Shoora DesignsShare price, financial results, shareholding and management
- Market cap
- ₹47 cr
- Stock P/E
- 1176.8peers 34.0
- Book value
- ₹43.3
- Price to book
- 2.35
- EV / operating profit
- -
- Market cap to sales
- 4.00
- ROCE · FY26
- 0.2%
- ROE · FY26
- 0.2%
- ROE, 3-year average
- -0.3%
- Operating margin · FY26
- 0.1%peers 2.3%
- Sales growth, 3 years
- 77.4%
- Profit growth, 3 years
- -28.6%
- Debt to equity
- 0.04peers 0.34
- Borrowings
- ₹0.7 cr
- Interest cover
- No interest
- Cash from business / op. profit
- -14900%
- Debtor days
- 24
- Pledged
- 0.00%
- Promoter holding
- 26.01%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 118
- 52-week high / low
- ₹102 / ₹34
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Shoora Designs share price chart
Close on 28 Oct 2026 · +4.99% on the day · Vol 10,500
Daily prices to 28 Oct 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 28 Oct 2026
- 1 month
- +23.1%
- 3 months
- +24.2%
- 6 months
- +107.8%
- 1 year
- +99.2%
- Traded a day, 20 days
- ₹0.04 cr
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +142% | -33% |
| 3 years, a year | +77% | -29% |
| Latest half, H2 FY26 | +291% | -93% |
About Shoora Designs: business, products and customers
Shoora Designs is a small Surat company that trades in polished diamonds and has rough diamonds cut and polished by outside workers, selling to diamond wholesalers and jewellery makers in Surat and Mumbai. Its shares trade on BSE SME.
Shoora Designs was set up in 2021 for clothing and switched to diamonds and jewellery the next year. It purchases rough diamonds from local suppliers in Surat, sorts and plans them in its office, and hands them to local job workers for cleaving, laser cutting and polishing; the polished stones are then sold to wholesalers, jewellery makers and retailers, offline and through its own website.
Most of what it sells today is bought ready and sold on: trading made up the large majority of sales in the year to March 2026, with goods it had processed itself and a small export business making up the rest. Trading on thin spreads is why profit is a tiny fraction of sales, and because cutting is outsourced the company owns almost no machinery.
Read more about the business
The money is tied up in stock. After raising fresh capital through promoter and public warrants in 2024 and 2025, the company put it mainly into diamonds held for sale, so its inventory is larger than a full year of sales; borrowings are small and come mostly as unsecured loans from the promoters.
The company works from a single leased office in Surat owned by a promoter and had nine employees when its offer document was filed. The documents name no rival companies; the offer document says only that it competes with organised and unorganised players.
From the offer document (Prospectus, 2023) and the annual reports for FY25 and FY26.
Read the deeper study ↓In its favour
- Sales have grown very fast: 77% a year over three years.
- It has little debt for its size: debt to equity 0.04.
To watch
- Results for the half year to September 2026, and whether the large diamond stock starts turning into sales (Annual report FY26, p.56).
- Shareholder approval of TGB and Associates as statutory auditor after the earlier auditor resigned (Annual report FY26, p.6 and p.23).
- Unsecured loans from the promoters, taken and partly repaid during FY26 (Annual report FY26, p.75 to 76).
- Customers take longer to pay than before: 24 days in FY26, against 0 in FY22.
- The promoters' share has come down: 26.01%, from 71.77%.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Shoora Designs revenue and profit growth
Half-yearly results · Profit and lossSales have grown very fast. Last year profit fell even as sales rose, so the company kept less from each rupee of sales.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.
