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Kalamandir Jewellers Limited
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Registered Details

KALAMANDIR JEWELLERS LIMITED

All Companies ›

Gujarat ›

Construction ›

Active

Updated: 27 Sep 2025

The company is engaged in retailing gold ornaments.

Kalamandir Jewellers Limited, is an unlisted public company incorporated on 21 May, 2009. It is classified as a public limited company and is located in , Gujarat. It's authorized share capital is INR 25.00 cr and the total paid-up capital is INR 1.26 cr.

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Industry and products

Construction

Necklace, Earring, earring., Chain, Ring, Braceletes, Diamond, Bangeles, Mangalsutra

Company size

Auth Capital

₹ 25.0 Cr

Paidup Capital

₹ 1.3 Cr

Revenue

₹ 3250-3500 cr

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

51.01%

₹ 3,338.7

EBITDA

111.09%

₹ 119.8

Net Profit

86.13%

₹ 52.1

Networth

18.66%

₹ 327.3

Borrowings

87.61%

₹ 385.2

Assets

85.95%

₹ 1,078.5

Gross Margin

0.17

10.5 %

Operating Margin

1.02

3.6 %

Net Profit Margin

0.29

1.6 %

Return on Equity

5.77

15.9 %

ROCE

5.19

21.2 %

Debt to Equity

0.44

1.2

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (9)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Managing Director	Mohanlal Bhimraj Shah Shareholder	02778049	16 years
Whole-time Director	Milan Mohanlal Shah Shareholder	02109317	15 years
Whole-time Director	Sharadkumar Mohanlal Shah Shareholder	02604653	16 years
Whole-time Director	Rajeshkumar Mohanbhai Shah Shareholder	02604727	16 years
Director	Amrita D C Nautiyal	00123512	1 years
Director	Mragank Jain	02489895	1 years
Director	Arun Brijmohan Kanodiya	03449000	1 years

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	1,299.1	1,148.6	1,696.1	2,209.8	3,338.5
Operating profit	38.1	89.5	71.8	56.7	119.8
Net profit	18.6	44.7	44.5	28.0	52.1
Gross margin	9.4	15.9	12.0	10.3	10.5
Operating margin	2.9	7.8	4.2	2.6	3.6
Net margin	1.4	3.9	2.6	1.3	1.6
Networth	162.9	207.6	248.0	275.8	327.3
Borrowings	76.1	89.5	156.1	205.3	385.2
Assets	336.5	385.8	456.2	580.0	1,078.5
Debt to equity	0.5	0.4	0.6	0.7	1.2
Current ratio	1.7	2.2	2.2	1.8	1.4
ROE	11.4	21.5	17.9	10.1	15.9
Days payable	29.0	30.0	6.0	14.0	22.0
WC days	32.0	59.0	47.0	35.0	23.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.3	1.3	1.3	1.3	1.3
Reserves	161.7	206.4	246.7	274.6	326.0
Borrowings +	76.1	89.5	156.1	205.3	385.2
Long term borrowings	-	26.0	19.6	35.7	34.7
Short term borrowings	76.1	63.5	136.5	169.6	350.6
Trade payables +	93.2	80.7	25.8	73.8	183.9
Days payable	29.0	30.0	6.0	14.0	22.0
Other liabilities +	97.4	88.6	52.1	98.8	366.0
Other non-current liabilities	1.8	1.9	8.5	7.2	147.9
Other current liabilities	2.5	6.0	17.8	17.9	34.2
Total liabilities	336.5	385.8	456.2	580.0	1,078.5
Fixed Assets +	47.0	47.8	54.8	101.7	279.2
Tangible assets	47.0	47.8	54.8	101.7	245.3
CWIP	-	-	-	-	33.4
Intangible assets	-	-	-	-	0.4
LT loans and advances	3.1	0.9	-	-	-
Other non-current assets	-	1.4	4.2	5.4	17.9
Current assets +	286.4	335.7	397.2	472.9	781.4
Inventories	265.3	310.6	376.4	453.5	757.6
Trade receivables	4.5	4.1	2.6	4.5	3.5
Cash and cash equivalents	0.6	5.8	6.6	3.5	7.4
ST loans and advances	14.8	13.8	0.9	1.5	1.6
Other current assets	1.3	1.4	10.8	9.9	11.2
Total assets	336.5	385.8	456.2	580.0	1,078.5

