Shankesh Jewellers Share Price & Stock Analysis

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What is the Shankesh Jewellers share price today? Shankesh Jewellers is currently listed and trading. Check our charts for the latest listing performance.

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

Key Stock Information

ViewIPO AI Analysis Score

The Shankesh Jewellers Stock scored 58/100 (High Risk) in our deep analysis.

Frequently Asked Questions

What is the business model of Shankesh Jewellers Ltd?

Shankesh Jewellers follows an asset-light business model. Instead of manufacturing jewellery in-house, it outsources production of 22-karat and 18-karat hand-crafted gold jewellery to third-party job workers and karigars, focusing internally on designing, material sourcing, customisation, and client delivery.

What are the key dates for the Shankesh Jewellers IPO?

The Shankesh Jewellers IPO opens on August 18, 2026, and closes on August 20, 2026. The allotment date is August 21, 2026, and the tentative listing date is August 25, 2026.

What is the price band and minimum investment for Shankesh Jewellers IPO?

The price band for the IPO is ₹88 to ₹93 per share, with a minimum lot size of 160 shares requiring an investment of ₹14,080 at the upper price band.

How will Shankesh Jewellers utilise the IPO proceeds?

The net proceeds from the fresh issue will be used to prepay/repay certain borrowings (₹158 crore), fund working capital requirements (₹38 crore), and for general corporate purposes.

Who are the major corporate clients of Shankesh Jewellers?

The company maintains supply relationships with prominent corporate jewellery retailers including Joyalukkas India Limited, P. N. Gadgil & Sons Limited, and Kalyan Jewellers India Limited.

What are the major financial risks associated with Shankesh Jewellers?

Key risks include high supplier concentration (top 5 suppliers represented 88.43% of purchases in FY26), increasing product returns (₹117.76 crore in FY26), negative operating cash flows in FY25, and reliance on non-contracted third-party karigars.

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Shankesh JewellersNSE / BSE:

Analyzed by ViewIPO Financial Research Team
Gems & JewelleryIndiaFiled 2026-08-18Listed 2026-08-25Size ₹366.86Cr
Lot Size 160
Listing Price ₹95.75
Listing Return
₹2.75 (+2.96%)
Live Subscription
2.8x Total
Check Allotment
Status Link

Is Shankesh Jewellers a Good Stock? Quick Verdict

Shankesh Jewellers IPO scored 58/100 (High Risk) in our deep analysis. The strongest pillar is Financial at 70/100, while Valuation is the primary concern at 50/100. Shankesh Jewellers shows strong top-line and bottom-line growth via an asset-light model, but carries significant supplier, customer, and geographic concentration risks alongside rising product returns.

Stock Score
58/100
High Risk

Quick Verdict

Asset-light business model with zero in-house manufacturing capex requirements.
Strong revenue growth reaching ₹1,630.79 crore in FY26 with net profit exceeding ₹106 crore.
Extreme supplier concentration with top 5 suppliers accounting for 88.43% of total purchases in FY26.
Rising product return rates, reaching ₹117.76 crore (7.22% of revenue) in FY26.

Company Snapshot

Revenue (TTM)
₹1630.79Cr↑ 16.17% YoY
Profitability
PositiveNet Income ₹106.68Cr
Gross Margin
— 
Market Cap
—Pending Data
Issue Size
₹366.86Cr 
Industry
Gems & Jewellery 
P/E Ratio
—Pending Data

Risk Breakdown

Governance
60
Moderate
Financial
70
Moderate
Valuation
50
Expensive
Competition
50
Expensive
Dilution
60
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

Shankesh Jewellers Limited is an Indian hand-crafted gold jewellery company operating an asset-light business model by outsourcing manufacturing to specialised karigars. The company has demonstrated strong financial momentum, with annual revenue growing from ₹1,061.78 crore in FY24 to ₹1,630.79 crore in FY26, while net profit scaled from ₹12.82 crore to ₹106.68 crore. However, Shankesh Jewellers remains highly vulnerable to supply chain disruptions due to 88.43% supplier concentration, geographic reliance on five states, and escalating product returns.

Overall Verdict: Shankesh Jewellers shows strong top-line and bottom-line growth via an asset-light model, but carries significant supplier, customer, and geographic concentration risks alongside rising product returns.

Key Highlights

  • •Engaged in 22-karat and 18-karat hand-crafted gold jewellery, customisation, and job work services.
  • •Operates an asset-light model using third-party job workers and karigars based out of Mumbai.
  • •Supplies corporate clients including Joyalukkas India, P. N. Gadgil & Sons, and Kalyan Jewellers India.
  • •Revenue increased at a strong pace from ₹1,061.78 Cr in FY24 to ₹1,630.79 Cr in FY26.
  • •Net profit surged from ₹12.82 Cr in FY24 to ₹106.68 Cr in FY26.
  • •IPO proceeds will primarily be used to repay borrowings (₹158 Cr) and meet working capital requirements (₹38 Cr).

Financial Performance

Revenue (Annual)

↑ +16.2% YoY

INR in Crores

Net Income (Annual)

↑ +164.6% YoY

INR in Crores

Cash Flow vs Profit

↑ +100.0% YoY

INR in Crores

CF
NP

EBITDA vs PAT

EBITDA YoY

INR in Crores

EBITDA
PAT

Listing Timeline

IPO Opens2026-08-18
IPO Closes2026-08-20
Basis of Allotment2026-08-21
Refunds & Demat2026-08-22
Listing Date2026-08-25

Valuation Analysis

Issue Price₹93
Estimated Fair Value
Pending Data
Valuation Premium
Pending
vs Fair Value

Stock DNA

Growth
60
Governance
60
Profitability
70
Valuation
50
Competition
50
Execution
60

Pros vs Cons

Pros

  • Consistent growth in annual revenue from ₹1,061.78 crore in FY24 to ₹1,630.79 crore in FY26.
  • Multi-fold increase in net profitability from ₹12.82 crore in FY24 to ₹106.68 crore in FY26.
  • Asset-light operational model limiting heavy capital expenditure on manufacturing infrastructure.
  • Established relationships with major corporate jewellery brands such as Joyalukkas, Kalyan Jewellers, and P. N. Gadgil & Sons.

Cons

  • Heavy dependence on top 5 suppliers representing 88.43% of total purchases in FY26 without long-term contracts.
  • Geographic concentration with 67.84% of FY26 revenue derived from five Indian states.
  • Growing volume of product returns, reaching ₹117.76 crore (7.22% of revenue) in FY26.
  • Recorded negative cash flow from operating activities of ₹23.10 crore in FY25 due to working capital expansion.

Financial Health

Revenue Growth
Revenue grew from ₹1,061.78 Cr (FY24) to ₹1,630.79 Cr (FY26) (Excellent)
Debt Level
Outstanding borrowings of ₹167.30 Cr as of March 31, 2026 (Moderate)
Cash & Equivalents
Negative operating cash flow of ₹23.10 Cr in FY25 (Weak)

Institutional Signals

Anchor Investors
Undisclosed
VC Backing Tier
None disclosed
Strategic Partners
Tier 1 (Key client relationships with Joyalukkas, Kalyan Jewellers, P. N. Gadgil & Sons)

Shankesh Jewellers 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.

Shankesh Jewellers Stock — Frequently Asked Questions

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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)
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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.

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