S. M. Gold Limited - consumer goods in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L74999GJ2017PLC098438 Incorporated 26 July 2017 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - BSE: 542034 Public Limited Company consumer goods MSME · Medium
Data last updated
Market Cap
₹18.80 Cr
SMGOLD · BSE
Share Price
₹14.51
+2.18% today
Revenue
₹156 Cr
FY 2025-26 · +77.8% YoY
EBITDA
₹2.62 Cr
Margin 1.7%
Net Profit
₹1.56 Cr
FY 2025-26 · +290.0% YoY
P/E (TTM)
8.9x
P/B 0.6x
ROE
5.9%
ROCE 6.2%
Debt / Equity
0.61
Interest cover 23.6x

About S. M. Gold Limited

Data last updated:

S. M. Gold Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 26 July 2017 and has been in existence for over 9 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L74999GJ2017PLC098438. Its GSTIN is 24AAZCS0013P1ZX (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 542034.

The company has an authorised share capital of ₹30.1 Cr and a paid-up capital of ₹13.24 Cr. It was formerly known as S. M. Gold Private Limited. It is led by directors including Pulkitkumar Sureshbhai Shah (Managing Director) and Priyank Sureshkumar Shah.

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹156.06 Cr, a growth of 77.8% compared to the previous year. For the same year it recorded a net profit of ₹1.56 Cr (net margin 1%) and EBITDA of ₹2.62 Cr (EBITDA margin 1.7%). The net worth stands at ₹30.21 Cr (up 33.1% YoY). Total assets are valued at ₹45.96 Cr (up 17.8% YoY).

The company is associated with 1 brand: SM Gold. As per MCA filings, the company has open charges of ₹21.81 Cr and satisfied charges of ₹1.23 Cr on record. The company has 68 deals on record (67 market trades, 1 ipo); the latest was in May 2026. Its 3 peer companies in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 2 smaller; the largest is Brindavan Enterprises Private Limited with revenue of ₹63.45 Cr.

S. M. Gold Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0006433). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smgoldltd.com.

Company details

CIN L74999GJ2017PLC098438
Registration Number 098438
Incorporation Date 26 July 2017
ROC Ahmedabad
Listing Status Listed - Listed on BSE (542034)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0006433

CIN history

S. M. Gold has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74999GJ2017PLC098438, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L74999GJ2017PLC098438Current
U74999GJ2017PLC098438Previous
U74999GJ2017PTC098438Previous

Recognitions & Rankings of S. M. Gold

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-01-0006433

Contact details

S. M. Gold Limited's registered office is in Ahmedabad, Gujarat. Its website is smgoldltd.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Shop No. 1 To 3 2nd Floor 24 Caret Building Opp. Rok Regency Hotel Law Garden C G, Road, Ahmedabad, Gujarat, India – 380009
  • Industry
    Consumer Goods, Watches & Jewelry Manufacturing

To see the full contact details of S. M. Gold Limited, buy the company report.

Comprehensive company report
S. M. Gold Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

S. M. Gold operates one associated brand: SM Gold. Each brand links to its own profile.

BrandDescriptionWebsite
Black beads jewellery is manufactured by SM Gold in India.smgoldltd.com

Business activity

The main business activity of S. M. Gold is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of S. M. Gold Limited, buy the company report.

