---
title: "Goldkart Jewels Ltd (GOLDKART) — Share Price, Financials & Analysis"
symbol: "GOLDKART"
company: "Goldkart Jewels Ltd"
canonical: "https://tapetide.com/stocks/GOLDKART"
isin: "INE06MH01016"
nse_symbol: "GOLDKART"
sector: "Consumer Goods"
industry: "Jewellery & Watches"
market_cap_cr: 179.77
generated_at: "2026-09-13T18:45:09.683Z"
---

# Goldkart Jewels Ltd (GOLDKART)

Canonical page: https://tapetide.com/stocks/GOLDKART

## Company

- **NSE Symbol:** GOLDKART
- **ISIN:** INE06MH01016
- **Sector:** Consumer Goods
- **Industry:** Jewellery & Watches
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2019-10-15
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** sonahisona.com

## About

Incorporated in 2002, Goldkart Jewels Ltd is in the business of Gold and Silver ornaments[1]

## Latest Price

- **Price:** ₹107.1
- **Change:** +5.1 (+5%)
- **Open:** ₹107.1
- **Day High:** ₹107.1
- **Day Low:** ₹107.1
- **Previous Close:** ₹102
- **Volume:** 625
- **As Of:** 2026-09-11T04:22:36+00:00

## Key Fundamentals

Observed at 2026-09-11T04:40:41.560525Z.

- **Market Cap:** ₹179.77 Cr
- **Classification:** SME
- **P/E (reported):** 48.1
- **Book Value:** ₹32.28
- **Price to Book:** 3.16
- **Dividend Yield:** 0%
- **ROE:** 6.6%
- **ROCE:** 11.99%
- **Debt to Equity:** 0.59
- **Revenue (yearly):** ₹117.32 Cr
- **Net Income:** ₹3.55 Cr
- **EBITDA:** ₹6.99 Cr
- **52-Week High:** ₹285
- **52-Week Low:** ₹81.7
- **RSI (14):** 34.55

