The shares of a Microcap Jewellery company that is in the business of manufacturing and trading of Gold Ornaments and articles of various designs are in focus after the company secured an order from various Jewellery players, including Senco Gold, Kalyan Jewellers India Ltd and others.
Price Action
The shares of Ashapuri Gold Ornament Ltd, with a total market capitalization of Rs 219.99 Crore on Thursday, reached an intraday high at Rs 6.7 per share, gaining around 3 percent in the morning session today. As of 10:30 am, the shares retreated from their day’s high and were trading at Rs 6.58 per share, which was 1.08 percent higher than the previous closing of Rs 6.51.
What Happened
In its press release dated March 26, 2025, the company announced that it has secured an order for the supply of gold jewellery from various jewellery companies, including Senco Gold Ltd, Kalyan Jewellers India Ltd, C Krishniah Chetty & Sons, and others. The total value of the order is around Rs 21 Crores, and the order is to be executed within the next two months.
Previous Order
In January 2025, the company received an order for the supply of jewellery from major industry players like Malabar Gold Ltd, Titan Company Ltd, Senco Gold Ltd, C Krishniah Chetty & Sons, and Others, with a total order value of approximately Rs 48 crores.
Financials
The company has reported a 103 percent YoY jump in revenue from operations from Rs 49.97 Crore in Q3FY24 to Rs 101.45 Crore in Q3FY25. Similarly, their Net Profit has increased by 101 percent YoY from Rs 2.08 Crore to Rs 4.19 Crore over the same period.
About Ashapuri Gold Ornaments Ltd
Ashapuri Gold Ornament Ltd is a manufacturer and wholesaler of gold jewellery in India, primarily operating in the diamond cutting and jewellery industry. The company serves over 30 corporate clients, including prominent names such as Tanishq, Senco Gold, Kalyan Jewellers, Malabar Gold, and C Krishniah Chetty & Sons.
Written By Adhvaitha Nayani
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