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.37	0.33	0.28	0.22	0.12
Reserves	48.05	53.5	54.09	47.34	30.23
Borrowings +	22.62	23.2	34.22	35.4	35.72
Long term borrowings	0.0	6.74	4.3	6.16	3.21
Short term borrowings	22.62	16.46	29.92	29.25	32.51
Trade payables	27.7	20.92	5.66	12.72	17.05
Other liabilities +	28.96	22.97	11.42	17.04	33.94
Other non-current liabilities	0.52	0.49	1.86	1.25	13.71
Other current liabilities	0.74	1.56	3.9	3.08	3.17
Total liabilities
Fixed Assets +	13.96	12.38	12.01	17.53	25.89
Tangible assets	13.96	12.38	12.01	17.53	22.75
CWIP	0.0	0.0	0.0	0.0	3.1
Intangible assets	0.0	0.0	0.0	0.0	0.04
LT loans and advances	0.92	0.22	0.0	0.0	0.0
Other non-current assets	0.0	0.37	0.91	0.94	1.66
Current assets +	85.12	87.03	87.07	81.53	72.45
Inventories	78.83	80.52	82.5	78.19	70.25
Trade receivables	1.33	1.07	0.56	0.77	0.33
Cash and cash equivalents	0.17	1.51	1.45	0.6	0.69
ST loans and advances	4.4	3.58	0.19	0.26	0.15
Other current assets	0.39	0.35	2.37	1.71	1.04
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,299.1	1,148.6	1,696.1	2,209.8	3,338.5
Sales growth %	-2.55	-11.59	47.67	30.29	51.08
Expenses +	1,275.0	1,088.6	1,638.3	2,173.7	3,269.4
Cost of goods	1,176.4	966.0	1,493.2	1,982.5	2,989.2
Employee cost	49.2	64.3	109.3	141.1	177.9
Other costs	35.3	28.7	21.8	29.4	51.7
Operating profit +	38.1	89.5	71.8	56.7	119.8
Operating margin %	2.9	7.8	4.2	2.6	3.6
Other income	1.0	1.0	1.5	1.1	0.1
Interest	10.4	26.3	9.2	13.9	35.0
Depreciation	3.6	3.3	4.7	6.7	15.6
Exceptional items	-	-	-	-	-
Profit before tax	25.1	60.9	59.4	37.2	69.3
Tax	6.4	16.2	14.9	9.2	17.2
Profit - disc. ops	-	-	-	-	-
Net profit	18.6	44.7	44.5	28.0	52.1
Net margin %	1.4	3.9	2.6	1.3	1.6

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.93	99.91	99.91	99.95	100.0
Expenses +	98.07	94.7	96.5	98.32	97.92
Cost of goods	90.49	84.04	87.96	89.67	89.53
Employee cost	3.78	5.6	6.44	6.38	5.33
Other costs	2.72	2.49	1.28	1.33	1.55
Operating profit	2.93	7.79	4.23	2.57	3.59
Other income	0.07	0.09	0.09	0.05	0.0
Interest	0.8	2.29	0.54	0.63	1.05
Depreciation	0.28	0.29	0.28	0.3	0.47
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	1.93	5.3	3.5	1.68	2.08
Tax	0.49	1.41	0.88	0.42	0.52
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	1.43	3.89	2.62	1.27	1.56

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.5	0.4	0.6	0.7	1.2
Net Debt/Equity	0.5	0.4	0.6	0.7	1.1
Total Debt/Assets	0.2	0.2	0.3	0.3	0.4
Total Assets/Equity	2.1	1.9	1.8	2.1	3.3
Liquidity +
Current Ratio	1.7	2.2	2.2	1.8	1.4
Quick Ratio	0.1	0.2	0.1	0.1	0.0
Interest Coverage	3.7	3.4	7.8	4.1	3.4
Performance
Gross Margin	9.4	15.9	12.0	10.3	10.5
Operating Margin	2.9	7.8	4.2	2.6	3.6
Net Margin	1.4	3.9	2.6	1.3	1.6
Return +
Return on Equity	11.4	21.5	17.9	10.1	15.9
Pre-tax ROCE	21.4	37.0	24.7	16.0	21.2
Return on Assets	5.5	11.6	9.7	4.8	4.8
Pre-tax ROIC	14.5	29.6	16.9	10.5	14.8
Efficiency +
Days Payable	29.0	30.0	6.0	14.0	22.0
Days Inventory	82.0	117.0	92.0	83.0	93.0
Days Receivable	1.0	1.0	1.0	1.0	0.0
Fixed Asset Turnover	27.7	24.1	30.9	21.7	12.0
Total Asset Turnover	3.9	3.0	3.7	3.8	3.1
Working Capital
Cash Conversion Cycle	54.0	88.0	87.0	70.0	71.0
Working Capital Days	32.0	59.0	47.0	35.0	23.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

