Divine Hira Jewellers Ltd
Introduction
Divine hira jeweller is a company who deals in bullions, coins and intricate jewels. They design, wholesales, and market the gold jewels. It majorly deals in 18 karat, 20 karat, and 22 karat. They provide a variety of designs and range to the end customer as per their preferences.
Company Overview
Divine hira jeweller is a company based in mumbai, who operates in the manufacturing, designing, marketing the jewellery. It is based in Mumbai’s Zaveri Bazar which is a prime location to connect with the retailer as well as the wholesaler. It is a business to business wholesale model which is specialised in manufacturing necklaces, wedding jewellery, chains.
It operates under NSE and SME.
Promoter and founder introduction
Divine Hira Jewellers ltd. was founded by Hirachand Pukhraj Gulecha in 1997.
He incorporated the company into a “public limited company” in 2022. He was the managing director of the company.
The promoters of the company are hirachand p. gulecha, niraj hirachand gulecha, khushbu niraj gulecha. A hindu undivided family.
Late. Hirachand Gulecha
Niraj H. Gulecha
Financial statement analysis
Income statement
Particulars | Mar 2023 | Mar 2024 | Mar 2025 |
Sales | 125 | 183 | 359 |
Expenses | 123 | 180 | 350 |
Operating Profit | 2 | 3 | 9 |
OPM % | 1% | 2% | 2% |
Other Income | 0 | 0 | 0 |
Interest | 1 | 1 | 2 |
Depreciation | 0 | 0 | 0 |
Profit Before Tax | 1 | 2 | 7 |
Tax % | 25% | 25% | 25% |
Net Profit | 1 | 1 | 6 |
Balance sheet
Particulars | Mar 2023 | Mar 2024 | Mar 2025 |
Equity Capital | 7 | 7 | 13 |
Reserves | 1 | 2 | 30 |
Borrowings | 14 | 19 | 19 |
Other Liabilities | 1 | 1 | 3 |
Total Liabilities | 23 | 29 | 65 |
Fixed Assets | 0 | 0 | 1 |
CWIP (Capital Work-in-Progress) | 0 | 0 | 0 |
Investments | 0 | 0 | 0 |
Other Assets | 23 | 29 | 65 |
Total Assets | 23 | 29 | 65 |
Cash flows
Particulars | Mar 2023 | Mar 2024 | Mar 2025 |
Cash from Operating Activity | -1 | -1 | 1 |
Cash from Investing Activity | -0 | -0 | -0 |
Cash from Financing Activity | 2 | 3 | 27 |
Net Cash Flow | 1 | 2 | 28 |
Key interpretation and insights
Strength
The promoters of the company have over 30 years of experience which helps to amplify the operations of the business, in such a way that will lead to higher profits.
Weakness
The company does not have its own working force and labourers, so they outsource the work for the same, which affects the consistency.
Risk factor
The industry has a vast range of players, which makes it difficult to survive at the same or growing pace.
Future outlook
The company plans to use IPO proceeds for working capital and repayment of debt. There are plans to initiate exports, expanding their reach internationally.
Conclusion
Divine Hira Jewellers Ltd is a rapidly growing B2B gold jewellery company (incorporated 2022) focusing on 22K jewellery, showing significant revenue growth (95.72% in FY25) and a 198% stock return over the past year. While showcasing high PAT growth (274.94% in FY25), it faces risks regarding limited geographic presence and high valuation.
Sources
Divine hira jewellers
Screener
Bajaj broking
ICICI direct