Lalithaa Jewellery Mart Share Price & Stock Analysis

Quick Answers

What is the Lalithaa Jewellery Mart share price today? Lalithaa Jewellery Mart is currently listed and trading. Check our charts for the latest listing performance.

Is Lalithaa Jewellery Mart a good stock to buy? Review our AI forensic scores and fundamental analysis for Lalithaa Jewellery Mart to understand the underlying financial health.

Key Stock Information

ViewIPO AI Analysis Score

The Lalithaa Jewellery Mart Stock scored 59/100 (High Risk) in our deep analysis.

Frequently Asked Questions

What is the primary business of Lalithaa Jewellery Mart Ltd?

Lalithaa Jewellery Mart Ltd is a jewellery retailer operating under the “Lalithaa” brand, primarily selling gold, silver, and diamond jewellery along with silverware, with gold jewellery constituting over 90% of its revenue.

How many stores does the company operate and where are they located?

As of March 31, 2026, the company operated 61 stores across 51 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and Puducherry, with 45 stores located in Tier II and Tier III cities.

What were the company’s revenue and profit after tax for FY26?

In FY26, Lalithaa Jewellery Mart reported revenue from operations of ₹25,023.93 crore and profit after tax of ₹1,009.82 crore.

What is the company’s dependence on gold jewellery and why is it a risk?

Gold jewellery contributed 93.96% of revenue in FY24, 94.58% in FY25, and 92.33% in FY26. This high dependence makes the company vulnerable to fluctuations in gold prices, import duties, supply constraints, and changes in consumer demand.

What are the key risks related to the company’s cash flow?

The company recorded negative cash flow from operating activities of ₹18 crore in FY24 and ₹397.76 crore in FY26, primarily due to lower customer enrolment in jewellery schemes, increased working capital requirements, and inventory build‑up amid volatile gold prices.

Does the company have any related‑party transactions?

Yes, the company purchased diamond jewellery from AK Exports, a sole proprietorship of its promoter M. Kiran Kumar Jain, amounting to ₹364.55 crore (FY24), ₹350.67 crore (FY25), and ₹367.81 crore (FY26). It also paid ₹50.28 crore as brand ambassador fees to the promoter in FY24 (agreement terminated April 1, 2024).

What is the extent of supplier concentration for raw materials?

The top three suppliers accounted for 66.98% of total raw material costs in FY24, 67.20% in FY25, and 58.03% in FY26, indicating significant supplier concentration risk.

Are there any ongoing tax litigations or contingent liabilities?

The company faced a search and seizure by the Income Tax Department in September 2014, leading to tax proceedings for assessment years 2012‑13, 2013‑14, and 2015‑16, which were disposed of by the Madras High Court in November 2025. It also had contingent liabilities of ₹56.03 crore as of March 31, 2026, mainly comprising disputed GST demands.

View IPO
View IPO
Home›India›Lalithaa Jewellery Mart ()
Lalithaa Jewellery Mart Logo

Lalithaa Jewellery MartNSE / BSE:

Analyzed by ViewIPO Financial Research Team
Jewellery RetailIndiaFiled 2026-08-17Listed 2026-08-24Size ₹1699.84Cr
Lot Size 74
Listing Price ₹275
Listing Return
₹74.01 (+36.82%)
Live Subscription
66.63x Total
Check Allotment
Status Link

Is Lalithaa Jewellery Mart a Good Stock? Quick Verdict

Lalithaa Jewellery Mart IPO scored 59/100 (High Risk) in our deep analysis. The strongest pillar is Financial at 65/100, while Valuation is the primary concern at 50/100. Lalithaa Jewellery Mart shows strong store expansion and revenue growth but faces significant risks from gold price dependence, negative operating cash flows, and related-party transactions, leading to a mixed investment outlook.

Stock Score
59/100
High Risk

Quick Verdict

Strong store network expansion across South India, reaching 61 stores in FY26.
Asset-light model with backward integration via owned manufacturing facilities.
Over 90% revenue reliance on gold jewellery exposes to price and regulatory risks.
Negative operating cash flow in FY24 (₹18 crore) and FY26 (₹398 crore) indicates working capital pressure.
Material related-party transactions with promoter-owned entities.

Company Snapshot

Revenue (TTM)
₹25023.93Cr↑ 48.09% YoY
Profitability
PositiveNet Income ₹1009.82Cr
Gross Margin
— 
Market Cap
—Pending Data
Issue Size
₹1699.84Cr 
Industry
Jewellery Retail 
P/E Ratio
—Pending Data

Risk Breakdown

Governance
65
Moderate
Financial
65
Moderate
Valuation
50
Expensive
Competition
55
Expensive
Dilution
60
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

Lalithaa Jewellery Mart Ltd is a southern India-focused jewellery retailer operating over 60 stores under the Lalithaa brand, with a strong presence in Tier II and Tier III cities. The company reported revenue growth from ₹16,788 crore in FY24 to ₹25,024 crore in FY26, driven by an asset-light retail model and backward integration via owned manufacturing facilities. However, over 90% of its revenue comes from gold jewellery, making it vulnerable to gold price fluctuations, and it experienced negative operating cash flow in FY24 and FY26 due to working capital pressures. The IPO seeks to raise ₹17,000 crore for growth, while investors should monitor related-party transactions and supplier concentration risks.