Shoora Designs half-yearly results
SME companies report every six months · ₹ crore
| H1FY24 | H2FY24 | H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|---|---|
| Sales | 0.83 | 0.83 | 2.33 | 2.53 | 1.90 | 9.88 |
| Expenses | 0.76 | 0.76 | 2.64 | 2.19 | 1.85 | 9.91 |
| Operating profit | 0.07 | 0.07 | -0.31 | 0.34 | 0.05 | -0.03 |
| OPM | 8.4% | 8.4% | -13.3% | 13.5% | 2.5% | -0.3% |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.03 | 0.02 | 0.02 |
| Profit before tax | 0.06 | 0.06 | -0.29 | 0.32 | 0.03 | 0.02 |
| Net profit | 0.05 | 0.05 | -0.22 | 0.28 | 0.02 | 0.02 |
Shoora Designs profit and loss
Full years to March, FY22 to FY26 · ₹ crore, consolidated where reported
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Sales | 0.16 | 2.11 | 4.44 | 4.86 | 11.78 |
| Expenses | 0.11 | 1.95 | 4.41 | 4.83 | 11.76 |
| Operating profit | 0.05 | 0.16 | 0.03 | 0.04 | 0.02 |
| OPM | 31.3% | 7.6% | 0.7% | 0.7% | 0.1% |
| Other income | 0 | 0 | 0 | 0.04 | 0.07 |
| Interest | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0.01 | 0.01 | 0.04 | 0.04 |
| Profit before tax | 0.05 | 0.15 | 0.01 | 0.03 | 0.04 |
| Tax rate | 20.0% | 26.7% | 427.3% | -90.3% | 18.2% |
| Net profit | 0.04 | 0.11 | -0.04 | 0.06 | 0.04 |
| EPS ₹ | 40 | 1.02 | -0.27 | 0.36 | 0.08 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
A tax rate above 60% or below zero (FY24, FY25) comes from tax charged on a small or negative profit, as reported.
Earnings per share before FY23 is on the share count of that time, before later bonus or share issues, so it does not compare with the years after.
Shoora Designs profitability
Margins and returns on capitalLast year the company kept about as much from each rupee of sales as the year before. It earns a low return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Operating margin | 31.3% | 7.6% | 0.7% | 0.7% | 0.1% |
| Tax rate | 20.0% | 26.7% | 427.3% | -90.3% | 18.2% |
| ROCE | · | 18.3% | 0.4% | 0.2% | 0.2% |
| ROE | · | 13.4% | -1.6% | 0.5% | 0.2% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Shoora Designs debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown. It has almost no borrowings. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and drew on its cash. Customers pay faster than they did in FY24, which frees up the company's money.
Bars below the line are cash going out.
Shoora Designs balance sheet
At each 31 March · ₹ crore
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Equity capital | 0.01 | 1.08 | 1.50 | 4.62 | 4.62 |
| Reserves | 0.04 | 0.51 | 1.88 | 15.38 | 15.42 |
| Net worth | 0.05 | 1.59 | 3.38 | 20 | 20.04 |
| Borrowings | 0 | 0 | 0 | 0.96 | 0.71 |
| Other liabilities | 0.11 | 0.10 | 0.11 | 0.14 | 0.33 |
| Total liabilities | 0.16 | 1.69 | 3.49 | 21.10 | 21.08 |
| Fixed assets | 0 | 0.03 | 0.04 | 0.21 | 0.18 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other assets | 0.16 | 1.66 | 3.45 | 20.89 | 20.90 |
Shoora Designs cash flow
₹ crore
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash from operations | 0.14 | -1.38 | -1.93 | -13.71 | -2.98 |
| Cash from investing | -0.01 | -0.04 | -0.03 | -0.20 | -0.01 |
| Cash from financing | 0 | 1.43 | 2.03 | 17.53 | -0.25 |
| Net cash flow | 0.13 | 0.01 | 0.07 | 3.62 | -3.24 |
Working capital
Days
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Debtor days | 0 | 138 | 136 | 93 | 24 |
| Inventory days | 0 | 142 | 131 | 1,319 | 614 |
| Days payable | · | 7 | 2 | 9 | 6 |
| Cash conversion cycle | 0 | 274 | 264 | 1,404 | 632 |
| Working capital days | -228 | 242 | 256 | 1,198 | 597 |
Shoora Designs peers and competitors
Listed SME companies in the same industryBy sales, Shoora Designs is number 76 of the 79 listed SME companies in consumer durables.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Super Fine Knitters | 20 | 22.2 | 31 | 0.9 | 5.9% | 0.42 |
| Comrade Appliances | 23 | - | 30.1 | -9.5 | -10.2% | 2.89 |
| Riddhi Display Equipments | 23 | 5.4 | 29.1 | 4.3 | 26.5% | 0.28 |
| Shashwat Furnishing Solutions | 12 | - | 24 | -0.4 | -0.2% | 0.44 |
| Retina Paints | 52 | 81.0 | 23.7 | 0.6 | 11.8% | 0.53 |
| Bindal Exports | 13 | 45.7 | 22.5 | 0.3 | 2.3% | 0.00 |
| Magenta Lifecare | 5 | 46.8 | 14.4 | 0.1 | 2.3% | 0.40 |
| Shoora Designs | 47 | 1176.8 | 11.8 | 0 | 0.1% | 0.04 |
| Technopack Polymers | 15 | 12.0 | 8.5 | 1.2 | 36.0% | 0.13 |
| SK International Export | 13 | - | 0.2 | -0.3 | -1073.3% | 0.00 |
| Milestone Furniture | 25 | - | 0 | -0.5 | - | 0.02 |
| Median of the 10 others | 18 | 34 | 23.1 | 0.2 | 2.3% | 0.34 |
Shoora Designs shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own less than half the company, a little less than in the first filing shown. Big foreign and Indian funds own very little. The number of shareholders is about the same.
