SMR Jewels Ltd (544774)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, SMR Jewels' revenue was ₹233 Cr (+22.0% year on year), and net profit ₹14.0 Cr (+100.0% year on year); the operating margin was 9.0%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹233 | +22.0% | — |
| Operating profit | ₹21.0 | +90.9% | — |
| Net profit | ₹14.0 | +100.0% | — |
| EPS (₹) | 9.60 | -36.0% | — |
| Operating margin | 9.0% | — | — |
📢 Recent Corporate Announcements
SMR Jewels Limited has received domestic jewellery orders totaling Rs 67.00 crore from multiple vendors at the Couture India Show 2026. Order confirmations were received across October 6 and October 7, 2026. The contract represents approximately 15.5% of the company's FY26 revenue of Rs 432 crore, providing healthy revenue visibility. Execution timelines and individual vendor details were not specifically disclosed and remain mutually agreed between contracting parties.
- Order size stands at Rs 67,00,43,800 (~Rs 67.00 crore) from multiple domestic vendors
- Orders secured following participation in Couture India Show 2026 (held Sept 26-28, 2026)
- Confirmations formally received on October 6 and October 7, 2026
- Order value constitutes ~15.5% of FY26 annual revenue (Rs 432 crore)
Craft Emerging Market Fund PCC (across Citadel Capital Fund, Elite Capital Fund, and Arbitrage Strategy Fund) has disclosed an acquisition of an 8.88% stake in SMR Jewels Ltd. The acquirers previously held nil shares and acquired 1,656,000 equity shares via allotment and open market transactions. The acquisition dates reported are June 5, 2026, and September 16, 2026. Following the transaction, the total share capital base stands at 18,653,743 equity shares.
- Craft Emerging Market Fund PCC and PACs acquired a combined 8.88% stake (1,656,000 shares)
- Acquisition increased their shareholding from Nil to 8.88% of total diluted voting capital
- Acquisition executed via allotment and open market on 05 Jun 2026 & 16 Sep 2026
- Total post-acquisition equity share capital stands at 18,653,743 shares
SMR Jewels Limited submitted its Annual Report for FY 2025-26 along with the Notice of its 8th Annual General Meeting scheduled for September 24, 2026 via video conferencing. The company detailed its post-fiscal listing on June 08, 2026, following an IPO of Rs 63.74 crore (49,80,000 shares at Rs 128 each). Key operational ratios showed a Net Profit Margin expansion to 5.72% in FY26 (up from 4.09% in FY25) and a ROCE of 59.64%, alongside an increase in trade receivables from Rs 7.65 crore to Rs 21.47 crore due to extended credit terms.
- 8th Annual General Meeting convened for Thursday, September 24, 2026 at 11:00 AM IST via VC/OAVM.
- Company completed an IPO aggregating to Rs 63.74 crore at Rs 128 per share, listing on June 08, 2026.
- Net Profit Ratio improved to 5.72% in FY26 compared to 4.09% in FY25 on better cost controls.
- Trade receivables increased to Rs 2,147.08 lakhs in FY26 from Rs 764.65 lakhs in FY25 due to extended customer credit terms.
- ROCE stood at 59.64% for FY26 compared to 48.47% in FY25.
SMR Jewels approved the notice for its 8th Annual General Meeting and the Directors' Report for FY26. The board fixed September 17, 2026, as the cut-off date for e-voting, with book closure scheduled from September 18 to September 24, 2026. Key management and governance updates include the appointment of CS Pooja Shankerlal Shah following the resignation of CS Sangita Rajpurohit, and the recommendation of M/s. Govil Rathi & Associates as secretarial auditor for a 5-year term (FY27-FY31).