## Key Insights

### Strengths

- Company's working capital requirements have reduced from 103 days to 79.7 days

### Weaknesses

- Stock is trading at 3.32 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 6.29% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 105.52% | -30.35% | 399.11% |
| ebitda margin growth | -19.78% | 28.17% | 175.93% |
| net income growth | 7.58% | 125% | 94% |
| revenue growth | 42.38% | 26% | 13% |
| roce | 40.89% | -12.74% | 9.62% |
| roe | 142.65% | 5.3% | 1000% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 28 | 34 | 28 | 49 | 27 | 31 | 32 | 37 | 34 | 48 | 46 | 71 |
| Expenses | 28 | 33 | 27 | 49 | 26 | 30 | 30 | 35 | 31 | 45 | 42 | 69 |
| Operating Profit | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 5 | 2 |
| OPM % | 2.8 | 2.5 | 3.1 | 1.7 | 3.2 | 4.1 | 3.7 | 5 | 9 | 6 | 10 | 3.1 |
| Other Income | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 2 | 2 | 4 | 1 |
| Tax % | 25 | 30 | 22 | 50 | 12 | 25 | 22 | 27 | 22 | 34 | 22 | 27 |
| Net Profit | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 2 | 1 | 3 | 1 |
| EPS in Rs | 0.04 | 0.04 | 0.04 | 0.01 | 0.76 | 0.14 | 0.08 | 0.49 | 1.09 | 0.88 | 1.71 | 0.41 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 54 | 59 | 67 | 94 | 62 | 77 | 58 | 68 | 82 | 117 |
| Expenses | 54 | 57 | 65 | 93 | 61 | 75 | 56 | 65 | 76 | 110 |
| Operating Profit | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 6 | 7 |
| OPM % | 1.8 | 2.7 | 3.1 | 1.7 | 2.6 | 2.2 | 3.7 | 4.7 | 7 | 6 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Interest | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 5 | 5 |
| Tax % | 33 | 42 | 28 | 50 | 28 | 31 | 14 | 27 | 28 | 23 |
| Net Profit | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 3 | 4 |
| EPS in Rs | 0.75 | 0.26 | 0.51 | 0.05 | 0.08 | 0.05 | 0.9 | 0.58 | 1.98 | 2.11 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.8 | 7 | 7 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 4 | 2 | 3 | 4 | 5 | 5 | 6 | 19 | 33 | 37 |
| Borrowings | 8 | 13 | 12 | 12 | 14 | 16 | 14 | 14 | 14 | 32 |
| Other Liabilities | 0 | 0 | 0 | 0 | 2 | 5 | 0 | 0 | 1 | 1 |
| Total Liabilities | 12 | 22 | 22 | 33 | 37 | 42 | 37 | 51 | 65 | 88 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 13 | 24 | 24 |
| Other Assets | 12 | 22 | 22 | 33 | 37 | 42 | 36 | 37 | 40 | 62 |
| Total Assets | 12 | 22 | 22 | 33 | 37 | 42 | 37 | 51 | 65 | 88 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | -9 | 2 | -9 | -1 | 0 | 5 | 2 | 3 | -14 |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | -1 | 0 |
| Cash from Financing Activity | -1 | 9 | -2 | 9 | 1 | 0 | -4 | -1 | -2 | 16 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Free Cash Flow | 1 | -9 | 2 | -9 | -1 | 0 | 4 | 2 | 3 | -14 |
| CFO/OP | 112 | -533 | 104 | -564 | -67 | 11 | 236 | 62 | 76 | -185 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 36 | 38 | 70 | 111 | 119 | 123 | 41 | 28 | 42 |
| Inventory Days | 81 | 102 | 84 | 57 | 108 | 81 | 103 | 164 | 147 | 149 |
| Days Payable | 0 | 0 | 0 | 0 | 10 | 24 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 81 | 138 | 121 | 127 | 208 | 176 | 226 | 204 | 174 | 191 |
| Working Capital Days | 36 | 56 | 52 | 81 | 129 | 111 | 149 | 121 | 110 | 80 |
| ROCE % | 8 | 9 | 9 | 6 | 5 | 4 | 6 | 7 | 11 | 9 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.19% | 73.19% | 73.19% | 69.32% | 74.14% | 74.14% | 74.14% | 74.14% | 74.14% | 74.14% | 74.14% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 25.5% | 24.9% | 24.96% | 29.25% | 23.3% | 23.15% | 23.15% | 23.39% | 23.25% | 24.06% | 24.02% |
| Others | 1.31% | 1.91% | 1.85% | 1.43% | 2.56% | 2.71% | 2.71% | 2.46% | 2.61% | 1.8% | 1.84% |
| No. of Shareholders | 45 | 46 | 49 | 58 | 59 | 61 | 65 | 106 | 102 | 125 | 517 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 4 / 9

