹76 Cr | ₹66 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
The ownership split has held steady since Jun 2025. The shareholder count shrank 6% to 20,809.
- Promoters
- 36.4%
- Government
- 0.2%
- Public
- 63.4%
Since Jun 2025
- Promoters 0.00 pp
- FIIs 0.00 pp
- Government 0.00 pp
How it drifted, 12 quarters
Over this window FIIs fell from 2.0% to 0.0% — −2.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 36.4%, FIIs 2.0%, Government 0.2%, Public 61.4%.Dec '23: Promoters 36.4%, Government 0.2%, Public 63.4%.Mar '24: Promoters 36.4%, Government 0.2%, Public 63.4%.Jun '24: Promoters 36.4%, Government 0.2%, Public 63.4%.Sep '24: Promoters 36.4%, Government 0.2%, Public 63.4%.Dec '24: Promoters 36.4%, Government 0.2%, Public 63.4%.Mar '25: Promoters 36.4%, Government 0.2%, Public 63.4%.Jun '25: Promoters 36.4%, Government 0.2%, Public 63.4%.Sep '25: Promoters 36.4%, Government 0.2%, Public 63.4%.Dec '25: Promoters 36.4%, Government 0.2%, Public 63.4%.Mar '26: Promoters 36.4%, Government 0.2%, Public 63.4%.Jun '26: Promoters 36.4%, Government 0.2%, Public 63.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Lypsa Gems & Jewellery Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Dipan Babulal Patwa | 18.29% | unchanged |
| Manish J Janani | 18.09% | unchanged |
| Corporate Stock Broking Pvt Ltd | 2.14% | unchanged |
| Corporate Share Registery Pvt Ltd | 1.42% | unchanged |
| Corporate Commodity Bokers Pvt Ltd | 1.42% | unchanged |
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.
Learn to analyse Lypsa Gems & Jewellery Limited
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