Overall Verdict: Lalithaa Jewellery Mart shows strong store expansion and revenue growth but faces significant risks from gold price dependence, negative operating cash flows, and related-party transactions, leading to a mixed investment outlook.

Key Highlights

  • •Operates 61 stores across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and Puducherry as of FY26.
  • •Revenue grew from ₹16,788 crore in FY24 to ₹25,024 crore in FY26.
  • •Significant penetration in Tier II and Tier III cities, contributing ~60% of revenue in FY26.
  • •Asset-light retail model: owns only 3 of 61 stores, rest on leave-and-license basis.
  • •Backward integration through two manufacturing facilities in Tamil Nadu with 816 karigars.
  • •Operating revenue per store highest among key organised jewellery players per CRISIL report.
  • •Customer advance base grew to 20.15% of revenue in FY26 via jewellery purchase schemes.

Financial Performance

Revenue (Annual)

↑ +48.1% YoY

INR in Crores

Net Income (Annual)

↑ +176.9% YoY

INR in Crores

Cash Flow vs Profit

Cash Flow YoY

INR in Crores

CF
NP

EBITDA vs PAT

EBITDA YoY

INR in Crores

EBITDA
PAT

Listing Timeline

IPO Opens2026-08-17
IPO Closes2026-08-19
Basis of Allotment2026-08-20
Refunds & Demat2026-08-21
Listing Date2026-08-24

Valuation Analysis

Issue Price₹201
Estimated Fair Value
Pending Data
Valuation Premium
Pending
vs Fair Value

Stock DNA

Growth
60
Governance
65
Profitability
65
Valuation
50
Competition
55
Execution
60

Pros vs Cons

Pros

  • Strong geographic presence with 61 stores across South India, expanding store network.
  • Significant revenue growth, reaching ₹25,023.93 crore in FY26.
  • Asset-light retail model with backward integration via owned manufacturing facilities.
  • Highest operating revenue per store among key organised jewellery players (CRISIL).
  • Robust customer advance base providing working capital, reaching 20.15% of revenue in FY26.

Cons

  • Over 90% revenue reliance on gold jewellery, exposing to gold price, duty, supply, and demand risks.
  • Negative operating cash flow in FY24 (₹18 crore) and FY26 (₹398 crore) indicates working capital pressure.
  • Material related-party transactions with promoter-owned entity AK Exports and brand ambassador fees.
  • High supplier concentration: top three suppliers account for 58‑67% of raw material costs.
  • Ongoing tax litigation from past IT search and seizure and contingent liabilities of ₹56.03 crore (disputed GST).

Financial Health

Revenue Growth
Revenue grew 0.65% YoY in FY25 and 48.09% YoY in FY26 (Excellent)
Debt Level
Total outstanding borrowings of ₹1,238.10 crore as of June 30, 2026 (Moderate)
Cash & Equivalents
Cash balance not disclosed in the prospectus (Moderate)

Institutional Signals

Anchor Investors
Undisclosed

Lalithaa Jewellery Mart IPO Reddit Pulse & Sentiment

Real-time Reddit discussions & retail sentiment

No Public Data Available

We couldn't find any significant public discussions or retail sentiment threads for this IPO at the moment.

Disclaimer: These are raw community discussions aggregated from public forums. The AI summary and Reddit comments do not constitute financial advice. Always conduct your own independent research.

Lalithaa Jewellery Mart Stock — Frequently Asked Questions

Related Stock Reports

Omara Ventures

Omara Ventures

OMARA
62/100
View Report
Eventions

Eventions

EVENTIONS
65/100
View Report
Sollfege Smart Electronics

Sollfege Smart Electronics

SOLLF
59/100
View Report
Dove Soft

Dove Soft

DSL
59/100
View Report
Paramount Syntex

Paramount Syntex

PARASYNTEX
57/100
View Report
View All Active & Upcoming Stocks & IPOs View Stock & IPO Calendar

Market Terminology Explained

Confused by terms like GMP, Kostak, or Subject to Sauda? Read our detailed guides in the IPO Glossary to understand the terminology before you invest.

Grey Market Premium (GMP)Subject to SaudaASBAOffer for Sale (OFS)
View Full Glossary

Source Citation: All financial data and risk metrics are derived from the official prospectus filed with the regulator (SEBI DRHP/RHP). ViewIPO algorithms process this public data for informational purposes. Not financial advice.

Want to analyze another stock or IPO?

Search any stock, IPO, company, ticker or filing and get instant AI-powered analysis.

Frequently Asked Questions about Lalithaa Jewellery Mart

What is the expected listing price of Lalithaa Jewellery Mart?

The expected listing price depends on the live Grey Market Premium. Check the live GMP and expected listing price for Lalithaa Jewellery Mart on our Live GMP Tracker.