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Shringar House of Mangalsutra share price & results

Shringar House of Mangalsutra Limited· Consumer Durables· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

India's largest B2B mangalsutra manufacturer, now expanding into bridal jewellery.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue548 ₹ crore+64.6% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin9.0 %−3.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit34.0 ₹ crore+17.2% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity27.56 %−9.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-12.96 %−12.3 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)65.12 %+27.3 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 2 judged targets kept · 5 open · verdicts reflect calls analysed to Q4 FY26.

Shringar House of Mangalsutra Limited management guidance track record on Inve: 7 targets tracked across analysed earnings calls (2 achieved, 0 missed, 5 open).

TargetOriginal wordingSaidLatest callVerdict
New Facility Capacity IncreaseAlmost double
Call transcript, Q3 FY26 · 12 Feb 2026		Q3 FY26Q4 FY26:Capacity increased from 2,500 kgs to 4,000 kgs, a 60% increase. This is a substantial expansion completed on time but falls short of the 'Almost double' (100%) target.
Call transcript, Q4 FY26 · 27 May 2026		Achieved*
CAGR Growth30%
Call transcript, Q3 FY26 · 12 Feb 2026		Q3 FY26Q4 FY26:FY26 revenue grew 57.1% YoY. Management reiterated commitment to 'approximately 30% growth over the next two to three years'.
Call transcript, Q4 FY26 · 27 May 2026		On Track

Source: Inve Guidance Tracker for Shringar House of Mangalsutra Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of Shringar House of Mangalsutra Limited's 7 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 5 more targets are in the full ledger.

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Price

₹279.94 −0.93% · −₹2.63

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance +30.9% 1Y

₹200₹250₹300Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q3 FY26 — 12 Feb 2026Q4 FY26 — 27 May 2026

1Y: ₹213.78 on 24 Oct 2025 → ₹279.94. High ₹319.19 (19 Oct 2026), low ₹166.89 (30 Mar 2026).

Previous close
₹282.57
Market cap
₹2.7k Cr
52-week range
₹166.89 – ₹319.19
One year
+33.36%
Price to earnings (TTM to Jun 2026)
22.31×
Return on equity (TTM to Jun 2026)
27.56%

Overview

Symbol
NSE:SHRINGARMS
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Shringar House of Mangalsutra Limited does

Based on the company's own presentations, annual report and earnings calls.

Shringar House of Mangalsutra designs, manufactures, and markets gold mangalsutras (in 18K and 24K purity, HUID-marked) on a B2B basis for large institutional jewellery retail chains and regional jewellers across India. It operates an integrated in-house manufacturing facility at Kandivali, Mumbai, complemented by outsourced production, and sells under both a job-work model (client-supplied bullion) and an outright-sale model. In FY26 the company extended its core mangalsutra business into bridal jewellery, its first new product category, leveraging the same design and manufacturing base.

Segments

  • Corporate Clients
  • Non-Corporate Clients
  • Mangalsutra
  • Bridal Jewellery
Market position
Largest B2B manufacturer of mangalsutras in India
Installed manufacturing capacity
4,000 kg per annum
Active SKUs
10,000+
Product collections
15+ curated collections
Geographic presence
24 states and 4 union territories
In-house design & production team
25 designers and 292 in-house karigars, plus 73 karigars via long-term partnerships
Founded 2009Headquarters Mumbai, Maharashtra, India Company website

How the price took the results

close before → close after

Q4 FY26
−2.1%
27 May
Q3 FY26
+1.4%
12 Feb

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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