Deepa Jewellers IPO Review, Financial Analysis & Valuation

In-depth editorial analysis, statutory financial disclosures, and peer valuation metrics to help you evaluate if the Deepa Jewellers IPO is good or bad.

Business Overview

Deepa Jewellers, founded in 2016, is one of the leading wholesalers and traders of gold and diamond jewellery. The firm sells a wide range of traditional and contemporary designs across rings, necklaces, earrings, bangles, and customized ornaments. So far, the company offers 16 products with 110 different products across various categories.

Financial Performance

Period EndedRevenueExpenseAssetsPAT
2024₹1,025.73₹993.05₹174.64₹24.35
2025₹1,400.10₹1345.63₹217.67₹40.58
2026₹1,927.73₹1787.39₹357.18₹104.79

Peer Comparison & Valuation

Compare the valuation of Deepa Jewellers against its listed industry peers to determine if the issue price is justified.

EPSCompanyPE RatioIncomeRoNW %NAV
13.97Sky Gold and Diamonds Limited57.564708.38 Cr.23.88%72.02
21.22Shanti Gold International Limited12.722018.71 Cr.37.34%83.00
13.55Shringar House of Mangalsutra Limited17.022245.82 Cr.26.29%70.29
13.70RBZ Jewellers Ltd10.08636.48 Cr.20.11%74.96
36.10Khazanchi Jewellers Limited22.222049.22 Cr.32.45%129.14

Should you apply for the Deepa Jewellers IPO?

Determining whether the Deepa Jewellers IPO is good or bad requires evaluating the company's financial growth trajectory, the sector's macroeconomic tailwinds, and the premium demanded by the promoters in the price band.

  • Review the PAT (Profit After Tax) margins in the financials table above to ensure profitability is not artificially inflated just before the IPO.
  • Examine the P/E Ratio in the peer comparison section. A lower P/E relative to industry peers may indicate an undervalued issue.
  • Monitor the QIB subscription data on the final day, as heavy institutional buying is a strong indicator of smart-money confidence.