Business
Incorporated in 2012, Augmont Enterprises undertakes gold and silver procurement and refining, bullion trading, digital gold and silver, jewellery manufacturing, international sales and gold-backed financial services. It also offers digital gold and silver, gold SIPs, gold FDs, gold loans and gold recycling. It operates two refineries with a combined capacity of 284 tonnes annually. The company manufactures products at its unit located in Sitapur SEZ, Rajasthan, with an installed capacity of 13.8 MTPA as of March 2026 and sells them in international markets.Financials
Revenue from operations jumped 64.2% annually to ₹94,186.2 crore and net profit grew 114.1% annually to ₹348.3 crore between FY24 and FY26. Operating profit before interest, tax, depreciation and amortization (EBITDA) increased 92.7% to ₹386 crore during the period. On a year-on-year basis, revenue jumped 169.7%, EBITDA surged 271.4% while net profit soared 358.5% in FY26. The company's EBITDA margin remains low at under 1% as its high-volume, low-spread bullion business leaves limited room after operating expenses. The large value of gold and silver transacted also inflates the revenue base, keeping reported margins thin. The company faced a cash deficit from operations of ₹42 crore in FY26 as against positive cash flow of ₹105 crore in FY25 and ₹96.7 crore in FY24. This was due to an increase in trade receivables, a decrease in other current financial liability and an increase in taxes paid.Read more:Indian equity markets rally nearly 1% as dollar retreats and US bond yields cool
Valuation
The company does not have any listed comparable peers in India. Considering the post-IPO equity and net profit for FY26, it demands a price-earnings (P/E) multiple of 21 and price to sales multiple of 0.1.(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
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