Shoora Designs shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Sep 23 | Mar 24 | Sep 24 | Mar 25 | Sep 25 | Dec 25 | Mar 26 | |
|---|---|---|---|---|---|---|---|
| Promoters | 71.77% | 71.77% | 71.77% | 26.01% | 26.01% | 26.01% | 26.01% |
| Foreign investors (FIIs) | 0.00% | 0.00% | 0.00% | 39.77% | 45.78% | 45.94% | - |
| Number of shareholders | 94 | 95 | 67 | 81 | 102 | 129 | 118 |
Shoora Designs study: the business from its own documents
Read from 4 of the company's own documentsShoora Designs key facts from the filings
Each figure with the document it comes from
- FY26 sales
- ₹11.8 cr
- Up from ₹4.9 cr in FY25; profit after tax was ₹0.04 cr, a net margin of 0.31%.Annual report FY26, p.21 and p.40
- Trading share
- ₹10.2 cr
- Domestic trading sales in FY26, against ₹1.1 cr of goods processed in house and ₹0.48 cr of exports.Annual report FY26, p.70
- Stock held
- ₹19.0 cr
- Inventories at March 2026, more than a year of sales and nine tenths of the balance sheet.Annual report FY26, p.56
- Warrant money
- ₹16.6 cr
- 31,25,000 warrants at ₹53 each to promoter and public investors, issued September 2024 and converted to shares in March 2025.Annual report FY25, p.23 and p.37; our arithmetic
- IPO
- ₹2.0 cr
- Fresh issue of 4,23,000 shares at ₹48, mainly for working capital.Offer document, p.1 and p.70
Show 5 more facts
- Promoter holding
- 26.01%
- At March 2026, down from 71.77% after the IPO, as the warrant shares widened the public holding.Shareholding patterns, September 2023 and March 2026
- Outsourced cutting
- Job workers
- Cleaving, laser cutting and polishing are done by local job workers with no written agreements.Offer document, p.28 and p.91
- Promoter loans
- ₹0.94 cr
- Unsecured loans taken from the two executive promoters in FY26, of which ₹0.25 cr was repaid in the year.Annual report FY26, p.75 to 76
- Office
- Leased from promoter
- The single Surat office is owned by Rajeshbhai Labhubhai Mer and leased to the company.Offer document, p.95
- Auditor change
- Casual vacancy
- Piyush Kothari & Associates resigned as statutory auditor; TGB and Associates was proposed in its place at the September 2026 meeting.Annual report FY26, p.6 and p.23
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Shoora Designs earns a thin margin trading and processing diamonds, with almost no machinery of its own.
Its weak spots are a very large stock of diamonds against its sales, profit close to nothing, and a business run largely by its promoters.
WatchCan it set its own prices?Polished diamonds are close to a commodity and rates are settled by negotiation on each sale, so there is little room to set prices.
WatchHow strong is it against rivals?It is a very small trader in a crowded Surat market and says its processes are driven by the promoters.
AverageWho are its customers?Diamond wholesalers and jewellery makers, mostly in Surat and Mumbai, who usually pay on delivery.
WatchDoes it need a lot of money?Yes. Nearly all of its capital sits in diamonds held for sale, and the company itself calls the business working capital intensive.
