Rajnish Retail Ltd

₹ 86.8 2.00%

02 May - close price

About

Incorporated in 1995, Sheetal Diamonds Ltd manufactures, trades and exports loose diamonds and jewelry

Key Points

Product Portfolio^[1]
A) Diamonds: Company uses finest cut Belgium diamonds available in 9K, 10K, 14K and 18K gold, platinum and silver.
a) White Loose Diamonds^[2]
b) GIA, IGI, HRD Certified Diamonds^[3]
c) Fancy Cut Diamonds^[4]
d) Fancy Color Diamonds^[5]

B) Jewelry:
Company has over 1,00,000 jewelry designs comprised of:
a) Ring^[6]
b) Earring^[7]
c) Pendant^[8]
d) Bracelet/Bangle^[9]
e) Necklace^[10]
f) Nose Pin^[11]

In addition to above, company offers finish inclusive of Rhodium Plating, Guaranteed
Silver Plating, Antique Silver Plating, Gold
Plating, Antique Gold Plating, Lacquer Gold Plating, Rose Gold Plating, Carat Gold Plating, Victoria Plating, Two-tone plating in gold and rhodium.

Website BSE

Market Cap ₹ 194 Cr.
Current Price ₹ 86.8
High / Low ₹ 86.8 / 7.51
Stock P/E 571
Book Value ₹ 28.8
Dividend Yield 0.00 %
ROCE 1.42 %
ROE 1.01 %
Face Value ₹ 5.00

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 3.01 times its book value
Promoter holding has decreased over last quarter: -1.34%
The company has delivered a poor sales growth of -20.7% over past five years.
Promoter holding is low: 25.4%
Company has a low return on equity of -0.17% over last 3 years.
Company has high debtors of 335 days.
Working capital days have increased from 1,042 days to 2,800 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Retail Industry: Trading

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	8.77	8.07	7.08	4.89	1.09	1.31	0.42	0.06	1.37	0.00	0.08	2.18	4.03
	8.95	7.61	7.52	6.46	0.34	1.47	0.56	0.40	1.01	0.14	0.05	2.18	3.78
Operating Profit	-0.18	0.46	-0.44	-1.57	0.75	-0.16	-0.14	-0.34	0.36	-0.14	0.03	0.00	0.25
OPM %	-2.05%	5.70%	-6.21%	-32.11%	68.81%	-12.21%	-33.33%	-566.67%	26.28%		37.50%	0.00%	6.20%
	0.07	0.18	0.07	0.35	0.18	0.01	0.01	0.02	0.03	0.00	0.00	0.16	0.21
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.02	0.03	0.03	0.03	0.03	0.04	0.03	0.03	0.02	0.01	0.00	0.04	0.00
Profit before tax	-0.13	0.61	-0.40	-1.25	0.90	-0.19	-0.16	-0.35	0.37	-0.15	0.03	0.12	0.46
Tax %	-7.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.71%	0.00%	6.67%	0.00%	33.33%	30.43%
	-0.14	0.61	-0.40	-1.26	0.90	-0.18	-0.16	-0.32	0.37	-0.14	0.03	0.09	0.32
EPS in Rs	-0.14	0.61	-0.40	-1.26	0.90	-0.18	-0.16	-0.32	0.37	-0.14	0.03	0.04	0.14
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	43.32	28.16	3.83	9.96	21.86	18.51	20.10	18.34	22.60	21.13	3.16	6.29
	43.39	28.13	3.80	9.91	21.77	18.44	20.65	18.95	22.41	21.89	3.38	6.13
Operating Profit	-0.07	0.03	0.03	0.05	0.09	0.07	-0.55	-0.61	0.19	-0.76	-0.22	0.16
OPM %	-0.16%	0.11%	0.78%	0.50%	0.41%	0.38%	-2.74%	-3.33%	0.84%	-3.60%	-6.96%	2.54%
	-0.23	0.03	0.01	-2.25	0.00	0.04	0.40	0.53	0.28	0.78	0.02	0.38
Interest	0.01	0.00	0.00	0.00	0.03	0.03	0.01	0.03	0.03	0.05	0.01	0.01
Depreciation	0.04	0.05	0.07	0.06	0.05	0.04	0.03	0.03	0.06	0.13	0.12	0.06
Profit before tax	-0.35	0.01	-0.03	-2.26	0.01	0.04	-0.19	-0.14	0.38	-0.16	-0.33	0.47
Tax %	0.00%	0.00%	0.00%	0.00%	300.00%	-75.00%	-5.26%	0.00%	2.63%	0.00%	6.06%	27.66%
	-0.35	0.00	-0.03	-2.26	-0.01	0.07	-0.20	-0.15	0.37	-0.16	-0.30	0.34
EPS in Rs	-0.35	0.00	-0.03	-2.26	-0.01	0.07	-0.20	-0.15	0.37	-0.16	-0.30	0.15
Dividend Payout %	0.00%		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-14%
5 Years:	-21%
3 Years:	-35%
TTM:	99%

