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    Shringar House of Mangalsutra Limited

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

    Consumer Durables
    Consumer Discretionary
    View SHRINGARMS earnings calls
    ₹214.08
    +4.05% from avg

    Overview

    Price

    ₹214.08

    Market Cap

    ₹2.1k Cr

    Sector

    Consumer Durables

    Consumer Discretionary

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital0999729696
    Reserves537397128129515581
    Borrowings239893110123185189
    Other Liabilities26151318525125
    Total Liabilities102195212265376848892
    AssetsFixed Assets15515250505265
    CWIP0000000
    Investments0000000
    Other Assets88145160215326796827
    Total Assets102195212265376848892

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-5-3013-14-7-282
    Cash from Investing0-36-3-2-3-103
    Cash from Financing469-9129410
    SummaryCapital Expenditure
    Free Cash Flow-5-6610-15-10-290
    FCF Margin

    Valuation

    Assumptions

    Current — SHRINGARMS
    Price
    ₹214
    EPS (TTM)
    ₹12.97
    PE (TTM)
    16.5
    Profit growth
    90.2%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (17.5×) and current (16.5×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹214
    vs
    Fair value · 15% return
    ₹3,239
    1413%Undervalued

    At 90.2% growth and a 17× exit, ₹214 only delivers your return if you pay ₹3,239. The price is currently baking in 17% growth.

    EPS grows 90.2%/yr for 5 years, then fades to 6% over 2, exits at 17×.

    YearGrowthEPS (₹)
    FY2790.2%24.67
    FY2890.2%46.92
    FY2990.2%89.24
    FY3090.2%169.74
    FY3190.2%322.84
    FY3248.1% ·fade478.13
    FY336.0% ·fade506.82

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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