AverageCan it keep finding new work?Sales more than doubled in the latest year, but almost all of the rise came from trading rather than its own processing.
WatchDo good and bad years swing a lot?Sales lean on festival and wedding seasons and on rough diamond prices, and the tiny margin leaves little cushion.
Who runs Shoora Designs?
Promoters, directors and officers; tap a name for the background
SKSatish K KansodariyaPromoter, Chairman and Managing Director
An undergraduate with more than a decade in the industry and experience in finance and jewellery, with the company since it was formed; Managing Director since January 2023.
Offer document, p.112 to 114; Annual report FY26, p.23RLRajeshbhai Labhubhai MerPromoter and Whole-Time Director
An undergraduate with more than ten years in gems and jewellery, described as experienced in diamond trading; handles day to day operations and marketing, and on the board since July 2022.
Offer document, p.93 and p.113SSSejalben Satish KansodariyaPromoter and Non-Executive Director
An undergraduate with several years in gems and jewellery, a director since July 2022; the offer document states a spousal relationship with Satish K Kansodariya.
Offer document, p.113PLParesh Labhubhai MerChief Financial Officer, in the promoter group
Signed the FY26 accounts as Chief Financial Officer and is listed among the promoter group related parties.
Annual report FY26, p.23, p.42 and p.75PMPriti MohataCompany Secretary and Compliance Officer
Holds a Bachelor of Commerce and qualified as a Company Secretary in 2016; with the company since January 2023.
Offer document, p.121JVJigneshbhai Valjibhai MerIndependent Director
An undergraduate with several years in gems and jewellery, independent director since January 2023 and chair of the audit committee.
Offer document, p.113 and p.118; Annual report FY26, p.25Shoora Designs latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹9.9 cr (+291%), net profit ₹0 cr (-93%) on H2 FY25.
- Shareholding, 31 March 2026: promoters unchanged at 26.01%.
Shoora Designs announcements
5 on record, latest first; each opens the filing on the exchange
- Company UpdateCertificate under Regulation 74(5) of the SEBI (Depositories And Participants) Regulations, 2018 for the Quarter ended September 30, 2026PDF ↗
- AGM/EGMVoting results of 5th AGM of the Company held on September 30, 2026 and Scrutinizer ReportPDF ↗
- Company UpdateThe members has approved the appointment of Statutory Auditor & Secretarial AuditorPDF ↗
- AGM/EGMSummary of the Proceedings of the 5th AGM of the company held on 30th September, 2026PDF ↗
- Insider Trading / SASTIntimation of closure of trading windowPDF ↗
Shoora Designs annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
Shoora Designs share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Shoora Designs' data · 9
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- !The two halves of FY24 as reported add up to sales of ₹1.66 cr, the full year to ₹4.44 cr; one of the filings may have been restated.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (46,23,662 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- !Earnings per share changes basis between FY22 (₹40.00) and FY23 (₹1.02) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY22 to FY26.
- iPrices run to the close on 7 Oct 2026, from the exchange's daily figures.
Questions people ask about Shoora Designs
What does Shoora Designs do?
Shoora Designs is a small Surat company that trades in polished diamonds and has rough diamonds cut and polished by outside workers, selling to diamond wholesalers and jewellery makers in Surat and Mumbai. Its shares trade on BSE SME.
What is the share price of Shoora Designs?
₹102 at the close on 28 Oct 2026, from the exchange's daily figures.
What is the market cap of Shoora Designs?
₹47 cr at the close on 28 Oct 2026, on 46,23,662 shares.
What is the P/E of Shoora Designs?
1176.8 times FY26 profit at the close on 28 Oct 2026 (our arithmetic).
What are Shoora Designs' revenue and profit?
Revenue ₹12 cr and profit after tax ₹0 cr in FY26.
Who are the promoters of Shoora Designs?
Satish K Kansodariya, Rajeshbhai Labhubhai Mer, Sejalben Satish Kansodariya, Paresh Labhubhai Mer; promoters held 26.01% at 31 March 2026.
What is Shoora Designs' website?
www.shooradesigns.com
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Built from 3 annual reports, 1 offer document, 5 exchange announcements, 7 shareholding patterns and 5 years of reported results. Every figure carries its source; where the documents are silent, the page says so.