HDFC Bank Limited

No. of Loans: 3

Total Amount : 606.0 cr

Yes Bank Limited

No. of Loans: 2

Total Amount : 250.0 cr

The Federal Bank Limited

No. of Loans: 1

Total Amount : 65.0 cr

Axis Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

ICICI Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

MERCEDES-BENZ FINANCIAL SERVICES INDIA PRIVATE LIMITED

No. of Loans: 1

Total Amount : 0.1 cr

Charge Holder	Amount	Date of creation/modification
The Federal Bank Limited	65.0 cr	31 May, 2025
Axis Bank Limited	50.0 cr	29 May, 2025
Yes Bank Limited	125.0 cr	01 May, 2025
HDFC Bank Limited	290.0 cr	29 Mar, 2025
HDFC Bank Limited	290.0 cr	25 Mar, 2025
Yes Bank Limited	125.0 cr	20 Sep, 2024
MERCEDES-BENZ FINANCIAL SERVICES INDIA PRIVATE LIMITED	0.1 cr	31 Aug, 2024
ICICI Bank Limited	50.0 cr	25 Apr, 2024
HDFC Bank Limited	26.0 cr	29 Mar, 2021

Charges

HDFC Bank Limited

Yes Bank Limited

The Federal Bank Limited

Axis Bank Limited

Others

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
GANDHAR OIL REFINERY (INDIA) LIMITED	Active	19.6 Cr	1	Maharashtra
LITTLE INTERNET PRIVATE LIMITED	Active	22.4 Cr	1	Delhi
RIVERSIDE INDUSTRIES LIMITED	Active	6.2 Cr	1	Maharashtra
JAY PRECISION PHARMACEUTICALS PRIVATE LIMITED	Active	4.0 Cr	1
MATIX FERTILISERS AND CHEMICALS LIMITED	Active	2,215.5 Cr	1	West Bengal
CIPLA HEALTH LIMITED	Active	2.3 Cr	1	Maharashtra
RELIANCE ASSET RECONSTRUCTION COMPANY LIMITED	Active	100.0 Cr	1	Maharashtra
SVARAA JEWELLERS PRIVATE LIMITED	Active	1.0 L	1	Gujarat
MEDIFORALL PRIVATE LIMITED	Active	1.0 L	1	Gujarat
CHAHAT DEVELOPERS LLP	Active	1.0 L	1	Gujarat
WESTGROVE ENTERPRISE LLP	Strike Off	1.0 L	1	Gujarat
SVARAA E-COMMERCE JEWELCART PRIVATE LIMITED	Active	1.0 L	1	Gujarat
BRILLIANT LABGROWN PRIVATE LIMITED	Active	1.0 L	2	Gujarat
KALAMANDIR WELFARE FOUNDATION	Active	1.0 L	2	Gujarat
MOEVING TURBO CHARGE PRIVATE LIMITED	Active	1.0 L	1	Delhi
RMK LAB GROWN DIAMONDS LLP	Active	30.0 L	1	ja
AETHER INDUSTRIES LIMITED	Active	132.6 Cr	1	Gujarat
HARYANA PETROCHEMICALS LIMITED	Active	53.8 Cr	1	Haryana

Tofler Score

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Risk

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No risks identified

Moderate Risk

LOW CASH BALANCE

Low Risk

GROSS MARGINS DETERIORATING
NET MARGIN DETERIORATING
ROCE DETERIORATING

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Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Registered Details

CIN

U45100GJ2009PLC143790

PAN

AADCK6700F

Incorporation

2009, 16.5 years

Company Email

cs@kalamandirltd.com

Paid up Capital

₹ 1.3 Cr

Authorised Capital

₹ 25.0 Cr

AGM

Sep 2024

Type

Public

Others

FAQ - KALAMANDIR JEWELLERS LIMITED

What is the incorporation date of KALAMANDIR JEWELLERS LIMITED?

The incorporation date of KALAMANDIR JEWELLERS LIMITED is 21 May, 2009

What is the authorized share capital of KALAMANDIR JEWELLERS LIMITED?

The authorized share capital of KALAMANDIR JEWELLERS LIMITED is INR ₹ 25.0 Cr.

What is the paid-up capital of KALAMANDIR JEWELLERS LIMITED?

The paid-up capital of KALAMANDIR JEWELLERS LIMITED is INR ₹ 1.3 Cr.

What is the registered address of KALAMANDIR JEWELLERS LIMITED?

The registered address of KALAMANDIR JEWELLERS LIMITED is PLOT NO. 124, GR TO 3RD FLOOR, KALAMANDIR BLDG, GHOD DOD ROAD, ATHWALINES, SURAT, CHORIYASI, Umra, Surat, Surat, Gujarat, India, 395007 - 395007

What is the CIN number of KALAMANDIR JEWELLERS LIMITED?

The CIN number of KALAMANDIR JEWELLERS LIMITED is U45100GJ2009PLC143790.

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