R O Jewels Ltd

R O Jewels Ltd

₹ 4.01 1.26%
02 May 1:47 p.m.
About

Incorporated in 2018, RO Jewels Ltd is in the business of procurement and sale of jewelry

Key Points

Business Overview:[1]
Company does wholesale of gold and Silver chains brand named Ravi Ornaments and offers variety of traditional, Indo-western, & modern chain and jewellery. Company procures gold & silver, that are hallmarked from BIS, majorly through bullion market and partially from local markets in Ahmedabad and purchase only readymade Chains and other jewelries from the jewelry manufacturers or independent jewelry wholesalers located in Ahmedabad and Mumbai. These are then sold through company's showroom situated at Manek Chowk, Ahmedabad and by its marketing and sales team directly to other jewelry stores only through B2B marketing or Direct/Outbound marketing strategy

Product Profile:[2]
a) Chains
b) Bracelets
c) Vertical Mala
d) Mangalsutra
e) Bangles
f) Set

  • Market Cap 20.2 Cr.
  • Current Price 4.01
  • High / Low 7.91 / 3.11
  • Stock P/E 5.80
  • Book Value 2.66
  • Dividend Yield 0.00 %
  • ROCE 20.4 %
  • ROE 18.1 %
  • Face Value 2.00

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 22.6%
  • Company has a low return on equity of 7.33% over last 3 years.
  • Earnings include an other income of Rs.1.49 Cr.
  • Promoter holding has decreased over last 3 years: -22.7%

* 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: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
33.99 16.56 15.81 490.72 272.84 19.87 15.89
33.86 16.26 15.70 488.78 271.30 19.52 16.45
Operating Profit 0.13 0.30 0.11 1.94 1.54 0.35 -0.56
OPM % 0.38% 1.81% 0.70% 0.40% 0.56% 1.76% -3.52%
0.00 0.00 0.00 0.54 0.00 0.00 0.95
Interest 0.01 0.00 0.01 0.01 0.17 0.02 0.01
Depreciation 0.01 0.02 0.00 0.06 0.02 0.01 0.02
Profit before tax 0.11 0.28 0.10 2.41 1.35 0.32 0.36
Tax % 27.27% 0.00% 0.00% 20.75% 18.52% 31.25% 27.78%
0.08 0.29 0.10 1.91 1.10 0.21 0.26
EPS in Rs 0.02 0.06 0.02 0.38 0.22 0.04 0.05
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
4 125 44 50 507 799
4 125 44 50 504 796
Operating Profit 0 -0 0 0 2 3
OPM % 0% -0% 0% 0% 0% 0%
0 0 0 0 1 1
Interest 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0
Profit before tax 0 -0 0 0 3 4
Tax % 0% 0% 0% 14% 20%
0 -0 0 0 2 3
EPS in Rs 0.01 -0.02 0.02 0.04 0.40 0.69
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 59%
TTM: 917%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 190%
TTM: 1017%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 47%
1 Year: -22%
Return on Equity
10 Years: %
5 Years: %
3 Years: 7%
Last Year: 18%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 3 3 3 10 10
Reserves 1 7 7 7 2 3
0 1 1 1 2 2
0 2 1 1 2 3
Total Liabilities 2 13 11 11 16 17
0 0 0 0 1 1
CWIP 0 0 0 0 0 0
Investments 0 0 0 1 1 1
2 13 11 11 14 16
Total Assets 2 13 11 11 16 17

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 -5 -1 -1 2
0 0 0 -1 -0
0 8 0 -0 0
Net Cash Flow -0 3 -1 -2 1

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 14 2 9 1
Inventory Days 127 12 72 65 7
Days Payable 0 6 4 3 1
Cash Conversion Cycle 127 20 70 70 7
Working Capital Days 143 21 71 72 8
ROCE % -2% 1% 2%

Shareholding Pattern

Numbers in percentages

Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
45.26% 45.26% 45.26% 45.26% 28.92% 20.30% 25.52% 25.28% 25.26% 23.70% 22.57% 22.57%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.50% 2.05% 2.05% 0.79% 0.00%
54.74% 54.74% 54.74% 54.74% 71.08% 79.70% 74.48% 73.23% 72.69% 74.25% 76.64% 77.44%
No. of Shareholders 11887837073791,87210,32912,26513,47015,89019,127

* 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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