Financials of S. M. Gold Limited

FY 2025-26 filings available

S. M. Gold Limited reported revenue of ₹156.06 Cr (up 77.8% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹156 Cr
+77.8% YoY
EBITDA
₹2.62 Cr
+98.5% YoY
Profit After Tax
₹1.56 Cr
+290.0% YoY
Net Worth
₹30.21 Cr
+33.1% YoY
Total Assets
₹45.96 Cr
+17.8% YoY
Total Debt
₹15.76 Cr
-3.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue15687.7962.2550.9351.0933.4029.16
Revenue growth+77.8%+41.0%+22.2%-0.3%+53.0%+14.5%-
EBITDA2.621.321.410.680.670.690.50
EBITDA margin+1.7%+1.5%+2.3%+1.3%+1.3%+2.1%+1.7%
Profit before tax2.000.711.341.401.880.690.21
Net profit1.560.400.340.140.260.210.15
Net profit margin+1.0%+0.5%+0.6%+0.3%+0.5%+0.6%+0.5%
EPS (₹)1.190.571.191.061.680.600.21
Balance sheet
Total assets45.9639.0239.0529.4624.0618.1716.88
Net worth30.2122.6922.1316.1515.1413.4612.85
Total debt15.7616.3316.9313.318.924.714.03
Cash & bank1.400.410.260.000.010.020.02
Net working capital41.0433.3533.3627.6921.4715.0512.51
Cash flow
Cash from operations(5.11)0.74(0.71)(1.49)(1.74)(1.19)3.52
Cash from investing0.760.13(4.31)0.810.491.16(4.28)
Cash from financing5.33(0.72)5.270.671.240.04(0.29)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue42.9322.5033.1052.7444.6925.5314.6731.52
Revenue growth (YoY)-3.9%-11.9%+125.6%+67.3%+7.4%+9.6%--
Other income0.000.000.000.010.030.000.140.00
Total expenses42.3221.8031.9152.1544.1025.2814.3431.25
EBITDA0.610.701.190.590.590.250.330.27
EBITDA margin+1.4%+3.1%+3.6%+1.1%+1.3%+1.0%+2.2%+0.9%
Depreciation0.000.000.040.000.000.000.010.01
Interest0.080.080.180.290.070.080.350.08
Profit before tax0.530.620.970.310.550.170.110.18
Tax0.110.090.190.100.120.030.020.03

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 31 Oct 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue42.9322.5033.1052.7444.6925.5314.6731.52
Revenue growth (YoY)-3.9%-11.9%+125.6%+67.3%+7.4%+9.6%--
Other income0.000.000.000.010.030.000.140.00
Total expenses42.3221.8031.9152.1544.1025.2814.3431.25
EBITDA0.610.701.190.590.590.250.330.27
EBITDA margin+1.4%+3.1%+3.6%+1.1%+1.3%+1.0%+2.2%+0.9%
Depreciation0.000.000.040.000.000.000.010.01
Interest0.080.080.180.290.070.080.350.08
Profit before tax0.530.620.970.310.550.170.110.18
Tax0.110.090.190.100.120.030.020.03
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue15687.7962.2550.9351.0933.4029.16
Revenue growth+77.8%+41.0%+22.2%-0.3%+53.0%+14.5%-
Other income0.030.140.971.221.600.450.03
Total expenses15386.4760.8450.2550.4232.7128.66
Employee cost0.930.810.680.340.190.260.22
EBITDA2.621.321.410.680.670.690.50
EBITDA margin+1.7%+1.5%+2.3%+1.3%+1.3%+2.1%+1.7%
Depreciation0.040.030.030.030.030.040.03
Interest0.610.721.010.470.360.410.29
Profit before tax2.000.711.341.401.880.690.21
Tax0.440.150.160.350.200.090.05
Net profit1.560.400.340.140.260.210.15
Net profit margin+1.0%+0.5%+0.6%+0.3%+0.5%+0.6%+0.5%
EPS (₹)1.190.571.191.061.680.600.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital13.2410.0410.0410.0410.0410.046.69
Reserves & surplus16.9712.6512.096.115.103.426.16
Shareholders' funds (net worth)30.2122.6922.1316.1515.1413.4612.85
Secured loans0.000.000.000.000.000.000.00
Unsecured loans15.7616.3316.9313.318.924.714.03
Total debt15.7616.3316.9313.318.924.714.03
Total liabilities45.9639.0239.0529.4624.0618.1716.88
Assets
Gross block0.350.290.260.250.200.190.96
Net block0.100.080.080.100.070.090.90
Capital work in progress0.000.000.000.000.000.000.00
Investments5.336.116.141.692.513.013.41
Inventories38.0631.9832.3726.8221.1914.3210.38
Sundry debtors0.040.310.100.590.110.542.02
Cash & bank balances1.400.410.260.000.010.020.02
Loans & advances2.541.281.170.820.450.320.35
Total current assets42.0433.9833.9028.2321.7615.2012.77
Total current liabilities1.000.630.540.540.290.150.26
Net working capital41.0433.3533.3627.6921.4715.0512.51
Total assets45.9639.0239.0529.4624.0618.1716.88
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.410.260.000.010.020.021.07
Net cash from operating activities(5.11)0.74(0.71)(1.49)(1.74)(1.19)3.52
Net cash from investing activities0.760.13(4.31)0.810.491.16(4.28)
Net cash from financing activities5.33(0.72)5.270.671.240.04(0.29)
Net change in cash0.990.160.25(0.01)(0.01)0.00(1.05)
Closing cash1.400.410.260.000.010.020.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+77.8%+41.0%+22.2%-0.3%+53.0%+14.5%-
EBITDA growth+98.5%-6.4%+107.4%+1.5%-2.9%+38.0%-
PBT growth+181.7%-47.0%-4.3%-25.5%+172.5%+228.6%+600.0%
Net income growth+290.0%+17.7%+142.9%-46.2%+23.8%+40.0%-
Revenue CAGR (3Y)+45.3%+19.8%+23.1%+20.4%+24.7%+35.3%-
EBITDA CAGR (3Y)+56.8%+25.4%+26.9%+10.8%+181.6%+48.7%-
Profitability & leverage
Net income margin+1.0%+0.6%+1.9%+2.1%+3.3%+1.8%+0.6%
Return on capital employed+6.2%+3.3%+4.1%+2.5%+3.1%+3.7%+3.1%
Return on net worth+5.9%+1.8%+1.8%+1.0%+1.8%+1.6%+1.1%
Debt / equity0.610.740.790.710.480.330.22
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover23.6455.8173.1972.3156.2563.0861.70
Efficiency & per share
Fixed asset turnover487.69319.24244.12226.36262.0058.0955.54
Inventory turnover4.462.732.102.122.882.702.80
Debtors turnover891.77428.24180.43145.51157.2026.0914.36
EPS (₹)1.190.571.191.061.680.600.21
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)22.8222.6122.0416.0915.0813.4019.20

