Shares of this small-cap jewellery company which is in the business of a jewelry retail player in the regions of Eastern India based on the store number, hit 5 percent upper circuit after promoters plan to increase stake & guided 20 percent growth in FY26.
Price Variation
In Tuesday’s session, Senco Gold Limited‘s share price jumped 5.00 percent to a day’s high of Rs. 249.30 per share. The stock has stayed in the upper circuit limit price of Rs. 249.30 which is 5 percent higher than the previous closing price of Rs. 237.45 per share.
It has delivered a negative return of around 34 percent in the past year compared to the Nifty Index, which Senco Gold has underperformed.
What happened
The company’s stock was in focus after Suvankar Sen, the Managing Director and Chief Executive Officer of Senco Gold in an interview said that the company’s promoters bought a stake worth ~Rs. 4 crores yesterday & will buy more today.
They expect to return to its EBITDA margin of 7 to 8 percent in Q4. They have seen an increase in Diamond Sales. Senco Gold expects 20 percent growth in FY25 and expects FY26 to be the same.
Financial Performance
Looking at the company’s financials, Senco Gold reported a revenue of Rs. 2,103 crore for Q3FY25, marking a 27.30 percent increase from Rs. 1,652 crore in the same quarter last year. However, Profit After Tax (PAT) declined by 69.72 percent to Rs. 33 crore, up from Rs. 109 crore in the previous year’s quarter.
Revenue Segment & Store Reach
The company recognizes its revenue from operations from the Jewellery Business as per the December 2024 quarter. Senco Gold has around 171 stores as of 31st December 2024, out of which 101 stores are owned and 70 stores are franchised.
Company Profile
Senco Gold Limited, founded in 1994 and headquartered in Kolkata, is a leading Indian jewellery retailer specializing in gold, diamond, and platinum jewellery. With stores and a strong online presence, it caters to diverse markets in India and abroad. The company went public in 2023, raising Rs. 405 crores through its Initial Public Offer (IPO).
Written by – Santhosh S
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