- Fixed September 17, 2026 as the cut-off date for AGM remote e-voting (voting open Sep 21–23, 2026)
- Book closure period set from September 18, 2026 to September 24, 2026 (both days inclusive)
- Appointed CS Pooja Shankerlal Shah (ACS No. A56635) as CS & Compliance Officer effective August 27, 2026
- Recommended M/s. Govil Rathi & Associates as Secretarial Auditor for 5 years (FY 2026-27 to FY 2030-31)
SMR Jewels Ltd has announced the launch of a new collection of heritage-inspired jewellery incorporating traditional art and mythological themes. The new product line features Shiva-inspired motifs, the 'Shri Krishna – Vrindavan Leela' series, Damru necklaces, and Pichwai-inspired designs. The company did not disclose any specific revenue targets, inventory investment, or financial metrics associated with the launch. SMR Jewels reported FY26 revenue of Rs 432.0 crore and net profit of Rs 25.0 crore.
- Launched new heritage-inspired jewellery line on August 26, 2026
- Product themes include Shiva-inspired motifs, 'Shri Krishna – Vrindavan Leela' series, and Pichwai creations
- No financial outlays, production volumes, or revenue projections disclosed in the filing
SMR Jewels Limited has formally commenced utilizing its IPO proceeds for the planned construction of a new Jewellery Studio. The company marked the start of construction activities by conducting the Bhumi Poojan ceremony on the designated land on August 25, 2026. This project represents the deployment of capital raised from the public issue to expand retail/studio infrastructure. Specific capex outlay figures and project completion timelines were not disclosed in the announcement.
- Commenced utilization of IPO proceeds for the construction of a Jewellery Studio
- Performed the Bhumi Poojan ceremony on August 25, 2026, marking the start of construction
- Specific capex amount for the studio was not disclosed in the announcement
- Company posted FY26 revenues of Rs 432.0 Cr and net profit of Rs 25.0 Cr
SMR Jewels Ltd has scheduled a Board of Directors meeting on August 27, 2026. Key agenda items include approving the draft notice and Directors' Report for the 8th Annual General Meeting (AGM) for FY 2025-26. The board will also consider appointing Virendra Ramanlal Soni as Director cum Chairman, re-appointing Whole-Time Director Jainil Virendra Soni, and approving remuneration for the CFO. Additionally, the appointment of M/s. Govil Rathi & Associates as Secretarial Auditor for a 5-year tenure and related-party transactions will be reviewed.
- Board meeting scheduled for Thursday, August 27, 2026
- Approval of Notice and Directors' Report for the 8th Annual General Meeting (FY 2025-26)
- Proposed appointment of Virendra Ramanlal Soni as Director cum Chairman
- Appointment of M/s. Govil Rathi & Associates as Secretarial Auditor for a 5-year period
- Review and approval of remuneration for Chief Financial Officer Drashti Pal Modi
SMR Jewels Ltd has announced its participation in IIJS Bharat - Premiere 2026, one of the world's largest B2B gem and jewellery exhibitions, from August 6 to August 10, 2026, in Mumbai. The company intends to use this platform to launch several new product lines, including the Pichwai and Cow Collections, aimed at the heritage jewellery segment. While the company showed strong growth in FY26 with revenue reaching ₹432 crore compared to ₹263 crore in FY25, the direct financial impact of this specific event is currently unquantified. This participation is a standard business development activity to strengthen market presence and interact with B2B customers.
- Participating in IIJS Bharat - Premiere 2026 from August 6th to 10th, 2026, at Bombay Exhibition Centre.
- Launching new product collections including Story Telling Pieces, Eternal Heritage, Pichwai, and Cow Collections.
- Company reported a significant revenue increase to ₹432.0 cr in FY26 from ₹263.0 cr in FY25.
- Maintaining a high ROCE of 72.0% as per the latest financial context.
- Exhibition focus is on Heritage Jewellery and Antique Auras at Hall No. 3, Stall 3P-403C.
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Strategic growth analysis not yet available for this company.
External Factors
External factors analysis not yet available for this company.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Risk analysis not yet available for this company.