To see the full year-wise statements and ratios of S. M. Gold Limited, buy the company report.

Board of directors of S. M. Gold Limited

S. M. Gold has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Priyank Sureshkumar ShahDirector26 Jul 20179 Years 3 MonthsCurrent
Nitaben Sureshkumar ShahDirector25 Jun 20188 Years 4 MonthsCurrent
Pulkitkumar Sureshbhai ShahManaging Director26 Jul 20179 Years 3 MonthsCurrent
Girishchandra Madhavlal PatelDirector11 Jan 20215 Years 9 MonthsCurrent
Ganpatbhai Babubhai NayiDirector11 Jan 20215 Years 9 MonthsCurrent
Jagdishkumar Jivatlal LoladiyaDirector06 Sep 20224 Years 1 MonthsCurrent

Peer comparison

S. M. Gold Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (wholesale trading), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
S. M. Gold Limitedthis company₹156.06 Cr (FY 2026)₹1.56 Cr1%77.8%Ahmedabad, Gujarat, India
Brindavan Enterprises Private Limited₹63.45 Cr (FY 2024)43.0%New Delhi, Delhi, India
Cheyyar Sri Kumaran Private Limited₹62.96 Cr (FY 2023)31.0%Tiruvannamalai, Tamil Nadu, India
Fine Colour Gems Private Limited₹62.8 Cr (FY 2025)18.0%Jaipur, Rajasthan, India

To see the full peer comparison of S. M. Gold Limited, buy the company report.

Auditor

S. M. Gold Limited is audited by BHAGAT & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
BHAGAT & CO.FY 2023127250W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 33.90%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 66.10%.

Promoters: 33.90%Retail & Others: 66.10%
Sep 2026
QUARTER
33.90% Promoters
66.10% Retail & Others
Promoter holding - history
Now 33.90% · Sep 2026High 33.90% · Dec 2025Low 33.90% · Dec 2025
32%32.8%33.5%34.3%35%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 33.90%Mar 2026: 33.90%Jun 2026: 33.90%Sep 2026: 33.90%33.90%33.90%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters33.90%33.90%33.90%33.90%
Public66.10%66.10%66.10%66.10%

Charges & borrowings

Open charges
₹21.81 Cr
Satisfied charges
₹1.23 Cr
Breakdown by lending institutions
Yes Bank Limited₹15.00 Cr
Axis Bank Limited₹6.81 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
21 Aug 2026101397244Yes Bank Limited₹15 CrOpen
06 Dec 2019100311447Axis Bank Limited₹6.81 CrOpen
02 Jan 2019100226576Yes Bank Limited₹1.23 CrSatisfied

To see the full charge records of S. M. Gold Limited, buy the company report.