Compounded Profit Growth
10 Years:	42%
5 Years:	30%
3 Years:	-3%
TTM:	236%

Stock Price CAGR
10 Years:	42%
5 Years:	148%
3 Years:	299%
1 Year:	920%

Return on Equity
10 Years:	0%
5 Years:	0%
3 Years:	0%
Last Year:	1%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	15.33
Reserves	0.80	0.80	0.74	-1.52	-1.53	-1.46	-1.66	-1.81	-1.44	-1.59	-1.90	49.10
	0.86	0.26	0.10	0.10	0.10	0.10	0.00	0.38	0.13	0.10	0.06	0.04
	-0.01	0.00	0.20	0.04	0.95	0.81	0.53	4.23	5.33	0.94	0.16	0.15
Total Liabilities	6.65	6.06	6.04	3.62	4.52	4.45	3.87	7.80	9.02	4.45	3.32	64.62
	0.39	0.26	0.26	0.20	0.16	0.12	0.10	0.33	0.61	0.80	0.40	0.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	2.25	2.25	2.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10.00
	4.01	3.55	3.53	3.42	4.36	4.33	3.77	7.47	8.41	3.65	2.92	54.62
Total Assets	6.65	6.06	6.04	3.62	4.52	4.45	3.87	7.80	9.02	4.45	3.32	64.62

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-0.73	-0.45	0.04	0.14	-0.29	0.14	-0.48	0.17	1.07	0.02	-0.29	-45.33
	-0.30	0.10	-0.08	0.00	0.48	0.00	0.01	-0.26	-0.35	-0.32	0.23	-9.60
	2.02	-0.60	-0.16	0.00	-0.03	0.00	-0.10	0.25	-0.42	-0.03	-0.03	61.03
Net Cash Flow	0.99	-0.95	-0.20	0.14	0.16	0.14	-0.57	0.16	0.30	-0.33	-0.09	6.09

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	-5.65	1.56	22.87	15.76	33.73	28.59	50.12	94.33	101.10	12.09	267.97	334.83
Inventory Days	20.28	24.78	187.29	79.28	27.25	38.66	13.53	40.22	15.37	33.94	14.76	923.53
Days Payable	0.00	0.13	19.15	1.18	16.39	5.55	8.34	83.67	76.01	15.48	2.68	8.83
Cash Conversion Cycle	14.64	26.20	191.01	93.86	44.60	61.70	55.31	50.88	40.47	30.56	280.05	1,249.53
Working Capital Days	14.74	26.31	174.40	94.18	48.59	56.20	57.56	57.72	36.98	39.73	286.46	2,800.46
ROCE %	0.31%	0.47%	-0.50%	-0.21%	1.12%	1.94%	-5.16%	-3.18%	11.29%	-3.06%	-8.10%

Shareholding Pattern

Numbers in percentages

2 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	16.87%	16.87%	16.38%	16.00%	16.00%	16.00%	16.00%	16.00%	16.00%	16.00%	26.70%	25.36%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.52%	0.00%	0.00%
	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.28%	0.20%
	82.50%	82.50%	82.99%	83.37%	83.37%	83.36%	83.37%	83.36%	83.37%	80.85%	73.02%	74.44%
No. of Shareholders	2,162	2,441	6,368	7,780	8,036	7,901	7,766	7,509	6,003	5,393	6,052	6,133

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	16.88%	16.88%	16.87%	16.87%	16.87%	16.00%	16.00%	25.36%
	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.20%
	82.49%	82.49%	82.50%	82.50%	82.50%	83.37%	83.36%	74.44%
No. of Shareholders	1,561	1,566	1,582	1,592	1,653	7,780	7,509	6,133

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Rajnish Retail Ltd

Rajnish Retail Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports