Synopsis:
Ashapuri Gold Ornament Limited secured ₹102 crore in domestic orders at IIJS Premier 2025, to be executed within 90 days.
This Penny Jewellery stock is under Rs. 10, engaged in making and selling gold jewellery, focusing on manufacturing, wholesale trading, and showroom sales of gold ornaments, and skyrocketed 13 percent after securing an order worth Rs. 102 crore from Prominent Regional and National Jewellery Retail Chains.
With a market capitalization of Rs. 223.32 crores, the share of Ashapuri Gold Ornament Limited has reached an intraday high of Rs. 6.94 per equity share, rising nearly 12.66 percent from its previous day’s close price of Rs. 6.16. Since then, the stock has retreated and is currently trading at Rs. 6.70 per equity share.
What is the news?
Ashapuri Gold Ornament Limited has announced the receipt of purchase orders worth approximately Rs. 102 crore at the India International Jewellery Show (IIJS Premier) 2025. The orders, placed by leading regional and national jewellery retail chains along with top big-box jewellers, are entirely from domestic clients and will be executed within 90 days.
The contracts involve the supply of high-quality gold jewellery, reflecting the company’s growing market presence and strong industry relationships. This achievement underscores Ashapuri’s reputation for precision manufacturing, innovative design, and timely delivery in India’s competitive gold jewellery sector.
Company Overview
Ashapuri Gold Ornament Limited was established in 2008 and is headquartered on CG Road, Ahmedabad, Gujarat. The company is an Indian enterprise that specializes in designing, manufacturing, and wholesale trading of gold jewelry, celebrated for its diverse designs and classic elegance.
The company produces a broad collection of gold and antique jewelry, including rings, nose rings, bangles, earrings, anklets, necklaces, and pendants. Its designs range from antique and traditional to bridal, contemporary, and fusion styles, catering to a wide variety of customer preferences. The company’s notable brands include Kaavis and Maayin.
Ashapuri Gold Ornament Limited serves customers in major cities and urban centers across India, such as Ahmedabad, Delhi, Rajasthan, Punjab, Uttar Pradesh, Kolkata, Chennai, and Bangalore.
Recent quarter results
Coming into financial highlights, Ashapuri Gold Ornament Limited’s revenue has increased from Rs. 44.23 crore in Q1 FY25 to Rs. 52.95 crore in Q1 FY26, which has grown by 19.71 percent. The net profit has also grown by 21.92 percent from Rs. 2.60 crore in Q1 FY25 to Rs. 3.17 crore in Q1 FY26. Ashapuri Gold Ornament Limited’s revenue and net profit have grown at a CAGR of 24.44 percent and 58.74 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE stand at 13.8 percent and 10.2 percent, respectively. Ashapuri Gold Ornament Limited has an earnings per share (EPS) of Rs. 0.38, and it’s an almost debt-free company, with net borrowings amounting to Rs. 1 crore.
Written By – Nikhil Naik
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