Total charge records: 3 View all charges

Deals & funding

S. M. Gold Limited has 68 deals on record (67 market trades, 1 ipo); the latest was in May 2026.

Total deals
68
Market trades
67
IPO
1

Deals on record (5 of 68)

WhenDealAmountParties
Jan 2026Market trade₹28.2 LakhBuyer: NK Securities Research Private Limited , an individual
Seller: NK Securities Research Private Limited , an individual
Sep 2024Market trade₹2.2 CrBuyer: NK Securities Research Private Limited , Jai Vinayak Securities, 2 individuals
Seller: NK Securities Research Private Limited , Jai Vinayak Securities, Secure Shanti Advisory LLP , an individual
Sep 2024Market trade₹18.6 LakhSeller: Kalpana Madhani Securities Private Limited
Sep 2024Market trade₹78 LakhBuyer: NK Securities Research Private Limited , Kalpana Madhani Securities Private Limited , 2 individuals
Seller: NK Securities Research Private Limited , 2 individuals
Oct 2023Market trade₹17.3 LakhBuyer: BP Equities Private Limited
Seller: BP Equities Private Limited

To see the full deal history of S. M. Gold Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for S. M. Gold Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

S. M. Gold has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAZCS0013P1ZXGujaratActive04 Aug 2017

To see the full GST registrations and return filing status of S. M. Gold Limited, buy the company report.

Recent activity

S. M. Gold Limited has 14 board changes on record since 2017: 10 appointments and 4 cessations. The latest: Jagdishkumar Jivatlal Loladiya was appointed as Director on 06 Sep 2022.

Charges
A charge with Yes Bank Limited amounted to Rs. 15.00 Cr with Charge ID 101397244 was registered on 21 Aug 2026.
Filing
S. M. Gold Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
S. M. Gold Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
A charge with Axis Bank Limited of Rs. 6.81 Cr registered on 06 Dec 2019 with Charge ID 100311447 was modified on 21 Mar 2023.
Appointed
Jagdishkumar Jivatlal Loladiya was appointed as Director.
Appointed
Ganpatbhai Babubhai Nayi was appointed as Director.
Appointed
Girishchandra Madhavlal Patel was appointed as Director.
Ceased
Nilesh Babulal Salla ceased to be Director.
Charges
A charge registered on 02 Jan 2019 via Charge ID 100226576 with Yes Bank Limited was fully satisfied on 27 Aug 2020.
Charges
A charge with Yes Bank Limited of Rs. 1.23 Cr registered on 02 Jan 2019 with Charge ID 100226576 was modified on 19 Feb 2020.
Charges
A charge with Axis Bank Limited amounted to Rs. 6.81 Cr with Charge ID 100311447 was registered on 06 Dec 2019.
Ceased
Noopur Jain ceased to be Company Secretary.

11 earlier events are in the company report.

Frequently asked questions

S. M. Gold is an active public limited company based in Ahmedabad, Gujarat, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 26 July 2017 (9+ years old) and is registered under CIN L74999GJ2017PLC098438. Listed on BSE: 542034.

S. M. Gold reported revenue of ₹156.06 Cr for FY 2025-26 (up 77.8% YoY) based on standalone financials.

S. M. Gold has 6 current directors:

The latest financial statements of S. M. Gold on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2018 are in the company report.

The GSTIN of S. M. Gold is 24AAZCS0013P1ZX, registered in Gujarat.

The CIN (Corporate Identification Number) of S. M. Gold is L74999GJ2017PLC098438. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. S. M. Gold is a listed company as per MCA records. Its shares are listed on BSE (code: 542034).

S. M. Gold was incorporated on 26 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.

S. M. Gold has 68 deals on record (67 market trades, 1 ipo); the latest was in May 2026.

The peers of S. M. Gold by revenue are Brindavan Enterprises Private Limited, Cheyyar Sri Kumaran Private Limited, Fine Colour Gems Private Limited, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (wholesale trading).

Jagdishkumar Jivatlal Loladiya was appointed as Director on 06 Sep 2022. Ganpatbhai Babubhai Nayi was appointed as Director on 11 Jan 2021. Girishchandra Madhavlal Patel was appointed as Director on 11 Jan 2021. S. M. Gold has 14 board changes on record in total.