Incorporated in 2018, SMR Jewels Limited is engaged in the design and distribution of Designer Heritage Jewellery.The company’s portfolio also includes Nature-Inspired Jewellery, reflecting designs influenced by flowers,…
Incorporated in 2018, SMR Jewels Limited is engaged in the design and distribution of Designer Heritage Jewellery.The company’s portfolio also includes Nature-Inspired Jewellery, reflecting designs influenced by flowers, leaves, vines, animals, and seasonal motifs, and Traditional Jewellery, comprising Jadtar, Meenakari, Polki, and Bridal & Festive collections. These creations cater to diverse preferences, from ornate heritage sets to contemporary designs for weddings and festivals.SMR Jewels does not own a manufacturing facility but outsources production to skilled artisans and craftsmen, while conceptualization and design are managed in-house.Its clientele includes reputed jewellers such as HSJ, Rokde Jewellers, WHP, JOSCO Jewellers, Kalamandir Jewellers, Vaibhav Jewellers, and D. P. Abhushan Limited.As of , March 31, 2026, the company employed 23 permanent staff members supported by a broader network of artisans and job workers.
Incorporated in 2018, SMR Jewels Limited is engaged in the design and distribution of Designer Heritage Jewellery.The company’s portfolio also includes Nature-Inspired Jewellery, reflecting designs influenced by flowers, leaves, vines, animals, and seasonal motifs, and Traditional Jewellery, comprising Jadtar, Meenakari, Polki, and Bridal & Festive collections. These creations cater to diverse preferences, from ornate heritage sets to contemporary designs for weddings and festivals.SMR Jewels does not own a manufacturing facility but outsources production to skilled artisans and craftsmen, while conceptualization and design are managed in-house.Its clientele includes reputed jewellers such as HSJ, Rokde Jewellers, WHP, JOSCO Jewellers, Kalamandir Jewellers, Vaibhav Jewellers, and D. P. Abhushan Limited.As of , March 31, 2026, the company employed 23 permanent staff members supported by a broader network of artisans and job workers.
SMR Jewels Ltd IPO Analysis
Pros
ROE of 55.52% indicates good return on equity.
ROCE of 50.18% shows efficient capital usage.
PAT margin of 6.01%.
Cons
Detailed analysis available after listing.
Pros and cons are machine generated. Please exercise caution and do your own analysis.
SMR Jewels Ltd IPO Subscription Status
Consolidated figures
1.09× overall
Metric
QIB
NII (HNI)
Retail
Total
Subscription
5.41×
1.00×
0.30×
1.09×
Shares
4,73,000
18,92,000
23,66,000
47,31,000
Bids
25,58,000
19,01,000
7,04,000
51,63,000
▼ Category-wise Detailed Breakdown
Category
Subscription
Offered
Bid Shares
Amt (₹ Cr)
QIB
5.41×
4,73,000
25,58,000
₹34.53
NII (HNI)
1.00×
18,92,000
19,01,000
₹25.66
Retail
0.30×
23,66,000
7,04,000
₹9.50
Market Maker
1.00×
2,49,000
2,49,000
₹3.36
Total
1.09×
47,31,000
51,63,000
₹73.06 Cr
Applications: -Total Bid Amount: ₹73.06 Cr
SMR Jewels Ltd IPO Profit & Loss
Figures in ₹ Crores / Amount in ₹ Crore
Metric
31 Dec 2025
31 Mar 2025
31 Mar 2024
Revenue
308.72
263.25
124.52
EBITDA
26.71
15.17
6.14
Profit After Tax
18.56
10.41
3.85
Net Worth
42.69
42.69
4.88
Total Assets
85.43
43.35
15.06
Reserves
4.88
19.25
4.87
Borrowings
16.54
19.25
7.65
Sales Growth
3 Years:
-59.7%
Latest:
124.52 Cr
Profit Growth
3 Years:
-79.3%
Latest PAT:
3.85 Cr
Return on Equity
ROE:
55.52%
ROCE:
50.18%
SMR Jewels Ltd IPO Key Financial Ratios
Profitability
ROE55.52%
ROCE50.18%
RONW43.14%
PAT Margin6.01%
EBITDA Margin8.65%
Valuation
Pre EPS7.11
Post EPS9.34
Pre P/E19×
Post P/E10.18×
P/BV4.63×
Leverage & Growth
Sales Growth (3yr)-59.7%
Profit Growth (3yr)-79.3%
Latest Revenue124.52 Cr
Latest PAT3.85 Cr
SMR Jewels Ltd IPO Objects of the Issue
1Funding capital expenditure requirements towards Construction of Jewellery Studio₹6.40 Cr
2Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions₹6.50 Cr
3Funding long-term Working Capital Requirement₹30.00 Cr
4Funding expenditure for General Corporate Purposes.