### Moving Averages — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 92.31 | Buy |
| EMA (10) | 98.22 | Buy |
| SMA (20) | 99.16 | Buy |
| EMA (20) | 107.59 | Sell |
| SMA (50) | 150.05 | Sell |
| EMA (50) | 143.48 | Sell |
| SMA (100) | 196.41 | Sell |
| EMA (100) | 166.46 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.86 | Neutral |
| MACD (12,26,9) | -16.55 | Buy |
| Stochastic (14,3,3) | 90.37 | Sell |
| ADX (14) | 36.08 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 5.91 | High Volatility |
| ROC (12) | 12.74 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 75.74 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 6 October 2025 - Trading window closed from Oct 01, 2025 until 48 hours after H1 (30 Sep 2025) unaudited results declaration. | [Trading Window 6 October 2025 - Trading window closed from Oct 01, 2025 until 48 hours after H1 (30 Sep 2025) unaudited results declaration.](https://nsearchives.nseindia.com/corporate/SONAHISONA_06102025182712_Trading_window_closure.pdf) |
| 4 Sep - Newspaper advertisement for 17th AGM notice and e-voting information published on 4 September 2026. | [Copy of Newspaper Publication 4 Sep - Newspaper advertisement for 17th AGM notice and e-voting information published on 4 September 2026.](https://nsearchives.nseindia.com/corporate/SONAHISONA_04092026134419_Copy_Newspaper_Advertisement.pdf) |
| 31 October 2025 - Unaudited standalone H1 FY2026 results approved: revenue Rs4,805.66L, PBT Rs367.59L; limited review dated 31 Oct 2025. | [Outcome of Board Meeting 31 October 2025 - Unaudited standalone H1 FY2026 results approved: revenue Rs4,805.66L, PBT Rs367.59L; limited review dated 31 Oct 2025.](https://nsearchives.nseindia.com/corporate/SONAHISONA_31102025124754_Outcome_BM.pdf) |
| 31 October 2025 - Approved unaudited H1 results to 30 Sep 2025: revenue Rs4,745.66L, PAT Rs286.72L; limited review unmodified. | [Outcome of Board Meeting 31 October 2025 - Approved unaudited H1 results to 30 Sep 2025: revenue Rs4,745.66L, PAT Rs286.72L; limited review unmodified.](https://nsearchives.nseindia.com/corporate/SONAHISONA_31102025121704_Outcome_BM.pdf) |
| 30 March 2026 - Goldkart closes trading window from Apr 1, 2026 until 48 hours after audited FY2025-26 results declaration. | [Trading Window 30 March 2026 - Goldkart closes trading window from Apr 1, 2026 until 48 hours after audited FY2025-26 results declaration.](https://nsearchives.nseindia.com/corporate/SONAHISONA_30032026181135_Trading_Window_Closure.pdf) |
| 3 April 2026 - Promoter group disclosed no encumbrance on shares for FY ended 31 March 2026. | [Updates 3 April 2026 - Promoter group disclosed no encumbrance on shares for FY ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/SONAHISONA_03042026110519_Disclosure_reg_31_4.pdf) |
| 29 April 2026 - Vijay Chinubhai Shah has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, … | [Disclosure under SEBI Takeover Regulations 29 April 2026 - Vijay Chinubhai Shah has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …](https://nsearchives.nseindia.com/corporate/team_bbodade_13042026182646_GOLDKART1.pdf) |
| 29 April 2026 - Board approved audited standalone results for year ended 31 March 2026; auditors issued unmodified opinion. | [Outcome of Board Meeting 29 April 2026 - Board approved audited standalone results for year ended 31 March 2026; auditors issued unmodified opinion.](https://nsearchives.nseindia.com/corporate/SONAHISONA_29042026123406_Outcome_BM.pdf) |
| 27 Jun - Newspaper ads published 27 June 2026 for Postal Ballot notice in Western Times. | [Copy of Newspaper Publication 27 Jun - Newspaper ads published 27 June 2026 for Postal Ballot notice in Western Times.](https://nsearchives.nseindia.com/corporate/SONAHISONA_27062026105832_Newspaper_Advertisement.pdf) |
| 27 Jul - Shareholders approved ₹100 crore loan to promoter group company Laxmi Goldorna House Limited via postal ballot. | [Shareholders meeting 27 Jul - Shareholders approved ₹100 crore loan to promoter group company Laxmi Goldorna House Limited via postal ballot.](https://nsearchives.nseindia.com/corporate/SONAHISONA_27072026190321_Proceedings_Scrutinizer_Report_VotingResults.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31134_GOLDKART_2025_2026_A_3044546_02092026182300.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28525_GOLDKART_2024_2025_A_2100317_05092025113757.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25725_GOLDKART_2023_2024_04092024191314.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23609_SONAHISONA_2022_2023_06092023113744_09062023120000.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21245_SONAHISONA_2021_2022_03092022185151_09032022190001.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_18661_SONAHISONA_2020_2021_07082021193303_07082021200006.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17301_SONAHISONA_2019_2020_04092020183309_04092020190005.zip) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:45:09.683Z.